Home	Tutorial	Online Casino Reviews	Best Online Casinos	Casino Software	Casino News

Online Casino Gambling --- Casino News

The Damage Assessed: 1

The online casino and poker gambling industries are breathing a small sigh of relief this week with the airing of the Sixty Minutes program now in the past – and the damage to the industry was actually only very minor according to many industry analysts. The Sixty Minutes expose has been all of the talk for the past month as Tokwiro Enterprises and many other online poker gambling companies prepared for the onslaught of negative attention. The expose covered the two cheating scandals that have rocked the world over the past year. The scandals were the largest in the history of the industry – more money was fraudulently taken than ever before at online casinos and internet poker gambling sites.

The situation has been covered extensively on GambleCraft in the past, but, in short, sister online poker sites Absolute Poker and Ultimate Bet were both involved in cheating scandals that have been rumored to topped $20 million in lost funds and money fraudulently taken from internet gamblers. The two companies are owned and operated by Tokwiro Enterprises and licensed by the Kahnawake Gaming Commission in Canada. The first cheating scandal was uncovered a bit over a year ago – in August, and the second of the cheating scandals was uncovered just six months later at a sister site. Both cheating scandals were not uncovered by the online casinos and poker sites themselves but rather the internet poker gaming community.

The subsequent investigation has been highly controversial because of the lack of information that was initially released to the online poker gambling industry on the whole. Additionally, the internet casino and poker gambling industry is a bit up in arms over the fact that no one has been prosecuted or arrested in connection with the crimes.