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”.

The segment aired on Sunday.  The reporting was based on a book by conservative author Peter Schweizer called “Throw Them All Out.” Rep. Spencer Bachus (R-AL), the chairman of the House Financial Services Committee, was alleged to have traded stocks after he was told by Treasury officials in September of 2008 of the impending financial meltdown.

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

Muny: November 16 Senate Committee Hearing Excellent for Poker Community

Richard Muny, a Regional Director of the Poker Players Alliance, noted that Thursday’s Senate Committee meeting regarding legalization of Internet poker was a giant step in the process, and perhaps one that came unexpected. 

He noted on the Pokerati.com website

Submitted by C Costigan 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

Bodog Online Gambling “Great for Kids” Says Jimmy Kimmel (Video)

Appearing on Jimmy Kimmel’s late night show, Dancing With The Stars contestant Ricki Lake referenced her odds of winning DWTS that were listed on the Bodog.com website.

Kimmel gave her a tongue-lashing for promoting the online gambling website.

Submitted by Jagajeet Chiba on, Nov/16/2011

Two Hearings on Internet Poker Scheduled for This Week

It’s a busy week for the Internet poker sector as two hearings will be held in Washington regarding the legalization and regulation of the activity in the USA.  A previous hearing took place last month.

Thursday November 17 there will be a Senate Committee hearing that will focus exclusively on Indian affairs called “The Future of Internet Gaming, What’s at Stake for Tribes?”

Submitted by C Costigan on, Nov/15/2011

Tax Free Poker: 2011 WSOP Champ Pius Heinz Will Keep Entire $8.7 Million

This year’s World Series of Poker champion Pius Heinz will not have to pay any taxes on his $8.7 million in winnings it was revealed on Tuesday. The German player outlasted 6865 players to win the 2011 WSOP last week.

From DailyFinance.com:

Submitted by Ace King on, Nov/15/2011

Tower Poker Moves to Cake Poker Network: Still Will Not Accept US Customers

Pro-friendly Tower Poker, owned by TowerGaming, has made the move to the Cake Poker Network from Ongame.  While Cake Poker accepts US customers, Tower Poker will not be permitting players from the US.

Tower has a reputation for permitting unlimited reload bonuses and VIP promotions while accommodating more high-end players.  In recent months, Ongame has focused more heavily on a recreational player base. 

Submitted by Ace King on, Nov/15/2011

Online Poker Traffic Crashes Nearly 8 Percent

The world’s online poker traffic fell a staggering 8 percent this week following the conclusion of PokerStars 70 billionth hand promotion.  That site witnessed a remarkable 22 percent rise in overall traffic last week, which helped boost the industry overall to a 12.5 percent rise.

Submitted by Ace King 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

Gambling911.com’s Jenny Woo to Have a Girl: And Her Name Will be….

Senior International Correspondent for Gambling911.com, Jenny Woo, has revealed the outcome of her ultrasound.  She’s having a baby girl!

Gambling911.com 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

California and Tribal Casinos Gearing up for Legalized Internet Poker

Two bills have been drafted that would legalize Internet poker in the state of California.  Many believe that a regulated Web poker industry in the world’s 8th largest economy  could serve as the perfect cure for California’s financial woes.

From VegasInc.com

Submitted by C Costigan on, Nov/14/2011

Nevada to Begin Granting Internet Poker Licenses

Nevada’s state Gaming Control Board will begin issuing licenses for operation of Internet poker sites beginning in February.  The licenses would be granted much faster for those casino firms already holding a gaming license in the state.

Once granted a license, companies would only be permitted to offer online poker within the state’s boundaries in specified settings such as in the casinos and racetracks themselves.

Submitted by C Costigan 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

Caesar’s Head Gary Loveman: “$5 Billion From Internet Poker in US a Conservative Figure”

Caesars Entertainment Corp. Chairman Gary Loveman, speaking during the company's third-quarter earnings conference call with analysts, said he believed his casino operation would have an Internet poker site up and running within 12 to 14 months of legislation passing in the US.  He also balked at the idea that the industry would take in a mere $5 billion.

Submitted by Aaron Goldstein on, Nov/11/2011

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

Follow Up Hearing On Internet Poker Scheduled

The US Government is inching closer to legalizing Internet poker as a follow up hearing has just been scheduled for November 18.  Once again, the House Subcommittee on Commerce, Manufacturing and Trade will oversee the hearing. A list of speakers is yet to be finalized.

Last month’s hearing focused mostly on the pros of online poker with concerns expressed over Indian gaming sovereignty, under aged gambling and collusion in card rooms, specifically how to prevent so-called “bots”.

Submitted by C Costigan 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 Gambling911.com 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, Gambling911.com 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

Bwin.party Shares Stable: Benefit Heavily From Full Tilt Poker Closure

Bwin.party reported a year-on-year revenue growth of 3 percent in the third quarter, benefiting from the abrupt closure of what had been the world’s second largest online poker firm, Full Tilt Poker.

According to Sharecast.com, third quarter pro-forma revenue of €201.1m was up from €194.7m in the third quarter of last year, ahead of the €194m Panmure Gordon had been predicting, and up 9% on the second quarter.

Submitted by Aaron Goldstein on, Nov/08/2011

Black Friday Bank Shut Down

A bank implicated in the processing of funds for three of the world’s largest online poker rooms last April 15 has finally been shut down.

SunFirst Bank in Saint George, Utah, was closed down by US Feds at the close of last week.  It is the 87th bank of 2011 to fail. 

The US Justice Department alleges that Full Tilt Poker, PokerStars and UB.com enticed officials of SunFirst to disguise online poker transactions as dog food and golf balls.  Executives of the three online poker companies were charged with money laundering and bank fraud as a result. 

Submitted by C Costigan on, Nov/07/2011

Herman Cain at 5 to 1 Odds Despite Sharon Bialek Accusations

Submitted by Gilbert Horowitz on, Nov/07/2011

South Point Poker Joins The Gambling911.com Family

In case you haven’t seen their banners flashing all over the site, we at Gambling911.com would like to officially welcome South Point Poker on board as the first Las Vegas Internet poker room.

“We are very thrilled to have them on board,” noted Payton O’Brien, Senior Editor of the Gambling911.com website.  “Their entry ushers in a new era of legalized US-based casinos now offering online poker rooms.”

For now, the site will be free-to-play, however, the incentives are enormous.

Submitted by Gilbert Horowitz on, Nov/07/2011

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

Breaking News

Man Fatally Shot at Illegal Gambling Establishment

Man Fatally Shot at Illegal Gambling Establishment

A Long Beach, California man has died after being shot Friday at what is being called an “illegal gambling establishment” along the Pacific Coast Highway in Long Beach.

Gambling and Sports Betting News Wire - August 24 2019

Here are today's headlines in the world of gambling and sports betting as they happen - Saturday August 24, 2019.

Bet What Happens First?  Dow Hits $30K? Dow Hits $20K?

Bet What Happens First? Dow Hits $30K? Dow Hits $20K?

The Dow took quite a tumble Friday and this has prompted Betonline to offer a prop bet on what happens first: The Dow hits $30K or it hits $20K.