Gambling
Sportech Shares Rise on News of US Entry
Gambling group Sportech (SPO) gained 2.3% to 66.25p Tuesday on news its US racing subsidiary has been awarded a gaming licence in New Jersey.
Iowa Halfway Home in Legalizing Fantasy Sports, State Senator Tells G911
DES MOINES, Iowa -- In 2006, the U.S. Congress passed the Unlawful Internet Gambling Enforcement Act (UIGEA), crippling online wagering by making it illegal to use financial instruments such as credit cards to fund Internet betting.
Mobster Tried to Sell Art from 1990 Museum Heist
HARTFORD, Conn. (Associated Press) -- A reputed mobster told an undercover FBI agent that he had access to two of the long-sought paintings stolen from Boston's Isabella Stewart Gardner Museum in 1990 and could negotiate a sale of each for $500,000, a prosecutor said Monday.
Robert Gentile, a 79-year-old convict from the Hartford, Connecticut, suburbs with a criminal record dating to the 1950s, allegedly made the offer following his release from prison a year ago, prosecutor John Durham said.
Adam Silver on Gambling and the NBA: ‘Good for Business’
NBA Commissioner Adam Silver has doubled down on his initial stance that sports betting should be legalized in the U.S.
Silver stunned many after writing an op-ed piece in the New York Times last fall suggesting that sports gambling should be “brought out of the underground”.
On Monday, the NBA Commissioner took things one step forward.
100,000 Officials Reprimanded as Part of Chinese Corruption, Gambling Crackdown
BEIJING – (Associated Press) - The top anti-graft body of China's Communist Party says more than 100,000 officials have been reprimanded since late 2012 for violating policies mandating more austere working practices.
The party's Central Commission for Discipline Inspection said in its monthly report Monday that 5,340 officials were reprimanded in December 2014, the most recent month studied. That pushed the two-year total of reprimanded officials to 102,168.
TopBet Slow Payouts Complaints Blamed on Processing Issues
A series of slow payouts complaints related to three-year-old Manila-based online sportsbook TopBet.eu have begun filing in to the industry monitoring site SportsBookReview.com, prompting concerns from sports bettors. Update: April 25, 2015 - Some affected players report receipt of payments
Harry Reid Vows to Help Adelson With Internet Gambling Prohibition Bill
Outgoing Senate Minority Leader Harry Reid has said he will assist in any way possible to push through legislation banning most forms of Internet gambling, including poker.
Restore America’s Wire Act or RAWA is the brainchild of casino magnate and GOP megadonor Sheldon Adelson. The legislation is co-authored by Republican Senator Lindsey Graham of South Carolina and Republican Representative Jason Chavitz of Utah.
NatWest Manager Jailed for Stealing £185,000 to Fund Online Gambling Habit
A former NetWest manager, Glenn Mason, 56, has been jailed for plundering the accounts of nine pensioners including an 83 year-old woman and a 92 year-old man, all to the tune of £185,000.
Mason stole the funds in order to help fuel his online gambling habit. He now must pay back every last penny.
Mason will serve 15 months behind bars.
PokerStars Parent Company Rational Group Appoints Zynga Exec
The parent company of the world’s largest real money online poker room has hired an executive of the world’s largest free-to-play online poker site.
Trial of Legendz Sports Founder Bartice “Luke” King Gets Underway
The trial of Legendz Sports founder Bartice King (better known as “Luke” among his peers) got underway Thursday in an Oklahoma City courtroom following two days of jury selection. The case number is CR-13-063-1-F, listed on the local courtroom docket as USA vs. Bartice A. "Luke" King.
Global Sports Betting Worth $3 Trillion, Most of it Illegal
(AFP) - The global sports betting market is worth up to $3-trillion, the vast majority of that generated by illegal gambling, a United Nations conference on crime being held in Doha heard on Wednesday.
Patrick Jay, a British-based independent betting expert, said around 65 per cent of that global figure was spent on football betting, with the Asian market the centre of sports gambling.
Magnus Hedman the New Man Behind the Curtain at Pinnacle Sports
SBC News has revealed that Touchbet ltd and Sporting Index owner Magnus Hedman is the new majority shareholder in Pinnacle Sports, once among the biggest online sportsbooks catering to North America. The company pulled out of the US market in 2007, opting instead to focus on Europe and Asia.
Guilty Pleas Entered in Illegal Vegas Sports Betting Case: $4.3 Mil to be Forfeited
Four individuals have struck deals with the U.S. Government to plead guilty in a long running investigation into a multi-million dollar sports betting business.
World Exclusive: Live In-Game Wagering Comes to Daily Fantasy Sports
The inventor of the world's first live in-game sports betting system for Las Vegas casinos has now invented the world's first live in-game system for sports fantasy, Gambling 911 can reveal in a world exclusive report.
Barry Mindes, an 83-year-old engineer from New York who now lives in South Florida, created the SportsXaction betting system in the mid-1990s.
SportsXacton, which debuted at the Excalibur casino in Las Vegas, allowed bettors to wager on every pitch of a baseball game while the game was in progress.
Real Money English Premier League Fantasy Contests Debut With FantasyGol
Gauatemala City-based FantasyGol announced on Wednesday the launch of its new pay-to-play real money English Premier League fantasy contests platform they hope will take the industry by storm.
This past fall FantasyGol teamed up with Rochester, New York-based Flower City Gaming, the operators behind Star Fantasy Leagues, in an effort to provide the ultimate daily and weekly fantasy sports experience.
666Bet.com Back Peddling on Payout Promise: ‘We Can Only Pay When Back Online’
Beleaguered 666Bet.com issued a statement on Tuesday informing its customers they can only pay if back up and running online. This comes after assurances the company would refund customers once its licensing authority gives the green light.
Bookie Forced Man to Rob Churches
Attorneys representing Joseph Grieco, 45, of Methuen, Massachusetts have notified a judge about the possible defense for their client, accused of scamming several area churches out of cash and gift cards. His bookie made him do it!
From the Union Leader:
Motorcycle Shooting of Sportsbook Operator Outside CR Bakery Was Failed Hit
A man shot four times outside an Escazu, Costa Rica bakery last month was the target of a failed hit, Gambling911.com can now confirm.
Sources close to G911 tell us that a sportsbook operator from California by the name of Jason was the target of this hit though the incident does not appear to have any ties to a bookmaking/Pay Per Head businesses had ties to.
Atlantic City Finally Sees Revenue Increase
ATLANTIC CITY, N.J. (Associated Press) -- Atlantic City's eight casinos saw their revenue increase by 2.3 percent in March, compared to a year ago.
But when the four casinos that shut down last year are included in the comparison, the city's gambling revenue was down 12.6 percent.
Figures released Tuesday by the state's Gaming Enforcement Division show the eight surviving casinos took in $203.8 million in March, compared to the $199.2 million they won in March 2014.
Vulcan eSports Daily Fantasy Site Raises $12 Million
Daily fantasy sports for video games, also known as eSports, is increasing in popularity even more so than the traditional (if you can call it that) daily fantasy sports sector. And a little known company just months ago, Vulcan, is leading the way.
The firm has secured investment funding to the tune of $12 million.
Suspected ‘Juice Bar Burglar’ Arrested in Underground Gambling Den
A man suspected in a San Fernando Valley, California crime spree was taken into custody over the weekend inside a local gambling den.
Authorities were able to identify the so-called “Juice Bar Burglar” by a distinctive tattoo.
“His tattoo was his undoing,” LAPD Lt. Paul Vernon said in a statement. “We just needed to get the word and the picture out, and he was done as the Juice Bar Burglar.”
Per CBS LA’s report:
Bookmaker Ordered to Serve an Additional Four Month Sentence
FARGO, N.D. – (Associated Press) - A judge says a 69-year-old man convicted of running an illegal bookmaking operation in North Dakota must serve an additional four months in prison on top of a current sentence he is serving in Minnesota.
Fears Mount as 666Bet.com Players Not Getting Paid
Officials at beleaguered online gambling firm 666Bet.com sought to calm customer fears Monday that they will not be getting paid. The company shut down abruptly last night after its Director was arrested on money laundering charges.
Since that time, 666Bet.com customers have had little success accessing their funds.
The company issued this statement Monday:
Louisiana Mulls Over Daily Fantasy Sports Legislation
Louisiana has become the latest state to consider a measure fully legalizing daily fantasy sports for real money.
While not explicitly illegal in Louisiana, State Representative Joseph Lopinto wants his bill to clarify that daily fantasy sports is not gambling.
“We’re not betting on the outcome of a game or a point spread. Fantasy football is a game of skill,” Lopinto said.
FBI Probe San Francisco Sheriff’s Deputies for Gambling on Fights Between Inmates
SAN FRANCISCO — (Associated Press) - The FBI is investigating allegations that San Francisco sheriff’s deputies arranged and gambled on fights between jail inmates and told the inmates to lie if they needed medical attention.
Sheriff Ross Mirkarimi announced the independent probe Friday, and a representative from the FBI confirmed the investigation in an email to The Associated Press. The department’s internal affairs unit and the U.S. Department of Justice are investigating as well.
Judge Again Sides With Golden Nugget in Card Shuffling Flap
ATLANTIC CITY, N.J. — (Associated Press) - Luck appears to have run out for a group of gamblers who won $1.5 million from an Atlantic City casino that was using unshuffled cards.
A judge has again sided with the Golden Nugget against 14 gamblers who say they won the money through no fault of their own playing mini-baccarat in April 2012.
Sports Tout Adam Meyer Sees Bail Revoked: Accused of Multi-Million Dollar Fraud
A Fort Lauderdale, Florida man charged with running an elaborate sports handicapping fraud scheme has had his bail revoked by a judge.
Adam Meyer, 43, was arrested last October for trying to extort $25 million from a Wisconsin businessman.
In British Vote Too Tight to Call, Gamblers Seek the $150 Million Answer
(Reuters) - If Prime Minister David Cameron forms Britain's next government after the tightest election in a generation, it will not just be the Conservative Party leader who will be smiling. Scott Moorhead will be laughing all the way to the bank.
As part of a record 100 million pounds expected to be gambled on the British election, Moorhead stands to win 250 pounds on a 500 pound bet that the Conservatives will win most parliamentary seats in the May 7 election.
PokerStars Parent Company Amaya Trading Probe Details Emerge
Parent company to the world’s largest online poker site PokerStars, Amaya Gaming has reportedly been the subject of a probe by the Quebec securities regulator Autorité des Marchés Financiers (AMF).
Atlantic City’s Revel Casino Gets Second Life
ATLANTIC CITY, N.J. — (Associated Press) - Revel, the multibillion-dollar resort bust that was once widely viewed as the potential savior of Atlantic City’s struggling casino industry, is getting a second chance as part of a Florida developer’s ambitious plan to remake the East Coast gambling resort into a destination for bettors and tourists alike.
