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Another Casino Invests in The Net

An anonymous land-based casino is utilising the skills of Boss Media to develop an Internet casino. The unnamed casino will become another name in the long list of land based companies who are opening gaming sites online when they finally reveal themselves.

The online casino is due to be opened in Autumn of this year and will be “designed to appeal to international players of many jurisdictions and cultures.”

“We are very pleased to announce this new contract in the market. We know that our new customer will penetrate new markets,” said Johan Sigvardsson, CEO and President of Boss Media. “Our new licensee has a lot of experience to bring to the online gaming market.”…

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8 Year-Old Girl Gives Lottery Win to Needy

“A miniature philanthropist in Mary Janes walked into the Port St. Lucie Police Department Wednesday, clutching a plastic change purse stuffed with $777 in cash.

”After winning the money from a Florida Lottery scratch-off ticket this month, 8-year-old Kelly Bateman decided she would give it all to Operation Blue Angels. It’s a police-affiliated group that buys toys, dinners and emergency supplies for needy families in Port St. Lucie.

”…The girl’s mother, Robyn Bateman, said her family buys 10 lottery tickets each Tuesday, two each for her, her husband and three children.

”…Florida lottery rules do not allow children under 18 to buy tickets, but they may collect their winnings through a parent or guardian if they receive the tickets as a gift.…

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Another Attempt to Ban Online Gambling

WASHINGTON, D.C. – Rep. Bob Goodlatte and Sen John Kyl appeared in Washington to propose a law that would ban online gambling outright.

Goodlatte (R-Va.) and Kyl (R-Ariz.) have been two of the industry’s leading foes, bringing similar legislation to the table several times over in recent years, but have yet to see any of their legislation passed.

However, that hasn’t prevented their crusade to restrict American residents from gambling on the Internet.

The pair were two witnesses which appeared before the House Financial Services subcommittee on financial institutions Tuesday.

Goodlatte said that the industry is unregulated, untaxed, illegal and offshore, and that legislation is needed to address the “problem.”

They were supporting Rep. Jim Leach, R-Iowa, and John LaFalce, D-N.Y., who previously suggested eliminating online casinos’ ability to collect bets through credit cards, or any other form of transfer. The group has joined forces and are presenting their bills as a “package deal”, in the hopes that a common presentation will be more readily accepted in Washington.

Credit card companies have attempted to block the use of cards at online casinos, but the industry has discovered ways around the ploy, by using masking services, such as PayPal and E-Cash. Using those services eliminates the casino’s name from the credit card statement and makes it appear to come from another retail source.…

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Analysts Cyber Casinos Alluring for Nevada

There won’t be any buffets and showgirls in cyber casinos. Nevertheless, gambling analysts predicted Wednesday that if Nevada casinos set up shop on the Web, they’ll not only draw players to the sites, but more visitors than ever will want to come to the old-fashioned ones, too.

“Internet gaming tends to be a very profitable business,” Marc Falcone, analyst for Bear Stearns, told the state gaming commission. “We think this is a big opportunity.”

Because of a recent bill approved by state lawmakers, the commission is trying to develop rules to let Nevada casino operators set up Web-based gambling sites.

Estimated revenues from Internet gambling reached $1.5 billion last year, but that’s a tiny amount compared to its potential. Sebastian Sinclair, gambling analyst for Christiansen Capital Advisors, estimated revenues could reach $10 billion by 2005.

Nevada obviously doesn’t want to be left out of that, but the legality of Internet gambling is holding casinos back.

The U.S. Justice Department has considered Internet gambling to be illegal from within the United States because of a 40-year-old federal law banning betting on the telephone.

Despite that, Nevada lawmakers believe the legalization of online betting is inevitable, especially if federal restrictions are changed by pending court challenges, including one in Louisiana.

But what would cyber casinos do to Nevada’s economy? Outgoing commission Chairman Brian Sandoval wanted to know if the Web would cannibalize land casinos.

Falcone was adamant that Web casinos would only help Nevada, much like book stores or clothing stores who sell both in brick-and-mortar locations and on the Web.…

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