Online Gambling Processor Daniel Tzvetkoff Likely To Get Reduced Sentence

Written by:
C Costigan
Published on:
Daniel Tzvetkoff


Citing a recent case against Canadian online gambling payment processor Douglas Rennick, The Australian newspaper suggested that Aussie Daniel Tzvetkoff could be looking at a similar sentence in the U.S. since both men are essentially charged with the same crime, money laundering and fraud.

Rennick originally faced up to 55 years in prison.  Instead he received six months home detention.

Tzvetkoff, who was picked up in the States while attending a Las Vegas conference, had been awaiting trial in a New York prison.  A judge allowed him out on bond two weeks ago.  Tzvetkoff must remain in home custody with his sister in the U.S. while awaiting his sentencing.

From The Australian:

The case against Rennick mirrors the one against 27-year-old Mr Tzvetkoff, who just a few years ago held the crown as one of Queensland's most successful young businessmen with an estimated personal fortune of more than $80 million.

The Australian business magnate faces up to 75 years in prison but his legal counsel will likely point to the Rennick case in getting a reduced sentence. 

Online gambling operators have little sympathy for Tzvetkoff, who some claim scammed them out of millions.  

Rennick reportedly processed around $US300 million while Tzvetkoff is accused of processing some $US500 million.

Aaron Goldstein, Gambling911.com 

Gambling News

Can I Bet on MyBookie.ag From Florida

You can bet on MyBookie.ag from the Sunshine State but there are so many other great choices from Florida.  How about a sportsbook that allows you to open a betting account with just an email anonymously and pays in a matter of hours?

Bellagio Sports Betting Error Was Biggest Ever in Vegas

Longtime Las Vegas bookmakers say they can't remember a bigger blunder in that city's history of taking sports bets.

Where Can I Find a Good Pay Per Head Sportsbook Solution for Bakersfield, CA (2020)

RealBookies is an excellent Pay Per Head sportsbook solution for bookmakers and agents in the Bakersfield area.

No Social Distancing at Meadowlands With Covid-19 Questionnaire Line

If you showed up at the Meadowlands Race Track Friday evening, chances are you had to participate in a Covid-19 screening that could best be described as an "epic fail".

Things to Know About Online Bookies

Things to Know About Online Bookies

Online bookies have had a massive surge in popularity in the last 5 years.