Gambling
FBI Defends Ruse to Shut Off to Shut Off Internet in Gambling Case
WASHINGTON – (Associated Press) - An elaborate FBI ruse to shut off the Internet in three luxury Las Vegas suites and then send undercover agents into the rooms to fix the problem was a legitimate law enforcement practice, an assistant U.S. attorney wrote in a court filing defending the practice.
FSU Head Coach Jimbo Fisher Addresses Jameis Winston Point Shaving Allegations
For the first time since reports of a possible point shaving scheme involving FSU quarterback Jameis Winston surfaced Thursday, Seminoles head coach Jimbo Fisher responded to the allegations.
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Bookies Fare Well With Jets, Browns, Ohio State Outright Wins
The three most wagered on sides in Football this past week just happened to all be dogs. Each of these teams also won their respective games, leading to big victories for the bookmakers as well.
By far the biggest of those wins came with the New York Jets beating Pittsburgh at home as a +4.5 underdog.
Australia Cracks Down on Illegal Online Gambling: Easier Said Than Done
Australia is set to become the latest nation to crack down on an Internet gambling sector estimated to be worth upwards of $10 billion ($1.4 billion of which can be made in Australia).
The Sydney Morning Herald reported Thursday that a working group targeting unregulated Web betting firms will be formed as part of the government’s gambling industry advisory council. Premier Denis Napthine and federal Minister for Social Services Kevin Andrews will be assigned to oversee the council.
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UAB Conducts Its Own Investigation Into Jameis Winston Gambilng Allegations
The University of Alabama-Birmingham is conducting an investigation into one of its players after reports surfaced last week that FSU star Jameis Winston may have taken part in a point-shaving scheme.
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Gambling Industry Spent $14 Million to Defeat Ballot Question in Mass
BOSTON (Associated Press) -- Casino companies and their supporters spent nearly $14 million in their successful campaign to defeat a ballot question on repealing the state's casino law.
Campaign filings submitted this week show more than half of that spending -- $7.6 million -- came in the days leading up to the Nov. 4 election, thanks to major contributions from the state's three licensed casino operators: Wynn Resorts, MGM Resorts International and Penn National Gaming.
Courier-Journal on Winston Alleged Point Shaving: ‘Knack for Knucklehead Behavior’
One of the most respected newspapers in the US, the Louisville Courier, has now picked up on the alleged point shaving scheme involving FSU star Jameis Winston.
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ESPN Delving Into Jameis Winston ‘Point Shaving’ Rumors
While yet to be confirmed as true, Gambling911.com has learned that the world’s sports authority ESPN is looking into rumors that FSU star quarterback Jameis Winston engaged in point shaving on the first half of the FSU-Louisville game. Claim Your FREE $250 Here (use bonus code G911).
Jameis Winston Alleged Point Shaving Controversy Surfaces
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Online Gambling Site Fined by New Jersey Gaming Enforcement Division
ATLANTIC CITY – (Associated Press) - Authorities have fined an Internet gambling firm $10,000 for soliciting more than 250 people who voluntarily excluded themselves from gambling in New Jersey.
State Gaming Enforcement Division spokeswoman Kerry Langan tells The Press of Atlantic City the fine against Caesars Interactive Entertainment is the first imposed since New Jersey launched online gambling last year.
Casinos and online operations are forbidden from sending promotional materials to gamblers who voluntarily ban themselves.
Thomas Vanek Reportedly Target of Extortion Attempt by Local Gambling Ring
Reports surfaced this week that National Hockey League star Thomas Vanek may have been the subject of an extortion attempt by a local gambling syndicate.
California Indian Tribe to Offer Online Gambling in New Jersey Through Borgata
ATLANTIC CITY, N.J. — (Associated Press) - New Jersey gambling regulators have approved a California Indian tribe's request to offer Internet gambling in conjunction with Atlantic City's top casino.
The state's Gaming Enforcement Division has authorized Pala Interactive to team with the Borgata to offer online gambling in New Jersey.
The Pala Band of Mission Indians will be the first Indian tribe to engage in online gambling in New Jersey. The enforcement division signed an order approving the arrangement last Friday.
Casino Expansion Plans Get Voter Approval in Three States
Five states featured amendments to expand casino gambling within their borders during Tuesday’s midterm elections and three of those initiatives received better than 50 percent of the required vote.
888 Sees 22 Per Cent Jump in Q3 Revenue
(Reuters) - 888 Holdings Plc shares rise as much as 5.4 pct, among the top performers among UK midcaps, after issuing an upbeat outlook.
** Online gambling company says expects full year adjusted EBITDA ahead of current analyst consensus.
** 888 posted a 22 pct jump in Q3 revenue driven by a strong performance in its casino games.
** Investec Securities, which rates stock a "buy" , says all areas are performing well, but casino, in particular is way ahead, with Q3 revenue up 23 pct.
** Up to Monday's close, the stock had fallen about 25 pct this year.
NetWest Bank Manager Who Used Pensioners Funds to Play Online Poker Sentenced
A Natwest manager who skimmed £185,000 from pensioners' funds to help fuel his online poker addiction has been sentenced to 15 months prison time.
Glenn Mason managed a bank branch in Kent for many years before the improprieties were uncovered.
Macau Gambling Revenue Falls 23 Per Cent in October: Worst Ever
(Reuters) - October was the worst month on record for casino revenues in the world's biggest gambling hub Macau as China's pervasive war on corruption, combined with fewer tourists and slowing economic growth, dampen the appetite to wager.
Gambling revenues for the month fell some 23 percent year-on-year, the sharpest drop since the former Portuguese colony started keeping records, government data showed on Tuesday.
William Hill Bookmaker Under Investigation: Denies Unlawful Activity
Britain’s biggest bookmaker, William Hill, has voluntarily suspended one of its call centers following the launch of an investigation into alleged unlawful activity.
The Philippines National Bureau of Investigation will conduct the probe at the Manila center.
The bookmaker insists it has not engaged in any unlawful activities.
Macau October Gaming Revenues Set for Worst Drop on Record
Nov 3 (Reuters) - October is set to be the worst month on record for casino revenues in the world's biggest gambling hub Macau as China's pervasive war on corruption, combined with fewer tourists and slowing economic growth, dampen the appetite to wager.
Gambling revenues for the month are expected to have fallen some 20-23 percent year-on-year, analysts say, the sharpest drop since the former Portuguese colony started keeping records.
Monmouth Racetrack Hopes for Legalized Sports Betting in NJ by Month’s End
OCEANPORT, N.J. (Associated Press) — Monmouth Park Racetrack is hoping sports gambling will save itself from the slow extinction facing much of the horse racing industry — a wager that could have a big payoff if New Jersey can successfully fend off the opposition of the Justice Department, the four major pro sports leagues and the NCAA.
Bookmaker Pleads Guilty: Claims Gambling Debt Tied to NHL Team, Thomas Vanek
A Rochester, New York area bookmaker plead guilty Thursday to laundering $230,000 in monies derived from gambling, a debt his attorney claims was made with a New York Islanders NHL team check.
Borgata Revenue Increases Nearly 5 Percent in Third Quarter
ATLANTIC CITY, N.J. (Associated Press) — The Borgata's revenue increased by nearly 5 percent in the third quarter of this year, and it increased its share of Atlantic City's gambling market to 24 percent.
The figures were released Thursday by the casino's parent company, Boyd Gaming.
Company president Keith Smith says earnings before interest, taxes and other charges were $56.9 million in the third quarter, up more than 22 percent from a year ago.
The Borgata benefited from a tax settlement with the city of Atlantic City that contributed $8.1 million to earnings.
MGM Posts Narrower Losses
(Reuters) - MGM Resorts International posted weaker-than-expected bottom-line results for the third quarter, injure by lower revenue at its China operations.
Shares fell 3.9% to $22 in recent premarket trading. The company has seen traffic increase at its Las Vegas hotels and casinos and has generally done well in Macau. Beyond these core markets, MGM Resorts, like its rivals, is looking to broaden its market in to Japan following momentum in the country toward legalized gambling.
The Rise of Vegas, Fall of Macau: Wynn Latest to Report Shifting Tide
LAS VEGAS (Associated Press) — Las Vegas was good to Wynn Reorts Ltd. in the third quarter but not enough to make up for a stormy three months in Macau.
Wynn reported Tuesday that the company's revenue dropped 1.4 percent to $1.37 billion in the quarter as gains in Vegas were offset by a decline in Macau, its biggest market.
The company's net income rose about 5 percent on lower expenses to $191.4 million or $1.88 per diluted share, and adjusted earnings per share of $1.95 met Street expectations, according to a survey by FactSet.
Nevada Sportsbooks had Their Third Best Month Ever: NJ Left Out in the Cold
Nevada sportsbooks raked in $37.27 million from $339.1 million bet during the month of September, making it the third best month in amount won and wagered for the books according to the Nevada Gaming Control.
The sportsbooks enjoyed nearly an 11 percent hold on College Football and NFL bets.
"Sports betting is on a roll," said Nevada Gaming Control senior research analyst Michael Lawton.
Date Set for Hearing on New Jersey Sports Betting
TRENTON, N.J.— (Associated Press) - A judge who temporarily stopped New Jersey from allowing legalized sports betting last weekend has set a court date for the state, major U.S. professional sports leagues and the NCAA to argue whether the ban should be extended.
Lesniak Blames Credit Card Firms for Online Gambling’s Lackluster Performance in NJ
New Jersey State Senator Raymond Lesniak, speaking via Skype at the Mobile and Tablet Gambling Summit USA at Bally’s on Monday, said he still has great hopes for Internet gambling in New Jersey but blamed credit card processing banks for stymying growth.
Mobster Skinny Joey Merlino Will Surrender to Feds After Meeting With ‘Bad Guys’
Retired mobster “Skinny” Joey Merlino, 52, is set to head back to prison, at least for a brief time.
