• Russia Raids Online Casino

    01 April 2011

    Newspaper

    Russia seems to be taking the hard line with its new anti-online gambling law. The Russian Interior Ministry Police has been cranking down on all gambling but recently raided one of the prolific online gambling operations running within the country.

    Though no specific name has officially been released, all information coming from the raid seems to point to the Goldfishka Casino powered by Microgaming. According to Larisa Zhukova, the Ministry’s representative the raided casino has a profit of about $7,000 (200,000 rubles) a day. Five employees and the owner were arrested and if they are found guilty could face up to five years in prison under Article 171.

    Interior Ministry also stated they seized 65 computers, equipment and about $1 million in cash (27 million rubles) as well as raided the homes of the casino workers and the office in which withdrawals were processed.

    Allegedly the casino, which has operated for over ten years, has also been linked to money laundering through complex foreign bank financial movements. According to the Interior Ministry statement,

    “During its lifespan, hundreds of millions of dollars in illicit profits were laundered through foreign banks by use of complex financial manipulations. The now untraceable illicit profits were eventually invested with offshore companies.”

    As of now the only clue as to who the online casino was comes from the same statement. “The online casino offered a wide selection of gambling options including online slot machines, roulette, virtual blackjack tables and poker; over 470 games in total.”

    Only Microgaming could over such a total number of games but again, no official world as of yet has been released as to the name of the raided casino and Goldfishka is only been speculated.

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