Gambling News
Bwin.Party Executives Acquitted in French Court
Bwin.party chief executive Norbert Teufelberger and the former co-CEO of bwin Manfred Bodner were acquitted in a French court on charges of violating Internet gambling laws in that country.
New Jersey Attorney General Denies Access to Online Gambling Affiliates
Online gambling affiliates, some of whom had already obtained their vendor licenses in the state of New Jersey, were dealt a serious blow by that state’s Attorney General last week. But it is actually the casinos themselves that will feel the most pain.
New Jersey Assistant Attorney General George N. Rover informed those affiliates of state licensed online casinos that they would be restricted from directly targeting NJ residents or visitors unless they removed all links and banners from offshore gambling sites still conducting business in the state.
Illinois Legislators Push for Gambling Expansion Once Again
(Associated Press) - SPRINGFIELD, Ill. | An Illinois lawmaker says the clock is ticking on a gambling expansion measure that could boost revenue for the state.
Democratic Rep. Bob Rita, of Blue Island, sent a letter to House Speaker Michael Madigan and Republican leader Jim Durkin on Monday hoping to gain support for his plan. The proposal has two options. One adds five casinos and slots at horse tracks. The other calls for a mega-casino in Chicago.
Internet Gambling Included in Pennsylvania State Budget
Lawmakers have made Internet gambling part of the Pennsylvania year’s state budget though few believe any measures would be signed into law in 2014.
The odds are stacking against Web gambling ever becoming legalized in the Keystone State.
Ex-NFL Player Charged With Illegal Gambling Busted Twice in One Week With Drugs
Former NFL player Rache Caldwell has been arrested for trying to sell the drug Molly.
Police had been monitoring Caldwell’s movements following his arrest just days prior for attempting to sell Ecstasy on the street.
And earlier this year he was arrested for running an illegal gambling ring.
World Series of Poker Hosts First Annual New Jersey Mayor’s Poker Tournament
Honorable Winner Will Receive $10,000 Donation for Local Charity of Their Choice
Atlantic City, N.J. – The World Series of Poker (WSOP) announced today that its online gaming platform WSOP.com will be hosting its inaugural New Jersey Mayor’s Poker Tournament on May 22 as part of the World Series of Poker National Championship week-long festivities in the newly WSOP-branded Bally’s Poker Room in Atlantic City.
Borgata Faces New Lawsuit in Counterfeit Poker Chip Scandal
Six poker players filed suit against Atlantic City’s Borgata Casino this week over prize money not paid when a tournament was cancelled due to the discovery of counterfeit chips.
Bwin.Party Board Shakeup Begins as Bodner Exits: Shares Plummet 4 Percent
Non-executive directors of Bwin.party Manfred Bodner and Helmut Kern will be stepping down at the conclusion of the forthcoming annual general meeting on Thursday of next week, thus signaling the start of what is likely to be a major board shakeup.
75 Percent of Visa Credit Cards Not Working for NJ Online Gambling Sites
New Jersey online gambling companies are seeing around a 75% decline in credit cards, according to Matthew Katz of CEO of CAMS.
He recently spoke to Rebecca Liggero of CalvinAyre.com regarding the current climate in New Jersey when it comes to payment processing.
“I think the biggest challenge is just education, getting the bankers to understand how significant the technology and the processes all the regulators have in place to be compliant,” Katz said.
Deutsche Bank Sells Cosmopolitan Vegas Casino for $1.73 Billion
(Associated Press) - Deutsche Bank AG is cutting itself free of The Cosmopolitan of Las Vegas resort and casino, saying it’s selling the swanky but unprofitable high-rise complex on the Strip to Blackstone Real Estate Partners VII for $1.73 billion.
The German investment bank said in a statement Thursday that the cash deal remains subject to regulatory approvals. The bank had intended to sell the property from before it even opened in 2010 and had placed The Cosmopolitan in a separate bank division devoted to winding down or selling unwanted investments.
Buck & Butler Debut New Online Casino
Buck & Butler’s grand ambition is to be the industry’s most unique and innovative casino, and the people behind the new casino take pride in working hard every day to provide the market with a casino experience totally out of the ordinary.
Lindsey Graham Confronted Over Online Gambling Bill, Adelson Donations
What happens when you take one of the wealthiest men in the world and make him one of the biggest backers of a political party?
Well, you have politicians doing his bidding to eliminate business competition.
Crime Gangs Laundering $140 Billion a Year Through Sports Betting Sites
(Reuters) - Criminals are using betting on sports events to launder $140 billion each year, a report said on Thursday, exposing a lack of effective regulation that allows match-fixing to spread.
Soccer and cricket were identified as the sports most threatened by criminals seeking to rig the gambling market but tennis, basketball, motor racing and badminton were also affected, according to the report, which is based on a two-year research.
Phil Ivey Wins Over $500k in Two Days: Blom Drops $380,000
Poker icon Phil Ivey won $441,380 over a two day period after 835 hands were played in six different sessions concluding on Tuesday.
Most of his winnings on Tuesday came during a session played in the late morning at the $1,500/$3,000 8-game tables, according to PokerNews.
Joran Van Der Sloot to Marry in Prison, Become a Father
Dutchman Joran van der Sloot’s lawyer Maximo Altez confirmed that the convicted killer is set to marry while serving a 28-year prison sentence and he will become a father.
Van der Sloot was convicted of killing a 21-year-old female Peruvian student he met in a Lima casino in 2010. He had been visiting Peru to follow the Latin American Poker Tour.
PayNoRake.com to Now Guarantee 24 Hour Payouts
The management of the Chico Poker Network are thrilled to announce that, following on their success with the fast payouts and impeccable records achieved on TigerGaming.com – they can now extend the same 24 hour guaranteed payout service to PayNoRake.com - via Skrill, Neteller and EcoPayz!
CNBC’s Cramer Says to Get Your Money Out of IGT
In Wednesday’s lightning round, CNBC’s popular stock analyst Jim Cramer offered his advise on slot maker International Game Technology:
“Online gambling isn't taking off and there aren't a lot of new casinos being built,” said Cramer. “Therefore, I think there are better places to put money.”
New Jersey Internet Gambling Sees Decline in April
ATLANTIC CITY, N.J. (Associated Press) — New Jersey's fledgling Internet gambling industry saw its first monthly decline, falling slightly to $11.4 million in April.
In March, which had one more day of gambling than April had, Internet gambling brought in $11.9 million. Figures released Wednesday by the state Division of Gaming Enforcement show the average online take per day was $380,958 in April, down from $383,173 in March.
UltimatePoker CEO Tom Breitling: Size Does Matter
UltimatePoker CEO Tom Breiting sat down to discuss the size of the online gambling market in a very small regulated portion of the United States.
“With the creation of a new industry, there are a lot of unknowns,” Breitling says. “And our company was pushed off balanced just a little bit (with emphasis) for revenue projections.”
Those projections for the Nevada market, where UltimateBet leads and is only one of two sites online, was for $80 million. In New Jersey, estimates were in the $250 million to $1.2 billion range.
Americas Cardroom Stops Serving New Jersey, Delaware and Nevada Markets
Americas Cardroom today announced a move to serve players only in markets without state-licensed poker sites. The online poker site today announced that, effective immediately, players in New Jersey, Delaware, and Nevada will no longer be eligible to play real money online poker at Americas Cardroom.
‘Tsunami of Corruption’ is Heading for Aussie Sports Warns Match-Fixing Expert
Journalist and corruption in sport expert Declan Hill has warned of a “tsunami of corruption” about to hit Australian sport.
He uttered the dire warning while addressing the second Victoria Police Integrity in Sport Symposium in Melbourne.
"The match fixing linked to the Asian gambling networks have destroyed most Asian sports.
"The sports fans of Asia, the gambling people, the fixers of Asia are now going to turn their attention to Australia."
Attorney General Hopeful Gives Up Stake in Online Gambling Firm
Massachusetts Attorney general hopeful Warren Tolman confirmed Sunday he has severed all financial ties with an online gaming company.
Man Who Beheaded Exotic Bird at Flamingo Casino in Las Vegas Gets Probation
A University of California, Berkley law school graduate has been sentenced to probation after beheading an exotic bird at a Las Vegas casino in 2012.
Justin Teixeira received the four years of following a prison boot camp program.
His sentence also includes 16 hours a month of unpaid work at an animal shelter.
Teixeira pleaded guilty to beheading a rare 14-year-old helmeted guinea fowl while at the Flamingo’s Wildlife Habitat.
Alcohol was involved in the crime.
- Gilbert Horowitz, Gambling911.com
I Live in Texas But Can’t Bet the Preakness Stakes Online: Do I Have Options?
Texas is one of those so-called “prohibited states” when it comes to betting horses online but that doesn’t mean you still can’t do so. International online horse racing sites like Bookmaker, which has been in business since 1997, do continue to accept bets from folks living in the Loan Star State.
Poker Pro Mike ‘The Mouth’ Matusow’s Life to Hit the Big Screen
Variety Magazine reported Monday that poker pro Mike “The Mouth” Matusow’s life would be made into a film.
The project is currently in development as a biopic by 1984 Professional Defense Contractors.
Matusow is one of the most colorful players in the game having had bouts with drug addiction, sex, promiscuity and other depravities we can’t get into on this family website.
Matusow has also spent time in jail and once attempted suicide.
Paddy Power CEO to Step Down Amidst Two Worst Weekends Ever in Football
Paddy Power, the United Kingdom’s third largest bookmaker, suffered two of its worst weekends in football on record this year. The company’s stock has dropped 4% and CEO Patrick Kennedy has announced his departure in 2015. Kennedy has been CEO of Paddy Power since 2006 with the betting firm enjoying huge success throughout much of his tenure.
Germans to Dominate This Year’s $1 Million Buy-In One Drop
Fabian Quoss, Max Altergott, Tobias Reinkemeier, Christoph Vogelsang and Niklas Heinecker, all German and all poker players who have paid the $1 million buy-in to participate in this year's Big One for One Drop at the World Series of Poker.
The odds of a German winning what will likely be the biggest cash in poker tournament history are pretty good.
URINE-SANE!!! Paddy Power Handing Out Pure Urine Samples to Giro d' Italia Riders
Perhaps sensing they were being outdone by Stan James and that bookmaker’s infamous defacing of a medieval wall, the king of online gambling marketing, Paddy Power, has announced they will be handing out clean urine samples to riders during the final stage of Giro d' Italia in Ireland.
Michael Sam’s Boyfriend From Mob Family: Grandfather Stuffed Bodies in Sewers
It was the kiss seen around the world that everyone was talking about Monday – Michael Sam selected to the St. Louis Rams, then engaging in a kiss with his boyfriend on national television upon learning of the news.
Sam is officially the first openly gay player in the NFL. There was some question as to whether he would be selected in this year’s NFL Draft and he nearly wasn’t. Sam was one of the last picks.
Casino High Roller Being Sued Over $14.1 Million Debt
Melbourne’s Crown Casino is suing a gambler over $14.1 million they lent out to finance his gambling spree that reportedly left it nearly $8 million in the red.
High-roller Zhao Li is now being sued by the casino after Crown claims he has either refused or otherwise forgot to pay them back.
