The Chinese authorities have finally caught up with deceitful online betting taking place in Cambodia, 218 suspects were finally arrested after the authorities spent about a year investigating into the illegal online gambling system in Cambodia. The suspects were believed to have cheated more than 1, 000 customers a total amounting to RMB140 million, which is equivalent to US dollars 21.5 million.

March 17^th served as a very important time for all parties involved, as it was during this day that the Moscow’s Betting Trends Forum for 2016 took place.

Those in attendance

Majority of the attendees were the Russian and the foreign betting representatives, a lot was discussed on the incorporation worldwide strategy aimed to help in the growth of the upcoming Russian powerhouse market. No party went home disappointed.

The online casino industry is perhaps one of the fastest growing internet businesses. It has seen a consistent increase in the number of players over the past few years. Today, there are thousands of gambling sites on the internet that allow casino players to gamble. The money exchanging hands in these sites is sometimes compared to that of online forex trading industry. The online casino industry is simply a platform that performs the functions of the traditional casinos but via the internet. There are so many advantages that come with this new platform including a global customer base for companies that care to invest in this business.

As the years pass, online gambling is becoming profitable and more popular. 2015 saw the launch of multiple online casinos around the globe. America still went on with its fight on legalization of online gambling and there was a temporary win favouring online gambling.

Last week saw the Republican and the democrats pull a rare show of a bipartisan move for them to make law a government spending and tax package but the Restoration of America’s Wire Act (RAWA) was not in it. The RAWA bill was a suggestion from Rep. Jason Chaffets and was backed highly by Sheldon Adelson who is a huge opponent to online gambling. This bill would make possible the Wire Act become an old interpretation that in the future make online gambling illegal in the united State which would include the current states that allow online gambling. These states are Nevada, New Jersey and Delaware.