Gambling News by House of Odds

The ban on Online Gambling is enforced through the payments perspective. The US law forbids credit companies and other financial institutions from supporting any transaction in which one of the sides is engaged in betting or wagering.Stand Beside Online Gambling (Online Casino Reports)

GoldenPalace.com to cough up $2m Cyber World Group, the owner of GoldenPalace.com, in Canada this week pleaded guilty to charges of illegal gambling and agreed to a $2m fine.Quebec fights Mohawk Nation over Online Gambling jurisdiction (The Register)

David Carruthers was born in 1957 in Edinburgh, Scotland. He served as CEO and board member of the British online gambling company, BetOnSports, which was one of the biggest players in the US market.Profile: David Carruthers (Online Casino Reports)

LONDON, Dec 3 - Online gaming, slot machine and betting software firm AsianLogic is set to become the first Asia-based gambling firm to list in London with a $110 million pre-Christmas flotation planned on th,e Alternative Investment Market.Gaming software firm AsianLogic eyes London IPO (Reuters via Yahoo! Malaysia News)

Marginbet will move away from Online Gambling to concentrate its efforts solely in the mining sector, announcing the sale of its Portlandbet business.Marginbet to focus on mining (AAP via Yahoo!7 News)

GoldenPalace.com to cough up $2mCyber World Group, the owner of GoldenPalace.com, in Canada this week pleaded guilty to charges of illegal gambling and agreed to a $2m fine.Quebec fights Mohawk Nation over online gambling jurisdiction (Addict 3D)