• The High-Stakes World Of Online Gambling

U.S. federal law demands that any online gaming company adhere to state laws -- but most states do not have specific Internet gaming laws. "There are problems all the way down the line," attorney Pat O'Brien told the E-Commerce Times, "because the Justice Department takes that position that it's all illegal. But they're wrong." Just as Las Vegas pioneer Bugsy Siegel imagined a city of dice games and slot machines in the middle of the desert, entrepreneurs looked at the Web a few years ago and saw an audience hungry for online gaming. They were right to suspect there was gold in all those clicks. A December 2002 report by the U.S. General Accounting Office stated that online gaming had worldwide revenues of more than US$4 billion, with roughly half of that total coming from the United States. According to many in the industry, the sector is still growing fast and raking in the cash. There's only one problem: In the United States, running an online gaming company is illegal. Despite this roadblock, many gaming sites are succeeding in playing a significant, though stealthy, role in the e-commerce industry. In this two-part special report, the E-Commerce Times takes a good look at how they are doing it. [...]

> Read the full story here Source : TechNewsWorld.com

• Housewife Wins 4 Jackpots At USA Casino- Nets $100,000

A jewellery saleswoman, who calls herself “the luckiest woman alive”, has won four consecutive Natural Royal Flushes and netted a cool $100,000 at one of the Internet’s largest online casinos - USA Casino. Annette A, thought it was her lucky day on July 14th when she drew a ten, jack, queen and king of spades in USA Casino’s popular Joker Poker game then pulled an ace and won a cool $25,000. But her lucky streak was just beginning. Six weeks later Annette hit another Natural Royal Flush in Hearts – holding on a queen, king, ace, then drawing the ten and jack. “I did it again” she told USA Casino Manager, David Washington. “This is amazing. I actually pulled away from the computer, took a deep breath…and cried.” [...]

> Read the full story here Source : WinnerOnline.com

• Bank Manager Blows Customer Millions On Online Betting

An Australian bank manager who stole AUD19 million ($13 million) to fund his online gambling addiction faces sentencing on Friday after pleading guilty to crimes spanning five years. Incredibly the misappropriation of funds from the Commonwealth Bank by Kim David Faithfull, 36, of Karratha in Western Australia, only came to light after he came forward to admit his wrongdoing. The confession brought an end to a five-year losing streak funded by money stolen from term deposit accounts and foreign currency notes held by the bank. Faithfull used the bank's computers to transfer this purloined money into an online betting account with Darwin-based International All SportsBet (IASBet). Up to $400,000 a week would be transferred to this account, making Faithfull easily IASBet's biggest punter. Despite massive bets - averaging AUD20,000 - often placed on long shots, none of Faithfull's bets were refused. [...]

> Read the full story here Source : TheRegister.co.uk

• New Marketing Director For AngelCiti

AngelCiti Entertainment, Inc. has announced that it has hired James Hall as the new Director of Marketing. Hall’s earlier stint was at the Bank of Montreal's financial group Burns Fry, now called Bank of Montreal's Nesbitt Burns. A graduate of the York University’s business school and armed with an MBA in finance and marketing with an Honors BA in Economics, Hall is reputedly to bring with him an extensive professional marketing communications background, online and offline. AngelCiti added that his hiring would aid in the development of corporate marketing position strategies for IPO. In the new structure, he would report directly to the President. Hall draws his experience from working as a Marketing Consultant for Internet companies like LCBO, Waddler Productions, Gate Communications, and Canoe.ca AngelCiti president George Gutierrez said that online marketing has become a vital part of their strategy and James Hall's experience would synergize with the company’s growth plans.

> Read the full story here Source : OnlineCasinoNews.com

PLAY & ENJOY NOW the most favored online casino by American players! Las Vegas USA Casino offers everything you wish from a Las-Vegas-style online casino - a generous 150% bonus up to $3,000 at welcome, more than 120+ thrilling and fun games with fast and various blackjack tables, huge progressive jackpots and much more - discover today one of THE BEST ONLINE GAMING DESTINATION ACTUALLY!