The time is nearing to unplug your Compaq Presario and take the train over to New Jersey because we’re going Internet gambling, baby. The AP reports that a dozen casinos will open special parlors that will allow online betting beginning Nov. 26, after a five-day “soft play” period to work out the kinks. Read More
Yesterday, Full Tilt Poker founder Raymond Bitar pled guilty to unlawful internet gambling, as well as conspiracy to commit bank fraud and wire fraud. Federal prosecutors busted his site in 2011, saying it was basically a big-ass Ponzi scheme. Mr. Bitar was arrested last year when he returned to the U.S.
But even though he’s copped to his crimes, he’s not going to serve anything like the max of 35 years in prison (or even the six years recommended by federal sentencing guidelines). That’s because Mr. Bitar is a very sick man, and jail time would essentially be a death sentence. Read More