NEWS
U.S. Cracks Down on Poker Sites

U.S. Cracks Down on Poker Sites

by The Mark Newsroom

First Posted: Apr 16 2011 10:58 AM
Updated: about 24 hours ago

Internet gambling CEOs are in a royal flush of trouble after upping the ante a little too much.

A slew of Internet gambling entrepreneurs, including the founders of PokerStars, Full Tilt Poker and Absolute Poker, were charged with bank fraud, money laundering, and illegal gambling in a case that seeks at least $3 billion in forfeitures and penalties. However, none of the poker company principals indicted are actually in the U.S. and they haven’t been arrested. According to data received by U.K.-based H2 Gambling Capital, the Internet poker market was $5.1 billion last year, 7.1 percent higher than 2009, and the global online gambling market now is about $30 billion.

TAGS: news, United States, Internet, Poker, Technology, Business

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