Category: gambling

 

Man learns he wins £7.7 million in U.K. lottery, returns to work within an hour

Jul 22, 2010
UK lottery Winners

Imagine you just won a £7.7 million ($11.7 million) in a national lottery. What would be the first thing you did? Surely a minority would answer, “Immediately get back to work,” but that’s precisely what Ivan Westbury did after receiving the life-changing news last Sunday.

Westbury’s wife of 21 years, Susan, was at a local Tesco checking on her lottery ticket. Susan attracted a bit of attention as she had the ticket scanned by a cashier, who informed her they’d have to call the lottery commission for more information. The information imparted was that, yes, the Westburys had won £7,706,631 in the U.K. lottery – at which, Susan said, “I nearly passed out.”

Susan called her husband, who joined her at the store after leaving his lightning-protection business. The two whooped it up for a bit, but within the hour Ivan was back at work. In explaining his actions, the self-professed workaholic was quoted as saying, “I’ve got a passion about work [...] and I just love what I do. I suppose you could call it sad but I haven’t had a day off for four years.”

The Westburys will now take that vacation, though it was planned before the couple bought the lottery ticket: They’ll be taking a day trip to Cornwall.

In hoping to celebrate their win that evening, the Westburys ironically found that they couldn’t afford to pay for some pub drinks in cash.

The couple has stated that they’ll be doing “normal lottery things” by making a few major purchases in addition to giving their children and grandchildren some money – and they’ll be leaving the business open.

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Lucky or unlucky? Taiwanese national lottery winner waits 55 days to claim

Jul 20, 2010
Taiwan Lottery

For most people, winning a nearly $15 million lottery progressive jackpot would be the ultimate sign of good luck – but not a recent record-setting winner in Taiwan. Fearing “she would meet the same sorry fate as [lottery] winners in foreign countries she read about,” a woman in Taipei City waited nearly two months before finally deciding to step forward and claim her prize.

On April 8, a NT$480 million ($14.93 million) jackpot had been accumulated. After the draw, the Taiwan Lottery commission announced that a single winner in Taipei City had taken the big prize. But at home, that ticket buyer was simply in shock.

According to the Taiwanese official news agency, the winner’s “mind went blank for more than ten minutes after learning that she had won.” She could not sleep the night after finding out the news and in following days read a number of stories about multi-million dollar lottery winners going broke or meeting terrible fates after their jackpot wins.

Ultimately, the woman and her husband decided to claim the money after all – At 55 days past the draw, this was easily the Taiwanese record for the longest such period of time. After taxes, the prize will be worth about $11.95 million. The couple also stated that they would immediately be donating NT$1 million ($31,100) to charity.

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Powerball lottery hit for $73.9 million by Florida resident

Jul 16, 2010
Power Ball Jackpot

An unnamed Floridan who purchased a ticket in Royal Palm Beach became the seventh winner of the nationwide Powerball lottery jackpot in 2010 when he or she matched all six numbers drawn to win the $73.9 million grand prize last Saturday.

The winning numbers were 20, 21, 27, 28, 56 and powerball 4, and the winner has 180 days to claim the prize. The Florida Lottery commission announced that the $73.9 million represents the third-large prize ever won in a Florida game and is the second Powerball jackpot awarded to a Floridian.

Since joining the game in January 2009, Florida has recorded more Powerball winners than any other state, paying out over $289 million in prizes to the lucky folks. The Powerball lottery is now played in 42 U.S. states, Washington D.C., and the Virgin Islands.

Three times in 2010, the Powerball jackpot has gone over $200 million; the year’s top winner so far is Chris Shaw of Missouri, who won $258.5 million in April. An unknown winner in Ohio enjoyed a $261.6 million windfall on June 2, while Sandra McNeil of New Jersey scored $211.7 million in March.

Other Powerball progressive jackpots won this year include the $141 million won by Frank Griffin of North Carolina in February; the $96.9 million shared by a pair of friends in Montana and an auto workers’ group in Michigan and Ohio on June 23; and an anonymous player in Arkansas, who won $25 million on January 2.

Powerball closed year 2009 holding onto a $128.6 payout that went unclaimed by whoever purchased the winning ticket in Kentucky.

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US woman wins 4th multi-million dollar lottery jackpot

Jul 07, 2010
Lottery Win

One of this week’s top gambling news stories is about a Joan Ginther, a 63 year old Texan who is a very, very lucky woman. Just a few days ago, she spent $50 on a scratch card lottery ticket, and ended up winning a very impressive $10 million jackpot. She was happy, but she might not have been very surprised.

While most lottery players would be grateful to win such a large jackpot, for Ms Ginther, it is becoming a regular occurrence. This recent win is in fact the fourth seven-figure lottery jackpot she has won in the last 20 years.

Her first big win came back in 1993 when she won $5.4 million. After a long break, she won again in 2006, turning a $30 scratchie ticket into $3 million. Two year later, in 2008, Ms Ginther won for the third time, taking another $3 million from a lottery scratch ticket. Her latest win pushes her total lottery jackpot winnings to a massive $20.4 million.

Ms Ginther has not given any interviews, and is shunning the worldwide publicity that her luck has brought her. It is not known how she intends to spend the largest lottery jackpot she has won so far.

Lotteries are popular all around the world, but their prizes are usually limited to a particular state or a particular country. An alternative global jackpot system can be found online. They are called progressive jackpot games, and they can be played at most online casinos.

Progressive jackpots games, like major lotteries, are capable of paying out in the millions. These jackpots grow bigger as more players enjoy the games, since a small portion of each player’s wager is added to the prize. These progressive jackpots are tough to win, but the payouts can be life-changing.

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Study “Blackjack in the Kitchen” highlights differences between online and casino gambling

Jul 02, 2010
Casino Gambling

An interesting study printed in 2009 and recently put online at the Journal of Consumer Research website is a report entitled “Blackjack in the Kitchen: Understanding Online versus Casino Gambling.” Written by June Cotte and Kathryn A. Latour of the University of Western Ontario, the findings are the results of a psychological study of 30 gamblers.

Two major points are made in the study: Firstly, like most academics studying the subject ultimately conclude, Internet gambling should be regulated, but the second point was far more interesting and unexpected. Cotte and Latour immediately noted the dramatic diametrical opposition of standard casino and online casino players: Rarely did one type or the other cross over into the other gaming experience.

Both land-based and online casino visitors noted the social element of their preference, namely that visiting a real-life casino is a highly social experience and that Internet gambling is a solitary activity – and both groups cited this difference as the no. 1 reason for their choice.

“Casino gamblers perceive online gambling as bereft of social connections, which was pivotal to the enjoyment of gambling for them,” reads the study in part. “The online gamblers also perceive this lack of social connectedness in virtual gambling. But for them, this aspect is positive; it is one crucial reason the online gamblers gave for their choice to stay home and gamble. Many online gamblers chose the online environment because of the perception of the lack of social connections.”

The study also notes an interesting justification for those of modest budgets to enjoy playing in online gambling sites: “The perceived anonymity of the online environment equalizes gamblers, so that low rollers and high rollers are treated equally. In contrast, in a casino more experienced gamblers who bet larger amounts are treated specially, and some gamblers go to the casino seeking such ego gratification.”

“Blackjack in the Kitchen” is available by subscription only from Chicago Journals.

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WSOP host Harrah’s now a lobbying champion for internet gambling

Jun 21, 2010
Harrah's

Not so long ago, Harrah’s Entertainment was one of the most vocal detractors of regulating online gambling sites. Today, however, they’re rapidly becoming a force for full legalization of Internet gaming in America. In fact, Harrah’s will be among the most visible pro-online gambling lobbyists in Washington beginning next month.

Harrah’s Entertainment is of course best known for the Las Vegas-based Harrah’s Hotel and Caesar’s Palace, while ever gaining in household name recognition thanks to its sponsorship of the World Series of Poker event. Back in 2006, Harrah’s was a chief player in getting the Unlawful Internet Gambling Enforcement Act, the law which imposes serious restrictions on playing online in the United States, passed as part of the Safe Port Act.

With the economy tanking in 2008 and 2009 while profits steadily eroded, Harrah’s has performed an about-face on their opposition to the gambling online. The first major step was in hiring former Party Gaming CEO Mitch Garber to head up its newly formed “interactive gaming division,” followed by the launching of its own website affiliated with the World Series of Poker – at which U.S. players are not allowed to play.

But last week saw the biggest indication yet that Harrah’s is exuding effort into overturning UIGEA and getting more rational laws regarding online gambling in the U.S. as the company hired the lobbying firm Capitol Counsel to plead the casino giant’s case on Capitol Hill. In 2010, Harrah’s has already spent nearly $1 million in lobbying efforts.

Speculation has it that Harrah’s expanded lobbying efforts are in advance of Congressional hearings scheduled for July on legislation proposed by Rep. Barney Frank that would overturn UIGEA. The Nevada Gaming Control Board is also reportedly investigating the relationship between gaming provider 888 and Harrah’s for possible violations of state and federal law.

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How do you read NFL odds?

Jun 14, 2010
NFL Football Odds

The question “How do you read NFL football odds?” can be answered in two different ways. One response would answer to the nuts and bolts of the question, explaining those actual slates of numbers. The other would be to attempt to explain, as we do in the United States, the deeper meaning in those numbers the online bookmakers provide.

Considering a few relevant examples will help us consider both questions.

All lines except for those on pointspread (or handicap) bets may be presented in any of three ways: fractional, decimal and American. Fractional is the classic 3/1 format; decimal format shows you the payout based on 1 unit out to two decimal points, so 3.00 for the previous example; American style shows the payout on 100 units, so the current example would be +300 in this format.

The very basic proposition bet in all of NFL betting is of course wagering on the Super Bowl winner. Currently last year’s finalists, the Indianapolis Colts and the New Orleans Saints, are the favorites to win Super Bowl XLV at 8/1 (8.00, +800) and 9/1 (9.00, +900), respectively, by PaddyPower bookmakers.

How do you read these particular odds? These numbers mean simply, “It’s too far in advance of the season, which begins in September, to make a realistic call so we’re going with the default choices.” You can also wager on each division winner and the conference winners at most sports betting websites, but such bets in June are strictly for loyalists.

The most popular NFL bets week to week are the pointspread and over/under lines. These are represented by a plus or minus followed with a number of points. The favorite always receives a negative number, the underdog is positive. This bet works the same way as a handicap in golf, so taking the underdog means adds points to the result of the game; in a close game, the underdog often “wins” at the bookmaker.

Over/under lines represent what the oddsmaker believes will be the total number of points scored by both teams in the game. Pick the over if you think the final score will add up to more than the bookmaker’s line, under for less.

At BetUS, odds are actually already posted for week one in the NFL. In the Oakland Raiders-Tennessee Titans game, the Oakland Raiders are the underdog with a +7 pointspread and there’s an over/under of 41 points.

How do you read these NFL football odds? Well, Oakland at +7 means the bookies figure the Raiders to be just as awful as they have been for seven seasons now, while the 41 over/under indicates that this game will be about as exciting as most fans would expect. You can bet on it.

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Craps, baccarat, blackjack: The best odds in the house

Jun 10, 2010
Blackjack Girl

Table games are intriguing and fun. Quite possibly if you play correctly, your knowledge can also be turned into winnings. Too may players, however, go into the games ignorant of the hard numbers involved in some of their favorite games, these players surely often go away surprised, wondering where things went wrong. Arm yourself with a little knowledge, as below run a few of the more favorable odds you can get in craps, baccarat and blackjack.

Though most of the time in craps the house has a massive advantage, but craps does in fact have the single best bet in the casino in terms of favorable odds: the “odds” bet. This carries payout odds of exactly 1/1, the only time you’ll get these odds at the casino outside of the “double up” option in some video poker games.

When you beat “odds” in craps, you are making an additional bet that the “point” is rolled before a seven comes up. The odds vary on what the point is, from 6/5 on a roll of 6 or 8 to 2/1 on 4 or 10. Though statistics say the 7 will be rolled most often, these higher payouts on the “odds” bet balances out the house advantage to exactly 50/50.

Unfortunately, most online gambling sites – like most real-life casinos – require you to make a “pass line” bet first. To get this back in addition to winning at the “odds” bet, well, that’s where luck comes in.
Baccarat is mostly a game of nerves in the European version and mostly entirely up to fate in the American version. Almost all strategy is taken for granted, e.g. the dealer always hits a 3 if the player’s third card is an 8, and the only possible bluffing in the European game happens when the player holds a 5.

Boring but true, then: With a payout of 1/1 on the player, this is your best bet, though ties are to statistically occur between 4% and 5% of the time, so please know the rules and payouts of the particular online casino you’re playing at.

Blackjack is said to have the smallest house advantage of all casino games, a margin of just 1% in favor of the dealer. This advantage is the result of the player busting on hands over 21 before the dealer must take cards. Whether the deals hits or stands on soft 17, regardless of split opportunities and insurance, the player is done just 1%.

Therefore, the best bet you can make in online blackjack are simply the bet you *don’t* make. In one word: Insurance. Buying insurance is the great majority of the time throwing away your money and this extra bet does nothing to swing any odds in your favor. Steadily buying insurance, even if you “win” the expected number of times, just decreases your bankroll.

While the house is believed to always win, this need not necessarily be the case. Simply play smart, always remember what the best bets are, and think about what you’re doing as you play at the casino. Some thought and preparation now means playing money later.

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Gambling Online: Recommendations for US Players

Jun 07, 2010
US Players

Internet gambling in the United States has received quite a lot of media attention lately. Earlier this month, an old bill from 2006 passed into law – it’s called the Unlawful Internet Gambling Enforcement Act (UIGEA), and its aim is to make it more difficult for Americans to gamble online. The new law does not make online gambling in the US illegal. In fact, there are dozens of online casinos accepting US players, along with a wide range of excellent poker rooms, bingo halls, and sportsbooks that let US players sign up and gamble.

The only place where US players might run into problems is banking. The UIGEA essentially goes after American banks, forcing them to block credit and debit card transactions that involve online gambling. This leaves fewer options open to American players, but fortunately, there are still plenty of ways to get money to and from online casinos and other gambling sites.

Most solutions involve alternative internet banking services called e-wallets. These online gambling payment methods act as liaisons between players and gambling sites, taking money via credit or debit card from players then transferring it on their behalf to an online casino account. There are several of these banking services that accept US players, including eWalletXpress and UseMyWallet. They are the fastest and easiest way for American players to make deposits and withdrawals with online casinos or similar sites.

The easiest way to go about things is to first find an online gambling site that accepts US players, then after creating a new account there, talk with the customer support staff (many sites offer live chat services) and ask them to point out which payment methods they offer work well for players in the United States. Often, customer service representatives will be able to walk players through the whole process to help them fund their account quickly and easily.

At the end of the day, the hardest step is deciding where to sign up. A good place to start is this online gambling directory where players can read reviews of online casinos or other sites that accept US players. Sites like these are backed by many years of experience, and have a good understanding of what players are looking for. Remember, the US government is working hard to figure out the best way to open up the country’s online gambling industry, so it’s only a matter of time until things get a lot easier. Until then, enjoy the many great sites that still accept US players – good luck, and we hope you win!

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UIGEA blues: Is online gambling legal in the United States?

Jun 03, 2010
UIGEA Sign

On June 01, 2010, American gambling laws changed. An old bill from 2006 called the Unlawful Internet Gambling Enforcement Act (UIGEA) went into full effect, forcing US banks and credit companies to stop processing transactions to and from online casinos and other internet gambling sites. The law represents an attempt to put a stop to online gambling in the US.

The reason for this round-about approach to the issue of internet gambling is simple: an all-out ban would be completely unenforceable. While American companies are absolutely not allowed to offer online gambling services, there are plenty of countries around the world that do offer gambling over the internet, and many of these foreign-based online casinos accepting US players. While the American government doesn’t like this, they can’t stop it directly, simply because these websites operate in other countries where American authorities have no jurisdiction.

The UIGEA is therefore a rather feeble attempt to slow down gamblers. It has been a long time coming, and everyone connected to the industry has been preparing for it since it was first announced in 2006. The initial announcement had a big effect, driving some online casino software providers out of the American market. A few stayed, however, leaving players with a decent selection of sites where they can sign up and gamble online.

The biggest issue now is banking. US players will find it difficult, if not impossible, to use their credit or debit cards to deposit money directly into an account at an online gambling site. Instead, they simply make indirect deposits – there are alternative banking methods that re-route funds, taking money from the player then passing it on to the gambling site (and vice versa when it comes time to collect winnings). US players have already been relying upon these alternative online gambling payment methods for several years.

At the end of the day, the UIGEA does little to prevent US players from gambling online. One thing it most certainly does not do is to ban internet gambling. Despite what the media says, online gambling in the United States is not illegal. While certain individual states do have laws against gambling in general, players enjoy some leeway with the system, since the internet creates questions about jurisdiction. US lawmakers seem to be moving slowly towards the regulation of internet gambling, but it could be a few years off – until then, Americans continue to enjoy online poker, internet casino games, even bingo and sports betting, all without breaking the law.

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888 issues profit warning, opens possibility of hostile takeover

Jun 02, 2010
888 Slump

Gaming group 888 has had a difficult 2010 and it seems things are only going to get worse. After releasing a profit warning showing that poker turnover had decreased by 18% between January and May, 888 now anticipates losing even more business during the 2010 World Cup this summer. While 888 blames an industry-wide decline, currency fluctuation and even illegal casino operators for their woes, some financial experts wonder if 888 is ripe for a takeover.

The Guardian: Gaming group 888 could attract predators after profit warning

After a gloomy warning from 888 spokespeople regarding revenue between January and May, the company has left itself vulnerable to takeover. Following up on a similar negative forecast released in April, 888 showed that the number of players at its poker website dropped by about 18% in the first five months of 2010.

Though 888 believes the downward trend to be industry-wide and that its own program of cost-cutting must be adhered to, spokesmen maintained that 888 would continue its strategy of acquisition – a plan 888 seems to be incapable of at present.

Rumors that bigger companies Party Gaming and/or Ladbrokes might make a bid at a takeover of 888 emerged while 888 stocks lost 21% of value on the day of the announcement to finish trading at 53.25p. Greg Johnson of investment banking services provider Shore Capital stated that Ladbrokes “needs greater scale in its online operation, in our view,” making 888 operation a perfect match.

This is London: 888 will spend World Cup behind the sofa as it predicts strain on profits

Internet casino 888 warned that the upcoming World Cup would actually be bad for its business, as its staple poker players are expected to be spending less time and money at the online poker tables and instead devote more energy to football. “Online gaming trading during the period of the World Cup will be difficult,” said 888 CEO Gigi Levy as he announced the profit warning.

Levy also stated that profits for 888 in year 2010 would be “significantly lower than previous market expectations” of $45.5 million.

As for the current drop in poker business at 888, illegal online operators in America were blamed for eating into profits, though the numbers show that high-rollers visit the site less frequently than ever. Levy also blamed currency fluctuation for its financial woes, stating that $5 million in revenue had been lost in 2010 so far because of exchange rates: Though 888 does most business in euros and pounds sterling, revenue is reported in terms of U.S. dollars.

The (London) Express: 888’s World Cup Fears

Online gaming company 888 Holdings issued a warning on profits yesterday in anticipation of casino gamers deserting the site to turn attention to the 2010 World Cup tournament: “Instead of staying in and using 888,” said one 888 spokesman, “people are more likely to go down the pub and watch the football.”

A pair of financial analysts offered harsh assessments of 888’s current financial state. One unnamed analyst stated that “The potential for 888 to be acquired has diminished,” while James Hollins of corporate advisory firm Daniel Stewart & Co. said that “888’s weak poker offering and lack of significant sports offering has worked against it.”

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Canada to get nationwide internet casino and poker platform

May 28, 2010
iCanada

The state lottery groups of several Canadian provinces are joining forces to build what will eventually be a nation-wide mobile gambling platform offering casino-style games as well as internet poker. The system will use geo-location technology to make sure players are within the proper jurisdiction before they will be allowed to play.

Winnipeg Free Press: Provinces get in the game

Canadians spend an estimated $1 billion a year gambling on the internet and most of this money goes to offshore gambling sites. Recently, the provinces have been moving in to grab their share of this money.

Later this year, six Canadian provinces (British Columbia, Quebec and the four Atlantic provinces) intend to share a common online gambling platform that will offer online poker and internet casino games.

The Atlantic Lottery Corp. and the British Columbia Lottery Corp. have both been offering online gambling for several years, but so far, their internet gambling offerings only make up about 1% of their revenues. They expect this number to climb once they begin to offer the types of online casino games that players can currently only access through offshore gambling sites.

“We estimate that by the end of 2012/13, e-gaming revenue will be about 3.5 per cent of BCLC’s overall revenue,” a corporation spokeswoman said.

The Montreal Gazette: Gambling on the go

Loto-Québec, B.C. Lottery Corp. and Atlantic Lottery Corp. have announced a plan to launch a common online gambling platform this fall.

Bob Rybak, a consultant working with Atlantic Lottery, says the system will likely expand through the rest of Canada 18 months, as Western Lottery Corp. and Ontario Lottery and Gaming Corp. join in.

Canadian gamblers spent around $800 million gambling online in 2009, and according to Rybak,”the vast majority of that money going offshore.”

Provinces want to funnel some of that money back into Canada, so lottery corporations have figured out a way to provide “a legal and credible” option to Canadian gamblers. The new platform will include casino-style gambling as well as an online poker network.

Rybak envisions players using mobile phones, laptops and lottery kiosk terminals to plug into a library of online casino games. It is a vision of “gambling-on-the-go”. Wireless devices like the Apple iPad will even be added to the mix, says Rybak.

The system will use geo-location technology to make sure that only within approved jurisdictions can access the site. Other software will help determine the gambler’s identity for age verification purposes.

Times Colonist: Nationwide platform to link gamblers on the go

B.C. Lottery Corp. is working to build a nationwide Canadian internet gambling platform that will give players access to online casino games and poker games through mobile devices such as cellphones and netbooks.

The platform will go live this fall, and will be launched in cooperation with Loto-Québec and Atlantic Lottery. Bob Rybak, a gambling consultant with Atlantic Lottery, expects the rest of Canada’s provinces to join eventually.

Rybak stresses that public acceptance of a nationwide online gambling system will depend on the system’s ability to ensure underage players cannot access the games.

Like their offshore competitors, Canada’s online gambling groups will use geo-location software to make sure gamblers are within the proper jurisdictions before they will be allowed to sign up and play.

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Bail set for online gambling kingpin Nicodemo Scarfo

May 26, 2010
Dice Kingpin

Nicodemo Scarfo, a man with alleged ties to the New York-based Lucchese crime family, was detained from his home Friday and taken into custody on charges of racketeering, money laundering, and gambling. Scarfo allegedly had ties with an illegal bookmaking ring that processed billions of dollars in bets through an online gambling site to a wire room in Costa Rica. His bail has been set, and his attorney expects he will be released soon.

The Philadelphia Inquirer: Scarfo’s bail set at $350,000 in betting operation

Nicodemo Scarfo says he is an unemployed research analyst who did legal consulting work for attorneys. New Jersey state prosecutors paint a different picture, saying he is an organized crime involved in a $2 billion illegal online sports betting operation.

Theses contrasting biographies were drafted during yesterday’s bail hearing in Morris County Superior Court before Judge Thomas Manahan, where bail was set at $350,000.

Scafro is a reputed member of the Lucchese crime family. He faces charges of racketeering, conspiracy, money-laundering and illegal gambling, all stemming from his alleged involvement in an online sports betting operation that funneled bets through a wire room in Costa Rica. Scarfo is just one of 34 reputed associates of the Lucchese family charged in the case.

Authorities watched the gambling ring for more than a year, in a probe they called “Operation Heat”.
During the probe, they collected hundreds of secretly recorded conversations on wiretaps and other electronic listening devices.

NBC: Reputed former crime boss from Ventnor indicted by grand jury

The New Jersey State Attorney General’s Office has announced that a grand jury indicted Nicodemo Scarfo Jr., 44, along with more than 30 other people with alleged ties to the New York-based Lucchese crime family.

Scarfo, said to be the head of the the New Jersey faction of the family, faces racketeering, conspiracy and gambling charges.

The indictment is the result of a long-term investigation called Operation Heat aimed at uncovering an international criminal gambling ring that dealt with several billion dollars in sports wagers over the internet.

According to records from the investigation, the gambling ring processed an estimated $2.2 billion in wagers in just over a year using a password-protected website that funneled bets to Costa Rica.

Attorney General Paula T. Dow said, “The Lucchese crime family allegedly employed sophisticated measures such as electronic record-keeping and offshore wire rooms designed to thwart detection of their illegal gambling activities by law enforcement.”

“I’m proud to say that their innovations did not stop our investigators from infiltrating their criminal enterprise and obtaining the evidence needed to indict their alleged top leaders in both New York and New Jersey.”

Press of Atlantic City: Bail on mob-related charges set for Nicodemo S. Scarfo

Nicodemo S. Scarfo, son of a former Atlantic City crime boss, may soon be released prison after his bail was set on Tuesday.

Superior Court Judge Thomas V. Manahan set his bail at $350,000 shortly after Scarfo was arrested last week on racketeering charges.

Scarfo, 44, was detained from his home on Friday after authorities announced his indictment relating to an illegal internet bookmaking operation.

Sarfo’s attorney James Leonard called the scenario a “trumped-up book-making case” and expects his client to be released on bail soon.

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UEFA’s probe into match-fixing scandal reaches Hungary and Switzerland

May 25, 2010
Mad Michel

The bitter fruit of soccer governing body UEFA’s labor is blooming in a Europe-wide probe across 12 countries to determine to what extent matches are being fixed for gambling purposes. It appears impossible to say whether UEFA’s efforts will or even can succeed before the 2010 World Cup kicks off in South Africa on June 11.

Sydney Morning Herald: Nine Swiss footballers suspended

Switzerland’s national soccer association has suspended nine players, including five for an indefinite period, for match-fixing as part of the Europe-wide UEFA probe.

The national league board said in a statement that “The Swiss Football Association is, according to current information, the first and only federation which has treated in the consequent manner the suspects of match-fixing made public in autumn 2009.”

None of the nine players suspended were in the top division of Switzerland football. The four players given sentences were banned from Swiss soccer for between 12 and 36 months.

The suspensions were the result of 50 raids in November in Austria, Britain, Germany and Switzerland in the probe’s first big move. In these 50 actions, over €1 million was seized. UEFA official stated that “Without doubt this is the biggest scam there has ever been in European football.”

Sports Illustrated: UEFA quizzes players at Hungarian champion Debrecen over suspected match-fixing

UEFA officials recently questioned eight players of Hungarian league champion Debrecen, which lost all six of its Champions League matches to Fiorentina, Liverpool and Lyon in the 2009-10 season, for which the club earned €9.2 million.

Though UEFA offered no comment as to the extent or subject matter of the discussion, Debrecen official Csaba Bartha did not make much of it, writing on the official club website that “the degree of seriousness of the matter is reflected by the fact that they didn’t even [transcribe] the statements.”

Debrecen is the second Hungarian club to come into question in this particular investigation, after UEFA looked into a suspicious Honvéd loss in November. More than 200 games are being considered for the possibility of match fixing in the UEFA investigation.

USA Today: World Cup arrives amid global match-fixing probes

Referees in Bosnia and Ukraine have been banned for life as part of a UEFA probe in a season when fixing matches has “spread more widely through football than ever.” UEFA President Michel Platini described the situation as seriously enough to put the sport itself in “mortal danger.”

Another threat to the integrity of soccer has arisen aside from the existing match-fixing problems has appeared as well. English Football Association chairman David Triesman stated that Russian criminal elements would be attempting to bribe referees to favor Spain in exchange for Spain’s support of the Russian bid to host the 2018 World Cup.

To prevent scandal from tainting the 2010 World Cup, FIFA officials created the company Early Warning, which would monitor any suspicious activity online concerning match outcomes. The World Cup is expected to generate about $3.4 billion for FIFA.

China is also taking on corruption in soccer at home, arresting among others Chinese Football Federation head Nan York and former World Cup referee Lu Jun.

The UEFA probe first began last year, when a “nest of corruption” was revealed to have involved matches in four World Cup nations (Germany, Greece, Slovenia, Switzerland) and six others (Austria, Belgium, Bosnia, Croatia, Hungary and Turkey).

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Crooked Miami cop steals $131K from gambler

May 19, 2010
$$ Cop

In April, after a Florida man collected over $130K in winnings from his bookie, the bookie called Officer Villar, and arranged for the gambler to be pulled over. Villar, along with his cousin who was with him impersonating a cop, took the money from the man calling it “evidence” and fled the scene. Now, a month later, the three have been arrested for armed robbery.

The Miami Herald: Officer charged in $131K gambling rip-off

When Miami police officer John Francisco Villar Jr. pulled over a man on the Palmetto Expressway last month, he confiscated a bag filled with $131,000 in cash. The bag wasn’t evidence – Fillar was stealing it.

Villar was arrested on Tuesday. He, his cousin, and a third man who runs an online gambling site are being accused of orchestrating the robbery.

The story is as follows: Marvin Duarte was out collecting his winnings from his bookie, Leonardo Lastre. As Duarte was driving home, Officer John Villar pulled his unmarked Ford Taurus (license plate covered) behind Duarte’s car with his police lights flashing. Villar had plain clothes on, with his badge hanging around his neck. Also with him was his cousin, wearing a bullet proof vest with the word “police” across the chest. Villar inspected Duarte’s car, found the money, took it as “evidence”, and fled.

It was later discovered through phone records that Officer Villar was in touch with bookie Leonardo Lastre, with Villar basically acting as a hired thug who was sent out to retrieve the money.

“It’s sad that an officer would use his authority in order to commit such unlawful acts,” said Detective Bobby Williams.

The charges against Villar include felony armed robbery with a firearm, armed burglary and conspiracy to commit armed robbery.

NBC Miami: Crooked Cop Helped Bookie Rob Gambler: Report

A Miami cop was busted this week after police found out he worked with a local bookie to steal thousands of dollars from a gambler.

Officer John Villar, 28, was arrested after he and his cousin Fausto Villar (who is not a cop) pulled over the gambler in April using Villar’s unmarked police car. The gambler, Victor Duarte, was returning from a visit to his bookie, Leonardo Lastre, who had paid him $131,000 cash in winnings.

After Duarte left with his money, Lastre called Officer Villar with details about Duarte’s car and where he was headed. Villar pulled Duarte over and took the money, saying it was “evidence”. Duarte started to shout for help, but the men fled the scene.

Villar and his cousin, along with the bookie Lastre, have all been arrested. They face charges of armed robbery, armed burglary and conspiracy to commit armed robbery. Fausto Villar also faces charges of impersonating a police officer.

CBS 4 South Florida News: Miami-Dade Cop, Cousin Accused Of Robbing Gambler

A Miami-Dade police officer has been charged with using his gun and badge to steal $131 thousand in cash from sports gambler Victor Duarte. Duarte placed several bets with bookie Leonardo Lastre who operates an illegal gambling operation. After Lastre paid the man his winnings, he phoned Officer Villar, who then pulled over the gambler and stole the money back with the help of his cousin, who was impersonating a police officer.

According to an internal investigation by Miami-Dade police, Bookie Lastre and Officer Villar had been in contact several times before the robbery, planning the operation. It event turned out that some of the money in the bag that Villar stole was his own, and that he had placed it there while vising Laste the day of the robbery.

After the robbery, Duarte gave chase, but Villar got away. Soon Duarte saw a Florida State Trooper, and told him what happened. When the Trooper Matthew Mihm pulled Villar over a few minutes later, he noticed the license plate on his car had been covered. Villar’s cousin ran off on foot with the money, without Mihm noticing.

Eventually, officials learned the truth, and got a search warrant for Villar’s vehicle, where they found evidence of the crime. Villar, his cousin, and Lastre the bookie now face charges of armed robbery.

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U.S. congressional committee holds online gambling inquiry

May 18, 2010
Way and Means Committee

The House Ways and Means Committee will hold an inquiry on the possibility of installing taxes and/or regulations on Internet gambling within the U.S. on Wednesday. The inquiry is being held in light of the upcoming implementation of the Unlawful Internet Gambling Enforcement Act, which essentially puts online gambling into a state of prohibition and is scheduled to go into effect on June 1.

The Hill: Online gambling before Ways and Means on Wednesday

On Wednesday, the House of Representatives’ Ways and Means Committee will explore the taxation of Internet gambling at a hearing in Washington. Emphasized in the inquiry will be certain tax-and-revenue proposals advanced in the past congressional session. All of these directly address the Unlawful Internet Gambling Enforcement Act of 2006 (or UIGEA), implementation of which was delayed six months to June 1, 2010.

A hearing on the subject that was supposed to have taken place before the House Financial Services Committee in April was cancelled due to scheduling purposes, but will be rescheduled at some point. Such a hearing would center on bills entitled the “Reasonable Prudence in Regulation Act” (which would simply delay implementation of UIGEA until June 1, 2011) and the “Internet Gambling Regulation, Consumer Protection and Enforcement Act,” a wide-ranging proposal involving the elimination of UIGEA altogether.

Miami Herald: Is online gambling a win-win?

U.S. House Representatives Barney Frank and Jim McDermott are among those proposing to repeal the Unlawful Internet Gambling Enforcement Act and replace it with plans that would legalize and tax online gambling.

McDermott’s current proposed bill, which will be among those investigated at a Ways and Means Committee hearing tomorrow, calls for a 8% tax on deposits made at online casinos or poker rooms, of which three-quarters would go to state and tribal governments, and the remainder to the federal government. Congress’ Joint Committee on Taxation estimated the bill could earn up to $72 billion over the next 10 years.

American professional sports leagues are said to be against these bills for fear of expanding wagering on sports events. because they think it will expand wagers placed on their games.

Frank also defends the legalization of Internet gaming on libertarian grounds: “American adults want to be able to do what they want with their own money without the government interfering,” he says.

New York Post: ‘Worse than Subprime’

Although regulating online gambling would appear to be an easy moneymaker for state and federal governments, some are arguing the same people behind the subprime crisis are supporting new gambling law.

Groups such as the Justice Department and the National Association of Attorneys General remain opposed to Rep. Barney Frank’s efforts at refining the Internet gambling industry, theorizing that as much as $20 billion might be wagered in a “surge among gamblers” when casino gaming is truly out of prohibition.

A recently released federal study, the “2009 United States International Gambling Report,” mostly reiterated the findings of the 1999 US National Gambling Impact Study Commission, calling Internet gambling the “worst type of electronic wagering.”

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Canadian Man to Give Up $350 million for Online Gambling Scheme

May 14, 2010
Internet Pimp

Despite the fact that the online gaming industry is frowned upon by the United States Government, it’s undeniable that it is popular. Thousands of people enjoy the benefits of the industry and they are safe from punishment, operators however can be preyed on by the governments as is shown in the case of this unfortunate Canadian.

Reuters: Canadian man pleads guilty in web gambling scheme

According to federal authorities in Manhattan, Canadian man pleaded guilty to illegally transmitting bets and wagering information through wires in connection with an alleged $350 million internet gambling scheme.

The office of U.S. Attorney Preet Bharara said Douglas Rennick, 34, entered the plea on Tuesday before U.S. District Judge Sidney Stein. Rennick agreed to forfeit $17.1 million, and could face 6 to 12 months in prison under federal sentencing guidelines. Sentencing is scheduled for Sept. 15.

Prosecutors accused Rennick of transferring more than $350 million from a Cyprus bank to U.S. accounts to pay U.S. residents who wanted to cash out gambling winnings from 2007 through June 2009.

According to an indictment last August, Rennick told U.S. banks that his accounts would be used for the issuance of rebate and refund checks, payroll processing and other legal purposes. Instead, he used them to launder money for Internet companies that offered poker, blackjack, slot machines and other casino games.

The government originally charged Rennick with conspiring to commit bank fraud, money laundering and engaging in illegal gambling, and could have ordered him to forfeit $565.9 million, court records show.

24 Hrs. Vancouver: Vernon man charged in $350M online gambling scheme

A Vernon, B.C. man charged in a massive online gambling scheme pleaded guilty in New York Tuesday to illegally processing offshore bets by Americans.

Douglas Rennick, 35, was charged Aug. 5, 2009 with bank fraud, conspiracy to launder money and conspiracy to operate illegal gambling. Authorities claimed Rennick transferred $350 million from a Cyprus bank account to various U.S. banks “in order to pay funds to gamblers” in the U.S. “as directed by various offshore Internet gambling companies.”

Rennick admitted in court that he transferred money from online gambling companies to gamblers in New York State. Among the websites was PokerStars. He forfeited $17.1 million and is free on $400,000 bail until his Sept. 15 sentencing.

Courthouse News Service: Huge Recovery From Gambling Operation

Douglas Rennick, a Canadian man, pleaded guilty to processing more than $350 million for online gamblers and funneling their winnings into the United States. He agreed to forfeit nearly $566 million and faces 2 years in prison and a fine of $250,000 when he is sentenced.

Rennick, 34, pleaded guilty to one of the three counts he faced: using the wires to transmit bets and wagering information in interstate commerce.

Rennick set up fictitious corporate accounts in Cyprus to issue checks for rebates, refunds, sponsorship checks and other payments, from 2007 to June 2009. Prosecutors say that he actually used the accounts to receive money from offshore Internet gambling companies and send the money to U.S. residents who wanted to “cash out their gambling winning.”

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Apple to allow online gambling apps?

May 13, 2010
iCheer

In a surprise move, Betfair has just added a sports betting app to Apple’s iPhone store, breaking down Apple’s anti-gambling policy. The new app uses geolocation and age verification to ensure only players who are allowed to bet on sports are able to do so. Apple has yet to offer an official statement, so it is possible that the app just slipped under the radar.

Geek.com: Did Apple just greenlight online gambling on the App Store?

You can’t have sex or nudity at the Apple App Store, but now you can bet on sports using your iPhone. Either this app submission slipped under the Apple censors’ radar, or they have relaxed their policies in order to make more types of software available.

Whichever the case may be, Betfair has just become the first gambling group to have its betting software (called Betfair Client) available at the store. According to EGR Mag, this development ushers in a new era for iPhone users:

Betfair’s mobile chief claims that Apple imposed “no terms and conditions” to regulate gambling applications. Despite this, the app only works in the UK and Ireland.

Apple has been very restrictive lately about what apps it allows, especially when they show skin or offer adult themes. They even removed apps provided by underwear sellers because they included images of scantily-clothed men and women in their shopping apps.

eGamingReview: Betfair gambling app marks Apple turnaround

Betfair recently became the first major online betting company to offer a gambling application through Apple’s iPhone App Store, marking a new stance on gambling apps from Apple.

The downloadable app, which Betfair’s exchange product, marks a change in Apple’s policies regarding gambling apps, which have not been allowed in the past.

Charles Palmer, head of Betfair mobile said: “There were no terms and conditions about gambling. We approached Apple with the proposal and our app, showing it does the normal KYC and age verification.”

The app is only available to customers in the UK and Ireland, and uses the iPhone’s built-in GPS to make sure bets are only placed from these areas.

“We have also added the ability to locate where the customer is. It can tell if you are in the UK or Ireland, and if you’re not, it won’t function. We put that in there as an extra precaution – they didn’t request that,” he said.

Computer Weekly: BetFair puts iPhone gaming app into Apple App Store

BetFair, one of the world’s biggest online sports betting operators, just launched an iPhone app that allows punters to bet on sports while on the move.

The launch is part of an attempt by BetFair to “mobilise” its business. The company already supports browser-based apps on Symbian, Blackberry, and Android, and they are working on spreading out even more.

The new app gives the company fine control over authentication and verification of bettors, making it almost impossible for under-age people to place bets. It also uses the iPhone’s GPS locator to only allow bets to be placed from authorized jurisdictions.

According to BetFair, mobile customers are up 40% from last year, with revenues from mobile customers up a full 50%.

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Japan: A Future Promised Land for Casinos

May 12, 2010
Japan Future

The gambling industry is one that continues to blossom exponentially. Originally, Las Vegas was considered to be the gambling capital of the world. Macau passed it in popularity after just a few short years and Japan is starting to look like a promising venture for some of the world’s larger gambling operations.

The Street: Las Vegas Sands Bets on Japan

Las Vegas Sands plans on expanding its Macau-based Sands China into Japan, which it predicts could become Asia’s largest gaming market. Sands has already been approach by local gaming firms in Japan.

Gaming is still week in the U.S. and Macau has been the focus of casino operators. In the first quarter Sands Macau, which has three casinos in the Chinese gambling enclave, saw its profit quadruple to $110.5 million from $26.7 million just one year ago.

Revenue at Sands China shot up 24% to $944 million from $761.7 million in the year-ago period. Overall, Macau posted a record 70% surge in gaming revenue in April to $1.76 billion. And it appears the gambling hub could be on track for another record month.

Casino operators aren’t just limiting their Asian expansion to Macau. Last month, Sands opened the first part of its $5.5 billion hotel-casino in Singapore. The company expects the Singapore casino could earn $1 billion annually. MGM has also said that it is looking into other gaming markets, including Vietnam.

Reuters: Sands China bets on Japan; sees strong Q2

Macau-based Sands China, the world’s second-most valuable casino operator, has its sights on expanding into Japan, which it predicts could become Asia’s largest gambling market.

Expanding in Asia beyond Macau has become important for casino operators such as Sands and Wynn Resorts, which worry about Beijing’s erratic travel restrictions on mainland Chinese visiting Macau, the only place in the country where casino gambling is legal.

Japan has long debated legalizing casino gambling and could make a decision soon as it looks to the example of Singapore, which recently opened two major casino resorts. Sands China’s parent Las Vegas Sands opened its $5.5 billion Singapore casino resort, the world’ second-most expensive, late last month.

Japan has made slow progress on allowing casinos, partly due to fears they could trigger social problems.

If Japan moves to legalise casino gambling, the first casino could open by around 2014-15, said Jacobs, who was chief executive of an international management services firm before he joined Las Vegas Sands in March last year.

Channel News Asia: Marina Bay Sands targeting Southeast Asian market

The $5.5 billion Marina Bay Sands integrated resort is betting its chips on the Southeast Asian market. The region is expected to account for over a third of its business in Singapore, according to Sheldon Adelson, the
chairman of its parent company Las Vegas Sands.

He said the company is also considering building integrated resorts in Europe and Japan.
The Marina Bay Sands resort, which was partially opened on Tuesday, April 27, is expected to break even in just 5 years.

Marina Bay Sands will be targeting primary markets like Malaysia, Indonesia, Thailand, Vietnam and Singapore. Combined, these countries will make up some 40 per cent of Marina Bay Sands’ business (10 per cent each from Malaysia, Indonesia and Thailand; and 8 per cent from Vietnam). China will account for about 6 per cent of its business.

Adelson added: “Asia could use 5 or 10 Las Vegases fully built out with 140,000 rooms each. That would give you from 700,000 to 1.4 million rooms for destination resorts for people all over Asia to go to. And in my opinion, you will never saturate the market.

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The Recession’s still going – US gambling revenues still down!

May 10, 2010
Gambling Tune

Just when we thought it was safe to get back in the water, research shows that the dreaded recession is still pressing down on Americans. Overall, national revenue through gambling dropped over 5%, but progress in some states even during the recession gives a nation hope.

USA Today: Casino gamblers tightened purse strings in recession

Americans have been rolling the dice less as the economy soured. According to the American Gaming Association, revenue from casino gambling fell 5.5% overall last year, with the take falling $1.8 billion from the $32.5 billion of revenue in 2008. Revenue fell in 8 of the 12 states that have casino gambling.

Interestingly, consumers spent more last year gambling at casinos than they did on candy or movie tickets. Spending on lotto tickets hasn’t dropped much. According to La Fleur’s 2010 World Lottery Almanac, states had lottery revenues of $53.1 billion in fiscal year 2009, compared with $53.4 billion in fiscal year 2008.

Six of 12 states with racetrack casinos reported revenue increases, and six reported decreases. Maine had the largest increase, 17.2%, and Iowa took the biggest hit, a 6.7% decline.

Colorado, Indiana, Missouri and Pennsylvania were the only states that posted an increase in casino gambling revenue, according to the association. Pennsylvania saw revenue rise because two casinos opened last year. Kansas, brought in nearly $2 million after its first casino opened

New gaming laws increased some revenue. Colorado relaxed bet limits and increased hours and types of games. Missouri removed loss limits. Casinos in 13 states employed about 328,000 workers last year, compared with about 357,000 in 2008. Casinos contributed $5.6 billion in tax revenue to state and local governments last year, a 1.6% drop from 2008.

Stateline: Gambling slowdown reduces states’ take

The economic slowdown that’s battered the bottom line of states has also reduced their take of gambling taxes, according to a report released Thursday. The American Gaming Association said gaming revenues dropped 5.5 percent across the country last year. State revenues from taxes on gaming dropped 1.6 percent.

New Jersey took the biggest hit, as gaming tax revenues dropped 18.6% between 2008 and 2009. Nevada and Mississippi were also hard-hit, losing 10.4% and 9.4%, respectively.

Four of the 13 states that allow commercial casinos actually did better last year than in the previous year. The report credits voter initiatives in 2008 that legalized more gambling for boosting revenues in both Colorado and Missouri.

Colorado raised its bet limit from $5 to $100; and state gaming taxes increased by 2.6%. Missouri did away with a rule that limited gamblers’ losses to $500 in a two-hour period; its taxes went up 5.9 percent. By far the biggest revenue winner, though, was Pennsylvania, which opened two new casinos in 2009. Its gaming revenues jumped by 21.6%.

Pittsburgh Post-Gazette: State’s casino numbers buck national trend

Pennsylvania, where new casinos are still opening and legalized slot play is still a novelty, added more than 3,200 gambling-related jobs and yielded big revenue increases in 2009, a year in which casino revenues declined nationally by more than 5%.

Statistics were presented in the American Gaming Association’s annual industry report, which was released Thursday. Pennsylvania’s revenues increased by almost 22%, aided by the 2009 opening of Rivers Casino on the North Shore and the Sands Casino Resort in Bethlehem.

Nationally, casinos took in $30.74 billion in 2009, down nearly $1.8 billion from 2008. It’s the 2nd year of declining casino revenues nationally, and as a result, the number of people employed in the industry dropped by almost 30,000, or 8.1%.

Nevada’s casinos saw 2009 revenues decline by 10.4% from 2008 numbers, while Pennsylvania’s neighbors in Atlantic City, N.J., performed even worse, with a 13.3% decline. Western Pennsylvania is still in the running for 2 more casinos – one, a proposed racetrack casino in Lawrence County; the other, a smaller “resort” casino at Nemacolin Woodlands Resort in Fayette County.

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