Offshore Betting Industry
The offshore betting industry, which is comprised of
companies both large and small, depends upon small island countries
in the Caribbean and Central America to operate their online
These offshore gambling sites are run in countries such as Antigua & Barbuda, Costa Rica, Curacao, Jamaica, the Dominican Republic, and Panama, just to name a few. These sovereign nations allow online casinos to operate under their legal system, just like any other normal business operation. The online casinos must comply with the local laws under which they registered, they also must comply with local auditing measures in those places.
Offshore gambling is under fire right now by the United States government who has lost a case brought upon them in the WTO by Antigua who claimed the UIGEA violated trade agreements.
For a closer look at the most recent offshore gambling news, take a look at the stories below.
Offshore Gambling News
Online Sports Gambling Operations Continue To Be Targeted In US
May 8, 2011
While there is a major gray area in US online gambling laws regarding poker, there is no such wiggle room when it comes to online sports betting. This past week, two more men were sentenced for their roles in operating an online sports book...
Fifth Guilt Plea Comes Thursday In Kansas City Online Gambling Case
February 26, 2010
Another accused member of an illegal online sports gambling ring has pleaded guilty in Kansas City. William D. Cammisano Jr. became the fifth member of the operation to admit guilt...
First Guilty Conviction Comes In For Online Gambling Operation
February 11, 2010
A federal judge has jailed almost a dozen gamblers for not testifying in a federal online gambling case, but on Wednesday the first guilty conviction came in the case without a trial...
Staten Island Man Admits To Running Internet Sports Gambling Ring
December 31, 2009
A Staten Island man pleaded guilty on Wednesday in US District Court to a conspiracy to operate an illegal gambling business charge. It was an admission to running an Internet sports betting ring...
Palm Beach Princess Gambling Ship Owner Battles With Employees
December 28, 2009
The month of December has been a chaotic one for the Palm Beach Princess, a gambling ship in Florida. This weekend, the chaos escalated with a battle between the ship's owner and its employees...
DiCaprio Becoming Latest Star To Enter The World Of Gambling
June 17, 2009
Leonardo DiCaprio is set to become the latest star that will star in a movie about gambling. The movie is not yet titled, but was written by Brian Koppleman and David Levien...
Trio Arrested For Running Illegal Online Gambling Operation
June 18, 2008
Three West Montgomery residents were arrested on Tuesday for running an illegal online gambling operation that was based out of Costa Rica...
Illegal Online Gambling Ring Based in Costa Rica Busted By Feds
January 7, 2008
Online gambling involving sports is one of the most dangerous and risky businesses after new United States laws were passed in 2006, one gambling ring found that out the hard way this week...
Former Online Gambling CEO Suspected Murderer Sentenced to 105 Years
December 13, 2007
The suspected murderer of an online gambling CEO has been punished, and he most likely will be in jail for the rest of his life after being sentenced to 105 years...
Casino Dominicus Ups the Ante in the Dominican Republic
November 14, 2007
Opening its doors December 15, Casino Dominicus promises to bring top-of-the-line gaming technology and Vegas-style entertainment to the idyllic paradise of the Dominican Republic...
NewBodog.com Overcoming Bodog's Loss of Old Bodog.com URL
September 12, 2007
Despite losing their well-branded Bodog.com domain name, the top online sportsbook and casino outfit has rebounded strong under a new name, newbodog.com..
Bodog Must Now Treat Online Gambling Affiliates Better
August 29, 2007
Bodog worked hard at branding their domain name and now that they lost their URL they may be forced to rely more heavily on their online gambling, casino, and poker affiliates...
Antigua Gains More Support Over Internet Gambling WTO Issue
July 4, 2007
Member nations that belong to CARICOM came to the support of Antigua and Barbuda this week over the Internet gambling issue the twin island nations have with the US...
Singapore Casino Project To Be Run By Genting International
May 29, 2007
There is a $3.4 billion casino project going on in Singapore, Genting International gained full control of it yesterday, and plans are proceeding for the new resort. ..
Rum Cay Casino Plan Expected to Finalize
February 22, 2007
Rum Cay, a tiny tropical island located in the out-islands of the Bahamas, known for its pristine white-sand beaches and untapped marine ecosystem, is about to finalize a new casino deal that will solidify the island's economic future...
Safe Online Gambling Sites Flourish Post UIGEA
January 14, 2007
Online gambling is flourishing despite the US governments push for a gambling free internet...
Online Casino Partnership Bonuses Asian Affiliates
January 3, 2007
As the online casino industry continues to spiral downwards, two strongholds in the sector are partnering up on a deal that could make for a sweet 2007...
During the Holiday Season, Gambling Revenues Spike
December 17, 2006
According to a recent report published by a British newspaper, over the past 3 years, online casinos have seen a strong trend in sales during the month of December...
Genting International Wins Bid to Build Sentosa Island Casino
December 11, 2006
Genting International, a Malaysian company, won the bid to build a second casino on a Singapore Island because of its plan to include the internationally recognzied theme park, Universal Studios...
Are There Ulterior Motives Behind Bodog's Recent Moves?
December 7, 2006
No calls have been answered by Bodog officials since Tuesday's announcement to stop US based advertising, which leads us to speculate about the real motives behind a couple of their recent moves...