There is another payment processor being charged by the federal government for allegedly sending $44 million in winnings to bettors all across the United States. Company officials of Payment Processing Inc. are now facing charges of operating an illegal gambling business, transmission of wagers and international money laundering.
There are six people named as defendants in the case that was investigated by the IRS’s Criminal Investigations Division and the U.S. Postal Inspection Service. Assistant U.S. Attorney Joel Sweet is prosecuting the case and if found guilty the defendants will face up to 91 years in jail and a $4.25 million fine.
According to court documents filed in the case, gambling funds would go into the company’s bank accounts from overseas and then Payment Processing Inc. would receive emails with the names and addresses of the people who are supposed to receive money. They would then cut a check (less than $5,000) and send them out using fictitious company names.
Most of the betting evolved around sports betting which is unlawful in the United States and according to records involved online sites such as Bodog and MySportsBet. Due to the fact that most of the funds sent involved sports, most experts believe the feds have a strong case against this payment processing company.
Pragmatic Play, the leading online casino provider, is pleased to announce an unprecedented victory in progressive bingo. The lucky player at Princess Casino, received the highest payout on the provider's bingo network of €50,000. This is the biggest recorded bingo win in the history of the brand’s bingo network. This win happened after the provider started its collaboration with Princess Casino and launched its bingo titles on the operator's online platform.
1X2 Network content is now available to players through the Twin online casino provider. The integration between Microgaming and GIG will bring games from 1X2gaming and Iron Dog Studio to players for the first time.
More About the Deal
In addition, Twin will also release its own Megaways slot. This concept allows operators to create custom Megaways names that reflect the look and essence of the brand.
Technology titan, Apple, has put the iGaming industry in its crosshairs again with a recent announcement that will have a big effect on a rapidly-growing sector of the industry.
This time the tech firm is gunning for social casino apps which have become very popular in the last few years and are currently not specifically regulated by most jurisdictions.
Social casinos are casinos where players do not place bets using real money.