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Corruption at Online Casinos

A local businessman who has stock shares with Bilyoner.com, an Internet sports wagering site, and who happens to be the chairman of an investment company that bears his name, is expressing concerns about the rampant corruption happening with football in Turkey, which he believes caused his company 10 percent income losses right now. Emin Hitay explained his concerns during a recent interview with Hurriyet Daily News. He said that the recent events are worrying for his company and other firms offering online casinos and lottery. The police investigations currently being conducting are for the allegations of bribery and match-fixing, two charges quite upsetting to the operation of his business, and to other companies offering land and online casino, lottery and poker games.

During this interview, he also made sure to point out the various illegal online casinos and gambling activities entering Turkey. These operations are obviously not paying any taxes to the government. And they are definitely a threat to those vendors offering land and online casino services, though its imbalanced competition. Hitay added further that it is easy for these companies to give huge payouts since, after collecting money from players in Turkey, they do not pay in type of taxes to the government. One word was emphasized by Hitay, these operations are simply: unfair.

While other illegal operation provide services of various types, such as online casinos and poker games, Bilyoner.com is only allowed to operate and provide their service to IDDAA, which is the only football betting game authorized to operate in Turkey. Even if his company is earning approximately €550 million as of September 2011, the scandal surrounding Turkish football still affects his business.