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Showing posts with the label online gambling

the day the poker died

Massive day for online poker with serious criminal charges being laid against the biggest online poker firms who target the American market.... Online poker companies indicted for fraud NEW YORK (CNNMoney) -- The founders of the three largest Internet poker companies have been indicted for bank fraud and money laundering, federal law enforcement officials said Friday. The United States Attorney in New York unsealed the indictment against eleven people, including the founders of PokerStars, Full Tilt Poker, and Absolute Poker. In addition to charges of bank fraud and money laundering, the companies are accused of illegal gambling offenses. . . . The companies allegedly arranged for the money from U.S. gamblers to be disguised as payments to hundreds of non-existent online merchants for the purchase of items such as jewelry and golf balls, according to the indictment. Those firms are in deep, it will be interesting to see what happens to those firms who refused to take U...

the Netherlands opens up to online gambling

The most ardent opponent to online betting in recent years, the Netherlands, looks like finally dropping its resistance to the industry and introducing legislation to regulate it. In recent years Ladbrokes and Betfair have spent a lot of time pursuing court cases in the Netherlands and at the EU to force the Dutch to drop their hypocritical stance, banning foreign operators but allowing a state monopoly to extort criminal margins from local residents. A new government has just been elected and with it comes sweeping changes. Internet gambling released THE HAGUE - Gambling on the Internet is released. The government thinks so, Rutte eventually hundreds of millions of dollars per year to get. Reported that sources in The Hague. The right-wing government wants licenses to sell or auction among interested companies. The revenues of 100 million euros on per year, but were up to 270 million euros per year increase. Translate the article in Google Chrome if you want to read the ful...