Gambling
Fantasy Sports Betting in Atlantic City Casinos Will Not Constitute Gambling
The Press of Atlantic City’s Hoa Nguyen has confirmed that New Jersey’s allowance of fantasy sports betting in the gambling town’s casinos will not constitute “gambling”.
No More Internet Cafes in Florida Following Gambling Arrests: Senate OK
(Associated Press) - A Senate panel has cleared its version of a ban on the Florida gambling establishments commonly known as Internet cafes.
The Senate committee on gaming Monday voted 11-0 on the bill (SB 1030) that started as a moratorium and evolved into an outright ban.
The vote follows a House committee's clearing of its own bill banning internet cafes on Friday.
Florida Lt. Gov. Jennifer Carroll resigned last week in the wake of an investigation into the Allied Veterans of the World charity that was suspected of running illegal gambling.
Louisiana Latest US State to Consider Legalized Online Gambling
Louisiana Rep. Mike Huval wants his state to look further into the prospects of offering legalized online gambling.
Lebron James’ ‘Crooked Rabbi’... Israeli Mafia and Charlie Sheen
While TMZ recently exclusively reported that NBA superstar Lebron James has sent out invites for his wedding and it is set for the holiest Jewish day of the year, Yom Kippur – his Jewish Rabbi wont be able to attend, and maybe that's why he scheduled for that day.
NJ to Let Casinos Accept Bets on Fantasy Teams
(Associated Press) - Peyton Manning's touchdown passes, Adrian Peterson's first downs and Darrelle Revis' interceptions could combine to make someone rich this fall.
New Jersey is allowing casinos in Atlantic City to offer fantasy sports betting in a pilot program that will be announced Monday.
Illinois Internet Gambling Bill ‘Bad Actor’ Clause Softened
Illinois in its quest to legalize Internet gambling has soften its “bad actor” clause that would have prevented companies that have accepted wagers in the US over the past six years from obtaining a license in the state.
Previous wording for Senate Bill 1739 contained the following wording:
“No Internet gaming license shall be granted to any applicant who has accepted wagers via the Internet in contravention of this Section or United States law in the 10 years preceding the application date.”
Florida Gambling Arrests May Shut Down Veterans Shelter
JACKSONVILLE, Fla. (Associated Press) — A former Army cook who fell on hard times, Debbie Bowman has been living at the Allied Veterans Center, a shelter for homeless veterans, since August.
Floyd Mayweather Jr Claims NFL Replacement Refs Cost Him $900k Gambling
Floyd Mayweather, Jr. lost around $900,000 gambling on NFL games and he blames the early season replacement referees.
Florida Legislature Move to Ban Internet Cafes Following Gambling Scandal
(Reuters) - The resignation of Florida's lieutenant governor, Jennifer Carroll, and the arrests of 57 people charged with money laundering and racketeering has sparked a stampede in the state legislature to shut down hundreds of "internet cafes," whose online gambling operations have been allowed to skirt the law for several years.
Florida Lieutenant Governor Resigns Amidst Internet Cafe Gambling Probe
(Reuters) - Florida Lieutenant Governor Jennifer Carroll abruptly resigned because an Internet cafe company she once consulted for has been linked to illegal gambling, state officials said on Wednesday.
Carroll sent a brief note to Governor Rick Scott on Tuesday tendering her resignation and saying, "It has been an honor to have served the State of Florida in this capacity."
Intrade Irregularities Raise Eyebrows: CEO Paid Millions at Time of Death
Intrade.com’s abrupt closure this week has provided the online gambling industry with yet another black eye. The darling of mainstream media, Intrade cited “accounting irregularities” for the shutdown.
British Footballer Kris Newby Accused of Stealing $17k for Gambling Habit
A British footballer has been accused of stealing $17,000 from his fiancée to fuel his gambling habit.
Lacey Maclean tweeted that 25-year-old Kris Newby, a footballer with East Thurrock United FC, stole money and jewelry less than two months after he proposed.
"The man was I was gonna marry has ---- me…Taken all my money..Savings and jewellery x," she wrote on March 10.
"Kris Newby is a liar --- gambler. He has taken over £12000 of my money n jewellery be aware #itsthetruth."
She wrote on Twitter that Newby "deserves to have nothing".
Atlantic City Revenue Down 12.5 Percent in February
(Associated Press) - Atlantic City's casinos took in 12.5 percent less from gamblers in February than they did a year ago.
Figures released Monday by the state Division of Gaming Enforcement show the city's 12 casinos took in $212.3 million.
The decline was helped by the fact that 2012 was a leap year in which February had 29 days, compared with the usual 28 this year.
Revel, the city's newest casino which will file a Chapter 11 bankruptcy petition this month, saw revenue rise to $9 million, up from $7.9 million in January.
Intrade Shuts Down: Online Gambling Firm Fell on Bad Times
Troubled Dublin-based betting site Intrade.com has shut its doors.
Customers Monday were greeted with the following message upon landing on the Intrade.com website:
With sincere regret we must inform you that due to circumstances recently discovered we must immediately cease trading activity on www.intrade.com.
Nevada Gambling Revenue Down 12.5 Percent in January
CARSON CITY, Nev. —(Associated Press) - State officials say Nevada gambling revenue was down 12.5 percent in January, while state collections went up that month.
The Nevada Gaming Control Board reports casinos brought in $909 million in January.
The $507 million in winnings on the Las Vegas Strip were down nearly 19 percent in January, while downtown Las Vegas revenues of about $45 million were down 5 percent.
Casinos in Washoe County won nearly $53 million, which is down 2 percent from the same month a year ago.
Malta the Next Macau of the Mediterranean
It is already a major hub for online gambling sites. Now Seeking Alpha’s Jonathan Yates has pondered the idea of Malta becoming the “Macau of the Mediterranean”.
Macua is the largest gambling destination in the world and Yates believes Malta has the potential to some day achieve that coveted position, at least where the Mediterranean region is concerned.
RCMP Releases Names of Those Charged in Platinum SB Gambling Probe
As the result of an on-going illegal gaming investigation, the Combined Forces Special Enforcement Unit (CFSEU) has charged the following individuals with the offences of Commit a Criminal Offence for the Benefit of a Criminal Organization and Conspiracy to Commit the Indictable Offence of Engage in Bookmaking
Illinois Latest State to Consider Legalizing Online Gambling
New legislation, approved by the Illinois Senate Subcommittee, is looking to legalize online gambling.
The bill includes expansion of the state’s brick and mortar casinos, including the addition of a casino in Chicago.
Governor Pat Quinn said he would welcome expansion of gambling “under certain conditions”.
NCAA Lifts Ban on Games Played in New Jersey
The NCAA has lifted a ban on games played in New Jersey following a judge’s ruling that the state cannot allow legalized sports betting. Governor Chris Christie has vowed to appeal that ruling, however.
The NCAA had cancelled a series of championship games that were to be played in the Garden State this past year.
888 Holdings Approved for Nevada License
(Reuters) - European online gaming operator 888 Holdings Plc cleared a key hurdle in its return to a reopening, regulated U.S. online poker market after the Nevada Gaming Control Board voted to recommend approval of its application for a state interactive gaming license at a hearing scheduled for March 21.
The Nevada Gaming Control Board on Wednesday said it recommended the approval of Gibraltar-based 888's applications, including one as a manufacturer of an interactive gaming system, one as a distributor and another as an interactive gaming service provider.
Names of Those Arrested in Platinum SB Probe Yet to be Released
Though the RCMP announced it would be identifying those arrested Tuesday March 5, 2013 in connection with a massive bookmaking operation in the Ontario region today, this was yet to occur as of Wednesday evening.
Ex-Texas Attorney Gets 10 years for Theft to Support Gambling Addiction
NEW BOSTON, Texas (Associated Press) — A former lawyer in Texas and Arkansas who allegedly had a gambling problem must serve 10 years in prison for stealing nearly $250,000 from clients.
The Texarkana Gazette reports 65-year-old Don Cooksey was taken into custody Tuesday following sentencing in New Boston.
18 More Arrests Made in Connection With Platinum Sportsbook Probe
The RCMP arrested another 18 individuals in connection with an ongoing case tied to Web-based sports betting operator Platinum Sportsbook (or Platinum SB).
RCMP to Release More Info on Platinum Sportsbook in Wake of Super Bowl Raid
The RCMP were expected to release information pertaining to Platinum Sportsbook following a much publicized raid during a Super Bowl party last month.
Attorney General Seeks Removal of Judge in VictoryLand Case
MONTGOMERY, Ala. (Associated Press) — Alabama's attorney general is asking a Macon County judge to step aside from a case involving the seizure of 1,615 gambling machines and more than $223,000 in cash from VictoryLand casino in Shorter.
Attorney General Luther Strange filed court papers telling Circuit Judge Tom Young Jr. he should recuse himself because he's prejudiced against the state's evidence.
Illinois Governor Vetoes Gambling Expansion Legislation
CHICAGO —(Associated Press) - Gov. Pat Quinn has vetoed a piece of old gambling legislation that would have added five new casinos and more slot machines.
This was lawmakers' 2011 attempt, but it didn't go to Quinn's desk until the end of session in January. Quinn had opposed the bill, saying it didn't contain enough ethical protections. He vetoed it today.
New Jersey Internet Gambling Draft Legislation Due Out This Week
Come Thursday we should have a better idea as to how legalized Internet gambling will look in the Garden State.
New Jersey legislators, led by Democratic State Senator Raymond Lesniak, are expected to have draft legislation completed at that time.
Las Vegas Strip Shooter Apprehended
A man accused of fatally shooting rapper Kenneth Wayne Cherry Jr., 27, outside the Aria Hotel on the Vegas Strip last month was arrested this past Thursday.
“We can confirm that the LAPD-FBI task force arrested a fugitive from Las Vegas wanted by the Las Vegas Metropolitan Police Department," Los Angeles police spokesman Lieutenant Andy Neiman said.
26-year-old Ammar Harris is accused of shooting Cherry as he sat in the driver’s seat of his Maserati. That car then careened into a taxi cab, killing the driver and a passenger.
Sands Says It May Have Violated Law Prohibiting Bribes
LAS VEGAS, Nev. – (Associated Press) - Las Vegas Sands Corp. says in a regulatory filing that it probably violated a federal law that prohibits bribing foreign officials.
The casino company said in a filing Friday that the Securities and Exchange Commission asked two years ago for records relating to compliance with the Foreign Corrupt Practices Act.
Las Vegas Sands, which is controlled by billionaire Sheldon Adelson, said that after it got the SEC subpoena on Feb. 9, 2011, the audit committee of the board of directors opened an investigation.
Moody's: Legalized Online Gambling in New Jersey a Boost to Casinos
(Reuters) - Moody’s Investors Service on Thursday said legalization of Internet gaming in New Jersey is credit positive for the Atlantic City casino industry.
Moody’s said licenses to offer Internet gaming will be limited to Atlantic City's existing casino operators and their partners, and it will attract more players to the city.
