Gambling
250 Percent Hike in Gambling Addictions
One in every four people admitted to addiction treatment centers are specifically suffering from chronic online gambling, treatment providers have revealed.
Such is the case in Ireland where a 250 percent hike in such addictions has been observed over the past three years. Such behavior has been further fueled by the introduction of mobile and live in-play betting.
Feds: Owners of Wynn Land Concealed Mob Ties, Three Men Charged
BOSTON — (Associated Press) - Owners of the heavily polluted waterfront property that Wynn Resorts plans to develop into a $1.6 billion resort casino attempted to conceal the fact that a convicted felon and known mob associate was profiting from the land deal, according to federal and state grand jury indictments unsealed Thursday.
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Fantasy Sports, Live In-Play Wagering Helping to Boost Sports Betting
Fantasy Sports was a hot topic at this week’s Global Gaming Expo with daily leagues helping to fuel sports betting.
Joe Asher, CEO of William Hill, which operates sportsbooks in Las Vegas told those in attendance that “the business is very, very healthy”.
Adelson Blasts Internet Gambling at G2E Gaming Expo: Wants to Buy Meadowlands
LAS VEGAS (Associated Press) — Billionaire Sheldon Adelson repeated his distaste for Internet gambling during a talk Wednesday night at the G2E Global Gaming Expo in Las Vegas, saying there was no reason casinos should be in the pockets of every single American.
"You cannot know your customer on the Internet," he said. He posed a hypothetical situation involving a person of legal age signed in on a mobile device to an online game who then passed the device off to a minor.
Adelson is the CEO and chairman of the Sands Corp.
Former NFL Player Reche Caldwell Faces Up to 20 Years Prison in Gambling Probe
Former NFL player Reche Caldwell could face up to 20 years in prison for running an illegal gambling business. But that’s not all he’s in trouble for.
Caldwell, 35, was also charged in a scheme to distribute the drug “Molly”.
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Hard Rock Hotel and Casino Coming to Atlantic City?
The parent company of the famed Hard Rock Hotel and Casino is poised to enter the Atlantic City casino market.
The Hard Rock parent company, Toronto-based Brookfield US Holdings LLC, won a bankruptcy court auction for the failed Revel in Atlantic City on Wednesday and plans to re-open it as a casino.
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Michael Phelps DUI Arrest Follows 8 Hour Gambling Binge
Olympic gold medalist swimmer Michael Phelps has publicly apologized for a DUI arrest in Baltimore early morning Tuesday following a reported 8-hour gambling binge.
We May Now Know Who Killed Mobster Bugsy Siegel
The mystery behind mobster Bugsy Siegel’s 1947 murder may finally have been solved. Benjamin 'Bugsy' Siegel was shot dead in his girlfriend's home in June of that year.
The family of Siegel’s former best friend, Moe Sedway, has stepped forward claiming to know who was behind the murder and why they did it.
MONA Founder Makes Millions From Gambling: Now Calls It ‘Immoral’
David Walsh is the driving force behind MONA, the Museum of Old and New Art, reports Leigh Sales of the Australian Broadcasting Company (ABC).
And Walsh has also made millions from gambling over his lifetime.
Revel Casino Auction Ongoing Tuesday
ATLANTIC CITY (Associated Press) - A bankruptcy court auction for Revel, the failed luxury casino-hotel on the Atlantic City Boardwalk, is scheduled to resume.
An auction that began last Wednesday was suspended due to the approach of the Rosh Hashanah holiday. It will continue on Tuesday.
Revel has refused to reveal details of what has transpired so far.
NJ Sports Betting Bill II to be Introduced Thursday: Leagues Cry Foul
Just days ahead of New Jersey state senator Raymond Lesniak’s anticipated introduction of a new sports betting bill, the professional sports leagues have decided to sue the Garden State for Governor Chris Christie's decision to permit legalized sports wagering absent of any law.
The leagues won’t have any of this, however, claiming that New Jersey is in violation of the Professional and Amateur Sports Protection Act. ("PASPA").
Pro Leagues Pile on New Jersey to Stop Sports Betting
NEWARK, New Jersey — (Associated Press) - Four major professional sports leagues and the NCAA filed a court challenge to the state's latest attempt to offer legal sports gambling on Monday, calling the effort "astounding," ''specious" and a "blatant violation" of an earlier court order.
Belgium to Tax Poker Pros at 75 Percent
If you happen to be a professional poker player, you probably don’t want to be living in Belgium.
The European nation and home to the European Union has decided to tax poker pros at an astonishing 75%.
Belgium's financial portal tijd.be reports that authorities were looking to change the way in which taxes for poker players are calculated in the country.
From PokerNews.com:
Indiana State University Shooting Connected to Gambling, Man Arrested
A 21-year-old man has been arrested in connection to a weekend shooting at Indiana State University that left another individual wounded in his buttock.
Calvin McCauley of Indianapolis has been charged with attempted murder. Police say he and the victim knew each other.
ESPN Gambling Reporter Dave Tuley Talks Network’s Decision to Cover Sports Betting
If you've noticed an increased emphasis on sports gambling on ESPN this football season--both on television and on its website--you're not imagining things.
How to Bet on Sports – Parlay and Teaser Card Betting
BetDSI.com shows us how to bet on sports and, more specifically, how to make some serious money on parlay and teaser card betting.
Gambling Industry Paid Out $38 Billion for Taxes in 2013
LAS VEGAS (Associated Press) — The gambling industry nationwide paid out a jackpot-worthy $38 billion in federal, state and local taxes in 2013, according to a report from the American Gaming Association.
It's the first time the group has added tribal casinos, casino-game makers and some online gambling into the mix for its annual study of the industry's impact in the U.S. The Associated Press obtained a copy of the report's tax revenue figures before its release Tuesday.
Sportsbooks, Pay Per Heads See Few Disruptions With Telecommunications Overhaul
Sportsbook operators and Pay Per Head businesses breathed a collective sigh of relief Sunday morning following the conclusion of work on Costa Rica’s MAYA-1 submarine cable this weekend, one of three that provide cable service to the Central American nation. More than 85% of online sportsbooks and nearly 100% of Pay Per Heads serving the North American player base are headquartered in Costa Rica.
New Jersey Online Gambling Market Continues to Grow
Get the full run-down of the New Jersey online gambling industry since it first opened in November 2013.
So in case you’ve been living under a rock for the past year, online gambling has officially become legal in the state of New Jersey. Despite the struggling casino industry in Atlantic City, it seems that online betting in New Jersey has already taken off. Within just six weeks after the market opened back in November 2013, the online gambling industry generated $8.6 million.
Fortune Five Biggest Organized Crime Families in the World Revealed
The Fortune Five largest organized crime families have been revealed and, while cyber crime is all over the news these days, these organizations still practice the tried and true trades of sex, drugs, gambling and extortion.
From Fortune.com:
Indonesia Begins Caning Gays, Gamblers and Adulterers… Alcohol Drinkers Too
Those found to have had gay sex, get 100 lashes of the cane. Those charged with gambling, same punishment.
The gay sex provision was passed Saturday in the Indonesian province of Aceh. Men guilty of anal sex will receive the 100 lashes of the cane while women found to be rubbing their body parts together could face a similar punishment.
Casino Mogul Steve Wynn Sues ‘Short Seller’ Chanos for Slander
(Reuters) - Steve Wynn, the billionaire casino mogul, has filed a lawsuit accusing prominent short-seller Jim Chanos of slander over an alleged statement that Wynn violated a U.S. anti-bribery law.
Wynn, 72, and his company Wynn Resorts Ltd filed suit against Chanos, founder of New York-based hedge fund Kynikos Associates LP, in federal court in San Francisco.
FlowPlay Gaming Now Has Everything and the Girl!
Earlier this month, shorty after FlowPlay Inc.
Nevada Casino Revenue Down 4 Percent in August
State officials say Nevada gambling revenue was down nearly 4% in August compared with a year earlier, largely due to a drop in winnings on the Las Vegas Strip.
Nevada Gaming Control Board officials said Friday that casinos brought in $920 million in August, down from $955 million a year ago.
Revenue on the Las Vegas Strip was down 6% year-over-year to $553 million, while downtown revenue went up 4% to $35 million.
Reno gambling revenues were down 2% to $53 million.
Could Sports Betting Help PA Gov Get Re-Elected? State’s Top Pundit Weighs In
For decades, Pennsylvania residents have trekked to neighboring New Jersey to get their gambling fix.
Casinos lined the Boardwalk in Atlantic City, and a walk through any of the casino's parking garages revealed that half of the cars had Pennsylvania license plates.
The Keystone State, which had no casinos, was losing A LOT of revenue to the Garden State.
Ladbrokes Leaves Canada
The UK’s second largest online bookmaker, Ladbrokes, will be exiting the Canadian market, much to the dismay of Canadians.
Customers in Canada have 30 days to withdraw from their accounts as of September 24, 2014.
Ladbrokes apparently feared that their operating in Canada was considered “a grey area” withr egulators restricting online betting services to registered provincial lottery corporations in some provinces such as British Columbia.
Ladbrokes market share in Canada represented less than 0.5% of its business.
