Gambling

Vulcan eSports Daily Fantasy Site Raises $12 Million

Daily fantasy sports for video games, also known as eSports, is increasing in popularity even more so than the traditional (if you can call it that) daily fantasy sports sector.  And a little known company just months ago, Vulcan, is leading the way.

The firm has secured investment funding to the tune of $12 million.

Submitted by Aaron Goldstein on, Apr/13/2015

Suspected ‘Juice Bar Burglar’ Arrested in Underground Gambling Den

A man suspected in a San Fernando Valley, California crime spree was taken into custody over the weekend inside a local gambling den. 

Authorities were able to identify the so-called “Juice Bar Burglar” by a distinctive tattoo.

“His tattoo was his undoing,” LAPD Lt. Paul Vernon said in a statement. “We just needed to get the word and the picture out, and he was done as the Juice Bar Burglar.”

Per CBS LA’s report:

Submitted by Jagajeet Chiba on, Apr/13/2015

Bookmaker Ordered to Serve an Additional Four Month Sentence

FARGO, N.D. – (Associated Press) - A judge says a 69-year-old man convicted of running an illegal bookmaking operation in North Dakota must serve an additional four months in prison on top of a current sentence he is serving in Minnesota.

Submitted by Associated Press on, Apr/13/2015

Fears Mount as 666Bet.com Players Not Getting Paid

Officials at beleaguered online gambling firm 666Bet.com sought to calm customer fears Monday that they will not be getting paid.   The company shut down abruptly last night after its Director was arrested on money laundering charges.

Since that time, 666Bet.com customers have had little success accessing their funds.

The company issued this statement Monday:

Submitted by C Costigan on, Apr/13/2015

Louisiana Mulls Over Daily Fantasy Sports Legislation

Louisiana has become the latest state to consider a measure fully legalizing daily fantasy sports for real money.

While not explicitly illegal in Louisiana, State Representative Joseph Lopinto wants his bill to clarify that daily fantasy sports is not gambling.

“We’re not betting on the outcome of a game or a point spread. Fantasy football is a game of skill,” Lopinto said.

Submitted by Aaron Goldstein on, Apr/13/2015

FBI Probe San Francisco Sheriff’s Deputies for Gambling on Fights Between Inmates

SAN FRANCISCO  — (Associated Press) - The FBI is investigating allegations that San Francisco sheriff’s deputies arranged and gambled on fights between jail inmates and told the inmates to lie if they needed medical attention.

Sheriff Ross Mirkarimi announced the independent probe Friday, and a representative from the FBI confirmed the investigation in an email to The Associated Press. The department’s internal affairs unit and the U.S. Department of Justice are investigating as well.

Submitted by Associated Press on, Apr/12/2015

Judge Again Sides With Golden Nugget in Card Shuffling Flap

ATLANTIC CITY, N.J. — (Associated Press) - Luck appears to have run out for a group of gamblers who won $1.5 million from an Atlantic City casino that was using unshuffled cards.

A judge has again sided with the Golden Nugget against 14 gamblers who say they won the money through no fault of their own playing mini-baccarat in April 2012.

Submitted by Associated Press on, Apr/09/2015

Sports Tout Adam Meyer Sees Bail Revoked: Accused of Multi-Million Dollar Fraud

A Fort Lauderdale, Florida man charged with running an elaborate sports handicapping fraud scheme has had his bail revoked by a judge.

Adam Meyer, 43, was arrested last October for trying to extort $25 million from a Wisconsin businessman. 

Submitted by Jagajeet Chiba on, Apr/09/2015

In British Vote Too Tight to Call, Gamblers Seek the $150 Million Answer

(Reuters) - If Prime Minister David Cameron forms Britain's next government after the tightest election in a generation, it will not just be the Conservative Party leader who will be smiling. Scott Moorhead will be laughing all the way to the bank.

As part of a record 100 million pounds expected to be gambled on the British election, Moorhead stands to win 250 pounds on a 500 pound bet that the Conservatives will win most parliamentary seats in the May 7 election.

Submitted by Reuters on, Apr/08/2015

PokerStars Parent Company Amaya Trading Probe Details Emerge

Parent company to the world’s largest online poker site PokerStars, Amaya Gaming has reportedly been the subject of a probe by the Quebec securities regulator Autorité des Marchés Financiers (AMF).    

Submitted by Aaron Goldstein on, Apr/08/2015

Atlantic City’s Revel Casino Gets Second Life

ATLANTIC CITY, N.J. — (Associated Press) - Revel, the multibillion-dollar resort bust that was once widely viewed as the potential savior of Atlantic City’s struggling casino industry, is getting a second chance as part of a Florida developer’s ambitious plan to remake the East Coast gambling resort into a destination for bettors and tourists alike.

Submitted by Associated Press on, Apr/08/2015

No Resort Casinos Coming to Florida as Bid to do so Ends

TALLAHASSEE, Fla. — (Associated Press) - A push to bring Las Vegas-styled resort casinos to South Florida is once again being rejected by the state Legislature.

The idea was a long shot from the start, but a top House Republican on Tuesday filed a revamped gambling proposal that drops any mention of casinos.

Submitted by Associated Press on, Apr/07/2015

Connecticut Casinos Stand to Lose $570 Million

HARTFORD, Conn. (AP) — The Native American tribes proposing to build new casinos in Connecticut released a report Monday that says new facilities in New York and Massachusetts, if left unchecked, will siphon away $570 million annually in gambling revenue.

The leaders of the Mohegan Tribe and the Mashantucket Pequot Tribal Nation said they were not surprised by the forecast, but they hope the report they commissioned will help inform others including the governor, who has been noncommittal about his position on opening more casinos.

Submitted by Associated Press on, Apr/06/2015

Shooting at Las Vegas M Resort Casino Leaves One Man Dead

A self-inflicted gun wound has left one man dead at the Las Vegas M Resort Casino.

The incident occurred at 4:50 pm Sunday near the casino’s buffet.

Police said one adult who fell while escaping the scene was taken to the hospital with minor injuries. Another person was checked out on scene.  A car fire in the casino garage at the exact time of the shooting was also being investigated.

Submitted by Jagajeet Chiba on, Apr/06/2015

Chairs Go Flying as Dozens Brawl at Resorts World Casino in Queens (Shock Video)

A melee involving dozens of casino patrons turned into an epic brawl at the Resorts World Casino at the Aqueduct Race Track in Queens, New York, all of which was caught on cell phone videos.

The incident occurred at the opening of a Fat Tuesday daiquiri bar within the establishment and quickly escalated into the neighboring food court.

Submitted by Jagajeet Chiba on, Apr/04/2015

Harry Reid Now Wants Ban on Internet Gambling

One-time Senator Majority Leader Harry Reid has said he will make banning Internet gambling a number one priority during his final years in Congress. 

Reid announced he will be retiring at the end of his term in 2016.

The Democrat had previously pushed to have online poker legalized at the federal level.

“Online gaming is not good for our country,” Reid told a Vegas radio show last week.

Submitted by Gilbert Horowitz on, Apr/04/2015

World Exclusive: Indiana Drops Efforts to Legalize Sports Betting, Fantasy Sports

The State of Indiana is dealing with plenty of issues these days, but two things it won't be dealing with any time soon are sports betting and fantasy sports wagering at the state's casinos.

BetOnline

Submitted by Thomas Somach on, Apr/02/2015

DraftKings Now Official Daily Fantasy Sports Sponsor of Major League Baseball

With the new Major League Baseball season starting next week, the world’s second largest daily fantasy sports provider, DraftKings, has announced a deal to become MLB’s official DFS sponsor. 

BetOnline

Submitted by Aaron Goldstein on, Apr/02/2015

Jarred Cosart Emphatic Amidst Probe: ‘I Never Have, Never Will Bet on Baseball

JUPITER, Fla. (Associated Press) — Speaking directly about the topic for the first time since gambling-related tweets appeared on his Twitter account last week, Miami pitcher Jarred Cosart denied ever betting on baseball.

"I never have, never will bet on baseball," Cosart said Wednesday.

Tweets that appeared on Cosart's account discussed gambling advice received from a gambling expert. They did not appear to involve baseball bets.

Cosart briefly addressed the situation last week, stating he was cooperating with Major League Baseball’s investigation.

Submitted by Associated Press on, Apr/01/2015

Las Vegas Drags Down State Overall Gambling Numbers

LAS VEGAS — (Associated Press) - Nevada's casinos won $916 million in February, but it was less than they won a year ago and still a ways from the state's more than $1 billion winning high-point two years ago.

The Las Vegas Strip lagged, dragging down the state's overall numbers.

The Nevada Gaming Control Board released its latest statistics Tuesday. They showed the amount casinos won from gamblers rose everywhere except the Strip, where winnings declined 4.38 percent to $531 million.

Submitted by Associated Press on, Mar/31/2015

Morgan Stanley Cuts Online Gambling Estimate in Half

ATLANTIC CITY, N.J. (Associated Press) — Morgan Stanley has cut its estimate of the potential U.S. Internet gambling market by nearly half.

The firm now estimates the nationwide online betting market at $2.7 billion by 2020, down from an initial estimate of $5 billion.

In a report issue Tuesday, the firm predicts no additional states will approve Internet gambling this year, but foresees California, Pennsylvania, New York and Illinois getting into the game within a few years.

Submitted by Associated Press on, Mar/31/2015

Nevada Lawmakers to Soon Decide on Academy Awards, Olympics Betting

LAS VEGAS, Nev. – (Associated Press) - Olympic fans visiting Nevada during the 2016 games in Rio de Janeiro might get to do something that hasn't been done in Sin City for years: Make a wager on who wins a medal.

Whether its archery or synchronized swimming, a casino operator and several sports books are lobbying Nevada gambling officials to allow betting on the Olympics.

They also want a change in the law that could allow bets on nonsporting events such as the Academy Awards, the most valuable player in Major League Baseball, or even "American Idol."

Submitted by Associated Press on, Mar/31/2015

D Las Vegas Owner Bet $1 Million on MSU Spartans

D Las Vegas owner Derek Stevens has $1 million riding on the Michigan State Spartans to win this year’s NCAA Men’s Basketball Tournament.

The bet was placed on December 5 prior to MSU’s loss to Texas Southern and before going 4-3 during their Big Ten schedule.  The Spartans also lost at home to Illinois and Minnesota. 

Submitted by Don Shapiro on, Mar/31/2015

Casino Gambling in Japan Suffers Another Blow as Bill to be Delayed

(Reuters) - Prospects for legalising casino gambling in Japan suffered another blow on Monday as proponents said they would delay a bill allowing "integrated resorts", as the ruling coalition remains divided on the controversial measure.

Pro-casino lawmakers had said last week they would resubmit a previously failed bill by Tuesday, the end of the fiscal year. But they backed away from that plan on Monday as efforts continued to get the backing of the junior partner in Prime Minister Shinzo Abe's coalition.

Submitted by Reuters on, Mar/30/2015

MGM Blocking Other Vegas Hotels From Showing Mayweather-Pacquiao Fight

The MGM Grand will be hosting the biggest boxing event in more than a decade – Mayweather-Pacquiao – May 2.  But if you plan on being in Vegas to watch the fight from another hotel/casino property that does not contain the MGM name, good luck. 

Submitted by Mary Montgomery on, Mar/30/2015

Participants, Organizers Talk First Ever Daily Fantasy Sports Expo (Video)

The first ever Daily Fantasy Sports Expo has an entire industry excited.  Hundreds of company executives, investors, attorneys and players will be congregating in sunny South Beach this August 6-7 to take part in this event. 

Gambling911.com is a premiere sponsor and promoter for the event with Publisher Chris Costigan discussing the importance of attending for those who have even the slightest interest in Daily Fantasy Sports.

Submitted by Payton on, Mar/30/2015

666Bet.com Director Arrested as Part of Fraud Probe: Site Goes Offline

Paul Bell, a director of 666Bet, has been arrested as part of a joint money-laundering investigation by HM Revenue & Customs and the National Crime Agency. 

The initial arrest occurred last week at London’s Heathrow Airport.  Bell was re-arrested on the Isle of Man upon landing in his private jet.

While the firm’s license has now been suspended and the site remains offline, a spokesperson insists the probe had nothing to do with 666Bet.com.  

Submitted by Jagajeet Chiba on, Mar/30/2015

Duke Last Second Free Throw After Buzzer Sounds Costs Some Books Big Time

(Associated Press) - Think that last free throw was meaningless for Duke as it beat Utah in the Sweet 16? Thousands of gamblers in Las Vegas disagree.

The free throw allowed the top-seeded Blue Devils to cover a 5 1/2-point spread on Friday night, topping the Utes by 6 at 63-57 and flipping wagers on a game many thought was already over.

Submitted by Associated Press on, Mar/29/2015

Casino Listings’ Jackpot Tracker Gets the Scoop on Jackpot Wins

March has been a very busy month for online betting information site CasinoListings.com, as the site’s exclusive jackpot tracker has broken news of no less than eighteen progressive jackpot wins in excess of $100,000. The jackpot tracker, which was developed by the Casino Listings’ owner, checks up on the value of more than 640 progressive jackpots available to be won at various online casinos.

Submitted by Payton on, Mar/28/2015

Wizard of Vegas Releases Introductory Advantage Play Guide

Gambling information website Wizard of Vegas has announced the publishing of their latest educational article, Introductory Advantage Play, giving players the information they need to help gain an edge at the casino.

The article is the first in a series of informational articles, which will help spell out exactly what advantage play is, some of the misconceptions behind advantage play, and tackling the various promotions and games that advantage players use to try and make money.

Submitted by Payton on, Mar/27/2015

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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