Gambling and Sports Betting News Wire - August 1, 2019

Written by:
C Costigan
Published on:

Here are today's headlines in the world of gambling and sports betting as they happen - Thursday August 1, 2019.

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Civil Forfeiture Targets in B.C.'s Biggest Money-Laundering Case Deny Wrongdoing

Paul King Jin and spouse Xiaoqi Wei have filed responses to a B.C. Civil Forfeiture Office suit to seize cash and assets potentially totalling more than $8 million, including houses and a Porsche, in what is British Columbia’s biggest money laundering case.

The civil forfeiture office alleged in its lawsuit, filed this spring, that the assets and $4.86 million in cash seized in police raids in 2015, including in a gun safe in a bedroom in a luxury Richmond condo, are proceeds of crime.

Both argue the lawsuit should be thrown out.

Jin and Wei also argue in their response that searches that led to the seizures of cash and documents were a violation of their Charter rights to protect them against unreasonable searches and seizures.

“In response to the claim as a whole, the defendant pleads that at any and all material times, the manner in which the defendant has been investigated by police, along with the process by which such investigative fruits have been forwarded to and accepted by the director of civil forfeiture, was all in contravention of the defendants (charter) rights,” Jin’s lawyer, Bibhas Vaze, stated in the response.

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Crown Junket Partner Banned From Australia

$100,500 Bet Placed on Philadelphia to Make NBA Playoffs

Pointsbet Opening Office in Downtown Denver

Only 15% of Bitcoin Left to Mine

Bitcoin has a fixed maximum supply of 21 million coins. That means the remaining quantity of 3,115,925.00 BTC is what’s left to mine in 120 years. A figure that will be reached in the year 2,140.

CNN International Talks Bitcoin 9:40 am ET

This will be on CNN International, not CNN (which most in the US get).   Check your local listings.

Our Free Picks Record August 1

2019 MLB Record: 19-13-2 (59.3%) - No Plays Over -160

2018-19 College Basketball Record: 12-9 (57.1%)

2018-19 NBA Record: 7-5 (58%)

2018 MLB Record: 45-35 (56.2%)

2018 NBA Record: 12-4-1 (75%)

Gambling News July 2019

Gambling News

Odds on What Caused Massive Nationwide AT&T Outage

BetOnline taking bets on alien invasion as phone service out for countless number of US residents.  Though most of the service was restored by Thursday afternoon, one of the nation's biggest healthcare technology companies reported a cyberattack on its systems.