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Online Casino License Pulled

More reports are surfacing about the precise reason why the UK Gambling Commission chose to pull the gambling license from Paradise Bet, a small but profitable UK facing gambling group operating in the UK market. As soon as the license was pulled the industry media linked the situation to the Gangland raids in Italy. The Italian police have been investigating specific instances of organized crime within the online casino gambling industry, and in this case, the Italian mafia were behind the Paradise Bet operations according the evidence gathered in Italy. This is one of the big fears in the online casino gambling industry; that the poor judgments of one internet gambling group will reflect poorly on the whole industry.

More information has been released by the Italian police; Italian authorities apparently seized more than $300 million in assets. One of these assets was Paradise Bet. As soon as the UK government found out about the online casino betting group’s link to the Italian mafia the UK Gambling Commission pulled its license to operate…perhaps a little late though considering the Italian authorities no doubt plan to completely disband the online gambling group.

To that end though, the UK Gambling Commission announced a planned investigation into the online casino gambling group – and along with information obtained by the Italian investigation, a clearer picture of Paradise Bet’s exact link to the Italian mafia will be uncovered. Italian police have arrested Savino Parisi in the case because of his strong ties to the mafia family under investigation right now.