Gambling News
2nd Season of Sports Betting Reality Show ‘Money Talks’ Debuts Tonight
CNBC renewed the controversial sports betting reality show “Money Talks”, which premieres Wednesday night (March 19) at 10 pm EDT.
Dan Gosling Hit With £30,000 Fine for Gambling Violation
Newcastle United midfielder Dan Gosling has been fined £30,000 after admitting to multiple breaches of the FA's code on gambling on March 10.
Policy states a player "shall not bet, either directly or indirectly" on matches they are involved in, their team, or the competition they play in.
"Newcastle United's Dan Gosling has been fined £30,000, subject to any appeal, and warned as to his future conduct following an Independent Regulatory Commission hearing," an FA statement read.
Atlantic City Mayor: New Jersey Locked Out of March Madness Betting Unfair
ATLANTIC CITY, N.J. (Associated Press) — By this time, New Jersey figured it would be raking in the bets on professional and college sports.
But with its two-year bid to offer legal sports betting stalled and relying on a long-shot appeal to the U.S. Supreme Court, the only madness this March will bring New Jersey is anger that things did not turn out quite the way it hoped.
Paddy Power Pistorius ‘Will He Walk’ Bet Ad Most Complained About Ad Ever
The UK Advertising Standard Authority (ASA) has said that Irish bookmaker Paddy Power’s Oscar Pistorius murder trial 'Money Off If He Walks' ad was the single most complained-about advertisement ever recorded.
Paddy Power was forced to pull the ad after the ASA issued it a dire warning.
The ASA in its findings released Wednesday said: "We acknowledged that the ad had appeared in the context of a high profile murder trial that had received extensive media coverage and was of interest to the public.
William Hill, Other UK Bookmakers Hit Hard by Budget Blow
(Reuters) - The FTSE 100 slipped on Wednesday, with insurer Legal & General and gambling company William Hill slumping as changes imposed by the UK budget threatened their profits.
Taj Mahal Killer Confesses to Two More Atlantic City Murders
Raheem Simmons, 20, pleaded guilty Tuesday (March 18, 2014) to two counts of aggravated manslaughter for the 2011 shooting deaths of Antwan Brown and Travon Kinard in Atlantic City. Both victims were 20 years old at the time of they were killed. All three resided in Camden, New Jersey.
Pope Francis Plays Down Mafia ‘Hit’ Fears: Toddler Latest Victim of Italy Mob
The Vatican announced this week that Pope Francis was set to visit with victims of Italy’s Cosa Nostra.
“For the families of innocent victims, this meeting with the Pope is a gift,” Fr. Luigi Ciotti expressed in a March 15 article on Vatican Radio.
How Much Will be Bet on This Year’s NCAA March Madness Tournament?
Thinking about betting on this year’s NCAA Basketball Tournament? You’re not alone. If you’re wondering how much money will be bet on this year’s March Madness, here’s your answer…
Approximately $12 billion was wagered on last year’s tournament with one quarter of that being bet in office pools.
Compare that number to this year’s Super Bowl, arguably the most wagered on single day sporting event.
Ladbrokes Boss Rewarded £4.7m: 85 Per Cent Pay Raise: Still Faces August Axe
Richard Glynn may be on the hot seat if he can’t turn things around at the UK’s second largest bookmaker, Ladbrokes. Glynn has already been issued a dire warning that he will be getting the axe come August if financials don’t improve come August.
PartyPoker Founder Sued by Chevron Over Alleged Fraud
A judge in Gibraltar has that oil giant Chevron can move forward with a lawsuit seeking unspecified damages from PartyPoker (now Bwin.Party) co-founder Russell DeLeon in connection with his financing what the oil company says was a liability suit that ultimately turned into a racketeering conspiracy.
Caesars to Develop Casino in South Korea
SEOUL/HONG KONG (Reuters) - Caesars Entertainment Corp looks set to build its first gaming resort in Asia after South Korea granted preliminary approval for a large-scale foreigners-only casino - a key boost for a company that has largely missed out on the region's boom in gambling revenues.
The consortium of Las Vegas-based Caesars, Singapore's OUE Ltd and Hong Kong-based Lippo Ltd is also one of the first foreign ventures to gain an entry into South Korea's casino industry, a promising market by virtue of its proximity to China and the country's wealthy punters.
Poker Player Who Lost Prop Bet Gets 99 Character Name Change Approved
22-year-old “Full Metal Havok More Sexy N Intelligent Than Spock And All The Superheroes Combined With Frostnova” has had his name change approved by the New Zealand Department of Internal Affairs upon attempting to renew his passport.
BetOnSports Founder Gary Kaplan Assessed $36.5 Mil Tax Bill
BetOnSports founder Gary Kaplan will have to pay $36.5 million to the IRS after losing an appeal.
Kaplan’s attorneys initially argued double jeopardy as he was already ordered to pay the US government $44 million after having served a 51-month prison sentence.
Funeral Set for Las Vegas Gambling Pioneer Jackie Gaughan
LAS VEGAS (Associated Press) - A funeral is set Monday for a Las Vegas gambling pioneer who once owned much of the downtown casino market.
The service for Jackie Gaughan is scheduled for 11 a.m. at Saint Viator Catholic Community.
Gaughan died in hospice care Wednesday at the age of 93.
He was most closely associated with the El Cortez casino, which he used to own. He lived in a penthouse apartment there and was known to play poker in the casino almost every day.
Ifrah Law Wins Dismissal in PokerStars Class Action
Ruling for defendants in plaintiff-friendly jurisdiction likely spells end of class action
New York State Senate Approves Gambling in Airports
Albany, N.Y. (Associated Press) - The state Senate is proposing that New York authorize video lottery terminals, A.K.A slot machines, at international airport departure terminals to catch gamblers on their way out of the country.
The airports serving Buffalo, Albany and Syracuse, among others, appear to be out of luck.
The Senate budget resolution says it's for international departure terminals located within a city of one million or more.
That would appear to apply as proposed only to Kennedy and LaGuardia airports in New York City.
X-Rays Obtained in Alleged Floyd Mayweather Vegas Assault
TMZ.com has obtained the x-rays of two men who claim to have been assaulted by boxer Floyd Mayweather, Jr.’s crew.
Will Bookies Begin Offering Betting Odds on Malaysia Airlines Flight 370?
Since Malaysia Airlines Flight 370 carrying 227 passengers mysteriously went missing almost a week ago today, online bookmakers have so far shied away from offering odds on this event. The more riveting this story becomes, the less some bookmakers may be able to resist.
New Hampshire House Kills Gambling Bill
CONCORD, N.H. (Associated Press) - New Hampshire's House has stuck to its long-term tradition of opposing a casino and killed a bill that proposed licensing one casino with up to 5,000 video slots and 150 table games.
The House voted 173-144 Thursday to kill a bill that was the result of a special commission appointed to study regulatory issues after a casino bill failed in the House last year. The House has repeatedly rejected efforts to legalize casinos.
Caesars Claims Hidden Agenda Behind Mass Unflattering Background Check
Attorneys for Caesars Entertainment are citing newly released information from a Massachusetts Gaming Commission report as the main reason for an “unflattering background check” that prevented the casino giant from landing a lucrative contract in the state.
Ameristar East Chicago to Host HPT in August
East Chicago, Ind. –After a long history of success in Chicagoland, Heartland Poker Tour (HPT) is movin’ on up to a first-class property for their next visit to the area. Ameristar Casino Hotel in East Chicago, Ind. will become home to one of HPT’s biggest events of the year. An action-packed ten-day series will start with a deepstack event Aug. 8, and conclude with a nationally-televised Main Event beginning Aug. 15.
How Can I Enter the New Jersey Championship of Online Poker
In order to take part in the inaugural New Jersey Championship of Online Poker, one needs to be physically located in the state of New Jersey though it is not necessary to be an actual resident.
The PartyPoker website and all online gambling sites in the Garden State utilize a state-of-the-art geo-targeting system that prevents anyone from accessing the site for real money if logging in outside of New Jersey’s border.
New Jersey Championship of Online Poker Promising $600,000 Guaranteed
PartyPoker.com announced this week its first ever New Jersey Championship of Online Poker, available to anyone who has the ability to log into a computer from the Garden State – and that means you Pennsylvania, New York and Delaware residents. Just get your *ss over the border and play for your share of the $600,000 in prize money with a cool $50,000 going to the winner.
The event will be held in conjunction with the WPT World Championship live tournament at the Borgata Hotel, a PartyPoker partner in New Jersey.
Bayern Munich President Uli Hoeness Sentenced to 3.5 Years Prison for Tax Fraud
Bayern Munich President Uli Hoeness was sentenced Thursday to 3.5 years behind bars by a German court for tax evasion.
"In the name of the people, Mr Ulrich Hoeness is sentenced for seven serious counts of tax evasion to a prison term of three years and six months," Judge Rupert Heindl told the Munich courtroom.
Bwin.Party Sees Return to Growth Ahead of World Cup: Activist Investor Watches
(Reuters) - Online gambling company Bwin.Party said this year's soccer World Cup would help it to return to growth after problems in Greece and a shift away from riskier markets cut earnings in 2013.
Bwin.Party is concentrating on fewer markets where regulations are more clear cut and is expanding in the United States as gambling rules are relaxed there.
Rival Betfair, another of a cluster of online gambling companies that have grown up over the past decade, is pursuing a similar strategy.
Phil Ivey is Not Broke: Participates in Rare Interview (Video)
Phil Ivey dismissed rumors being spread by fellow poker pro Dan Bilzerian that he is broke.
"People can say what they're going to say… I don't really feed into that. His opinion is his opinion… He really doesn't know my financial status,” Ivey said during a rare interview conducted by Bluff Europe.
“Phil Ivey just went broke,” Bilzerian told CardPlayer.com in a January interview.
New Jersey Governor Christie Backs Away From Online Gambling Forecast
New Jersey Governor Chris Christie’s aggressive forecast for online gambling revenue was mostly seen as unattainable. On Tuesday, the Christie Administration backed off those initial projections, relaying its concerns to a leading Democratic leader in the state.
"Given the complex connections between internet and on-site gaming, we do not break down the anticipated total collections between the two sources," state Treasurer Andrew Sidamon-Eristoff wrote in a letter today to Sen. Paul Sarlo (D-Bergen).
Internet Gambling Growth Slows in New Jersey
ATLANTIC CITY, N.J. (Associated Press) — The growth of New Jersey's Internet gambling market slowed somewhat in its third full month of operation, with the Atlantic City gambling websites posting a nearly 9 percent revenue increase in February.
The 16 online gambling sites had posted a 28 percent gain in January, to $9.5 million. In February, the online sites won $10.3 million.
Bayern Munich President Evaded $18.5 Mil in Taxes: Used Money for Gambling
(Reuters) - Bayern Munich president Uli Hoeness stunned a German court on Monday by admitting he had evaded taxes of 18.5 million euros ($26 million) using a secret Swiss bank account - more than five times the amount on a prosecutors' charge sheet.
Once one of Germany’s most admired managers, Hoeness apologised and appealed for leniency at the start of a trial in a case that shocked Germany and prompted other tax dodgers to turn themselves in.
Las Vegas Gambling Pioneer Jackie Gaughan Dies at 93
(Associated Press) - A Las Vegas gambling pioneer who once owned much of the downtown casino market has died. John "Jackie" Gaughan was 93.
Clark County coroner's officials say Wednesday that Gaughan died in hospice care.
Gaughan is most closely associated with the El Cortez casino, which he used to own. He lived in a penthouse apartment there and was known to play poker in the casino almost every day.
He has also been associated with the Showboat, the Golden Nugget, the Pioneer and Boulder clubs, the Flamingo and the Royal Inn.
