Headlines: Poker, Law, and Politics (2/09/07)

article:
Neteller Confirms U.S. Seizing Funds (Forbes, 02/08/07)

CryptoLogic sells online gambling software to Dutch casino operator (Canada.com, 02/09/07)

Industry in distress: How did it come to this? (Covers.com, 01/31/07)

Legal online gambling in the US? No, thanks! (OG Paper, 02/07)

blog:
The Bloggers Review (The Poker Profs Poker Blog, 02/08/07)

excerpt:
Neteller Confirms U.S. Seizing Funds (Forbes, 02/08/07)
“Payment processor Neteller PLC, which closed its U.S. operations after Internet gaming was banned there, confirmed Thursday that U.S. authorities have seized funds related to its U.S. transactions. Neteller said it was cooperating with an inquiry by the United States Attorney’s Office for the Southern District of New York, which is stopping U.S. customers from receiving their money.”


CryptoLogic sells online gambling software to Dutch casino operator (Canada.com, 02/09/07)
“Canadian gambling software provider CryptoLogic Inc. (TSX:CRY) has announced a three-year contract to provide online poker and casino software to Holland Casino, a casino operator in the Netherlands.The new site is expected to launch in June and will be available only to residents of the Netherlands.”

Industry in distress: How did it come to this? (Covers.com, 01/31/07)
“Gambling needs liquid currency to survive, and they can freeze that liquidity. They are freezing the banks. They are freezing the middlemen. They are freezing the casino owners. They can’t freeze every drop, but they can get most of the juice. Will they ever stop gambling? No, of course not. And they don’t want to, anyway. Gambling has become a major form of business and entertainment, and a huge tax base in America. Online gambling doesn’t really happen in America, though you’ll never hear a prosecutor admit that.”

Legal online gambling in the US? No, thanks! (OG Paper, 02/07)
“So the best scenario for everyone (including the USDoJ) is for online gambling to stay on the grey side of the law. If online gambling was to be outlawed completely – it would create a whole bunch of criminals – from the college student spending $100 at the online poker room, to the soccer mom, playing 50 cent slots online. If it was legalized – well, the above was one of the possible outcomes.”

blog:
The Bloggers Review (The Poker Profs Poker Blog, 02/08/07)
“The past two weeks in bloggerdom have featured some of the best writing in the poker genre in the last year or so. Otis cranked out two gems, Bill Rini set the myths apart from the realities of the UIGEA, and Haley Hintze had an indepth investigation into the WSOP.com domain debacle. Here are some highlights that you should check out”

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