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Poker News 2006-07-18

Experts: Arrests won't hurt online casinos


posted by TommyTwoToes

The news article can be found here.

"Legal experts and those who follow the online gambling industry said it was unclear what would happen if BetOnSports defies the judge's order to stop taking U.S. bets. Americans accounted for virtually all of the company's business until recently, when it began aggressively courting bettors in Asia.

If the company continues to take Americans' bets, federal officials could respond by pressuring the governments of the United Kingdom, where BetOnSports is incorporated, and Costa Rica, its major base of operations.

But such appeals might not work, especially in Costa Rica, which has become a haven for Caribbean online sports books and casinos in the past decade because of its light approach to regulation, experts said."