Legalizing online gambling in Pennsylvania will boost crime and gambling addictions, according to Northampton County's district attorney.
Government officials in Ireland have slammed that country’s largest bookmaker for failing to alert the public regarding a massive data breach that occurred in October 2010. News of the breach only became known on Thursday (July 31, 2014), nearly four years later.
More than 649,000 customers of the UK’s third largest bookmaker, Paddy Power, have had their personal information stolen, it was revealed on Thursday. Of those, approximately 120,000 are based in Ireland.
NEWARK, New Jersey — (Associated Press) - Two New Jersey men, including one who ran an illegal sports betting website, have admitted to conspiring with the Genovese organized crime family.
Federal prosecutors say 77-year-old Joseph Graziano and 44-year-old Dominick J. Barone, both of Springfield, each pleaded guilty Tuesday to a racketeering conspiracy count.
The conviction and subsequent sentencing of a Greenville, South Carolina man this week charged with illegal gambling highlights that state’s policy towards eradicating the activity whether it be in the form of bookmaking, poker or video gaming machines.
This morning the 29th of July 2014, the criminal prosecution of Stanley Tomchin – featuring an indictment charging Mr. Tomchin with 56 separate felonies – ended quietly with an agreed upon plea to a minor offense with a sentence involving no incarceration or even probation supervision.
Broker Numis on Monday suggested that two of the UK’s biggest bookmakers should merge in an effort to offset negative regulatory changes.
“This would create a much more attractive investment than either alone,” Numis said.
“Taking the best from each company would result in a business with outstanding technology and marketing. Plus, we really like Will Power as a name for the company.”
Popular 5Dimes.com, a US-facing online sportsbook, has become the latest to embrace the anonymous digital currency bitcoin.
5Dimes began accepting bitcoin deposits early this month but withdrawals via this method will be unavailable for the foreseeable future.
Bitcoin will be converted into US currency at the time of deposit as, as such, customers will not be exposed to fluctuations in bitcoin’s exchange rate.
Over the past month, bitcoin has traded slightly above $600 on average across the various exchanges.
Canadian customers of the sports betting exchange Matchbook.com have been advised that they must withdraw all funds from their accounts by August 22 (2014).
The decision was made on Wednesday (July 23) to exit the Canadian market though rumors began swirling earlier in the week. A reason for the departure was not immediately known.
An activist investor at one of the world’s largest online gambling firms Bwin.party is floating the idea of bringing a Major League Soccer team to the gambling Mecca of Las Vegas.
Gambling911.com intrepid reporter Thomas Somach has learned that an Ohio man who plans to sue now defunct World Sports Exchange (WSEX.com) founder Jay Cohen for almost $70,000 owed plans to hire an investigative team to locate the ex-convict’s assets believed to be hidden around the world.
Massachusetts Senior Senator Elizabeth Warren has endorsed eight-time Democratic incumbent Congressman John Tierney, who is expected to fight a tough primary this upcoming November.
Gambling911.com readers became familiar with Tierney after his wife Patrice was charged for her role in the operation of her brother Robert Eremian’s offshore gambling enterprise. She served as an accountant for the long established Antigua-based gambling business, Sports Off Shore.
Not the best timing as the FIFA World Cup is set to begin this week but BetFred.com customers from variously countries across the globe were advised this weekend they can no longer bet online with the company.
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.
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.
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.
The popular British bookmaker Stan James was reported to authorities for stenciled graffiti advertising the betting firm was found on the Roman walls of Chester, a Heritage site that has existed since 40 AD.
The company added the graffiti ahead of this weekend’s Chester Horse Racing Festival. The Chester council has accused Stan James of a “Heritage Crime”.
"AceSportsbook.com has announced a revamped affiliate program, with commission percentages up to 25%. They handle everything, just send them players, and they send you money.
Activist investor Jason Ader of SpringOwl on Monday made available its initial presentation highlighting the need for change at Bwin.Party, one of the largest online gambling firms in the world.
(Reuters) - Bid talk and relief about 'less draconian' Government measures lift the bookmakers
Traders were betting on the bookmakers amid a revival of bid gossip and relief that a clampdown on the gambling industry was likely to be less severe than feared.
The Advertising Standards Authority (ASA) has banned Irish online bookmaker from ever promoting bets on the Oscar Pistorious trial.
William Hill, BetFred and Ladbrokes were just three of the big name online bookmakers that operate from Gibraltar where an early afternoon generator fire and subsequent explosion knocked each of these businesses offline.
An explosion in Gibraltar has resulted in Gibtelecom service disruptions and down time at the popular poker sites PartyPoker along with other online sports betting companies including Stan James, Ladbrokes and William Hill. Some of the biggest names in online gambling operate from Gibraltar. *Just a quick correction, we initially reported that PokerStars had been affected, however, they operate out of the Isle of Man and were not impacted by the explosion.
God only knows there are several dozen Pay Per Head software platforms out there. You can check out the endorsed pay per heads right here on the Gambling911.com website.
A Florida man tied to what authorities call a billion dollar illegal sports betting ring was sentenced in a New York State district court to time already served.
How does one become a bookie, you might be asking? Or do you really want to be a bookie?
It doesn’t matter the time of year, gamblers will always find something to bet on and bookies…well…they will always be lining their pockets (since the house never loses). So, yes, becoming a bookie can be a lucrative business.
(Reuters) - Bookmaker Ladbrokes (LAD.L), facing regulatory and tax pressures in its British home market, has expanded its Australian business by buying online betting company Betstar for 12.4 million pounds.
The deal announced by Ladbrokes on Wednesday follows a similar-sized acquisition last September when Ladbrokes - Britain's second-biggest bookmaker - bought online company Bookmaker.com.au and launched a website in Australia.
(Reuters) - GVC is looking at further acquisitions after turning around the Sportingbet businesses it acquired last year, the online gambling company said on Wednesday.
GVC, one of the smaller players in the sector and listed on the AIM stock market, said operating profit more than doubled to 38.3 million euros ($52.8 million) in 2013, boosted by moving Sportingbet into the black.
"We are now ready for the next stage in our corporate development and further geographic expansion through organic growth and acquisitions," Chief Executive Kenneth Alexander said.
Originally debuting as TradeSports, the now defunct Intrade is being reincarnated using the original branding strategy.
Intrade Co-founder Ron Bernstein is starting a test phase for his company on Monday (April 14, 2014).
“Sports are always going to be the best laboratory for prediction markets,” he says. “All those things now are just recorded and data-mined and discussed.”
UK Prime Minister David Cameron has announced his administration is about to embark on a crackdown of the so-called “crack cocaine” of gambling, high speed, high stakes gambling machines that have, until now, proven especially profitable for bookmakers.
Just how profitable?
A high level former employee of the now defunct Legends Sportsbook will be deported back to Panama after serving nearly a year in home confinement in the USA.
Welcome to the Gambling911.com Crime Beat. We are the leading gaming news site when it comes to covering crime and punishment in the sector.
46 individuals from three states have been arrested in what investigators say is a large-scale criminal enterprise involving gambling, money laundering and racketeering.