..

Rhode Island Mobster Sentenced for Running Sports Betting Ring

Written by:
Gilbert Horowitz
Published on:
Nov/19/2014
Rhode Island Mobster Sentenced for Running Sports Betting Ring

A high-ranking member of the New England mob was sentenced to a 10-year suspended sentence and 10 years probation before a Superior Court judge on Wednesday after pleading no contest to a charge of conspiracy to commit a felony and racketeering. 

Edward C. Lato, 67, is currently serving a nine-year prison sentence in connection to a l $1.5 million extortion ring involving the shakedown of Rhode Island strip club owners.

In May of 2011, Lato and 24 others were arrested and charged with racketeering, extortion, conspiracy and gambling in connection with what authorities called a “large scale sports betting operation”.

- Gilbert Horowitz, Gambling911.com

Gambling News

SBC Digital Summit North America Unveils Agenda and High-Profile Interview Series

SBC Digital Summit North America Unveils Agenda and High-Profile Interview Series

The agenda for SBC Digital Summit North America is to feature an ‘In Conversation With’ series of interviews with some of the biggest names in the U.S. betting and gaming industry.

Ho Dead, Vegas Casinos Target June 4 for Reopening, Carousel Group Hiring Spree

Ho Dead, Vegas Casinos Target June 4 for Reopening, Carousel Group Hiring Spree

Free parking, but no valet service. Bartenders, blackjack dealers, and waiters wearing masks. Hand sanitizer everywhere.

Phil Mickelson a "Known Rat" in Billy Walters Case Claims Pro Bettor

A popular sports bettor might not have been on board with wagering on Sunday's much hyped "The Match: Champions for Charity".

Russian Table Tennis Betting No Joke During This Time of Pandemic

Russian Table Tennis Betting No Joke During This Time of Pandemic

William Hill sportsbook director Nick Bogdanovich said the UFC handle at William Hill topped what was wagered on Russian table tennis over last weekend, but not by a large margin. 

Pro Bettor Talks Pandemic Impact on Sports Betting, How Real Bookies Approach Their Craft

Pro Bettor Talks Pandemic Impact on Sports Betting, How Real Bookies Approach Their Craft

A professional sports bettor, Rufus Peabody, recently spoke to BetIndianaNews.com to discuss the coronavirus pandemic's impact on sports betting.  Much of it is obvious, no sports equals no wagering.  But with sports slowly but surely returning, the big question centers around home field/court advantage should games be held without fans.

Syndicate