Internet Gambling Founder to forfeit 300 million
An online gambling founder will forfeit $300 million to US Authorities after pleading guilty to anti-gambling laws.
From the BBC:
The billionaire co-founder of an internet gambling company has pleaded guilty to violating US internet laws and agreed to forfeit $300m (£192m).
Anurag Dikshit, co-founder of the UK-listed company PartyGaming, entered the plea in a New York federal [...]
Washington Post investigates the world of Online Poker
The Washington Post has an investigative series into the world of Online Poker.
Read the series here.
US Treasury and Federal Reserve make internet gambling illegal
New rules established by the US Treasury Department and the Federal Reserve has essentially made Internet gambling illegal as it placed restrictions on the ability of gambling sites to pay winnings.
From the Wall Street Journal:
The Treasury Department and the Federal Reserve issued rules that bar financial companies from processing payments connected to most gambling Web [...]
Anti-Gambling agency needed for world sports, experts say
Betting experts are stating that an anti-gambling agency is needed to help regulate the international gambling market and to eliminate illegal gambling rings.
From the AP (via IHT):
The global sports industry needs an international agency to fight illegal gambling and match-fixing, betting experts said Monday.
Corrupt betting — worth tens of billions of dollars each year to criminal [...]
Russia’s plan to create gambling city could lead to illegal gambling
Russia’s plan to build a city dedicated to gambling is hitting a snag due to the global financial crisis, leading some to worry that a black market in illegal gambling could emerge.
From USA Today:
Russia’s grandiose scheme to build a Las Vegas from scratch in 18 months is turning into a sour bet because of the [...]
Illegal Philippines Gambling site made over $100 million over 18 months
An on-line gambling site in the Philippines was busted by South Korean Officials after making over $100 million over 18 months.
From the AFP:
The ring allegedly opened a casino in Manila in February last year. They hired 30 Filipino dealers and webcast baccarat games being staged at the casino to domestic online participants.
In order to assure [...]
Kentucky attempts to seize gambling domain names
In an attempt to protect its local gambling industry, the US State of Kentucky is asking a court to allow it to seize 140 domain names of Internet gambling sites.
From the Lexington Herald-Leader:
Kentucky is commandeering 141 domain names of Internet gambling sites in a novel legal move to crack down on the unregulated industry.
Franklin Circuit [...]
Michael Phelps creating headaches for bookies
Due to his dominating performance at the Beijing Olympics, US swimmer Michael Phelps is creating problems for bookies as gamblers continue to bet on his feats.
From Reuters (via The Guardian):
He’s the hero of the Beijing Olympics — but Michael Phelps has become the bane of bookmakers.
Gamblers have joined Phelps’s winning streak with online betting sites [...]
Major League Baseball facing gambling probe
Major League Baseball is in the midst of a gambling probe.
From ESPN:
A former Washington Nationals part-time scout is at the center of a probe by Major League Baseball that has led to the firing of one scout and could result in disciplinary action against at least seven others, ESPN.com has learned.
Frank Falzarano, 54, of Seaford, [...]
All 50 states now ban cockfighting
Louisiana is set to become the last state in America to ban cockfighting.
From the AP (via Google News):
On Friday, Louisiana will become the last state to outlaw the rooster fights, a move that cockfighting enthusiasts say marks the end of a rich rural tradition.
“The culture, the custom of the Cajun people, it’s gone,” said Chris [...]
