Gambling News
Atlantic City’s Revel Casino to Close in September
ATLANTIC CITY – (Associated Press) - Atlantic City's newest casino is shutting its doors just over two years after opening amid high hopes of turning around the crumbling seaside resort's gambling market.
Revel Casino Hotel will shut down next month after failing to find a buyer in bankruptcy court, company officials announced Tuesday.
The company said the $2.4 billion casino will close its doors on Sept. 10. It has never turned a profit.
The closure will mean the loss of more than 3,100 jobs.
Gambling Mecca of Las Vegas Mourns Pasasing of Robin Williams
Comedian Robin Williams made quite an impact during his long career both on stage and in film/television. Following the news of his untimely passage Monday, a number of fellow comedians who have performed in Las Vegas over the years recounted their own positive relationships with the funny man.
Award-Winning EPTlive is Back With Webcast Kicking Off in Barcelona Aug 19
ONCHAN, Isle of Man – The award-winning EPTLive webcast kicks off August 19 with coverage from the historic #EPT100 event in Barcelona.
Caesars Posts Bigger Than Expected Second Quarter Loss
LAS VEGAS (Associated Press) - Caesars Entertainment Corp on Monday reported a wider loss in its second quarter.
The Las Vegas-based company posted a loss of $466.4 million, or $3.24 per share, compared with a loss of $212.2 million, or $1.69 per share, in the same quarter a year earlier.
Losses, adjusted for costs related to mergers and acquisitions and asset impairment costs, came to $2.31 per share.
Coco Poker Open at Seminole Casino Coconut Creek Sept 25 to Oct 6
COCONUT CREEK, Fla - The Coco Poker Open will begin a 12-day run at Seminole Casino Coconut Creek on Thursday, September 25, at 7 p.m. in the Pavilion.
The $1 million guaranteed Coco Poker Open Championship, October 2-6, will feature three starting days, 30,000 in chips, and follows the popular structure from Seminole Casino Coconut Creek’s February tournament series.
Gamblers Sue Foxwoods for Over $3 Million Over Unpaid Winnings
NEW HAVEN, Connecticut — (Associated Press) - Three gamblers have filed a lawsuit against Foxwoods Resort Casino alleging the eastern Connecticut casino failed to pay them more than $1.1 million that they won in a table game in 2011 and didn't give them back a $1.6 million deposit they put down to cover any losses.
The Day of New London reports that the gamblers filed the lawsuit in federal court in New Haven July 31, seeking $3 million in damages. The plaintiffs are Chinese nationals Cheung Yin Sun of Las Vegas and Long Mei Fang and Zong Yang Li of Los Angeles.
Online Gambling: ‘Unrealistic for Congress to Put the Internet Back in a Bottle’
Tom Russell, director of the Coalition for Consumer and Online Protection, tells Vegas Inc., “It’s really unrealistic for Congress to step into the role of, for all intents and purposes, trying to put the Internet back in a bottle".
How Do I Open An Online Gambling Account to Bet Football (2014)?
You can open an online gambling account to bet on both the 2014 College Football season and NFL in just a matter of minutes in most cases with deposit methods that include Visa, Mastercard and Money Transfers. Other methods are being added for this new season so be sure to check your favorite site.
Cincinnati Bookies: It’s All About The Bengals, Bearcats, Reds and Pete Rose
Local bookies thrive in Cincinnati, Ohio, and with good reason. Bengals fans tend to be hardcore bettors. But bookies also take their fair amount of action on the Reds and University of Cincinnati Bearcats as well.
Finding a local bookie is easy as pie in Cincinatti with its abundance of sports bars and pool halls. These include the likes of Local’s Sports Bar & Grill, Knockback Nats, Rhinehaus, Tap House Grill, Rock Bottom and the Brass Tap, just to name a few.
Popular pool halls include House of Billiards, Western Bowl and Princeton Bowl.
New Jetsmarter APP Lets Gamblers, Casino Execs Fly in Style for Cheap Fares
A new Florida-based company called JetSmarter has just the ticket for gamblers across the U.S. who like to take off for Las Vegas on a whim and travel in style: it has created an app so you can nab last-minute seats on private jets for stunningly low fares!
Cleveland Area Bookies Hope to Capitalize Off of Lebron, Johnny Manziel
With Lebron James back in town, Cleveland area bookies have been making some serious coin on the new demand for Cleveland Cavalier bets.
Cleveland has always been a hardcore sports town with the Browns and Indians but the Cavs simply haven’t attracted the type of interest that comes with having a bona fide star the likes of Lebron.
Mobster With Alleged Ties to Al Sharpton Arrested
A mobster who made headlines recently for his ties to MSNBC host and activist Reverend Al Sharpton has been arrested.
Daniel Pagano, 61, of Ramapo, was arrested on racketeering and conspiracy charges involving gambling. Prosecutors claim Pagano is a captain or “capo” in the nationwide Genovese crime family.
Chicago Illinois Area Bookies
Chicago area bookies can be found throughout the city and suburban areas. Sports bars and pool halls are especially popular with Chicago, Illinois bookies.
Chicago is a big sports town with home teams that include the NFL Bears, two Major League Baseball teams – the Cubs and White Sox, the NBA Bulls and a very good NHL team that won the Stanley Cup two years ago and played in the Stanley Cup Final this year but lost.
Oregon Bookies - Portland, Eugene, Corvalis: It’s All About GoDucks
Oregon bookies are everywhere with plenty of business throughout the state thanks to its high profile college football programs. Looking for a bookie in the state of Oregon? RealBookies may be able to set you up with a trusted local.
Will He or Won’t He: Christie Vetoes Sports Betting Bill
As has been the case with similar gambling legislation, New Jersey Governor Chris Christie tends to wait until the very last minute to make his final decision: Sign or veto.
This time he didn't wait until the last minute.
Chrisie had until Monday to sign a controversial piece of legislation that would bring sports betting to the Garden State and its various casinos in Atlantic City as well as racetracks. By Friday afternoon, Christie had pulled out his veto pen.
World Poker Tour® Strengthens Partnership With Global Poker Index
Los Angeles, CA - World Poker Tour® announced today that the Season XIII WPT® Player of the Year award will be powered by the Global Poker Index™. Also, for the first time ever, the Player of the Year race will include not only the WPT Main Tour, but WPT500, WPTDeepStacks, and WPT National and Regional Events as well.
Judge Recommends Jail for ‘Girls Gone Wild’ Founder
A Los Angeles bankruptcy judge wants “Girls Gone Wild” founder Joe Francis arrested for failing to turn over luxury cars in what lawyers for casino magnate Steve Wynn speculate is an attempt to hide assets.
Canadian Accused in Paddy Power Breach Issues Statement
A Canadian citizen accused of compromising some 650,000 accounts at Paddy Power has come forward to issue his side of the story.
Revel Casino Bankruptcy Hearing Postponed Until Next Week
ATLANTIC CITY – (Associated Press) - The bankruptcy auction of the troubled Revel casino hotel, which had been scheduled for Thursday, has been postponed until next week.
Lawyers for the casino said in a court filing Wednesday night that they had received multiple bids for the casino by Monday's deadline and needed additional time to review them.
The auction was rescheduled for 9 a.m. next Thursday.
Atlantic City Mayor Don Guardian said last month that there were six potential buyers for the casino, but none of the potential bids have been outlined.
Steven Segal to Star in Poker Movie ‘Gutshot Straight': Watch the Trailer
Hollywood actor Steven Segal is set to star in a new poker flick called “Gutshot Straight”, due to be released September 1, 2014.
The film is directed by Justin Steele and also stars George Eads, best known for his work on “CSI: Crime Scene Investigation”. Eads will be executive producing the project as well.
Bill to Legalize Online Poker in California is Dead in the Water for 2014
One of two bills introduced to legalize online poker in California has been pronounced dead for this year.
Democratic state Senator, Lou Correa of Santa Ana, a co-sponsor of the bill, said it needed to be shelved as there was not enough time left in the legislative session to get it for a vote.
Think the US Congress is bad taking off the entire month of August and a portion of September?
The California legislature not only takes off in August, they take off the rest of the year.
Las Vegas Sands Shares Fall Fast Wednesday on Macau Worries
Las Vegas Sands entered “oversold” territory Wednesday, according to Forbes.
California Broker Ordered by SEC to Pay Back $9 Mil Used for Gambling Debts
The Securities and Exchange Commission has ordered a California broker and investment adviser, John Thornes, to pay back approximately $9 million in fines (including $280,000 in interest) after it was determined he had stolen some $4.4 million from the trust of an 80-year-old client to pay off gambling debts.
Thornes also stole from a deceased man’s trust that was set up to fund college accounts, according to the SEC complaint.
Vacation homes, luxury cars and chartered private jets were also paid for with the stolen funds.
Seminole Hard Rock Joins Forces With PokerStars
The Seminole Hard Rock Casino in Hollywood, Florida has partnered with the largest online poker room PokerStars for its Seminole Hard Rock Poker Open Championship (SHRPOC) series.
PokerStars players now have the opportunity to buy into the SHRPOC Main Event via their online account.
The Hard Rock event runs from August 14 thru September 3 and features a $10 million guaranteed event and a $100,000 Super High Roller event.
The entire Seminole Hard Rock Poker Open Championship 2014 schedule appears below.
Trump Sues to Get Name Off of Atlantic City Casinos Including Taj Mahal
ATLANTIC CITY – (Associated Press) - Donald Trump is suing an Atlantic City, New Jersey, casino company, trying to force it to drop his name from its two gambling halls.
Trump tells The Associated Press he wants his name stripped from the Trump Plaza and the Trump Taj Mahal because their owner, Trump Entertainment Resorts, has failed to maintain them properly.
Trump says in a lawsuit filed Tuesday the poor condition of the casinos is hurting his personal brand.
Trump Entertainment Resorts has declined to comment.
SBOBet.com Center of Paul Phua World Cup Betting Probe: Not Guilty Pleas Entered
Poker pro Paul Phua and his son Darren appeared in a federal court on Tuesday to answer to charges they ran an illegal gambling business out of the $25k a night Caesars Palace villas via the popular Asian handicapping betting site SBOBet.com. Phua and six others are set to be arraigned on August 7. The father-son-tandem may be deported back to their native Malaysia. Both men pleaded not guilty on Tuesday.
Michigan Man Turns $360 into $137k on HPT
Mt. Pleasant, MI - After getting a taste of the spotlight during Heartland Poker Tour's November visit to Soaring Eagle Casino & Resort, John Drikakis returned over the weekend to improve on his sixth-place finish. The shipping and receiving clerk from Battle Creek, Michigan shipped the win after investing just $360 in the tournament. For the victory, Drikakis received $137,014.
MGM Shares Gaining Tuesday Following Big Earnings Win News
MGM shares rose as much as 2.5% on news that the gambling resort raked in more cash in Vegas thanks to higher occupancy rates, loftier room prices and a stronger percentage of gambling wins.
The company enjoyed a per-share profit of 21 cents during the second quarter of this year following a lagging start.
MGM also owns the Mirage, Luxor and Mandalay Bay. Occupancy rates in those establishments were up 96% the last quarter, while average room rates rose to $141 from $134.
Congressman Chaka Fattah Son Indicted for Bank Fraud, Used Funds for Gambling
PHILADELPHIA (Associated Press) — The son of Philadelphia congressman Chaka Fattah has been indicted and charged with bank fraud, tax evasion and misspending federal education funds.
The federal indictment unsealed Tuesday accuses Chaka Fattah Jr. of lying about his income to obtain more than $200,000 in business loans he then spent on personal expenses, gambling debts and legal fees.
He is also charged with inflating expenses related to federal funds he received for a charter school program for at-risk students.
Macau Casino Workers Want Bigger Piece of the Pie
(Reuters) - Disgruntled casino workers are becoming a costly thorn in Macau's side.
As the Chinese territory races to build eight new resorts in the next three years, labour strains look set to intensify: workers are demanding higher pay and threatening strikes at a time when operators face a labour shortage.
Las Vegas kingpins Sheldon Adelson at Las Vegas Sands Corp and Steve Wynn at Wynn Resorts Ltd together reported unexpected costs of $50 million last quarter for labour-related compensation at their Macau casinos.
