Gambling News

Man Who Stole £19million From Company to Fund Gambling Addiction Sentenced

An IT manager who stole £19million from his company to help fund his gambling habit has been sentenced to 7 years jail time.

Jonathan Revill, 38, made a profit of £5.6million from a scam over a three year period.  He was employed with a Leeds subsidiary company of GDF Suez – one of the world’s biggest energy companies with a billion pound turnover.  It was there that Revill faked signatures to order company equipment worth £18,976,062.

Revill also once bet £300,000 on a single sporting fixture.

Pay Per Head Scammers Have Industry on Edge: Leads Investigated

Nearly everyone in the pay per head industry, most of which is based in Costa Rica, are outraged by a group of scammers that have inundated the Net with emails suggesting they have a direct relationship with the likes of respected PPH companies like WagerHome.com and Perhead.com.

Poker Icon Matt Savage Hospitalized: Nearly Crippled by Waterslide Head Injury

Poker personality Matt Savage is hoping to avoid paralysis by undergoing urgent cervical stenosis surgery Wednesday morning.

Savage suffered hit his head on a waterslide and for the past few weeks he started to feel pain in his back and chest along with numbness in his arm, according to his Facebook page.

Ladbrokes Luck About to Change: Deutsche Bank Upgrades Shares to ‘Buy’

Ladbrokes, the UK bookmaking behemoth, has endured a rough ride in recent months but Deutsche Bank sees things changing for the better.

Analyst Richard Carter upgraded the share price of Ladbrokes from ‘hold’ to ‘buy’, believing that the stock is worth 232p and noting that the ‘headwinds’ affecting the group’s recent performance are now factored into the bookmaker’s valuation. 

Chow Defeats Record Field at Majestic Star

Gary, IN – Bob Chow was outnumbered at Monday’s Heartland Poker Tour Final Table at Majestic Star Casino Hotel in Gary, Indiana. Of the nine players who ascended to the top of the 520-player field, the 53-year-old from Schaumberg, Illinois was the only pro player. 

Bahrain-Based Investcorp Sells Majority Share in Online Payment Processing Co Skrill

(Reuters) - Bahrain-based Investcorp said on Monday it agreed to sell a majority stake in British online payments services firm Skrill Group to private equity group CVC Capital Partners for 600 million euros ($800 million).As part of the deal Investcorp will keep an approximate 25 percent stake in the company, sources said. It will also retain a seat on Skrill's board, the company said in a statement.

Harry Reid Says MLB Should Let Pete Rose Into Hall of Fame

Senate Majority Leader Harry Reid (D-Nevada) on Monday proclaimed that disgraced former Major League Baseball player Pete Rose should be inducted into the Baseball Hall of Fame.

The league imposed a lifelong ban from Baseball on Rose, the all-time hits leader, for his gambling on sports nearly 24 years ago. 

InsuredPlay.com to Shut Down

An all-in equity insurance product for online cash games, InsuredPlay.com, will no longer be available as the site is slated to shut down after only 16 months in business.

All player balances remain safe, and everyone will be repaid their balances in full, the company assures but withdrawal requests must take place by September 30.

A statement from the site claimed that “a number of difficulties that we have not been able to overcome” have led to the shutdown.  

Politician, Poker Player Stuart Wheeler Implies Women Need to Go Back to the Kitchen

UKIP Treasurer Stuart Wheeler has come under fire for suggesting that women are not competitive enough and, as such, don’t have much of a place in the board room.

Women's failure to beat men at chess, bridge and poker means that companies should not be forced to give them seats on boards, Wheeler suggests.

“I would just like to challenge the idea that it is necessary to have a lot of women or a particular number on a board.

Virginia Illegal Poker Game Raided

NORFOLK, Va. (Associated Press) — Four Norfolk men are charged with running an illegal high-stakes poker game out of a house in a subdivision along the Elizabeth River.

The Virginian-Pilot reports that the investigation started with a tip last December and led to arrests earlier this month.

According to police, the games of Texas Hold 'em were conducted three nights a week. The minimum buy-in was $100, and the operation raked in about $2,000 a night.

2 NYC Men Who Ran Illegal Poker Games Tied to Art Gallery

Two men have pleaded guilty to illegally operating high-stakes New York City poker games with pots regularly reaching tens of thousands of dollars.

Prosecutors say Kirill Rapoport pleaded guilty Friday to conducting an illegal poker game, and William Barbalat pleaded guilty Wednesday to traveling in interstate commerce in aid of operating an illegal poker game.

Full Tilt Poker Payout Claims to be Open September 16

A claims administrator for the US Government has designated September 16 as a day to open up claims for those owed monies by Full Tilt Poker. 

As reported by Gambling911.com two days ago, The Garden City Group issued this statement to PokerFuse.com Wednesday:  “The claims process will begin shortly. At this time we cannot provide a specific date, but expect to be able to provide a launch date by the end of this week."

Man tied to Russian Gambling Ring With Manhattan Art Gallery Ties Pleads Guilty

Kirill Rapoport, who was accused of participating in a gambling ring with Russian mob ties, pleaded guilty to running an illegal poker game on Friday.

Romanian Princess Arrested in Cockfighting Bust

GRANTS PASS, Ore. (Associated Press) - A Romanian princess is apparently among several people who have been arrested in Eastern Oregon in connection with an alleged cockfighting ring.

Indictments unsealed Thursday in federal court in Portland charge 60-year-old Irina Walker and her husband, 67-year-old John Wesley Walker, with hosting cockfighting derbies and illegal gambling at their ranch outside the small Morrow County town of Irrigon.