Gambling
RCMP Raids Super Bowl Party: Canadian Bookies, Mobsters in Attendance
The RCMP on Sunday raided a Super Bowl party attended by some 2500 people and, in so doing, claims to have dismantled an alleged mob-linked multi-million dollar illegal gambling ring.
Many of Canada’s more successful bookies were in attendance at the “invite-only” party as heavily armed tactical officers entered the premises at Le Parc Banquet Hall in Markham, Ontario.
Deliberations Resume Monday In Philly Mob Trial
PHILADELPHIA - (Associated Press) — Jurors will begin another week of deliberations Monday on racketeering charges against reputed leaders of the Philadelphia mob.
The federal court panel considered the case for about six hours Sunday but reached no verdict.
Philly Mob Jury at Impasse, Will Work Through Super Bowl
PHILADELPHIA (Associated Press) — A jury weighing racketeering charges against reputed leaders of the Philadelphia mob say they're at an impasse but were sent back to work Saturday.
BitSynCom LLC Releases World's First Bitcoin ASIC Chips
After a year of speculation and rumor, the first application specific integrated circuits (ASICs) dedicated to Bitcoin mining have become a reality. Yifu Guo, 23, is now commercially shipping the fastest dedicated Bitcoin mining hardware in the world.
The custom processing hardware dramatically increases the security of the Bitcoin network and professionalizes the Bitcoin mining industry.
Pennsylvania Proposes Online Gambling Bill as NJ Awaits Chris Christie Move
While New Jersey Governor Chris Christie is yet to act on an Internet gambling bill that currently sits on his desk, neighboring Pennsylvania is proposing their own Web gambling legislation.
Last month, Pennsylvania toppled New Jersey for the first time ever to become the nation’s second biggest gambling destination after Nevada.
Some in Antigua Oppose Sanctions on US: Fear ‘Severe Retaliation’
Finance Minister Harold Lovell on Thursday morning urged those across the aisle to support sanctions against the US Government in the Caribbean island nation’s decade-long dispute over Internet gambling.
On Monday, the World Trade Organization awarded Antigua the right to develop a web portal for sale of ‘pirated’ US copyrighted DVDs, video games, television programs and more.
Some legislators in Antigua have opposed the sanctions, fearing retaliation from the US Government would be “too severe”.
Internet Gambling ‘Best Shot at Resuscitating Atlantic City’ Says Lesniak
In an interview with Bloomberg News, State Senator Raymond Lesniak (D-Union) urged New Jersey Governor Chris Christie to sign a bill he co-authored that would allow for Internet gambling in the Garden State. Lesniak called Internet gambling the “best shot” at resuscitating Atlantic City.
Unions Urge Chris Christie to Sign Off on Internet Gambling Bill
New Jersey Governor Chris Christie has until next Thursday (February 8) to sign or veto an Internet gambling bill that currently sits on his desk. The measure would legalize Web gaming in a state with nearly 9 million people while making Atlantic City a hub for the activity. The bill’s sponsors hope to eventually expand the industry beyond New Jersey’s borders through multi-state compacts similar to that of the lottery system’s Powerball game.
NJ Gov Chris Christie Considers ‘Conditional Veto” for Internet Gambling Bill
Roger Gros, the publisher of Global Gaming Business magazine and a longtime Atlantic City insider, is reporting that New Jersey Governor Chris Christie is considering a “conditional veto” of an Internet gambling bill that currently sits on his desk. The Governor must act by next Thursday February 7 or else the bill automatically becomes law.
Gros tweeted Wednesday afternoon:
PPA Chief Meets With Chris Christie Staff to Talk Online Gambling Bill
With just a few days left for New Jersey Governor Chris Christie to either sign or veto a bill legalizing online gambling in the Garden State, Poker Players Alliance head John Pappas met with the a senior advisor to the Governor on Tuesday.
Expert Panel to Look at Internet Gambling in Florida
As Internet-gambling legislation struggles to gain traction at the federal level and several states debate their own i-gaming measures, prospective operators and regulators are left to wonder how, when and to what extent this highly anticipated activity will roll out. Five experts will offer their answers in a special panel discussion at the 8th Florida Gaming Congress, to be held February 25-26, 2013, at the Seminole Hard Rock Hotel & Casino in Hollywood.
Speakers on the panel titled "Internet Gaming in the US" include the following:
No Verdict Yet in Philly Mob Trial as Jurors Finish 14th Day of Deliberations
14 days of deliberations and still no verdict in the trial of Philadelphia Mob boss Joseph Ligambi.
Earlier in the day, jurors asked to hear more audio tapes from the 10-week trial, according to John P. Martin of the Philadelphia Inquirer.
US War With Antigua Reminiscent of David and Goliath
While we don’t expect US missiles to rain down on the tiny Caribbean nation of Antigua any time soon, an all out war of words has broken out between these two nations following the World Trade Organization’s granting Antigua permission to set up an online site infringing on US intellectual property.
PokerStars would Save Over 1700 Jobs in Atlantic City
The parent company of the world’s largest real money online poker room, PokerStars, is looking to purchase the money-losing Atlantic Club Casino in Atlantic City.
Philly Mob Trial Judge: Jurors Could be Forced to Work Through Super Bowl
PHILADELPHIA – (Associated Press) — A Philadelphia mob jury could work Super Bowl Sunday if the panel doesn’t reach a verdict this week in the sports betting and loansharking case.
Jurors have been deliberating over four calendar weeks, although they’ve twice had to start over when alternates replaced original jurors.
Free To Play Online Poker Room ZEN Gaming Files for Bankruptcy
One of the leading free to play online poker networks, ZEN Gaming, has filed for bankruptcy protection with its future uncertain. The company relied heavily on an ad support platform but has been met with fierce competition, mostly from real money Web poker rooms that also offer the free to play format. Still, ZEN Gaming does boast of having more than 750,000 registrants with over $100k in cash prizes awarded monthly.
New Jersey Governor Chris Christie Signs Mobile Gambling Bill Into Law
While residents wait to see if New Jersey Governor Chris Christie will sign or veto a bill to allow online gambling, he did sign into law legislation for mobile gambling at race tracks.
U.S. Hedge Fund Builds Stake in Greek Gambling Monopoly
(Reuters) - U.S. hedge fund Baupost Group has a 5.2 percent stake in Greek gambling firm OPAP, a regulatory filing showed on Tuesday, signaling foreign interest in the country's gambling monopoly before its privatization.
Boston-based Baupost Group, run by money manager Seth Klarman, unveiled the position after it exceeded a 5 percent reporting threshold under Greek law, OPAP said in the filing.
Baupost is the third investment fund holding a big stake in OPAP, which has a market value of 2.05 billion euros ($2.76 billion) on the Athens Stock Exchange.
Zynga Shares Soar Ahead of Earnings Report
SAN FRANCISCO – (Reuters) - Zynga’s stock rose 14 percent on Monday as investors grew more confident that the social games developer behind "Farmville" and "Mafia Wars" will deliver a solid set of quarterly results next week.
Its shares ended trading at $2.84, up 35 cents
Breaking: WTO Authorizes Antigua to Suspend US Copyrights
In Geneva on Monday, the World Trade Organization gave permission to the tiny Caribbean nation of Antigua to suspend US copyrights as a form of relief for the US Government’s failure to abide by a WTO decision on Internet gambling.
Local authorities in Antigua may now move forward with the development of a download portal for pirated movies, television programs, CDs and games.
US Issues Stern Warning Against Antigua After Threat of ‘Piracy’
(Reuters) - The United States on Monday warned the tiny Caribbean nation of Antigua and Barbuda not to retaliate against U.S. restrictions on Internet gambling by authorizing the "theft" of U.S. intellectual property.
Italy has a Billion Dollar Gambling Epidemic
The Daily Beast on Monday reported that the nation of Italy has a billion dollar gambling epidemic, no doubt fueled by the recent explosion of regulated Internet poker.
Don’t Call It Piracy: Antigua to Begin Copyright-Free US Media Downloads
The tiny Caribbean island of Antigua is set to begin selling copyright-free US movies, DVDs, CDs, games, software a more beginning this coming Monday January 28, 2013.
The move is in response to the USA’s failure to adhere to a World Trade Organization ruling made several years ago in regard to online gambling.
New Sports Betting Film ‘Life On The Line’ Free Screening at LVH (Video)
A new documentary film about sports betting is set to debut nationwide Sunday. ‘Life On The Line’ will be shown as part of a free screening Saturday January 26, 2013 (that’s tomorrow if you are catching this piece from the Gambling911.com home page) at the LVH Sportsbook’s 1500-seat showroom (5 pm Vegas time).
Sheldon Adelson’s Venetian Macau Sues Two Gamblers for $4.5 Mil Over Debts
HONG KONG — (Associated Press) - U.S. billionaire Sheldon Adelson’s flagship Macau casino is suing two mainland Chinese high rollers over debts worth millions in a case that provides a rare glimpse into the VIP culture that powers the gambling enclave.
Chaos at Philly Mob Trial But Jury Resumes Deliberations
PHILADELPHIA (Associated Press) — A jury weighing mob racketeering charges in Philadelphia is back at work after a chaotic week in which two jurors were replaced and a foreman quit the post.
Wells Fargo Analysts: Online Gaming Bill Could Save Atlantic City
Could Be a Positive Catalyst for BORGATA, BYD & CZR
Maintaining Existing Recommendations
Paddy Power Projects Slot Machine on Milan Stock Exchange
(Reuters) - Irish bookmaker Paddy Power , known for its provocative advertising and innovative gambling products, projected a slot machine on the Milan stock exchange on Wednesday to promote its expansion in the growing online Italian gambling market.
The Dublin-based group said it aims to become one of the top five online bookmakers this year in the growing Italian market, dominated by local operators Lottomatica, privately owned Sisal, and Snai.
German Federal Court Suspends Internet Gambling Case
The German Federal Court set down a ruling on Thursday suspending its decision related to the legality of its State Treaty of Gaming.
The current online gambling treaty only allows for 20 licensed operators.
Opposition groups and gaming firms have argued that the German restrictions fail to adhere to European Union trade laws.
Bitcoin Casino SatoshiDice Results Raise Eyebrows in Online Gambling Sector
The numbers don’t lie. Bitcoin casino SatoshiDice, based out of Dublin, Ireland, has recorded a daily profit of ฿135.96 (£1,527) per day, and those numbers continue to grow as more and more Web gamblers become acquainted with the alternative anonymous online currency.
Not only is Bitcoin a sort of niche currency, SatoshiDice itself falls into the niche category, making these numbers all the more impressive.