If you thinking using Bitcoin to conduct online gambling transactions will hide winnings from the Internal Revenue Service, you might want to think again.
WASHINGTON, Aug 7 (Reuters) - Two U.S. lawmakers have urged the U.S.
Three Florida men pleaded guilty in federal court in St. Louis Wednesday to online gambling-related charges, marking a first in attempts to shut down online gambling, prosecutors said.
The three are the first individuals to plead guilty in the case involving BetOnSports, which was once one of the largest online gambling companies in the world, and the first convictions of a "non-gambling entity" like an advertising or marketing company for a gambling-related crime, Assistant U.S. Attorney Steven Holtshouser said.
England's largest bookmaker, Ladbrokes, is said to be considering accepting US poker bets in a move sure to rattle the industry.
Mort Saltzman of the Sacramento Bee on Wednesday warned not to get overly worked up about legalized online poker
The largest identity theft ring in US history has been broken up a little over a month after Patrick Kalonji was arrested for stealing over 150 identities from online gambling websites.
Russia may be listed among the countries likely to receive the most gold medals at the 2008 Olympics (+1400 or 14/1 odds at SBG Global
Russia is not without its own anti-Internet gambling zealots, similar to the USA.....and then there are those who - for better or for good - want the entire Internet cleansed .
An article was recently released on Forbes.com that creates several misimpressions that the Morris Mohawk Gaming Group feels compelled to clarify for our customers.
As most of our customers already know, all operators outsource payment processing functions to third parties and these payment processors are subject to regulatory constraints wherever they operate, and, occasionally in the US, are subject to legal action because of the uncertain legal environment there.
It's a question people have been asking for years: Did Bodog founder Calvin Ayre sell his soul to the devil?
With a lifestyle that seems unattainable for most mere mortals, Ayre enjoyed a seemingly endless stream of cash, booze and women. He hobnobbed with big name celebrities who fawned over him as if he were the one with the Academy Award. Ayre's opulent lifestyle would eventually land him on the cover of Forbes prestigious billionaire's issue in March of 2006. It all seemed to good to be true....and maybe it was.
The U.S. government recently seized $24 million from bank accounts linked to Bodog, the giant, illegal-under-U.S.-law Internet gaming operation founded by Canadian tycoon Calvin Ayre.
Federal filings make very clear that a serious criminal investigation of the Bodog enterprise is ongoing. At a minimum, word of the seizures is likely to rattle the confidence of U.S.-based online gamblers that they will receive their winnings, not only from Bodog but from the industry's other remaining participants.
A new online bank catering to online gambling enthusiasts has opened and offers fast and secure online money transfer services.
Lots of people use PayPal but the online payment solution seems to care little about customer privacy.
Those who enjoy the more adrenaline based games will often be the first to turn their nose up when they hear the words "online bingo" uttered.
Atlantic City's casinos have seen their gross operating profits increase by nearly 20 percent in the first six months of this year, according to new state date released Tuesday.