New Jersey Sports Betting Proposal Released a Week Ahead of Time
New Jersey is looking to legalize sports betting with the support of Governor Chris Christie. Proposed sports betting rules were released one week in advance and appear below.
VOLUME 44, ISSUE 13
ISSUE DATE: JULY 2, 2012
RULE PROPOSALS
LAW AND PUBLIC SAFETY
US Prosecutors Still Allege Full Tilt Poker, Ray Bitar Engaged in Ponzi Scheme
An additional indictment was filed against Raymond Bitar, CEO of now defunct Full Tilt Poker, on Monday July 2, 2012 after he voluntarily turned himself in to US authorities.
Bitar has remained at large since April 15, 2011 following charges of money laundering and bank fraud in connection with running what was once the world's second largest online poker room.
Full Tilt Poker Founder Ray Bitar Arrested by Feds
Raymond Bitar, Executive of now defunct Full Tilt Poker, has been arrested by federal authorities in the US after turning himself in.
Bitar and about a dozen other men were charged in April 15, 2011 with money laundering and bank fraud in connection with running Full Tilt Poker, at the time the second largest Internet poker venue.
Gambling Granny Allegedly Stole Grandson’s College Funds
The New York Daily News on Monday reported that Edna Sue Pate allegedly stole more that $97,000 from a trust fund set up for grandson Christian Smith over a three year period.
The 73-year-old granny lost $93,000 at a casino during that time.
"Stealing your grandson's money? That's about as bad as you can get, short of physical assault," the boy’s father told ABC News.
Euro 2012 Boosts Betfair Revenues
By Keith Weir
LONDON, June 29 (Reuters) - The Euro 2012 soccer tournament helped online gambling exchange Betfair to report strong trading on Friday, with the development of mobile apps seen as a driver of future revenue growth.
The online bet-matching company, set up 12 years ago, reported a 15 percent rise in underlying profits (EBITDA) from its core businesses to 92 million pounds ($142.66 million) in the year to April 30. Betfair shares rose 2.8 percent to 755.5p by 0825 GMT.
Macau Gambling Growth Misses Expectations
(Reuters) - Macau's gambling revenue growth rebounded last month from May, though the increase was slower than expected, signaling muted spending in the world's largest gambling destination.
Revenue rose 12.2 percent from a year earlier to 23.3 billion patacas ($2.92 billion) in June, faster than May's 7.3 percent gain, government data showed on Monday. Analysts had expected a 15 percent increase.
William Hill Goes to War With Betfair Over Horse Racing Levy
William Hill, England’s biggest bookmaker, wants to force Betfair customers into contributing to a horse racing levy. Betfair prides itself on being the largest betting exchange. Because there is no middleman (a bookmaker) as part of the betting exchange business model, customers of Betfair have thus far been exempt from paying money towards horse racing.
William Hill will plead its case in court over the coming week.
Gambling Company News and Tweets – June 29, 2012 (4 pm EST)
Here is all the latest Twitter chatter related to the gambling sector – poker, sports betting, financials, entertainment, politics and more. Be sure to follow Gambling911.com on TWITTER here to get all the latest updated gambling news as it happens.
Top Current Company News: Ladbrokes
Not The Best Week for Ladbrokes: Profit Warning has Investors Heads Spinning
Ladbrokes shares fell 12 percent on Thursday following a profit warning issued by the company. Profits for Ladbrokes online unit are expected to be half what they were for this period compared to last year. Follow Gambling911.com on Twitter for all the latest Ladbrokes news.
Dallas NAACP Wants to End Texas Lottery: Cites Man’s Death as One Reason
Texas could be the third state in addition to Utah and Hawaii that does not offer a lottery should the Dallas chapter of the NAACP have their way.
The NAACP’s claim: The Texas Lottery drains the finances of low-income ticket-buyers, in particular minorities.
Gambling Company News and Tweets – June 29, 2012 (3 pm EST)
Here is all the latest Twitter chatter for June 29, 2012 3 pm EST related to the gambling sector – poker, sports betting, financials, entertainment, politics and more. Get the latest on upcoming events. Be sure to follow Gambling911.com on TWITTER here to get all the latest updated gambling news as it happens.
Euro 2012 Huge for Bookmakers: Helps Boost Betfair Profit by 50 Per Cent
Betfair, the world’s largest sports betting exchange, reported a more than 50 per cent jump in pre-tax profit for the 12 months to April 30, mostly a result of heavy beting on the Euro 2012 in recent weeks.
“The European championships have been our biggest sports betting event. More bets have been laid on the Euros with us than for the last World Cup,” Stephen Morana, Betfair’s interim chief executive.
Online Gambling News: Lock Poker Extends 4K Bonus, Battle of Ronin Through July
This is the latest gambling news as published June 29, 2012 during the 11 am EST hour that includes big news regarding Lock Poker’s extension of its uber popular 200 percent signup bonus that pays up to US$4000 into the month of July (2012). Please follow us on Twitter here for up-to-the-minute breaking news.
Additionally, The Battle of Ronin has also been extended.
What exactly is The Battle of Ronin you ask?
Gambling News: Did Congressman John F. Tierney Knew about Sports Betting Business
This is the latest gambling news as published June 29, 2012 during the overnight and early morning hours including breaking news that Massachusetts Representative John F. Tierney may have known about his brother-in-law’s offshore sports betting business. Wife Patricia was convicted of aiding her brothers in running the Antigua-based operation. Please follow us on Twitter here for up-to-the-minute breaking news.
Gambling News – Bookies, Bettors Thrilled That Late NFL Games Pushed Back 10 Minutes
This is the latest gambling news as published June 28, 2012 during the 4 pm EST hour. Please follow us on Twitter here for up-to-the-minute breaking news.
Sports Bettors, Bookies Alike Rejoice Over Sunday Late NFL Games Being Pushed Back 10 Minutes
Top Macau Casino Tycoon Bludgeoned With Sticks, Hammer
(UPI) - A top casino magnate was bludgeoned by six men in his own casino in Macau, China, an attack police say is reminiscent of Macau's violent history.
Casino hotel investor Ng Man-sun was dining in the restaurant of the New Century Hotel Saturday with a female guest when six men rushed in and beat them with hammers and sticks. The New York Times reported Ng's legs and arms were badly injured; however, the assailants avoided striking him in the head.
Latest Gambling News – Is EU Really Planning to Reign in Offshore Online Gambling Sites
This is the latest gambling news as published June 28, 2012 during the Noon EST hour includes a plan by the EU to crush online gambling businesses...or maybe not. Please follow us on Twitter here for up-to-the-minute breaking news.
The EU Wants to Reign in Illegal Online Gambling Websites
Delaware Online Poker Roll Call Vote Could be Rescinded: ‘Sorry, I Meant to Vote No’
Just when we thought online poker was about to easily become legal in the state of Delaware following yesterday’s vote in the Senate, one of the Senators has come forward to proclaim that he “accidently voted ‘yes’ when he meant to vote ‘no’.”
Say what?
Latest Gambling News – Delaware Online Poker, The Poker Players Championship
This is the latest gambling news as published June 28, 2012 during the 10 am EST hour including Delaware online poker and WSOP updates. Please follow us on Twitter here for up-to-the-minute breaking news.
The Poker Players Championship – WSOP 2012 Final Table Determined
Like Elvis, Lefty Rosenthal Generates Money From the Grave
The ghost of Frank "Lefty" Rosenthal lives on.
The Mob-connected Las Vegas sportsbook operator, whose life was made into the movie "Casino" and who died in 2008, still has a website that's up and running--despite being dead for four years!
Online Poker Bill Passes in Delaware Senate
Amendments attached to a bill that would expand gambling in the state of Delaware while offering online poker for residents of that state have been stricken. The measure itself passed and is widely expected to be signed into law by Governor Markell shortly as his administration is heavily backing said legislation. The Senate passed this bill by a vote of 14-6-1. The bill was passed without amendments.
What is Delaware House Bill 333, the Allowance of Legalized Online Poker, Lotteries
[Update: June 27, 2012 - 1:30 pm EST - No vote yet on this bill, still awaiting vote] A number of Gambling911.com readers are wondering what exactly the critical Delaware House Bill 333 allows for. We already know that online poker will be permitted under this measure for residence of the First State.
Online Poker to be Voted on Today in Delaware Senate
Following a delayed vote on Tuesday, a measure to legalize online poker in the state of Delaware will be first on the Senate’s agenda. BREAKING NEWS ON THIS MATTER COULD BE APPEARING ON OUR TWITTER FEED FIRST SO PLEASE FOLLOW HERE.
The online poker measure, House Bill 333, is part of more expansive gambling legislation strongly backed by the Markell administration, which includes offering casino gambling in additional locations as well as widening sports wagering options.
Shuffle Master Terminates Deal With Ongame Poker
(Market Watch) - Shuffle Master, Inc. (nasdaq global select market:SHFL) ("Shuffle Master" or the "Company") today announced that after careful consideration it has decided not to proceed with the acquisition of Ongame Network Limited.
Internet Poker Bill Vote Delayed in Delaware
A Senate vote to delay Internet poker in the state of Delaware has been delayed.
The absence of one key Democratic leader raised concerns over whether there would be enough votes to pass the measure through.
The Associated Press reported:
Delaware Senate to Vote on Internet Poker, Web Gambling Today
A bill to legalize online poker and other forms of Web gambling will be voted on in the state Senate on Tuesday (June 26, 2012). It is widely expected to pass.
The bill cleared a Senate committee Wednesday despite complaints from church leaders who say it is morally wrong. Delaware's harness racing industry also opposes the bill, saying its members wouldn't get a fair share of the gambling proceeds.
Hollywood Poker Closes but Players Funds Appear Safe at RedKings.com
Another one bites the dust as Hollywood Poker has shut its doors for good. But unlike Purple Lounge Poker Room and Casino, which abruptly shut down last month leaving players high and dry, customer funds at Hollywood will be transferred over to RedKings.com.
BetOnline.ag Investors Acquire Majority Ownership of SportsBetting.ag
A group of investors, consisting of shareholders from BetOnline.ag, are excited to announce a sizeable investment into online gaming site SportsBetting.ag.
With the transition come significant improvements to the SportsBetting.ag brand; including bigger bonuses, faster software, better odds and most importantly – reliable payouts.
A representative from SportsBetting.ag touched upon the upgrades:
The Ramifications of Legalized Online Poker in Delaware Could Prove Significant
On the surface, the potential for legalized online poker in The First State of Delaware doesn’t look like it will have much of an impact. After all, Delaware barely has a population of 800,000. Unless there’s highway construction, it only takes a few blinks of the eye before one is in and out of Delaware driving along I-95 between New Jersey and Maryland/Washington, DC. Be sure to FOLLOW GAMBLING911.COM ON TWITTER as we will be monitoring developments on the Delaware front throughout the comi
Nevada Gives Final Approval to William Hill, Others
The Nevada Gaming Commission has officially granted licenses to William Hill, Bally Technologies and International Game Technology to operate online gambling and, in the case of Hill, sports betting operations within the Silver State.
