The payment processor announced that the funds frozen at the end of April at one of the company’s financial transaction processors have now been seized by the U.S. Department of Justice. All of the $9.25 million are related to internet gambling except for approximately $940,000 of Citadel’s own capital.
In other news, shares of Optimal Group lost over 10 per cent among increasing uncertainty surrounding the company, which recently announced that it was voluntarily responding to a request for information from the U.S. Attorney’s Office in the Southern District of New York in relation to an ongoing investigation of illegal internet gambling in the United States.
While the Focus on the Family Action lamented delays in drafting the rules for enforcement of the UIGE Act and the Family Research Council said the pressure to water down the restrictions via the Treasury Department is intense, the Nevada Gaming Control Board revealed the state’s sports books turnover on the NBA was down 17 per cent from last year.
The race and sports supervisor at the Golden Nugget told Gaming Today the decision of Pinnacle Sports to stop accepting bets from US citizens hurt the Las vegas casinos: “Less numbers were available to bettors so they couldn’t shop around as in the past. A lot of the guys would middle their NBA bets with us or other players.”
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