The United States government has become $48.23 million richer after Ross Ulbricht let go of his claims from the sale of Bitcoins in the now-defunct marketplace Silk Road which he created. 

In a court order last Sept. 29, U.S. District Judge Katherine Forrest announced that Ulbricht has withdrawn his claims to the Bitcoins. His withdrawal would mean that the proceeds of the sale will be forfeited to the U.S. government.

Ulbricht ran the website under the name Dread Pirate Roberts from 2011 until 2013, when he was caught red-handed by a law enforcement sting in a San Francisco coffee shop. He was found guilty by the Manhattan jury on seven charges, including drug trafficking, money laundering and a whole host of other cyber crimes. 

While certainly the $48 million is not a drop in the bucket, Ulbrecht still have to produce more money as he was ordered by the Court to forfeit $183 million. The forfeited amount, "shall constitute full and complete satisfaction of the United States’ claims in this Action against Ulbricht, and for any and all other civil claims that could have been brought against Ulbricht in relation to the facts alleged in the Complaint,” according to the court order.

Ulbrecht's illegal means to procure Bitcoin  serves a precautionary tale to everyone. People should engage in legitimate platforms to buy, sell, and transfer Bitcoin or else face a lifetime in jail. 

Becky Liggero is back to bring us the highlights of Day 2 of the Global Gaming Expo (G2E) 2017 straight from the Sands Expo in Las Vegas.

Landing International Development Ltd said that punters from nearby markets will buffer the downturn of Chinese tourists going to its Jeju Island property.

The government of Trinidad and Tobago has proposed a new 10% tax on players’ lottery winnings that was met with opposition from gaming operators.

Playtech said that the completion of ACM’s acquisition will pave the way for the creation of its new TradeTech Alpha brand.

On March 21, 2003, a 25-year-old software engineer from Los Angeles, who wanted to remain anonymous, hit the city’s largest slot jackpot after playing $100 on a Megabucks machine at Excalibur. He pocketed $39,710,826.36.

To foster a work environment where innovation would thrive, you need to deploy a small team that will drive innovative behaviors within the organization.

The organizers of the Ukrainian Gaming Summit have released the Official Agenda for the event which will take place at the Hyatt Regency Kiev on the 17th of November. 

Congratulations to Joseph Gotlieb for winning the World Series of Poker Circuit (WSOPC) $1,675 buy-in Main Event held at the Seminole Hard Rock, Hollywood, Florida. The chess prodigy and math wizard beat 904 entrants to win the top prize of $257,638.