Gambling
Las Vegas Drags Down State Overall Gambling Numbers
LAS VEGAS — (Associated Press) - Nevada's casinos won $916 million in February, but it was less than they won a year ago and still a ways from the state's more than $1 billion winning high-point two years ago.
The Las Vegas Strip lagged, dragging down the state's overall numbers.
The Nevada Gaming Control Board released its latest statistics Tuesday. They showed the amount casinos won from gamblers rose everywhere except the Strip, where winnings declined 4.38 percent to $531 million.
Morgan Stanley Cuts Online Gambling Estimate in Half
ATLANTIC CITY, N.J. (Associated Press) — Morgan Stanley has cut its estimate of the potential U.S. Internet gambling market by nearly half.
The firm now estimates the nationwide online betting market at $2.7 billion by 2020, down from an initial estimate of $5 billion.
In a report issue Tuesday, the firm predicts no additional states will approve Internet gambling this year, but foresees California, Pennsylvania, New York and Illinois getting into the game within a few years.
Nevada Lawmakers to Soon Decide on Academy Awards, Olympics Betting
LAS VEGAS, Nev. – (Associated Press) - Olympic fans visiting Nevada during the 2016 games in Rio de Janeiro might get to do something that hasn't been done in Sin City for years: Make a wager on who wins a medal.
Whether its archery or synchronized swimming, a casino operator and several sports books are lobbying Nevada gambling officials to allow betting on the Olympics.
They also want a change in the law that could allow bets on nonsporting events such as the Academy Awards, the most valuable player in Major League Baseball, or even "American Idol."
D Las Vegas Owner Bet $1 Million on MSU Spartans
D Las Vegas owner Derek Stevens has $1 million riding on the Michigan State Spartans to win this year’s NCAA Men’s Basketball Tournament.
The bet was placed on December 5 prior to MSU’s loss to Texas Southern and before going 4-3 during their Big Ten schedule. The Spartans also lost at home to Illinois and Minnesota.
Casino Gambling in Japan Suffers Another Blow as Bill to be Delayed
(Reuters) - Prospects for legalising casino gambling in Japan suffered another blow on Monday as proponents said they would delay a bill allowing "integrated resorts", as the ruling coalition remains divided on the controversial measure.
Pro-casino lawmakers had said last week they would resubmit a previously failed bill by Tuesday, the end of the fiscal year. But they backed away from that plan on Monday as efforts continued to get the backing of the junior partner in Prime Minister Shinzo Abe's coalition.
MGM Blocking Other Vegas Hotels From Showing Mayweather-Pacquiao Fight
The MGM Grand will be hosting the biggest boxing event in more than a decade – Mayweather-Pacquiao – May 2. But if you plan on being in Vegas to watch the fight from another hotel/casino property that does not contain the MGM name, good luck.
Participants, Organizers Talk First Ever Daily Fantasy Sports Expo (Video)
The first ever Daily Fantasy Sports Expo has an entire industry excited. Hundreds of company executives, investors, attorneys and players will be congregating in sunny South Beach this August 6-7 to take part in this event.
Gambling911.com is a premiere sponsor and promoter for the event with Publisher Chris Costigan discussing the importance of attending for those who have even the slightest interest in Daily Fantasy Sports.
666Bet.com Director Arrested as Part of Fraud Probe: Site Goes Offline
Paul Bell, a director of 666Bet, has been arrested as part of a joint money-laundering investigation by HM Revenue & Customs and the National Crime Agency.
The initial arrest occurred last week at London’s Heathrow Airport. Bell was re-arrested on the Isle of Man upon landing in his private jet.
While the firm’s license has now been suspended and the site remains offline, a spokesperson insists the probe had nothing to do with 666Bet.com.
Duke Last Second Free Throw After Buzzer Sounds Costs Some Books Big Time
(Associated Press) - Think that last free throw was meaningless for Duke as it beat Utah in the Sweet 16? Thousands of gamblers in Las Vegas disagree.
The free throw allowed the top-seeded Blue Devils to cover a 5 1/2-point spread on Friday night, topping the Utes by 6 at 63-57 and flipping wagers on a game many thought was already over.
Casino Listings’ Jackpot Tracker Gets the Scoop on Jackpot Wins
March has been a very busy month for online betting information site CasinoListings.com, as the site’s exclusive jackpot tracker has broken news of no less than eighteen progressive jackpot wins in excess of $100,000. The jackpot tracker, which was developed by the Casino Listings’ owner, checks up on the value of more than 640 progressive jackpots available to be won at various online casinos.
Wizard of Vegas Releases Introductory Advantage Play Guide
Gambling information website Wizard of Vegas has announced the publishing of their latest educational article, Introductory Advantage Play, giving players the information they need to help gain an edge at the casino.
The article is the first in a series of informational articles, which will help spell out exactly what advantage play is, some of the misconceptions behind advantage play, and tackling the various promotions and games that advantage players use to try and make money.
Just How Big is Daily Fantasy Sports: Researchers, Numbers Crunchers Reveal All
ANAHEIM, Calif. -- There's an explosion of fantasy sports leagues in the USA right now, and with that explosion comes the need to track the trends that fuel it.
That's where Eilers Research, LLC comes in. (They will be appearing at the first ever Daily Fantasy Sports Expo in Miami Beach this August 6-7, 2015.)
Huffington Post: Adelson-Backed Bill Splits Republican Party
Huffington Post on Thursday night cast doubt on the passage of Restore America’s Wire Act (RAWA), a Sheldon Adelson-backed bill, following a hearing before the House Judiciary subcommittee on Wednesday.
Adelson is one of the GOP’s biggest donors but many Republicans are against the legislation.
Another Suspect Pleads Guilty in 44Wager.com Bookmaking Case
Salvatore Ferraioli, 33, of Staten Island, NY, pleaded guilty Wednesday in Hartford federal court to a federal tax charge stemming from his involvement in a sports betting ring with ties to Costa Rica.
Marlins Jarred Cosart Stunned by Gambling Probe: Twitter Account Analyzed
JUPITER, Fla. (Associated Press) — Miami Marlins pitcher Jarred Cosart said Major League Baseball is reviewing his deleted Twitter account as part of an investigation into gambling-related tweets posted there and he is cooperating with the investigation.
Ifrah Law Wins Dismissal With Prejudice in PokerStars Illinois Class Actions
WASHINGTON — Ifrah Law PLLC, a Washington, D.C.-based law firm focused on complex civil and criminal litigation, won dismissals yesterday in two attempted class actions against PokerStars, the world’s largest publicly traded gaming company.
Judge David R. Herndon granted the motion to dismiss a second amended complaint filed by Kelly Sonneberg and Casey Sonnenberg, while simultaneously dismissing a companion claim brought by the same law firm by plaintiff Daniel and Judy Fahrner against PokerStars’ sister operator Full Tilt.
BetOnline Becomes The Latest Big Online Sportsbook to Introduce Bitcoin
With the start of the NCAA Tournament last week, online betting giant BetOnline.ag saw more March Madness players in on the action than ever before.
Miami Marlins Player Jarred Cosart Under Investigation for Gambling Tweets
MIAMI (Associated Press) — Miami Marlins pitcher Jarred Cosart is being investigated by Major League Baseball for online comments he may have made about gambling.
Marlins spokesman Matt Roebuck confirmed the investigation in a statement Wednesday but declined further comment.
RAWA Hearing: Ignorant Leading the Blind, Ban Fantasy Sports, PPA Funded by Terrorists
A House Judiciary Committee hearing on pending legislation – the Restore Americas Wire Act – has gone according to plan based on the witness list consisting almost entirely of anti-online gambling zealots.
No need for a transcript. The only thing one needs to know is that online gambling is very, very bad. It’s also the crack cocaine of gambling.
University of Toledo Athletes Get Probation in Point Shaving Scheme
DETROIT (Associated Press) - Two former University of Toledo basketball players have been placed on probation for their role in shaving points for gamblers who bet on games a decade ago.
Sammy Villegas and Anton Currie were sentenced Tuesday in Detroit federal court. They're the first of seven former Rockets who will be sentenced this spring, including three ex-football players.
Bookie Tied to Hockey Player Thomas Vanek Lawyer: ‘NHL Should Investigate Itself’
The lawyer for a long time Rochester, New York area bookie, Paul Borrelli, tells local media the National Hockey League (NHL) may want to investigate itself in light of one player’s ties to his client.
Many Daily Fantasy Sports, Software Companies Attending Fantasy Sports Expo
The first ever Daily Fantasy Sports Expo in Miami Beach is shaping up for quite an impressive debut.
Marc Lesnick, the conference organizer and someone who has regularly put on top trade shows in the world of online gambling and i-Dating, tells Gambling911.com the initial response for this event has been unprecedented.
“We are getting new inquiries to speak on a daily basis,” Lesnick revealed.
MGM Breaks Ground on $800 Million Springfield Mass Casino
(Associated Press) - With confetti and fanfare, MGM officially broke ground Tuesday on an $800 million casino in western Massachusetts that represents the largest economic development project the region has seen in generations.Hundreds attended the ceremony held on a cold but sunny day in front of an old school the casino plans to raze to make way for a parking lot.
The groundbreaking was largely symbolic: Casino officials say there’s more to be done before construction can start in earnest.
Did Sheldon Adelson Buy Committee Hearing?
A hearing to deal with H.R. 707 or Restoration of Americas Wire Act is scheduled to take place March 25. The witness list – All four are pro online gambling prohibition. The backer of said legislation is none other than GOP megadonor and casino billionaire Sheldon Adelson.
Trump Casinos Must Pay Fine for Allowing Underage Gamblers
ATLANTIC CITY, New Jersey — (Associated Press) - Trump Entertainment Resorts has been fined for not notifying the state about a patron who was assaulted at one of its casinos and has to hand over more than $2,600 won by underage gamblers.
The company is forfeiting $2,648 that Trump Plaza won by gamblers later found to be underage. The fines involved 22 players from December 2012 through May 2014. Trump Plaza closed Sept. 16, 2014.
Sheldon Adelson VegasGoblinKing Now on Twitter
Casino kingpin and GOP megadonor Sheldon Adelson is now on Twitter….well sort of.
It turns out a Twitter account was recently opened in his name with the descriptor of “VegasGoblinKing”, enough to realize this is no friendly Twitter account.
Disney, DraftKings Deal Possible But Not Likely
Rumors have been circulating that ESPN and its parent company Disney may be looking to back one of the largest daily fantasy sports sites Draftkings. The odds of this happening: Not likely.
Federal Judge to Decide Fate of Poker Pro Paul Phua in FBI Ruse Case
LAS VEGAS (Associated Press) -- A federal judge in Las Vegas could decide the fate of an illegal gambling case against a wealthy Malaysian businessman who says the FBI violated his rights by posing as Internet repairmen to get into his hotel room during the FIFA World Cup last summer.
Defense attorneys for Wei Seng "Paul" Phua want U.S. District Judge Andrew Gordon on Monday to accept a magistrate judge's recommendation to throw out evidence obtained by deceiving a judge who issued a search warrant.
Vegas Bettor Wins Big on UAB and Georgia State Money Lines
An unidentified bettor at Las Vegas' SLS casino picked both Georgia State and UAB on the money line, ESPN.com is reporting.
On Wednesday night, the bettor plopped down $300 on UAB to win straight-up at plus-900 odds and $425 on Georgia State at plus-375.
Combined, the tickets paid close to $4,600.
Gamblers in Unshuffled Cards Case: Let Us Keep the Money
ATLANTIC CITY, N.J. (Associated Press) — Gamblers who have been ordered to return $1.5 million they won at an Atlantic City casino that unknowingly used unshuffled cards asked a judge on Friday to let them keep the money.
The 14 gamblers say they won the money through no fault of their own playing mini-baccarat at the Golden Nugget in April 2012. They say that if the ruling stands, it would send a chilling message to the gambling public that no jackpot is ever safe.
