The odds to win Best Supporting Actor for the 2017 Oscars Sunday is close to a lock but not quite.
Michael Colbert, the Sportsbook Director for Cantor Gaming, was arrested early Wednesday morning in Las Vegas along with seven other individuals whose names have since been released. A total of 25 arrests were made nationwide Wednesday. The 259 page indictment charges these individuals with Enterprise Corruption, Money Laundering, Promoting Gambling and Conspiracy.
Jagajeet Chiba here for Gambling911.com and boy what a day, heh?
Mike Colbert, Director of Cantor Gaming’s sportsbook operations in Las Vegas, was arrested early Wednesday morning in connection with an investigation related to Pinnacle Sports out of Curacao.
As Nevada is set to begin legalizing online poker, it may also face a serious setback following news that M Resorts Sportsbook Director, Mike Colbert, has been arrested and charged on eight counts of conspiracy, money laundering and enterprise corruption.
Specifics of this arrest are forthcoming on Thursday 11 am ET as New York prosecutors are set to hold a press conference. The investigation is being conducted by the Queens District Attorney's Office, long notorious for going after operatives of offshore sports betting businesses.
As first reported on Gambling911.com Twitter Wednesday afternoon, there has been a series of arrests made in New York City and across the US related to sports betting and one of the individuals charged is none other than Mike Colbert, Sports Director for Cantor Gaming and Manager of M Resorts Race and Sports Book.
The Interactive Media Entertainment & Gaming Association (imega.org) founder Joe Brennan, Jr. believes that a reintroduced Cyber Security measure could be the vehicle for passing online poker legislation during the lame duck session.
Brennan, Jr. tweeted:
Bet this is the ‘must pass’ bill Reid will tack his poker bill to in Lame Duck; is it enough of a “must have” to work?
Online gambling in the Internal Market - Frequently asked questions
Why is the Commission adopting an Action Plan on online gambling?
Online gambling services are both in demand and widely offered throughout the EU and the economic significance of the sector continues to grow. This process has so far proven to be largely independent from the level of restrictions imposed by individual Member States. Thus in 2008, four out of the five largest national online gambling markets in the EU were characterised by very restrictive regulatory models (Germany, Italy France, Sweden)
A high profile Mob trial began last Thursday in Philadelphia and on Monday we learn that reputed Mob 'boss' Joseph Ligambi wanted crooner Frank Sinatra dead for insulting him at a concert.
Ligambi is charged with illegal gambling and extortion.
The European Union on Monday unveiled plans to improve safeguards for money laundering activities via online gambling websites.
The EU mission also looks to prevent match fixing while protecting players against fraud.
From Bloomberg News:
Darren Rovell, now with ESPN, questioned a call Thursday night during a division meeting between San Francisco and Seattle that no doubt infuriated a large number of bettors, unless of course you happened to be on the other side of this situation.
BOSTON (Associated Press) — Democratic U.S. Rep. John Tierney and his Republican challenger Richard Tisei butted heads on health care, gun control and the controversy surrounding the illegal gambling business operated by Tierney's brothers-in-law in a feisty televised debate.
The two candidates in Massachusetts 6th Congressional District tossed charges and countercharges in the 25-minute match Thursday on NECN.
A Tennessee couple have been charged with robbing a Walmart after Brandon Lee Henry lost a bet on his beloved Vols. The girlfriend assisted in stealing $756 worth of goods to pay off the $150 lost bet (fuzzy math, we know).
Opening arguments will begin Thursday in the racketeering trial of reputed mob boss Joseph “Uncle Joe” Ligambi and six others. The trial is expected to last for up to 12 weeks.
A final group of alternative jurors were selected on Wednesday.
John Brennan of NorthJersey.com revealed Wednesday afternoon that New Jersey attorneys will begin to depose leaders of four professional sports leagues and the NCAA.
Those to be deposed include the likes of the NCAA’s Mark Emmert plus the NFL’s Roger Goodell, the NBA’s David Stern, MLB’s Bud Selig, and the NHL’s Gary Bettman.
“Ludicrous,” is what a Governor Chris Christie spokesperson called the decision by the NCAA late Monday to pull 2013 championship games out of New Jersey. The NCAA objects to the state’s intentions to allow legalized sports betting.
New Jersey Governor Chris Christie did not mince words Tuesday when he referred to the NCAA’s decision to pull some championship games out of the Garden State as “ludicrous”.
The NCAA is reacting to New Jersey’s decision to move forward with legalizing sports betting in the state. It will begin accepting application from potential operators on January 6.
BOSTON, Mass. (Associated Press) - Gov. Deval Patrick calls "very frustrating" the federal government's rejection of a casino compact the state had reached with the Mashpee Wampanoag tribe.
Patrick told reporters on Monday that he planned to reopen negotiations with the tribe but offered no timetable on when a revised compact might be completed.
New Jersey school officials were fast to react to the NCAA’s decision to pull scheduled championship games because of the state’s pursuit of sports betting.
The NCAA has announced it will be withdrawing a number of 2013 Playoffs and Championship games from the state of New Jersey.
The NCAA has filed a lawsuit in an effort to stop the state from moving forward with plans to allow sports betting.
From USA Today:
PHILADELPHIA — (Associated Press) - Gross revenue from table games rose 15.4 percent last month compared to the same period a year ago, state gambling regulators reported today.
The state's 11 casinos generated $59.3 million in gross revenue from table games in September, an increase from $51.4 million during the same period a year ago, according to Pennsylvania Gaming Control Board revenue figures. Last month's numbers include $2.9 million generated at Valley Forge Casino Resort, the state's newest casino, which opened in March.
Despite legal opposition from four professional sports associations, including the National Football Association (NFL), New Jersey is forging ahead with licensing of sports betting operations beginning January, it was revealed on Monday.
(Associated Press) - The first juror selected for a Philadelphia mob trial is a former Teamsters member who was a crime victim in her teens.
The FBI investigation involves alleged mob activity since about 1999, when former boss Joey Merlino went to prison.
Prosecutors say acting boss Joseph "Uncle Joe" Ligambi has led Philadelphia's La Cosa Nostra since then.
The case mostly involves illegal gambling and loansharking in Pennsylvania and New Jersey, and there's little violence alleged.
CONCORD, N.H. (AP) — Public policy experts estimate that New Hampshire could net more than $50 million a year if it builds a casino in the southern part of the state. Tim Moore puts his share at about $1,500.
The Off Shore Gambling Association this week posted a warning about a Western Union scam the online gambling community needs to be aware of.
As reported by Gambling911.com last week, the Washington Redskins have endorsed a plan that would see gambling expansion in the state of Maryland in the form of a new casino Prince George's County. This support comes despite the fact that the National Football League (NFL) expressly condemns any form of gambling promotion associated with the league.
Ireland’s biggest bookmaker, Paddy Power, is expanding and creating 600 new jobs along the way.
The posts are in areas such as e-commerce, technology, social media, research, risk management and online marketing, according to a report filed by rte.com Thursday.
The company currently employs over 2100 people and has added 190 new jobs already since the start of the year.
For all of us who love and bet on sports and parlays, you always have that feeling that you are always just one play away from a nice payday. We have all hit the 3 and 4 teamers, but as you turn the corner for home on the 6 and up team parlays they start to become a bit more elusive. Even the best handicappers like to throw a large parlay in the mix just for the heck of it from time to time. Winning one of these big parlays can be a life enhancing event to say the least, and the driving force behind hitting the submit button versus the longer odds.
Israeli police on Thursday announced the arrests of 44 people in connection with a $1 billion gambling and crime ring.
Predawn raids commenced in the cities of Tel Aviv, Bat Yam, Holon, Rishon, LeZion and other cities across the Middle Eastern nation.
From Yeshiva World:
DETROIT (Associated Press) — Alex Karras was a man of many roles.
Fearsome NFL defensive lineman. Lovable TV dad. Hilarious big-screen cowboy.
And in the end, a dementia victim who blamed the NFL for his illness along with thousands of former players in lawsuits accusing the league of not doing enough to protect them from the long-term effects of head injuries.
South Point Poker is hoping to become the first real money online poker site based in the United States to begin taking bets.
CardPlayer.com noted Wednesday that the company was actively seeking out software developers, graphic artists and customer service reps and supervisors via its website’s “Job Openings” section.
Live Betting Traders
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One of the most important aspects of taking your bookie business to the next level is your ability to level the playing field with the big offshore sportsbooks operating online.