Gambling News by Gambling Headquarters

Rumors of another online gambling company indicted by the US Justice Department have sent shockwaves through an industry still reeling from the takedown of 33 stateside bookies and agents utilizing various offshore gambling components. The stories circulating remain vague at this time, however they have nothing to do with the high profile New York case that came to light on Tuesday. "An attorney for the individual indicted confirmed the story but would not reveal the identity or his/her relationship to a specific company," said a Gambling911.com source. He suggested that more news would become available on Monday but failed to elaborate further. Gambling911.com was the first to report on 33 arrests by the Queens DA office Tuesday. DA Richard A. Brown held a press conference the following day to announce the indictments, considered the biggest case of its kind to date with its focus on transportation of gambling proceeds between New York and Las Vegas. The case scared many industry analysts after authorities announced the first ever indictments of web designers in a case revolving around online gambling. The Bronx-based enterprise offered "credit" betting via a website located on the Caribbean island of St. Maarten. A defendant in another high profile internet gambling case from last year provided authorities with ammunition to go after the Bronx organization, headed up by James Giordano, who resided in both New York and Miami. Giordanno is an accomplished poker player. His Pro5 Sports and BetWithAl.com web gambling companies are alleged to have been fronts for a major money laundering outfit.