Top Stories: N.J. Prosecutors Seek to Keep $238K Seized in Illegal Gambling Bust

Submitted by C Costigan on

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C Costigan

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The Essex County Prosecutor’s Office has filed a lawsuit seeking to keep more than $238,000 seized from two men who were charged with using their business and home as fronts for illegal, high-stakes gambling operations. Scroll down for all the latest trending stories and top gambling industry, sports, crypto headlines from around the globe.

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Olvin J. Rodriguez Cuevas and Danilo Rodriguez, both of Bergen County, were arrested June 20 during the execution of search warrants at an Orange Avenue business in Irvington and their home on Garibaldi Avenue in Lodi, according to court documents.

Police raided both locations, seizing a total of $238,167, which the prosecutor’s office claims were illegal gambling proceeds. (more from NJ.com)

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More Headlines Gambling911 is Following

(Sweepstakes Casinos) - California Sweepstakes Casino Ban Coming to Fruition - Pechanga Band of Indians. Editor of http://Pechanga.net, Victor Rocha, confirmed early Tuesday that California Governor Gavin Newsom is set to sign a sweepstakes casino ban bill into law. "I was told Governor Newsom will sign the sweepstakes bill next week. I wish he would do it tomorrow while I’m at G2E. Just seems apropos," Rocha announced via his Twitter account. The new law would effectively ban sweepstakes casinos like Chumba from operating in the Golden State.

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(Prediction Markets) - New York Stock Exchange Joins Forces With Polymarket - Big news from the world of prediction markets as the owner of the New York Stock Exchange annouced Tuesday a $2 billion investment in Polymarket

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(Gambling) - Entain CEO Warns Gambling Tax Rise Could Lead To High Street Betting Shop Closures - In an interview with The Times, Stella David, brand operator for Entain, said: “At the end of the day we want to make a profitable global business. There are other markets we have to pivot to as being more worthy of investment. There will be consequences. Having a dislocating increase in tax will have a dislocating impact on the industry.”

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(Crime) - Argentinian Streamer Joaco López the Latest to Be Probed for Promotion of Gambling Apps - Another shock investigation was announced in the world of YouTube influencers, once again pertaining to the promotion of gambling apps deemed to be illegal. This time the focus is on Argentina. Argentinian authorities seized digital equipment and documents from the the residence of popular streamer Joaco López during a weekend raid. The streamer was warned on two previoius occasions and laughed off the raid via his Instagram account (read more at Gambling911 here)

- Chris Costigan, Gambling911.com Publisher 

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