INTERPOL Swoops Down in Illegal Gambling Crackdown

INTERPOL Swoops Down in Illegal Gambling Crackdown

INTERPOL chief Jean Michelle Louboutin says massive profits lay behind the cross-continental gambling crackdown that is illegal.

INTERPOL has established the arrests of 1,400 people across East Asia; the outcome of the campaign that is six-week split up illegal gambling systems in the region. The operation, code-named Operation SOGA V, was a joint work between law enforcement from China, Hong Kong, Macau, Malaysia, Singapore and Vietnam, and coordinated by INTERPOL, and saw the seizure of almost $12 million.

Prohibited gambling is rife in East Asia, and bets put through the betting syndicates, which are often controlled by organized crime, dwarf the European that is legal and American gambling markets many times over. Since it is clandestine and unregulated, it’s difficult to position a figure in simply how much the market is actually worth, but Foreign Policy magazine recently estimated that it could be around $450 billion.

It’s also believed that $140 billion in dirty cash is laundered through industry each year. INTERPOL said this week that the organizations split up within the raid that is latest were estimated to own managed around $2.2 billion worth of bets, most of those through unlawful online gambling sites.

‘ The results of this operation that is latest SOGA are significant in relation to the volume of bets being handled by these illegal gambling dens, along with the number of arrests,’ said Jean-Michel Louboutin Continue reading “INTERPOL Swoops Down in Illegal Gambling Crackdown”

Oneidas and Cayugas Pass the Peace Pipe Over Casinos in brand New York State

Oneidas and Cayugas Pass the Peace Pipe Over Casinos in brand New York State

New York Governor Andrew Cuomo puts their John Hancock on a settlement deal between the state and a few Indian casino factions (Image: RoundHouseTalkNews)

Seems like the New York State Indian tribes are smoking the peace pipe; the Oneida Indian Nation has said in court that it will maybe not block a casino project by the competing Cayuga Nation, despite the technicality so it would fall within the geographic parameters of the Oneida’s casino monopoly into the area. A peaceful settlement to longstanding factional fighting could finally become reality, which would in turn net several New York State counties their share of millions from the Oneida’s existing Turning Stone Casino near Niagara Falls with that move.

Long Battle Finally Ending

It might also see a settlement agreement that was finalized last Spring by brand new York State Governor Andrew Cuomo along with the Oneida Nation therefore the affected nyc counties finally come to fruition. a battle that is decades-long land rights and tax concessions had created bitter battle lines between all included until the recent settlement; now the Oneidas will get exclusive rights to build casinos in 10 New York counties, including Cayuga County, in exchange for turning over 25 percent of their slot revenues each year to the state coffers.

At problem with that deal from the Cayuga standpoint was that within those 10 counties stood Cayuga County, in Continue reading “Oneidas and Cayugas Pass the Peace Pipe Over Casinos in brand New York State”