The Gambling Guru

Just because you are a casino doesnt mean you can offer online gaming too. Atleast not in the Great Old United States even if money doesnt change hands. Huh. Ok seriously that is like telling people they cant have their own facebook application.

A North County tribe is trying to woo gamblers to its Valley Center casino by offering games online.

But state gambling regulators said they haven’t determined whether the games are legal, and a gambling watchdog group said the games are not properly licensed.

The Pauma Band of Mission Indians launched a virtual casino on its Web site last month; it offers video slot machines, table games and card games.

The first of its kind in the region, the site allows customers to play games of chance at home for fun or for credits that can be redeemed at the tribe’s casino. The Pauma tribe partnered with GameLogic, a Boston-based firm, to provide the online system.

As long as no money changes hands, it’s perfectly legal, a gambling law professor said. Federal law prohibits online gambling.

“If you can’t lose, it’s not gambling,” said professor I. Nelson Rose, who specializes in gambling law at Whittier Law School in Costa Mesa.

But state gaming officials aren’t so sure.

A spokeswoman at the California attorney general’s office, which enforces gambling regulations, said state lawyers were not aware of Pauma’s online games.

The state said it is now looking at the Web site to see if the games violate the terms of a gambling agreement signed by gaming tribes and the state. Under that agreement, tribes are not allowed to offer gambling outside their reservations.

Companies that shovel mutual fund dollars into online gambling websites should be taken out and shot. Atleast thats my ridiculous opinion. Seriously though what was this company thinking? I mean really this is outrageous and has jail time written all over it.

American Century Cos. Inc. and its directors have been sued in San Francisco by a shareholder who alleges that the company invested in illegal online gambling companies that the federal government cracked down on in 2006.

The Kansas City-based mutual fund company’s alleged investments in various online gambling Web sites and the subsequent law enforcement action taken against those sites ruined the investments and caused shareholders to lose value on their shares in the American Century Ultra Fund, according to the complaint.

None of the illegal Web sites was named in the suit, but New York lawyer Thomas Sheridan, who represents the plaintiff, New York resident and American Century Ultra Fund investor Laura Seidl, said Thursday that one of the sites was Gibraltar-based Partygaming.com.

Online Gambling continues to take a hit with the economic slowdown. I just wonder if this will effect the porn industry too. oh probably not.

PartyGaming, once the largest online poker firm, has announced it will be laying off more than 100 employees in its Gibraltar office. Just two weeks ago, Bodog, another of the industry’s largest gaming companies let go of nearly 300 of its employees in North America. The cuts come at a time where both companies have had difficulties converting new customers and retaining existing one’s.

According to the Gibraltar Chronicle Friday PartyGaming confirmed a redundancy plan and has reportedly informed staff of a sixty day consultation to see what posts will be in the firing line.

The best of both worlds wont be merging yet. Although it hasnt passed complete judgement just yet.

The Nevada Gaming Control Board decided Friday to refer back to its investigative staff an application by a Las Vegas topless club to operate 15 slot machines.
The three Control Board members, meeting in Las Vegas, had been prepared to recommend a denial of the application because they didn’t believe the Topless Girls of Glitter Gulch club was a suitable location for gambling.
Granite Gaming Group operates the club and two small Fremont Street casinos.

Many folks believe gambling online is illegal largely because the media supports this misconception. What is illegal is the financing of online gambling by US financial institutions.

There are plenty of great online gambling institutions that allow online gambling all within our friendly borders.

A few of my favorites include:
Bodog
Poker Stars
Full Tilt Poker

Source: Poker News

Ohio has decided to allow Keno Gambling in bars and restaurants but all proceeds will go to the state and winnings will also be taxed by the state. Umm can we say hypocrisy….

Seriously this is moronic.

The state of Ohio has long been unfriendly to casino gambling – especially games of skill, such as electronic games, that would allow privately run casinos to turn a profit.

Now, in the latest turn of events, Ohio governor Ted Strickland has decided to allow keno gambling into the bars and restaurants of the state – but with an important twist: all profits from keno games will go to the state, not business owners. It is a move similar to the way state-run lotteries function, with the state government capturing all proceeds from ticket sales and taxing any winnings that result.