Gambling
Funeral Set for Las Vegas Gambling Pioneer Jackie Gaughan
LAS VEGAS (Associated Press) - A funeral is set Monday for a Las Vegas gambling pioneer who once owned much of the downtown casino market.
The service for Jackie Gaughan is scheduled for 11 a.m. at Saint Viator Catholic Community.
Gaughan died in hospice care Wednesday at the age of 93.
He was most closely associated with the El Cortez casino, which he used to own. He lived in a penthouse apartment there and was known to play poker in the casino almost every day.
Billionaire Macau Real Estate Developer Joseph Lau Found Guilty of Bribery
(Reuters) - Real estate developer Chinese Estates Holdings said on Sunday its Chairman and Chief Executive Joseph Lau has resigned after he was found guilty of bribery and money laundering charges in Macau.
New York State Senate Approves Gambling in Airports
Albany, N.Y. (Associated Press) - The state Senate is proposing that New York authorize video lottery terminals, A.K.A slot machines, at international airport departure terminals to catch gamblers on their way out of the country.
The airports serving Buffalo, Albany and Syracuse, among others, appear to be out of luck.
The Senate budget resolution says it's for international departure terminals located within a city of one million or more.
That would appear to apply as proposed only to Kennedy and LaGuardia airports in New York City.
Will Bookies Begin Offering Betting Odds on Malaysia Airlines Flight 370?
Since Malaysia Airlines Flight 370 carrying 227 passengers mysteriously went missing almost a week ago today, online bookmakers have so far shied away from offering odds on this event. The more riveting this story becomes, the less some bookmakers may be able to resist.
New Hampshire House Kills Gambling Bill
CONCORD, N.H. (Associated Press) - New Hampshire's House has stuck to its long-term tradition of opposing a casino and killed a bill that proposed licensing one casino with up to 5,000 video slots and 150 table games.
The House voted 173-144 Thursday to kill a bill that was the result of a special commission appointed to study regulatory issues after a casino bill failed in the House last year. The House has repeatedly rejected efforts to legalize casinos.
The New Name in Swedish Gaming
The Swedish gaming market is an extremely competitive one, as until recently only a handful of companies were granted permission by the government to operate. With state-owned company Svenska Spel dominating the market of sports gambling, it was tough – and even unlawful – for anyone to attempt to set up a private operation.
Caesars Claims Hidden Agenda Behind Mass Unflattering Background Check
Attorneys for Caesars Entertainment are citing newly released information from a Massachusetts Gaming Commission report as the main reason for an “unflattering background check” that prevented the casino giant from landing a lucrative contract in the state.
Mandalay Bay Will Pay Half-Million Dollars After Drug, Prostitute Bust
LAS VEGAS (Associated Press) - The Mandalay Bay Resort plans to pay a half-million-dollar fine after employees at an upscale Las Vegas Strip lounge provided prostitutes and drugs to undercover officers.
The Nevada Gaming Control Board filed a proposed settlement with the casino this week. It’s awaiting approval by the Nevada Gaming Commission.
Bwin.Party Sees Return to Growth Ahead of World Cup: Activist Investor Watches
(Reuters) - Online gambling company Bwin.Party said this year's soccer World Cup would help it to return to growth after problems in Greece and a shift away from riskier markets cut earnings in 2013.
Bwin.Party is concentrating on fewer markets where regulations are more clear cut and is expanding in the United States as gambling rules are relaxed there.
Rival Betfair, another of a cluster of online gambling companies that have grown up over the past decade, is pursuing a similar strategy.
New Jersey Governor Christie Backs Away From Online Gambling Forecast
New Jersey Governor Chris Christie’s aggressive forecast for online gambling revenue was mostly seen as unattainable. On Tuesday, the Christie Administration backed off those initial projections, relaying its concerns to a leading Democratic leader in the state.
"Given the complex connections between internet and on-site gaming, we do not break down the anticipated total collections between the two sources," state Treasurer Andrew Sidamon-Eristoff wrote in a letter today to Sen. Paul Sarlo (D-Bergen).
Internet Gambling Growth Slows in New Jersey
ATLANTIC CITY, N.J. (Associated Press) — The growth of New Jersey's Internet gambling market slowed somewhat in its third full month of operation, with the Atlantic City gambling websites posting a nearly 9 percent revenue increase in February.
The 16 online gambling sites had posted a 28 percent gain in January, to $9.5 million. In February, the online sites won $10.3 million.
Bayern Munich President Evaded $18.5 Mil in Taxes: Used Money for Gambling
(Reuters) - Bayern Munich president Uli Hoeness stunned a German court on Monday by admitting he had evaded taxes of 18.5 million euros ($26 million) using a secret Swiss bank account - more than five times the amount on a prosecutors' charge sheet.
Once one of Germany’s most admired managers, Hoeness apologised and appealed for leniency at the start of a trial in a case that shocked Germany and prompted other tax dodgers to turn themselves in.
Las Vegas Gambling Pioneer Jackie Gaughan Dies at 93
(Associated Press) - A Las Vegas gambling pioneer who once owned much of the downtown casino market has died. John "Jackie" Gaughan was 93.
Clark County coroner's officials say Wednesday that Gaughan died in hospice care.
Gaughan is most closely associated with the El Cortez casino, which he used to own. He lived in a penthouse apartment there and was known to play poker in the casino almost every day.
He has also been associated with the Showboat, the Golden Nugget, the Pioneer and Boulder clubs, the Flamingo and the Royal Inn.
‘Mob Wives’ Star Ex-Hubby Testifies Against Gambino Associate in Murder Trial
The ex-hubby of “Mob Wives” reality star Renee Graziano took to the stand Tuesday to testify against former buddy and Gambino mob associate Luigi Grasso.
Admitted killer Hector Pagan says he pulled the trigger and killed Luchese associate James Donovan outside a Gravesend body shop in 2010. But Pagan knew enough about Graziano that he agreed to become a Mob turncoat in return for a reduced sentence.
Massachusetts Weighs in on Web Gambling
BOSTON — (Associated Press) - The head of the state's gambling commission suggested on Tuesday that lawmakers hold off on key decisions about Internet gambling until after the panel completes the process of awarding casino licenses in Massachusetts.
The commission convened an all-day hearing to examine the potential impact of online gambling should it be legalized in the state. Lawmakers and gambling regulators worry that it could take a bite out of revenues currently produced by the state lottery and that are expected to be generated by taxes on casinos in the future.
Bad Weather Hits Casino Revenue in Snow States
Arctic winter weather continue to chill the gambling business across the midwest and eastern states.
Tribes Position Themselves Ahead of New York Casino Expansion
BUFFALO — (Associated Press) - With New York state about to take bids for its first non-Indian casinos, tribes have been upgrading their existing casinos and exploring new ones.
The Seneca Indian Nation, which operates three casinos in Buffalo, Niagara Falls, and Salamanca under a 2002 compact with the state, bought 32 acres outside Rochester last week for a potential fourth location.
Dan Gosling Admits to FA Misconduct: Broke Gambling Rules
LONDON (Associated Press) — Newcastle midfielder Dan Gosling has admitted to a Football Association misconduct charge related to multiple breaches of betting rules.
The FA says Gosling has requested a personal hearing and a date had not been set.
No details of the case have been revealed publicly. Players are prohibited from betting on matches in competitions they are involved in or have any influence over.
Lead Investigator Into Pete Rose Still Believes He Should Not be in Hall of Fame
The lead investigator in the 1989 Pete Rose Major League Baseball gambling matter tells the Washington Post he still believes Rose does not deserve to be entered into Baseball’s Hall of Fame.
John M. Dowd led the investigation, later dubbed the “Dowd Report”.
Mayweather Late for Maidana Promotional Press Conference Due to Gambling
LAS VEGAS (Associated Press) — Floyd Mayweather took his time selecting an opponent for his May 3 fight, then took some more time to formally announce it.
At least he had a Vegas kind of excuse for showing up an hour late for a Saturday news conference promoting the bout with Marcos Maidana.
Sands Casino Guest Credit Card Information Hacked Into
If you have stayed at the Sands Bethlehem Casino or any of the other Sands Las Vegas affiliated casinos, including the Venetian, you may want to double check your credit card bill. It turns out that customer credit cards have been compromised as part of a hacking that took down all of Sands site an entire week last month.
Ontario Police Take Down ‘Major’ Online Gambling, Weapons Ring
Eleven individuals, aged 21 to 43, face charges ranging from illegal online gambling, bookmaking to illicit drug distribution. The Ontario, Toronto-based ring is also said to have organized crime ties.
Of the 42 charges, 17 are connected to illegal gambling, 17 related to drugs and the rest connected to weapons and possession of property obtained by crime.
‘I’m Not a Sore Loser’ Says Man Suing Casino That Let Him Lose $500k Drunk (Video)
"Just picture a drunk walking the street and he's drunk, and someone pickpockets and takes his money from him. That's how I characterize it," Mark A. Johnston said in an interview with CNN. "I feel like it's the days of old Vegas, the way they've been extorting me with letters and attorneys."
Casino Gambling Can Reduce Childhood Obesity
It turns out you can lose more than just cash in a casino, the Los Angeles Times reports.
Paddy Power Stops Pistorius Bet: 1000 Wagers Taken, Over 5000 Complaints
Irish bookmaker Paddy Power has finally caved in and ceased taking wagers on the Oscar Pistorius murder trial in South Africa. Pistorius shot his wife dead last year, mistaking her for an intruder. The paraplegic runner insists the shooting was an accident.
Some Payment Processors to Block Unlicensed Online Gambling Sites in UK
Some of the UK-based payment processors have agreed to block money transactions to and from unlicensed online gambling sites.
5000 Plus Complaints Lodged Against Paddy Power Pistorius Bet Ad
As Gambling911.com reported yesterday, Irish bookmaker Paddy Power was forced to remove an ad promoting wagering on the Oscar Pistorius murder trial following some 5000 complaints filed with the Advertising Standards Authority.
Paddy Power in Hot Water With ASA Over Pistorius Advertisement
“It’s Oscar Time” – such read an advert from the controversial Ireland-based bookmaker PaddyPower.com.
Oh yes, punters love to bet on the Oscars, and they did in droves this past Sunday.
There’s just one small problem. Paddy Power’s ad had nothing to do with the Academy Awards, although it certainly looked to capitalize on them.
Was 1995 Penn State – Rutgers Game Fixed in Light of McQueary Claims?
ESPN The Magazine broke the shocking details that former Penn State Football Assistant Coach and one time backup quarterback Mike McQueary claims to have been a victim of sexual abuse as a child in addition to being a degenerate gambling. Now one has to wonder if McQueary’s betting on games translated into throwing one specific showdown, that wasn't much of a showdown when all was said and done.
60 Minutes Sports, New Jersey Online Sports Betting and the Mob (Video)
“60 Minutes Sports” featured a segment asking the question whether legalized online sports betting in the state of New Jersey might actually serve to eradicate the Mob.
Bookmakers and organized crime members have long profited in the high-stakes world of illegal sports gambling, CBS News notes.
