Gambling
i-Gaming North America 2012 Conference to Take Place March 4-6
Everybody with even the slightest interest in the potential for legalized Internet gambling in North America will be in attendance at the first ever i-Gaming North America 2012 Conference, being held at Planet Hollywood in Las Vegas March 4 thru 6.
i-Gaming North America describes itself as the first networking and educational event designed to introduce the land-based gaming businesses of North America to the global iGaming industry.
Speakers include:
Alexandra Berzon, Reporter, Wall Street Journal
Mississippi House Bill 1373 Looks to Legalize Internet Gambling, Poker
Mississippi has become the latest state to introduce a measure that would legalize online gambling including poker within its borders.
Mississippi House Bill 1373, also called the Mississippi Lawful Internet Gaming Act of 2012, was filed by Rep. Bobby Moak.
Any company looking to obtain a license must apply with the Mississippi Gaming Commission. Application fees are a minimum of $200,000.
The measure is packed full of provisions that include allowing of deposits by either cash, check, money order or credit cards.
BetDSI.com Casino Player Hits $23,000 on Progressive Caribbean Stud Poker Jackpot
A player, who is being identified as Carter M. in order to protect him from family members and friends looking to borrow money, managed to hit $23,000 yesterday on BetDSI.com’s Progressive Caribbean Stud Poker Jackpot.
He only played $4 total on 7 hands before cashing in for the $23,000.
Steve Wynn Wins $7.5 Million Defamation Suit Against Joe Francis
It’s been an ugly back and forth battle but casino magnate Steve Wynn has come out on top in a very big way, winning his $7.5 million defamation lawsuit against “Girls Gone Wild” founder Joe Francis.
The suit was filed following Francis’ proclamation that Wynn “deceived his high-end customers”.
MGM CEO: “Very Confident” Online Gambling Laws Would Pass on the Federal Level
Appearing on CNBC Wednesday evening, MGM CEO Jim Murren said he was “very confident” online gambling laws would pass on the federal level soon.
Murren added that, if such legislation fails to pass on the federal level, we will likely see the industry develop on a state-by-state basis.
MGM has teamed up with the largest real money online gambling company, bwin.party. Murren admitted that bwin.party might have to enter the US market at the state level first.
Online Gambling Affiliate Leader Honored by Obama
Warren Jolly, Head of Affiliate Media, was one of several honored by US President Barack Obama on Monday for his achievements as a young entrepreneur. Jolly was one of the pioneers in the online gambling affiliate realm.
Japanese Gambling Tycoon Bribed Filipinos: US Suit
(AFP) - WASHINGTON — Japanese gambling tycoon Kazuo Okada was accused Tuesday in a US lawsuit of paying off Philippine regulators and cheating his powerful Las Vegas partner.
Wynn Resorts said Okada, Japan's pachinko king and a director of Wynn, went behind the company's back to develop business for his own Universal Entertainment group in the Philippines and broke US laws on foreign bribery, the lawsuit alleges.
All The Seediness You’ve Been Missing During Alabama ‘Vote Buying’ Gambling Trial
The trial continues in Alabama for defendants accused in a high profile political “vote buying” case tied to gambling expansion in the state. Some of the testimony has been nothing short of “movie” material, not to mention the “out of court” antics such as one of the defendants mysteriously dying a day before the trial was set to start. You can’t write this script.
WagerWeb.com Online Sportsbook, Casino Joins the Gambling911.com Family
Gambling911.com is thrilled to announce the return of WagerWeb.com to its portfolio of fine online sportsbooks just in time for March Madness.
Paris Hilton Wins $30k Gambling in Vegas on 30th Birthday
(PTI) - Socialite Paris Hilton had extra reason to celebrate during her birthday trip to Las Vegas after winning USD 30,000 on a game of blackjack.
The heiress jetted off to Sin City with her family to mark her turning 31 on February 17, and Hilton won the lump sum when they headed out to the Wynn casino for the evening.
In a series of posts on her Twitter page, she writes, "Just won 30k playing blackjack at Wynn Las Vegas! Yes! Birthday girl's luck! I love gambling!
Over 200 Sports Fixing Probes in Last Four Years
The Daily Star this weekend reports that there were over 200 sports match fixing probes in the United Kingdom in just the last four years.
From The Daily Star:
Of 210 cases probed by the Gambling Commission since September 2007 nearly all have been over sporting fixtures.
And the majority involve football, horse racing, tennis and snooker.
But they also show that very few cases ever get to court.
Belgium Brutal Clampdown on Internet Gambling: Players to Face Fines of €25,000
Belgium is the latest country to clamp down on unlicensed Internet gambling operations, some of which are now appearing on a blacklist.
Operators stand to pay fines from €100 to €100,000 while players could be fined as much as €25,000. Players must check to determine if a website is licensed or else face a visit from local police, who will have access to the nation’s blacklist.
Ladbrokes Punters Bet £13 billion in 2011: Poker Revenues Down 25 Percent
Ladbrokes reported strong returns for 2011 with punters staking £13 billion in 2011 and profit per shot increased 6.9 percent over 2010.
Gaming machines drew almost £10.5 billion, up 13.7% on a year earlier while over-the-counter betting enjoyed £2.5 billion in bets placed.
Alabama Casino Exec Apologizes for ‘Breasts Exposure’ Bonus
MONTGOMERY, Ala. (AP) — A casino developer who has pleaded guilty to offering bribes to legislators testified Wednesday he was joking when he proposed having his female lobbyist expose her breasts to a state senator for his vote for a pro-gambling bill.
New Hampshire Amendment Allows for Four Casinos
CONCORD, N.H. — (Associated Press) - New Hampshire gambling proponents are doubling down in an effort to avoid potentially losing revenue to Massachusetts.
Amendments to a bill in the New Hampshire House to legalize gambling include licensing four casinos with 14,000 slot machines and 420 table games, as well as lowering the business tax.
Nevada Casino Tax Hike Would Result in 7500 Lost Jobs
(AP) CARSON CITY, Nev. — An initiative to raise the top tax rate on Nevada's highest earning casinos is not economically sustainable by the industry and would lead to thousands of direct and indirect job losses, according to one gambling analyst who called the proposal a "wolf in sheep's clothing."
"We estimate the gaming tax increase would result in 7,500 or more lost jobs in Nevada, a notable step backward," Bill Lerner of Union Gaming Group said in a client's note.
Nevada leads the nation in unemployment, bankruptcies and foreclosures.
Bingo Slot Machine Hybrid Slingo Announced by Zynga for Facebook
Zynga has licensed the rights to make Zynga Slingo, a Bingo slot machine hybrid, which will bring the game to Facebook effective immediately, Wednesday February 15, 2012.
Witness Asked to Expose Her Breasts to Alabama Casino Lobbyist in Corruption Probe
A witness for a high profile Alabama political gambling corruption case wept after hearing a taped phone call of her casino owner client suggesting she expose her breasts to win a senator’s vote on gambling legislation.
It’s all tied to allegations of “vote buying” as a means of getting pro-gambling legislation in the state to pass.
Jennifer Pouncy testified Tuesday in the trial of former Sen. Jim Preuitt, two other present and former senators, as well as three other individuals associated with casinos.
1 Billion Dollar Lotto Jackpots Possible
Lottery ticket sales continue to skyrocket with the third largest prize given away this past Saturday and now there is talk that jackpots could start hitting between $500 million and $1 billion.
Radio Host Sid Rosenberg Allegedly Owes Over $44k to Online Sportsbook
A representative of a small Costa Rican-based online sportsbook, 1BetVegas.com, is contending that WQAM-560 AM afternoon host Sid Rosenberg owes the shop $44,500 in gambling debts.
Miccosukee Indians Blame Attorney for $25.5 Million Tax Woes
The Miccosukee Indians are blaming their former attorney, Dexter Lehtinen, for the tribe owing $25.8 million in back taxes.
Over 100 Miccosukee Indians owe the federal government in back taxes, penalties and interest on income the tribe dispersed from gambling profits at its West Miami-Dade casino operation, according to the Miami Herald.
The tribe claims that Lehtinen provided them with “faulty advice” on personal income-tax disputes, causing the tribe and its members to incur “outrageous interest and penalties.”
Probability Seeks Nevada Online Gambling License
Probability plc, a UK-based mobile gaming company, is the latest to apply for a license in the state of Nevada that would ultimately permit it to feature real cash games.
Probability has over 5 years experience specialising in mobile gaming, with around 1m UK customers and over half a billion transactions on our proprietary m-gaming platform so far. It allows customers to play a variety of casino games including slots and Bingo! Games can be played on over 8,000 types of mobile phone from mid-1990′s Nokias to the latest iPhone and iPad devices.
Music Execs Streaming Pirated NFL Games as DOJ Seizes Hundreds of Similar Websites
The music industry has been behind a massive push to knock file sharing and download websites offline while engaging in the same practice they condemn last week.
VEVO, a music portal owned by a few major record labels in the US reportedly had a pirated NFL playoff game playing on screens throughout its ‘PowerStation’ venue at last week’s Sundance festival, according to TechCrunch.
Oversight Hearing on the U.S. Department of Justice Opinion on Internet Gambling Recap
An Oversight Hearing on the U.S. Department of Justice Opinion on Internet Gambling was held Thursday afternoon.
When it comes to legalized online poker in the US, Chairman Akara said “Tribal casinos concerns must be considered (before legalizing).”
Patriots Owner Robert Kraft Makes Out Big With Caesars IPO...And Wynn?
Among those who benefitted from Wednesday’s debut of Caesars Entertainment on the Nasdaq trading platform was none other than New England Patriots owner Robert Kraft.
While Kraft may have suffered a pretty huge loss Sunday, his luck changed with the Caesars IPO and his $1.3 million stake. Shares rose dramatically Wednesday afternoon.
Oversight Hearing on the U.S. Department of Justice Opinion on Internet Gambling Live Webcast
Those wishing to follow today’s Oversight Hearing on the U.S. Department of Justice Opinion on Internet Gambling will be able to do so at 2:15 pm EST via the Web here. *Note: The hearing has commenced as of 2:47 pm EST. This hearing is taking place February 9 2012.
888, Everest, Chilipoker and Titan Blacklisted in Belgium
The Belgium government has blacklisted online gambling firms 888, Everest, Chilipoker and Titan as part of its new regulatory policy.
World Sports Exchange $700k Behind on Payouts (Video)
SBR Forum video analyst Peter Loshak breaks down the latest sportsbook industry news with troubled World Sports Exchange (WSEX.com) at the forefront.
Mobster Michael "The Large Guy" Sarno Gets 25 Years Behind Bars
CHICAGO — (Associated Press) - A reputed mob boss known for his wide girth and reputation for violence was sentenced to 25 years in prison today in a federal court in Chicago.
Michael "The Large Guy" Sarno also was ordered to pay nearly $1.8 million in restitution. A jury convicted Sarno, 54, and four co-defendants in 2010 of racketeering and other charges.
Caesars Begins Trading Wednesday: Goes Public and Floated with 1.4 Million Shares
Casino giant Caesars Entertainment Corp. went public on Wednesday (February 8, 2012), with its stock price surging 71 percent after completing an initial public offering.
The IPO was significantly reduced from its 2010 attempt.
