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OPINION
August 12, 2010
Congress cracked down on most forms of online gambling four years ago, concerned that the explosion in unregulated (and questionably legal) poker and sports betting sites was promoting organized crime, money laundering, underage betting and a host of other ills. The effect, though, was simply to drive U.S. residents to sites in other countries where online gambling is legal — no less convenient and, potentially, just as unregulated. House Financial Services Committee Chairman Barney Frank (D-Mass.
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BUSINESS
April 24, 2014 | By Robert Faturechi
Just like it did to booksellers and travel agents, the Internet is rendering obsolete  money launderers inside brick-and-mortar casinos. According to a report released Thursday, the world's criminals are increasingly laundering their ill-gotten gains on pseudo-legal gambling sites. Unlike their brick-and-mortar counterparts, the Web services allow criminals to hide their identities with cryptocurrencies such as Bitcoin, and muddy their whereabouts. Users, for example, can mask their true locations and make it seem to law enforcement that they're located in another state or abroad.
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BUSINESS
February 5, 2014 | By Ricardo Lopez
Lawmakers in 10 states are considering bills that would allow or expand online gambling, according to a group that tracks such legislation around the world. Gambling Compliance said those states included California, Colorado, Hawaii and Pennsylvania.  In a research paper released Tuesday , the group said 2014 was shaping up to be a busy year for efforts to legalize online gambling.  Legislation in California is being hammered out that would allow online gambling by tribal casinos in the state.  Last year, three states legalized online gambling.
BUSINESS
February 16, 2014 | Michael Hiltzik
The most sinister video you're likely to find online just now comes from people who oppose online gambling. "Disreputable gaming interests are lobbying hard to spread Internet gambling throughout the country," a voice over intones. Cue the grainy black-and-white footage of something sketchy going on in an alleyway, the ominous music and allusions to criminal "syndicates" and terrorism. The narrator warns that "an established Al Qaeda poker network could extract enough untraceable money from the United States in just a few days to fund several 9/11-sized attacks.
BUSINESS
June 28, 2012 | By Willam D'Urso
Former Utah banker John Campos has been sentenced to three months in prison for processing about $200 million in illegal online poker transactions. Campos, the vice chairman of SunFirst Bank in St. George, Utah, had pleaded guilty in March to a misdemeanor charge of causing a federally insured bank to accept money in connection with illegal gambling. Judge Lewis Kaplan called the crime "greed-driven" but said he was being "extremely lenient" with his sentencing. “There's just no doubt at all that you engaged in criminal behavior,” Kaplan said.
OPINION
October 26, 2006
Re "That's a losing hand," Opinion, Oct. 24 I never would have believed it, but Joel Stein won me over on this column. Our "moral" government trying to stop online gambling is almost the biggest joke since it started to spend billions of dollars in Iraq. When does it ever turn down tax revenue from the middle class and poor? Grow up, Washington, tax the heck out of it and save me $10 on my taxes next year. MARGO L. ALLEN Laguna Woods The ultimate irony of the bill banning Internet gambling is that Senate Majority Leader Bill Frist rammed the prohibition through Congress by attaching it to the unrelated SAFE Ports Act and wouldn't let Democrats read the final language.
BUSINESS
June 30, 2011 | By Shan Li, Los Angeles Times
Full Tilt Poker, one of the most popular online gambling sites, had its operations suspended by regulators in the British Channel Islands, delivering another blow to an industry already reeling from a U.S. crackdown. The gambling commission on the island of Alderney suspended the licenses of Full Tilt Poker and affiliated companies following an investigation prompted by indictments in the U.S., according to a statement Wednesday from the commission. Those indictments, filed in New York in April, charged company executives with bank fraud and money laundering.
BUSINESS
April 7, 2000 | Bloomberg News
A U.S. House committee approved a bill that would outlaw Internet casinos and most other forms of online gambling. The Judiciary Committee voted 21-8 to send the legislation to the full House. The measure would would impose a fine equal to the value of the bet or $20,000, whichever is greater, and a maximum four-year prison sentence. Supporters said the bill will help control an unregulated and growing industry.
BUSINESS
September 17, 1999 | GREG MILLER, TIMES STAFF WRITER
State and federal investigators on Wednesday raided an online gambling company in Garden Grove suspected of cheating hundreds of investors out of as much as $20 million. The Orange County raid is part of a broader crackdown by state authorities on dozens of suspected "boiler room" operations in Southern California that allegedly prey on unsophisticated investors by persuading them to pour money into dubious Internet enterprises.
BUSINESS
October 14, 2006 | From the Associated Press
Britain-based online gaming companies began cashing in the chips of their U.S. operations Friday as President Bush signed a bill aimed at restricting Internet gambling in the United States. Sportingbet and Leisure & Gaming both sold their U.S. operations for a token $1, and World Gaming directors resigned, leaving the company in the hands of administrators.
BUSINESS
February 5, 2014 | By Ricardo Lopez
Lawmakers in 10 states are considering bills that would allow or expand online gambling, according to a group that tracks such legislation around the world. Gambling Compliance said those states included California, Colorado, Hawaii and Pennsylvania.  In a research paper released Tuesday , the group said 2014 was shaping up to be a busy year for efforts to legalize online gambling.  Legislation in California is being hammered out that would allow online gambling by tribal casinos in the state.  Last year, three states legalized online gambling.
ENTERTAINMENT
October 3, 2013 | By Betsy Sharkey, Los Angeles Times Film Critic
Only one word describes the effect of watching Ben Affleck slowly dial down the temperature one degree at a time in "Runner Runner": Cool. Frank Sinatra cool. He stars as sociopathic online gambling mogul Ivan Block, and if that role doesn't sound cool, you haven't seen Affleck at the controls. Justin Timberlake costars as Richie Furst, a Princeton whiz kid, also cool. Not as cool as Block. Nor as keen on the whole sociopathic lifestyle. The money's great, but feeding enemies to the crocodiles crosses some lines.
BUSINESS
May 28, 2013 | By Andrew Tangel and Chris O'Brien, Los Angeles Times
NEW YORK - In what was described as the biggest-ever international money-laundering scheme, a federal grand jury has indicted a company on criminal charges that it used "virtual" currency to launder more than $6 billion in ill-gotten gains. Liberty Reserve, a Costa Rica company founded in 2006, was so welcoming to criminals looking to cloak their identities that an undercover agent was able to register as "Joe Bogus," authorities said. The agent was then able to set up an account to supposedly rip off ATM customers and what he described as "for the cocaine.
BUSINESS
April 30, 2013 | By Ricardo Lopez
Poker fanatics in Nevada now have an online play-from-home option to gamble.  The first legal online poker website launched Tuesday in the Silver State, home to the casino city of Las Vegas. The site, UltimatePoker.com , went up just two months after the cash-strapped state legalized online poker. PHOTOS: The strangest business sponsorships Nevada had been racing to beat New Jersey, which also legalized online gambling, in implementing wagering websites.
NATIONAL
February 27, 2013 | By Michael Muskal
Already fierce competitors, Nevada and New Jersey are preparing to open a second front in their fight for gambling dollars, this time in the virtual world of online gaming. On Tuesday, New Jersey Gov. Chris Christie signed a law legalizing Internet betting, following Nevada , which approved its version last week and hopes to be online for poker within months. Tiny Delaware is also in the hunt for online riches and could be taking bets by this fall. All three states will be offering online gaming, especially poker, to those living or visiting within their borders.
BUSINESS
July 3, 2012 | By Laura Hautala, Los Angeles Times
The founder of the defunct gambling site Full Tilt Poker, which allegedly owes $350 million to Internet poker players, was arrested in New York as he came back into the country. Raymond Bitar, who was an equities trader in Los Angeles before establishing the offshore website, was taken into custody Monday at John F. Kennedy International Airport. In addition to previous charges of bank fraud, money laundering and gambling, an indictment unsealed before his arrest charged him with defrauding customers.
BUSINESS
October 19, 2009 | MICHAEL HILTZIK
No issue brings out America's talent for self-deception like gambling. To persuade ourselves that we can keep this particular sin under control, we sequestered casinos in isolated places like Las Vegas and Atlantic City reachable only by superhighways, and isolated them on riverboats where not a single card could be dealt or slot lever pulled until the vessel left the dock. In Mississippi, the law used to say you couldn't have a casino unless it floated on water. After Hurricane Katrina forcibly relocated a few of these sin barges onto land, the Legislature, reading the disaster as a sign from God, revised the law to let them stay put. (The riverboat states, similarly, eventually allowed their floating casinos to remain dockside.
BUSINESS
June 28, 2012 | By Willam D'Urso
Former Utah banker John Campos has been sentenced to three months in prison for processing about $200 million in illegal online poker transactions. Campos, the vice chairman of SunFirst Bank in St. George, Utah, had pleaded guilty in March to a misdemeanor charge of causing a federally insured bank to accept money in connection with illegal gambling. Judge Lewis Kaplan called the crime "greed-driven" but said he was being "extremely lenient" with his sentencing. “There's just no doubt at all that you engaged in criminal behavior,” Kaplan said.
BUSINESS
December 28, 2011 | By Jim Puzzanghera, Los Angeles Times
The inexorable push to sell almost everything online could soon include lottery tickets. Officials at the California State Lottery said they will explore selling tickets over the Internet after the Justice Department determined that such sales would not violate federal law. "It does open up a major potential channel for lottery sales in California, but right now it's just a potential channel," Robert O'Neill, who was named last week to...
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