• U.S. Internet Gambling Crackdown Sparks WTO Complaint

The World Trade Organization today said it will appoint a three-member panel to determine if U.S. efforts to crack down on offshore Internet gambling operations violate international trade accords. The WTO announcement comes in response to a challenge filed by Antigua and Barbuda, a Caribbean island nation that is a major nexus for the Internet gambling industry. U.S. laws that ban the transfer of funds to offshore gambling operations and make it difficult for non-U.S. firms to obtain gaming licenses violate trade agreements ensuring market access to "cross-border services," the complaint said. Internet gambling became a major part of Antigua and Barbuda's economy during the 1990s, when up to 100 different online gaming companies employing more than 5,000 people operated in the island nation. Today, there are fewer than 40 Internet gambling companies located on the islands employing half as many local residents. Island officials attribute the industry's decline in part to the U.S. crackdown. [...] US RESIDENTS / US ONLINE PLAYERS : ACT NOW FOR THE FREEDOM ! WWW.PROFREEDOM.COM | WWW.PROTECTONLINEGAMBLING.COM

> Read the full story here Source : WashingtonPost.com

• $1,683,526.64 Won by Jim L. on Major Millions

CURACAO--Jul 21, 2003 -- Jackpot Madness has again beaten its own record of awarding the World's Largest Ever Online Jackpot. For the third time in a little over a year, Jackpot Madness, the largest progressive jackpot portal on the Internet, has awarded a jackpot of over $1,500,000. Jim L., the latest Major Millions winner, won a record-breaking sum of $1,683,526.64 at Lucky Nugget Casino. Lucky Nugget Casino is a member of the Jackpot Madness network (www.jackpotmadness.com) of Microgaming powered casinos. Jim will receive his winnings in one single CASH payment. In addition to the $1,683,526.64 in cash, Jackpot Madness will treat Jim and his spouse to an all-expense paid luxury holiday to the exotic Caribbean island of Barbados. This is the largest win in online history, and the third win of over $1,500,000 since the launch of Major Millions in April 2002. The popular slot game is a progressive 1-dollar, 3 reel, 3 pay line slot that begins with a $250,000 jackpot. Major Millions is the only game on the web that truly creates instant millionaires -- offering payment in one lump, cash sum. Tony P. was the first Major Millions winner winning an enormous $1,594,694.21 on May 30, 2002. Nine months later, on February 20, 2003, Ronald H. beat Tony's record when he won a whopping $1,626,184.56 and became the winner of the world's largest ever-online jackpot at that time. [...]

> Read the full story here Source : WinnerOnline.com

• Bahamas Eye Internet Gambling

The Chairman of the Gaming Board for The Bahamas called for regulations that would stabilize the fast growing industry of Internet gambling. Gaming Board Chairman Kenyatta Gibson made this appeal as he officially opened The Sixth Annual International Symposium on Internet and Wireless Gambling Law and Management. He said that The Bahamas was excited to learn more about Internet Gambling, which it does not regulate. The Government is proposing new amendments to the Gaming Act, and there is a proposed challenge in the Supreme Court of the Bahamas to lift the prohibition of Bahamians playing in local casinos. 'But at the same time,' Mr. Gibson said, 'let there be no doubt that The Bahamas is poised and ready to take advantage of every opportunity and trend in the gaming industry.' The Bahamas congratulates its sister CARICOM member-state Antigua and Barbuda on the pace set in establishing its Internet Gaming Services, he said . The gold rush is on.

> Read the full story here Source : OnlineCasinoNews.com

• Trump folds on plans for fourth Atlantic City casino

ATLANTIC CITY - There will be no 62-story, $1.5 billion casino hotel on the old World's Fair site, nor will there be a 4,000-room, $750 million casino hotel there. Donald Trump is giving up on his troubled Boardwalk site. "Because of the politics in Atlantic City, probably we're not going to develop that site. ... Probably CRDA (Casino Reinvestment Development Authority) should buy that site from us and they should pay a lot of money for it," he said. Trump made the comment Wednesday on a freewheeling conference call in which Trump Hotels & Casino Resorts officials bashed Borgata Hotel Casino & Spa, trashed the local state senator, threatened the state with legal action and announced a second-quarter loss of $10 million. "Idiot" state Sen. Bill Gormley, R-Atlantic, has hurt Boardwalk investment by failing to protect the casino industry from higher gaming taxes earlier this month and by spearheading the development of an off-Boardwalk convention center a decade ago, Trump said. [...]

> Read the full story here Source : PressOfAtlanticCity.com

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