Posted Wednesday, May 31st, 2006, at 12:23 pm Eastern by Mark Wallace

PlayNoEvil notices that a company called Wager Island has leased a virtual island for $320,000 where online gambling will be the order of the day, according to a press release. It’ll be interesting to see whether avatarization draws more people into the already vast market for online gambling. The most intriguing element of the venture, though, is that “players can opt to become involved in the island’s political structure which include 6 party factions that influence law and regulations on the island. A Wager Island virtual media network also allows players to stay abreast of current events to make better informed wagers.” That’s a strange combination, if you ask me.


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