..

Monies Seized from Online Gambling Sites Will Pay for new Undercover Vehicles

Written by:
C Costigan
Published on:
Jun/02/2011
Anne Arundel County police department

The Anne Arundel County police department of Maryland has hit the jackpot, netting nearly a half-million dollars for its assistance with a federal agency that seized nearly a dozen online gambling websites last week, including Bookmaker.com, DoylesRoom.com and BetED.com.

Nine of the ten online gambling websites belonged to the Bookmaker Group, which had most of its businesses up and running within 24 hours of the seizure.  The Bookmaker brand had switched to a .ag domain extension even before its main .com site was offline. 

A second company charged in the sting operation, BetED.com, closed its doors following the announced charges.  That company claims it cannot make good on payments since the US Attorney's Office ouf of Balfimore seized all of its funds.  Customers are demanding to know where their funds are.

"Now we know," quipped one industry insider. 

The Anne Arundel County police department received a check for $470,407.62, which is being called "the single largest asset distribution in county history".  The check will be used to pay for undercover police cars and equipment. 

The sting operation was called “Operation Texas Hold’em”.  Federal authorities set up a phony payment processing company that entered into arrangements with the Bookmaker businesses and BetED.com.  Most of the money seized reportedly came from BetED.com.   Federal authorities handled some $33 million in online gambling transactions during the two-year investigation. 

 

- Christopher Costigan, Gambling911.com Publisher

Gambling News

Odds of Where the Chinese Rocket Will Crash

Odds of Where the Chinese Rocket Will Crash: Land 3-1, Water 1-2

With the Earth made up of 71% water, the odds of the Chinese Long March 5B rocket debris hitting land are long.

Lakers Injuries; NBA Playoffs Props 2021

Lakers Injuries; NBA Playoffs Props 2021

BetOnline has bumped the Lakers' championship odds from +300 on Monday to +400 as of Friday, following the ankle injuries to LeBron James and Anthony Davis.

First Things You Need to Know About Starting Your Own Online Sportsbook

First Things You Need to Know About Starting Your Own Online Sportsbook

The sports betting industry is, for sure, one of the biggest and most profitable you will ever find in the modern world. Betting on sports, casino games, horse racing, and other gambling products, have become one of the most popular hobbies and fun daily activities for millions and millions of people from all over the world, and if you can get in on it and run your own operation, then you will most probably start getting a good piece of the pie. 

Gambling Company Stocks Tanking, Calls for Ban on Team Sponsorship Deals

Gambling Company Stocks Tanking, Calls for Ban on Team Sponsorship Deals

Investors appear concerned over Penn National's “free” customer acquisition through the Barstool brand, and DraftKings spend to acquire its customers.

Sports Betting Set For Explosive Growth in 2021:  CEOs Share Outlook

Sports Betting Set For Explosive Growth in 2021: CEOs Share Outlook

Wall Street Reporter, the trusted name in financial news since 1843, has published reports on the latest comments and insights from leaders at: MGM Resorts International (NYSE: MGM), FansUnite (OTC: FUNFF) (CSE: FANS), fuboTV (NYSE: FUBO), and DraftKings (NASDAQ: DKNG).

Syndicate