U.S. crackdown on online-gambling clouds its future
Last year at this time, the Internet-gambling industry’s biggest event, the Global Interactive Gaming Summit & Expo, drew about 1,800 attendees. This year’s event here drew about half that.
What happened? Last July, David Carruthers, the chief executive officer of BetonSports.com, was arrested in Texas and charged with 22 counts of racketeering and fraud. Carruthers is under house arrest and awaiting a trial date.
His arrest marked the beginning of a government crackdown on the $12 billion online-gambling industry. And it convinced officers of those companies that it would be wise to avoid visits to North America.
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