Mar

01

Recent legalization of online gambling in U.S. raises red flags – National Industry


New Jersey, Nevada and Delaware’s recent legalization of online gaming is raising red flags for states across the country that want to ensure the industry is regulated to protect consumers. Kennedy is calling on the New York State Gaming Commission to investigate illegal online gambling and to protect New Yorkers from predatory sites.

Kennedy also points out that every dollar spent on gambling online illegally is lost revenue for casinos in Buffalo and Niagara Falls, which employ thousands of Western New Yorkers.. banks and bribing others to assure the continued flow of billions in illegal gambling profits.

Kennedy says New York is currently unable to regulate the companies that are licensed in New Jersey, yet these sites will have easy access to New York customers through illegal middle-men who can set up “virtual private networks” to host “online casinos” in New York. These sites took part in an elaborate criminal fraud scheme, involving misleading some U.S. Some of these sites could be pushing for licensing in states like New Jersey, who are now offering legalized online gaming.

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888.com website.

In a press statement released on Saturday, New York State Senator Tim Kennedy (D-Buffalo) said the legalization of online-gaming in states across the country could lead to increased illegal and predatory gambling activity in New York. Kennedy, who has long been an advocate for addiction treatment, says these sites are especially problematic for those suffering from gambling addiction. The technology is very simple and could easily be manipulated to prey on those with gambling addiction across the country – often charging over-the-top fees.

Another large player in the online gaming industry is 888.com, which has been operating from offshore locations for years, has a history of taking illegal bets and offering no protection for minors and other individuals who would be harmed by online gambling.

Now that states are legalizing or looking to legalize online gaming across the U.S., each one should come up with ways to protect consumers from the many bad actors out there, according to one state congressional member.

In 2011, the three largest poker sites operating in country — PokerStars, Full Tilt Poker and Absolute Poker — were charged with bank fraud, illegal gambling offenses and money laundering

Liam Carroll

Liam Carroll

Liam Carroll is the creator of Sportsbook Investing, the premier website for making money with Understanding Sports Betting Odds. He has successfully been beating sportsbooks for years using his proven system and top sports picks based on lines, trends, angles, and years of experience. Learn about his system for FREE at http://markettenola.com
Liam Carroll

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