Gambling News
Equity Poker Network Cuts Ties With 5Dimes.com
San Jose, Costa Rica - As EquityPokerNetwork.com (“EPN”) is only days away from its first anniversary of real-money gaming, it is also enjoying a phase of new maturity, as it better understands its own recreational player base and what makes for a great union between Network and Operator. This self-awareness brings today’s announcement that the EPN and the 5Dimes Group have ended their business relationship, effective immediately.
Bookmaker Pleads Guilty: Claims Gambling Debt Tied to NHL Team, Thomas Vanek
A Rochester, New York area bookmaker plead guilty Thursday to laundering $230,000 in monies derived from gambling, a debt his attorney claims was made with a New York Islanders NHL team check.
Borgata Revenue Increases Nearly 5 Percent in Third Quarter
ATLANTIC CITY, N.J. (Associated Press) — The Borgata's revenue increased by nearly 5 percent in the third quarter of this year, and it increased its share of Atlantic City's gambling market to 24 percent.
The figures were released Thursday by the casino's parent company, Boyd Gaming.
Company president Keith Smith says earnings before interest, taxes and other charges were $56.9 million in the third quarter, up more than 22 percent from a year ago.
The Borgata benefited from a tax settlement with the city of Atlantic City that contributed $8.1 million to earnings.
MGM Posts Narrower Losses
(Reuters) - MGM Resorts International posted weaker-than-expected bottom-line results for the third quarter, injure by lower revenue at its China operations.
Shares fell 3.9% to $22 in recent premarket trading. The company has seen traffic increase at its Las Vegas hotels and casinos and has generally done well in Macau. Beyond these core markets, MGM Resorts, like its rivals, is looking to broaden its market in to Japan following momentum in the country toward legalized gambling.
32 New Seats For $1 Mil Guaranteed Tournament at Americas Cardroom
San Jose, Costa Rica – - Fall weekends are about to get way more exciting, now that one US online poker site is dropping an unparalleled number of Sunday million-dollar seats on the table. Americas Cardroom today announced the addition of 32 guaranteed Winning Millions seats to the satellite schedule.
Online Gambling Pioneer Nephew Doug Ducey Widens Gap in AZ Governor’s Race
With just days before the elections, polls show Republican Doug Ducey ahead of Democratic candidate Fred DuVal in the Arizona gubernatorial race.
The Rise of Vegas, Fall of Macau: Wynn Latest to Report Shifting Tide
LAS VEGAS (Associated Press) — Las Vegas was good to Wynn Reorts Ltd. in the third quarter but not enough to make up for a stormy three months in Macau.
Wynn reported Tuesday that the company's revenue dropped 1.4 percent to $1.37 billion in the quarter as gains in Vegas were offset by a decline in Macau, its biggest market.
The company's net income rose about 5 percent on lower expenses to $191.4 million or $1.88 per diluted share, and adjusted earnings per share of $1.95 met Street expectations, according to a survey by FactSet.
Nevada Sportsbooks had Their Third Best Month Ever: NJ Left Out in the Cold
Nevada sportsbooks raked in $37.27 million from $339.1 million bet during the month of September, making it the third best month in amount won and wagered for the books according to the Nevada Gaming Control.
The sportsbooks enjoyed nearly an 11 percent hold on College Football and NFL bets.
"Sports betting is on a roll," said Nevada Gaming Control senior research analyst Michael Lawton.
Shocking Reveal in Phua Gambling Case: Feds Impersonated Computer Repairmen
In a shocking revelation Wednesday, the New York Post reports that federal agents dressed as computer repairmen in order to gain access to computers used by the father-son tandem of poker players Wei Seng Phua (AKA Paul Phua) and Darren Wai Kit Phua. Both are accused of operating an elaborate World Cup betting ring from their high priced villas in Las Vegas back in July.
Date Set for Hearing on New Jersey Sports Betting
TRENTON, N.J.— (Associated Press) - A judge who temporarily stopped New Jersey from allowing legalized sports betting last weekend has set a court date for the state, major U.S. professional sports leagues and the NCAA to argue whether the ban should be extended.
Full Tilt Poker Claims Admin: ‘Provide Your Correct Social Security Number or Else’
You’ve been warned, provide the correct social security number with your Full Tilt Poker claim or face being denied a refund.
The Garden City Group serves as claim administrator on behalf of the U.S. Government in order to facilitate payouts to those owed monies by Full Tilt after they were forced to exit the American market in April 2011.
Millions of dollars were owed to customers of Full Tilt Poker and, to date, the process of repayment has gone smoothly for the most part.
From the Garden City Group:
Lesniak Blames Credit Card Firms for Online Gambling’s Lackluster Performance in NJ
New Jersey State Senator Raymond Lesniak, speaking via Skype at the Mobile and Tablet Gambling Summit USA at Bally’s on Monday, said he still has great hopes for Internet gambling in New Jersey but blamed credit card processing banks for stymying growth.
Vegas Oddsmaker Predicts GOP Landslide for Midterm Elections
Vegas oddsmaker and former Libertarian VP candidate Wayne Allyn Root predicts a bloodbath among Democrats during next week’s midterm elections. While most gambling sites were shying away from offering odds on the 2014 midterms, sites like BetOnline.ag are already taking bets on the 2016 US Presidential election.
Mobster Skinny Joey Merlino Will Surrender to Feds After Meeting With ‘Bad Guys’
Retired mobster “Skinny” Joey Merlino, 52, is set to head back to prison, at least for a brief time.
Atari Enters Social Gaming, Casino Space With Atari Jackpots
New York – Atari®, one of the world's most recognized publishers and producers of interactive entertainment, in partnership with FlowPlay, a leader in virtual world games and technology and the creators of Vegas World, today announced the launch of Atari Jackpots™.
Nevada Gambling Revenue Fell 6 Percent in September
LAS VEGAS — (Associated Press) - State officials say Nevada gambling revenue fell 6 percent in September from the same time last year.
The Nevada Gaming Control Board reported Tuesday that casinos brought in $902 million last month.
Las Vegas Strip gambling revenues were down 12 percent to $495 million, while downtown revenues were down 4 percent to $43 million.
Reno casinos won $48 million in September, which is down about 2 percent year-over-year. South Lake Tahoe gambling revenues of $24 million bucked the trend and were up 7 percent over last year.
Missouri Man Turns $375 Into $129,000 at HPT Event
St. Charles, MO - Matt Culberson invested $375 into Heartland Poker Tour's Main Event at Ameristar Casino Resort Spa St. Charles. The local baseball instructor knocked it out of the park and beat a tough field in the nationally-televised tournament, parlaying his investment into $129,147.
Ivey Poker Bites the Dust
The social poker site Ivey Poker (IveyPoker.com) has shut down this week a little over a year after launching.
Poker Pro Mike Matusow Came Close to Being Paralyzed Following Spinal Surgery
Poker pro Mike “The Mouth” Matusow just underwent major spinal surgery and the prognosis appears to be good. Matusow should be able to walk again, media outlets are reporting.
The four-time World Series of Poker bracelet winner known for his sharp wit and outspoken candor encountered “serious complications” during the surgery.
Dan Bilzerian Never Wanted a Real Life: Caught in Bed With Goat
“I Never Wanted a Regular Life” the caption reads under an Instagram photo of poker Playboy Dan Bilzerian with two beautiful models dangling from his arms.
Offshore Gambling Kingpin Captured Snorting Heroin at NJ Rest Stop
Reputed Genovese crime family member Vincent Coppola was arrested this past week as part of a roundup of individuals tied to what New Jersey authorities call an elaborate racketeering operation.
Latest Heisman Odds Heading Into Week 10
Carrie Stroup here with your latest Heisman odds as we prepare for Week 10 of the 2014 College Football season. Place your 1st bet here, get your 2nd bet FREE.
Alcohol, Drug Abuse Rampant in Poker World
Are most poker players drug abusers and alcoholics?
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.
Online Sportsbook Bonus With No Rollover: AceSportsbook.com Has 1x
If you are looking for an online sportsbook bonus with zero rollover, good luck. These companies are not charities. But there is some good news. AceSportsbook.com currently features a bonus offer with a nominal 1x rollover.
PokerStars Foreign Exchange Margin has Players Fuming
Following Gambling911.com’s report that PokerStars parent company Amaya may be preparing to make drastic changes to its business model, the company wasted zero time in imposing a foreign exchange margin for deposits and withdrawals, much to the dismay of long time loyal customers.
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.
Daniel Negreanu, Jack McClelland Newest Inductees into Poker Hall of Fame
This year’s Poker Hall of Fame inductees have been announced and they are the biggest earner in the game, Daniel Negreanu, and retired poker executive Jack McClelland.
