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To: Gator who wrote (3775)7/26/1999 10:40:00 AM
From: Burgoo  Respond to of 8858
 
Judge: Internet Gambling Co. Broke NY Laws
BY: By Edward W. Lempinen. STAFF WRITER
EDITION: NASSAU AND SUFFOLK
SECTION: News
DATE: 07-24-1999
A13

A Bohemia-based company that made Internet gambling available to
New Yorkers from a foreign Web site broke state and federal laws and
could be subject to thousands of dollars in fines, a State Supreme Court
justice has ruled.
The decision, signed Thursday by Justice Charles Edward Ramos and
released Friday, is apparently the first state court ruling on the
growing business of interactive gambling on an array of casino games and
sports events.
In his 20-page decision, Ramos sided squarely with the office of
state Attorney General Eliot Spitzer against World Interactive Gaming
Corp. and its Golden Chips Casino, an Internet operation on the
Caribbean island of Antigua.
Attorney Anthony Colleluori, representing the company, said the
ruling would be appealed. Because the courts are charting their way
through unexplored legal terrain, he said, rulings from higher courts
will be needed to clarify an area that pre-Internet laws never
envisioned.
Experts have predicted Internet gambling could grow into a
$10-billion industry.
The Federal Trade Commission also has filed suit against World
Interactive, Colleluori said, and the legal pressure has forced the
company and Chief Executive Officer Jeffrey Burton to suspend
operations.
The state's case focused on whether World Interactive misled
investors when it solicited start-up money, and second, whether it was
subject to New York laws if its Internet server is in Antigua, where
such gambling is legal.
Ramos ruled that if New York residents at their home computers
signed on to the company's Web site and placed a bet, the gambling took
place in New York, not in Antigua.
Though the company insisted it tried to bar New Yorkers from using
its service, the judge rejected that argument.
Ramos awarded penalties and court costs to Spitzer's office, and
said the amount would be set at a later hearing.

Oh well guys, I guess that private is going to be a little more difficult to get done.

link is long

library.newsday.com



To: Gator who wrote (3775)7/26/1999 5:05:00 PM
From: Gator  Respond to of 8858
 
Remarkable Day, Given Current Market Conditions!!! :> Later...Gator