A summary of the arrest of online gambling executives
THE ISSUE _ Online gambling Web sites operate legally overseas and are traded on the London Stock Exchange, but wagers made with American customers are illegal under the 1961 Wire Act. -
Related Gambling News:
- Online Casinos Starting to Worry at online casino news and casinos update
- Arrest Tests Legality Of Online Gaming Rules
- Arrest, bill won’t deter online gambling
- Arrest hits online betting
- BetOnSports PLC removes CEO following arrest
- France backs off on Nylander arrest
- Arrest of gambling executive linked to tax inquiry
- Poker Players Move for Summary Judgment Against The World Poker Tour
- 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
- BetOnSports Dismisses CEO After Arrest
Interesting gambling facts:
- The current wave of legal lotteries started in New Hampshire, spread to other North-Eastern states, and then across the nation.
- Catholics were found to be more likely to gamble than Protestants and other religious groups. Catholics were also found to be less likely to disapprove of gambling than other religious groups.
- Gambling is Often Legalized to Promote Economic Development of Depressed Areas. That was an important motivation in Las Vegas, Atlantic City, New Jersey, and many of the other locales for casinos.
- The first games that we would recognize as modern roulette were introduced in Paris casinos around the end of the 18th century. In the mid 19th century the single zero game was invented in France, this reduced the casino's edge thereby increasing the odds of the player.
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