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Online Casinos Cutting Job?

Recent reports about the Bodog gambling group indicate that the company could be on the brink of folding thanks to some events in the United States. Apparently Bodog is cutting jobs at the company’s Canada operations and has additionally lost millions of dollars thanks to investigations and actions by the US government. The Bush Administration has come down hard on the online casinos and related companies that continued to offer gambling services to US gamblers despite the passage and implementation of the UIGEA. The reports are all over the international online casino gambling industry media that the company could be in the final months of operation as the US government closes in on the company’s financial channels.

Bodog has gained a reputation because of the founder and former CEO, Calvin Ayre. Ayre left the online casino poker gambling company just last year and has moved on to new philanthropic endeavors – but in the wake of his departure Bodog is entertaining some very serious allegations and reports from the mainstream media. The current CEO of Bodog, Alwyn Morris, has painted a very rosy picture of the state of affairs at the Bodog online casino gambling group, but the reports of job losses and continued US investigation persist.

Analysts within the online casino gambling industry assert that this could be the slow crumble of the company as the US investigation continues. Reportedly, the US government confiscated more than $24 million from the company’s US bank accounts. Other reports indicate that the company has laid off as many as 200 employees.