Gambling News
Las Vegas Sands Gets Downgraded as Macau Fears Grow
Credit Agricole on Wednesday morning downgraded Las Vegas Sands Corp. from a buy rating to an outperform rating. Many analysts having growing fears over casino companies with exposure in the Chinese gambling hub of Macau following a recent crackdown by that country’s government.
The firm has also downgraded shares of Wynn Resorts, Limited, another company with operations in Macau, from a buy rating to an outperform rating.
In the midst of the crackdown, gaming revenue is forecast to decline.
Freeroll Meets Rebuy Tournament With Americas Cardroom's $25,000 Freebuy
San Jose, Costa Rica – Americas Cardroom US-facing online poker site this week announced a special Freebuy Tournament to be held this Sunday, March 22nd. The tournament comes with a $25,000 guarantee and costs nothing to enter.
WBX Betting Exchange Shuttered: Regulatory Climate Spelled Doom
Online betting exchange WBX has unceremoniously closed its doors for good though the company insists players are able to withdrawal their funds in full and that any future wagers will be decided “in the normal way”.
Lawyers for Sports Betting Consultant to the Stars Put Together Insanity Defense
A Florida sports tout charged with trying to extort $25 million from a Wisconsin businessman is claiming he was only trying to help law enforcement.
Lawyers for Adam Meyer, 43 from Fort Lauderdale, are also said to be putting together an insanity defense according to a report in the Milwaukee Journal Sentinel.
The victim, initially identified only as “Victim A” in court documents, has since been revealed as liquor store owner Gary Sadoff.
Dire Warning Issued By Connecticut Tribes: 18000 Casino Jobs Could Be Lost
HARTFORD — (Associated Press) - The leaders of Connecticut's two federally recognized Indian tribes made a united pitch Tuesday to open at least one, jointly-owned casino, warning lawmakers the state could lose 18,000 jobs once a casino in neighboring Springfield, Massachusetts opens in 2½ years.
That figure includes both jobs at Mohegan Sun and Foxwoods Resort Casino, as well as hundreds of vendors and other affected businesses across the state.
Satisfy Your March Madness Fantasy Fix With a Twist of TradeSports
While most daily fantasy sports websites are shunning March Madness the way Major League Baseball shuns Pete Rose, one fantasy site sees the NCAA's annual, 68-team, basketball free-for-all as too good an opportunity to ignore.
Tradesports (www.tradesports.com) will be offering contests for the tournament, but with a twist.
You don't put your money on players, you put it on props (short for propositions).
Pamela Anderson: Rick Solomon Made $40 Mil Last Year Playing Poker vs. One Guy
“Baywatch” babe Pam Anderson is claiming her ex Rick Solomon beat one man out of $40 million last year playing poker and now she wants half of that money as part of a California divorce.
PokerStars Signs Japanese Celebrity Yuiko Matsukawa as Brand Ambassador
ONCHAN, Isle of Man –The world’s largest poker site PokerStars.net, an Amaya Inc. (TSX: AYA) brand, today announced the sponsorship of Japanese model Yuiko Matsukawa. Matsukawa will join a roster of PokerStars-sponsored celebrities including Spanish tennis superstar Rafael Nadal, Brazilian soccer legend Ronaldo, and number one poker professional Daniel Negreanu.
Roundup of 65 in Atlanta-Area NCAA Basketball Tournament Betting Ring
WSB-TV Atlanta was reporting late Monday that Alpharetta police were booking about 65 people into jail in connection with an illegal gambling operation.
Police said they moved in on Pepperoni's Tavern on Old Milton Parkway at about 9 p.m. Monday.
Law enforcement claim the investigation is tied to a major NCAA College Basketball tournament betting ring.
Pete Rose Submits Application to be Reinstated Into Baseball: Punished for Betting
Arguably one of the greatest Major League Baseball players of all time, Pete Rose, was banned from the sport back in 1989. His crime: Betting on the Cincinnati Reds while managing the team.
Rose has tried and failed to be reinstated into Major League Baseball in September 1997 and November 2002 with Commissioner Bud Selig never ruling on the application.
One Last Time: NJ Heads to Court Over Sports Betting Legalization
NEWARK, N.J. — (Associated Press) - The 2 1/2-year legal battle over sports gambling in New Jersey is moving back to court.
Lawyers representing the state will argue before the 3rd U.S. Circuit of Appeals in Philadelphia on Tuesday. They'll be opposed by attorneys representing the NCAA and the four major pro sports leagues.
The leagues sued the state in 2012 to stop New Jersey from going ahead with a law allowing sports gambling. Currently only Nevada allows betting on individual games at betting locations known as sports books.
More Than $10 Million Awarded in PokerStars Sunday Million 9th Anniversary Event
ONCHAN, Isle of Man – ‘BRAYDEN93’, an American player who now lives in Mexico, was this morning crowned winner of the Sunday Million 9th Anniversary tournament, winning nearly $600k at PokerStars, an Amaya Inc. (TSX: AYA) company.
Monday Hearings on Revel Casino Postponed
ATLANTIC CITY, N.J. – (Associated Press) - Hearings on the tumultuous Revel casino sale have been postponed.
A bankruptcy court judge was to hear a series of contentious motions on Monday, after she refused on Friday to approve the sale of the shuttered casino to a Florida developer for $82 million.
Revel's owners were expected to ask the judge to reconsider. She also was to hear requests from its power plant to allow it to cut off service to the building due to unpaid bills, and to appoint a trustee to liquidate the property.
Skybet Gets Reamed for ‘Odds Error’ Tied to PSG Shock Extra Time Win
One of the United Kingdom’s largest online bookmakers, Skybet, found itself caught up in a major controversy over the weekend following an odds error on its mobile phone app.
The app, which has been downloaded some 700,000 times to date, presented odds of 25-1 for a PSG win in extra time over Chelsea only to have the payout as 9-2 by Skybet. The bookmaker has since claimed the odds were a mistake.
Daily Fantasy NBA Player Value Watch – Aaron Brooks
Gambling911.com has your daily fantasy NBA player value watch for the Bulls point guard Aaron Brooks, who we see as a strong pick versus both the Thunder on Sunday March 15 and the Raptors on the 20th.
How to Win Money Playing Daily Fantasy Sports
If you are like many readers of the Gambling911.com website and DFS911.com (coming soon), you might be asking yourself: “How can I make money playing daily fantasy sports”?
Well, it’s easier than you might think and doesn’t necessarily incorporate a whole lot of time provided you know where to gather the right information.
Daniel Negreanu Where it All Began: Offers His First TBT
Poker icon Daniel Negreanu released his first ever TBT on Instagram this week. TBT stands for “Throw Back Thursday” and features photos from years past.
NJ Online Gambling Revenue Down 10 Percent in February Despite Snow, Frigid Temps
New Jersey has released its February online gambling revenue numbers and they are not very good. A decline of nearly 11 percent was seen from January.
Winning Poker Network Looking to Push the Envelope Even More
San Jose, Costa Rica – Over the past six months, Winning Poker Network (WPN) has delivered more unique selling propositions to its players than all of the other networks combined.
Oddsmakers Take Bets on ‘Frozen 2’
All the talk in Hollywood this week centered on the announced production of “Frozen 2”, a sequel to the 2013 box office hit “Frozen”. Now oddsmakers are looking to capitalize on the phenomenon.
Iowa Senate Votes to Allow Fantasy Sports
DES MOINES (Associated Press) — The Senate has passed a bill that would allow a person in Iowa to win money in fantasy sports contests.
The Senate voted 32-16 to approve the bill Thursday. It now heads to the House, where lawmakers are considering a similar bill.
Red Bull Energy Drink Fuels PokerStars Live Macau
ONCHAN, Isle of Man – March 13, 2015 – PokerStars.net, an Amaya Inc. (TSX: AYA) company, today announced that Red Bull, the world’s best-selling energy drink, has become the Official Energy Drink Provider of PokerStars LIVE Macau.
The iconic drink will give wings to poker players who will get complimentary cans of Red Bull when they compete in PokerStars LIVE Macau’s four major main events of 2015:
• Macau Poker Cup 22: February 27 - March 15
• APPT 9 Macau: May 27-31
• Macau Poker Cup 23: August 28 - September 13
Loretta Lynch May Not Get Vote Over Answer to Online Gambling Question
At least one US Senator has said he will likely not vote to confirm Attorney General nominee Loretta Lynch based on her answer to a question regarding online gambling, more specifically her unwillingness to overturn the 2011 Office of Legal Counsel opinion limiting the scope of the 1961 Wire Act to sports betting.
Mafia Thrives on Italy's Legalized Gambling Addiction
(Reuters) - Legalizing gambling in Italy was supposed to help curb the mafia. Unfortunately, prosecutors say, it has only created new opportunities for the mob.
Cash-strapped Italian governments desperate for revenue have relaxed the rules on betting over the past two decades, to the point that Italians now wager $80 billion euros ($86 billion) a year - nearly equal to 5 percent of gross domestic product.
Atlantic City Casino Revenue Down Another 14.8 Percent
ATLANTIC CITY, New Jersey — (Associated Press) - Atlantic City's February casino revenue declined by 14.8 compared with a year ago, when there were 11 casinos operating instead of the current eight.
Even the eight surviving casinos saw their revenue fall by 1.9 percent compared with February 2014.
The casinos won $178.4 million in February, a month beset by snowy weather.
Chaffetz Pisses Off State Lottery Officials
Throughout the years, the state lotteries have proven to be a force when it comes to potential gambling legislation. Such was the case in 2006, when state lotteries were able to detach themselves from what would ultimately become the Unlawful Internet Gaming Enforcement Act or UIGEA. Bottom line: Don’t mess with the state lotteries.
Bwin.Party Potential Suitor Talks Reach Fever Pitch
LONDON - (Reuters) - Online gambling firm Bwin.party said talks about selling all or part of its business had become more serious, as it battles headwinds such as the decline of regulated poker markets in Europe.
Bwin, which was created by a merger of sports betting group bwin and online poker group PartyGaming in 2011, said in November it was considering a range of proposals from interested parties.
Canada's Amaya Gaming, which last year bought online gambling sites PokerStars and Full Tilt Poker, was one party named in media reports last year as being interested.
San Jose CA Largest Gambling Bust on Record: Vietnamese Cafes Caught in Crossfire
San Jose, California police confirmed raids on several Vietnamese owned cafes to root out illegal gambling machines at the establishments.
The raids were designated “Operation Omni”, coming about following a year-and-a-half investigation.
“The only thing I can confirm at this time is that we are serving multiple search warrants and arrest warrants in the area,” FBI special agent Greg Wuthrich told KPIX 5.
The following cafes were raided:
2016 Super Bowl Betting Market Fluctuations After Free Agency the Most Fluid Ever
“We don’t remember a day like this where the Super Bowl betting market saw so much change in a short period of time.”
Daily Fantasy Sports Leagues Not Mad for March Madness as Most Shun College Hoops
For the second time this year, fantasy sports leagues will be shut out of the action for a major sporting event.
Last month, none of the leagues weren't able to hold daily fantasy contests for the Super Bowl because Federal law bans fantasy play based on a single game.
This month, most fantasy sports leagues won't be holding any contests in connection with March Madness, the annual NCAA basketball tournament, because most leagues don't get involved with any college sports.
