Lucky You 777, tucked away in a nondescript strip mall on Havana Street, does not look or sound much like a casino. Besides a bank of computer screens lit up with colorful sweepstakes games, there are no stern-looking pit bosses patrolling the floor, no cocktail waitresses serving drinks and, most noticeably, no noise.
As the online gambling market balloons to more than $39 billion over the next three years, security experts are warning it will become a hotbed for money laundering.
Gov. Rick Scott may be in the midst of deciding whether to allow the expansion of gambling in Florida with his negotiations with the Seminole Tribe, but this week he made it clear he vigorously opposes Internet gambling.
With online gambling set to be worth $39 billion by 2016, the industry is at risk of becoming a safe haven for money laundering, according to a report published on Thursday.
According to McAfee’s Jackpot! Money Laundering Through Online Gambling whitepaper, online casino operators are fuelling the increase in cybercrime by making it easy to cash in on crimes.
We need to have a debate about whether we really want a full casino attached to every smartphone in America. With the wave of the executive branch magic wand, unfettered Internet gambling could soon be imposed on all 50 states. When the Department of Justice (DOJ) unilaterally reinterpreted the 1961 Wire Act in December 2011, […]
After betting on blue-sky numbers—and badly overplaying its hand—New Jersey’s online-gambling industry is trying to regroup. In recent weeks, casinos have doubled down on advertising, plastering buses, train platforms and billboards and bombarding radio and TV airwaves. Companies are building smartphone applications, hoping people will play poker on the fly. And they are working to […]
Successful gambling, as the Kenny Rogers song says, requires participants to “know when to hold ‘em, know when to fold ‘em, know when to walk away and know when to run.” It’s the last clause of those lyrics that states mulling a foray into online gambling might be well advised to heed in light of […]
On behalf of the National Association of Convenience Stores (NACS), I’m writing to convey our industry’s strong support for your legislation, the Restoration of America’s Wire Act. This issue is of vital importance to NACS members.
