5dimes Website

5Dimes and the U.S. Department of Justice reached a $46.8 million settlement of an investigation into illegal US sports betting operations, as well as money laundering and wire fraud.

The website currently under discussion is 5Dimes. It is not a new site, as it was launched in November 1996, just one year after internet became publicly available. Unlike some of its competitors, such as Pinnacle and Sportingbet, the website is not licensed in the developed world. About 5Dimes Sportsbook and Casino Founded in 1996 and headquartered in Costa Rica, 5Dimes is one of the oldest online sportsbooks and casinos out there. With over 20 years of experience under their belt, 5Dimes has developed a stellar reputation in the industry. 5Dimes has one of the best records of payouts among all USA-facing gaming sites. Their website is crude and they don't market as much as their competitors, but the extremely easy payouts are a huge reason they're popular with experienced players. Personally, I've received every Bitcoin payout from 5Dimes within 24 hours of being requested. In a statement dated Wednesday, Sept. Department of Justice announced that it has reached an agreement to resolve the ongoing criminal case against offshore online bookmaker 5Dimes.As part of the settlement agreement, assets worth more than $46.8 million will be handed over to the authorities. 5Dimes is a Costa Rica-based online sportsbook, casino, and poker provider that, until.

The company announced an intent to enter the US sports betting market following the deal, although state regulators likely will balk at the long list of criminal activity detailed in the settlement.

5D Holdings and owner Laura Varela will forfeit the illegally obtained gambling proceeds as part of a settlement with the US Attorney’s OfficeEastern District of Pennsylvania into the criminal investigation of 5Dimes’ offshore operations in Costa Rica.

“Beginning in at least 2011, 5Dimes accepted wagers from and made payouts to U.S. bettors, and transferred more than $46.8 million in proceeds earned from its illegal gambling activities in such a manner as to attempt to hide the nature, location, source, and control of the funds.”

5Dimes already incorporated 5D Americas LLC in Delaware. The agreement allows Varela the “use of her assets or the assets of the 5Dimes brand to explore future options, including, but not limited to, re-constituting the 5Dimes brand to be licensed to conduct legal, regulated gaming activities in the U.S. and internationally.”

Why is 5Dimes settling?

Varela is the widow of Sean “Tony” Creighton, who was found dead in Costa Rica after he was kidnapped and murdered in Sept. 2018. She’s a Costa Rican citizen.

The $46.8 million was traceable to transactions that violated multiple sections of Title 18 of the United States Code. The settlement agreement includes the fact that 5Dimes “acknowledged that those funds are the proceeds of various unlawful gambling-related offenses.”

Those include:

• Wire fraud
• Money laundering
• Illegal transmission of gambling information

Not all cash

That $46.8 million seized wasn’t totally liquid as Creighton attempted to launder the funds multiple ways, according to the settlement.

The Department of Homeland Security Investigations seized $3.4 million in cash and other assets like a 1948 George Mikan rookie card he bought for more than $400,000 and $715,000 in rare coins.

In total, the assets forfeited were worth more than $26 million. Varela also agreed to forfeit $2 million seized by Costa Rican authorities and pay an additional $15 million.

Offshore betting seen as illegal by feds

The settlement and preceding investigation strike a blow to those sympathetic to the legality of the offshore industry within the United States. The federal government began investigating 5Dimes’ illegal acceptance of US-based bets years ago and imposed a massive fine for the company to avoid charges.

While the company paints the settlement as its pass to seek state-level licensure, the underlying agreement submarines the opinion of many who paint offshore operations as legal under US law.

The admission of ongoing violations of US law dating back at least a decade will make for a heavy discussion topic for state regulators.

What’s next for 5Dimes?

The next step will be trying to get 5Dimes licensed in New Jersey, Varela’s attorney Jeff Ifrah told the Wall Street Journal.

Varela will also have the support of the US Attorney’s Office throughout the process. It will “answer inquiries made by gaming regulators, potential investors, and/or financial institutions regarding her cooperation in EDPA’s investigation and lack of involvement in the operations of 5Dimes,” according to the settlement agreement.

That means whether Varela gives it a go with the brand or decides to sell, she’ll get the help of the authorities she aided throughout the investigation.

How gambling regulators will treat 5Dimes will be an interesting case study. Literally days ago it was still taking wagers from Americans illegally. And we know that the site has been sending at least some bettors to a site that runs with the same backend and lines.

Is 5dimes Legit

PROS

• Live dealer casino
• Over 200 table games and slots
• Fast Withdrawals

5Dimes has been in operation for 20 years since its establishment in 1996. Originally an online sportsbook, it has evolved to become a top online casino well-known for reliable payouts and fast withdrawals. Licensed and operated from Costa Rica, 5Dimes has no restrictions on accepting members from any country in the world, and as it accepts bitcoin currency it is possible to play here completely anonymously.

Along with a range of unique slots, the website also provides a live dealer casino, an instant-play mobile version which you can visit from any mobile or tablet web browser, and an industry-leading sportsbook with some of the best odds around.

Unique Slots

The site is based on Real Time Gaming and Visionary iGaming software, and these two platforms offer some of the best slots and casino games you can find on the internet. Some of the Real Time Gaming classics include Derby Dollars, Aladdin’s Wishes, and Aztec’s Millions, while there are a host of unique 3-reel, 5-reel and video slot machines ready to try.

The live dealer games are streamed directly from Visionary’s studios in Costa Rica, and games include Roulette, Blackjack, Baccarat, Punto Banco, and various forms of casino poker. Other table games offered include Pai Gow Poker, the popular 3-Card Poker, Sicbo, Caribbean Hold’em and even Vegas Three Card Rummy, so there is definitely something for everyone.

5 Dimes Uk

New players are entitled to a matched deposit bonus up to $250 when opening an account too, which gives you plenty of reasons to get involved at 5Dimes.

Other Betting Services

5Dimes started out as a sportsbook for US customers, and they remain very strong on US Sports such as American Football and Baseball. However, it is much more of a global site these days and you can find markets for just about any sport anywhere in the world, including betting on local Football leagues and Horse Racing.

The sportsbook offers many excellent features which make it stand out from the crowd, with recent comparisons showing that 95% of the time it has the best odds available anywhere on the internet. It also offers some great innovations such as ‘rolling bets’. This means that if you have open bets but your account balance is zero, you can still place wagers in advance so that if the initial bet lands, the money will ‘roll’ onto the next bet without requiring you to top up your balance.

Strong Security

Security is something 5Dimes has always taken seriously with its roots being in providing a service for the American market, where online betting is illegal. Customer accounts and data are protected by industry standard encryption technology, and all games are monitored using Random Number Generating (RNG) technology.

5dimes Log In

In many of our regions countries it is not just the website security that is important, but also our personal security and we have detailed guides to the gambling laws and regulations in each country on this website. It is common for players here to use a VPN service to reroute their internet connection to hide their browsing activity from Internet Service Providers (ISP’s), and we thoroughly recommend using one of those services.

Customer service at 5Dimes has sometimes had a bad reputation in the past, but we are glad to report that it is improving, and we’ve found no significant issues in our dealings with them.

Fast Money Transfers

One of the best points about this casino is the speed at which they pay out your winnings, with the majority of withdrawals processed on the same day. When using an e-wallet or bitcoin to bet with, this usually means your funds are released within 24 hours, and in many cases much faster.

As you will know if you’ve read through the guides on this website, we recommend the use of Neteller, Paysafecard or Webmoney to make deposits to betting sites as they are private and discreet, though these are not currently available at the site. Instead, 5Dimes offers withdrawals by cashier check, bank wire, money order and p2p transfer. They accept bitcoin cashouts as well and that adds another layer of security if secrecy is paramount to you. Bitcoin is a virtual currency which can be used to pay for goods and services online, including depositing to gambling sites. It is incredibly secure and completely anonymous – all that is required is an email address – so it enables you to play without anyone knowing your identity.

Find out more about each of these payment methods in our guides to betting regulations and payment methods for each individual country.

5dimes Official Website

Final Comments

5dimes Website

We’re very keen on 5Dimes because it has all the ingredients that we look for in a top casino. There’s a good range of slots and table games, a live dealer casino, plenty of secure payment options including bitcoin, and some innovative betting markets. If there is a downside it’s that no local languages are supported, but 5Dimes is certainly up there among our favourites.