Internet Gambling News
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Caesars Entertainment Corp., the largest owner of U.S. casinos, said it’s creating a venture that will raise as much as $1.2 billion to finance growth investments and bolster the parent company’s balance sheet.
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Full Tilt Poker founder Raymond Bitar, accused of using online player funds to finance his company in what prosecutors called a Ponzi scheme, pleaded guilty in the U.S. government probe of Internet gambling.
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Full Tilt Poker founder Raymond Bitar, accused of using online player funds to finance his company in what prosecutors called a Ponzi scheme, pleaded guilty and was sentenced to no prison time because he needs a heart transplant.
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Zynga Inc. rose the most in more than a year after unveiling two real-money games for adults in the U.K., pushing into online gambling to make up for slowing growth in other forms of social gaming on the Internet.
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The U.S. casino industry is opposing an effort by PokerStars, the biggest Internet gambling company, to buy an Atlantic City property as New Jersey prepares for online betting.
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A House committee yesterday approved legislation that would legalize some Internet gambling, allowing U.S. residents to place online wagers with companies the Treasury Department has licensed.
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When U.S. Representative Jim McDermott went looking for revenue to improve foster care for kids, he said he stumbled on what may turn out to be a jackpot: a tax on Internet gambling.
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New Jersey Governor Chris Christie, who vetoed Internet gambling in 2011, said he would be willing to allow a 10-year trial period of online betting to see if it helps Atlantic City casinos stem six years of declining revenue.
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New Jersey Governor Chris Christie, who vetoed Internet gambling in 2011, said he would be willing to allow a 10-year trial period of online betting to see if it helps Atlantic City casinos stem six years of declining revenue.
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Governor Chris Christie is betting New Jersey’s new online-gambling law will propel an 85 percent jump in casino-tax collections next fiscal year. He faces a skeptical group of analysts and lawmakers.
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