Gambling
Bookmaker Pleads Guilty: Claims Gambling Debt Tied to NHL Team, Thomas Vanek
A Rochester, New York area bookmaker plead guilty Thursday to laundering $230,000 in monies derived from gambling, a debt his attorney claims was made with a New York Islanders NHL team check.
Borgata Revenue Increases Nearly 5 Percent in Third Quarter
ATLANTIC CITY, N.J. (Associated Press) — The Borgata's revenue increased by nearly 5 percent in the third quarter of this year, and it increased its share of Atlantic City's gambling market to 24 percent.
The figures were released Thursday by the casino's parent company, Boyd Gaming.
Company president Keith Smith says earnings before interest, taxes and other charges were $56.9 million in the third quarter, up more than 22 percent from a year ago.
The Borgata benefited from a tax settlement with the city of Atlantic City that contributed $8.1 million to earnings.
MGM Posts Narrower Losses
(Reuters) - MGM Resorts International posted weaker-than-expected bottom-line results for the third quarter, injure by lower revenue at its China operations.
Shares fell 3.9% to $22 in recent premarket trading. The company has seen traffic increase at its Las Vegas hotels and casinos and has generally done well in Macau. Beyond these core markets, MGM Resorts, like its rivals, is looking to broaden its market in to Japan following momentum in the country toward legalized gambling.
The Rise of Vegas, Fall of Macau: Wynn Latest to Report Shifting Tide
LAS VEGAS (Associated Press) — Las Vegas was good to Wynn Reorts Ltd. in the third quarter but not enough to make up for a stormy three months in Macau.
Wynn reported Tuesday that the company's revenue dropped 1.4 percent to $1.37 billion in the quarter as gains in Vegas were offset by a decline in Macau, its biggest market.
The company's net income rose about 5 percent on lower expenses to $191.4 million or $1.88 per diluted share, and adjusted earnings per share of $1.95 met Street expectations, according to a survey by FactSet.
Nevada Sportsbooks had Their Third Best Month Ever: NJ Left Out in the Cold
Nevada sportsbooks raked in $37.27 million from $339.1 million bet during the month of September, making it the third best month in amount won and wagered for the books according to the Nevada Gaming Control.
The sportsbooks enjoyed nearly an 11 percent hold on College Football and NFL bets.
"Sports betting is on a roll," said Nevada Gaming Control senior research analyst Michael Lawton.
Date Set for Hearing on New Jersey Sports Betting
TRENTON, N.J.— (Associated Press) - A judge who temporarily stopped New Jersey from allowing legalized sports betting last weekend has set a court date for the state, major U.S. professional sports leagues and the NCAA to argue whether the ban should be extended.
Lesniak Blames Credit Card Firms for Online Gambling’s Lackluster Performance in NJ
New Jersey State Senator Raymond Lesniak, speaking via Skype at the Mobile and Tablet Gambling Summit USA at Bally’s on Monday, said he still has great hopes for Internet gambling in New Jersey but blamed credit card processing banks for stymying growth.
Mobster Skinny Joey Merlino Will Surrender to Feds After Meeting With ‘Bad Guys’
Retired mobster “Skinny” Joey Merlino, 52, is set to head back to prison, at least for a brief time.
Atari Enters Social Gaming, Casino Space With Atari Jackpots
New York – Atari®, one of the world's most recognized publishers and producers of interactive entertainment, in partnership with FlowPlay, a leader in virtual world games and technology and the creators of Vegas World, today announced the launch of Atari Jackpots™.
Nevada Gambling Revenue Fell 6 Percent in September
LAS VEGAS — (Associated Press) - State officials say Nevada gambling revenue fell 6 percent in September from the same time last year.
The Nevada Gaming Control Board reported Tuesday that casinos brought in $902 million last month.
Las Vegas Strip gambling revenues were down 12 percent to $495 million, while downtown revenues were down 4 percent to $43 million.
Reno casinos won $48 million in September, which is down about 2 percent year-over-year. South Lake Tahoe gambling revenues of $24 million bucked the trend and were up 7 percent over last year.
Offshore Gambling Kingpin Captured Snorting Heroin at NJ Rest Stop
Reputed Genovese crime family member Vincent Coppola was arrested this past week as part of a roundup of individuals tied to what New Jersey authorities call an elaborate racketeering operation.
Fantasy Basketball: Questions About Legality Remain
Fantasy Basketball in the US is legal under federal law but that doesn’t mean your individual state permits it.
With Fantasy Basketball getting into full swing over the next few days, questions about its legality will surely arise.
One need only look at the gambling industry to understand why federal vs. state law does matter.
Taj Mahal Workers Furious Over Icahn Plans to Save Casino
ATLANTIC CITY N.J. (Reuters) – Hundreds of unionized workers lashed out at Carl Icahn on Friday, picketing the Trump Taj Mahal Casino where the billionaire activist seeks to terminate health-care and pension plans.
Members of UNITE HERE Local 54 picketed the Atlantic City casino a week after bankruptcy court approved a $US100 million plan by Icahn, who holds the mortgage to the property, which hinges on benefit cuts and tax concessions from city and state governments.
Online Sportsbook Bonus With No Rollover: AceSportsbook.com Has 1x
If you are looking for an online sportsbook bonus with zero rollover, good luck. These companies are not charities. But there is some good news. AceSportsbook.com currently features a bonus offer with a nominal 1x rollover.
Joey Merlino, Ex-Mob Boss, Gets 4 Months For Meeting Friend
PHILADELPHIA (Associated Press) — A reputed former mob boss was ordered back to prison Friday for violating parole, and his lawyer complained that the FBI would pursue his client "to the grave."
Joseph "Skinny Joey" Merlino, the reputed head of Philadelphia's La Cosa Nostra in the 1990s, must serve four additional months for failing to report a meeting with a former co-defendant at a Boca Raton, Florida, cigar bar.
Judge Issues Temporary Restraining Order to Stop Sports Betting in NJ
U.S. District Court Judge Michael Shipp issued his ruling on whether New Jersey will be able to offer sports betting beginning this weekend at Monmouth Park racetrack. The decision was made shortly after 4:50 pm ET. The judge issued a temporary restraining order that would prevent that track and other venues from offering sports betting in the immediate future.
‘Simpsons’ Sued for $250 Million Over ‘Goodfellas’ Character
Frank Sivero has filed a lawsuit against the long running primetime animated series "The Simpsons" claiming they based the character Louie off of his "Goodfellas" character.
The suit claims that it was Sivero who created the Louie character and, as such, he should be fully compensated.
Taj Mahal Closing in Atlantic City ‘Inevitable’ Says Icahn
ATLANTIC CITY, N.J. (Associated Press) — Billionaire investor Carl Icahn says the struggling Trump Taj Mahal casino "will almost certainly close."
NJ Fights Back With Motions to Allow Sports Betting: Leagues Seek Injunction
It’s been a crazy couple of days in the Garden State as New Jersey prepares to begin allowing legalized sports betting just in time for the NBA, NHL and College Basketball seasons, not to mention both the NFL and College Football are well underway.
Romanian Princess Gets Probation in Cockfighting Case
PORTLAND, Ore. — (Associated Press) - A Romanian princess was sentenced Wednesday to probation after apologizing for her role in an Oregon cockfighting enterprise that she said brought shame to her and her family.
Outsource Bookmaking and Sportsbook for Bookies
For anyone looking to go with an outsource bookmaking business or sportsbook look no further than PayPerHeadAgents.com, a leader in the Per Head sector.
PayPerHeadAgents.com has everything for your football betting needs but they also cater to those focusing on this season’s College Basketball, NBA and NHL betting in addition to other major sports including Soccer.
‘The Gambler’ Trailer Released: Mark Wahlberg Film Due Out December 19
A trailer for the upcoming Mark Wahlberg film “The Gambler” surfaced across the Web on Wednesday with the film set to open in select theatres December 19.
Wahlberg reprises the role of literature professor, Jim Bennett, whose gambling problems run him afoul of gangsters in the 1974 movie of the same name.
The film is directed by Rupert Wyatt, with a screenplay by Academy Award® winner William Monahan, and produced by Academy Award® nominee Mark Wahlberg, It also stars Jessica Lange.
Government Waste: Taxpayers Paid for Gambling Monkeys, Rabbit Massages
Your US tax money hard at work paying for, among other things, Swedish massages for a dozen rabbits and lessons that taught monkeys how to gamble. Claim Your FREE $250 Here - So easy a monkey can sign up (use bonus code G911).
Fantasy Sports Propels NFL to Record Ratings: Has Become a Cultural Phenomenon
ANAHEIM HILLS, Calif., Oct. 20, 2014 (GLOBE NEWSWIRE) -- Eilers Research, LLC has announced the publication of an in-depth white paper titled: "Daily Fantasy Sports: The Future of US Sports Wagering?" The report, authored by Adam Krejcik, Managing Director of Digital & Interactive Gaming, takes a comprehensive look at the financial health of the Daily Fantasy Sports market, as well as an analysis of the competitive landscape and expected industry growth through 2020.
Floyd Mayweather Finally Loses a Bet
He may be undefeated in the ring, but big time sports bettor Floyd Mayweather Jr. has finally confirmed he’s not always a winner when it comes to picking games.
Ex-Palms Sportsbook Employee Charged in Bet-Rigging Gets Probation
LAS VEGAS — (Associated Press) - A former Las Vegas casino worker was sentenced in federal court to probation and must pay restitution for his role in what authorities say was an $800,000 betting fraud scheme.
Matthew Kidle, 31, apologized before sentencing Monday by U.S. District Judge Jennifer Dorsey in Las Vegas, the Las Vegas Review-Journal reported.
Ifrah Reacts to Professional Leagues Attempt to Block NJ Sports Betting Law
According to well-known sports betting attorney Jeff Ifrah, the lawsuit by the NFL, NBA, MLB and NCAA seeking to block enforcement of the New Jersey Sports Wagering Law doesn’t make much sense.
11 Reputed Mobsters Arrested, Reaped Millions From Sports Betting, Loansharking
11 reputed mobsters from the New Jersey/New York area were arrested on Tuesday, charged with loansharking, sports gambling, unlicensed check-cashing and money laundering.
All but one of the individuals resided in New Jersey. The other was arrested in New York City. Each of the individuals is alleged to have connections to the Genovese crime family.
55 Percent of NJ Respondents: Sports Betting Would be Bad For AC
In a recent poll of New Jersey residents conducted by Rutgers-Eagleton it was discovered that only 7% of respondents had actually tried gambling on one of the state’s regulated online gambling sites and only 5% said the activity was good for Atlantic City’s troubled gambling industry.
23% said online gambling made no difference for Atlantic City, and 17% said they were not sure.
Breaking News: 11 Reputed Mobsters in New Jersey Arrested for Sports Betting, More
NEWARK, New Jersey — Eleven reputed members and associates of a major New York-based organized crime family are facing charges in New Jersey.
Acting state Attorney General John Hoffman will announce details of the arrests during a news conference in Newark Tuesday.
The attorney general's office alleges the suspects reaped millions of dollars through loansharking, sports gambling, unlicensed check-cashing and money laundering.
The news conference was taking place at 11:30 a.m.
