Online Casino and Gambling News: February 2012

An article in The Independent newspaper this week quotes onshore gambling executives that say the government needs to tax offshore companies to make the business fair to all parties involved.

A Utah man has been named in a report by the Salt Lake Tribune, claiming that a court appointed receiver is accusing him of hiding $51.4 million in online poker payments.

Police in Malaysia raided five food shops on Monday after being informed that the shops were working as fronts for illegal online gambling organizations.

An Iowa State Senator has gotten his online poker bill through a senate subcommittee, fast tracking it to the next legislative level.

Online wagering software provider CTXM has signed an agreement with Asian casino operator Bet16 to provide online casino games.

Online betting exchange Betfair has announced that it will not be taking bets on the French Presidential election, this according to a report by PoliticalBetting.com.

A Canadian Federal Court of Appeal has ruled against a Toronto man who tried to write off his gambling losses, claiming the man was not a professional gambler and therefore cannot claim his losses.

Britain's land casino organization the National Casino Industry Forum has called for tax equality for land based casinos, noting that online casinos get a big break.

A record setting bingo jackpot was won at Jackpot Joy when a player won £510,049.26 on a 25p ticket.

The World Series of Poker Championship bracelet that was stolen from Jonathan Duhamel during a home invasion last year has been recovered in Montreal.