Gambling

How Bitcoin Works

What is Bitcoin? How do they work? Why they are gaining so much popularity? These are some questions which come into mind when we talk about Bitcoins. Bitcoins are a form of currency which is decentralized. Means that Bitcoins are crypto currency and government does not regulate them nor any financial institutions are involved. Bitcoins are preferred by most of people; the reason being it does not require any paperwork and long formalities like presenting ID proof and other documents as we need to open a bank account.

Submitted by Payton on, Aug/25/2015

Caesars Entertainment to Pay $20 Million to Settle Anti-Money Laundering Lapses

Caesars Entertainment has agreed to pay $20 million to settle U.S. charges related to anti-money laundering lapses, it was revealed this week.

From the St. Louis Post-Dispatch:

Submitted by Aaron Goldstein on, Aug/24/2015

DraftKings Teams Up With Bad Boy Dan Bilzerian: Let Them Eat Unicorn Cake

One of the behemoths in Daily Fantasy Sports, DraftKings.com, has decided to team up with one of poker’s most colorful characters, Dan Bilzerian. 

Submitted by Nagesh Rath on, Aug/24/2015

Bookies Behaving Badly Part 2: This Cross Dresser Once Feasted on Cocaine

There is a bookie in Costa Rica who was one of the first to settle there at the time this Central American nation was becoming a haven for the world’s sharpest bookmakers.  He had a secret that didn’t stay a secret for very long....nor did he seem to try to conceal it.

He was a bookie behaving badly.

Submitted by Jagajeet Chiba on, Aug/23/2015

Shocking Mob Funeral: ‘You Conquered Rome, Now You’ll Conquer Paradise’

It was a funeral like no other: flowers thrown from a hovering helicopter, horse drawn carriages and “Godfather’ songs blaring from speakers.  You would have thought it was a wedding.

Mourners were left horrified at the funeral of Italian mobster Vittorio Casamonica, 65, a marginal member of the local Casamonica family.  Now the Mayor of Rome, where the observances took place, wants to know how this could have happened.

Submitted by Jagajeet Chiba on, Aug/22/2015

Malta Changes Online Gambling Policies in Light of Recent Raids, Scandal

The Maltese Government will begin to embrace new policies pertaining to its lucrative online gambling sector following a series of arrests and controversies.

Malta last year requested an opinion from the European Court of Justice pertaining to the Manipulation of Sports Competitions but have now decided to take on a different approach. 

From Online-Casinos.org:

Submitted by C Costigan on, Aug/22/2015

Judicial Watch Files Lawsuit Against DOJ Over Wire Act Opinion

The right-wing watchdog group Judicial Watch has filed a lawsuit against the Department of Justice, claiming it has failed to cooperate with a Freedom of Information Act (FOIA) request filed last year.

Submitted by Gilbert Horowitz on, Aug/21/2015

Macau Gambling Stocks Plunge 40 Percent First Half of Year: Dow Drop 530 Points

The Macau gambling sector has taken a major hit over the past six months with shares plunging by as much as 40% across the board.

BetOnline

Submitted by Aaron Goldstein on, Aug/21/2015

Oklahoma State Senator Who Stole $1.8 Mil Resigns: Recovering Gambling Addict

TULSA, Okla. (Associated Press) — A two-term Oklahoma state senator admitted in federal court Thursday that he stole $1.8 million from the nonprofit agency where he worked and filed a false tax return.

BetOnline

Submitted by Associated Press on, Aug/20/2015

GVC Holdings Once Again Increases Offer for Bwin.party: Talks ‘Very Positive’

(Reuters) - British online gambling company GVC Holdings Plc may increase its offer for rival Bwin.party Digital Entertainment Plc for a third time, a source close to GVC said on Thursday.

The source said GVC and Bwin had been in talks over the past week and that Bwin's response had been "very positive".

The talks centred around synergies between the two companies, according to the source, who declined to be identified because the matter is confidential.

Submitted by Reuters on, Aug/20/2015

How Not to Get Screwed by Your Pay Per Head Service

For those bookies and agents looking to avoid being screwed by their Pay Per Head service, there are a number of steps that should be followed prior to the selection process.

Submitted by Jagajeet Chiba on, Aug/19/2015

Jared Fogle Future Betting Off Limits But NFL Player Arrests Wagers are Available

Many folks have been inquiring as to when online gambling sites intend to begin offering betting odds on Jared Fogle, the longtime former Subway spokesperson who plead guilty Wednesday to charges of distributing child pornography and illicit sexual conduct with a minor.

Submitted by Alejandro Botticelli on, Aug/19/2015

Real Time Fantasy Sports Imminent Claims ESPN

ESPN.com this week reveals that real time fantasy sports isn’t just a fantasy, it’s imminent.

They should know.  The sports media group last month entered into a multi-million dollar partnership deal with one of the largest Daily Fantasy Sports sites DraftKings.com.

Submitted by Don Shapiro on, Aug/19/2015

China Arrests 15,000 on Suspicion of Cybercrimes, Including Gambling

BEIJING (Associated Press) — Chinese police have arrested 15,000 people on suspicion of cybercrimes as the government tightens its control over the Internet, the Ministry of Public Security said Tuesday.

BetOnline

Submitted by Associated Press on, Aug/18/2015

Ben Affleck Former Nanny Takes Private Jet Trip to Vegas With Boss, Tom Brady

The former nanny of “Batman” star Ben Affleck reportedly took a trip to Las Vegas with her boss and New England starting quarterback Tom Brady.

The proof appears on Christine Ouzounian’s four fingers, each of which is fitted with one of Brady’s Super Bowl championship rings.  The photo was obtained exclusively by the New York Post.

Submitted by Jagajeet Chiba on, Aug/18/2015

New Video Set to Expose Sheldon Adelson, US Presidential Hopeful Lindsey Graham

A new video is set to premier on The Tim James Show which looks to expose the hypocrisy of casino magnate Sheldon Adelson and his push to prohibit online gambling.

Adelson is the brainchild behind legislation introduced by South Carolina Republican Senator and U.S. Presidential hopeful Lindsey Graham as well as Utah Republican Representative Jason Chaffetz.

Submitted by Ace King on, Aug/18/2015

PayPerHead.com Extends Their Insane Summer Promos Due to Popular Demand

Payperhead.com today have announced that they are extending their popular summer promotion until September 10th.

Submitted by Payton on, Aug/17/2015

Forbes: How Wall Street Money Transformed Online Gambling

On Monday, Forbes.com put out a report describing how activist Wall Street investor Jason Ader has transformed the face of online gambling in recent years.

Submitted by Aaron Goldstein on, Aug/17/2015

Footballer Dominic Matteo Declares Bankruptcy, Amasses £1mil in Gambling Debts

A former Liverpool and Leeds footballer Dominic Matteo has declared bankruptcy after accumulating more than £1million in gambling debts.

The news comes after an insolvency service in Yorkshire obtained an order against Matteo, who admitted to having a gambling problem back in 2011. 

Submitted by Alistair Prescott on, Aug/17/2015

DraftKings Obtains UK Gaming License: Appoints Former Bwin.Party Exec as CIO

In a press release issued Monday morning, one of the world’s leading Daily Fantasy Sports sites, DraftKings, announced it had obtained a gaming license in the United Kingdom and plans to go live by the 4th quarter of this year.

Submitted by Dan Shapiro on, Aug/17/2015

Phil Ivey Strong Case Against Casino: Admits It Destroyed Suspect Cards

ATLANTIC CITY – (Associated Press) - A New Jersey casino destroyed playing cards involved in a lawsuit against a professional gambler it says cheated it out of $9.6 million, but only as part of its routine business practices and before it knew of the alleged scheme, according to a legal filing Friday.

Submitted by Associated Press on, Aug/15/2015

Mob Rat Turns Dog Trainer for Disabled Vets

Mob rat Salvatore (Sammy Bull) Gravano, now serving 20 years in prison on a drug conviction, is attempting to get his sentenced reduced by training dogs for disabled vets.   

The former Gambino underboss, now 70, had his attorney Thomas Farinella present papers in Brooklyn Federal Court to demonstrate the good work he has done while in prison.  

Submitted by Jagajeet Chiba on, Aug/14/2015

Man Admits Bringing Counterfeit Chips to Casino Then Flushing Them Down Toilet

ATLANTIC CITY, N.J. — (Associated Press) - A man admitted Thursday that he brought millions of dollars in counterfeit poker chips to use in a casino's poker tournament, a scheme that was uncovered when he clogged a pipe by flushing the chips down the toilet in his hotel room.

Submitted by Associated Press on, Aug/14/2015

Corner Bookie Could Become Extinct Like the Dodo Bird Thanks to Augur

The local corner bookie may soon be gone thanks to the fall introduction of Augur.  And it’s not just the local bookmaker who needs to worry.  Vegas and the online operators have something to fear as well.

What’s Augur?

Submitted by Aaron Goldstein on, Aug/14/2015

Phil Mickelson, Billy Walters ‘Insider Trading’ Probe Continues

An FBI and SEC investigation is ongoing as to whether golfer Phil Mickelson received insider trading tips from Nevada-based professional sports bettor Billy Walters.

Submitted by Jagajeet Chiba on, Aug/13/2015

PokerStars Parent Company Amaya Acquires Daily Fantasy Sports Site Victiv

Amaya Gaming announced Friday morning it has acquired Austin, Texas-based Daily Fantasy Sports site Victiv.com, a company that itself was founded by former poker players.

Submitted by Aaron Goldstein on, Aug/13/2015

Gambler Hits Two Huge Parlays at BetOnline: Wins Nearly $200K

Talk about a massive win betting on a series of games. One player at BetOnline.ag just won two huge parlays, each with a risk of $1000 and $4810, respectively.

Submitted by C Costigan on, Aug/12/2015

Bitcoin Hot With Chinese Gamblers, Bookies, Pay Per Heads

Ever since adding the anonymous digital currency Bitcoin, Pay Per Head service PayPerHeadAgents.com says its business has increased.  Nowhere is this more obvious than with the Chinese gambler.

It's all "about trading, about volatility, about making a profit -- buy low, sell high," said Bobby Lee, CEO of BTCChina, the world's largest Bitcoin exchange.

Submitted by Aaron Goldstein on, Aug/12/2015

Pay Per Head is All About Lines

There are many moving parts in a successful pay per head business such as software, hardware, infrastructure, backup systems, wagering clerks, payment options… but the MVP at the end of the day is lines.

Submitted by Payton on, Aug/12/2015

Casino Revenues Finally Up in Atlantic City

(Associated Press) - Data released Wednesday by New Jersey regulators shows the casinos won $257.5 million from gamblers last month, compared to $238.3 million in July 2014. The numbers were aided by $12.5 million in Internet gambling winnings, an increase of more than 24 percent over July 2014.

But when the four casinos that were operating in July 2014 that have since closed are included in the calculations, the July 2015 casino revenue fell 6.1 percent from a year ago.

Submitted by Associated Press on, Aug/12/2015

Breaking News

Say No to Sportsbook Blacklist

Since Gambling911.com revealed that seven sportsbooks had gotten together to share player information, everybody in the industry is talking.

Online Slots With The Highest Payout Rates

If you are into online casino slots, don’t just play any games you stumble across after you open the lobby. Also, choosing an online slot by design or theme is not a good idea. If you want to not only have fun playing but also hit some wins, make sure you choose the right games.

How to Withdraw Funds From Online Casinos?

Navigating the world of online gambling, especially when it comes to withdrawing your winnings, can seem daunting at first. However, with the right knowledge and understanding, the process can be smooth and secure.