Gambling
MONA Founder Makes Millions From Gambling: Now Calls It ‘Immoral’
David Walsh is the driving force behind MONA, the Museum of Old and New Art, reports Leigh Sales of the Australian Broadcasting Company (ABC).
And Walsh has also made millions from gambling over his lifetime.
Revel Casino Auction Ongoing Tuesday
ATLANTIC CITY (Associated Press) - A bankruptcy court auction for Revel, the failed luxury casino-hotel on the Atlantic City Boardwalk, is scheduled to resume.
An auction that began last Wednesday was suspended due to the approach of the Rosh Hashanah holiday. It will continue on Tuesday.
Revel has refused to reveal details of what has transpired so far.
NJ Sports Betting Bill II to be Introduced Thursday: Leagues Cry Foul
Just days ahead of New Jersey state senator Raymond Lesniak’s anticipated introduction of a new sports betting bill, the professional sports leagues have decided to sue the Garden State for Governor Chris Christie's decision to permit legalized sports wagering absent of any law.
The leagues won’t have any of this, however, claiming that New Jersey is in violation of the Professional and Amateur Sports Protection Act. ("PASPA").
Pro Leagues Pile on New Jersey to Stop Sports Betting
NEWARK, New Jersey — (Associated Press) - Four major professional sports leagues and the NCAA filed a court challenge to the state's latest attempt to offer legal sports gambling on Monday, calling the effort "astounding," ''specious" and a "blatant violation" of an earlier court order.
Belgium to Tax Poker Pros at 75 Percent
If you happen to be a professional poker player, you probably don’t want to be living in Belgium.
The European nation and home to the European Union has decided to tax poker pros at an astonishing 75%.
Belgium's financial portal tijd.be reports that authorities were looking to change the way in which taxes for poker players are calculated in the country.
From PokerNews.com:
Indiana State University Shooting Connected to Gambling, Man Arrested
A 21-year-old man has been arrested in connection to a weekend shooting at Indiana State University that left another individual wounded in his buttock.
Calvin McCauley of Indianapolis has been charged with attempted murder. Police say he and the victim knew each other.
ESPN Gambling Reporter Dave Tuley Talks Network’s Decision to Cover Sports Betting
If you've noticed an increased emphasis on sports gambling on ESPN this football season--both on television and on its website--you're not imagining things.
How to Bet on Sports – Parlay and Teaser Card Betting
BetDSI.com shows us how to bet on sports and, more specifically, how to make some serious money on parlay and teaser card betting.
Gambling Industry Paid Out $38 Billion for Taxes in 2013
LAS VEGAS (Associated Press) — The gambling industry nationwide paid out a jackpot-worthy $38 billion in federal, state and local taxes in 2013, according to a report from the American Gaming Association.
It's the first time the group has added tribal casinos, casino-game makers and some online gambling into the mix for its annual study of the industry's impact in the U.S. The Associated Press obtained a copy of the report's tax revenue figures before its release Tuesday.
Sportsbooks, Pay Per Heads See Few Disruptions With Telecommunications Overhaul
Sportsbook operators and Pay Per Head businesses breathed a collective sigh of relief Sunday morning following the conclusion of work on Costa Rica’s MAYA-1 submarine cable this weekend, one of three that provide cable service to the Central American nation. More than 85% of online sportsbooks and nearly 100% of Pay Per Heads serving the North American player base are headquartered in Costa Rica.
New Jersey Online Gambling Market Continues to Grow
Get the full run-down of the New Jersey online gambling industry since it first opened in November 2013.
So in case you’ve been living under a rock for the past year, online gambling has officially become legal in the state of New Jersey. Despite the struggling casino industry in Atlantic City, it seems that online betting in New Jersey has already taken off. Within just six weeks after the market opened back in November 2013, the online gambling industry generated $8.6 million.
Fortune Five Biggest Organized Crime Families in the World Revealed
The Fortune Five largest organized crime families have been revealed and, while cyber crime is all over the news these days, these organizations still practice the tried and true trades of sex, drugs, gambling and extortion.
From Fortune.com:
Indonesia Begins Caning Gays, Gamblers and Adulterers… Alcohol Drinkers Too
Those found to have had gay sex, get 100 lashes of the cane. Those charged with gambling, same punishment.
The gay sex provision was passed Saturday in the Indonesian province of Aceh. Men guilty of anal sex will receive the 100 lashes of the cane while women found to be rubbing their body parts together could face a similar punishment.
Casino Mogul Steve Wynn Sues ‘Short Seller’ Chanos for Slander
(Reuters) - Steve Wynn, the billionaire casino mogul, has filed a lawsuit accusing prominent short-seller Jim Chanos of slander over an alleged statement that Wynn violated a U.S. anti-bribery law.
Wynn, 72, and his company Wynn Resorts Ltd filed suit against Chanos, founder of New York-based hedge fund Kynikos Associates LP, in federal court in San Francisco.
FlowPlay Gaming Now Has Everything and the Girl!
Earlier this month, shorty after FlowPlay Inc.
Nevada Casino Revenue Down 4 Percent in August
State officials say Nevada gambling revenue was down nearly 4% in August compared with a year earlier, largely due to a drop in winnings on the Las Vegas Strip.
Nevada Gaming Control Board officials said Friday that casinos brought in $920 million in August, down from $955 million a year ago.
Revenue on the Las Vegas Strip was down 6% year-over-year to $553 million, while downtown revenue went up 4% to $35 million.
Reno gambling revenues were down 2% to $53 million.
Could Sports Betting Help PA Gov Get Re-Elected? State’s Top Pundit Weighs In
For decades, Pennsylvania residents have trekked to neighboring New Jersey to get their gambling fix.
Casinos lined the Boardwalk in Atlantic City, and a walk through any of the casino's parking garages revealed that half of the cars had Pennsylvania license plates.
The Keystone State, which had no casinos, was losing A LOT of revenue to the Garden State.
Ladbrokes Leaves Canada
The UK’s second largest online bookmaker, Ladbrokes, will be exiting the Canadian market, much to the dismay of Canadians.
Customers in Canada have 30 days to withdraw from their accounts as of September 24, 2014.
Ladbrokes apparently feared that their operating in Canada was considered “a grey area” withr egulators restricting online betting services to registered provincial lottery corporations in some provinces such as British Columbia.
Ladbrokes market share in Canada represented less than 0.5% of its business.
‘Barefoot’ Exec at New York Investment Firm Pleads Guilty to Inside Trading
Michael Lucarelli, who was mocked on Comedy Central’s The Daily Show after running away barefoot from photographers last month, has plead guilty to one count of securities fraud for inside trading. He will be sentenced in January and faces up to 20 years prison time.
Lucarelli had served as a director of market intelligence at Lippert/Heilshorn & Associates prior to being charged last month.
Man Wins $57,935 Off $5 Bet on Chicago Bears
An unidentified Arizona man won $57,935 after placing a $5 parlay bet on the Bears vs. Jets Monday Night Football game.
How Can Gaming Companies use Marketing without Solid Footing in Business Acumen
The gaming field continues to grow and transform - With the insurgence of social media, companies are forced to become increasingly innovative and captivating with their messages to garner attention. Even though the market continues to evolve, there are still some tried and true tactics to utilize in order to succeed in the coming years.
Floyd Mayweather Jr: 'Reality' TV Show Promoting Marcos Maidana Fight was All Fake
Undefeated boxer Floyd Mayweather Jr. has confessed that a “reality” television show promoting his fight with Marcos Maidana was not reality. “All Access” featured Mayweather attending pot smoking parties and betting on sports.
From the Daily Mail:
Apuestas en línea en Chile: Adonde apostar
Apostar en línea, como uno podría esperar, es algo bastante popular en la nación sudamericana de Chile. Si buscas en donde apostar, no busques más, la respuesta es BetCRIS.com, que ofrece sus servicios a todo el mercado Latinoamericano.
Chile, con alrededor de 18 millones de personas, es una de las naciones más habitadas de Suramérica, y uno de los mercados más grandes para BetCRIS.com.
South Carolina’s Biggest Gambling Bust Case May Go Bust Also
They are calling it the single biggest gambling bust in South Carolina history yet, thus far, nobody has faced a jury almost one year later and time is running out.
Những người ghi cá độ ở khu vực Houston-Sugar Land-Baytown cho những con bạc Việt Nam
Có nhiều người ghi cá độ ở khu vực Houston-Sugar Land-Baytown cho những người Việt cá cược thể thao sành sõi. Houston là một trong những nơi có dân số người Việt đông đảo nhất ở Mỹ và họ thích đen đỏ trên các trận thể thao. PayPerHeadAgents.com là một trong các doanh nghiệp ngoại quốc Trả Theo Đầu Người phục vụ cho những người ghi cá độ trong vùng này. PayPerHeadAgents.com cũng có dịch vụ khách hàng nói tiếng Việt.
Casino Closings May Diminish New Jersey's Tourism Economy
(Associated Press) - In retail, it's a numbers game, so whenever Rachel Lewis heard or read that another casino was closing here, she'd get knots in her stomach.
The thought racing through her mind: Fewer casinos means fewer hotels, which equates to fewer tourists at her stores.
Leading Tech Entrepreneurs Name the Isle of Man the Digital Currency Capital of the World
Isle of Man, 22 September 2014 -- A sell-out crowd of over 150 entrepreneurs, enthusiasts, government and private sector representatives from around the world convened for the inaugural Crypto Valley Summit (CVS) on the Isle of Man from Wednesday 17th September through Thursday 18th September to discuss the future of digital currencies.
ABC News Report: ‘I Lost $70k Playing Fantasy Sports’
Fantasy Sports is gambling, hence, the activity does come with a fair amount of risk. This is illustrated in a Sunday special from ABC News, which examines one Fantasy Football player who claims to have lost at least $70,000 betting on individual players in leagues offered at the likes of FanDuel.com and DraftKings.com.
From ABC News:
The LCB Network Acquires Wizard of Odds for $2.35 Million
It is definitely the purchase of all purchases for the LCB Network: the acquisition of WizardofOdds.com (WOO) &WizardofVegas.com (WOV) in a staggering deal worth $2.35 million.
BetButler.com License Revoked by UK: Site Unavailable
In yet another black eye for UK online gambling, BetButler.com has had its licensed revoked in that nation. As of Saturday morning, the site remained offline, though BetButler.com apparently went out of business last month.
