Australian gamblers spend big online - but it's risky

Australians are spending around $1 billion annually on illegal offshore gambling sites, yet with few regulations in place they are leaving themselves open to identity fraud, being ripped off or developing gambling problems.

Feds: Full Tilt Poker site was Ponzi scheme

(AP) -- An Internet poker company that was blocked from operating in the U.S. in the spring as part of an online gambling crackdown was "not a legitimate poker company, but a global Ponzi scheme," federal prosecutors said ...

Caesars CEO: Poker indictments present opportunity

(AP) -- Federal indictments targeting the three largest online poker companies present an opportunity for the United States to fully legalize and regulate the $6 billion industry, the chief executive of the world's largest ...

BetOnSports.com founder gets 4-plus years

(AP) -- The founder of the online gambling site BetOnSports.com was sentenced Monday to more than four years in prison, ending a lengthy investigation and prosecution into one of the world's largest offshore sports gambling ...

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