Online Gambling Disaster Avoided in Midst of Stanford Bank Debacle - Gambling911.com

[I Heart Gambling Online]

Unscrupulous payment processors, stringent new U.S. banking laws and one man's religious position related to gambling may have been enough to avert a catastrophe in the online gambling sector.

The industry it seems has learned from past mistakes not to keep all its eggs in one basket, a good thing considering Antigua's largest bank may be on the verge of folding. Assets are now frozen in Stanford International Bank following an FBI investigation.

Antigua has long been the banking epicenter for the online gambling industry.

"Had everyone been banking at Stanford International we would be talking about a massive crisis the likes of which this industry has never witnessed," expressed Jagajeet Chiba, Chief Business Correspondent for the Gambling911.com website.

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