In light of the recent submission and closing of Bet on Sports due to the pressuring of the U.S. Department of Justice, another U.S. focused online gambling site has decided to cease taking bets from American online casino gamblers.  The Australian gambling company, Betcorp, has decided that in order to best prevent the same fate that was incurred by Costa Rica based Bet on Sports, they should stop processing telephone bets made by U.S. citizens.  Not doing so, could be seen as a direct violation of the Wire Act, resulting in more arrests and legal charges.

Although Betcorp is legally registered through the Caribbean government of Antigua and Barbuda, and lawyers for the online gambling company have informed them they are not violating any laws, the bullying tactics of the U.S. DOJ have raised some warning flags.  Further fueling this stance, the U.S. disregard for a World Trade Organization ruling regarding their recent dispute with Antigua and Barbuda has caused many to doubt what government's can get away with in the online casino gambling industry, especially when their laws are unclear and vague.

Chief Executive Officer of Betcorp, Clive Walker, said the company plans to monitor their online operations while putting more assets in the European betting industry. Despite drops in stock after the news of the arrest of BOS CEO, David Carruthers (who on another note was recently granted a bail agreement awaiting his Cincinnati court date), Walker says he is very optimistic Betcorp will continue to do well in the global online gambling industry. While the company will take somewhat of a hit by not accepting U.S. telephone bets, this will be offset by an increased online migration of casino bets and drop in telecommunication costs.

Betcorp was up on all financial fronts at the closing of July, which is when the U.S. government began its crackdown on casino bets online and the internet gambling industry. In addition to an increase in total gross revenue by 75% and a 146% increase in pre-tax profit, Betcorp also saw an increase in bets online, real-money bettors and an overall customer base increase by a third of what it formerly was - now in excess of 27,300 online bettors.