Tribal Online Gambling Could Bring Economic Benefit

In North America, Tribal online gambling is being considered. After all, the online gambling industry is full of start up operations which are in some instances breaking new ground in the field of internet wagering. Now, Native American operators are secure in their traditional methods of offering punters the best there is. Canada has many Tribal Casinos which have recently been attempting quite successfully to offer an internet version of the usual casinos games and poker rooms. Bernard Shepherd who is the former Chief of the Wapi Muskwa Nation, is a well known personality in the establishment of Canadian Tribal…

Casino Mogul Goes On Huge Rant Against Online Gambling

From Business Insider Sheldon Adelson is the CEO of mega casino company Las Vegas Sands. You might think that his business would feel threatened if online gambling became legal, and gamblers no longer had to enter his physical casinos. Thus it’s no surprise that during an interview on BloombergTV, Adelson slammed online gambling as a toxic trainwreck. Of course, he doesn’t say he’s against online gambling because it will hurt his business. He says it’s all about society and the possibility that gamblers will get too hooked. “They are not getting wrong. I just had lunch with Steve Wynn. He…

New Jersey Online Gambling Deadline

New Jersey online gambling is not expected to start until around Thanksgiving, but Atlantic City’s 12 casinos must move fast to line up partners for their online operations. The State Gaming Enforcement Division has told the casinos they have until June 30 to arrange Internet gambling deals. The short time frame is intended to give state regulators time to examine the qualifications and backgrounds of the companies that want to partner with the casinos, particularly since several foreign companies are considered likely to join with Atlantic City casinos. One of them, Bwin.party, is based in Gibraltar and has inked a…

Online gambling could face constitutional questions in Ohio

Dan Gilbert is positioned to be a player in the emerging Internet gambling market, but a state constitutional amendment that he championed might make it hard for him to capitalize on the trend in Ohio. The unique 2009 amendment physically restricts casino gambling to parcels occupied by Gilbert’s Horseshoe casinos in Cleveland and Cincinnati and the Hollywood casinos that Penn National Gaming operates in Columbus and Toledo. Matthew Schuler, executive director of the Ohio Casino Control Commission, goes to conferences and hears regulators from other states openly wonder whether the amendment would prohibit online betting. Christy Prince, an attorney who…

$1.3 Million Cash Intercepted by RCMP Tied to Hells Angels Internet Gambling

From Gambling 911 David Baines of the Vancouver Sun reports that a backpack filled with $1.3 million cash intercepted by the RCMP enroute to Vancouver in February 2012 belonged to a Hells Angels linked Internet gambling operative. The monies were later returned to Erwin Speckert, though the RCMP continued to investigate him.  Speckert was later implicated in an alleged stock scheme by the B.C. Securities Commission. Baines writes: In February this year, they charged him with possessing the proceeds of crime, trafficking in the proceeds of crime, possession for the purpose of trafficking in proceeds of crime, and laundering the…

Internet gambling could leave Atlantic City in worse shape

From Courier Post Casinos will win with new gambling revenue. New Jersey will win with new tax revenue. Consumers will win with a new entertainment option that they can play from the comfort of a coffee shop or their own sofa. Everybody, it seems, is guaranteed to win. Except Atlantic City itself. New Jersey is rolling out legalized Internet gambling, betting that it will help casinos fend off fierce competition from neighboring states, bolster the state’s tax revenue and be a powerful economic engine once again. It is a chance, casinos say, for New Jersey to remain on the cutting…