Posts Tagged ‘Legality’

Douglas Rennick Pleas Guilty of Processing Illegal Payments

Canadian citizen Douglas Rennick was recently accused of processing betting payments for US residents who were playing at online casinos. Today, he pleaded guilty to the charge and by accepting the plea he avoided conspiracy and bank fraud charges.

Rennick admitted that he owned a company that spent two years transferring funds from a Cyprus bank to US acounts to pay off gaming losses. In a statement released by the federal authorities they said that Rennick had provided false statements to US financial institutions about the nature of the business he was conducting.

The US authorities seemed pleased when Rennick accepted the charge of processing payment for Internet poker rooms and online casinos. Prosecutors convinced Rennick to plea to a lesser crime of uncertain nature establishing a beachhead of sorts to anchor their contention Internet casino gambling and poker are illegal. Various US courts expressed their disagreement with the Justice Department, saying the Wire Act applies only to sports betting and leaves the question of online casinos unaddressed by federal law.

I can only say that things like this just make me angry, Rennick is facing a 6 to 12 months sentence for taking the deal. Much less than Mr. Phuong Quoc Truong who got condemned to 70 months in prison for a Huge Casino Gambling Scam.

In the process, however, Rennick has strengthen US prosecutors’ cases against the legalization and regulation of online gambling. His lawyers said that if he had stood trial and been convicted he could have faced a 40 years or more sentence.

We will keep you updated on how this turns out. In the meantime feel free to enjoy our great games at The Virtual Casino.

Product Released to Combat Problem Gambling

In the past we have talked about how problem gambling is one of the main concerns when it comes to considering the legalization and regulation of online gambling. Many legislators still fear that legalizing online gambling will openly support addictive behaviour and this will lead to an increase in the number of people who have to face social and financial crisis because of their gambling.

The good news for this is that a device now being marketed by Techlink Entertainment called Gameplan could be the solution for this. Gameplan was selected by Nova Scotia Gaming Corporation to empower players to gamble responsibly at authorized video lottery terminals (VLT). The VLTs that will participate in this programme are required to install the software from Gameplan, then the plug and play device is inserted into whichever terminal the player is wagering on.

The device will track the wagers and the results and keep players aware of their gambling patterns on a continuous basis. The objective is for players to get a reality check and they will also be different options available to players based on the money-management criteria they enter into the device. For example, players can program the device to limit losses during a gambling session and the device will lock the player out of all the participating VLTs.

Players also have the option to set a time limit on their wagering sessions and also to be prevented from playing any particular day. There is also a “self-exclusion” option that the player can setup from 1 to 3 days.

“Three independent research firms, two Canadian and one from Las Vegas, agreed that our product has a positive impact on gambling behavior. Providing players with the right information and tools is critical in helping them gamble responsibly.” said John Xidos, President and CEO of Techlink Entertainment when describing the background development of Gameplan. He pointed out that Gameplan was the only solution available today that has been backed through extensive field-testing and research.

Currently, the Internet Gaming Study Committee is examining the product for its effectiveness at online casinos.