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Alderney to Investigate PinnacleSports.com

Written by:

Aaron Goldstein

Published on:

Oct/29/2012

Alderney to Investigate PinnacleSports.com

The online gambling licensing jurisdiction of Alderney does not want to take any chances following last summer’s debacle with Full Tilt Poker. On Monday it was announced they will now commence an intensive investigation into PinnacleSports.com.

Pinnacle has been implicated by US authorities for its alleged role in a $50 million sports betting ring that netted 25 individuals stateside.

Queens District Attorney Richard A. Brown, joined by New York City Police Department Commissioner Raymond W. Kelly, Acting Assistant Director in Charge of the New York Office of the Federal Bureau of Investigation Mary E. Galligan, and representatives of other law enforcement agencies from across the country, announced the indictment of the 25 individuals – including three owners of a sports betting Internet website – in five states on charges of operating an illegal sports betting enterprise in Queens County and elsewhere. Three owners of Pinnacle Sports along with agents alleged to be working in conjunction with the Curacao-based sports betting company were taken into custody. The Director of Cantor Gaming’s sportsbook operations in Las Vegas was also arrested and charged in connection with the investigation.

It is unclear what, if any, impact will occur should Alderney pull its license for Pinnacle Sports.

- Aaron Goldstein, Gambling911.com

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