Tag Archives: Isle of Man

Britain’s biggest online bookmakers are drawing up plans for a mass exodus from the country to take advantage of lower tax rates in gambling-friendly tax havens such as Gibraltar, Malta and the Isle of Man.

Posted on August 6, 2009 by Chris F. Masse

“Industry insiders said the 2001 pact had been killed at a stroke by William Hill‘s confirmation today that it is relocating its fast-growing internet sports betting operation to Gibraltar. Ladbrokes is expected to follow shortly and will face a barrage … Continue reading →

Posted in Betting, Business, Gambling, Regulations | Tagged BetFair, Coral, gambling taxes, Gibraltar, Great Britain, Isle of Man, Ladbrokes, Malta, taxes, United Kingdom, William Hill | Leave a comment

What happened to the NETeller data on the TradeSports-InTrade customers??

Posted on March 3, 2007 by Chris F. Masse

NETeller had this discourse: “Trust us, we are located in a tax/legal heaven (the Isle of Man)” —but they ended up selling customers down the river anyway. Previous: NETELLER RECORDS OF THE TRADESPORTS-INTRADE CLIENTS WHO ARE US CITIZENS/RESIDENTS ARE NOW … Continue reading →

Posted in Regulations | Tagged Isle of Man | Leave a comment

NETELLER RECORDS OF THE TRADESPORTS-INTRADE CLIENTS WHO ARE US CITIZENS/RESIDENTS ARE NOW IN THE HANDS OF THE US DOJ AND IRS.

Posted on February 9, 2007 by Chris F. Masse

Following yesterday’s story on the $55 million of US money (from NETeller clients) held hostage by the US government… Via our Daniel Horowitz (who should set up a blog at WordPress.com), Russ Fox: First, Neteller is considered to be a … Continue reading →

Posted in Regulations | Tagged bank, bank secrecy, CEO, conference speaker, crappy PM, Department of the Treasury, foreign bank account, Internal Revenue Service, Isle of Man, John "phoney" Maloney, John Delaney, prediction markets, Russ Fox, San Francisco, Trader, United States, US government, USD | 3 Comments

US crackdown on internet gambling and betting

Posted on January 28, 2007 by Chris F. Masse

Via the indefatigable Niall O’Connor, this long Telegraph round-up: Jason Chess, a partner at Wiggin, the London law firm, and a gaming law specialist, says: “Nobody should be blasÃ© about what the Americans are doing. They’re acting very aggressively, and … Continue reading →

Posted in Analysis (Industry), Regulations | Tagged American Gaming Association, executive, gaming law specialist, Harry Reid, Helen Thomsen, Internet gambling, Internet Gaming, Isle of Man, Jason Chess, law, London, majority leader, Nevada, Niall O'Connor, online gambling, online gaming, Senate, United States, Warwick Bartlett, Wiggin | 2 Comments

TradeSports reincorporates in two, just in time for NETeller’s immolation.

Posted on January 19, 2007 by Alex Forshaw

Tradesports seems to have completed its reincorporation as/ split into two separate entities, Tradesports and Intrade, just in time for the DOJ to immolate the NETeller founders for “conspiring” to enable online gambling. (The founders of NETeller had resigned their … Continue reading →

Posted in All Guest Authors's Posts, Analysis (Industry), Exchanges & Markets, Regulations | Tagged Alex Forshaw, America, bank account, BetOnSports, Britain, California, chief executive, David Carruthers, director of the company, Federal Bureau of Investigation, instant payment services, Internet gambling, Isle of Man, Isle of Man-based, James Doran, Jim Leach, John Delaney, John Ensign, John Lefebvre, Jon Kyl, Justin Wolfers, law enforcement story, London, Malibu, Manfred Bottner, mini-career mining, Neteller Inc, NETELLER Plc, New York, non-executive chairman, non-executive director, Norbert Teufelberger, offshore internet gambling, oil futures, online gamblers, online gambling, online money transfer, online payment services, online payments, Paradise Island, Paul Tetlock, payment services, Peter Dicks, prediction markets, spokesman, Sportingbet, Stephen Lawrence, The Bahamas, the Times, United States, United States Of America, United States Virgin Islands, USD, Virgin Islands | 5 Comments

Neteller out of the U.S. market: Will TradeSports / InTrade survive? (If “yes”, how???)

Posted on October 20, 2006 by Chris F. Masse

Yesterday, I asked: What do you make of the Neteller announcement defining its position vis-a-vis the Unlawful Internet Gambling Enforcement Act of 2006? (Posted at CFM and at Midas Oracle) This headline of the Online-Casino News website is bad omen … Continue reading →

Posted in Exchanges & Markets, Finance, Regulations | Tagged Internet gambling, Internet Gambling Enforcement Act, Isle of Man, online gambling transactions, online money transfer, Online-Casino News website, United States | Leave a comment