Sportsbook News
Schill Will: There May Still be Hope For WSEX.com Players Owed Money
When World Sports Exchange founder Steve Schillinger killed himself a few weeks ago, he left behind an online sportsbook still owing players well over a million dollars.
For those of you stiffed out of monies when WSEX.com shut down, there may still be hope of recovering some funds.
Top Gambling Stories – May 29, 2013: Noon EDT Wire
These are the top gambling news stories as they happen at Gambling911.com. Follow us on Twitter here.
Bitcoin Fears Loom in Wake of Liberty Reserve Indictment
Costa Rican Online Bookies Find Love, Sex at Newly Opened Jaco Beach Del Rey
An infamous meat market bar/hotel of San Jose, Costa Rica has now opened a second location on the beach in Jaco.
The Hotel Del Rey, a staple for American bookmakers and their colleagues from the early days of Costa Rica’s burgeoning online sports betting industry, announced the opening of its second location this week.
Cantor Gaming Suit Accuses William Hill of Poaching Precious Trade Secrets
As reported by the Las Vegas Review Journal this week, Cantor Gaming is none too happy about rival William Hill entering its cherished US sports betting territory.
Gambling Ads Crackdown in Australia: Football Shirts to be Pulled
Australia will no longer be permitting gambling ads to run on television during live sporting events nor will bookmakers like Centrebet and bwin be permitted to have their logos on signage at venues or stadium naming rights.
Bookie Testifies: ‘Ridiculous’ When Asked If He Killed His Wife
South Carolina bookie Brett Parker, on trial for allegedly killing his wife, testified for nearly three hours Friday.
“No,” Brett Parker when grilled about killing his wife, Tammy Jo Parker. “That’s crazy.”
“That’s ridiculous,” he would respond when asked again.
Bitcoin Economy Now Worth $1 Billion
The Bitcoin economy is now worth a whopping $1 billion and, despite a few near death experiences, continues to grow.
This past weekend, some 1000 people attended the Bitcoin 2013 event in San Jose, California.
Ladbrokes Cutting Up to 100 Jobs
(Reuters) - Ladbrokes said as many as 100 employees at its headquarters in Harrow could lose their jobs as Britain's second-largest bookmaker transfers a number of roles to its operation in Israel, set up as part of its agreement with gaming software developer Playtech.
In March, Playtech and Ladbrokes, which has struggled to keep up with the online offering of UK market leader William Hill, finalised an agreement for the former to advise and assist the bookmaker with its digital services for an initial period of five years.
’60 Minutes’ to Offer Update on WSEX Story, Discuss Schillinger Suicide
Gambling911.com’s Thomas Somach has confirmed that the CBS news magazine “60 Minutes” will be airing an update on a story about online gambling that featured co-founders of the now defunct sports betting site World Sports Exchange
Somach tells Gambling911.com "60 Minutes" will simply be mentioning the suicide, likely at the end of an upcoming program. The exact date is not known. The original story about WSEX.com and Schillinger from 12 years ago is not likely to be re-aired.
Cantor Gaming Using Algorithms in Creating Sports Betting Lines
Great article appearing on Wired.com on how Cantor Gaming has begun to use algorithms in determining game lines for its sports betting operations.
Cantor Gaming runs a number of sportsbooks in Las Vegas, including at the M Resort.
Skrill Unauthorized Logins Have Online Gamblers Worried
A spate of reported unauthorized Skrill logins have the online gambling community on edge.
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Skrill, formerly known as Moneybookers, is a popular money transfer platform for those gamblers living outside the United States. It is similar to PayPal.
Ware is he Now: Former WSEX.com Owner Lives in German Brewery
A co-founder of now defunct World Sports Exchange (WSEX.com), Hayden Ware, is living quite the intoxicating life, Gambling911.com can report.
Hidin' Ware?
Ware and his German-born wife now reside in a converted German brewery.
The Wares paid around 655,000 euros (about $890,000) for the 3,230-square-foot space located in Berlin.
Whether any of that money belongs to players of WSEX.com is unknown as Ware’s involvement in the shuttered online gambling company during its later years remains somewhat of a mystery.
Blue Monday’ Online Gambling Beneficiaries Jailed, Forced to Resign
It’s been nearly two years since close to a dozen online gambling domain names were seized as part of a payment processing sting operation.
Undercover FBI Agents Placed Bets on Legends.com, Won and Lost Thousands
FBI agents from the Oklahoma City office placed bets with Panama City-based Legends.com (known also as Legends.com and Legendz.com) as part of a nearly 10-year investigation leading to the indictment of nearly three dozen individuals.
San Francisco Examiner: WSEX Founder Killed Himself With Illegal Gun
Tom Somach reports in the San Francisco Examiner Sunday that Steve Schillinger of Word Sports Exchange, who killed himself last month, had an illegal gun and Antigua police are investigating how he got it, where and from whom he got it.....Read the Sunday edition story on Schillinger by clicking here.
San Francisco Examiner to Cover Steve Schillinger Suicide
Gambling911.com can confirm that the San Francisco Examiner,, one of America’s most prominent newspapers, will be running a feature story on the death of World Sports Exchange founder Steve Schillinger. That story was expected to be published on Sunday (May 5, 2013).
WSEX Founder Left Suicide Note: Hated Having to Stiff Customers
World Sports Exchange founder Steve Shillinger reportedly left a suicide note behind prior to taking a gun to his head last week.
Equity Group Sports Betting Bill Clears Nevada Senate
A bill allowing private equity groups to place large wagers at Nevada sportsbooks has passed with a near unanimous vote on Tuesday. Senate Bill 346 will now head to the Assembly for a vote.
Schillinger had Questionable Past: Was Fugitive Right Up to ‘Suicide’
World Sports Exchange founder Steve Schillinger came under fire early on in his offshore gambling days. This past weekend, one of online gambling’s pioneers was found dead in his Antigua condo, shot in the head, in a story first broken by Gambling911.com on Monday morning.
Will BuddyBet be the Next Social Online Gambling Phenom
Social gambling website BuddyBet has secured $3 million in funding from private investors.
BuddyBet lets buddies play against one another as opposed to playing against the actual website or a bookmaker. The site itself focuses exclusively on sports betting but will move into other sectors in the coming months.
VentureBeat.com explains the BuddyBet concept:
Foul Play Not Ruled Out in Shooting Death of WSEX.com Founder Steve Schillinger
Homicide detectives on the Caribbean island of Antigua have not ruled out homicide in the shooting death of World Sports Exchange (WSEX.com) founder Steve Schillinger.
The 60-year-old businessman was found dead in his Darkroom Beach condominium late Friday. He had been shot in the head with a .380 pistol.
Foxwoods Inks Deal With GameAccount
Foxwoods parent company, the Mashantucket Pequot Tribal Nation, has inked a partnership deal with GameAccount Network as a means of pursuing legalized online gambling in the US.
Initially, the site will offer play-for-fun Web gambling. Other operators could ultimately join the Foxwoods network.
Legends Sports Defendant Spiros Athanas Helped Police Solve Brutal Murder
A man indicted for his alleged role in a massive sports betting ring actually helped US authorities capture a vicious killer, Gambling911.com can reveal.
WSEX Founder Shoots Self in Head: Commits Suicide
World Sports Exchange founder Steve Shillinger killed himself late Saturday, it was learned by Gambling911.com.
The company he founded was forced to shut down this past week as it was insolvent.
Shillinger shot himself in the head.
It was not immediately clear if the other two founders of WSEX.com, Hayden Ware and Jay Cohen, still had access to player funds.
The Legends Sports WagerWeb Bailout Explained
A number of Gambling911.com readers have inquired as to the nature of a 5-time rollover requirement in order to withdraw funds from their Legends Sports betting accounts, which are now in the process of being transferred over to WagerWeb. Good news, WagerWeb has informed Gambling911 that the rollver requirement is now 5 times (not 10).
Bet365 Family Coates Become Britain’s First Gambling Billionaires
Congratulations to Peter Coates, 75, his daughter Denise, 45, and son John, 43. The Coates family are about to become Great Britain’s first billionaires of gambling.
The elder Coates started Bet365 while his daughter is widely credited for building the brand’s online presence.
WagerWeb Takes Over Legends Sports Accounts: 5 X Rollover Required
Not exactly the most attractive deal in the world but WagerWeb.com is a good book and the situation could be far worse all things considered. They have informed Gambling911.com that the rollover requirement for the Legends bailout is 5 x as opposed to the previously reported 10 x. Good news for Legends customers indeed.
Legends Sports to Shut Down: Will Transfer Accounts to Other Book
Exactly one week after indictments were handed down against 34 individuals tied to Panama-based Legends Sports, that long established sportsbook has made the decision to shut down.
Legends alerted customers via email that they were in talks with another top online sportsbook to have all accounts transferred.
Spiros ‘The Greek’ Athanas Released on $1 Million Bond
One of online sports betting’s most legendary bookmakers, Spiros “The Greek” Athanas, has been released on $1 million bond according to court documents.
Athanas, one of 34 charged last Wednesday in connection to his alleged role in a multi-billion dollar sports betting ring, turned himself in two days later.
Vegas Refunds Celtics-Pacers Season Win Total Bets
In light of Monday’s tragic terrorist bombings at the Boston Marathon, Las Vegas sportsbooks have decided to refund all Celtics/Pacers season win total bets, according to Randy J. Bell of Pregame.com. It was not immediately clear if online sportsbooks would follow suit.
