“It gives me more of a reason to watch the game with interest,” says Al, a business student in New York who says he enters a pool almost every year — and asked not to be identified by his full name.
You’ve probably broken the law, too.
It all adds up to a colossal national gambling binge. “Win CASH MONEY!”
“People just don’t complain about it,” says Sgt. You’re watching the games on TV and hoping for a payoff. Ron Evans of the police department in Durham, N.C., where the nation’s top-ranked college team, Duke, is located. citizen, I don’t care where you are,” says Silberling.
Still, gambling Web sites soliciting bets on the NCAA tournament persist.
“Office pools would be a local violation,” explains FBI spokeswoman Tracy Silberling. Federal authorities have used a 1961 law making it illegal to use interstate phone lines while placing or accepting a bet to crack down Web sites offering a chance to make wagers.
But betting pools, however ubiquitous, are not legal. (Vermont passed a law last year allowing limited betting on the NCAAs.)
But even police officers in college basketball hotbeds generally feel they have more pressing matters to attend to than ferreting out NCAA pools.
A Web of Gambling
If accurate, that would push the total wagered on the NCAAs across the country closer to $1 billion.
“It’s a huge problem,” acknowledges Silberling.
And while Congress has discussed legislation banning virtually all gambling on college sports, the big business of betting shows no signs of disappearing in the near future.
“It’s illegal to take money from a U.S. Indeed, no one knows just how much money is wagered — and perhaps diverted from the economy — on brackets and the 63 games over the three-week tournament period.
So you’ve filled out your NCAA tournament grid for the office pool. Betting on the NCAA tournament is rampant on college campuses and the Web as well.
Most estimates place legal Nevada-based betting on the NCAA tournament in the range of $60 million to $70 million every year — second only to the Super Bowl as a cash bonanza for Las Vegas bookmakers.
But cracking down on workplace or collegiate betting pools is not easy. “Everybody goes in knowing the result may be they don’t win.”
The site managers protested they were within the legal boundaries of the countries in which their sites were registered, but law enforcement officials don’t buy that rationale.
There is one expectation this policy, however: Internet-based sports gambling sites. Gambling on college sports is against the law almost everywhere in the United States except for Nevada. There’s just one catch.
The first such bust occurred in 1998, when federal authorities in New York arrested 14 people for running a total of six “offshore” Web sites.
But the National Gambling Impact Study Commission, formed by President Clinton, released a 1999 report citing surveys showing that well over 90 percent of all sports betting nationwide takes place off the books.
“I see it as relatively harmless endeavor, a chance to make a large profit off a small investment,” Al adds. So it usually falls to area police departments to enforce the law.
And basketball pools are not limited to offices. Nor is it high on the priority list of the nation’s law enforcement officials.
Yes, it’s time for that familiar springtime ritual again, as all across America, millions of people — from college basketball diehards to others who don’t know if George Mason is a person or a school — take the time to fill out an NCAA tournament bracket, in hopes of making some quick cash and earning bragging rights among friends and co-workers.
“The common thing we hear is that it’s in the billions, but it’s impossible to know,” says NCAA spokeswoman Jane Jankowski.. “I have as good a chance of winning as anybody.”
Almost All Sports Bets Are Off the Books
It all helps feed a massive industry. According to the NGISC, Americans wagered $630 billion in 1998 — and came away $50 billion poorer for their troubles.
“March Madness is here!” shouts one site, registered in Antigua and Barbuda
“One thing I tell young women…is there’s no one plan that fits everybody’s life, and we have to be flexible,” she said. CBS affiliate WCAX, before quickly catching herself and identifying instead as “busy working mom.”
“And as a busy working mom, and before coming to the White House, I was in that position as well – working, driving kids to practice, not having enough time to shop or cook, not having the energy,” she added.
First lady Michelle Obama mistakenly called herself a “busy single mother” in an interview on Thursday with Burlington, Vt. All Rights Reserved.
. “We have to listen to ourselves, our own passions…and not measure our successes by someone else’s life.”
She seemed to catch her flub almost immediately.
Discussing the struggle many parents face in balancing work and home life, the first lady reached for an empathetic tone, beginning, “Believe me, as a busy single mother…or, I shouldn’t say ‘single’ – as a busy mother…”
During an earlier interview with Boston CBS affiliate WBZ, which focused mainly on Michelle Obama’s “Let’s Move” initiative to combat childhood obesity, the first lady also addressed competing pressures faced by moms who have to juggle work and home life
The Obama White House, which is pushing for various regulatory and policy initiatives to reduce greenhouse gas emissions, has adopted “climate disruption” as the new descriptor.
About a year ago, Moore, who earned a PhD in ecology, told Congress that no proof exists that carbon emissions from humans have caused a “minor warming” of the Earth’s atmosphere over the past 100 years or more.. Patrick Moore present at the International Conference on Climate Change and draw your own conclusions.
“There is a powerful convergence of interests among key elites that support the climate ‘narrative.’ Environmentalists spread fear and raise donations; politicians appear to be saving the Earth from doom; the media has a field day with sensation and conflict; science institutions raise billions in grants, create whole new departments, and stoke a feeding frenzy of scary scenarios; business wants to look green, and get huge public subsidies for projects that would otherwise be economic losers, such as wind farms and solar arrays. He also declared that the influential United Nations Intergovernmental Panel on Climate Change is barking up the wrong tree, as it were, because it only considers human causes of global warming.
Along these lines, prominent environmentalist Al Gore ironically made a fortune selling his cable TV network to Big Oil.
Watch climate change skeptic Dr. Patrick Moore continues to be a vocal skeptic of man-made climate change and has equated the movement with fomenting climate hysteria.
Environmentalists originally sounded the alarm about global cooling, then global warming, and now use an all-purpose climate change appellation. Fourth, the Left sees climate change as a perfect means to redistribute wealth from industrial countries to the developing world and the UN bureaucracy.”
Moore also focused in on the political and economic components of “fear-and-guilt” inducing climate change.
Setting aside whether one agrees or disagrees with Moore, for the ordinary, day-to-day person with an open mind about the whole thing, the notion of declaring something as far-reaching as climate change as “settled” seems a bit confusing. [top image credit: Friends of Europe]
Parenthetically, many people across the ideological spectrum oppose GMO foods as well as chlorine in drinking water, both of which Moore apparently supports.
Moore, who exited Greenpeace after 15 years when “it lost its humanitarian perspective,” was formerly the head of an organization called Greenspirit Strategies, Moore is currently the chair and chief scientist of Ecosense Environmental in Vancouver, British Columbia, as well as the chair for Ecology, Energy, and Prosperity at the Frontier Center for Public Policy. He is also heading up an organization called Allow Golden Rice Now which seeks to cure vitamin A deficiency among kids in developing countries with GMO rice.
Greenpeace Founder: Climate Change Is Actually Climate Hysteria
In an article for the Heartlander, published by the Heartland Institute, a free-market think tank, about his climate change skepticism, Moore insisted that computer modeling is unreliable and that carbon dioxide is critically necessary for human life. The role of science traditionally has been to question assumptions and dogmatic beliefs and constantly challenge accepted hypotheses. Moreover, as long as China, India, Russia and other powers are unwilling to reduce greenhouse gas emissions, unilateral action by the U.S., whether justified or unjustified, will exert little effect on global climate change.
Seven crew members remained on board the ship as of 5 p.m., Soto said.
PHOTO: The stranded casino boat Escapade is seen off of the shore of Tybee Island, Ga. Eaton, an Afghanistan veteran, required pain medication after suffering a back injury during a hard helicopter landing, so Clark and her mother rushed to the dock with the medication when he called them this morning from another passenger’s cellphone.
Photos: Carnival Cruise Ship Stranded
As the passengers were still being evacuated, Cady Clark, 23, spoke to ABC News from the cruise line’s dock in Savannah, Georgia, where she was waiting for her father, Mark Eaton, a passenger aboard the ship.
Four passengers were hoisted off the cruise ship via helicopter to facilitate their evacuation, the Coast Guard said in a statement.
U.S. “Everything’s lightened up.”
Crews first attempted to move the boat around noon once water levels reached high tide, but the towlines broke, Petty Officer 1st Class Lauren Jorgensen said.
PHOTO: The casino boat Escapade, with 123 people aboard, is grounded 1.8 miles off the north end of Tybee Island, Ga., July 16, 2014.
No injuries were reported, although one passenger was taken by ambulance to a hospital as a precaution because of high blood pressure, the Coast Guard said.. in this handout image from the U.S. The Coast Guard members removed people from the ship after towlines broke during initial attempts to free the ship and get it back into the water.
The cruise was supposed to run from 7 p.m. “I don’t really think anybody was scared. A few people were maybe worried about kids being home or animals being in the house.”
Two other families were waiting there, too, she said.
Two passengers told the AP they felt the ship strike something at around 9:30 p.m., but were given little information.
All of the passengers arrived safely at the Coast Guard station at Tybee Island, Georgia, via Coast Guard cutter by 5 p.m., according to a Coast Guard spokesman, Petty Officer 3rd Class Anthony Soto.
Tradewinds Casino Cruise’s Escapade ship, with 94 passengers and 31 crew members, got stranded around midnight in South Carolina’s Calibogue Sound. Eaton had been looking forward to taking the Escapade’s first cruise, Clark said, but she wasn’t sure whether he’d venture out on the ship again. Coast Guard
While stranded on the ship, lights and air conditioning continued to operate, passengers were given food and non-alcoholic beverages, and they reported sleeping on floors using life preservers as pillows, according to The Associated Press.
“There was a lack of sleep but they kept us entertained,” Bernard Yount of nearby Springfield, Georgia, told the AP
They view money as something to play with, almost like Monopoly money. If not for my mother’s pension, they would be out on the street.
Gamblers Can Keep on Going…
A man who has spent a lifetime telling other people how to invest for emergencies has ended up penniless. My sister and I have struggled for most of our adult lives to build a healthy respect for money. Money enables the gambler to “stay in the action,” a gambling term for active betting. This is not something I should have to worry about with people who earned a good living during their work lives. This makes gambling a very tough addiction to break, because like food addictions, the gambler is addicted to something they have to use in everyday life – money.
My father’s inability to own up to his destructive behavior is a big reason for my current unwillingness to speak to him. I also resent all the money that my grandparents left being swallowed up by his disease. They make financial decisions based on how much money they can hoard for gambling. It has been almost a year since the truth was revealed, and I am still angry at the waste and the bleak future my parents face as their fixed income slowly becomes inadequate to meet their needs as they get older. Deep down they hate themselves for their habit, but like children, they are unwilling to come clean.
Almost as Bad as the Gambling…the Lying
Some gamblers do experience big payoffs, but the money is quickly spent on placing more, and bigger bets. I know that I will eventually have to forgive, right now I’m just trying to figure out how to sit in the same room with a parent that I never actually liked or trusted.
When we uncovered my father’s gambling addiction, the devastation to my family unit was irreparable. He had money for expensive vacations, expensive jewelry and nice cars, but paying for his kids college education was out of his reach. This inability to plan for the future is another symptom of the disease of compulsive gambling. In the blink of an eye, more than half was gone. You just get worn out and tired, just really tired.
This is another symptom of the compulsive gambler: Their skewed relationship with money. Their low self esteem compels them to live like high rollers – and spend on luxuries when they can’t even pay the mortgage.
How Do They Live With Themselves?
It’s Never Enough
It’s Not Just The Betting
The other insidious thing about problem gamblers or compulsive gamblers is the pathological lying. His weird relationship with money was passed on to his kids. He was a fairly successful insurance man with 50 years in the business, yet when the true extent of his addiction came to light last year, we were dumbfounded. Any financial relief is out of reach because no matter how much money a gambler can get their hands on, it is never enough to satisfy their insatiable craving for betting.
The most insidious thing about gambling is that a gambler who has access to money can literally support their habit for many years without getting caught. Money is slowly siphoned from the source until there is nothing left. By that time, the damage is done and it is usually irreversible.
It’s Exhausting For the Family
Even though I know it is a disease and he really can’t help himself, part of me resents him for not being adult enough to seek help sooner. We figured it out because my father had tripped himself up by trying to cover his tracks. Gamblers will function quite well as long as they have a ready source of cash, such as a family member or income from a business or investments. In order to keep their secret they will lie to anyone, spouses, children, parents, coworkers and friends. He never saw any reason to purchase any property or make any sound investments. He has no assets. How does someone live with themselves?
The other part of me resents his obsession with money and being the hot shot while I was growing up. I’ve been talking to a disease for most of my life, not a real father. Gambling is a disease after all, and you can’t blame someone for being sick. Gamblers do not think any further ahead than the next bet. As an adult child I also am suddenly worried about having to support my parents at some point. It was money she was counting on to supplement their income when they reached their eighties. It’s a twisted mindset that allows them to blow everything they have while bills go unpaid. They live their lives in a fantasy world where the next big win is right around the corner.
A gambler’s true addiction is money. This was In addition to fudging bank statements so that she didn’t know he was siphoning off their other savings account. If it had not been for my quick thinking, they would have lost everything.
Gam-Anon and other organizations preach forgiveness above all else. The sum total of my father’s income is now a meager Social Security check. As it turned out, my father had helped himself to an annuity my mother had religiously contributed to every month for 25 years during the course of her teaching career. He has no savings, and he is too old to make up for lost time. Money is what they need to fuel their habit of placing bets, whether it be lotto cards, horse racing or blackjack. As most adult children of any kind of addict know, it’s not that you actually hate them – that’s too toxic to carry around. Any adult child of a compulsive gambler who thinks they will see any type of inheritance is fooling themselves.
. Part of me wonders how he sat down over breakfast every morning with a woman who has taken care of him for 50 years, while he was robbing her blind. He was never generous with money, even though he always had a wad of bills in his pocket. They spend their lives trying to cover their tracks. We’ve both finally reached a place of sanity and serenity in our own lives.
My father has reached his seventies without saving a penny
(No online casino has ever been charged with money laundering, although the FBI says it is investigating the industry.) He has invited a fact-finding mission of regulators and government critics to Gibraltar to examine everything from his Ernst Young-audited financial statements to his PricewaterhouseCoopers-certified payout ratio. Those rumors of mob or porn ties are, by all accounts, nonsense. Its real-time tracking software, developed by graduates of Israel’s famed Technion institute, monitored the results of banner ads and pop-ups on thousands of websites simultaneously and could instantly boost the company’s presence on productive sites while dumping laggards. It’s also why its key software, which checks response rates to ads on thousands of sites daily so Casino-on-Net can target its spending, is such a critical competitive edge.
They may have checked out, but a lot of people in the business did not–especially down in Antigua, where Casino-on-Net had its license. The unsettled state of the law is the reason Anderson and other online casino operators have to date not been charged with any crimes. It also provides Anderson with several practical business advantages, including modern communications systems. Gibraltar is an offshore haven too, but it’s far more reputable than most. The solution, Baloulian tells the class: Give sore losers a one-time $100 bonus and tell them to bet $1 to $3 per hand; they’ll spend the next several hours having fun.
Even so, analysts estimate that it costs about $350 to corral a single new player. “They checked out 100 percent.”
Meanwhile, Anderson continues to try to prove his point through his own business actions. to factory workers in his native Dundee, and he never attended college. “Internet gambling is a danger to family and society at large,” Leach says. And so he has embarked on one of the biggest long shots in business today: He’s trying to clean up the online gambling industry.
The brazenness of the Antigua crowd fueled the U.S. “Gibraltar is clean as a whistle,” Anderson says.
Though the facility is only half-finished, Anderson has a fully formed vision of the business model it will house. He never talks to the press. “You have to learn about the opposition’s concerns and prove to them that they don’t exist,” Anderson says. Britain is expected to begin licensing online casinos within a year or two, finally creating an environment for squeaky-clean operators under a regulatory regime that’s beyond reproach. “The days of carrying a laptop to Antigua and opening up shop are gone,” he says. “A society where a customer has no choice but to show up and sing the company song, that’s communism.” And even if Anderson doesn’t win, other players will likely take his place at the table. Big won’t show up at all.
There’s Jack Stroll, for instance. That’s a problem for Casino-on-Net, because bad experiences travel fast on the Web. And in his dreamed-of world of highly regulated and stigma-free online gambling, Casino-on-Net isn’t a $200 million business. More than half of Casino-on-Net’s customers live in the United States, and the Justice Department asserts that taking U.S. DrHo888.com, another Antigua casino, uses webcams to show its bikini-clad dealers in action. Big John Anderson’s Web casino is a profit machine. Many U.S. But his real gift lay in a knack for numbers, and it won him a cashier’s job at Ladbrokes, the gaming giant that transformed two-bit bookmaking into a respected business with betting parlors all over Britain. The company currently has about 300,000 active customer accounts.
The level of personal care Casino-on-Net’s technology allows it to lavish on players goes far beyond what offline casinos can provide. The four co-founders remortgaged their homes to bankroll the company and buy a $100,000 gaming license from the island of Antigua.
By early 2000 the founders realized they needed a seasoned manager, and turned to Anderson. Any minute now, the operator will arrive, probably in a Rolls Royce, wearing gold chains, with bodyguards in tow. “It’s the perfect business.”
The very power of the net to find and keep gamblers is one of the reasons that opponents of online casinos want to ban them. “We have to be cleaner than clean, transparent,” he says.
Another Antigua pioneer, William “Billy” Scott, launched InterCasino. Still, Spiegel foresees an uphill battle. He’s been a fugitive since. “You have to gradually build trust.”
Hundreds of sites offering more or less the same games and a similar look and feel launched at about the same time, but what quickly set Casino-on-Net apart was that it poured most of its profits into developing a highly sophisticated Web marketing system. “It should be ended.” To blunt that threat, Anderson says, Casino-on-Net spends more than $500,000 a year on lobbying. Anderson has quietly lobbied for that in Parliament for years, and he has been an adviser to the government on the regulatory structure. A Toledo, Ohio, bookmaker jailed in 1984 for racketeering, Scott was charged in 1998 by U.S. A player on a losing streak may receive e-mail tips on how to win. It scales like crazy–overhead hardly changes whether you have 300,000 customers or 300 million. Dan Spiegel, the point man on the campaign, stresses the benefits of a regulated online gaming industry, including the fact that it would mean protection for consumers and tax revenues for badly strapped state treasuries. bets online is a crime. He pleaded guilty in 1999 to “deceptive telemarketing,” and he and his firm paid a then-record $300,000 fine.
Casino-on-Net reps go through six weeks of intensive schooling. Adding to the product line usually requires no more than tweaking some software code. Online gaming, he believes, is as close as anyone has come to the much-hyped ideal of the virtual corporation. It’s a billion-dollar business–at least. His first job, at age 12, had been delivering hot buns at 3 a.m. As rivals squandered millions on offline advertising and fancy websites, Casino-on-Net trained this powerful technological vacuum on a hunt for the sizable fraction of the population that likes to gamble frequently. “If you treat gambling as entertainment, which it is, I think $10.20 an hour is a fair deal,” the message continues. “It’s a freedom of choice issue, like drinking or smoking,” he says. Michael Oxley, R-Ohio, accused online casinos of laundering money for terrorists, Anderson responded by hiring a former FBI computer crime expert to devise internal safeguards and train his staff in detection. Golden Palace has since been relicensed in the Mohawk Indian tribe’s Kahnawake territory in Canada. “Lots of cash flow, no distribution, and no real estate,” Anderson says. That’s where Anderson’s customer reps play a pivotal role, monitoring players electronically and interacting with them by e-mail and sometimes by phone, stroking assiduously.
Actually, there are a few flaws. There’ll be 350 employees staffing a 24-hour customer service center and maintaining a server farm with 200 computers. With shaggy brown hair and round wire-rimmed glasses, he looks vaguely like John Lennon. He was nabbed in 2001 by Ohio authorities after 17 years at large and is currently in jail awaiting sentencing for tax evasion and defrauding a charity he once ran.
For clues about how to show customers a better time, company marketers comb a database with detailed betting histories and biographical information for all 7 million people who’ve visited the site. One evening in November in the lobby of London’s Landmark hotel, where the elusive operator of the world’s largest online casino is about to appear, the banker’s words ring true.
Ralph King (firstname.lastname@example.org) is a senior writer at Business 2.0.
Casino-on-Net was conceived in 1996 at, of all things, a dentistry convention. His criminal past allegedly includes passing counterfeit cash and bad checks. government that online gambling ought to be legal.
Yet Anderson’s greatest asset, people who know him say, is a mastery of the most crucial skill in gaming: making each player feel like an esteemed member of some exclusive club. “It’s exponential.”
Stroll says he pleaded guilty in the telemarketing case to avoid the trial expense and denies doing anything improper. A marketing whiz from Montreal, Stroll founded Golden Palace, considered the second-largest Web casino, in Antigua in 1997. He is alone, buttoned-down, and speaks with the flat, clinical precision of an accountant–which, as it happens, he is. prosecutors with illegally taking online sports bets. His real name, it turns out, is Sam Alvin Ashley Jr. Recently, Baloulian had to intervene with a gambler who had dropped more than $20,000 and complained about rigged games. Holding onto the ones you find is the real name of the game. Sipping soda in the Landmark’s lounge, Anderson explains how the lessons of 26 years as a respected gaming and hotel executive molded the company he now runs, an amazing profit machine called Casino-on-Net.
Online Gambling’s Mr. In the late 1960s, he sang and played guitar in a rock band that had one immortal moment: It was on the same bill as a group that included future members of Led Zeppelin–and Anderson’s band was the headline act. It took weeks just to learn his identity amid rumored ties to the Russian mob and porn money. “Maybe I do.”
Or maybe not. When Rep. “This is one of the hardest assignments we’ve ever faced at the firm,” he says.
First he has to find them, which is why Casino-on-Net spends $40 million annually on rich-media Web advertising, more than any company except Hewlett-Packard, SBC Communications, and Microsoft, according to Nielsen/NetRatings. He has joined a fledgling industry body called eCommerce Online Gaming Regulation Assurance–modeled on the National Association of Securities Dealers, the stock-market watchdog–which will give its seal of approval only to operators who meet a long list of tough standards. He’s lobbying for regulation–anathema to many of his colleagues–in hopes that a “legalize it, regulate it” message will stave off the authorities. He left in 1996 and later led a buyout of Burford Group, owner of London’s landmark Trocadero retail complex. True, it was in Monte Carlo, and there among the baccarat tables and roulette wheels, Israeli dentist Aaron Shaked concluded that a Web casino could be more rewarding than pulling molars. The dealers get $50 monthly “cleavage bonuses” and flirt with bettors via instant messaging.
The few people in Internet gambling who have met the operator refuse to talk about him. If only he could convince the U.S. Anderson has already made some headway. He rose quickly, moved over to the hotel side of the business after Ladbrokes bought Hilton Group PLC, and wound up running the company’s real estate division. “The opportunity is truly huge,” he says. “A Luddite attitude will always fail.” That, at least, seems a pretty safe bet.
Anderson knew when he came to Casino-on-Net that he would never hold off the prohibitionists if he didn’t distance himself from the business’s seedier elements. But more fundamentally, he is trying to show, through the exacting and open way he’s building his own business, that online gambling is not just the shadowy province of hustlers, ex-cons, and the occasional fugitive. Steve Adkins for a time headed the Online Players Association. A spokesperson for Scott says he has sold InterCasino; the new owners couldn’t be reached for comment. In Las Vegas it’s called “stroking” the customer, and it’s done with a stream of freebies, from poker chips to cocktails. Anderson can’t pass out cocktails over the Web, but with his background in gaming and hotels, he has a natural instinct for how to relate to his “punters” and keep them coming back, even if they’re losing. “I don’t know,” he says. He himself never bets. If a player logs in on his birthday, Casino-on-Net is likely to send out an instant “Happy Birthday” e-mail or a gift of bonus money to gamble with. He’s hired one of Washington’s top power brokers, law firm Akin Gump Strauss Hauer Feld, to press Congress and state legislatures. “If you treat it as a source of income, which it can be but most often is not, it is certainly no fun at all.”
(Business 2.0) – There’s something of the night about this industry,” a Merrill Lynch investment banker has warned. Its online licensees include Ladbrokes. The bets rolled in. A fully legal online gaming industry wouldn’t be a $4 billion-a-year proposition; it could peel off much of the $150 billion gamblers spend in Vegas and anywhere else you can lay down a legal bet. “The problem is to convince them they lost fairly.” In this gambler’s case, it must have worked. Congressional critics have been thundering against the moral scourge of online gambling, pressing for tougher laws, and even accusing Internet casinos of laundering money for terrorists.. Then he grins. But novice gamblers often lose $100 in minutes and instantly conclude that the game is rigged. Jim Leach, R-Iowa, and several allies to propose legislation that would effectively ban any form of Internet gambling. No other online casino has ever had that kind of technological muscle, according to people in the industry.
The British generally get far less worked up about betting than Americans do, but Anderson is convinced that, in his logical, meticulous way, he can eventually chip away at the mistrust, even among powerful U.S. More likely, Mr. The point is that Anderson’s industry has a monumental image problem, which poses a mortal threat to his money machine. “You cannot buck a market,” Anderson says. The technology also allows Anderson to continuously poll his players for their opinions, and statisticians scour the data to detect any subtle shift in player behavior or tastes. He’s been logging on again lately.
“I did my due diligence,” Anderson says. Analysts estimate its 2002 revenue at about $200 million and say the company is the biggest casino in the fast-growing $4.2 billion-a-year online gambling industry. He brought the idea to his brother, who knew a pair of computer engineers. A lovely little Caribbean spot with lax extradition laws and a carefree attitude toward games of chance, Antigua had become the main global headquarters of online gaming–the Vegas of the virtual world. That helps explain why, on a recent blustery afternoon, he came to be chain-smoking Marlboro Lights in temporary offices at the base of the Rock of Gibraltar.
Then, in strolls John Anderson. Baloulian’s e-mailed response reads in part: “You may disagree with me, but allow me to question your definition of ‘misery.'” After giving a minutely detailed breakdown of the gambler’s playing history, Baloulian noted that he had spent an average of $10.20 an hour in the casino. The Justice Department says they’re illegal, but a federal appeals court ruled in November that they aren’t banned by current statute. banks, bowing to pressure, have already blocked the use of credit cards to pay gambling debts.
Anderson’s online casino made about $50 million last year, as much as a big Las Vegas casino and more than all but a handful of Internet companies. Ashley also couldn’t be reached for comment.
“Do I look like some money-laundering terrorist?” Anderson asks in a thick Scottish brogue. Accepting sports bets electronically is expressly barred by law. On a recent training day, recruits from Brazil, Japan, and the Netherlands listen intently as instructor Vahe Baloulian, a former air traffic controller in the Soviet army and a gambling-psychology expert, explains that gamblers spend (that is, lose) an average of $10 an hour online and consider it a fair price. In the mid-1990s, Stroll (a.k.a. And he’s figured out how to use the power of the Web to forge bonds with players that an offline casino can only dream of.
“People are predisposed to lose,” Baloulian later says. More than 7 million people have downloaded Casino-on-Net game software. government’s crackdown on online gambling, which at first focused on sports betting. Through business contacts in Israel, he met Casino-on-Net’s ultra-private founders.
Meanwhile, sleazy if aboveboard operators keep rolling in. Casino-on-Net is the first and, so far, only casino to join.
Dragging the industry into the daylight won’t be easy. And Anderson has the ultimate edge shared by gaming operators everywhere: The house always wins in the end.
Anderson is building a 20,000-square-foot headquarters in Gibraltar with sweeping views of the Mediterranean. It also had attracted a cast of characters that anti-online-gambling forces could hardly help but notice.
“Prolong their pleasure and you create a relationship,” Baloulian says.
It would seem a lonely crusade with bleak prospects–except that Anderson is already closing in on one coup. politicians who see gambling as a sin. His organization, scattered around the globe under names like Cassava Enterprises and Virtual Holdings, hasn’t responded to e-mail. He knows gambling isn’t for everyone. The legality of online casinos is a murkier question. But a lot is at stake. Anderson, at 52, has found an especially sophisticated way to tap a lucrative vein of stay-at-home bettors. “You can’t fly on gut,” he says.
By this summer, Casino-on-Net will have relocated its nerve center to the British territory of Gibraltar. Jack Strulovitch) ran a boiler room that promised respondents fabulous prizes that turned out to be near-worthless junk, Canadian authorities say. It has also prompted Rep. But banning it is far more morally troubling, he believes
The certification provides that both the provider and the operator are in compliance with the New Jersey Division of Gaming Enforcement and are provisionally permitted to offer real money gaming online to patrons accessing the online system physically within the state of New Jersey.
NYX Gaming Group is headquartered in Las Vegas with development out of Stockholm and Sydney.
SNG Interactive (“SNG”) is a joint venture set up between Sportech PLC and NYX Gaming Group Limited in late 2013 to provide a new online gaming platform to the Atlantic City-based Resorts Casino Hotel.
ABOUT RESORTS CASINO HOTEL
Slated to launch in February 2015, the real play online casino, will feature the largest selection of casino slots and table games in the state of New Jersey as well as exclusive titles and highly coveted content that are unavailable anywhere else.
ABOUT SNG INTERACTIVE
“As New Jersey’s first casino destination, Resorts is committed to delivering the best-in-class online gaming experience in the Garden State by partnering with gaming leaders, including SNG Interactive, which houses Sportech and NYX Gaming Group,” said Mark Giannantonio, president and CEO of Resorts Casino Hotel, a Mohegan Sun property. For more information about Sportech PLC, please visit www.sportechplc.com or email@example.com.
About NYX Gaming Group
Mohegan Gaming Advisors assumed management of Resorts Casino Hotel in Fall 2012 – a move that has set the stage for its return as the most exciting gaming destination in Atlantic City. Its 39,000 square feet of sophisticated meeting space includes seven meeting rooms and a 13,000-square-foot ballroom. For more information, visit http://www.resortsac.com.
Resorts Casino Hotel brought gaming to Atlantic City in 1978, Resorts Casino Hotel is at the top of its game today, offering world-class casino action in a relaxed environment that keeps the focus on fun. “With SNG’s flexible gaming solutions and exclusive game content, we’re excited to introduce Europe’s industry-leading casino slots and table games to the United States market for the best online user experience.”
Resorts is offering state of the art Know Your Customer (KYC) processing and several easy, convenient and foolproof payment options allowing guests to safely and securely deposit funds into their online accounts through online bank transfers, electronic bank transfers, MasterCard and / or Visa, or by visiting the Resorts Casino Cage on property.
About Sportech PLC
Sportech PLC is one of the world’s leading poolbetting organisations. We provide betting technology, operating systems and retail venues for betting on football (soccer), horseracing and greyhound racing. NYX Gaming Group is a proud recipient of the Special Achievement Award from EGR Magazine, which recognized the group’s consistent growth and innovation in multiple e-gaming verticals.
For more information about Resorts, please visit www.resortac.com.
. Resorts and its platform provider, Sportech NYX Gaming LLC, have been granted a transactional waiver by the New Jersey Division of Gaming Enforcement, allowing the casino hotel to launch its real money online casino platform, www.ResortsCasino.com, in the Garden State. Boasting a prime location spanning 11 acres at the northern end of the famed Atlantic City Boardwalk, the resort features 942 guest rooms and suites in two hotel towers, a 80,000 square-foot casino, two theaters, six restaurants, two VIP slot and table player lounges, a casino bar, indoor-outdoor swimming pool, health club and spa, salon, and retail shops. Through its fully hosted Open Gaming System (OGS(TM)), licensees can leverage the best in multi-vendor Casino content from around the world. Game development arm NextGen Gaming is the industry’s leading platform agnostic provider of engaging, repeat play Slots, providing entertainment for players and profits for Operators. The Group operates through three divisions: Sportech Racing and Digital, Sportech Venues and The Football Pools. The technology division, NYX Interactive, specialize in developing gaming system solutions for World Lottery Association members, media companies and both private and publicly listed Gaming companies worldwide. Through its Open Platform System (OPS(TM)), operators can take advantage of best of breed products and services, including their own, all managed via a single interface. Resorts Casino Hotel made history as the first American casino outside of Nevada and celebrated its 35th anniversary in May 2013 with a new milestone: the opening of a $35-million Margaritaville casino and entertainment complex that includes, among other attractions, the only year-round beach bar on the Atlantic City sand.
With the transactional waiver granted by the New Jersey Division of Gaming Enforcement (DGE), www.ResortsCasino.com will be allowed to participate in the state’s online gambling market following a week-long testing period during which the DGE completes its testing of www.ResortsCasino.com, including services for geo-restriction, player verification and payment processing. Globally we have a presence in 30 countries, employ over 1000 people and process over $12 billion in bets annually. Once approved, www.ResortsCasino.com will launch its iGaming products and online platform in the Garden State.
ATLANTIC CITY, N.J.–(BUSINESS WIRE)–Resorts Casino Hotel (“Resorts”), the first casino to open in the state of New Jersey, is excited to launch a new wave of innovative iGaming digital capabilities. Headquartered in London, England, the company also has operational offices in Connecticut, Atlanta, Toronto, California, New Jersey, Liverpool, Bristol, Netherlands, Germany and Ireland. We focus on highly regulated markets worldwide, with our largest activities in the US, where we are licensed in over half the States and employ over 700 people. NYX Poker Network, is a leading internet poker network deliver poker solutions for online poker operators world-wide. The Las Vegas office provides social Poker Casino solutions out of the group headquarters. The group provides flexible gaming solutions to some of the largest lotteries, casinos, poker rooms and I-gaming operators across the globe
There are literally thousands of sites on the Internet all dying to get their hands on your money. They offer generous incentives for you to join them with some sites offering to match your deposit up to £200 and do you know why? It’s because they know that they will get their money back plus most of yours.
Gambling over the Internet
The only people who are making money out of gambling are the bookmakers; the exchanges and the spammers who sell systems that promise you the earth. Chelsea are expected to win most of their games and so the odds for Chelsea to win are very low, whereas the odds on the other team to win and the draw are quite high. You may even manage it once but then to keep on doing it, is very unlikely.
You could win eight times out of ten then lose all your profits on the two games Chelsea lost or drew. The exchange takes a 5% cut from the winner of the bet. It is all down to maths. In other words, the more successful you become then the less you will actually win until eventually you lose any profit that you gained.
If Chelsea wins then I win £10 – 5%
Can you see that I am at a disadvantage from the start? If Chelsea lose then I lose £10. In reality it’s much more complicated. Nowadays, there is a way for you to become the bookmaker, due to the emergence of Betting Exchanges such as Betfair and Betdaq.
A betting exchange is different to a usual bookmaker because you are matching your back bet with a lay bet placed by someone else. A very simple example:
I place a £10 bet on Chelsea to win. In practice making a book (as they call it) is almost impossible.
Even if you do become successful and manage a winning streak, the chances are that bookmakers will limit or even suspend your account and in some cases just refuse to pay out. It is very unlikely that you will ever get the odds needed to complete a book. If Chelsea draw then I lose £10, I can only win if Chelsea wins.
Sports’ betting has never been easier to do. Don’t fall for it; within a few months they will be selling another system because their earlier ones don’t work.
That was a very simplistic example. It is these differences in the betting odds that ensure that you will never win at sports betting.
Someone else bets £10 that Chelsea will not win.
In theory you can become the bookmaker by laying every outcome so that you will make a small profit once you have paid out to the winner. The odds just don’t allow it. Exchanges use bots (software) to keep the odds markets artificially fluid that ensure that people will bet more, especially when an event is in running.
The only person to win is the bookmaker, when did you ever see a bookmaker riding a bicycle? Never is the answer