Malaysia’s Berjaya buys sports betting firm | Reuters

to Ascot

… Tan also controls Berjaya Sports Toto (BSTB.KL), one of

three number forecast operators in the mainly Muslim country.

Shares of Berjaya, which were suspended from trading on

Tuesday, will resume trading from Thursday.

(Reporting by Soo Ai Peng; Editing by David Holmes)

($1=3.203 Malaysian Ringgit)

Separately, Berjaya said it is planning to raise m88 about 614

million ringgit from a rights offering.

Shares of Berjaya Sports Toto ended up 2.7 percent ahead of

the announcement on Wednesday.

“The Minister of Finance has given its approval … to carry out sports betting operations upon certain terms

and conditions,” Berjaya said in a stock exchange filing.

“The primary focus of Ascot will be on sports betting on

soccer games in the initial stages with the aim of increasing

their product service offering to other sports in the future,”

it said.

Berjaya will pay 525 million ringgit ($163.9 million) to

gaming tycoon Vincent Tan for a 70 percent stake of Ascot Sports

Sdn Bhd, which recently obtained approval from the government to

conduct a sports betting business.

KUALA LUMPUR May 12 Malaysian gaming group

Berjaya (BGRO.KL) will acquire from its major shareholder a

sports betting operator after the southeast Asian country

legalised the activity, the company said on Wednesday.

Ascot is expected to kick start its sports betting operation

in the second half of this year, with its retail betting

operations being housed at selected Sports Toto outlets, the

company said.

www.hhht888.com/indonesia.htm

Make Bets That Assure You A Win

Managing your betting amount is a crucial part to consider while you are placing soccer bets. Both of the teams have unbeatable good players,but then you should make bets after doing plenty of research work,don’t just stick to one,play smartly. Website offering betting tips have plethora of tips along with a statistical analysis that guides you and let you focus on the certainty of the bets at stake. You can also take a look on online lives scores of the matches and take the reviews of expert’s punter

All of us are aware that betting is a risky affair,this unpredicted event can take you to deep profits and at the same time you can lose also. Online betting websites are a great source which provide players with enriched betting odds, higher stakes and array of bets for novices as well experienced punters. Websites guides players about recommendable bookmakers, betting tips, free bets and bonuses which let the players to m88 asia have a unique betting style.

. Many times you might be very close to win,but end up losing. Making money from soccer betting is all the matter of taking advantage from the information. Generally people get excited and make bets for larger amount all the time,this can lead them to debts because bankroll emptied quite early.

Online-betting.me.uk provides all information that you require for placing winning soccer bets.

As the grand soccer world cup 200 is gearing near, players have great opportunity to try hand in making lucrative bets. However, despite of being an unpredictable affair betting lets you make huge money within a short span. Make sure you have maintained a betting limit , instead of wagering with hefty bucks, play with a small amount many times. Losing with a small amount will not be a disaster,you can easily make other bets with more excitement and fun.

By: Pedro Walker

Make your thoughts clear had have a strong base to make the most of this soccer betting season.

Article Directory: http://www.articledashboard.com

The real of of online soccer betting is not as simple as the flip of a coin which lets you decide outcome of the match. It’s quite visible that Spain and Brazil are hot favorites for this soccer season, with presence of other teams,you need to carefully analyze their individualized performance and then place bets. Here you get trusted and reliable statistics, tables, betting tips and latest results that relates to football betting. It is essential to make a strong by soccer betting,you do not easily lose your calm and play with utmost patience.

The money making strategy in soccer betting is all about taking advantage from the information available,the more you are acquainted with latest trends the more you have chances of making as much money as you can

www.hhht888.com/vietnam.htm

Sports betting vs. the stock market: Which is riskier?

Manning is really, really good at what he does for a living.

CNNMoney (New York) First published August 31, 2014: 8:14 AM ET

Terms & Conditions apply

NMLS #1136

SMARTASSET.setSmartAssetScript = function()

console.log(‘starting setSmartAssetScript’);

SA = document.SA ;

SMARTASSET.setSmartAssetDiv();

SMARTASSET.setSmartAssetScript();

They both believe they can predict the future, and they sometimes fall into the trap of making decisions with their hearts instead of their brains. Which casino in Atlantic City, Las Vegas or Macau pays the bettor 73% of the time?” said Sam Stovall, chief investment strategist at S&P Capital IQ. The stock might go up and down some, but it typically doesn’t go to zero.

The same can’t be said for those who bet big on the Denver Broncos last Super Bowl.

But don’t let those similarities fool you.

In the long run, investors have the chance to make more money because there are fewer downside risks. And in neither instance can you be guaranteed to be correct,” said Randall Fine, managing director of The Fine Point Group, one of the casino industry’s largest consulting firms.

Related: Apple and 9 other stocks hit new records

Investors also have the ability to spread their money out among many stocks.

Such hedging tools are not as readily or even feasible to sports gamblers, Fine said. It’s easy to see why fans may be tempted to gamble on their favorite teams and athletes. Gambling on sports may be more fun, but it’s definitely a more risky use of money than putting it in the stock market. He asked for his identity to be withheld due to legal concerns.

‘;

for (i = 0; i 4)

afterParagraphFour = true;

currentParagraph = storytext.childNodes[i];

heights += currentParagraph.clientHeight;

if (heights >= limit && insertAfterThisParagraphIndex === -1)

insertAfterThisParagraphIndex = SMARTASSET.setDivIndex(i);

console.log(“insert after paragraph number ” + i);

console.log(“HEIGHTS = ” + heights);

console.log(“LIMIT = ” + limit);

/* div with id=”ie_column” */

else if (storytext.childNodes[i].nodeName.toLowerCase() === ‘div’ &&

storytext.childNodes[i].id !== “undefined” &&

storytext.childNodes[i].id ===”ie_column”)

heights = 0;

limit = 80;

insertAfterThisParagraphIndex = -1

/* embeds from twitter, facebook, youtube */

else if (storytext.childNodes[i].nodeName.toLowerCase() === ‘div’ &&

storytext.childNodes[i].classList.contains(‘embed’))

heights = 0;

limit = 80;

insertAfterThisParagraphIndex = -1

/* cnn video player */

else if (storytext.childNodes[i].nodeName.toLowerCase() === ‘div’ &&

storytext.childNodes[i].classList.contains(‘cnnplayer’))

heights = 0;

limit = 80;

insertAfterThisParagraphIndex = -1

/* images */

else if (storytext.childNodes[i].nodeName.toLowerCase() === ‘img’)

heights = 0;

limit = 80;

/* images stored in figure tags */

else if (storytext.childNodes[i].nodeName.toLowerCase() === ‘figure’)

heights = 0;

limit = 80;

if (heights >= 875 && afterParagraphFour)

storytext.childNodes[insertAfterThisParagraphIndex].insertAdjacentHTML(‘afterend’, smartAssetDiv);

smartasset = document.getElementById(‘smartasset-article’);

smartasset.style.float = ‘left'; // allows module to have text float to right

smartasset.style.marginRight =’20px';

smartasset.style.marginBottom =’25px';

.

“A large, steady company has a low chance of plummeting and causing you to lose all your money, but even Peyton Manning doesn’t cover the spread sometimes,” he said.

At the same time, investing in stocks actually carries higher upside potential.

“You’re making a wager based on some facts and some intuitions. Heck, even his commercials are funny.

Related: 4 reasons September could be good for stocks

The betting appeal: Americans bet an estimated $380 billion each year on sports. And of course, they both hate to lose.

Even the unlucky investors who m88 jumped into the market at its peak in October 2007 eventually made their money back when stocks reclaimed their pre-recession levels in 2013.

A stock can theoretically be held onto for an infinite amount of time, but a sports bet can end in the blink of an eye.

But take it from one person who has lots of experience in both worlds. Gambling on football star Peyton Manning to win might seem like a safe bet, especially compared with picking winners in the stock market.

“A lot of people regard investing as gambling, but I frequently say no. People often invest in funds that buy dozens or even hundreds of stocks, which helps reduce the risk.

“Betting is more difficult and riskier,” said one resident of Hoboken, New Jersey, who bets on illegal gambling sites and also invests in stocks.

And investors have greater access to tools that can minimize the risk of losing money.

Related: How $2 billion Clippers bet could pay off

Gamblers and investors also have far different time horizons. While many stocks offer steady returns, investors sometimes hit the jackpot (think: buying Apple back in early 2009 or Tesla in 2012).

Those are pretty good odds. For example, a stop-loss order instructs a broker to dump a stock when it tumbles below a specific price. A bettor gambling on the Green Bay Packers will instantly lose his or her entire $500 bet if Aaron Rodgers and his teammates fail to win or cover the spread.

To put it another way, the stock market is a lot more forgiving than the MGM Grand (let alone your local sports bookie).

However, someone sinking $500 into Apple stock has little risk of losing that entire initial investment, especially in the short term.

That’s the percentage of time that Stovall’s research shows the S&P 500 — the gold standard in the stock market — has increased in value during the years since 1926.

All or nothing: Gambling on sports tends to be a zero-sum game.

“You can hold onto your betting tickets all your life, but you’re not going to get squat,” said Stovall

www.hhht888.com

Football Betting Odds, Tips and Previews

For customers in the UK, TSE (Gibraltar) LP is licensed and regulated by the Gambling Commission, Licence Number: 000-039561-R-319411-002. Fixed Odds & Multiples bets are placed with PPB Counterparty Services Limited which is licensed and regulated by the Malta Gaming Authority. Venera, SVR 1851, MALTA. Address: Units 2/4 and 2/5 Waterport Place, Gibraltar. Licence Number: MGA/CL3/454/2008 17th March 2015, Triq il-Kappillan Mifsud, St. For any other Betfair-related queries, contact the helpdesk

© Betfair 2007-2017

BETFAIR ® and the BETFAIR logo are registered trade m88a marks of The Sporting Exchange Limited. Licence Number: MGA/CL2/294/2006 12 March 2013, and for customers in the UK, licensed and regulated by the Gambling Commission, Licence Number: 000-039439-R-319330-003.

WE ARE A SECURE OPERATOR | 18+ Gambleaware.co.uk

For any queries relating to Betting.Betfair, e-mail Copy@betfair.com. All rights reserved.. ©The Sporting Exchange Limited. Betfair International Plc is licensed and regulated by the Malta Gaming Authority

join88bet.com

Sports Betting Odds by Benered Fransisco

The sports betting odds makers set the money line, as more money must be risked for the favorite or the person expected to win and very less on the underdog or the person more likely to lose, so that there occurs a balance between both sides of the contest.

In college, also sports betting odds have taken reign even though it might be considered illegal by many. In sports betting odds, there are many things, which are illegal such as transmitting information on gambling across the state for placing, or taking bets is considered illegal. Apart from this, he also works as a consultant on gaming management, strategies, personnel and marketing. In such sports like boxing, the only thing that counts is who wins and who loses, and in such cases, the money line wagering enters in!

In sports betting line, money line is like point spread that is used to equal the attractiveness of the favorite and the underdog for the person betting. The bookies set a lot of numbers by keeping the public in mind and the person who begins to study can understand easily as to how the person can gain more and on the numbers set by the bookies. . This field is considered as a way to make huge profits if the person is a smart bettor who has practiced proper money management. It is an entirely different case in sports betting odds, as about 75% of odds are established for the licensed Sports Books in Nevada as well as for Oregon State Lottery by Las Vegas Sports Consultant Inc, which is run by Michael ‘Roxy” Roxborough. Money line in sports betting odds is decided by the event winner with fun88 no regard to the point spread as there is occurs no point spread. In sports betting odds, the odds are made not by the common people. In sports betting odds, such as football odds is becoming more vibrant each year. In sports betting odds, the odds are termed as “MONEYLINE”.The sports betting odds there are no point spread for many of the sports such as boxing, tennis etc as there occur no way to measure the points or score in which the player wins or loses by. And most of the illegal books of Nevada draw their odds from casinos. But even then, there occur many loopholes through which people play their own gaming!

Sports betting odds can be defined as “the likelihood of an outcome occurring that is stated in a number form”. The main basis of the wager is the straight up outcome, which is not in to a point spread

https://www.fun88no1.com

Internet Gambling Facts and Problems

For more on this, you must read about the impact of Internet gambling. However, there is no evidence to prove this, as casinos and race tracks are a more common and prominent reason behind the rise in money laundering.

Problems

Internet gambling, as most of us know, is any form of gambling that makes use of the Internet. Your favorite game is just a few clicks away.

The problems with Internet gambling mainly include the risk of addiction and that of the emergence and spread of illegal practices in society.

? Internet gambling lacks a centralized regulation. The Fifth Circuit Court of Appeals of the United States has proclaimed that the Federal Wire Act applies only to sports betting.

? In 2004, Google and Yahoo! declared the removal of online gambling advertisements from their websites.

? An excessive exposure to Internet gambling activities can lead to addiction. The lack of regulation makes online gambling a prey to network hackers. Lacking regulation, these sites are vulnerable to attacks by network hackers. And it results in a splurge of money that can rather be utilized for better reasons.

? Gambling activities that involve online money transactions are a greater risk. One instance of winning money is sufficient to tempt a user to bet more. A few occurrences of winning good amounts of money is enough to lure him into risking more. People who have never gained any exposure to land-based casinos or local bookies find online gambling enjoyable. It can lead to addiction among youngsters. Users can sign up to their websites and bet money through electronic transactions. It leads to a waste of resources (time and money). But one cannot get lucky every time. Once lured by the money that can be made through such activities, it’s not unnatural for a user to get addicted to this form of gambling. A majority of children and youngsters are attracted to online gambling.. Hackers gain easy access to confidential information of the users.

One of the major Internet gambling problems is its detrimental effect on society. With one’s money involved, there is also a risk of one’s financial or account information being hacked.

? Gamblers seen around the world can be classified under a few basic categories.

? The Interstate Wire Act of 1961 is a federal law of the United States that prohibits the operation of certain kinds of betting practices in the country. In this case, it can lead them to compulsive gambling wherein a person feels compelled to engage in gambling activities for which he/she sacrifices his family and career.

? It is said that money-laundering activities are common in case of online gambling. One of the most important advantages of Internet gambling is that it does not require you to leave your home. Losing big money results in heavy financial losses, which can in turn lead to frustration.

? In most members of the European Union and the nations that surround the Caribbean Sea, different forms of Internet gambling are legalized.

? It is commonly believed that there are higher chances of people getting addicted to Internet gambling than to other forms of it. There are various Internet gambling companies that offer users the option to play games and gamble online. Online casinos, online poker, online sports betting, among others, are some of the common forms of Internet gambling. As no government authority regulates online gambling, it can lead to the spread of several illegal practices. However, if one is to think about the waste of productive time that online gambling results in, and the other problems that it can lead to, it becomes clear why one should stay away from online gambling or at least restrict the time spent on it.

Facts

? The Internet gambling industry is one of the most profitable ones today. In an attempt to win more and more money, one continues staking it, even thoughtlessly at times. For professional gamblers, it is their major source of income.

Casual social gamblers engage in gambling activities for the purpose of entertainment.

Serious social gamblers involve in gambling with great sincerity and may end up spending huge amounts on it.

? Some gamblers engage in gambling activities for escaping from the stress in their life

How to Permanently Delete Your Accounts on British Gambling Sites

You can do it. I found out about these risk free bets through a very popular money saving website based in the UK. However if we were all capable of doing that, then there would be no profits for the online bookmakers.

My Experience with Gambling Sites

Towards the end of 2011, I began taking advantage of risk free bets on the William Hill website. To fully disable any access to your online account you will need to enter into a “self exclusion” agreement with the company involved.

Conclusion

If you feel that your gambling is no longer under your control, then the option to disable your accounts for a set period of time is available.

I first tried to cancel my accounts but within a day I had reactivated them and was gambling again. Generally the sites will not discourage you and instead assist you if you want their help. I made the decision to permanently disable all my online gambling accounts. While the bets were risk free, though, I found myself hooked on the spinning wheels and bonus rounds. I read through William Hill’s responsible gambling guide and found out about self exclusion. Good luck!

Soon, I found myself logging into my William Hill account first thing in the morning and then every fifteen minutes whilst I worked from home. Below, I will let you know my experience with each company. I went from making risk free bets to making one off £1.00 bets until I was regularly spending £50.00 on a single spin.

Self Exclusion on Gambling Sites

Online gambling can be fun hobby if you are able to set your limits and control your spending. I had a talent or a knack for gambling and I took my winnings up to £600.00.

Once you lose the ability to control your spending, your best course of action is to remove your access from your favorite sites. The forums on the money saving site were full of people bragging about four-figure wins from these bets. This article explains the process for the main bookmakers in the UK.

By early January 2013, I was heavily overdrawn and realized that my gambling was no longer fun and if I was to keep my self out of trouble I would need to take some serious action.. However, deleting your account is not enough as you can reopen your account at any time

Icahn to close Trump Taj Mahal casino in Atlantic City | Reuters

Its property tax base eroded when its gambling industry lost value because competing casinos began opening in neighboring states.

Atlantic City, once the U.S. Four of its 12 casinos remain shut after closing in 2014, though one of them reopened as a hotel only.

(Reporting by Hilary Russ; Additional reporting by Stephanie Kelly; Editing by Grant McCool and Steve Orlofsky)

The casino was once owned by Republican presidential nominee Donald Trump, who lost his stake in it during its bankruptcy. Closure of the casino, which is in the midst of a strike by its unionized workers over wages and health insurance costs, would be another blow to the struggling New Jersey beach resort. East Coast’s only casino gambling site, is struggling to pay its bills and has until November to devise a fiscal recovery plan or else face possible state takeover.

“Atlantic City has been resilient for over 160 years and we will continue to do so, as we rise to meet any challenge ahead of us,” Guardian said.

“In the end he’ll have to live with what he’s done to working people in Atlantic City,” he said.

“The great dealmaker would rather burn the Trump Taj Mahal down just so he can control the ashes,” McDevitt said in a statement.

He said the company intends to send required layoff notices to workers before this weekend, adding that Icahn’s company has lost nearly $100 million “trying to save the Taj.”

“Currently the Taj is losing multimillions a month, and now with this strike, we see no path to profitability,” Tony Rodio, chief executive of Tropicana Entertainment Inc (TPCA.PK), said in a statement.

Atlantic City Mayor Don Guardian said in a statement that it is “unfortunate and disappointing” that no resolution has been found to keep the Taj Mahal open.

Bob McDevitt, president of Unite Here Local 54, which represents about 1,100 workers at the casino who will lose their jobs, called the closure “petty” and an attempt to break their labor strike.

Atlantic City’s Trump Taj Mahal casino, owned by Carl Icahn, will close at the end of the summer, the billionaire investor’s company (IEP.O) said on Wednesday.

The board of the Taj and Icahn Enterprises “cannot just allow the Taj to continue burning through tens of millions of dollars when the union has single handedly blocked any path to profitability.” said Rodio, whose company is controlled by Icahn. “The Boardwalk is littered with empty monuments to his greed.”

CNN – Gambling online? You bet!

“Since there are no controls at present regarding Internet wagering, I would urge investors to shun these firms at present,” he says. That may suggest that, as some legal observers have argued, the 1961 federal Wire Act is too old and too loosely written to prohibit online gambling. Today, a roster on one “gambling portal” site lists well over 200. A Ninemsn spokesperson says that the site does not now offer online gambling and would not comment on future plans. “Think about what would happen to Wal-Mart (WMT), General Motors or Microsoft if these companies had to continue to dodge federal roadblocks to access their customers,” says Sebastian Sinclair, senior associate at Christiansen/Cummings Associates, a management consulting firm. has had little cooperation from any other nation. Failure to account for that specificity in legislation could stifle the Internet’s growth or chill its use as a communications tool. (However, an HBO sports program attempted to locate one of these ventures in Aruba, and ultimately found that the genuine server was in a residential neighborhood in Bethlehem, Pa.) And the Caribbean nations would like to keep their haven status. Casino games are available on a site or via downloadable software. attorney for the Southern District of New York, indicted 14 managers of six Internet companies for offering gambling on their sites. “I wager on football games and usually bet in the neighborhood of $1,000 every weekend. Aruba, for one, is refusing to extradite any indicted individuals to the U.S., and thus far the U.S. The minimum amount to begin an account varies. But they say the more bettors, the better.

Does the seeming invincibility of online gambling make it an enticing business? Jason Ader of Bear Stearns, urges caution. But the growing acceptance of online betting and the Internet’s inherent ability to shatter jurisdictions bring the inconsistencies of American gaming law to a boil. One Australian state, Queensland, is already awarding licenses for online gambling, and others may follow soon.

Gambling is as at least as old as Christianity (that is, if Ben Hur can be trusted).

Finally, the DoJ believes that any federal law must recognize that the Internet is different from other communications media: It’s a multifaceted communications medium that allows for both point-to-point transmission between two parties (like the telephone), as well as the widespread dissemination of information to a vast audience (like a newspaper).

Second, legislation should be technology-neutral. Nor would it prohibit online fantasy sports leagues, online lotteries in states where they are legal, or online betting on any live horse race where it would otherwise be lawful to wager. attorney’s case involved the casinos’ sportsbooks. In 1997, published reports put the total number of operating online casinos at 15. But as more and more traditional firms become involved, the consumer will look for the brand name.

You might think that the prospect of competing against the likes of Microsoft would terrify a $20 million company like Inland. Kyl introduced a revised version earlier this year, removing some of the more onerous and hard-to-enforce provisions. The Standard obtained a Department of Justice analysis of the bill S. Their case is based on the 1961 Wire Act. If, on the other hand, an activity is in the physical world – betting on horses, or casino betting with Indian tribes – it becomes subject to federal criminal sanction when it occurs in cyberspace. Like the Communications Act passed in the 1930s, technology has now leapfrogged the law. (The company’s Indian casino and Web-development divisions make more.) “This is the really exciting point, because I know where it goes from here,” Speer said in an interview.

Nonetheless, some experts think the case could be made to stick. But according to Inland CEO Don Speer, elusive profits need not be one of them. But following a 1997 indictment, the state of Missouri settled a suit against the company and its president, Michael Simone, for about $35,000. Inland, for example, operates two Web sites in addition to the one bearing Kenny Rogers’ likeness: Casinoaustralia.com and Goodluckclub.com. In 1998, the Senate passed, by a large margin, an amendment prohibiting Internet gambling, but that bill died before becoming law.

One major barrier to profitability is the law. college and professional sports.

The office of U.S. But the travails associated with fending off lawsuits have essentially put the company out of business. 474, introduced into the Senate by Arizona’s John Kyl in 1997 as the Internet Gambling Prohibition Act. I’ve not had problems being paid.”

Internet Gambling Worldwide, Past and Future

The amount spent on Internet gambling is harder to calculate. About 2,000 years later, Bugsy Siegel took the concept a step further and built the Flamingo Hotel in the desert town of Las Vegas. Says Opel, “Bringing in the big names and established companies only adds credibility and visibility to what we’re already doing.”

Is it legal?

A few hurdles have to be cleared before such ventures can take off – beginning with the federal government. The Internet is presently unregulated and we support a federal law regulating Internet gambling.”

The prosecutors’ focus on sports bets appears to stem from legal precedent in the law they relied on. attorney’s office theoretically operate out of the Caribbean. Almost all online gambling sites work the same. For one thing, gambling from one’s home allows for a variety of techniques that would get one tossed out of a regular casino. Her higher-ups in the Justice Department appear to agree. That makes for an Internet gambling environment too porous for U.S law enforcement to plug. The Wire Act obviously has no mention of wagering over the Internet. In most cases, this means operating out of Australia.

But even if Congress comes up with the best-crafted legislation in history, there are significant factors beyond its control. . Even the precise number of online casinos is hard to calculate. White’s hesitancy suggests that the law may not be as solid as she thought when she indicted. “I use the service because it’s convenient and I have access to it when I want,” says one online gambler. In a highly publicized March 1998 “raid,” Mary Jo White, the U.S.

So how is it that these companies appear to operate legally, but a dozen Caribbean cowboys found themselves under felony indictment?

Similarly, the Las Vegas-based public company American Wagering, owner of Leroy’s Horse and Sports Place in Nevada, also operates a sports gambling site located in Canberra called MegaSports (www.megasports.com.au).

Take Interactive Gaming and Communications, another publicly traded company, located in Blue Bell, Pa. Blackjack players can very easily count cards, or even consult odds charts; the Kennyrogerscasino.com site actually has a printable chart showing the best strategy for every possible hand of blackjack. His equal partner is Australian tycoon Kerry Packer of the Crown Casino in Victoria. At one point, Interactive Gaming looked like it could be an industry leader.

But a hard-core base will continue to turn to Internet betting for its clear advantages. Passed during the term of crime-fighter Attorney General Robert Kennedy, the law was intended to outlaw betting over telephone lines. Anyone over the age of 18 can set up an account with Centrebet and place money on a variety of worldwide sporting events, including U.S. Justice believes that any legislation addressing criminal misuse of computers or computer systems (including the Internet) should have three vital characteristics. to gain access to offshore sites,” says Sebastian Sinclair of Christiansen/Cummings. If an activity is prohibited in the physical world but not on the Internet, the Internet becomes a safe haven for that criminal activity. Estimates range from $650 million to $1 billion a year, worldwide – a tiny fraction of the amount spent on more traditional formats.

All the sites indicted by the U.S. Together, these sites have about 4,300 registered customers in 96 countries around the world. “And it is possible that records could be subpoenaed of various banks where these companies maintain accounts.”

It’s not because they operate in any fundamentally different way. As Timothy L. FBI agents placed bets on games – uniformly National Football League matches, although many other options are available – and followed up, whether they won or lost.

Is Microsoft betting too?

The potential action is too compelling for even the largest tech tycoons to resist.

Running an online casino carries all the usual challenges of Internet businesses, from low click-through rates to servers that fail.

That partnership leads many observers to believe that an online casino – using Microsoft platforms, of course – is in the works. Would-be wagerers open an account with a credit card, although some sites also accept cash and cashier’s checks. O’Brien observes in Bad Bet, his comprehensive account of America’s gambling industry, “Judging by dollars spent, gambling is now more popular in America than baseball, the movies and Disneyland combined.”

Although it uses a CryptoLogic template similar to several other online casinos, Kennyrogerscasino.com may be unique in letting bettors wager as little as a penny at a time.

Prosecutors focus on sports betting

Intriguingly, though, all the bets that make up the U.S. The defendants, many of whom live abroad, were threatened with up to five years in prison and $250,000 fines. They almost always include slots, blackjack and video poker, but many sites carry more exotic games, from baccarat to pai gow.

But over the last several months, at least some traditional casinos have pursued the time-honored strategy of joining an Internet gambling trend that they can’t beat. “Ultimately, Internet gambling operators are selling a product. In the ’70s, Atlantic City legalized casino gambling; in the ensuing decades, state lotteries, Indian casinos, gaming ships, offtrack betting parlors and card clubs have sprouted across the landscape. Attorney White has proceeded slowly and quietly. Packer is a man with a voracious gambling appetite.

First, legislation should treat physical activity and cyberactivity in the same way. He claims Inland’s Internet gambling business went slightly into the black in March, on annualized revenues of about $1 million. Tony Cabot, an attorney specializing in gaming issues, says flatly, “When you see Kerry Packer get together with Microsoft, you have to believe there is a future for this type of wagering.”

More than a year later, however, no cases have come to trial, and nine defendants have accepted plea bargains for state misdemeanor charges with no jail time. citizens, it will be increasingly tempting for them to turn to locations abroad. “The telephone is being used to facilitate these wagers and I believe the government has a solid case,” explains Tony Cabot, a Las Vegas-based gaming lawyer and author of a book on Internet gaming. In November 1998, for example, a division of Hilton Hotels acquired the company that runs Centrebet, a Web and telephone sports-wagering system based in Australia (www.centrebet.com.au). “We get daily reports, and you’ll see these people who spend a couple of hours gambling, and the total amount they bet is like $1.81,” says Thomas Holmes, Inland’s head of technology. … Legislators have considered enlisting Internet service providers to patrol for undesirable sites, although Internet gambling insiders consider that proposal dead on arrival. In January, MegaSports began taking Internet bets from Australians; it expects soon to allow global gambling on sporting events. According to an analysis by Sue Schieder of Rolling Good Times, the online gambling magazine, the new legislation would not punish the casual bettor. The Justice Department doesn’t think that online casinos (including those that offer gambling on sports events) can legally conduct business in the United States, even if they are based in places where gambling is legal. The American Gaming Association, a trade group of gaming firms, maintains this view regarding online wagering: “The industry has been state-regulated and we think it should remain that way. Says Sinclair of Christiansen/Cummings: “You are going to feel more comfortable wagering with a Hilton than you will with Joe’s Casino.”

The original version of Kyl’s bill failed most of these tests. That figure exaggerates the size of the Internet gambling sector, since some companies operate more than one online betting parlor. Even the firms that have enjoyed some stock-price popularity – such as Youbet.com – have shaky fundamentals. Bets generally range from $1 to as much as $300. One of Microsoft (MSFT)’s less-publicized adventures is Ninemsn, an Australia-based Internet service to which Bill Gates has pledged tens of millions of dollars. Legislation tied to a particular technology may quickly become obsolete and require further amendment. “Federal legislation will make it difficult but not impossible for Internet gamblers in the U.S. And for sports bettors – who make up a majority of online gamblers, according to industry insiders – the ease of using cyberbookies can’t be beat. The vast majority of customers will satisfy their demand for commercial gambling through less onerous and risky alternatives, such as lotteries, bingo, pari-mutuels and casinos.”

Today, Americans spend some $600 billion a year on legal gambling, making it by far the favored national pastime. Why should it be legal to bet online on a horse race in another state, but not legal to bet on a basketball game in one’s own state? If Native American tribes can establish new, legal, physical places where adults can gamble, why shouldn’t someone be able to do the same in cyberspace?

If such gamblers are not satisfied by options available to U.S. For decades, Vegas was about the only legal option for gamblers. (The company did not respond to repeated requests for an interview.)

Group calls for regulation of Net gambling

For years, another barrier to the growth of Internet gambling has been strong opposition from those most threatened by gambling sites: legal American casinos

ODDS®

Advanced skills

Awesome support

Learn Options!

ODDS® is loaded with useful options that allow users to quickly and easily trade options. But that’s not all, when you use ODDS® you will also get the most amazing customer support around!

Fully responsive