Gambling
Internet Gambling Attorney Sees Legal Online Gambling Coming to All 50 States
Stuart Slotnick Says It’s a “Good Revenue Model”
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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?
Well, you have politicians doing his bidding to eliminate business competition.
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.
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.
Michael Sam Boyfriend Dated Gay Porn Star: League “In Bed With Mobsters”
As if having a boyfriend whose family allegedly had mob ties were not enough, now there are reports that Michael Sam’s beau was once intimately involved with a gay porn star named Austin Wilde.
Sam was named Southeastern Conference Champion of the Year in 2013. He's now the first openly gay NFL player.
Attorney General Hopeful Gives Up Stake in Online Gambling Firm
Massachusetts Attorney general hopeful Warren Tolman confirmed Sunday he has severed all financial ties with an online gaming company.
Man Who Beheaded Exotic Bird at Flamingo Casino in Las Vegas Gets Probation
A University of California, Berkley law school graduate has been sentenced to probation after beheading an exotic bird at a Las Vegas casino in 2012.
Justin Teixeira received the four years of following a prison boot camp program.
His sentence also includes 16 hours a month of unpaid work at an animal shelter.
Teixeira pleaded guilty to beheading a rare 14-year-old helmeted guinea fowl while at the Flamingo’s Wildlife Habitat.
Alcohol was involved in the crime.
- Gilbert Horowitz, Gambling911.com
Paddy Power CEO to Step Down Amidst Two Worst Weekends Ever in Football
Paddy Power, the United Kingdom’s third largest bookmaker, suffered two of its worst weekends in football on record this year. The company’s stock has dropped 4% and CEO Patrick Kennedy has announced his departure in 2015. Kennedy has been CEO of Paddy Power since 2006 with the betting firm enjoying huge success throughout much of his tenure.
URINE-SANE!!! Paddy Power Handing Out Pure Urine Samples to Giro d' Italia Riders
Perhaps sensing they were being outdone by Stan James and that bookmaker’s infamous defacing of a medieval wall, the king of online gambling marketing, Paddy Power, has announced they will be handing out clean urine samples to riders during the final stage of Giro d' Italia in Ireland.
Michael Sam’s Boyfriend From Mob Family: Grandfather Stuffed Bodies in Sewers
It was the kiss seen around the world that everyone was talking about Monday – Michael Sam selected to the St. Louis Rams, then engaging in a kiss with his boyfriend on national television upon learning of the news.
Sam is officially the first openly gay player in the NFL. There was some question as to whether he would be selected in this year’s NFL Draft and he nearly wasn’t. Sam was one of the last picks.
Casino High Roller Being Sued Over $14.1 Million Debt
Melbourne’s Crown Casino is suing a gambler over $14.1 million they lent out to finance his gambling spree that reportedly left it nearly $8 million in the red.
High-roller Zhao Li is now being sued by the casino after Crown claims he has either refused or otherwise forgot to pay them back.
Caesars Could Close All Four of Its Atlantic City Properties: Harrah’s, Bally’s
In a conference call last week, Caesar’s Entertainment Corp. CEO Gary Loveman said his firm could not rule out closing some or all four of its Atlantic City casino properties as a means to cut costs.
Two Billionaires Place Bets on Japan Casino Sector
OSAKA/TOKYO (Reuters) - Two US billionaires are betting on rival cities, Tokyo and Osaka, to be the first in Japan to open casino resorts - once the government gives the go-ahead to legalize gambling.
Japan is one of the world's last untapped gaming markets and could become the third largest gambling destination after Macau and the United States, with annual revenue of over $40 billion, according to broker CLSA.
Australian Casino Magnate James Packer Receives A$500 Fine for Brawl
Crown Resorts Ltd. Chairman James Packer has been fined A$500 for a May 4 street brawl near Sydney’s Bondi Beach. The other man involved in the altercation, Nine Entertainment’s CEO David Gyngell has also been fined the same amount.
NRL Investigating Top Official Over Ryan Tandy Gambling Scandal
(Associated Press) - The NRL is reportedly investigating allegations its head of football, Todd Greenberg, had knowledge of front-rower Ryan Tandy's gambling on rugby league games while he was chief executive of Canterbury but turned a blind eye to it.
Fairfax Media reports the claims Greenberg was given evidence of Tandy betting on league games but took no action have prompted NRL chief executive Dave Smith to request an investigation.
