Keyword: gambling

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  • As Raiders rush to Las Vegas, try not to laugh at Roger Goodell's stance against gambling

    03/28/2017 1:37:56 PM PDT · by C19fan · 24 replies
    Yahoo ^ | March 27, 2017 | Dan Wetzel
    Roger Goodell recently declared the NFL remained opposed to legalized sports wagering. The NFL commissionerís reasons were trite, outdated and mocked by experts, but when has that ever stopped the NFL from doubling down (gambling term) on a policy? If Goodell says the league is opposed to sports wagering, then you rest assure that Ö Ö Welcome the Las Vegas Raiders Ö Ö Yeah, there is nothing that $750 million canít buy. Whatever. Goodell is just the talking head for the league. His bosses voted Monday by the tune of 31-1 that the Raiders should move from Oakland to Las...
  • This $352K gamble is why Brent Musburger rushed out to Vegas

    03/17/2017 9:11:15 AM PDT · by C19fan · 6 replies
    NY Post ^ | March 16, 2017 | Justin Terranova
    It was like no Selection Sunday show you ó or anyone ó have ever seen. Brent Musburger sat surrounded by bookmakers with $352,000 in cash sitting in front of him Sunday right after the NCAA Tournament brackets were announced on CBS, one of his former employers in the broadcasting business.
  • Bill introduced to lower age for legal gambling in Nevada

    02/06/2017 7:42:31 PM PST · by BackRoads775 · 48 replies ^ | 02/06/2017 | By COLTON LOCHHEAD
    Buying cigarettes. Going off to war. Voting. They are things you can do at 18 years old in America. A Nevada lawmaker wants to add gambling to that list. Assembly Bill 86, sponsored by Assemblyman Jim Wheeler, R-Minden, would drop the legal gambling threshold from 21 to 18 years of age.
  • People are demanding odds to bet on Donald Trump being assassinated

    01/23/2017 11:30:50 AM PST · by 2ndDivisionVet · 42 replies
    International Business Times (UK) ^ | January 23, 2017 | Shane Croucher
    Bookies such as Paddy Power and William Hill are refusing to give a price on Trump being killed. Fancy a flutter and want odds on Donald Trump to be assassinated? Well, you won't get them. Around the time of Trump's inauguration as US president, there was a spike in searches for odds on his assassination. Some punters were even asking bookmakers on Twitter for odds on Trump to be killed before the end of his term. But they didn't get any odds. Most were ignored, some got replies say they do not offer odds on things like that. The Betfair...
  • She was angry she always lost. So this woman threatened to kill lottery officials, police say.

    01/06/2017 4:14:13 PM PST · by 2ndDivisionVet · 46 replies
    The Washington Post's Post Nation ^ | January 6, 2017 | Lindsey Bever
    A Pennsylvania lottery player who kept buying losing scratch-off tickets called her string of losses a conspiracy and threatened to kill employees at state lottery headquarters, authorities said. Towanda A. Shields is wanted on 53 charges, including harassment, stalking and terroristic threats, for phone calls and voice-mail messages that police said started as a ďnuisanceĒ last year and escalated into a ďrelentlessĒ stream of hostile, sexually explicit and threatening statements to Pennsylvania Lottery officials in Lower Swatara Township. Police there issued a warrant for her arrest Tuesday and are working with authorities in Philadelphia, where Shields lives, to bring her...
  • Challenges To The Federal Anti-Gambling Laws -- Good Luck

    12/27/2016 6:58:53 AM PST · by reaganaut1 · 11 replies
    Forbes ^ | December 27, 2016 | George Leef
    Among the almost countless number of federal statutes that are both foolish and unconstitutional is the Professional and Amateur Sports Protection Act of 1992 (PASPA). Itís foolish because gambling is a peaceful, voluntary act for which no one should be punished by the government and itís unconstitutional because nothing in Article I, Section 8 authorizes Congress to enact laws to prohibit conduct simply because enough politicians regard it as immoral. Thatís why there had to be an amendment to authorize Prohibition. Constitutionally, gambling stands on exactly the same ground. Some members of Congress think that PASPA needs to be changed....
  • Forgiveness Ceremony Unites Veterans And Natives At Standing Rock Casino

    12/09/2016 8:01:22 PM PST · by The_Media_never_lie · 34 replies
    The Huffington Post ^ | 12/05/2016 04:55 pm ET | Jenna Amatulli
    On Monday, Native Americans conducted a forgiveness ceremony with U.S. veterans at the Standing Rock casino, giving the veterans an opportunity to atone for military actions conducted against Natives throughout history. In celebration of Standing Rock protestersí victory Sunday in halting construction on the Dakota Access Pipeline, Leonard Crow Dog formally forgave Wes Clark Jr., the son of retired U.S. Army general and former supreme commander at NATO, Wesley Clark Sr. This was a historically symbolic gesture forgiving centuries of oppression against Natives and honoring their partnership in defending the land from the Dakota Access Pipeline.
  • Fight Breaks Out at Opening of MGM National†Harbor [New DC Casino]

    12/09/2016 1:12:30 PM PST · by C19fan · 18 replies
    WPGC ^ | December 9, 2016 | Staff
    MGM National Harbor will bring many jobs to Maryland and should give the D.C.-area economy a boost. However, not everyone was in the holiday spirit at Thursday nightís grand opening ó a fight broke out during the Vegas-style extravaganza.
  • MGM gets state clearance to open its National Harbor casino Thursday night

    12/08/2016 3:55:42 AM PST · by C19fan · 7 replies
    Washington Post ^ | December 7, 2016 | Luz Lazo
    MGM is ready to open in Prince Georgeís County, Maryland gaming officials said Wednesday. Maryland Lottery and Gaming Control Agency issued an operating license Wednesday to the gaming giant,†clearing the way for it to open to the public Thursday night.
  • Woman bets whopping $223,000 on Clinton beating Trump in US election - despite never gambling before

    11/10/2016 3:55:20 AM PST · by Trump20162020 · 64 replies
    The UK Mirror ^ | October 14, 2016 | Michael Muncaster
    A mystery gambler appears to be pretty confident that Hillary Clinton will be the next US President - after placing a staggering £183,000 ($223,000) bet on her to win. The 44-year-old woman - who had never placed a bet before - staked the bet, on the Democratic candidate at a William Hill shop in Northumberland on Thursday, Chronicle Live reports. And it appears the whopping stake wasnít enough for this optimistic punter. The following day she returned to the branch to place an additional £13,200 on Mrs Clinton to succeed Barack Obama at odds of 1/8. The woman now stands...
  • The betting market has shifted to Trump. Prescient or too soon?

    11/03/2016 9:01:45 AM PDT · by mandaladon · 31 replies
    Hot Air ^ | 3 Nov 2016 | JAZZ SHAW
    Thereís an old saying about election predictions which instructs people making claims against popularly held beliefs to put their money where their mouth is. That actually happens in the real world because betting markets exist where people can wager on the outcome of the presidential race (or pretty much any other endeavor). One such enterprise is the Irish website Paddy Power and theyíve been taking bets on the Clinton vs Trump rumble since before the conventions were finished. For some time now the ďsmart moneyĒ had been on Clinton, but they now report thereís been a shift in the trends...
  • Bookmaker: Nearly all election bets coming in are on Trump

    11/02/2016 3:15:52 PM PDT · by 2ndDivisionVet · 19 replies
    The Hill's Briefing Room Blog ^ | November 2, 2016 | Rebecca Savransky
    A major gambling website says nearly all wagers on the presidential election in the last 48 hours have been on Donald Trump to win. Irish bookmaker Paddy Power on Tuesday said 91 percent of bets on the election in the last two days have been backing Trump, the Republican nominee.(TWEET-AT-LINK) ďWeíre not reaching for the rosary beads just yet but if money talks, and it usually does, itís telling us that Trump still has a puncherís chance and heíll be leaving us with some very expensive egg on our face if he does manage to pull it off," spokesman Fťilim...

    11/02/2016 3:09:50 PM PDT · by lowbridge · 35 replies ^ | November 2, 2016 | Nina Pineda
    Call it the $42.9 million dollar selfie. Katrina Bookman flashed her multi-million dollar smile. Behind her, on her slot machine screen, evidence of her mega win. "I kept thinking about my family," Bookman said. Bookman's voice cracks when she remembers her short lived joy. She's used to disappointment. Raised in foster care, homeless as a teen, Katrina raised 4 kids, who graduated high school, all by herself. "The struggle I've been through, it's hard to cope," said Bookman. She already earmarked the millions, to buy a barber shop for her son and the a big chunk she would give back...
  • Las Vegas casinos love Chinese gamblers. So these guys built a casino just for them

    10/26/2016 9:00:46 AM PDT · by C19fan · 12 replies
    LA times ^ | October 26, 2016 | David Pierson
    Casino operators know thereís no gambler quite like the Chinese. With their affinity for baccarat, the most lucrative game in Las Vegas, Chinese gamblers have long commanded special treatment ó be it with private Chinese gaming salons, Lunar New Year festivities or performances from pop stars flown in from Hong Kong and Taiwan. No one in Las Vegas, however, has built a casino and hotel strictly for Chinese visitors until now. The Lucky Dragon Hotel & Casino is billing itself as Las Vegasí first Asian-themed resort, funded in large part by Chinese investors. The property, set to open Dec. 3...
  • U.K. Bookmakers See Surge of Bets on a Donald Trump VictoryóJust Like Brexit

    10/19/2016 8:58:40 AM PDT · by 2ndDivisionVet · 10 replies
    Time Magazine ^ | October 19, 2016 | Suyin Haynes
    65% of all bets on the market have backed Trump to win the U.S. presidential election Donald Trumpís odds to win the U.S. presidential election may not match that of bookmakerís favorite Hillary Clinton, but a late surge of bets have been placed on the Republican candidate ahead of the final presidential debate on Wednesday. British-based bookmakers William Hill have launched their list of bets for the final debate, with Clinton placed at 1-3 to win the final televised showdown and Trump at 9-4. Overall, Clinton remains the hot favorite to win the presidency, whereas Trump now has a 20%...
  • Irish betting firm calls the election for Hillary and pays out $1 million on bets

    10/18/2016 12:17:51 PM PDT · by C19fan · 51 replies
    UK Daily Mail ^ | October 18, 2016 | Darren Boyle
    Irish bookmaker Paddy Power has paid out its customers who backed Hillary Clinton to win next month's presidential election. With less than three weeks to go until polling day, the firm declared that Donald Trump's White House bid had imploded and had very little chance of moving into 1600 Pennsylvania Avenue in January. The bookmaker claimed customers had been lumping on the former First Lady in the past week as Donald Trump's campaign became embroiled in a succession of scandals over his conduct.
  • 1000th blog post & election issues

    10/11/2016 8:54:44 AM PDT · by mainestategop
    Maiinestategop ^ | Brian Balll
    As of 2008 we are now at 1000 posts for Mainestategop, the blog of those of us who are refugees of New England Socialism and the voice of the New Hampshire based New England Alliance for Liberty and Free Markets. We've come a long way I think and I am just ecstatic. Eight years of fighting liberalism and saving America from liberal failure. I love it. Thank you to all for your continued support. †Now, with that said I want to discuss political issues concerning elections in New England. There's not much to be said, we are voting straight GOP...
  • Senate Republicans revive legislation to ban online gambling

    09/28/2016 9:05:05 AM PDT · by C19fan · 18 replies
    Washington Post ^ | September 28, 2016 | Catherine Ho
    The day after it became public that billionaire casino magnate Sheldon Adelson gave $20 million to a super PAC with close ties to Senate Majority Leader Mitch McConnell (R-Ky.), three GOP senators introduced legislation that would effectively ban online gambling ó a measure Adelson has long pushed for. The super PAC, the Senate Leadership Fund, backs Senate Republicans and is run by McConnellís former chief of staff Steven Law. The group received $28 million in August ó more than it raised during the entire 2016 election cycle. The vast majority, $20 million, came from Adelson and his wife Miriam. The...
  • Bill Legalizes March Madness and Fantasy Sports Bets

    09/23/2016 7:23:04 AM PDT · by MichCapCon · 2 replies
    Michigan Capitol Confidential ^ | 9/20/2016 | Derek Draplin
    A Republican member of the Michigan House of Representatives has proposed legislation to make it legal to play online fantasy sports for money and bet on the March Madness basketball tournament, as long as the prize is less than $3,000. Rep. Aaron Miller, R-Sturgis, introduced House Bill 5849 on Sept. 8 to decriminalize these activities. Miller said people from all facets of life are involved in fantasy sports and filling out NCAA basketball tournament brackets. ďWinning $100 for winning your league Ė that shouldnít be a crime,Ē Miller said. Miller said he didnít expect the bill would be acted on...
  • Little Saigon slaphouse culture blends gambling, meth

    09/04/2016 9:51:11 AM PDT · by Pelham · 6 replies ^ | Sept. 3, 2016 | CHRIS HAIRE
    LITTLE SAIGON Ė Las Vegas casinos employ a deceptive bargain: They offer free drinks to gamblers, knowing the booze will impair judgment and loosen wallets. The latest incarnation of underground gambling in Little Saigon takes a harsher tack Ė free meth. Gambling has long been endemic in the Vietnamese American community in Orange County, a thinly veiled cultural touchstone. Friends and family gather at houses to win one anotherís money during the Lunar New Year. Indian tribesí casinos set up booths at Little Saigon festivals to lure potential customers to their establishments. For years, the so-called bikini coffee shops in...
  • Police: Good Samaritan Breaks Into Car To Rescue Kids Left In Motor City Casino Garage

    08/29/2016 12:04:39 PM PDT · by nickcarraway · 15 replies
    CBS Detroit ^ | August 29, 2016
    A 25-year-old man is expected to face charges after he left two young children in a car while he gambled at Detroitís Motor City Casino. Detroit police were called to the parking garage at 11:25 a.m. Monday on a report of kids left unattended in a vehicle. According to police, a concerned citizen broke into the car and rescued the two boys, who are 5 months and 2 years old. Police said the children seemed to be physically OK and were turned over to casino security before police arrived. Itís not known at this time how long they were in...
  • Buddhist monk imprisoned for gambling $263,000 in temple cash

    07/26/2016 11:59:43 AM PDT · by BBell · 16 replies | The Times-Picayune ^ | 7/26/16 | Kim Chatelain, | The Times-Picayune
    A Buddhist monk living in Lafayette was sentenced Monday (July 25) to 30 months in prison for taking more than $263,463 from his own temple to gamble at a casino. U.S. District Judge Donald Walter handed down the penalty on Khang Nguyen Le, 36, a Vietnamese citizen who had pleaded guilty to wire fraud. Walter, whom President Ronald Reagan appointed to the Western District court, also ordered Le to pay full restitution. Le might also face deportation to Vietnam after release from prison, authorities said. From 2010 to October 2014, Le was president, presiding monk and resident of the temple...
  • Feds Shouldnít Add To Confusion Of Whether Daily Fantasy Sports Is Gambling

    07/11/2016 9:18:22 AM PDT · by Kaslin · 9 replies ^ | July 11, 2016 | David Williams
    The federal government has begun nosing around in daily fantasy sports (DFS). Last year, Preet Bharara, the U.S. Attorney for the Southern District of New York, launched an investigation as to whether DFS violates federal law. This May, the House Subcommittee on Commerce, Manufacturing and Trade held a hearing to ďconsider whether there is a federal role to playĒ in regulating the industry.Subcommittee Chair Rep. Michael C. Burgess, M.D. (R-Texas) expressed concern that, ď[a] patchwork of differing and contradictory policies by the states could have negative consequences for consumers, as well as further growth and innovation.Ē The feds should stand...
  • Shocking! Man loses his wife as stake in IPL gambling

    05/30/2016 8:49:11 AM PDT · by Eddie01 · 18 replies
    Mid-Day ^ | 29-May-2016 | Agencies
    Kanpur: Taking the example set by Yudhishthir in Mahabharata a tad too seriously, a man from Govindnagar area put his wife at stake in an IPL betting game and then proceeded to lose her. [snip] The police have registered a case. The accused is still at large. The police said that after having lost his all money at the share markets, the man put up his wife as a stake in IPL betting. [snip]
  • Attorney General Pam Bondi seeks to avoid deposition in Allied Veterans case

    08/03/2013 9:25:55 AM PDT · by Uncle Chip · 6 replies ^ | August 3, 2013 | Kate Howard Perry
    Prosecutors and defense attorneys in the Allied Veterans of the World case are disputing whether Attorney General Pam Bondi must answer a subpoena and testify. Court records show the state has asked a judge to quash a subpoena for Bondi, who is scheduled for a deposition next week by attorneys for several defendants in the gambling and money laundering case. Bondi argued in her motion that her testimony is no different from what other witnesses could offer and she is entitled to ďtestimonial immunityĒ due to her rank. Defense attorney Curtis Fallgatter argued in court documents that Bondi was briefed...
  • Judge [Lester]: Pam Bondi does not have to answer Internet gambling casino questions

    08/06/2013 9:27:34 AM PDT · by Uncle Chip · 10 replies
    The Orlando Sentinel ^ | August 6, 2013 | Rene Stutzman
    A Sanford judge today ruled that Florida Attorney General Pam Bondi does not have to answer defense attorneys' questions under oath in a mammoth Internet casino gambling case pending in Seminole County. Circuit Judge Kenneth Lester Jr. made that ruling this morning.The case involves more than 50 defendants, accused of violating the state's gambling, racketeering and money laundering laws by operating Internet cafes that prosecutors say served as storefront gambling parlors. Each had ties to the non-profit Allied Veterans of the World, a group that provided charity to military veterans but, according to authorities, donated just two percent of its...
  • Sheldon Adelson Says He Will Support Donald Trump

    05/05/2016 9:26:40 PM PDT · by Read Write Repeat · 25 replies
    NY Times ^ | 5/5/2016 | Thomas Kaplan and Maggie Haberman
    The casino magnate Sheldon G. Adelson said on Thursday night that he would support Donald J. Trump now that he has become the Republican Partyís presumptive nominee. ďYes, Iím a Republican, heís a Republican,Ē Mr. Adelson said in a brief interview. ďHeís our nominee. Whoever the nominee would turn out to be, any one of the 17 ó he was one of the 17. He won fair and square.Ē
  • Atlantic City, Americaís Worst-Rated Town, Stares at Default

    04/29/2016 10:40:44 AM PDT · by C19fan · 30 replies
    Wall Street Journal ^ | April 28, 2016 | Timothy W. Martin and Heather Gillers
    Atlantic City has so little money left that it could miss a $1.8 million bond payment due Sunday, a step that would make it the first New Jersey municipality to default on debt since the Great Depression. The Jersey Shore gambling destination has endured years of strain as a third of its casinos shut down. But now its cash levels are low enough that bankruptcy is a possibility for the 39,000-population city, according to Mayor Don Guardian.
  • MULTIMEDIA: Why Trump Is No Longer a Safe Bet (Prediction markets)

    04/15/2016 9:49:57 PM PDT · by 2ndDivisionVet · 27 replies
    The Times Herald-Record ^ | April 15, 2016
    Businessman Donald Trumpís seemingly unstoppable presidential campaign might be losing its momentum. Texas Sen. Ted Cruzís recent sweep in Colorado put up another speed bump in Trumpís path to the Republican nomination. While Trump claimed the Colorado outcome was ďriggedĒ and ďtotally unfair,Ē his campaign is simply no longer winning all aspects of the race. Prediction markets are reacting to this latest hiccup for the Trump campaign. As the possibility of a contested convention in July looks more and more likely, Trumpís numbers have dipped. Prediction markets are where people bet on the possibilities of certain outcomes in politics, sports...
  • March Madness Betting Pools are Illegal

    03/29/2016 5:07:50 AM PDT · by MichCapCon · 13 replies
    Capitol Confidential ^ | 3/24/2016 | Jarrett Skorup
    The NCAA menís basketball tournament, March Madness, kicks off today. But if youíre one of the millions that takes part in filling out your brackets and putting some money into a betting pool with your friends, youíre breaking Michigan law. State law allows an exception for small bets during poker games, but almost everything else is against the law. The state department notes, ďParticipating in betting pools based on sports, or anything else, is illegal.Ē Michigan sponsors a state lottery (with the funds benefiting government), but individuals gambling on themselves is a no-no. So enjoy the tournament Ė but bet...
  • Donald Trump is ‚Äėred-hot favorite‚Äô to win in Iowa, New Hampshire

    01/30/2016 8:32:51 AM PST · by ScottWalkerForPresident2016 · 16 replies
    MarketWatch ^ | 01/30/2016 | MarketWatch
    British bookies see a banner month ahead for Donald Trump. The Republican presidential candidate is the "red-hot favorite" to win the Iowa Caucuses (Feb. 1) and the New Hampshire primary (Feb. 9), says Graham Sharpe, spokesman for William Hill PLC, a leading British bookmaker. William Hill has Trump as the 1-2 favorite in Iowa and the 1-4 favorite in New Hampshire. "The Trump bandwagon shows little sign of a slowdown," says Sharpe.
  • British bookmakers have Donald Trump around even money to win GOP nomination

    01/29/2016 12:45:27 PM PST · by ScottWalkerForPresident2016 · 11 replies
    USA Today | 01/28/2016 | Martin Rogers
  • Spreads Vary But Panthers Open as Favorites

    01/25/2016 8:48:50 AM PST · by C19fan · 67 replies
    Breitbart ^ | January 25, 2016 | Staff
    The Carolina Panthers opened as a four-point favorite with most bookies for Super Bowl 50 on the strength of their 49-15 beatdown of the Arizona Cardinals and 15-1 regular-season record.
  • US Jewish philanthropist bought winning Powerball ticket for employee

    01/14/2016 3:56:13 PM PST · by Nachum · 36 replies ^ | 1/14/16 | staff
    One of the three winners of the record-breaking Powerball lottery jackpot in the United States became wealthy overnight thanks to the generosity of her boss, one of the American Jewish community’s leading philanthropists. Shlomo Rechnitz, a health care magnate who owns 80 assisted living facilities throughout California, purchased nearly 18,000 lottery tickets for all of his employees, one of which happened to contain the winning numbers. The unprecedented $1.6 billion Powerball jackpot will be divided among three winning tickets purchased in Tennessee, California and Florida. Each ticket is worth $528.8 million, lottery officials said in California, one of 44 states...
  • Atlantic City Faces State Takeover

    01/14/2016 9:04:13 AM PST · by C19fan · 21 replies
    Wall Street Journal ^ | January 13, 2016 | Kate King
    New Jersey lawmakers have proposed expanding the state’s oversight of Atlantic City’s troubled finances, sparking outrage from local leaders who say they are already under heavy state control. Atlantic City’s budget and administration have been subject to approval by a state monitor since 2010, and an emergency manager has overseen the city’s day-to-day finances for the past year.
  • Can Massachusetts Kill DraftKings?

    01/13/2016 6:25:40 AM PST · by C19fan · 10 replies
    Daily Beast ^ | January 13, 2016 | Robert Silverman
    Representatives from DraftKings and the Fantasy Sports Trade Association attended a public hearing in Boston on Tuesday to debate proposed regulations aimed at ending ‚Äúunfair and deceptive acts and practices that may arise in the gaming process.‚ÄĚ While the daily fantasy sports (DFS) companies have previously expressed a willingness to work with legislators and law enforcement officials to create industry-wide regulation, Massachusetts Attorney General Maura Healey's regulations might prove seriously damaging to their bottom line, especially if they end up being replicated in other states.
  • Pete Rose has never righted his wrongs (reinstatement denied)

    12/14/2015 4:00:06 PM PST · by Beave Meister · 59 replies
    ESPN ^ | 12/14/2015 | William Weinbaum
    It was a metaphor for all to see on this fall's World Series pre- and postgame shows. An outcast for more than a quarter-century, Pete Rose appeared as a Fox Sports TV analyst -- on a set outside the stadium. Now Rose, 74, will remain officially on the outs for the foreseeable future, following Major League Baseball commissioner Rob Manfred's denial on Monday of Rose's bid for reinstatement, 26 years after his lifetime ban based on evidence that he had gambled on the sport -- and on his own team -- as manager of the Cincinnati Reds. Manfred's ruling is...
  • Judge blocks DraftKings, FanDuel from offering contests in New York

    12/11/2015 10:59:00 AM PST · by C19fan · 12 replies
    SI ^ | December 11, 2015 | Staff
    New York Supreme Court Justice Manuel Mendez blocked popular daily fantasy sports companies FanDuel and DraftKings from offering contests in New York on Friday. According to the court ruling, both companies were found in violation of New York State’s laws against gambling, granting attorney general Eric T. Schneiderman’s preliminary injunction to shut down operation of the daily fantasy sports sites.
  • Feeling Lucky? State-Run Gambling Hits Record High in 2014

    12/07/2015 1:48:22 PM PST · by MichCapCon · 6 replies
    Michigan Capitol Confidential ^ | 12/4/2015 | Tom Gantert
    The Michigan Lottery set a record in 2014 with $2.6 billion in ticket sales, up 25 percent since 2005. People are spending more than ever on Michigan’s state-run gambling, and the biggest growth is in the instant ticket games, where participants rub off portions of the ticket to see if they've won. The games advertise prizes that go as high as $2 million. Instant ticket sales have increased from $662.5 million in 2005 to $913.1 million in 2014, a 38-percent increase. Almost all of the lottery proceeds go to fund public schools. The School Aid Fund received $743 million in...
  • States Play Gambling Monopoly

    11/24/2015 1:37:58 PM PST · by LibertysWordsmith · 9 replies
    Reason ^ | November 23, 2015 | A. Barton Hinkle
    New York Attorney General Eric Schneiderman (D) did New York a huge favor earlier this month when he declared fantasy sports leagues a form of illegal gambling and ordered two of their principal organizers, DraftKings and FanDuel, to stop taking bets from state residents. Fantasy leagues are not games of skill, Schneiderman decreed, but rather games of chance, and therefore illegal under state law. And gambling is illegal for good reason: It can lead to addiction and all other sorts of social ills. What a relief. From now on, New Yorkers will not be tempted by the deceitful lure of...
  • How a U.S. prosecutor's probe could spell doom for daily fantasy sports

    10/22/2015 6:48:57 AM PDT · by C19fan · 6 replies
    SI ^ | October 21, 2015 | Michael McCann
    In what may be the most troubling legal development yet for the Daily Fantasy Sports industry, The Wall Street Journal reported on Wednesday that the office of Preet Bharara, the U.S. Attorney for the Southern District of New York, has launched a probe into whether certain aspects of DFS violate federal law. Bharara is a truly feared figure in the gaming industry. On Friday, Apr. 15, 2011, in what became known as ďBlack FridayĒ to gamblers, Bharara unsealed indictments against three major operators of online poker websites for assorted criminal violations. The indictments included charges for conspiracy to violate the...
  • Interesting News on N. Korea (Cigar Smuggling, Online Gambling)

    10/21/2015 6:42:18 AM PDT · by TigerLikesRooster · 7 replies
    Chosun Ilbo ^ | Oct. 19, 2015
    N.Korean Diplomats Caught Smuggling Cuban Cigars Two North Korean diplomats have been caught smuggling a large stash of top-end Cuban cigars into Brazil. The two were arrested at Campinas International Airport in S„o Paulo, according to the Brazilian daily O Estado. Both are trade attaches at the North Korean Consulate there. They had come from Cuba via Panama carrying 3,800 cigars worth W90-150 million in six travel bags (US$1=W1,133). Cigar smuggling is apparently a common sideline for North Korean diplomats in Brazil, Mexico, Peru and Venezuela who are under growing pressure from Pyongyang to earn valuta. Top-end Cohiba Cigars sell...
  • Daily fantasy sports sites ordered to shut down in Nevada

    10/15/2015 5:26:31 PM PDT · by dynachrome · 43 replies ^ | 10-15-15 | CBS
    Nevada regulators have ordered daily fantasy sports sites like DraftKings and FanDuel to shut down, saying they can't operate in the state without a gambling license. The decision comes amid growing backlash by investigators and regulators over the sites, which have grown in popularity in the past year. The sites insist they are skill-based games and not chance-based wagers, and are therefore not subject to gambling regulations.
  • Fantasy sports hearing likely, GOP chairman says

    09/18/2015 6:26:00 AM PDT · by C19fan · 21 replies
    The Hill ^ | September 17, 2015 | David McCabe
    A House Republican chairman said on Thursday that he is likely to call a hearing on the new fantasy sports sites that critics say are skirting gambling laws. "My sense is that we will do a hearing," said Rep. Fred Upton (R-Mich.), the chairman of the House Energy and Commerce Committee. "Thereís a lot of things on our front burner right now, but I think this is an issue that we ought to take a look at.Ē
  • Illinois Lottery winners receive IOU amid lack of budget

    08/31/2015 7:34:39 AM PDT · by MarvinStinson · 55 replies
    CNBC ^ | 8/31/2015 | Fred Imbert
    Danny Chasteen and his girlfriend, Susan Rick, thought they had gotten their big break last month when Chasteen won $250,000 from the Illinois Lottery. Instead, they got an IOU. The Chicago Tribune reported that disbursements of Illinois Lottery winnings of more than $25,000 have been halted because the state doesn't have a budget. "For the first time, we were finally gonna get a break," Rick said. "And now the Illinois Lottery has kind of messed everything up." Under state law, checks for such winnings must be cut by the state comptroller's office and, since lawmakers have yet to approve a...
  • GOP Presidential Hopefuls Introduce Sheldon Adelson-Backed Bill to Ban Online Gambling (Rubio)

    06/25/2015 5:37:25 AM PDT · by C19fan · 14 replies
    National Journal ^ | June 24, 2015 | Dustin Volz
    Two Republican senators running for president reintroduced a bill Wednesday that would effectively ban Internet poker and other forms of online gamblingólegislation that has long been championed by casino magnate and GOP mega-donor Sheldon Adelson. Both Lindsey Graham and Marco Rubio joined a handful of Republicans and one Democrat in reviving the Restoration of America's Wire Act, a measure that proponents say would "restore" the proper interpretation of a decades-old federal ban on some gambling operations by expanding it to include Internet gambling.
  • Entries in long-hidden notebook show Pete Rose bet on baseball as player

    06/22/2015 11:33:01 AM PDT · by C19fan · 67 replies
    ESPN ^ | June 22, 2015 | William Weinbaum and T.J. Quinn
    For 26 years, Pete Rose has kept to one story: He never bet on baseball while he was a player. Yes, he admitted in 2004, after almost 15 years of denials, he had placed bets on baseball, but he insisted it was only as a manager. But new documents obtained by Outside the Lines indicate Rose bet extensively on baseball -- and on the Cincinnati Reds -- as he racked up the last hits of a record-smashing career in 1986. The documents go beyond the evidence presented in the 1989 Dowd report that led to Rose's banishment and provide the...
  • Anyone had experience with binary options? [Vanity]

    05/18/2015 11:55:38 AM PDT · by righttackle44 · 33 replies
    Various | May 18, 2015 | RightTackle44
    A couple of friends have encouraged me to try trading binary options. They use trend-spotting software, and they have shown me how it works. They say they consistently make money--sometimes very good money. The times they have invited me to observe their trading sessions--neither trades all day--they have made significant amounts of cash. Their only warnings are to be careful of the broker I use, and not to go crazy. One showed me an article about a particular user of binary options trading software in which the writer said that almost all software programs can work, but, of course, to...
  • Pimlico official says Preakness could move to Sunday in 2016

    05/17/2015 5:18:34 PM PDT · by TBP · 14 replies
    MSN Sports ^ | June 16, 2015 | David Ginsburg
    Maryland Jockey Club general manager Sal Sinatra said the owners of Pimlico Race Course and Laurel Park are considering moving the second jewel of the Triple Crown to Sunday to increase interest and attendance. The potential shift of the race to Laurel Park won't come as quickly, but is under serious consideration. Laurel Park is on a site that is roughly twice the size of Pimlico, and the facility is in far better condition than the track known as Old Hilltop. The Stronach Group, which owns both tracks, understands that money gained from state gambling might have to go to...
  • Riviera casino closes doors after 60 years on Vegas Strip

    05/05/2015 9:23:43 AM PDT · by C19fan · 14 replies
    AP ^ | May 4, 2015 | Kimberly Pierceall
    If the ghosts of Frank Sinatra and Liberace were still hanging around the Riviera Hotel and Casino on Monday morning, they wouldn't have found a seat at the bar. Crowds squeezed onto barstools and milled about the casino floor saying goodbye to "The Riv," a classic that spent 60 years on the Las Vegas Strip and closed at noon.