A former financial advisor who conned clients, including his brother, out of more than £2 million ($3.7 million) has been jailed for nine years for forgery, theft and money-laundering.

Two of the UK’s biggest financial newspapers have reported that PartyGaming Plc and 888 Holdings Plc are considering a merger of their businesses.

Culture Secretary Tessa Jowell said that tight regulations will make it safe
and fun to play here. She slammed the US and the Unlawful Internet Gambling
Enforcement Act which has wiped more than £5 billion off the share prices
off internet betting companies listed on the london stock exchange.

The Las Vegas casino giant Harrah’s Entertainment has shocked the UK gambling establishment by improving its already massive offer for London Clubs, a small loss-making company with just six casino sites.

A 23 year old Norwegian has won the most recent World Poker Tour event at the Bellagio, holding off five more experienced contenders at the final table to capture the $1,090,025.

Senator Bill Frist, the architect of the UIGEA and a hate figure for poker fans and online gamblers across America, has expressed his pleasure with the progress of the three-week old bill.

NETeller, one of the world’s largest e-wallet companies, released a statement yesterday saying it plans to comply with the new US anti-gambling law, but only once the specific implications of the law are made clear.

Steve Wynn, the Las Vegas casino mogul and art collector, recently had to pull out of the biggest single-painting art deal in history after he accidentally put his elbow through his Picasso.

The Coventry MP Jim Cunningham was accused of acting as a ‘stalking horse’ for the government after he proposed an increase in the number of regional casinos allowed under the UK Gambling Act.

Excapsa Software Inc., the software company behind the UltimateBet poker network, has announced a $130 million sell out to a company called Blast Off Ltd.

The Unlawful Internet Gambling Enforcement Act (UIGEA) became law on Friday 13th (unlucky for US gamblers apparently) when President Bush signed the Port Security Bill, onto which the UIGEA was attached.

An executive for NETeller, the online finacial institution responsible for processing a vast number of online gambling transactions, said yesterday that the company will continue to operate in the US, despite the recent passage of the Unlawful Internet Gambling Enforcement Act (UIGEA).

Antigua and Barbuda’s Minister of Finance spoke recently of his shock and dismay at the passage through Congress of the Unlawful Internet Gambling Enforcement Act after returning from a visit to the US.

FireOne Plc, the company behind FirePay, one of the biggest online financial institutions responsible for helping millions of internet gamblers, has issued a statement saying it plans to cease servicing American gamblers.

During all the hype surrounding the passing of the Unlawful Internet Gaming Enforcement Act and the damage it had done to the online gaming industry the fortunes of some of the industry’s founding members somehow escaped the headlines.

A Florida gambler took a unique course of action last Thursday night after losing money in a casino in west Miami-Dade.

With every passing minute the effect of the Unlawful Internet Gambling Enforcement becomes more defined. Already PartyGaming and 888.com have pulled out of the US market, but it seems many more will be following in their path.

Here Casino Choice gives you the low-down on who’s in and who’s out:

The online gaming industry is coming to terms with the biggest setback in its history this week after Congress passed the Unlawful Internet Gaming Enforcement Act late on Friday night. The act makes it illegal for banks, credit card firms and other financial institutions to process online gambling payments from the US and effectively spells the end for online gaming in the US.

Congressional Republicans have attached a measure cracking down on Internet gambling to a bill aimed at enhancing port security that passed Saturday 30th 2006. Senate Majority Leader Bill Frist, R-Tenn., and Sen. Jon Kyl, R-Ariz., pushed for the gambling provision to be added to the larger bill.