Gambling
Hedge Fund Billionaires Take Stake in Caesars Online Gambling: Take on Adelson
Three billionaires against one: George Soros, John Paulson and Leon Cooperman have reportedly taken a stake in Caesars Acquisition Co, the online gambling spinoff of the Vegas giant. ((Image credit: Steve Brodner)
Nevada Gaming Control Board Files 18-Page Complaint Against Cantor Gaming
The Nevada Gaming Control Board (NGC) has filed an 18-page complaint against Cantor Gaming following a lengthy investigation. A former director of the company was indicted by US law enforcement in late 2012 for his role in an illegal sports betting venture and pleaded guilty to one count of conspiracy this past summer. Read Complaint Here
Former NFL Player Donald Caldwell Charged With Bookmaking
TAMPA, Fla. – (Associated Press) - Former NFL and University of Florida player Donald “Reche” Caldwell has been arrested by Tampa police on charges of operating an illegal gambling house and bookmaking.
Police say Caldwell was one of three leaders of the operation. Five other men are facing a variety of charges including probation violations, possession of a controlled substance and illegal gambling.
Biggest Online Poker Room Yet to Begin Offering Bitcoin – G911 Exclusive
Gambling911.com has confirmed that one of the world’s largest online poker networks is set to begin offering the anonymous online currency bitcoin as early as this week.
This room will also convert bitcoins to cash on their end to minimize the risk factor for players, we have been advised. Until now, players have been relegated to online poker rooms that were either new to the seen or only offered bitcoin exclusively as a deposit or withdrawal method.
Paddy Power Takes Swipe at ‘Fat, Lazy Footballers’ in ‘Ball of Shame’ Ad (Video)
Ireland’s largest bookmaker, Paddy Power, debuted its latest ad during this past weekend’s Arsenal v Tottenham FA Cup game on ITV. The so-called “Ball of Shame” advertisement takes a swipe at “lazy, fat footballers”.
More specifically, the betting firm seems to take issue with aforementioned “lazy, fat footballers” also making millions of pounds (dollars).
North Korea Leader Feeds Uncle to 120 Dogs: Paddy Power Ends Rodman Deal
Reports surfaced this past weekend that North Korea’s Supreme Leader Kim Jong Un had his uncle stripped naked, thrown into a cage, and eaten alive by a pack of 120 ravenous hounds, this according to a Chinese press report.
Delaware to Review Gambling Sector
DOVER — (Associated Press) - A panel examining challenges facing Delaware’s gambling industry is close to submitting recommendations for state lawmakers to consider.
The lottery and gaming study commission will convene today at Legislative Hall to review its list of options.
The panel also planned to review an accounting firm’s report on economic and financial benchmarks for Delaware’s three casinos.
South African Company First to Assemble Gambling Machines
A South African gaming group (Grand Parade Investments) has announced that they will be the first manufacturer to assemble gambling machines in South Africa.
Robocoin Bitcoin ATM Arrives in Hong Kong, Taiwan: 50 Machines Sold
Robocoin, the first ever shipping ATM, has arrived in Hong Kong and Taiwan, thus helping to make the alternative payment solution even more mainstream.
Online Gambling Exceeds Expectations for Borgata in Atlantic City (Video)
Appearing on CNBC's "Squawk Box", Tom Ballance, Borgata Hotel Casino & Spa president and COO, discussed the early success of legalized online gambling in the state of New Jersey for his casino.
Borgata’s managing partner Boyd Gaming utilizes the PartyPoker platform. It was one of two companies to get an early start launching in the Garden State.
Glitches, Bugs Persist With New Jersey Online Gambling, Poker Sites
In just over one month, New Jersey’s launch of real money online gambling has proven a huge success with over 40,000 individuals having signed up to open accounts.
The process hasn’t always gone smoothly, however.
Case in point: One Gambling911.com reader wrote us to discuss his experience signing up with Caesars Online Poker, utilizing the popular 888.com platform.
Ralph P., a resident of Northern New Jersey, writes:
Maryland Live Casino to Hire Atlantic Club Employees Following Closure
ATLANTIC CITY, N.J. - (Associated Press) -- A Maryland casino will hold a job fair next week for soon-to-be laid-off workers at Atlantic City's Atlantic Club Casino Hotel.
Maryland Live! will interview employees of the Atlantic Club who will lose their jobs when it closes Jan. 13. The casino has more than 100 openings across all departments, and says it will eventually need even more workers than that.
Macau Casinos Hit Jackpot With $45 Billion in Revenues for 2013
HONG KONG — (Associated Press) - The tiny Chinese city of Macau has again smashed its annual record for casino earnings as revenues last year hit a staggering $45 billion, further underlining its position as the world’s biggest gambling market.
You’ve Read the Rest…Now Get the Real Best of 2013 in Gambling
So all the websites have come out with their annual “Best of in Online Gambling” looking back at the eventful year of 2013.
PokerStars: Closure of Atlantic Club Casino was Avoidable
This was not the greatest year for the world’s largest online poker room, PokerStars.com.
While it’s true they continue to amass the largest chunk of the Web poker landscape, Stars insistence on operating in the US market post 2006 prohibition has apparently come back to bite them in their respective ass.
‘Sopranos’ Star Tied to Cop’s Murder to be Set Free
“Sopranos” actor Lillo Brancato will be a free man Tuesday (December 31, 2013) after serving less than 10 years for a botched robbery that led to the murder of NYPD cop Daniel Enchautegui.
The 28-year-old officer was fatally shot in the chest on December 10, 2005 upon arriving at the burglary-in-progress at his neighbor’s home.
MGM Files Final Application to Build $800 Mil Massachusetts Gambling Complex
BOSTON — (Associated Press) - MGM Resorts International, which hopes to build an $800 million gambling and entertainment complex in Springfield, became the first company in Massachusetts to file a final resort casino application Monday with state regulators.
Wisconsin Lac du Flambeau Chippewa Tribe Looks to Enter Online Gambling Arena
After announcing it was in the process of entering the controversial payday loan business, Wisconsin’s Lac du Flambeau Chippewa tribe may be eyeing more lucrative business ventures, specifically online gambling.
Atlantic City Murder Rate Lowest in 30 Years: Still Ranked Among Most Dangerous
Only three people were murdered in the New Jersey seaside gambling resort of Atlantic City in 2013 with just two more days to go. That’s a steep drop from the 18 murders last year.
Nevada Casino Revenues Up 12 Percent in November
LAS VEGAS (Associated Press) - State officials say Nevada gambling revenues went up nearly 12 percent this November compared with a year earlier.
The state Gaming Control Board released a report Monday showing casinos won $876 million in November.
Revenues jumped almost 23 percent year-over-year on the Las Vegas Strip, which brought in $529 million last month.
Downtown winnings fell 1 percent to $38 million.
Reno casino revenue climbed 17 percent to $43 million, while South Lake Tahoe winnings dropped 2 percent to $17 million.
2014 Starts Ominously With New Jersey Governor Watching Gambling
ATLANTIC CITY, N.J. (Associated Press) -- The new year is a crucial one for Atlantic City's future, and 2014 won't start auspiciously.
This is the fourth year of a five-year grace period New Jersey Gov. Chris Christie has given the seaside gambling resort to turn around its struggling fortunes before considering expanding casinos to other parts of the state - something casino executives fear will decimate the already wobbly market.
Chris Christie’s Bloated Estimates but Money for Online Gambling Keeps Flowing
While some critics and those in the media keep coming down on New Jersey Governor Chris Christie for his apparent overestimates of anticipated revenue and taxation derived from real money online gambling, few can say the new industry that kicked off late last month has been anything other than a huge success.
Bet on Tokyo as Asia’s Next Gambling Mecca
(Reuters) - Asian countries are lining up to steal gaming business from heavyweight Macau. The tiny enclave on China’s south coast is the world’s gambling mecca: it took $38-billion (U.S.) in gaming revenue in 2012; hotels run at 87 per cent occupancy, according to official data, a shade better than Las Vegas. Yet casino operators are already looking for the next casino capital. Japan may fit the bill.
Bally Technologies Gets Chastised by Gaming Board: Could be Fined
LAS VEGAS — (Associated Press) - Nevada gambling regulators say slot machine operator Bally Technologies failed to register some of its employees.
The Nevada Gaming Control Board filed a 28-count complaint against the company this week.
The complaint says that Bally registered its employees weeks, months, and in one case, years late. Nevada law requires gambling companies to register employees before they start work.
The board recommended that Bally be fined for each of the 28 counts. The company now has a chance to contest the complaint.
PokerStars Eyes Online Gambling License in New York State
Following New Jersey’s rejection of a licensing application from the world’s largest online poker company, PokerStars, its parent company is now said to be looking at neighboring New York State.
While New York does not yet allow real money online gambling, that could all change. PokerStars has reportedly begun hiring lobbyists to push for legalization in a state that this year embraced expansion of its brick and mortar casinos.
From Casino.org:
New Mexico Gambling Proposal Likely to Face Critics
ALBUQUERQUE, N.M. (Associated Press) — It doesn't appear that a proposed gambling compact between the Navajo Nation and the state of New Mexico will get any warmer of a reception than it did during the 2013 legislative session when it was met with complaints.
The Albuquerque Journal reports that the proposal that was unveiled in the last days of the 2013 session had run into trouble from the outset and was never voted on by the full Legislature. The Navajos' current compact and those of four other tribes expire on June 30, 2015.
Mobster Baker Sues New York for ‘False Imprisonment’ Tied to Gangland Murder
A Brooklyn bakery owner with alleged mob ties is suing the state of New York for what he claims was false imprisonment.
Mario Fortunato was placed behind bars following two guilty verdicts against him involving a gangland murder. Both those verdicts were later overturned.
The reputed Genovese Crime Family associated wants to be reimbursed for millions of dollars.
Gambling Expansion Again on the Table in Kentucky
FRANKFORT, Ky. — (Associated Press) - Those who support legalizing casinos in Kentucky are back in the starting gate, mounting another campaign that promotes expanded gambling as a lucrative revenue source during lean times in hopes of a strong stretch run for a proposal mired in defeat.
The latest version will be presented as a proposed constitutional amendment that would go on the 2014 fall ballot in Kentucky if approved by the General Assembly. Proposals have been drafted for introduction in the House and Senate.
Mobster Accused of Trying to Have Daughter’s Boyfriend Killed Won’t be Home for Xmas
(Associated Press) - A REPUTED mob associate will stay in jail over Christmas while a judge weighs charges that he tried to have his daughter's boyfriend and two rivals killed.
Ronald Galati Sr., who has an auto body shop on 20th Street near McKean in South Philadelphia, also is accused of threatening people during a grand-jury investigation focusing on organized crime and insurance fraud.
NJ Judge Approves Atlantic Club Shutdown
CAMDEN, N.J. (Associated Press) — A slowdown brought on by the rapid proliferation of casino gambling in the northeastern United States claimed its first victim in New Jersey on Monday when a federal bankruptcy judge approved the sale and shutdown of Atlantic City's Atlantic Club Casino Hotel.
The casino, which opened in 1980 as the Golden Nugget and featured then-owner Steve Wynn bringing fresh towels to Frank Sinatra in its commercials, will shut its doors Jan. 13.
