Abigail Townsend : The writing’s on the wall for US betting websites
So it has finally happened. US authorities - which always had distinct views about the legality of online betting - struck at the London-listed BetonSports last week. Its chief executive, David Carruthers, was taken into custody and an arrest warrant was issued for its founder. Back home, its shares were suspended and the bulk of its sites closed.
Related Sports Betting News:
- Wall St. Bets on Gambling on the Web
- Dimon, Munger, Rohatyn: No More Vegas
- Wall Street investing in illegal Net gaming
- Wall Street bets on online casinos
- FTSE down on mixed Wall St showing
- Gambling officials feeling fallout from Wall Street’s woes
- dramatic wall dcor
- Wall Street troubles could hit plans for new casino in Atlantic City
- Wall Street firms bet on ‘Net casinos
- Four Wall Street Firms Are Subpoenaed on Online Gambling
- Gambling nemesis Spitzer in trouble
- Bingo hits ‘brick wall’ in smoking ban
Gambling casinos history:
- The most popular forms of illegal games are "numbers", which is essentially a lottery, and betting with bookies, typically sports betting.
- Legal gambling operations in Washington reported $1.7 billion in net receipts in 2005: 61 percent was reported by tribal casinos, 10 percent came from the state lottery. 2 percent of responders in a February state survey said they placed bets online.
- If you have even seen a Baccarat player bend the cards and make a fold in them, don't be surprised. This is common because once the decks in the card shoe are finished in Baccarat, they are usually thrown away. In Baccarat, do not bet on a tie hand.
- 1941: The Strip gets its first luxury hotel. El Rancho Vegas sets the trend for many of the themed resorts that sprout along the Strip in later years.
1942: The first wedding chapel, the Little Church of the West, opens on the Strip in the Last Frontier Hotel.
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