World Wide Web giant Google is under scrutiny for its role in a gambling site collapse that brought down several online gambling operators in a matter of weeks.
A U.S. court filing by the company says it lost about $1 billion in gambling revenue to other players and the loss could have caused a ripple effect of similar scale in other gambling sites.
The case, which has been before the U.A.E. International Tribunal for the Law of the Sea, is the latest development in a saga that has rocked the global gambling industry, which was already grappling with a surge in internet gambling fraud in 2016.
The U.K.-based firm operates a number of online gambling businesses, including GoGambling.com, a website for online gaming in which users can bet on real-world sports events.
The site is owned by GoGogo, a company formed by investors in 2014 to run GoGolf.com.
The GoGogos say they have had “significant” losses and that they expect to eventually incur losses of $150 million to $200 million.
In May, the U