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Russia to Close Azov-City Casinos

Russia to Close Azov-City Casinos Three casinos in Azov-City will be turn off by 1, possibly in the hopes of promoting casino expansion in nearby Sochi april. Three Russian casinos are now actually planned to shut by April, as the Russian federal government hopes to bolster gambling enterprises in Sochi by shutting down other facilities and moving focus to the former Olympic host city. Sochi is an entrant that is new Russia’s casino gambling industry, since it was only put into one of the four approved gambling zones last July. The three casinos which will be shutting originate from the Krasnodar Krai area, in the gambling zone known as Azov-City into the west that is far of. The three gambling enterprises (Oracul, Shambala and Nirvana) had seen tremendous growth in the previous few years, attracting about six times as much traffic in 2013 as they did in 2010, once they first started. It’s unclear precisely how warning that is much had associated with closure plans. When Sochi was first authorized being a gambling area last summer, the Royal Time Group (which operates Oracul) said that they did maybe not see the new regulations ‘as a primary indication to the elimination of the existing Azov-City gambling zone.’ Sochi can be located in Krasnodar Krai, however, which would have placed it in direct competition with Azov-City had both been allowed to host casinos. Casino Owners Is Going To Be Compensated for Closures Considering that the casinos will have to close suddenly by April 1, the Russian Ministry of Finance will make efforts to make up the operators for shutting their gambling...

Silk Path Founder Ross Ulbricht Faces Life in Prison After Guilty Verdict

Silk Path Founder Ross Ulbricht Faces Life in Prison After Guilty Verdict Silk Road founder Ross Ulbricht’s luck finally ran out following a jury found the Dark web entrepreneur guilty on seven federal counts, one with a mandatory prison sentence that is 20-year. Silk Road creator Ross Ulbricht is facing life in prison after having a federal jury found him guilty on all seven charges associated with the Dark Net marketplace that specialized in the illegal purchase of everything from heroin to hitmen’s services. Using the supposedly cryptocurrency that is untraceable for its financial transactions, Silk path became the de facto Amazon marketplace for every illicit thing anyone could ever want. Prosecuting attorneys successfully argued the 30-year-old operated the exchange that is underground the pseudonym ‘Dread Pirate Roberts’ to allow internet surfers to offer a wide range of contraband, hacking tutorials, and worse. The jury took just three-and-a-half hours to reach its verdict, with sentencing scheduled for May 15 after three weeks of testimony. Online Gambling Connection US Attorney Preet Bharara, the lead prosecutor within the suit against Ulbricht, is a strong gambling that is anti-online who had been recently considered by President Obama to replace outgoing Attorney General Eric Holder. Bharara is infamous among Internet poker fans for being accountable for ‘Black Friday,’ the Department of Justice’s crackdown and elimination of PokerStars, Full Tilt, and poker that is absolute the United States online gaming market. At that time, he referred to online gambling as a ‘concocted and elaborate criminal fraud scheme,’ with the defendants engaged in ‘massive money laundering and bank fraud.’ Bitcoin Betrayal? Although the President passed...