Gambling News
Baccarat Accounts for 91 Percent of Macau Revenue
Baccarat has accounted for 91 percent of Macau’s gross revenue numbers and 67 percent of its gross income of 57.815 billion, according to the Gaming Inspecition and Coordination Bureau.
Insurance Broker Used $1.9 Million of Clients Funds to Gamble Online
An insurance broker from Prudential has been indicted, charged with allegedly bilking his insurance clients out of over $1.9 million and using those funds to gamble online.
The indictment alleges that Daniel J. Trolaro, 34, unlawfully used the funds of nine clients to place wagers via the Internet from June 2008 through February of this year while employed at Prudential in East Hanover, New Jersey.
Trolaro will not be arrested, however, he must appear before a judge in Morris County in the coming weeks.
Full Cash Games Confirmed at European Poker Tour Grand Final
Edgar Stuchly, President of the European Poker Tour, has confirmed a full slate of cash games at this year’s EPT Grand Final (2013)…..
Today I’m happy to confirm that this year’s PokerStars and Monte-Carlo®Casino European Poker Tour Grand Final will be the largest festival of cash games in the tour’s history.
Yes, cash games.
It’s Official: PokerStars Applies for NJ License to Operate Atlantic Club Casino
While news broke earlier in the year that the world’s largest real money online poker room was in talks to acquire the Atlantic Club Casino and Hotel in Atlantic City, PokerStars had not yet filed for the necessary licensing application with New Jersey’s Gaming Commission.
The company filed the application last week and will now undergo a 90-day review. Most industry experts believe PokerStars will ultimately be permitted to operate in the state.
Ohio AG Unit Raids Internet Cafes Over Illegal Gambling
COLUMBUS – (Associated Press) - Early Wednesday afternoon, Ohio Attorney General Mike DeWine and Cuyahoga County Prosecutor Timothy J. McGinty were in Euclid and announced the execution of six search warrants on six separate internet cafes that are currently open and operating illegally in Cuyahoga County.
Three are owned by VS2 Software, the company that supplies the Video Lottery Terminals.
Frederic Vacher Leads After Day 1a of First Ever Berlin Cup
French player Frederic Vacher is chip leader with 239,200 at the end of Day 1a of the first ever Berlin Cup. There are 85 players remaining from the 273 who started at noon. The €1,100 tourney has a guaranteed prize pool of €500,000. Today's survivors include Team Pro Jan Heitmann, Connor Drinan, Petr Jelinek, ************************, Yury Gulyy, Michael Tureniec and Thomas Mühlöcker. Updates are on www.pokerstarsblog.de (in German).
Poker Maximus V to Feature $2 Million in Guaranteed Prizes
Poker Maximus is back and bigger than ever! This time featuring over $2,000,000 in guaranteed prizes!
CarbonPoker is excited to announce we are running our fifth tournament series this year with the launch of Poker Maximus V. The last 4 Poker Maximus tournament series were so successful that players have been clamoring for the next installment.
Online Jackpot Games to Offer $2 Million at Cake Poker: Upgrades Blackjack
Popular online gaming site, Cake Poker (CakePoker.eu) has launched Jackpot Games, a selection of cash and Gold Chip buy-in casino and entertaining games that offer wins of up to $2 Million. In addition, Cake has launched an upgraded version of their BlackJack games with new, advanced features including auto play, speed settings and the inclusion of strategy tips.
Legends Sports to Shut Down: Will Transfer Accounts to Other Book
Exactly one week after indictments were handed down against 34 individuals tied to Panama-based Legends Sports, that long established sportsbook has made the decision to shut down.
Legends alerted customers via email that they were in talks with another top online sportsbook to have all accounts transferred.
Majestic Star Casino in Gary to Host Heartland Poker Tour in August
Gary, IN –Heartland Poker Tour (HPT), one of the longest-running televised poker tours in the United States, announced today its upcoming return to Majestic Star Casino & Hotel this summer, August 9th-19th. Majestic Star, located just 25 minutes outside of Chicago in Gary, IN, has been one of HPT’s most popular stops, hosting the tour each year since its second season in 2006.
PokerStars SCOOP 2013 Schedule Released: Will be Richest Online Poker Festival
ONCHAN, ISLE OF MAN –PokerStars today released the official schedule for the 2013 Spring Championship of Online Poker, which takes place from May 12-26 and features 44 events (132 tournaments) spread across low, medium and high stakes levels, making it the largest poker festival ever held.
Seminole Hard Rock Poker Open Will Feature $10 Million Guarantee
The Seminole Hard Rock Casino in Hollywood, Florida, has announced it will be hosting a $10 million guarantee poker tournament this Aug. 22-29. The Seminole Hard Rock Poker Open will be one of the largest guarantees of the year and is certain to draw big name players from around the globe. Gambling911.com, with headquarters nearby, will be in attendance.
NJ Men Arrested for Running Illegal Poker Games Tied to Russian Mob
Yugheshwar Rajkumar of Bergen County, New Jersey, has been taken into custody for his alleged role in running high stakes poker games tied to Russian organized crime.
The games were attended by Hollywood celebrities, athletes and high powered Wall Street executives, according to an indictment handed down on Tuesday.
Youth Brutally Murdered for Protesting Gambling Racket: Genitals Cut
An Indian youth was brutally murdered for his role in protesting a gambling racket.
The body of 20-year-old Subho Dhaki was found Tuesday morning at Shibtala in Dhulagarh, Howrah, under Sankrail police station. His genitals had been cut and placed in his pocket. Dhaki’s throat was also slashed.
The victim had protested gambling activity near his home at the Dhulagarh Market.
Spiros ‘The Greek’ Athanas Released on $1 Million Bond
One of online sports betting’s most legendary bookmakers, Spiros “The Greek” Athanas, has been released on $1 million bond according to court documents.
Athanas, one of 34 charged last Wednesday in connection to his alleged role in a multi-billion dollar sports betting ring, turned himself in two days later.
FBI Names Poker Hostess Molly Bloom, Others in Massive Gambling Ring Raid
Feds released the names of poker players connected to an investigation into a Russian organized crime ring that held high stakes poker games.
FBI agents arrested several people Tuesday in New York, Los Angeles, Miami and elsewhere as part of the investigation. Federal agents also searched a Madison Avenue art gallery located within the prestigious Carlyle Hotel.
NY’s Carlyle Hotel Raided in High Stakes Poker Probe With Mafia, Art Ties
A section of New York’s ritzy Carlyle Hotel was raided on early Tuesday in connection to an international multi-billion dollar gambling investigation with alleged ties to the Russian Mafia.
Online Poker Phenom Isildur1 Closes in on $2 Million in Just Over Week
One of online poker’s most famous young players, Viktor “Isildur” Blom, has won over $1.5 million in just over a week.
Following last week’s $1 million in winnings, Isildur1 took in another $548.1 million yesterday playing against another notable online poker, Tom “Durrrr” Dwan.
Blom had sought sweet revenge for a defeat Sunday at the hands of Dwan.
HighStakesDB.com highlighted one of the biggest pots of the day:
Vegas Refunds Celtics-Pacers Season Win Total Bets
In light of Monday’s tragic terrorist bombings at the Boston Marathon, Las Vegas sportsbooks have decided to refund all Celtics/Pacers season win total bets, according to Randy J. Bell of Pregame.com. It was not immediately clear if online sportsbooks would follow suit.
Free-to-Play Online Poker Network Zen Entertainment Acquired
A Swedish gaming company has purchased the troubled free-to-play online poker network Zen Entertainment.
NYX Gaming Group has completed the acquisition according to Gaming Intelligence Report.
Gambling911.com Marketing: Bitar, Bitcoins and Legends Continue to Dominate
Gambling911.com continued to receive plenty of readership traffic April 15 for the latest news on Full Tilt Poker former head Ray Bitar, updates on last week’s Legends Sports bust in the United States and our extensive coverage on Bitcoin’s crazy rollercoaster ride.
[For industry professionals, be sure to check out our Marketing section regularly here and if you wish to contact us, please do so here. We are available 24/7.]
Legends Sports ‘Bookie’ to Remain Behind Bars: Deemed a ‘Fight Risk’
While three of four individuals arrested in Florida for their role in a massive multi billion dollar sports betting ring have been released on bond, one will remain behind bars.
Prosecutors claim Philip Gurian, 51, acted as a “bookie” out of his Boca Raton home on behalf of Panama-based Legends Sports. The Sun-Sentinel reported Monday evening that Gurian had employees working for him in 10 different states and 6 countries. He is charged with conspiracy to commit money laundering.
Ladbrokes Shares Plunge: Profit Warning Issued
LONDON (Reuters) - Ladbrokes , Britain's second largest bookmaker, warned investors it expected annual operating profit to fall this year after a poor performance from horse racing and online gaming in the first quarter.
Ladbrokes shares fell eight percent after the unscheduled trading statement, which dashed expectations that the company was turning itself around after problems with its online operations last year.
Daniel Negreanu Wins 2013 WSOP APAC and 5th Bracelet
Big name poker pro Daniel Negreanu has won the 2013 World Series of Poker APAC and his 5th gold bracelet.
It has taken Negreanu five long years to win his most recent bracelet. In doing so he managed to take down 405 other players and win AUD$1,038,825.
The Toronto, Canada native sits among the biggest money earners on the live poker circuit of all time, winning just over $17.5 million in his career.
PokerStars, Full Tilt Poker Would be Permitted to Offer Online Poker in Illinois
Illinois is pushing to legalize online poker as part of a gambling expansion bill. On Monday it was revealed that both PokerStars and Full Tilt Poker would be permitted to apply for licensing in the state. The two companies were named in a 2011 indictment.
Full Tilt Poker Founder Ray Bitar Sentenced to Time Served
Full Tilt Poker founder Ray Bitar plead guilty last week to operating an illegal online poker company.
Bitar who is awaiting a heart transplant and only has 6 months to a year to live without one, will not be serving any prison time. The former Full Tilt Poker head was sentenced to time served exactly two years to the day he was indicted.
Private Equity Group Sports Betting Bill SB346 Advances in Nevada Senate
A bill to allow private equity groups to place large bets at Nevada sportsbooks has advanced in the state Senate with the Judiciary Committee amending and approving Senate Bill 346 this past Friday.
Guns, Online Gambling Ensure Bitcoin Staying Power
As long as online gambling remains on the fringe of legality in nations across the globe, Bitcoin should emerge as a viable alternative currency for the industry as more operators come to embrace it.
And then there are guns.
With US efforts to curb gun sales through expansion of background checks, Bitcoin suddenly becomes more attractive to gun sellers and buyers.
Formula One Group Looks to Acquire Online Betting Exchange Betfair
A private equity firm that owns Formula One motor racing is looking into the possible purchase of Europe’s largest betting exchange, Betfair.
CVC Capital Partners confirmed on Monday it was in talks with investors about the possibility of a joint offer for the wagering firm, said to be worth around £800 million.
‘Straight Flush’ Book Details Absolute Poker: Excludes Cheating Scandal
“Straight Flush”, a story of how Montana college frat brothers launched one of the biggest online poker rooms, Absolute Poker, is available for pre-order now.
The book won’t be on shelves until May 28.
Author Ben Mizrich reportedly omits any information pertaining to an insider cheating scandal that would eventually be featured in a segment on the CBS news magazine “60 Minutes”. Mizrich instead opts to focus on how the once financially strapped college students began earning around a million dollars a day after developing their Web card room.
