Calvin Ayre

The U.S. government recently seized $24 million from bank accounts linked to Bodog, the giant, illegal-under-U.S.-law Internet gaming operation founded by Canadian tycoon Calvin Ayre. Federal filings make very clear that a serious criminal investigation of the Bodog enterprise is ongoing. At a minimum, word of the seizures is likely to rattle the confidence of U.S.-based online gamblers that they will receive their winnings, not only from Bodog but from the industry's other remaining participants. Detailed in court filings in a Baltimore federal court, the Bodog-related seizures from such well-known institutions as Wachovia (nyse: WB - news - people ), Bank of America (nyse: ... Read Full Story

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Calvin Ayre Announces He Is To Leave Bodog The founder of Bodog Entertainment Group, Calvin Ayre, has announced that he is walking away from the company in order to focus on charitable works through the Calvin Ayre Foundation. The 47-year-old Canadian made the announcement earlier this week on his blog at CalvinAyreLife.com after reportedly not being involved in day-to-day operations for the Antigua-based online gambling operator for several years. Read More? Youths prefer Web betting Young adults - a key growth sector for Canada’s gambling industry - are very interested in such “technology driven” options as online gambling, which is not yet legal in ... Read Full Story

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