Toronto’s Bitcoin Expo Gives Some Hope for Online Gamblers

OSGA – Last weekend the Bitcoin Alliance of Canada hosted the first bitcoin expo in Toronto and while there were no easily recognizable names like Bill Gates or Warren Buffet in attendance, the conference was filled with individuals who are well versed and connected with bitcoin. Erik Voorhees who has generally been the spokesperson for the virtual currency in the United States was unable to attend so it was left to Anthony Di Iorio, the executive director of the Bitcoin Alliance of Canada and the event organizer, Andreas Antonopoulos who is an author and expert on bitcoins and Stuart Hoegner…

Baptists team up with Adelson against online gambling

Washington Examiner – Lindsey Graham is a Southern Baptist. Last month, the senator from South Carolina proposed gambling legislation that was written by a lobbyist for casino billionaire Sheldon Adelson, who was raising money for Graham’s reelection in South Carolina — where two-thirds of Republican primary voters identify as evangelical or born-again Christians. The Southern Baptist Convention, through its resolutions, has condemned gambling as “immoral,” “harmful,” and “devastating.” In the words of a 1996 resolution, the SBC has “frequently stated its opposition to the gambling industry.” So, naturally, a reporter asked Graham about this Adelson-crafted bill. “I would say that…

Online gambling and consumer protection in the EU

EU Observer – In the coming weeks, the European Commission is expected to unveil its recommendations on consumer protection and advertising for online gambling. These recommendations are foreseen in the European Commission’s Action Plan for online gambling which was published in October 2012. Later this year, another recommendation on betting-related match-fixing is expected. As it is generally the case in consumer goods and services sectors, the industry’s expectations regarding such recommendations are high. Member States share the common objective of protecting consumers. However, the many gambling reforms at national level have yielded different results. Through its recommendations, the European Commission…

Online gambling “top towns” within hour’s drive of Atlantic City

Press of Atlantic City – Three of the five municipalities where people are spending the most time logged on to some Internet gambling websites are within an hour’s drive of Atlantic City, but operators say these gamblers are not the same clientele who frequent the resort’s casinos. As Internet gambling continues in New Jersey, operators are trying to learn more about where their gamblers are coming from and what can be done to access untapped markets. Caesars Interactive Entertainment, which has captured a 31 percent of the state’s online gambling market since its November launch, is seeing more log-in time…

Wisconsin Man Asks Obama to Make Internet Gambling Illegal

People want internet gambling, and the NCAA basketball tournament drives billions of illegal gambling dollars. But a Wisconsin man is trying to combat gambling addiction before it’s too late. “Don’t gamble,” said Robert McGuigan, a simply message he’s been preaching since 2006. “I had no idea gambling was even an addiction.” McGuigan’s son, Jason, was a known gambler. He was murdered inside his Verona home in 2003. The killer, Mark Wu, was upset he didn’t win $17,000 on a bet Jason never placed for him. Three years later, Robert turned his agony into action. “It was like a light bulb…

Chinese Company Acquires 28% of South Korean Online Gambling Firm

China’s biggest listed internet company, Tencent, has announced that it is to acquire a 28% stake in South Korean online gambling and mobile gaming firm CJ Games for $500 million (€363.2 million). Under the agreement, Tencent said that it would acquire a mixture of existing and newly issued common stock, making it the third-largest investor in CJ Games after Bang JH and CJ E&M Corp. The Chinese company said the deal would allow it to expand its online and mobile gaming business and grow its presence overseas. In addition, CJ Games will be able to establish a foothold in the…