Gambling
Brits Blowing Away £1.7billion on Gambling Machines
The Mail on Sunday this weekend revealed that those living in the UK are spending £1.7billion gambling on fixed-odds betting terminals.
Poker Pro Paul Phua Son Pleads Guilty in World Cup Betting Probe: Was Homesick
LAS VEGAS — (Associated Press) - The son of a wealthy Malaysian businessman accused of running an illegal sports betting ring together during the World Cup has pleaded guilty to a lesser charge in order to return home.
March Madness ‘Gambling Holiday’ Risky for Compulsive Gamblers
It’s an office tradition that can create camaraderie, boost morale and provide escape from daily routine.
LCB Helps the Impoverished Through Kiva
Since February 2010 Latest Casino Bonuses (LCB) has been a member of Kiva.*Kiva* (http://www.kiva.org/ ) is a non-profit organization that offers a brilliant concept to help the less fortunate through an incredible program.
The company was founded in 2005 in an effort to alleviate poverty throughout the world, even in the most isolated global corners.
By helping the poor start up their own business or build better living conditions it aids in creating better lives for individuals and their families.
Paddy Power Reports Record Profits
Ireland’s biggest bookmaker, Paddy Power, has reported some of its biggest profits ever.
Shares in the company continued to surge on news that Paddy claimed €167 million in profits before tax and that it plans to return up to €392 million to shareholders.
The company’s net revenue increased 18% to €882 million with pre-tax profits growing 21% to €167 million. These impressive figures were helped by the number of bets placed at Paddy Power increasing by 16%. Online gambling makes up 77% of its overall business.
Betfair Better Than Expected 3rd Quarter
LONDON, March 5 (Reuters) - Online gambling company Betfair hiked its full-year profit forecast range on Thursday after trading remained strong following a better-than-expected third-quarter, sending its shares sharply higher.
The company, which runs an exchange that allows gamblers to bet against each other, said revenue jumped 20 percent in the three months to Jan. 31, as investment in products and marketing helped increase active customer numbers by half in its core markets, with sports and gaming income up strongly.
Italian Police Arrest Mobster Hiding Inside Sofa
An Italian Mafia boss on the run since April 2013 was arrested Wednesday after engaging in a chase with officers. The mobster was found hiding inside a sofa.
63-year-old Vincenzo Pariante was convicted in absentia and sentenced to life imprisonment for commissioning the 2004 murder of two other mobsters from a rival clan.
Macau’s Gambling Woes are a Win for Wynn
Despite the highly publicized corruption crackdown that has left the gambling hub of Macau nearly in tatters, one casino group operating there will benefit to the tune of $511 million.
That is the amount the Chinese subsidiary of Wynn Resorts Ltd. plans to issue in the form of a special stock dividend this month, according to Howard Stutz of the Las Vegas Review Journal.
More Time Permitted for Revel Casino to Seek Higher Bids
CAMDEN, New Jersey — (Associated Press) - A bankruptcy court judge says more time is needed to seek higher bids for Atlantic City's former Revel Casino Hotel.
Judge Gloria Burns delayed a decision Wednesday on the proposed $82 million sale of the shuttered gambling hall to Florida developer Glenn Straub. She did so after Los Angeles developer Izek Shomof expressed interest in buying Revel, but for $2 million less.
The $2.4 billion casino closed in September after just over two years of operation, during which it never turned a profit.
Brisk Early Betting Reported in Vegas on Pacquiao-Mayweather Fight
LAS VEGAS – (Associated Press) - Manny Pacquiao has always believed he can do what 47 other fighters before him have failed to do -- beat Floyd Mayweather Jr. in the ring.
Turns out a lot of other people are believers too. And they are backing their opinions with money.
U.S. Government Blames Iran for Hack of Sands Casino Websites
Senior government officials have reportedly linked Iran to a hacking attack on the Sands Casino websites last year.
Hackers knocked all of the Sands websites offline and published sensitive personal information about Sands employees including their social security numbers in February of 2014. The sites remained down for over a week.
Hearing on RAWA Internet Gambling Prohibition Bill Postponed
A House Sub Committee hearing on Internet gambling prohibition scheduled for this Thursday has been postponed due to anticipated inclement weather.
Three Florida Men Convicted in Connection With Legends Sports Case
Three individuals from Florida have been convicted in Oklahoma City for their role in running what federal prosecutors called a billion dollar illegal sports betting enterprise run out of Panama City, Panama.
Casino Revenue in Macau Plunges Nearly in Half During February
HONG KONG (Associated Press) — Casino revenue in the world gambling capital of Macau plunged by nearly half last month as fewer mainland Chinese high-rollers visited during the busy Lunar New Year holiday.
Data posted on the gambling regulator's website Tuesday show that February's gross gambling revenue fell by 48.6 percent from a year earlier, the biggest monthly decline on record.
It's the ninth straight month that gambling revenue has declined in Macau.
BetConstruct Grabs Gold and Lanyard Sponsorships at Upcoming DFSE in Miami Beach
Existing operators and those looking to enter the lucrative new industry of daily fantasy sports will be happy to know that software providers and white labels plan to show up in force this August in Miami Beach for the first ever Daily Fantasy Sports Expo (DFSE).
The most visible of these providers is going to be BetConstruct. They have secured both the gold and lanyard sponsorships at DFSE.
Las Vegas Westgate Casino Finds Innovative Way to Offer Online Sports Betting in US
The Westgate Casino and Sportsbook in Las Vegas on Monday announced it had entered into a deal that would allow sports betting throughout the U.S.
What’s Everybody Betting On – March 2: Juventus Turin, Warriors, Baylor, Virginia
The Golden State Warriors as a -6.5 visiting favorite in Brooklyn were seeing the heaviest betting action of the day.
The line on this game had come down to -6 but that number was still attracting 75% of the bets Golden State’s way.
Nevada Supreme Court Rejects High Roller’s Appeal Regarding Casino Debts Owed
CARSON CITY, Nevada — (Associated Press) - The Nevada Supreme Court has denied an appeal by a high roller accused of failing to pay $384,000 in gambling debts to four Las Vegas casinos.
Skrill to Exhibit at Daily Fantasy Sports Expo in Miami Beach
Another huge addition to this August’s Daily Fantasy Sports Expo in Miami Beach as one of the world’s largest payment solutions, Skrill , will be a main exhibitor. Skrill, formerly known as Moneybookers, is only second to PayPal in terms of customers in the digital payments solutions sector.
What’s Everybody Betting On – March 1: MSU vs. Wisconsin, SMU, Clippers
There is plenty to bet on this first day of March with College Basketball and NBA dominating the slate.
Former Top Sheriff’s Deputy Charged for Selling Inside Info on Gambling Probe
GREENVILLE, South Carolina — (Associated Press) - A former top sheriff's deputy in Greenville County faces criminal charges after prosecutors say he sold inside information on investigations in return for payoffs from an illegal gambling operator.
What’s Everybody Betting On – February 28
It’s all about College Basketball, at least for the first half of the day Saturday.
Perhaps the most wagered on side of the day would have to be Arkansas at +15.5 and seeing 85% of the action.
New CNBC Primetime Program ‘American Vice’ Looks at Bookies, Poker World
A new CNBC Primetime show is set to premiere Wednesday March 4 at 10 pm ET.
Get an inside look at the world of illegal gambling. Follow those who walk the line between big risk and big reward every day.
And some of the names cry out “Not Reality Television”.
There’s Cousin Nicky, Joey Terror and Frankie Flatscreen.
What’s Everybody Betting On – February 27: Latest NBA, College Basketball Lines
Today’s betting action mostly centered on the NBA even though there are some College Basketball games on tap.
The Golden State Warriors were seeing the most action against Toronto as a -2 road favorite. 86% of those betting this game were backing the Warriors.
FC Bayern Munchen was attracting 80% of the action in their matchup against FC Koln.
Betting on the Olympics Now Allowed in Vegas
LAS VEGAS (Associated Press) — Come summer 2016, when the best of the best athletes climb podiums wearing gold, silver and bronze medals, Las Vegas gamblers could very well be counting their green.
Nevada gambling regulators voted Thursday to allow the state's sports books to offer bets on the Olympics for the first time in years.
It was a move unopposed by anyone in the industry and cheered by the regulators themselves. International sports books in Great Britain, Ireland and Australia and offshore Internet sites already allow such bets.
Lefty Rosenthal Home Vegas Home Sells for $777K
A home once owned by late famed casino exec Frank “Lefty” Rosenthal has sold for a cool $777,000.
Curbed.com refers to the house as “about as groovy a 70s time capsule as you’re likely to find adjacent to the Las Vegas Country Club”.
Crubed.com also notes:
Adelson Camp a No-Show at Online Gaming Debate
Washington, DC - At a forum today to openly debate the issue of a federal online gaming ban, representatives supporting the ban, fueled by billionaire casino magnate Sheldon Adelson, failed to appear.
Ladbrokes Posts 9 Percent Fall in Profits
(Reuters) – Ladbrokes (LAD.L), Britain’s second biggest bookmaker, said it intended to maintain its dividend in 2015, defying some analysts' expectations of a cut to help fund marketing costs, as it posted a 9 percent fall in annual profit.
The firm has struggled to keep pace with rivals such as William Hill (WMH.L) and establish itself in a growing online sector, with investment in marketing and product lagging others.
Latest Joe Francis Lawsuit Supports Wynn Accusations of 'Illegal Spending'
Lawyers who are attempting to collect approximately $2.2 million in debts owed by “Girls Gone Wild” founder Joe Francis claim much of that money was spent on his palatial Puerto Vallarta, Mexico estate.
What’s Everybody Betting On – February 26: Thunder, Liverpool FC
While a slow wagering day overall with limited games in the NBA and nominal matchups for the most part in both College Basketball and Soccer, there are still some good games on the board that are seeing decent action.
The Oklahoma Thunder are seeing the most action of any side Thursday with 85% of spread bets coming in on this game going their way. The Thunder were listed early as a -5 favorite.
