Arrest, bill won’t deter online gambling
The arrest of a high-profile online gambling executive and a federal bill outlawing virtual wagers will do little to curb the multibillion-dollar industry, gaming experts say. Former BetOnSports.com CEO David Carruthers nd his company are charged with mail and wire fraud and money laundering.
Related Gambling News:
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- Bingo fans play on despite law
- Arrest Tests Legality Of Online Gaming Rules
- Arrest hits online betting
- BetOnSports PLC removes CEO following arrest
- France backs off on Nylander arrest
- Arrest of gambling executive linked to tax inquiry
- Gaming Experts Say Onling Gambling Will Continue
- US arrest puts online gambling industry on a losing streak
- US arrest fears spark gambling departures
- Gambling Site CEO, Founder Indicted in Web Betting Crackdown
- Congress Passes Measure To Deter Internet Gambling
Do you know that:
- U.S. News and World Report did a comparison of crime rates in cities with gambling versus those that do not. The crime rates were significantly higher in the places that allowed gambling.
- Casino is defined by the Webster's New World Dictionary as the following: a small country house, or a building or room used for meetings, or public amusements, gaming, or a game at cards.
- Gaming is now the States' favorite pastime. More individuals gamble than the combined total of those attending movies, sports, music events, theme parks and live entertainment.
- French mathematicians Pierre de Fermat and Blaise Pascal explored the mathematics of gambling, leading to the formulation of Pascal's theory of probability in 1654.
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