The shock news that Fairground Holdings is to terminate business as a resultof having to abandon US-facing online gambling activities arrived as theweek ended, a sad close to a brief but promising business future for theagglomerator. In a public announcement Fairground reports that it isvoluntarily winding up its affairs following the need to halt US-facingonline […]
Tag Archives: casino
Gaming industry leaders say Internet gambling will thrive despite a recentlaw effectively barring online betting in the United States. In October,President Bush signed legislation making it illegal for U.S. banks andcredit card companies to process payments to gambling Websites But sometraditional U.S. casino operators view the rules as temporary and say ashift away from online […]
It was the high-tech key to a massive, illegal gambling kingdom a laptopcomputer that authorities say was owned by professional poker player JamesGiordano.Giordano, who rarely let the laptop out of his sight, unknowingly took agamble earlier this year by leaving it behind while attending a wedding in aNew York suburb, said police. In the three […]
Twenty-seven people, including a Pince Crest man and a former pro baseballscout, were charged in a billion-dollar-a-year gambling ring. New York CityPolice Commissioner Ray Kelly says the illegal gambling ring quote —“rivals casinos for the amount of betting.” The massive betting ring was runthrough a web site called Playwithal-dot-com, run by the poker player, JamesGiordano, […]
If this past election was a referendum on congressional budget earmarkingand good, old-fashioned pork-barreling, West Virginians did their part inendorsing those practices when they re-elected certain congressionalincumbents. Now that Democrats have regained control of both houses ofCongress, you can bet West Virginia is about to see the federal dollars flowonce again. Remember the dire predictions […]
Twenty-seven people, including a Pince Crest man and a former pro baseballscout, were charged in a billion-dollar-a-year gambling ring. New York CityPolice Commissioner Ray Kelly says the illegal gambling ring quote —“rivals casinos for the amount of betting.” The massive betting ring was runthrough a web site called Playwithal-dot-com, run by the poker player, JamesGiordano, […]
With the opening of the Mohegan Sun at Pocono Downs, Pennsylvania’sslot-machine era is officially underway. For better or for worse, thePoconos racino proudly announced “Phase One of casino project is now open.”It features two floors packed with nearly 1,100 slot machines, from thepopular Wheel of Fortune to Double Diamonds to the brand spanking new Dealor […]
Michael Jordan could become an investor in a slot-machine parlor inPhiladelphia, state gambling regulators were told Wednesday. ThePennsylvania Gaming Control Board concluded hearings on applications by fivegroups competing for licenses in what could be the nation’s largest citywith stand-alone casinos. Las Vegas-based Pinnacle Entertainment Inc. saidif it gets a license, Robert L. Johnson, founder of […]
Critics of the recently released study on problem gambling are beingneedlessly harsh in their dismissal of the research. The study by UPEIprofessor Jason Doiron is neither misleading nor irrelevant. Rather it isincomplete. Doiron looked at the prevalence of problem gambling in thespring of 2005 and compared it to the numbers from a similar study conductedin […]
Criminal charges have been brought against more than two dozen people andcorporations in four states in connection with a billion-dollar-a-yeargambling website, authorities said yesterday. Authorities declined to nameany of those charged. One of the corporations is an offshore Internetcompany with an American counterpart, said Kevin Ryan, a spokesman forQueens District Attorney Richard Brown. Ryan said […]
A massive online gambling operation was shut down Wednesday with theindictment of 27 individuals and three corporations on charges of unlawfullyoperating a highly sophisticated operation in Queens County and elsewhere inthe world that booked more than $3.3 billion in wages over a 28-month periodon a wide variety of sporting events ranging from horseracing, football,baseball, basketball […]
State Duma deputies unanimously gave tentative approval Wednesday to a billthat would tighten the screws on gamblers and ultimately ban gambling exceptin four special zones from 2009. But the legislation — criticized forclumsy wording and prohibiting activities such as betting on friendly cardgames in private homes — is widely expected to undergo drastic changesbefore it […]
The Unlawful Internet Gambling Enforcement Act of 2006 won’t stop onlinegambling but it will cause consolidation in the industry and a furtherexample of this was announced today as Bodog is now the proud new owner ofBetcorp’s operating subsidiaries. Bodog agreed to buy out Betcorp for areported $9 million. Betcorp operated the highly successful onlinesportsbook BetWWTS.com […]
The CEO and president of the American Gaming Association, Frank Fahrenkopfsounded a positive note on the wider industry this week in an interview withReuters news agency on the political changes arising from the recent USmid-term elections. The top gambling executive said that the newDemocrat-dominated Congress will put pro-casino politicians in keyleadership positions as the American […]