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Most Recent Online Casino News
Web Online Casino Buys Monkey Name
Providing proof
that Internet casinos have more cash than they know how to spend, online
gambling site GoldenPalace.com announced on Wednesday that it paid
$650,000 for the rights to name a new species of monkey.
The
“GoldenPalace.com Monkey” will even have a formal name of Callicebus
aureipalatii, Latin for Golden Palace.
Though the U.S.
government says it is illegal for online casinos to take bets in the
United States, offshore companies continue to make boatloads of cash.
More than 2,000 gambling web sites are estimated to pull in $10 billion
in revenue, mostly from U.S. consumers, according to Christian Capital
Advisors.
GoldenPalace.com
has been going on a buying spree over the past year. The latest
publicity stunt follows the company’s affinity for eBay purchases,
including $28,000 for a partially eaten grilled cheese resembling the
Virgin Mary, and $12,000 for the right to name one of a Virginian
woman’s soon-to-be-born triplets.
The company’s
purchase follows last week’s ruling by the WTO
in the case of the U.S. vs. Antigua-based online casino Matchbook.com.
The WTO ruled that
the U.S. had the right to bar offshore casinos from taking bets from
Americans in the U.S. because of the potential for organized crime
involvement and the likelihood of the transactions becoming an avenue
for money laundering.
Read the
entire article at:
Red Herring
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