Gambling News

Betfair Threatens to Leave United Kingdom

 

The world’s largest online betting exchange, Betfair, which went public earlier this month and is valued at £1.4bn, is threatening to exit the United Kingdom over the The British Horseracing Authority (BHA) “unreasonable” racing levy.   

CEO David Yu told a Sunday newspaper Betfair would be “happy to be licensed and to pay sensible tax but if we don’t see movement we’d have to consider what’s right for the business over the long term.”

Submitted by Aaron Goldstein on, Nov/01/2010

Gaming News Network Looks To Become CNN Of Gambling

Submitted by Aaron Goldstein on, Nov/01/2010

5 Best Casinos In Las Vegas According to AOL Travel: Wynn Excluded

Submitted by Aaron Goldstein on, Oct/31/2010

Australian Casino Violence: Another Burswood Attack

Submitted by Greg Tingle on, Oct/31/2010

Potato Peeler Robber Who Held Up Bookies Gets 5 Years Prison

In one of the more bizarre robberies ever reported, a man was sentenced to 5 years behind bars for robbing a bookmaker.  The weapon:  A potato peeler!

Gary McGain, 29, hid the peeler in a sock so it looked like a gun and pointed it at a cashier’s head.

McGain appears to have been a serial robber, having hit the same bookmakers on at least one previous occasion.

Submitted by Jagajeet Chiba on, Oct/30/2010

Australian Media Wars Featuring Packer and the Murdochs

Submitted by Greg Tingle on, Oct/30/2010

Gambino Crime Family Associate Andrew Merola Sentenced to 11 Years

A Gambino Crime family associate, Andrew Merola of Toms River, New Jersey, has been sentenced to 11 years for his role in an elaborate racketeering and sports betting ring.

22 of Merola’s co-defendants had already pled guilty to crimes that included fraud, extortion, loan-sharking and sports betting.

"Any which way they could make money, they wouldn't hesitate to seize the moment," said former federal prosecutor Ronald Wigler, who led the case.

Submitted by Guest on, Oct/29/2010

Nissan Recall Pays $380 At Sportsbook

Submitted by Aaron Goldstein on, Oct/28/2010

SBG Global Online Casino Adds Live Dealer

Submitted by Guest on, Oct/28/2010

Online Sportsbook Complaints For Last Week of October 2010

A series of online sportsbook complaints occurring across the World Wide Web are being monitored by Gambling911.com the final week of October 2010.

Submitted by Guest on, Oct/28/2010

Paddy Power Already Pays Out On Republicans

 

Submitted by Aaron Goldstein on, Oct/28/2010

Gambling to Blame for Former Georgetown, NBA Player’s Shooting

The October 21 shooting of former NBA player Charles E. Smith in the Fairwood community of Bowie, Maryland, was over a gambling dispute, police have confirmed.

Police spokeswoman Sgt. Michelle Reedy told the Gazette that a search of the house where Smith resided and was found shot turned up "a large quantity of cocaine and evidence of a gambling operation,” including ledgers.

As of Thursday October 27, Smith remained in fair condition.

Submitted by Jagajeet Chiba on, Oct/28/2010

SBG Global Online Casino Adds Live Dealer

Submitted by Guest on, Oct/27/2010

James Packer Network Ten Deal May Link To Online Gaming

Submitted by Greg Tingle on, Oct/27/2010

Bookie, Enforcer Has Bail Reduced By Court

Andover, Massachusetts residents and accused bookmaker/loan shark and his “enforcer” had their bails reduced by a judge on Tuesday.

According to the Eagle Tribune, Judge Mary-Lou Rup lowered the bails for both Joseph Giallanella, 62, of North Andover, and Wendell Bradford, 44, of Taunton on Tuesday.  Both men are tied to a 31-person indictment issued last Thursday that included reputed Boston mobster Mark Rossetti.

Submitted by Jagajeet Chiba on, Oct/27/2010

James Bond Casino Icon Aston Martin Sale Today

Submitted by Greg Tingle on, Oct/26/2010

Iowa Electronic Markets Say Democrats Are Doomed

Submitted by Aaron Goldstein on, Oct/26/2010

Las Vegas Casino Bathroom Robberies Routine?

Submitted by Jagajeet Chiba on, Oct/26/2010

Paul the Psychic Octopus is Dead!

Paul the Psychic Octopus will not be picking any more World Cup games.  He’s dead!

Submitted by Jagajeet Chiba on, Oct/26/2010

Microgaming Named in Kentucky Internet Gambling Suit

Submitted by Jagajeet Chiba on, Oct/26/2010

Sports Betting Mob Leader Facing Up To 12 Years In Prison

Submitted by Aaron Goldstein on, Oct/26/2010

Betsson Latest Online Gambling Firm Sees Huge 3rd Quarter Results

Submitted by Aaron Goldstein on, Oct/26/2010

James Packer 'Very Clever' TV Raid Says Sen Stephen Conroy

Submitted by Greg Tingle on, Oct/25/2010

Online Gambling Industry Proponent Barney Frank In Danger Of Losing

Submitted by Alistair Prescott on, Oct/25/2010

Las Vegas Sands to Tap Into Intercontinental Network

Submitted by Guest on, Oct/25/2010

Las Vegas Casino Bathroom Robber Kills Victim: Scott Montgomery Lucky

Another robbery in a Las Vegas casino bathroom and this time the victim didn’t make it out alive.

Submitted by Ace King on, Oct/25/2010

Gambling Shares A Beacon in Tough Economy

While there continue to be few bright spots in the world economy, gambling shares both online and in the Asian gaming Mecca of Macau, continued to defy the trends.

3rd quarter results this past week at major online gambling venues and the introduction of betting exchange Betfair to the London Stock Exchange with an IPO of $2.84 billion have many investors excited.  

Submitted by Aaron Goldstein on, Oct/25/2010

Betfair Shares Start Off Strong

Betfair’s listing on the London Stock Exchange this past Thursday started off with a bang.  The company’s shares rose almost 20pc the very first day of trading.

The 10-year-old company and world’s largest betting exchange is valued at £1.6billion, while co-founders Edward Wray and Andrew Black stand to make £18.9m and £16.6m, respectively, from the flotation.

Submitted by Aaron Goldstein on, Oct/24/2010

Star City Casino Tipped For Rename: The Star

Submitted by Greg Tingle on, Oct/23/2010

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