Gambling
O'Reilly vs. Stossel: A Debate Over Gambling (Video)
Bill O'Reilly debated John Stossel on the subject of gambling Tuesday night. John Stossel, a Libertarian, loves gambling and wants the Government to keep their noses out of the fun.
“My poker game with friends would be a crime in half the states,” Stossel noted in his report that led up to the debate.
The Faux Federalism of Chaffetz Graham Adelson Online Gambling Ban (Video)
A recently drafted bill presented in Congress last week would seek to ban online gambling but the co-authors may be a bit misguided in what they are attempting to accomplish.
As the below video demonstrates, the so-called “Restoration of America’s Wire Act”, co-authored by Senator Lindsey Graham (R-SC) and Representative Jason Chaffetz (R-Utah), really doesn’t apply to the Wire Act.
Internet Gambling No Jackpot for New Jersey
(Associated Press) - When it comes to raising revenue for the state, Internet gambling has been a bust.
Online gambling has failed to generate most of the tax revenue that it had been anticipated to this year, accounting for roughly half of a downward adjustment to the annual state budget.
Former Legends Sportsbook Employee Deported Back to Panama
A high level former employee of the now defunct Legends Sportsbook will be deported back to Panama after serving nearly a year in home confinement in the USA.
Man Tied to Murders at Detroit Barber Shop, Gambling Den Charged With Assault
A man linked to the shooting deaths of three individuals at a Detroit barbershop that doubled as an illegal gambling den has been charged with assault.
A federal court jury on Monday convicted Larry Walker II of assaulting a federal law enforcement officer for trying to ram an unmarked police car in the hours following the November incident.
The Sheldon Adelson Some in the Media Have Forgotten: Bribery, Islamophobia
As casino billionaire and GOP mega donor Sheldon Adelson mulls his options for a “winnable” 2016 US Presidential candidate, Media Matters provided a glimpse into some of Adelson’s dark side – so to speak.
Senator Engaged in Automatic Weapons Sale Deal While Preaching Gun Control
A California state Senator indicted last week for his alleged role in a money laundering and gambling scheme, attempted to broker an international arms deal with a US Federal agent all the while pushing gun control in the state.
The FederalBureau of Investigation arrested Yee last Wednesday morning, along with infamous Chinatown gang leader Raymond "Shrimp Boy" Chow and 24 other individuals.
Perhaps empowered by the series of successful multi-thousand-dollar transactions, Yee upped the ante — and in the process dug himself a far deeper hole with the FBI.
Arrests Made in Borgata Credit Card Fraud Scheme
Two individuals have been apprehended following an investigation into a credit card fraud scheme at Atlantic City’s Borgata Hotel and Casino.
The New Jersey pair allegedly attempted to fraudulently charge more than $500,000 using stolen account numbers, were arrested early Saturday, March 29, at the Borgata Casino, in Atlantic City.
Crimea to Become Russian Gambling Zone Following Annexation
Following Russia’s controversial annexation of Crimea from the Ukraine in recent weeks come word that the Kremlin has decided to make the region a “gambling zone” perhaps similar to something along the lines of China’s Macau.
Police: Graham, Chaffetz Online Gambling Bill Would Lead to Increase in Crime
Last week, South Carolina Republican Senator Lindsey Graham and Utah Republican representative Jason Chaffetz introduced the Restoration of America’s Wire Act, which seeks to strengthen current federal online gambling prohibition. The legislation also would prevent individual states from legalizing the activity, including those like Nevada and New Jersey that already offer real money Web gambling.
G911 Talks to Math Whiz Who Helped Art Chu Win $300k on ‘Jeopardy’
It's no secret among gamblers that having good mathematical skills can help when gambling.
Whether it's counting cards at blackjack, handicapping the horses or figuring out the pot odds in poker, a math whiz has an edge.
Ravens Ray Rice Marries Fiancee One Day After Indictment for Beating Her
ESPN was reporting Saturday that Ravens running back Ray Rice has married his fiancée a day after being indicted for beating her in an Atlantic City casino.
Adelson Right Hand Man: 'Poker Player Alliance Twitter Followers are Creepy’
Vice President of Government Relations for the Las Vegas Sands Corp., Andy Abboud, referred to Poker Player Alliance Twitter followers as “creepy” during an Internet gambling conference debate this week, as relayed by noted industry analyst Nolan Dalla.
Sure it was hostile territory at this year’s iGaming North America Conference for presumably the only man in the room who is against legalized online gambling in the US, but Dalla considered the comment a low blow.
Nevada Gambling Revenue Falls 14 Percent
LAS VEGAS (Associated Press) - State officials say Nevada gambling revenues tumbled 14 percent in February and took an even bigger dive on the Las Vegas Strip.
The Nevada Gaming Control Board reported Friday that the state's casinos won $926 million in February, down from more than $1 billion in February 2013.
Las Vegas Strip gambling revenues fell more than 20 percent last month to $556 million. The story was happier in downtown Las Vegas, where casino revenue rose 3 percent to $43 million in February.
Paddy Power Takes Bets on Which Animal Will be Killed Next at Copenhagen Zoo
In recent weeks, when one thinks of the word “shameful” throughout Europe, three things come to mind: Putin, Copenhagen and Paddy Power, and not necessarily in that order.
Ndrangheta Mafia has More Money Than McDonalds and Deutsche Bank Combined
A report by the Demoskopika research institute in Rome has determined that Italy’s notorious Ndrangheta organized crime family has amassed wealth that tops that of fast food giant McDonald’s and Deutsche bank put together.
Ravens Rice Indicted for Assault on Fiancee at Revel Casino
ATLANTIC CITY, N.J. — (Associated Press) - Baltimore Ravens running back Ray Rice has been indicted on a charge he assaulted his fiancee in an elevator at casino in Atlantic City, N.J.
Mobile Online Gambling in New Jersey Makes Up One Quarter of Market
A report this week shows that mobile online gambling in New Jersey has accounted for more than a quarter of the overall market at one of the leading websites, WSOP.com. This includes tablets such as the iPad.
Reuters: Casinos to Vet High Rollers Funds
(Reuters) - U.S. casinos may soon have to vet where their high rollers' funds come from under a requirement being developed by the U.S. Treasury Department, according to two people familiar with the matter.
The move is part of a push to address longstanding regulatory and law enforcement concerns that criminals can use casinos, which have not historically been as closely monitored as banks for compliance with anti-money laundering laws, to convert proceeds of crime into money that appears clean.
California State Senator Charged as Part of Gambling, Murder-for-Hire Case
26 individuals have been indicted in an unsealed criminal complaint in San Francisco with charges that range from drug trafficking to gun running to illegal gambling to even murder-for-hire.
Among those arrested, California state Senator Leland Yee.
Caesar’s to Shut Down Harrah’s Casino in Tunica
JACKSON, MISS. — (Associated Press) - Caesar’s Entertainment said Wednesday that will close its Harrah’s casino in Tunica on June 2 and lay off as many as 1,300 workers.
Las Vegas-based Caesar’s, which owns Harrah’s Reno, Harrah’s Lake Tahoe and Harveys Lake Tahoe, also owns the adjoining Horseshoe Tunica and Tunica Roadhouse in a nearby complex. The company said employees will have preference for openings at those operations and at Caesar’s properties under development in Las Vegas.
Dianne Feinstein Support of Online Gambling Prohibition Bill has Many Baffled
California Democrat Senator Dianne Feinstein stunned many folks when it was revealed she would be backing legislation introduced Wednesday to prohibit online gambling.
FBI Raids Net Raymond ‘Shrimp Boy’ Chow: Collected Gambling Debts for Triad
A series of FBI raids in both the San Francisco and Sacramento areas resulted in the arrest of Raymond “Shrimp Boy” Chow, a former member of a Chinatown street gang and latest member of a Hong Kong-based triad allegedly tied to Hong Kong and San Francisco-based gambling dens.
Russia Placing Sanctions on Internet Gambling Sites: Mostly From UK
Russia has apparently declared war on Internet gambling.
Though the blacklist was implemented some 16 months ago, it has only expanded dramatically in recent days to include the likes of UK-based sites such as Ladbrokes and William Hill along with a number of other European online wagering firms.
This move comes as the European Union has imposed sanctions on Russia for its annexation of Crimea.
Coincidence?
Internet Gambling Control Act of 2014 Introduced by Graham, Chaffetz
South Carolina Republican Senator Lindsey Graham and Representative Jason Chaffetz, a Republican from Utah, introduced the Internet Gambling Control Act of 2014 Wednesday morning. It is a measure that would prohibit all forms of Web gambling in the US at the federal level while enforcing state governments to cease offering the activity as well.
New Jersey Online Gambling Estimates Cut by 7 Percent
ATLANTIC CITY, N.J. (Associated Press) — Morgan Stanley has lowered its estimate of the U.S. Internet gambling market to $3.5 billion by 2017, down from a previous forecast of $5 billion.
The Wall Street firm cited worse-than-expected technical issues, but says it's optimistic about the new industry's long-term prospects, with an $8 billion market by 2020.
It also lowered its first full year estimate of New Jersey's Internet gambling revenue from $541 million to $203 million. Fitch Ratings is sticking with its $200 million forecast for New Jersey this year.
888 Holdings Sees Surge in Share Price
888 Holdings, the online gambling firm, was up 8.6% Tuesday in trading.
The company has reported a 30% increase in pretax profit in 2013, driven by a continued strong performance from its core casino and poker products.
It said that pretax profit rose to USD53.2 million in 2013, up from USD40.8 million the year before, as revenues for the year rose to USD400.5 million from USD375.8 million.
WSOP.com Becomes Official Online Gambling Partner of New York Rangers
PokerNews.com is reporting that New Jersey online gambling site WSOP.com has become the official betting partner of the New York Rangers.
New Jersey residents are already eligible for promotions associated with this partnership deal.
From PokerNews.com:
Bill to Allow NJ Licensing of Foreign Internet Gambling Firms One Step Closer
(Associated Press) - A plan to let New Jersey casino regulators oversee foreign Internet gambling companies if they move their operations to Atlantic City has moved a step closer to approval.
A state senate wagering committee approved the bill Monday.
The measure is sponsored by Sen. Raymond Lesniak. He says many overseas gambling companies want the stamp of approval that would come from submitting to New Jersey's casino regulators, who are among the strictest in the nation.
The foreign firms wouldn't be able to take bets from anyone in the United States.
Ronn Torossian Says CNBC’S Reality Show ‘Money Talks’ Is A ‘Sham’
"Owning a PR firm, I know well that while reality TV is often scripted, and rarely reflects “reality”, CNBC’s new show "Money Talks" which focuses on the world of sports handicapping crosses over the line of acceptable entertainment."
Ronn Torossian of 5WPR wrote an op-ed which should interest the readers of Gambling911 immensely.
