Gambling
In British Vote Too Tight to Call, Gamblers Seek the $150 Million Answer
(Reuters) - If Prime Minister David Cameron forms Britain's next government after the tightest election in a generation, it will not just be the Conservative Party leader who will be smiling. Scott Moorhead will be laughing all the way to the bank.
As part of a record 100 million pounds expected to be gambled on the British election, Moorhead stands to win 250 pounds on a 500 pound bet that the Conservatives will win most parliamentary seats in the May 7 election.
PokerStars Parent Company Amaya Trading Probe Details Emerge
Parent company to the world’s largest online poker site PokerStars, Amaya Gaming has reportedly been the subject of a probe by the Quebec securities regulator Autorité des Marchés Financiers (AMF).
Atlantic City’s Revel Casino Gets Second Life
ATLANTIC CITY, N.J. — (Associated Press) - Revel, the multibillion-dollar resort bust that was once widely viewed as the potential savior of Atlantic City’s struggling casino industry, is getting a second chance as part of a Florida developer’s ambitious plan to remake the East Coast gambling resort into a destination for bettors and tourists alike.
No Resort Casinos Coming to Florida as Bid to do so Ends
TALLAHASSEE, Fla. — (Associated Press) - A push to bring Las Vegas-styled resort casinos to South Florida is once again being rejected by the state Legislature.
The idea was a long shot from the start, but a top House Republican on Tuesday filed a revamped gambling proposal that drops any mention of casinos.
Connecticut Casinos Stand to Lose $570 Million
HARTFORD, Conn. (AP) — The Native American tribes proposing to build new casinos in Connecticut released a report Monday that says new facilities in New York and Massachusetts, if left unchecked, will siphon away $570 million annually in gambling revenue.
The leaders of the Mohegan Tribe and the Mashantucket Pequot Tribal Nation said they were not surprised by the forecast, but they hope the report they commissioned will help inform others including the governor, who has been noncommittal about his position on opening more casinos.
Shooting at Las Vegas M Resort Casino Leaves One Man Dead
A self-inflicted gun wound has left one man dead at the Las Vegas M Resort Casino.
The incident occurred at 4:50 pm Sunday near the casino’s buffet.
Police said one adult who fell while escaping the scene was taken to the hospital with minor injuries. Another person was checked out on scene. A car fire in the casino garage at the exact time of the shooting was also being investigated.
Chairs Go Flying as Dozens Brawl at Resorts World Casino in Queens (Shock Video)
A melee involving dozens of casino patrons turned into an epic brawl at the Resorts World Casino at the Aqueduct Race Track in Queens, New York, all of which was caught on cell phone videos.
The incident occurred at the opening of a Fat Tuesday daiquiri bar within the establishment and quickly escalated into the neighboring food court.
Harry Reid Now Wants Ban on Internet Gambling
One-time Senator Majority Leader Harry Reid has said he will make banning Internet gambling a number one priority during his final years in Congress.
Reid announced he will be retiring at the end of his term in 2016.
The Democrat had previously pushed to have online poker legalized at the federal level.
“Online gaming is not good for our country,” Reid told a Vegas radio show last week.
World Exclusive: Indiana Drops Efforts to Legalize Sports Betting, Fantasy Sports
The State of Indiana is dealing with plenty of issues these days, but two things it won't be dealing with any time soon are sports betting and fantasy sports wagering at the state's casinos.
DraftKings Now Official Daily Fantasy Sports Sponsor of Major League Baseball
With the new Major League Baseball season starting next week, the world’s second largest daily fantasy sports provider, DraftKings, has announced a deal to become MLB’s official DFS sponsor.
Jarred Cosart Emphatic Amidst Probe: ‘I Never Have, Never Will Bet on Baseball
JUPITER, Fla. (Associated Press) — Speaking directly about the topic for the first time since gambling-related tweets appeared on his Twitter account last week, Miami pitcher Jarred Cosart denied ever betting on baseball.
"I never have, never will bet on baseball," Cosart said Wednesday.
Tweets that appeared on Cosart's account discussed gambling advice received from a gambling expert. They did not appear to involve baseball bets.
Cosart briefly addressed the situation last week, stating he was cooperating with Major League Baseball’s investigation.
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.
