Gambling News

Spencer Bachus: 60 Minutes Segment a Hit Job

Alabama Republican Congressman and strong advocate for online gambling prohibition, Spencer Bachus, denied he engaged in any form of “insider trading”.  He called a “60 Minutes” segment that suggested otherwise “a hit job”.

Submitted by Aaron Goldstein on, Nov/16/2011

Overnight and Weekend Binary Options Funded By Bitcoin Announced at Digibookie

Wholesale sports and financial bookmaker, Digibookie, announced today that it will be offering overnight binary options on all major financial stocks, commodities, and indices to accounts funded by the hot new digital currency, Bitcoin. Until now, Digibookie has catered exclusively to retail credit bookmakers and binary options brokers across the globe.  The retail investors have embraced the binary options revolution in a big way.

Submitted by Guest on, Nov/16/2011

Bachus Back Against The Wall: "I'm not Going to Let People Distort What I Do.”

While much of the attention on an “insider trading” scandal in the Congress has focused on Alabama Republican Spencer Bachus (perhaps rightfully so), this ardent supporter of online gambling prohibition wasn’t exactly alone in his craftiness.

Both Speaker John Boehner and former Speaker Nancy Pelosi also have egg on their respective faces right now following the airing of a “60 Minutes” piece this past Sunday.

From Investment U:  

Submitted by Jagajeet Chiba on, Nov/16/2011

Cheap Air Flights Canada to Las Vegas – December 2011 (Christmas and New Year’s Included) has your cheap air flights for Canada to Las Vegas and back for December 2011.  These fares are based on Wednesday thru Tuesday travel and subject to change especially as dates near.  These cheap air flights round trip between various cities in Canada and Las Vegas were effective as of November 15, 2011. 

When in Vegas be sure to stay at the South Point Hotel and Casino with $42 weekly rates and $72 weekend rates

Submitted by Payton on, Nov/15/2011

Calls for Spencer Bachus Resignation Following 60 Minutes Insider Trading Report (Video)

He is the most outspoken critic of legalized online gambling while remaining mostly silent on more serious issues like Wall Street insider trading.  Now we might know why he has avoided delving into the later subject.

There is a public outcry for the resignation of Alabama Republican Congressman Spencer Bachus following a 60 Minutes report that aired this past Sunday linking him to the receipt of nonpublic information as a means of gaining an edge in the stock market (a la “insider trading”).

Submitted by Alejandro Botticelli on, Nov/15/2011’s Jenny Woo to Have a Girl: And Her Name Will be….

Senior International Correspondent for, Jenny Woo, has revealed the outcome of her ultrasound.  She’s having a baby girl! had presented readers with odds on various baby names and Ms. Woo has made her selection.

“She’ll be named Jenna after her Mommy,” Woo said. 

“Jenna” is a variation of “Jenny” or “Jennifer”, which was among the favorites.  Other favorites included Christopher/Christine, Doyle, James and Sparky.

Submitted by Payton on, Nov/14/2011

Bettors Will Miss Joe Paterno, In Bowls he was $$$ in the Bank

Say what you want about disgraced fired former Penn State head coach Joe Paterno--gamblers loved him!

Especially when it came to bowl season.

JoePa and the Nittany Lions football team in a post-season game was the closest thing to money in the bank for many a sports bettor for many a year.

So successful in fact was Paterno in bowl games that there was a maxim in college football circles that went: "Give Joe Paterno two weeks to prepare and he can beat anyone."

Submitted by Thomas Somach on, Nov/14/2011

The Lefty Rosenthal Watch is Being Auctioned Off

If they could auction off John Lennon’s rotten tooth, why not Lefty Rosenthal’s gold watch?  The current bid on the watch was just over $4000 with the starting bid actually set at $1.

Submitted by Aaron Goldstein on, Nov/10/2011

Betfair Poaches Paddy Power Second-in-Command

The world’s largest betting exchange announced Thursday it has hired away Breon Corcoran from rival Paddy Power to become its new CEO.  Corcoran replaces David Yu.

The Financial Times of London reported that Corcoran’s Paddy Power contract was understood to have had a six-month notice period, with a non-compete clause for two-and-a-half months.  As such, Corcoran is said to be on “gardening leave” until August. 

Submitted by Aaron Goldstein on, Nov/10/2011

What if the NFL, DOJ Back Down Concerning New Jersey Sports Betting

As was among the first to report, on Tuesday voters in New Jersey overwhelmingly voted for a referendum favoring sports betting in the state by a margin of 65 percent to 35 percent.

If you were thinking about betting on some College Football games this weekend in Atlantic City, that won’t happen.

Submitted by C Costigan on, Nov/09/2011

New Jersey Elections Will Have Impact as Sports Betting on Way to Becoming Legal

History was made in New Jersey on Election Day, November 9, 2011 as voters overwhelmingly cast their ballots in favor of legalized sports betting in the Garden State.

Submitted by C Costigan on, Nov/09/2011

Breaking News: New Jersey Sports Betting Referendum Passes by Whopping 65 Percent

A Election Day referendum to allow sports betting in the state of New Jersey has passed by a two to one margin, can report late Tuesday.

The results will pave way for legalized sports wagering in Atlantic City and at state racetracks, boosting the local and state economy.

New Jersey would become only the second state in the US to allow legalized sports betting. 

Submitted by C Costigan on, Nov/08/2011

Sports Betting Referendum in New Jersey Could be on its Way to Approval

There’s early indications that the statewide referendum on sports betting is on its way to approval.

William J. Pascrell III, campaign director for Vote YES on Sports Wagering and a partner at Princeton Public Affairs Group Inc., said, “At this stage so far, the absentee (vote by mail) ballots we’ve been monitoring in northern New Jersey are running 2-to-1 for approval.’’

Submitted by Guest on, Nov/08/2011

Election Day in New Jersey 2011: The Economy and Sports Betting

Chances are most of the 55 percent of New Jersey registered voters who realize Election Day is tomorrow (November 8) will cast their votes based on economic concerns and which of the 120 state representatives, if any, can actually provide some glimmer of hope to revitalize a stagnant state economy.

Ironically, one of the referendums on the November 8 ballot could actually help boost the state’s ailing economy without the assistance of any elected officials.

It’s legalized sports betting in Atlantic City!

Submitted by C Costigan on, Nov/07/2011

Bettors Find Loophole in Delaware Sports Betting Rules

Who says you can't make a single-game NFL bet in Delaware?

You actually can.

And many are.

Technically, you can't walk up to the windows of Delaware's three racetracks that offer NFL betting and bet on a lone NFL game.

You can't even bet a two-game parlay.

Under state law, the minimum number of NFL games you must bet at once is three.

In other words, you must bet a three-game parlay, and you have to win all three games in the parlay to win money.

Submitted by Thomas Somach on, Nov/07/2011

Several Big Name Denver Businesses, Individuals Tied to Sports Betting Bust

Charlie Brown’s Bar and Grill maintained a $290,000 limit account there while Sports Column and Blake Street Tavern also placed their bets with what the Colorado Bureau of Investigation is calling the biggest bookmaking operation in the state.

Daniel Dinner and Michael Elick were arrested after investigators seized more than $1 million in cash from their homes in July.  Now court documents have revealed some of their alleged big name clients.

Submitted by Jagajeet Chiba on, Nov/06/2011

Clown Robs Chilean Casino at Gunpoint

A man dressed as a clown robbed the Casino Monticello in the Chilean capital of Santiago at gunpoint Halloween night stealing $12,000 in cash.

Most of the money was snatched from a single patron.  The clown entered through a side door, shooting his pistol several times into the air. 

Police believe this was an “inside job’, detaining one of the casino security guards, Cristian Poblete. 

The robbery occurred around 5 am. 

Submitted by Jagajeet Chiba on, Nov/03/2011

Bernie Madoff and Ken “The Shrink” Weitzner: Birds of a Feather

American TV show "60 Minutes" ran a segment on convicted ponzi schemer Bernie Madoff on Sunday, and revealed how he and his wife unsuccessfully tried to commit suicide after he was exposed as a con man and arrested.

The story had an eerie similarity to the tale of Ken "The Shrink" Weitzner, the sleazy Internet entrepreneur who created a pair of websites devoted to gambling and who took his own life last year.

Many of the details of both men's controversial lives are coincidentally alike.

Such as:

Submitted by Thomas Somach on, Nov/02/2011

Chris Christie Finally Backs Sports Betting in New Jersey: Voters Get Their Ballots

After initially supporting sports betting in the state then seemingly backing down, New Jersey Governor Chris Christie came forward Wednesday to offer his full support for the referendum appearing on next week’s ballot.

As reported earlier in the day, a number of state residents have been notifying us of the referendum appearing on the ballot that would allow NJ voters to get sports betting legalized in the state.

According to recent polls, voters overwhelmingly support legalized sports wagering in the state. 

Submitted by C Costigan on, Nov/02/2011

Sports Betting on New Jersey Election Ballot

A number of people from the state of New Jersey have advised they were excited to see legalized sports betting on the ballot for next week’s elections in that state. 

The Waltonian’s Raechel Jones notes that each voter will be given the option to either vote for or against this referendum. If the majority favors this referendum, the process towards making sports betting legal in Atlantic City will begin.

Submitted by C Costigan on, Nov/02/2011

888 Holdings Sees Record Quarterly Rise

Publicly traded 888 Holdings, which runs the 4th biggest online poker room in the world, has reported a record quarterly high.

888 climbed as much as 5.3 percent, the most since August 30, before trading 2.3 percent higher at 33.75 pence as of 9:10 a.m. in London, according to Bloomberg News Tuesday. This gives the Gibraltar-based company a market value of 117.1 million pounds ($187 million).

Submitted by Aaron Goldstein on, Nov/01/2011

Billionaires Bet on Internet Gambling: Say it Will be a Marathon, Not a Sprint featured a piece Monday on how billionaires are looking to back the likelihood of Internet gambling getting regulated in the United States.

The likes of Steven Roth, chairman of Vornado Realty Trust, and shopping mall magnate Herbert Simon, the owner of the Indiana Pacers, have invested in a firm that provides software and advertising services to potential online gambling licensees in the US, including the Vegas casinos. 

Submitted by C Costigan on, Oct/31/2011

Germany Liberalises Sports Betting Market: Still Banning Online Poker Games

15 Prime Ministers in Germany overwhelmingly approved a measure that will liberalise the gaming market in that nation.  Most advantageous to betting shop businesses will be the concession fee reduced from 17 to 5 percent. 

Still, Germany will not concede when it comes to restricting licensed operators to 20 while continuing to ban online poker and casino games. 

JAXX SE, a financial holding company with holdings in international companies in the gaming industry, believes the German restrictions will not fly with the European Commission. 

Submitted by Aaron Goldstein on, Oct/28/2011

“Shrink” Book Can’t Find Publisher Stepson Tells Gambling911

A controversial biography on the life and times of late gambler and Internet entrepreneur Ken "The Shrink" Weitzner continues to be written by Weitzner's step-son, Jerry Lee Donahue, but the project has hit a snag, Donahue tells in an exclusive interview.

The problem?

A year into the project, the author still hasn't found a publisher to publish the book.

Submitted by Thomas Somach on, Oct/27/2011

Fertitta Interactive Positioning Itself for Legalized Internet Poker

Fertitta Interactive, owned by brothers Frank Fertitta III and Lorenzo Fertitta, announced the purchase of California online gambling company CyberArts Licensing LLC Wednesday. 

The brothers, who also own Stations Casinos and the Ultimate Fighting Championship (UFC), are hoping to get a jump start should the US legalize online gambling, specifically Internet poker. 

Submitted by C Costigan on, Oct/26/2011

Clive Archer Has Left The Building

BetOnline, the fastest growing sportsbook in the US, today announced the departure of Clive Archer.  During his tenure within the organization, Clive held various roles including Director of Business Development and Chief Executive Officer.  The parting was by mutual agreement.        

“Clive very successfully helped us re-position the organization for growth and brought many in the industry to the BetOnline table,” said a BetOnline spokesperson. “We wish him only the best with all future endeavors.” 

Submitted by C Costigan on, Oct/26/2011

William Hill Shares Up: Claims Business Back to Normal

William Hill claimed operations were “back to normal” on Tuesday following a highly publicized walkout of its entire online staff based out of Tel Aviv, Israel, last week. 

Following a drastic drop in the company’s share price and one analyst even issuing an advisory, Will Hill saw a slight increase of 0.26 percent at GBP2.285 valuing the company at GBP1.6 billion.

Its staff in Tel Aviv and two satellite offices in Manila and Bulgaria walked out following reports they would be relocated to the company’s Gibraltar headquarters.

Submitted by Aaron Goldstein on, Oct/25/2011

Schweddy Balls a Hard Find in Vegas

Those living in Las Vegas will be hard pressed to find their favorite Ben & Jerry’s flavor ice cream, Schweddy Balls.

Named after the Alec Baldwin character, Pete Schweddy, on a classic "SNL" sketch, a number of Vegas-based grocery stores have refused to carry the ice cream flavor, claiming it might be offensive to some customers. 

Submitted by Jagajeet Chiba on, Oct/24/2011

Tel A-Heave Ho: Fish Feeder, Rabbi, Hairdresser on Books at William Hill Tel Aviv Office

The turmoil continues at William Hill following a mass exodus of employees in its Affiliates United Tel Aviv-based online support centre last week.  The company revealed on Monday that it had canned three of its managers based out of Israel. 

The support centre is 79 percent owned by Hill and 21 percent owned by its software provider, Playtech. 

Submitted by Aaron Goldstein on, Oct/24/2011

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Professional Golfer John Daly Living to 50 Will Pay Out $150K as Part of Bet

Fuzzy Zoehler wrongly bet that John Daly would not make it to the age of 50.  The professional golfer celebrated his 50th birthday on Thursday.