Gambling News
PokerStars Launches Online Sports Betting Site
ONCHAN, Isle of Man - PokerStars, the world’s largest poker brand, announced today that it will launch sports betting and casino table games globally on PokerStars. Claim Your FREE $250 Here (use bonus code G911).
WSOP Main Event Runner Up Felix Stephensen Faces $2.5 Mil Tax Bill
The Norwegian government is expected to come after 2014 World Series of Poker Main Event runner up Felix Stephensen for 50% of his WSOP winnings or $2.5 million.
Sheldon Adelson Losing His Iron Grip: Sands One Step Closer to Unionizing
Casino magnate Sheldon Adelson is having a bad week.
First his heavily pushed online gambling prohibition bill, Restore America’s Wire Act (RAWA), was ruled dead on arrival in Congress.
Now we learn that Adleson’s Sands Casino in Bethlehem is one step closer to unionizing.
For years, Adelson has worked hard to keep the unions out of his casino establishments and, for the first time in 25 years, it appears as if he is about to lose that battle to a bunch of security guards making a mere $12 an hour.
Judge Will Decide on New Jersey Sports Betting Friday
(Associated Press) - New Jersey could drop its ban on betting on sports entirely, but it cannot legally set conditions as it ends the prohibition, a lawyer for the NCAA and four major sports leagues told a federal judge Thursday.
The lawyer, Jeffrey Mishkin, said the state isn't dropping its sports betting ban, because it requires that it takes place only at casinos and horse racing tracks and that bettors be at least 21 years old.
Adelson-Backed Online Gambling Bill Won’t be Presented During Lame Duck Session
A bill to prohibit most forms of online gambling, backed heavily by GOP mega donor and casino billionaire Sheldon Adelson, will not be heard during the upcoming month’s lame duck session in Congress.
The legislation, known as Restore America’s Wire Act, had gained support from only a handful of Congressional members, mostly Republicans. Adelson spent millions to push for the bill.
Revel Casino Purchase Terminated
The company that won a bankruptcy auction to buy the now closed Revel Resort in Atlantic City has terminated the deal, according to NBC10 in Philadelphia.
Toronto-based Brookfield US Holdings, LLC spokesperson Andrew Willis said on Wednesday that the $110 million purchase is no longer moving forward.
Sources close to the situation tell NBC10's Ted Greenberg that the deal fell apart after ACR bondholders and South Jersey Industries refused to alter Revel's utility bill payment structure.
From NBC10:
Rhode Island Mobster Sentenced for Running Sports Betting Ring
A high-ranking member of the New England mob was sentenced to a 10-year suspended sentence and 10 years probation before a Superior Court judge on Wednesday after pleading no contest to a charge of conspiracy to commit a felony and racketeering.
Edward C. Lato, 67, is currently serving a nine-year prison sentence in connection to a l $1.5 million extortion ring involving the shakedown of Rhode Island strip club owners.
Judge Could Have Ruling in New Jersey Sports Betting Case Within 24 Hours
U.S. District Court Judge Michael Shipp was to hear oral arguments regarding New Jersey’s bid to allow sports betting at its racetracks and Atlantic City casinos. A 22-year-old law bans sports betting in all but four states including Nevada.
The four professional sports leagues and NCAA filed a suit against the state to prevent this type of gambling.
Attorneys for New Jersey’s biggest racetrack, Monmouth Park, were not optimistic ahead of Shipp’s ruling.
California Tribe Begins Offering Online Gambling in New Jersey
ATLANTIC CITY — (Associated Press) - California's Pala Indians became the first tribe to offer Internet gambling in New Jersey on Wednesday.
The Pala Band of Mission Indians began a test of their PalaCasino.com site. The tribe's online gambling arm, Pala Interactive, is partnered with Atlantic City's Borgata.
The company expects a full launch of the site on Monday, once it gets approval from the state Division of Gaming Enforcement. It will include more than 90 games and a daily free spin on a slot game.
Amaya, PokerStars Parent, Posts Record Profit for 3rd Quarter
MONTREAL – (Canadian Press) - Amaya Gaming Group Inc. posted record results in the third quarter as its revenues and adjusted profit surged following the August acquisition of PokerStars and other online games.
The Montreal-based company (TSX:AYA) beat expectations as its adjusted profit increased 10-fold to nearly $70 million, or 43 cents per share for the period ended Sept. 30. That compared to $6.8 million or seven cents per share a year earlier.
Dan Colman Sorry for Hellmuth Rant: Will Quit Poker in 2015
Big One Drop winner Dan Colman now says he was “too harsh” after essentially calling record WSOP bracelet winner Phil Hellmuth a “cancer” to the game.
Macau Still Hurting in November
Macau gambling revenues appear to be stagnant in the month of November so far following a poor performance in October.
Paddy Power Raises Full Year Guidance on Better Second Half
(Reuters) - Paddy Power Plc said it expects mid- to high-teens percentage earnings per share (EPS) growth this year, up a touch on its prior forecast as sports results rebounded as expected in the second half of the year.
The Irish gambling company saw operating profit fall sharply in the first half on what it described as a "horrific run of sports results" but said that things had already improved by August and that it expected mid-teen percentage EPS growth.
No Hearing in House Subcommittee for Online Gambling Ban
Poker Players Alliance (PPA) head John Pappas confirmed late Monday that an anticipated House subcommittee hearing to discuss a ban on Web gambling has been pulled from the agenda.
The Restoration of America’s Wire Act (RAWA) is a piece of legislation heavily backed by GOP megadonor and casino magnate Sheldon Adelson. The measure has support on both sides of the aisle, though that support is believed to be miniscule.
Pappas tweeted:
Vice: Online Gambling has Made Many in Gibraltar Very Rich
Vice Media has just got through visiting the British overseas territory of Gibraltar, surprisingly now the fastest growing economy in all of Europe with an unemployment rate around 6 percent. Much of this can be attributed to the online gambling sector.
Bunch Captures HPT Title and $150k in Vegas
Las Vegas, NV - John Bunch outlasted a stacked field to win the Heartland Poker Tour Main Event at Stratosphere Casino, Hotel, & Tower. For the victory, the technical advisor from Las Vegas earned the coveted HPT Title and $150,081.
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Bodog Arsenal Sponsorship Deal Could Be Nullified: Premier League Clubs Warned
Premier League clubs have been warned about entering into deals with unlicensed overseas online gambling companies in a move that could cost teams £90m a year in sponsorship revenue.
Caesars Looming Bankruptcy: Can’t Make Debt Payments
Caesars Entertainment Corp confirmed in a regulatory filing that it is contemplating bankruptcy as it will be unable to repay debts by the fourth quarter of 2015 without restructuring.
Retired Congressman Ron Paul Rips Into Adelson Over Online Gambling Bill
Retired Republican Congressman and two-time US Presidential candidate Ron Paul has come out swinging against “crony capitalism” and casino magnate Sheldon Adelson’s attempt to ban online gambling.
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‘Canary’ Mobster Who Helped Whack Brother-in-Law Gets Sentence of Time Served
A mob rat who helped in the 1988 murder of his brother-in-law has been rewarded with a sentence of time served – just three days.
NJ Woman Wins $1.3 Million Playing Online Slots at HarrahsCasino.com
ATLANTIC CITY, N.J. – (Associated Press) - A Morris County woman has won New Jersey's largest Internet gambling jackpot, a $1.3 million payout from an online slots game.
Cathy Ruela was playing the "Millionaire Genie" game on the Harrahscasino.com site on Nov. 6 when the genie on her computer screen broke open the chains on a treasure chest and a box popped up, announcing she had won a jackpot of more than $1.3 million.
The 31-year-old says she has been playing sporadically since February, usually about $20 or $30 at a time.
Reaction to Adam Silver Sports Betting Stance is Mixed
Gambling911.com has been bringing its readers extensive coverage of NBA Commissioner Adam Silver’s about-face on legalized sports betting. The reaction has been a mixed bag as one might expect.
New Daily Fantasy Sports Sites FantasyDraft.com, DraftHero Debut: Land T.Y. Hilton
Two new fantasy sports sites debuted in recent days: FantasyDraft.com and DraftHero.com.
Ultimate Poker Closes Its Nevada Online Gambling Site
LAS VEGAS (Associated Press) — Ultimate Gaming officials say they have shut down the company's online Ultimate Poker site in Nevada.
Chairman Tom Breitling said in a statement Friday that online poker revenue fell short of expectations and operating the sites in just a few states where it's legal has made the business costly.
Online poker is legal in Nevada, New Jersey and Delaware.
Players in one state can only go head-to-head with other players also physically in that same state.
Breitling says that made making a profit difficult.
Thieves Make Off With Thousands of Dollars in Casino Chips
UNCASVILLE, Connecticut —(Associated Press) Tribal police at the Mohegan Sun casino in Connecticut are searching for two men who made off with thousands of dollars worth of gambling chips.
Police say one of the suspects took the chips off a casino table Friday night and punched the victim, who tried to confront the thief.
Authorities say the robber then ran off and left the casino with another man, and both drove away in a maroon-colored vehicle.
Jose Canseco Finger Falls Off During Poker Game
Former Major League Baseball player Jose Canseco tweeted that his surgically repaired finger had fallen off in the middle of a poker tournament this past week. Canseco had accidently shot off the finger two weeks ago.
He tweeted:
Mavs Owner Mark Cuban Backs Adam Silver Position on Sports Betting
While the National Basketball Association Commissioner Adam Silver may have gone against the status quo by suggesting the time has come for legalized sports betting on NBA games, some of his colleagues – most notably the National Hockey League’s Gary Bettman – remain opposed to the idea.
Bookie Player Management – Reports Made Easy Via Pay Per Head Biz
One of the benefits of using a Pay Per Head business is the improved bookie player management equation.
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Taj Mahal to Close in December
(Associated Press) - THE OWNER of the struggling Trump Taj Mahal Casino Resort filed court papers yesterday saying it will close by next month, making it the fifth of the city's 12 casinos to shut down this year.
Trump Entertainment Resorts said in a Delaware bankruptcy court filing obtained by The Associated Press that its board has approved a shutdown of the casino by Dec. 12. It had threatened to close by then if its main union didn't drop its appeal of a court-ordered cost-savings package.
