Business & Financial
‘Barefoot’ Exec at New York Investment Firm Pleads Guilty to Inside Trading
Michael Lucarelli, who was mocked on Comedy Central’s The Daily Show after running away barefoot from photographers last month, has plead guilty to one count of securities fraud for inside trading. He will be sentenced in January and faces up to 20 years prison time.
Lucarelli had served as a director of market intelligence at Lippert/Heilshorn & Associates prior to being charged last month.
How Can Gaming Companies use Marketing without Solid Footing in Business Acumen
The gaming field continues to grow and transform - With the insurgence of social media, companies are forced to become increasingly innovative and captivating with their messages to garner attention. Even though the market continues to evolve, there are still some tried and true tactics to utilize in order to succeed in the coming years.
Carl Icahn to the Rescue of the Taj Mahal, Betfair to Remain in NJ
Carl Icahn, who already has interests in one Atlantic City casino, is looking to possibly infuse money into the troubled Trump Taj Mahal, but only under certain conditions.
Apuestas en línea en Chile: Adonde apostar
Apostar en línea, como uno podría esperar, es algo bastante popular en la nación sudamericana de Chile. Si buscas en donde apostar, no busques más, la respuesta es BetCRIS.com, que ofrece sus servicios a todo el mercado Latinoamericano.
Chile, con alrededor de 18 millones de personas, es una de las naciones más habitadas de Suramérica, y uno de los mercados más grandes para BetCRIS.com.
Everleaf Poker Network Owner Charged With Misappropriation of Player Funds
A Maltese court has charged the founders of the now shuttered Everleaf Poker Network with misappropriation of player funds. The company still owes an undisclosed amount of monies to players.
From PokerSites.com:
Casino Closings May Diminish New Jersey's Tourism Economy
(Associated Press) - In retail, it's a numbers game, so whenever Rachel Lewis heard or read that another casino was closing here, she'd get knots in her stomach.
The thought racing through her mind: Fewer casinos means fewer hotels, which equates to fewer tourists at her stores.
Leading Tech Entrepreneurs Name the Isle of Man the Digital Currency Capital of the World
Isle of Man, 22 September 2014 -- A sell-out crowd of over 150 entrepreneurs, enthusiasts, government and private sector representatives from around the world convened for the inaugural Crypto Valley Summit (CVS) on the Isle of Man from Wednesday 17th September through Thursday 18th September to discuss the future of digital currencies.
BetButler.com License Revoked by UK: Site Unavailable
In yet another black eye for UK online gambling, BetButler.com has had its licensed revoked in that nation. As of Saturday morning, the site remained offline, though BetButler.com apparently went out of business last month.
Breaking News: Ultimate Gaming Exits NJ Market in Wake of Taj Mahal Bankruptcy
LAS VEGAS - Ultimate Gaming announced today that it has terminated its online gaming agreement with Trump Taj Mahal Associates LLC, which filed for Chapter 11 bankruptcy protection. The agreement was terminated due to multiple breaches by Trump Taj Mahal Associates. As a result of the termination, Ultimate Gaming will be withdrawing from the New Jersey online gaming market. Ultimate Gaming will continue to maintain its existing online poker operations in Nevada through UltimatePoker.com.
Biggest Rolls-Royce Order Ever Placed: Casino Owner Buys 14 Phantoms for $20 Mil
(Associated Press) - A Hong Kong tycoon has placed the biggest ever order for Rolls-Royce cars, agreeing to buy 30 Phantoms to chauffeur guests at a luxury resort he's building in the global gambling capital of Macau.
Stephen Hung's $20 million purchase surpasses the 14 Phantoms bought by Hong Kong's Peninsula Hotel in 2006. Hung and Rolls-Royce executives signed the deal Tuesday at the company's Goodwood factory in England.
$5 Billion in Bitcoin Fantasy Sports Contests Annually: Victiv.com Joins the Fray
Bitcoin + Daily Fantasy Sports contests could amount to big bucks. Try $5 billion.
Fantasy Sports has always seemed like a promising area for Bitcoin acceptance, suggests Kenny Spotz of the CoinTelegraph.com.
Donald Trump: ‘Does Anyone Notice That Atlantic City Lost Its Magic When I Left?’
Donald Trump took to Twitter after one of the casinos in Atlantic City that bore his name closed on Tuesday.
Chicago Bulls Eye Fantasy Sports Sponsorship: FanDuel, DraftKings Frontrunners
With the National Basketball Association ending its restrictions on Fantasy Sports sponsorship deals last month, the Chicago Bulls expect to jump into the fray in a very big way.
Wynn Resorts Gets Approved for Gambling License
BOSTON — (Associated Press) - Wynn Resorts has won the competition for the lucrative Boston-area casino license, besting rival Mohegan Sun largely on the strength of its $1.6 billion project’s economic development potential.
The Massachusetts Gaming Commission voted 3-to-1 Tuesday to award the license to the Las Vegas casino giant, which wants to turn a former chemical plant site on the Mystic River in Everett into a gleaming casino resort.
A final vote is expected Wednesday after Wynn formally agrees to terms and conditions regulators have stipulated.
Online Gambling Site Betfair Guaranteeing No Scotland Independence
Polls may say the outcome of the Scottish independence vote is too close to call but one UK-based betting shop, Betfair.com, is already paying out more than 100,000 pounds ($162,000) to customers who backed a "No" vote.
G911 World Exclusive: Investigation Into Bwin.Party Stock Trades
An investigation into recent stock trades involving bwin.party, an online betting company, is being conducted, Gambling911.com can reveal in a world exclusive report!
A source tells Gambling911.com that the proper authorities are looking into recent, possibly-suspicious, large purchases of stock by directors of the company.
Bookies Make Up Big Time for Patriots Losses: Eagles Icing on Cake
Despite getting crushed by sports bettors who were backing New England to cover against Minnesota, bookies made up for any losses with big wins by the Bears, Browns and Chargers. In all, the Patriots represented only one of seven teams with heavy lopsided action that favored gamblers.
Wynn, Mohegan Sun Respond to Casino Regulators in Massachusetts
BOSTON (Associated Press) — Wynn Resorts appears to have a strong advantage over Mohegan Sun in the fierce competition for the Boston-area casino license, even as the Las Vegas gambling giant pushes back against some requirements state regulators are seeking to impose if it is to win the license.
3000 Taj Mahal Employees Given Notice They May Lose Jobs
ATLANTIC CITY, N.J. — (Associated Press) - The owner of the Trump Taj Mahal casino has sent notices to more than 3,100 employees warning it could be shut down in November.
Trump Entertainment Resorts told The Associated Press it filed the notices earlier this week, saying it could close Nov. 13.
The company filed for bankruptcy on Tuesday and threatened to close the Taj Majal if it doesn't get concessions from its unions.
Pinnacle Sports Exits UK Market, Others Force to Lay Off Staff, Close Betting Shops
The United Kingdom government is set to begin enforcing new regulations for online gambling, beginning with a hefty tax increase.
The pending changes and increased taxation will go into effect October 1 though a grace period for application processing is being allowed for those operators based out of Alderney and the Isle of Man.
PokerStars Expected to Enter New Jersey Market by October
New Jersey state Senator Raymond Lesniak (D-Union) is optimistic that the world’s largest real money online poker room, PokerStars, will likely enter the Garden State’s legalized Web poker market in the coming weeks.
El Mejor Sitio de Apuestas en Línea para Jugadores de Habla Hispana!
Uno de los mejores sitios de apuestas en internet para jugadores de habla hispana es BetPhoenix.ag, un sitio de apuestas que cuenta con el personal profesional y experimentado que le atenderá en el idioma de su preferencia ya sea español o inglés.
Oscar Pistorius Found Not Guilty: Paddy Power Makes Payouts
Oscar Pistorius has been found Not Guilty of murdering his wife model Reeva Steenkamp in a case that has been widely covered by the gambling world following Irish bookmaker Paddy Power’s decision to take wagers on the outcome.
Massachusetts Won’t Make Decision on Boston Casino This Week
BOSTON (Associated Press) — State gambling regulators say they'll hold off making a decision on the lone Boston-area casino license this week.
The Massachusetts Gaming Commission on Wednesday said it will break off deliberations until Wynn Resorts and Mohegan Sun have a chance to respond, by Friday, to a series of conditions the panel is considering imposing on their proposals. The commission says it'll reconvene Monday with the hope of awarding the license by Wednesday.
Revel has $90 Million Offer to Buy Closed Casino
ATLANTIC CITY, N.J. — (Associated Press) - A Florida developer has offered $90 million for the Revel Casino Hotel that shut down last week, lawyers for the resort said Wednesday in court documents.
The casino said in the bankruptcy court filing that Glenn Straub's Polo North Country Club, Inc., made the cash bid for the $2.4 billion resort. The casino also wants a judge to set an auction for Sept. 24 if any higher bids are received by Sept. 23. A bankruptcy court judge would have to approve any sale.
Trump in Other Battles to Get Name Off of Troubled Properties
Real Estate tycoon Donald Trump recently sued to get his name off of two troubled Atlantic City casinos, the Trump Plaza and the Trump Taj Mahal. This wouldn’t be the first time the Donald has been embroiled in lawsuits to disassociate himself with properties that feature his name.
Trump had previously aligned himself with one Jody Kriss, licensing his name to a failed development in South Florida, The Trump International Hotel & Tower.
That lawsuit turned ugly though a judge eventually found Trump “not guilty” of deceiving potential buyers.
Christie, Sandoval Talk Combining Online Poker Players: No Sports Bets at Caesars
New Jersey Governor Chris Christie told the Las Vegas Review-Journal that he and Nevada Governor Brian Sandoval discussed possibly combining both states online poker player pools during a gaming conference in the Garden State on Monday.
Bookmaking Outsourcing at $10 Per Head
PayPerHeadAgents.com has just moved into a new state-of-the-art facility and are offering a bookmaking outsourcing package that starts as low as $10 per head (*Prices vary based on service options).
PayPerHeadAgents.com is heavily pushing its online casino platform with the understanding that it is the casino that helps supplement bookie revenues.
New Jersey’s Monmouth Park Racetrack to Begin Taking Sports Bets on Sunday
Within hours after Gambling911.com first broke the news that New Jersey’s Attorney General, John Hoffman, issued a directive no longer enforcing the prohibition of sports betting in that state, one of New Jersey’s largest race tracks announced it intends to start taking sports wagers as early as this Sunday.
Breaking News: Trump Atlantic City Casinos File for Bankruptcy, Taj Could Close
ATLANTIC CITY, N.J. (Associated Press) — Trump Entertainment Resorts filed for bankruptcy Tuesday and threatened to shut down the Taj Mahal Casino Resort, which would make it the fifth Atlantic City casino to close this year.
