Online Casino Gambling

Sports betting is one of the biggest betting industries in the world today. It has grown to such enormity owing to the popularity of big sporting events, high profile players and the love coupled with the love for gambling. However, the US still deems sports betting as illegal. And when authorities are on the prowl for illegal gambling operations, it’s likely that these operations will be busted.

This is exactly what happened with a multi-million dollar online gambling operation at an offshore facility that was undertaken by the members of New York’s infamous crime families – the Genovese and the Gambino crime families. The partners in crime took an unexpected hit when authorities announced the arrest of 27 people in relation to the online gambling operation. Three more suspects are to be arrested who are presently on the run. Authorities believe that the suspects are in Panama.

Several such online gambling operations are outfitted in Costa Rica – Panama. The busted crime operation is said to have raked in a colossal $20 million in wagers every month. The online gambling accounts were operated from a wire room in Panama.

The investigation known as ‘Operation Betting it All’ has been working for over 38 months and the team has seized over $3 million in cash and more seizures several assets are still underway. Police records show that the illegal gambling circle generated over $567 million over a period of 28 months. Next time the underworld will know that if they’re planning for illegal operations they should be sure they don’t get busted, don’t you think?!