Gambling
Thai Prince Wants Wife’s Family Stripped of Royal Name: Tied to Gambling Scheme
Thailand Crown Prince Vajiralongkorn has requested that the Thai government strip his wife’s family of their royal name in the wake of a series of corruption arrests tied to gambling and smuggling rackets.
Princess Srirasmi Akharaphongpreecha is Crown Prince Vajiralongkorn's third wife, and the pair married in 2001. They are expected to divorce.
The princess’s uncle, a senior police general, was arrested over accusations of amassing vast wealth through the smuggling and gambling rings.
How Do I Play Daily Fantasy Sports: Salary Cap Games and More
You have heard all the rage about Daily Fantasy Sports but how many of your actually know how to play?
Kansas Man Who Robbed Bellagio Found to be Unfit for Trial
LAS VEGAS (Associated Press) - A 34-year-old Kansas felon has been declared psychologically unfit for trial in federal court in the July armed robberies of a Las Vegas Strip casino cashier and a bank.
Trial was canceled Friday for Scott Alan Carmitchel on charges of interference with commerce by robbery at the Bellagio and armed robbery of a City National Bank branch.
Class Action Lawsuit Filed Against FanDuel.com
A class action lawsuit was filed in the U.S. District Court for the Southern District of Florida this week against one of the largest fantasy sports sites FanDuel.com.
Bozo The Clown Sidekick May be the Man to Save the Taj Mahal
Magician Herbert L. Becker, a one time sidekick to the famed clown Bozo, may be the one to save Taj Mahal.
Leagues Demand $3.4 Million Back From NJ Sports Betting Case: More to be Spent
The NFL, NBA, NHL, MLB and NCAA are asking for $3.4 million from the Courts for the bond they placed on New Jersey’s Monmouth Park Racetrack to prevent them from offering sports betting this fall.
Foxwoods Cuts Back on Gambling
HARTFORD, Conn. - (Associated Press) - Foxwoods, the largest casino resort in North America, is reducing its number of slot machines and table games to free up space for nightclubs and other new attractions as it adapts to fierce competition, the new CEO said in an interview with The Associated Press.
Huckabee Gearing Up for US Presidential Run: Does Adelson’s ‘Dirty Work’
Fox News television host and 2008 US Republican Presidential candidate Mike Huckabee is reportedly preparing to run again in 2016.
Six Men Charged With Plotting to Beat Up Man to Collect $40K Gambling Debt
Six men have been charged with plotting to beat up a Chicago area restaurant worker in an effort to collect $40,000 gambling debt.
Prosecutors claim that five of the six individuals have been charged with assault.
They knocked him to the ground and punched and kicked him, prosecutors charged in an indictment returned last week.
Last Minute Reprieve for Taj Mahal as Icahn Ready to Make Union Concessions
Carl Icahn, the Taj Mahal’s largest debtholder, has decided to make some concessions to unions after all.
Caesars Receives Notice of Default From UMB Bank
Caesars Entertainment Corp. said on Monday that its main operating unit received a notice of default from UMB Bank last week at a time when the gambling firm is seeking creditor approval for a potential real estate investment trust plan. Caesars called the UMB claims “meritless”.
DraftKings Outage Could Not Have Come at Worst Possible Time: Refunds Promised
One of the world’s largest daily fantasy sports sites, Draftkings.com, experienced a disastrous power outage on Sunday during Week 12 of the NFL. The company is expected to lose hundreds of thousands of dollars as a result. Worse still, Draftkings.com advertised throughout Sunday’s NFL games.
The issues were deemed as “Connectivity Issues” apparently starting just minutes before the early afternoon games.
Dallas Bookies: Fort Worth Loving Their TCU Horned Frogs
Dallas bookies and those residing in the Fort Worth area must be smiling these days. Their Cowboys, Mavs and Horned Frogs are winning as we head into the winter period of 2014-2015. This is great for local bookies and Pay Per Head businesses alike.
DailyMVP.com Hits the Daily Fantasy Sports Market Minus the Salary Cap
The latest installment in the fast growing daily fantasy sector is DailyMVP.com, a site that looks to distinguish itself from the rest of the pack by offering fantasy sports without the salary cap platform found at other sites.
New York Post: Meet the Man Who Makes Six Figures Off Fantasy Sports
“It was the craziest thing,” 24-year-old Brooklynite Mark Guindi tells the New York Post. “I wake up one day, put up a $25 entry fee, and I make 12,000 bucks.”
Judge Rules on New Jersey Sports Betting and the Verdict is…..Leagues Win
U.S. District Court Michael Shipp ruled on whether New Jersey’s biggest racetrack, Monmouth Park, may begin taking bets on sports and they will not be able to, at least not for the foreseeable future.
That ruling came out shortly before 9 pm EST.
Rhode Island Ex-Attorney General in Hot Water Over Gambling Lobbying
A former Rhode Island Attorney General is being investigated to determine if he violated state lobbying rules by making appeals to his former colleagues on behalf of a Nevada gambling casino. Patrick C. Lynch, a Democrat, served from 2003 to 2010.
Wynn Resorts Probe for Possible Money Laundering Tied to Sports Betting
CNBC is reporting that Wynn Resorts is under investigation for possible money laundering, specifically sports betting by high rollers and whether VIPs laundered drug money through the company’s casino.
PokerStars Launches Online Sports Betting Site
ONCHAN, Isle of Man - PokerStars, the world’s largest poker brand, announced today that it will launch sports betting and casino table games globally on PokerStars. Claim Your FREE $250 Here (use bonus code G911).
Sheldon Adelson Losing His Iron Grip: Sands One Step Closer to Unionizing
Casino magnate Sheldon Adelson is having a bad week.
First his heavily pushed online gambling prohibition bill, Restore America’s Wire Act (RAWA), was ruled dead on arrival in Congress.
Now we learn that Adleson’s Sands Casino in Bethlehem is one step closer to unionizing.
For years, Adelson has worked hard to keep the unions out of his casino establishments and, for the first time in 25 years, it appears as if he is about to lose that battle to a bunch of security guards making a mere $12 an hour.
Golden Nugget Atlantic City Joins Forces With Betfair for NJ Online Gambling
JERSEY CITY, N.J - Betfair, one of the world's leading online gaming operators, has moved its online gaming operation to the Golden Nugget Atlantic City.
Under New Jersey law, online gaming operators such as Betfair must operate under the Internet gaming permit of a land-based casino in Atlantic City. As a result of this agreement, Golden Nugget Atlantic City will now offer two online casinos to those eligible to play in New Jersey, GoldenNuggetCasino.com and BetfairCasino.com, both of which will operate independently under Golden Nugget's Internet gaming permit.
Judge Will Decide on New Jersey Sports Betting Friday
(Associated Press) - New Jersey could drop its ban on betting on sports entirely, but it cannot legally set conditions as it ends the prohibition, a lawyer for the NCAA and four major sports leagues told a federal judge Thursday.
The lawyer, Jeffrey Mishkin, said the state isn't dropping its sports betting ban, because it requires that it takes place only at casinos and horse racing tracks and that bettors be at least 21 years old.
Adelson-Backed Online Gambling Bill Won’t be Presented During Lame Duck Session
A bill to prohibit most forms of online gambling, backed heavily by GOP mega donor and casino billionaire Sheldon Adelson, will not be heard during the upcoming month’s lame duck session in Congress.
The legislation, known as Restore America’s Wire Act, had gained support from only a handful of Congressional members, mostly Republicans. Adelson spent millions to push for the bill.
Revel Casino Purchase Terminated
The company that won a bankruptcy auction to buy the now closed Revel Resort in Atlantic City has terminated the deal, according to NBC10 in Philadelphia.
Toronto-based Brookfield US Holdings, LLC spokesperson Andrew Willis said on Wednesday that the $110 million purchase is no longer moving forward.
Sources close to the situation tell NBC10's Ted Greenberg that the deal fell apart after ACR bondholders and South Jersey Industries refused to alter Revel's utility bill payment structure.
From NBC10:
Rhode Island Mobster Sentenced for Running Sports Betting Ring
A high-ranking member of the New England mob was sentenced to a 10-year suspended sentence and 10 years probation before a Superior Court judge on Wednesday after pleading no contest to a charge of conspiracy to commit a felony and racketeering.
Edward C. Lato, 67, is currently serving a nine-year prison sentence in connection to a l $1.5 million extortion ring involving the shakedown of Rhode Island strip club owners.
Judge Could Have Ruling in New Jersey Sports Betting Case Within 24 Hours
U.S. District Court Judge Michael Shipp was to hear oral arguments regarding New Jersey’s bid to allow sports betting at its racetracks and Atlantic City casinos. A 22-year-old law bans sports betting in all but four states including Nevada.
The four professional sports leagues and NCAA filed a suit against the state to prevent this type of gambling.
Attorneys for New Jersey’s biggest racetrack, Monmouth Park, were not optimistic ahead of Shipp’s ruling.
California Tribe Begins Offering Online Gambling in New Jersey
ATLANTIC CITY — (Associated Press) - California's Pala Indians became the first tribe to offer Internet gambling in New Jersey on Wednesday.
The Pala Band of Mission Indians began a test of their PalaCasino.com site. The tribe's online gambling arm, Pala Interactive, is partnered with Atlantic City's Borgata.
The company expects a full launch of the site on Monday, once it gets approval from the state Division of Gaming Enforcement. It will include more than 90 games and a daily free spin on a slot game.
Amaya, PokerStars Parent, Posts Record Profit for 3rd Quarter
MONTREAL – (Canadian Press) - Amaya Gaming Group Inc. posted record results in the third quarter as its revenues and adjusted profit surged following the August acquisition of PokerStars and other online games.
The Montreal-based company (TSX:AYA) beat expectations as its adjusted profit increased 10-fold to nearly $70 million, or 43 cents per share for the period ended Sept. 30. That compared to $6.8 million or seven cents per share a year earlier.
Redskins Enter Into Fantasy Sports Deal With FanDuel.com: More to Come?
The Washington Redskins are the latest professional sports franchise to enter into a partnership deal with a daily fantasy sports website.
Paddy Power Raises Full Year Guidance on Better Second Half
(Reuters) - Paddy Power Plc said it expects mid- to high-teens percentage earnings per share (EPS) growth this year, up a touch on its prior forecast as sports results rebounded as expected in the second half of the year.
The Irish gambling company saw operating profit fall sharply in the first half on what it described as a "horrific run of sports results" but said that things had already improved by August and that it expected mid-teen percentage EPS growth.
