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Scheinberg et al. (10 Cr. 336), three online poker companies were indicted for violating U.S. laws that prohibit the acceptance of any financial instrument in connection with unlawful Internet gambling,[62][63] that is, Internet gambling that involves a "bet or wager" that is illegal under the laws of the state where the bet is made.[64] The indictment alleges that the companies used fraudulent methods to evade this law, for example, by disguising online gambling payments as purchases of merchandise, and by investing money in a local bank in return for the bank's willingness to process online poker transactions.[62] The companies argue that poker is a game of skill rather than a game of chance, and therefore, online poker is not unlawful Internet gambling. There are other legal problems with the government's case, and the indictments did not mention the Wire Act.[65] On July 31, 2012, it was announced that two of the three companies indicted for money laundering and forfeiture settled with the Manhattan U.S. Attorney for $731 million without legally admitting guilt. The government also asked the judge to approve a settlement with the third defendant, Absolute Poker.[66] In March 2016, PokerStars spokesman Eric Hollreiser said his company finally had established an important beachhead in the U.S. market by being able to operate legally in New Jersey.[67] Who Has The Biggest Brain Playoffs Explained Make your first deposit to have your money matched 100% up to £100 and 300 spins on Starburst awarded! T & Cs apply. Mortgages and Loans Caring Site Links Play'n GO Tesla will remain a public company, CEO Elon Musk said Friday night, less than three weeks after he announced to the world via Twitter that he was considering taking the electric automaker private ... Promo Code: RACER35 Gambling is regulated by the Casinos and Gambling Houses act of 1994 which is administered by the Ministry of Environment and Tourism. The legislation allows for a Casino Board which issues Casino Licences and Gambling House Licences to successful applicants. This act also regulates the gambling activities on slot machines and table games in the casinos. Since this act as passed in 1994 it does not have the scope to regulate online gambling which is a modern phenomenon. As a result there are no online casinos operating in Namibia. This is despite two "revisions" to the act in 1996 and in 2006. The revisions led to a ban in the issuing Gambling House Licences in 1996 and then the lifting of this ban in 2006. 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