US Internet Gambling To Be Worth $3.5 Billion By 2017
According to a revised forecast by Morgan Stanley, the US internet gambling market is now expected to be worth $3.5 billion by 2017, a 30% reduction compared to the groups previous prediction of $5 billion. Apparently, the Wall Street firm made allowances for worse-than-expected technical issues when revising its projection, although going forward the industry […]
Restoration of America’s Wire Act (RAWA) Introduced In Congress
On Wednesday, the Restoration of America’s Wire Act (RAWA) was introduced to the Senate by U.S. Senator Lindsey Graham (R-South Carolina) and to The House of Representatives by Representative Jason Chaffetz (R-Utah). If passed the identical bills will reinstate an earlier interpretation of the Wire Act to prohibit all forms of online gambling. The RAWA, […]
US States Clampdown On Illegal Internet Cafe Gambling
Across the USA thousands of Internet cafes have sprung up providing not only access to the Web but also offering customers online gambling games such as black jack, roulette and slot machines. Advertised as ‘sweepstakes’ cafes, these illegal gambling operations have been pulling in more than $10 billion in revenue each year, and despite individual […]
Looking Ahead At Online And Mobile Gambling’s Future Potential
Land-based casinos and lotteries may dominate the gambling industry, but online real-money gambling is continuing to grow rapidly, as the use of smartphones and tablet computers becomes more prolific. Across the globe, however, the regulatory landscape of internet wagering is varied and whereas most European countries have some legislation in place, and last year accounted […]
Summer Launch Eyed For Delaware-Nevada Online Poker Compact
At the end of last month, the states of Nevada and Delaware signed a landmark agreement to combine their player pools in order to give their nascent igaming industries a much needed boost. At the time the Delaware Finance Secretary Thomas Cook said the system would likely take until the end of 2014 before being […]
PokerStars Eyes California’s Lucrative Online Poker Market
Having been turned away from the regulated online gambling markets of Nevada, New Jersey, and Delaware, the world’s biggest online poker room, PokerStars, is currently working on gaining access to California‘s huge potential igaming market providing, of course, regulation is eventually passed in the state. Nevertheless, PokerStars will first have to contend with a “bad […]
Rep. Chaffetz’ Anti-online Gambling Bill By End Of March
According to M.J. Henshaw, a spokeswomen acting on behalf of U.S. Representative Jason Chaffetz (R-Utah), the Republican Congressman is planning on introducing an anti-online gambling bill to Congress on Wednesday, 26th March, designed to “restore longstanding United States policy that the Wire Act prohibits all forms of Internet gambling.” UIGEA re-interpreted in 2011 to allow […]
