Gambling
Ifrah Reacts to Professional Leagues Attempt to Block NJ Sports Betting Law
According to well-known sports betting attorney Jeff Ifrah, the lawsuit by the NFL, NBA, MLB and NCAA seeking to block enforcement of the New Jersey Sports Wagering Law doesn’t make much sense.
11 Reputed Mobsters Arrested, Reaped Millions From Sports Betting, Loansharking
11 reputed mobsters from the New Jersey/New York area were arrested on Tuesday, charged with loansharking, sports gambling, unlicensed check-cashing and money laundering.
All but one of the individuals resided in New Jersey. The other was arrested in New York City. Each of the individuals is alleged to have connections to the Genovese crime family.
55 Percent of NJ Respondents: Sports Betting Would be Bad For AC
In a recent poll of New Jersey residents conducted by Rutgers-Eagleton it was discovered that only 7% of respondents had actually tried gambling on one of the state’s regulated online gambling sites and only 5% said the activity was good for Atlantic City’s troubled gambling industry.
23% said online gambling made no difference for Atlantic City, and 17% said they were not sure.
Breaking News: 11 Reputed Mobsters in New Jersey Arrested for Sports Betting, More
NEWARK, New Jersey — Eleven reputed members and associates of a major New York-based organized crime family are facing charges in New Jersey.
Acting state Attorney General John Hoffman will announce details of the arrests during a news conference in Newark Tuesday.
The attorney general's office alleges the suspects reaped millions of dollars through loansharking, sports gambling, unlicensed check-cashing and money laundering.
The news conference was taking place at 11:30 a.m.
Speaker Line-up Announced for 2014 Isle of Man eGaming Summit
KPMG Isle of Man has announced the speaker line-up for its fifth annual eGaming Summit, which includes major international industry experts as well as key representatives of the local eGaming cluster.
Latest Study Shows Parkinson’s Drug Causes Gambling, Hypersexuality
A new study seeks to further show that various Parkinson’s drugs side effects include compulsive gambling and an extreme sexual appetite.
Professional Leagues File to Stop Legalized Sports Betting in New Jersey
NEWARK, N.J. (AP) — The four major professional sports leagues and the NCAA filed papers in court Monday to stop New Jersey's plan to allow legal sports betting beginning this weekend, when gamblers could become the first in the nation outside Nevada to wager on single games.
Japan Casino Plan to be Delayed Further
TOKYO (Reuters) - Japan's plan to legalize casino gambling is likely to be delayed yet again, a senior official said, dealing a new blow to Prime Minister Shinzo Abe and a setback to operators anxious for the launch of Asia's next big gambling market.
Las Vegas Sands, Genting Singapore, MGM Resorts, Melco Crown Entertainment and others are waiting in the wings as potential investors in what analysts say is one of the world's biggest untapped markets, worth tens of billions of dollars a year.
Sportsbook Review – GTBets.com – Bonus Code
Gambling911.com has your sportsbook review for GTBets.com, also known as Game Time Bets. Please note that at this time the universal sportsbook bonus code of G911 cannot be applied at GTBets.com.
Chris Christie Signs New Jersey Sports Betting Bill Into Law
TRENTON, N.J. (Associated Press) — Gov. Chris Christie Friday signed legislation that could allow legal sports betting in New Jersey to move forward.
The measure is aimed at helping the state’s foundering casino and racetrack industries, and would partially repeal prohibitions against sports wagering in the state.
Man Charged for Telling Casino Worker He was ‘Gambling to Avoid Ebola-Stricken Wife’
A 60-year-old Cleveland man has been charged for telling a Horseshoe Casino employee that he was there gambling to avoid his wife for whom he claimed had the deadly Ebola disease.
From the Cleveland Plains Dealer:
Sports Betting Bill Approved by New Jersey Assembly
(Associated Press) - State lawmakers passed legislation Thursday that could allow legal sports betting in New Jersey to move forward.
The Assembly passed a measure that was overwhelmingly approved earlier this week in the state Senate. It’s aimed at helping the state’s foundering casino and racetrack industries, and would partially repeal prohibitions against sports wagering in the state.
Real Money Candy Crush Coming to NJ: Video Gaming Addiction Specialists Cringe
Candy Crush Saga is the uber popular social gaming platform that now rivals what Farmville had been a few years ago. And now Candy Crush is coming to Atlantic City to save the day. That resort town has lost more than a quarter of its land-based casinos in the past year as the gambling landscape continues to shift with the times.
EU Sues Sweden Over Online Gambling, Poker Laws
BRUSSELS (Reuters) - The European Commission started legal action against Sweden on Thursday for failing to change its rules on online betting and poker games which it said breach EU law on the free movement of services.
The European Union's executive referred Sweden to Europe's highest court in two separate cases related to its restriction of gambling license to domestic and state-owned operators only.
Las Vegas Sands Revenue Drops but Profit Grows
Las Vegas – (Associated Press) - International gambling destination Macau continued to pose a challenge for casino giant Las Vegas Sands Corp. in the third quarter.
But as high-roller gamblers eased back there, they shelled out at the company’s Marina Bay Sands resort in Singapore where the casino’s win-per-day climbed to $4.82 million.
The company also pointed to increased spending on entertainment, retail shops and hotel rooms beyond the casino floors.
Online Bookie Will Serve 2 Years Prison Time for Role in ‘Project Amethyst’
The head of an online sports betting ring has been sentenced to 2 years prison time in Ottawa.
Benedetto Manasseri, 50, took in $842,000 between February and July 2012, court documents claim.
Man Sentenced to Death for Double Murder had Gambling Addiction
An Indian man who committed a 2012 double murder in the US will be sentenced to death by the Montgomery County Court in Pennsylvania.
The 28-year-old IT professional, Raghunandan Yandamuri, was convicted of killing his Satyavathi Venna, 61, and her 10-month-old granddaughter, Saanvi Venna, in King of Prussia, Pennsylvania. Prosecutors claim the man plotted to kidnap the child for ransom to help pay for his gambling addiction.
How Bookies Settle Up With Customers: Why Tuesday
In the world of bookmaking, one often hears the term “settling up with customers”. What exactly does this mean for the bookie?
“Settle-up Day”, typically the Tuesday after Monday Night Football during the NFL season, is when all customers who are at or above their settle-up figure must be seen to zero their account. This is when you pay and collect, and it is usually the only time you see your customers face-to-face.
Guilderland Murders: First Motivation Passion, Second Gambling
Authorities continue to investigate last week’s quadruple murder of a family in their Guilderland, New York residence, alluding to the idea Monday that illegal gambling could have been a motive.
NJ Senate Approves Tax Incentive to Aid in Atlantic City Stability
(Associated Press) - The latest update of New Jersey’s corporate tax incentive programs includes a bid to get more help to Atlantic City, which has been hit hard by the recent closure of several boardwalk casinos.
The Gambler Starring Mark Wahlberg to Premiere at AFI Fest
The much-anticipated Mark Wahlberg film “The Gambler” is set to premier during the American Film Institute (AFI) Monday, November 10, 2014.
Already there is Oscar talk surrounding Wahlberg’s performance in which he dropped 60 pounds for the film project.
Wahlberg reprises the role of literature professor, Jim Bennett, whose gambling problems run him afoul of gangsters.
Atlantic City Casinos for Sale at Deep Discounted Prices
ATLANTIC CITY, N.J. (Associated Press) -- The meltdown of Atlantic City's casino market has created some stellar bargains for would-be purchasers of some of the city's biggest landmark properties. Here are a few of the recent discount sales:
Gambling May be at Center of Guilderland New York Quadruple Murder
Wednesday’s quadruple murder in Guilderland, New York may be tied to illegal gambling, authorities said this weekend.
Icahn Claims State Senator is ‘Selling Out Atlantic City’
ATLANTIC CITY - Carl Icahn accused New Jersey's Senate president of "selling out" Atlantic City by considering casinos near New York City, while the legislative leader said the state would not give the billionaire investor the tax breaks he is seeking.
Icahn responded Friday to stinging criticism by Stephen Sweeney (D., Gloucester) and others about Icahn's role in a proposed bailout of the struggling Trump Taj Mahal Casino Resort. Icahn said he would give the casino $100 million, but only in return for union givebacks and tax credits.
7,162 Chinese Officials Punished for Gambling Offenses
7162 Chinese government officials from more than 30 cities have been punished for offenses stemming from illegal gambling activities since the middle of 2013. East China’s Zhejiang and Guangdong in the south have reported the most cases, according to the Shanghai Daily.
Court Permits UK to Incorporate Gambling Controls , Licensing, Taxation
LONDON, Oct 10 (Reuters) - Britain's plans to bring licensing and taxation of online gambling companies under UK control got the green light on Friday when a court dismissed a legal challenge to the move.
Bookmakers with big British businesses including William Hill and Ladbrokes have based their online operations offshore in places like Gibraltar in order to take advantage of lower local taxes.
NBC Sports Builds Stronghold in Fantasy Sports Market With RotoGrinders Deal
NBC Sports is making serious inroads into the world of fantasy sports, this week announcing a partnership with Rotogrinders, the leader in fantasy content and website tools.
Mass Regulators See No Wrongdoing in Wynn Land Deal With Alleged Mobsters
BOSTON (Associated Press) — State gambling regulators say they see no wrongdoing by Wynn Resorts following last week’s arrests of three owners of land the company wants to develop into a casino.
The casino company ‘‘clearly’’ had no role in the wrongdoing, acting Massachusetts Gaming Commission Chairman James McHugh said Thursday following a briefing by the commission’s investigative staff and state police.
New Jersey Racetracks Form Regulatory Group to Embrace Sports Betting
OCEANPORT, New Jersey — (Associated Press) - A New Jersey racetrack has taken another step toward offering sports betting if it becomes legal in New Jersey.
Monmouth Park Racetrack announced Thursday it has formed a group to regulate sports betting at the track.
The track says the purpose of the Independent Sports Wagering Association is to ensure a secure and reliable wagering environment and to safeguard the integrity of the games being bet on.
Official say the group is modeled after organizations in the financial sector and real estate industry.
The Internet Gambling 21 Crew – Where Are They Now? Steve Budin Thriving in 2014
MIAMI -- A lot has changed in the Internet gambling industry since the last century.
Gambling online is now legal in a handful of states, with more states looking to join in every day.
Industry observers expect online gambling to be legal eventually in most if not all U.S. states.
