Gambling
FanDuel Gets Naming Rights on Floyd Mayweather Trunks
The world leader in daily fantasy sports, FanDuel.com, announced this week it has purchased the naming rights to none other than Floyd Mayweather’s trunks. He will have them on full display during his highly anticipated May 2 bout with Manny Pacquiao.
As part of the deal FanDuel will award six tickets to the welterweight fight at the MGM Grand in Las Vegas.
Goodell Addresses Daily Fantasy Sports, Gambling and the NFL
NFL Commissioner Roger Goodell addressed the Associated Press Sports Editors group Friday on a number of topics, including daily fantasy sports and the role gambling may play in the National Football League (NFL).
In particular, Goodell referenced a number of sponsorship deals between individual NFL franchises (and other professional sports teams) with daily fantasy companies the likes of DraftKings and FanDuel.
From the Canadian Press:
Diddy and Mark Wahlberg Place $250K Bet on Mayweather-Pacquiao Fight
Over the past 24 hours, two of the entertainment industry’s richest men – music mogul P. Diddy and actor/producer Mark Wahlberg – have placed a $250K bet on the much ballyhooed Mayweather-Pacquiao fight (May 2).
Diddy is back Mayweather while Wahlberg is all over PacMan.
Iowa Casino Doesn’t Have to Pay 87-Year-Old Grandma $41 Million Jackpot Error
IOWA CITY, Iowa – (Associated Press) - When an 87-year-old Illinois grandmother bet a quarter in an Iowa slot machine in 2011, she thought she'd hit it big. The screen said: "The reels have rolled your way! Bonus Award - $41797550.16."
BetMayor Casino Complaints: Gambling Company Confiscates $51,000 From Player
A player has reported that BetMayor Casino has confiscated $51,000 in winnings after that individual went on a two-month hot streak, winning 87% of the nearly 40,000 hands.
William Hill Reports Record Weekly Loss in January
The United Kingdom’s biggest bookmaker revealed it lost £14m in January after a series of what it referred to as "customer-friendly" football results.
Shares were down 3.3 percent in Thursday’s midafternoon trading as a result. Some of that was recovered by Friday.
Gambling911.com Founder Chris Costigan to Speak at Daily Fantasy Sports Expo
New York, NY--Ticonderoga Ventures, Inc. announces that publisher Chris Costigan of the leading gambling news site Gambling911.com will be speaking at the first ever Daily Fantasy Sports Expo
(www.fantasysportsexpo.com ) on August 6-7, 2015 at the Miami Beach Convention Center.
Pete Rose Gets Permission to Participate in MLB All Star Game This Summer
NEW YORK (Associated Press) – Commissioner Rob Manfred says Pete Rose will be allowed to participate in activities surrounding this summer’s All-Star Game in his hometown of Cincinnati.
Law Firm Talks Violation of Poker Pro Paul Phua Rights as Part of FBI Ruse
In a case testing the boundaries of how far the government can go when creating a ruse to access a suspect’s premises, a U.S. District Court in Nevada concluded that the government’s disruption of internet service to a hotel room in order to generate a service call, and allow access by government agents, violated the Fourth Amendment rights of the hotel guest.
FanDuel Enters Into Deal With 15 NFL Teams
NEW YORK — (Associated Press) - Nearly half of the teams in the NFL have signed sponsorship deals with FanDuel, the daily fantasy sports website.
The announcement of 15 football teams on Wednesday adds to the roster of professional sports sponsorships for FanDuel. It already had a deal with the NBA, which received an ownership stake in the company, and seven pro basketball teams. Major League Baseball and the NHL have deals with a competitor, DraftKings.
Las Vegas Sands Misses 1st Quarter Earnings: 34 Percent Drop in Profit
LAS VEGAS — (Associated Press) Las Vegas Sands Corp. CEO Sheldon Adelson said he knew what question was coming: when would the steady and steep decline in the world's most lucrative gambling market hit bottom?
A corruption crackdown that has shaken up the up-until-recently skyrocketing gambling business in Macau, China has sped swift drops in revenue and activity there.
English Sports Betting Head Dead
The long time CEO and Managing Director of one of the first offshore sports betting companies, English Sports Betting, has passed away.
Tom Lanford died from natural causes recently. He ran the long established company while it was based out of Jamaica during much of the 1990’s. Once a wealthy businessman, Lanford was living on the streets of Atlanta, homeless, at the time of his death at 53.
Yahoo! to Enter Daily Fantasy Sports Sector
Long established in the world of season-long fantasy sports, Yahoo! CEO Melissa Mayer announced this week that the multinational Internet corporation and search engine powerhouse will be entering the real money daily fantasy sports market this summer.
First New England Mobster Sentenced to Life for ‘3 Strikes’ Rule Dies at 75
Notorious New England mobster Gerard "The Frenchman" Ouimette has died of lung cancer at the age of 75.
New Credit Card Merchant Number May Boost State Online Gambling Acceptance
Since New Jersey legalized online gambling in the Garden State over a year ago, one of the biggest obstacles has been the low acceptance rate of credit cards.
Many of the major banks have blocked nearly all forms of Web gambling transactions in recent years, failing to discern between "legal" (the NJ sector, fantasy sports, horse racing and state lotteries) and the "illegal".
Evidence Ordered Thrown Out in Phua FBI Ruse Case
A federal judge has ordered most of the evidence against poker pro Paul Phua thrown out as part of an FBI probe that apparently went a little too far.
Phua and other alleged co-conspirators were said to have been running a World Cup betting ring from their villa at the Caesar’s Palace. FBI agents posed as cable repairmen to gain access.
Jon Stewart Blasts Christie for Pot Stance While Endorsing Online Gambling
“Daily Show” host Jon Stewart took New Jersey Governor Chris Christie to task over his anti-marijuana stance while simultaneously endorsing legalized online gambling in the state.
Sportech Shares Rise on News of US Entry
Gambling group Sportech (SPO) gained 2.3% to 66.25p Tuesday on news its US racing subsidiary has been awarded a gaming licence in New Jersey.
Iowa Halfway Home in Legalizing Fantasy Sports, State Senator Tells G911
DES MOINES, Iowa -- In 2006, the U.S. Congress passed the Unlawful Internet Gambling Enforcement Act (UIGEA), crippling online wagering by making it illegal to use financial instruments such as credit cards to fund Internet betting.
Mobster Tried to Sell Art from 1990 Museum Heist
HARTFORD, Conn. (Associated Press) -- A reputed mobster told an undercover FBI agent that he had access to two of the long-sought paintings stolen from Boston's Isabella Stewart Gardner Museum in 1990 and could negotiate a sale of each for $500,000, a prosecutor said Monday.
Robert Gentile, a 79-year-old convict from the Hartford, Connecticut, suburbs with a criminal record dating to the 1950s, allegedly made the offer following his release from prison a year ago, prosecutor John Durham said.
Adam Silver on Gambling and the NBA: ‘Good for Business’
NBA Commissioner Adam Silver has doubled down on his initial stance that sports betting should be legalized in the U.S.
Silver stunned many after writing an op-ed piece in the New York Times last fall suggesting that sports gambling should be “brought out of the underground”.
On Monday, the NBA Commissioner took things one step forward.
100,000 Officials Reprimanded as Part of Chinese Corruption, Gambling Crackdown
BEIJING – (Associated Press) - The top anti-graft body of China's Communist Party says more than 100,000 officials have been reprimanded since late 2012 for violating policies mandating more austere working practices.
The party's Central Commission for Discipline Inspection said in its monthly report Monday that 5,340 officials were reprimanded in December 2014, the most recent month studied. That pushed the two-year total of reprimanded officials to 102,168.
TopBet Slow Payouts Complaints Blamed on Processing Issues
A series of slow payouts complaints related to three-year-old Manila-based online sportsbook TopBet.eu have begun filing in to the industry monitoring site SportsBookReview.com, prompting concerns from sports bettors. Update: April 25, 2015 - Some affected players report receipt of payments
Harry Reid Vows to Help Adelson With Internet Gambling Prohibition Bill
Outgoing Senate Minority Leader Harry Reid has said he will assist in any way possible to push through legislation banning most forms of Internet gambling, including poker.
Restore America’s Wire Act or RAWA is the brainchild of casino magnate and GOP megadonor Sheldon Adelson. The legislation is co-authored by Republican Senator Lindsey Graham of South Carolina and Republican Representative Jason Chavitz of Utah.
NatWest Manager Jailed for Stealing £185,000 to Fund Online Gambling Habit
A former NetWest manager, Glenn Mason, 56, has been jailed for plundering the accounts of nine pensioners including an 83 year-old woman and a 92 year-old man, all to the tune of £185,000.
Mason stole the funds in order to help fuel his online gambling habit. He now must pay back every last penny.
Mason will serve 15 months behind bars.
PokerStars Parent Company Rational Group Appoints Zynga Exec
The parent company of the world’s largest real money online poker room has hired an executive of the world’s largest free-to-play online poker site.
Trial of Legendz Sports Founder Bartice “Luke” King Gets Underway
The trial of Legendz Sports founder Bartice King (better known as “Luke” among his peers) got underway Thursday in an Oklahoma City courtroom following two days of jury selection. The case number is CR-13-063-1-F, listed on the local courtroom docket as USA vs. Bartice A. "Luke" King.
Global Sports Betting Worth $3 Trillion, Most of it Illegal
(AFP) - The global sports betting market is worth up to $3-trillion, the vast majority of that generated by illegal gambling, a United Nations conference on crime being held in Doha heard on Wednesday.
Patrick Jay, a British-based independent betting expert, said around 65 per cent of that global figure was spent on football betting, with the Asian market the centre of sports gambling.
Magnus Hedman the New Man Behind the Curtain at Pinnacle Sports
SBC News has revealed that Touchbet ltd and Sporting Index owner Magnus Hedman is the new majority shareholder in Pinnacle Sports, once among the biggest online sportsbooks catering to North America. The company pulled out of the US market in 2007, opting instead to focus on Europe and Asia.
Guilty Pleas Entered in Illegal Vegas Sports Betting Case: $4.3 Mil to be Forfeited
Four individuals have struck deals with the U.S. Government to plead guilty in a long running investigation into a multi-million dollar sports betting business.
