Top Gambling News: Gambling Chimps Sore Losers, DOJ Can Sell UB.com Assets
These are the top gambling news stories here at Gambling911.com for the morning hours of Wednesday June 5, 2013. Follow us on Twitter here.
*DOJ Reaches Agreement in UB.com / Absolute Poker Suit - The DoJ reached a resolution with Avoine that resulted in a dismissal of the company’s claims to property seized on Black Friday. Avoine filed a claim of ownership back in 2012 for various property associated with Absolute Poker (sister book of UB.com).
Scott Bell, who is producing a documentary on UB.com, tweeted:
The claim of Avoine is hereby dismissed with prejudice... Big event for UB/AP folks, now they can learn how much the site is worth.
*Gambling Chimps Are Sore Losers - Research from Yale and Duke universities suggests that chimpanzees and bonobos experience similar emotions to humans when their bets fail to pay off. The great apes risked peanuts for a chance to win either a “boring” food (cucumber) or win a banana as a reward. A failed bet resulted in expressions of frustration and anger.
The study found both chimps and bonobos – also known as dwarf chimpanzees – displayed negative emotional responses including pouts, moans, scratching and banging – a type of tantrum thought to reflect anger in apes.
"This might be why chimpanzees are more likely to engage in risky strategies like hunting, in that you could spend all day pursuing a monkey, but end up with nothing," said lead researcher Dr. Alexandra Rosati,
*Casino Not Liable for Gambler’s $1.4 Billion Losses - Crown Ltd. (CWN)’s Melbourne casino isn’t liable for losses incurred by a gambler who wagered almost A$1.5 billion ($1.4 billion) on baccarat in just over a year, Australia’s top court ruled.
Harry Kakavas, one of Crown Melbourne’s first patrons when it opened in 1994, claimed the gaming company exploited his pathological urge to bet. He sued the casino in 2007 seeking to recover A$20.5 million of losses he incurred between June 2005 and August 2006. (source: Business Week)
*Gambling Tycoon James Packer to Invest in Sri Lankan Casino - James Packer's Crown Ltd is in talks with a Sri Lankan partner to build a $350 million hotel and leisure resort in the Indian Ocean island nation, as the Australian gambling tycoon looks to expand his global reach.
Packer is betting on rapid economic growth in Sri Lanka, fuelled by Chinese infrastructure investment, following the end of the country's civil war in 2009.
Sri Lanka's proximity to a huge pool of potential gamblers in India and rising inbound tourism numbers are also proving attractive. (source: Reuters)
*ISPT Wembley Final Six Seat Draw (2013)
1
Pete Linton
11,070,000
2
Xavier el Fassy
4,555,000
3
Nick Hicks
6,230,000
4
Jakub Michalak
4,825,000
5
Alban Juen
7,615,000
6
Gwendoline Janot
6,230,000
- Nagesh Rath, Gambling911.com
