Gambling News
2016 Super Bowl Betting Market Fluctuations After Free Agency the Most Fluid Ever
“We don’t remember a day like this where the Super Bowl betting market saw so much change in a short period of time.”
Daily Fantasy Sports Leagues Not Mad for March Madness as Most Shun College Hoops
For the second time this year, fantasy sports leagues will be shut out of the action for a major sporting event.
Last month, none of the leagues weren't able to hold daily fantasy contests for the Super Bowl because Federal law bans fantasy play based on a single game.
This month, most fantasy sports leagues won't be holding any contests in connection with March Madness, the annual NCAA basketball tournament, because most leagues don't get involved with any college sports.
LAPT8 Chile: Oscar Alache Wins His Second LAPT Title in this Country
Oscar Alache lifted his second trophy in the history of Latin American Poker Tour, which only Fabian Ortiz and Nacho Barbero were able to boast about. Alache achieved this at his home country, next to his people and leading a Final table full of experienced poker professionals.
42 Alleged Mobsters Brought Down in Italy
Italian military police, the Carabinieri, have arrested 42 suspected mafia members in the Southern part of the country, it was revealed on Tuesday. The individuals are accused of extorting tens of thousands of euros from businesses.
Homes in 11 provinces were raided as a result of the investigation with the syndicate based out of the village of Casal di Principe near Naples.
Man Involved in Fatal Car Crash After 500,000 Euros Gambling Win Goes on Trial
BERLIN (Associated Press) — A man faces a possible five-year prison sentence for allegedly causing a fatal accident driving the wrong way down a German Autobahn after winning more than 500,000 euros ($537,000) gambling and going on a 36-hour alcohol and cocaine-fueled binge.
The 51-year-old man, identified only as Marko M., went on trial in Wiesbaden state court Tuesday for negligent homicide and six counts of causing bodily harm.
DraftKings May be Off the Hook With Class Action Clause
As reported on the Gambling911.com website and elsewhere, one of the world’s largest daily fantasy websites DraftKings is now the subject of a class action lawsuit claiming false advertising. But the Boston-based company may have an ace up their sleeve according to the legal firm JD Supra.
Senator Pushing for Web Gambling Prohibition has Never Used Email
Republican Senator Lindsey Graham of South Carolina has never used email though he claims to know plenty about the perceived dangers of Web gambling.
Graham is the co-author of legislation that seeks to prohibit most forms of online gambling, though horse racing, most state lotteries and fantasy sports will remain exempt. The bill is backed by GOP mega donor and casino billionaire Sheldon Adelson.
‘Simpsons’ Creator, Poker Pro Sam Simon Succumbs to Cancer
Sam Simon, the colorful creator of the longest running animated series “The Simpsons” has passed away at the age of 59.
2015 PokerStars UK & Ireland Poker Tour Season 5 Dates Set
Following its first stop in London, the PokerStars UK and Ireland Poker Tour (UKIPT) continues Season 5 with a stop at Dusk Till Dawn Casino in Nottingham from April 12th-19th. The tour will then set sail across The Channel in June for a week in the sun at the PokerStars Marbella Festival before it heads back to the nation’s top poker destinations; hitting Bristol, Isle of Man and Edinburgh.
MGM Stock Falling on Macau Concerns
MGM Resorts International shares were down 3.01% to $20.97 in late morning trading Monday as concerns continue over China’s Macau gambling hub taking a revenue hit.
Gaming revenue is forecast to decline on fears of the impact from a crackdown by the Chinese government.
"Macau is in a tough spot. We believe dividends will be slashed across the board," Zhou, analyst Jamie Zhou of the Hong Kong-based firm Macquarie Securities told Bloomberg.
PokerStars Launches MicroMillions 10 Championship
PokerStars.com, an Amaya Inc. (TSX: AYA) company, today announced that the MicroMillions 10 championship, which features 100 events and $5 million in guaranteed prize money, is set to take place from March 19-29.
MicroMillions is the world’s most popular tournament series, which has seen more than one million tournament entries for each championship held to date. Buy-ins for the next series begin at just $0.11 and max out at $22 for the No Limit Hold’em Main Event, which takes place on March 29 at 14.30 ET and features a $1 million guarantee.
Brits Blowing Away £1.7billion on Gambling Machines
The Mail on Sunday this weekend revealed that those living in the UK are spending £1.7billion gambling on fixed-odds betting terminals.
Poker Pro Paul Phua Son Pleads Guilty in World Cup Betting Probe: Was Homesick
LAS VEGAS — (Associated Press) - The son of a wealthy Malaysian businessman accused of running an illegal sports betting ring together during the World Cup has pleaded guilty to a lesser charge in order to return home.
Hillary Clinton US Presidential Odds Impacted by Email Scandal
Lots of changes in the Next US President market with the news of Hillary Clinton’s email scandal surfacing and at Sportsbook.ag, her odds to become the next President in 2016 have just gotten longer.
Nevada Gaming Enforcement Division Confirms Bitcoin Poker Room Seals With Clubs Raid
While Karl Bennison, chief of the Nevada Gaming Enforcement division, confirmed that the board “took part in law enforcement action” related to Seals with Clubs on Feb. 11, it was not immediately clear as to whether that investigation directly tied to the anonymous digital currency Bitcoin or if it involved Seals With Clubs operating from within Nevada.
Paddy Power Reports Record Profits
Ireland’s biggest bookmaker, Paddy Power, has reported some of its biggest profits ever.
Shares in the company continued to surge on news that Paddy claimed €167 million in profits before tax and that it plans to return up to €392 million to shareholders.
The company’s net revenue increased 18% to €882 million with pre-tax profits growing 21% to €167 million. These impressive figures were helped by the number of bets placed at Paddy Power increasing by 16%. Online gambling makes up 77% of its overall business.
Betfair Better Than Expected 3rd Quarter
LONDON, March 5 (Reuters) - Online gambling company Betfair hiked its full-year profit forecast range on Thursday after trading remained strong following a better-than-expected third-quarter, sending its shares sharply higher.
The company, which runs an exchange that allows gamblers to bet against each other, said revenue jumped 20 percent in the three months to Jan. 31, as investment in products and marketing helped increase active customer numbers by half in its core markets, with sports and gaming income up strongly.
Congressman Hit by Sheldon Adelson Wife’s Purse Supports His Gambling Bill
Casino magnate and GOP mega donor Sheldon Adelson has a new ally to support his online gambling prohibition. And that man just happens to be the same Congressman whacked by Adelson’s wife’s purse on Tuesday.
It’s none other than Rep. Brad Ashford (D-Neb), only a small handful of individuals supporting the legislation.
Netanyahu 81 Percent Odds of Being Re-Elected Israel Prime Minister
Online prediction website PredictIt.org has given Benjamin Netanyahu an 81% chance of being re-elected Prime Minister of Israel.
The site sets its odds based on public volume coming in on either side of a particular bet offer.
Head's Up: Doyle Brunson Survives Surgery
Iron clad poker legend Doyle Brunson underwent successful surgery over the weekend to have cancer removed from his head.
He tweeted Monday:
Italian Police Arrest Mobster Hiding Inside Sofa
An Italian Mafia boss on the run since April 2013 was arrested Wednesday after engaging in a chase with officers. The mobster was found hiding inside a sofa.
63-year-old Vincenzo Pariante was convicted in absentia and sentenced to life imprisonment for commissioning the 2004 murder of two other mobsters from a rival clan.
Macau’s Gambling Woes are a Win for Wynn
Despite the highly publicized corruption crackdown that has left the gambling hub of Macau nearly in tatters, one casino group operating there will benefit to the tune of $511 million.
That is the amount the Chinese subsidiary of Wynn Resorts Ltd. plans to issue in the form of a special stock dividend this month, according to Howard Stutz of the Las Vegas Review Journal.
More Time Permitted for Revel Casino to Seek Higher Bids
CAMDEN, New Jersey — (Associated Press) - A bankruptcy court judge says more time is needed to seek higher bids for Atlantic City's former Revel Casino Hotel.
Judge Gloria Burns delayed a decision Wednesday on the proposed $82 million sale of the shuttered gambling hall to Florida developer Glenn Straub. She did so after Los Angeles developer Izek Shomof expressed interest in buying Revel, but for $2 million less.
The $2.4 billion casino closed in September after just over two years of operation, during which it never turned a profit.
Brisk Early Betting Reported in Vegas on Pacquiao-Mayweather Fight
LAS VEGAS – (Associated Press) - Manny Pacquiao has always believed he can do what 47 other fighters before him have failed to do -- beat Floyd Mayweather Jr. in the ring.
Turns out a lot of other people are believers too. And they are backing their opinions with money.
U.S. Government Blames Iran for Hack of Sands Casino Websites
Senior government officials have reportedly linked Iran to a hacking attack on the Sands Casino websites last year.
Hackers knocked all of the Sands websites offline and published sensitive personal information about Sands employees including their social security numbers in February of 2014. The sites remained down for over a week.
Record Numbers Reported at Americas Cardroom During Month of February
Though February was the shortest month of the year it didn’t stop Americas Cardroom (ACR) from having its biggest month ever. ACR delivered on its promise to players to host Winning Millions, the online poker site's $1,000,000 GTD poker tournament as a finale to their biggest online tournament series to date.
Hearing on RAWA Internet Gambling Prohibition Bill Postponed
A House Sub Committee hearing on Internet gambling prohibition scheduled for this Thursday has been postponed due to anticipated inclement weather.
Three Florida Men Convicted in Connection With Legends Sports Case
Three individuals from Florida have been convicted in Oklahoma City for their role in running what federal prosecutors called a billion dollar illegal sports betting enterprise run out of Panama City, Panama.
Hooters Poker Room in Vegas Goes Tits Up
Say “Goodbye” to another Las Vegas poker room.
The Hooters poker room is the latest to shut its doors.
Located at the intersection of Tropicana and Las Vegas Blvd, the two-table room often had little if any action.
Casino Revenue in Macau Plunges Nearly in Half During February
HONG KONG (Associated Press) — Casino revenue in the world gambling capital of Macau plunged by nearly half last month as fewer mainland Chinese high-rollers visited during the busy Lunar New Year holiday.
Data posted on the gambling regulator's website Tuesday show that February's gross gambling revenue fell by 48.6 percent from a year earlier, the biggest monthly decline on record.
It's the ninth straight month that gambling revenue has declined in Macau.
