Online Gambling & the US 2011
12 May, 2011
london , United Kingdom
World Online Gambling Law Report is organising an Emergency Briefing to analyse the financial and legal significance of the recent action taken by the US Department of Justice against PokerStars, Full Tilt Poker and Absolute Poker, some of the biggest sites in the world.
This morning briefing will focus on the money laundering, fraud and illegal gambling charges brought against a number of individuals, among them the founders of these poker sites.
Manhattan U.S. Attorney Preet Bharara said: “These defendants concocted an elaborate criminal fraud scheme, alternately tricking some U.S. banks and effectively bribing others to assure the continued flow of billions in illegal gambling profits. Moreover, as we allege, in their zeal to circumvent the gambling laws, the defendants also engaged in massive money laundering and bank fraud”.
The Briefing will consider the significance of these developments on an international scale - what does this mean for other online operators worldwide? What are the financial and business implications of this move for European operators and payment processors?
The Briefing will also address the future of online gambling in the US in light of these events.
Please contact David Longford on +44 (0)207 012 1395 or at [email protected]
This morning briefing will focus on the money laundering, fraud and illegal gambling charges brought against a number of individuals, among them the founders of these poker sites.
Manhattan U.S. Attorney Preet Bharara said: “These defendants concocted an elaborate criminal fraud scheme, alternately tricking some U.S. banks and effectively bribing others to assure the continued flow of billions in illegal gambling profits. Moreover, as we allege, in their zeal to circumvent the gambling laws, the defendants also engaged in massive money laundering and bank fraud”.
The Briefing will consider the significance of these developments on an international scale - what does this mean for other online operators worldwide? What are the financial and business implications of this move for European operators and payment processors?
The Briefing will also address the future of online gambling in the US in light of these events.
Please contact David Longford on +44 (0)207 012 1395 or at [email protected]
+44 20 7706 7700
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Online Gambling & the US 12 May, 2011
