888 Holdings Sees Record Quarterly Rise
Publicly traded 888 Holdings, which runs the 4th biggest online poker room in the world, has reported a record quarterly high.
888 climbed as much as 5.3 percent, the most since August 30, before trading 2.3 percent higher at 33.75 pence as of 9:10 a.m. in London, according to Bloomberg News Tuesday. This gives the Gibraltar-based company a market value of 117.1 million pounds ($187 million).
Billionaires Bet on Internet Gambling: Say it Will be a Marathon, Not a Sprint
Forbes.com featured a piece Monday on how billionaires are looking to back the likelihood of Internet gambling getting regulated in the United States.
The likes of Steven Roth, chairman of Vornado Realty Trust, and shopping mall magnate Herbert Simon, the owner of the Indiana Pacers, have invested in a firm that provides software and advertising services to potential online gambling licensees in the US, including the Vegas casinos.
Germany Liberalises Sports Betting Market: Still Banning Online Poker Games
15 Prime Ministers in Germany overwhelmingly approved a measure that will liberalise the gaming market in that nation. Most advantageous to betting shop businesses will be the concession fee reduced from 17 to 5 percent.
Still, Germany will not concede when it comes to restricting licensed operators to 20 while continuing to ban online poker and casino games.
JAXX SE, a financial holding company with holdings in international companies in the gaming industry, believes the German restrictions will not fly with the European Commission.
“Shrink” Book Can’t Find Publisher Stepson Tells Gambling911
A controversial biography on the life and times of late gambler and Internet entrepreneur Ken "The Shrink" Weitzner continues to be written by Weitzner's step-son, Jerry Lee Donahue, but the project has hit a snag, Donahue tells Gambling911.com in an exclusive interview.
The problem?
A year into the project, the author still hasn't found a publisher to publish the book.
Fertitta Interactive Positioning Itself for Legalized Internet Poker
Fertitta Interactive, owned by brothers Frank Fertitta III and Lorenzo Fertitta, announced the purchase of California online gambling company CyberArts Licensing LLC Wednesday.
The brothers, who also own Stations Casinos and the Ultimate Fighting Championship (UFC), are hoping to get a jump start should the US legalize online gambling, specifically Internet poker.
Clive Archer Has Left The Building
BetOnline, the fastest growing sportsbook in the US, today announced the departure of Clive Archer. During his tenure within the organization, Clive held various roles including Director of Business Development and Chief Executive Officer. The parting was by mutual agreement.
“Clive very successfully helped us re-position the organization for growth and brought many in the industry to the BetOnline table,” said a BetOnline spokesperson. “We wish him only the best with all future endeavors.”
William Hill Shares Up: Claims Business Back to Normal
William Hill claimed operations were “back to normal” on Tuesday following a highly publicized walkout of its entire online staff based out of Tel Aviv, Israel, last week.
Following a drastic drop in the company’s share price and one analyst even issuing an advisory, Will Hill saw a slight increase of 0.26 percent at GBP2.285 valuing the company at GBP1.6 billion.
Its staff in Tel Aviv and two satellite offices in Manila and Bulgaria walked out following reports they would be relocated to the company’s Gibraltar headquarters.
Schweddy Balls a Hard Find in Vegas
Those living in Las Vegas will be hard pressed to find their favorite Ben & Jerry’s flavor ice cream, Schweddy Balls.
Named after the Alec Baldwin character, Pete Schweddy, on a classic "SNL" sketch, a number of Vegas-based grocery stores have refused to carry the ice cream flavor, claiming it might be offensive to some customers.
Tel A-Heave Ho: Fish Feeder, Rabbi, Hairdresser on Books at William Hill Tel Aviv Office
The turmoil continues at William Hill following a mass exodus of employees in its Affiliates United Tel Aviv-based online support centre last week. The company revealed on Monday that it had canned three of its managers based out of Israel.
The support centre is 79 percent owned by Hill and 21 percent owned by its software provider, Playtech.
William Hill Execs Locked Out of Their Own Office: Implosion Within, Shares Fall
The riff between William Hill and its Tel Aviv-based online support and affiliate center, Affiliates United, continued through the weekend following a mass employee walkout last Sunday. Fewer than 20 employees reported back to work.
The Affiliates United employees were told by a former manager of the support center that they would be relocating to William Hill’s Gibraltar base.
Donald Trump Could be Trump Card for New Jersey’s Chances of Legal i-Gaming
Donald Trump’s announcement that he is looking to enter the online gambling fray last week has offered hope on the state front. New Jersey, which is home to a handful of Trump properties including the Taj Mahal, is one of the states looking to legalize Internet gambling as well as sports betting.
Oklahoma Online Bookie Gets Four Years Behind Bars
An Oklahoma online bookmaker was sentenced to a four year prison sentence following a plea agreement that would require him to cooperate with prosecutors.
David Roy Tune, 62, pleaded guilty to 20 counts of violating anti-gambling laws and one count of conspiracy. Most of the wagers were placed online with a now defunct Costa Rica sportsbook.
It was revealed that Tune forwarded some of the money collected from losing bettors to a man in a man in Costa Rica beginning in 2008.
Sopranos Actor Arrested as Part of New York Sports Betting Sting
John Marinacci, 56, was one of the individuals caught up in a New York State sports betting sting alleged to have ties with the Gambino crime family. Marinacci appeared in two episodes of the popular HBO series “The Sopranos”. He has also appeared on another HBO series “Boardwalk Empire”.
Marinacci was charged this week with enterprise corruption for taking bets and collecting monies for "the Gambino Bookmaking Enterprise," court papers revealed.
The complaint alleges that the New York sports betting ring utilized an offshore wagering call center.
Tim Trushel Abruptly Resigns from his Own Website Sports Memo
Tim Trushel, the president and owner of the Sports Memo group announced his resignation on Tuesday in a shocking development in the sports advisory business. (see blog post here)
Popular APCW Video Account Suspended by YouTube.com
APCW’s slickly produced “Perspectives Weekly” online gambling industry videos may no longer be available on YouTube.com after the video uploading website apparently suspended their account on Thursday. J. Todd runs the APCW site and is widely considered one of the industry’s leading crusaders.
Clicking on the YouTube.com graphic on the APCW website, visitors were greeted with the following message:
Bugging Devices and GPS Tracking Used in Illegal Sports Betting Investigation
37 individuals were arrested on Tuesday in New York and charged with running two illegal sports betting and loan-sharking operations. Those arrested include alleged members of the Gambino crime family.
William Hill Promises Its Affiliates United Branch Staff Six Months Notice of Termination
The United Kingdom’s largest online bookmaker, William Hill, has promised its Tel Aviv-based online affiliate staff, Affiliates United (AffUtd), one month's extra pay and six months notice in the event their jobs are set to be terminated.
Poll Shows New Jersey Residents Would Overwhelmingly Approve Sports Betting
If the election were held today, an amendment to the New Jersey Constitution allowing gambling on sporting events in Atlantic City casinos and at the state's race tracks would easily win approval, according to a new Rutgers-Eagleton Poll released Wednesday.
Rutgers-Eagleton Poll results: NJ sports betting vote
William Hill Share Price in Tizzy Following Tel Aviv Uprising
William Hill’s share price was -4.1p at 224.7p Wednesday as executives from the company tried desperately to quash an uprising in its Tel Aviv Internet support centre.
The company issued a statement on Tuesday that several higher-ups at that office would receive disciplinary action for suggesting to employees they were either being relocated to the company’s Gibraltar office or that their jobs might ultimately be disposed of altogether. More than 200 of the Tel Aviv employees abandoned their jobs as a result of this news.
William Hill Takes Action Against Tel Aviv Execs
England’s biggest bookmaker says it is taking actions against executives in charge of its Tel Aviv online gambling support center for wrongly telling employees they were being relocated to Gibraltar.
Headlines were made this week when more than 200 employees walked out after reports surfaced that the Tel Aviv office would be shut down. William Hill dispatched a team of senior executives to help quell concerns.
Mass William Hill Walkout Could Have Effect on Internet Business
The resignation of Eyal Sanoff, the chief marketing officer, from William Hill has prompted a mass walkout of over 200 staff members from the company’s Tel Aviv online support centre, the Sun reports. That office handles nearly all of William Hill’s Internet marketing.
The Israeli-based staff is worried over rumors that Hill’s CEO Ralph Topping is preparing to dump them and move all operations back to the United Kingdom and Gibraltar.
BetOnSports Founder Gary Kaplan Out of Prison
The founder of BetOnSports.com, Gary Kaplan, has completed his prison sentence in connection with running what was considered the biggest North American facing sports betting business of its kind during its heyday. Numerous sources have confirmed to Gambling911.com that Kaplan is out of jail, whereabouts unknown.
Sportingbet Has Sold Its Turkish Business to GVC Sports
Following news this week that takeover talks involving Ladbrokes had fallen through, Sportingbet has sold its Turkish sports betting business to GVC Sports for €142.5m. Gambling restrictions in that nation forced the sale.
Andy McIver, Sportingbet’s chief executive, offered the following statement:
“Given our other big markets, Spain and Greece, have recently regulated their gambling markets, Turkey was the one which stood out [and] that has often been cited as an overhang on our equity,” he said. “So it was a question of when, not if.”
Gambling911.com is Panama Bound: Visiting Legendz Sportsbook, BetOnline.com
Gambling911.com heads to Panama City, Panama this weekend to visit two stalwarts in the online sports betting world, Legendz Sportsbook and BetOnline.com. We will also be visiting with pay per head operator PayPerHead.com, which is represented by none other than The Sopranos Johnny Sack.
Verisign Wants Power to Seize Domains: ACLU Says “Not So Fast”
In the wake of a number of Internet gambling websites and music downloading website having their domains seized, Verisign has signaled they would like to pursue the policy even further.
Online Gambling Blamed for Drone Computer Virus
A common malware that allows the theft of log-ins and passwords used in online gaming is being blamed for infecting military systems that are part of a computer program used to control unmanned drones.
Air Force officials claim the virus infected ground systems that are separate from drone flight controls and did not affect operations.
The Air Force added that computer keystrokes were not logged by the malware, which is designed to steal passwords from people who gamble online.
- Jagajeet Chiba, Gambling911.com
Politico.com: Unlikely Duo Working on Internet Poker Measure for Subcommittee
Ultra conservative Republican Joe Barton and Liberal Barney Frank are working on a bill that would legalize Internet poker. They are in the process of presenting their measure to a subcommittee in charge of slashing the deficit.
Ironically, a member of this chosen subcommittee is none other than Jon Kyl, the Republican outgoing Senator from Arizona who authored the current online gambling prohibition.
