Gambling
Dianne Feinstein Support of Online Gambling Prohibition Bill has Many Baffled
California Democrat Senator Dianne Feinstein stunned many folks when it was revealed she would be backing legislation introduced Wednesday to prohibit online gambling.
FBI Raids Net Raymond ‘Shrimp Boy’ Chow: Collected Gambling Debts for Triad
A series of FBI raids in both the San Francisco and Sacramento areas resulted in the arrest of Raymond “Shrimp Boy” Chow, a former member of a Chinatown street gang and latest member of a Hong Kong-based triad allegedly tied to Hong Kong and San Francisco-based gambling dens.
Russia Placing Sanctions on Internet Gambling Sites: Mostly From UK
Russia has apparently declared war on Internet gambling.
Though the blacklist was implemented some 16 months ago, it has only expanded dramatically in recent days to include the likes of UK-based sites such as Ladbrokes and William Hill along with a number of other European online wagering firms.
This move comes as the European Union has imposed sanctions on Russia for its annexation of Crimea.
Coincidence?
Internet Gambling Control Act of 2014 Introduced by Graham, Chaffetz
South Carolina Republican Senator Lindsey Graham and Representative Jason Chaffetz, a Republican from Utah, introduced the Internet Gambling Control Act of 2014 Wednesday morning. It is a measure that would prohibit all forms of Web gambling in the US at the federal level while enforcing state governments to cease offering the activity as well.
New Jersey Online Gambling Estimates Cut by 7 Percent
ATLANTIC CITY, N.J. (Associated Press) — Morgan Stanley has lowered its estimate of the U.S. Internet gambling market to $3.5 billion by 2017, down from a previous forecast of $5 billion.
The Wall Street firm cited worse-than-expected technical issues, but says it's optimistic about the new industry's long-term prospects, with an $8 billion market by 2020.
It also lowered its first full year estimate of New Jersey's Internet gambling revenue from $541 million to $203 million. Fitch Ratings is sticking with its $200 million forecast for New Jersey this year.
888 Holdings Sees Surge in Share Price
888 Holdings, the online gambling firm, was up 8.6% Tuesday in trading.
The company has reported a 30% increase in pretax profit in 2013, driven by a continued strong performance from its core casino and poker products.
It said that pretax profit rose to USD53.2 million in 2013, up from USD40.8 million the year before, as revenues for the year rose to USD400.5 million from USD375.8 million.
WSOP.com Becomes Official Online Gambling Partner of New York Rangers
PokerNews.com is reporting that New Jersey online gambling site WSOP.com has become the official betting partner of the New York Rangers.
New Jersey residents are already eligible for promotions associated with this partnership deal.
From PokerNews.com:
Bill to Allow NJ Licensing of Foreign Internet Gambling Firms One Step Closer
(Associated Press) - A plan to let New Jersey casino regulators oversee foreign Internet gambling companies if they move their operations to Atlantic City has moved a step closer to approval.
A state senate wagering committee approved the bill Monday.
The measure is sponsored by Sen. Raymond Lesniak. He says many overseas gambling companies want the stamp of approval that would come from submitting to New Jersey's casino regulators, who are among the strictest in the nation.
The foreign firms wouldn't be able to take bets from anyone in the United States.
Ronn Torossian Says CNBC’S Reality Show ‘Money Talks’ Is A ‘Sham’
"Owning a PR firm, I know well that while reality TV is often scripted, and rarely reflects “reality”, CNBC’s new show "Money Talks" which focuses on the world of sports handicapping crosses over the line of acceptable entertainment."
Ronn Torossian of 5WPR wrote an op-ed which should interest the readers of Gambling911 immensely.
GOP Mega Donor Adelson Hires Former Democratic Senator
Casino Magnate and GOP mega donor Sheldon Adelson has hired former Democratic Senator Blanche Lincoln as part of his campaign to abolish legalized Web gambling in the US.
Adelson’s Las Vegas Sands corporation hired Lincoln Policy Group, according to public records obtained by Politico.com.
William Hill, Ladbrokes Shares Hit Again Following UK Budget Woes, Downgrades
Leading UK bookmakers William Hill and Ladbrokes witnessed yet another share decline on Monday following a downgrade and unfavourable football results over the weekend.
Hill dropped 1.33% Monday, Ladbrokes dropped 0.53%.
Is New Jersey Online Gambling Driving Down Casino Revenue in Pennsylvania?
Forecasts for online gambling revenue in New Jersey may not quite be reaching targeted expectations but there could be an additional positive impact, at least where the Garden State is concerned.
Neighboring Pennsylvania casino revenues are now on the decline since New Jersey Internet gambling launched last November.
Pennsylvania has severely cut into New Jersey’s brick-and-mortar casino industry for nearly eight years.
Florida's Gambling Growth Fuels Legislative Push
TALLAHASSEE, Fla. — (Associated Press) - South Florida has frequent flights from around the country, Latin America and Europe visitors by the millions each year and Indian casinos that perform better than those in most other states. On top of that, the weather is terrific.
Pope Tells Italian Mafia to Stop Evil or Prepare for Hell
(Reuters) - Pope Francis, in an annual ceremony held to remember the hundreds of innocent people murdered by the Italian mafia, made a solemn plea for mobsters to change or else "end up in hell".
The mafia continues to plague much of southern Italy: just on Monday, a four-year-old boy was shot dead, along with his mother and her boyfriend, near the southern city of Taranto in a suspected mob hit.
Pope Francis Shuns Mafia Dons: Holds Vigil for Victims
Pope Francis held a vigil for victims of organized crime in Italy on Friday.
Thousands of people in Italy have lost loved one’s at the hands of the Italian Mafia, according to reports. A toddler and his parents became the latest vicim of Mob violence just hours after Pope Francis announced his visit on Monday.
Russian Billionaire Who Won Gambling Libel Case Could Face EU Sanctions
A Russian billionaire who won a gambling libel case in 2010 is facing possible EU sanctions following Russia’s annexation of Crimea.
Online Gambling Affiliates Now Welcome in New Jersey With Income Access
Popular online gambling super affiliate company Income Access has entered into a partnership with Betfair.com to allow affiliate marketing in New Jersey.
Internet gambling firms are looking for creative ways to catch up with bwin.party, which so far has dominated the airwaves and offline media throughout the New Jersey-New York-Pennsylvania region.
Whether affiliates will be enticed enough to focus on such a limited market remains to be seen. Only those physically located in New Jersey will be able to wager with Betfair.
Nevada, Delaware Multi-State Online Poker Compact Draws Ire of Congress
(Associated Press) - Nevada and Delaware’s recent agreement to launch the nation’s first collaborative, interstate online poker zone appears to have drawn a backlash from gambling’s opponents in Congress, who are planning to drop a bill rolling back the legal opinion underlying the recent deal.
Cato Institute and Pacific Legal Foundation Back New Jersey Sports Betting Bid
New Jersey received some welcome news from the prestigious Cato Institute and the Pacific Legal Foundation Thursday. They filed an amicus brief in support of New Jersey’s bid to have the U.S. Supreme Court hear their protest of a 1992 federal law that is preventing the Garden State from offering sports betting to its citizens.
Michigan Withdraws Rules for Charitable Games
LANSING, Mich. (Associated Press) - A Michigan agency has withdrawn proposed new rules to rein in the charitable gambling industry to consider possible changes because of opposition from some lawmakers.
The state Gaming Control Board notified a joint legislative rules committee of its decision Wednesday.
Gov. Rick Snyder's administration is hoping to crack down on "millionaire parties." The events help charities raise money but have drawn criticism as "de facto casinos" also bringing large profits to bars and poker rooms.
Sicilian Mafia Boss Dissolved in Acid: Three Men Arrested
Three men this week were arrested for the 2002 murder of Sicilian Mob boss Andrea Cottone.
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What is the Minimum Money Amount to Open an Online Betting Account?
Many Gambling911.com readers ask this question: What is the minimum to open an online wagering account to start betting?
While the amount differs between sportsbooks, typically $25 to $50 is required to fund an account before you can start wagering. $50 to $100 is usually the amount needed to take advantage of bonus offers.
Actual bet minimums can be as low as $1 though $10 to $25 is the average wager placed online ($50 via the phone).
Examples from various online sportsbooks appear below.
Can I Bet Online Using My Mobile Device? Iphone, Android, Blackberry Included
We get this question a lot and the answer is a resounding “YES”. You can place bets online using your iPhone, Android and Blackberry mobile devices at nearly all online sportsbooks. Most also offer betting via an iPad.
SatoshiDice.com Bitcoin-Denominated Stock Sale Draws Ire of SEC
Bloomberg News is reporting that the Securities and Exchange Commission is conducting an investigation into the Bitcoin-denominated stock sale of the online gambling website SatoshiDice.com.
Lindsey Graham Online Gambling Ban Bill Expected to be Introduced Next Week
Republican Senator Lindsey Graham is expected to introduce his bill that would outlaw all forms of online gambling as early as next week.
2nd Season of Sports Betting Reality Show ‘Money Talks’ Debuts Tonight
CNBC renewed the controversial sports betting reality show “Money Talks”, which premieres Wednesday night (March 19) at 10 pm EDT.
Atlantic City Mayor: New Jersey Locked Out of March Madness Betting Unfair
ATLANTIC CITY, N.J. (Associated Press) — By this time, New Jersey figured it would be raking in the bets on professional and college sports.
But with its two-year bid to offer legal sports betting stalled and relying on a long-shot appeal to the U.S. Supreme Court, the only madness this March will bring New Jersey is anger that things did not turn out quite the way it hoped.
Paddy Power Pistorius ‘Will He Walk’ Bet Ad Most Complained About Ad Ever
The UK Advertising Standard Authority (ASA) has said that Irish bookmaker Paddy Power’s Oscar Pistorius murder trial 'Money Off If He Walks' ad was the single most complained-about advertisement ever recorded.
Paddy Power was forced to pull the ad after the ASA issued it a dire warning.
The ASA in its findings released Wednesday said: "We acknowledged that the ad had appeared in the context of a high profile murder trial that had received extensive media coverage and was of interest to the public.
William Hill, Other UK Bookmakers Hit Hard by Budget Blow
(Reuters) - The FTSE 100 slipped on Wednesday, with insurer Legal & General and gambling company William Hill slumping as changes imposed by the UK budget threatened their profits.
Taj Mahal Killer Confesses to Two More Atlantic City Murders
Raheem Simmons, 20, pleaded guilty Tuesday (March 18, 2014) to two counts of aggravated manslaughter for the 2011 shooting deaths of Antwan Brown and Travon Kinard in Atlantic City. Both victims were 20 years old at the time of they were killed. All three resided in Camden, New Jersey.
