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Analysis
BBC News, political reporter
It would be very tempting to portray the UK’s bid to regulate online gambling as a piece of financial opportunism worthy of the most shady of back street bookies.
For all its talk of protecting consumers and stamping out fraud, surely all the government really wants to do is grab a slice of tax revenue from the £15bn global gaming market?
Posted by casino man in Gambling News at 11:41 PM GMT
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The government is promoting plans to better regulate internet gambling.
Culture Secretary Tessa Jowell says a regulated internet gambling industry would offer people better protection than outlawing the practice altogether.
As the first international summit on the global impact of the industry opens, former addict Vicky Clark tells the BBC how she went from never playing the lottery to losing £27,000 on a web gaming site in eight weeks.
It is very easy to get into online gambling. Before you know it you are just getting dragged down.
Posted by casino man in Gambling News at 12:41 PM GMT
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Online gambling companies will boost their reputations and gain respectability if they base themselves in the UK, the Culture Secretary has said.
Tessa Jowell made the comments as she pushed for an international agreement to control internet betting.
She has been holding talks with representatives from 33 countries at the first international summit on the global impact of the industry.
Posted by casino man in Gambling News at 9:11 AM GMT
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The UK is hoping to promote plans for regulation of internet gambling at an international conference on the issue.
Culture Secretary Tessa Jowell will lead a debate on the rise of unregulated online casinos at the meeting at Ascot, Berkshire.
Ms Jowell advocates regulation of the industry, rather than outlawing it.
Last week she criticised the US, which has banned firms from taking internet bets, for creating a "new Prohibition", which could fuel an increase in crime.
Posted by casino man in Gambling News at 9:11 AM GMT
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More from The Times Online:
A FINANCIAL adviser who stole £2.3 million to fund an addiction to online gambling was jailed for nine years yesterday.
Philip Smith, 48, of Bowdon, Cheshire, conned at least 50 victims — many of them elderly and vulnerable.
Passing sentence at Manchester Minshull Street Crown Court, Judge Peter Lakin said: “I intend to be blunt. You are a callous, manipulative and thoroughly dishonest man.
Posted by casino man in Gambling News at 12:42 AM GMT
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A financial adviser who conned clients out of £2.3m to feed an online gambling habit has been jailed for nine years.
Philip Smith, 49, formerly of Gaddum Road in Bowdon, Greater Manchester, pleaded guilty to offences including theft, forgery and money laundering.
The court heard how Smith targeted the elderly and vulnerable, and used people’s credit cards for betting.
Judge Peter Lakin, sentencing, said he was a "callous, manipulative and thoroughly dishonest man".
Posted by casino man in Gambling News at 6:41 PM GMT
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A former financial advisor who conned clients out of more than £2m has been jailed for nine years for forgery, theft and money laundering.
Philip Smith, 48, used the money to feed an online gambling addiction.
Smith, of Bowdon, Cheshire, conned at least 50 victims - many elderly and vulnerable - and gambled away £2m on the internet.
He was described as a “callous, manipulative and thoroughly dishonest man” by Judge Peter Lakin at Manchester Crown Court as he was jailed.
Posted by casino man in Gambling News at 5:41 PM GMT
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E-gambling bosses in Alderney have said the recent issuing of six new licences brings the total number of companies operating on the island up to 25.
Last month, Alderney subsidiaries of William Hill PLC and Sportingbet PLC were given full licences.
Alderney’s Gambling Control Commission said Wager Works Six, Asia Pacific Gaming, World Poker Tour Alderney and Electra Works now also have licences.
Alderney’s e-gambling industry netted £700,000 for the island in 2005.
Posted by casino man in Gambling News at 5:41 PM GMT
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Online gambling group 888 Holdings has said it is in discussions with other firms, following the suspension of its business in the US.
Weekend media reports said it was talking with rival Partygaming, but 888 did not identify which companies it had held "preliminary discussions".
The two firms are among the biggest victims of US law changes - effectively criminalising internet gambling.
888 said there was no certainty its talks would lead to any deals.
Posted by casino man in Gambling News at 10:11 AM GMT
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More from The Times Online:
SOME PREMIERSHIP PLAYERS ARE being treated for a double addiction to gambling and pornography. There is growing evidence that the lifestyle of the modern-day wealthy footballer is unhealthy, unmanageable and out of control. Too much money and insufficient “life skills” to use their free time constructively are being blamed by experts and players.
This latest trend is revealed by Peter Kay, the chief executive of the Sporting Chance Clinic, established in Hampshire by Tony Adams, the former Arsenal defender and a reformed alcoholic, five years ago, in a special programme for BBC Radio 5 Live this evening. Kay has overseen the treatment of dozens of high-profile players with alcohol and gambling problems, but the addition of porn will cause huge concern to the FA and the Professional Footballers’ Association, which fund and support Sporting Chance.
“It’s very unusual for a Premier League player not to have a laptop,” Kay said. “These young men often lead very solitary lives, especially when they’re sent to their hotel rooms from 8 until 8 the next morning before a match.
Posted by casino man in Gambling News at 9:12 AM GMT
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