How the us government in 2006 Shut down BetonSports, A popular Costa Rican Internet Casino

For operators of online casinos around the world, the issue of allowing customers and taking bets from the united states has always been a difficult issues. While there has been some liberalization of gambling laws in america since the 1960s and up through today, the federal government still holds the position that all online gambling is illegal and operators of casinos that take bets from Americans online are at risk of being shut down. One illustrative example is that of BetonSports, a Costa Rican company that was shut down by the feds in 2006.

BetonSports was so successful that it was able to float a $100 million IPO (Initial Public Offering) and get listed on the Uk’s London Stock exchange. The company was licensed by Costa Rica and had plans to expand its operations further into Central and South American countries. Unfortunately ufa88s.info, the company also took bets from the US and its CEO David Carruthers was a public advocate for further liberalization of gambling laws in the us and worldwide, especially for online games.

The American government was quick to take action against the company and its directors with an indictment against the both the founder and the CEO. The indictment included charges of money laundering and tax evasion, which put both of them at risk of being extradited to the US. While online gambling and taking bets from Americans may not be illegal in some countries and would not lead to extradition, money laundering is always illegal, so this put the founder and CEO at greater risk.

CEO Carruthers was arrested in Dallas while waiting to change planes and the company was issued a restraining order against the company which prohibited it from taking bets from Americans. In addition, press releases were sent out that implied connections between BetonSports and the mafia, making the story even more sensational that it already was. The negative publicity helped to bring the company down, leading to layoffs of most of its staff.

The company stopped its operations in 2006 with the arrest of the CEO, and the case had been pending for trial for several years. The government has used the case to show that it has the laws and lawyers already to take on internet gambling, especially sports betting. Finally in early 2010, Carruthers was sentenced to 33 months in jail after pleading guilty to charges of conspiracy and racketeering. A news story by Reuters in January claimed that he was the first of the defendants to plead guilty and would be willing to testify against other co-defendants.

The BetonSports indictment and shutdown happened just as the story of Antigua’s complaint against the US for not allowing internet casinos into the States began to escalate. The WTO began to come around to Antigua’s position against the US in terms of forcing America to open its trade to foreign online gambling operations, just as the us was going after other online casinos around the world. The irony should not be lost, but this also shows that America will desperately cling to its protectionist online gaming policies even in the face of WTO and worldwide opposition to its anti-gambling laws. Today, the number of people with atrocious intents has steadily increased. Hence, it has become necessary to perhaps figure out a way in which you can identify these individuals so that you don’t end up getting caught in a scam unknowingly. For example, consider the concept of online casinos itself. There are such a large number of these scammers out there that it has become a little hard to identify and figure the ideal casinos that you can go to in order to get free casino games. However, things are not as hard today, and if you look out for some of the things mentioned below, you should be able to figure it out.

One of the best ways in which you might be able to identify the free casino games would be if you were to read some of the reviews that are posted on the website. It is necessary to check these reviews out, in different sites, since you will have a better understanding from the perspective of the end user. In a number of ways, this is an important thing to take into account and perhaps keep in mind about since you will learn whether or not you will get what you were expecting.

This might seem like something you should already know, but you will be surprised to know about the relatively large number of people that are out there that are actually still unaware about how to claim something for free. They end up providing their credit card details and are then surprised when they are charged with something. Read carefully and be absolutely certain that you are not going to be charged on your card for the free casino games. If there is any charge, you should be familiar with it before you end up paying for it unknowingly.

Leave a comment

Your email address will not be published.