Gambling
Verdict Reached in Las Vegas Sands Case
LAS VEGAS (Associated Press) — A Las Vegas jury has reached a verdict in a Hong Kong businessman's breach-of-contract lawsuit against the Las Vegas Sands, potentially bringing nine years of litigation to an end.
Richard Suen sued the casino giant run by multibillionaire Sheldon Adelson for $328 million in 2004. He says the company owed him for his help securing a lucrative gambling license in the Chinese territory of Macau, the only place in that country where casino gambling is legal.
Blue Monday’ Online Gambling Beneficiaries Jailed, Forced to Resign
It’s been nearly two years since close to a dozen online gambling domain names were seized as part of a payment processing sting operation.
Spate of Casino Kidnappings has Officials, Gamblers Worried
The number of casino crimes in Macau jumped during the first quarter of 2013. These include a rise in kidnapping reports.
From Macau Business Daily:
John L. Smith: Allowing Sports Betting Investor Groups in Vegas Carries Some Risk
John L. Smith, a columnist for the Las Vegas Review Journal, offered his assessment of a planned move to allow investment groups or syndicates to place large wagers in the state of Nevada.
Nevada Gambling Revenue Up 7 Percent in March
CARSON CITY, Nev. (Associated Press) — Three-quarters of the way through the fiscal year, gambling revenue at Nevada casinos is running nearly 3 percent ahead of last year.
The Nevada Gaming Control Board said Friday casinos statewide won more than $914 million in March, a 7 percent gain over March 2012. That pushed the fiscal year-to-date total to nearly $8.4 billion, 2.8 percent more than last year.
5WPR Finalist for American Business Awards 2013 PR Agency Of Year
A longtime friend to Gambling911.com and oft-used source 5WPR has been named a finalist in the Public Relations Agency of the Year category by The 2013 American Business Awards. The 5WPR Nomination was entitled Re-writing the Rules of PR: 5W Builds an Agency for a New Media Landscape.
Additionally, Ronn Torossian, the founder of the firm was named a finalist in the Communications, Investor Relations, and PR Executive of the Year category.
Gambling911.com Exclusive: Lock CEO to Address Player Concerns
Lock Poker Founder and CEO Jennifer Larson has agreed to a sit down interview with Gambling911.com to address recent player concerns revolving around its new player-to-player transfer policy and payment processing issues.
Various media outlets and posting forums have expressed concerns over the solvency of Lock in recent weeks. Larson insists her company is in top financial standing and hopes to have payment processing issues resolved in the coming weeks.
In a precursor to the upcoming interview, Ms. Larson elaborated on the player-to-player transfer controversy.
New Head of E-Gaming appointed in the Isle of Man
THE Department of Economic Development has appointed Peter Greenhill as its new Head of e-Gaming Development.
Minister for Economic Development John Shimmin MHK said:
‘E-Gaming is hugely important to the Island’s economy, representing around 8% of our National Income and directly employing around 800 people. The Island is well established as a world-leading centre of excellence for e-gaming and this appointment is a vital one to help maintain and grow our successes in this sector.
Queen’s Speech: ‘All UK Gambling Companies Must Have License’
Online gambling companies will not be able to advertise their products in the UK without the proper license.
The Queen’s Speech outlined the new requirements.
Floyd Mayweather: ‘Gambling Don’t Define Who I am as a Person’
Boxer Floyd Mayweather recently sat down with Jordan Schultz of Huffington Post to discuss everything from Manny Pacquiao to Showtime to 50 Cent to gambling.
It’s no secret that Mayweather is a pretty big gambler. He enjoyed some nice-sized wins during the last football season and provided his wagering tickets to prove he actually made these bets.
Google Glass to be Banned From Caesar’s Casino
Google Glass, a wearable computer with a head-mounted display that can take pictures and videos, will not be permitted in Caesar’s Palace Casino.
A Caesar’s Palace representative released the following statement:
Top Florida Officials Named Witnesses in Internet Café Gambling Case
SANFORD, Fla. – (Associated Press) - Some of Florida's top politicians and law enforcement officials were named as defense witnesses Tuesday for a Jacksonville lawyer charged with being the mastermind behind a veterans' charity that prosecutors say was actually a gambling operation at strip malls that offered sweepstakes games across the state.
College Golfers Becoming Gambling Addicts: 21 Percent Bet on Sports
The NCAA over the past nine years has attempted to prevent college athletes from engaging in reckless behavior such as gambling.
According to data from the NCAA's quadrennial survey on gambling behaviors and attitudes, there is a noticeable uptick in gambling among college-age golfers.
Undercover FBI Agents Placed Bets on Legends.com, Won and Lost Thousands
FBI agents from the Oklahoma City office placed bets with Panama City-based Legends.com (known also as Legends.com and Legendz.com) as part of a nearly 10-year investigation leading to the indictment of nearly three dozen individuals.
US Sees Biggest Increase in Casino Gambling Since the Recession
Good news for the US casino industry as figures show gambling revenues across the board have increased the most this past year since the start of the recession in 1998.
Three Men Sentenced for Role in Running Online Gambling Site
The United States Attorney for the District of Connecticut on Friday announced the sentencing of three Hartford men for their role in running an online sports betting site out of Costa Rica.
Absolute Poker Frontman Paul Leggett Resurfaces at Amaya
Former Absolute Poker COO Paul Leggett has been maintaining a low profile ever since “Black Friday”, a day in which the US Government cracked down on AP and two other big name US-facing online poker firms.
Two years later Liggett has emerged as the new head of Amaya’s online poker venture.
Casinos Brace for Internet Gambling
ATLANTIC CITY, N.J. (Associated Press) — With legal gambling now moving beyond the casinos and onto the Internet, the industry is bracing for the most far-reaching changes in its history.
A Las Vegas firm, Ultimate Gaming, on Tuesday became the first in the U.S. to offer online poker, restricting it, for now, to players in Nevada. New Jersey and Delaware also have legalized gambling over the Internet and expect to begin offering such bets by the end of this year.
Gambling on Sex Toy Races a Hot New Trend
Last month in Las Vegas during the International Lingerie Salon, Fun Factory held a gambling party that featured wagering on none other than sex toys.
The game is called “Stronic Sex Toy Race” and here is how it works, as explained by XBIZ.com:
San Francisco Examiner: WSEX Founder Killed Himself With Illegal Gun
Tom Somach reports in the San Francisco Examiner Sunday that Steve Schillinger of Word Sports Exchange, who killed himself last month, had an illegal gun and Antigua police are investigating how he got it, where and from whom he got it.....Read the Sunday edition story on Schillinger by clicking here.
San Francisco Examiner to Cover Steve Schillinger Suicide
Gambling911.com can confirm that the San Francisco Examiner,, one of America’s most prominent newspapers, will be running a feature story on the death of World Sports Exchange founder Steve Schillinger. That story was expected to be published on Sunday (May 5, 2013).
With Casinos Coming Online in US Lawyers Plot Gambling Addiction Suits
LOS ANGELES (Reuters) - States and casinos racing to legalize online gaming may find some unwelcome visitors on their websites: product liability lawyers.
A group of 10 lawyers and academics with experience in prior liability cases met in Indianapolis in mid-April to discuss whether a lawsuit claiming online gaming further promotes gambling addiction has a shot at winning.
Illinois Gambling Expansion Measure Approved: Online Language Removed
The Illinois state Senate voted 32-20 in favour of SB1739, a measure that would allow expansion of gambling within the state’s borders. Language related to legalized online gambling had been removed in recent days.
Bill to Stop Expansion of Internet Cafes in Ohio Heading to State Senate
COLUMBUS — (Associated Press) - A bill that would immediately halt the expansion of Internet cafes in Ohio cleared a legislative panel Tuesday evening and was headed for a vote by the full state Senate.
The measure would extend a current moratorium on the opening of new sweepstakes gambling operations until June 2014, as lawmakers consider a ban on the facilities. The legislation also would require operators of current facilities to file more thorough affidavits of existence with the state. And those who don’t submit a new affidavit could face a fine of up to $1,000 a day.
85-Year-Old Avoids Prison Sentence for Running Illegal Gambling Business
BOSTON (Associated Press) - Three Cape Cod men who pleaded guilty in 2011 to running an illegal gambling ring have avoided prison time.
Federal prosecutors say 86-year-old Adam Hart and 62-year-old William Neofotistos were sentenced to two years of probation, including six months of house arrest.
They were also fined $40,000 and $10,000, respectively.
Also, 34-year-old Timothy Reardon was sentenced to two years of probation and fined $3,000.
WSEX Founder Left Suicide Note: Hated Having to Stiff Customers
World Sports Exchange founder Steve Shillinger reportedly left a suicide note behind prior to taking a gun to his head last week.
Pathological Gambling Caused by Excessive Optimism
Compulsive gamblers suffer from an optimism bias that modifies their subjective representation of probability and affects their decisions in situations involving high-risk monetary wagers. This is the conclusion drawn by Jean-Claude Dreher's research team at the CNC (Centre de Neurosciences Cognitives, CNRS / Université Claude Bernard Lyon 1). These findings, published in the May print edition of Psychological Medicine, could help explain and anticipate certain individuals' vulnerability to gambling, and could lead to new therapeutic approaches.
Internet Gambling Bill in Illinois Would be Standalone
Whether this reduces the chances of passage remains to be seen but an Internet gambling measure in Illinois will now be presented as a standalone.
The measure was originally added to a much broader gambling expansion bill that Illinois Governor Pat Quinn as already shot down. He has stated that a more thorough review would be required before allowing Web gambling in the state, adding he was "not excited about it at all."
Hong Kong Police Arrest 4 in Hacking Death of Triad Boss: Disemboweled in Front of Many
Hong Kong police announced Monday the arrests of 4 individuals ages 18 through 30 for the brutal hacking death of alleged triad boss. Only the age (30) and surname (Tse) of the victime were disclosed.
The attack occurred outside a hospital in front of many onlookers. One of the strikes nearly disemboweled the victim.
Bally Reports Record 1st Quarter Profits
Bally Technologies, Inc. (BYI), a leader in slots, video machines, casino management, interactive applications, and networked and server-based systems for the global gaming industry, today announced record quarterly diluted earnings per share (“Diluted EPS”) of $0.93 and record quarterly revenue of $259 million for the three months ended March 31, 2013.
