House-Less US Online Site Will Tempt Illegal Gambling
By Earl
Scott Van Voorhis and Doug Levy report in the Boston Herald newspaper that an online gaming company here is offering a direct bettor-to-better wagering system for World Cup soccer matches, that bypasses the need for a “house” or gambling venue., owned by Grand Virtual, Inc., will let bettors bet directly against each other on events of their choice.

For will not limit itself to offering betting on soccer matches, of course. The operators plan to offer bettors the chance to bet against one another on the upcoming Tyson-Lewis fight, and on other boxing matches as well. But as online gambling is illegal still in most U.S. states, Grand Virtual expects it’s multimillion-dollar increase in revenue to come from markets in the UK, among other gambling hotspots around the world.

The online bettor-to-bettor enterprise is not by itself supposed to generate huge profits, but the company is betting on its ability to promote through the wagering system its many software gambling related products and other services. Grand Virtual, positioned on the American shore, will be able to take advantage of new markets that will develop anywhere Internet gambling becomes legal in the United States.

The company claims it will “make every effort” to stop U.S. gamblers using the system from places where it is illegal to gamble, but its screening system, which allows gamblers to log on from any location, raises doubts about the success of that promise.

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