Internet Gambling

News, Articles, Videos and other content about Internet Gambling

Horse Caucus Wants Pari-Mutuel Industry Protected

The Congressional Horse Caucus, now more than 60 members strong, said it supports efforts to stop illegal Internet gambling but said any proposed legislation must be clarified to protect legal pari-mutuel account wagering and simulcasting.

Internet Gambling Ban Resurfaces on Capitol Hill

The pari-mutuel industry, which has hired legal specialists to deal with the ramifications of a recent World Trade Organization ruling, must now deal with the reincarnation of legislation to effectively ban Internet gambling by making financial transactions illegal.

Trade Ruling Questions Horse Racing Act

A World Trade Organization report released April 7 upholds the position of the United States to protect itself from illegal Internet gambling but also calls into question the fairness of the Interstate Horseracing Act.

Illegal Internet Gambling Focus of National Legislative Council

  • News

Issues related to the loss of tax dollars from Internet wagering will come into focus when state legislators from across the country meet in Las Vegas to focus on public policy questions related to Internet, casino, and other forms of gaming. The occasion will be the 2004 Winter Meeting of the National Council of Legislators from Gaming States (NCLGS) at Harrah's Las Vegas on the January 9-11 weekend.

House Delays Vote on Internet Gambling Bill

The House of Representatives Tuesday tabled its scheduled vote on the latest version of the Unlawful Internet Gambling Funding Prohibition Act, which included an exemption for horse racing and other state-regulated gambling activities.

NTRA: Legislation 'Fundamentally Flawed and Unfair'

  • News

The National Thoroughbred Racing Association, in a statement released June 21, said the reworked "Combatting Illegal Gambling Reform and Modernization Act" is "fundamentally flawed and unfair," and it also said it plans to discuss the ramifications of a move by Citibank to ban use of credit cards for online wagering.

House Committee's Vote Termed 'Anti-Gambling'

  • News

The "Combating Illegal Gambling Reform and Modernization Act" cleared the House Judiciary Committee June 18 after removal of provisions that permit states to legalize interstate wagering and the horseracing industry to continue business legal under the Interstate Horseracing Act.

Credit Card Company: Online Wagers to be Blocked

Citibank, the nation's largest credit card company, is beginning a new system to block customers from using their plastic to make online wagers, New York attorney general Eliot Spitzer said June 14. The impact on companies that offer pari-mutuel wagering remains to be seen.

Internet Gambling Bill Still Awaits Committee Action

The "Combating Illegal Gambling Reform and Modernization Act" failed to come up for discussion by the House Judiciary Committee June 6 because the committee failed to meet. The measure, sponsored by Virginia Rep. Bob Goodlatte of Virginia, could be on the table for "mark up" again the week of June 10.

AGA Endorses Gambling-Reform Bill; Markup Continues

The American Gaming Association has endorsed the "Combating Illegal Gambling Reform and Modernization Act" because its sponsor, Rep. Bob Goodlatte of Virginia, made changes at the organization's request.

Internet Gambling Bill on Table Again

On Wednesday, the U. S. House Judiciary Committee is scheduled to discuss the "Combating Illegal Gambling Reform and Modernization Act," which has been targeted by at least one legislator who wants to eliminate provisions that protect interstate simulcasting and account wagering.

Horse Council Urgently Seeks Industry Response on Internet Bill

Interstate simulcasting and telephone and Internet wagering on horse races will come under attack again if U.S. Rep. Chris Cannon, a Republican from Utah, introduces an amendment that would remove horse racing provisions from an Internet gambling bill sponsored by Rep. Bob Goodlatte, a Republican from Virginia.

Slow Growth in North American Purses

The boom from simulcasting is over and North American purses are now growing progressively slower every year like a freight train struggling up a mountain pass. The problem this time around is that the next mountain peak may still be a ways off, and the downhill side does not appear to be very steep.

Legislation Targets Illegal Gambling

Congressman Robert Goodlatte on Thursday introduced the Combating Illegal Gambling Reform and Modernization Act, which he said is designed to crack down on the problem of illegal off-shore gambling. A release from Goodlatte's office said illegal off-shore gambling "sucks billions of dollars per year out of the U.S. economy, serves as a vehicle for money-laundering, undermines families, and threatens the ability of states to enact and enforce their own laws."

NTRA Executive Testifies Before House Committee

Greg Avioli, deputy commissioner of the National Thoroughbred Racing Association, is scheduled to testify before the House Finance Committee Thursday afternoon during an oversight hearing on Internet gambling. It is expected Avioli will offer his comments at about 3 p.m. EDT.

Internet Gambling Bill Passes Nevada Senate

Legislation to legalize Internet gambling passed the Nevada Senate on a 17-4 vote Monday and was sent to Gov. Kenny Guinn. The Associated Press reported that Internet gaming could be worth $6 billion to the state's casino industry by 2003.

Internet Funding Language Added to Betting Act

The Senate Commerce Committee has amended the Amateur Sports Integrity Act to include the Unlawful Internet Gambling Funding Bill. The American Horse Council reports it could adversely affect the pari-mutuel industry and its efforts to foster interactive wagering.

Internet Gaming Opponent Optimistic of Bill's Chances

A Republican Congressman who will re-introduce legislation to ban gambling over the Internet is optimistic of the bill's chances as a result of last fall's presidential election. Rep. Bob Goodlatte (R-VA) told the Las Vegas Review-Journal that he the legislation should get favorable treatment by the Bush administration.

Bill Targets Ways to 'Fund' Internet Gambling

Legislation that would prohibit use of credit or money transfers for Internet gambling has been introduced in the House of Representatives and referred to the Committee on Financial Services. At the very least, the measure could impact pari-mutuel operations that employ Internet wagering platforms. HR 556, titled the "Unlawful Internet Gambling Funding Prohibition Act," was sponsored by Republican Rep. James Leach of Iowa and filed Feb. 12. Leach introduced similar legislation last year, but it failed to gain support.

Authorities Target International Issues

Worldwide concerns over the pirating of racing signals and unauthorized Internet wagering in jurisdictions that don't return revenue to horse racing have prompted leaders of the International Federation of Horseracing Authorities to recommend formation of a new organization to deal with those and other challenges.

Gore Clarifies Position on Interstate Wagering

A spokesman for the Gore-Lieberman 2000 campaign in Kentucky issued a statement on Friday concerning Vice President Al Gore's position on interstate off-track wagering, which has been under attack from the Clinton White House's Justice Department.

Most Popular Stories