Online Casinos, Gambling, Poker and Sports Betting Magazine

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13 Plead Guilty of Illegal Betting Ring

24/12/2008
13 people including two ring leaders have pleaded guilty to taking part in underground sports betting in Atlantic City.

There are 24 originally accused in the book making ring that took $60 million in 20 months on bets on basketball and football.

The ring leaders, Jack Buscemi, and Andrew Micali pleaded guilty last week and are expected to serve at least 5 years in prison. State police spied on the ring since March 2006 before shutting them down in November 2007.

The economic downturn is taking its hold on Atlantic City and gambling revenue has fallen by 6.7% as consumers struggle with loans, job losses and lack of credit.
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