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BERMUDA OPPOSITION WARY OF U.S. ANGER
Reports earlier this week in the Bermuda newspaper The Royal Gazette that the government is considering setting up buisiness as an online gambling jurisdiction have been followed by warning signals from the Bermuda official opposition party concerned that US reaction may be unfavourable to Bermuda's financial services industry.
Shadow Finance Minister Bob Richards cautioned that embracing Internet gambling would be like "waving a red flag to a bull" to anti-gaming authorities in the United States.
Richards said that such a move risks angering American officials who have tried to stamp out Internet gambling and have already clashed with Antigua and Barbuda over its position as an online gambling centre.
He told The Royal Gazette that he believes any perceived link between Internet gambling and money laundering could also jeopardise Bermuda's reputation as a clean host for international business.
"We don't want to go down the same road Antigua went down," he said. "The risk is it would be like waving a red flag in the face of a bull, and the US is not the kind of bull you want to be charging at you."
He said online gambling could make money laundering more difficult to stop as cash is transferred online from one account to another.
"We are trying our very best to keep our reputation pristine as far as money laundering is concerned," the Shadow Minister said. "We are quite frankly inconveniencing people a great deal with this anti-money laundering stuff. The purpose is to keep Bermuda's reputation clean.
"We have an international business sector here that Bermuda is dependent on. Doing something like this could put this in jeopardy — just by putting this in the wrong place at the wrong time."
3 Top Bitcoin Poker Sites -
Bitcoin, in particular, is a cryptocurrency that you can use on various online poker sites and it allows a faster and cheaper way to get money into and out of the online poker site.
Kentucky Derby Odds: Justify still Favorite -
With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.
888Poker Takes Over the States -
With more and more states moving toward online casino integration, an increasing number of international players are moving in on American territory. Who will take the crown of the most popular online poker venue in the United States?
Top gambling ICOs to watch this year -
The gambling ICOs that are being launched in 2018 are of better quality. Unlike the last half of 2017 when ICOs were numerous, the first few months of 2018 have seen a big drop in number.
MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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