From The Telegraph The film producer and Labour peer said the UK is in “desperate need” of cultural skills and talent, and taking advantage of the boom in placing bets via the internet could aid the industry. “We will need to find new ways to help support the arts,” Lord Puttnam wrote in the Yorkshire Post. “As many of you will be aware, there is enormous growth in the gambling industry, particularly online gambling, perhaps even, to some extent, displacing money spent on our National Lottery. “I would like to think that the proceeds of a point of consumption tax…

From iGaming Business The state of Kentucky has announced that it has settled a case with online gambling company bwin in an agreement worth $15m (Eur11.5m). In accepting the payment from bwin, the state said the result related to civil filings in August 2010 “to recover online gambling losses by Kentucky residents” prior to the passing of the Unlawful Internet Gambling Enforcement Act (UIGEA). Bwin exited the US market when then-President George W. Bush signed the UIGEA into law in October 2006. John Shepherd, director of corporate communications at bwin, said that the company had admitted no wrongdoing as part…

From ABC News Online gambling isn’t just bad, it’s dangerous and immoral: So argues Sheldon Adelson, CEO of the biggest gaming company in the world. “Click your mouse and lose your house,” warns Adelson, Chairman and CEO of the Las Vegas Sands Corp. His views, expressed in an op-ed for Forbes, have not endeared him to fans of online poker, thousands of who now are trying to organize a boycott of the sumptuous poker room (59 tables, 14,000-sq. ft.) of Adelson’s The Venetian casino and resort. “As an industry leader, and more importantly as a father, grandfather, citizen and patriot…

In North America, Tribal online gambling is being considered. After all, the online gambling industry is full of start up operations which are in some instances breaking new ground in the field of internet wagering. Now, Native American operators are secure in their traditional methods of offering punters the best there is. Canada has many Tribal Casinos which have recently been attempting quite successfully to offer an internet version of the usual casinos games and poker rooms. Bernard Shepherd who is the former Chief of the Wapi Muskwa Nation, is a well known personality in the establishment of Canadian Tribal…

From Business Insider Sheldon Adelson is the CEO of mega casino company Las Vegas Sands. You might think that his business would feel threatened if online gambling became legal, and gamblers no longer had to enter his physical casinos. Thus it’s no surprise that during an interview on BloombergTV, Adelson slammed online gambling as a toxic trainwreck. Of course, he doesn’t say he’s against online gambling because it will hurt his business. He says it’s all about society and the possibility that gamblers will get too hooked. “They are not getting wrong. I just had lunch with Steve Wynn. He…

From Chicago Business Language on a long-expected proposal to bring widespread Internet gambling to Illinois finally has surfaced in Springfield, and by all indications the plan will be both highly lucrative and highly controversial. The language was circulated late Tuesday, according to my source, by aides to Senate President John Cullerton, who long has said he wants to legalize online gambling because of the potential payoff in state revenue but has separated the issue from the proposed expansion of casino gambling. Mr. Cullerton’s office didn’t officially confirm that something is coming. But his spokesman promised “details to come” — and…