Cantor Gaming to Pay Largest Fine in Nevada State History
LAS VEGAS (Associated Press) - CG Technology, formerly Cantor Gaming, has agreed to pay Nevada gambling regulators $5.5 million to settle a complaint regarding illegal sports betting.
The settlement announced Monday will be the largest in state history.
NJ's Atlantic Club Casino Hotel Now Closed
ATLANTIC CITY, N.J. -- (Associated Press) - The embattled Atlantic Club Casino Hotel closed early Monday, a victim of the casino saturation taking place in the Northeast.
About 1,600 people lost their jobs at 12:01 a.m. as the 33-year-old casino shut its doors. Tearful employees embraced one another and exchanged goodbyes.
People Are Talking: 49ers, Bodog, Bitcoin and More
Gambling911.com has your latest live comments from real readers of the G911 website.
Among the hottest topics of conversation over the past few days, the NFL Divisional Playoffs and Americas Cardroom’s implementation of the anonymous digital currency bitcoin last week.
Blast in Illegal Chinese Gambling Hall Leaves 14 Dead
BEIJING (Associated Press) -- An explosion Monday at an illegal gambling hall in a village in southern China killed 14 people and injured seven others, state media report.
The blast struck at around 2:30 p.m. (0630 GMT) outside the city of Kaili in the poor southern province of Guizhou, the official People's Daily newspaper and Xinhua News Agency said. While the cause of the explosion officially remains under investigation, police believe it was set deliberately and are treating the incident as a crime, People's Daily said.
Colorado Man Indicted for Running Online Gambling Site
BOULDER, Colo. (Associated Press) -- A 62-year-old Boulder County man accused of running an online gambling website for at least three years has been arrested.
The Daily Camera reports ( http://bit.ly/1m0dvb0 ) Larry Kyle Richardson was arrested Friday after a grand jury indicted him on one charge of violating the Colorado Organized Crime Control Act. He is suspected of running an online gambling website from Jan. 1, 2010, through Jan. 8, 2013, "in, or triable in, Boulder County."
BetFred to Slash Employee Salaries in Half: Some Will Have to Sell Their Homes
At least they waited until after Christmas to play Scrooge but the powers-that-be at British bookmaker BetFred.com have announced employees will soon have to endure a 50 percent cut in their salaries.
John Goodman Joins ‘The Gambler’ Cast
“Inside Llewyn Davis” star John Goodman has joined the cast of “The Gambler” remake. He will star along side the likes of Mark Wahlberg and Jessica Lange.
James Caan was nominated for a Golden Globe for his performance in the 1974 original.
Here is an excerpt from Wikipedia regarding the plot:
Mobster Gets More Than 9 Year Sentence for Pot Distribution
Though his lawyer argued the drug is mainstream, mobster Salvatore Larca has been sentenced to 9.5 years behind bars for running an illegal marijuana distribution business.
The reputed Genovese crime family member admitted to running the operation from the Bronx, New York.
Cantor Could Pay Over $2 Million in Damages Resulting From Colbert Indictment
Cantor Gaming, which changed its name to CG Technologies this week, has agreed to pay over $2 million under a tentative settlement reached over the weekend with the Nevada Gaming Control Board, according to the Wall Street Journal.
Openings Set to Start in Mob Financial Fraud Case
CAMDEN — (Associated Press) - Federal prosecutors will start making their case to jurors that a group of Philadelphia and southern New Jersey mobsters pulled off a white-collar financial fraud scheme.
The trial of Nicodemo Scarfo and six other defendants is scheduled to start Wednesday. Prosecutors say the defendants used threats to take over a mortgage company and then kept the firm’s assets for themselves.
76ers, Devils Ink Online Gambling Sponsorship Deal
NEWARK, N.J. (Associated Press) — The Philadelphia 76ers of the NBA and the New Jersey Devils of the NHL have become the first major U.S.-based professional teams to sign a sponsorship deal with an online gambling company.
Gambling911.com World Exclusive: Americas Cardroom Now has Bitcoin Option
As first reported by Gambling911.com Monday, the biggest online poker room to date will begin offering bitcoin deposit and withdrawal options. Depositing via bitcoin will be available as of today (January 8, 2014). Withdrawal availability will follow shortly.
Morgan Stanley Employee Gambled Away Millions of Bank’s Funds, Strangled Wife
A former product controller at Morgan Stanley was terminated by the company after losing millions of dollars due to an “accounting error”. Investigators also believe Manas Kapoor, 35, strangled his wife to death the same day he was to attend a disciplinary hearing.
Kapoor admitted he was £8,000 in debt and was borrowing from friends and family to support his gambling addiction.
Three UTEP Men’s Basketball Players Ousted For Betting on Games
The leading scorer for the University of Texas men’s basketball team, McKenzie Moore, has been kicked out of the program along with two other reserves after they were discovered betting on sporting events. The school emphasized that there is so far no evidence of point shaving or betting on Miners games.
New Jersey Internet Gambling Accounts Reach 150,000
ATLANTIC CITY — (Associated Press) - The number of Internet gambling accounts created in New Jersey continues to grow and is nearing 150,000.
New Jersey online gambling was authorized last year to give a boost to Atlantic City’s struggling casino industry, which has been beset by increasing competition for the past seven years. It began with a five-day trial period on Nov. 21 and launched publicly on Nov. 25.
Hedge Fund Billionaires Take Stake in Caesars Online Gambling: Take on Adelson
Three billionaires against one: George Soros, John Paulson and Leon Cooperman have reportedly taken a stake in Caesars Acquisition Co, the online gambling spinoff of the Vegas giant. ((Image credit: Steve Brodner)
Nevada Gaming Control Board Files 18-Page Complaint Against Cantor Gaming
The Nevada Gaming Control Board (NGC) has filed an 18-page complaint against Cantor Gaming following a lengthy investigation. A former director of the company was indicted by US law enforcement in late 2012 for his role in an illegal sports betting venture and pleaded guilty to one count of conspiracy this past summer. Read Complaint Here
Former NFL Player Donald Caldwell Charged With Bookmaking
TAMPA, Fla. – (Associated Press) - Former NFL and University of Florida player Donald “Reche” Caldwell has been arrested by Tampa police on charges of operating an illegal gambling house and bookmaking.
Police say Caldwell was one of three leaders of the operation. Five other men are facing a variety of charges including probation violations, possession of a controlled substance and illegal gambling.
Biggest Online Poker Room Yet to Begin Offering Bitcoin – G911 Exclusive
Gambling911.com has confirmed that one of the world’s largest online poker networks is set to begin offering the anonymous online currency bitcoin as early as this week.
This room will also convert bitcoins to cash on their end to minimize the risk factor for players, we have been advised. Until now, players have been relegated to online poker rooms that were either new to the seen or only offered bitcoin exclusively as a deposit or withdrawal method.
Paddy Power Takes Swipe at ‘Fat, Lazy Footballers’ in ‘Ball of Shame’ Ad (Video)
Ireland’s largest bookmaker, Paddy Power, debuted its latest ad during this past weekend’s Arsenal v Tottenham FA Cup game on ITV. The so-called “Ball of Shame” advertisement takes a swipe at “lazy, fat footballers”.
More specifically, the betting firm seems to take issue with aforementioned “lazy, fat footballers” also making millions of pounds (dollars).
North Korea Leader Feeds Uncle to 120 Dogs: Paddy Power Ends Rodman Deal
Reports surfaced this past weekend that North Korea’s Supreme Leader Kim Jong Un had his uncle stripped naked, thrown into a cage, and eaten alive by a pack of 120 ravenous hounds, this according to a Chinese press report.
Delaware to Review Gambling Sector
DOVER — (Associated Press) - A panel examining challenges facing Delaware’s gambling industry is close to submitting recommendations for state lawmakers to consider.
The lottery and gaming study commission will convene today at Legislative Hall to review its list of options.
The panel also planned to review an accounting firm’s report on economic and financial benchmarks for Delaware’s three casinos.
South African Company First to Assemble Gambling Machines
A South African gaming group (Grand Parade Investments) has announced that they will be the first manufacturer to assemble gambling machines in South Africa.
Robocoin Bitcoin ATM Arrives in Hong Kong, Taiwan: 50 Machines Sold
Robocoin, the first ever shipping ATM, has arrived in Hong Kong and Taiwan, thus helping to make the alternative payment solution even more mainstream.
Online Gambling Exceeds Expectations for Borgata in Atlantic City (Video)
Appearing on CNBC's "Squawk Box", Tom Ballance, Borgata Hotel Casino & Spa president and COO, discussed the early success of legalized online gambling in the state of New Jersey for his casino.
Borgata’s managing partner Boyd Gaming utilizes the PartyPoker platform. It was one of two companies to get an early start launching in the Garden State.
Glitches, Bugs Persist With New Jersey Online Gambling, Poker Sites
In just over one month, New Jersey’s launch of real money online gambling has proven a huge success with over 40,000 individuals having signed up to open accounts.
The process hasn’t always gone smoothly, however.
Case in point: One Gambling911.com reader wrote us to discuss his experience signing up with Caesars Online Poker, utilizing the popular 888.com platform.
Ralph P., a resident of Northern New Jersey, writes:
Maryland Live Casino to Hire Atlantic Club Employees Following Closure
ATLANTIC CITY, N.J. - (Associated Press) -- A Maryland casino will hold a job fair next week for soon-to-be laid-off workers at Atlantic City's Atlantic Club Casino Hotel.
Maryland Live! will interview employees of the Atlantic Club who will lose their jobs when it closes Jan. 13. The casino has more than 100 openings across all departments, and says it will eventually need even more workers than that.
Macau Casinos Hit Jackpot With $45 Billion in Revenues for 2013
HONG KONG — (Associated Press) - The tiny Chinese city of Macau has again smashed its annual record for casino earnings as revenues last year hit a staggering $45 billion, further underlining its position as the world’s biggest gambling market.
You’ve Read the Rest…Now Get the Real Best of 2013 in Gambling
So all the websites have come out with their annual “Best of in Online Gambling” looking back at the eventful year of 2013.
PokerStars: Closure of Atlantic Club Casino was Avoidable
This was not the greatest year for the world’s largest online poker room, PokerStars.com.
While it’s true they continue to amass the largest chunk of the Web poker landscape, Stars insistence on operating in the US market post 2006 prohibition has apparently come back to bite them in their respective ass.
