Bookies Celebrate New Orleans Saints Loss to Jets

With the New Orleans Saints outright loss to the New York Jets, bookies made out like bandits Sunday.  The Saints were seeing the most wagering action of any other team in the NFL Week 9.

More than 85 percent of those betting the Saints-Jets games were backing New Orleans.

The Dallas Cowboys were another public favorite on Sunday and, while they did manage to win outright, the Cowboys failed to cover the -10 point spread.

Submitted by Tyrone Black on,

Crackdown on Michigan Charity Poker ‘Millionaire Parties’ Causes Backlash

LANSING, Michigan — (Associated Press) - Poker's rise in popularity has helped Michigan's charities and civic groups stay afloat at a time of dwindling donations from elsewhere.

And efforts to rein in a charitable gambling industry that has grown more than 20-fold in a decade are sparking backlash.

At stake is the future of "millionaire parties." The casino-style events allow nonprofits licensed to hold gambling events to split cash proceeds with unlicensed poker rooms that provide the space, dealers and supplies.

Submitted by Associated Press on,

Legends Sports Money Transfer Point Person Pleads Guilty

A female employee of the now shuttered online sportsbook Legends Sports has plead guilty in a New York federal court to laundering $8 million.

Submitted by C Costigan on,

Equity Poker Network Gears Up For Real-Money Gaming Launch

San Jose, Costa Rica - Following a successful beta-test phase of flagship online poker room, FullFlushPoker.com, the Equity Poker Network (“EPN”) has confirmed a November 8th launch of their real-money gaming options. EPN’s shift from free-play to full real-money gaming finally gives Operators a viable, profitable alternative, and provides players across the Network with a safe, secure and entertaining poker experience with prize money on the table.

Submitted by Press Release on,

Nevada Casino Winnings Up 7.4 Percent in September

CARSON CITY (AP) — Nevada casinos won $958.8 million from gamblers in September, representing a 7.4 percent increase over the same month last year due largely to big betting on baccarat and luck that favored the house, state regulators said Thursday.

Submitted by Associated Press on,

MGM Resorts 3rd Quarter Loss Narrows

LOS ANGELES - (Reuters) - MGM Resorts International posted a narrower third-quarter loss on Thursday and was optimistic about a planned new casino in Massachusetts, although lower-than-expected margins at its Chinese and Las Vegas operations disappointed some analysts.

MGM's net loss slimmed to $31.9 million, or 7 cents a share, from $181.2 million, or 37 cents, a year earlier. Excluding items, analysts, on average, looked for a loss of 3 cents a share, according to Thomson Reuters I/B/E/S.

Revenues rose 9.2 percent to $2.46 billion.

Submitted by Reuters on,

Borgata Sees 7 Percent Increase in 3rd Quarter Revenues

ATLANTIC CITY — (Associated Press) - Revenue at Atlantic City’s top casino increased by nearly 7 percent in the third quarter of this year.

The Borgata reported net revenue of more than $200 million, an increase of 6.9 percent.

Its earnings were up nearly 40 percent to $46.6 million due to better luck at table games.

The casino also increased its share of the Atlantic City casino market by three percentage points, to 21.4 percent.

Submitted by Associated Press on,

Divorcing PartyGaming Founders Sell Stake in Gambling Firm Ahead of NJ Bid

Two of online gambling’s richest people are divorcing and will also be giving up their respective shares in bwin.party, the world’s largest digital gambling firm.

Submitted by Ace King on,

Caesars Entertainment Post Worse-Than-Expected 3rd Quarter Losses

LAS VEGAS (Associated Press) — Caesars Entertainment Corp. said Tuesday that its third-quarter loss expanded by more than 50 percent due to weakness in the U.S. gambling market and stiffer competition.

Casino revenue fell 7 percent because of fewer visitors to its properties in Atlantic City and other U.S. markets outside of Nevada. Caesars also lost revenue from selling part of its stake in a casino in Uruguay.

The company lost $761.4 million, or $6.03 per share, for the quarter that ended Sept. 30. A year earlier its loss was $505.5 million, or $4.03 per share.

Submitted by Associated Press on,

Rats Could Provide Breakthrough for Curing Gambling Addiction

Gambling addiction could soon be cured thanks to our furry little friend, the rat.

BetOnline

Submitted by Jagajeet Chiba on,

IAA Issues Statement Regarding Lock Leaving Revolution Network

IAA has issued its own statement regarding Lock Poker leaving the Revolution network to start its own independent online poker site effective yesterday (Tuesday).  Gambling911.com maintains a stellar relationship with both Cake Poker (partnered with IAA) and Lock Poker and hope both companies can move forward in their respective directions and prosper.

Both companies went to war this week.

IAA responded to Lock’s accusations against them featured on the Gambling911 website Tuesday:

Submitted by Press Release on,

Advocates Worry Over Veteran Gambling Addiction

NEW HAVEN, Conn. (Associated Press) — Advocates for gamblers struggling with their addictions are turning their attention to military veterans.

Counselors and other specialists told a Connecticut conference on Wednesday that helping veterans is difficult because few acknowledge they have a problem and seek help.

Submitted by Associated Press on,

Second Hearing Planned for Florida Gambling

LAKELAND, FL (Associated Press) — Will the Sunshine State take a gamble on gaming?

Florida state senators are holding the second of four public hearings about the future of gambling in the Sunshine State.

More than 50 people have signed up to testify Wednesday during a meeting that will be held at the George Jenkins High School auditorium in Lakeland.

The Senate Gaming Committee will also hold hearings next month in Jacksonville and Pensacola.

Submitted by Associated Press on,

FullFlushPoker.com Confirms November 8 Launch of Real Money Poker, Gaming

San Jose, Costa Rica – FullFlushPoker.com (“FFP”) is primed and ready to go live with full real-money gaming options on Friday, November 8th, when the new online poker room’s Cashier will be available for player deposits, and the FFP tables will finally open for much-anticipated ring games, buy-in tournaments, and sit n gos. (learn more about FlushFlushPoker.com here)

Submitted by Press Release on,

Delaware Ready to Go With Halloween Launch of Online Gambling

DOVER, Del. (Associated Press) — Delaware lottery officials are beginning real-stakes Internet gambling in Delaware with an element of secrecy.

State lottery director Vernon Kirk said Tuesday that officials will conduct a “soft launch” of online gambling on Thursday with a select group of preferred players.

He refused to say who those players are, how they were selected, or how many there are, saying state officials have decided to keep that information confidential

Submitted by Associated Press on,

More Gambling High Rollers Paying Up as Economy Improves

(Associated Press) - How do you know the economy is coming back? High rollers are paying their gambling debts.

All four major U.S. casino corporations bumped up their allowances for bad debt during the recession, with one company estimating that fewer than half of outstanding debts would be repaid. Now, companies have lowered their estimates to pre-recession rates.

Submitted by Associated Press on,

Lock Poker Customers Exposed to Automatic Download of Different Client

Following the termination by "Lock" of its contract with the Revolution Network earlier today it has come to Lock’s attention that players who attempt to log onto the Lock software are being redirected by the network to a page that contains false and misleading information and, rather than being presented with the new Lock 2.0 software, customers are subjected to an automatic download of competing poker software.  

DOWNLOAD NEW CLIENT HERE

Submitted by C Costigan on,

PokerStars Micromillions 6 Set for November With 100 Events and $5 Million

ONCHAN, Isle of Man – PokerStars today announced that the world’s most popular online poker series, MicroMillions, will return from November 14-24.  The sixth series will have 100 events and $5 million in guaranteed prizes.

Submitted by Press Release on,

Cantor Gaming Claims Former Director Acted Alone: US Gov Investigation Ongoing

The New York Times on Tuesday unveiled a lengthy investigative piece into Cantor Gaming and the ongoing investigation into potential improprieties surrounding the firm.

Submitted by C Costigan on,

Heartland Poker Tour Names Most Valuable Player: David Grandstaff

Heartland Poker Tour named its first-ever Most Valuable Player early Tuesday in the heart of the Heartland at Prairie Meadows Racetrack Casino Hotel in Altoona, Iowa. Local player David Grandstaff had it locked up with two wins in the series and a sixth-place finish.  As the Main Event came to a close, only one player had enough points to potentially oust him.  Chris Louviere would have to finish in first place to surpass Grandstaff and that seemed unlikely.  As HPT viewers have come to expect, anything can happen.

Submitted by Press Release on,

Breaking News: Lock Poker Launches New Poker Platform, New Beginning

Lock is very excited to announce the launch of their own poker software platform. The new software features include HU Rematch, re-entry tournaments, timed tournaments, weighted contributed rake and a native Mac client. 

Lock will continue to offer 36% rakeback through their rakeback partners as well as the current VIP program. All points, tournaments tickets and bonuses will be migrated to the customer’s new Lock account seamlessly. You can visit lockpoker.eu to download the new software.

Submitted by Press Release on,

Poker Player, Two-Time WSOP Bracelet Winner Frank Kassela to Run For Congress

Poker pro Frank Kassela has filed paperwork with the Federal Election Commission on Oct. 24 to run as a Democrat in the 3rd Congressional District that consists of Henderson and rural areas of southern Clark County, according to the Las Vegas Review Journal.   Kassela was once a Republican, changing his party affiliation on October 22, primarily citing his frustration with the GOP’s handling of a government shutdown.

Submitted by Ace King on,

Neuberger Berman Investor Denied Details of Probe re 888 Holdings

A three-judge panel found that Benjamin Gamoran, a Neuberger Berman investor, is not entitled to see the full details of a probe the asset manager's board of directors performed into the late 2005 acquisitions of 888 Holdings PLC and Neteller PLC, according to Law360.com. 

Submitted by Aaron Goldstein on,

Police Officers Prevented From Accessing Porn, Gambling Sites 2500 Times

Police officers from Devon and Cornwall were prevented from accessing pornographic and gambling websites more than 2500 times over a three month period, an investigation revealed.

Police were found to be attempting to access porn sites 700 times and gambling sites 2000 times between the months of June and August but were blocked from doing so.

The police force claims that pop up ads on legitimate websites were to blame. 

Submitted by Jagajeet Chiba on,

Mickey Mouse, Disney Caught Up in Florida Casino Scandal

Mickey Mouse and the rest of the Disney gang were red-faced this weekend after the New York Times outed the family theme park company for its apparent role in Florida gambling.

The Times reported that a portion of the profits derived from licensing Spider-Man and Iron Man slot games went right back in the pockets of Disney World in Orlando, Florida. The Walt Disney Company acquired the Marvel brand comics and associated branded characters for $4 billion in 2009.

And here is where the situation gets especially convoluted.   

Submitted by Jagajeet Chiba on,

Steve Wynn Intensifies Disenchantment Over Massachusetts Gambling Policy

BOSTON (Associated Press) — Steve Wynn, the Las Vegas casino operator hoping to build a $1.2 billion gambling resort near the banks of the Mystic River in Everett, is criticizing the tough state regulations facing firms like his bidding for the right to build gambling facilities in Massachusetts.

He said any other business offering to create hundreds of jobs and spend billions of dollars would get a much warmer reception from state officials.

Submitted by Associated Press on,

Adrian Mateos of Spain Wins 2013 World Series of Poker Europe Main Event

Adrian Mateos of Spain defeated a tough field of 375 and a tough final table to claim the title of WSOP Europe Main Event Champion along with the gold bracelet and a €1 million payday.

Submitted by Press Release on,

Casino Billionaire, GOP Donor Sheldon Adelson Wants Nuke Attack on Iran

Aging Las Vegas casino billionaire and one of the biggest donors to the Republican party, Sheldon Adelson, wants to bomb Iran….with a nuclear weapon no less.

This comes at a time when Iran and the US have entered into one-on-one diplomatic talks for the first time in more than 30 years.

But don’t tell that to Adelson.

Submitted by Jagajeet Chiba on,

Viktor Blom Puts $100k on the Line to Test Himself Against Full Tilt Poker Players

Get freeroll tickets for the chance to face-off against a poker superstar during Blom 100

Onchan, Isle of Man –As Blom 100 kicks off today, 100 Full Tilt Poker players are set to find out if they have what it takes to beat the legendary Viktor “Isildur1” Blom.

Submitted by Press Release on,

Payday Loans Scrutinized in US, UK: Fuel Footballers Gambling Addictions

Federal regulators need to stop banks and payment processors from helping internet and tribal payday lenders collect illegal payments, consumer and civil rights groups urged today.   That was the plea issued by the nonprofits National Consumer Law Center, The Center for Responsible Lending and The Consumer Federation of America.

Submitted by Alistair Prescott on,

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