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Israeli Cracks Down on Online Casinos

Over the past year the Israeli government has made it very clear that the country was not willing to allow online casinos to operate within the countries borders. There has been an interesting relationship between the Israeli enforcement agencies looking to investigate and stop illegal gambling, and the internet gambling companies that operate from Israel, but not for Israelis. That distinction has long been tolerated from the Israeli government; as long as the online casino gambling companies were not directly allowing Israeli gamblers to access the sites many gambling companies were allowing servers and base operations to headquarter in Israel.

In the past several months though the Israeli government has begun to investigate these gambling companies that are supposedly operating online casinos for foreign markets…and the results indicate that many are not as honest in actuality as they are on paper. The Israeli authorities have announced millions of dollars in seizures as an online casino gambling ring was busted this month that was allowing Israeli citizens to gamble via the internet. The bust was huge and the Israeli police raided as many as 37 residences and froze as many as 160 bank accounts implicated in the internet gambling ring.

The gambling ring was actually less focused on the online casinos and rather allowed Israeli citizens to wager on sports betting. The gambling ring had been in operation for several years and took in as much as $100 million annually from the illegal internet wagers. This gambling ring bust, though enormous, is just one of what the police have indicated will be many raids and busts in the coming months as the police attempt to eradicate illegal internet gambling.