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American Gaming Association Distancing itself from US Illegal Online Gambling Sites
Wednesday September 30,2015 : A.G.A. SEEKS TO DISTANCE ITSELF FROM ILLEGAL U.S. GAMING
Cites organised crime involvement and releases research findings to back up claim.
Addressing an enforcement conference in the United States this week, American Gaming Association CEO Geoff Freeman sought to distance the legal and licensed American gaming industry in 40 states from the illegal activity in gambling across the nation, which he claimed was often associated with organised crime.
Freeman revealed that distinguishing itself from illicit activity has become a priority for the Association, because illegal online gambling damages the industry's credibility and (perhaps more importantly) steals customers.
The Association has embarked on a program of educating lawmakers on the highly regulated nature of the licensed industry, and has at the same time criticised the 1992 federal Professional and Amateur Sports Protection Act that restricts sports gambling to just four states.
Illegal sports betting generates a conservatively estimated $150 billion in wagers annually, and needs to be addressed, Freeman observed.
To illustrate its point, the Association has released a study from Jay S. Albanese of Virginia Commonwealth University which examined federal convictions nationwide in a single year, 2014, involving 40 illegal gambling operations that included online and offshore sports betting, unregulated casino parlours and wagers on animal fights.
The study looked at 10 cases of online sports betting and unregulated casino parlours that linked to larger crime syndicates including the New York and Philadelphia Cosa Nostra families, a motorcycle gang and Texas drug traffickers that led to up to $68 million being seized in at least one case, or an average of $3 million each.
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Mybet Earnings Struggle -
The statement this week reveals that Mybet continued to be hampered by negative trends from historic quarters, making its original performance estimate "unrealistic".
Tom Horn Awarded Malta Gaming License -
Online gambling software provider Tom Horn Gaming has been awarded a Malta Gaming Authority license that permits the company to host and manage Malta-based gaming operators.
Calvin Ayre invests in new Antigua Business Center -
Ayre joined with government officials this week in a ground-breaking ceremony for a five-story centre on Antigua which will be home for the venture. The "green" building will be solar powered and provide employee-friendly services like catering, a gym and child care.
Attack of the Zombies Slot -
Online gambling games developer Genesis Gaming has unveiled its latest game, with a theme based on a horror story of the undead, exploiting the current trend....and just in time for Halloween.
Why is FullFlush Poker Still Down -
Its now almost a month since Full Flush Poker went offline "for a platform upgrade" and stopped communicating with its reportedly many unpaid and unhappy players. All trace of the operator - and means to communicate with it - have vanished.
Time Running Our For Pennsylvanian online gambling -
Hopes that this week would see the Pennsylvanian Senate voting on an online gambling and DFS legalization bill already passed by the House four months ago dwindled Wednesday when no progress was made and the legislatures season officially closed.
Yggdrasil Gaming Expanding -
The Swedish online gambling games developer Yggdrasil Gaming is to establish a new parent company and expand its Stockholm office as it bolsters its presence in Sweden with a raft of new hires.
FanDuel and DraftKings Settle With NY Attorney General -
Speculation earlier this week that daily fantasy sports market leaders FanDuel and DraftKings were about to agree a settlement on consumer fraud suits prepared by the New York AG was confirmed Tuesday when a $12 million settlement was announced.
Stan james Now Live With EPOS -
The company switched to the Optima server less system across its entire estate in July after previously using Optima EPOS technology. The switch was completed early this (October) month and has already delivered noteworthy savings for the company.
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