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Illinois: No country for big casinos
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Nevada: The Stupid State
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They burned the Monte Carlo ... and may get away with it
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Nevada: The Stupid State
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They burned the Monte Carlo ... and may get away with it
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Posted At : November 4, 2008 03:28 PM | Posted By : D McKee
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International,Regulation,Tribal,Economy,Internet gambling
Add Excapsa Software Inc. to the list of companies and individuals who are being dragged down by the undertow of the Ultimate Bet scandal. Shareholders of Excapsa have been ordered to pony up $15 million, in order to make players cheated by Ultimate Bet whole. Ultimate Bet owner Blast Off charges Excapsa with selling it corrupted software that made the cheating ring possible.
One can draw a couple of conclusions from these events. One, that the Kahnawake Gaming Commission, under whose "oversight" the Absolute Poker cheating scandal also took place, is a paper tiger. Two, that the sooner the kinds of online games are run from within the U.S., where they can be subjected to rigorous federal oversight, the better.
Would the last person to leave Nevada please turn out the lights? Revenue shortfalls continue and Gov. Jim Gibbons' peeps are now talking in terms of a 30% state budget reduction. Maybe they can sell pencils out of tin cups as passengers arrive and depart from McCarran International Airport.
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