More
online gambling ventures have been taken over by stronger firms this past week.
It was announced earlier in the week that 5Dimes.com had taken over the
Sportbet/Island group of online betting shops, which had been looking for a buyer over the past number of years.
SportsBet was among the first online
sportsbooks to set up in the Central American nation of Costa Rica. 5Dimes is located in the same building.
The former owner of GamblersPalace outlined to the Off Shore Gambling Association how hard it is for a small book to make it these days. "Between fraud, smaller margins and the downturn in the U.S. economy, it's nearly impossible to make it on your own, unless you're the size of
BookMaker ." He went on to add that GamblersPalace customers have for the most part been very happy with the change.