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CNN – Gambling online? You bet!

The prosecutors’ focus on sports bets appears to stem from legal precedent in the law they relied on. “Since there are no controls at present regarding Internet wagering, I would urge investors to shun these firms at present,” he says. “And it is possible that records could be subpoenaed of various banks where these companies maintain accounts.”

Finally, the DoJ believes that any federal law must recognize that the Internet is different from other communications media: It’s a multifaceted communications medium that allows for both point-to-point transmission between two parties (like the telephone), as well as the widespread dissemination of information to a vast audience (like a newspaper).

But a hard-core base will continue to turn to Internet betting for its clear advantages. But they say the more bettors, the better. (The company’s Indian casino and Web-development divisions make more.) “This is the really exciting point, because I know where it goes from here,” Speer said in an interview. The defendants, many of whom live abroad, were threatened with up to five years in prison and $250,000 fines. (The company did not respond to repeated requests for an interview.)

Group calls for regulation of Net gambling

For years, another barrier to the growth of Internet gambling has been strong opposition from those most threatened by gambling sites: legal American casinos. attorney for the Southern District of New York, indicted 14 managers of six Internet companies for offering gambling on their sites. attorney’s case involved the casinos’ sportsbooks. If an activity is prohibited in the physical world but not on the Internet, the Internet becomes a safe haven for that criminal activity. Would-be wagerers open an account with a credit card, although some sites also accept cash and cashier’s checks.

If such gamblers are not satisfied by options available to U.S. A Ninemsn spokesperson says that the site does not now offer online gambling and would not comment on future plans. But following a 1997 indictment, the state of Missouri settled a suit against the company and its president, Michael Simone, for about $35,000. For one thing, gambling from one’s home allows for a variety of techniques that would get one tossed out of a regular casino. The minimum amount to begin an account varies. Bets generally range from $1 to as much as $300. So how is it that these companies appear to operate legally, but a dozen Caribbean cowboys found themselves under felony indictment?

First, legislation should treat physical activity and cyberactivity in the same way. The Justice Department doesn’t think that online casinos (including those that offer gambling on sports events) can legally conduct business in the United States, even if they are based in places where gambling is legal. In most cases, this means operating out of Australia. Legislators have considered enlisting Internet service providers to patrol for undesirable sites, although Internet gambling insiders consider that proposal dead on arrival. Even the firms that have enjoyed some stock-price popularity – such as Youbet.com – have shaky fundamentals. Why should it be legal to bet online on a horse race in another state, but not legal to bet on a basketball game in one’s own state? If Native American tribes can establish new, legal, physical places where adults can gamble, why shouldn’t someone be able to do the same in cyberspace?

Is Microsoft betting too?

The potential action is too compelling for even the largest tech tycoons to resist. Failure to account for that specificity in legislation could stifle the Internet’s growth or chill its use as a communications tool.

Running an online casino carries all the usual challenges of Internet businesses, from low click-through rates to servers that fail. But the travails associated with fending off lawsuits have essentially put the company out of business. Blackjack players can very easily count cards, or even consult odds charts; the Kennyrogerscasino.com site actually has a printable chart showing the best strategy for every possible hand of blackjack. Even the precise number of online casinos is hard to calculate. “Ultimately, Internet gambling operators are selling a product. One of Microsoft (MSFT)’s less-publicized adventures is Ninemsn, an Australia-based Internet service to which Bill Gates has pledged tens of millions of dollars.

One major barrier to profitability is the law. Casino games are available on a site or via downloadable software.

But the growing acceptance of online betting and the Internet’s inherent ability to shatter jurisdictions bring the inconsistencies of American gaming law to a boil. Passed during the term of crime-fighter Attorney General Robert Kennedy, the law was intended to outlaw betting over telephone lines. Aruba, for one, is refusing to extradite any indicted individuals to the U.S., and thus far the U.S.

But over the last several months, at least some traditional casinos have pursued the time-honored strategy of joining an Internet gambling trend that they can’t beat. 474, introduced into the Senate by Arizona’s John Kyl in 1997 as the Internet Gambling Prohibition Act. In November 1998, for example, a division of Hilton Hotels acquired the company that runs Centrebet, a Web and telephone sports-wagering system based in Australia (www.centrebet.com.au).

The amount spent on Internet gambling is harder to calculate. Like the Communications Act passed in the 1930s, technology has now leapfrogged the law. (However, an HBO sports program attempted to locate one of these ventures in Aruba, and ultimately found that the genuine server was in a residential neighborhood in Bethlehem, Pa.) And the Caribbean nations would like to keep their haven status. has had little cooperation from any other nation. Tony Cabot, an attorney specializing in gaming issues, says flatly, “When you see Kerry Packer get together with Microsoft, you have to believe there is a future for this type of wagering.”

It’s not because they operate in any fundamentally different way. About 2,000 years later, Bugsy Siegel took the concept a step further and built the Flamingo Hotel in the desert town of Las Vegas. Her higher-ups in the Justice Department appear to agree. … The Standard obtained a Department of Justice analysis of the bill S. That may suggest that, as some legal observers have argued, the 1961 federal Wire Act is too old and too loosely written to prohibit online gambling.

But even if Congress comes up with the best-crafted legislation in history, there are significant factors beyond its control.

Prosecutors focus on sports betting

Intriguingly, though, all the bets that make up the U.S. Anyone over the age of 18 can set up an account with Centrebet and place money on a variety of worldwide sporting events, including U.S. At one point, Interactive Gaming looked like it could be an industry leader. Inland, for example, operates two Web sites in addition to the one bearing Kenny Rogers’ likeness: Casinoaustralia.com and Goodluckclub.com. attorney’s office theoretically operate out of the Caribbean. Says Opel, “Bringing in the big names and established companies only adds credibility and visibility to what we’re already doing.”

Is it legal?

A few hurdles have to be cleared before such ventures can take off – beginning with the federal government. Their case is based on the 1961 Wire Act. Says Sinclair of Christiansen/Cummings: “You are going to feel more comfortable wagering with a Hilton than you will with Joe’s Casino.”

Second, legislation should be technology-neutral. I’ve not had problems being paid.”

Although it uses a CryptoLogic template similar to several other online casinos, Kennyrogerscasino.com may be unique in letting bettors wager as little as a penny at a time. In 1997, published reports put the total number of operating online casinos at 15. He claims Inland’s Internet gambling business went slightly into the black in March, on annualized revenues of about $1 million. But as more and more traditional firms become involved, the consumer will look for the brand name. “I wager on football games and usually bet in the neighborhood of $1,000 every weekend. In a highly publicized March 1998 “raid,” Mary Jo White, the U.S. White’s hesitancy suggests that the law may not be as solid as she thought when she indicted. “We get daily reports, and you’ll see these people who spend a couple of hours gambling, and the total amount they bet is like $1.81,” says Thomas Holmes, Inland’s head of technology. One Australian state, Queensland, is already awarding licenses for online gambling, and others may follow soon. That makes for an Internet gambling environment too porous for U.S law enforcement to plug. That figure exaggerates the size of the Internet gambling sector, since some companies operate more than one online betting parlor. Kyl introduced a revised version earlier this year, removing some of the more onerous and hard-to-enforce provisions. The Internet is presently unregulated and we support a federal law regulating Internet gambling.”

The office of U.S. Today, a roster on one “gambling portal” site lists well over 200.

Internet Gambling Worldwide, Past and Future

Today, Americans spend some $600 billion a year on legal gambling, making it by far the favored national pastime. Estimates range from $650 million to $1 billion a year, worldwide – a tiny fraction of the amount spent on more traditional formats. Justice believes that any legislation addressing criminal misuse of computers or computer systems (including the Internet) should have three vital characteristics. to gain access to offshore sites,” says Sebastian Sinclair of Christiansen/Cummings. For decades, Vegas was about the only legal option for gamblers. As Timothy L. The Wire Act obviously has no mention of wagering over the Internet. They almost always include slots, blackjack and video poker, but many sites carry more exotic games, from baccarat to pai gow. Nor would it prohibit online fantasy sports leagues, online lotteries in states where they are legal, or online betting on any live horse race where it would otherwise be lawful to wager. In 1998, the Senate passed, by a large margin, an amendment prohibiting Internet gambling, but that bill died before becoming law. His equal partner is Australian tycoon Kerry Packer of the Crown Casino in Victoria. “I use the service because it’s convenient and I have access to it when I want,” says one online gambler.

All the sites indicted by the U.S. And for sports bettors – who make up a majority of online gamblers, according to industry insiders – the ease of using cyberbookies can’t be beat. The vast majority of customers will satisfy their demand for commercial gambling through less onerous and risky alternatives, such as lotteries, bingo, pari-mutuels and casinos.”

That partnership leads many observers to believe that an online casino – using Microsoft platforms, of course – is in the works.

Similarly, the Las Vegas-based public company American Wagering, owner of Leroy’s Horse and Sports Place in Nevada, also operates a sports gambling site located in Canberra called MegaSports (www.megasports.com.au). Packer is a man with a voracious gambling appetite.

You might think that the prospect of competing against the likes of Microsoft would terrify a $20 million company like Inland. The American Gaming Association, a trade group of gaming firms, maintains this view regarding online wagering: “The industry has been state-regulated and we think it should remain that way.

Does the seeming invincibility of online gambling make it an enticing business? Jason Ader of Bear Stearns, urges caution. O’Brien observes in Bad Bet, his comprehensive account of America’s gambling industry, “Judging by dollars spent, gambling is now more popular in America than baseball, the movies and Disneyland combined.”

More than a year later, however, no cases have come to trial, and nine defendants have accepted plea bargains for state misdemeanor charges with no jail time.

The original version of Kyl’s bill failed most of these tests. Almost all online gambling sites work the same. “The telephone is being used to facilitate these wagers and I believe the government has a solid case,” explains Tony Cabot, a Las Vegas-based gaming lawyer and author of a book on Internet gaming. If, on the other hand, an activity is in the physical world – betting on horses, or casino betting with Indian tribes – it becomes subject to federal criminal sanction when it occurs in cyberspace.

Gambling is as at least as old as Christianity (that is, if Ben Hur can be trusted). In the ’70s, Atlantic City legalized casino gambling; in the ensuing decades, state lotteries, Indian casinos, gaming ships, offtrack betting parlors and card clubs have sprouted across the landscape. “Federal legislation will make it difficult but not impossible for Internet gamblers in the U.S. college and professional sports.

Take Interactive Gaming and Communications, another publicly traded company, located in Blue Bell, Pa. But according to Inland CEO Don Speer, elusive profits need not be one of them. citizens, it will be increasingly tempting for them to turn to locations abroad. Attorney White has proceeded slowly and quietly. In January, MegaSports began taking Internet bets from Australians; it expects soon to allow global gambling on sporting events.

Nonetheless, some experts think the case could be made to stick. Together, these sites have about 4,300 registered customers in 96 countries around the world. Legislation tied to a particular technology may quickly become obsolete and require further amendment. FBI agents placed bets on games – uniformly National Football League matches, although many other options are available – and followed up, whether they won or lost. According to an analysis by Sue Schieder of Rolling Good Times, the online gambling magazine, the new legislation would not punish the casual bettor. . “Think about what would happen to Wal-Mart (WMT), General Motors or Microsoft if these companies had to continue to dodge federal roadblocks to access their customers,” says Sebastian Sinclair, senior associate at Christiansen/Cummings Associates, a management consulting firm

As PCs decline, Microsoft betting its future on the cloud

But Microsoft’s “Intelligent Cloud” division — which includes Azure and some software that customers use in their own data centers — reported revenue of $6.7 billion, up 7 percent from a year earlier. — has long been the host for an outsized share of online software and computing services.

For Microsoft, meanwhile, cloud computing has been the company’s biggest source of growth in recent quarters. Analysts say the timetable was probably slowed by a continued slump in global PC demand, as well as Microsoft’s failure to persuade consumers to buy Windows-based phones.

Amazon pioneered the cloud business almost 10 years ago, when the online retailer began renting out unused capacity on its own servers. The competition could mean lower prices and more innovation, both for businesses that buy cloud-computing services and for consumers who use popular apps — from Netflix to Pinterest and Airbnb — that run in the cloud.

As evidence the investment is paying off, Microsoft Corp.

“Some companies will want to work with multiple cloud providers, so if anything goes wrong, they have redundancy,” said Frank Gillett, a tech analyst with Forrester Research.

Microsoft CEO Satya Nadella wants to change that.

In a rare concession, Microsoft signaled last week that it was backing off its stated goal of getting Windows 10 on a billion devices by 2018. That helped boost Microsoft’s overall sales to $22.6 billion, after adjusting for deferred revenue, for an overall increase of 2 percent.

If Amazon has been the undisputed king of the cloud, analysts say Microsoft, Google and a few other tech giants are emerging as rivals. reported Tuesday that its Azure cloud-computing business more than doubled in sales last quarter, compared with a year earlier. But cloud computing is “the area that offers the highest potential for the entire company to grow its way out of a very mature PC business,” said Dan Morgan, senior portfolio manager at Synovus Trust, which holds Microsoft shares.

Results from Microsoft’s latest quarter underscored that trend. Estimates vary, depending on how you define “cloud computing,” but analysts at Synergy Research Group say Amazon still has more than 30 percent of the market, while Microsoft has grown to 10 percent — partly on the strength of Microsoft’s promise that its cloud services are compatible with Microsoft software that customers already have on their own computers.

For consumers, competition in the cloud-computing industry could mean their favorite social media site or streaming entertainment app doesn’t depend on a single company to keep its service running. The company doesn’t disclose revenue for its Azure cloud computing service by itself. The latter includes licensing fees that PC makers pay for Windows software, which saw an uncharacteristic increase, offset by declining revenue from smartphones and Xbox consoles.

Nadella has poured billions of dollars into building new data centers around the world, hoping to position Microsoft as the leading alternative to Amazon in selling online computing power — housed in remote centers or “clouds” — to internet startups and big corporations, as well as consumers.

IBM and Google have 7 and 5 percent, respectively. But Nadella has positioned Windows 10 as part of a broader software ecosystem that includes money-making online services like Skype and the ad-supported Bing search engine.

Some investors worry the cloud business isn’t as profitable as selling traditional software, since the latter didn’t require massive spending on data centers. But sales from the “More Personal Computing” segment fell 4 percent. That growth, combined with increases in revenue from Windows software licenses and other key segments, helped offset a big decline in revenue from the Nokia smartphone business that Microsoft largely shut down last year.

Revenue from the division that includes Microsoft’s Office productivity software was up 5 percent. Like Microsoft, IBM reported this week that its cloud revenues increased in the last quarter, despite a broader decline in its traditional software business.. Increasingly, that’s also true for big companies like General Electric and Boeing, which provide online data and other services for their commercial customers, and which recently signed deals to move some of those services to Microsoft’s cloud.

SAN FRANCISCO (AP) — In a world where there’s a smartphone app for everything, one company __ Amazon.com Inc. It’s helped drive up Microsoft’s stock price by 15 percent over the last year, despite sluggish sales of PC software and the near-collapse of its floundering smartphone business. The company’s stock was up about 4 percent in after-hours trading Tuesday following the earnings report.

Microsoft still relies heavily on the PC business, and it’s been aggressively promoting Windows 10, the latest version of its operating software for PCs and other devices

New gambling record: Betting on outcome of Brexit vote

That’s reflected in financial markets, where stocks and the British pound are relatively buoyant one day before the big event.

Betting is his way to get in on the drama because as a foreign citizen from China he will not have a right to vote. While the polls show this week’s vote is too close to call, bookies like Betfair are giving the “remain” side a 76 percent probability of winning. The industry is expecting 100 million pounds, or nearly $150 million, to be wagered by the time the result is known in the early hours of Friday.

LONDON — As if the stakes were not high enough in Britain’s nail-biting vote this week, people are betting record amounts of money on its outcome.

Betfair, bookmakers Ladbrokes and Paddy Power and the Betting Research Unit at Nottingham Business School all estimate that the total value of bets on the vote placed in Britain will reach, and likely exceed, 100 million pounds.

“If we are going to remain in the E.U., at least I will take compensation,” said Jones, who expects to get 3,000 pounds back in profit in such an event. Ladbrokes has seen a tenfold increase in recent years.

E.U. He was back in the betting shop this week to place additional wagers on behalf of three American friends.

Betting on political events used to be a niche area in the gambling industry but has become more widespread, particularly in Britain. Polls suggest it is too close to call, while bookies give the “remain” side a higher chance of winning.. But the importance, drama and uncertainty that have surrounded this vote have made it a spectator sport in its own right. presidential race, which was its previous record for a political event. vote as of Wednesday and expects a final amount of 50 million pounds. The referendum also outmatches the 35 million pounds placed on the 2014 World Cup Final.

“This is comfortably the biggest political betting event in history and dwarves both the general election and the Scottish referendum,” says Lewis Davey, spokesman for Paddy Power, referring to the Scottish vote on independence last year.

© 2016 The Associated Press.

Betfair allows people to place wagers against each other rather than setting odds like the traditional bookmakers. For Stephen Jones, 55, betting is a form of insurance against disappointment. “But my big win is to leave the E.U.”

“This is a historical event, and I want to take part in it,” said Can Zhao, an investment researcher who last week placed a 135-pound ($198) bet on “remain” at a Ladbrokes betting parlor near London’s Kings Cross train station.

The betting has also gained the attention of global investors as a gauge of the likelihood of an event’s outcome. Spread betting, on the other hand, does not provide a simple win or lose outcome, but can provide payoffs based on the accuracy of the bet. This material may not be published, broadcast, rewritten, or redistributed. All Rights Reserved. It has become increasingly popular, particularly to bet on financial markets.

Such betting fever is normally associated with major sports events, with people here habitually placing wagers online or in betting shops on everything from horse races to football matches. referendum betting already hit a record for a political event days ago for Betfair, bookmaker BetFred and IG, the largest provider of spread betting services.

Betting exchange Betfair says it had taken 45.8 million pounds in wagers on the E.U. That’s particularly true since pollsters have missed badly in measuring sentiment before some of Britain’s most recent votes, the last general election and the Scottish referendum.

The bookies’ odds have largely been in synch with global financial markets. That surpasses the 40 million pounds placed on the 2012 U.S. He intends to vote to leave the E.U., but has placed bets on “remain” to at least get something in case of his side’s defeat.

Thursday’s vote on whether to leave the European Union, which will have lasting consequences for the country and Europe, is due to break the record as the most bet-upon political event in Britain’s history

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Online Gambling – The Games by Kenneth Bateman

In poker you are playing against other players, and not against the house. Low house edge is of advantage to the player.

Online casinos offer a multitude of gambling game options designed to appeal to the adventurous or the conservative player. Keno is one of those games, and is really the casino version of a lottery draw. The right combination of symbols must be aligned with the payline in order to win. If a seven is rolled before point is made, the shooter loses. Among the many sub-categories of betting on roulette are: betting on which color the ball will land, betting on any one of the three columns on the roulette table, or betting on a specific set of twelve numbers.

- Jacks or Better (most popular)

Blackjack

- Texas Hold ‘Em (by far the most popular)

Literally thousands of betting options. Bets are based upon which slot the ball will land when the wheel stops spinning. Face cards are valued at ten and aces at one or eleven at the players option. The shooter is a winner if point is made on follow up rolls. The following is an overview of some of the more popular online games, both multi-player and single player, and is not intended to be a tutorial. The slot machine’s reels are lined up on what is known as a payline. Among the most popular poker games to play online are:

- Seven Card Stud

<< Back to “Recreation And Sports” Index

As you would expect, games of pure chance, with no skills required by the player offer terrible odds. The hand with the total value closest to nine wins.

- Deuces Wild

Craps

Poker

Played against the casino’s software and not against other players.

Video Poker

Online Gambling – The Games

 by: Kenneth Bateman

Slots

Also known as “twenty-one” as the cumulative total of the face value of the cards cannot exceed twenty one to win. A two, three or twelve is an automatic loser on the come-out roll. . Bingo!

Roulette

- Pineapple

This article was posted on September 05, 2006

A small, marble-like ball is placed into a spinning wheel that has red and black numbered slots. Shooter must roll a seven or eleven on the come-out, or first roll to win or establish a point. Blackjack is played against the house, and not other players.

The total value of two dealt cards must not exceed nine. Slots are composed of spinning reels with an assortment of symbols on each reel. If the symbols are not aligned in a winning combination, you lose.

Eleven balls are drawn from a pool of thirty. In Keno a computer randomly selects numbers from a group of eighty and the player must guess which group will be chosen.

- Caribbean Poker

- Omaha

Slots are the most popular of the no skills required online casino games, and is a veritable cash cow for the casinos, with the odds firmly stacked in favor of the house. There are countless books and online sites detailing game rules, strategies, etc., and it is suggested the player take advantage of these before attempting to play for money.

Video

Keno

Baccarat

- Joker’s Wild

Poker entails examining your hand and guessing what your opponents have

Cruz gains in online betting, Trump still Republican favorite | Reuters

major-party convention since 1952 when the Democrats nominated Illinois Governor Adlai Stevenson on the third ballot.

Cruz has gained 4 percentage points in the past two days and his predicted chances stood at the highest level on the site since he tumbled to a record low after a weak showing in the South Carolina primary on Feb 20.

Other online betting venues also gave Trump, a New York billionaire businessman, the strongest odds of winning the nomination. PredictIt had Trump’s odds of winning the nomination at 76 percent early on Wednesday, down 4 points from Monday’s record high of 80 percent.. Ireland’s PaddyPower put Trump as a 1-to-7 favorite, with Rubio following at 5-1 and Cruz at 12-1.

Ted Cruz’s Super Tuesday victories in his home state of Texas and neighboring Oklahoma strengthened his odds for the Republican presidential nomination on online betting sites but he still trails far behind Donald Trump.

Rubio, who scored his first win in a nominating contest on Tuesday with the Minnesota Republican caucuses, dropped 1 point to 10 percent, a record low for him.

On PredictIt.com, operated by Victoria University in Wellington, New Zealand, the predicted chances of the Texas senator winning the nomination for the Nov. Senator Marco Rubio of Florida. It was independently created by the Reuters editorial staff. SAP had no editorial involvement in its creation or production.

“I am betting against Trump getting the nomination at these odds but only because I think there is a 30 percent chance the GOP elite somehow successfully blocks him at the convention,” said a post from a forum member with the username matthewcooley.

Betting volumes on both Trump and Cruz hit records for the candidates on Tuesday and Rubio’s volume was his second highest ever.

Message boards associated with PredictIt featured growing discussion of a possible brokered convention, which can occur when no candidate has won a clear majority of delegates before the start of the party’s nominating convention.

Ladbrokes PLC said on Wednesday morning that Trump’s odds of securing the nomination were 1-5. 8 election rose to 10 percent as results from Super Tuesday voting continued to be tallied.

(Reporting by Dan Burns in Washington and Anjali Athavaley in New York; Editing by Peter Cooney and Bill Trott)

But Trump, who rolled to wins in at least seven states on Super Tuesday, was outdistancing both Cruz and his other top rival, U.S. Rubio came in a distant second at 9-2, followed by Cruz at 25-1.

There has not been a brokered U.S. This article was funded in part by SAP