777 Online Gambling

On Friday, May 30, 2008, Betsson will open the doors of its first betting shop in Sweden, marking a challenge to the Swedish gaming monopoly. The aim of Betsson’s new endeavour is to build closer rela…

Norway is going to ban online gambling by making illegal for Norwegian banks to make transfers to foreign gambling firms. Norwegian Culture Minister Trond Giske told that online gambling is already illegal under Norwegian Law. But this new law will force Norwegian banks. The minister always critics online gambling, he is always worried about the problem of online gambling. He told UK gaming analysts he’d like the ban to be introduced by the next spring….

The European Commission asked French government to modify its draft law on online gambling. French law prohibited all foreign online gaming activities on French market, and EU said that the draft law violated article 49 of the EU treaty about the free provision of services. So French government would have to modify its law until August,24. And now France is preparing to bow to pressure from Brussels and agree to a partial liberalisation of its state-run betting monopolies. Paris informed that it…

Neteller has agreed to forfeit $136 million and admit that it participated in promoting online gambling business.

The company also has agreed to return $94 million, which were held in the accounts of U.S. customers. The government says that nearly $5,1 billion in transactions were processed by the company in the first half of 2006 involved online gambling, and the most revenue was from US customers.

This deal was approved U.S. District Court in Manhattan by Judge Kevin P. Castel. According…

France and Sweden were asked by the European Commission (EC) to remove their gambling monopolies, which restrict foreign gambling companies to enter their market.

The EC has warned Sweden and France that they have 60 days that to open their gambling market for other countries and remove their monopolies. If they don’t do this they will be referred to the European Court of Justice.

The online gambling restrictions in France and Sweden are not compatible with Article 49 of the EC Trea…

It is known that Antigua and Barbuda is seeking compensation from USA for online gambling ban. Recently EU, Costa Rica, Japan and India joined Antigua and Barbuda and also started seeking the compensation and now from press resources we’ve known that Canada, Australia and Macau-China has already joined Antigua and Barbuda.

When the president of USA signed the bill that bans online gambling a lot of online gambling companies closed their services for US players and moved their offices t…

Costa Rica follows the European Union, Antigua and Barbuda, India and Japan in seeking the compensation for US online gambling ban.
Point-Spreads.com sources had a dinner meeting with Marco Vinicio Ruiz, the Costa Rican Minister of Commerce. At the meeting, Minister Ruiz indicated the letter would be sent to the WTO tomorrow.
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