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FBI Unable to Tap Phone Calls of Gambler Billy Walters as Part of SEC Probe

FBI Unable to Tap Phone Calls of Gambler Billy Walters as Part of SEC Probe
The Federal Bureau of Investigation (FBI) will be unable to use electronic surveillance in its investigation into golf pro Phil Mickelson and professional sports gambler Billy Walters.

Ex-Bayern Chief Begins Three-and-a-Half Year Prison Term: Gambled on Markets

Ex-Bayern Chief Begins Three-and-a-Half Year Prison Term: Gambled on Markets
The former Bayern FC boos Uli Hoeness began serving his three-and-a-half year prison sentence for evading $28.5 million euros in taxes. 

Election Betting in Nevada Opposed by Governor Sandoval

Election Betting in Nevada Opposed by Governor Sandoval
Gov. Brian Sandoval has come out against a proposal to make Nevada the first state to permit betting on federal elections.

Mickleson Says He Did Nothing Wrong: Cooperating in Probe Involving Billy Walters

Mickleson Says He Did Nothing Wrong:  Cooperating in Probe Involving Billy Walte
Hall of Fame Golf pro Phil Mickelson confirmed to the Associated Press that FBI agents approached him at the Memorial Tournament in regard to an insider trading probe. 

FBI, SEC Probe Into Big Time Gambler Billy Walters, Carl Icahn, Phil Mickelson

FBI, SEC Probe Into Big Time Gambler Billy Walters, Carl Icahn, Phil Mickelson
The FBI and the Securities and Exchange Commission are investigating possible insider trading involving billionaire investor Carl Icahn, golfer Phil Mickelson and Las Vegas gambler William Walters

Atlantic Club Casino Purchased by Florida Company TJM

Atlantic Club Casino Purchased by Florida Company TJM
A Florida company bought the former Atlantic Club Casino Hotel on Thursday, and plans to operate it as a non-gambling facility.

Facebook Will No Longer Offer Real Money Bingo, Slots Friendzy App

Facebook Will No Longer Offer Real Money Bingo, Slots Friendzy App
London-based operator Gamesys has informed its players that Bingo & Slots Friendzy will no longer be available on the social network according to eGaming Review Magazine.

Macau Scraps Bill on Big Payouts Following Record Protests

Macau Scraps Bill on Big Payouts Following Record Protests
The top official in Macau, the world's gambling capital, said on Thursday a bill providing lavish perks for senior civil servants would be withdrawn days after the largest protest....

John Daly Had Fun Losing $55 Million Gambling

John Daly Had Fun Losing $55 Million Gambling
Appearing on “Depth With Graham Bensinger” this week, American professional golfer John Daly admitted he blew around $55 million gambling after a review of his tax records

Man Serving Time for Property Fraud Indicted for Running Sportsbook

Man Serving Time for Property Fraud Indicted for Running Sportsbook
A Minnesota man currently serving a four year prison sentence for property fraud  has been charged with running an online sportsbook with servers based in Costa  Rica.

Massachusetts to Award First Casino License, Nevada Casino Revenue Flat in April

Massachusetts to Award First Casino License, Nevada Casino Revenue Flat in April
State gambling regulators say they'll begin the final, four-day long deliberation on awarding Massachusetts' first Las Vegas-style casino license on June 10.

Churchill Downs, Showboat Hotel Online Gambling Lawsuit Moved to NJ Court

Churchill Downs, Showboat Hotel Online Gambling Lawsuit Moved to NJ Court
As if things couldn’t get any worse in the Garden State for its new online gambling industry, Churchill Downs and Atlantic City’s famed Showboat Hotel and Casino are embroiled in a lawsuit over a vendor agreement.

Philadelphia Mobster Heading to Prison for Role in Illegal Gambling Business

Philadelphia Mobster Heading to Prison for Role in Illegal Gambling Business
A man who authorities say worked for the Philadelphia mob is heading to prison for his role in an illicit video poker operation.

Waddell & Reed Buys 16.96 Million Las Vegas Sands Shares

Waddell & Reed Buys 16.96 Million Las Vegas Sands Shares
U.S. fund manager Waddell & Reed Financial Inc said Wednesday it raised $1.38 billion by selling its remaining stake in Macau-based Sands China Ltd....

Supreme Court Says Mich. Can't Block Indian Casino

Supreme Court Says Mich. Can't Block Indian Casino
A divided Supreme Court ruled Tuesday that Michigan can't block the opening of an off-reservation American Indian casino because the state's legal challenge is barred by tribal sovereign immunity.

Bitcoin-Only Casino Generates Over $1.4 Mil in Turnover in its First 3 Months

Bitcoin-Only Casino Generates Over $1.4 Mil in Turnover in its First 3 Months
BitCasino.io, the first ever licensed bitcoin-only casino has grown to a player base of 7,000 users betting over 3,000 BTC (~$1,400,000) since February 2014.

Amaya Gaming Looks to Calm PokerStars Acquisition Rumors

Amaya Gaming Looks to Calm PokerStars Acquisition Rumors
Amaya Gaming’s share price rose 5% on rumors that it was in pursuit of a possible acquisition.  The main target appears to be the world’s largest online poker room, PokerStars.

Slump in Online Gambling Adds to Christie’s Budget Woes

Slump in Online Gambling Adds to Christie’s Budget Woes
New Jersey has failed to meet its early expectations when it comes to their newly rolled out Internet gambling sector......

Hard Rock Casino Ban of Ben Affleck Could Prove to be Big Mistake

Hard Rock Casino Ban of Ben Affleck Could Prove to be Big Mistake
Professional gambler and Pittsburgh Gazette columnist Mark Gruetze believes that the Las Vegas Hard Rock Casino’s recent decision to ban Hollywood actor Ben Affleck from playing blackjack may backfire.

Gulfstream Park's Rainbow Pick Six Pays Out $6.7 Million

Gulfstream Park's Rainbow Pick Six Pays Out $6.7 Million
Gulfstream Park got its Rainbow 6 record, a day early. The track says only one player correctly picked all six winners needed to cash the bet on Sunday...

888.com CEO on Internet Gambling in NJ: ‘We Are Absolutely Shocked by Slowness'

888.com CEO on Internet Gambling in NJ: ‘We Are Absolutely Shocked by Slowness'
Brian Mattingley, CEO of London- based 888, said in a telephone interview with Bloomberg News this weekend, “We are absolutely shocked by the slowness of the (New Jersey online gambling) market.”

Racketeering Law Does Not Cover Online Gambling Losses in Arizona

Racketeering Law Does Not Cover Online Gambling Losses in Arizona
A state court decision says people who voluntarily engage in online gambling can't use Arizona's anti-racketeering law to sue websites' operators to recover gambling losses.

American Gaming Association Drops Support for Online Gambling in US

American Gaming Association Drops Support for Online Gambling in US
American Gaming Association chief executive Geoff Freeman says his organization will no longer support legalization of online gambling in the US

Sheldon Adelson Insists He is Not Retiring: Right Hand to Step Down

Sheldon Adelson Insists He is Not Retiring: Right Hand to Step Down
80-year-old Las Vegas Sands Corp CEO Sheldon Adelson has dispelled rumors that he will be retiring any time soon following in the steps of 76-year-old President and COO Michael A. Leven....

Online Bet Startup Costs Shrink AC Casino Earnings

Online Bet Startup Costs Shrink AC Casino Earnings
Startup costs associated with Internet gambling, and the closure of one casino in January lowered Atlantic City's casino earnings by 8.4 percent in the first quarter of this year
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