Monthly Archives: June 2015

Association of British Bookmakers names Malcolm George as new chief exec

The UK’s land-based bookmaking trade association has a new chief executive.

The Association of British Bookmakers (ABB) was left temporarily rudderless last week following the departure of interim CEO Martin Cruddace, the former Betfair legal eagle who announced he’d taken a job as managing director of the Arena Racing Company. Previous ABB CEO Dirk Vennix stepped down in January.

On Sunday, the Racing Post revealed that the ABB had tapped Malcolm George (pictured) as its new permanent CEO. George’s CV includes a couple decades experience working with technology firms, including Dell, Hewlett Packard and Electronic Data Systems. George also has experience with government relations, a crucial skillset given the attacks under which high street betting shops currently find themselves.

Anti-gambling types have pressed for curbs on bookmakers’ efforts to plug high street holes by taking over vacant storefronts. Campaigners have also called for reductions – or the outright elimination – in both the number of fixed-odds betting terminals allowed in each shop and the maximum stakes playable on each machine. Compounding matters, the government raised the Machine Games Duty from 20% to 25% this March.

Eleventh Circuit Case Delivers Big Win for Contractors Seeking Insurance Coverage

The U.S. Court of Appeals for the Eleventh Circuit has issued an important opinion that is good for contractors making claims on general liability policies, and not so good for the insurers issuing those policies. Specifically, the Eleventh Circuit reversed the District Court’s decision in favor of the insurer, and directed that judgment be entered in favor of the contractor establishing that the insurer was obligated to satisfy a $350,000 judgment entered against the contractor and in favor of the property owner in a separate lawsuit.

Eli Elezra Mansion Up For Grab, If You Have $2 Million To Spare

Eli Elezra, the former Full Tilt poker pro who was a regular on High Stakes Poker, is reportedly putting his Las Vegas home up for sale. Priced at just under $2 million, the 8,842-square-foot luxury house is situated in The Fountains community in Green Valley, Henderson in Nevada. Real estate giants, Vegas One Realty, have […]

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Crown Resorts’ $32m high-roller heist nearly undid Guinness record bid

More light has been shed on the infamous $32m heist pulled off by a dastardly duo at a Crown Resorts casino in 2013.

In March 2013, reports spread that Crown Melbourne had fallen victim to a scam perpetrated by a high roller who’d colluded with a Crown staffer who liaised with the casino’s VIP clientele. The scam reportedly involved tapping into the VIP room’s video surveillance in order to alert the gambler as to what cards were coming out of the dealer’s shoe.

On Saturday, Fairfax Media reported that the high roller at the center of the controversy was James Manning, a New Zealand businessman. During Manning’s hot streak in the Crown Melbourne VIP room, eight particular hands caught the interest of Crown security, due to what an unidentified Crown exec called “very, very suspicious” factors.

Manning “bet against the odds and won” all of the eight suspicious hands, leading Crown staff to figure out something was amiss. Eventually, they concluded that their surveillance had been compromised and that the VIP services manager who’d recruited Manning was signaling to indicate which way the high roller should bet.

WSOP Day 33: Carol Fuchs Scores Upset Win in Dealers Choice

The World Series of Poker’s annual celebration of women’s poker, the Ladies Championship, will crown a winner on Sunday. But the first female winner of the series came one night earlier, when a screenwriter from Los Angeles beat some of poker’s best in one of the toughest tests of the entire WSOP. The $1,500 Dealers […]

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Gaming Industry News Weekly Recap – Stories You Might Have Missed

THE AMERICAS

California’s latest online poker hearing offered little evidence of stakeholder compromise; Lindsey Graham introduced a Senate version of the Restoration of America’s Wire Act; Bitcoin online poker operator Bryan Micon reached a no-jail plea deal with Nevada prosecutors; Walt Disney ditched plans to take a $250m stake in DFS operator DraftKings while restaurateurs Latitude 360 acquired Major League Fantasy; California cardroom Casino M8trix paid a $1.5m fine to resolve profit-skimming allegations; Intertain Group acquired the rights to license Parlay Group’s bingo software source code; GameAccount Network launched its Casual Mobile Gaming product; the Mayweather v. Pacquiao fight helped Nevada casino revenue top $1b in May; Kambi Sports Solutions inked a deal with Mexico’s PlayCity Casinos; the Seminole tribe accused Florida’s government of violating its tribal gaming compact; Penn National Gaming opened Massachusetts’ first casino; evidence emerged that Pete Rose bet on baseball while still a player; Pala Interactive’s Jim Ryan said New Jersey’s regulated online gambling market will double from its current size; Jeff Ifrah discussed the prospects for legal sports betting in the US of A and Lee Davy continued his stellar coverage of the 2015 World Series of Poker.

EUROPE

Ladbrokes and Gala Coral Group confirmed they were discussing a potential merger, while Ladbrokes streamlined its international operations and Boylesports made a €25m offer for Ladbrokes’ Irish retail business; William Hill exited Portugal ahead of its new online gambling regime and rolled out a new prepaid Mastercard option; Hungary proposed an end to the state-owned online sports betting monopoly; PokerStars’ Italian site launched a slots offering; online gambling increased its share of the UK gambling market and Rebecca Liggero recapped all the action at days One and Two of the Gaming In Holland 2015 conference and days One and Two of the iGaming Super Show in Amsterdam.