Topic: Gambling

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Online gambling 101: What the new gambling expansion means for states

Online lotto – and virtual slot machines, blackjack, and poker – could be coming to your state or one near you. Here are five questions on internet gambling, following the US Justice Department's policy reversal late last year, possibly producing a boon to both the industry and state budgets.
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States should fold on Internet gambling

California and New Jersey, each seek more revenue, are leading the states toward Internet gambling, starting with online poker. But this all-too-easy form of gaming would come with at a high cost to society – and government.
Casino mogul Adelson pressures Spain to bend rules for EuroVegas

American casino mogul Sheldon Adelson's EuroVegas project could bring Spain much-needed investment, but the deal comes with demands for unappealing legal and financial exemptions.
Robert Reich
We're turning America into a giant casino

Organized gambling is a scam. And it particularly preys upon people with lower incomes – who assume they can’t make it big any other way, who often find it hardest to assess the odds, and whose families can least afford to lose the money. Yet with new, relaxed gambling laws, America is now opening the floodgates.
Mega Millions: Will lotteries and other gambling move to the Internet?

In December, the US Department of Justice announced that it was reversing its position that all Internet gambling was illegal, clearing the way for a potential boom in online gambling.
Rez Life

This unvarnished mix of journalism, history, and memoir tells hard truths about life on America's Indian reservations.
Online gambling 101: What the new gambling expansion means for states

Online lotto – and virtual slot machines, blackjack, and poker – could be coming to your state or one near you. Here are five questions on internet gambling, following the US Justice Department's policy reversal late last year, possibly producing a boon to both the industry and state budgets.
Democrats, GOP collude to lure people into gambling

It seems like America’s political parties have never been more polarized. But when it comes to state-regulated gambling, they’re often playing the same hand. Unfortunately, it's a losing one.
What gambling industry money has done on Newt Gingrich's behalf

No single person, outside the candidates themselves, has had more raw impact on the presidential election than casino billionaire Sheldon Adelson, via his donations to a pro-Gingrich 'super PAC.'
As GOP presidential contenders dogfight, how's Obama doing?

It’s way too early in the presidential campaign to make predictions about the 2012 outcome. But at this point, President Obama might confidently say, “I’ve got ‘em right where I want ‘em.”
Obama's new tax on the poor: Internet gambling by states

The Obama Justice Department quietly issued a legal opinion – just before a long Christmas weekend – that allows states to set up nonsports Internet gambling. The opinion upends decades of contrary decisions, but its real effect will be on the poor (and young) who suffer the most from gambling.
Boom in Internet gambling ahead? US policy reversal clears the way.

The Justice Department has reversed a longtime view that online poker and lottery wagering are illegal. With the move, states are expected to engage in a high-stakes pursuit of new gambling-related tax revenues.
Don't fold on Internet gambling ban

The Obama Justice Department scored the first conviction under a 2006 law that outlaws online gaming, including poker. More convictions may be coming. But monied interests are pushing Congress to scrap the law.
In Pictures: Send us your Halloween 2011 Jack-o-lanterns
Poker Ponzi scheme: Feds say Full Tilt Poker raided player accounts

Poker Ponzi scheme: The popular Full Tilt Poker website illegally raided player accounts to fund operations and make lavish payments to its owners, Justice Department lawyers said in a revised civil lawsuit filed in New York.
What happens in Vegas

More cash-strapped states are being lured into allowing casinos for the tax revenues. But a new book offers a close-up view of how local residents in Las Vegas are worse off than the rest of the country.
The Reformed Broker
Casinos in New York?

A poll shows that the majority of New Yorkers are in favor of bringing Las Vegas-style casinos to the Empire state.
Casinos multiply as states, such as Massachusetts, hunt for jobs, revenue

Ohio, Kansas, and Maryland now have casinos. Florida may consider them. Massachusetts is poised to invite them in. Hard times tip the balance to economic over social issues, analysts say.
How Congress can partly redeem itself

A one-time 'supercommittee' tasked to find a deficit-cutting compromise must resist the siren call of special-interest lobbies. The online gambling industry, for one, is already pouncing on this panel of 12 lawmakers.
Latin America Monitor
Monterrey casino tragedy worsened by lax safety regulations

The Casino Royale fire in Mexico may have been sparked by organized crime, but if proper safety regulations had been in place, the tragedy could have been minimized.
In Pictures: Kim Kardashian's look
Legalize betting for online poker?

A bill in Congress to allow betting for online poker is based on the notion that poker is mainly a game of skill. Fat chance.
Letters to the Editor – Weekly Issue of May 30, 2011

Readers write in defending Obama's leadership and online poker.
Illinois' new solution to huge budget crisis: gambling

The Illinois Legislature has passed a bill to dramatically expand gambling in the state in a bid to help close a $15 billion budget deficit. But the bill still needs a wary governor's signature.
In Pictures: Moshe Safdie: Architecture designed for dignity
Mississippi flooding drowns crops and casinos: What's the economic toll?

The economic toll of the Mississippi River flooding has yet to be calculated, as the crest pushes past Memphis towards New Orleans, but is expected to run in the billions.