Sportsbook News
BetED.com Head Darren Wright Arraigned Monday
A defendant caught up in a Maryland US Attorney online gambling sting operation has been arraigned. Update: Sentencing was under seal.
Big Boss at Paddy Power Appears on ‘Undercover Boss’
Soon-to-be Head of Operations for Ireland’s biggest bookmaker Paddy Power, William Reeves, is currently appearing on tonight’s episode of “Undercover Boss”, airing in the UK.
888 Poker, Casino Revenue Stun Investors: Share Price Rises 14 Per Cent
The week ended solid for 888 Holdings, parent company of the world’s 4th largest online poker venture, 888Poker.com.
Stocks sored up 14 per cent on news that company profits were “materially ahead”, due in part to a strong presence in the Spain market.
The firm is now the second-biggest player in the Spanish poker market after PokerStars.
Ladbrokes Slashes Odds on Heathrow passport Queues During Olympics
(Reuters) - Queuing and gambling, two popular pastimes in Britain, will be especially prominent during the looming London Olympics, starting at Heathrow Airport's arrival terminals it appears.
The slow pace of immigration checks has come under fire as Olympic officials and athletes begin arriving for the two-week Games and a leading bookmaker has already made it a racing certainty that an hour-long wait will be experienced.
Paddy Power Passes Preliminary Review to Operate Online Gambling Site in Nevada
While it is yet to name a potential business partner from the US, the United Kingdom’s third largest bookmaker, Paddy Power, was granted a preliminary finding of suitability to operate in Nevada by state gaming regulators Wednesday.
"The U.S. is a key potential new market for us," Paddy Power Chief Executive Officer Patrick Kennedy said on Wednesday. "We're looking at all opportunities in the U.S., but our expertise is in online gaming. That's obviously what we're looking at doing in Nevada and in other states."
Euro 2012 Marred Results at Bwin.Party
(Reuters) - Bwin.Party Digital Entertainment (BPTY.L), the world's largest listed online gaming group, said a run of predictable results in the Euro 2012 championship marred a solid performance in its casino and bingo operations in the second quarter.
The company said its trading performance since the beginning of April was broadly in line with expectations, with solid performances in bingo and casino being offset by continued pressures in poker.
Congressman John Tierney Vows to Stay in Race Following Gambling Allegations
Massachusetts Congressman John Tierney has said he will stay in the race to hold his House seat despite allegations he knew of an “illegal” offshore wagering site that employed his wife Patrice.
Tierney’s wife served as an accountant for her brothers betting company based out of Antigua.
Euro 2012 Boosts Betfair Revenues
By Keith Weir
LONDON, June 29 (Reuters) - The Euro 2012 soccer tournament helped online gambling exchange Betfair to report strong trading on Friday, with the development of mobile apps seen as a driver of future revenue growth.
The online bet-matching company, set up 12 years ago, reported a 15 percent rise in underlying profits (EBITDA) from its core businesses to 92 million pounds ($142.66 million) in the year to April 30. Betfair shares rose 2.8 percent to 755.5p by 0825 GMT.
William Hill Goes to War With Betfair Over Horse Racing Levy
William Hill, England’s biggest bookmaker, wants to force Betfair customers into contributing to a horse racing levy. Betfair prides itself on being the largest betting exchange. Because there is no middleman (a bookmaker) as part of the betting exchange business model, customers of Betfair have thus far been exempt from paying money towards horse racing.
William Hill will plead its case in court over the coming week.
Not The Best Week for Ladbrokes: Profit Warning has Investors Heads Spinning
Ladbrokes shares fell 12 percent on Thursday following a profit warning issued by the company. Profits for Ladbrokes online unit are expected to be half what they were for this period compared to last year. Follow Gambling911.com on Twitter for all the latest Ladbrokes news.
Gambling News: Did Congressman John F. Tierney Knew about Sports Betting Business
This is the latest gambling news as published June 29, 2012 during the overnight and early morning hours including breaking news that Massachusetts Representative John F. Tierney may have known about his brother-in-law’s offshore sports betting business. Wife Patricia was convicted of aiding her brothers in running the Antigua-based operation. Please follow us on Twitter here for up-to-the-minute breaking news.
BetOnline.ag Investors Acquire Majority Ownership of SportsBetting.ag
A group of investors, consisting of shareholders from BetOnline.ag, are excited to announce a sizeable investment into online gaming site SportsBetting.ag.
With the transition come significant improvements to the SportsBetting.ag brand; including bigger bonuses, faster software, better odds and most importantly – reliable payouts.
A representative from SportsBetting.ag touched upon the upgrades:
Intertops.com Stops Accepting New US Players Unless Invited
While no official statement has been released by Intertops.com, the oldest online gambling site in the world has stopped accepting new US registrants for the time being in all spaces unless invited by other players. This includes sports betting, poker and its online casino.
The decision appears to have been made without much notice as only yesterday the following tweet was made by Intertops:
Intertops Stops Accepting New US Players
Intertops.com, which recently became part of the newly branded Revolution Network, has stopped taking new US customers at this time.
Details of this decision were not immediately known.
Upon attempting to sign up from within the United States, the following message appears.
Thank you for your interest in Intertops! Unfortunately, we are unable to accept new customers from your country or region at this time.If you believe you received this message in error please contact our customer support team.
Blue Monday Online Gambling Defendant Must Pay $100 Fine
On June 8, 2012, software professional David Parchomchuk appeared in Maryland Court to face charges stemming from last year's Blue Monday indictments. He accepted a DOJ plea bargain which saw him plead guilty to conspiracy to conduct an illegal gambling business for which Judge Catherine Blake fined Parchomchuk $100, along with 2 years of unsupervised probation. Prior charges of money laundering were dropped by the DOJ.
Pinnacle Sports Obtains Alderney Gaming License (Video)
One of the largest and sharpest online sports betting firms, Pinnacle Sports, confirmed it has obtained a license from the Alderney Gambling Control Commission (AGCC). Scroll Down to Watch Video...
Online Sportsbooks Begin Releasing 2012 WSOP Prop Odds
You can even bet on whether man will cash in on women’s tourney at some
Online betting sites have begun to release wagering odds on a variety of proposition bets for the 2012 World Series of Poker, which gets underway later this month in Las Vegas.
Manchester City vs. Manchester United Paddy Power Player Heart Attacks Bet Tweet in ‘Poor Taste’
The UK’s third biggest bookmaker, Paddy Power, has apologized Tuesday for retweeting a Twitter user who asked if they could place a wager on the OVER/UNDER number of player heart attacks during Monday’s Manchester City v Manchester United game.
“Can you place bets on player heart attacks at football matches?” the tweet asked.
BetFred Founder Fred Done on Short List for Ernst & Young’s Entrepreneur Of The Year award
The colorful founder of UK online gambling firm BetFred.com, Fred Done, is appearing on the short list of Ernst & Young’s Entrepreneur of the Year.
26 individuals from 23 Northern UK companies will be competing for the coveted award in Manchester on June 26.
The awards recognize those who have built and lead successful businesses.
Roberto Luongo May Have to Endorse British Columbia Lottery Corp. From Tampa Bay
The British Columbia Lottery Corp. is staying mum about the prospects of its spokesperson, the Vancouver Canucks Robero Luongo, being traded to another team. Rumors are Luongo could end up in either Toronto or Tampa Bay.
Jenny Woo’s C-Section Shocker
The birth of Lily Christiana Woo on April 15 may not have been a miracle after all, at least not as it pertains to the coincidental timing. It all depends on how you cut it (no pun intended).
Gambling911.com Senior International Correspondent Jenny Woo revealed on Wednesday that she had deliberately scheduled to have a c-section birth on April 15, 2012 to commemorate the one-year anniversary of “Black Friday”.
Betsson Acquires Nordicbet
Betsson AB (publ) today announced that it has signed an agreement to acquire substantial parts of the business of Nordic Gaming Group plc, which is the owner of the NordicBet, TrioBet and Tobet gaming operations. Once the transaction is approved by competent regulatory bodies, the acquisition will be finalized in the end of second quarter 2012.
Betsson is one of the largest Scandinavian online gambling firms offering a wide range of first-class online gambling products and games in a safe and user-friendly gaming environment.
Internet Gambling, Horse Racing Regulated Simulcasting on Agenda in Massachusetts
By STEVE LeBLANC, The Associated Press
BOSTON — The Massachusetts Gaming Commission is pressing lawmakers and Gov. Deval Patrick to push back a key deadline for the panel to take over the regulation of horse racing and simulcasting, saying the expanded duties will make it harder to get new casinos up and running.
Commission chairman Steven Crosby said Tuesday that the panel will meet the May 20 takeover deadline if needed, but said delaying the change makes more sense for the state.
LowVig.com announces the acquisition of online sportsbook Bet Vegas Vic
Reduced-juice sportsbook welcomes their newest members with unrivaled sports betting value and generous rebates
On Monday morning reduced juice sportsbook LowVig.com finalized the acquisition of competitor BetVegasVic.com.
Joe Brennan Jr: ‘I’m Not Anti-Federal But (Federal Online Gambling) Just Not in the Cards' (Video)
Appearing on the popular Quadjacks.com radio show this week, Interactive Media Entertainment and Gaming Association head Joe Brennan, Jr. wants everyone to know that legalizing online gambling in New Jersey is moving full steam ahead.
Brennan is an advocate for state rights, but insists he has nothing against federal legislation. He just doesn’t see it happening any time soon.
Frankel Injury Said to be Minor: JLT Lockinge Stakes Odds Still 2 to 5
Frankel, the winner of last year's 2000 Guineas, St James's Palace Stakes and Queen Elizabeth II Stakes, was said to have suffered a "superficial" injury Thursday during a workout at Newmarket.
Frankel was due to race the JLT Lockinge Stakes at Newbury on May 19 where he was listed as the 2/5 favorite.
US Owes Antigua $120 Million in Damages Over WTO Online Gambling Dispute
In 2007 The World Trade Organization (WTO) demanded the United States government pay restitution to the tiny Caribbean nation of Antigua after the later won a judgment against Uncle Sam. Antigua essentially accused the USA back then of protectionism and engaging in unfair competitive practices as it pertained to the Caribbean nation’s role in regulating what is now a multi-billion dollar online gambling industry.
Instant Banking for Online Gambling Could Return to US Soon
There may be a new payment processor in town for those in the US online gambling community.
ADI-News.com has reported on the merger of two big name payment processors, Mazooma and BigPoint.
From ADI-News.com:
Maryland Now Allows Gambling on Fantasy Sports: Life Behind Bars for Booking NFL Games
As Bodog Founder Calvin Ayre, 50, faces more than 25 years behind prison for running one of the largest online sports betting enterprises and targeting residents of Maryland, that state has just begun allowing wagers on fantasy sports. Exceptional timing!!! We can't make this stuff up even if we tried.
Former Bookie Smothered in Bed: Wife and Daughter Sentenced to Life
The wife and daughter of a retired bookmaker, Don Banfield, have been found guilty of smothering the man to death for his insurance money.
Former tax inspector Shirley Banfield, 64, and her daughter Lynette, 40, admitted to two charges of conspiracy to defraud and charges of forgery as well as the perverting of course of justice, though they denied murdering Banfield 11 years ago.
The pair pocketed more than £120,000, some of which went into the purchase of their Canterbury, England home.
