Gambling
Oversight Hearing on the U.S. Department of Justice Opinion on Internet Gambling Recap
An Oversight Hearing on the U.S. Department of Justice Opinion on Internet Gambling was held Thursday afternoon.
When it comes to legalized online poker in the US, Chairman Akara said “Tribal casinos concerns must be considered (before legalizing).”
Patriots Owner Robert Kraft Makes Out Big With Caesars IPO...And Wynn?
Among those who benefitted from Wednesday’s debut of Caesars Entertainment on the Nasdaq trading platform was none other than New England Patriots owner Robert Kraft.
While Kraft may have suffered a pretty huge loss Sunday, his luck changed with the Caesars IPO and his $1.3 million stake. Shares rose dramatically Wednesday afternoon.
Oversight Hearing on the U.S. Department of Justice Opinion on Internet Gambling Live Webcast
Those wishing to follow today’s Oversight Hearing on the U.S. Department of Justice Opinion on Internet Gambling will be able to do so at 2:15 pm EST via the Web here. *Note: The hearing has commenced as of 2:47 pm EST. This hearing is taking place February 9 2012.
888, Everest, Chilipoker and Titan Blacklisted in Belgium
The Belgium government has blacklisted online gambling firms 888, Everest, Chilipoker and Titan as part of its new regulatory policy.
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.
Mobster Michael "The Large Guy" Sarno Gets 25 Years Behind Bars
CHICAGO — (Associated Press) - A reputed mob boss known for his wide girth and reputation for violence was sentenced to 25 years in prison today in a federal court in Chicago.
Michael "The Large Guy" Sarno also was ordered to pay nearly $1.8 million in restitution. A jury convicted Sarno, 54, and four co-defendants in 2010 of racketeering and other charges.
Caesars Begins Trading Wednesday: Goes Public and Floated with 1.4 Million Shares
Casino giant Caesars Entertainment Corp. went public on Wednesday (February 8, 2012), with its stock price surging 71 percent after completing an initial public offering.
The IPO was significantly reduced from its 2010 attempt.
Online Gambling Being Considered in Delaware, Massachusetts
Delaware and Massachusetts become the latest states said to have an interest in legalizing online gambling
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.
South Florida Destination Resorts Casino Bill Dead
Local7 in South Florida on Friday was reporting that the bill authorizing three destination resort casinos in South Florida abruptly died in a House of Representatives subcommittee Friday morning when the bill’s sponsor, Rep. Erik Fresen, R-Miami, asked that it be temporarily postponed.
Wikileaks Exposes Sheldon Adelson: Cable Discusses ‘Missteps’ in China
Casino tycoon Sheldon Adelson’s Las Vegas Sands Corp. is under federal investigation into whether it has complied with the Foreign Corrupt Practices Act and a recently uncovered Wikileaks cable suggests Adelson may be in some hot water in China as well.
Adelson is alleged to have “bribed” foreign officials in exchange for lucrative business deals. His casino empire enjoys a massive presence in the Asian gambling Mecca of Macua.
From Salon.com:
Bwin.Party Responds to DOJ Megaupload.com Complaint
The world’s largest Internet gambling company, Bwin.Party, responded to the US Department of Justice complaint that mentions its role as part of the high profile Megaupload.com indictment. Megaupload.com, a file hosting service, was taken down two weeks ago. The DOJ has accused the website of engaging in copyright infringement and pirating.
Bwin.Party had advertised on the service and was named in the complaint as a result. The gaming firm insisted it had terminated the contract with Megaupload.com once it became aware of the file sharing company’s activities.
Online Legal Research Database Firms Updating Info on Internet Gambling Defendant
On Thursday morning it was revealed that various online legal research firms were in the process of updating their databases as it relates to a cooperating witness in an investigation related to Web gambling that many believe was about to begin wrapping up in the coming weeks. News organizations like Gambling911.com utilize the services of these firms as a means of monitoring case law activities.
Odds on Whether US Law Enforcement Takes Down Online Sportsbook for Super Bowl 2012
Gambling911.com has been covering all the hundreds of 2012 Super Bowl betting props that are currently out there. Each year there are always a few novel prop bets such as this year’s What Color Will Madonna’s Hair Be and we’re still waiting on those Gisele Bundchen bets.
So with the US Government’s aggressive action against online gambling websites over this past year, we couldn’t help but wonder what the odds might be for a Super Bowl surprise.
Macau Gambling Revenue Rises 35 Percent in January 2012: Casinos in General Have Great Month
Casino companies gained after revenue in Macau, the world's largest gambling hub, rose 35 percent in January (2012). MGM Resorts International climbed 0.7 percent to $13.14. Las Vegas Sands Corp. increased 0.8 percent to $49.50.
Alabama Gambling Corruption Defendant had Filed for Bankruptcy 4 Days Before Death
While police await autopsy results to determine what led to the death of a defendant in a very high profile vote rigging Alabama gambling corruption case, it was revealed on Tuesday that Ray Crosby had filed for bankruptcy just four days prior to his death.
Atlantic City’s Newest Casino Revel to Impose Term Limits on Employees
If you are thinking about getting a job at the all new Revel Casino in Atlantic City, you might want to think twice.
Newly hired employees of the Revel Casino will be subject to term limits of four to six years, just like some politicians. At the end of said term, employees will have to re-apply.
The policy will "attract the most highly professional people who are inspired by a highly competitive work environment," Revel wrote in a statement.
Magic KingDOME: Wife of Purple Lounge Casino Director Must Stand Trial After Disney 'Toilet" Incident
The wife of Media Corp PLC Non-Executive Director Chris Gorman will be forced to stand trial after an alleged sexual encounter and assault in an Orlando, Florida nightclub bathroom this past August.
Rank £250 Million Offer for Gala Coral
Rank has reportedly offered £250 Million to rival Gala Coral as part of a potential acquisition bid. Should it go through, the combined company would become the biggest casino chain in Great Britain.
Rank currently operates 35 gambling establishments while Gala has a total of 24 casinos.
In a statement, Rank said: “The terms of any such acquisition have not been finalised and there is no certainty a transaction will occur.”
- Aaron Goldstein, Gambling911.com
New York Judge Rules Mah Jong a Game of Skill: Could Help Internet Poker Cause
Mah Jong, the ancient Chinese tile-based table game, is not gambling at least not according to a New York judge.
On January 19, 2012, Criminal Court Judge John H. Wilson declared in People v. Feng that “the court declines to declare Mah Jong to be a per se ‘contest of chance.’ ”
Defendant in Alabama Gambling Corruption Case Joseph ‘Ray’ Crosby Found Dead
Police are conducting an investigation into the mysterious death of Joseph “Ray” Cosby over the weekend. Cosby is one of seven remaining defendants in a federal corruption case tied to gambling in Alabama and was found dead on Sunday, just one day before the start of a second trial in the case.
New Jersey Politicians Meet With Gov Chris Christie to Discuss Internet Gambling
New Jersey politicians, including State Senator Raymond Lesniak, were taking part in closed door meetings with Governor Chris Christie to discuss a measure that would legalize online poker.
The objective, Gambling911.com has learned exclusively, is to get something passed through the state House and Senate without the need for a voter referendum.
Zynga Online Gambling Revenue Could be $5 Billion Claims JP Morgan
Zynga, which offers the largest free online poker site in the world, has gone all in with its push to offer “real money play” games. JP Morgan claims that Zynga can potentially generate $5 billion in revenue after the company announced it was in conversations with interested parties to offer the “cash play” platform.
Lem Banker Banking on Patriots to Win 2012 Super Bowl
Once a generation, people gather outside the Vatican in Rome, looking up at the Vatican chimney to see whether the smoke coming out in billows is white or black, signifying yes or no that a new pope has been selected.
Almost as eagerly anticipated is the yearly declaration by the pope of professional sports betting, Lester "Lem" Banker of Las Vegas, as to who he likes to cover the pointspread in the Super Bowl--the favorite or the underdog.
The reason for the anticipation?
Lucky Lem usually gets it right.
i-Dating Conference in Miami Beach a ‘Must Attend’ for Online Gambling Interests
Who would have thunk it? i-Dating and online gambling the perfect marriage. It is if you have someone like Marc Lesnick running this type of event.
Lesnick, who was one of the leading Internet gambling and affiliate conference organizers back in the day and remains a close friend of the Gambling911.com website, has branched out into other industries.
This week’s Internet Dating Conference in Miami Beach may very well be his most successful conference to date, attracting somewhere in the area of 450 attendees.
Five-Year Long Investigation Into Online Gambling About to Wrap Up?
Gambling911.com sources have revealed that a more than five-year investigation related to online gambling, telemarketing and alleged bank fraud is about to wrap up.
“Law enforcement agencies are under intense pressure to conclude ongoing investigations ahead of inevitable legalization of online poker, casino games and possibly even sports betting,” our source tells us. “But some of these agencies are just out for blood.”
New Jersey Congressmen Introduce Sports Betting Bill
New Jersey Congressman Republican Rep. Frank LoBiondo introduced legislation that would bring legalized sports betting to all states that want it, not just the Garden State.
New Jersey residents overwhelmingly voted in favor of a referendum that would legalize sports wagering in the state. Governor Chris Christie signed the legislation that passed through both the House and state senate last week. New Jersey legislators must now overturn a federal law that makes it illegal to bet on sports in all but four states.
Online Poker 2012 25k Booster Freeroll Announced by Carbon
Starting Sunday January 29th Carbon Poker will be running two types of daily qualifiers to their exclusive $25,000 online poker freeroll, to be held on Sunday February 26th at 14:00.
Psychiatrist on Why People Get Transfixed to Slot Machines, Video Poker: Draws Similarities to Prayer
Dr. David Forrest, clinical professor of psychiatry at Columbia University College of Physicians and Surgeons in New York, claims that gamblers enter into a “meditative” state or a “trance” when playing casino slot machines and video poker.
Forrest should know. He’s not just a psychiatrist, he’s also an avid slots player himself.
Senate Majority Leader Harry Reid Postpones Vote on Antipiracy Bill
Senate Majority Leader Harry Reid has delayed vote on a controversial antipiracy bill originally set for consideration this coming Tuesday.
A massive protest by hundreds of Internet websites including Wikipedia, Reddit.com and Google resulted in a number of the bill’s co-sponsors bailing on Wednesday.
Reid did not offer an explanation for the delay.
The Senate Majority Leader said he still hopes a compromise can be reached "in the coming weeks."
