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Sells His Car, Van Pay Online Debts

Thursday 18 June 2009 @ 11:12 pm
van to pay online debts

van to pay online debts

AT a banana leaf restaurant off Jalan Klang Lama, the waiter points to a man concentrating on his laptop. “He’s gambling now,” he says. “He sold his car and a van to pay debts he piled up after only three months of online gambling.” The story is a common one. With Wi-Fi technology allowing any gambler with a laptop to place bets any time or place, online racketeers appear to be one step ahead of anti-gambling laws.

Malay Mail’s investigations into the extent of online gambling revealed property dealers, civil servants and wives of the wealthy who all gamble online. A Malay Mail reporter visited two virtual casinos over the weekend with two regulars who tried their luck with RM20,000 and RM10,000 each. Both lost.

Both had opened an account each at Internet gambling websites in Cambodia and Vietnam after paying a deposit of about RM5,000 with their credit cards. The operators of the online casinos, mostly abroad, appoint agents in Malaysia. The local collectors go to their homes to collect cash and distribute winnings. In other cases, gamblers would, from their personal computers, use credit cards to set up prepaid gambling accounts with those Internet sites. In the course of the betting, losses would be deducted from the pre-paid account, and wins would be added to it.

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Sells His Car, Van Pay Online Debts



Online gambling - Wikipedia, the free encyclopedia
On March 5, 2009, France proposed new laws to regulate and tax internet gambling. ... stated the French gambling market would expand to adapt to "Internet reality. ...
en.wikipedia.org/wiki/Online_gambling

American Gaming Association : Industry Issues Detail
INTERNET GAMBLING. There has been explosive growth in the availability of online gambling sites since the introduction of the World Wide Web in the early 1990s. ...
americangaming.org/Industry/factsheets/...?id=17

Internet Gambling Report - legal,regulatory,compliance ...
Internet Gambling Report is the definitive resource on Internet Gambling. ... Internet Gambling Report is now available in print as well as online. ...
internetgamblingreport.com

FRB: Testimony--Roseman, Internet gambling--April 2, 2008
Internet gambling. Before the Subcommittee on Domestic and International Monetary Policy, ... Most unlawful Internet gambling businesses are based outside the ...
federalreserve.gov/newsevents/testimony/roseman20080402a.htm

The Internet Gambling Fallacy Craps Out
These groups also argue that Internet gambling is legal in numerous states around the country. ... V. ALL BETS ARE FINAL: ENFORCING AN INTERNET GAMBLING CONVICTION ...
law.berkeley.edu/journals/btlj/articles/vol14/.../text.html