Online Casino News

Online gamblers in the United States are keeping a close watch on federal regulations regarding banking and money reporting.  First, let’s look at existing regulations.  Banks and financial institutions are currently required to report any international transfer of funds that go over $10,000. This law has been in effect for a number of years so [...]

Tags: gambling regulations, online casino deposits, UIGEA

In a decision that’s being seen as somewhat controversial, the United States has seized 13 million in payment processing money from two online gaming payment companies who they have charged with money laundering.  The companies are both run by Ahmad Khawaja and the 13 million in funds taken represents a small portion of the money [...]

Tags: illegal gambling, money laundering, online casino, online gambling, UIGEA

Online Poker is as bad as crack cocaine according to Republican Spencer Bachus (who is apparently nowhere near as fun loving as the Roman god he’s named after).  But this is the attitude Barney Frank faces as he tries to overturn the Unlawful Internet Gambling Enforcement Act.  But as I’ve written about in previous posts, [...]

Tags: Barney Frank, hr 2267, online gambling regulation, UIGEA

Those following the news around the Unlawful Internet Gambling Enforcement Act (UIGEA) know that Democrat Barney Frank has been working to overturn the bill and put legislation in place that will allow regulated online gambling in the United States.  But Frank’s progress on overturning the UIGEA has come in stops and starts, partly because there [...]

Tags: Barney Frank, gambling legislation, online casinos, UIGEA

We’re about to see a the Unlawful Internet Gambling Enforcement Act (UIGEA) in action and the United States Department of Justice prosecutes Todd Lyons from Beverly, Massachusetts with the crimes of racketeering, filing false tax returns, operating an illegal gambling operations, interstate travel in aid of racketeering. And a laundry list of other charges, including [...]

Tags: Lyons, UIGEA