Which USA companies are poised to take advantage when online gambling gets regulated in the States

17 February 2012

When online gambling becomes fully regulated in the US, there will be a variety of companies that will seek to take advantage of this lucrative industry. These businesses will be comprised of both small and large organisations, as well as the longstanding companies that have been in the industry for years and those that will launch in the wake of online gambling becoming fully legal.

The regulation of online gambling in the US will see a rise in new companies who will be looking to claim their stake in the estimated $4 billion that is spent by US players on a yearly basis.  It will be like a modern day gold rush and as usual, it will inevitably be the player that gets exploited.

New Jersey (which is already a major gambling state), along with Iowa, Illinois, New York and California are all now rushing to propel themselves into that elite group of states that hope to be recognised as the leaders in online gambling.  

It appears as though Washington and Nevada will be the first to start online gambling and to begin with, poker will be the main form of gambling in these states.

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Whatever happened to David Carruthers CEO of BETonSPORTS plc

16 February 2012

For those of you who know of David Carruthers, you should be aware that he was the former CEO of BetOnSports plc who in 2006 was held by US authorities in Texas as he was flying from London to Costa Rica.

This was part of a clamp down by US law who were tackling major offshore organisations that had been offering illegal online gambling activities and services to players within the US.

He was therefore charged for violating US federal laws that directly related to illegal gambling in the US. The indictment of BetOnSports reported that there had been a minimum of nine violations of the law. Carruthers was put under house arrest and the bail bond was placed at $1,000,000. Carruthers actual charge was violating the US Wire Act of 1961.

Three years later in April of 2009, David Carruthers then went on to plead guilty to charges relating to racketeering. He also agreed to assist the authorities during the federal investigation of the founder of BetOnSports, Gary Kaplan.

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Which US States will move first to allow online gambling in 2012

25 January 2012

There have been many states that have been pushing and lobbying for legal online gambling for years now. It’s not a case of just one or two states that are keen to legalise the industry and assist in making the industry fully regulated. There are numerous states that are showing an active interest and are now pushing for change.

It is common knowledge that the US state which is furthest ahead in approving and permitting requested applications for online poker licenses is Nevada, and the institution to approve such gambling portals and hand out licenses to these websites is the Nevada Gaming Commission.

The District of Columbia will also be one of the first most likely to allow online gambling in 2012. There are already predictions from certain expert analysts that US players will soon be able to legally log in to their favourite online casino and start wagering with real money, as early as this year.

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A laymans explanation of the Wire Act of 1961 and how it is affecting online gambling today

23 January 2012

The Wire Act of 1961 is basically a Federal Law that was implemented to prevent organisations and persons in the United States from taking part in any form of gambling which involves wire communications.

This meant that people couldn’t accept or place real money bets or wagers for any sporting events or other similar betting contests through transmissions by wire communications and if people were caught doing this, they could be prosecuted and could face a fine with a maximum of two years behind bars.

Fast forward almost 40 years to the mid/late 90’s, to the age of the internet and all of a sudden there was a boom in websites which started taking online wagers at venues such as online casinos, sports betting sites, bingo sites and poker sites.

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