Gambling News
Negreanu, Scott Clements, Ludovic Lacay Still Going Strong at WSOPE 2013
With just 71 players left at press time Monday evening, Daniel Negreanu was among the big names still hanging in there at the 2013 World Series of Poker Europe Main Event (WSOPE).
Some of the biggest money earners including Phil Ivey, Phil Hellmuth and Antonio Esfandiari busted out of this year’s event.
Big international money earners were among the chip leaders heading into the overnight hours Monday.
375 Players Enter 2013 World Series of Poker Europe Main Event
This year's World Series of Poker Europe Main event has 375 entries, a €3.6 million prize pool, and €1 million payout to the champion.
Remaining players from the first two days will be combined to kick off Monday’s play.
Among the more familiar names still taking part: Phil Ivey, Antonio Esfandiari, Phil Hellmuth, Daniel Negreanu, Martin Finger, Max Steinberg, Shannon Shorr and Noah Schwartz.
Niagara Police Can Now Buy New Cars With Gambling Proceeds
NIAGARA FALLS, N.Y. (Associated Press) — A western New York police department can start shopping for patrol vehicles for the first time in five years now that casino gambling payments have been received from the Seneca Nation of Indians.
The Niagara Gazette reports that the Niagara Falls City Council has approved a measure seeking the allocation of $513,000 in casino revenues to buy 19 new police cars. The move will allow the cash-strapped city to essentially replace its entire fleet of overworked police cruisers.
Indianapolis Airport Considering Wireless Gambling Technology
(Associated Press) - Phil Sicuso and Joe Champion say Indianapolis International Airport is well suited for wireless gambling technology that could bring in revenue to support more nonstop flights.
The pair work at Bingham Greenebaum Doll LLP and floated the idea in an article for their firm's newsletter, the Indianapolis Business Journal reported.
Week 8 College Football Upsets Great for the Bookies
Bookies celebrated a series of Week 8 College Football upsets that helped boost profits as the betting public tended to back the more high profile favorites.
Ole Miss pulled off one of the week’s biggest upsets, beating LSU outright as a +10 underdog. The Tigers now have two losses on the season. The Rebels record coming into Week 9 is 4-3 following their three point home victory.
$1 Million Big One for One Drop Returns in 2014
After a one year hiatus, the $1 Million Big One for One Drop will be returning in 2014 as part of the World Series of Poker.
“It was a terrific inaugural event in 2012 with One Drop raising nearly $5.7 million from the Big One event,” One Drop founder Guy Laliberté said in a press release. “There is still a lot of work to be done to ensure access to water for all. I have no doubt that the poker community will once again live up to its reputation for generosity by helping to transform lives sustainably.”
Gambler Archie Karas Extradited to CA for Casino Cheat Case: Pleads Not Guilty
One of the most well-known and successful gamblers of all time, Archie Karas, was extradited from Nevada to California to face charges he cheated a San Diego casino out of more than $8000. He entered a “Not Guilty” plea on Friday.
Genovese Crime Family Mobster Admits Role in Racketeering Tied to Sports Betting
Genovese Crime Family associate John Breheney (AKA “Fu”), 49, of Egg Harbor, NJ, pleaded guilty Friday before US District Judge Claire C. Cecchi to conspiracy to violate the Racketeer Influenced and Corrupt Organization (RICO) statute through his participation in an illegal sports betting operation.
Las Vegas Sands Earnings Beat 3rd Quarter Earnings
(Reuters) - Casino operator Las Vegas Sands Corp. , owned by billionaire Sheldon Adelson, on Thursday posted better-than-expected third-quarter earnings, boosted by positive trends at its Macau and Singapore operations.
The company, which operates the Venetian in Las Vegas, also said it increased its common dividend by 42.9 percent to $2 per share yearly, or 50 cents per quarter, for the 2014 calendar year.
Philadelphia Plays Host to Internet Gambling Conference
HARRISBURG, Pa - Gaming Control Board Chairman William H. Ryan, Jr. along with Executive Director Kevin O'Toole and Bureau of Licensing Director Susan Hensel will participate in the World Regulatory Briefing USA focusing on iGaming on October 22 and 23, 2013 in Philadelphia.
Leaders from the gaming industry along with regulators from state, international and Native American gaming jurisdictions will be presenting at the conference.
Adelson Republican Strategic Research Study: ‘Universal Opposition to Web Gambling’
Online gambling opponent and one of the GOP’s biggest donors, Sheldon Adelson, recently commissioned the Republican strategic research and polling firm, The Tarrance Group, to conduct a study to determine voter attitudes towards legalized online gambling in the US. Their findings, not surprisingly, favor Adelson’s stance.
Trump Casinos in Atlantic City Latest to be Granted Online Gambling Permits
(Associated Press) - The two Trump casinos in Atlantic City received their Internet gambling permits Thursday, as New Jersey regulators continued preparing for the launch of online gambling next month.
Trump Plaza and the Trump Taj Mahal got their Internet gambling permits and join the Borgata and the Golden Nugget among casinos approved to begin Internet gambling.
Online gambling will begin Nov. 26 in New Jersey after a five-day, invitation-only trial period.
New Jersey is the third state in the nation to offer online gambling, along with Nevada and Delaware.
Americas Cardroom to Host $350k ‘The High Five’ Poker Tournament Series
US facing online poker room Americas Cardroom (ACR) will be hosting a new tournament series called the High Five Tournament Series (HFTS). The series of tournaments runs from November 20th to 24th and promises 5 major guaranteed tournaments each night along with smaller events for a series guarantee of $350,000.
888 Holdings Anticipates Dramatic Revenue Rise in 2014 With US Web Gambling
(Reuters) - London- listed 888 Holdings is expecting to start to see the benefits from next year as a number of U.S. states ease a ban on Internet gambling.
888, which runs online gambling and poker sites, is already operating in Nevada, with markets in Delaware and New Jersey expected to go live in the coming weeks.
"In 2014, we should start to see some meaningful revenues come through," Chief Executive Brian Mattingley said, talking about prospects in the American market.
CAMS Names Former Nevada Gaming Control Head Mark Lipparelli Advisor
Los Angeles – CAMS, LLC, the leader in providing online operators with payment connectivity and Know Your Customer (KYC) verification services, today announced that Mark Lipparelli has been engaged by the company as an advisor. The company will look to him for strategic guidance as they navigate the newly-regulated internet gambling industry.
Golden Nugget Obtains Second NJ Online Gambling Permit
The Golden Nugget is the second Atlantic City casino operator to be granted an Online gambling permit.
New Jersey anticipates launching its Web gambling industry on November 26 with real money play permitted by those physically located within the state’s borders.
Lisa Spengler, a spokeswoman for the New Jersey Division of Gaming Enforcement, said there is no competitive advantage to being issued a permit early as the launch date is the same for all casinos.
Last week the Borgata was the first casino property to receive a permit.
Judge Throws out Lawsuit Challenging New York Gambling Referendum
ALBANY, N.Y. (Associated Press) — A judge on Wednesday dismissed a lawsuit challenging a referendum on Gov. Andrew Cuomo’s proposal to authorize seven more casinos in New York, ruling it was filed too late.
The suit by Brooklyn lawyer Eric Snyder contested the language of the Nov. 5 ballot proposition, claiming it was biased in favor of approval. It was reworded by the Cuomo administration and legislative leaders to promise benefits including jobs, lower taxes and school aid without mentioning any potential downside to casinos, including problem gambling and crime.
Betfair Launches LetsPlayNJ.com for Web Gambling but Can’t Play Yet in Garden State
While New Jersey prepares to begin allowing online gambling by the end of next month, European powerhouse Betfair has mostly been left out in the cold.
Embezzlement Scheme Uncovered at Bodog: Several Employees Allegedly Involved
The online gambling firm Bodog has accused a number of high-ranking company officials of perpetrating a scheme to embezzle millions of dollars from its Asian operation.
Caesars Stock Price Slides 12 Percent: No Right to Online Gambling IPO
Caesars Entertainment Corp. has sold 10.3 million shares of its common stock to a Swiss banking firm for $200 million, resulting in a sharp 12 percent decline in its share price Tuesday (October 15). This represents the biggest decline of the year so far.
The stock began trading without rights to participate in an IPO of the company’s online gambling unit. Anyone purchasing the stock as of the 15th would not enjoy rights to the new unit. Those already owning stocks in Caesars will be able to purchase Caesars Acquisition Co. stock.
Mobster-Turned-Cattle-Rancher to Face Trial for Conspiracy, Murder
(Associated Press) - With his East Coast accent and tales of living in New York, Jay Shaw stood out when he moved to the tiny farm town of Marsing, Idaho.
But he was friendly enough, even helpful, to his neighbors, and they never suspected him of having a dark secret.
Anticipated Positive Results With This Week’s Sands Earnings Report
Las Vegas Sands (LVS) is expected to report its Q3 2013 earnings this coming Thursday October 17 and results should be positive according to Zacks Investment Research’ Steve Reitmeister.
Poker Pro Annie Duke: ‘Smart’ People are Manipulating Us
Female poker pro Annie Duke says we should be careful about what we read as smart people control the news and, as such, manipulate it.
Casino Woes Continue in Atlantic City: Revenues Way Down
ATLANTIC CITY, NJ — (Associated Press) - Thousands of people came to Atlantic City to see Miss America last month, but not enough of them ventured into a casino to boost the gambling halls’ monthly revenue.
Atlantic City’s casinos saw their revenue fall by nearly 13 percent in September compared with the same month last year.
The city’s 12 casinos won $240.2 million from gamblers, a decline of 12.9 percent from September 2012.
$59 Million Spent on Gambling Lobbying in NY Since 2005
A staggering figure indeed: As Gambling911.com reported the other day, New York State has received a substantial amount of money from gambling interests over the years.
How much in total?
From the New York Times:
Prostitution Charges Dropped Against Poker Pro Greg Raymer
Prostitution charges have been dropped against one of poker’s biggest stars, Greg Raymer, after he successfully completed 75 hours of community service at a local non-profit.
Return of Miss America Pageant to Atlantic City Doesn’t Boost Revenue: Costs $400k
Atlantic City, NJ – (Associated Press) - The return of the Miss America pageant to Atlantic City brought attention to the seaside gambling mecca and a boon to police and public works employees.
The Press of Atlantic City reports the pageant cost the city about $400,000 in overtime. The city’s business administrator tells the newspaper that some of the costs will be reimbursed, possibly by the state. But it isn’t known how much, or when.
Gambling Pastor Embezzles $230k: School Funds Utilized
A Boston area pastor has been relieved of his duties after allegations surfaced that he had stolen more than $200,000 to help support his gambling addiction.
Father Stephen M. Gemme of Saint Bernadette Parish in Northboro, Massachusetts has served as that congregation’s pastor for nearly 10 years. The church published the announcement on its website.
Part of the letter, written by Reverend Robert J. McManus Bishop of Worcester, reads:
My dear brothers and sisters in Christ,
Woman Stiffed Out of $1 Mil Casino Prize: Casino Joins Her Suit to Recover Winnings
A woman has filed suit claiming she was stiffed out of winnings from an Oregon Tribal casino promotion.
Beverly Mackey won the $1 million dollar grand prize in Tribal casino Chinook Winds’ Swipe, Play & Win promotion game. The former home health care provider, who recently had heart surgery, has been denied the winnings.
Vault of Satoshi Offering Trades Between Fiat Currency and Bitcoin
A new Canadian exchange promises cheaper rates at 0.5 percent or below and an advanced API.
The Toronto-based Vault of Satoshi will offer trades between fiat currency and either bitcoin or litecoin, two anonymous digital currencies.
