Category Archives: Gambling

Survey: gambling habits mostly unchanged by inflation as Nevada gaming revenue breaks records  The Center Square

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Survey: gambling habits mostly unchanged by inflation as Nevada gaming revenue breaks records - The Center Square

Michael Jordans $1 Million Gambling Debt Led to a Kitchen Fight While Juanita Vanoy Entertained Former Bears MVP  The Sportsrush

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Michael Jordans $1 Million Gambling Debt Led to a Kitchen Fight While Juanita Vanoy Entertained Former Bears MVP - The Sportsrush

Parents should talk to their kids about the dangers of online gambling, advises Michigan board  MLive.com

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Parents should talk to their kids about the dangers of online gambling, advises Michigan board - MLive.com

Governor likely to give assent to Bill against online gambling after getting doubts cleared  The Hindu

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Governor likely to give assent to Bill against online gambling after getting doubts cleared - The Hindu

1. Gamblings Spread  The New York Times
2. New York Times Barely Mentions Its Own Deep Ties To Sports Gambling In Investigative Piece  OutKick
3. Sports betting has been a boon for TV; Uncontained gambling can destroy families  Sports Broadcast Journal
4. U.S. sports betting: Here's where all 50 states stand on legalizing sports gambling, and mobile bets  CBS Sports
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Gamblings Spread - The New York Times

The World Cup is Giving the Gambling Industry Its a Historic Moment. But a Flood of Social ... - Latest  LatestLY

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The World Cup is Giving the Gambling Industry Its a Historic Moment. But a Flood of Social ... - Latest - LatestLY

1. Cuban Player Yasiel Puig Will Plead Guilty To Lying To Federal Agents In Illegal Gambling Case  Forbes
2. Yasiel Puig Not Target Of Investigation Into Gambling Ring, Per Agent  OutKick
3. Ex-MLB player Yasiel Puig to plead guilty to lying about illegal sports bets  ESPN
4. Yasiel Puig to plead guilty to lying to prosecutors in gambling case  The Washington Post
5. Yasiel Puig Pleads Guilty in Connection With Gambling Operation  Sports Illustrated
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Cuban Player Yasiel Puig Will Plead Guilty To Lying To Federal Agents In Illegal Gambling Case - Forbes

"This had nothing to do with gambling" - Trainwreckstv slams Twitch for gambling ban; says it was targeted at him  Sportskeeda

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"This had nothing to do with gambling" - Trainwreckstv slams Twitch for gambling ban; says it was targeted at him - Sportskeeda

BOSTON Three individuals have been indicted on charges related to extortion, witness intimidation, and illegal bookmaking, Attorney General Maura Healey announced today.

The charges are the result of a long-term, multi-year investigation by the AGs Gaming Enforcement Division and the Massachusetts State Police Special Service Section (SSS) working in cooperation with the Federal Bureau of Investigation (FBI) into illegal bookmaking, loan sharking, money laundering, and organized crime.

Three defendants were indicted by a Statewide Grand Jury on the following charges:

Eric Rogers, age 54, of Revere

Extortion (3 counts)

Conspiracy to Commit Extortion (1 count)

Witness Intimidation (1 count)

Use of a Telephone for Gaming (1 count)

Conspiracy to Use Telephone for Gaming (1 count)

Michael McMahon, age 44, of Boston

Extortion (1 count)

Conspiracy to Commit Extortion (1 count)

Organizing and Promoting Illegal Gaming (1 count)

Criminal Usury (1 count)

Money Laundering (1 count)

Registering Bets (1 count)

Conspiracy to Register Bets (1 count)

Use of a Telephone for Gaming (1 count)

Conspiracy to Use Telephone for Gaming (1 count)

Brian Kelley, age 50, of Duxbury

Money Laundering (1 count)

Registering Bets (1 count)

Conspiracy to Register Bets (1 count)

Use of a Telephone for Gaming (1 count)

Conspiracy to Use Telephone for Gaming (1 count)

Rogers was arrested and arraigned on the charges in Suffolk Superior Court earlier today. Rogers was held on $75,000 cash bail with the following conditions for release: he surrender his passport, be monitored via GPS with a 6pm- 6am curfew, and stay away from victims and witnesses. McMahon and Kelley will be arraigned in Suffolk Superior Court at a later date.

The AGs Office alleges that from 2017 to 2019, McMahon ran a large-scale illegal bookmaking enterprise that generated between $1 million to $2 million annually. All bets were placed through a website run by an offshore gaming company based in Costa Rica. The AGs Office alleges that Kelley was an employee of the gaming company who collected cash payments from illegal bookmakers, including McMahon, then delivered large bundles of U.S. currency in person via flights to Costa Rica as part of an elaborate money laundering scheme. Kelley is alleged to have earned significant income from this illegal scheme, which he then laundered through various residential properties. McMahon is alleged to have made more than $234,000 in cash payments to Kelley over a 20-month period.

The AGs Office alleges that Rogers collected two extortion payments of $10,000 in 2019 from McMahon in exchange for the right to operate an illegal book with permission from a larger, organized criminal syndicate.

The AGs Office further alleges that Rogers and McMahon extorted vast sums of U.S. currency from a bettor under McMahons illegal bookmaking enterprise who initially refused to pay a debt, threatening violence, and using Rogers reputation as an organized crime associate to force payment from the victim.

All of these charges are allegations, and the defendants are presumed innocent until proven guilty. The AGs investigation remains ongoing.

AG Healeys Gaming Enforcement Division has a dedicated group of prosecutors and investigators who enforce the states Expanded Gaming Act of 2011 and investigate and prosecute illegal activity such as organized crime, money laundering, gaming-related financial crime, and corruption.

The case is being prosecuted by Assistant Attorney General Kevin P. McCarthy and Deputy Division Chief Stephen Carley of AG Healeys Gaming Enforcement Division, with the assistance of the AGs Digital Evidence Laboratory, including forensic Digital Media Analyst Jobal Thomas and Laura Hernandez, and the Massachusetts State Polices Fusion Center. Financial Investigation was conducted by Senior Financial Investigator Eugene Griffin of AG Healeys Gaming Enforcement Division.

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Three Men Charged in Connection With Illegal Gambling and Extortion Scheme - Mass.gov

Gambling has evolved through the years. It grew from local bets among friends and neighbors to large-scale casino bets. We now have online gambling, which is also evolving with every Fintech improvement.

Online gambling has grown with every eCommerce transition. We moved from making cash payments at casino cash offices and bank tellers to making eWallet transactions through mobile banking and other online financial institutions. The world has moved to cryptocurrencies and other decentralized payment options. It is only natural that online gambling moves with this decentralized trend. Let's explore crypto casinos and how they would change future gambling systems.

Bitcoin Casinos like those found on cryptocasinos.net are online casinos that accept Bitcoin as their primary exchange currency. Bitcoin is the leading digital currency and the front-runner in decentralized transactions. It is not exactly surprising that it has become a popular exchange tender in online gambling.

Online casinos thrive on the convenience they provide their users compared to traditional casino setups. Where land-based casinos suffer from general challenges like geographical restrictions and payment limitations, online gambling is an effective way to avoid these challenges. However, Crypto casinos provide even more convenience than regular online casinos.

Bitcoin casinos paved the way for other crypto payments when Cloubdbet Casino debuted in 2013. Of course, it felt like a fool's errand and barely gained much traction in the first few years. Bitcoin as a payment method had similar challenges until it started to thrive in 2018. Recently, Bitcoin has been the popular payment option, and several land-based casinos have included Bitcoin in their payment method.

Cryptocurrency has taken root in our financial system, and despite its fluctuating value, it is one of the valuable payment options. Similarly, crypto casinos offer better benefits for the online gambler, and we will consider some of them below:

Registering in Crypto casinos is like registering with regular online casinos. The only distinction is that Crypto is a decentralized payment system and imposes lesser registration requirements than other online casinos. Here is a general way to sign up:

Select your preferred crypto casino by typing in their website address or downloading their mobile app.

The first screen should contain login and sign-up options. As a new player, your choice would be to sign up. But you can select login if you have a previous account with the gambling operator.

The registration screen contains a list of sign-in requirements. While Crypto casinos do not request much personal information, they need basic details before admitting a new player. Cryptocurrency casinos only request the player's name, email address, and password. Most casinos even let you register with a Username, email address, and password.

New players can start playing after this essential registration. However, the player needs to provide further details and verify their email address before they can withdraw their winnings.

Payment methods are essential in the casino setup. Most casinos enjoy huge patronage because their fast payout rate matches their other benefits like extensive game collection and enticing promotion. Cryptocurrency casinos provide these benefits, but their payment systems offer more ease than regular online casinos.

Crypto transactions run on a decentralized system involving multiple computers creating firewalls and seamless connections simultaneously. This interconnectivity makes crypto transactions faster than fiat payments.

Bitcoin casinos gained recognition for this fast payment and seamless payment. Their customers could complete their deposits in quick time, which was an improvement from the position with fiat payments. Crypto casino customers can make deposits from their crypto wallets like Binance or Tron Wallet, and their gaming wallets would reflect the transaction immediately. This speedy deposit was common with other online payment structures, but none of them could match the withdrawal speed.

Withdrawal to crypto wallets never exceeds 24 hours unless they have some technical challenges or errors. Some casinos have verified and endorsed crypto payments in less than 6 hours which is unlikely with fiat transactions.

Crypto Casino bonuses are like other traditional gaming bonuses. However, cryptocurrency casinos offer more bonus rates than other casinos. Crypto casinos provide regular welcome and reload bonuses. You can have Free Spins and bonus credits.

Most casinos offer their players sticky bonuses with strict wagering requirements. The bonus might be a 50% welcome bonus with 20x wagering requirements. Crypto Casinos offer similar bonuses and wagering requirements but with better rates. New players may receive up to 100% or 500% welcome bonuses at the same wagering requirements but also include betting credits and Free Spins. These unique bonuses make crypto casinos more rewarding than traditional casino operators.

Crypto casinos may run on different payment systems from traditional casinos, but they are similar in their features and interfaces. Most online casinos offer identical game ranges, including slot titles, poker, blackjack, and other table games. Standard promotions include VIP Status, welcome bonuses, and reload bonuses, but crypto casinos offer better options.

Crypto casinos include regular game options but also add some exclusive games. These exclusive games are Provably Fair games that only crypto casinos can provide. The games could be unique options like Crypto Dice that differ from BlackJack, Bacarrat, or Roulette.

The decentralized nature of Cryptocurrency casinos makes them a welcoming hub for gamblers worldwide. Bitcoin casinos are particularly enticing to players in locations with strict gambling restrictions. Local regulations often regulate access to gambling activities within their borders, which could become a challenge where the Legislation limits online casino activities. This local legislation usually applies to all casinos, but Crypto Casinos operate under fewer restrictions than their traditional counterparts.

However, even decentralized casinos may face stringent regulations. These regulations would require the casino to maintain local requirements, including geographical limitations, responsible gaming guidelines, and compliance with KYC requirements.

The Know Your Customer (KYC) requirements in most countries create structures for the Casinos to verify and identify their customer. The process only requires the player to provide their government-issued identification to verify basic details like their name, age, and address. The player can complete this process by uploading images of documents like their Drivers Licences and Utility bills.

Crypto casinos offer most of the convenience that punters want from their casinos. They also play vital roles in the transition to the next gambling evolution-Metaverse Gambling. These features do not mean that cryptocurrency casinos offer the ultimate gambling experience, but they are enough to usher us into what is to come.

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How Cryptocurrency Casinos Are Shaping the Future of Gambling - Novinite.com