Online Casino and Gambling News: November 2010

Stalemate for UK horseracing levy scheme

Secretary of State at the Department of Culture, Media and Sport, Jeremy Hunt, will now have to intervene and determine the 50th Levy scheme, which will run from April 1, 2011 to March 31, 2012, after bookmakers and the horseracing industry failed to reach an agreement by the Sunday 31 October 2010 midnight deadline.

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Federal prosecutors target UltimateBet payment processor

The epicentre for US online gambling payment processing prosecutions shifted this week from the east coast of the US to Washington State, already infamous for its draconian anti-internet gambling laws. The publication Seattle PI reports that Federal prosecutors in Seattle have moved to seize $553,000 from a Canadian company they say is facilitating payments to online poker players.

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Sports bettor in court for defrauding Bank of Montreal

A Canadian internet sports betting high roller had his day in court this week when he was arraigned on charges of defrauding the Bank of Montreal of CDN $600,000. Stewart Goldstein admitted to defrauding the bank in a complex shares and deposits scheme, but claimed he was merely the fall guy for an organised crime ring which held heavy betting losses over his head as a threat.

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