Gambling

Bloomberg: Cantor Fitzgerald’s Bid to Become Global Powerhouse of Sports Betting, Online Poker

Bloomberg News on Wednesday published a great read on Lee Amaitis and his goal to turn Cantor Entertainment Technology Inc. into a sports- gambling powerhouse that looks to eventually add online poker to its platform.

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Submitted by Aaron Goldstein on, May/09/2012

Horseshoe Casino in Cleveland Expected to Attract 5 Million Per Year

Rock Gaming executive Nathan Forbes says his firm believes that the Horseshoe Casino in Cleveland will attract around 5 million visitors per year.  Rock Gaming is a majority partner in the new venture. 

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The casino on Public Square will open to the public at 9:30 p.m. on May 14 after an early-evening VIP reception and stay open 24 hours a day, seven days a week thereafter.

Submitted by Aaron Goldstein on, May/09/2012

Doubt Shed on a Chris Christie About Face Related to Internet Gambling

John Brennan, reporter for the Bergen Record, shrugged off the notion that New Jersey Governor Chris Christie has turned his back on legalizing Internet gambling and bringing sports betting to the Garden State. 

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Submitted by C Costigan on, May/08/2012

New Jersey Governor Chris Christie has Online Gambling ‘Change of Heart’

The Philadelphia Inquirer on Tuesday published a report suggesting that “politics” may be behind New Jersey Governor Chris Christie’s “change of heart” as it pertains to legalized online gambling in the Garden State.

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Submitted by C Costigan on, May/08/2012

Former Star Quarterback, Gambling Addict Art Schlichter Sentenced to 10 Years

One time Ohio State University football star Art Schlichter has been sentenced to 10 years, seven months in prison for fleecing more than 50 people out of millions of dollars in a sports-ticket scheme.  Schlichter, 52, was also ordered to pay restitution in the amount of $2.2 million. 

Submitted by Gilbert Horowitz on, May/06/2012

Betfair Wins German Online Gambling License

(Reuters) - The first licences to offer online gambling in Germany  have been awarded, with British online betting firm Betfair benefiting from the state of Schleswig Holstein's liberalised gambling rules.

The northern state, whose centre-right coalition government voted in favour of relaxing its gambling laws in September, said on Thursday that it had awarded three licences valid to 2018 - one to Betfair for sports betting, one to Germany's Jaxx AG and one to the state lottery.

Submitted by Guest on, May/03/2012

Mass Gambling Commission Hires Executive Once Accused of Sexual Assault of Young Boy

The state of Massachusetts is moving right along in its quest to expand legalized gambling, including on the Web.  But a recent hire by the state Gambling Commission has certainly raised some eyebrows.

Submitted by Jagajeet Chiba on, May/03/2012

Online Gambling Zealot Spencer Cleared in ‘Insider Trading’ Probe

Alabama GOP Representative Spencer Bachus was cleared of wrongdoing in a Congressional “insider trading” probe.

The investigation followed a “60 Minutes” segment where Bachus was said to have been engaging in insider trading and improperly profiting from the 2008 market meltdown.

The Office of Congressional Ethics unanimously dismissed all of the potential charges.

Submitted by Gilbert Horowitz on, May/02/2012

Playtech Drops Plans for Acquisitions

(Reuters) - Gaming software group Playtech said first quarter revenues doubled, helped by strong growth at its casino business, and that plans to shift its listing to London's main market were progressing well.

However, the group added that it was dropping plans to buy some social gaming assets owned by founder and Israeli billionaire Teddy Sagi, and would instead enter software license agreements.

Its plans for a deal with its top shareholder - Sagi still owns 48 percent of the company - were announced in April.

Submitted by Guest on, May/02/2012

iPoker Revenues Down in 1st Quarter Despite Gaining Number 2 Spot

While the iPoker Network has overtaken PartyPoker as the second most trafficked online poker room in the world over the past month, its 1st quarter revenues fell slightly.  iPoker is owned by Israeli-based Playtech. 

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The poker business made €5.3 million compared to to €5.7 during the same period last year. 

Submitted by Aaron Goldstein on, May/02/2012

IGT Poker Suffering the Blues in Wake of Purple Lounge Sudden Shutdown

The abrupt shutdown of the Purple Lounge online casino and poker room has left the IGT Poker Network in a quagmire. 

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IGT Poker (formerly Entraction Network) lost 8 percent of its traffic for the week, according to the traffic monitoring website of PokerScout.com.

Submitted by Nagesh Rath on, May/01/2012

Caesars Sees Deep 1st Quarter Losses

LAS VEGAS (AP) - Casino operator Caesars Entertainment Corp. said Tuesday that its first-quarter net loss widened as the company faced costs from a previously halted property development in Mississippi.

The net loss for the quarter ended March 31 widened to $280.6 million, or $2.24 per share, from a loss of $147.5 million, or $1.18 per share.

Income from operations fell 65 percent $138 million, mainly due to the $172 million charge related to the halted Biloxi, Miss., project That was partly offset by a gain of $45.8 million from paying down debt early.

Submitted by Guest on, May/01/2012

MSN Money: Online Gambling Could Take Zynga to the Next Level

This week it was revealed that Zynga’s monthly active user base had expanded to 292 million, up 24 percent from this time last year, while revenues climbed 32 percent year over year to $321 million.    LastManStanding_125x125.gif

But the real future of Zynga could be tied into the legality of online gambling. 

Submitted by Aaron Goldstein on, May/01/2012

Antigua, USA Play ‘Blame Game’ in Online Gambling Dispute

In a letter presented to the World Trade Organization Dispute Settlement Body (DSB) last week, Antigua accused the US Government of failing to “observe its international obligations in good faith and with due consideration for the rights of Antigua & Barbuda” as it relates to the island nation’s online gambling industry. 

Submitted by Gilbert Horowitz on, Apr/30/2012

Horse Racing Gambling Bill Passes in Minnesota House: More Poker Tables, Higher Limits

Minnesota lawmakers on Monday passed a bill in the House that would allow for more poker tables at horse racing tracks along with higher limits while giving tribal casinos access to racing simulcasts. 

The bill, which surfaced over the weekend, passed with a vote of 97-34.

The bill's passage marks a rare moment of unity among the American Indian tribes and race track owners, who have long split over state gambling policy, according to the Associated Press. 

Submitted by Aaron Goldstein on, Apr/30/2012

Public ‘Misled’ Over New York Racing Association Overcharges

The Racing and Wagering Board on Monday released a report that paints New York Racing Association President Charles Hayward as “willfully allowing the take-out violation to continue after it was brought to the NYRA’s attention”. 

Submitted by Gilbert Horowitz on, Apr/30/2012

Purple Lounge Online Poker, Casino Abrupt Weekend Closure Follows Salacious Florida Arrest

No word yet on the reasons behind the abrupt closure of UK-based Purple Lounge, an online poker room and casino operated by Media Corporation (not to be confused with the Rupert Murdock publishing empire).  Customers were not provided with any prior warning as to the shutdown.  Players had experienced slow payouts in recent months despite Purple Lounge’s operation within a mostly Web poker-friendly environment.  Purple Lounge had not accepted business from US players. 

Submitted by Ace King on, Apr/30/2012

Two Alleged Mobsters Captured in Newark: Operated Illegal Gambling Business

Two alleged members of a Philadelphia organized crime syndicate have been arrested in Newark, New Jersey.

Joseph Licata, 70, of Florham Park, and Louis Fazzini, 45, of Caldwell, were apprehended on Thursday and charged with racketeering.

Submitted by Gilbert Horowitz on, Apr/27/2012

Federal Bills Introduced to Overturn Sports Betting Ban

Rep. Frank LoBiondo (R-NJ 2nd) and Rep. Frank Pallone, Jr. (D-NJ 6th) have asked members of the US House of Representatives to support two bills introduced to roll back the Federal ban on expanded state-licensed sports betting.

Submitted by Guest on, Apr/27/2012

Roberto Luongo May Have to Endorse British Columbia Lottery Corp. From Tampa Bay

The British Columbia Lottery Corp. is staying mum about the prospects of its spokesperson, the Vancouver Canucks Robero Luongo, being traded to another team.  Rumors are Luongo could end up in either Toronto or Tampa Bay.

Submitted by Aaron Goldstein on, Apr/26/2012

Galaxy Plans $2.1B Macau Casino Expansion

HONG KONG (Associated Press) — Galaxy Entertainment Group plans to double the size of its flagship Macau casino in a $2.1 billion expansion as it seeks to win over more customers in the world’s biggest gambling market.

The Hong Kong company said it has already started construction of the second phase of its Galaxy Macau casino complex, which opened last year in the Cotai district.

Submitted by Guest on, Apr/26/2012

Jenny Woo’s C-Section Shocker

The birth of Lily Christiana Woo on April 15 may not have been a miracle after all, at least not as it pertains to the coincidental timing.  It all depends on how you cut it (no pun intended).

Gambling911.com Senior International Correspondent Jenny Woo revealed on Wednesday that she had deliberately scheduled to have a c-section birth on April 15, 2012 to commemorate the one-year anniversary of “Black Friday”. 

Submitted by Jagajeet Chiba on, Apr/25/2012

50 Cent Gambling Game to Debut Soon on Facebook

Rapper 50 Cent, noted for his penchant for placing big wagers on the Super Bowl, is set to launch his own gambling game on Facebook. 

The Blackjack game is in conjunction with Game Show Network Digital and, essentially, 50 Cent will have his own virtual casino, minus the money.   

Submitted by Aaron Goldstein on, Apr/24/2012

Sports Betting Gains Ground in California

A measure to legalize sports betting in the state of California moved forward in the legislature but could be all for naught. 

A bill was approved unanimously by the state Senate Governmental Organization Committee on its way toward the Senate floor, but sports betting won’t happen in the state until it is approved at the federal level and this is highly unlikely to occur any time soon. 

Submitted by Gilbert Horowitz on, Apr/24/2012

Online Gambling Payment Processor to be Sentenced May 29th

Don Hellinger, who processed payments for a number of online gambling companies during the years 2005 and 2006 is scheduled for sentencing on May 29th on unrelated charges.  It is not immediately known how long a sentence Hellinger will receive. 

Hellinger was charged with the illegal distribution of over $40 million in Internet gambling winnings during the years 2005 and 2006 through a money transfer company, Payment Processing, Inc.  His connection to online gambling only came about after a grand jury investigation into other alleged illicit activity.

Submitted by C Costigan on, Apr/24/2012

888 Revenue Up 25 Percent in 1st Quarter 2012

(Reuters) - British online gaming company 888 Holdings said first-quarter revenue rose 25 percent as more people opted to use their services and gamble online amid an economic slowdown.

The company had 11.3 million casino, poker and sport real money registered customer accounts as on March 31, an increase of 23 percent from a year earlier.

888's consumer segment revenue rose 29 percent to $83 million (51 million pounds) in the first quarter, boosted by its casino and poker brands, the company said in a statement.

Submitted by Guest on, Apr/24/2012

Sports Betting Online: El Clasico, Red Wings Facing Elimination, Kendall Wright Browns Odds

Here are the latest sports betting online updates for the afternoon hours of Friday, April 20, 2012 that include the current El Clasico odds, Kendall Wright NFL Draft props and more….

At Sportsbook.com:  (see site for FREE CASH bonus when joining)

Submitted by Carrie Stroup on, Apr/20/2012

Foxwoods CEO: Competition May Spur Online Gambling

(Associated Press) - - The chief executive of Foxwoods Resort Casino says rising competition is forcing the Indian-run casino in eastern Connecticut to consider online gambling and other changes.

Scott Butera, in an online discussion Thursday with The Day of New London, said supply in the casino business is clearly outpacing demand. Gambling has been legalized in Massachusetts, though casinos are not expected to open for a few years. Casinos in New York also are taking a greater share of the market.

Submitted by Guest on, Apr/19/2012

Betsson Acquires Nordicbet

Betsson AB (publ) today announced that it has signed an agreement to acquire substantial parts of the business of Nordic Gaming Group plc, which is the owner of the NordicBet, TrioBet and Tobet gaming operations. Once the transaction is approved by competent regulatory bodies, the acquisition will be finalized in the end of second quarter 2012.

Betsson is one of the largest Scandinavian online gambling firms offering a wide range of first-class online gambling products and games in a safe and user-friendly gaming environment.

Submitted by Aaron Goldstein on, Apr/18/2012

EU Commission Online Gambling Manifesto Too Little, Too Late

While the European Gaming and Betting Association has published a manifesto for a sustainable EU policy for online gambling, countries like Belgium and the Netherlands continue to engage in their own policy of quashing foreign competition, including that from neighboring European Union countries.

Submitted by Aaron Goldstein on, Apr/18/2012

Breaking News

If US Election Result is Reversed, Clinton Bettors Out of Luck

William Hill says Trump bettors can keep winnings, but implies it won’t pay those who wagered on Hillary

Philippines Gambling Czar on the Lam, Fears Duterte Police Squads

Philippines Gambling Czar on the Lam, Fears Duterte Police Squads

The Philippines Department of Justice has issued a “Be on the Lookout” bulletin for Macau casino tycoon Yin Lok Lam, better known as Jack Lam.  The Government has revoked his investor’s visa.  

Regulators Look at Possible Impact of Legalized Marijuana on Casino Sector

Gambling regulators in Massachusetts are looking into the possible impact of legalized marijuana on the state’s emerging casino industry.