Online Gambling

Second Online Gambling Executive Arrested by U.S. Authorities

Authored by Mark Hefflinger on September 8, 2006 - 2:17pm.
New York - U.S. authorities have arrested an executive from another overseas online gambling company, this time targeting the chairman of U.K.-based Sportingbet, Peter Dicks, Reuters reported. Dicks was arrested in New York on Thursday and charged with using a computer to gamble, as part of an investigation by authorities in Louisiana.

Report: U.K. Accounts for 80% of All Online Gambling in Europe

Authored by Mark Hefflinger on January 28, 2005 - 5:17am.
London -- About 80% of the total online gambling market in Europe is generated in the U.K., according to a new survey conducted by uSwitch.com. "Increased access to the Internet at home means that you can now partake in activities and pastimes that you would traditionally have to leave the comfort of your home for," said uSwitch director Jon Miller. More 18 to 29 year-olds gambled online than any other age group, accounting for 14% of the 3.9 million households that have used the Internet for gambling. uSwitch also found that British women, which account for as much as 40% of the local market, are far more likely to gamble online than women on the Continent, which account for just 5% of the European market.

AMEX, Citigroup Block Online Gambling Payments in U.K.

Authored by Mark Hefflinger on October 19, 2004 - 9:25am.
London -- Citing concerns over fraud and high consumer debts, credit card providers American Express and Citigroup have taken steps to prevent U.K. cardholders from using their cards to open accounts at online casinos, the Financial Times reported. Both card companies and their rivals have blocked U.S. cardholders from using their cards to gamble on overseas online sites, as online gambling is illegal in the U.S. "We implemented this rule in the U.S. two years ago but did not have the right systems to do it in the U.K. until last month," a Citigroup spokesperson told FT. The U.K. is currently examining whether it should update its laws regarding gambling, in part to account for new technologies such as the Internet.