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Archive for May, 2007

Frist Out as Possible World Bank Pres. — Was UIGEA a Cause?

Thursday, May 31st, 2007

The White House has announced that former U.S. Trade Representative and Goldman Sachs executive Robert Zoellick has been chosen to succeed Paul Wolfowitz as World Bank Group president, officially putting to rest speculation that former Senate majority leader Bill Frist might be tapped for the position. As late as last week, the Wall Street Journal was reporting Frist to be “among [the] favorites” to replace Wolfowitz, receiving “especially close scrutiny” from the Bush administration as a possib…

U.K. companies lobby for U.S. gambling regulation

Thursday, May 31st, 2007

Two U.K.-based companies have joined together to launch the Safe and Secure Internet Gambling Initiative and help push forward Rep. Barney Frank’s legislation to license and regulate online gambling in the United States rather than ban it.

Through the Safe and Secure Internet Gambling Initiative, the UC Group and Baker Tilly are trying to raise awareness for a regulated online gambling environment.
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U.K. Campaign to Support Frank’s IGREA Bill Announced

Wednesday, May 30th, 2007

Two U.K.-based companies, the UC Group and Baker Tilly Accountants, recently announced the Safe and Secure Internet Gambling Initiative. Besides promoting principles of safe, regulated online gambling, the initiative is also intended to provide information about — and marshal support for — the Internet Gambling Regulation and Enforcement Act of 2007 (H.R. 2046) introduced by Rep. Barney Frank (D-MA) on April 26th.

Both the UC Group, a London-based internet payment processing company, and Ba…

Online Casino Software Provider Relocates to Emerald Isle

Wednesday, May 30th, 2007

According to reports in the Irish Times shareholders in gambling software provider CryptoLogic has cleared the path for the company’s relocation to the Republic of Ireland.

CryptoLogic is making moves to base its corporate headquarters in Dublin from its current location in Toronto, Canada and is expected to complete the change of address in early June.
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Wild Jack Casino Hits Another Milestone With Its 50th Video Poker Game

Wednesday, May 30th, 2007

Wild Jack Casino , a member of the Jackpot Factory Group and the online casino arm of Wild Jack Gaming, on May,30 announced the launch of its monumental 50th video poker game, and as fate would have…

Online gambling growing rapidly in SA

Wednesday, May 30th, 2007

Online gambling makes up a small share of all gambling in SA, but its use is growing rapidly and the potential for hazard is great. ‘It has the potential to become the most risky form of gambling,’ said Peter Collins, the executive director of the National Responsible Gambling Programme (NRGP).

The NRGP is a public-private sector partnership involved in research, monitoring, education and counselling around problem gambling. The Cape Times says that online gambling holds a high potential for …

World Trade Organization Weakened by Internet Gambling Case

Wednesday, May 30th, 2007

The office of the United States Trade Representative (USTR) has succeeded in increasing distrust in the US administration at a time when such distrust is already high in many parts of the world.

Several World Trade Organisation (WTO) Panels had found for Antigua & Barbuda, a small Caribbean island, that the US had made commitments on Internet gambling in its services schedule under the General Agreement on Trade in Services (GATS).
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