Gambling News
Caesars Palace Faces Up to $20 Mil in Fines as Part of Money Laundering Probe
Las Vegas (Associated Press) - Caesars Palace could face paying between $12 million and $20 million worth of fines stemming from a federal investigation into how the casino prevents or detects money laundering.
Officials with Las Vegas-based Caesars Entertainment Corp. met with the federal agencies involved in the investigation on April 29 when settlement proposals were discussed.
The company mentioned the meeting under the header "other matters" in its third quarter financial report filed with the Securities and Exchange Commission.
Unclaimed Gambling Winnings Could Soon be Used to Fund Rape Exams
The Louisiana House of Representatives on Monday unanimously passed a measure that would fund forensic medical exams for rape victims through the use of unclaimed gambling winnings. This would essentially end the practice of hospitals systematically billing patients for such services.
Global Vices Revealed Per Nation: Aussies Take Most Drugs, Nearly All Gamble
Findings from a study by the University of Adelaide have revealed the world’s vices by country for the first time ever.
The study found that Aussies take the most drugs and just shy of 85% gamble.
Nick Pupillo Captures HPT Title and $120k
East Chicago, IN - Last night, Nick Pupillo was one card away from being eliminated from the Heartland Poker Tour Main Event at Ameristar Casino Hotel East Chicago. Today he was crowned the newest HPT champion to the tune of $120,537. The victory is the largest of the professional poker player's career to date.
Poker Pros vs. Computer: And The Winner Is...
It was being billed as an epic Heads-Up No-limit Texas Hold’em challenge between Man and Computer.
A study conducted by Carnegie Mellon University in Pittsburgh at nearby Rivers Casino had poker pros Doug Polk, Dong Kim, Bjorn Li and Jason Les take on the artificial intelligence.
Reid Renews Push to Fully Ban Online Gambling
Senate Minority Leader, Democrat Harry Reid, announced his renewed push to fully ban online gambling in the U.S. including poker.
Friends With Benefactors: Jon Stewart Lampoons Adelson for ‘Influence Peddling’
Jon Stewart opened up his show this past Thursday night with a look at the influence of money in politics, and Hillary Clinton coming under fire from the folks over at Fox News who have been thrown into a "tizzy" over there might be some conflict of interest over donations to the Clinton Foundation.
More than 60 countries in the world now regulate online gambling
According to the new research, more than 50 percent of the world's population is restricted from accessing online gambling in their own countries. It was found that gambling availability varies greatly from country to country. Some countries prohibit all types of casinos, while others ban local firms from running a gambling business but allow foreign companies to operate.
Jerusalem Post: Adelson Alleged Ties to Chinese Mafia Could Spell Downfall
Casino magnate, GOP megadonor and staunch supporter of the Israeli state, Sheldon Adelson, found himself in a Nevada court last week defending accusations of Chinese Mafia ties. At once point during the testimony, questions were even raised as to whether the casino chairman had knowledge of a failed beheading plot.
Malta The New Hot Spot for European Fantasy Sports: Oulala.com Leads Pack
SLIEMA, Malta -- Fantasy football fever is boiling hot in Europe these days, with new fantasy leagues seemingly poppping up almost every day now.
Football in Europe, of course, is what Americans call soccer.
But no matter what one calls it, one thing is evidently clear--fantasy sports betting is taking off in Europe just the same way it's taking off in America.
Tommy Lasorda: ‘Pete Rose Doesn’t Belong in Hall of Fame’
Longtime LA Dodgers manager Tommy Lasorda was adamant in regard to Pete Rose’ plea to have a lifetime ban from Baseball lifted against him.
Lasorda says it should never be lifted and added: "He doesn't belong in the Hall of Fame.”
Daily Fantasy Sports 911 Goes Live: DFS Picks, News, Reviews and More
Gambling911.com is thrilled to announce its first offshoot ever in 15 years as the world leader in gambling-related news. Daily Fantasy Sports 911 (or the easier to remember and type DFS911.com) has gone live as of May 9, 2015. Please don't forget to bookmark the site.
UIGEA Co-Author: ‘Never Intended to Cover Daily Fantasy Sports’
In a riveting piece written this past week on the ThinkProgress.com website, reporters Sacha Friedman and Josh Israel delve into the bold new world of daily fantasy sports.
NHL May Be Closer to Setting Up Team in Vegas
The National Hockey League board of governors are set to hold meetings next month in Las Vegas, an event signaled as the NHL warming up to having a team based in the gambling capital. It is here they will formerly announce the expansion process.
Cameron Victory a Win for UK Gambling Firms, ‘Crack Cocaine’ Fixed-Odds Terminals
UK betting firms can breathe a collective sigh of relief following Thursday’s election results in which PM David Cameron remains in power.
British bank stocks soared, led by Lloyds Banking Group Plc and Barclays Plc, as Cameron’s Conservative party unexpectedly secured a parliamentary majority, Bloomberg Business reported Friday.
Nevada Judge to Decide if Sands Wrongful Termination Case Should Proceed
LAS VEGAS (Associated Press) — A Nevada judge will decide if a wrongful termination case against Las Vegas Sands Corp. can proceed nearly five years after it was first filed.
District Court Judge Elizabeth Gonzalez heard closing arguments Thursday morning from lawyers representing former Sands China Ltd. CEO Steven Jacobs and casino-hotel company Las Vegas Sands.
At issue first is whether the case can be tried in Nevada since Sands China's operations are based in the lucrative Asian gambling enclave of Macau.
Adam LaRoche Daily Fantasy Sports Profile: Five Extra Bases Against Jason Marquis
White Sox first baseman Adam LaRoche should be considered for your daily fantasy roster Friday May 8.
He’ll face off against one Jason Marquis of Cincinnati, a pitcher LaRoche has hit well against over his career.
He’s 11-for-38 against Marquis with two doubles, three homers and five RBIs.
LaRoche comes into this game red hot averaging .357 despite a lackluster April.
Daily Fantasy Baseball - Juan Lagares Profile: 11-for-25 At Bats vs. Hamels May 8
Juan Lagares offers some decent DFS value Friday with a price tag around $2300. That’s a bargain based on Lagares’ past performance versus the Phillies Cole Hamels.
He’s 11-for-25 against Hamels with 4 doubles.
Lagares has an ERA of .364 versus the Phillies and is averaging right around .300 this season.
Mike Trout Daily Fantasy Sports Profile: Solid Against Hernandez May 8
The LA Angels Mike Trout will go up against Houston’s Roberto Hernandez Friday and Trout should have some decent value for Daily Fantasy Sports players despite a steep price.
The 21-year-old was being offered at a $5200 salary and his selection will place limitations on one’s roster.
Trout has gone 4-for-11 versus Hernandez with three homeruns and 4 RBIs.
FantasyAces.com to Pay Out $250K Prize Days After Daily Fantasy Sports Expo
FantasyAces.com, a two-year-old daily fantasy sports website, promises a $250K payday on August 15, just days after the first ever Daily Fantasy Sports Expo in Miami Beach August 6-7.
MLB Commish Rob Manfred on DFS: ‘Need to be Competitive in That Space’
Speaking at Kauffman Stadium, home of the Kansas City Royals, newly appointed Major League Baseball Commissioner Rob Manfred spoke candidly about his league’s decision to partner up with daily fantasy sports firm Draftkings. He also discussed the prospects of legalized sports wagering.
Mark Trumbo DFS Profile: .364 vs. Despaigne
Arizona Diamondbacks right-fielder Mark Trumbo has gone .364 vs. Padres Odrisamer Despaigne, making for a decent DFS play with Thursday night’s remaining games.
That past performance includes 4 hits on 11 at bats, a double and three RBIs.
Pentagon Employees Spent Nearly $1 Million on Gambling, Prostitutes
An IRS audit has revealed that Pentagon employees were found to be using their work issued credit cards for more than work-related travel.
Online gambling, casino gambling, prostitutes and strip clubs, to the tune of nearly $1 million, or $952,258 to be exact.
€1.1 Million for Winner of Record-Breaking EPT Grand Final €25K High Roller
The PokerStars and Monte-Carlo® Casino EPT Grand Final has just hosted yet another record-breaking €25k High Roller.
‘Rough Sex’ Politician Indicted for Using Campaign Funds to Gamble
A Louisiana Parish President indicted last year on a sexual battery charge has now been indicted by a Baton Rouge grand jury on 6 counts of using campaign funds to support his gambling habit.
The state says St. Bernard Parish President David Peralta gambled away the money at nearby casinos Harrahs, Hollywood Casino, the Silver Slipper and the Grand Casino Biloxi.
Kansas House Vote on Legalizing Fantasy Sports Likely Today
TOPEKA, Kansas — (Associated Press) - The Kansas House has postponed a vote on a bill that would define fantasy sports as legal.
The chamber passed over the bill in its schedule Wednesday, but a spokeswoman for House Speaker Ray Merrick said it would be addressed on Thursday.
Adelson Poll Shows Three Quarters of Those in PA Reject Online Gambling
Casino magnate Sheldon Adelson, whose Sands Casino in Allentown, PA is the state’s most successful, funded a poll that found nearly three quarters of Pennsylvania’s residents oppose online gambling.
Adelson stands in staunch opposition to legalizing Web gambling at the federal level and has helped draft legislation that would prohibit the activity.
Former Navy Seal Sentenced for Investment Fraud Scheme: Spent Money Gambling
SAN DIEGO — (Associated Press) - A former U.S. Navy SEAL has been sentenced in San Diego for bilking people out of more than $1 million in an investment fraud scheme.
Jason Mullaney got six years and eight months in state prison Wednesday for fraud, grand theft and other crimes.
Prosecutors contend the 44-year-old Mullaney cheated at least 13 people — many of them former Navy SEALs — by convincing them he was using their investment money to make loans.
Bwin and Sands Big-Wig Jason Ader Is At It Again With MD Insider
Jason Ader, a long-time friend to Gambling911 is at it again. The big-wig New York hedge-fund guru is now revolutionizing the healthcare arena, with his investment in MD Insider, which is based in California and using big data to evaluate physicians.
€25K High Roller Under Way at EPT11 Grand Final
After our hugely successful €100k and €50k Super High Rollers, we're back to high stakes action at the scene today at the PokerStars and Monte-Carlo® Casino EPT Grand Final with the €25k High Roller. There are already more than 100 players competing including American pro Erik Seidel, who took down the €100k a few days ago for €2,015,000 (which took him up to third place in the all-time money list). His fellow countryman Scott Seiver is also playing and is also already having a great time in Monaco.
