The Justice Department has launched a federal investigation, researching consumer bank fraud in regard to many banks and payment firms turning a blind eye to unauthorized transactions.
It goes without saying that consumers rely on banks and payment firms to put safeguards in place to identify illegally withdrawn funds. But in the case of payday lenders, online casinos, and gun dealers many banks are ignoring their safeguards for their own financial gain.
The investigation is titled “Operation Choke Point” and it comes in response to a high volume of complaints of bank fraud and funds begin withdrawn without permission, Pymnts.com reports.
Posted in Announcements, Legal, News, online gambling
When surfing the Internet, we all expect a certain level of anonymity. While we all know that our IP address can be recorded, as well as data gathered from web browsers, we all expect to have much of our personal information protected. In fact, there are many laws in place designed specifically for online consumer privacy. However, online gambling is changing internet privacy once and for all.
In order to offer online gambling, each state must ensure that their approved online gambling sites have built-in security features to ensure that gamblers are both of age, and from within the geographic boundaries of that particular state. While these protocols are essential and logical, it also means that more personal consumer information must be gathered by doing far more than typing an age or address into the appropriate on-screen fields.
Posted in Casino industry, Gaming industry news, Legal, News, Privacy
Nevada, Delaware, and New Jersey are all seeing a significant increase in their gambling revenue made possible by the addition of online gambling.
The additional revenue that online gambling has the potential to generate has many states such as California and Illinois weighing the pros and cons. But many believe that Pennsylvania may be next.
Even though not all states are generating the revenue they hoped for, all three states where online gambling is legal are now raking in millions in revenue. It is this impressive earnings potential that has Pennsylvania taking notice. Currently Pennsylvania is looking at being around $1 billion dollars short of their annual budget, so online gambling-related taxes could help to close the gap.
Posted in Legal, online gambling, Regulations
According to a report published Tuesday in The Hill, a coalition of libertarian groups has come forward to oppose efforts that would effectively ban online gambling at the federal level.
The coalition calls the controversial bill in question “an inappropriate and unnecessary use of federal powers that infringes on the rights of individuals and states.”
Last month, both Democratic and Republican lawmakers introduced bills in the U.S. House of Representatives and U.S. Senate that aim to kill an industry before it’s even born.
Posted in Casino industry, Gaming industry news, Legal, Mobile Gaming
One of the the giants in online and mobile gambling, SuperCasino, is stepping forward to voice strong opposition to lawmakers looking to ban online gambling at the federal level.
Not surprisingly, the company would like to see the nascent online gambling market in the U.S. continue to flourish.
Speaking against the National Conference of State Legislatures to a proposed nationwide online gambling ban, SuperCasino is making its case by arguing for states to determine their own destinies on this matter.
Posted in Gaming industry news, Legal, Regulations
As online gambling evolves into a thriving young industry (despite being a regulated legal activity in only three U.S. states today), educators are bracing for the legal impact that the more widespread adoption of online gambling could have on a diverse array of industries.
Consequently, individuals pursuing their law degree may soon find online gambling to be a part of their coursework.
According to a new report from BizJournals, Albany Law School is going to roll out a new academic concentration in “equine, racing and gaming law” this fall.
Posted in Gaming industry news, Legal
You can ban it, but that doesn’t mean you will stop it.
That’s the what James J. Murren, the CEO of MGM Resorts International, said Friday when discussing a potential federal ban on online gambling in the United States.
Murren appears to be among those who are of the mindset that gamblers will still find ways to gamble online illegally regardless of what Congress does.
Posted in Casino industry, Gaming industry news, Legal, online gambling
Both Democratic and Republican lawmakers introduced bills yesterday in the U.S. House of Representatives and U.S. Senate that aim to kill an industry before it’s even born.
Facing what could be an uphill battle in Congress, it isn’t clear if either bill stands a fighting chance of passage. Nonetheless, the fight will be had.
The measures are aimed at reversing a 2011 decision by Attorney General Eric Holder that a 1961 law used in recent years to curb Internet gaming only barred sports betting. The bills introduced Wednesday would broaden the prohibition to where it stood before Holder’s ruling.
Posted in Announcements, Legal, News, online gambling, Regulations
States across the U.S. are struggling to keep up with the rash of illegal gambling activity taking place at Internet cafes.
Countless establishments which have turned up everywhere from suburban strip malls to backwoods gas stations are engaging in illegal real-money gaming.
Known as Internet sweepstakes cafes, they sell time on computers that can have the look, sound and feel of slot and video poker machines, sometimes with cash payouts for winners.
Posted in Legal, News, online gambling, Regulations
What’s true in gambling is true in politics; there’s no such thing as a certain outcome.
Despite the burgeoning growth of regulated online gambling in the U.S. (particularly in the three markets of New Jersey, Delaware, and Nevada), some in Congress are still calling for a federal ban on all forms of online gambling. And we could see a bill banning said gaming up for consideration in the nation’s capitol this spring.
U.S. Rep. Jason Chaffetz, R-Utah, is preparing to introduce a bill that would restore a pre-2011 federal ban on gambling over the Internet, a spokeswoman confirmed Wednesday. It would join a similar bill to be sponsored in the Senate by GOP Sen. Lindsey Graham of South Carolina.
Posted in Legal, online gambling