Casino News: Antigua to Help

Online casino bettors, employees and the online casino industry as a whole should be satisfied with the news that makes its way from Antigua. It is very seldom that someone gets good news when it comes to the subject of betting. BetOnSports, the once highly popular online casino sports betting site that is based in Antigua and until recently serving many American gamblers will receive assistance from the government of Antigua and Barbuda in collecting debts and paying bettors and employees alike. The government’s decision to have its financial regulators help the company will in essence help the reputation and legitimacy of online casinos in general.

Cash flow problems have interfered with the online casino site’s past efforts to repay its customers. The problems are expected to be solved and debts resolved with government backing and assistance. The problems all began with the ban on online casino gambling passed in the United States, from which much of its wagers were placed. In fact, it has been since August 2006 that the debt situation has only worsened. Until now that is. David Carruthers, the CEO of the online casino, was arrested when arriving in the US in July, in this context it should also brought up so that people can be reminded that simple factor. Carruthers is now located in St. Louis under house arrest. This is when a person cannot leave his or her house unless it is to make a court appearance or something of that nature. If you are to go somewhere there is normally a time that you should be back home, it all depends on how strict your house arrest is.

BetOnSports has survived, unlike other online casino companies that have altogether collapsed following the ban taking effect in the US, but only by suspending any real money gambling activities from American gamblers. This has caused a shortage of funds and started the whole debts issue rolling. When a situation like this comes up, there are people that are going to lose a bunch of money in order to keep the business going. The Antiguan government helping the online casino out with the issue is a good sign for those who are owed money, naturally, but also for the online casino industry as a whole. It shows that with government backing, preferably via regulation and proper legalization, can help assure everybody walks away satisfied that the game was fair.