EGamingPulse

Sunday, July 23. 2006

Ex-finance boss sues gambling firm at centre of FBI inquiry

The former chief financial officer of Betonsports, the internet gambling firm at the centre of an FBI investigation, is claiming the firm owes him over £100,000 in unpaid fees and share options .

Richard Ainsworth-Morris was chief financial officer at the Costa Rica-based firm for ...

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Costa Rican sports books could cut off US gamblers

Online sports betting firms employing thousands of Costa Ricans could turn away U.S. gamblers after the arrest in Texas this week of a leading industry executive, but for now it remains business as usual.

A crusade by U.S. prosecutors against the $12 billion a year Internet ...

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All bets are off for online gambling

It's not as if the warning signs weren't there. Laws were already in place and loopholes were being closed; Wall Street lawyers were advising clients not to get involved; and listing prospectuses spelt out the risks. So if you didn't know that online gambling in the US was at best a grey area ...

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Online gambling ban could prove worthless

House members know the legislation is all show and no substance

Congress says it wants to discourage gambling addiction, prevent young people from sinking in gambling debt and shut down sleazy off-shore gambling operations.

What great goals! Unfortunately, ...

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Investors may sue over BetonSports

THE odds were never good. The health warnings could hardly have been more stark. Yet when a series of online gaming companies came to the stock market, tens of thousands of punters piled into the shares. But last week the whole house of cards came tumbling down.

More than £2.3bn ...

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Nevada gaming regulators need to get tough, in a hurry.

The state's Gaming Control Board takes great pride in being strict enforcers of the rules that govern Nevada gambling.

And they are - for the most part.

But the meteoric growth of the poker business has blinded the gaming industry's cops, and they seem unable to deal with ...

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