Sunday, October 28, 2012

Sports Betting Ring Arrested

This week, authorities arrested 25 people across the country, accusing them of participating in an illegal sports-betting ring.  Of those, one of them was currently a sports book director for Cantor Gaming, a leading sports book operator in Nevada.  This person also holds a Nevada gaming license.

According to the story in the Las Vegas Sun, this conduct apparently was limited to this person's individual activity and did not involve Cantor Gaming.  If it did, that could be quite damaging to Cantor, as this activity easily can be foreseen to jeopardize Nevada gaming licenses, if a license holder is actually found guilty of this conduct.

The key lesson to be learned is that although the gaming legal environment in the US is becoming more friendly, it is not totally friendly yet.  With regard to sports betting activity that crosses state or national boundaries, it is still quite unfriendly and illegal.

Those US operators that might want to get ready for legalized online gambling should use this event as another sobering example that extreme care should be undertaken with regard to having any activities in concert with non-US online gambling interests.  With regard to sports betting, US interests would be safe and wise to steer clear of non-US online sports books, regardless of where they are licensed outside the US.


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