Monthly Archives: June 2015

Kangwon Land ordered to pay $520k to hard luck gambler

South Korean casino Kangwon Land has been ordered to pay KRW 580m (US $520K) to a gambler who wouldn’t stop trying his luck.

The gambler, identified only as Kim, reportedly lost a total of KRW 20.8b ($18.6M) at Kangwon Land over a four-year period. Between April 2003 and April 2007, Kim paid a total of 181 visits to Kangwon Land, the only one of South Korea’s 17 casinos that allows local residents to gamble.

The Korea Times reported that Kim had asked Kangwon Land to ban him from the premises as early as May 2004, by which time he’d already lost KRW 10.8b. South Korean law allows gamblers to request a lift of their self-exclusion request following a three-month cooling-off period but Kangwon Land reportedly granted Kim’s request for a lifting of his ban after just one month.

Looking for a way to redeem his losses, Kim sued Kangwon Land, claiming the casino had violated the rules on entry bans. But the Seoul High Court ruled that Kangwon Land was only 20% responsible for Kim’s post-exclusion losses because the gambler knew that “entering the casino would result in losing money.”

Lyons Column – The Belmont

By TERRY LYONS, The Daily Payoff Contributing Columnist
@terrylyons

NEW YORK – In this instant gratification and “everything is the best” sports world we currently live in, courtesy of the never-ending, 24/7 cable news and sports-talk radio, how often can we truly say we have a chance to see a true champion accomplish one of the greatest feats in sports?

That chance will come on Saturday, June 6, when the gates open at beautiful Belmont Park and, on an spring evening in New York, trainer Bob Baffert saddles up thoroughbred great American Pharoah for the 147th running of The Belmont Stakes. It will mark the 34th time a racehorse is shipped to the famed track, located halfway between LaGaurdia and JFK Airports, with a chance to win the most coveted title in the sport of kings, that being “The Triple Crown,” or victories in the Kentucky Derby, The Preakness and The Belmont Stakes.

As most sports fans and all horse racing aficionados know, the Belmont is the toughest horse race of them all. While the Derby (1 mile and a quarter) and Preakness (1 mile and three-sixteenths) each measure slightly more than a country mile, the track at the Belmont is mapped at a grueling mile and a half, a distance which tests the stamina and heart of a horse, the way The Iditarod tests the endurance and will of a sled dog and his musher.

History tells us, the last Triple Crown winner was the great Affirmed, in 1978 – a horse pushed by his chief rival, Alydar, in the same manner in which Magic pushed Bird or Frazier pushed Ali. Between the time when Affirmed took The Belmont and today, there have been 23 champion thoroughbreds who came to this city of dreams with victories in the first two legs of the Triple Crown, winning in Kentucky and Maryland, only to have their legacies dashed with losses at The Belmont. The list is lofty, and includes:

• Most recently, in 2014, California Chrome who finished fourth in The Belmont.

• Ten years before that, in 2004, the popular Smarty Jones, finished second.

• An interesting string of close calls from 1997-99 when Silver Charm (2nd), Real Quiet (2nd) and Charistmatic (3rd) all fell short at The Belmont.

Before Affirmed in 1978, there was, arguably, the greatest stretch-run, the greatest ass-kicking, the greatest victory margin in a clutch situation in sports history – the 1973 Belmont Stakes victory for the best and most powerful horse I’ve ever set eyes on – Secretariat.

Secretariat’s win in the final leg of the Triple Crown was perfect, just perfect. How often can you say an athletic feat in the most important of sports events was perfect?

The only other performance that can be compared to Secretariat’s great run is New York Yankees legend Don Larsen’s perfect game in the 1956 World Series. While there have been other great performances in all major sports, there are no other rightful comparisons to Secretariat’s run.

Can American Pharoah become a Triple Crown champion?

Yes.

But jockey Victor Espinoza will need to guide his Kentucky Derby and Preakness champion on a near-perfect trip and avoid the slew Belmont-busters entered as spoilers in the lengthy endurance test of a mile and a half around the dirt track.

Why is it so difficult for a horse to win the Triple Crown?

“It’s supposed to be hard,” said John Cirillo, the president of his Cirillo World communications firm and a noted racing and handicapping guru who started his career as the PR guy at Yonkers Raceway.

“Three races in five weeks is grueling on a three-year old colt, many are still developing and their races usually spaced a month to six weeks apart.

“Secondly, Belmont is a tricky track and surface, known as ‘Big Sandy’ as a deep and tiring track surface. Then, you have the ‘Racing Gods’ and that means, like in all sports, you need to have some luck.

“War Emblem, another who won the first two legs for the Baffert-Espinoza combo, stumbled at the start in the Belmont in 2002 and lost all chance while I’ll Have Another was injured in 2012 and never even got the chance to race for history. Real Quiet missed by a nostril in ’98.”

Come June 6th, we very well could see American Pharoah become a Triple Crown winner to break the 36-year drought and become only the fourth horse to take the three races in the 67 years since the great Citation won in 1948.

Alleged agreement to share lottery proceeds didn't have to be in…

A Florida man who claims his former girlfriend violated an oral agreement to give him half of her lottery winnings will get a chance to prove his case because of a ruling on the statute of frauds. The Florida Supreme Court ruled on Thursday that the agreement to split any future lottery winnings didn’t have to be in writing because it was capable of being performed within a year.

Paul Phua heading home to Malaysia after judge dismisses government’s case

A US federal judge has dismissed the government’s case against accused illegal online sports betting operator Wei Seng ‘Paul’ Phua.

On Monday, US District Judge Andrew Gordon dismissed the Department of Justice’s case against Phua, who stood accused of operating an illegal online sports betting operation out of three luxury villas at Caesars Palace in Las Vegas during last year’s FIFA World Cup. Gordon’s ruling came after prosecutors informed him they no longer had enough evidence to support their case.

Last week, Gordon barred prosecutors from using the overwhelming bulk of the evidence against Phua on the grounds that the FBI had violated Phua’s constitutional protections against illegal search and seizure. To obtain the evidence needed for their search warrant, the FBI convinced Caesars to shut off the villas’ internet connection, then sent in agents disguised as tech support equipped with hidden body cameras, despite warnings that the charade was legally suspect.

Gordon’s ruling lifts Phua’s house arrest, under which he has spent the last 10 months at the home of a friend in Vegas. Phua will also get his $2m bail returned, along with the $48m Gulfstream jet he put up as collateral. Phua is now free to return to his native Malaysia, where his mother is suffering from advanced pancreatic cancer.

Michael Grimm launches 3 month residency at Vinyl inside Hard Rock Hotel

Soul singer Michael Grimm launched his three month residency at Vinyl inside Hard Rock Hotel & Casino on Friday, May 29 with select performances through, Sunday, August 30. The season five winner of ” America’s Got Talent ” has sold more than 200,000 albums and continues to grow a fan base of local, national and worldwide fans. During his residency, Grimm and his band, consisting of lead guitarist, Carlos Guerrero, bass player Colin Hotchkiss, and drummer/musical director Drew Masterpole, will play more than 40 shows, that will include original songs from his new album that hits the stores on Monday, June 15,as well as his rendition of soulful songs he is known for.

Kent's Cylcopark at Gravesend to get A 50,000 National Lottery funding

Gravesend’s Cyclopark is to get 50,000 of National Lottery funding to help improve facilities, it has been announced. The money will help provide new lighting, a sound system and race tracking technology at the BMX racing park, which is one 24 sports projects in the South East receiving a share of 2.61 million from the Lottery.

Paul Phua May Possibly Fly Home As Case Against Him Continues To Fall Apart

Paul Phua, the wealthy Malaysian junket operator and high-stakes poker player accused by US federal authorities of masterminding a multi-million-dollar sports betting ring in Vegas last summer, may be on his way home. Phua’s defense team is seeking the lifting of all travel restrictions imposed on its client, as well as the release of all […]

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