Gambling
Bwin.party Lower Margins in Sports Betting Hit Q2
The second quarter of 2013 for Bwin.party was mired by lower margins in sports betting, the City reported on Wednesday.
Bwin is dealing with a turnover tax on sports betting in Germany, its largest market, and competition in the bingo sector in Britain and Italy, according to the City.
“While the revenue performance was down on last year, we remain on course to deliver the targeted €70m (£60m) of cost savings in 2013 with more to follow in 2014,” chief executive Norbert Teufelberger said in a statement.
Atlantic City has Worst Year Ever
ATLANTIC CITY – (Associated Press) - This year is shaping up to be the worst for the Atlantic City casino industry in the last 22 years.
Figures released Wednesday by the state Division of Gaming Enforcement show the city's 12 casinos are on a pace that would see them take in less than $3 billion from gamblers for the first time since 1991.
For the first six months of the year, the casinos won $1.38 billion, down 10.7 percent from the same period last year.
Zynga Unveils Real Money Gambling Apps for Facebook
Zynga was in the process of unveiling its real money gambling apps during a conference in Barcelona, Spain.
From ValueWalk.com:
Paddy Power to Offer Real Money Sports Betting on Facebook
The UK’s third largest bookmaker, Paddy Power, has announced it will be offering real money sports betting on Facebook.
The news broke early Wednesday with beta testing currently in progress. The new platform was developed by Paddy Power’s team out of Bulgaria.
“The app will add social engagement to online betting, enabling customers to bet on a wide variety of sporting events through Facebook while also giving them visibility of, and the opportunity to engage with, other users. Player participation will be subject to strict age verification checks,” said Paddy Power.
MGM Funds Pro Casino Group in Massachusetts
BOSTON — (Associated Press) - MGM Resorts International, which hopes to build a resort casino in Springfield, spent nearly $1 million over a six-week period in an effort to convince voters to back a July 16 referendum on the proposal, according to campaign finance records.
The leader of a group opposing the casino said it has spent little and is relying on grassroots efforts to get its message across.
Foreigner Wins Case Against IRS on How Gambling Should be Taxed
WASHINGTON — (Associated Press) - An appeals court has sided with a South Korean businessman in a dispute over how his gambling winnings in the U.S. should be taxed.
Sang Park gambled away thousands of dollars at slot machines during trips to the U.S. The Internal Revenue Service said he had to pay taxes on every winning pull.
Park argued that he should be allowed to calculate his winnings on a per-session basis - the way that U.S. citizens are treated.
Cell Phone Usage, Computers Now Illegal in Florida as Part of Gambling Crackdown
Residents of Florida can no longer use their cell phones or computers.
It’s all due to a recently enacted gambling crackdown on Internet cafes.
The bill, passed into law two months ago, is so broad, it could be interpreted as prohibiting usage of cell phones and computers in the Sunshine State.
From CNN:
Whitey Bulger to Trial Witness in Court: ‘F*** You Too, You Suck!’
BOSTON — (Associated Press) - James “Whitey” Bulger and his once-loyal criminal apprentice had an angry, profanity-laced exchange in court Tuesday during Bulger’s racketeering trial after the former aide called Bulger and his partner “the two biggest rats.”
Nine Men Indicted in NYC Mob Crackdown With Ties to Online Gambling
(Associated Press) - Nine reputed members of the Bonanno crime family were charged in an indictment unsealed Tuesday with what prosecutors called old-school mob activity: gambling, loan sharking, extortion and drugs.
Italy Online Poker Future is Bleak
For a time, Italy had become one of the most lucrative online poker epicenters with its population just shy of 60 million.
Steve Wynn on Conclusion of Investigation: ‘Only Damn Newspapers Cared’
US federal investigators are now through looking at a US$135 million donation given to a university in Macau by casino giant Wynn Resorts.
The Securities and Exchange Commission concluded Wynn Resorts, which has a casino in the gambling enclave of Macau, did nothing wrong and will not be perusing enforcement action.
“We were so sanguine that we never paid any attention to it; we had no exposure. It was a non event except for the damn newspapers,'' CEO Steve Wynn said.
Best Price Per Head: 2013 Football Season
Gambling911.com has your best price per head shops for the 2013 Football season below.
Here we will profile BookiePPH.com, though below we offer up two other options should BPPH not appeal to you.
Gambling Nun Gets Sentenced to 90 Days for $130k Theft
(Associated Press) - Sister Mary Anne Rapp also was ordered at Monday's sentencing to perform 100 hours of community service and repay $128,000.
Rapp pleaded guilty to grand larceny in Orleans County Court in April. The 68-year-old admitted stealing from St. Mary's Church in Holley and St. Mark's Church in Kendall from 2006 to 2011. The thefts were discovered during an audit.
Dragon’s Tale Multiplayer Role-Playing Bitcoin Casino Finally Launches in Beta (Video)
The folks at eGenius have launched a new Bitcoin online casino called “Dragon’s Tale”, billed as the “first ever massively multiplayer role-playing online casino”.
This is a 3D platform featuring a collection of mini-games that will begin beta testing on July 12.
‘Closeted Skeletons’ Complicate Legalization of Online Gambling in US
Joshua Brustein of BusinessWeek.com wrote an article Monday dealing with what he calls the “closeted skeletons” getting in the way of online gambling legalization in the US.
Bookies in the Birmingham, Meridian Alabama Area: Alabama Football Betting
Bookies in the Birmingham and Meridian, Alabama areas will be taking plenty of bets on the Crimson Tide and Auburn. It’s all about College Football betting in this state.
Back when sports betting first emerged in the mid to late 1990’s, offshore sportsbooks focused heavily on ad buys for local sports radio stations throughout Alabama. This state loves their College Football and they love betting.
ESPY Awards Pulled Due to Suspicious Betting Patterns
Sportsbook.com has pulled its odds on the upcoming ESPY Awards after noting some unusual betting patterns, it was revealed on Friday.
The activity was coming from New York City and the Connecticut. ESPN is based out of Bristol, Connecticut and hosts the ESPY’s, which honor top teams and athletes.
Oklahoma City, Tulsa Area Bookies: Betting on the Sooners, Cowboys
Oklahoma City and Tulsa, Oklahoma bookies are on every corner, or at least they should be. Oklahoma is all about College Football and betting on the Sooners and Cowboys, both of which play in the metropolitan Oklahoma City area.
Pay Per Head Directory: 2013 NFL and College Football Season
The Gambling911.com Pay Per Head Directory for the 2013 NFL and College Football Season is here. These are some of the best PPH’s in the business, some of whom we have dealt with for years.
Pay Per Head operations allow local bookmakers to contract out all record keeping and online services. Just sit back and collect! PPH operators are all based offshore.
Gambling Business: Macau Casino Magnate to Open Russian Casino, More
Macau gambling mogul Lawrence Ho is extending his Melcro Crown casino empire to Russia's Far East. It will be the first well – known casino name in Russia’s Primorye gambling zone, after the country limited gaming to special zones in 2009. Read More at RT.com here.
Boston Mobster Whitey Bulger Gets in Hot Water for Swearing at Witness
BOSTON -- (Associated Press) - James "Whitey" Bulger (BUHL'-jur) has been admonished by a judge at his racketeering trial after a prosecutor reported that Bulger used an expletive when calling a witness testifying against him "a liar."
Former FBI Agent John Morris was testifying Thursday when Bulger apparently muttered the remark. Bulger stared intently at Morris as he testified.
Assistant U.S. Attorney Brian Kelly said Bulger "spent his entire life trying to intimidate people," but "he should not be doing that in federal court."
More NJ Online Gambling Deals Forged: Betfair-Trump Plaza, Gamesys-Tropicana
Following news that PokerStars has joined forces with Resorts Hotel and Casino to offer real money online poker in New Jersey, it was later announced that Europe’s biggest betting exchange, Betfair, has inked a deal with the Trump Plaza. Meanwhile, online gaming firm Gamesys has entered into a partnership with the Tropicana Hotel and Casino in Atlantic City.
Bookies in the Dallas-Fort Worth Area – Betting on the Cowboys
Bookies in the Dallas-Fort Worth area will be taking plenty of wagers as we head into the 2015 NFL season with betting on the Cowboys taking center stage.
Trump Daughter Talks Online Gambling With Bloomberg: Initiative is Complicated
This week it was announced that Ultimate Gaming would begin offering real money online gambling to New Jersey residents through a partnership with the Trump Taj Mahal. The Taj Mahal retains online gambling rights to the Trump name but the Donald himself may want to jump directly into the US-legalized Web gambling fray.
Chinese Online Gambling Ring Taken Down, Bulger’s Machine Gun Imitation
Shanghai police took down a massive online gambling ring that brought in more than US$29.3 million, police confirmed Tuesday.
92 people were arrested in the Pudong New Area for their alleged role in the operation. 27 laptops were also confiscated.
Since March, three people, surnamed Tang, Zhang and Ding, were agents for a foreign gambling website, police said.
Casino Heist at the Borgata: $200k in Rolexes Taken
The Borgata Hotel and Casino in Atlantic City was the target of a brazen “smash and grab” robbery Monday night.
Thieves got off with $200,000 in Rolex watches from a store within the casino. Three men were seen on surveillance video taking part in the crime. All are said to be African American men.
Borgata security called Atlantic City police around 8:45 last night.
All Atlantic City Casinos Applied for Online Gambling Licenses by Deadline
The Newark Star Ledger on Monday reported that all Atlantic City-based casinos have made the deadline to apply for an online gambling license. That deadline came and went on Monday.
Bookies in the Waco, Temple, Bryan Area – Betting on the Aggies, Longhorns
Bookies are just crawling all over the Waco, Temple, Bryan area, and with good reason. This is College Football Heaven with the Aggies and Longhorns. Betting on both teams hits fever pitch by September with this particular region seeing a peak 100 on the search index for “College Football”.
Texas, like in most US states, bookmaking is illegal. It is a Class A misdemeanor and punishable by either fines or some jail time or a combination of both.
FBI Corruption Takes Center Stage at Whitey Bulger Trial
The Hartford Courant editorial staff has an interesting piece on its site Monday evening analyzing the relationship between Mobster James “Whitey” Bulger and the FBI and the sometimes blurry line between them.
There is no defending Bulger in the piece.
Man Convicted for Killing Parents Over Gambling Debts, Tried to Frame Twin
JERUSALEM, July 1 (Reuters) - An Israeli who stabbed his mother and father to death was convicted of murder on Monday partly because he searched online for tips including "how to kill your parents and get away with it".
