UK bookmaker and online gambling operator William Hill made a $130 million takeover offer to Centrebet, one of the first licensed sportsbooks in Australia. Both parties insist that talks are preliminary, though it has been said that William Hill executives are now in Australia looking over Centrebet’s operation. The move seems to be part of William Hill’s recent globalization strategy.

The Australian: UK group William Hill to bid $130m for Centrebet

UK online sportsbook William Hill is poised to offer £80m ($132m) for online gambling operator Centrebet International.

William Hill’s executives are said to be in Australia examining Centrebet’s operations. It is understood that the groups are still in discussions, with final offers not yet regarded as imminent. Other major sportsbooks like Ladbrokes are still in the running.

William Hill has said it is interested in expanding its operations offshore by increasing its online presence instead of going for land-based betting shops. Australia is seen as fertile territory for bookmakers looking to expand.

“William Hill, Ladbrokes and (British group) Coral are companies I would expect, whether it’s through acquisitions or starting up themselves, to look at entering the Australian market at some point in the next year or so,” says Betfair Australia chief executive Andrew Twaits.

Sky News Australia: William Hill to make offer for Centrebet

UK sportsbook operator William Hilll has offered to pay $132 million for Centrebet.

Australian newspaper The Sunday Times reports that William Hill executives are in currently Australia, examining Centrebet’s books as part of an ongoing negotiation.

In March, Centrebet announced that it had received a number of acquisition proposals and was considering them all.

It is believed that there are other gambling groups interested in acquiring Centrebet, including William Hill’s UK rival Ladbrokes and Austria’s BWin.

The draft recommendation to liberalise Australia’s gambling laws recently published by the Productivity Commission has boosted overseas interest in internet gambling in Australia.

The Sydney Morning Herald: Centrebet continues consolidation talks

The internet gambling and betting group Centrebet International Ltd is still in talks with other operators over consolidation opportunities.

“Whilst parties have expressed interest in exploring a variety of transaction structures, no terms, including as to price, have been agreed,” Centrebet said in a statement on Monday.

“Centrebet anticipates that these discussions may continue for some time.” The group also admitted that the talks are preliminary, and may not result in any formal proposal being made.

Centrebet revealed back in March that it had received takeover proposals in February, and that the proposals were confidential and non-binding. At the time, it was speculated that Ladbrokes, William Hill and Sportingbet were all in talks with Centrebet.

UK bookmaker and online gambling operator William Hill made a $130 million takeover offer to Centrebet, one of the first licensed sportsbooks in Australia. Both parties insist that talks are preliminary, though it has been said that William Hill executives are now in Australia looking over Centrebet’s operation. The move seems to be part of William Hill’s recent globalization strategy.

The Australian: UK group William Hill to bid $130m for Centrebet

UK online sportsbook William Hill is poised to offer £80m ($132m) for online gambling operator Centrebet International.

William Hill’s executives are said to be in Australia examining Centrebet’s operations. It is understood that the groups are still in discussions, with final offers not yet regarded as imminent. Other major sportsbooks like Ladbrokes are still in the running.

William Hill has said it is interested in expanding its operations offshore by increasing its online presence instead of going for land-based betting shops. Australia is seen as fertile territory for bookmakers looking to expand.

“William Hill, Ladbrokes and (British group) Coral are companies I would expect, whether it’s through acquisitions or starting up themselves, to look at entering the Australian market at some point in the next year or so,” says Betfair Australia chief executive Andrew Twaits.

Sky News Australia: William Hill to make offer for Centrebet

UK sportsbook operator William Hilll has offered to pay $132 million for Centrebet.

Australian newspaper The Sunday Times reports that William Hill executives are in currently Australia, examining Centrebet’s books as part of an ongoing negotiation.

In March, Centrebet announced that it had received a number of acquisition proposals and was considering them all.

It is believed that there are other gambling groups interested in acquiring Centrebet, including William Hill’s UK rival Ladbrokes and Austria’s BWin.

The draft recommendation to liberalise Australia’s gambling laws recently published by the Productivity Commission has boosted overseas interest in internet gambling in Australia.

The Sydney Morning Herald: Centrebet continues consolidation talks

The internet gambling and betting group Centrebet International Ltd is still in talks with other operators over consolidation opportunities.

“Whilst parties have expressed interest in exploring a variety of transaction structures, no terms, including as to price, have been agreed,” Centrebet said in a statement on Monday.

“Centrebet anticipates that these discussions may continue for some time.” The group also admitted that the talks are preliminary, and may not result in any formal proposal being made.

Centrebet revealed back in March that it had received takeover proposals in February, and that the proposals were confidential and non-binding. At the time, it was speculated that Ladbrokes, William Hill and Sportingbet were all in talks with Centrebet.

Paddy Power has been pulling all of the stops and stunts when it comes to advertising lately and the stunts seem to be garnering more and more attention. The latest opportunity has presented itself and Paddy Power took it – the company has sponsored the “Sin Bin” a confessional booth in a Catholic Church.

The Telegraph: Paddy Power betting firm sponsors church confession box

Paddy Power has paid £10,000 and sponsored a new confessional booth in Our Lady & St Etheldreda church in the racing town of Newmarket, Suffolk. Jockey Frankie Dettori, who was married in the church, performed the official opening ceremony yesterday.

The Dublin-based bookmaker has 200 offices in Ireland, 100 in Britain and a turnover of £2 billion. The betting company hopes that confessing your sins in a Paddy Power confession box will become a tradition for race-goers.

Sicilian-born Dettori, who is riding the Guineas meeting in Newmarket this weekend, said: “I was married in this church 13 years ago and all five of my children were baptised here.
Fr Michael Griffin, the priest, said: “It was suggested by a parishoner that we should ask Paddy Power for help because of its horse-racing connections. We were very pleased when they generously agreed.”

The Guardian: Church bets on power of sponsorship

St Etheldreda Church in Newmarket decided to turn the sin of gambling at this weekend’s Guineas Festival to its favour. The Catholic Church has taken £10,000 from bookie Paddy Power in return for sponsorship rights to the confession box.

“Our church has felt for a long time that we should have closer ties with the horse racing industry in Newmarket,” said Fr. Griffin. “Through the generosity of Paddy Power this is now starting to happen.”

Generosity indeed, but how difficult will it be for some penitent punters to drop a coin in the “sin box” if they happen to have already lost their shirt on a bet placed with Paddy Power? God only knows.

BBC News: Bookmaker Paddy Power sponsors confessional box

An Irish bookmaker has paid £10,000 for a new confessional box at a Catholic church in Newmarket after he was approached for a donation.

Father Griffin said everyone “liked a flutter” and gambling was only a sin if it left a wife and family without food. The priest said that the person who made the call knew Paddy Power was the name of a betting shop chain but was surprised when Paddy Power himself answered the phone.

Father Griffin said that the church had been trying to raise a total of £65,000 for renovations, which also included a new altar and font. The rest of the money raised has come from legacies.

Paddy Power has been pulling all of the stops and stunts when it comes to advertising lately and the stunts seem to be garnering more and more attention. The latest opportunity has presented itself and Paddy Power took it – the company has sponsored the “Sin Bin” a confessional booth in a Catholic Church.

The Telegraph: Paddy Power betting firm sponsors church confession box

Paddy Power has paid £10,000 and sponsored a new confessional booth in Our Lady & St Etheldreda church in the racing town of Newmarket, Suffolk. Jockey Frankie Dettori, who was married in the church, performed the official opening ceremony yesterday.

The Dublin-based bookmaker has 200 offices in Ireland, 100 in Britain and a turnover of £2 billion. The betting company hopes that confessing your sins in a Paddy Power confession box will become a tradition for race-goers.

Sicilian-born Dettori, who is riding the Guineas meeting in Newmarket this weekend, said: “I was married in this church 13 years ago and all five of my children were baptised here.
Fr Michael Griffin, the priest, said: “It was suggested by a parishoner that we should ask Paddy Power for help because of its horse-racing connections. We were very pleased when they generously agreed.”

The Guardian: Church bets on power of sponsorship

St Etheldreda Church in Newmarket decided to turn the sin of gambling at this weekend’s Guineas Festival to its favour. The Catholic Church has taken £10,000 from bookie Paddy Power in return for sponsorship rights to the confession box.

“Our church has felt for a long time that we should have closer ties with the horse racing industry in Newmarket,” said Fr. Griffin. “Through the generosity of Paddy Power this is now starting to happen.”

Generosity indeed, but how difficult will it be for some penitent punters to drop a coin in the “sin box” if they happen to have already lost their shirt on a bet placed with Paddy Power? God only knows.

BBC News: Bookmaker Paddy Power sponsors confessional box

An Irish bookmaker has paid £10,000 for a new confessional box at a Catholic church in Newmarket after he was approached for a donation.

Father Griffin said everyone “liked a flutter” and gambling was only a sin if it left a wife and family without food. The priest said that the person who made the call knew Paddy Power was the name of a betting shop chain but was surprised when Paddy Power himself answered the phone.

Father Griffin said that the church had been trying to raise a total of £65,000 for renovations, which also included a new altar and font. The rest of the money raised has come from legacies.

Yesterday, entry to Ascot was free. Over 19,000 people showed up. It was a record-breaking day for bookmakers, but not in a good way. Many bet shops were experimenting with decimal prices instead of the usual fractional notation. The change confused punters, leaving some bookies barley able to cover expenses despite the impressive turnout.

Guardian: Decimal experiment fails to make its point

UK racing’s experiment with decimal odds only lasted a single day. The five major bookmakers agreed to show their odds as decimals rather than the traditional fractions all reported slumps in business, even though free entry to Ascot brought a huge crowd.

“We’ve had a number of queries today and they’ve all been about how we convert the decimal prices into the odds that are shown on other boards,” one worker said.

“So I’m now £160 up on the day and that just about covers the expenses. Which, considering the number of bets we’ve taken, is remarkable.”

Bookmakers feel that punters were confused by the unfamiliar decimals, and decided to place their wagers with other bookies who were not taking part in the trial.

“The feedback we’re getting from the customers is that they’re struggling to understand what our prices represent,” said Geoff Banks, betting on the rails.

“In the second race, for example, the favourite was 13-8 everywhere. I went 1.75 [a better price, the equivalent of 7-4] and I kept that for six or seven minutes – no particular interest.

“So then I said to my colleague next door, you go 7-4 with the fractionals and see what happens. He took six bets immediately and I took one.”

It is to be hoped that this brief change to decimal odds has not put bettors off.

Mirror: 5 out of 10 for decimal prices

Decimalisation began at Ascot yesterday as British racecourses tried out decimal odds instead traditional fractions.

The move is being heralded by Racing For Change, which is trying to bring racing to a wider audience. Their plan also includes free entry at nine fixtures this week to bring in new clients.

The decimal odds trial didn’t go over well. First-time racegoer Paul Rostron said: “The Tote odds include the stake but the decimalised odds don’t, so it’s quite confusing.”

Times Online: Bets are off as Ascot takes an unlucky punt on decimal odds

Yesterday at Ascot, a handful of course-side bookmakers offered their prices in decimal odds, a model that some believe is the future of betting. Instead, confusion took lead as punters juggled with the two types of odds.

Biike Wharton Slaney was not optimistic. “It’s just a fad. If you don’t know the odds you’re not going to be betting in the first place,” he mused.

Bettor John Denyer, 75, was dumbfounded by his decimal betting slip. “It’s hard for me being an old fellow,” he said. “If this takes over, that’s me out the window.”

Entry to Ascot was free yesterday, and more than 19,000 people showed up. There were a few takers for the new decimal system, but most punters were not happy with the change.

By midday, one bookmaker decided he’d had enough. His takings were 35 per cent down on last year. “The customers are confused,” he said.

Yesterday, entry to Ascot was free. Over 19,000 people showed up. It was a record-breaking day for bookmakers, but not in a good way. Many bet shops were experimenting with decimal prices instead of the usual fractional notation. The change confused punters, leaving some bookies barley able to cover expenses despite the impressive turnout.

Guardian: Decimal experiment fails to make its point

UK racing’s experiment with decimal odds only lasted a single day. The five major bookmakers agreed to show their odds as decimals rather than the traditional fractions all reported slumps in business, even though free entry to Ascot brought a huge crowd.

“We’ve had a number of queries today and they’ve all been about how we convert the decimal prices into the odds that are shown on other boards,” one worker said.

“So I’m now £160 up on the day and that just about covers the expenses. Which, considering the number of bets we’ve taken, is remarkable.”

Bookmakers feel that punters were confused by the unfamiliar decimals, and decided to place their wagers with other bookies who were not taking part in the trial.

“The feedback we’re getting from the customers is that they’re struggling to understand what our prices represent,” said Geoff Banks, betting on the rails.

“In the second race, for example, the favourite was 13-8 everywhere. I went 1.75 [a better price, the equivalent of 7-4] and I kept that for six or seven minutes – no particular interest.

“So then I said to my colleague next door, you go 7-4 with the fractionals and see what happens. He took six bets immediately and I took one.”

It is to be hoped that this brief change to decimal odds has not put bettors off.

Mirror: 5 out of 10 for decimal prices

Decimalisation began at Ascot yesterday as British racecourses tried out decimal odds instead traditional fractions.

The move is being heralded by Racing For Change, which is trying to bring racing to a wider audience. Their plan also includes free entry at nine fixtures this week to bring in new clients.

The decimal odds trial didn’t go over well. First-time racegoer Paul Rostron said: “The Tote odds include the stake but the decimalised odds don’t, so it’s quite confusing.”

Times Online: Bets are off as Ascot takes an unlucky punt on decimal odds

Yesterday at Ascot, a handful of course-side bookmakers offered their prices in decimal odds, a model that some believe is the future of betting. Instead, confusion took lead as punters juggled with the two types of odds.

Biike Wharton Slaney was not optimistic. “It’s just a fad. If you don’t know the odds you’re not going to be betting in the first place,” he mused.

Bettor John Denyer, 75, was dumbfounded by his decimal betting slip. “It’s hard for me being an old fellow,” he said. “If this takes over, that’s me out the window.”

Entry to Ascot was free yesterday, and more than 19,000 people showed up. There were a few takers for the new decimal system, but most punters were not happy with the change.

By midday, one bookmaker decided he’d had enough. His takings were 35 per cent down on last year. “The customers are confused,” he said.

A massive online sports betting operation operating illegally out of New York, with ties as far afield as Costa Rica, has been taken down. A two-year investigation culminated last week in 38 arrests cross the US. Those involved are ring charged with money laundering, promoting gambling and conspiracy.

Fox News: Dozens Arrested in Sweep of Alleged $178M Online Gambling Ring

Bookmakers running a pair of online sportsbooks in the US accepted nearly $178 million in bets during the past three years said prosecutors on Wednesday after arresting 38 on corruption charges.

Those arrested are suspected money collectors, agents and bookies from Nevada, Louisiana, Florida, New York and Arizona. The arrests were the culmination of a three-year investigation led by the organized crime division of the New York Police Department.

Among those arrested are three New York City employees: a firefighter, a sanitation worker and a highway repairman. Charges include money laundering, promoting gambling and conspiracy.

The suspects operated two nationwide gambling rings that utilized sports betting websites filtered through Costa Rica. Millions of dollars in cash and property were seized after more than a dozen search warrants were executed five US states. All suspects are currently awaiting arraignment.

United Press International: NYC fireman nabbed in $178M gambling ring

A New York City firefighter is among three city workers being charged with operating an illegal sports-betting ring that made $178 million in three years.

Firefighter Matthew Fopeano and highway repairman Michael Labetti allegedly paid out winnings, collected gambling losses, and solicited new customers. Robert Ackrish, a NYC sanitation worker, allegedly ran a separate sports betting operation that handled $24 million in wagers.

These men are among 38 people being charged with operating two “highly sophisticated illegal sports gambling enterprises” in New York City, Nevada and Costa Rica. The rings took nearly $178 million in wagers over 32 months basketball, football, baseball and hockey events, the district attorney said.

A spokesman for the New York Fire Department says that Fopeano, an 8-year veteran who allegedly made used a marked fire department vehicle for collecting sportsbook monies, was suspended without pay and faces termination.

Boston Herald: 38 indicted in NYC in sports gambling rings

New York prosecutors have indicted 38 people in connection with two illegal sports betting rings that allegedly spanned from Arizona to New York and Costa Rica and made $178 million.

Queens District Attorney Richard Brown said that the bookies used websites to collect wagers on professional and college events including basketball, football, baseball and hockey.

Lead by the New York Police Department’s organized crime division, investigators arrested the accused on charges enterprise corruption. Three of the men arrested are New York City employees: a sanitation worker, a firefighter, and a highway repairman.

A massive online sports betting operation operating illegally out of New York, with ties as far afield as Costa Rica, has been taken down. A two-year investigation culminated last week in 38 arrests cross the US. Those involved are ring charged with money laundering, promoting gambling and conspiracy.

Fox News: Dozens Arrested in Sweep of Alleged $178M Online Gambling Ring

Bookmakers running a pair of online sportsbooks in the US accepted nearly $178 million in bets during the past three years said prosecutors on Wednesday after arresting 38 on corruption charges.

Those arrested are suspected money collectors, agents and bookies from Nevada, Louisiana, Florida, New York and Arizona. The arrests were the culmination of a three-year investigation led by the organized crime division of the New York Police Department.

Among those arrested are three New York City employees: a firefighter, a sanitation worker and a highway repairman. Charges include money laundering, promoting gambling and conspiracy.

The suspects operated two nationwide gambling rings that utilized sports betting websites filtered through Costa Rica. Millions of dollars in cash and property were seized after more than a dozen search warrants were executed five US states. All suspects are currently awaiting arraignment.

United Press International: NYC fireman nabbed in $178M gambling ring

A New York City firefighter is among three city workers being charged with operating an illegal sports-betting ring that made $178 million in three years.

Firefighter Matthew Fopeano and highway repairman Michael Labetti allegedly paid out winnings, collected gambling losses, and solicited new customers. Robert Ackrish, a NYC sanitation worker, allegedly ran a separate sports betting operation that handled $24 million in wagers.

These men are among 38 people being charged with operating two “highly sophisticated illegal sports gambling enterprises” in New York City, Nevada and Costa Rica. The rings took nearly $178 million in wagers over 32 months basketball, football, baseball and hockey events, the district attorney said.

A spokesman for the New York Fire Department says that Fopeano, an 8-year veteran who allegedly made used a marked fire department vehicle for collecting sportsbook monies, was suspended without pay and faces termination.

Boston Herald: 38 indicted in NYC in sports gambling rings

New York prosecutors have indicted 38 people in connection with two illegal sports betting rings that allegedly spanned from Arizona to New York and Costa Rica and made $178 million.

Queens District Attorney Richard Brown said that the bookies used websites to collect wagers on professional and college events including basketball, football, baseball and hockey.

Lead by the New York Police Department’s organized crime division, investigators arrested the accused on charges enterprise corruption. Three of the men arrested are New York City employees: a sanitation worker, a firefighter, and a highway repairman.

UK’s largest sports betting company Ladbrokes has forged a deal with France’s largest pay-tv provider Canal+. Together the two will forge an online gambling and sports betting service for French players. The new service will launch later this year, and will attempt to lure Canal+ subscribers to Ladbrokes’ online gaming websites.

Financial Times: Ladbrokes tilts at French gambling market

Ladbrokes has entered France’s newly-regulated gambling market through a joint venture with Canal+, the pay-TV broadcaster. Together they will create a new internet betting and gaming service.

Through the operation, which is supported by an initial €2.25m (£1.97m) of funds from each partner, Ladbrokes will gain access to 12.5m subscribers of Canal+.

The terms of the deal demand that Ladbrokes refrain from operating any other online gambling operations in France until two years after the partnership ends.

Until recently, Ladbrokes was skeptical about the French market because tight regulations and steep tax rates. Operators are required to pay 7.5% tax of turnover on sports betting and horse racing, and 2% tax on poker turnover.

The new service will launch later this year, as long as it gets approved French regulators. France is new to the world of online gambling, and the government is pushing to get the new market up and running before the start of the football World Cup on June 11.

Ladbrokes and Canal+ will face a lot of competition in France’s new online gambling market. Other French groups have signed deals with brands like Betclick, PartyGaming, Paddy Power, and Everest Poker.

Reuters UK: Ladbrokes to launch French JV

The UK’s largest online bookmaker Ladbrokes has signed a joint venture agreement with Groupe CANAL+ to launch an online gambling and sports betting service in France.

The new service is set to launch by the end of the year, so long as the application is approved by French authorities. It will mark Ladbrokes’ first move into the French market in its 124-year history.

“We believe that there is an opportunity to build a good business in France over time as the market and regulation develop,” said Ladbrokes’ John O’Reilly.

Both Ladbrokes and CANAL+ are putting forth an initial €2.25 million to fund the 50:50 venture. Ladbrokes will provide its online gambling knowledge and technology, while CANAL+ will provide access to media, brand, and a large base of subscribers.

Times Online: Ladbrokes takes a punt on French venture

Ladbrokes is making a move on the French gambling market through a joint venture with Canal+, France’s top pay-TV company. Ladbrokes hopes to lure French gamblers to its website and through its new partner’s television channels.

France recently opened up its gambling market, breaking down the old Française des Jeux lottery monopoly.

“We currently have no presence in France,” said a Ladbrokes spokesperson. “It is a very competitive market but it is also a very big market. It will still be highly regulated but it is hoped that it will be further deregulated over time.

Ladbrokes and Canal+ are both putting up an initial €2.25 million (£1.97 million) into the 50:50 joint ventures. The contract also gives Canal+ the option to force Ladbrokes to buy its stake in five years.

Ladbrokes’ online gambling chief John O’Reilly said: “Canal+ is a brand synonymous with sport in France. We believe that there is an opportunity to build a good business in France over time as the market and regulation develop.”

UK’s largest sports betting company Ladbrokes has forged a deal with France’s largest pay-tv provider Canal+. Together the two will forge an online gambling and sports betting service for French players. The new service will launch later this year, and will attempt to lure Canal+ subscribers to Ladbrokes’ online gaming websites.

Financial Times: Ladbrokes tilts at French gambling market

Ladbrokes has entered France’s newly-regulated gambling market through a joint venture with Canal+, the pay-TV broadcaster. Together they will create a new internet betting and gaming service.

Through the operation, which is supported by an initial €2.25m (£1.97m) of funds from each partner, Ladbrokes will gain access to 12.5m subscribers of Canal+.

The terms of the deal demand that Ladbrokes refrain from operating any other online gambling operations in France until two years after the partnership ends.

Until recently, Ladbrokes was skeptical about the French market because tight regulations and steep tax rates. Operators are required to pay 7.5% tax of turnover on sports betting and horse racing, and 2% tax on poker turnover.

The new service will launch later this year, as long as it gets approved French regulators. France is new to the world of online gambling, and the government is pushing to get the new market up and running before the start of the football World Cup on June 11.

Ladbrokes and Canal+ will face a lot of competition in France’s new online gambling market. Other French groups have signed deals with brands like Betclick, PartyGaming, Paddy Power, and Everest Poker.

Reuters UK: Ladbrokes to launch French JV

The UK’s largest online bookmaker Ladbrokes has signed a joint venture agreement with Groupe CANAL+ to launch an online gambling and sports betting service in France.

The new service is set to launch by the end of the year, so long as the application is approved by French authorities. It will mark Ladbrokes’ first move into the French market in its 124-year history.

“We believe that there is an opportunity to build a good business in France over time as the market and regulation develop,” said Ladbrokes’ John O’Reilly.

Both Ladbrokes and CANAL+ are putting forth an initial €2.25 million to fund the 50:50 venture. Ladbrokes will provide its online gambling knowledge and technology, while CANAL+ will provide access to media, brand, and a large base of subscribers.

Times Online: Ladbrokes takes a punt on French venture

Ladbrokes is making a move on the French gambling market through a joint venture with Canal+, France’s top pay-TV company. Ladbrokes hopes to lure French gamblers to its website and through its new partner’s television channels.

France recently opened up its gambling market, breaking down the old Française des Jeux lottery monopoly.

“We currently have no presence in France,” said a Ladbrokes spokesperson. “It is a very competitive market but it is also a very big market. It will still be highly regulated but it is hoped that it will be further deregulated over time.

Ladbrokes and Canal+ are both putting up an initial €2.25 million (£1.97 million) into the 50:50 joint ventures. The contract also gives Canal+ the option to force Ladbrokes to buy its stake in five years.

Ladbrokes’ online gambling chief John O’Reilly said: “Canal+ is a brand synonymous with sport in France. We believe that there is an opportunity to build a good business in France over time as the market and regulation develop.”

Are you ready for some action ? Go to Bodog

Are you ready for some action ? Go to Bodog

Malaysia’s Prime Minister Najib Tun Razak made an announcement last week that he is considering legalizing sports betting in the country, perhaps even in time for the FIFA World Cup that begins on June 11 in South Africa. The announcement has many frustrated, including his own MPs, who feel that Najib is keeping them out of the loop.

AsiaOne News: Legal sports betting in Malaysia soon?

Sports betting in Malaysia may soon be legalized, perhaps even in time for the Fifa World Cup finals in South Africa that begin on June 11.

A local gambling firm called the Berjaya Group is seeking approval to offer sports internet betting activities in the country.

The group received such permission from the Finance Ministry in October 2004, and even paid RM25 million for a 20-year concession. The prime minister, however, shot down the proposal, saying the government would not legalize football betting in Malaysia.

Malaysians are already betting illegally on sports, and authorities are hopeful that legalizing sports betting would reduce the number of illegal bettors.

“It will likely divert money from illegal football betting. In 2006, it was estimated that the legal gaming is valued at RM850 million ($260 million) every day in Malaysia, with illegal gambling estimated at around the same amount.

This gives the total size of estimated daily gambling in Malaysia at around RM1.7 billion ($520 million).
It will also take some of the gaming market share lost to Singapore with the opening of its first casino recently,” said an industry observer.

Free Malaysia Today: MPs to Najib: Explain bid to legalise sports betting

Malasia MPs feel that Prime Minister Najib Tun Razak has some explaining to do regarding his recent statement that he is “considering” legalizing sports betting in Malaysia.

Pakatan Rakyat leaders have taken him to task over his statement in Hong Kong, with Rasah MP Anthony Loke Siew Fook accusing Najib of being “secretive” about the matter.

“Why is Najib so secretive about this? If it’s indeed true that the government is considering to legalise it, doesn’t he know the social impact it will have on the youth? I challenge him to explain this matter in Parliament,” Rasah MP Anthony Loke Siew Fook said in Parliament last week.

Machang MP Saifuddin Nasution Ismail also questioned the government’s move in considering the matter.

“Is it solely for tax purposes? Don’t they know the social impact behind it? Is this their move to reduce the deficit gap? The ball is now in Najib’s court to answer this,” he said.

The Malay Mail: NGOs shoot down proposal on sports betting

The general consensus among non-governmental organizations (NGOs) in Malaysia is that legalizing sports betting could lead to social problems in the long run.

Datuk N. Marimuthu, president of Consumers Associations (Fomca), has expressed concerns that legalizing sports betting could lower people’s morality.

When asked for a comment about the recent announcement that sports betting may soon be legalized in Malaysia, Marimuthu replied: “Some turn to gambling with the hopes of striking gold. But gambling, in whatever form, is never right.”

“Whatever your religion,” he continued, “gambling falls in the same category as womanising.”

Malaysian Muslim Consumers Association (PPIM) secretary general Datuk Dr Maamor Osman also dislikes the idea of legalizing sports betting in Malaysia.

“What’s the use of labeling Malaysia a Muslim country if we do not portray it as such? Speaking from a multi-racial angle, there is no religion that allows its followers to engage in such activity. It is bad for everyone.”

Malaysia’s Prime Minister Najib Tun Razak made an announcement last week that he is considering legalizing sports betting in the country, perhaps even in time for the FIFA World Cup that begins on June 11 in South Africa. The announcement has many frustrated, including his own MPs, who feel that Najib is keeping them out of the loop.

AsiaOne News: Legal sports betting in Malaysia soon?

Sports betting in Malaysia may soon be legalized, perhaps even in time for the Fifa World Cup finals in South Africa that begin on June 11.

A local gambling firm called the Berjaya Group is seeking approval to offer sports internet betting activities in the country.

The group received such permission from the Finance Ministry in October 2004, and even paid RM25 million for a 20-year concession. The prime minister, however, shot down the proposal, saying the government would not legalize football betting in Malaysia.

Malaysians are already betting illegally on sports, and authorities are hopeful that legalizing sports betting would reduce the number of illegal bettors.

“It will likely divert money from illegal football betting. In 2006, it was estimated that the legal gaming is valued at RM850 million ($260 million) every day in Malaysia, with illegal gambling estimated at around the same amount.

This gives the total size of estimated daily gambling in Malaysia at around RM1.7 billion ($520 million).
It will also take some of the gaming market share lost to Singapore with the opening of its first casino recently,” said an industry observer.

Free Malaysia Today: MPs to Najib: Explain bid to legalise sports betting

Malasia MPs feel that Prime Minister Najib Tun Razak has some explaining to do regarding his recent statement that he is “considering” legalizing sports betting in Malaysia.

Pakatan Rakyat leaders have taken him to task over his statement in Hong Kong, with Rasah MP Anthony Loke Siew Fook accusing Najib of being “secretive” about the matter.

“Why is Najib so secretive about this? If it’s indeed true that the government is considering to legalise it, doesn’t he know the social impact it will have on the youth? I challenge him to explain this matter in Parliament,” Rasah MP Anthony Loke Siew Fook said in Parliament last week.

Machang MP Saifuddin Nasution Ismail also questioned the government’s move in considering the matter.

“Is it solely for tax purposes? Don’t they know the social impact behind it? Is this their move to reduce the deficit gap? The ball is now in Najib’s court to answer this,” he said.

The Malay Mail: NGOs shoot down proposal on sports betting

The general consensus among non-governmental organizations (NGOs) in Malaysia is that legalizing sports betting could lead to social problems in the long run.

Datuk N. Marimuthu, president of Consumers Associations (Fomca), has expressed concerns that legalizing sports betting could lower people’s morality.

When asked for a comment about the recent announcement that sports betting may soon be legalized in Malaysia, Marimuthu replied: “Some turn to gambling with the hopes of striking gold. But gambling, in whatever form, is never right.”

“Whatever your religion,” he continued, “gambling falls in the same category as womanising.”

Malaysian Muslim Consumers Association (PPIM) secretary general Datuk Dr Maamor Osman also dislikes the idea of legalizing sports betting in Malaysia.

“What’s the use of labeling Malaysia a Muslim country if we do not portray it as such? Speaking from a multi-racial angle, there is no religion that allows its followers to engage in such activity. It is bad for everyone.”

A match-fixing scandal that broke out a few months ago in Germany is still unfolding and has led to the recent arrest of some 46 individuals in Turkey. Among the detained are a number of players and coaches wrapped up in what was an estimated 200 fixed matches in 11 countries.

People’s Daily Online: More than 50 detained on football match-fixing in Turkey

Over 50 people including professional football players, coaches, managers and high-ranking officials, were detained Wednesday on allegations of manipulating football games and match fixing. Police raids were carried out in 8 Turkish provinces.

Detainees were brought to Istanbul for further interrogation. Those in custody are being processed at the Istanbul Financial Crimes Unit. The Turkish Football Association declared that the investigation started with their application to the prosecutor in August 2009.

In its announcement, the federation claimed that 3 different match-fixing dossiers were examined. Match-fixing allegations started in November by organized crime officials in Bochum, Germany. Since then over 200 matches in 11 countries have been investigated including Turkey.

BBC News: Mass arrests in Turkey in football match-fixing probe

Turkish police have arrested 46 people in connection with a Europe-wide football match-fixing scandal which first broke in Germany 4 months ago. The arrests were made in 26 towns and cities across the country. German investigators believe some 200 matches in 11 countries were fixed by players and referees. Estimates indicate that gamblers have made at least €10 million on this.

The charges that suspects might face are unknown, but they are under investigation by the smuggling and organised-crime department of the police.

The German investigation of what is thought to be Europe’s largest match-fixing racket ever has pushed Turkish prosecutors to go after those whom they believe have been rigging league games locally.

NBC Sports: Turkey: 46 people questioned over match-fixing

Turkish police say 46 people were detained for questioning as part of an investigation into alleged match-fixing in football.

Istanbul police chief, Huseyin Capkin, said that suspects were detained in 26 different cities and that operations will continue. Several clubs’ players and officials were detained Wednesday by fraud squads as part of the investigation.

Kamil Dizdar of topflight club Istanbul, Buyuksehir Belediyespor, confirmed that assistant coach Arif Erdem and goalkeeper Kenan Hasagic were being interrogated by investigators.

A match-fixing scandal that broke out a few months ago in Germany is still unfolding and has led to the recent arrest of some 46 individuals in Turkey. Among the detained are a number of players and coaches wrapped up in what was an estimated 200 fixed matches in 11 countries.

People’s Daily Online: More than 50 detained on football match-fixing in Turkey

Over 50 people including professional football players, coaches, managers and high-ranking officials, were detained Wednesday on allegations of manipulating football games and match fixing. Police raids were carried out in 8 Turkish provinces.

Detainees were brought to Istanbul for further interrogation. Those in custody are being processed at the Istanbul Financial Crimes Unit. The Turkish Football Association declared that the investigation started with their application to the prosecutor in August 2009.

In its announcement, the federation claimed that 3 different match-fixing dossiers were examined. Match-fixing allegations started in November by organized crime officials in Bochum, Germany. Since then over 200 matches in 11 countries have been investigated including Turkey.

BBC News: Mass arrests in Turkey in football match-fixing probe

Turkish police have arrested 46 people in connection with a Europe-wide football match-fixing scandal which first broke in Germany 4 months ago. The arrests were made in 26 towns and cities across the country. German investigators believe some 200 matches in 11 countries were fixed by players and referees. Estimates indicate that gamblers have made at least €10 million on this.

The charges that suspects might face are unknown, but they are under investigation by the smuggling and organised-crime department of the police.

The German investigation of what is thought to be Europe’s largest match-fixing racket ever has pushed Turkish prosecutors to go after those whom they believe have been rigging league games locally.

NBC Sports: Turkey: 46 people questioned over match-fixing

Turkish police say 46 people were detained for questioning as part of an investigation into alleged match-fixing in football.

Istanbul police chief, Huseyin Capkin, said that suspects were detained in 26 different cities and that operations will continue. Several clubs’ players and officials were detained Wednesday by fraud squads as part of the investigation.

Kamil Dizdar of topflight club Istanbul, Buyuksehir Belediyespor, confirmed that assistant coach Arif Erdem and goalkeeper Kenan Hasagic were being interrogated by investigators.

Lu Jun, one of China’s most beloved referees, was arrested last week along with two other refs under suspicion of match fixing. Depending on the amount of money involved, Lu may face the death penalty for his crimes. Police, however, have not made an official statement about why the arrests were made.

Al Jazeera: China referees arrested over graft

Last week, Chinese police arrested three football referees on suspicion of match-fixing. Among the men detained is Lu Jun, one of China’s leading referees. Lu officiated hundreds matches before retiring in 2005, and earned the nickname the “golden whistle” for his integrity during an earlier match fixing scandal.

Lu’s sentence will depend on the amount of money involved in the betting scandal, but as a public servant, if he is found guilty of taking money, he may face the death penalty.

Wei Di, head of the Chinese Football Association (CFA), said he was “shocked” and “hurt” by the news of Lu’s arrest.

“He is undoubtedly a first-rate referee in terms of working ability, but his morals are a far cry from his ‘golden whistle’ reputation,” he said.

Facing intense pressure from China’s leaders, Wei is cracking down on match-fixing and corruption in Chinese football. He took over for as head of the CFA after his predecessor was arrested as part of an investigation into corruption in the game.

China Daily: Match fixing: 3 referees arrested

Three Chinese soccer referees, including the famous “golden whistle” Lu Jun, have been arrested on suspicion of accepting bribes.

Lu Jun, Zhou Weixin and Huang Junjie have been arrested,” said soccer chief Wei Di. “I was really shocked and hurt when Lu’s name cropped up in the scandal. He is undoubtedly a first-rate referee in terms of working ability, but his morals are a far cry from his ‘golden whistle’ reputation,” Wei said.

Lu was named the “best referee” in the league’s first decade. He was also named “Referee of the Year” twice by the Asian Football Confederation.

“We don’t know what sentences they will get But we can see these referees must have contributed to the problem of match fixing and manipulation,” Wei said, but the punishment for State servants found guilty of accepting bribes of more than 100,000 yuan ($14,705) is a minimum of 10 years up to death, according to Chinese law.

Reuters: China chief ‘hurt’ by match-fixing arrest of ‘golden’ ref

Chinese Football Association (CFA) chief Wei Di was “shocked” and “hurt” by the arrest of World Cup referee Lu Jun last week. Lu was dubbed the “golden whistle” for his integrity during the “black whistles” scandal some eight years ago.

One of three referees arrested, Lu faces punishments that could range from an administrative sanction to the death penalty, depending on the amount of money involved in the scandal.

The others referees detained were retired 45-year-old Guangzhou official Zhou Weixin and Huang Junjie, an active FIFA international referee.

Police have not told CFA chief Wei why the three officials were arrested. Wei took over as chief after his predecessor Nan Yong was arrested during another Chinese football scandal.

Lu Jun, one of China’s most beloved referees, was arrested last week along with two other refs under suspicion of match fixing. Depending on the amount of money involved, Lu may face the death penalty for his crimes. Police, however, have not made an official statement about why the arrests were made.

Al Jazeera: China referees arrested over graft

Last week, Chinese police arrested three football referees on suspicion of match-fixing. Among the men detained is Lu Jun, one of China’s leading referees. Lu officiated hundreds matches before retiring in 2005, and earned the nickname the “golden whistle” for his integrity during an earlier match fixing scandal.

Lu’s sentence will depend on the amount of money involved in the betting scandal, but as a public servant, if he is found guilty of taking money, he may face the death penalty.

Wei Di, head of the Chinese Football Association (CFA), said he was “shocked” and “hurt” by the news of Lu’s arrest.

“He is undoubtedly a first-rate referee in terms of working ability, but his morals are a far cry from his ‘golden whistle’ reputation,” he said.

Facing intense pressure from China’s leaders, Wei is cracking down on match-fixing and corruption in Chinese football. He took over for as head of the CFA after his predecessor was arrested as part of an investigation into corruption in the game.

China Daily: Match fixing: 3 referees arrested

Three Chinese soccer referees, including the famous “golden whistle” Lu Jun, have been arrested on suspicion of accepting bribes.

Lu Jun, Zhou Weixin and Huang Junjie have been arrested,” said soccer chief Wei Di. “I was really shocked and hurt when Lu’s name cropped up in the scandal. He is undoubtedly a first-rate referee in terms of working ability, but his morals are a far cry from his ‘golden whistle’ reputation,” Wei said.

Lu was named the “best referee” in the league’s first decade. He was also named “Referee of the Year” twice by the Asian Football Confederation.

“We don’t know what sentences they will get But we can see these referees must have contributed to the problem of match fixing and manipulation,” Wei said, but the punishment for State servants found guilty of accepting bribes of more than 100,000 yuan ($14,705) is a minimum of 10 years up to death, according to Chinese law.

Reuters: China chief ‘hurt’ by match-fixing arrest of ‘golden’ ref

Chinese Football Association (CFA) chief Wei Di was “shocked” and “hurt” by the arrest of World Cup referee Lu Jun last week. Lu was dubbed the “golden whistle” for his integrity during the “black whistles” scandal some eight years ago.

One of three referees arrested, Lu faces punishments that could range from an administrative sanction to the death penalty, depending on the amount of money involved in the scandal.

The others referees detained were retired 45-year-old Guangzhou official Zhou Weixin and Huang Junjie, an active FIFA international referee.

Police have not told CFA chief Wei why the three officials were arrested. Wei took over as chief after his predecessor Nan Yong was arrested during another Chinese football scandal.

Golfer Tiger Woods, who has been in the limelight in recent months because of a scandal surrounding his personal life, has turned down a lucrative sponsorship offer from Paddy Power, Ireland’s biggest bookmaker. Woods has lost many of his biggest sponsors in recent months. Paddy Power intends to turn around with an even better offer.

New York Times: Woods Turns Down Paddy Power Sponsorship Offer

Golfer Tiger Woods turned down a five year, $75 million sponsorship offer from the Irish online sportsbook Paddy Power. Upon being rejected, Paddy Power announced intentions to an improved offer.

Woods has been losing sponsors lately. The 14-times major champion winner lost his deal with sports drink brand Gatorade last week. Gatorade was the third major corporate sponsor to dump Woods since details of his inappropriate conduct hit the newsstands last year.

The golf star was earning $100 million in endorsement deals annually before taking a break from golf in December. Woods has not said when he intends to return to the sport when he spoke to media last month. He has remained very quiet since the scandal over his private life erupted in December.

During last year’s U.S. PGA Championship, Paddy Power lost 1.5 million euros to bettors who had gambled on Woods after just 36 holes, even though Woods lost to South Korea’s Yang Yong-eun at the end of the event.

Market Watch: Woods turns down $75 million sponsorship offer

Paddy Power, a publicly traded internet sports betting company in Ireland, offered Tiger Woods’ representatives a $75 million sponsorship deal over the next five years.

Woods turned down the offer. The company said it “remains keen” to strike a deal, and intends make an “enhanced” offer to secure the deal.

Woods has lost many of his endorsements in the last few months, including Accenture and Gatorade, ever since he admitted to having multiple affairs.

Procter & Gamble’s Gillette has kept Woods’ contract alive, might not use Woods in any more ads. Nike and Electronic Arts also continue to honor their contracts.

Woods has publically apologized for his recent actions, but has not said when he will begin golfing again.

Paddy Power has a history of spending on its message: Marketing expenses were nearly 29 million euros in 2009, while recorded profits were around 58 million euros.

Business Week: Paddy Power to Raise Woods Offer After Bid Rejected

Paddy Power, Ireland’s biggest sportsbook, intends will increase its sponsorship offer to Tiger Woods after their previous bid of $75 million over five years was rejected by the golfer.

“Paddy Power remains keen to work with Tiger Woods, and will re-engage” said the Dublin-based group. “An enhanced offer will be made.”

“Tiger as a brand is up there with Coca-Cola and Pepsi. It’s something we are quite serious about.” The new offer will be “somewhat more generous,” he said.

Woods, who is a 14-time major-tournament winner, recently lost his sponsorship deals with Accenture Plc and AT&T Inc. These contracts were broken after Woods admitted to being unfaithful to his wife, and announcing that he intended to take indefinite break from playing golf.

Golfer Tiger Woods, who has been in the limelight in recent months because of a scandal surrounding his personal life, has turned down a lucrative sponsorship offer from Paddy Power, Ireland’s biggest bookmaker. Woods has lost many of his biggest sponsors in recent months. Paddy Power intends to turn around with an even better offer.

New York Times: Woods Turns Down Paddy Power Sponsorship Offer

Golfer Tiger Woods turned down a five year, $75 million sponsorship offer from the Irish online sportsbook Paddy Power. Upon being rejected, Paddy Power announced intentions to an improved offer.

Woods has been losing sponsors lately. The 14-times major champion winner lost his deal with sports drink brand Gatorade last week. Gatorade was the third major corporate sponsor to dump Woods since details of his inappropriate conduct hit the newsstands last year.

The golf star was earning $100 million in endorsement deals annually before taking a break from golf in December. Woods has not said when he intends to return to the sport when he spoke to media last month. He has remained very quiet since the scandal over his private life erupted in December.

During last year’s U.S. PGA Championship, Paddy Power lost 1.5 million euros to bettors who had gambled on Woods after just 36 holes, even though Woods lost to South Korea’s Yang Yong-eun at the end of the event.

Market Watch: Woods turns down $75 million sponsorship offer

Paddy Power, a publicly traded internet sports betting company in Ireland, offered Tiger Woods’ representatives a $75 million sponsorship deal over the next five years.

Woods turned down the offer. The company said it “remains keen” to strike a deal, and intends make an “enhanced” offer to secure the deal.

Woods has lost many of his endorsements in the last few months, including Accenture and Gatorade, ever since he admitted to having multiple affairs.

Procter & Gamble’s Gillette has kept Woods’ contract alive, might not use Woods in any more ads. Nike and Electronic Arts also continue to honor their contracts.

Woods has publically apologized for his recent actions, but has not said when he will begin golfing again.

Paddy Power has a history of spending on its message: Marketing expenses were nearly 29 million euros in 2009, while recorded profits were around 58 million euros.

Business Week: Paddy Power to Raise Woods Offer After Bid Rejected

Paddy Power, Ireland’s biggest sportsbook, intends will increase its sponsorship offer to Tiger Woods after their previous bid of $75 million over five years was rejected by the golfer.

“Paddy Power remains keen to work with Tiger Woods, and will re-engage” said the Dublin-based group. “An enhanced offer will be made.”

“Tiger as a brand is up there with Coca-Cola and Pepsi. It’s something we are quite serious about.” The new offer will be “somewhat more generous,” he said.

Woods, who is a 14-time major-tournament winner, recently lost his sponsorship deals with Accenture Plc and AT&T Inc. These contracts were broken after Woods admitted to being unfaithful to his wife, and announcing that he intended to take indefinite break from playing golf.

Ladbrokes, one of the UK’s largest , reported a 28% fall in profits for 2009 over the previous year. They blame the economic climate which kept punters from betting, and the unusually snowy winter which kept bettors from heading out to the 2,700 betting shops that Ladbrokes operates across the UK.

The Wall Street Journal: Ladbrokes’s Net Tumbles

The UK gambling company Ladbrokes PLC reported a significant drop in 2009 profits amid the economic downturn.

The sportsbook reported last year’s net profit down 63% to £74.4 million from £200.7 million in 2008. Revenue fell 10% to £1.032 billion.

Revenue suffered from winter weather, with snow and ice across the UK keeping customers at home. Another contributing factor was a strange year for the Premier League, which saw fewer draws in matches than usual. Draws are a bookmaker’s secret weapon, as most bettors wager on one team to win.

Chief Executive Officer Chris Bell says they are putting their hopes on the soccer World Cup in South Africa this summer. “Far from me to make the prediction that the World Cup will balance the economy … But it’s a huge tournament.”

Ladbrokes is watching carefully for changes to US gambling laws. “We are prepared,” Bell said.

BBC: Ladbrokes profits hit by recession

UK sportsbook Ladbrokes blames the economy for a 28% fall in profits for 2009. Last year it made £191.3m ($301.5m), down from the £265.6m it made in 2008.

Sales in the UK fell by 28%, as bettors cut back on spending in the recession.

The company says the football World Cup this summer is a good opportunity to increase profits and attract new customers.

Ladbrokes also hopes to increase profits through the upcoming launch of a new spread betting service, which will let punters to bet on stock markets, shares and currencies.

The company’s chairman Peter Erskine admits “2009 was a challenging year for Ladbrokes.”

“We were impacted by the deteriorating economic environment… however, Ladbrokes continues to be a profitable and cash generative business.”

The New York Times: Ladbrokes Profits Slump

Britain’s largest sportsbook Ladbrokes reported a 28% drop in last year’s pretax profits. The figure reflects recent economic conditions and bettor-friendly results hitting margins during the third quarter.

The company, which has operates more than 2,700 betting shops across the UK, said their 2009 pretax profits fell from 265.6 million in 2008 to just 191.3 million pounds.

The figures are still ahead average forecast for pretax profit, which stood at 166 million pounds according to a Thomson Reuters I/B/E/S poll of 19 analysts. Ladbrokes is also facing the loss of CEO Chris Bell who will step down in early summer, and are currently looking for a replacement.

Shares in Ladbrokes closed last week at 151.9 pence, valuing the business at 1.4 billion pounds.

Ladbrokes, one of the UK’s largest , reported a 28% fall in profits for 2009 over the previous year. They blame the economic climate which kept punters from betting, and the unusually snowy winter which kept bettors from heading out to the 2,700 betting shops that Ladbrokes operates across the UK.

The Wall Street Journal: Ladbrokes’s Net Tumbles

The UK gambling company Ladbrokes PLC reported a significant drop in 2009 profits amid the economic downturn.

The sportsbook reported last year’s net profit down 63% to £74.4 million from £200.7 million in 2008. Revenue fell 10% to £1.032 billion.

Revenue suffered from winter weather, with snow and ice across the UK keeping customers at home. Another contributing factor was a strange year for the Premier League, which saw fewer draws in matches than usual. Draws are a bookmaker’s secret weapon, as most bettors wager on one team to win.

Chief Executive Officer Chris Bell says they are putting their hopes on the soccer World Cup in South Africa this summer. “Far from me to make the prediction that the World Cup will balance the economy … But it’s a huge tournament.”

Ladbrokes is watching carefully for changes to US gambling laws. “We are prepared,” Bell said.

BBC: Ladbrokes profits hit by recession

UK sportsbook Ladbrokes blames the economy for a 28% fall in profits for 2009. Last year it made £191.3m ($301.5m), down from the £265.6m it made in 2008.

Sales in the UK fell by 28%, as bettors cut back on spending in the recession.

The company says the football World Cup this summer is a good opportunity to increase profits and attract new customers.

Ladbrokes also hopes to increase profits through the upcoming launch of a new spread betting service, which will let punters to bet on stock markets, shares and currencies.

The company’s chairman Peter Erskine admits “2009 was a challenging year for Ladbrokes.”

“We were impacted by the deteriorating economic environment… however, Ladbrokes continues to be a profitable and cash generative business.”

The New York Times: Ladbrokes Profits Slump

Britain’s largest sportsbook Ladbrokes reported a 28% drop in last year’s pretax profits. The figure reflects recent economic conditions and bettor-friendly results hitting margins during the third quarter.

The company, which has operates more than 2,700 betting shops across the UK, said their 2009 pretax profits fell from 265.6 million in 2008 to just 191.3 million pounds.

The figures are still ahead average forecast for pretax profit, which stood at 166 million pounds according to a Thomson Reuters I/B/E/S poll of 19 analysts. Ladbrokes is also facing the loss of CEO Chris Bell who will step down in early summer, and are currently looking for a replacement.

Shares in Ladbrokes closed last week at 151.9 pence, valuing the business at 1.4 billion pounds.

Canadian gambling law continues to liberalize and as a result, online gambling will be made legal and offered most recently in the Province of Quebec. The lotto and internet poker rooms are the first to be offered. Loto-Quebec will team up with other companies to cover a larger part of Canada.

The Montreal Gazette: Loto-Québec goes online

Loto-Québec will offer Quebecers online poker and sports betting at a site that should be live this year in order control a new, beneficial stream of revenue. Plans received the blessing of the Quebec cabinet, which intends to “cannibalize illegal gambling sites” and see a common electronic platform created for Loto-Québec, B.C. Lottery Corp. and Atlantic Lottery Corp., which covers Canada’s 4 Atlantic Provinces.

A memorandum of understanding was signed by the 3 corporations providing rules governing the new games. Quebec and its partners will need high betting limits to compete with existing online operations. Even with high limits, it’s not sure that the new sites will succeed in luring players from older sites. The number of viable players is a big concern at the moment.

At a media conference in Montreal, the main focus was on legitimacy, regulation and protection that provincially run online gambling would offer consumers. Online games could generate as much as $50 million in new revenue for Quebec in 2012.

CBC News: Loto-Québec to offer online gambling

Quebec’s lottery corporation will launch its first online gambling service this September. Loto-Québec hopes it will add millions of dollars to its coffers by 2013. Allowing Loto-Québec to join the lucrative online market could earn the province $50 million over 3 years, according to Finance Minister Raymond Bachand.

Social costs regarding young adults are particularly grim, suggested Danielle Doyer, the Parti Québécois ’s social services critic. She accused the Liberal government of ignoring the costs in favor of financial gain. Loto-Québec, however, argues that Quebeckers already have access to more than 2,000 online gambling sites that are “illegal and unregulated.”

The site will require players to verify their age, limit their weekly account replenishments and allow players to “self-exclude at all times.”

He also cited a public health study that showed no increase in problematic gamblers in Quebec between 1996 and 2002, suggesting the proportion of the population addicted to gambling always remains the same, regardless of the number of gambling outlets.

The Canadian Press: Quebec loto commission to join B.C. and Atlantic Canada online gambling venture

Quebec’s lottery commission plans to offer online gambling by this fall. On Wednesday, the Quebec government announced that it is allowing Loto-Quebec to set up poker and sports betting sites online. Loto-Quebec will join lottery commissions from British Columbia and Atlantic Canada to provide a common platform for online gamblers.

According to Quebec Finance Minister Raymond Bachand, online gambling is already widespread and government coffers could benefit greatly from the continuously growing market. He says he expects the government to receive around $50 million in dividends from Loto-Quebec’s online venture after just three years.

The lottery commission promised to take steps to limit underage players from taking part.

Canadian gambling law continues to liberalize and as a result, online gambling will be made legal and offered most recently in the Province of Quebec. The lotto and internet poker rooms are the first to be offered. Loto-Quebec will team up with other companies to cover a larger part of Canada.

The Montreal Gazette: Loto-Québec goes online

Loto-Québec will offer Quebecers online poker and sports betting at a site that should be live this year in order control a new, beneficial stream of revenue. Plans received the blessing of the Quebec cabinet, which intends to “cannibalize illegal gambling sites” and see a common electronic platform created for Loto-Québec, B.C. Lottery Corp. and Atlantic Lottery Corp., which covers Canada’s 4 Atlantic Provinces.

A memorandum of understanding was signed by the 3 corporations providing rules governing the new games. Quebec and its partners will need high betting limits to compete with existing online operations. Even with high limits, it’s not sure that the new sites will succeed in luring players from older sites. The number of viable players is a big concern at the moment.

At a media conference in Montreal, the main focus was on legitimacy, regulation and protection that provincially run online gambling would offer consumers. Online games could generate as much as $50 million in new revenue for Quebec in 2012.

CBC News: Loto-Québec to offer online gambling

Quebec’s lottery corporation will launch its first online gambling service this September. Loto-Québec hopes it will add millions of dollars to its coffers by 2013. Allowing Loto-Québec to join the lucrative online market could earn the province $50 million over 3 years, according to Finance Minister Raymond Bachand.

Social costs regarding young adults are particularly grim, suggested Danielle Doyer, the Parti Québécois ’s social services critic. She accused the Liberal government of ignoring the costs in favor of financial gain. Loto-Québec, however, argues that Quebeckers already have access to more than 2,000 online gambling sites that are “illegal and unregulated.”

The site will require players to verify their age, limit their weekly account replenishments and allow players to “self-exclude at all times.”

He also cited a public health study that showed no increase in problematic gamblers in Quebec between 1996 and 2002, suggesting the proportion of the population addicted to gambling always remains the same, regardless of the number of gambling outlets.

The Canadian Press: Quebec loto commission to join B.C. and Atlantic Canada online gambling venture

Quebec’s lottery commission plans to offer online gambling by this fall. On Wednesday, the Quebec government announced that it is allowing Loto-Quebec to set up poker and sports betting sites online. Loto-Quebec will join lottery commissions from British Columbia and Atlantic Canada to provide a common platform for online gamblers.

According to Quebec Finance Minister Raymond Bachand, online gambling is already widespread and government coffers could benefit greatly from the continuously growing market. He says he expects the government to receive around $50 million in dividends from Loto-Quebec’s online venture after just three years.

The lottery commission promised to take steps to limit underage players from taking part.

David Carruthers, the former head of the online sportsbook Bet on Sports Online, has just been sentenced to 33 months in jail.

He was arrested three years ago by FBI agents for running a company that let US players wager on sports over the internet. Carruthers was charged with racketeering and conspiracy.

Telegraph: Bet on Sports Online executive jailed 

David Carruthers, the former head of an online sportsbook company called Bet on Sports Online, has plead guilty to charges of racketeering and conspiracy, and has been sentenced to 33 months in jail.

The charges are connected to the company’s operations in the US, where online gambling is restricted. The fiasco follows the government’s crackdown on offshore online gambling sites that illegally accept wagers from American players. Bet on Sports Online saw profits of $3.5bn (£2.2bn) between 2002 and 2004, and most of that revenue came from players in the US.

Carruthers has been living under house arrest in a hotel in Missouri for the last three years, ever since he was detained by the FBI at Dallas Airport while on his way to Costa Rica, where Bet on Sports Online is headquartered.

Assistant US Attorney Steven Holtshouser said: “Previously, executives, owners and investors believed that they were immune from the reach of US law enforcement. Both the conviction of, and sentence handed down against Mr Carruthers should send a message to any foreign business conducting illegal activities in the United States, that geography does not render it untouchable.”

Last year, founder of Bet on Sports Online, Gary Kaplan was sentenced to more than four years in prison after agreeing to forfeit more than £43m.

Bet on Sports Online Boss Jailed

A SCOTS gambling executive has been sentenced to almost three years in the US after pleading guilty to charges of racketeering. David Carruthers has spent the last three years under house arrest at a hotel in Missouri for violating American gambling laws.

Edinburgh-born Carruthers was chief executive of the massive internet sporstsbook BetOnSports. Carruthers appeared in court on Friday, where he was sentenced to 33 months after striking a deal with prosecutors.

Carruthers read a prepared statement at the hearing, apologizing for breaking US gambling regulations in a prepared statement to the hearing. He said: “I understand now that the business was operating outside the laws of the United States. I realize I made the biggest mistake of my life. I am sorry for the actions of BetOnSports and the trouble it caused.”

He was arrested by the FBI agents in July 2006 as he passed through Dallas Airport on his way to the company headquarters in Costa Rica. His wife Carol was with him at the time, and was also detained.

Carruthers is accused of breaking US law by presiding over a company that accepted illegal sports bets on the internet from American bettors.

Gambling Executive Sentenced to Prison

David Carruthers, the former chief executive of the online sports betting company Bet on Sports Online, has just been sentenced to 33 months in prison.

On Friday, Carruthers pleaded guilty racketeering conspiracy. Carruthers and 10 other individuals, including the company’s founder Gary S. Kaplan were indicted in 2006. Each was accused of violating an old federal law that forbids the placement of wagers by wire.

“I understand now that the business was operating outside the laws of the United States,” said Carruthers in a statement he read to the judge Carol during his trial.

Bet on Sports Online saw $1.25 billion in profits in 2004, with 98% of that revenue coming from bets made across the internet by players in United States.

David Carruthers, the former head of the online sportsbook Bet on Sports Online, has just been sentenced to 33 months in jail.

He was arrested three years ago by FBI agents for running a company that let US players wager on sports over the internet. Carruthers was charged with racketeering and conspiracy.

Telegraph: Bet on Sports Online executive jailed 

David Carruthers, the former head of an online sportsbook company called Bet on Sports Online, has plead guilty to charges of racketeering and conspiracy, and has been sentenced to 33 months in jail.

The charges are connected to the company’s operations in the US, where online gambling is restricted. The fiasco follows the government’s crackdown on offshore online gambling sites that illegally accept wagers from American players. Bet on Sports Online saw profits of $3.5bn (£2.2bn) between 2002 and 2004, and most of that revenue came from players in the US.

Carruthers has been living under house arrest in a hotel in Missouri for the last three years, ever since he was detained by the FBI at Dallas Airport while on his way to Costa Rica, where Bet on Sports Online is headquartered.

Assistant US Attorney Steven Holtshouser said: “Previously, executives, owners and investors believed that they were immune from the reach of US law enforcement. Both the conviction of, and sentence handed down against Mr Carruthers should send a message to any foreign business conducting illegal activities in the United States, that geography does not render it untouchable.”

Last year, founder of Bet on Sports Online, Gary Kaplan was sentenced to more than four years in prison after agreeing to forfeit more than £43m.

Bet on Sports Online Boss Jailed

A SCOTS gambling executive has been sentenced to almost three years in the US after pleading guilty to charges of racketeering. David Carruthers has spent the last three years under house arrest at a hotel in Missouri for violating American gambling laws.

Edinburgh-born Carruthers was chief executive of the massive internet sporstsbook BetOnSports. Carruthers appeared in court on Friday, where he was sentenced to 33 months after striking a deal with prosecutors.

Carruthers read a prepared statement at the hearing, apologizing for breaking US gambling regulations in a prepared statement to the hearing. He said: “I understand now that the business was operating outside the laws of the United States. I realize I made the biggest mistake of my life. I am sorry for the actions of BetOnSports and the trouble it caused.”

He was arrested by the FBI agents in July 2006 as he passed through Dallas Airport on his way to the company headquarters in Costa Rica. His wife Carol was with him at the time, and was also detained.

Carruthers is accused of breaking US law by presiding over a company that accepted illegal sports bets on the internet from American bettors.

Gambling Executive Sentenced to Prison

David Carruthers, the former chief executive of the online sports betting company Bet on Sports Online, has just been sentenced to 33 months in prison.

On Friday, Carruthers pleaded guilty racketeering conspiracy. Carruthers and 10 other individuals, including the company’s founder Gary S. Kaplan were indicted in 2006. Each was accused of violating an old federal law that forbids the placement of wagers by wire.

“I understand now that the business was operating outside the laws of the United States,” said Carruthers in a statement he read to the judge Carol during his trial.

Bet on Sports Online saw $1.25 billion in profits in 2004, with 98% of that revenue coming from bets made across the internet by players in United States.

A Las Vegas based company called Cantor Gaming recently introduced a mobile gambling device that lets patrons of participating casinos wager on sporting events and play games like blackjack and baccarat while wandering around the casino property. Credits are purchased ahead of time, and a special security chip that players keep in their pocket makes sure no other users can access their device. It is quickly catching on, and Cantor hopes to expand the system throughout Vegas over the next few years.

The New York Times: In Las Vegas, Sports Books in a Pocket

In the past, sports bettors in Las Vegas had to line up at sports book windows and pay cash for paper tickets in order to place bets. At the M Resort, things work a little differently, and betting is happening through hand-held devices not much bigger than an iPhone.

The new technology comes from Cantor Gaming, and lets gamblers wager on sporting events from anywhere in the casino. Live betting is also available, letting gamblers wager on the outcomes of events as they happen.

Casino operators love the new system. “All of a sudden, these same people who were betting once or twice a game at the beginning of a sporting event can place wagers every minute if they want,” says Anthony A. Marnell III, chief executive of the M Resort. “Having this technology changes the entire equation for everyone involved.”

Bettors must still hand cash over to ticket writers, but the money gets converted electronic credits that show up on the wireless hand-helds, called eDecks (or in some places, PocketCasino). These devices can be taken almost anywhere in the casino. The only restriction is that bettors cannot use them while playing table games.

All eDeck users must obtain a plastic card with an ID chip embedded in it. The eDeck will only work within a few feet of that chip, so no other bettor can pick up the device and wager on another user’s account. The devices were approved by the Nevada Gaming Commission in 2008, but are only now being rolled out to casinos.

Vegas News: Cantor Gaming Launches Mobile Gaming Throughout The Venetian and The Palazzo

Cantor Gaming announced yesterday that the PocketCasino, available at The Venetian and The Palazzo casinos in Las Vegas, is now offering casino games in addition to live sports betting. The PocketCasino lets gamblers play casino style games in most areas of the resorts, including the casino, bars, lounges and restaurants.

Cantor Gaming launched the PocketCasino sports betting system in September at The Venetian Race and Sports Book and Lagasse’s Stadium at The Palazzo. PocketCasino now also gives players access to games such like blackjack, video poker and slots. These games offer special propositional bets that calculate odds dynamically based on the cards dealt.

President and CEO of Cantor Gaming Lee Amaitis said, “The inherent flexibility of the mobile platform provides a new type of social gaming experience, where a group of friends can sit together yet all be playing different games: blackjack, poker, slots or baccarat. And for casino operators, mobile gaming has shown it can convert traditionally non-gaming areas of the property into revenue-generating areas, resulting in incremental income for the property.”

Robert Goldstein, president and COO of The Venetian and The Palazzo, added, “Pocketcasino gaming is the perfect way to enjoy the excitement of casino without missing the fun your friends are having at the bar, lounge, or in one of our amazing restaurants. It’s a multitasker’s dream come true.”

Las Vegas Review-Journal: Sports bets at your fingertips

A live, mobile betting system called “PocketCasino” recently debuted at The Palazzo and The Venetian casinos in Las Vegas. It lets bettors place live wagers on sport events, like whether a team will make the next goal. Standard bets are also offered, like point spreads and money lines on selected games.

Las Vegas-based Cantor Gaming introduced it in the spring at M Resort during the NCAA men’s basketball tournament.

Gregg Layman, a Palazzo patron from Panama, works for an online gambling website. Palazzo found the PocketCasino system to be similar to what online sportsbooks are offer.

“This is going to grow in popularity,” Layman said. “I wish I could use it from home.”

Another casino patron, Danny Tubiolo of New York, is hooked on the new system. “It’s fun to bet if a kicker will make or miss a field goal,” he said.

Mark Goldman, director of race and sports at the two casinos currently offering the PocketCasino, said that interest in the product is steadily increasing. “We have ambassadors working the room, handing out information,” says Goldman. “Once people understand it, it’s pretty easy to use. I think it adds to the excitement.”

Customers check out the devices, place money on a special account. When finished, gamblers return the device and cash out. The device is active throughout the casino.

Cantor is the first company to bring hand-held wagering devices into Las Vegas casinos.

A Las Vegas based company called Cantor Gaming recently introduced a mobile gambling device that lets patrons of participating casinos wager on sporting events and play games like blackjack and baccarat while wandering around the casino property. Credits are purchased ahead of time, and a special security chip that players keep in their pocket makes sure no other users can access their device. It is quickly catching on, and Cantor hopes to expand the system throughout Vegas over the next few years.

The New York Times: In Las Vegas, Sports Books in a Pocket

In the past, sports bettors in Las Vegas had to line up at sports book windows and pay cash for paper tickets in order to place bets. At the M Resort, things work a little differently, and betting is happening through hand-held devices not much bigger than an iPhone.

The new technology comes from Cantor Gaming, and lets gamblers wager on sporting events from anywhere in the casino. Live betting is also available, letting gamblers wager on the outcomes of events as they happen.

Casino operators love the new system. “All of a sudden, these same people who were betting once or twice a game at the beginning of a sporting event can place wagers every minute if they want,” says Anthony A. Marnell III, chief executive of the M Resort. “Having this technology changes the entire equation for everyone involved.”

Bettors must still hand cash over to ticket writers, but the money gets converted electronic credits that show up on the wireless hand-helds, called eDecks (or in some places, PocketCasino). These devices can be taken almost anywhere in the casino. The only restriction is that bettors cannot use them while playing table games.

All eDeck users must obtain a plastic card with an ID chip embedded in it. The eDeck will only work within a few feet of that chip, so no other bettor can pick up the device and wager on another user’s account. The devices were approved by the Nevada Gaming Commission in 2008, but are only now being rolled out to casinos.

Vegas News: Cantor Gaming Launches Mobile Gaming Throughout The Venetian and The Palazzo

Cantor Gaming announced yesterday that the PocketCasino, available at The Venetian and The Palazzo casinos in Las Vegas, is now offering casino games in addition to live sports betting. The PocketCasino lets gamblers play casino style games in most areas of the resorts, including the casino, bars, lounges and restaurants.

Cantor Gaming launched the PocketCasino sports betting system in September at The Venetian Race and Sports Book and Lagasse’s Stadium at The Palazzo. PocketCasino now also gives players access to games such like blackjack, video poker and slots. These games offer special propositional bets that calculate odds dynamically based on the cards dealt.

President and CEO of Cantor Gaming Lee Amaitis said, “The inherent flexibility of the mobile platform provides a new type of social gaming experience, where a group of friends can sit together yet all be playing different games: blackjack, poker, slots or baccarat. And for casino operators, mobile gaming has shown it can convert traditionally non-gaming areas of the property into revenue-generating areas, resulting in incremental income for the property.”

Robert Goldstein, president and COO of The Venetian and The Palazzo, added, “Pocketcasino gaming is the perfect way to enjoy the excitement of casino without missing the fun your friends are having at the bar, lounge, or in one of our amazing restaurants. It’s a multitasker’s dream come true.”

Las Vegas Review-Journal: Sports bets at your fingertips

A live, mobile betting system called “PocketCasino” recently debuted at The Palazzo and The Venetian casinos in Las Vegas. It lets bettors place live wagers on sport events, like whether a team will make the next goal. Standard bets are also offered, like point spreads and money lines on selected games.

Las Vegas-based Cantor Gaming introduced it in the spring at M Resort during the NCAA men’s basketball tournament.

Gregg Layman, a Palazzo patron from Panama, works for an online gambling website. Palazzo found the PocketCasino system to be similar to what online sportsbooks are offer.

“This is going to grow in popularity,” Layman said. “I wish I could use it from home.”

Another casino patron, Danny Tubiolo of New York, is hooked on the new system. “It’s fun to bet if a kicker will make or miss a field goal,” he said.

Mark Goldman, director of race and sports at the two casinos currently offering the PocketCasino, said that interest in the product is steadily increasing. “We have ambassadors working the room, handing out information,” says Goldman. “Once people understand it, it’s pretty easy to use. I think it adds to the excitement.”

Customers check out the devices, place money on a special account. When finished, gamblers return the device and cash out. The device is active throughout the casino.

Cantor is the first company to bring hand-held wagering devices into Las Vegas casinos.

Joseph LaForte, a 39 year old New Yorker, admitted to the US Disctrict Court last week that in 2005 and 2006 he played a role in an illegal online sports bettingoperation.

LaForte directed players to an internet sportsbook hosted offshore, supplying them with user names and passwords for online sports betting. The website gave LaForte a share of the profits. LaForte now faces a possible prison sentence.New York Man Admits Role in Sports Betting Ring

A man from New York admitted last week that he helped to run an illegal online sports betting website that offered services in several US states, including New Jersey.

Joseph W. LaForte admitted to the crime in U.S. District Court in Trenton last Wednesday.

LaForte, 39, pleaded guilty to conspiracy to operate an illegal online sports betting business. LaForte is already serving time in New York on separate charges, and now faces a sentence of up top five years in prison along with a $250,000 fine. He will be sentenced April 6th.

Online sports betting

LaForte’s admission said that between 2005 and 2006, he and several others helped punters to place wagers through an online sportsbook hosted outside the United States, then shared in the profits from the sports betting business.

NY man admits role in sports betting ring

A man from Staten Island, New York, recently pleaded guilty to setting a former employee’s Mercedes-Benz on fire in 2004 out of revenge.

James LaForte Jr., 32, also admitted last Wednesday to offering high-interest loans, then using threats and violence to collect on them. Loan sharking carries a maximum sentence of 20 years in prison and a $250,000 fine.

Additionally, LaForte’s brother Joseph W. LaForte admitted to a federal court that he had participated in an illegal online sports gambling business in New Jersey, New York, Florida and elsewhere. Joseph LaForte, 39, is currently serving a sentence in New York state prison on unrelated charges.  He admitted to conspiring with others in 2005 and 2006 to helping bettors to place wagers at a foreign internet gambling site. They provided punters with user names and passwords so they could wager on online sports betting, LaForte admitted. He faces up to five years in prison and a $250,000 fine; sentencing is set for April 6.

Breaking Local News from Staten Island, NY: Staten Island man admits role in sports betting ring

Joseph W. LaForte, a Staten Island native who most recently lived in Huguenot, admitted on Wednesday that he helped operate an illegal online sports betting ring in New Jersey.

Joseph W. LaForte made this admission Wednesday at the U.S. District Court in Trenton.

Thirty-nine year old LaForte pleaded guilty to charges he was accused of, including conspiracy to operate an unlawful online sports betting business. LaForte, currently serving a prison term in New York on unrelated charges, faces up to five years and a fine of $250,000 when he is sentenced on the 6th of April.

In his admission, LaForte revealed that in 2005 and early 2006, he and his associates directed bettors to a particular online sports betting website located outside the United States. LaForte shared in the profits from the online business.

Joseph LaForte, a 39 year old New Yorker, admitted to the US Disctrict Court last week that in 2005 and 2006 he played a role in an illegal online sports bettingoperation.

LaForte directed players to an internet sportsbook hosted offshore, supplying them with user names and passwords for online sports betting. The website gave LaForte a share of the profits. LaForte now faces a possible prison sentence.New York Man Admits Role in Sports Betting Ring

A man from New York admitted last week that he helped to run an illegal online sports betting website that offered services in several US states, including New Jersey.

Joseph W. LaForte admitted to the crime in U.S. District Court in Trenton last Wednesday.

LaForte, 39, pleaded guilty to conspiracy to operate an illegal online sports betting business. LaForte is already serving time in New York on separate charges, and now faces a sentence of up top five years in prison along with a $250,000 fine. He will be sentenced April 6th.

Online sports betting

LaForte’s admission said that between 2005 and 2006, he and several others helped punters to place wagers through an online sportsbook hosted outside the United States, then shared in the profits from the sports betting business.

NY man admits role in sports betting ring

A man from Staten Island, New York, recently pleaded guilty to setting a former employee’s Mercedes-Benz on fire in 2004 out of revenge.

James LaForte Jr., 32, also admitted last Wednesday to offering high-interest loans, then using threats and violence to collect on them. Loan sharking carries a maximum sentence of 20 years in prison and a $250,000 fine.

Additionally, LaForte’s brother Joseph W. LaForte admitted to a federal court that he had participated in an illegal online sports gambling business in New Jersey, New York, Florida and elsewhere. Joseph LaForte, 39, is currently serving a sentence in New York state prison on unrelated charges.  He admitted to conspiring with others in 2005 and 2006 to helping bettors to place wagers at a foreign internet gambling site. They provided punters with user names and passwords so they could wager on online sports betting, LaForte admitted. He faces up to five years in prison and a $250,000 fine; sentencing is set for April 6.

Breaking Local News from Staten Island, NY: Staten Island man admits role in sports betting ring

Joseph W. LaForte, a Staten Island native who most recently lived in Huguenot, admitted on Wednesday that he helped operate an illegal online sports betting ring in New Jersey.

Joseph W. LaForte made this admission Wednesday at the U.S. District Court in Trenton.

Thirty-nine year old LaForte pleaded guilty to charges he was accused of, including conspiracy to operate an unlawful online sports betting business. LaForte, currently serving a prison term in New York on unrelated charges, faces up to five years and a fine of $250,000 when he is sentenced on the 6th of April.

In his admission, LaForte revealed that in 2005 and early 2006, he and his associates directed bettors to a particular online sports betting website located outside the United States. LaForte shared in the profits from the online business.