Gambling
Gambling Industry Paid Out $38 Billion for Taxes in 2013
LAS VEGAS (Associated Press) — The gambling industry nationwide paid out a jackpot-worthy $38 billion in federal, state and local taxes in 2013, according to a report from the American Gaming Association.
It's the first time the group has added tribal casinos, casino-game makers and some online gambling into the mix for its annual study of the industry's impact in the U.S. The Associated Press obtained a copy of the report's tax revenue figures before its release Tuesday.
Sportsbooks, Pay Per Heads See Few Disruptions With Telecommunications Overhaul
Sportsbook operators and Pay Per Head businesses breathed a collective sigh of relief Sunday morning following the conclusion of work on Costa Rica’s MAYA-1 submarine cable this weekend, one of three that provide cable service to the Central American nation. More than 85% of online sportsbooks and nearly 100% of Pay Per Heads serving the North American player base are headquartered in Costa Rica.
New Jersey Online Gambling Market Continues to Grow
Get the full run-down of the New Jersey online gambling industry since it first opened in November 2013.
So in case you’ve been living under a rock for the past year, online gambling has officially become legal in the state of New Jersey. Despite the struggling casino industry in Atlantic City, it seems that online betting in New Jersey has already taken off. Within just six weeks after the market opened back in November 2013, the online gambling industry generated $8.6 million.
Fortune Five Biggest Organized Crime Families in the World Revealed
The Fortune Five largest organized crime families have been revealed and, while cyber crime is all over the news these days, these organizations still practice the tried and true trades of sex, drugs, gambling and extortion.
From Fortune.com:
Indonesia Begins Caning Gays, Gamblers and Adulterers… Alcohol Drinkers Too
Those found to have had gay sex, get 100 lashes of the cane. Those charged with gambling, same punishment.
The gay sex provision was passed Saturday in the Indonesian province of Aceh. Men guilty of anal sex will receive the 100 lashes of the cane while women found to be rubbing their body parts together could face a similar punishment.
Casino Mogul Steve Wynn Sues ‘Short Seller’ Chanos for Slander
(Reuters) - Steve Wynn, the billionaire casino mogul, has filed a lawsuit accusing prominent short-seller Jim Chanos of slander over an alleged statement that Wynn violated a U.S. anti-bribery law.
Wynn, 72, and his company Wynn Resorts Ltd filed suit against Chanos, founder of New York-based hedge fund Kynikos Associates LP, in federal court in San Francisco.
FlowPlay Gaming Now Has Everything and the Girl!
Earlier this month, shorty after FlowPlay Inc.
Nevada Casino Revenue Down 4 Percent in August
State officials say Nevada gambling revenue was down nearly 4% in August compared with a year earlier, largely due to a drop in winnings on the Las Vegas Strip.
Nevada Gaming Control Board officials said Friday that casinos brought in $920 million in August, down from $955 million a year ago.
Revenue on the Las Vegas Strip was down 6% year-over-year to $553 million, while downtown revenue went up 4% to $35 million.
Reno gambling revenues were down 2% to $53 million.
Could Sports Betting Help PA Gov Get Re-Elected? State’s Top Pundit Weighs In
For decades, Pennsylvania residents have trekked to neighboring New Jersey to get their gambling fix.
Casinos lined the Boardwalk in Atlantic City, and a walk through any of the casino's parking garages revealed that half of the cars had Pennsylvania license plates.
The Keystone State, which had no casinos, was losing A LOT of revenue to the Garden State.
Ladbrokes Leaves Canada
The UK’s second largest online bookmaker, Ladbrokes, will be exiting the Canadian market, much to the dismay of Canadians.
Customers in Canada have 30 days to withdraw from their accounts as of September 24, 2014.
Ladbrokes apparently feared that their operating in Canada was considered “a grey area” withr egulators restricting online betting services to registered provincial lottery corporations in some provinces such as British Columbia.
Ladbrokes market share in Canada represented less than 0.5% of its business.
‘Barefoot’ Exec at New York Investment Firm Pleads Guilty to Inside Trading
Michael Lucarelli, who was mocked on Comedy Central’s The Daily Show after running away barefoot from photographers last month, has plead guilty to one count of securities fraud for inside trading. He will be sentenced in January and faces up to 20 years prison time.
Lucarelli had served as a director of market intelligence at Lippert/Heilshorn & Associates prior to being charged last month.
Man Wins $57,935 Off $5 Bet on Chicago Bears
An unidentified Arizona man won $57,935 after placing a $5 parlay bet on the Bears vs. Jets Monday Night Football game.
How Can Gaming Companies use Marketing without Solid Footing in Business Acumen
The gaming field continues to grow and transform - With the insurgence of social media, companies are forced to become increasingly innovative and captivating with their messages to garner attention. Even though the market continues to evolve, there are still some tried and true tactics to utilize in order to succeed in the coming years.
Floyd Mayweather Jr: 'Reality' TV Show Promoting Marcos Maidana Fight was All Fake
Undefeated boxer Floyd Mayweather Jr. has confessed that a “reality” television show promoting his fight with Marcos Maidana was not reality. “All Access” featured Mayweather attending pot smoking parties and betting on sports.
From the Daily Mail:
Apuestas en línea en Chile: Adonde apostar
Apostar en línea, como uno podría esperar, es algo bastante popular en la nación sudamericana de Chile. Si buscas en donde apostar, no busques más, la respuesta es BetCRIS.com, que ofrece sus servicios a todo el mercado Latinoamericano.
Chile, con alrededor de 18 millones de personas, es una de las naciones más habitadas de Suramérica, y uno de los mercados más grandes para BetCRIS.com.
South Carolina’s Biggest Gambling Bust Case May Go Bust Also
They are calling it the single biggest gambling bust in South Carolina history yet, thus far, nobody has faced a jury almost one year later and time is running out.
Những người ghi cá độ ở khu vực Houston-Sugar Land-Baytown cho những con bạc Việt Nam
Có nhiều người ghi cá độ ở khu vực Houston-Sugar Land-Baytown cho những người Việt cá cược thể thao sành sõi. Houston là một trong những nơi có dân số người Việt đông đảo nhất ở Mỹ và họ thích đen đỏ trên các trận thể thao. PayPerHeadAgents.com là một trong các doanh nghiệp ngoại quốc Trả Theo Đầu Người phục vụ cho những người ghi cá độ trong vùng này. PayPerHeadAgents.com cũng có dịch vụ khách hàng nói tiếng Việt.
Casino Closings May Diminish New Jersey's Tourism Economy
(Associated Press) - In retail, it's a numbers game, so whenever Rachel Lewis heard or read that another casino was closing here, she'd get knots in her stomach.
The thought racing through her mind: Fewer casinos means fewer hotels, which equates to fewer tourists at her stores.
Leading Tech Entrepreneurs Name the Isle of Man the Digital Currency Capital of the World
Isle of Man, 22 September 2014 -- A sell-out crowd of over 150 entrepreneurs, enthusiasts, government and private sector representatives from around the world convened for the inaugural Crypto Valley Summit (CVS) on the Isle of Man from Wednesday 17th September through Thursday 18th September to discuss the future of digital currencies.
ABC News Report: ‘I Lost $70k Playing Fantasy Sports’
Fantasy Sports is gambling, hence, the activity does come with a fair amount of risk. This is illustrated in a Sunday special from ABC News, which examines one Fantasy Football player who claims to have lost at least $70,000 betting on individual players in leagues offered at the likes of FanDuel.com and DraftKings.com.
From ABC News:
The LCB Network Acquires Wizard of Odds for $2.35 Million
It is definitely the purchase of all purchases for the LCB Network: the acquisition of WizardofOdds.com (WOO) &WizardofVegas.com (WOV) in a staggering deal worth $2.35 million.
BetButler.com License Revoked by UK: Site Unavailable
In yet another black eye for UK online gambling, BetButler.com has had its licensed revoked in that nation. As of Saturday morning, the site remained offline, though BetButler.com apparently went out of business last month.
Breaking News: Ultimate Gaming Exits NJ Market in Wake of Taj Mahal Bankruptcy
LAS VEGAS - Ultimate Gaming announced today that it has terminated its online gaming agreement with Trump Taj Mahal Associates LLC, which filed for Chapter 11 bankruptcy protection. The agreement was terminated due to multiple breaches by Trump Taj Mahal Associates. As a result of the termination, Ultimate Gaming will be withdrawing from the New Jersey online gaming market. Ultimate Gaming will continue to maintain its existing online poker operations in Nevada through UltimatePoker.com.
Biggest Rolls-Royce Order Ever Placed: Casino Owner Buys 14 Phantoms for $20 Mil
(Associated Press) - A Hong Kong tycoon has placed the biggest ever order for Rolls-Royce cars, agreeing to buy 30 Phantoms to chauffeur guests at a luxury resort he's building in the global gambling capital of Macau.
Stephen Hung's $20 million purchase surpasses the 14 Phantoms bought by Hong Kong's Peninsula Hotel in 2006. Hung and Rolls-Royce executives signed the deal Tuesday at the company's Goodwood factory in England.
Donald Trump: ‘Does Anyone Notice That Atlantic City Lost Its Magic When I Left?’
Donald Trump took to Twitter after one of the casinos in Atlantic City that bore his name closed on Tuesday.
Apuestas en línea en Uruguay: Adonde Apostar
Las apuestas en línea, como en la mayoría de países, son muy populares en Uruguay. Si buscas en donde jugar, no busques más, el lugar es BetCRIS.com, empresa consolidada cuyo mercado es el Latinoamericano.
Los que viven en Uruguay aman los deportes, en especial del fútbol.
Bookies in Indiana: Notre Dame, Indianapolis, Fort Wayne, More
Bookies are plentiful throughout the state of Indiana especially with Notre Dame playing so well this season to start things off. But beware, the state’s gambling enforcers have been on a crusade in recent years.
Nevada Judge Pleads Guilty in Federal Fraud Case: Some Funds Used for Gambling
LAS VEGAS — (Reuters) - A longtime Nevada state court judge pleaded guilty Wednesday to a federal conspiracy charge in a plea deal that cost him his elected position, his law license and is expected to get him 27 months in prison for his role in a decade-long investment fraud that prosecutors said reaped more than $2.6 million.
Chicago Bulls Eye Fantasy Sports Sponsorship: FanDuel, DraftKings Frontrunners
With the National Basketball Association ending its restrictions on Fantasy Sports sponsorship deals last month, the Chicago Bulls expect to jump into the fray in a very big way.
ESPN ‘Playing for the Mob’ Profiles Boston College Point Shaving Scandal
ESPN will be releasing a documentary next month entitled “Playing for the Mob”, profiling the infamous 1978-1979 Boston College point shaving scandal.
