Gambling
Fantasy Basketball: Questions About Legality Remain
Fantasy Basketball in the US is legal under federal law but that doesn’t mean your individual state permits it.
With Fantasy Basketball getting into full swing over the next few days, questions about its legality will surely arise.
One need only look at the gambling industry to understand why federal vs. state law does matter.
Taj Mahal Workers Furious Over Icahn Plans to Save Casino
ATLANTIC CITY N.J. (Reuters) – Hundreds of unionized workers lashed out at Carl Icahn on Friday, picketing the Trump Taj Mahal Casino where the billionaire activist seeks to terminate health-care and pension plans.
Members of UNITE HERE Local 54 picketed the Atlantic City casino a week after bankruptcy court approved a $US100 million plan by Icahn, who holds the mortgage to the property, which hinges on benefit cuts and tax concessions from city and state governments.
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Joey Merlino, Ex-Mob Boss, Gets 4 Months For Meeting Friend
PHILADELPHIA (Associated Press) — A reputed former mob boss was ordered back to prison Friday for violating parole, and his lawyer complained that the FBI would pursue his client "to the grave."
Joseph "Skinny Joey" Merlino, the reputed head of Philadelphia's La Cosa Nostra in the 1990s, must serve four additional months for failing to report a meeting with a former co-defendant at a Boca Raton, Florida, cigar bar.
Judge Issues Temporary Restraining Order to Stop Sports Betting in NJ
U.S. District Court Judge Michael Shipp issued his ruling on whether New Jersey will be able to offer sports betting beginning this weekend at Monmouth Park racetrack. The decision was made shortly after 4:50 pm ET. The judge issued a temporary restraining order that would prevent that track and other venues from offering sports betting in the immediate future.
‘Simpsons’ Sued for $250 Million Over ‘Goodfellas’ Character
Frank Sivero has filed a lawsuit against the long running primetime animated series "The Simpsons" claiming they based the character Louie off of his "Goodfellas" character.
The suit claims that it was Sivero who created the Louie character and, as such, he should be fully compensated.
Taj Mahal Closing in Atlantic City ‘Inevitable’ Says Icahn
ATLANTIC CITY, N.J. (Associated Press) — Billionaire investor Carl Icahn says the struggling Trump Taj Mahal casino "will almost certainly close."
NJ Fights Back With Motions to Allow Sports Betting: Leagues Seek Injunction
It’s been a crazy couple of days in the Garden State as New Jersey prepares to begin allowing legalized sports betting just in time for the NBA, NHL and College Basketball seasons, not to mention both the NFL and College Football are well underway.
Romanian Princess Gets Probation in Cockfighting Case
PORTLAND, Ore. — (Associated Press) - A Romanian princess was sentenced Wednesday to probation after apologizing for her role in an Oregon cockfighting enterprise that she said brought shame to her and her family.
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‘The Gambler’ Trailer Released: Mark Wahlberg Film Due Out December 19
A trailer for the upcoming Mark Wahlberg film “The Gambler” surfaced across the Web on Wednesday with the film set to open in select theatres December 19.
Wahlberg reprises the role of literature professor, Jim Bennett, whose gambling problems run him afoul of gangsters in the 1974 movie of the same name.
The film is directed by Rupert Wyatt, with a screenplay by Academy Award® winner William Monahan, and produced by Academy Award® nominee Mark Wahlberg, It also stars Jessica Lange.
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Fantasy Sports Propels NFL to Record Ratings: Has Become a Cultural Phenomenon
ANAHEIM HILLS, Calif., Oct. 20, 2014 (GLOBE NEWSWIRE) -- Eilers Research, LLC has announced the publication of an in-depth white paper titled: "Daily Fantasy Sports: The Future of US Sports Wagering?" The report, authored by Adam Krejcik, Managing Director of Digital & Interactive Gaming, takes a comprehensive look at the financial health of the Daily Fantasy Sports market, as well as an analysis of the competitive landscape and expected industry growth through 2020.
Floyd Mayweather Finally Loses a Bet
He may be undefeated in the ring, but big time sports bettor Floyd Mayweather Jr. has finally confirmed he’s not always a winner when it comes to picking games.
Ex-Palms Sportsbook Employee Charged in Bet-Rigging Gets Probation
LAS VEGAS — (Associated Press) - A former Las Vegas casino worker was sentenced in federal court to probation and must pay restitution for his role in what authorities say was an $800,000 betting fraud scheme.
Matthew Kidle, 31, apologized before sentencing Monday by U.S. District Judge Jennifer Dorsey in Las Vegas, the Las Vegas Review-Journal reported.
Ifrah Reacts to Professional Leagues Attempt to Block NJ Sports Betting Law
According to well-known sports betting attorney Jeff Ifrah, the lawsuit by the NFL, NBA, MLB and NCAA seeking to block enforcement of the New Jersey Sports Wagering Law doesn’t make much sense.
11 Reputed Mobsters Arrested, Reaped Millions From Sports Betting, Loansharking
11 reputed mobsters from the New Jersey/New York area were arrested on Tuesday, charged with loansharking, sports gambling, unlicensed check-cashing and money laundering.
All but one of the individuals resided in New Jersey. The other was arrested in New York City. Each of the individuals is alleged to have connections to the Genovese crime family.
55 Percent of NJ Respondents: Sports Betting Would be Bad For AC
In a recent poll of New Jersey residents conducted by Rutgers-Eagleton it was discovered that only 7% of respondents had actually tried gambling on one of the state’s regulated online gambling sites and only 5% said the activity was good for Atlantic City’s troubled gambling industry.
23% said online gambling made no difference for Atlantic City, and 17% said they were not sure.
Breaking News: 11 Reputed Mobsters in New Jersey Arrested for Sports Betting, More
NEWARK, New Jersey — Eleven reputed members and associates of a major New York-based organized crime family are facing charges in New Jersey.
Acting state Attorney General John Hoffman will announce details of the arrests during a news conference in Newark Tuesday.
The attorney general's office alleges the suspects reaped millions of dollars through loansharking, sports gambling, unlicensed check-cashing and money laundering.
The news conference was taking place at 11:30 a.m.
Speaker Line-up Announced for 2014 Isle of Man eGaming Summit
KPMG Isle of Man has announced the speaker line-up for its fifth annual eGaming Summit, which includes major international industry experts as well as key representatives of the local eGaming cluster.
Latest Study Shows Parkinson’s Drug Causes Gambling, Hypersexuality
A new study seeks to further show that various Parkinson’s drugs side effects include compulsive gambling and an extreme sexual appetite.
Professional Leagues File to Stop Legalized Sports Betting in New Jersey
NEWARK, N.J. (AP) — The four major professional sports leagues and the NCAA filed papers in court Monday to stop New Jersey's plan to allow legal sports betting beginning this weekend, when gamblers could become the first in the nation outside Nevada to wager on single games.
Japan Casino Plan to be Delayed Further
TOKYO (Reuters) - Japan's plan to legalize casino gambling is likely to be delayed yet again, a senior official said, dealing a new blow to Prime Minister Shinzo Abe and a setback to operators anxious for the launch of Asia's next big gambling market.
Las Vegas Sands, Genting Singapore, MGM Resorts, Melco Crown Entertainment and others are waiting in the wings as potential investors in what analysts say is one of the world's biggest untapped markets, worth tens of billions of dollars a year.
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Chris Christie Signs New Jersey Sports Betting Bill Into Law
TRENTON, N.J. (Associated Press) — Gov. Chris Christie Friday signed legislation that could allow legal sports betting in New Jersey to move forward.
The measure is aimed at helping the state’s foundering casino and racetrack industries, and would partially repeal prohibitions against sports wagering in the state.
Man Charged for Telling Casino Worker He was ‘Gambling to Avoid Ebola-Stricken Wife’
A 60-year-old Cleveland man has been charged for telling a Horseshoe Casino employee that he was there gambling to avoid his wife for whom he claimed had the deadly Ebola disease.
From the Cleveland Plains Dealer:
Sports Betting Bill Approved by New Jersey Assembly
(Associated Press) - State lawmakers passed legislation Thursday that could allow legal sports betting in New Jersey to move forward.
The Assembly passed a measure that was overwhelmingly approved earlier this week in the state Senate. It’s aimed at helping the state’s foundering casino and racetrack industries, and would partially repeal prohibitions against sports wagering in the state.
Real Money Candy Crush Coming to NJ: Video Gaming Addiction Specialists Cringe
Candy Crush Saga is the uber popular social gaming platform that now rivals what Farmville had been a few years ago. And now Candy Crush is coming to Atlantic City to save the day. That resort town has lost more than a quarter of its land-based casinos in the past year as the gambling landscape continues to shift with the times.
EU Sues Sweden Over Online Gambling, Poker Laws
BRUSSELS (Reuters) - The European Commission started legal action against Sweden on Thursday for failing to change its rules on online betting and poker games which it said breach EU law on the free movement of services.
The European Union's executive referred Sweden to Europe's highest court in two separate cases related to its restriction of gambling license to domestic and state-owned operators only.
Las Vegas Sands Revenue Drops but Profit Grows
Las Vegas – (Associated Press) - International gambling destination Macau continued to pose a challenge for casino giant Las Vegas Sands Corp. in the third quarter.
But as high-roller gamblers eased back there, they shelled out at the company’s Marina Bay Sands resort in Singapore where the casino’s win-per-day climbed to $4.82 million.
The company also pointed to increased spending on entertainment, retail shops and hotel rooms beyond the casino floors.
