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Investigators Target Online Casino Sites Sale

The online casino activities of a Denver-based company are currently subject to investigation by law enforcement authorities in two U.S. states. The firm allegedly provided several individuals with online casino sites to run as business ventures. The online casino venture was billed as a “work from home” opportunity and was marketed in Colorado and Arizona.

One new “online casino” entrepreneur paid $999 for a site that offered gaming fans roulette, poker, slot machines, and sports betting facilities. Attracted by the option of working at home, the Phoenix resident contacted the firm and was told that she could potentially earn $25,000 every three months if her online casino proved successful. However, attracting the right clientele proved tough. When the new entrepreneur contacted the firm again, she was told to provide a further sum of $7,500 for online casino advertising costs.

After receiving a complaint from the new online casino owner and several more from others in the state, law enforcement authorities searched the firm’s premises and issued a warrant for the arrest of its CEO. No charges have yet been filed in the case; however industry analysts expect the firm to be prosecuted fully in due course. Under U.S. federal law, it is illegal to own or operate an online casino site for the purpose of profiting from gambling.

OCA News Editor

Jenny McKinnley is OCA’s financial correspondent. After spending years on the trading floor in both NY and London, she offers insight from the inside out on world financial news and events.