Gambling News

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:

Submitted by Jagajeet Chiba on, Sat, 09/27/2014 - 20:37

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.

Submitted by Jagajeet Chiba on, Sat, 09/27/2014 - 17:12

Fantasy Week 4 NFL Values: Blake Bortles, Matthew Stafford, Eddie Lacey

When it comes to Fantasy Week 4 NFL values, the Jaguars Blake Bortles is being recommended just about everywhere.

Submitted by Tyrone Black on, Fri, 09/26/2014 - 23:45

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.

Submitted by Reuters on, Fri, 09/26/2014 - 20:07

FlowPlay Gaming Now Has Everything and the Girl!

Earlier this month, shorty after FlowPlay Inc.

Submitted by Tyrone Black on, Fri, 09/26/2014 - 15:08

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.

Submitted by Associated Press on, Fri, 09/26/2014 - 14:40

Star Fantasy Reacts to HBO’s ‘Real Sports’ Piece About Daily Fantasy Sports

If you’re like us, you tuned in to watch Carl Quintanella’s portrayal of the daily fantasy sports industry on Tuesday’s Real Sports With Bryant Gumbel. According to the FSTA, 41 million people played fantasy sports last year in the USA alone. It should come as no surprise that our burgeoning industry is capturing the curiosity of the media.

Submitted by Press Release on, Fri, 09/26/2014 - 11:28

Former Ultimate Poker Pro William Reynolds Trashes Company on Twitter

A former pro for the first US-regulated online poker site, Ultimate Poker, took to Twitter to bash the company after it pulled out of the New Jersey market.

Submitted by Nagesh Rath on, Fri, 09/26/2014 - 00:34

The Last Thoroughbred Race Track in New England Shuts Down

BOSTON (Associated Press) — Massachusetts gambling regulators say they'll entertain proposals from anyone interested in keeping the thoroughbred racing industry alive at Suffolks Downs after New England's last remaining track closes.

The annual deadline for state racing licenses is still Oct.1, but the Massachusetts Gaming Commission said Thursday that it will accept "placeholder" plans that need more time to be developed.

The panel also said it will find ways to assist affected workers, including possibly re-directing money designated to boost race prizes.

Submitted by Associated Press on, Thu, 09/25/2014 - 23:00

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.

Submitted by Thomas Somach on, Thu, 09/25/2014 - 22:12

Globe and Mail: David Baazov Positioned to Rule the Online Poker World

Few have heard of David Baazov, yet he’s about to become the head of the world’s largest online poker firms.

Submitted by Patrick Flanigan on, Thu, 09/25/2014 - 20:13

PokerStars Terminating Affiliate Agreements

If you are an affiliate of the world’s largest online poker site, PokerStars.com, it appears you won’t be for much longer. The company has begun terminating affiliate contracts. Whether this will affect everybody remains to be seen.

PokerStars was purchased by Amaya Gaming over the summer and it was widely rumored then that major changes would be on the horizon, some of which would adversely affect business relations.

Submitted by Ace King on, Thu, 09/25/2014 - 13:18

Inside PokerStars – A Look at the Inner Workings of the World’s Largest Poker Site

PokerStars.com has introduced a new series entitled “Inside Poker Stars” where we actually get a glimpse of the inner workings of the world’s largest online poker site.

The site services a total of 63 million registered users, the vast majority of whom play for real money, though the site also offers a free-to-play platform.

The company has also dealt more than 110 billion hands since it first came online a day that will forever live in infamy – September 11, 2011.

Submitted by Ace King on, Thu, 09/25/2014 - 11:48

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.

Submitted by Aaron Goldstein on, Thu, 09/25/2014 - 02:36

Bitcoin Set to Revolutionize Online Gambling

The average price of Bitcoin has settled in between $400 and $500 without the extreme upswings and downswings we witnessed earlier in the year, suggesting stabilization of the anonymous online currency.

Submitted by Aaron Goldstein on, Thu, 09/25/2014 - 01:07

2014 Week 4 NFL Fantasy Tips, Player Values: Drew Brees, Matt Forte

Gambling911.com has your 2014 Week 4 NFL Fantasy Football tips courtesy of BetAmerica.com. Enter the BetAmerica Pick Six Jackpot contest on BetAmerica Sports for $5.50, Week 4 jackpot is $2000.

Submitted by Tyrone Black on, Thu, 09/25/2014 - 00:46

‘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.

Submitted by Jagajeet Chiba on, Wed, 09/24/2014 - 19:50

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.

Submitted by Ronn Torossian on, Wed, 09/24/2014 - 11:48

Carl Icahn to the Rescue of the Taj Mahal, Betfair to Remain in NJ

Carl Icahn, who already has interests in one Atlantic City casino, is looking to possibly infuse money into the troubled Trump Taj Mahal, but only under certain conditions.

Submitted by Aaron Goldstein on, Wed, 09/24/2014 - 10:56

Poker Player Confesses to Scamming Others Out of Nearly $300K

Poker player Justin Archuleta has admitted to scamming the poker community out of nearly $300,000.

Submitted by Nagesh Rath on, Tue, 09/23/2014 - 22:13

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:

Submitted by Tyrone Black on, Tue, 09/23/2014 - 21:55

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.

Submitted by Gilbert Horowitz on, Tue, 09/23/2014 - 15:31

Everleaf Poker Network Owner Charged With Misappropriation of Player Funds

A Maltese court has charged the founders of the now shuttered Everleaf Poker Network with misappropriation of player funds. The company still owes an undisclosed amount of monies to players.

From PokerSites.com:

Submitted by Ace King on, Tue, 09/23/2014 - 12:23

Congress May Consider Online Poker Exemption: War Should Quash Those Hopes

A Sheldon Adelson-backed online gambling prohibition bill, the Restoration of America's Wire Act (RAWA), is reportedly gaining some steam in Congress though the odds are against passage during the so-called “lame duck” session.

According to media reports, Bally Tech’s John Connelly was quoted during a recent conference that he expects a federal push to make “everything other than poker illegal” this November.

Submitted by Gilbert Horowitz on, Tue, 09/23/2014 - 11:31

Poker Night in America Episode 11 - Gavin Smith, Bacon Jackets, Bar Fights

“Poker Night in America” Episode 11 can be viewed below with the chief star of this episode being the one and only Gavin Smith.

Submitted by Press Release on, Tue, 09/23/2014 - 10:41

Last Entrant is Last Man Standing on Heartland Poker Tour

Commerce, CA - Jonathan Chen was the final player to register for the Heartland Poker Tour Main Event at The Commerce Casino this weekend. When it was all said and done, he was also the last player with chips. Chen finished off a tough field at the nationally-televised Final Table on Monday to earn $159,780 and an HPT title.

Submitted by Press Release on, Tue, 09/23/2014 - 10:20

'Why I bet £900k on the Scottish referendum'

The BBC spoke to an anonymous individual who bet £900k on the NO to Scottish independence. He has the check to prove it.

He tells the BBC:

Submitted by Gilbert Horowitz on, Mon, 09/22/2014 - 22:03

20 States to Legalize Online Poker by 2020

Morgan Stanley analysts believe that a total of 20 US states – or nearly half of the US – will have legalized online poker by the year 2020.

From CardPllayer.com:

According to the group, California will be the only state to authorize web gambling in 2015. In 2016, Illinois, New York and Pennsylvania will OK the activity. The following year, Massachusetts, Iowa and Colorado will legalize games on the web.

Submitted by Patrick Flanigan on, Mon, 09/22/2014 - 21:43

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.

Submitted by Associated Press on, Mon, 09/22/2014 - 14:13

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:

Submitted by Tyrone Black on, Sun, 09/21/2014 - 11:52