Gambling News
Ravens Rice Indicted for Assault on Fiancee at Revel Casino
ATLANTIC CITY, N.J. — (Associated Press) - Baltimore Ravens running back Ray Rice has been indicted on a charge he assaulted his fiancee in an elevator at casino in Atlantic City, N.J.
Poker Pro Marvin Rettenmaier: ‘Why I’m Against Implementing a Shot Clock!’
On his blog, noted poker pro Marvin Rettenmaier has offered up a series of reasons as to why a shot clock should not be introduced to live World Poker Tour (WPT) tournaments.
Mobile Online Gambling in New Jersey Makes Up One Quarter of Market
A report this week shows that mobile online gambling in New Jersey has accounted for more than a quarter of the overall market at one of the leading websites, WSOP.com. This includes tablets such as the iPad.
Reuters: Casinos to Vet High Rollers Funds
(Reuters) - U.S. casinos may soon have to vet where their high rollers' funds come from under a requirement being developed by the U.S. Treasury Department, according to two people familiar with the matter.
The move is part of a push to address longstanding regulatory and law enforcement concerns that criminals can use casinos, which have not historically been as closely monitored as banks for compliance with anti-money laundering laws, to convert proceeds of crime into money that appears clean.
California State Senator Charged as Part of Gambling, Murder-for-Hire Case
26 individuals have been indicted in an unsealed criminal complaint in San Francisco with charges that range from drug trafficking to gun running to illegal gambling to even murder-for-hire.
Among those arrested, California state Senator Leland Yee.
PokerHost Moves to Equity Poker Network: Leaves Merge Gaming
PokerHost.com, the online poker arm of sports betting website SBG Global, will be leaving the Merge Gaming Network and moving to the newly formed Equity Poker Network, it was revealed on Wednesday.
Equity Poker is currently home to the online poker arms of Heritage and 5Dimes sportsbooks.
Caesar’s to Shut Down Harrah’s Casino in Tunica
JACKSON, MISS. — (Associated Press) - Caesar’s Entertainment said Wednesday that will close its Harrah’s casino in Tunica on June 2 and lay off as many as 1,300 workers.
Las Vegas-based Caesar’s, which owns Harrah’s Reno, Harrah’s Lake Tahoe and Harveys Lake Tahoe, also owns the adjoining Horseshoe Tunica and Tunica Roadhouse in a nearby complex. The company said employees will have preference for openings at those operations and at Caesar’s properties under development in Las Vegas.
Dianne Feinstein Support of Online Gambling Prohibition Bill has Many Baffled
California Democrat Senator Dianne Feinstein stunned many folks when it was revealed she would be backing legislation introduced Wednesday to prohibit online gambling.
FBI Raids Net Raymond ‘Shrimp Boy’ Chow: Collected Gambling Debts for Triad
A series of FBI raids in both the San Francisco and Sacramento areas resulted in the arrest of Raymond “Shrimp Boy” Chow, a former member of a Chinatown street gang and latest member of a Hong Kong-based triad allegedly tied to Hong Kong and San Francisco-based gambling dens.
Russia Placing Sanctions on Internet Gambling Sites: Mostly From UK
Russia has apparently declared war on Internet gambling.
Though the blacklist was implemented some 16 months ago, it has only expanded dramatically in recent days to include the likes of UK-based sites such as Ladbrokes and William Hill along with a number of other European online wagering firms.
This move comes as the European Union has imposed sanctions on Russia for its annexation of Crimea.
Coincidence?
Off Message: Republicans Attack on Internet Gambling Gets in Way of 2016
(Reuters) - Casino mogul Sheldon Adelson became a major player in Republican politics in the 2012 elections, when he spent more than $90 million in an unsuccessful effort to oust Democratic President Barack Obama.
Now the 80-year-old billionaire wants something from Washington: a ban on Internet gambling, a growing industry that Adelson says could hurt the casino industry. On Wednesday, some of Adelson's allies in Congress, including South Carolina Senator Lindsey Graham, plan to propose legislation that would do just that.
Internet Gambling Control Act of 2014 Introduced by Graham, Chaffetz
South Carolina Republican Senator Lindsey Graham and Representative Jason Chaffetz, a Republican from Utah, introduced the Internet Gambling Control Act of 2014 Wednesday morning. It is a measure that would prohibit all forms of Web gambling in the US at the federal level while enforcing state governments to cease offering the activity as well.
Attorney in Full Tilt Poker ‘Black Friday’ Case to be Denied Lawyer Fees
The attorney for a defendant in the notorious “Black Friday” online poker investigation will be stiffed.
US Presidential Hopeful Rick Perry Wants ‘Time Out’ for Online Gambling
Texas Governor and 2016 US Presidential hopeful Rick Perry, a Republican, has called for a “time out” when it comes to legalizing Internet gambling.
The National Journal calls this a “test of how big money can influence politics at the highest level”.
New Jersey Online Gambling Estimates Cut by 7 Percent
ATLANTIC CITY, N.J. (Associated Press) — Morgan Stanley has lowered its estimate of the U.S. Internet gambling market to $3.5 billion by 2017, down from a previous forecast of $5 billion.
The Wall Street firm cited worse-than-expected technical issues, but says it's optimistic about the new industry's long-term prospects, with an $8 billion market by 2020.
It also lowered its first full year estimate of New Jersey's Internet gambling revenue from $541 million to $203 million. Fitch Ratings is sticking with its $200 million forecast for New Jersey this year.
888 Holdings Sees Surge in Share Price
888 Holdings, the online gambling firm, was up 8.6% Tuesday in trading.
The company has reported a 30% increase in pretax profit in 2013, driven by a continued strong performance from its core casino and poker products.
It said that pretax profit rose to USD53.2 million in 2013, up from USD40.8 million the year before, as revenues for the year rose to USD400.5 million from USD375.8 million.
WSOP.com Becomes Official Online Gambling Partner of New York Rangers
PokerNews.com is reporting that New Jersey online gambling site WSOP.com has become the official betting partner of the New York Rangers.
New Jersey residents are already eligible for promotions associated with this partnership deal.
From PokerNews.com:
No More Fees for The Beast: Now a Free Online Poker Rake Race
The leading US-facing online poker site announced that starting April 5th, there will be no more jackpot fee associated with The Beast, ultimately turning it into a free weekly points race. What's more, all real money cash tables are now officially Beast tables. Players from all over the world are looking forward to this big change and are already calling it the best promotion in online poker.
Bill to Allow NJ Licensing of Foreign Internet Gambling Firms One Step Closer
(Associated Press) - A plan to let New Jersey casino regulators oversee foreign Internet gambling companies if they move their operations to Atlantic City has moved a step closer to approval.
A state senate wagering committee approved the bill Monday.
The measure is sponsored by Sen. Raymond Lesniak. He says many overseas gambling companies want the stamp of approval that would come from submitting to New Jersey's casino regulators, who are among the strictest in the nation.
The foreign firms wouldn't be able to take bets from anyone in the United States.
Ronn Torossian Says CNBC’S Reality Show ‘Money Talks’ Is A ‘Sham’
"Owning a PR firm, I know well that while reality TV is often scripted, and rarely reflects “reality”, CNBC’s new show "Money Talks" which focuses on the world of sports handicapping crosses over the line of acceptable entertainment."
Ronn Torossian of 5WPR wrote an op-ed which should interest the readers of Gambling911 immensely.
GOP Mega Donor Adelson Hires Former Democratic Senator
Casino Magnate and GOP mega donor Sheldon Adelson has hired former Democratic Senator Blanche Lincoln as part of his campaign to abolish legalized Web gambling in the US.
Adelson’s Las Vegas Sands corporation hired Lincoln Policy Group, according to public records obtained by Politico.com.
William Hill, Ladbrokes Shares Hit Again Following UK Budget Woes, Downgrades
Leading UK bookmakers William Hill and Ladbrokes witnessed yet another share decline on Monday following a downgrade and unfavourable football results over the weekend.
Hill dropped 1.33% Monday, Ladbrokes dropped 0.53%.
Is New Jersey Online Gambling Driving Down Casino Revenue in Pennsylvania?
Forecasts for online gambling revenue in New Jersey may not quite be reaching targeted expectations but there could be an additional positive impact, at least where the Garden State is concerned.
Neighboring Pennsylvania casino revenues are now on the decline since New Jersey Internet gambling launched last November.
Pennsylvania has severely cut into New Jersey’s brick-and-mortar casino industry for nearly eight years.
Florida's Gambling Growth Fuels Legislative Push
TALLAHASSEE, Fla. — (Associated Press) - South Florida has frequent flights from around the country, Latin America and Europe visitors by the millions each year and Indian casinos that perform better than those in most other states. On top of that, the weather is terrific.
Zoltan Gal Wins Eureka Poker Tour 2014
Zoltan Gal from Hungary has won the first ever Eureka Poker Tour event held in Vienna for €208,655. The 27-year-old was the last man standing in the record-breaking event after beating Austria's Andreas Freund heads up. The pair cut a deal with €10k, the trophy and the title left to play for. Gal eventually grabbed it all meaning he scored a €208,655 payday while Freund gained a €174,655 reward. It has been record-breaking event back-to-back beating Prague's December stop by 117 players with 1,432-player field
EPT Vienna Main Event 2014 Set for Huge Numbers
A giant field is predicted for the EPT Vienna Main Event which kicks off at noon tomorrow at the stunning Hofburg Palace, the former imperial residence in the heart of the Austrian capital. (A record-breaking 1,432 players turned up for the Eureka Vienna Main Event, the debut event of the EPT Vienna Poker Festival and now down to just nine players.) There are more than 330 players already registered for EPT Vienna including 265 who won their seats on PokerStars plus more than 20 members of Team PokerStars Pro, PokerStars Team Online and Full Tilt Poker Ambassadors.
Pope Tells Italian Mafia to Stop Evil or Prepare for Hell
(Reuters) - Pope Francis, in an annual ceremony held to remember the hundreds of innocent people murdered by the Italian mafia, made a solemn plea for mobsters to change or else "end up in hell".
The mafia continues to plague much of southern Italy: just on Monday, a four-year-old boy was shot dead, along with his mother and her boyfriend, near the southern city of Taranto in a suspected mob hit.
Borgata Spring Poker Open 2014 Announced
Borgata Hotel Casino & Spa today announced details of its fifth annual Borgata Spring Poker Open beginning on April 8 with the $1 Million Guaranteed Deep Stack No Limit Hold’Em event and concluding with the prestigious $5 Million Guaranteed Televised WPT World Championship (April 21-26). For the first time in its twelve-year history, the World Poker Tour’s crowning event will be held outside of Las Vegas, as a champion will be named at Atlantic City’s preeminent poker destination.
Pope Francis Shuns Mafia Dons: Holds Vigil for Victims
Pope Francis held a vigil for victims of organized crime in Italy on Friday.
Thousands of people in Italy have lost loved one’s at the hands of the Italian Mafia, according to reports. A toddler and his parents became the latest vicim of Mob violence just hours after Pope Francis announced his visit on Monday.
Russian Billionaire Who Won Gambling Libel Case Could Face EU Sanctions
A Russian billionaire who won a gambling libel case in 2010 is facing possible EU sanctions following Russia’s annexation of Crimea.
