Gambling News
New Jersey Championship of Online Poker Promising $600,000 Guaranteed
PartyPoker.com announced this week its first ever New Jersey Championship of Online Poker, available to anyone who has the ability to log into a computer from the Garden State – and that means you Pennsylvania, New York and Delaware residents. Just get your *ss over the border and play for your share of the $600,000 in prize money with a cool $50,000 going to the winner.
The event will be held in conjunction with the WPT World Championship live tournament at the Borgata Hotel, a PartyPoker partner in New Jersey.
Bayern Munich President Uli Hoeness Sentenced to 3.5 Years Prison for Tax Fraud
Bayern Munich President Uli Hoeness was sentenced Thursday to 3.5 years behind bars by a German court for tax evasion.
"In the name of the people, Mr Ulrich Hoeness is sentenced for seven serious counts of tax evasion to a prison term of three years and six months," Judge Rupert Heindl told the Munich courtroom.
Bwin.Party Sees Return to Growth Ahead of World Cup: Activist Investor Watches
(Reuters) - Online gambling company Bwin.Party said this year's soccer World Cup would help it to return to growth after problems in Greece and a shift away from riskier markets cut earnings in 2013.
Bwin.Party is concentrating on fewer markets where regulations are more clear cut and is expanding in the United States as gambling rules are relaxed there.
Rival Betfair, another of a cluster of online gambling companies that have grown up over the past decade, is pursuing a similar strategy.
Phil Ivey is Not Broke: Participates in Rare Interview (Video)
Phil Ivey dismissed rumors being spread by fellow poker pro Dan Bilzerian that he is broke.
"People can say what they're going to say… I don't really feed into that. His opinion is his opinion… He really doesn't know my financial status,” Ivey said during a rare interview conducted by Bluff Europe.
“Phil Ivey just went broke,” Bilzerian told CardPlayer.com in a January interview.
New Jersey Governor Christie Backs Away From Online Gambling Forecast
New Jersey Governor Chris Christie’s aggressive forecast for online gambling revenue was mostly seen as unattainable. On Tuesday, the Christie Administration backed off those initial projections, relaying its concerns to a leading Democratic leader in the state.
"Given the complex connections between internet and on-site gaming, we do not break down the anticipated total collections between the two sources," state Treasurer Andrew Sidamon-Eristoff wrote in a letter today to Sen. Paul Sarlo (D-Bergen).
Internet Gambling Growth Slows in New Jersey
ATLANTIC CITY, N.J. (Associated Press) — The growth of New Jersey's Internet gambling market slowed somewhat in its third full month of operation, with the Atlantic City gambling websites posting a nearly 9 percent revenue increase in February.
The 16 online gambling sites had posted a 28 percent gain in January, to $9.5 million. In February, the online sites won $10.3 million.
Bayern Munich President Evaded $18.5 Mil in Taxes: Used Money for Gambling
(Reuters) - Bayern Munich president Uli Hoeness stunned a German court on Monday by admitting he had evaded taxes of 18.5 million euros ($26 million) using a secret Swiss bank account - more than five times the amount on a prosecutors' charge sheet.
Once one of Germany’s most admired managers, Hoeness apologised and appealed for leniency at the start of a trial in a case that shocked Germany and prompted other tax dodgers to turn themselves in.
Las Vegas Gambling Pioneer Jackie Gaughan Dies at 93
(Associated Press) - A Las Vegas gambling pioneer who once owned much of the downtown casino market has died. John "Jackie" Gaughan was 93.
Clark County coroner's officials say Wednesday that Gaughan died in hospice care.
Gaughan is most closely associated with the El Cortez casino, which he used to own. He lived in a penthouse apartment there and was known to play poker in the casino almost every day.
He has also been associated with the Showboat, the Golden Nugget, the Pioneer and Boulder clubs, the Flamingo and the Royal Inn.
‘Mob Wives’ Star Ex-Hubby Testifies Against Gambino Associate in Murder Trial
The ex-hubby of “Mob Wives” reality star Renee Graziano took to the stand Tuesday to testify against former buddy and Gambino mob associate Luigi Grasso.
Admitted killer Hector Pagan says he pulled the trigger and killed Luchese associate James Donovan outside a Gravesend body shop in 2010. But Pagan knew enough about Graziano that he agreed to become a Mob turncoat in return for a reduced sentence.
Massachusetts Weighs in on Web Gambling
BOSTON — (Associated Press) - The head of the state's gambling commission suggested on Tuesday that lawmakers hold off on key decisions about Internet gambling until after the panel completes the process of awarding casino licenses in Massachusetts.
The commission convened an all-day hearing to examine the potential impact of online gambling should it be legalized in the state. Lawmakers and gambling regulators worry that it could take a bite out of revenues currently produced by the state lottery and that are expected to be generated by taxes on casinos in the future.
Online Poker Room TigerGaming.com Now Offering 24 Hour Payout Guarantee
The management of the Chico Poker Network are once again thrilled to announce that, after their acquisition of the network, they can now put out a very strong and positive message to all players at TigerGaming.com! They are offering 24 hour payouts, guaranteed - via Skrill, Neteller and EcoPayz, to all their players online!
PokerStars Launches 2nd WCOOP Challenge Series with $9 million Guaranteed
ONCHAN, Isle of Man – PokerStars today unveiled the schedule for a second WCOOP Challenge Series that will take place at the end of March. The World Championship of Online Poker spin-off series is scheduled for the weekend of March 28-30 and consists of nine tournaments, with a total guaranteed prize pool of $9 million.
Mark Jones Picks Up $90k, HPT Title
Rancho Mirage, CA - Canyon Lake, California business owner Mark Jones had his work cut out for him at HPT’s latest stop at Agua Caliente Casino Resort Spa. The recreational player faced a tough field including many top pros such as Phil Hellmuth, Greg Raymer, and HPT’s Player of the Year Allen Kessler. Advancing to his first Final Table, Jones faced accomplished players with millions in career winnings to his $150k.
Van der Sloot to be Extradited to US in 2038: Killed Woman During Poker Tour
A citizen of Aruba who killed a young Peruvian woman while attending the Latin American Poker Tour in 2010 will be extradited to the US in 2038.
British Poker Pro Sam Trickett Teams Up With Everest Poker
Having won nearly $20 million during his live poker career, British pro Sam Trickett has teamed up with Everest Poker as its new ambassador.
Trickett will be playing in Everest Poker tournaments and provide coaching for customers of the online poker site.
Bad Weather Hits Casino Revenue in Snow States
Arctic winter weather continue to chill the gambling business across the midwest and eastern states.
Tribes Position Themselves Ahead of New York Casino Expansion
BUFFALO — (Associated Press) - With New York state about to take bids for its first non-Indian casinos, tribes have been upgrading their existing casinos and exploring new ones.
The Seneca Indian Nation, which operates three casinos in Buffalo, Niagara Falls, and Salamanca under a 2002 compact with the state, bought 32 acres outside Rochester last week for a potential fourth location.
Poker Tournament Shot Clocks Could be Introduced Soon
The World Poker Tour has announced that it plans to introduce shot clocks to its tournaments similar to that which appear during NBA games.
The WPT began polling players at last week’s LA Poker Classic in order to determine if the shot clocks were a viable option. 80% of those asked liked the idea of a shot clock.
Dan Gosling Admits to FA Misconduct: Broke Gambling Rules
LONDON (Associated Press) — Newcastle midfielder Dan Gosling has admitted to a Football Association misconduct charge related to multiple breaches of betting rules.
The FA says Gosling has requested a personal hearing and a date had not been set.
No details of the case have been revealed publicly. Players are prohibited from betting on matches in competitions they are involved in or have any influence over.
Lead Investigator Into Pete Rose Still Believes He Should Not be in Hall of Fame
The lead investigator in the 1989 Pete Rose Major League Baseball gambling matter tells the Washington Post he still believes Rose does not deserve to be entered into Baseball’s Hall of Fame.
John M. Dowd led the investigation, later dubbed the “Dowd Report”.
Mayweather Late for Maidana Promotional Press Conference Due to Gambling
LAS VEGAS (Associated Press) — Floyd Mayweather took his time selecting an opponent for his May 3 fight, then took some more time to formally announce it.
At least he had a Vegas kind of excuse for showing up an hour late for a Saturday news conference promoting the bout with Marcos Maidana.
Sands Casino Guest Credit Card Information Hacked Into
If you have stayed at the Sands Bethlehem Casino or any of the other Sands Las Vegas affiliated casinos, including the Venetian, you may want to double check your credit card bill. It turns out that customer credit cards have been compromised as part of a hacking that took down all of Sands site an entire week last month.
Satoshi Nakamoto Claims Not to Have Been Creator of Bitcoin (Video)
LOS ANGELES (Associated Press) - Dorian Prentice Satoshi Nakamoto said Thursday that he is not the creator of bitcoin, adding further mystery to the story of how the world's most popular digital currency came to be.
The denial came after Newsweek published a 4,500-word cover story claiming Nakamoto is the person who wrote the computer code underpinnings of bitcoin.
Ontario Police Take Down ‘Major’ Online Gambling, Weapons Ring
Eleven individuals, aged 21 to 43, face charges ranging from illegal online gambling, bookmaking to illicit drug distribution. The Ontario, Toronto-based ring is also said to have organized crime ties.
Of the 42 charges, 17 are connected to illegal gambling, 17 related to drugs and the rest connected to weapons and possession of property obtained by crime.
‘I’m Not a Sore Loser’ Says Man Suing Casino That Let Him Lose $500k Drunk (Video)
"Just picture a drunk walking the street and he's drunk, and someone pickpockets and takes his money from him. That's how I characterize it," Mark A. Johnston said in an interview with CNN. "I feel like it's the days of old Vegas, the way they've been extorting me with letters and attorneys."
Casino Gambling Can Reduce Childhood Obesity
It turns out you can lose more than just cash in a casino, the Los Angeles Times reports.
Paddy Power Stops Pistorius Bet: 1000 Wagers Taken, Over 5000 Complaints
Irish bookmaker Paddy Power has finally caved in and ceased taking wagers on the Oscar Pistorius murder trial in South Africa. Pistorius shot his wife dead last year, mistaking her for an intruder. The paraplegic runner insists the shooting was an accident.
‘Sopranos’ Star Breaks Silence About Crime, Prison Sentence
Former “Sopranos” star Lillo Brancato shared his remorse for the death of officer Daniel Enchautegui. Brancato served eight years for his role in the fatal shooting during a burglary attempt gone terribly wrong. He was recently released.
Some Payment Processors to Block Unlicensed Online Gambling Sites in UK
Some of the UK-based payment processors have agreed to block money transactions to and from unlicensed online gambling sites.
Ultimate Gaming Joins Forces With Peppermill Resort Spa Casino
LAS VEGAS - Ultimate Gaming, America’s first regulated online gaming operator, and Peppermill Resort Spa Casino, Reno’s premier AAA Four-Diamond resort, have agreed to terms in a joint marketing partnership.
