Gambling Department

If there was a prize for the biggest gambling debts, Terrance Watanabe would be a clear winner.

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Terrance Watanabe’s losses were so great they represented more than five per cent of the total revenue made by two casinos he visited, Caesars Palace and the Rio.

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Terrance Watanabe’s losses were so great they represented more than five per cent of the total revenue made by two casinos he visited, Caesars Palace and the Rio.

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The Treasury and Fed gave U.S. fin’l institutions an additional 6 months to comply with regulations designed to ban Internet gambling. The agencies said the new rules, which were to take effect Dec. 1, would be delayed until June 1, 2010. Several members of Congress had sought a delay, arguing that there was considerable support for new legislation to clarify the current laws.

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The Treasury Department and the Federal Reserve are giving U.S. financial institutions an additional six months to comply with regulations designed to ban Internet gambling.

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WASHINGTON – Sen. Maria Cantwell wants to use state gambling laws to regulate parts of Wall Street, saying someone needs to police financial markets where “casino capitalism” involving highly speculative trades she likens to sophisticated betting continue unabated and threaten to create yet another financial crisis.

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The Treasury Department and the Federal Reserve are giving US financial institutions an additional six months to comply with regulations designed to ban Internet gambling.

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Regulation intended to ban unlawful Internet gambling were to start next week.

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Drilling rigs up by seven in Oklahoma to 86

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WASHINGTON, Nov. 27 (UPI) — U.S banks have another six months to comply with regulations aimed at preventing Internet gambling, federal officials said Friday.

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