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Ohio bans Internet cafes

Ohio bans those dangerous dens of iniquity, Internet cafes | Ars Technica: " . . . "Internet cafes operate by selling Internet time or phone cards and in return offer free chances to win cash on computer games that often resemble slot machines," the newspaper explains. The cafes in Ohio mostly draw an older crowd, according to cafe owners. The cafes tried to get around casino regulations by saying they offered legal online "sweepstakes." Ohio courts have split on the issue of whether the cafes are offering legal sweepstakes games, or illegal gambling. There are only four legal casinos in Ohio, a state which authorized Las Vegas-style gambling just one year ago. . . ."

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Ultimate Poker legal online betting foray

Ultimate Poker's legal online betting foray could be a game changer in the U.S. - Yahoo! Sports: ". . .  if New Jersey wins a current lawsuit against the United States over the right to offer full-scale sports wagering, then that could blow it all open too, allowing players to legally bet via their smart phone from inside stadiums. You don’t have to live in Nevada or have any interest in playing online poker or even support any of this to acknowledge that this latest development feels like the start of something significant, the first days of a bold new future. “It’s been this crazy roller coaster,” Breitling said. “What we’ve already seen just with poker is that if people know the environment they are gambling in is safe and secure, they get more excited about doing it.” No more offshore companies pulling money out of the country? No more organized crime using sports bets to fund narcotics and human trafficking and who knows what else? This may have been just the start, but it’s a start toward progress. Jobs and taxes and a brand new day in America’s confusing relationship with gambling."

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PokerStars Online Gambling Bet on Return to US

PokerStars, Online Gambling Bet on Return to U.S. - WSJ.com: ". . . Along with Nevada, which approved online poker, and New Jersey and Delaware, where other casino gambling passed as well, four states have pending legislation. Despite objections from several camps about allowing more gambling into the home, most gambling officials and analysts say they believe the high-tech transition will only grow. . . About a dozen countries, including France, Spain and Italy, and many offshore jurisdictions, have set up systems for licensing online gambling. But most have not and some openly oppose Internet casinos. . . PokerStars, like other online firms, continues to draw Russian customers from other sites. Indeed, the company says the country is one of its largest markets, with 34,000 Russians enrolling in its annual Turbo championship this year. "We follow legal advice that offering our services doesn't violate Russian law," the company said. . . . The PokerStars conundrum only ups the ante, he says. "This whole question is, in effect, are we going to grant general amnesty," said Mr. Rose. "The trend is to forgive and forget.""

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Zynga gambles IPO cash will last until real-money gaming is legalized

Biz Break: Zynga layoffs may be gamble that IPO cash will last until real-money gaming is legalized - SiliconValley.com: "The San Francisco company is seen as the most ready of Silicon Valley companies to jump into the market for real-money gaming, which is beginning to gear up with bills in Nevada and New Jersey. Zynga applied for a license in Nevada at the end of last year and has begun operating gambling games in the United Kingdom, where such practices are legal. The need for gambling as a cure for Zynga's financial ills was already a topic of conversation when its last quarterly earnings disappointed analysts, with Sterne Agee & Leach analyst Arvind Bhatia telling Reuters then that "We continue to think that any hope for real growth for this nebulous company really depends on what it can do in real-money gaming." That theme continued Monday, when Macquarie Securities analyst Ben Schachter wrote in a note that "beyond some residual value of current franchises, much of Zynga's value is based on the potential for real-money gambling (which is still speculative and the timing uncertain)," along with hopes for big mobile breakthroughs."

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IRS hits Miccosukee Tribe with $170M bill

IRS hits Miccosukee Tribe with $170M bill - South Florida Business Journal: "The Internal Revenue Service has hit the Miccosukee Tribe with a $170 million bill for failing to withhold taxes from gambling profits given to members, according to The Miami Herald."

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