Mon, Mar 11, 3:25pm by Staff Writer
New Jersey gambling regulators have seized more than $90,000 sitting in an online gambling account after the state uncovered a strange connection between the money and its source.
A gambler 3,000 miles away in California was able to gain access to two online gambling sites in the New Jersey and pocket some substantial winnings.
The only trouble is, accessing online sites from California is against federal regulations.
Californian Vinh Dao managed to bypass geolocation technology and gamble online according to Calvin Ayre.
The activity was traced back to 2014, shortly after online gambling began in New Jersey, and both the Borgata and Caesars Interactions are now going to have to turn over the funds to authorities.
Online gaming had only been offered in New Jersey for three months when the enterprising Mr Dao figured out how to beat the house and bypass geolocation controls.
Virtual Private Networks (VPNs) are often used to mask someone’s true location, but advanced systems such as the one used in New Jersey were supposed to incorporate secondary means of geo detection.
The state’s Division of Gaming Enforcement has not indicated how much of the $92,613.47 were actual winnings held by Dao, only offering that the amount represented the “completed gaming transactions theoretically owed to Mr Dao by Marina District Development Company, Borgata Casino Hotel, and Caesars Interactive Entertainment, New Jersey.”
The Marina District Development Company was created by MGM Resorts and Boyd Gaming.
MGM bought out Boyd’s 50 per cent stake in the organisation in 2016, with Borgata now operating its online gaming operations through a partnership with Party, a company previously owned by bwin.
Mr Dao was allegedly given $2,500 of the near $93,000 sum for cooperating with regulators in the case.
The remaining funds will be divided between New Jersey’s problem gambling programs and a fund for senior citizens and the disabled.
It turns out Cali online poker player Vinh Dao managed to establish and play on three different NJ sites back in 2013-14. https://t.co/jAgZH8B6fI
— Haley Hintze (@Haley_Hintze) March 9, 2019
Sports betting in Italy has rebounded after a soft start to the year, with Italians wagering more than 1 billion euros in February.
New figures released by the Italian regulatory body reveal that the country’s licensed sports betting operators collected revenue of 160 million euros, a 29 per cent increase on the same month last year.
The increase was similar to that noted from January to February this year, which has been attributed to the Serie A football’s later than usual winter break.
Retail sports betting operators claimed the bulk of the revenue, while online sportsbooks are gaining year on year, with a 35.8 per cent rise.
Goldbet/Intralot was the retail betting leader with a 22.4 per cent share, while Bet365 claimed top online honours with 16.2 per cent.
The online casino market had a solid month, with revenue improving 12 per cent to 61.4 million euros, although this was lower than a record January figure of 72 million euros.
The Stars Group’s PokerStars claimed the largest slice of the online pie at just under 10 per cent, followed by Sisal and Lottomatica at just below 8 per cent.
Last month, Italy issued 70 online gambling licenses – 50 fewer than originally anticipated.
Among those awarded a license were Pinnacle and 1xBet, which could have difficulty raising brand awareness due to advertising restrictions.
In addition to advertising struggles, new players will be subject to increased taxes for online and land-based operations.
The advertising ban began at the turn of the New Year and involved a ban on all gambling advertising and sponsorships, regardless of the medium that they’re promoted.
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