Gambling News
FantasyUp Could Go Belly Up Some Fear: Daily Fantasy Sports Site Slow Paying
A Daily Fantasy Sports site utilizing a “no rake” business model, FantasyUp, appears to be ready to pay the piper.
Can Rake Free Work in Daily Fantasy Sports? CBS Sportsline Thinks So
CBS Sportsline introduced its Daily Fantasy Sports platform this past week with a rake free concept that is sure to give industry leaders DraftKings and FanDuel and run for their money.
CBS’ DFS Director Grant Griffin tweeted this week that they were not planning on featuring rake any time soon although many believe the new NFL season will require the media conglomerate to change its model.
Ring Leaders in Violent California Sports Betting Ring Sentenced: Got Off Light
Two brothers, both of whom were ring leaders of a violent California-based illegal sports betting ring, have been sentenced to less than two years in prison and each must pay a fine of $50,000. Each had been facing up to 20 years prison time.
Erik Portocarrero, 44, and his brother, Jan Harald Portocarrero, 42, ran Macho Sports out of both California and the South American nation of Peru.
GVC Holdings Not Giving Up On Bwin.Party: The Timeline
GVC Holdings Plc, whose offer for the company was turned down in favor of a one from rival 888 Holdings Plc, has twice come back with higher offers.
All eyes are now on Bwin to see what it decides and whether 888 will return with a higher offer.
Following are some of the key developments in the long-running saga:
May 5, 2014 - American activist investor Jason Ader claims support for Bwin.Party shake-up to tackle what he describes as a continuing decline in the business.
May 22, 2014 - Bwin.party agrees deal with investor on board changes.
Donald Trump and the Mob: His Ties are Extensive According to Report
Last week, Chris Frates, CNN Investigative Correspondent, published an intriguing report on real estate mogul and GOP Presidential hopeful Donald Trump’s dealings with the Mob.
Trump's alleged ties to New York and Philadelphia crime families go back decades and have been recounted in a book, newspapers and government records, Frates notes.
Per Head Strategy of the Week: Payment Processing
Just like there are super successful and wealthy businessmen in the world, there are many factors that distinguish the most successful online gambling operations from those that just limp along slowly over the years, barely surviving.
MINNESOTA TWINS at TORONTO BLUE JAYS Betting Preview
The rebuilt Toronto Blue Jays continue their quest for the playoffs when they host the Minnesota Twins on Thursday night.
Trump Will Call Someone an Idiot, Moron at First Ever GOP Debate: Latest Odds
BetOnline was offering odds on whether GOP US Presidential candidate Donald Trump will call someone an idiot or moron at the first Republican debate for the 2016 elections.
Gambler Drops Cocaine on Casino Floor: Gets $300 Fine
A gambler in Australia charged with dropping 0.34 grams of cocaine on a table while gambling plead guilty and received a $300 fine.
The Australian Broadcast Corporation reported that the drugs fells out of his wallet when he was grabbing money to place a bet.
He continued to try to gamble, shrugging off the incident and telling police the cocaine was “just a few party drugs for tonight”.
Gambling Kingpin Wang Bo Deported Back to China
The Philippines Bureau of Immigration on Thursday confirmed the deportation of Chinese gambling lord Wang Bo.
BI Spokesperson Elaine Tan said that Wang was escorted by four Chinese nationals and boarded a flight back to Guangzhou, China on Thursday at 9 am.
Justice Secretary Leila de Lima issued the summary deportation (SDO) order for Wang last March.
Anyone Offering Betting Odds on First GOP Debate? Trump Odds Now Up
Say what you will about Donald Trump. He’s a bona fide star. Many believe that his mere presence during Thursday night’s first 2016 GOP debate will result in historic ratings for any U.S. Presidential debate.
MGM Files Lawsuit Against Connecticut Governor Over Preferential Treatment
HARTFORD, Conn. (Associated Press) — Casino developer MGM Resorts International filed a lawsuit Tuesday against several top state officials, including Democratic Gov. Dannel P. Malloy, saying a law he signed that could lead to a third tribal casino in the state is unconstitutional because it gives two tribes preferential treatment.
MGM, which plans to open its own $800 million facility in nearby Springfield, Massachusetts, asked the federal court to declare the law “invalid, null, and void in its entirety” and stop officials from abiding by it.
PokerStars to Begin Offering Online Sports Betting: Obtains License From Ireland
PokerStars, the world’s largest real money online poker company, has announced it has obtained a Remote Bookmaker’s License from the Republic of Ireland, making it possible to offer online sports wagering in jurisdictions where the activity is legal.
First Ever Daily Fantasy Sports Expo Forecast – Sunny, Hot and Lots of Dollar Signs
Gambling911.com sister site DFS911.com will be a main sponsor at the first ever Daily Fantasy Sports Expo taking place in Miami Beach Thursday and Friday.
Late last year, Gambling911.com founder Chris Costigan pushed conference organizer and long time colleague Marc Lesnick to host this event and it appears as if it will meet – if not exceed – initial expectations.
The fear all along hasn’t been so much about attracting the top talent and attendees but more so the potential for inclement weather.
Baaaaaad Boys: Mafia Figures ‘Sheep’ Code Broken by Authorities
(Reuters) - Police in Sicily arrested 11 suspected mobsters they believe were helping Sicilian mafia boss Matteo Messina Denaro evade capture and spread his orders to the rest of the criminal organisation - via handwritten notes.
The suspects used coded language to communicate with the highest-ranking Sicilian mob boss currently at large, police said in a statement.
Malta Suspends Nine Online Gambling Licenses in Wake of Mafia Scandal
One of the largest online gambling jurisdictions, Malta, has come under extreme scrutiny in recent days following news that a former prime minister’s son had ties to the Italian mafia, more specifically he ‘Ndrangheta crime syndicate.
Last week, Italian authorities €2bn (£1.4bn, $2.2bn) of assets that belonged to the organization.
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Seminole Hard Rock Poker Open Offers a Single-Entry $5 Million Guarantee Championship
Seminole Hard Rock Poker Open Offers a Single-Entry $5 Million Guarantee Championship and The Big 4: A First Ever Four Final Table Finale Televised by Poker Night in America on CBS Sports Network
Charity Series of Poker Tournament Will Kick-Off Championship Weekend on Friday, August 14
Daily Fantasy Sports Land in Gambling Industry Crosshairs
(Reuters) Mike Petta played Internet poker until 2011, when most U.S. poker websites were shut down. Last year, the 31-year-old father of two quit his job as an accountant to play fantasy sports full time, spending thousands of dollars a night entering fantasy sports contests. Now, the gambling industry wants him back.
Presidential Candidate Donald Trump and Gambling: What is His Record?
A dismal failure on all fronts, Gambling911.com can reveal
Four years ago, Gambling 911 profiled the candidates running for President of the United States in regard to their views on gambling issues.
Josh Marvin Earns $166k and Bracelet on HPT
Mt. Pleasant, MI - Poker players often dream of competing against their best friend for a major title. Chris Moon and Josh Marvin got to live that dream on Monday.
The two outlasted over 500 entries to battle each other in a heads up match for $166,565 and the first ever Heartland Poker Tour bracelet at Soaring Eagle Casino & Resort.
Macau Gaming Revenue Drops 34.5 Percent in July
HONG KONG (Reuters) - Gaming revenue in Macau fell 34.5 percent in July from the previous year, hovering around five-year lows as wealthy Chinese punters stayed away from the world's biggest gambling hub.
The decline, however, was narrower than the 36 percent drop in June and in line with analysts estimates for a fall of around 34-35 percent.
Gambling revenue fell year-on-year to 18.6 billion patacas ($2.3 billion), according to data released by the Macau government on Monday. In June, revenues fell to 17.4 billion patacas.
‘Ra1syDa1sy’ Conquers Million Dollar Sunday At Americas Cardroom For $200K
San Jose, Costa Rica – Another landmark weekend at Americas Cardroom is in the books. The US-facing online poker site wrapped up its latest edition of the Million Dollar Sunday with 1,939 total entrants. Poker player ‘Ra1syDa1sy’ conquered the tournament to secure the first place prize of $200,000 and become the third player this year to win a $1 million GTD tournament at Americas Cardroom.
Spring Owl Investor Jason Ader Wants More Than a Billion for Bwin.Party
Following news last week that GVC had stepped in to outbid 888 Holdings in the acquisition of Bwin.party by offering a billion dollars, Spring Owl investor Jason Ader reportedly says that figure is not good enough.
Ader, who serves on the board of Bwin.party, was influential in arranging the 888 Holdings deal.
But a billion dollars and change will most certainly raise some eyebrows.
The current 888 deal is worth 104.09p per share, and the revised GVC offer is 122.5p per share. Ader wants that to rise to 140p per share.
It’s Official: Five Separate $5 Million Online Poker Tournaments Scheduled
Americas Cardroom today announced five separate Million Dollar Sunday tournaments are now on the schedule throughout September and October.
The September 13th tournament will be followed by a $1 million guaranteed tournament every Sunday in October.
Million Dollars Sunday Tournament at 3 PM EST: $5 Mil Tourneys Coming
North American poker players and those across the globe are welcome to play at Americas Cardroom Sunday August 2 at 3 pm EST for a shot of the million dollars at their coveted Million Dollar Sundays tournament.
World Exclusive: ACR Giving Away $5 Million Guaranteed
Gambling911.com has learned that Americas Cardroom will be offering a $5 million guarantee online poker tournament. This will be the most money ever to be awarded by a North American-facing online poker room.
The promo, which was not to be announced publicly, was obtained exclusively by Gambling911.com, which of course will announce it. The $5 million will be rewarded over a 5 week period.
Here are the details:
Gambler Who Blamed Satan Ordered to Pay Over $2 Million to Casino
A gambling addict has been ordered to repay a casino £2.2m.
Safa Abdulla Al Geabury, 52, a Swiss national, was ordered by a UK Court to return the monies to the famed Ritz Casino.
Abdulla had argued that he should not have to pay the debt based on his assertion that the casino knew he was a gambling addict.
The wealthy gambler also claimed he had a “brain problem” and that the “Devil made me gamble”.
BetOnSports Founder Must Pay $36 Mil in Back Taxes: Loses Appeal
ST. LOUIS (Associated Press) - A federal appeals court has rejected attempts by the founder of a former online betting site to avoid paying $36 million in delinquent taxes and penalties, dismissing claims that his plea deal in a related criminal case precluded the government from pursuing the debt.
Foxwoods May be Exploring Daily Fantasy Sports
(Gambling911.com Fantasy Sports Wire) - With the final hours of online registration for the highly anticipated and first ever Daily Fantasy Sports Expo in Miami Beach next week, Gambling911.com can confirm that Foxwoods Casino will be in attendance.
