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COMMENTWe already have plenty of information from Vegas and offshore books about what one kind of crowd thinks: the kind that bets.
After a stormy hearing at the Commons public accounts committee, the company allowed the NAO access to its offshore books to see the effect of the loss of tax revenue to the government.
The brothers viewed this as embarrassingly low-ball and took the unusual step of opening up their offshore books (their main company CPC Group is registered in Guernsey), which resulted in their estimated fortune jumping to £330m in 2009.
The first hard evidence that offshore betting would not be tolerated by the feds came in 1997, when Jay Cohen, the outspoken founder of World Sports Exchange (wsex.com), one of the first offshore books, was charged along with 19 other bookmakers for violating the Wire Act.
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"They're not going to stop the offshore sports books," Mr. Walker said.
On DonBest.com, many of the prominent offshore sports books, including Cascade, show their lines in real time.
Casinos have losThosee only once on the Super Bowhothe last 10 years, in 2008 when bettors gambled $92 million and casinos lost $2.57 million as the Giants beat New England, 17-14.
The Valens Offshore Fund booked the cost of its PetroAlgae stake at $23.4 million as of Dec. 31 and was carrying it on its books at $90 million.
A spectacular recent example is of the former owner of Aces Gold Casino, which until last year was a well-regarded offshore sports book in Curaçao.
The most significant difference between pay-per-head sites and offshore online sports books — which have been targets of federal law enforcement in recent years — is that pay-per-head sites do not handle any betting money; they simply offer the players a place to record their bets and the bookies a register for organizing them.
An act of masturbation kept that book offshore.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com