Gambling
Betting on the London Olympics 2012: Go Offshore, As Vegas Wimps Out
Looking to place a bet on the upcoming Olympic Games in London?
You'll have to go offshore to do so.
The gambling capital of the world--Las Vegas--won't allow its sportsbooks to accept wagers on the Olympics.
Never fear, however.
Bookmakers May Become Extinct Like the Dinosaurs
The Ice Age killed off the dinosaurs and it appears the Internet may soon kill off the bookmakers.
What is widely considered the second oldest industry in the world after prostitution, bookies throughout Ireland have had to contend with the Internet and turnover numbers that have seen a massive 19 per cent decline during the first half of 2012.
Talks Regarding Gambling Expansion in Maryland Continue
ANNAPOLIS, Md. — (Associated Press) - Gov. Martin O’Malley and House Speaker Michael Busch on Wednesday proposed allocating some gambling revenue in a way to help offset losses that a Prince George’s County casino could cause for Baltimore and Anne Arundel County.
Churchill Downs Applies for Online Poker License
Kentucky’s Churchill Downs is the latest entity to apply for an online poker license in the state of Nevada.
The Silver State became the first to legalize online poker late last year and has been accepting applications over the past few months.
Churchill Downs, which currently offers legalized horse betting on the Web, already signaled its interest in offering Internet poker after purchasing the media venture Bluff Magazine earlier in the year.
If approved, Churchill Downs would be permitted to offer legal “real money” online poker within the state of Nevada.
Casino Mogul, Political Donor Sheldon Adelson Lashes Out Over Prostitution Claims
(AP) Las Vegas Sands Corp. chief and leading Republican political donor Sheldon Adelson is firing back at his former Macau casino executive's claim that Adelson personally approved prostitution at company properties in the Chinese gambling enclave.
Social Gaming Updates: Camasino.com, Bam Poker
In the coming weeks, Gambling911.com will be presenting a series of interviews with some of the newest social gaming websites including Camasino.com and Bam Poker.
Camasino.com is already offering “real money” play across the world, but is restricted within the US to free play while we await legislative moves, which once again seem to be heating up.
NorthBet Joins the Gambling911.com Family
NorthBet.ag has joined the Gambling911.com family just in time for the upcoming NFL season. Their “invite only” business model has quickly become one of the most effective ways to take care of preferred clients all across the industry.
Harry Reid, Jon Kyl Trying to Solicit Support for Online Poker Bill
House Majority Leader Harry Reid has confirmed that he and Arizona Republican Senator Jon Kyl are close to a deal that would legalize online poker in the United States.
Defendant in ‘Blue Monday’ Online Gambling Indictment Sentencing Sealed
No word yet on the fate of Darren Wright, the 43-year-old head of defunct online gambling company BetED.com and ThrillX.
Wright was caught up in a sting operation organized by the US Attorneys Office in Baltimore resulting in charges of money laundering and aiding and abetting of an online gambling business back in May of last year. The investigation took place over a nearly two-year period.
Alleged Casino Cheaters Headed to Court in Ohio
CLEVELAND - (Associated Press) — Prosecutors say they have compelling video evidence against the first suspected casino cheaters in Ohio.
Seven men have been indicted in Cleveland on illegal gambling charges and six are due in court Wednesday morning. The seventh was arraigned last week and pleaded not guilty.
Cuyahoga (ky-uh-HOH'-guh) County Prosecutor Bill Mason says he will show surveillance video from the new Horseshoe casino if any case goes to trial. In his words, "It's not going to be difficult to figure out what they are doing."
BetED.com Head Darren Wright Arraigned Monday
A defendant caught up in a Maryland US Attorney online gambling sting operation has been arraigned. Update: Sentencing was under seal.
Kentucky Domain Seizure Deemed ‘Unconstitutional’ by None Other Than US Feds
Attempts by the Commonwealth of Kentucky to seize several dozen online gambling-related domain names have been deemed “Unconstitutional” by none other than the US Justice Department.
Rachel Maddow: A Sheldon Adelson Justice Department Would Make ‘Macau’ Probe Go Away (Video)
Sands boss, billionaire and one of the top contributors to the Republican party, Sheldon Adelson, is fast becoming one of the most loathed men within the poker community. Many players have called for an all-out boycott of his properties. These include the Sands, Venetian and the Palazzo in Las Vegas. Sands also operates properties in other parts of the US including Bethlehem, Pennsylvania as well as in China's Macau.
Three Men in Alabama Gambling Voter Selling, Bingo Bribery Case Sentenced to 5-7 Years
MONTGOMERY, Ala. — (Associated Press) - A federal judge has sentenced three men who pleaded guilty in an Alabama Statehouse bribery scheme to several years in federal prison.
Massachusetts Casino Agreement With Tribes Most Lucrative
BOSTON (Associated Press) An agreement calling for the state to receive 21.5 percent of gambling revenue from a tribal casino, though less than its share of any future commercial casino revenue, would nonetheless be among the most lucrative deals negotiated by any state with a Native American tribe, Gov. Deval Patrick said Thursday.
Sentencing in Alabama Gambling Vote Selling, Bingo Bribery Convictions Today
Phillip Rawls, Associated Press
(Associated Press) - A former federal judge said it’s highly unlikely that a casino developer who admitted offering millions in bribes will come out a winner in his attempt to avoid a prison sentence.
Three of the four people who pleaded guilty in Alabama’s gambling corruption case — Country Crossing casino developer Ronnie Gilley, casino lobbyist Jarrod Massey and former state Rep. Terry Spicer — are scheduled for sentencing today in Montgomery by U.S. District Judge Myron Thompson.
Kahnawake Gaming Commission: No Addressing the Status of Absolute Poker, UB.com (Video)
General Counsel not asked about Absolute Poker payment status nor does he bring it up
SBR newswoman Natalie Rydström interviews Murray Marshall, General Counsel for the Kahnawake Gaming Commission. Since 1999, the Kahnawake Gaming Commission has been the licensing and regulatory authority for Canadian interactive gaming companies. Mr. Marshall discusses in detail how the KGC operates.
What many people want to know is “What’s the status of UB.com and Absolute Poker”?
Casinos in the Meadowlands Unlikely Any Time Soon
New Jersey Governor Chris Christie has been adamant that he does not want casinos anywhere outside of Atlantic City. Nevertheless, a state Assembly committee will convene at the Meadowlands Racetrack next week to discuss the potential of casino gambling in North Jersey.
Las Vegas Visitation Up, Gambling Down
LAS VEGAS (AP) - Las Vegas saw slightly more visitors this May compared with the same month last year, although gambling was down more than 10 percent in Clark County.
The Las Vegas Convention and Visitors Authority says about 3.5 million visitors came to Las Vegas in May. That's 2.4 percent up from the same month last year, when 3.4 million people visited Sin City.
Ladbrokes Slashes Odds on Heathrow passport Queues During Olympics
(Reuters) - Queuing and gambling, two popular pastimes in Britain, will be especially prominent during the looming London Olympics, starting at Heathrow Airport's arrival terminals it appears.
The slow pace of immigration checks has come under fire as Olympic officials and athletes begin arriving for the two-week Games and a leading bookmaker has already made it a racing certainty that an hour-long wait will be experienced.
Paddy Power Passes Preliminary Review to Operate Online Gambling Site in Nevada
While it is yet to name a potential business partner from the US, the United Kingdom’s third largest bookmaker, Paddy Power, was granted a preliminary finding of suitability to operate in Nevada by state gaming regulators Wednesday.
"The U.S. is a key potential new market for us," Paddy Power Chief Executive Officer Patrick Kennedy said on Wednesday. "We're looking at all opportunities in the U.S., but our expertise is in online gaming. That's obviously what we're looking at doing in Nevada and in other states."
Phil Ivey Divorce Settlement Fuels Nevada Supreme Court Arguments
CARSON CITY, Nev. — (Associated Press) - Poker pro Phil Ivey’s divorce case has the Nevada Supreme Court considering whether judges should oversee cases involving people from whom they’ve accepted campaign contributions.
The state high court heard 45 minutes of arguments Tuesday in Carson City on a lawsuit by Ivey’s ex-wife, Luciaetta Ivey, alleging decisions by a Family Court judge who handled the couple’s divorce were tainted by a $5,000 campaign donation.
Texas Online Poker Payment Processor Agrees to Forfeit $6m
A Texas-based online poker payment processor indicted April 15, 2011 has agreed to forfeit $5 million.
LST Financial of San Antonio and managing director Gregory Colton also promised "not to knowingly provide, either directly or indirectly, payment processing services for Internet gambling, including Internet poker”.
The company claims it was duped into processing the payments by three online poker rooms that were also charged at the time, including PokerStars, Full Tilt Poker and UB.com.
Russia Sweetens the pot for Global Gambling Giants
* Vladivostok casino zone offering near zero tax rate
* First phase scheduled for 2016 completion
* Up to 12 casino-resorts anticipated for region
* Revenues forecast at $2 billion to $7 billion
By Farah Master
HONG KONG, July 12 (Reuters) - A Russian territory hoping to lure global casino titans to set up large-scale resorts has unveiled initial guidelines that offer companies more lucrative terms than Macau and Singapore, intensifying the race to secure investments in Asia's expanding gambling industry.
PokerStars Full Tilt Poker Deal Still On Despite Rumors to the Contrary
PokerStars Head of Corporate Communications, Andrew Feldman, shot down rumors Wednesday that the company had backed out of a deal to purchase the assets of shuttered Full Tilt Poker. Stars was widely expected to pay back monies owed to players of the one time second largest online poker company in the world.
This tweet appeared late Wednesday:
Andrew Feldman @AFeldmanESPN
The Head of Corp Communications for @PokerStars @erichollreiser says the Twitter rumors of PS folding on the FTP deal is "false"
Liquidator Appointed for Purple Lounge Online Poker Room, Casino
The parent company of shuttered online poker and casino site Purple Lounge has appointed a liquidator, the UK firm of Chartered Accountants, Baker Tilly Restructuring and Recovery LLP. A creditors meeting will be held July 23.
Facebook Introduces New Game ‘Hotel Casino’
There has been much discussion this week over Facebook apps like Zynga’s Farmville and Texas Hold’em Poker offering real money play down the road. Add Hotel Casino to that list as it seems custom made for such a platform.
Hotel Casino is Facebook’s newest game, described as “allowing players to manage their own hotel casino, and play each other at their favorite casino games for simulated bets and rewards”.
MGM Resorts Asks Mass. Casino Panel to Reconsider 2-step Bidding Process
BOSTON — (Associated Press) - MGM Resorts has asked the state's new gambling commission to reconsider its proposal to prequalify potential bidders for casino licenses in Massachusetts.
The Las Vegas company said in a letter released by the panel on Tuesday that the two-step process would unnecessarily slow the bidding process and waste time and resources.
DOJ Asks for Leniency for Absolute Poker Executive
The US Attorney’s Office in the Southern District of New York have requested a reduced sentenced for an executive of Absolute Poker who they say has been fully cooperative following charges of money laundering and bank fraud in April 2011.
Brent Beckley’s sentencing has been postponed on a number of occasions already. Beckley acted as an executive for both Absolute Poker and UB.com.
Howard Lederer, PokerStars File For Motion to Dismiss in Online Poker Complaint
The US Government contends the man most associated with disgraced Full Tilt Poker, Howard Lederer, had been involved in an elaborate ponzi scheme. Last week, US authorities arrested Full Tilt CEO Raymond Bitar, who was indicted for money laundering and bank fraud last year. They slapped a superseding indictment upon Bitar immediately following his arrest, charging he too was involved in a ponzi scheme to defraud customers.
