Gambling
Italy Seizes Assets Worth $2.95 Billion Belonging to the Mafia
Italian police have seized assets worth up to $2.95 billion said to belong to organized crime in the latest sting against The 'Ndrangheta.
Italy’s most powerful crime syndicate controls much of Europe’s cocaine trade, more than 1500 betting shops, 82 online gambling sites and some 60 other companies engaging in so-called “sin industries”. Profits from the trade, which is worth billions, were laundered through the gambling empire.
Lawsuit Says NFL Threatened Players Planning to Attend Fantasy-Themed Event
DALLAS — (Associated Press) - A company partly owned by Tony Romo sued the NFL on Tuesday over a canceled fantasy football event in Las Vegas that was to involve the Dallas quarterback and other star players.
The Fan Expo LLC alleged in a lawsuit filed in Dallas County that the league intimidated players with threats of fines and suspensions if they attended what the NFL said was a gambling-related event because it was to be held at a facility associated with a casino.
Live In-Play Betting Concept Coming to Daily Fantasy Via Boom Shakalaka
A start-up in the world of Daily Fantasy Sports with a cool sounding name, Boom Shakalaka, hopes to capitalize on a concept that now accounts for over half the amount of volume at some online sportsbooks.
China Feared Sheldon Adelson Casinos Used by CIA to Snare Officials
A report, uncovered by the Investigative Reporting Program at the University of California, Berkeley, suggests the CIA was using Macau casinos, including those owned by billionaire casino magnate Sheldon Adelson, to entrap Chinese officials who may have been gambling with public money.
Run a Daily Fantasy Sports Site in States Where it is Illegal: Tax Free to Boot
Gambling911.com would never encourage its readers to engage in illegal acts such as circumventing local state laws or avoid paying taxes. But what if we told you there is indeed a way to operate a Daily Fantasy Sports website in one of a handful of states where the activity is not permitted, all while paying zero money in taxes?
Shocking Discovery: US Justice Dept, NFL Say Sports Betting is Skill-Based
ESPN has uncovered court documents revealing opinions by both the U.S. Justice Department and the NFL that sports betting is more a game of skill than chance, an important legal distinction that could shape the expanded legalization of wagering on American sports. Skill-based contests are also more likely to be permitted under U.S. law.
‘Dead Trigger 2: eSports Tournament’ Offers Gambling Element
Cashplay and Gamblified have teamed up to introduce zombie-laced “Dead Trigger 2: eSports Tournament”, allowing players globally to compete for real money prizes.
“Dead Trigger 2: eSports Tournament” has opponents attempting to survive and killing off as many zombies as possible.
Bwin.Party Bidding War Not Over as GVC Considers New Takeover Bid
(Reuters) - Online gambling firm GVC Holdings Plc (GVC.L) could make another attempt to buy peer Bwin.party Digital Entertainment (BPTY.L), just days after Bwin accepted a 900 million pound offer from 888 Holdings Plc (888.L).
GVC said on Tuesday it was considering its options regarding Bwin, but there was no certainty it would make a new offer.
Indiana Seniors Warned: No More Betting to Win Toilet Paper, Cookies
MUNCIE, Ind. — (Associated Press) - An Indiana senior center has stopped offering prizes like cookies and toilet paper in euchre card games in which residents paid a few dollars to play after state officials warned them the practice constituted gambling.
Unibet to Attend First Ever Daily Fantasy Sports Expo: Will Other Euros Follow?
It’s been widely speculated that the European online gambling firms will be the next serious players in what is becoming an already saturated market sector: Daily Fantasy Sports.
‘Britain at the Bookies’ to Showcase Coral Bookmaking Staff and ‘Degenerate’ Gamblers
A three-part documentary entitled “Britain at the Bookies” is set to air Monday evening (20 July, 2015: 21:00) on BBC. The film documents every day life behind the scenes at Coral, one of the United Kingdom’s largest bookmaking firms.
Cincinnati Horseshoe Casino Employees Indicted for Cheating
Three former casino workers at the Cincinnati Horseshoe were indicted this past week for alleged cheating.
Michigan Appeals Court Affirms Convictions of Siblings Accused of Cheating Casino
Detroit — (Associated Press) - The ball landed on 14 for a big winning bet. But the court case? Snake eyes.
The Michigan appeals court has affirmed the convictions of a brother and sister who were accused of cheating at roulette at the Motor City Casino in Detroit.
James Countryman was working as a dealer in 2012 when his sister, India Countryman, suddenly won $4,700. But investigators said surveillance video shows her bet was placed after the ball landed on red 14.
The siblings denied any wrongdoing.
Daily Fantasy Sports Sites: What Investors and Venture Capitalists Need to Know
In conjunction with your sister site DFS911.com, Gambling911.com is working to create the most authoritative, comprehensive and updated Daily Fantasy Sports review section for potential investors and venture capitalists along with would be business men and women hoping to dive feet first into this highly competitive industry.
Bwin.party Sees Shares Skyrocket Friday Following Blockbuster Deal
Shares in Bwin.party Digital Entertainment were up following Friday’s confirmation that 888 Holdings had agreed to buy the stock in a cash and stock deal worth around £898.3m, beating a rival offer from GVC.
The news of the sale was all but certain after the Financial Times and Gambling911.com received notice from key people within the organizations on Thursday afternoon.
Jason Ader, a major shareholder of the company, and New York based hedge-fund owner issued the following statement to Gambling911.com earlier Friday:
Investor Jason Ader Issues Statement re: Bwin.Party 888 Deal
It’s official as Gambling911 told our readers yesterday. Online gambling company 888 Holdings will take over rival Bwin.party in a cash and stock deal valued at about £898m.
Jason Ader, a major shareholder of the company, and New York based hedge-fund owner issued the following statement today:
Judge Keeps Legal Doc Sealed in Case That May Tie Sands Corp to Organized Crime
LAS VEGAS (Associated Press) — A Nevada judge is keeping sealed a legal exhibit that a newspaper, a union and a Washington, DC-based advocacy group sought to make public in a closely-watched wrongful termination case against casino company Las Vegas Sands Corp., Sands China Ltd. and the companies' chairman Sheldon Adelson.
Guardian News & Media, the Campaign for Accountability and union Unite Here argued Thursday the public should see the exhibit the groups say may tie the companies to organized crime in Asia.
Most Daily Fantasy Sports Sites Will Fail, Says Early Industry Investor
One of the earliest investors on the Daily Fantasy Sports scene - a man who pumped money into what would eventually become the 3rd largest DFS site DraftDay - says he’s been approached by no fewer than two dozen would be Daily Fantasy site operators.
“It’s my opinion that they will all fail,” says Ezra Galton, Senior Associate at Chicago Ventures.
Why?
Bwin.Party to be Purchased by 888: G911 Profiled Investor Plays Key Role
Today’s Financial Times reports that “888 close to victory in £900m Bwin bid battle.” A deal is expected to be announced in the next few days – or sooner.
Switching From One Pay Per Head to Another: How Easy is the Transition?
AcePerHead understands that many bookies and agents become disenchanted with their current Pay Per Head service and are looking to switch to another PPH.
Sheldon Adelson Rallies More Support for Anti-Online Gambling Bill
Gambling magnate and GOP mega donor Sheldon Adelson has aligned himself with a few more politicians to support his legislation that would ban most forms of online gambling, including poker, at the federal level.
Adelson’s measure, Restore America’s Wire Act or RAWA for short, was co-authored by South Carolina Republican Senator and US Presidential candidate Lindsey Graham and Utah Republican Representative Jason Chaffetz.
Avoiding Legal Trouble with Pay Per Head Solutions
Sports betting in the United States is a billion dollar industry, but other than in the state of Nevada it also has some serious legal challenges especially when it comes to the actual financial transactions in the act of taking bets.
‘Crack Cocaine’ Gambling Machine Max Rejected by UK Government
The UK government has rejected efforts to reduce the maximum bet on fixed-odds betting terminals cut from £100 to £2.
Newham Council, which led the campaign, said the move would help prevent clusters of betting shops, particularly in deprived areas, according to the BBC.
But the government says it has already instituted strict controls for which most of the large bookmaking businesses have objected to…and with good reason.
Draft Ops Review: Daily Fantasy Sports Site Makes Deal With Barclays Center
Gambilng911.com has your Draft Ops review for those looking to potentially invest in the fast growing Daily Fantasy Sports sector or simply searching for an alternative to DraftKings or FanDuel.
This is a company that seems to have some serious ambitions after entering into a critical deal with Brooklyn’s Barclays Center in recent weeks. They had previously signed a deal with Bellator, the Mixed Martial product.
John Gotti Former Son-In-Law Arrested for Alleged ‘Large-Scale’ Car Theft
The former son-in-law of the late crime boss John Gotti has been taken into police custody for running an alleged “large-scale” car theft ring.
Pete Rose Makes Homecoming at All Star Game
CINCINNATI — (Associated Press) - Pete Rose came home for the All-Star Game and made a rare on-field appearance in the place where he’s still treated like a king.
The hits king was voted one of Cincinnati’s Franchise Four players as part of a Major League Baseball promotion. Rose and Hall of Famers Johnny Bench, Barry Larkin and Joe Morgan were introduced on the field at Great American Ball Park before the All-Star Game on Tuesday night.
Fox Sports, Fantasy Sports Network to Speak at Daily Fantasy Sports Expo
We are just three weeks away from the first ever Daily Fantasy Sports Expo in Miami Beach and Gambling911.com can now confirm that Fox Sports will be speaking.
Additionally, Mike Cardano, Business Development Administrator at the Fantasy Sports Network will speak on at the Daily Fantasy Sports Expo, taking place Aug 6-7, 2015 at the Miami Beach Convention Center. He will also moderate several panels.
What Are Price Per Head Agents? Are They The Same as Bookies?
The concept of a Price Per Head agent is essentially the same as a bookie and is only a question of semantics when you incorporate the PPH element.
Draftster Review –Daily Fantasy Sports Site Appears to be on Downward Spiral
Gambling911.com, covering the Daily Fantasy Sports sector along with its sister site DFS.com, offers its review of Draftster.com for those looking to potentially invest in this fast growing sector as well as those looking for an alternative to DraftKings or FanDuel.
AlphaStreak Review: Can We Trust This Daily Fantasy Sports Turnkey Solution?
If you are looking for information on AlphaStreak “The Game Plan”, a new Daily Fantasy Sports turnkey solution, be sure to check out the latest updates at Gambling911.com sister site DFS911.com (Review Section coming soon).
The good news: AlphaStreak is a member of the Fantasy Sports Trade Association.
