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Sunday, November 8th, 2009

BetOnSports Founder Pleads Guilty

August 15, 2009 by Mark Ellis  
Filed under Business News

BetOnSports Founder Pleads Guilty

Gary S. Kaplan was the founder of the defunct Internet gambling company BetOnSports, but now he could be will be facing significant criminal punishment after pleading guilty to multiple charges of conspiracy to violate the Racketeering Influenced and Corrupt Organizations Act. He will give up $43.65 million and serve 41 to 51 months in jail.
Kaplan was originally charged with violating federal laws regarding interstate transmissions of wagers through wire. Indicted for the charges in 2006, Kaplan was eventually arrested in the Dominican Republic in March 2007, brought back to the United States, and has been in custody since then.
As far …read more

South Africa Online Gambling May Soon Be A Reality

September 12, 2007 by Mark  
Filed under Personal Finance

South Africa Online Gambling May Soon Be A Reality

Online gambling may finally be allowed in South Africa. After many years of being blocked by groups such as the ANC, this amendment is now on the way to the National Council.

Offshore Casinos Still Welcoming US Players & Payments

June 4, 2007 by Mark  
Filed under Personal Finance

Offshore Casinos Still Welcoming US Players & Payments

Hey, Congress, you should have just taxed them like the UK.

NETeller Update, Happier Times Ahead For Execs & US Customers

March 26, 2007 by Mark  
Filed under Personal Finance

NETeller Update, Happier Times Ahead For Execs & US Customers

NETeller has signed an agreement with the DOJ. They are in the process of returning funds to US accounts and their old execs have yet to be charged. So what’s the bad news….?

US Online Gamblers Still Playing, ‘Work Around Number’ Two For February

February 28, 2007 by Mark  
Filed under Personal Finance

US Online Gamblers Still Playing, ‘Work Around Number’ Two For February

New, smaller online payment operations that STILL allow US players to gamble online – how long will these last?

US Online Players Find An Easy New Way To Play

February 23, 2007 by Mark  
Filed under Personal Finance

US Online Players Find An Easy New Way To Play

New ways for US player to gamble online without using the banned payment processors.

Online Gambling & Terrorist Financing: America’s New “Poker Threat”

February 6, 2007 by Mark  
Filed under Personal Finance

Online Gambling & Terrorist Financing: America’s New “Poker Threat”

Wow, the US is now going after online payment systems processor NETeller for terrorist financing ala, Patriot Act

Anti Online Gambling: Feds Play ‘Whack-A-Mole’ With Online Payment Processors

January 26, 2007 by Mark  
Filed under Personal Finance

Anti Online Gambling: Feds Play ‘Whack-A-Mole’ With Online Payment Processors

With NETeller and others gone from the US market, many digital currency operators and online payment systems are stepping up to fill the holes.

Online Gambling & Betting Still Strong via Digital Currency

January 1, 2007 by Mark  
Filed under Personal Finance

Online Gambling & Betting Still Strong via Digital Currency

Online gaming and betting is still going strong, even after new US anti-gambling laws and several high profile arrests. It seems the UK has taken the lead in the industry.


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