Sportsbook News

888.com Reports Full Year Earnings Nearly Doubling

(Reuters) - British online gaming company 888 Holdings' full-year earnings  nearly doubled, helped by strong growth of its casino and poker offering, and the company named Brian Mattingley as chief executive.

The company, which operates 888 casino, poker, sport and bingo brands, said it planned to invest in several newly regulated markets across Europe and the United States.

More Britons prefer to stay at home, watching TV and gambling online, updates from consumer-facing companies showed, amid fears that the UK will slip back into recession.

Submitted by Guest on, Mar/27/2012

Sportingbet Looking to Re-enter US Market After Paying Fine to US Government

Reuters was reporting that Sportingbet, one of Europe’s biggest online gambling firms, has made a final payment of $6 million to the U.S. Justice Department, as per a settlement reached in 2010 over alleged illegal Internet gambling, and said that it was exploring opportunities to re-enter the market.

Submitted by C Costigan on, Mar/27/2012

Matchbook Betting Exchange Looks to Expand in Europe, Asia With Multi-Currencies

Matchbook Betting Exchange is delighted to announce the release of their new multi-currency platform. This will allow all customers to bet in Euro, Sterling, Canadian and Hong Kong Dollars, as well as the previously available US Dollars. Since being newly acquired in early 2011, there has been heavy investment in the product and this is the first of a number of exciting announcements, including a fully functional mobile application, to come in the next few months.

Submitted by Guest on, Mar/14/2012

William Hill to Open Talks With Playtech Following Tel Aviv Debacle

(Reuters) - William Hill (WMH.L) is to open talks with Playtech (PTEC.L) this month to try to salvage the companies' joint online venture following a breakdown in relations last year, the Financial Times reported on Monday.

Submitted by Guest on, Mar/12/2012

Bwin.Party Formally Applies for Nevada Internet Poker License

Bwin.Party, the world’s largest real money gambling firm, has officially filed for a Nevada state Internet poker license.

Nevada looks to allow intrastate online poker in the coming months following passage of legislation late last year.  Nevada could incorporate multi-state pacts in the future as well.  Ultimately, the state was looking to become a hub for online poker companies following the passage of a federal law, however, many experts now believe the industry will develop exclusively at the local state level. 

Submitted by Aaron Goldstein on, Mar/07/2012

Horse Racing Group Won’t Oppose New Jersey Bill to Make State Hub for US Online Gambling

New Jersey State Senator Raymond Lesniak believes his co-authored legislation to make the Garden State an Internet gambling hub should pass on March 15 with actual money play likely by September. 

Submitted by C Costigan on, Mar/07/2012

Bodog Shuts Down Costa Rica Office

Bodog has shut down its Costa Rica based office.  Employees reported arriving to find they were locked out. 

Americas-Cardroom-Square-022412.jpg

The company still operates from bases outside of Montreal, Quebec, Antigua and in London. 

Submitted by C Costigan on, Mar/05/2012

Memo to Calvin Ayre: Head for Hong Kong…or Zimbabwe!

They say Laos is lovely this time of year.

So are Qatar, Angola and Nepal.

Vietnam gets a little hot, however, as does Cambodia and Indonesia.

And of course Libya, Tunisia and Syria are hot spots right now too, but in a different way.

For Canadian billionaire and Bodog.com founder Calvin Ayre, however, these Third-World hell-holes might be looking like islands of paradise right about now.

Submitted by Thomas Somach on, Mar/02/2012

Pirates Come to Ayre’s Defense

The Pirate Party of Canada has lashed out at the US Government’s indictment of native son and Bodog founder, Calvin Ayre. 

BetOnline

Submitted by Jagajeet Chiba on, Mar/01/2012

Techdirt.com: Federal Agents Did Not Gamble on Bodog.com

An interesting argument was raised by a colleague of Gambling911.com Tuesday following the indictment of Bodog.com and four individuals connected to the company.

Americas-Cardroom-Square-022412.jpg

The US Attorneys Office in Maryland announced the indictment Tuesday immediately following the seizure of the Bodog.com domain. 

Submitted by C Costigan on, Feb/29/2012

Almost Paradise: Poker Site Sees Sharp 33 Percent Decline

Paradise Poker, once among the top three largest Internet card rooms in the world, witnessed a sharp decline in revenues of 33 percent in the first 6 months of its financial year to end January 2012.

The company, which is owned by sports betting powerhouse Sportingbet Plc, called the current poker market conditions “challenging”.

Poker makes up 6.0 percent of gross gaming revenue.

Sportingbet overall recorded a loss for the period. 

Submitted by Aaron Goldstein on, Feb/29/2012

Ayre Don’t Care: Bovada, Bodog Say Business as Usual

Following an indictment against Bodog founder Calvin Ayre Tuesday after a year’s long investigation into online sports betting, Ayre told his own self-named news website his life won’t be impacted.

Americas-Cardroom-Square-022412.jpg

Submitted by C Costigan on, Feb/28/2012

Bodog, Calvin Ayre, et al. Indictment (Full Court Document)

IN THE UNITED STATES DISTRICT COURT FOR THE DISTRICT OF MARYLAND

UNITED STATES OF AMERICA  :

v.

BODOG ENTERTAINMENT GROUP S.A., d/b/a BODOG.com, CALVIN AYRE, JAMES PHILIP,

DAVID FERGUSON, and DERRICK MALONEY,

Defendants.

: :    CRIMINAL NO. :      (Conducting gambling business, :  18 U.S.C. §1955; Money :      laundering conspiracy, 18 U.S.C. :       §1956(h); Aiding and :   abetting, 18 U.S.C. §2; : Forfeiture, 18 U.S.C. :         §§982(a)(1) and 1955(d)). :

...ooo0ooo... INDICTMENT COUNT ONE (Conducting gambling business)

Submitted by Guest on, Feb/28/2012

Bodog Founder Calvin Ayre Indicted

Federal prosecutors in Baltimore on Tuesday unsealed an indictment against Calvin Ayre following the seizure of the Bodog.com domain name late Monday night.  Ayre was profiled in the cover story of the Forbes Billionaire issue. 

A press release was expected by the US Attorney’s Office out of Maryland shortly. 

Rod Rosenstein, the U.S. Attorney in Baltimore, indicted Ayre and three other men, James Philip, David Ferguson and Derrick Maloney. The company, Bodog Entertainment Group, is also under indictment and its domain name has been seized by federal prosecutors.

Submitted by C Costigan on, Feb/28/2012

Defendants in Hellinger Case to Reach Plea Agreement Tuesday

Gambling911.com has learned that defendants in an online gambling case dating back to 2005 are set to enter pleas on Tuesday.

The US Attorney’s Office in Eastern Pennsylvania charged Don Hellinger and four other men with illegal distribution of over $40 million in Internet gambling winnings during the years 2005 and 2006 through a money transfer company, Payment Processing, Inc.  Hellinger was also alleged to have been involved in mail fraud. 

Submitted by C Costigan on, Feb/28/2012

Bodog.com Domain Seizure ‘Dog’ Years in the Making

The sudden seizure of the Bodog.com domain name late Monday night was not so sudden, Gambling911.com can reveal, nor was it exactly easy to achieve.

The US Attorney’s Office in Maryland, which was responsible for a series of online gambling company domain seizures last May, had been probing Bodog and the company’s colorful founder, Calvin Ayre, since 2003.

Submitted by C Costigan on, Feb/28/2012

US Government Responds to Hellinger Case Motion to Continue

The US District Court for the Eastern District of Pennsylvania on Friday responded to defendant Jami Pearlman’s Motion to Continue and Sever the March 12, 2012 trial whereby he and five other individuals are charged with illegally processing payments for various online gambling companies during a period from January 2005 to February 2006. 

Cake-Square-010712.jpg

Submitted by C Costigan on, Feb/26/2012

William Hill Eyes US Entry

William Hill on Friday announced its expansion plans, and they include the lucrative US market.

Cake-Square-010712.jpg

"Nevada is a land-based opportunity and we will see what happens in the US thereafter. But we first of all have to get these licenses and we expect that to happen some time this year," Hill CEO Ralph Topping said.

Submitted by Aaron Goldstein on, Feb/24/2012

i-Gaming North America 2012 Conference to Take Place March 4-6

Everybody with even the slightest interest in the potential for legalized Internet gambling in North America will be in attendance at the first ever i-Gaming North America 2012 Conference, being held at Planet Hollywood in Las Vegas March 4 thru 6.

i-Gaming North America describes itself as the first networking and educational event designed to introduce the land-based gaming businesses of North America to the global iGaming industry.

Speakers include:

Alexandra Berzon, Reporter, Wall Street Journal

Submitted by C Costigan on, Feb/23/2012

WagerWeb.com Online Sportsbook, Casino Joins the Gambling911.com Family

Gambling911.com is thrilled to announce the return of WagerWeb.com to its portfolio of fine online sportsbooks just in time for March Madness.

Submitted by C Costigan on, Feb/21/2012

Over 200 Sports Fixing Probes in Last Four Years

The Daily Star this weekend reports that there were over 200 sports match fixing probes in the United Kingdom in just the last four years. 

From The Daily Star:

Of 210 cases probed by the Gambling Commission since September 2007 nearly all have been over sporting fixtures.

And the majority involve football, horse racing, tennis and snooker.

But they also show that very few cases ever get to court.

Submitted by Gilbert Horowitz on, Feb/18/2012

Ladbrokes Punters Bet £13 billion in 2011: Poker Revenues Down 25 Percent

Ladbrokes reported strong returns for 2011 with punters staking £13 billion in 2011 and profit per shot increased 6.9 percent over 2010.

Gaming machines drew almost £10.5 billion, up 13.7% on a year earlier while over-the-counter betting enjoyed £2.5 billion in bets placed.

Submitted by Aaron Goldstein on, Feb/16/2012

Everleaf Poker Should Never Have Been Allowing Washington State Citizens to Play

We have finally learned after days of speculation that Everleaf Poker’s woes come from transmitting funds for online poker to and from the state of Washington.  It is the only state in the U.S. to make playing Internet poker a Class C felony and has done so since 2009 when the investigation into a payment processor utilized by Everleaf had commenced. 

Title 18 U.S.C 1084(b) was cited in the seizure affidavit issued by the United States District Court for the Western District of Washington.

Submitted by C Costigan on, Feb/15/2012

Radio Host Sid Rosenberg Allegedly Owes Over $44k to Online Sportsbook

A representative of a small Costa Rican-based online sportsbook, 1BetVegas.com, is contending that WQAM-560 AM afternoon host Sid Rosenberg owes the shop $44,500 in gambling debts

Submitted by Jagajeet Chiba on, Feb/14/2012

Music Execs Streaming Pirated NFL Games as DOJ Seizes Hundreds of Similar Websites

The music industry has been behind a massive push to knock file sharing and download websites offline while engaging in the same practice they condemn last week.

VEVO, a music portal owned by a few major record labels in the US reportedly had a pirated NFL playoff game playing on screens throughout its ‘PowerStation’ venue at last week’s Sundance festival, according to TechCrunch.

Submitted by Alejandro Botticelli on, Feb/10/2012

World Sports Exchange $700k Behind on Payouts (Video)

SBR Forum video analyst Peter Loshak breaks down the latest sportsbook industry news with troubled World Sports Exchange (WSEX.com) at the forefront.

Submitted by Guest on, Feb/08/2012

William Hill Becomes Official Sponsor of England Football Team

The United Kingdom’s largest bookmaker, William Hill, has been confirmed as an official sponsor of the England football team.

Peter Daire, the FA's Head of Sponsorship, said:

"We are delighted to have William Hill on board.

Submitted by Aaron Goldstein on, Feb/07/2012

Super Bowl Safety Cuts Into Sportsbook Profits

Sunday’s Super Bowl safety hurt the sportsbooks bottom line both in Vegas and across the Web. 

At MGM, one lucky sports bettor reportedly made off with $50,000 after placing a $1000 wager on the safety being the first scoring play.

And there was more. 

From Covers.com

Submitted by Dan Shapiro on, Feb/06/2012

U.S. Attorney Preet Bharara Seizes 16 Live Streaming Sports Sites Days Before Super Bowl

U.S. prosecutors seized 16 websites that streamed live sports events on Friday, just two days prior to Sunday’s Super Bowl.  A Michigan man was charged with running nine of those websites.

Yonjo Quiroa (AKA Ronaldo Solano), 28, faces one count of criminal infringement of a copyright and will likely not serve any prison time.

Submitted by Gilbert Horowitz on, Feb/04/2012

2012 Super Bowl Prediction: BetOnline Analyst Says Patriots Win It, So Go With The Giants

Tony Bryant, an analyst for the fastest growing online sportsbook BetOnline.com, offered up his 2012 Super Bowl prediction.  He says go with the Patriots.  In a moment we’ll explain why we think Tony may be secretly on the Giants (may be).  By the way, BetOnline.com is one of the few offering the Patriots at -2.5 plus you can get up to $900 in free cash when you join here (based on initial deposit/what you open your accou

Submitted by Ean Lamb on, Feb/01/2012

Breaking News