Tag Archives: wire act

Martin Lycka: Supreme Court’s (sports betting) punt return and beyond

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In the second of a series of columns on international gambling legislation, GVC’s Director of Regulatory Affairs Martin Lycka takes a look at the current activity around sports betting in the US and tracks how the industry has arrived there and where it should go next. It is 14 May 14 2018, which may be the US football offseason, yet …

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Melissa Riahei joins SBTech US as President

Sports betting and gaming technology provider SBTech US has strengthened its leadership offering with the appointment of Melissa Riahei, who will take up the role as President. Riahei, who has considerable experience across the gaming and lottery industries, will oversee US operations with the task of focusing on building out the groups’ US infrastructure to support SBTech’s existing customers and establishing its presence …

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Bryan Blake: Hexopay – Wire Act needs a cautious approach by all gambling stakeholders

Speaking at last week’s PaymentExpert Forum, Bryan Blake Founder & CEO of Hexopay gave SBC audiences a detailed breakdown of the current US payments landscape for gambling incumbents, and the challenges stakeholders face in interpreting and accommodating the mandate of the 1961 Wire Act… ________________ SBC: Hi Bryan thanks for speaking at SBC’s PaymentExpert Forum. As a payments industry executive, …

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Lindsey Graham re-introduces original Wire Act interpretation to US Senate

Republican Senator and US Presidency 2016 candidate Lindsey Graham has re-introduced the original interpretation of the Wire Act, by presenting to the senate the Restoration of America’s Wire Act, a legislation that would aim to effectively end most forms of online gambling in the US. The proposed legislation would renew federal restrictions on online gambling services, by reinstating the original …

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Politics holding up PokerStars in New Jersey

PokerStars’ attempts to get licensed in New Jersey have seemingly come a cropper because of the political ambitions of Governor Chris Christie and the might of anti-online gambling campaigner Sheldon Adelson. Christie has designs on the Republican nomination for the White House and the general consensus is that major donor and Las Vegas Sands owner Adelson will have a huge …

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Risky business – why investors should beware grey market operators

Scott Longley, editorial director at Regulus Insights, analyses the concept of risk for dotcom operators and their investors. The 9% share price fall that prompted Playtech to issue a stock exchange statement late last week was only the most recent example of how listed gambling companies suffer more than most from the financial market phenomenon of risk on/risk off. This …

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