Monthly Archives: June 2015

Extradition trial begins this week in $16.5M Hot Lotto fraud case

After months of investigation and legal wrangling, legal actions against two men accused of rigging a multi-state Hot Lotto computerized drawing are proceeding. When Sugar Land, Texas, resident Robert C. Rhodes endorsed Eddie Tipton on the professional networking website LinkedIn, he deemed his friend and former business partner as someone “very focused on the bottom line” and someone he would work with again “in a second.”

National Lebanese Lottery

The official Lebanese National Lottery offers a new avenue and an effective way to reach people all over the world, allowing them to receive alerts, reminders and winning ticket numbers and prizes.It makes it easy for them to access to the information and features they want most through smart phones and tablets. Results:Checking weekly results is now easier.

Pinnacle Entertainment Is A Winner, Winner, Chicken Dinner

Pinnacle Entertainment , a Midwestern casino owner, operator and developer, has struggled for years to get their stock price out of the low-20s. Bowing to yearlong shareholder encouragement to unlock value, the company announced in November 2014 that they would seek to spin off the company’s real estate assets into a separate, publicly-traded REIT.

Gaming Industry News Weekly Recap – Stories You Might Have Missed

THE AMERICAS

Paul Phua left US soil after the DOJ admitted it no longer had a case; California’s online poker fight took a sharply negative turn; Nevada sportsbooks can now accept so-called ‘entity’ bets while Louisiana blew its chance to legalize fantasy sports;; the NFL put the kibosh on a fantasy football convention in Las Vegas; American Pharoah won the Triple Crown and owner Ahmed Zayat succeeded in getting his $1.65m gambling debt lawsuit tossed; DraftKings inked a marketing deal with Madison Square Garden Co.; the gaming industry protested the IRS boosting taxes on casino winnings; women make better gambling decisions under stress than men; new legislation would put three casinos in North Jersey; Roger ‘Bitcoin Jesus’ Vers said it’s not too late to buy Bitcoin; Wynn Resorts and MGM Resorts stayed schtum on merger rumors; the NFL announced its first live streaming deal for a regular season game; Rafi Farber warned of Station Casinos’ growing pains; archaeologists unearthed America’s oldest tribal casino; Rebecca Liggero discussed the Restoration of America’s Wire Act with Rich Muny and Nolan Dalla while Lee Davy recapped all the action at the World Series of Poker.

EUROPE

Playtech announced a £460m acquisition of troubled spread betting operator Plus500; Spain issued its long-awaited online slots licenses; PokerStars launched its UK-facing sportsbook; Paddy Power was said to be prepping a £1.6b bid for Ladbrokes; William Hill exited Romania; Dutch media agreed to restrict illegal gambling advertising; Denmark’s online market grew more than one-fifth; Betsson CEO Magnus Silfverberg submitted his resignation; Sportradar launched a new lottery monitoring system; Dafabet inked a shirt deal with Sunderland AFC; Tailorbet CEO Liam Casey discussed how to differentiate an online sportsbook while Robbie Davies said failure was assured for online poker startups; Slotozilla.com’s Rick Slot made a plea for personal responsibility; Portugal questioned Federbet’s motivations; Sepp Blatter announced his resignation as FIFA president and Rebecca Liggero profiled Goo Technologies’ Niclas Lundqvist in the latest installment of CalvinAyre.com’s innovator profile series.

California’s online poker hopes fade as pols balk and opponents go negative

California’s likelihood of passing online poker legislation in 2015 appears even less promising following pessimistic comments attributed to a prominent state senator.

On Friday, Capitol Weekly quoted California Tribal Business Alliance (CTBA) lobbyist David Quintana saying a recent conversation with state Sen. Isadore Hall gave him little confidence regarding online poker’s short-term legislative future. Quintana said Hall, who chairs the Senate Government Organization Committee, “will not be setting or hearing any internet poker bills this year.”

Hall’s stance was confirmed by a source who told Capitol Weekly that Hall was “not going to hear the bills” and thus online poker was “dead” for the current legislative session. Hall’s committee has jurisdiction over the state’s gambling sector and his intransigence creates yet another seemingly insurmountable hurdle for any of the state’s four competing online poker bills to clear.

However, Assemblyman Adam Gray, whose AB 431 online poker ‘shell’ bill has made it through two committee votes this spring, isn’t ready to throw in the towel. Gray claimed the issue was “alive – very much so” and that negotiations with the state’s fractious stakeholders were ongoing.

Playtech Adding Forex To Its Poker Products With New Purchase

The increasing diversification of the online poker industry continued this week after Playtech, the software provider for the iPoker Network, announced that it was taking control of forex trading platform, Plus500. Currently in the midst of a money laundering crisis, Plus500 has looking for investment in recent months and Playtech proved to be the most […]

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