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Austria Charges Bwin.Party Execs with Bribery

Austrian officials have charged two Bwin.Party executives with bribery in relation to the company's failed 2007 bid to obtain a Turkish sports betting license. Norbert Teufelberger and Manfred Bodner were both charged with money laundering, breach of trust and corruption. The charges were laid against Teufelberger and Bodner were presented back on January 12, but…

One Down, 49 to Go – Virginia Approves Daily Fantasy Sports Bill

The Commonwealth of Virginia has become the first U.S. State to legalize and regulate daily fantasy sports. It's the first good news the beleaguered daily fantasy sports industry has had since its free-fall began last October. The Fantasy Contests Act (SB 646) was approved by both houses of the Virginia Legislature and is now awaiting …

Feds Target Western Union in Online Gambling Probe

Western Union, one of the largest payment transfer companies on the planet, is the target of a Federal investigation involving online gambling payments from offshore casinos. According to CNBC, the feds have issued a large number of subpoenas to the company for documents relating to online gambling payments. In what could be an ominous sign…