Gambling
How Do Bookies Make Money? Online Casinos, Live Betting Help Pad Profit Margin
Bookies make money through smart money management and knowing how and when to move the lines. Most bookies – especially those with large client bases – utilize Price Per Head companies to do this for them.
City of Boston Claims Wynn Representatives Were Aware of Mob Association
(Associated Press) - Recently discovered interviews with at least five people show that Wynn Resorts knew that a mob associate with felony convictions would profit from his stake in the waterfront land where the Las Vegas casino giant plans to build a resort, the city of Boston argued in its latest court filings.
Unibet Buys Stan James Internet Business
Sweden-based Unibet has purchased betting firm Stan James’ online assets for approximately £19 million ($29 million). The sale does not include any of Stan James 90 bookmaking stores throughout the UK.
“We have long been looking at strengthening our position in the UK online market,” said Henrik Tjärnström, CEO Unibet. “Stan James as an operator is one of the most well-respected in the UK market with particular strengths in horse-racing and other British sports.”
Leon County Bookies, Pay Per Head Services
Leon County bookies and Pay Per Head services are everywhere despite the relatively low population. That’s because the county is home to one of the most College Football-centric schools in the nation, FSU.
Son of Former Genovese Crime Boss Sentenced to Over Two Years for Illegal Gambling
WHITE PLAINS, N.Y. (Associated Press) - A reputed mob member has been sentenced to just over 2 years in prison for running an illegal gambling business.
Daniel Pagano was also given three years of supervised release and ordered to pay a $5,000 fine when he was sentenced Friday in federal court in White Plains.
Havas Edge Loses DraftKings as Daily Fantasy Sports Site to Spend Six Times More
Out with the old and in with the new as ad agency Havas Edge will no longer be handling the spend for Daily Fantasy Sports juggernaut DraftKings.
Gambler Demands Big Tips Back After Losing Two Weeks Later: Threatens Staff
A “generous” gambler tipped the betting staff big after his huge windfall only to demand all the money back after suffering a significant loss two weeks later. He even threatened the staff at one point.
Police were called to the BetFred bookmaker shop in Manchester after being advised of the individual’s demands.
Twitter Universe Reacts to DraftKings Decision to Allow Automated Software
The reaction to Daily Fantasy Sports site DraftKings decision to allow high-volute players to utilize automated software tools had elicited quite a bit of discourse from Gambling911.com Twitter followers Friday.
A quick recap:
DraftKings has changed its policy as to now allow these high-volume multi-entry players the use of automated software tools. This allows said players – a minority on the site who tend to rake in the most cash – to enjoy a decisive edge when it comes to last minute roster changes and adverse weather situations.
Coachese68 tweeted:
DraftKings Now Permitting Automated Software Tools: Catching Flack From Players
A change in DraftKings policy allowing high-volume multi-entry players the use of automated software tools has not gone over well with the number two largest Daily Fantasy Sports site’s other customers.
From CalvinAyre.com:
Curfew for Crime Boss Tied to Two Homicides Relaxed As Wife is Set to Get New Kidney
Crime boss Rocco Arico has had his strict curfew relaxed from 9 pm to 6 am to 1 am to 5 am following news that his wife is about to undergo a kidney transplant.
Yahoo Launches Daily Fantasy Sports Site: Will Take on DraftKings, FanDuel
Yahoo, long a leader in the season-long Fantasy Sports space, began offering Daily Fantasy Sports contests effective Wednesday (July 9, 2015). Yahoo has now positioned itself to compete with DFS juggernauts DraftKings and FanDuel.com, both of which have partnered with professional sports leagues and franchises.
Yahoo will first offer Major League Baseball Daily Fantasy contests then will expand into other sports such as the NFL.
Breaking News: Vulcun, AlphaDraft eSports Fantasy Sites Confirmed for DFSE
(Gambling911.com Fantasy Sports Wire) - Two of the biggest names in eSports Fantasy Sports – Vulcun and AlphaDraft – have now confirmed they will be speaking at next month’s Daily Fantasy Sports Expo (DFSE) in Miami Beach (August 6-7).
Six Reps From CBS Sports Fantasy on Hand at Daily Fantasy Sports Expo
(Gambling911.com Fantasy Sports Wire) - Jeffrey Koors, Manager of Project Management for Fantasy Products at CBS Sports will speak on project management as it applies to Daily Fantasy Sports affiliate programs. The session will be at the Daily Fantasy Sports Expo, taking place Aug 6-7, 2015 at the Miami Beach Convention Center.
Gambino Crime Family Captain Appeals Guilty Verdict in Murder Over Spilled Drink
A Gambino crime family captain convicted in 2013 for the murder of two bar owners over a spilled drink is appealing the guilty verdict.
Bartolomeo “Bobby Glasses” Vernace was convicted of racketeering conspiracy spanning 1978 through 2011. Charges included heroin trafficking, robbery, loansharking, illegal gambling and the 1981 double homicide of bar owners Richard Godkin and John D’Agnese.
Italian Authorities Seize $1.7 Billion in Real Life ‘Godfather’ Case
Italian authorities have taken control of $1.76 billion from a Sicilian construction company believed to have ties to organized crime in Corleone.
The Corleone name became synonymous with the Italian Mafia thanks to the Francis Ford Coppola classic film “The Godfather” and its two sequels.
Unlike the “Godfather” fictional Coleones, the real-life Mafia family appears less interested in gambling enterprises and more interested in winning contracts of – drum roll please – honest businessmen.
Phil Mickelson Comments on Money Laundering Allegations… Sort of
GULLANE, Scotland (Associated Press) — Five-time major champion Phil Mickelson refused to comment on allegations linking him to an illegal gambling operation, saying Wednesday he is used to being an "object to be discussed."
Forbes: Why Daily Fantasy Sports is Taking Over
Forbes.com on Wednesday featured a piece on why Daily Fantasy Sports is taking over, and it sure seems that way.
Man Accused of Cheating at Poker Game Now Charged With Murdering Accuser
A Minnesota man accused of cheating during a poker game Thursday night has now been charged with murder.
Police were called to the scene of Willy’s Bar in Coon Rapids around 12:41 am Thursday after a reported shooting. 29-year-old Rayontra Raydell McCall was found with gunshot wounds to his hand and chest. McCall was transported to Mercy Hospital where he later died.
New Jersey Online Gambling Sites Hit by Cyber Attack: Bitcoin Ransom Demanded
New Jersey online gambling sites are not immune to cyber attacks that have long plagued offshore wagering companies and those based out of Europe. That was demonstrated this past weekend after four of the state’s Web casino sites were hit.
Man Who Blew Up Home Over Gambling Debts Wanted to Buy Ferrari Afterwards
SOUTH BEND, Ind. (Associated Press) — A man accused of blowing up his Indianapolis home for the insurance money, killing two neighbors and devastating a neighborhood in the process, told a former friend some days before the explosion that his house had blown up and that he wanted to buy a luxury car, the ex-friend testified Monday.
Mark Duckworth said Mark Leonard told him that strong winds had caused the explosion, but that the story didn't ring true.
What’s an Overlay in Daily Fantasy Sports Contests?
Occasionally you may come across Daily Fantasy Sports sites touting so-called “Overlay Alerts” in promoting one of their many contests.
An overlay in Daily Fantasy Sports is the difference between the total guaranteed prize pool being offered by a website and the actual number of paid entries. Said site has to put the money into the prize pool itself to make up for the difference.
Poker Players Continue to be Questioned in Slain Tycoon’s Death
Four poker players who remain suspects in the murder of a wealthy nightclub owner have been brought back for questioning.
The individuals reportedly owed a Bt4-million gambling debt to Thai tycoon Somyot Suthangkool.
The suspect list is not limited to just these poker players, however. Somyot's office had been handling 10 lawsuits, most of which were drug-related.
Women’s World Cup Final Costs Sportsbook a Fortune: Handle More than Doubled
Okay so Sportsbook.ag got slaughtered by Sunday’s Women’s World Cup Final, but the numbers still left a lasting impression.
Atlanta Could be Getting its First Casino
MGM Grand has its sights set on building a casino in downtown Atlanta.
Clark Dumont, a spokesperson for the company, confirmed to FOX 5 News that they have a "extremely preliminary" interest in developing a property in the downtown area.
"We have no active discussions on any sites," he said via e-mail. "The legislative and voter deliberation and voting process, for which we have deep respect, need to occur first."
PlayMLF.com to Become 360FantasyLive.com
Recently acquired PlayMLF.com is soon to be rebranded as 360FantasyLive.com.
'Crack Cocaine' Machines Help Make Bookies £1.6bn
Try as they might, those opposed to the so-called “crack cocaine of gambling fixed-odds betting terminals in the UK have had little luck getting rid of the machines….and with good reason.
Tory MP Zac Goldsmith Backed Bookie Fitzdares Limited Near Going Bust
An upstart bookie firm baked by Tory MP Zac Goldsmith is on the verge of going bust after losing £115,000 in the 12 months to June 30 last year.
Investigation to be Launched Into Bet365 Skirting Around Live Betting Law
The online sports betting site Bet365 is forbidden from taking live bets over the Internet but that hasn’t stopped them from doing so using an interesting loophole, one that could ultimately get them into hot water.
The restrictions are in place in Australia.
Police Chief Blows Funds From DEA Gambling at Casino: Faces Charges
WASHINGTON, Pennsylvania — (Associated Press) - A police chief who resigned after nearly 40 years as an officer in a southwestern Pennsylvania township faces an October non-jury trial on charges he blew $10,000 from a federal Drug Enforcement Administration fund at a casino.
Former Cecil Township chief John Pushak waived his right to be tried by a jury at a pretrial conference Thursday in Washington County, where he's now scheduled to stand trial starting Oct. 1.
Feds Won’t Appeal Poker Pro Paul Phua Gambling Case After Rights Violation
Federal prosecutors have confirmed they will not be appealing a judge’s dismissal of an illegal gambling case against wealthy businessman Paul Phua. Daniel Bogden, Nevada U.S. Attorney, confirmed this news to the Las Vegas Review Journal on Thursday.
