Gambling News

Man Accused of Spending $250K on State Credit Card to Fund Gambling

FALLON, Nev. (Associated Press) — A Nevada Department of Transportation employee in Fallon has been charged with using a state credit card to support his gambling habit.

Tal Pierre Smith is accused of using the credit card to buy about $250,000 worth of items he later pawned or sold to pay for the activity.

A six-count indictment was filed against Smith this week in New River Township Justice Court in Fallon, the Nevada Appeal reported.

Submitted by Associated Press on, Mon, 04/14/2014 - 14:47

Why Billionaire Sheldon Adelson Doesn’t Have Enough Money to Stop Online Gambling

Slate featured an article Monday morning suggesting that casino billionaire Sheldon Adelson does not have enough money to stop Internet gambling.

Submitted by Ace King on, Mon, 04/14/2014 - 12:58

Phil Ivey Gets Support From Poker Community in Wake of Borgata Allegations, Suit

The poker community by and large voiced support for one of the game’s most recognized players, Phil Ivey, following allegations by Atlantic City’s Borgata Hotel and Casino that he had taken advantage of card defects during games of baccarat.

Submitted by Ace King on, Mon, 04/14/2014 - 10:42

32Red Sign Rangers FC Shirt Sponsorship Deal but Shares Slump on Day’s Trading

Online gambling firm 32Red announced Monday a new shirt sponsorship deal with the Rangers Football Club, which will run the course of three years.

Despite the good news, shares in the company dipped 6% on the day’s trading. It was not immediately clear what caused the slump.

Ed Ware, Chief Executive Officer, said: "We are delighted to be working with Rangers Football Club and look forward to being part of the continued rise and return of the Club.

Submitted by Aaron Goldstein on, Mon, 04/14/2014 - 09:58

Marcello Miniucchi Leads Final Nine in EPT SanRemo Main Event IPT High Roller

Marcello Miniucchi is the current chip leader with 4,540,000 in the €770 IPT Sanremo Main Event which has stopped play tonight with an unofficial final table of nine players.

Submitted by Press Release on, Sun, 04/13/2014 - 20:59

Where Can I Gamble Online From Denmark? ISP’s Ordered to Block Some Sites

Denmark is the latest country to begin blogging what it deems to be “illegal” online gambling sites, essentially those that are not licensed by the Danish government.

Submitted by Ace King on, Sun, 04/13/2014 - 11:30

Is the Tropicana Buying the Sands Casino Bethlehem? Rumors Run Rampant

All of Eastern Pennsylvania is abuzz with the news that the famed Tropicana Hotel and Casino, a staple in Atlantic City, could be about to buy the Sands Casino Resort in Bethlehem.

Principals from both companies have declined comment when approached by the regional paper the Morning Call.

Submitted by Aaron Goldstein on, Sun, 04/13/2014 - 00:05

iGame and Plus One Dreams Online Gambling Firms Merge

Two Finnish online gambling firms based out of Malta have announced a merger in an effort to better compete with the likes of fellow Scandinavian wagering companies Betsson and Unibet. The combined company will use the iGame name.

Submitted by Aaron Goldstein on, Sat, 04/12/2014 - 12:15

Poker Pro Phil Ivey Sued by Borgata for Nearly $10 Mil Over Playing Card Scam

Poker pro Phil Ivey is being used by Atlantic City’s Borgata Hotel and Casino over an alleged playing card scam.

The suit is asking for $9.8 million claiming fraudulent winnings during a series of visits to the casino in 2012.

Submitted by Ace King on, Fri, 04/11/2014 - 22:16

Casino Magnate Sheldon Adelson Gives Israel $16.4 million to Go to Moon

Casino billionaire, GOP mega donor and friend to Israel, Sheldon Adelson, has just donated $16.4 million to that country so it could become only the 4^th nation to land on the moon.

Submitted by Jagajeet Chiba on, Fri, 04/11/2014 - 09:53

Which Online Poker Rooms Welcome Grinders: A Look at Americas Cardroom

San Jose, Costa Rica – Poker players who love to grind have suddenly been shunned by recent changes in the poker landscape. Some US-friendly poker sites are reducing the number of tables during multi-table play leaving a bad taste in the mouths of players and drastically affecting their earning potential. One online poker site has responded by letting the world know that it's business as usual.

Submitted by Press Release on, Thu, 04/10/2014 - 23:33

How Do I Become a Bookie? Build Volume, Love Your Customer and Play Golf

How does one become a bookie, you might be asking? Or do you really want to be a bookie?

It doesn’t matter the time of year, gamblers will always find something to bet on and bookies…well…they will always be lining their pockets (since the house never loses). So, yes, becoming a bookie can be a lucrative business.

Submitted by Ean Lamb on, Thu, 04/10/2014 - 23:22

Poker Pro Cyril Mouly, Murdered Driver Were on Trial for Fraud

A 38-year-old French poker player who claimed he and his driver were attacked by two masked assailants upon leaving a poker game was arrested in 2011 and charged with fraud.

Submitted by Ace King on, Thu, 04/10/2014 - 22:48

French Poker Pro Cyril Mouly Attacked by Masked Men: Driver Killed

French poker player Cyril Mouly was brutally attacked after leaving a Paris tournament Tuesday night.

Submitted by Ace King on, Thu, 04/10/2014 - 14:54

New Jersey Online Gambling Revenue Estimates Dip Further

Casinos in New Jersey rounded off the month of February with a total revenue of $412.2 million from both iGaming and sports betting activities in the state.

Submitted by Payton on, Thu, 04/10/2014 - 09:27

Reverend Al Sharpton a One-Time Mafia Associate? Was FBI Informant (Video)

A damning report on TheSmokingGun.com suggests that MSNBC host, the Reverend Al Sharpton, was once a Mob associate-turned FBI snitch.

Submitted by Jagajeet Chiba on, Wed, 04/09/2014 - 23:33

G911 Talks to Jeopardy Champ Arthur Chu, His Love for Gambling and Death Threats

Arthur Chu has turned the art of wagering into a science, and from it has earned a whopping $300,000!

The 30-year-old Cleveland native and first-generation Chinese-American last month won 10 straight games on the popular TV game show Jeopardy! to become the third-biggest money-winner in the 50-year history of the show (he lost his 11th game and earned a total of $298,200).

Submitted by Thomas Somach on, Wed, 04/09/2014 - 22:40

Ladbrokes Buys Australian Betting Firm BetStar

(Reuters) - Bookmaker Ladbrokes (LAD.L), facing regulatory and tax pressures in its British home market, has expanded its Australian business by buying online betting company Betstar for 12.4 million pounds.

The deal announced by Ladbrokes on Wednesday follows a similar-sized acquisition last September when Ladbrokes - Britain's second-biggest bookmaker - bought online company Bookmaker.com.au and launched a website in Australia.

Submitted by Reuters on, Wed, 04/09/2014 - 20:36

Activist Investor at Bwin.Party Questions Chairman Appointment

Jason Ader, the activist investor who works extensively in gaming, continues to make waves in the industry. As featured today in the Daily Telegraph, New York-based Ader feels bwin.party is tremendously undervalued.
Ader has reportedly told confidants that bwin needs some changes to meet its full potential in the gaming arena.

Submitted by Aaron Goldstein on, Wed, 04/09/2014 - 17:14

GVC Looks Towards More Acquisitions Following Sportingbet Success

(Reuters) - GVC is looking at further acquisitions after turning around the Sportingbet businesses it acquired last year, the online gambling company said on Wednesday.

GVC, one of the smaller players in the sector and listed on the AIM stock market, said operating profit more than doubled to 38.3 million euros ($52.8 million) in 2013, boosted by moving Sportingbet into the black.

"We are now ready for the next stage in our corporate development and further geographic expansion through organic growth and acquisitions," Chief Executive Kenneth Alexander said.

Submitted by Reuters on, Wed, 04/09/2014 - 11:24

Online Super Series III Pays Out a Record $1,176,445 in Prize Money

It's not just the upcoming LSOP Millions II that has online poker players excited about the concept of a million bucks. Leading online poker site Americas Cardroom today announced that its $900,000 online poker series paid out nearly $300,000 more than what had been guaranteed, handing out a record $1,176,445 in prize money.

Submitted by Press Release on, Tue, 04/08/2014 - 21:05

Intrade Co-Founder Brings Back TradeSports Prediction Market Platform

Originally debuting as TradeSports, the now defunct Intrade is being reincarnated using the original branding strategy.

Intrade Co-founder Ron Bernstein is starting a test phase for his company on Monday (April 14, 2014).

“Sports are always going to be the best laboratory for prediction markets,” he says. “All those things now are just recorded and data-mined and discussed.”

Submitted by Aaron Goldstein on, Tue, 04/08/2014 - 20:51

Borgata Using High Tech Chips at Spring Open in Wake of Scandal

ATLANTIC CITY, N.J. (Associated Press) — A cheating scandal at a casino poker tournament has led to new security measures, including chips that are more intricate, have more colors and include an authentication element that can be checked under ultraviolet light.

The Borgata Hotel Casino & Spa told The Associated Press it was using new chips for its Spring Open poker tournament that began Tuesday.

Submitted by Associated Press on, Tue, 04/08/2014 - 16:20

Technical Error at PokerStars Causes Massive Overlay for Tournament

The world’s leading real money online poker site, PokerStars, is blaming a technical error for a massive overlay in its Sunday $500,000 guarantee tournament. Less than half of that sum had already been generated prior to PokerStars abruptly shutting down the tournament for late registrations.

Submitted by Ace King on, Tue, 04/08/2014 - 10:53

Brain Part That Causes Gambling Addiction Found

Cambridge scientists have discovered that the activation of a part of the brain called insula is responsible for gambling addiction as part of an earth-shattering study that could ultimately reduce such addiction.

Submitted by Jagajeet Chiba on, Tue, 04/08/2014 - 10:35

You Can Really Bet on WWE Wrestling? Bookie Gets Crushed by Lesnar Win

Online bookmaker Bovada.lv is likely regretting the decision to start taking bets on WWE Wrestling, and more specifically WrestleMania.

Sunday night the book got crushed by two big underdogs winning their respective matchups, a rarity in professional wrestling.

Submitted by Ean Lamb on, Mon, 04/07/2014 - 21:37

Seminole Hard Rock Tampa Summer Poker Open Tournament Series Announced

Scheduled for May 29 to June 18, 2014, the Seminole Hard Rock Tampa Summer Poker Open Tournament Series will Feature $1 Million Guaranteed Championship, June 12-18.

Seminole Hard Rock Hotel & Casino Tampa will be hosting the Seminole Hard Rock Tampa Summer Poker Open tournament series, which will feature a $1 million Guaranteed Championship.

Submitted by Press Release on, Mon, 04/07/2014 - 20:46

Atlantic City 2013 Revenue Lowest Since 1989

ATLANTIC CITY, N.J. (Associated Press) - Not even a boost from Internet gambling money and the comparison with an extremely slow period after Superstorm Sandy could prevent Atlantic City's casinos from seeing a big decline in their earnings in 2013.

The casinos saw their gross operating profits decline by nearly 35 percent last year.

The 12 casinos that operated in 2013 - the Atlantic Club shut down in January of 2014 - posted a collective gross operating profit of $235 million, down from $360 million in 2012.

Submitted by Associated Press on, Mon, 04/07/2014 - 18:50

Playtech Gets ‘Buy’ Rating From 12 Agencies

Online gambling software firm Playtech has received a “buy” rating from 12 different agencies that cover the stock.

From the MidEast Times:

Five equities research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is GBX 816.10 ($13.53).

Submitted by Aaron Goldstein on, Mon, 04/07/2014 - 12:15

Ladbrokes Made £1Billion in One Month From 'Crack Cocaine' of Gambling (Video)

UK Prime Minister David Cameron has announced his administration is about to embark on a crackdown of the so-called “crack cocaine” of gambling, high speed, high stakes gambling machines that have, until now, proven especially profitable for bookmakers.

Just how profitable?

Submitted by Gilbert Horowitz on, Sun, 04/06/2014 - 21:16

Breaking News

Delta to Focus on Premium Flyers Between Atlanta and Las Vegas

A one way flight between Atlanta and Las Vegas for Wednesday December 7. As of August 20, fight class was a mere $609 with just three seats booked. If you think that's expensive, consider that nearly all the other nonstop first class one way flights out of Atlanta were going for $2000!

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