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

Hard Rock, Seminole Gaming Win Corporate Social Responsibility Award

Hard Rock, Seminole Gaming Win Corporate Social Responsibility Award

Hard Rock International and Seminole Gaming have won the Corporate Social Responsibility Award from the National Council on Problem Gambling (NCPG).  The award recognizes the PlayersEdge casino team member training program, which was introduced in December, 2019.  The award was presented at the recent NCPG Digital Symposium and National Awards Ceremony.  In 2014, Seminole Gaming also received the Corporate Social Responsibility Award from NCPG.

PointsBet to Partner With Denver Nuggets, Colorado Avalanche, More

Sports Illustrated Gambling has learned exclusively that PointsBet Sportsbook has entered into a multi-year partnership with Kroenke Sports & Entertainment, LLC ("KSE").

New Gambling Law in the Netherlands Explained

New Gambling Law in the Netherlands Explained

From rumors to reality, the law that would legalize online gambling in the Netherlands is finally enacted by the Dutch parliament. The Remote Gambling Decree was presented to the parliament, along with two different letters filled with answers responding to questions that had earlier been raised at the previous parliamentary debates. The major points of discussion were in regards to extending the cooling-off period by six-months and whether or not to prohibit the advertisement of online gambling services. At the end of the day, the cool-off period was extended and the proposed ban on advertising was denied. 

Are Online Casinos Legal in the Netherlands?

Are Online Casinos Legal in the Netherlands?

The much-anticipated new gambling regulation in the Netherlands is changing the scene of online gambling and the gambling industry as a whole. The ministry overseeing the new gambling regulations has announced that the new legislation would transform the Dutch gambling industry. After several years of lurking in the shadows, online casino and gambling vendors are now free to roam and legally promote games to Dutch players. So yeah, online casinos have now been made legal in the Netherlands, but with a lot of rules and guidelines, enough to stifle the joy of the news. 

When is a Sportsbook is Responsible for Their Faulty Lines, Koepka a Liability

When is a Sportsbook is Responsible for Their Faulty Lines, Koepka a Liability

""At what point does a sports book become responsible for their own errors?"