The Unlawful Internet Gambling Enforcement Act, which forced publicly listed online gambling firms to pull out of the US, has cost SportingBet Plc an estimated £252.4 million ($493.8 million) according to the group’s quarterly statement.

The UK Gambling Commission has released information about new codes of practice, as well as the new conditions under which licenses are granted to gambling operators.

The Panorama documentary about online gambling aired this Sunday and will have disappointed most knowledgeable people in the gambling industry with its suspect misuse of figures and pessimistic outlook.

The alleged money man behind one of the biggest illegal sportsbetting rings ever to be busted by the police was released from custody after posting a million dollar bail.

Five tourists who conned an Australian casino out of more than $750,000 in a playing card scam are due to be sentenced today after they were convicted of fraud by a jury last night.

BetOnSports, the UK-based internet gambling firm whose ex-CEO David Carruthers was arrested in Dallas-Fort Worth airport earlier this year, have agreed a deal with the US government that will bring an end to the expensive civil suit brought by the authorities.

Whilst optimism is high following the Democrat clean sweep in the recent congressional elections experts have begun to issue increasingly frequent warnings that change could be a long time coming.

A 23-year-old cash game poker professional recently became the latest World Poker Tour champion after he won the Foxwoods World Poker Finals, pocketing $1.7 million.

Ken Einiger proved that skill and experience were essential ingredients in the Ultimate Blackjack Tour (UBT) when he took down a large field in the St Kitts Classic to add title to his bulging resume.

The British gambling company William Hill has surprised the industry this week ny announcing that chief operations officer and executive director Tom Singer has stepped down and will leave the company with immediate effect.

Finally, after three moths of anticipation, the 2006 WSOP Champion Jamie Gold has given his side of the story in the lawsuit with Bruce Crispin Leyser, who is claiming half of Gold’s $12 million first place prize.

Ladbrokes, the UK’s second largest bookmaker and one of the country’s largest gambling companies, has confirmed it is in talks with 888 Holding’s plc with a view to a possible takeover.

More than 800 employees of Ivy Comptech, a PartyGaming subsidiary based in India, have lost their jobs as PartyGaming adapts to the post Unlawful Internet Gambling Enforcement Act (UIGEA) market.

In all 32 nations attended the UK’s much publicised gambling summit, hosted by the UK’s culture secretary Tessa Jowell. The summit comes just weeks after US lawmakers passed the hugely controversial Unlawful Internet Gambling Enforcement Act (UIGEA) and Tessa Jowell reiterated her view that regulation, and NOT prohibition, was the best approach to online gambling.