Gambling News
Golden Nugget Obtains Second NJ Online Gambling Permit
The Golden Nugget is the second Atlantic City casino operator to be granted an Online gambling permit.
New Jersey anticipates launching its Web gambling industry on November 26 with real money play permitted by those physically located within the state’s borders.
Lisa Spengler, a spokeswoman for the New Jersey Division of Gaming Enforcement, said there is no competitive advantage to being issued a permit early as the launch date is the same for all casinos.
Last week the Borgata was the first casino property to receive a permit.
Judge Throws out Lawsuit Challenging New York Gambling Referendum
ALBANY, N.Y. (Associated Press) — A judge on Wednesday dismissed a lawsuit challenging a referendum on Gov. Andrew Cuomo’s proposal to authorize seven more casinos in New York, ruling it was filed too late.
The suit by Brooklyn lawyer Eric Snyder contested the language of the Nov. 5 ballot proposition, claiming it was biased in favor of approval. It was reworded by the Cuomo administration and legislative leaders to promise benefits including jobs, lower taxes and school aid without mentioning any potential downside to casinos, including problem gambling and crime.
Betfair Launches LetsPlayNJ.com for Web Gambling but Can’t Play Yet in Garden State
While New Jersey prepares to begin allowing online gambling by the end of next month, European powerhouse Betfair has mostly been left out in the cold.
Embezzlement Scheme Uncovered at Bodog: Several Employees Allegedly Involved
The online gambling firm Bodog has accused a number of high-ranking company officials of perpetrating a scheme to embezzle millions of dollars from its Asian operation.
Caesars Stock Price Slides 12 Percent: No Right to Online Gambling IPO
Caesars Entertainment Corp. has sold 10.3 million shares of its common stock to a Swiss banking firm for $200 million, resulting in a sharp 12 percent decline in its share price Tuesday (October 15). This represents the biggest decline of the year so far.
The stock began trading without rights to participate in an IPO of the company’s online gambling unit. Anyone purchasing the stock as of the 15th would not enjoy rights to the new unit. Those already owning stocks in Caesars will be able to purchase Caesars Acquisition Co. stock.
Mobster-Turned-Cattle-Rancher to Face Trial for Conspiracy, Murder
(Associated Press) - With his East Coast accent and tales of living in New York, Jay Shaw stood out when he moved to the tiny farm town of Marsing, Idaho.
But he was friendly enough, even helpful, to his neighbors, and they never suspected him of having a dark secret.
Anticipated Positive Results With This Week’s Sands Earnings Report
Las Vegas Sands (LVS) is expected to report its Q3 2013 earnings this coming Thursday October 17 and results should be positive according to Zacks Investment Research’ Steve Reitmeister.
Poker Pro Annie Duke: ‘Smart’ People are Manipulating Us
Female poker pro Annie Duke says we should be careful about what we read as smart people control the news and, as such, manipulate it.
Casino Woes Continue in Atlantic City: Revenues Way Down
ATLANTIC CITY, NJ — (Associated Press) - Thousands of people came to Atlantic City to see Miss America last month, but not enough of them ventured into a casino to boost the gambling halls’ monthly revenue.
Atlantic City’s casinos saw their revenue fall by nearly 13 percent in September compared with the same month last year.
The city’s 12 casinos won $240.2 million from gamblers, a decline of 12.9 percent from September 2012.
$59 Million Spent on Gambling Lobbying in NY Since 2005
A staggering figure indeed: As Gambling911.com reported the other day, New York State has received a substantial amount of money from gambling interests over the years.
How much in total?
From the New York Times:
Prostitution Charges Dropped Against Poker Pro Greg Raymer
Prostitution charges have been dropped against one of poker’s biggest stars, Greg Raymer, after he successfully completed 75 hours of community service at a local non-profit.
Return of Miss America Pageant to Atlantic City Doesn’t Boost Revenue: Costs $400k
Atlantic City, NJ – (Associated Press) - The return of the Miss America pageant to Atlantic City brought attention to the seaside gambling mecca and a boon to police and public works employees.
The Press of Atlantic City reports the pageant cost the city about $400,000 in overtime. The city’s business administrator tells the newspaper that some of the costs will be reimbursed, possibly by the state. But it isn’t known how much, or when.
Gambling Pastor Embezzles $230k: School Funds Utilized
A Boston area pastor has been relieved of his duties after allegations surfaced that he had stolen more than $200,000 to help support his gambling addiction.
Father Stephen M. Gemme of Saint Bernadette Parish in Northboro, Massachusetts has served as that congregation’s pastor for nearly 10 years. The church published the announcement on its website.
Part of the letter, written by Reverend Robert J. McManus Bishop of Worcester, reads:
My dear brothers and sisters in Christ,
Woman Stiffed Out of $1 Mil Casino Prize: Casino Joins Her Suit to Recover Winnings
A woman has filed suit claiming she was stiffed out of winnings from an Oregon Tribal casino promotion.
Beverly Mackey won the $1 million dollar grand prize in Tribal casino Chinook Winds’ Swipe, Play & Win promotion game. The former home health care provider, who recently had heart surgery, has been denied the winnings.
Vault of Satoshi Offering Trades Between Fiat Currency and Bitcoin
A new Canadian exchange promises cheaper rates at 0.5 percent or below and an advanced API.
The Toronto-based Vault of Satoshi will offer trades between fiat currency and either bitcoin or litecoin, two anonymous digital currencies.
Americas Cardroom Multi-Tabling Option With $100k, Punta Cana Entries Up for Grabs
Americas Cardroom players have a staggering multi-tabling opportunity this Sunday October 13th as the U.S.-friendly online poker site has scheduled two major tournaments alongside one another. 12-Package Punta Cana Poker Classic Guarantee and a $100,000 Guaranteed.
Robin Ylitalo Wins PokerStars EPT London Main Event for £560,980
Swedish pro Robin Ylitalo has won the £5,250 PokerStars.com EPT London Main Event today for a £560,980 first prize.
The 27-year-old from Gothenberg, who made the final of EPT8 Campione, beat Greek player Georgios Karakousis heads-up to win his first EPT title and a stunning watch from Official EPT 10 Main Event Watch Sponsor SLYDE.
He said: “It’s amazing to win this, the best feeling. I absolutely thought I could do it... I thought I was able, but it didn’t happen. I can’t put words to how great it feels. I have been dreaming of this for a long time.”
EPT London Final Table Determined
The EPT London Final table is set with many unfamiliar names but with many international flavors from the local UK to Greece, Australia, Scandinavia and Slovakia. This event is sponsored by PokerStars.com.
Millionairess Carole Waugh Murdered by High Rolling Conmen
High stakes gamblers Rakesh Bhayani and Nicholas Kutner have been charged with murdering a wealthy businesswoman in order that they could fleece her bank accounts to support their gambling lifestyle.
Ms Waugh, 49, an accounts clerk in the oil industry and an escort, lived alone at a £600,000 flat in Marylebone, central London, the Mirror reported.
She had been missing since May with her body eventually discovered in a New Malden, south-west London garage.
PokerStars Live Macau Announces MPC20
Macau Poker Cup celebrates 20th installment with special HK $8 million guarantee for the Red Dragon Main Event
MACAU, CHINA – October 11, 2013 – ‘PokerStars LIVE Macau’ today announced its plans for the 20th installment of the Macau Poker Cup (MPC), which takes place from January 10-21, 2014.
In celebration of MPC20, the legendary Red Dragon Main Event has been given a massive HK $8 million (US $1 million) guarantee.
Ben Affleck Knew ‘Runner, Runner’ Would be an Epic Failure
“Runner, Runner” star Ben Affleck was so worried over the outcome of the online gambling flick that he brought in his go-to-film editor, Academy Award winner William Goldenberg, to spruce things up.
Jury Begins Deliberations in Florida Veterans Gambling Case
SANFORD, Fla. (Associated Press) -- Florida's statewide prosecutor has told jurors that an attorney "gamed" the legal system to help build a multimillion-dollar network of storefront casinos throughout Florida under the guise of a veterans' charity.
In rebuttal closing arguments, Nick Cox said Thursday at Kelly Mathis' trial that the Jacksonville attorney manipulated the law while helping Allied Veterans of the World set up Internet cafes in Florida.
Later Thursday, jurors could begin deliberating whether Mathis committed any crimes.
Two South Carolina Men Charged With Running Illegal Gambling Operation
GREENVILLE, S.C. (Associated Press) — Two men are being held on charges of laundering more than $140 million in connection with an illegal gambling operation.
A report Thursday by WYFF-TV says Bobby Mosley and Michael Caldwell have been charged with operating an illegal gambling business. Also named in the indictment were the firms Gateway Systems, Frontier Software Systems and Frontier Gaming.
Jury to Decide Florida Charity Gambling Role
(Associated Press) - The case against a lawyer accused of helping to build a multimillion-dollar network of storefront casinos throughout Florida under the guise of a veterans' charity is based on "blurry evidence," a defense attorney said Wednesday.
Attorney Kelly Mathis is the first of more than 50 other defendants to go on trial in the Allied Veterans of World case that led to the resignation of Florida's lieutenant governor and a ban on all Internet cafes in the state. It also drove legislators to return campaign donations made by the group.
Legends Sports Operative Philip Gurian Enters Guilty Plea
As reported by Gambling911.com Tuesday, Legends Sports operative Philip Gurian has agreed to waive grand jury indictment and plead guilty to conspiracy in connection to his role in an international sports betting ring.
2nd in Command of Nuke Program Stripped of His Duties Following Gambling Fraud
The second in charge of the US nuke program has been demoted following a gambling fraud investigation involving counterfeit poker chips at an Iowa casino. Little details were provided over the matter other that it occurred this summer.
Vice-Admiral Tim Giardina was relieved of his duties at the US Strategic Command in Nebraska outside of Omaha. He was also stripped of his rank. The US Strategic Command oversees all of America’s cyber warfare activities and military satellites in addition to providing a storage facility for the world’s largest nuclear stock pile.
Borgata Claims First Internet Gambling Permit
(Associated Press) - On an otherwise cloudy day in Atlantic City, a bright spot of news: New Jersey's first Internet gambling permit has been issued to the Borgata in Atlantic City.
The New Jersey Division of Gaming Enforcement says the casino was the first to complete the application and must wait until Nov. 21 to actually make use of the permit.
On that date a 5-day trial period begins. If that goes well, state residents and visitors will be able to access Internet gambling on Nov. 26.
Gamblers Betting on Twitter IPO Valuation
NEW YORK (Reuters) - Though Twitter's first day on the stock market is probably still months away, a handful of international gamblers aren't waiting for the official debut and are already laying bets on how much the social media site will be worth.
Initial public offering experts are floating a market capitalization for Twitter of around $10 billion, but bettors on the Irish gambling site Paddy Power give the shortest odds to it closing with a market cap 50 percent to 100 percent above that.
Lawsuit Claims Americare Boss was ‘Pervert’ and ‘Degenerate Gambler’
A lawsuit filed in a Brooklyn Federal Court by former Americare supervisor Mendel Cohen claims his boss, Favish Pewzer was a pervert and degenerate gambler, among other things.
The ex-employee of Americare also claims he was sexually harassed by Pewzer, an Orthodox Jew and married father of five, who Cohen claims lived a double life. The lawsuit also alleges that Pewzer regularly smoked pot and solicited hookers.
William Hill Issues Profit Warning
(Reuters) - British bookmaker William Hill said a poor retail performance in its third quarter meant operating profit had fallen 20 million pounds ($32.5 million) below expectations, warning that shortfall may not be recovered by the year end.
Quiet trading in July helped push retail net revenue in the 13 week period to Oct 1 down 4 percent on an underlying basis, the firm said on Thursday, with gross margin wins falling 0.8 percentage points as football results went the way of customers.
