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.”

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.”

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.”

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.”

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.

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.

In anticipating of a potential opening of the US online gambling market, Unibet PLC has paid $2.25 million for a 25.9% share in bingo.com. The private placement comes shortly after bingo.com switched to Unibet’s online bingo and casino network. Unibet has also announced its intention to apply for a license to operate in France.

Wall Street Journal Market Watch: Bingo.com Closes $2,250,000 Private Placement from Unibet

Bingo.com, Ltd., owner of the online gaming site www.bingo.com, announced yesterday that it closed a private placement from Unibet Group plc, selling 15 million common shares at $0.15 apiece, raising net proceeds of $2,250,000. The placement represents 25.9% Bingo.com.

“Bingo.com is pleased to have secured a private placement from Unibet,” said Bingo.com’s CEO Tarrnie Williams. “With one of the World’s leading gaming operators as both an investor and operational partner, Bingo.com will now have the resources to support its brand in a number of emerging online bingo markets. We very much look forward to taking on a leading role in the expansion of online bingo worldwide.”

Unibet CEO Petter Nylander was equally positive. “Investing in Bingo.com, one of the strongest bingo brand names in the industry, is exciting for us. We believe in the power of the Bingo.com URL and believe that Bingo.com will be a leader in online bingo for years to come. We look forward to growing our businesses together in existing and new markets.”

Unibet recently developed turn-key online gaming platform, offering partners to be part of their online casino and bingo network.

Business Wire: Unibet Group plc – Interim report January – March 2010

During the first quarter of 2010 Unibet Group plc saw continued growth in terms of gross winnings revenue as well as active customers. Their live betting offerings together with live event streaming and the Unibet Mobile platform have all been important driving factors in recent months.

April also shows very good figures, with average daily gross revenue up over the average daily gross revenue for the previous three months.

Unibet recently decided to apply for a licence to operate in France after the recent opening of their online gambling market. The exact terms of licences in the country have yet to be revealed, but 2010 earnings are not expected to be significant. This change in the regulatory situation renders the group’s financial goals for 2010 obsolete. Given the uncertainty regarding France, Unibet CEO Petter Nylande says it will be challenging to outperform 2009.

Lastly, in preparation for the possible opening of the US online gambling market, Unibet has acquired 25.9% of the NASDAQ listed company Bingo.com through a private placement of $2.25 million.

eGaming Review: Unibet wagers on legal US egaming with Bingo.com stake

UNIBET just acquired a quarter of NASDAQ-listed Bingo.com in hopes that the US online gambling market will soon open up once again.

The Swedish operator now owns a 25.9% stake in the business, acquired through a private placement for $2.25m. The move follows just two months after Bingo.com joined Unibet’s online bingo and casino network in March.

Petter Nylander, chief executive of Unibet, said: “We believe in the power of the Bingo.com URL and believe that Bingo.com will be a leader in online bingo for years to come.”

Unibet also just announced its intention to apply for a licence to operate in the recently-opened French egaming market.

In anticipating of a potential opening of the US online gambling market, Unibet PLC has paid $2.25 million for a 25.9% share in bingo.com. The private placement comes shortly after bingo.com switched to Unibet’s online bingo and casino network. Unibet has also announced its intention to apply for a license to operate in France.

Wall Street Journal Market Watch: Bingo.com Closes $2,250,000 Private Placement from Unibet

Bingo.com, Ltd., owner of the online gaming site www.bingo.com, announced yesterday that it closed a private placement from Unibet Group plc, selling 15 million common shares at $0.15 apiece, raising net proceeds of $2,250,000. The placement represents 25.9% Bingo.com.

“Bingo.com is pleased to have secured a private placement from Unibet,” said Bingo.com’s CEO Tarrnie Williams. “With one of the World’s leading gaming operators as both an investor and operational partner, Bingo.com will now have the resources to support its brand in a number of emerging online bingo markets. We very much look forward to taking on a leading role in the expansion of online bingo worldwide.”

Unibet CEO Petter Nylander was equally positive. “Investing in Bingo.com, one of the strongest bingo brand names in the industry, is exciting for us. We believe in the power of the Bingo.com URL and believe that Bingo.com will be a leader in online bingo for years to come. We look forward to growing our businesses together in existing and new markets.”

Unibet recently developed turn-key online gaming platform, offering partners to be part of their online casino and bingo network.

Business Wire: Unibet Group plc – Interim report January – March 2010

During the first quarter of 2010 Unibet Group plc saw continued growth in terms of gross winnings revenue as well as active customers. Their live betting offerings together with live event streaming and the Unibet Mobile platform have all been important driving factors in recent months.

April also shows very good figures, with average daily gross revenue up over the average daily gross revenue for the previous three months.

Unibet recently decided to apply for a licence to operate in France after the recent opening of their online gambling market. The exact terms of licences in the country have yet to be revealed, but 2010 earnings are not expected to be significant. This change in the regulatory situation renders the group’s financial goals for 2010 obsolete. Given the uncertainty regarding France, Unibet CEO Petter Nylande says it will be challenging to outperform 2009.

Lastly, in preparation for the possible opening of the US online gambling market, Unibet has acquired 25.9% of the NASDAQ listed company Bingo.com through a private placement of $2.25 million.

eGaming Review: Unibet wagers on legal US egaming with Bingo.com stake

UNIBET just acquired a quarter of NASDAQ-listed Bingo.com in hopes that the US online gambling market will soon open up once again.

The Swedish operator now owns a 25.9% stake in the business, acquired through a private placement for $2.25m. The move follows just two months after Bingo.com joined Unibet’s online bingo and casino network in March.

Petter Nylander, chief executive of Unibet, said: “We believe in the power of the Bingo.com URL and believe that Bingo.com will be a leader in online bingo for years to come.”

Unibet also just announced its intention to apply for a licence to operate in the recently-opened French egaming market.

Legislation is being pushed all over the United States in favor of all kinds of gambling in order to raise state revenues. Delaware is one state currently in hot pursuit of the industry, but a recent bid for sports gambling was just rejected by the U.S. Supreme Court.

Bloomberg Business Week: Delaware Sports Gambling Bid Rejected by High Court

The U.S. Supreme Court refused to give Delaware broader authority to sponsor sports gambling, and left intact a ruling that allows multi-game bets on National Football League contests while barring other wagers.

The justices rejected an appeal by Delaware Governor Jack Markell, whose state is 1 of just 4 that can offer sports gambling under a 1992 federal law. The rebuff means Delaware can only offer 1 aspect of its sports-wagering plan — parlay betting on 3 or more NFL games. Markell wanted to offer single-game betting as well as wagering on other sports.

Nevada is the only state that allows widespread sports gambling.

The Assosciated Press: High court turns down Delaware over sports betting

The U.S. Supreme Court rejected a Delaware appeal which sought to expand its sports betting lottery beyond professional football on Monday. Justices denied Delaware’s petition for judicial review without comment, and left limits on sports betting in Delaware to multi-game, or parlay, bets on NFL games.

The court declared that the state’s new sports betting lottery must be similar to the betting scheme used in a failed 1976 NFL lottery which allowed Delaware to be 1 of only 4 states to receive exemptions from the federal ban.

Despite losing the appeal, Delaware still maintains a competitive gambling advantage over neighboring states by being the only state east of the Rocky Mountains in which wagering on the NFL is legal.

Reuters: Supreme court rejects Delaware sports betting appeal

The Supreme Court on Monday rejected a Delaware appeal that argued the state should be allowed to offer a new sports betting lottery to generate revenue to help ease its record budget deficit. The justices let stand a 1992 federal ruling by a U.S. appeals court that prohibits Delaware from offering betting on individual games in all major sports, without comment.

The North American professional leagues for baseball, basketball, football and hockey and the National Collegiate Athletic Association (NCAA) all argued that Delaware’s sports lottery plan violated the 1992 law.

The Professional and Amateur Sports Protection Act, prohibits betting on sports. Exceptions were granted to Delaware, Nevada, Montana and Oregon because they previously ran sports betting operations.

Delaware had expected at least an estimated $17 million in revenues from the sports betting plan in the 2010 fiscal year to help close the state’s budget deficit.

Attorneys for the professional sports leagues and the NCAA told the Supreme Court the appeal should be rejected. They said the estimated $17 million in sports gambling revenue represented a trivial percentage of the state’s $3.1 billion budget.

Legislation is being pushed all over the United States in favor of all kinds of gambling in order to raise state revenues. Delaware is one state currently in hot pursuit of the industry, but a recent bid for sports gambling was just rejected by the U.S. Supreme Court.

Bloomberg Business Week: Delaware Sports Gambling Bid Rejected by High Court

The U.S. Supreme Court refused to give Delaware broader authority to sponsor sports gambling, and left intact a ruling that allows multi-game bets on National Football League contests while barring other wagers.

The justices rejected an appeal by Delaware Governor Jack Markell, whose state is 1 of just 4 that can offer sports gambling under a 1992 federal law. The rebuff means Delaware can only offer 1 aspect of its sports-wagering plan — parlay betting on 3 or more NFL games. Markell wanted to offer single-game betting as well as wagering on other sports.

Nevada is the only state that allows widespread sports gambling.

The Assosciated Press: High court turns down Delaware over sports betting

The U.S. Supreme Court rejected a Delaware appeal which sought to expand its sports betting lottery beyond professional football on Monday. Justices denied Delaware’s petition for judicial review without comment, and left limits on sports betting in Delaware to multi-game, or parlay, bets on NFL games.

The court declared that the state’s new sports betting lottery must be similar to the betting scheme used in a failed 1976 NFL lottery which allowed Delaware to be 1 of only 4 states to receive exemptions from the federal ban.

Despite losing the appeal, Delaware still maintains a competitive gambling advantage over neighboring states by being the only state east of the Rocky Mountains in which wagering on the NFL is legal.

Reuters: Supreme court rejects Delaware sports betting appeal

The Supreme Court on Monday rejected a Delaware appeal that argued the state should be allowed to offer a new sports betting lottery to generate revenue to help ease its record budget deficit. The justices let stand a 1992 federal ruling by a U.S. appeals court that prohibits Delaware from offering betting on individual games in all major sports, without comment.

The North American professional leagues for baseball, basketball, football and hockey and the National Collegiate Athletic Association (NCAA) all argued that Delaware’s sports lottery plan violated the 1992 law.

The Professional and Amateur Sports Protection Act, prohibits betting on sports. Exceptions were granted to Delaware, Nevada, Montana and Oregon because they previously ran sports betting operations.

Delaware had expected at least an estimated $17 million in revenues from the sports betting plan in the 2010 fiscal year to help close the state’s budget deficit.

Attorneys for the professional sports leagues and the NCAA told the Supreme Court the appeal should be rejected. They said the estimated $17 million in sports gambling revenue represented a trivial percentage of the state’s $3.1 billion budget.

Elections are a necessary part of democratic politics and mean changes that reflect on the wishes of those who are governed. In the great state of Alabama, the upcoming elections may be decided based on whether or not residents would like the controversial gambling industry to be legalized.

ABC News: Political Minute : April 27th

The two Democrats vying for a spot in November’s gubernatorial election are giving voters more information on some hot button issues.

One of the main issues of the election is gambling. At his news conference, Sparks said that as governor, he’d immediately call a special session of the legislature. He’d propose a constitutional amendment to tax, regulate and expand gambling. Davis said he’d prefer to let the people vote on the issue, instead of law-makers.

NBC News: Davis, Sparks show differences for Alabama governor

Democratic candidates for Alabama governor, Artur Davis and Ron Sparks, are drawing sharp differences on the issues of gambling and Alabama’s constitution.

At news conferences Tuesday in Montgomery, Davis said he’s the only candidate in the governor’s race who favors a constitutional convention to rewrite Alabama’s 1901 Constitution. Sparks says he favors doing it article by article in the Legislature.

Sparks says that if elected, he will call a special session immediately after the inauguration to get the Legislature to propose a constitutional amendment to tax, regulate and expand gambling. Davis says he favors a straight up or down referendum on whether voters want electronic bingo.

Al.com: Gambling, constitutional reform divide Artur Davis, Ron Sparks

The Democratic candidates for governor in Alabama, U.S. Rep. Artur Davis and Agriculture Commissioner Ron Sparks, have sharp differences for voters to examine about gambling and Alabama’s constitution.

At news conferences Tuesday in the Capitol complex, Davis said he favors a constitutional convention to rewrite Alabama’s 1901 constitution. If elected, he’d form a commission to recommend ways the Legislature should rewrite the constitution article by article.

Sparks said that if elected, he would immediately get started on legislation to tax, regulate and expand gambling in Alabama. Sparks said he’s open to a referendum either on electronic bingo or on full-fledged casinos like those that can be found in Mississippi.

Davis said he would support the Legislature approving a straight up or down referendum on whether Alabama voters want electronic bingo. He favors a proposed constitutional amendment that would not ensure electronic bingo casinos for anyone if it passes.

Alabama has several electronic bingo casinos now, with some operating and some closed. The Governor’s Task Force on Illegal Gambling is trying to shut them all.

Elections are a necessary part of democratic politics and mean changes that reflect on the wishes of those who are governed. In the great state of Alabama, the upcoming elections may be decided based on whether or not residents would like the controversial gambling industry to be legalized.

ABC News: Political Minute : April 27th

The two Democrats vying for a spot in November’s gubernatorial election are giving voters more information on some hot button issues.

One of the main issues of the election is gambling. At his news conference, Sparks said that as governor, he’d immediately call a special session of the legislature. He’d propose a constitutional amendment to tax, regulate and expand gambling. Davis said he’d prefer to let the people vote on the issue, instead of law-makers.

NBC News: Davis, Sparks show differences for Alabama governor

Democratic candidates for Alabama governor, Artur Davis and Ron Sparks, are drawing sharp differences on the issues of gambling and Alabama’s constitution.

At news conferences Tuesday in Montgomery, Davis said he’s the only candidate in the governor’s race who favors a constitutional convention to rewrite Alabama’s 1901 Constitution. Sparks says he favors doing it article by article in the Legislature.

Sparks says that if elected, he will call a special session immediately after the inauguration to get the Legislature to propose a constitutional amendment to tax, regulate and expand gambling. Davis says he favors a straight up or down referendum on whether voters want electronic bingo.

Al.com: Gambling, constitutional reform divide Artur Davis, Ron Sparks

The Democratic candidates for governor in Alabama, U.S. Rep. Artur Davis and Agriculture Commissioner Ron Sparks, have sharp differences for voters to examine about gambling and Alabama’s constitution.

At news conferences Tuesday in the Capitol complex, Davis said he favors a constitutional convention to rewrite Alabama’s 1901 constitution. If elected, he’d form a commission to recommend ways the Legislature should rewrite the constitution article by article.

Sparks said that if elected, he would immediately get started on legislation to tax, regulate and expand gambling in Alabama. Sparks said he’s open to a referendum either on electronic bingo or on full-fledged casinos like those that can be found in Mississippi.

Davis said he would support the Legislature approving a straight up or down referendum on whether Alabama voters want electronic bingo. He favors a proposed constitutional amendment that would not ensure electronic bingo casinos for anyone if it passes.

Alabama has several electronic bingo casinos now, with some operating and some closed. The Governor’s Task Force on Illegal Gambling is trying to shut them all.

As a result of the economic downturn that the United States recently went through, many of the nation’s states have considered what was not a high-priority issue before the crisis; the liberalization of gambling laws. Illinois seems to be next state that’s waking up to the bountiful benefits of the industry.

Daily Herald: Lawmakers, chamber receptive to slots at track

Arlington Heights trustees aren’t interested in a video casino even though some suburban lawmakers think video gambling at the local horse track is worth pursuing.

When she heard about a possible deal that would put video slot and poker machines at Arlington Park and other tracks, state Rep. Suzie Bassi said she supported the idea because the slots would be put in areas already under the microscope of gambling regulators.

Under the measure, local governments hosting the machines would get a 5% cut of the slot profits. However, local governments wouldn’t get a say in whether they want the machines at all, a main point of contention for some trustee’s.

Under the proposal, Arlington Park and other tracks in Cook County would get as many as 1,200 video gambling positions. Downstate tracks would get up to 900. The new video casinos would have to be based within 300 yards of the track.

The proposal would help support financing for the state’s massive $31 billion construction project. The massive public works program was supposed to be financed partially through video gambling, but that funding source has started to buckle as local governments refused to allow the controversial gambling machines in their taverns.

Fox News: Video Poker May Be On Way to Horse Tracks

State lawmakers in Chicago are apparently negotiating a proposal that would permit the introduction of video slots and poker machines to horse tracks across Illinois, including Arlington Park.

It’s been reported that the state would regulate how profits and taxes made through the machines would be distributed. One proposal would require race tracks to pay up to $25,000 per machine.

The Communities that would end up with the machines would get 5% of the tax revenue from the machines. Taxes on that revenue would go toward helping pay for construction projects around the state.

ABC News: Gambling machines may be allowed at Ill. horse tracks

An apparent deal being pondered by Illinois state legislators would put hundreds of video slot and poker machines at Arlington Park among other horse tracks located within the state.

Taxes from the games would go toward construction spending. Lawmakers have allegedly agreed on a proposal, after weeks of discussions behind the scenes.

Proponents say the move would give the tracks and local governments a financial boost. Arlington Park and other Cook County tracks would get up to 1,200 gambling positions. Downstate tracks would get up to 900.

These new video casinos would have to be within 300 yards of the track.

As a result of the economic downturn that the United States recently went through, many of the nation’s states have considered what was not a high-priority issue before the crisis; the liberalization of gambling laws. Illinois seems to be next state that’s waking up to the bountiful benefits of the industry.

Daily Herald: Lawmakers, chamber receptive to slots at track

Arlington Heights trustees aren’t interested in a video casino even though some suburban lawmakers think video gambling at the local horse track is worth pursuing.

When she heard about a possible deal that would put video slot and poker machines at Arlington Park and other tracks, state Rep. Suzie Bassi said she supported the idea because the slots would be put in areas already under the microscope of gambling regulators.

Under the measure, local governments hosting the machines would get a 5% cut of the slot profits. However, local governments wouldn’t get a say in whether they want the machines at all, a main point of contention for some trustee’s.

Under the proposal, Arlington Park and other tracks in Cook County would get as many as 1,200 video gambling positions. Downstate tracks would get up to 900. The new video casinos would have to be based within 300 yards of the track.

The proposal would help support financing for the state’s massive $31 billion construction project. The massive public works program was supposed to be financed partially through video gambling, but that funding source has started to buckle as local governments refused to allow the controversial gambling machines in their taverns.

Fox News: Video Poker May Be On Way to Horse Tracks

State lawmakers in Chicago are apparently negotiating a proposal that would permit the introduction of video slots and poker machines to horse tracks across Illinois, including Arlington Park.

It’s been reported that the state would regulate how profits and taxes made through the machines would be distributed. One proposal would require race tracks to pay up to $25,000 per machine.

The Communities that would end up with the machines would get 5% of the tax revenue from the machines. Taxes on that revenue would go toward helping pay for construction projects around the state.

ABC News: Gambling machines may be allowed at Ill. horse tracks

An apparent deal being pondered by Illinois state legislators would put hundreds of video slot and poker machines at Arlington Park among other horse tracks located within the state.

Taxes from the games would go toward construction spending. Lawmakers have allegedly agreed on a proposal, after weeks of discussions behind the scenes.

Proponents say the move would give the tracks and local governments a financial boost. Arlington Park and other Cook County tracks would get up to 1,200 gambling positions. Downstate tracks would get up to 900.

These new video casinos would have to be within 300 yards of the track.

Joeseph Baer, 39, was arrested on Tuesday while playing blackjack at a casino in Atlantic City. Baer was suspected of robbing three banks in Philadelpha during the past week. He has been convicted of robbing banks before, and has a history of gambling. Police suspected he might show up at casinos in the area to gamble away the money he robbed.

ABC News Philadelphia: Serial bank robbery suspect in custody

Joseph Baer, a 39 year old man wanted for robbing three banks in the US state of Pennsylvania last week, is now in police custody. He was spotted around 10:30 a.m. on Tuesday morning at the blackjack tables in the Trump Plaza Casino, where he was apprehended.

Baer is an avid gambler, and police suspected that they would find him in one of the local casinos.

Baer is being charged with robbing approximately $1,000 from the PNC Bank in Philadelphia on April 13th. He is also a suspect in two other bank robberies: one at the Citizens Bank and one at the TruMark Financial Credit Union last Friday.

The FBI says that Baer was also wanted for escaping from a halfway house the day of the PNC Bank robbery.

Philly.com: Bank robbery suspect nabbed at casino

For Joseph Baer, a recent trip to gamble in Atlantic City turned out to be a losing bet.

Baer, who was wanted in connection with three bank robberies that happened last week, was spotted playing blackjack at the Trump Plaza Casino by New Jersey state troopers. The officers took the suspect into custody without incident.

On Monday, Baer was caught on camera robbing a Citizen’s Bank branch in Northeast Philadelphia. Last week, he allegedly robbed a different bank in the city’s Mayfair section, where he was also caught on security cameras.

Baer was also wanted for escaping from a federal halfway house on the day of the first robbery. He recently served six-year sentence for robbing two banks in 2004, and had been living at the Luzerne Community Corrections Center in North Philadelphia. His caseworker told authorities that he signed out on April 12 to go to work at a McDonalds.

CBS News Philadelphia: Serial Bank Bandit Found In A.C. Casino

A suspected serial bank robber is in custody after police spotted him playing blackjack a casino in Atlantic City on Tuesday morning.

New Jersey State Police detectives detained 39-year-old Joseph Baer on the floor of the Trump Plaza Casino without incident at around 10 a.m.

Baer was wanted for robbing a PNC Bank in Philadelphia on April 13. Security images showed Baer wearing a Donovan McNabb Eagles jersey when he robbed the bank of $1,000 – the images earned him the nickname “McNabb Bandit”. Baer’s identity came to light with a member of the public recognized him from the photos.

Baer is also suspected of being involved in the robbery of two other area banks that were committed last week.

FBI officials say Baer was convicted of two different bank robberies back in March 2004.

Joeseph Baer, 39, was arrested on Tuesday while playing blackjack at a casino in Atlantic City. Baer was suspected of robbing three banks in Philadelpha during the past week. He has been convicted of robbing banks before, and has a history of gambling. Police suspected he might show up at casinos in the area to gamble away the money he robbed.

ABC News Philadelphia: Serial bank robbery suspect in custody

Joseph Baer, a 39 year old man wanted for robbing three banks in the US state of Pennsylvania last week, is now in police custody. He was spotted around 10:30 a.m. on Tuesday morning at the blackjack tables in the Trump Plaza Casino, where he was apprehended.

Baer is an avid gambler, and police suspected that they would find him in one of the local casinos.

Baer is being charged with robbing approximately $1,000 from the PNC Bank in Philadelphia on April 13th. He is also a suspect in two other bank robberies: one at the Citizens Bank and one at the TruMark Financial Credit Union last Friday.

The FBI says that Baer was also wanted for escaping from a halfway house the day of the PNC Bank robbery.

Philly.com: Bank robbery suspect nabbed at casino

For Joseph Baer, a recent trip to gamble in Atlantic City turned out to be a losing bet.

Baer, who was wanted in connection with three bank robberies that happened last week, was spotted playing blackjack at the Trump Plaza Casino by New Jersey state troopers. The officers took the suspect into custody without incident.

On Monday, Baer was caught on camera robbing a Citizen’s Bank branch in Northeast Philadelphia. Last week, he allegedly robbed a different bank in the city’s Mayfair section, where he was also caught on security cameras.

Baer was also wanted for escaping from a federal halfway house on the day of the first robbery. He recently served six-year sentence for robbing two banks in 2004, and had been living at the Luzerne Community Corrections Center in North Philadelphia. His caseworker told authorities that he signed out on April 12 to go to work at a McDonalds.

CBS News Philadelphia: Serial Bank Bandit Found In A.C. Casino

A suspected serial bank robber is in custody after police spotted him playing blackjack a casino in Atlantic City on Tuesday morning.

New Jersey State Police detectives detained 39-year-old Joseph Baer on the floor of the Trump Plaza Casino without incident at around 10 a.m.

Baer was wanted for robbing a PNC Bank in Philadelphia on April 13. Security images showed Baer wearing a Donovan McNabb Eagles jersey when he robbed the bank of $1,000 – the images earned him the nickname “McNabb Bandit”. Baer’s identity came to light with a member of the public recognized him from the photos.

Baer is also suspected of being involved in the robbery of two other area banks that were committed last week.

FBI officials say Baer was convicted of two different bank robberies back in March 2004.

Four different casinos were raided on Monday by undercover police officers and their finding was a bit surprising. The disguised internet cafes offered casino-style games and failed to mention the undercover officers could use the internet. Over $22,000 in cash was seized as well as over 120 computers.

The Roanoke Times: Internet cafe raids netted computers, cash

Investigators raided 4 Roanoke County Internet cafes which allegedly harbored illegal gambling. Cash and computers were hauled away along with a pot of winnings from undercover gaming that officers used to build their case.

Some variation of gambling was going on at each of the 4 so called “internet cafes” and officers took a total of $22,580 in cash and 126 computers among other things.

At Bennett’s Internet, customers paid $6 per hour of online access, and got a card that enabled them to play 18 casino-style games until the points on the card ran out, or until the customer bought more Internet time and got more points. Players could win up to $3,000 but winners and losers were predetermined based on the card they bought.

Virginia’s General Assembly’s upcoming veto session may see the approval of legislation that will clarify the application of current anti-gambling statutes.

WDBJ 7: What police seized in “internet cafe” raids

Roanoke County police have cashed in their chips on last week’s gaming parlor raids. Search warrant returns indicate that police seized more than 100 computers from the four “Internet cafes” that were raided on Thursday.

Documents filed Monday indicate the undercover investigation began at Bennett’s Internet on September 3 of last year. The store’s owner claims that he was only selling internet time, at $6 and hour, and a chance to win sweepstakes. County detectives say there was no mention of the internet when they went in, undercover, only casino slots and card games.

The combined take from the four locations adds up to more than $22,000 in cash plus a total of 122 computers.

NBC News: Roanoke Co. Police detail reasons why they raided four Internet cafes

Four internet cafes in Roanoke County are at the center of a big investigation involving illegal gambling and money laundering. Search warrants were granted and an undercover operation was executed on Monday.

At the first business, a detective started with $20, played casino-style games and eventually won $82. At another business, an attendant made the detective sign a document explaining he was purchasing internet time and would be given free entries into a sweepstakes. The detective starting playing with $100 and left with only $13.

After a year-long investigation, police finally went in last week. This time they weren’t undercover. Over 120-computers, well over $22,000 and game cards were seized in the raid.

None of the business owners have been charged, but I spoke with two of them who maintain they were running a legitimate business and plan to fight the case.

Police are sifting through all the items taken from the internet cafes.

They say the investigation could take up to several weeks.

Four different casinos were raided on Monday by undercover police officers and their finding was a bit surprising. The disguised internet cafes offered casino-style games and failed to mention the undercover officers could use the internet. Over $22,000 in cash was seized as well as over 120 computers.

The Roanoke Times: Internet cafe raids netted computers, cash

Investigators raided 4 Roanoke County Internet cafes which allegedly harbored illegal gambling. Cash and computers were hauled away along with a pot of winnings from undercover gaming that officers used to build their case.

Some variation of gambling was going on at each of the 4 so called “internet cafes” and officers took a total of $22,580 in cash and 126 computers among other things.

At Bennett’s Internet, customers paid $6 per hour of online access, and got a card that enabled them to play 18 casino-style games until the points on the card ran out, or until the customer bought more Internet time and got more points. Players could win up to $3,000 but winners and losers were predetermined based on the card they bought.

Virginia’s General Assembly’s upcoming veto session may see the approval of legislation that will clarify the application of current anti-gambling statutes.

WDBJ 7: What police seized in “internet cafe” raids

Roanoke County police have cashed in their chips on last week’s gaming parlor raids. Search warrant returns indicate that police seized more than 100 computers from the four “Internet cafes” that were raided on Thursday.

Documents filed Monday indicate the undercover investigation began at Bennett’s Internet on September 3 of last year. The store’s owner claims that he was only selling internet time, at $6 and hour, and a chance to win sweepstakes. County detectives say there was no mention of the internet when they went in, undercover, only casino slots and card games.

The combined take from the four locations adds up to more than $22,000 in cash plus a total of 122 computers.

NBC News: Roanoke Co. Police detail reasons why they raided four Internet cafes

Four internet cafes in Roanoke County are at the center of a big investigation involving illegal gambling and money laundering. Search warrants were granted and an undercover operation was executed on Monday.

At the first business, a detective started with $20, played casino-style games and eventually won $82. At another business, an attendant made the detective sign a document explaining he was purchasing internet time and would be given free entries into a sweepstakes. The detective starting playing with $100 and left with only $13.

After a year-long investigation, police finally went in last week. This time they weren’t undercover. Over 120-computers, well over $22,000 and game cards were seized in the raid.

None of the business owners have been charged, but I spoke with two of them who maintain they were running a legitimate business and plan to fight the case.

Police are sifting through all the items taken from the internet cafes.

They say the investigation could take up to several weeks.

Gambling revenue in the great gambling state of Nevada has been all over the place over the last couple of months, but most notably in the gutter relative to the past. I bit of hope has once again been pumped into the system in that February gambling resulted in revenue gains being in the double digits.

The Associated Press: Nevada casino winnings jump 14 percent in February

According to casino regulators, special events in February attracted gamblers to the Las Vegas Strip and helped push statewide gambling winnings up almost 14%. The Gaming Control Board said casinos’ winnings went up to $946.6 million, compared with last year’s $831 million.

The increase was driven by the Strip, where casinos won around $568 million. It’s the largest increase in casino wins on the Strip since November 1999. February’s statewide posting is the largest monthly casino win increase since December 2006 and the first double-digit increase since July 2007. Las Vegas Strip casinos account for roughly 50 percent of statewide gambling revenues.

Casinos in northern Nevada’s Washoe County reported winning $60.9 million, up 2.7 percent for the first monthly increase in 32 months, Streshley said. In Reno, the $43.9 million was an increase of 4 percent.

Reuters: Casino shares up as Nevada gaming revenues rise

MGM Mirage and other casino operators’ shares shot above their year highs on Thursday after Nevada posted a double-digit percentage increase in gaming revenues for February.

On Thursday, The Nevada Gaming Control Board announced that total gaming revenues were up to $946.6 million in February, up 13.9% from the same month a year ago. Gaming revenues on the Las Vegas Strip came to nearly $568 million for the month, up 32.9% from the year earlier.

In a note to clients J.P. Morgan analyst, Joseph Greff, said:”We think results were helped by the timing of Chinese New Year,” which was celebrated in February this year as opposed to January for last year.

MGM Mirage shares were up 8.8 percent to $14.53, above their previous 52-week high of $14.25. Rival Las Vegas Sands gained 5.9 percent to $24.29 and Wynn Resorts shares were up 5.4 percent to $86.04.

Bloomberg Business Week: Las Vegas Strip Casino Revenue Soared 33% in February

Las Vegas Strip gambling revenue jumped 33% in February as baccarat play by Chinese New Year’s revelers boosted winnings. Strip revenue hit $568 million from $427.4 million in 2009 according to Nevada’s Gaming Control Board.

All Nevada’s casino revenue climbed 14% to $946.6 million. Monthly proceeds for Clark County, which includes downtown Las Vegas as well as the Strip, grew 16% to $827.8 million. The Chinese New Year is an important event in Las Vegas because visitors stay longer and spend more than average.

MGM Mirage jumped $1.38, or 10%, to $14.73 at 4:15 p.m. in the New York Stock Exchange composite trading, the biggest advance since September. Las Vegas Sands gained $1.30, or 5.7%, to $24.23. Wynn Resorts Ltd. added $4.57, or 5.6%, to $86.23 on the Nasdaq.

Gambling revenue in the great gambling state of Nevada has been all over the place over the last couple of months, but most notably in the gutter relative to the past. I bit of hope has once again been pumped into the system in that February gambling resulted in revenue gains being in the double digits.

The Associated Press: Nevada casino winnings jump 14 percent in February

According to casino regulators, special events in February attracted gamblers to the Las Vegas Strip and helped push statewide gambling winnings up almost 14%. The Gaming Control Board said casinos’ winnings went up to $946.6 million, compared with last year’s $831 million.

The increase was driven by the Strip, where casinos won around $568 million. It’s the largest increase in casino wins on the Strip since November 1999. February’s statewide posting is the largest monthly casino win increase since December 2006 and the first double-digit increase since July 2007. Las Vegas Strip casinos account for roughly 50 percent of statewide gambling revenues.

Casinos in northern Nevada’s Washoe County reported winning $60.9 million, up 2.7 percent for the first monthly increase in 32 months, Streshley said. In Reno, the $43.9 million was an increase of 4 percent.

Reuters: Casino shares up as Nevada gaming revenues rise

MGM Mirage and other casino operators’ shares shot above their year highs on Thursday after Nevada posted a double-digit percentage increase in gaming revenues for February.

On Thursday, The Nevada Gaming Control Board announced that total gaming revenues were up to $946.6 million in February, up 13.9% from the same month a year ago. Gaming revenues on the Las Vegas Strip came to nearly $568 million for the month, up 32.9% from the year earlier.

In a note to clients J.P. Morgan analyst, Joseph Greff, said:”We think results were helped by the timing of Chinese New Year,” which was celebrated in February this year as opposed to January for last year.

MGM Mirage shares were up 8.8 percent to $14.53, above their previous 52-week high of $14.25. Rival Las Vegas Sands gained 5.9 percent to $24.29 and Wynn Resorts shares were up 5.4 percent to $86.04.

Bloomberg Business Week: Las Vegas Strip Casino Revenue Soared 33% in February

Las Vegas Strip gambling revenue jumped 33% in February as baccarat play by Chinese New Year’s revelers boosted winnings. Strip revenue hit $568 million from $427.4 million in 2009 according to Nevada’s Gaming Control Board.

All Nevada’s casino revenue climbed 14% to $946.6 million. Monthly proceeds for Clark County, which includes downtown Las Vegas as well as the Strip, grew 16% to $827.8 million. The Chinese New Year is an important event in Las Vegas because visitors stay longer and spend more than average.

MGM Mirage jumped $1.38, or 10%, to $14.73 at 4:15 p.m. in the New York Stock Exchange composite trading, the biggest advance since September. Las Vegas Sands gained $1.30, or 5.7%, to $24.23. Wynn Resorts Ltd. added $4.57, or 5.6%, to $86.23 on the Nasdaq.

Faced with a growing budget deficit and rising unemployment rates, the great state of New Hampshire has joined the other states on the long list of those considering online gambling as a promising answer to financial problems.

Nashua Telegraph: Gambling would bring much needed jobs

There’s been a lot of focus on the review of SB489, a bill to expand gambling in addition to adding slot machines and a resort casino in New Hampshire. Many New Hampshire workers are looking for the opportunity to show support for the bill, tell their stories and share the many positive outcomes that would result from this legislation being passed.

The construction industry is in shambles with an unemployment rate of 30%. Projects like those proposed in the bill would provide work for many throughout the state. A lot has been said about the social costs that the bill could create within our state and how it could impact lives. Missing from the debate are the social costs of prolonged unemployment.

This is why we must act now to support and implement expanded gambling. Passage would mean construction work unseen since the building of Seabrook Station, when over 70% of the industry had health and retirement benefits.

Thousands of construction workers could piece their lives back together, not with handouts from the state but with a good quality job. Workers look to their state elected leaders to support this extremely vital, job-creation bill.

The Boston Globe: NH gov considers legalizing online gambling

Though he opposes slot machines and casino-style gambling, Gov. John Lynch of New Hampshire may support legalization on internet gambling in order to close a growing budget deficit. The governor will unveil his plan for the state next week, and legalizing online gaming is among the ideas he’s considering.

The House is debating a Senate-passed bill that allows up to 17,000 slots and casino-style games at six locations throughout the state. Lynch opposes the bill because he said it fails to prevent the proliferation of gambling.

Arguments against the new bill claim that it would proliferate gambling and wouldn’t create jobs. A lawyer for the Hudson project, however, estimates it would create 3,800 jobs, including trick-down positions at restaurants and other businesses.

Bloomberg Business Week: NH legislators propose changes to gambling bill

New Hampshire legislators in the House are supporting a gambling bill which would cut the number of slots from the proposed 17,000 to 9,750 and offer them at five places instead of six. The House is considering a Senate-passed bill to expand gambling.

Under the proposed House changes, competing proposals for casinos would vie before a three-person tribunal to secure one site each in central and northern New Hampshire. The change is seen as a response to the owners of the New Hampshire Motor Speedway, who said they were left out of the original bill. Another proposed change would repeal the state’s new 10 percent tax on gambling winnings.

Faced with a growing budget deficit and rising unemployment rates, the great state of New Hampshire has joined the other states on the long list of those considering online gambling as a promising answer to financial problems.

Nashua Telegraph: Gambling would bring much needed jobs

There’s been a lot of focus on the review of SB489, a bill to expand gambling in addition to adding slot machines and a resort casino in New Hampshire. Many New Hampshire workers are looking for the opportunity to show support for the bill, tell their stories and share the many positive outcomes that would result from this legislation being passed.

The construction industry is in shambles with an unemployment rate of 30%. Projects like those proposed in the bill would provide work for many throughout the state. A lot has been said about the social costs that the bill could create within our state and how it could impact lives. Missing from the debate are the social costs of prolonged unemployment.

This is why we must act now to support and implement expanded gambling. Passage would mean construction work unseen since the building of Seabrook Station, when over 70% of the industry had health and retirement benefits.

Thousands of construction workers could piece their lives back together, not with handouts from the state but with a good quality job. Workers look to their state elected leaders to support this extremely vital, job-creation bill.

The Boston Globe: NH gov considers legalizing online gambling

Though he opposes slot machines and casino-style gambling, Gov. John Lynch of New Hampshire may support legalization on internet gambling in order to close a growing budget deficit. The governor will unveil his plan for the state next week, and legalizing online gaming is among the ideas he’s considering.

The House is debating a Senate-passed bill that allows up to 17,000 slots and casino-style games at six locations throughout the state. Lynch opposes the bill because he said it fails to prevent the proliferation of gambling.

Arguments against the new bill claim that it would proliferate gambling and wouldn’t create jobs. A lawyer for the Hudson project, however, estimates it would create 3,800 jobs, including trick-down positions at restaurants and other businesses.

Bloomberg Business Week: NH legislators propose changes to gambling bill

New Hampshire legislators in the House are supporting a gambling bill which would cut the number of slots from the proposed 17,000 to 9,750 and offer them at five places instead of six. The House is considering a Senate-passed bill to expand gambling.

Under the proposed House changes, competing proposals for casinos would vie before a three-person tribunal to secure one site each in central and northern New Hampshire. The change is seen as a response to the owners of the New Hampshire Motor Speedway, who said they were left out of the original bill. Another proposed change would repeal the state’s new 10 percent tax on gambling winnings.

Joe Mastronardo, the son-in-law of the late mayor of Philadelphia has been arrested together with his brother John and charged with conspiracy, gambling and running a corrupt organization, due to an illegal bookkeeping operation that they ran. Over $1 million was dug up by law enforcement in Mastronardo’s lawn in a recent raid.

Fox News: Over $1 Million Found In PVC Pipes

More than $1 million cash was recently found buried in the yard of Joe Mastronardo, son-in-law of late Philadelphia mayor Frank Rizzo. County investigators and the FBI spent all Wednesday digging up Mastronardo’s the backyard in Abington looking for the hidden cash. Montgomery County DA Risa Ferman and the FBI moved to freeze bank accounts in Tennessee, Pennsylvania and Florida.

Mastronardo and his brother were arrested in a federal bookmaking scheme in 2006. At that point, the brothers agreed to forfeit about $2.7 million dollars as part of a plea agreement.

John and Joseph Mastronardo are being held on $1 million bail each. They’ve been charged with conspiracy, gambling and running a corrupt organization. Preliminary hearings and bail hearings are set for next week.

ABC News: Pa. brothers charged with running gambling ring

This is the second time in 4 years that Montgomery County authorities have arrested the Mastronardo brothers for running a sports betting operation.

Court documents indicate that most of the evidence that lead to the arrests was gathered on wiretaps, including a conversation in which Joseph Mastronardo discussed NCAA March Madness tournament. Looking for cash taken in from sports bets, and they found more than a million dollars.

In Mastronado’s backyard and shrubbery, 4 PVC pipe tubes full of cash and capped at both ends were unearthed. Investigators executed over 46 search warrants yesterday at other homes owned by the Mastronardos. They also seized bank accounts in Florida, Tennessee and offshore.

This is the fourth time the Mastronardo brothers have been arrested on gambling charges since 1983. They forfeited close to $3-million and received probation 4 years ago. Now, they are being held without bail for violating the terms of their probation and are looking at long jail terms.

CBS News: Abington Yard Searched In Money Laundering Probe

The FBI, along with county investigators, dug up the yard of a Montgomery County mansion Wednesday as part of an alleged money laundering investigation. Eyewitnesses in the neighborhood of million dollar homes claim that they saw the FBI uncover what appeared to be bags of cash.

Sources also told Eyewitness News that the home belongs to Joe Mastronardo, who is the son-in-law of the late Philadelphia Mayor Frank Rizzo. Mastronardo is currently in the Montgomery County Correctional Facility for violating probation. He was convicted of bookmaking in 2006. He is being held on $1 million bail.

Joe Mastronardo, the son-in-law of the late mayor of Philadelphia has been arrested together with his brother John and charged with conspiracy, gambling and running a corrupt organization, due to an illegal bookkeeping operation that they ran. Over $1 million was dug up by law enforcement in Mastronardo’s lawn in a recent raid.

Fox News: Over $1 Million Found In PVC Pipes

More than $1 million cash was recently found buried in the yard of Joe Mastronardo, son-in-law of late Philadelphia mayor Frank Rizzo. County investigators and the FBI spent all Wednesday digging up Mastronardo’s the backyard in Abington looking for the hidden cash. Montgomery County DA Risa Ferman and the FBI moved to freeze bank accounts in Tennessee, Pennsylvania and Florida.

Mastronardo and his brother were arrested in a federal bookmaking scheme in 2006. At that point, the brothers agreed to forfeit about $2.7 million dollars as part of a plea agreement.

John and Joseph Mastronardo are being held on $1 million bail each. They’ve been charged with conspiracy, gambling and running a corrupt organization. Preliminary hearings and bail hearings are set for next week.

ABC News: Pa. brothers charged with running gambling ring

This is the second time in 4 years that Montgomery County authorities have arrested the Mastronardo brothers for running a sports betting operation.

Court documents indicate that most of the evidence that lead to the arrests was gathered on wiretaps, including a conversation in which Joseph Mastronardo discussed NCAA March Madness tournament. Looking for cash taken in from sports bets, and they found more than a million dollars.

In Mastronado’s backyard and shrubbery, 4 PVC pipe tubes full of cash and capped at both ends were unearthed. Investigators executed over 46 search warrants yesterday at other homes owned by the Mastronardos. They also seized bank accounts in Florida, Tennessee and offshore.

This is the fourth time the Mastronardo brothers have been arrested on gambling charges since 1983. They forfeited close to $3-million and received probation 4 years ago. Now, they are being held without bail for violating the terms of their probation and are looking at long jail terms.

CBS News: Abington Yard Searched In Money Laundering Probe

The FBI, along with county investigators, dug up the yard of a Montgomery County mansion Wednesday as part of an alleged money laundering investigation. Eyewitnesses in the neighborhood of million dollar homes claim that they saw the FBI uncover what appeared to be bags of cash.

Sources also told Eyewitness News that the home belongs to Joe Mastronardo, who is the son-in-law of the late Philadelphia Mayor Frank Rizzo. Mastronardo is currently in the Montgomery County Correctional Facility for violating probation. He was convicted of bookmaking in 2006. He is being held on $1 million bail.

Louise Chavez of Denver, Colorado, was playing slots at the Fortune Valley Casino in Central City, Colorado on Friday night. She got excited when the machine she was on started flashing, displaying a message that she had won almost $43 million. The casino says the machine was broken, and gave Chavez some free meals and a hotel room instead.

BBC: $43m slot machine win a ‘mistake’ says Colorado casino

An American woman named Louise Chavez thought she had won $43m on a slot machine, but was later been told that a mistake was made.

According to the Fortune Valley Casino in Central City, Colorado, the slot machine had “malfunctioned.”
It seems Chavez will never see a penny of jackpot.

Chavez earns about $12,000 a year, so when the lights and bells went off, she was very excited.

“All of a sudden I saw the light come on on top of the machine. I’m like, ‘Oh, my God! Oh, my God!’ I’d never had this feeling before in my life, never.”

Gaming officials blame an unfortunate computer glitch.

Chavez said she was given a free room for the night, and some food for compensation, along with the $20 bet she put into the faulty slot machine.

“My emotions changed from excited, thrilled, to very upset.”

ABC News: Woman Wins $42 Million Jackpot? Not So Fast

When the lights started flashing on a slot machine at the Fortune Valley Casino, in Central City, Colorado, Louise Chavez thought she had won $43 million.

Instead, the casino claimed the machine malfunctioned, and all Chavez got out of it was some free meals and a room for the night.

“I put my money in there,” Chavez explained on Good Morning America. “Whatever I won, I should get… There are dreams and there are things I’d like to do — helping my family, helping my kids. That’s why I’m disappointed. I just don’t know.”

Fortune Valley communications director Joe Behm said, “We’ve been open for 15 years at Fortune Valley and this is the first time we’ve had something of this magnitude.”

“It’s unfortunate when it happens,” said Don Burmania, spokesperson for the Colorado Division of Gaming. “We don’t like it to happen, the casinos don’t like it to happen and in this case, the patron didn’t like it, either.”

The New York Times: Colorado: Instead of $43 Million, How About Waffles?

A US woman won $42.9 million off a penny bet in a slot machine at a Colorado casino, only to have her dreams doused when the casino claimed that the jackpot message was in fact an error. Colorado gambling authorities are now testing the machine in questions, while the rest state’s 39 casinos struggle to reassure gamblers.

Louise Chavez of Denver got the jackpot on Friday while playing at the Fortune Valley Casino in Central City. The listed its top prize as $251,000. She said that she was given a free breakfast as compensation, but that she is owed much more.

Louise Chavez of Denver, Colorado, was playing slots at the Fortune Valley Casino in Central City, Colorado on Friday night. She got excited when the machine she was on started flashing, displaying a message that she had won almost $43 million. The casino says the machine was broken, and gave Chavez some free meals and a hotel room instead.

BBC: $43m slot machine win a ‘mistake’ says Colorado casino

An American woman named Louise Chavez thought she had won $43m on a slot machine, but was later been told that a mistake was made.

According to the Fortune Valley Casino in Central City, Colorado, the slot machine had “malfunctioned.”
It seems Chavez will never see a penny of jackpot.

Chavez earns about $12,000 a year, so when the lights and bells went off, she was very excited.

“All of a sudden I saw the light come on on top of the machine. I’m like, ‘Oh, my God! Oh, my God!’ I’d never had this feeling before in my life, never.”

Gaming officials blame an unfortunate computer glitch.

Chavez said she was given a free room for the night, and some food for compensation, along with the $20 bet she put into the faulty slot machine.

“My emotions changed from excited, thrilled, to very upset.”

ABC News: Woman Wins $42 Million Jackpot? Not So Fast

When the lights started flashing on a slot machine at the Fortune Valley Casino, in Central City, Colorado, Louise Chavez thought she had won $43 million.

Instead, the casino claimed the machine malfunctioned, and all Chavez got out of it was some free meals and a room for the night.

“I put my money in there,” Chavez explained on Good Morning America. “Whatever I won, I should get… There are dreams and there are things I’d like to do — helping my family, helping my kids. That’s why I’m disappointed. I just don’t know.”

Fortune Valley communications director Joe Behm said, “We’ve been open for 15 years at Fortune Valley and this is the first time we’ve had something of this magnitude.”

“It’s unfortunate when it happens,” said Don Burmania, spokesperson for the Colorado Division of Gaming. “We don’t like it to happen, the casinos don’t like it to happen and in this case, the patron didn’t like it, either.”

The New York Times: Colorado: Instead of $43 Million, How About Waffles?

A US woman won $42.9 million off a penny bet in a slot machine at a Colorado casino, only to have her dreams doused when the casino claimed that the jackpot message was in fact an error. Colorado gambling authorities are now testing the machine in questions, while the rest state’s 39 casinos struggle to reassure gamblers.

Louise Chavez of Denver got the jackpot on Friday while playing at the Fortune Valley Casino in Central City. The listed its top prize as $251,000. She said that she was given a free breakfast as compensation, but that she is owed much more.

After months of both debate and action with accents of public discontent, a bill regarding the current bingo situation has finally made a bit of headway in the Alabama legislative system. The bill was passed, by the skin of its teeth in the state Senate on Tuesday.

Andalusia State-News: Bingo narrowly passes Senate

Late yesterday, the Alabama Senate passed a bingo bill with a vote of 21-13. The bill was sponsored by Sen. Roger Bedford, D-Russellville, and would allow Alabama residents to decide if they want to tax and regulate electronic bingo in November.

This bill would create a gaming commission and tax gambling in the state by at least 25%. Bedford said that this rate is already 3 times higher than in New Jersey and Nevada, but could be increased.

The 5 members of the gaming commission couldn’t work for gambling interests for 5 years before or after serving on the commission; and gambling interests couldn’t contribute to the campaigns of the elected officials who appoint commission members. The commission would have subpoena power and would be subject to the Alabama Ethics Commission.

If the Legislature and voters approve the bill, lawmakers will have a special session next year and determine more of the details. The measure must also pass the Alabama House of Representatives.

CBS News: Senate Approves Bingo Bill

A once thought dead bingo bill has new life in what the bill’s author calls a shorter, simpler form. In a surprise move on Tuesday, Senate Bill 330 was re-introduced by Senator Roger Bedford. Senate Republicans tried to defeat the measure but failed and it passed with 21 votes to 13.

The bill now needs to be passed in the state House. There are still 3 weeks left in the session, and bingo supporters say they’ll have plenty of time to get it passed so Alabama residents will get the chance to vote on it in November.

The Associated Press: Alabama Senate Passes Electronic Bingo Bill

Alabama voters may get to vote in referendum on whether they want electronic gaming in the state after the senate passed a proposed constitutional amendment on Tuesday night.

The senate mustered 21 votes, just enough to pass the bill, which protects games from raids, at the same time as taxing and regulating them. Before this bill is subjected to referendum, it must be passed in the state’s House of Representatives.

In the meantime, the Alabama Supreme Court has left a judge’s order in place which blocks the Governor’s Anti-Gambling Task Force from raiding VictoryLand in Macon County.

After months of both debate and action with accents of public discontent, a bill regarding the current bingo situation has finally made a bit of headway in the Alabama legislative system. The bill was passed, by the skin of its teeth in the state Senate on Tuesday.

Andalusia State-News: Bingo narrowly passes Senate

Late yesterday, the Alabama Senate passed a bingo bill with a vote of 21-13. The bill was sponsored by Sen. Roger Bedford, D-Russellville, and would allow Alabama residents to decide if they want to tax and regulate electronic bingo in November.

This bill would create a gaming commission and tax gambling in the state by at least 25%. Bedford said that this rate is already 3 times higher than in New Jersey and Nevada, but could be increased.

The 5 members of the gaming commission couldn’t work for gambling interests for 5 years before or after serving on the commission; and gambling interests couldn’t contribute to the campaigns of the elected officials who appoint commission members. The commission would have subpoena power and would be subject to the Alabama Ethics Commission.

If the Legislature and voters approve the bill, lawmakers will have a special session next year and determine more of the details. The measure must also pass the Alabama House of Representatives.

CBS News: Senate Approves Bingo Bill

A once thought dead bingo bill has new life in what the bill’s author calls a shorter, simpler form. In a surprise move on Tuesday, Senate Bill 330 was re-introduced by Senator Roger Bedford. Senate Republicans tried to defeat the measure but failed and it passed with 21 votes to 13.

The bill now needs to be passed in the state House. There are still 3 weeks left in the session, and bingo supporters say they’ll have plenty of time to get it passed so Alabama residents will get the chance to vote on it in November.

The Associated Press: Alabama Senate Passes Electronic Bingo Bill

Alabama voters may get to vote in referendum on whether they want electronic gaming in the state after the senate passed a proposed constitutional amendment on Tuesday night.

The senate mustered 21 votes, just enough to pass the bill, which protects games from raids, at the same time as taxing and regulating them. Before this bill is subjected to referendum, it must be passed in the state’s House of Representatives.

In the meantime, the Alabama Supreme Court has left a judge’s order in place which blocks the Governor’s Anti-Gambling Task Force from raiding VictoryLand in Macon County.

Alabama state governor Bob Riley has become famous for his Task Force on Illegal Gambling, which he sends around to raid what he calls “illegal” electronic bingo halls. In a surprising move, Attorney General Troy King has just taken control of the task force, insisting that the raids stop until the legal status of the bingo machines is determined by the courts. The state of Alabama has already paid half a million dollars in legal fees supporting the Task Force in the 18 lawsuits that have been filed against it. Task Force Commander John Tyson, says King does not have the authority to take over or stop raids.

Bloomberg Business Week: Alabama AG to take over antigambling task force

Two casinos in the US state of Alabama intend to reopen next week after Attorney General Troy King announced that he is taking over the Governor’s Task Force on Illegal Gambling, King intends to put an end to the ongoing raids of electronic bingo casinos until a final court ruling regarding the legality of machines.

The two casinos, Country Crossing at Dothan and White Hall Entertainment Center in Lowndes County, both closed down a month ago to avoid being raided by the governor’s task force.

The legal battle over electronic bingo in Alabama’s boils down to a simple disagreement. Alabama Governor Bob Riley and Task Force Commander Tyson argue that electronic bingo machines are illegal slot machines, while King insists that the final determination must be made by the court.

King intends to use his authority as Alabama’s top law officer to take control, remove Tyson from power, and secure all evidence collected by the Task Force. King will also put an end to the pre-dawn raids of casinos that the Task Force has been conducting – without search warrants.

Task Force Commander Tyson, who is also a district attorney in Mobile, says King does not have the authority to take over or stop raids.

“If the attorney general gets his way, then the only thing that will be assured is that the illegal slot machines casinos will get to stay open for months and months as the gambling bosses drag out the litigation that the attorney general says he is going to bring,” Tyson said.

Fox News Alabama: Tyson Fires Back at Troy King over Gambling

John Tyson said yesterday that he has no intentions of stepping down from his position as the Commander of Alabama Governor Riley’s anti-gambling task force.

Tyson he argues that the issue is greater than just a battle against illegal gambling, noting that casinos have a tendency to breed corruption.

“I fought corruption because it’s the right thing to do and yeah, I’ve taken some heat for it,” Tyson said. “Governor Riley and I talked about the price of fighting corruption. We both agree, it’s worth the heat.”

Tyson also said he would comply with King’s demands turn over the evidence the Task Force has collected.

When asked if he intends to execute raids on any casinos that dare to re-open in light of King’s announcement, Tyson replied: “The Governor of the state of Alabama as recently as this morning again says ‘John, you’re the commander of the task force on illegal gambling, go get ’em, ‘. I will see to it to see that the laws of the state are enforced. I will not disclose how we might choose to do that.”

Mongomery Advisor: Several lawsuits have been filed against the task force

The state of Alabama has paid $536,115 in legal expenses since December 2008 to support Governor Bob Riley’s Task Force on Illegal Gambling.

The state has also has seized about $1.3 million during raids on electronic bingo parlors. After each of the raids or in to stop anticipated raids, organizations have filed lawsuits against the Task Force, its Commander John Tyson., Governor Riley, and other officials.

According to the Governor’s office, the Task Force is currently involved in 18 lawsuits related to gambling. The court battles involve operators trying to get back gambling machines and monies seized during the raids. Some lawsuits even involve attempts by bingo establishments to file restraining orders against the Task Force to prevent future raids.

Alabama state governor Bob Riley has become famous for his Task Force on Illegal Gambling, which he sends around to raid what he calls “illegal” electronic bingo halls. In a surprising move, Attorney General Troy King has just taken control of the task force, insisting that the raids stop until the legal status of the bingo machines is determined by the courts. The state of Alabama has already paid half a million dollars in legal fees supporting the Task Force in the 18 lawsuits that have been filed against it. Task Force Commander John Tyson, says King does not have the authority to take over or stop raids.

Bloomberg Business Week: Alabama AG to take over antigambling task force

Two casinos in the US state of Alabama intend to reopen next week after Attorney General Troy King announced that he is taking over the Governor’s Task Force on Illegal Gambling, King intends to put an end to the ongoing raids of electronic bingo casinos until a final court ruling regarding the legality of machines.

The two casinos, Country Crossing at Dothan and White Hall Entertainment Center in Lowndes County, both closed down a month ago to avoid being raided by the governor’s task force.

The legal battle over electronic bingo in Alabama’s boils down to a simple disagreement. Alabama Governor Bob Riley and Task Force Commander Tyson argue that electronic bingo machines are illegal slot machines, while King insists that the final determination must be made by the court.

King intends to use his authority as Alabama’s top law officer to take control, remove Tyson from power, and secure all evidence collected by the Task Force. King will also put an end to the pre-dawn raids of casinos that the Task Force has been conducting – without search warrants.

Task Force Commander Tyson, who is also a district attorney in Mobile, says King does not have the authority to take over or stop raids.

“If the attorney general gets his way, then the only thing that will be assured is that the illegal slot machines casinos will get to stay open for months and months as the gambling bosses drag out the litigation that the attorney general says he is going to bring,” Tyson said.

Fox News Alabama: Tyson Fires Back at Troy King over Gambling

John Tyson said yesterday that he has no intentions of stepping down from his position as the Commander of Alabama Governor Riley’s anti-gambling task force.

Tyson he argues that the issue is greater than just a battle against illegal gambling, noting that casinos have a tendency to breed corruption.

“I fought corruption because it’s the right thing to do and yeah, I’ve taken some heat for it,” Tyson said. “Governor Riley and I talked about the price of fighting corruption. We both agree, it’s worth the heat.”

Tyson also said he would comply with King’s demands turn over the evidence the Task Force has collected.

When asked if he intends to execute raids on any casinos that dare to re-open in light of King’s announcement, Tyson replied: “The Governor of the state of Alabama as recently as this morning again says ‘John, you’re the commander of the task force on illegal gambling, go get ’em, ‘. I will see to it to see that the laws of the state are enforced. I will not disclose how we might choose to do that.”

Mongomery Advisor: Several lawsuits have been filed against the task force

The state of Alabama has paid $536,115 in legal expenses since December 2008 to support Governor Bob Riley’s Task Force on Illegal Gambling.

The state has also has seized about $1.3 million during raids on electronic bingo parlors. After each of the raids or in to stop anticipated raids, organizations have filed lawsuits against the Task Force, its Commander John Tyson., Governor Riley, and other officials.

According to the Governor’s office, the Task Force is currently involved in 18 lawsuits related to gambling. The court battles involve operators trying to get back gambling machines and monies seized during the raids. Some lawsuits even involve attempts by bingo establishments to file restraining orders against the Task Force to prevent future raids.

A Milwaukee Man, Roberto Ruiz, has been charged with robbing three banks and stealing a total of $17,000. He may be charged for robbing another four that he apparently admitted to in a criminal complaint. His most recent robbery was executed on Wednesday so that he wouldn’t have to explain to his wife that he lost $3,000 gambling.

Fox 6 Now: Milwaukee man charged with robbing 3 banks of $17,000, allegedly admits to 4 other hold-ups

A Milwaukee man is accused of robbing three banks and making off with about $17,000.
Roberto Ruiz, 35, was charged three felony counts of robbing a financial institution on Saturday. Ruiz’s bail was set at a high $100,000 by the judge.

According to prosecutors has Ruiz robbed at least three banks since last December. The criminal complaint says he admitted to four other robberies since October in which he allegedly took over $13,000.

Ruiz told investigators that he attempted to rob a bank on Wednesday because he had just lost $3,000 at a casino and didn’t want his wife to find out. The complaint also states that he was caught after tellers gave police a description of his getaway vehicle and license plate.

NBC News: Father Suspected In Seven Bank Robberies

St. Patrick’s Day proved unlucky for a suspected bank robber who was caught after robbing the Bank Mutual at 2847 S. Howell Avenue on March 17th. Police now believe the same man is responsible for a total of seven Milwaukee County bank robberies.

Ruiz, a mechanic and father of three, apparently kept his alleged crimes secret from his wife and children. According to recently filed charges, Ruiz told detectives he started stealing in October of 2009. He robbed the U.S. Bank at 4333 S. 27th Street to feed a gambling habit.

This month, Ruiz says he squandered his family’s $3,000 tax refund at Potawatomi Bingo Casino. He told police that he was so embarrassed that he robbed the last bank to avoid telling his wife how he lost the money. He now faces charges with a combined maximum sentence of 120 years.

Police recovered most of the stolen money from the final robbery, but say cash from the other robberies has likely already been lost at the casino.

WTAQ News Talk: Milwaukee Man May Get More Charges For Bank Robberies

Roberto Ruiz of Milwaukee is due back in court in a week for allegedly robbing 3 banks of $17,000. Ruiz, 35, is facing 3 state felony charges. He appeared in court on Sunday where a judge set bail at $100,000.

The 3 alleged robberies occurred since December of 2009. Ruiz told police he robbed one of the banks Wednesday because he didn’t want his wife to figure out that he had lost $3,000 while gambling at a casino.

Tellers spotted Ruiz’s get-away car and gave police a description and license plate number. Prosecutors say he admitted to robbing 4 other banks since last October. At his next court appearance, a judge will decide if there’s enough evidence to order a trial for the 3 latest hold-ups.

A Milwaukee Man, Roberto Ruiz, has been charged with robbing three banks and stealing a total of $17,000. He may be charged for robbing another four that he apparently admitted to in a criminal complaint. His most recent robbery was executed on Wednesday so that he wouldn’t have to explain to his wife that he lost $3,000 gambling.

Fox 6 Now: Milwaukee man charged with robbing 3 banks of $17,000, allegedly admits to 4 other hold-ups

A Milwaukee man is accused of robbing three banks and making off with about $17,000.
Roberto Ruiz, 35, was charged three felony counts of robbing a financial institution on Saturday. Ruiz’s bail was set at a high $100,000 by the judge.

According to prosecutors has Ruiz robbed at least three banks since last December. The criminal complaint says he admitted to four other robberies since October in which he allegedly took over $13,000.

Ruiz told investigators that he attempted to rob a bank on Wednesday because he had just lost $3,000 at a casino and didn’t want his wife to find out. The complaint also states that he was caught after tellers gave police a description of his getaway vehicle and license plate.

NBC News: Father Suspected In Seven Bank Robberies

St. Patrick’s Day proved unlucky for a suspected bank robber who was caught after robbing the Bank Mutual at 2847 S. Howell Avenue on March 17th. Police now believe the same man is responsible for a total of seven Milwaukee County bank robberies.

Ruiz, a mechanic and father of three, apparently kept his alleged crimes secret from his wife and children. According to recently filed charges, Ruiz told detectives he started stealing in October of 2009. He robbed the U.S. Bank at 4333 S. 27th Street to feed a gambling habit.

This month, Ruiz says he squandered his family’s $3,000 tax refund at Potawatomi Bingo Casino. He told police that he was so embarrassed that he robbed the last bank to avoid telling his wife how he lost the money. He now faces charges with a combined maximum sentence of 120 years.

Police recovered most of the stolen money from the final robbery, but say cash from the other robberies has likely already been lost at the casino.

WTAQ News Talk: Milwaukee Man May Get More Charges For Bank Robberies

Roberto Ruiz of Milwaukee is due back in court in a week for allegedly robbing 3 banks of $17,000. Ruiz, 35, is facing 3 state felony charges. He appeared in court on Sunday where a judge set bail at $100,000.

The 3 alleged robberies occurred since December of 2009. Ruiz told police he robbed one of the banks Wednesday because he didn’t want his wife to figure out that he had lost $3,000 while gambling at a casino.

Tellers spotted Ruiz’s get-away car and gave police a description and license plate number. Prosecutors say he admitted to robbing 4 other banks since last October. At his next court appearance, a judge will decide if there’s enough evidence to order a trial for the 3 latest hold-ups.

Animal rights group PETA has its feathers fluffed about an upcoming Animal Planet TV show about pigeon racing. The show is to be hosted by boxing champ Mike Tyson, and will follow him as he pits his pet pigeons against professional racing birds. PETA says the show is cruel to animals, and is worried that it will promote illegal gambling.

The Daily Telegraph (Sydney): PETA alleges illegal gambling on Mike Tyson’s pigeon racing TV reality show

Mike Tyson has a new “pigeon racing” reality TV show in the works, but before the show has even gone on the air, it is already under investigation over accusations of illegal gambling.

The retired champion boxer is a life-long pigeon lover. His new show, called Take on Tyson, is scheduled to air on Animal Planet. It is a show about bird racing, and it pits Tyson and his trained birds against the best racing pigeons in New York.

The animal rights group PETA (People for the Ethical Treatment of Animals) is displeased. They are accusing the show of violating New York gambling laws, because the show stands to profit from animal racing.

The District Attorney in Brooklyn (where the show is filmed) is investigating PETA’s claims. Animal Planet has claimed that there would be no gambling on the show, but a representative for PETA retorted by pointing out that making any money (including Tyson’s salary) off animal racing is clearly illegal.

USA Today: PETA feathers ruffled by Mike Tyson NY pigeon show

An animal welfare group is asking New York City prosecutors to investigate boxing star Mike Tyson’s upcoming reality tv show about pigeon racing.

PETA (People for the Ethical Treatment of Animals) argues that the show, which has yet to air, is cruel to animals. They also argue that races are likely to involve or promote illegal gambling.

The new show, which is expected to air next year on Animal Planet, will follow Tyson as he competes in pigeon races across New York. The former world heavyweight champion has raised pigeons all his life, but is not experienced racing them.

PETA sent a letter on March 18 to the Brooklyn district attorney’s office requesting that an investigation be opened. Jonah Bruno, district attorney spokesman, says they are looking into the matter.

NY Daily News: PETA fights to put a stop on Mike Tyson’s new Animal Planet reality show featuring pigeon racing

Animal rights activists are upset about boxing champ Mike Tyson’s plans to host a reality TV show about “the intensely competitive and bizarrely fascinating world of pigeon racing.”

PETA (People for the Ethical Treatment of Animals) wants New York prosecutors to shut down the new Animal Planet show, “Taking on Tyson,” which will show Tyson racing his birds against other New York pigeons. PETA says the show exploits pigeons and glorifies an abusive sport.

The show might also run into trouble with New York’s anti-gambling laws.

“Pigeon racing as an industry involves gambling. That’s why people do it, to make money,” said PETA general counsel Jeffrey Kerr.

PETA thinks it is likely that wagers would be made over the outcome of races featured on the show.

He insisted District Attorney Charles Hynes should probe the Brooklyn-based show and “make sure the production is not allowed to go forward if illegal activity is going to take place.”

Jonah Bruno, a spokesman for the Brooklyn District Attorney’s offer, said that they received PETA’s complaint and are looking into the matter.

Tyson claims to have raised pigeons all his life, but he never raced them competitively before.

“We love these birds,” Tyson said. “It feels good returning to the rooftops of the city where it all started for me.”

Animal rights group PETA has its feathers fluffed about an upcoming Animal Planet TV show about pigeon racing. The show is to be hosted by boxing champ Mike Tyson, and will follow him as he pits his pet pigeons against professional racing birds. PETA says the show is cruel to animals, and is worried that it will promote illegal gambling.

The Daily Telegraph (Sydney): PETA alleges illegal gambling on Mike Tyson’s pigeon racing TV reality show

Mike Tyson has a new “pigeon racing” reality TV show in the works, but before the show has even gone on the air, it is already under investigation over accusations of illegal gambling.

The retired champion boxer is a life-long pigeon lover. His new show, called Take on Tyson, is scheduled to air on Animal Planet. It is a show about bird racing, and it pits Tyson and his trained birds against the best racing pigeons in New York.

The animal rights group PETA (People for the Ethical Treatment of Animals) is displeased. They are accusing the show of violating New York gambling laws, because the show stands to profit from animal racing.

The District Attorney in Brooklyn (where the show is filmed) is investigating PETA’s claims. Animal Planet has claimed that there would be no gambling on the show, but a representative for PETA retorted by pointing out that making any money (including Tyson’s salary) off animal racing is clearly illegal.

USA Today: PETA feathers ruffled by Mike Tyson NY pigeon show

An animal welfare group is asking New York City prosecutors to investigate boxing star Mike Tyson’s upcoming reality tv show about pigeon racing.

PETA (People for the Ethical Treatment of Animals) argues that the show, which has yet to air, is cruel to animals. They also argue that races are likely to involve or promote illegal gambling.

The new show, which is expected to air next year on Animal Planet, will follow Tyson as he competes in pigeon races across New York. The former world heavyweight champion has raised pigeons all his life, but is not experienced racing them.

PETA sent a letter on March 18 to the Brooklyn district attorney’s office requesting that an investigation be opened. Jonah Bruno, district attorney spokesman, says they are looking into the matter.

NY Daily News: PETA fights to put a stop on Mike Tyson’s new Animal Planet reality show featuring pigeon racing

Animal rights activists are upset about boxing champ Mike Tyson’s plans to host a reality TV show about “the intensely competitive and bizarrely fascinating world of pigeon racing.”

PETA (People for the Ethical Treatment of Animals) wants New York prosecutors to shut down the new Animal Planet show, “Taking on Tyson,” which will show Tyson racing his birds against other New York pigeons. PETA says the show exploits pigeons and glorifies an abusive sport.

The show might also run into trouble with New York’s anti-gambling laws.

“Pigeon racing as an industry involves gambling. That’s why people do it, to make money,” said PETA general counsel Jeffrey Kerr.

PETA thinks it is likely that wagers would be made over the outcome of races featured on the show.

He insisted District Attorney Charles Hynes should probe the Brooklyn-based show and “make sure the production is not allowed to go forward if illegal activity is going to take place.”

Jonah Bruno, a spokesman for the Brooklyn District Attorney’s offer, said that they received PETA’s complaint and are looking into the matter.

Tyson claims to have raised pigeons all his life, but he never raced them competitively before.

“We love these birds,” Tyson said. “It feels good returning to the rooftops of the city where it all started for me.”

A San Diego resident has finally been nabbed for leading a cheating gambling ring on a very prosperous tour of the US. The group conspired with dealers and ended up winning over $7 million dollars since 2002. The leader, Phuong Quoc Truong, will spend 7 years in prison due to his schemes.

Today Online: ‘False shuffles’ won him $9.8m

A U.S. man who led a card ring that cheated many casinos out of $7 million (C$9.8 million) was sentenced to nearly 6 years in federal prison. Phuong Quoc Truong admitted to leading the ring, that targeted 27 U.S. casinos. The operation began in 2002.

Truong was ordered to pay $5.7 million in restitution, $2.8 million in fines give up 2 homes, property in Vietnam, a 2001 Porsche Carrera, and a Rolex watch. The ring targeted table games and involved “false shuffles” which created groups of unshuffled cards that group members could successfully bet on, knowing the card order in advance.

The ring made their biggest score in 2005; $868,000 in 90 minutes at a table, according to indictments. So far, 37 people have pleaded guilty to participating in the organization.

The Associated Press: Calif. man sentenced for bilking $7M from casinos

A San Diego man who led a card-cheating ring that bilked 27 casinos out of $7 million was sentenced to nearly six years in federal prison on Monday. Phuong Truong admitted to leading the “Tran Organization.” The operation began in 2002.

In federal court, Truong pleaded guilty to racketeering conspiracy in 2008. On Monday he received orders to pay $5.7 million in restitution and forfeit nearly $2.8 million in fines plus several properties and possessions both home and in Vietnam.

According to prosecutors, the organization used hidden transmitters and software to predict the order in which the cards would appear in blackjack games and payed off dealers in other table games.

The Province: Casino scam cashed out

An U.S. man who set up an elaborate conspiracy to cheat U.S. and Canadian casinos of millions of dollars was sentenced to 70 months in prison Monday, according to the Justice Department.

Phuong Quoc Truong will also forfeit nearly $3 million, repay nearly $6 million to several casinos and forfeit assets including several U.S. and Vietnamese properties, a Porsche, a Rolex watch and a diamond-encrusted pendant.

Truong was convicted of having set up a criminal enterprise known as the “Tran Organization,” based in San Diego, which bribed card dealers and supervisors in casinos to help them execute an elaborate cheating scheme.

A San Diego resident has finally been nabbed for leading a cheating gambling ring on a very prosperous tour of the US. The group conspired with dealers and ended up winning over $7 million dollars since 2002. The leader, Phuong Quoc Truong, will spend 7 years in prison due to his schemes.

Today Online: ‘False shuffles’ won him $9.8m

A U.S. man who led a card ring that cheated many casinos out of $7 million (C$9.8 million) was sentenced to nearly 6 years in federal prison. Phuong Quoc Truong admitted to leading the ring, that targeted 27 U.S. casinos. The operation began in 2002.

Truong was ordered to pay $5.7 million in restitution, $2.8 million in fines give up 2 homes, property in Vietnam, a 2001 Porsche Carrera, and a Rolex watch. The ring targeted table games and involved “false shuffles” which created groups of unshuffled cards that group members could successfully bet on, knowing the card order in advance.

The ring made their biggest score in 2005; $868,000 in 90 minutes at a table, according to indictments. So far, 37 people have pleaded guilty to participating in the organization.

The Associated Press: Calif. man sentenced for bilking $7M from casinos

A San Diego man who led a card-cheating ring that bilked 27 casinos out of $7 million was sentenced to nearly six years in federal prison on Monday. Phuong Truong admitted to leading the “Tran Organization.” The operation began in 2002.

In federal court, Truong pleaded guilty to racketeering conspiracy in 2008. On Monday he received orders to pay $5.7 million in restitution and forfeit nearly $2.8 million in fines plus several properties and possessions both home and in Vietnam.

According to prosecutors, the organization used hidden transmitters and software to predict the order in which the cards would appear in blackjack games and payed off dealers in other table games.

The Province: Casino scam cashed out

An U.S. man who set up an elaborate conspiracy to cheat U.S. and Canadian casinos of millions of dollars was sentenced to 70 months in prison Monday, according to the Justice Department.

Phuong Quoc Truong will also forfeit nearly $3 million, repay nearly $6 million to several casinos and forfeit assets including several U.S. and Vietnamese properties, a Porsche, a Rolex watch and a diamond-encrusted pendant.

Truong was convicted of having set up a criminal enterprise known as the “Tran Organization,” based in San Diego, which bribed card dealers and supervisors in casinos to help them execute an elaborate cheating scheme.

Brick and Mortar gambling has become a hot issue in the state of Indiana and a few different bills are currently in writing or have recently been voted on. Most notable was a proposal to allow floating casinos to move inland, but there’s also been legislation indicating that parents must give gambling profits to their kids.

Fox News: Staying wet: Casinos not allowed to move inland

An amendment in the Indiana House that would have allowed the area’s floating casinos to move inland was defeated, and the issue appears dead. Representatives voted 57-42 Tuesday and shot down the amendment to a broader Senate casino bill. The bill was pulled from further consideration in the House.

The deadline for Senate bills to be amended in the House is Wednesday and the bill could be reconsidered by then, but the bill’s sponsor, Democratic Rep. Bill Crawford has no such intentions for it.

Rep. Crawford was angered that amendments to boost Indiana’s “racinos” won support but not the inland casino language that was aimed primarily at helping riverboats in Gary, Hammond and East Chicago.

WBIC News 93.1 FM: Inland Casino Bill Rejected

Indiana’s House has voted against amending a gaming bill to allow existing riverboat casinos to convert to land-based operations. The gambling industry and individual casinos struggling to compete with growing operations in neighboring states were split by the issue.

Rep. Matt Bell argued that the amendment would protect an established industry in Indiana from outside competition. He said, “It can be an important part of making our properties competitive, so they can attract individual investment into the state.”

Rep. Mike Murphy, on the other hand, countered that casinos are asking for special treatment, saying: “They don’t want to be treated like a business. They want to be treated like a monopoly.” The point that the gambling industry contributes millions of dollars to the state economy while creating thousands of jobs was argued by Rep. Charlie Brown.

A legislative summer study on gambling indicated that the state could lose over $100 million in gambling tax revenue if it disregards Ohio casinos, which were authorized by voters in November.

The Assosciated Press: Indiana House Backs Taking Deadbeat Parents’ Winnings

The Indiana House recently passed a bill that would require gambling parents who hit big slot machine jackpots at casinos to give winnings to their children.

The bill was approved unanimously and would withhold gambling winnings from parents who are behind on child support payments. It all makes sense in a state where just 58% of child support payments are collected.

Over 165,000 non-custodial parents owe more than $2,000 for back child support in more than $2 billion of delinquencies. The withholdings would generally kick in on slot machine winnings of $1,200 or more. The bill must return to the Senate for consideration of changes the House made.

Brick and Mortar gambling has become a hot issue in the state of Indiana and a few different bills are currently in writing or have recently been voted on. Most notable was a proposal to allow floating casinos to move inland, but there’s also been legislation indicating that parents must give gambling profits to their kids.

Fox News: Staying wet: Casinos not allowed to move inland

An amendment in the Indiana House that would have allowed the area’s floating casinos to move inland was defeated, and the issue appears dead. Representatives voted 57-42 Tuesday and shot down the amendment to a broader Senate casino bill. The bill was pulled from further consideration in the House.

The deadline for Senate bills to be amended in the House is Wednesday and the bill could be reconsidered by then, but the bill’s sponsor, Democratic Rep. Bill Crawford has no such intentions for it.

Rep. Crawford was angered that amendments to boost Indiana’s “racinos” won support but not the inland casino language that was aimed primarily at helping riverboats in Gary, Hammond and East Chicago.

WBIC News 93.1 FM: Inland Casino Bill Rejected

Indiana’s House has voted against amending a gaming bill to allow existing riverboat casinos to convert to land-based operations. The gambling industry and individual casinos struggling to compete with growing operations in neighboring states were split by the issue.

Rep. Matt Bell argued that the amendment would protect an established industry in Indiana from outside competition. He said, “It can be an important part of making our properties competitive, so they can attract individual investment into the state.”

Rep. Mike Murphy, on the other hand, countered that casinos are asking for special treatment, saying: “They don’t want to be treated like a business. They want to be treated like a monopoly.” The point that the gambling industry contributes millions of dollars to the state economy while creating thousands of jobs was argued by Rep. Charlie Brown.

A legislative summer study on gambling indicated that the state could lose over $100 million in gambling tax revenue if it disregards Ohio casinos, which were authorized by voters in November.

The Assosciated Press: Indiana House Backs Taking Deadbeat Parents’ Winnings

The Indiana House recently passed a bill that would require gambling parents who hit big slot machine jackpots at casinos to give winnings to their children.

The bill was approved unanimously and would withhold gambling winnings from parents who are behind on child support payments. It all makes sense in a state where just 58% of child support payments are collected.

Over 165,000 non-custodial parents owe more than $2,000 for back child support in more than $2 billion of delinquencies. The withholdings would generally kick in on slot machine winnings of $1,200 or more. The bill must return to the Senate for consideration of changes the House made.

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.