• Democrat Doubtful Of Net Gaming Bill's Passage

WASHINGTON -- Congress is unlikely to pass a bill this year to restrict Internet gambling, the ranking Democrat on the House Financial Services Committee said Thursday. Rep. Barney Frank, D-Mass., said there is not enough time and there are too many other issues Congress must deal with before gaming can be considered. "I think it's pretty clear they will not be able to get a bill this year. I don't know about next year," Frank said in an appearance before the Cato Institute, a libertarian think tank in Washington, D.C. Frank's pessimistic view contrasts with Sen. Jon Kyl, R-Ariz., who predicted last month that Congress would pass Internet gambling restrictions before adjourning in 2003. The House voted 319-104 on June 10 to restrict Internet gambling by banning the use of credit cards, checks and electronic fund transfers for online wagering. On July 31, the Senate Banking Committee voted 19-0 to pass a bill by Kyl that mirrors the House measure except for one key provision. To address concerns raised by the Department of Justice, Kyl's legislation would prevent Nevada and other states from legalizing online wagering within their borders. [...]

> Read the full story here Source : ReviewJournal.com

• Boss Media Sells Its Well-Known Gaming Portal Casino.com

In order to focus harder on the core business, Boss Media has decided to sell Casino.com for an amount of USD 5.5 million. The buying company purchases the rights to the brand and the domain name of the gaming portal www.casino.com. The company has asked to remain anonymous for the time being. Peter Bertilsson, CEO of Boss Media, says: "This is part of our overall strategy to focus on developing the best gambling platform in the world. It is hard to have a double interest with both B2C and B2B business. Therefore we are very happy to have found a so strong and committed partner to sell our highly valuable assets to."

> Read the full story here Source : BossMedia.com

• DOJ Serves Illegal Subpoenas For Online Gaming

LAS VEGAS, NEVADA - The Interactive Gaming industry was thrown into shock earlier this week, following a series of illegal subpoenas issued by the Missouri office of the United States Department of Justice (DOJ). These subpoenas, issued to major sports information networks and publishing companies, subpoenaed all records pertaining to advertisements accepted by internet gaming establishments, even though no federal statutes prohibit businesses from accepting such advertisements. The initial news of these developments circulated on October 16, 2003, as organizers of the Interactive Gaming & Entertainment Expo, scheduled for November 1 in Orlando, FL, would be postponed until Spring 2004. [...]

> Read the full story here Source : WinnerOnline.com

• Elton John To Be A Fixture In Las Vegas

LAS VEGAS - Elton John (news) promised the sequins will fly again when he kicks off a three-year gig at Caesars Palace in February. "I cannot do this show anywhere else in the world except here," the entertainer said at a news conference Tuesday. "It's back to costume changes and Velcro." The 56-year-old has signed a deal to perform 75 shows at The Colosseum at Caesars beginning February 2004, five times a week for five weeks a year in a deal reportedly worth more than $50 million. John and hotel officials wouldn't confirm contract details. "Let's just say, I'm very well paid," the entertainer joked. Clad in purple sunglasses and a pinstriped suit, John described a production filled with an eclectic mix of songs and costumes, saying "there are not ostrich feathers, but there will be sequins flying around." [...]

> Read the full story here Source : Yahoo.com

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