The Government will tomorrow stress its commitment to selling its Tote betting business despite suggestions it may get only about £280m against the £400m it once hoped for.

Betfair, the Great Britain-based online betting exchange, continues to negotiate with officials in the United States and is inching closer to a deal by which it would compensate horsemen for use of their product.

A researcher recommends the U.S. and Canada legalize online gambling to better keep tabs on it.

Antigua's finance minister says it could take several more months to resolve an Internet gambling feud with the U.S.

Racing Victoria Chairman Michael Duffy was blunt when asked recently about the recently passed race fields legislation in New South Wales.

A ruling in the matter of US Government vs. BetonSports, et al. concludes that the defendants do not have any legal standing under the GATS treaty.

This week, Rep. Jim A. McDermott (D-Wash.) introduced legislation that would legalize, regulate and tax online gambling. I’m not sure if it’s ever going to happen, but in the meantime, it should be noted that it’s getting harder and harder to bet online.

Senator behind plan claims $300 million at stake for state

Congressman James McDermott (D-WA) has taken a second stab at creating a federal revenue/tax-generating mechanism for online gambling with the introduction of his "Investing in our Human Resources Act of 2008."

A new study shows online gambling is more addictive than casino gambling and suggests legalization and regulation could curb some of the harmful effects.

The state-owned betting pool operator, Tote Ireland, is set to join forces with British bookie Ladbrokes from today.

Analyst Jon Tarasewicz of Deutsche Bank maintains his "buy" rating on Playtech Ltd (P2L), while revising his estimates for the company. The 12-month target price has been raised from 520p to 660p

Playtech is lining up what it called a “significant” acquisition with an affiliated company in online gambling, using some of the £112m it raised in a placing last month.

The online poker world was buzzing on Wednesday with the news that Congressman Jim McDermott (D-WA) had introduced legislation that would allocate up to $40 billion over the next decade to provide educational and job training assistance to current and former foster care participants as well as people in declining job sectors. How does this affect online poker, you ask? Great question! The $40 billion in revenue won’t come from existing taxes or even increasing the federal deficit. Instead, the new relief will come from federal taxation of internet gambling, if and when the industry is allowed back into the United States.

The legality of real-money online poker is colored with different shades of gray in various jurisdictions. Its legality in Germany hinges in part on how much of the game is up to chance. A decision in that country could spell out an important precedent for the entire EU, according to Axel Freiherr v. dem Bussche and Tobias Schelinski.

The bill by California Assemblyman Lloyd Levine (D-Van Nuys) which would lead to the legalization of intrastate online poker in California has cleared a significant legislative hurdle and is on its way to the Senate Appropriations Committee in August, its final stop before coming before the full State Senate for a vote. If the bill is passed, and signed by the governor, California would become the first state to legalize intrastate online poker for its residents.

At a time when most economic news is bleak, maybe we can take a tip from England, and the British Open bets that will be placed this week with that nation's legal bookmakers.  There, winnings are easily taxed.

Interpuestas.com, a Spanish subsidiary of the Austrian sportsbetting company Interwetten AG has announced that it is to become the principal sponsor of Spanish football team Real Club Deportiu Espanyol de Barcelona next season.

Morgan Stanley has kept its 'overweight' and 'equalweight' recommendations on William Hill and Ladbrokes respectively, while reducing its target price for William Hill to 485 pence from 585 pence and for Ladbrokes to 325 pence from 365, according to traders.

Playtech Limited reported a 75 percent increase in the second quarter revenue to $42.4 million compared with the corresponding period in 2007, adding the company has had a good start to July with further continued growth in both casino and poker.