Intabill Sued for $52 million

The twenty five year old, – Mr. Tzvetkoff – created an online billing, payment and fraud-detection system which helped him and partner Sam Sciacca, who is 38, build a business empire worth an estimated $120 million. The resulting fallout from deals gone bad recently has resulted in a $52 million legal action by online gambling…

European Union requested changes by France

European Commission has asked for the clarification and modification of several points in France’s draft law for opening up online gambling to competition, French Budget Minister Eric Woerth said Monday in a statement. The European Union is not completely satisfied with the new laws that France will be adopting in regards to open competition in…

Casino luring gambling addict

A compulsive Australian gambler banned from Sydney’s casino blew more than two million dollars (1.5 million US) on the card tables in a neighbouring state in just 43 minutes, a court heard. High-flying property developer Harry Kakavas is suing Melbourne city’s Crown Casino in the Supreme Court of Victoria for facilitating his pathological betting, despite…

Online Gambling Bill Gains Momentum

Congressman Barney Frank’s bill to legalize online gambling is gaining rapid support, with another four congress representatives signing up as co-sponsors last week. Congressional representatives Steve Driehaus (D-Ohio), Jared Polis (D-Colorado), (D-Arizona) and Steve Israel (D-New York) all added their names to the HR 2267 Internet Gambling Regulation, Consumer Protection and Enforcement Act, which would…

Taiwan build $910 million mega resort-casino

Officials in an outlying Taiwan archipelago said on Wednesday they would build a massive resort-casino with investment of at least $910 million if local voters approve a gambling referendum as early as next month. The Penghu County government has proposed its casino resort on 130 coastal hectares with hotels, duty-free shops, a convention centre and…