Gambling News
Poker Maximus III is coming…And Gambling911.com has Your Exclusive Preview
Since everything generally happens in 3’s, Carbon Poker has announced that they are bringing back the ever popular Poker Maximus Tournament Series one more time in 2012.
Queens DA Issues Release on Arrests of 25 in Massive Sports Betting Ring Tied to Pinnacle Sports
Queens District Attorney Richard A. Brown, joined by New York City Police Department Commissioner Raymond W. Kelly, Acting Assistant Director in Charge of the New York Office of the Federal Bureau of Investigation Mary E.
Cantor Gaming Director Michael Colbert, PinnacleSports Owners Indicted
Michael Colbert, the Sportsbook Director for Cantor Gaming, was arrested early Wednesday morning in Las Vegas along with seven other individuals whose names have since been released. A total of 25 arrests were made nationwide Wednesday. The 259 page indictment charges these individuals with Enterprise Corruption, Money Laundering, Promoting Gambling and Conspiracy.
Ilari ‘Ilari FIN’ Sahamies Wins $1 Million in Just 48 Hours
One of Finland’s most prominent high stakes poker players, Ilari ‘Ilari FIN’ Sahamies, managed to win just over $1 million in under 48 hours playing online at PokerStars.
Pinnacle Entertainment 3rd Quarter Loss Narrows
LAS VEGAS (Associated Press) — Shares of Pinnacle Entertainment hit annual highs Wednesday after the casino operator halved its losses for the third quarter and beat Wall Street expectations.
The company lost $358 million, or a penny per share, compared with $790 million, or a penny per share, a year ago. The company took a bigger loss from discontinued operations last year, which cause the per-shares results to even out. Adjusted income per share, which takes out some expenses, sold properties and other one-time items, rose 20 percent to 30 cents per share.
Zynga Partners With Bwin.Party to Offer Real Money Online Poker in UK
(GlobeNewswire via COMTEX) -- Zynga, the world's leading provider of social game services, and bwin.party, the leading international real money gaming operator, today announced an exclusive partnership to offer real money online Poker and Casino games in the UK market. Zynga's UK-based RMG service and bwin.party will launch RMG products including Poker and a full suite of 180 Casino games in the first half of 2013, which include table games such as slots, roulette and blackjack.
Zynga Shares Jump After Company Revenue Beats Expectations
(Reuters) - Zynga Inc raised the lower end of its 2012 earnings outlook after quarterly revenue beat Wall Street's rock-bottom expectations, driving its shares 13 percent higher.
As pressure fell on the embattled "FarmVille" creator to show Wednesday that it has stabilized its spiraling business, the company assuaged investors with a series of minor announcements, from a new deal with British firm bwin.party to offer online real-money gambling in the United Kingdom to a $200 million share buyback plan that would lift its dismal share price.
The Ironies Associated With The ‘Cantor Gaming – Pinnacle Sports Arrests’ are Many
Jagajeet Chiba here for Gambling911.com and boy what a day, heh?
Mike Colbert, Director of Cantor Gaming’s sportsbook operations in Las Vegas, was arrested early Wednesday morning in connection with an investigation related to Pinnacle Sports out of Curacao.
Mike Colbert Arrest a Black Eye for Nevada Gaming Control Board
As Nevada is set to begin legalizing online poker, it may also face a serious setback following news that M Resorts Sportsbook Director, Mike Colbert, has been arrested and charged on eight counts of conspiracy, money laundering and enterprise corruption.
Specifics of this arrest are forthcoming on Thursday 11 am ET as New York prosecutors are set to hold a press conference. The investigation is being conducted by the Queens District Attorney's Office, long notorious for going after operatives of offshore sports betting businesses.
Sportsbook Director for Cantor Gaming, M Resorts Arrested in NYC: Faces 8 Charges
As first reported on Gambling911.com Twitter Wednesday afternoon, there has been a series of arrests made in New York City and across the US related to sports betting and one of the individuals charged is none other than Mike Colbert, Sports Director for Cantor Gaming and Manager of M Resorts Race and Sports Book.
$10K Chip King Freeroll Tournament This Saturday at Carbon Poker
The end of the month is here and that means it’s the last chance for Carbon Poker players to qualify for the final $10,000 Chip King freeroll tournament this Saturday (Oct 28).
Brennan Jr: Harry Reid Likely Eyeing Cyber Security Bill for Online Poker Measure
The Interactive Media Entertainment & Gaming Association (imega.org) founder Joe Brennan, Jr. believes that a reintroduced Cyber Security measure could be the vehicle for passing online poker legislation during the lame duck session.
Brennan, Jr. tweeted:
Bet this is the ‘must pass’ bill Reid will tack his poker bill to in Lame Duck; is it enough of a “must have” to work?
Despite Shedding European Market, Bodog Poker Close to Cracking Top 10
Earlier this month Bodog Poker announced it will no longer be servicing the European market, citing the regulatory barriers for individual nations and a renewed focus on the Asian market.
Taking this into account, it is somewhat surprising that Bodog appears to be on the verge of cracking the top 10 most trafficked online poker networks in the world according to PokerScout.com, a traffic monitoring website.
EuroClub Network: The Newest Online Poker Network Debuts With Goldbet
Euroclub Network Ltd. announced today that it launched a new online poker network, branded League Network, with its showcase premier customer, Goldbet. The League Network differentiates itself from other poker networks through its focus on entertainment value, balanced player pools across partner sites and higher partner revenues, as sites operating on the League Network will not offer rakeback.
Draft Internet Poker Bill Favors Harry Reid’s Home State of Nevada
Politico.com says that the draft Internet poker bill featured on sites like Gambling911.com is “expected to drop during the lame-duck session”.
And, oh yeah, the measure not-so-subtly favors Senate Majority Leader and co-author Harry Reid’s home state.
From Politico.com:
Zynga Lay Offs in Boston, Austin, Japan and Great Britain Leave Hundreds Out of Work
Zynga on Tuesday announced it was laying off 5 percent of its full-time workforce, mostly in Boston and Austin. It will also be shutting down offices in the UK and Japan.
Reuters News Service received a copy of the message to employees, which came a day before third-quarter earnings were to be announced.
"This is the most painful part of an overall cost reduction plan that also includes significant cuts in spending on data hosting, advertising and outside services, primarily contractors," Pincus said in his memo.
Howard Lederer All-In at Live Poker Events as US Government Closes In
Following a series of long winded interviews with various poker media outlets, Howard Lederer now appears more comfortable than ever attending live poker events.
He was MIA for nearly a year-and-a-half after Full Tilt Poker found itself at the center of a US investigation into money laundering and bank fraud. The US Government later filed a complaint against part-owner Lederer, accusing him of running an elaborate ponzi scheme. He now faces civil fines in the millions.
Third Year of Punta Cana Poker Classic Improved With the Flop: No Dealer Buttons
From no dealer buttons to great dealers and fantastic rulings made by Staff.
The third year of the Punta Cana Poker Classic improved with the flop, yet we have to see the turn and the river.
Carbon Poker Lowers Minimum Buy-in on Fixed Limit Games, Introduces New Blind Structure
Carbon Poker on Tuesday announced a decrease in their minimum buy-in.
The popular online poker website has changed the minimum buy-in to 5 big bets on all fixed limit games.
Poker Player Dan Smith $219,504 First Place Payout Bigger Than Expected at Sunday Million
Dan "Danny98765" Smith won $219,504.25 at PokerStars Sunday Million even though the first place prize was supposed to be $211,800.
PokerStars claims the added reward of nearly $8000 was a result of a five-way deal.
From CardPlayer.com:
PartyPoker Glitch Results in Hole Cards, Player Names Changing Mid Hand
PartyPoker is investigating a bizarre glitch in their software that has recently caused hole cards and player names to change mid-hand during real money play.
From PokerFuse.com:
European Commission Action Plan for Online Gambling Published
Online gambling in the Internal Market - Frequently asked questions
Why is the Commission adopting an Action Plan on online gambling?
Online gambling services are both in demand and widely offered throughout the EU and the economic significance of the sector continues to grow. This process has so far proven to be largely independent from the level of restrictions imposed by individual Member States. Thus in 2008, four out of the five largest national online gambling markets in the EU were characterised by very restrictive regulatory models (Germany, Italy France, Sweden)
Philadelphia Mobster Wanted Frank Sinatra Dead
A high profile Mob trial began last Thursday in Philadelphia and on Monday we learn that reputed Mob 'boss' Joseph Ligambi wanted crooner Frank Sinatra dead for insulting him at a concert.
Ligambi is charged with illegal gambling and extortion.
Greg Raymer Wins Heartland Poker Tour Triple Crown
Stop us if you’ve heard this before: Greg “Fossilman” Raymer won an HPT championship today. The 2004 World Series of Poker Main Event Champion is on a roll in the Heartland. For the third time in three months, the poker icon from Raleigh, North Carolina found himself on the set of Heartland Poker Tour’s nationally-syndicated TV show. Appropriately, he earned his triple crown at Prairie Meadows Racetrack Casino Hotel just outside of Des Moines in Altoona, Iowa.
Latest US Presidential Betting Odds
The latest odds for the US Presidential race as of October 22, 2012 had President Barack Obama paying $10 for every $16.50 bet with a win (the $16.50 is refunded with a win). GOP nominee Mitt Romney would pay out $14.50 for every $10 bet. All odds courtesy of Sportsbook.com here
EU Unveils Online Gambling Mission
The European Union on Monday unveiled plans to improve safeguards for money laundering activities via online gambling websites.
The EU mission also looks to prevent match fixing while protecting players against fraud.
From Bloomberg News:
Stratosphere Owners Will Have Online Poker Live by December
In an exclusive interview with Alec Driscoll, Director of Gaming Development for American Casino & Entertainment Properties, it was revealed that the established casino operator’s free online poker site should go live by December.
Reid-Kyl Internet Poker Bill Removes Player Punishment Language
Players will not be penalized for playing with offshore Internet poker rooms after all.
William Hill Online Poker Revenue Down
William Hill, the United Kingdom’s largest bookmaker, reported net poker revenue down 24 percent in the third quarter of 2012. Hill’s online poker platform is tied to Playtech and its iPoker Network, the 2nd most trafficked in the world.
The change is significant compared to last year during the same period.
Sportsbook turnover, on the other hand, was up 27 percent while the casino grew by 2 percent. Bingo was up 6 percent.
Eric Drache and Brian ‘Sailor’ Roberts Inducted Into Poker Hall of Fame
The Poker Hall of Fame has inducted two new members: Eric Drache and Brian “Sailor” Roberts. They become the 43rd and 44th members, respectively.
The pair were nominated by the public with a final decision made by a 36-person panel made up of existing Poker Hall of Famers along with members of the media.
Roberts won the World Series of Poker $10,000 buy-in No Limit Hold’em World Championship in 1975. He was one of three members of the “Texas Road Gamblers” that also included the late Amarillo Slim and Doyle Brunson. Roberts passed away in 1995.
