Gambling News
New Jersey Approves Revel Co-Owners to Operate Casino
ATLANTIC CITY, N.J. (Associated Press) — New Jersey casino regulators gave final approval Wednesday to an investment firm to be the largest owner of Revel Casino Hotel.
The state Casino Control Commission granted final approval to Chatham Asset Management, a hedge fund that is part of a lender group that emerged with an ownership stake in Revel following its bankruptcy last year. Chatham owns 28 percent of Revel.
But how long any of this lasts is anyone’s guess. Revel is considering selling itself or making a second bankruptcy filing.
Sands Hacked Casino Page Now Features Images: Still Reports Record Profits
Four days after Sands Las Vegas casino websites were hacked into, the respective sites for nine different properties are yet to be operating in full capacity.
Stanley Ho's SJM Makes Fresh Start With New Macau Casino
(Reuters) - Macau gambling kingpin Stanley Ho helped put the former Portuguese colony on the map 40 years ago with the fluorescent, onion-shaped Casino Lisboa. Now, the pioneer of old Macau is creating a new landmark - a $3.9 billion resort that will be one of the final projects to open on China's booming Las Vegas-style Cotai strip.
PokerStars Sportsbook: World’s Number One Could Dive Into Sports Betting
The world’ largest real money online poker site PokerStars is said to be contemplating the addition of a sportsbook.
Regulators Still Unsure if Sands, Venetian Guest Credit Card Info Compromised
LAS VEGAS – (Associated Press) - A Nevada gambling regulator said Thursday afternoon that it's unclear whether the hackers who knocked down all of Las Vegas Sands Corp.'s websites for three days and counting had stolen patron data, including credit card information.
NJ Online Gambling Operators Hamstrung by Credit Card Authorization Problems
The Financial Times on Thursday noted that New Jersey may not be living up to expectations where its burgeoning online gambling industry is concerned. The main obstacle: getting through the signup process, and that includes getting money on the respective websites.
From the Financial Times:
But operators are hamstrung by teething problems that include getting credit card companies to process deposits and the slow process of website registration.
Second Bitcoin Exchange Halts Withdrawals: Canada to Tighten Grip
A second major bitcoin exchange has temporarily ceased withdrawals following an apparent cyberattack that has seen the anonymous digital currency’s price drop in recent days.
Bitstamp followed the move of Mt.Gox by halting withdrawals after hackers had exploited a bug in some underlying software to carry out the attack.
FBI Confirms Probe of Sands Website Hackings: Credit Card Breach a Concern
Day 3 of the Las Vegas Sands casino websites remaining down following a corporate-wide hacking and it was still unclear as to whether customer credit card information could have been compromised.
At the time of the hacking, employee social security numbers were seen scrolling across the breached website.
CAN’T-Bet: Canbet Freezes $300k: Punters Issue Death Threats, File Lawsuits
Once among the most prestigious Australian online bookmakers, Canbet is now finding itself mired in scandal after freezing approximately $300,000 in player funds.
The reason: Financial restructuring, a gentle way of saying the company is having financial problems.
Minimum $10 Million to be Rewarded to Winner of World Series of Poker Main Event
LAS VEGAS — (Associated Press) - The World Series of Poker will give poker pros and amateurs a record number of chances to win gold bracelets at its Las Vegas bonanza this summer, and will award at least $10 million to the main event winner.
New Jersey Online Gambling Revenue Numbers Released: 28 Percent Increase
Internet gaming win for January 2014 increased 28% from the $7.4 million reported in December 2013.
As of January 31, 2014, 197,782 Internet gaming accounts have been created since the beginning of soft play on November 21, 2013.
Based upon filings with the Division of Gaming Enforcement, total gaming win from the casino hotels and Internet gaming operations totaled $195.7 million in January 2014,compared to $205.2 million in casino win last January.
- Aaron Goldstein, Gambling911.com
Former Full Tilt Poker Operative ‘Malpractice’ Claim Against Attorney Thrown Out
A Nevada district court has thrown out a claim against noted online gambling industry attorney Jeff Ifrah by which a former client asserted “malpractice”.
Chad Elie, a convicted online poker payment processor who was among those indicted during a sweeping crackdown on the industry April 15, 2011, alleged last April that Ifrah gave him misleading professional advice so that he could continue making millions of dollars in commission.
Rabcat Releases Castle Builder to the International Gaming Community
Austria - Rabcat is announcing the worldwide launch of its most innovative and successful real-money game yet, Castle BuilderTM.
Foxwoods Introduces Online Gambling Platform in Connecticut
A new online gambling platform has been introduced at the Foxwoods Casino in Connecticut, but with one catch……you won’t be able to play for real money.
Instead the concept will allow individuals to win discounts to the hotel and casino.
From the Hartford Courant:
Lawyer in Allied Veterans Gambling Case Sentenced: Faces Dozens of Years Jail time
SANFORD, Fla. (Associated Press) - An attorney for a veterans group that prosecutors say was a $300 million gambling operation is being sentenced for his conviction on 103 counts.
Kelly Mathis faces dozens of years in prison during his sentencing hearing Wednesday.
Las Vegas Sands Not Saying If Customer Credit Card Info Compromised (Video)
Las Vegas Sands officials were not responding to inquiries related to customer credit card information following a hacking of its corporate websites Tuesday that continued to leave its digital services in disarray 36 hours later. The site remained out of commission heading into Thursday.
First They Steal Doyle Brunson’s Identity: Now They Steal His Crutches
80-year-old poker icon Doyle “Texas Dolly” Brunson tweeted that his crutches had been stolen from an Albertson’s drug store over the weekend.
He tweeted:
Shares in 888.com Up: Growth in New Jersey Online Gambling Market, Eyeing CA
Shares in 888 holdings (888.com) were up 4.2 percent higher Tuesday to 145.3p on positive news that it may be increasing its market share in New Jersey.
Until now, Party Poker has captured more than half the New Jersey online gambling market.
Bitcoin Startup ZipZap.com Could Give Western Union a Run for its Money
CNN Fortune published an article warning that bitcoin start up ZipZap.com could fast become stiff competition for international money exchange outfit Western Union.
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Up until now, Western Union has operated nearly as a monopoly.
Sands Casino Sites Still Down After Hacking: Social Security Numbers Posted
The Sands Las Vegas casino property websites were down throughout the day Tuesday following what appeared to be a website hacking. At one point during the early part of the day it was reported that staff and executive social security numbers were scrolling on the compromised sites.
Joe Nguyen Prevails at Club One Final Table
Fresno, California – As Heartland Poker Tour’s latest nationally-televised event wrapped up at Club One Casino, telephone repairman Joe Nguyen had just one more opponent to get through on his way to an HPT championship: Club One’s Director of Business Development, Su Kim. She played the event on her home turf and advanced to the Final Table where she survived four all-in situations, catching a card on the river three of those times. Nguyen, who had a four- to-one chip lead on Kim heads up, locked up the championship in just two hands.
2014 LSOP Millions Poker Tournament Sends 48 Players to Panama So Far
The LSOP Millions, a $1 million guaranteed tournament happening in Panama this March, has revolutionized the international poker tournament concept by hosting Day 1 tables across multiple land-based casinos all over latin america. The LSOP Millions is set to get underway at Majestic Casino in Panama from March 7th through 15th, but dozens of players have already made the money.
US, Italian Authorities Arrest 17 Gambino Crime Family Operatives in Massive Sting
(Associated Press) - U.S. and Italian authorities said Tuesday they had broken up a new heroin-and cocaine-trafficking ring coordinated by Italy's powerful 'ndrangheta organized crime syndicate and New York City's Gambino crime family. Seventeen people were arrested in Italy and another seven in New York, officials said.
Have Sheldon Adelson’s Sands Casino Websites Been Hacked (Update)
While billionaire casino magnate and mega GOP donor Sheldon Adelson has gone on the attack against legalizing Web gambling in the US, he may want to focus on keeping his own casino sites up and running.
Match Fixing Probe Finds ICC Chairman Son-In-Law Guilty
NEW DELHI — (Associated Press) - The son-in-law of Indian cricket board boss and ICC chairman-designate Narainswamy Srinivasan has been found guilty of passing on information to illegal bookmakers by a committee investigating match fixing in the Indian Premier League.
Man Arrested for Using Fake Poker Chips at Borgata Made $1 Mil From Pirated DVDs
A North Carolina man charged with using fake poker chips during this past month’s Borgata Winter Open has now been charged with copyright infringement.
Al Michaels Turns Oddsmaker – Makes Winter Olympics Curling Bet on the Air (Video)
Who would have thought that curling would become such a hot betting item?
That’s exactly what happened Tuesday when NBC Sports commentator Al Michaels, while on the air with Rebecca Lowe, made up a line on one of the Winter Olympics curling events, specifically Great Britain vs. USA.
Michaels instilled the US as a “two stone underdog” and proclaimed that America will win.
He promised to be back on Wednesday to discuss the results.
Phil Ivey Wins $4.2 Mil At Aussie Millions Event: His Biggest Take Ever
Poker pro Phil Ivey just got a whole lot richer Monday.
Already one of poker’s biggest money earners of all time, Ivey added another $4.2 million to his treasure chest at this week’s Aussie Millions $250,000 Challenge.
This was Ivey’s single biggest cash ever.
Ivey entered Day 2 of the event with the seventh largest stack at 622,000 and would eventually finish off fellow poker pro Isaac Haxton by day's end.
No need to shed any tears for Haxton however as he walked away with a cool $2,820,000.
Al-Qaida Poker Network Could Help Fund Several 9-11 Styled Attacks (Video)
Vegas casino billionaire and GOP donor Sheldon Adelson may have gone a bit overboard with his latest attack ad suggesting Internet gambling to be a national security threat.
One of the few gaming industry heads opposed to legalized Web gambling in the US, Adelson released his latest anti-online gambling ad on Monday.
Macau Gambling Revenue Up But Misses Estimates
(Reuters) - Macau, the world's casino capital, raked in 28.7 billion patacas ($3.6 billion) in gambling revenues for the first month of 2014, boosted by Chinese visitors flocking to the country's only legal casino hub ahead of a week-long national holiday.
Revenue growth in Macau, a special administrative region of China like neighbouring Hong Kong, was up 7 percent in January, the lowest growth rate since October 2012 and far below analyst estimates of 11-15 percent.
