Online Casino and Gambling News: July 2010

UIGEA: HR2267 bill approved by House Financial Services Committee

Wednesday's delayed vote on Barney Frank's HR2267 bill seeking to legalise online gambling in the United States proved to be worth the wait, with members of the House Financial Services Committee voting it forward by 41 to 22 in a bipartisan approach. The vote was taken after a number of amendments were accepted.

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BCLC reports assessment of the PlayNow security breach completed

More information was released Wednesday on the security breach which closed down the British Columbia Lottery Corporation's first venture into online gambling. The Corporation advised interested parties that its investigation of the debacle had shown no culpability on the part of UK software provider Openbet, instead blaming the breach on an undetailed technical flaw on the PlayNow system.

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Cyprus prepares to ban online gambling

The confused status of online gambling in Cyprus could be clarified soon, with the government completing a draft law seeking to ban the pastime. Following government approval, the bill will now go forward for European Commission and domestic parliamentary debate.

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Playtech releases positive 2nd quarter trading update

Internet gambling software development group Playtech plc has released a trading update covering the three months ened June 30,2010. It reported significant increases in casino and bingo revenue.

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Kansas City online bookie pleads guilty

Another Kansas City man accused by a grand jury investigation of facilitating online gambling has pleaded guilty, admitted that he was a part of an internet gambling ring that processed $3.6 million in internet bets between 2006 and 2009.

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Privacy Commission intervenes in British Columbia PlayNow debacle

Two weeks on from the launch and almost immediate collapse of the British Columbia Lottery Corporation's first online gambling venture, the PlayNow website remains down as technicians work on security problems that exposed player accounts.

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NY times looks at the effect of European gambling liberalisation

With members of the House Financial Services Committee gathering in Washington DC Tuesday to mark-up Congressman Barney Frank's latest legislative proposal to legalise US online gambling, the New York Times carried a review of the pastime and the contrasting attitudes in America and Europe.

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Probability PLC reports bigger loss on back of decreased revenues

Probability plc, the UK-based mobile gambling technology provider, has reported widening losses for the year and lower net gaming revenue. Over the year ended March 31, pre-tax losses grew from £153,000 in the previous year to £755,000 currently, with net gaming revenue declining £300,000 to £4.7 million.

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World Cup punters received 32% worse odds by betting at State monopolies

A study commissioned by the Right2Bet anti-state gambling monopolies campaign has illustrated with shocking clarity that online gamblers were ill-served by such operators during the recent football World Cup. The numbers show that throughout football's most spectacular showcase European state betting monopolies offered their customers, on average, 32% worse odds than those available with private betting companies.

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Washington Times editorial calls for legalised online gaming in the U.S.A.

With Congressman Barney Frank's HR 2267 due for mark-up in the House Financial Services Committee today, an editorial in the Washington Times is particularly relevant as it discusses the implications of this attempt to legalise online gambling in the United States and overturn the controversial UIGEA.

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