Tuesday, April 19, 2011, 3:10 PM

Black Friday For Online Poker?

American Lawyer reports that federal prosectures have inducted 11 people linked to some of the world's largest Web-based poker operations, such as PokerStars, Full Tilt Poker, and Absolute Poker. Forbes reports that the online poker industry generated $30 billion in betting per year with $1.4 billion in revenue.

The crackdown on online poker began when Congress enacted the Unlawful Internet Gambling Enforcement Act in 2006. And in 2009, federal prosecutors in New York seized $34 million in bank accounts associated with popular online poker sites.

Although this blog focuses on antitrust and distribution law, we have occassionally reported on these developments in the online poker industry. For more information about Womble Carlyle's Gaming Law Team, click here.


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