• Update on F.B.I. Online Poker Crack Down

    18 April 2011

    Newspaper

    Today if you go to pokerstars.com. ultimatebet.com, absolute poker.com or fulltilt.com and you will find a page from the FBI that says:

    “This domain name has been seized be the F.B.I pursuant to an Arrest Warrant in Rem obtained by the United States Attorney’s Office for the Southern District of New York and issued by the United States District Court for the Southern District of New York.

    Conducting, financing, managing, supervising, directing, or owning all or part of an illegal gambling business is a federal crime. (18 U.S.C. 1955)

    For persons engaged in the business of betting or wagering, it is also a federal crime to knowingly accept, in connection with the participation of another person in unlawful Internet gambling, credit, electronic fund transfers or checks. (31 U.S.C. 5363 & 5366)

    Violations of these laws carry criminal penalties of up to five years’ imprisonment and a fine of up to $250,000.

    Properties, including domain names, used in violation of the provisions of 18 U.S.C. 1955 or involved in money laundering transactions are subject to forfeiture to the United States. (18 U.S.C. 981& 1955(d))”

    In the fall out following, PokerStars stated the will guarantee players deposits and was operating business as usual outside the United States. Wynn Resorts however terminated their partnership agreement with PokerStars that was just agreed on in recent weeks.

    So far 3 of the 4 poker companies have remained silent but Raymond Bitar, chief executive of Full Tilt, said yesterday he was surprised and disappointed by the charges and he looked forward to his exoneration.

    Federal prosecutors also filed a civil lawsuit seeking $3 billion in money laundering penalties in what they say was disguising gambling transfers as purchases of items such as jewelry, gulf clubs and the like. A federal judge also issued a restraining order that locks up funds in the sites 76 bank accounts in 14 countries.

    Related News

    • Blueprint gaming adds to its portfolio another branded title goonies return

      Gambling News

      Blueprint Gaming Adds to its Portfolio Another Branded Title – Goonies ReturnIvan Stefanovic19 October 2021

      Blueprint Gaming brings a sequel to its 2018 release called Goonies Return. This game provides a similar playstyle, improved design, and several exciting features that are built on the original idea and allow fans of slot machines to enjoy this title again. This title will be a trademark based on an 80s movie, directed by Spielberg. Betting Options and Bonus Features Like in the original title, the action takes place on 5 reels, 3 rows, and 20 active paylines.

      Read full article
    • Yggdrasil to supply betway with its premium offering

      Gambling News

      Yggdrasil to Supply Betway with Premium OfferingIvan Stefanovic15 September 2021

      Yggdrasil intends to significantly expand access to its gaming library through a collaboration with well-known online casino and sports betting provider, Betway. According to the agreement, the supplier will provide its portfolio to the operator across various regulated markets, including the United Kingdom, Germany, which recently opened the market to licensed online casinos.

      Read full article
    • What are the online gambling trends for

      Gambling News

      The Future of iGaming- Top Trends Shaping Online Gambling IndustryAleksandra Zolotic06 September 2021

      As dynamic as it is, the online gambling industry is constantly undergoing various modifications and transformations. By exploring the possibilities of game development, bringing more efficiency and safety to money transactions, suppliers push the limits and level up player experience continuously. Over the course of the past decades, we have witnessed multiple groundbreaking chances, but surprisingly, there’s always room for more.

      Read full article