A.g.a. Seeks To Distance Itself From Illegal U.s. Gaming

A.G.A. SEEKS TO DISTANCE ITSELF FROM ILLEGAL U.S. GAMING

30th September, 2015 at 09:48:18
Source: http://www.azonlinecasinos.com

Cites organised crime involvement and releases research findings to back up claim.

Addressing an enforcement conference in the United States this week, American Gaming Association CEO Geoff Freeman sought to distance the legal and licensed American gaming industry in 40 states from the illegal activity in gambling across the nation, which he claimed was often associated with organised crime.

Freeman revealed that distinguishing itself from illicit activity has become a priority for the Association, because illegal gambling damages the industry's credibility and (perhaps more importantly) steals customers.

The Association has embarked on a program of educating lawmakers on the highly regulated nature of the licensed industry, and has at the same time criticised the 1992 federal Professional and Amateur Sports Protection Act that restricts sports gambling to just four states.

Illegal sports betting generates a conservatively estimated $150 billion in wagers annually, and needs to be addressed, Freeman observed.

To illustrate its point, the Association has released a study from Jay S. Albanese of Virginia Commonwealth University which examined federal convictions nationwide in a single year, 2014, involving 40 illegal gambling operations that included online and offshore sports betting, unregulated casino parlours and wagers on animal fights.

The study looked at 10 cases of online sports betting and unregulated casino parlours that linked to larger crime syndicates including the New York and Philadelphia Cosa Nostra families, a motorcycle gang and Texas drug traffickers that led to up to $68 million being seized in at least one case, or an average of $3 million each.

Related News Tags:



« News index »



WATCHANDWAGER LAUNCH INTERNATIONAL ADW PRODUCT

27th March, 2017 at 13:46:09
ADW on international horse races for US customers.

PADDY POWER BETTING SEEKING HEAD OF TRUMP BETTING CANDIDATE

20th March, 2017 at 19:52:51
Three month contract requires a special type of person.

BODOG SIGN LATAM SPORTS SPONSORSHIP

20th March, 2017 at 15:15:56
With American football club.

MARCH MADNESS EXCITEMENT BUILDING

13th March, 2017 at 21:45:05
One of the United States' biggest betting events is being used by the AGA to promote the idea of more widespread legalised sports betting.

TVG AND TABCORP SUBSIDIARY SKY RACING WORLD EXPAND PARTNERSHIP

10th March, 2017 at 10:19:28
New agreement delivers increased TV coverage of Australian racing on TVG and TVG2.