Regulating online gaming is the best way to prevent abuse

Las Vegas Review Journal – An anti-online gaming group is distributing a letter from the Federal Bureau of Investigation that warns Internet wagering can be used by criminals to conduct money-laundering activities. The effort by the Coalition to Stop Internet Gambling, a Washington, D.C., grassroots organization funded by Las Vegas Sands Corp. Chairman Sheldon Adelson, is part of the group’s overall push to restore a federal ban on Internet gaming. Meanwhile, opponents of online gambling are promoting draft legislation that would reverse the U.S. Department of Justice’s 2011 determination that overturned the Federal Wire Act, allowing individual states to adopt…

Tribes should offer online gaming

Journal Sentinel – In a move that brought about a tectonic shift in how states can legally offer gambling online, the U.S. Department of Justice issued a simple and discreet ruling that opened the gate for states and operators to offer online poker, bingo, lotteries and casino games to U.S. citizens. The ruling was timed to be as discreet as possible: issued Friday, Dec. 21, 2011, when many in the industry were either traveling or preparing for the Christmas holiday. The DOJ shifted its position regarding the Wire Act of 1961, which previously barred the transmission of betting data over…

U.S. Online Poker Market Could Be $2.2 Billion A Year Under Nationwide Industry

Poker News – Legalized online poker is slowly, but surely, coming to the United States. Right now, three states — Nevada, New Jersey and Delaware — have online poker up and running in their respective borders. More are expected in the near future (maybe none in 2014, though). While the poker boom, which started around a decade ago, has ended, the U.S. online poker market could be set for a comeback. Card Player had the chance to speak with Dr. Kahlil Philander of the University of Nevada Las Vegas, who has done research on the size of the U.S. online…

Legal, nationwide online gaming would create 22,000 jobs

Fox News – Congress banned online gambling in 2006. But new laws across the nation are rolling the rules back — and lawmakers think they’re holding a royal flush. Mega-entrepreneur Richard Branson’s Virgin Group is the latest entry in online gambling, teaming with the Tropicana Resort in Atlantic City and online game maker Gamesys to bring online poker, blackjack and slots to New Jersey this week. Gov. Chris Christie validated the vice in the waning weeks of 2013, saying he hoped to rake in $1 billion in casino revenues this year, of which the state will collect a 17 percent…

Louisiana May Examine iGaming Regulation

Poker News – We recently reported that Iowa isn’t expected to make any iGaming progress in 2014, but one state that might makes some moves is Louisiana. The Bayou State, one of seven states that currently ban iGaming, is apparently considering a bill in the forthcoming legislative session that would enact safeguards for online gambling. “I suspect a bill will likely be introduced, but I can’t confirm,” said Louisiana Gaming Control Board chairman Ronnie Jones. According to Renita D. Young of NOLA.com and The Time Picayune, Jones, Assistant Attorney General Leonce Gautreaux, and Major Mike Noel of the Louisiana State…

Some Full Tilt Payments Approved By Feds

Card Player – On Wednesday, the Poker Players Alliance announced that the federal government and Garden City Group — the firm it hired to process all the Full Tilt Poker claims — are just “weeks away” from finally putting the money into the hands of victims. According to reports, at least some of the money will be made through ACH deposit. “I spoke with [Asset Forfeiture and Money Laundering Section/Department of Justice] staff today and they informed me that they have approved approximately 30,000 undisputed player claims,” John Pappas, PPA’s executive director, said in a statement Wednesday. “Garden City should…