Gambling Still

Gambling Still

Online Casino Gambling Still Being Fueled By US Market

Play at Golden Casino

The US government can say whatever they want in regards to how well the UIGEA is working, but revenue figures for the online casino industry indicate otherwise. It is the US that is still driving the multi-billion industry.

PricewaterhouseCoopers did a study back in late 2007 that showed how much money was expected to be generated by the online casino industry over the next ten years. the results of that study were staggering.

The Unlawful Internet Gambling Enforcement Act was put in place back in late 2006. That left a full year of a supposed government ban before the PricewaterhouseCoopers study came out. Even with the UIGEA, the study revealed that US customers were driving the online gambling industry.

The study predicted that the US could stand to profit up to $17.6 billion in the next ten years if regulations were created for online casinos. Barney Frank and a couple of other representatives took note.

Frank is trying to have the UIGEA overturned, and it is that $17 billion he will point to as a good reason to do so. The economy in the US is at one of its worst in history, and over $17 billion could certainly help.

One of the intriguing areas of the study had to deal with sports gambling. The study indicated that if sports leagues were to join the regulation process and embrace gambling on their sports, the revenue figure over the next ten years would jump to $42.8 billion.

Judging by those figures, PricewaterhouseCoopers is estimating that people in the US are losing over $2.5 billion a year betting on sports. Right now, that money is going either overseas, or to illegal bookmakers.

The new administration takes office tomorrow, and it may be time for them to take a long hard look at the 2007 PricewaterhouseCoopers study before they make any decisions on the future of Internet gambling in the US.

Gambling Bust

Gambling Bust

Officer Arrested At Gambling Bust in Salt Lake, Utah

Play Now at Las Vegas Casino!

Gambling arrests and busts are becoming commonplace around the United States these days. The latest bust continues a tend that has been taking place. Officers being involved in the illegal activity.

Lee Edward Morris has been an officer with the Metro Gang Unit in Salt Lake County. That fact did not stop fellow officers from raiding a card game that Morris was involved with.

Police raided 1063 E. 3300 South, and what they found was all sorts of gambling paraphernalia. They seized chips, tables, surveillance cameras, and chip holders from the location. They also arrested five people, one of which was Morris for running the game, and five more people, who were players.

The players were issued tickets and released. Morris was booked on charges of suspicion of ongoing criminal activity. The other four were also booked on charges similar to Morris’.

The investigation continued even after officers became aware that Morris was involved in the gambling operation. They waited to make the arrests, but those arrests finally came on Thursday night.

The game allegedly was a high stakes card game. Police estimate that on some nights, over $100,000 per night was brought in by the operation. The game was not advertised, and mostly word of mouth was how information of the game was passed out.

 

Indictments Come Down From Operation High Roller In Atlantic City

Play Now at All Jackpots Casino!

Back in November, several different police agencies arrested twenty people in connection with what authorities called, “Operation High Roller”. Today, the indictments came down in the case.

Jack Buscemi Jr. was charged with conspiracy and money laundering, racketeering, and a third degree charge of promoting gambling. Twenty three other people were also indicted in the case.

The case stems from what authorities believe was a big time sports gambling ring that was being run out of an Atlantic City casino. The Borgata Hotel Casino was the spot, and the operation took place out of a poker room at the casino.

Buscemi is targeted as the boss of the illegal gambling ring. The operation is thought to have brought in over $60 million in bets on various sports events. That was in just a twenty month period.

Gamblers would use the Internet, and would have passwords. Calls were also taken in a wire room in Philadelphia. The ring had several employees of the Borgata that were arrested in the bust. The employees served as agents for the operation.

Gambling Man

Gambling Man

New York Gambling Man Gets Two Years Probation For Casino Scam

Play at Golden Casino

Chen Zhi Qian thought that he had a pretty good operation going. He would buy players club points from gamblers at the Mohegan Sun casino. Then he would use those points to but gold coins, which he would sell for a profit.

It was what he thought was a full proof plan. Turns out the law did not agree with him. Qian was arrested and charged with failing to keep tax records. He plead guilty to the charge back in November.

Monday, U.S. District Judge Alvin W. Thompson sentenced Qian to serve two years of probation for the crime. He was also ordered by the judge to undergo treatment for his gambling problem.

Another aspect of the punishment will be that Qian will not be able to participate in any form of gambling. He also will not be allowed to frequent any gaming establishments.

Qian is from New York City and the fast paced lifestyle apparently got to the forty four year old. He abused the players club points system that is designed to reward gamblers with their frequent gambling. They receive points base on how much money they spend in gaming machines. Those points are then redeemed for freebies such as food and entertainment.

Gambling Floor

Gambling Floor

New Mexico Moving ATM Machines Closer To Gambling Floor In Casinos

Play at Golden Casino

In recent months several states have addressed ATM access at casinos. The state wanted to move ATM machines outside and away from casinos, so that players did not have easy access to cash.

In New Mexico, they have a different idea. Lawmakers want to make it as easy as possible for gamblers to stay in the casino. That may involve passing a Bill that would allow ATM machines in the same rooms where gambling is taking place.

“It is a matter of convenience, and convenience for handicapped patrons,’ said the Bill’s sponsor, Richard Martinez. While he cites convenience as one of his reasons for the Bill, it is clear the law would be to help casinos at tracks compete with Indian tribe casinos in the state.

Tribal casinos have ATM machines right in the lobby of their casinos. This allows players to simply walk a couple of steps and receive more money. The Bill has a lot of support and appears headed towards being passed.

That is worrying opponents who believe that the ATM machines would lead to more problem gamblers. This is an issue that has been debated in several states and studies have been done on the effects an ATM on a casino floor has on gamblers.

“To say that this is convenience is ridiculous. The truth is, if people don’t have to leave, then they spend more money and the state makes more money. It is about generating more revenue, not convenience,” said observer Mickey Brullete.