GamblingPurePlay Raises Funding for Legal U.S. Poker SiteAuthored by Mark Hefflinger on May 6, 2008 - 7:21am.
San Francisco - PurePlay, an online poker site that allows users to play for cash and claims to be compliant with U.S. laws, announced on Tuesday that it has raised a third round of venture capital, led by Bay Partners, with total funding to date now at $15 million. Antigua Threatens to OK Piracy if U.S. Ignores Gambling DisputeAuthored by Mark Hefflinger on March 19, 2008 - 10:57am.
Los Angeles - The government of Antigua is threatening to legalize piracy of U.S. music and movies -- with World Trade Organization approval -- should the U.S. fail to end a running dispute over the legality of Internet gambling, Variety reports. EU Investigating U.S. Crackdown on Internet GamblingAuthored by Mark Hefflinger on March 12, 2008 - 10:21am.
Social Betting Site Bragster Raises $3.5 MillionAuthored by Mark Hefflinger on February 13, 2008 - 8:42am.
London - Bragster, a social network "for dares and social bets," announced on Wednesday that it has closed a $3.5 million first round of venture capital financing, led by Intel Capital. U.K. Mobile Gambling Service BetNow Raises FundsAuthored by Mark Hefflinger on January 3, 2008 - 7:12am.
London - BetNow, a U.K.-based developer of mobile gambling services, has raised an undisclosed sum in its first round of venture capital, led by Balderton Capital, PEHub.com reported. Microsoft, Google & Yahoo Settle Gambling Ad ChargesAuthored by Mark Hefflinger on December 20, 2007 - 7:18am.
EU Accepts U.S. Compensation Deal for Web GamblingAuthored by Mark Hefflinger on December 17, 2007 - 9:36am.
Lawmakers Seek Alteration of U.S. Ban on 'Net GamblingAuthored by Mark Hefflinger on November 20, 2007 - 9:47am.
Washington - In a letter to the U.S. Trade Representative sent on Monday, six lawmakers -- including House Financial Services Committee Chairman Barney Frank, and House Judiciary Committee Chairman John Conyers -- said the U.S. should consider altering its ban on Internet gambling instead of paying compensation to countries who say the U.S. is violating trade agreements, Reuters reported. Zone4Play, Two Way Media Form U.K. Interactive Betting JVAuthored by Mark Hefflinger on November 14, 2007 - 10:53am.
Wilmington, Del. - Zone4Play, a developer of Internet, TV and mobile games content, announced on Wednesday that it has formed a joint venture with interactive TV production company Two Way Media, to exploit opportunities in the U.K. gambling and entertainment market. Prize-based Sports Wagering Service PicksPal Raises $3 MillionAuthored by Mark Hefflinger on October 30, 2007 - 7:26am.
Mountain View, Calif. - PicksPal, a free, national online sports competition where users predict the winners of various games, has raised $3 million in its third round of venture capital financing, from Bay Partners and Canaan Partners, PEHub.com reported. U.S. 'Net Gambling Ban Exempts Some Payment FormsAuthored by Mark Hefflinger on October 2, 2007 - 10:38am.
Washington - U.S. banks will not be required to block payments by check from U.S. residents to online casinos as part of a new law that prohibits debit and credit cards' use in such transactions, according to new regulations proposed on Monday, Reuters reported. Gaming Industry Challenges U.S. 'Net Gambling Ban in CourtAuthored by Mark Hefflinger on September 27, 2007 - 9:23am.
Atlantic City, N.J. - Filters already exist to screen minors and compulsive gamblers from online casinos, so the U.S. ban on Internet gambling stifles business and is unconstitutional, a gaming industry trade group that it suing to have the Unlawful Internet Gambling Enforcement Act overturned argued in federal court on Wednesday, the Associated Press reported. ProTrade.com Brings Fantasy Sports to a New LevelAuthored by Scott Goldberg on September 6, 2007 - 5:33am.
Mike Kerns, Founder and CEO of ProTrade.com, appeared on CNBC today to discuss his company’s concept, one which combines gambling and fantasy sports in a traditional market model. For those with the gambler’s itch, a love for fantasy sports, and a basic understanding of economics, it’s a new level of game play sure to slice even more productive hours out of your work day. “ProTrade is a virtual market,” Kerns said. “So essentially it’s the next generation of the fantasy sports experience.” Unfortunately ProTrade does not allow, at this time, the use of actual greenbacks.
BlueBet Raises Funds for Virtual Currency Social Wagering SiteAuthored by Mark Hefflinger on August 22, 2007 - 10:37am.
San Francisco - BlueBet, a social wagering website where users bet on various topics using virtual currency, on Wednesday launched a public beta test of its service, and said it has received an undisclosed sum from backers including YouTube co-founder Jawed Karim, Xoom co-founder Kevin Hartz, Flixter co-founder Joe Greenstein and Slide vice president Keith Rabois. U.K. Bans Advertising From Offshore Online Gambling FirmsAuthored by Mark Hefflinger on August 9, 2007 - 3:59pm.
London - England has banned online gambling operations based offshore from advertising in the U.K., saying they do not impose stringent enough regulations, Reuters reported. Sites based in areas such as Costa Rica, Belize and the Netherlands Antilles, such as Betfred Casino, will no longer be able to place ads in U.K. papers, on television or online. "I make no apology for banning adverts for Web sites operating from places that don't meet our strict standards," U.K. Culture Media and Sport minister James Purnell told Reuters. Linden Lab Bans Online Gambling in "Second Life" Virtual WorldAuthored by dmw on July 26, 2007 - 4:03pm.
San Francisco - Linden Lab's online virtual world "Second Life" announced that it has banned its residents from participating in any forms of online gambling, several months after saying it would no longer accept any classified ads or event listings related to "simulated casino" activity. 'Net Gambling Payments Firm Neteller Settles With Justice Dept.Authored by Mark Hefflinger on July 20, 2007 - 11:41am.
New York - Neteller, a provider of online payment processing for about 85% of all gambling sites that was targeted by U.S. authorities for violating the country's online gambling ban, has agreed to forfeit $136 million as part of a plea deal with the U.S. Justice Dept., The Wall Street Journal reported. 'Net Gambling Trade Group Sues AG Gonzales, FTC Over U.S. BanAuthored by Mark Hefflinger on June 7, 2007 - 2:30pm.
Washington - A new trade group called the Interactive Media Entertainment & Gaming Association (iMEGA) this week filed suit against Attorney General Alberto Gonzales, the Federal Trade Commission (FTC) and Federal Reserve, seeking to halt enforcement of the Unlawful Internet Gambling Enforcement Act, The Gambling Newswire reported. tags: Policy | Gambling | FTC | Washington | WTO | UIGEA | Interactive Media Entertainment & Gaming Assn. |
Sona Mobile Gaming Approved by Nevada Gaming CommissionAuthored by Mark Hefflinger on May 18, 2007 - 3:41pm.
New York - Sona Mobile, a New York-based provider of software for gaming and entertainment applications, on Friday announced that it has received Nevada Gaming Commission approval, allowing the company to actively market and sell their products to gaming venues in the state of Nevada. Shares in Sona were trading up $0.04 at $0.52 on Friday, a gain of about 8%. Mobile Phone Gambling Developer Cometa Raises $1.9 MillionAuthored by Mark Hefflinger on May 14, 2007 - 11:17am.
Sheffield, England - Cometa Wireless Gaming Systems, a developer of mobile phone gambling technology, has raised $1.9 million in its first round of venture capital financing, led by fellow mobile phone gambling firm Mfusion. tags: Games | Deals | Mobile | VC | Gambling | Cellphones | Cometa Wireless Gaming Systems | Mfusion |
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