Gambling

Amaya Gaming Looks to Calm PokerStars Acquisition Rumors

Amaya Gaming’s share price rose 5% on rumors that it was in pursuit of a possible acquisition.  The main target appears to be the world’s largest online poker room, PokerStars. Such a move would allow Stars to re-enter the US market on a clean slate.  

The company was forced to issue a response Monday afternoon.

Submitted by Aaron Goldstein on, May/26/2014

Slump in Online Gambling Adds to Christie’s Budget Woes

Bloomberg News on Monday evening reported what was already widely known throughout the gambling sector, that New Jersey has failed to meet its early expectations when it comes to their newly rolled out Internet gambling sector.  Even some operators are stepping forward to say it’s been a complete disaster up to this point.  

Brian Mattingley, chief executive officer of London- based 888, said in a telephone interview with Bloomberg News this weekend, “We are absolutely shocked by the slowness of the (New Jersey online gambling) market.”

Submitted by Aaron Goldstein on, May/26/2014

Hard Rock Casino Ban of Ben Affleck Could Prove to be Big Mistake

Professional gambler and Pittsburgh Gazette columnist Mark Gruetze believes that the Las Vegas Hard Rock Casino’s recent decision to ban Hollywood actor Ben Affleck from playing blackjack in their establishment could backfire.

Submitted by Jordan Bach on, May/26/2014

Gulfstream Park's Rainbow Pick Six Pays Out $6.7 Million

HALLANDALE BEACH, Fla. (Associated Press) — Gulfstream Park got its Rainbow 6 record, a day early.

The track says only one player correctly picked all six winners needed to cash the bet on Sunday, a day before Gulfstream officials were expecting to pay out what would have been a massive wagering pool on the exotic ticket.

The winning payout Sunday was $6,678,939.12.

Submitted by Associated Press on, May/25/2014

888.com CEO on Internet Gambling in NJ: ‘We Are Absolutely Shocked by Slowness'

Brian Mattingley, chief executive officer of London- based 888, said in a telephone interview with Bloomberg News this weekend, “We are absolutely shocked by the slowness of the (New Jersey online gambling) market.”

And he’s not the only one.

New Jersey casinos are in the process of shifting their marketing focus from poker to the online casino, which traditionally has been the cash cow for internationally based Web betting firms.

Submitted by Aaron Goldstein on, May/24/2014

Racketeering Law Does Not Cover Online Gambling Losses in Arizona

PHOENIX (Associated Press) — A state court decision says people who voluntarily engage in online gambling can't use Arizona's anti-racketeering law to sue websites' operators to recover gambling losses.

The state Court of Appeals decision issued Thursday upholds a Maricopa County Superior Court judge's ruling against a man who had sued several operators of gambling websites after he lost $800,000.

The man's lawsuit alleged that the websites were an enterprise engaged in civil racketeering.

Submitted by Associated Press on, May/23/2014

American Gaming Association Drops Support for Online Gambling in US

American Gaming Association chief executive Geoff Freeman said in an interview with the Wall Street Journal Wednesday that his Las Vegas-based organization will no longer support legalization of online gambling in the US, citing a nasty split between casino operators on both sides of the issue.

"One of the things I've learned in this industry is we are extraordinarily competent at shooting at one another," he said. "The snipers in this industry are of the highest quality, and if you let that be the focus, we'll kill each other."

Submitted by Ace King on, May/23/2014

Sheldon Adelson Insists He is Not Retiring: Right Hand to Step Down

80-year-old Las Vegas Sands Corp CEO Sheldon Adelson has dispelled rumors that he will be retiring any time soon following in the steps of 76-year-old President and COO Michael A. Leven, who announced his retirement this week.

Submitted by Aaron Goldstein on, May/23/2014

Online Bet Startup Costs Shrink AC Casino Earnings

ATLANTIC CITY, N.J. (Associated Press) - Startup costs associated with Internet gambling, and the closure of one casino in January lowered Atlantic City's casino earnings by 8.4 percent in the first quarter of this year compared to the same period in 2013.

Figures released Thursday by the state Division of Gaming Enforcement showed the casinos had a gross operating profit of $38.7 million.

Submitted by Associated Press on, May/22/2014

Las Vegas Casino Strike Planned to Begin June 1

LAS VEGAS (Associated Press) - Hotel workers and bartenders plan to strike at nine downtown Las Vegas casinos next month if contracts aren't reached, labor leaders announced Wednesday.

Officials with the Culinary and Bartenders unions said employees are prepared to walk off the job at 5 a.m. June 1 at The D, Four Queens, Fremont, Main Street Station, El Cortez, Binion's, Golden Gate, The Plaza, and Las Vegas Club.

Submitted by Associated Press on, May/22/2014

Breaking News: Jason Ader, Spring Owl Group Wins Settlement Deal With Bwin.Party

Gambling911.com – May 22, 2014 at 6:49 am EDT - Agreement with SpringOwl: Further to the Company’s announcement on 16 May 2014, concerning planned changes  to the composition of the Board, bwin.party announces that it has agreed to work  closely with SpringOwl on the appointment of its new directors and confirms its  agreement to consider Michael Fertik, one of SpringOwl’s nominees, as a  potential candidate. 

Submitted by C Costigan on, May/22/2014

Internet Gambling Attorney Sees Legal Online Gambling Coming to All 50 States

Stuart Slotnick Says It’s a “Good Revenue Model”

Submitted by Thomas Somach on, May/21/2014

Did Floyd Mayweather Jr. Bet $5 Million on the Spurs Wednesday Night?

Vegas Gambling Steam is reporting that boxer Floyd Mayweather, Jr. laid down $5 million on the San Antonio Spurs to cover the spread in their Game 2 NBA Playoffs game against the Oklahoma City Thunder.

Submitted by Don Shapiro on, May/21/2014

NJ Sports Betting Suit has Far Reaching Implications: Other States Offer Support

Last week, the U.S. Department of Justice (“DOJ”) and the four major professional sports leagues, as well as the National Collegiate Athletic Association (“leagues”), filed their long awaited response to New Jersey’s petition to the U.S. Supreme Court to hear their appeal regarding the state’s sports betting law. This decision has far reaching implications for the future of sports betting in the United States.  

Submitted by C Costigan on, May/21/2014

Man Driving to Collect Gambling Debt Goes Missing: No Show at Daughter’s Wedding

Police in Texas are investigating the disappearance of William P. Abel, 39, who was reported missing after he failed to show up for his daughter’s wedding the next day.  Abel was to walk his daughter down the aisle.

Submitted by Jagajeet Chiba on, May/21/2014

National Governors Association Sends Letter in Opposition to Web Gambling Ban

The National Governors Association on Tuesday submitted a letter in opposition to a bill that would outlaw online gambling on the federal level (a copy of which appears below).

The letter was sent to both majority leaders in the House and Senate along with the minority leaders.

The bill to ban nearly all forms of Internet gambling except fantasy sports and horse racing was introduced by South Carolina Senator Lindsey Graham (R-SC) and Republican Rep. Jason Chaffetz of Utah.  A handful of politicians from both sides of the aisle have come out in support of the measure.

Submitted by Gilbert Horowitz on, May/20/2014

Hard Rock Mulls Over Possible Purchase of Atlantic City Revel Hotel

(Associated Press) - The president of the Seminole Indians' Hard Rock franchise says the company would consider buying Atlantic City's Revel Casino if the price were right.

Revel, Atlantic City's newest casino, is seeking a buyer or a partner for a joint venture.

Florida-based Hard Rock has been a long-rumored suitor for Revel and made preliminary inquiries earlier this year to New Jersey casino regulators about what license it would need if it pursued Revel.

Submitted by Associated Press on, May/20/2014

NJ Bill Would Require Online Gambling Processors to Get 'Stricter' License

ATLANTIC CITY, New Jersey — (Associated Press) - New Jersey wants to subject companies that handle Internet gambling deposits and payments to stricter licensing requirements, in the hope it will make banks more willing to allow the use of credit cards to fund online betting accounts.

The reluctance of banks to allow credit card use to fund accounts is one of the main things holding back the growth of New Jersey's new Internet gambling industry.

Submitted by Associated Press on, May/20/2014

Lesniak to Introduce Sports Betting Bill in NJ Despite Court Losses

State Sen. Ray Lesniak (D-Union) announced plans to unveil new legislation that would permit legalized sports betting at the state’s racetracks and casinos, threatening to call the bluff of the federal government regarding sports wagering.

Submitted by Gilbert Horowitz on, May/19/2014

Bwin.Party Executives Acquitted in French Court

Bwin.party chief executive Norbert Teufelberger and the former co-CEO of bwin Manfred Bodner were acquitted in a French court on charges of violating Internet gambling laws in that country. 

Submitted by Aaron Goldstein on, May/19/2014

New Jersey Attorney General Denies Access to Online Gambling Affiliates

Online gambling affiliates, some of whom had already obtained their vendor licenses in the state of New Jersey, were dealt a serious blow by that state’s Attorney General last week.  But it is actually the casinos themselves that will feel the most pain.

New Jersey Assistant Attorney General George N. Rover informed those affiliates of state licensed online casinos that they would be restricted from directly targeting NJ residents or visitors unless they removed all links and banners from offshore gambling sites still conducting business in the state.

Submitted by Ace King on, May/19/2014

Illinois Legislators Push for Gambling Expansion Once Again

(Associated Press) - SPRINGFIELD, Ill. | An Illinois lawmaker says the clock is ticking on a gambling expansion measure that could boost revenue for the state.

Democratic Rep. Bob Rita, of Blue Island, sent a letter to House Speaker Michael Madigan and Republican leader Jim Durkin on Monday hoping to gain support for his plan. The proposal has two options. One adds five casinos and slots at horse tracks. The other calls for a mega-casino in Chicago.

Submitted by Associated Press on, May/19/2014

Internet Gambling Included in Pennsylvania State Budget

Lawmakers have made Internet gambling part of the Pennsylvania year’s state budget though few believe any measures would be signed into law in 2014.

The odds are stacking against Web gambling ever becoming legalized in the Keystone State.

Submitted by Gilbert Horowitz on, May/19/2014

Ex-NFL Player Charged With Illegal Gambling Busted Twice in One Week With Drugs

Former NFL player Rache Caldwell has been arrested for trying to sell the drug Molly.

Police had been monitoring Caldwell’s movements following his arrest just days prior for attempting to sell Ecstasy on the street.

And earlier this year he was arrested for running an illegal gambling ring.

Submitted by Jagajeet Chiba on, May/18/2014

Bwin.Party Board Shakeup Begins as Bodner Exits: Shares Plummet 4 Percent

Non-executive directors of Bwin.party Manfred Bodner and Helmut Kern will be stepping down at the conclusion of the forthcoming annual general meeting on Thursday of next week, thus signaling the start of what is likely to be a major board shakeup.

Submitted by Aaron Goldstein on, May/16/2014

75 Percent of Visa Credit Cards Not Working for NJ Online Gambling Sites

New Jersey online gambling companies are seeing around a 75% decline in credit cards, according to Matthew Katz of CEO of CAMS.

He recently spoke to Rebecca Liggero of CalvinAyre.com regarding the current climate in New Jersey when it comes to payment processing.

“I think the biggest challenge is just education, getting the bankers to understand how significant the technology and the processes all the regulators have in place to be compliant,” Katz said.

Submitted by Aaron Goldstein on, May/15/2014

Buck & Butler Debut New Online Casino

Buck & Butler’s grand ambition is to be the industry’s most unique and innovative casino, and the people behind the new casino take pride in working hard every day to provide the market with a casino experience totally out of the ordinary.

Submitted by Press Release on, May/15/2014

Lindsey Graham Confronted Over Online Gambling Bill, Adelson Donations

What happens when you take one of the wealthiest men in the world and make him one of the biggest backers of a political party?

BetOnline

Well, you have politicians doing his bidding to eliminate business competition.

Submitted by C Costigan on, May/15/2014

Crime Gangs Laundering $140 Billion a Year Through Sports Betting Sites

(Reuters) - Criminals are using betting on sports events to launder $140 billion each year, a report said on Thursday, exposing a lack of effective regulation that allows match-fixing to spread.

Soccer and cricket were identified as the sports most threatened by criminals seeking to rig the gambling market but tennis, basketball, motor racing and badminton were also affected, according to the report, which is based on a two-year research.

Submitted by Reuters on, May/15/2014

New Jersey Internet Gambling Sees Decline in April

ATLANTIC CITY, N.J. (Associated Press) — New Jersey's fledgling Internet gambling industry saw its first monthly decline, falling slightly to $11.4 million in April.

In March, which had one more day of gambling than April had, Internet gambling brought in $11.9 million. Figures released Wednesday by the state Division of Gaming Enforcement show the average online take per day was $380,958 in April, down from $383,173 in March.

Submitted by Associated Press on, May/14/2014

Breaking News

Say No to Sportsbook Blacklist

Since Gambling911.com revealed that seven sportsbooks had gotten together to share player information, everybody in the industry is talking.

Online Slots With The Highest Payout Rates

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How to Withdraw Funds From Online Casinos?

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