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Ho Family Settles Dispute

Macau casino billionaire Stanley Ho reached a settlement resolving a two-month dispute with his family over a controlling stake in his multibillion-dollar gambling empire.

 

House Panel Approves Legalizing Online Gambling

A House panel has approved a measure that would legalize online gambling, putting it under federal regulation. Online poker is thriving but illegal in the US, but the ban is almost impossible to enforce, since the sites and computers ...

 

California welfare recipients withdrew $1.8 million at casino ATMs over eight months

California welfare recipients withdrew $1.8 million at casino ATMs over eight months

Gov. Arnold Schwarzenegger issues an executive order requiring recipients to promise they will use cash benefits only to meet basic subsistence needs. GOP legislators call for the cash to be returned.

 

Cash-strapped states expand gambling

Cash-strapped states expand gambling

Faced with a drop in gambling revenue, states are adding games, considering new casinos and increasing lottery options — anything to keep their cut of the profits rolling in.

 

Treasury, Fed delay Internet gambling ban 6 months

The US Treasury and Federal Reserve on Friday delayed the implementation date for a new Internet gambling payment ban for six months, a move that gives lawmakers time to overturn it or end confusion over illegal ...

 

Wynn Macau debut cashes in on Asia gaming fever

Wynn Macau's strong debut in Hong Kong on Friday shows appetite for gambling stocks is strong despite high valuations, and will cheer rival Las Vegas Sands, which plans a listing later this year.

 

Sen. Menendez Unveils US Online Poker Bill

Sen. Robert Menendez, D-N.J., introduced legislation Thursday that would allow federally-regulated online poker and other games of skill. Under this bill, gaming companies would have to undergo a thorough review by the Treasury Department including an analysis of the financial condition of the applicant, business record, and background checks.

 

Russia casinos forced to close down

Much to everyone's surprise, Russia is going through with a law that bans nearly all casinos and confines gambling to four special zones in far-flung regions.

 

U.S. Deals Blow to Online-Poker Players

U.S. Deals Blow to Online-Poker Players

Federal authorities in New York have frozen or seized bank accounts worth $34 million belonging to 27,000 online poker players, in an apparent crackdown on Internet gambling.

 

Report: Two Detroit casinos ban Iverson

Allen Iverson has been banned from both MGM and Greektown casinos in downtown Detroit, the Detroit News reported on its Pistons blog.

 

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