• Net gambling bill fans e-cash fears

Concern about the possible unintended consequences of anti-gambling legislation comes amid signs that Congress is serious about putting the brakes on the rapidly growing online wagering industry. With both houses of Congress now under Republican control, most legislative handicappers say chances are better than 50-50 that a bill will land on President Bush’s desk before the end of the current session. The legislation considered most likely to win approval aims to knock the financial legs out from under the offshore betting Web sites by prohibiting Americans from using credit cards or other financial instruments — electronic fund transfers, wire transfers, checks, money orders and the like — for Internet wagering. That has gambling site operators scrambling for other means that can’t be easily blocked, such as digital e-cash, that will allow them continued access to their biggest market, the United States. “We’re going to try to survive as an industry,” said Jessica Davis, vice president at the Antigua-based BetWWTS.com. “We always are trying to be a step ahead and we will do whatever we have to do and use whatever means necessary to allow our clients to remain active.” [...]

> Read the full story here Source : Msnbc.com

• Konami to Release Casino Game

Anyone who’s ever wanted to run their own casino will soon have the chance. Well, not literally. Computer games software house Konami are set to release the new game Casino, Inc. Having kept the game a closely guarded secret for some time, Konami have just announced its release. Details about the casino management game are still scarce but the gist is that players will be able to build and manage their own virtual casino. If you’ve ever dreamt of taking on the casino bigwigs, or wanted to design a casino tackier than anything you could find on the Vegas stretch, this is your opportunity. Once built players will have to keep their spanking new business afloat – by any means necessary. A vast range of tactics will be available and you won’t just be restricted to operations within casino walls. To last at all in the game players will have to place advertising throughout the surrounding city, provide shuttle routes to attract customers, even provide limo services for your high rollers. [...]

> Read the full story here Source : OnlineCasinoNews.com

• Review: John Patrick's Internet Gambling

Professional gambler John Patrick sets his sites on Internet casinos and sports betting in his 15th book on gambling, John Patrick's Internet Gambling. Patrick begins with the question on every first-time Internet gambler's mind: "Is Internet gambling safe?" The answer, according to Patrick, is "yes." Patrick says he played a number of online casinos as research, never got stiffed, and will continue to play online casinos. In this 180 page book, which sells for $12.95, Patrick offers plenty of useful general gambling advice, including important tips on loss limits, win goals and other money management issues. But perhaps the best advice Patrick gives is to buy in small when playing at a new casino so you can test their credibility. Or as Patrick puts it, "Test the water with your toe, before you dive in." Sound advice. [...]

> Read the full story here Source : WinnerOnline.com

• Aladdin casino seeks investor to help it survive

LAS VEGAS — Building a megaresort on the Las Vegas Strip is supposed to be easy money, but that wasn't the case with the $1.4 billion Aladdin hotel-casino, the latest of the city's glittery gambling temples. The Aladdin, which filed for bankruptcy protection just a year after its August 2000 opening, is now looking for something that has long attracted the broke and broken to Las Vegas: a second chance. The Arabian nights-themed casino needs a buyer, one with pockets deep enough to cover a $400 million to $500 million asking price. A new owner would also need the cash and the vision to reinvent it — and find a way for the casino to stop losing money on its gambling operations. "The property got off to a bad start," Bill Timmins, Aladdin president and chief operating officer, said recently. "It never really had a chance." [...]

> Read the full story here Source : PittsburghLive.com

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