Gambling
Revel Starts Shutdown Monday After Just 2 Years
ATLANTIC CITY, N.J. (Associated Press) — The most spectacular and costly failure in Atlantic City's 36-year history of casino gambling begins to play out Monday when the $2.4 billion Revel Casino Hotel empties its hotel.
Its casino will close early Tuesday morning.
Revel is shutting down a little over two years after opening with high hopes of revitalizing Atlantic City's struggling gambling market. But mired in its second bankruptcy in two years, Revel has been unable to find anyone willing to buy the property and keep it open as a casino. It has never turned a profit.
High Profile Names of Denver Sports Betting Clients Will Not Be Released
Jeffrey Dorschner, a spokesman for the U.S. attorney's office in Colorado, has confirmed that the names of those appearing on a client list of a multi-million dollar Denver area sports betting ring will not be made public.
Atlantic City Residents Hope for Best as Casinos Close
The storied Showboat Casino in Atlantic City, New Jersey has shut its doors and two more casinos are about to close in the coming weeks. Residents now brace for the worst, worrying over what will become of their seaside town.
Behind the Scenes of the Showboat Casino Closure and How it Will be Done
ATLANTIC CITY, N.J. (Associated Press) -- When a casino shuts down, making an announcement over the loudspeaker and herding gamblers off the casino floor is only the beginning. Here's a look at what takes place behind the scenes:
-- Secure the money and the chips. Casino security, supervised by inspectors from the state Division of Gaming Enforcement and backed by state police, immediately secure the money and gambling chips from each table game and slot machine. Supervisors and dealers count the chips, total up the money and have it wheeled away to the cash counting rooms.
New York Post Asks if Phil Mickelson Will be Charged With Insider Trading
The Sunday New York Post reports that golfer Phil Mickelson could be looking at a lengthy prison sentence if found guilty of insider trading.
Chris Christie Law Firm Bills $780,000 for Sports Betting Case, Other Items
POINT PLEASANT, N.J. — (Associated Press) - The law firm hired to defend Gov. Chris Christie's administration in the George Washington Bridge lane-closing scandal has charged the state another $780,000 for work this summer. That's in addition to $6.5 million billed through April.
Nevada Gambling Revenue Inches Upwards in July
LAS VEGAS — (Associated Press) - State officials say Nevada gambling revenue was up less than 1 percent in July compared with the same month last year.
The Nevada Gaming Control Board reported Thursday that the state's casinos brought in $932 million last month. Las Vegas Strip gambling revenue was up 5 percent to $563 million, while downtown Las Vegas revenue was down 3 percent to $38 million.
Reno casino revenue was down 2 percent in July to $48 million, and South Lake Tahoe gambling revenue dove 23 percent to $25 million.
Study Finds Gamblers Brains Are Similar to Those of Pigeons
Psychologists at Warwick University, in the United Kingdom have concluded that gamblers brains are similar to those of pigeons.
Don't fret gamblers.
888 CEO Brian Mattingley to Step Down
(Reuters) - 888 Holdings Chief Executive Brian Mattingley will step down from the day-to-day running of the online gambling company next year and become chairman in a management restructuring, 888 said on Wednesday.
888, which offers casino, poker and bingo games, will promote its Chief Operating Officer Itai Frieberger to a seat on the board in January and he will run the business with Chief Financial Officer Aviad Kobrine when the changes take effect.
Warren Buffett Won’t Play Roulette: Joins Floyd Mayweather in Vegas
TMZ.com caught up with billionaire Warren Buffet while in Vegas. He was there to both gamble and meet up with boxer “Pretty Boy” Floyd Mayweather, Jr.
‘Ghost’ Fraudster Gets Nearly 5 Years Prison Sentence: Blames Gambling Problem
Canadian Ralph Sanon has been sentenced to 4-and-a-half years for stealing identities and raking in over $777,000 between the years 2011 and 2013.
Dubbed “the Ghost” by investigators, he would steal the victims identities then use bogus ID’s to get unsuspecting banks to provide him with fresh debit cards and PIN numbers, allowing Sanon to essentially drain the accounts of victims.
Sanon got his nickname for his elusiveness.
At the pre-sentencing, he claimed to have fallen into the wrong crowd and developed a gambling addiction.
Horseshoe Casino in Baltimore Opens Tuesday Night
BALTIMORE — (Associated Press) - The Horseshoe Casino Baltimore is scheduled to open, marking a new milestone in Maryland’s development of casino gambling.
Two Suspects Detained for Abduction and Murder of Internet Gambling Millionaire
Just one day after it was revealed that kidnapped Taiwanese Internet gambling millionaire Shih Chia-chin had been found dead, his alleged captors and killers were detained in the southern part of Taiwan on Tuesday.
Michigan Bookies: Detroit, Ann Arbor, East Lansing, Grand Rapids
Michigan bookies are well placed with two of College Football’s most popular and successful programs: The Wolverines and Spartans. Likewise, Michigan bookies can capitalize off of Detroit’s four professional sports franchises including the NFL Lions, MLB’s Tigers, NBA’s Pistons and, in recent years, the more prominent Red Wings.
Kidnapped Internet Gambling Millionaire Found Dead
A Taiwan businessman who reportedly amassed tens of millions of US dollars from illegal gambling has been murdered by his kidnappers, police confirmed on Monday.
Has Selig Stand on Pete Rose Softened?
CINCINNATI (Associated Press) - As his term winds down, baseball Commissioner Bud Selig hasn't changed his outlook on Pete Rose's lifetime ban for gambling.
Selig visited Cincinnati on Friday for the opening of an urban youth academy.
AP: Fantasy Football Looking a Lot More Like Gambling
Some of the newest incarnations of fantasy football look a lot more like gambling than intricate, outsmart-your-opponent strategy games.
Fantasy Sports Players Are Giving Up Their Day Jobs
(Associated Press) - Cory Albertson was cruising at 30,000 feet and, like others on the plane to Detroit, taking care of some business on his laptop.
Denver Area Bookie Client List Could Prove Damaging Following Guilty Plea
As reported earlier this month by Gambling911.com, Denver area bookies and agents alike may be looking over their shoulder this football season….Worse still, they could be fearing that dreaded early AM knock on their door.
That’s because one of the state’s largest bookmaking operations has been taken down and the client’s list reportedly reads like a “Who’s Who of Denver’s Elite”.
Las Vegas Goes Gay
LAS VEGAS (Associated Press) — While gay couples still can't get married in the marriage capital of the world, Las Vegas wants to let them know they — and their money — are more than welcome to the buffet of other activities Sin City has to offer.
Upstate New York Bookies In the Line of Fire: Rochester, Buffalo, Syracuse, Albany
If you are a bookie doing business in upstate New York, better be careful. Local law enforcement in that region from Rochester to Albany have been quite aggressive in recent years when it comes to quashing what it deems to be illegal sports betting rings.
Even God May Not Be Able to Save Atlantic City: Employees Offer Prayers
ATLANTIC CITY, N.J. (Associated Press) — They've turned to politicians, bureaucrats, businessmen and union reps to try to save their jobs at three Atlantic City casinos scheduled to close soon. Now, hundreds of soon-to-be unemployed dealers, cocktail servers and hotel workers are turning to what many say could be their last, best chance.
"We're praying for God to open new doors to them," said the Rev. Eric McCoy, president of the Atlantic City Fellowship of Churches.
Co-Founder of Pinnacle Sports George Molsbarger Charges Dismissed
The District Attorney's Office for Queens County, New York, dismissed all criminal charges today in its $50 million Internet sports betting and enterprise corruption case against prominent Southern California philanthropist George Molsbarger. Mr. Molsbarger, 68 years old, of Santa Monica, Calif., heads the Squid and Squash Foundation, a leading and innovative foundation that has given millions of dollars to improving education and the lives of underserved children.
Two Men Who Ran Online Gambling Biz With Ties to NHL Players Appear in Court
Two individuals accused of running a local Rochester, New York gambling ring appeared in court on Wednesday.
The case made national headlines as three NHL players, including Sabres former captain Thomas Vanek, questioned in connection with the probe.
’Lucky Luciano: Mysterious Tales of a Gangland Legend’ Dispels Rumors, Confirms Others
Author Christian Cipollini has a new book out that Dan Willis of the Pittsburgh City Paper says is “devoted to its objectivity” in telling a story about the Mob, with the primary focus being on Charles “Lucky” Luciano, one of the most notorious mobsters.
Luciano and his fellow mobsters were involved in everything from bootlegging liquor during prohibition to gambling and murder.
Was Benny Binion an FBI Snitch?
Norm Clarke of the Las Vegas Review Journal has written a piece this week that Las Vegas gaming legend Benny Binion became an FBI informant shortly after leaving prison and retaking control of the Horseshoe casino.
Cleveland Man Charged With Cheating Over 100 Times at Horseshoe Casino
Vaughn Perry, 40, of Cleveland, Ohio, has been indicted for cheating over 100 times at the popular Horseshoe Casino. The charges include grand theft and 139 charges of illegal gambling.
The grand theft charge alleges Perry had illegal winnings of $8,240.
Plans for New Jersey Gambling Unveiled
(Associated Press) - Developments about the future of gambling in New Jersey came out of Atlantic City, Trenton and the Meadowlands on Tuesday.
— MEADOWLANDS CASINO ... AND MONORAIL
Business leaders laid out plans to transform the Meadowlands into a multi-venue entertainment district, with casinos, hotels, a convention center and even a monorail. Jim Kirkos, head of the Meadowlands Regional Chamber of Commerce, said the goal isn't to build a new Atlantic City. He and others say the upside is huge, given the millions of people within a short drive.
New York City Bookies – Manhattan Bookies – Queens, Brooklyn, Bronx and the Mob
New York City is the biggest city in the USA and one of the most visited in the world. It shouldn’t surprise anyone that bookies thrive here.
GBGA Takes Legal Action to Challenge 'Illegal' British Gambling Law
The Gibraltar Betting and Gaming Association {GBGA) has filed a legal challenge against a law introducing a new gambling licensing regime in the UK.
The GBGA argues that the new regime, introduced through the Gambling (Licensing and Advertising) Act 2014 and also the guidance and policies of the Gambling Commission of Great Britain, is “unlawful, because it is an illegitimate, disproportionate and discriminatory interference with the right to free movement of services guaranteed by Article 56 TFEU, and is irrational.”
