Category Archives: Gambling

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YouTuber admits Fifa gambling offences BBC News Two men who ran a betting website connected to the Fifa video game have pleaded guilty to offences under the UK's Gambling Act. Craig Douglas, a prominent gamer known as Nepenthez, and his business partner Dylan Rigby ran a website that let video ... YouTuber NepentheZ pleads guilty to FUT gambling charges, faces potential prison time and thousands in finesVG247 FIFA YouTuber Pleads Guilty To Gambling ChargesGameSpot YouTuber pleads guilty to FIFA gambling chargesEurogamer.net PVP Live -KitGuru -Videogamer.com -BBC News all 21 news articles »

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YouTuber admits Fifa gambling offences - BBC News

Two researchers personally touched by problem gambling are assessing how deeply it afflicts Nevadas tribal communities.

Desert Research Institute archaeologist Ted Hartwell estimates he lost as much as $200,000 over the years he spent crouched over video poker machines. Behavioral researcher and psychotherapist Sydney Smith saw many of her fellow Cherokee Nation members fall victim to problem gambling at the tribal casinos in her home state of Oklahoma.

The DRI enlisted them to survey Nevadas tribal communities to determine the scope of the problem gambling among the states Native American population. Nevada is home to 27 federally recognized tribes, from the urban Reno-Sparks Indian Colony and Las Vegas Paiutes to the Duckwater Shoshones and other tribes in remote rural areas.

Hartwell and Smith have traveled the state to meet with tribal members and health officials. They conduct anonymous surveys about gambling habits and provide resources to those interested in learning more or getting help.

Our hearts are very much in this project, and I believe (the tribes) see that, said Smith, who focuses on problem gambling treatment at Rise Center for Recovery, which has offices in Nevada and Oklahoma.

Hartwell said it is too early to categorize the results of their research, which is ongoing. Early indications, though, are tribal problem gambling rates top whats found in the general population, where an estimated 6.5 percent of people suffer from gambling addiction.

There is a whole range of potential factors, he said. Theres this idea of cultural trauma as a trigger point in terms of the history of being removed from ancestral lands, of having cultural genocide perpetrated.

The Desert Research Institute, the environmental research arm of the Nevada System of Higher Education, is best known for its environmental studies. Recent work includes looking for ways to harness aerial drones to fight wildfires and seed clouds.

Its broad charter, though, provides for the use of basic and applied research and the application of technologies to improve people's lives throughout Nevada.

The research fits very well in the scope of our overall mission, Hartwell said.

From Desert Companion: 'You can't hear your heart'

Sydney Smith, left, and Ted Hartwell have traveled Nevada to study the prevalence of problem gambling among the states Native America population./Photo credit: Brent Holmes

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Problem Gambling Researchers Know Issue All Too Well - KNPR

February 06, 2017 9:41 AM by Robert Mann

An apparent crackdown on illegal gambling in the Philippines is now underway as the Philippine Charity Sweepstakes Office (PCSO) is in discussions with the Philippine National Police (PNP) to set up a task force aimed at tackling illegal gambling.

Local media reports that PCSO general manager Alexander Balutan said the PCSO has been holding a number of workshops and talks with the PNP and the Criminal Investigation and Detection Group with the goal of tacklingillegal gambling.

The enforcement increase is a way to battle illegal numbers games in the Philippines and has been in response to President Dutertes desire to stamp out illegal gambling.

Balutan issued a warning saying, To all illegal gambling operators, your minions and protectors, your days are numbered. Im warning you, you can run but you cannot hide. Go legal or else we will arrest you, and file appropriate charges against you.

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Crackdown on illegal gambling in the Philippines now underway - GamingTodaySlotsToday

Last week was quite eventful for the gambling industry with revenues for January rising marginally in Macau. Though this marked the sixth consecutive month of growth, following the extended slump of over two years, the slow improvement signifies that the recovery might not be that smooth.

On the other hand, the Nevada Gaming Control Board announced a decrease in revenues in the region in December.

In a separate development, Penn National Gaming Inc. PENN posted mixed fourth-quarter and full-year 2016 results. Though earnings compared favorably with Zacks Consensus Estimate, revenues missed the mark.

Gaming Industry 5YR % Return

Gaming Industry 5YR % Return

Recap of the Weeks Most Important Stories

1. Gross gaming revenues for January rose 3.1% on a yearly basis to approximately $2.4 billion or 19.3 billion patacas, per the Macau Gaming Inspection and Coordination Bureau. This marked the sixth successive month of gains, thereby continuing the revival in Macau.

However, the rise was below the 8% increase recorded in Dec 2016 and the median estimate of an 8.5% gain by Bloomberg analysts. New resorts continue to attract tourists and leisure gamblers, giving a boost to revenues. However, casino operators are bearing the brunt of cannibalization effect with the latest properties drawing in crowds at the expense of existing ones. Moreover, the January figures indicate that the Chinese New Year holidays, which began late last month, will not be as big of a boon as anticipated.

Notably, a tough operating environment in Macao weighed on the stock in 2015 and for the most part of 2016. Notably, the crackdown on corruption in China compelled Macau officials to impose restrictions on high rollers to stop billions of dollars from being siphoned off illegally from mainland China to Macau.

Consequently, this lowered footfall at local casinos. A slowdown in China, tighter visa policies, political unrest and a smoking ban on mass market gaming floors compounded the woes. In fact, the anti-graft corruption drive undertaken by the Chinese government is still keeping VIP gamblers at bay.

Nonetheless, efforts undertaken by Macau operators to revive revenues by wooing tourists and recreational gamblers with family-friendly resorts and more non-gaming facilities have started yielding results as evident from gambling revenue growth in the past six months. Thus, though the worst may be over but the slow progress suggests that Macaus recovery is going to be quite volatile and choppy.

2. According to the Nevada Gaming Control Board, Nevada gambling revenues dropped 2.7% in Dec 2016 from the year-ago period to nearly $956.1 million. The decline follows the fall in November. More specifically, casino revenues in the Las Vegas Strip which accounts for more than half of Nevadas total revenue were down 1.7% year over year in the month. However, Reno recorded a 14.1% rise in casino revenues.

3. Penn National Gaming posted fourth-quarter 2016 earnings of 5 cents, which compared favorably with Zacks Consensus Estimate of a loss of 14 cents. Meanwhile, the figure also improved over the year-ago quarters loss of 11 cents on the back of higher revenues. Moreover, results were significantly better than managements expectation of a loss of 15 cents.

Net revenue of $742.9 million increased 1.2% year over year due to a rise in revenues at South/West, Midwest and Other segments, partially offset by a decline in the Northeast segment. However, this Zacks Rank #5 (Strong Sell) company missed the consensus mark by a mere 0.07% and also fell slightly short of the managements guidance.

You can see the complete list of todays Zacks #1 Rank (Strong Buy) stocks here.

Price Performance

The following table shows the price movement of the major gambling stocks over the past week and the last six months:

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Company

Last Week

Last 6 Months

WYNN

-5.5%

-1.4%

LVS

-1.9%

3.2%

MGM

-0.9%

19.9%

MPEL

-3.8%

21.4%

MCRI

0.3%

2.2%

CACQ

0.7%

33.0%

BYD

3.5%

14.4%

Over the last five trading sessions, share price movement of the major gambling stocks witnessed a mixed trend. While Boyd Gaming Corp. BYD gained the maximum at 3.5% followed by Caesars Acquisition Companys CACQ rise of 0.7%, Wynn Resorts Ltd. WYNN and Melco Crown Entertainment Ltd. MPEL recorded a decline of 5.5% and 3.8%, respectively.

However, over the last six months, the price performance of gambling stocks has been predominantly positive. Among the stocks that appreciated the most were Caesars Acquisition Company and Melco Crown that gained 33.0% and 21.4%, respectively. On the contrary, Wynn Resorts recorded a decline of 1.4% over the same time frame.

Whats Next in the Gambling Space?

We note that gambling stocks have oscillated between gains and losses in recent sessions and with the earnings season in full swing, investors can expect this volatility to continue in the coming days.

Zacks' Top 10 Stocks for 2017

In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2017?

Who wouldn't? As of early December, the 2016 Top 10 produced 5 double-digit winners including oil and natural gas giant Pioneer Natural Resources which racked up a stellar +50% gain. The new list is painstakingly hand-picked from 4,400 companies covered by the Zacks Rank. Be among the very first to see it>>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Wynn Resorts, Limited (WYNN): Free Stock Analysis Report Boyd Gaming Corporation (BYD): Free Stock Analysis Report Melco Crown Entertainment Limited (MPEL): Free Stock Analysis Report Penn National Gaming, Inc. (PENN): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research

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Gambling Stock Roundup: Macau Sales Rise Again in January, Nevada Records a Drop in December - Yahoo Finance

LIMA A man charged with operating a gambling house could appear in court today to enter a plea to the charges.

Ghulam Khan, 45, of Lima, is charged with two counts of gambling and two counts of operating a gambling house after agents from the Ohio Investigative Unit raided his business, D & G Mini Mart, at 6459 Bellefontaine Road, Lima, looking for evidence of gambling, according to a statement from the unit, which is part of the Ohio State Highway Patrol.

Each charge is a first-degree misdemeanor and carries up to six months in jail.

The carryout also will face charges from an administrative standpoint of gambling, acquiring, possessing, controlling or operating a gambling device, game of chance for profit or scheme of chance, operating a gambling house and reckless permitting public gaming, according to the statement.

The administrative case will be presented to the Ohio Liquor Control Commission in the near future. Possible administrative penalties include fines, suspensions or revocation of a liquor permit, according to the statement.

Agents seized one quarter pusher machine during the raid and $659 in currency, according to the release.

Khan is scheduled to appear at a hearing at Lima Municipal Court.

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Carryout owner facing gambling house charges - Lima Ohio

The popular gamer avoided a jail sentence for running a betting site which made real money from gambling with FIFA Ultimate Team's virtual currency

YouTube gamer Craig Douglas, who performs under the nameNepenthez, has been fined for gambling offences involving the best-selling EA Sports video game FIFA.

Douglas, along with business partner Dylan Rigby, pleaded guilty to the charge of running a website which allowed gamers to gamble virtual currency from the FIFA Ultimate Team game mode.

VIDEO: French derby ends in violent brawl

Ultimate Team mode allows players to buy players with virtual coins, but Douglas and Rigby encouraged gamers to gamble these coins on real world football games, something they used to make a real-life profit.

Both men were charged with being officers of a firm that provided facilities for gambling without an operating licence, as well as being charged for theadvertising of unlawful gambling.

Douglas, who has over 1.4million YouTube subscribers, posted messages to his followers on Twitter following the sentencing, writing: "The worst year of my life concluded today. I have so much to say, but youll take whatever judgement you feel needed from the press.

"I want to thank all of those that have supported me through my journey. I would understand any viewers choice to no longer watch my content.I owe a huge apology to my family and close friends for putting them through this process, and appreciate all those that stood by me.

"I also owe a huge apology and debt of gratitude to my loyal supporters. Even if this is the end of our journey together, Im grateful.Ill upload a video in due course presenting my side of the story. The facts remain I plead guilty to two charges, and a substantial fine was the outcome. Id like once again to apologise to everyone and thank you all for being a part of my life. May our journey go forth."

Conte: I'm capable of murdering anyone!

Ultimate Team is one of the most popular modes in EA's major sports franchises, FIFA, Madden NFL, and NHL, where gamers can legally buy random packs for real cash in order to add players to their squads.

Last year, EA chief financial officer Blake Jorgensen told a Morgan Stanley investor conference that Ultimate Team was worth $650m in revenue each year.

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Famous YouTube FIFA gamer fined for gambling offences - Goal.com

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One of the biggest gambling days of the year: Super Bowl Sunday brings big temptation for gambling addicts fox6now.com MILWAUKEE The Super Bowl is the biggest sporting event of the year, but with the good there is the bad. It is also one of the biggest betting days of the year and that could be a problem. gambling. The Super Bowl can bring losses to those betting ... One Super Bowl LI gambling scenario where no one wins their betFOXSports.com Super Bowl Bet That's A Sure ThingForbes Super Bowl weekend: A vulnerable time for gambling addictsGlobalnews.ca Tulsa World -Baltimore Sun -Tama News-Herald - Toledo Chronicle all 30 news articles »

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One of the biggest gambling days of the year: Super Bowl Sunday brings big temptation for gambling addicts - fox6now.com

Real Money Online Gambling

When seeking outa real money online casino to open an account with, it is important to do your due diligence. This should always begin by first verifying where the casino is licensed and regulated andwhat software platform is being used to power the games.Holding a license through a reputable gaming jurisdiction ensures the software has been audited for fairness and that the operator is in good standing, which from a players perspective, means you are getting a fair hand andbeing paid on time.

The first place to look when verifying this information is on the website of the casino itself. Generally,this will be a link or logo at the footer of the website. An Random Number Generator (RNG) Certificate should also be posted (again, often found at the footer of the website or on a standalone accreditation page). If this information is not readily available, i.e. the casino is lacking in transparency, it is advised to stay clear from opening a real money online gambling account.

After verifying that your prospective real money gambling site of choice is, in fact, licensed and regulated by a reputable gaming commission, your next step in the vetting process should revolve around the bells and whistles, i.e. the selection of games and promotions being offered. If you already know your favorite games or those games that you might be interested in playing, you will obviously want to ensure those games are being offered. The good news is that the vast majority of online casinos provide everything you will find in the best of Vegas casinos, including a vast selection of slot machine and video poker titles.

Online Gambling is legal in manycountries, with a growing numberof states in the US now offering residents and in-state visitors the opportunity to gamble online with real money. But for US players as whole, options are limited, and quite frankly, many of these includeonline gambling sites in the business of swindling players. Thisis why the Online.Gambling.org player community exists - to help one another discover the best online gambling destinationsto wager real money at. For a comprehensivelist of safe internet gambling sites, see our online casino reviews page.

At Online.Gambling.org, we provide community-curated, playerreviews of USA and Internationalonline gambling sites, along with information on casino game rules and the latest news on the internet gambling industry at large. Not only do we outline which websites have proven track records so you can avoid the casinos online that operate illegitimately, we keep you informed of the latest promotions, events and betting news.

One last word of advice: Remember to have fun and set yourself loss limits! Real money online gamblingshould be primarily aboutentertainment purposes, and responsible gaming is a must-follow principle at all times. Online casino gambling can be fun and exciting when playing responsibly at reputable online casinos. Read more about our top casino picks here.

Last updated January 6, 2016.

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Trusted Online Gambling Sites Since 1996 - Online.Gambling.org

A proposed Hard Rock casino that was announced for the Meadowlands Racetrack site on Wednesday carried with it considerable support from North Jersey lawmakers for placing a statewide referendum on the November ballot to clear the way for its construction.

michael karas/staff photographer

From left, Meadowlands Racetrack operator Jeff Gural and Hard Rock casino operator Jim Allen look on as state Sen. Paul Sarlo speaks on Wednesday, June 3, 2015.

Hard Rocks chief executive, Jim Allen, said the $1 billion casino would feature 5,000 slot machines, more than 200 table games, and 12 to 15 restaurants, and that it could open as soon as soon as the summer or early fall of 2016. Meanwhile, former Reebok Chief Executive Paul Fireman has proposed a $4 billion casino, hotel, spa and retail project adjacent to his Liberty National Golf Club in Jersey City that he said would take up to four years to complete.

Hard Rock Casino

A rendering of the proposed Hard Rock Meadowlands casino.

Hard Rock Casino

A rendering of the proposed Hard Rock Meadowlands casino.

Neither project could be built unless lawmakers elect to let voters decide whether to end Atlantic Citys nearly four-decade-old casino monopoly and thereby allow casinos to be built in North Jersey to compete with gambling palaces in Pennsylvania and New York State. But Sweeney a Gloucester County Democrat whose backing of a statewide referendum would be crucial last month questioned whether it would be wiser to postpone a vote to allow North Jersey casinos until November 2016 based on an expected low turnout this fall.

The unveiling of plans for a Meadowlands casino on Wednesday came with only weeks to spare before time runs out on starting the process of approving a question for the Nov. 3 ballot. Nearly a dozen North Jersey elected officials who attended the Hard Rock announcement insisted in impassioned speeches that the vote should happen this year. Sweeney did not attend, and a spokesman declined to comment.

Allen and the tracks operator, Jeff Gural, reiterated that some of the tax revenues from the new casino would aid the economic recovery of Atlantic City, where a four of 12 casinos have closed in the last 18 months. Allen added that because Hard Rock has sites in 64 countries, a Hard Rock Meadowlands casino complete with a New Jersey Music Hall of Fame would attract many of the millions of foreign tourists who visit Manhattan annually.

The announcement that an estimated 2,360 jobs would be created during construction drew cheers from laborers who attended the press conference at the tracks Victory Sports Bar. The casino also would create 5,000 permanent jobs, officials said.

This is not a fight between North Jersey and South Jersey, Gural said. Were fighting New York and Pennsylvania we need to bring back the people in northern New Jersey who now travel to those casinos.

Assemblyman Ralph Caputo, D-Essex, said Sweeney would need to be won over and that the ballot question would need to be drafted in the next 30 days.

I dont understand why we would wait another year, or two years New Jersey has a revenue problem, said Jim Kirkos, the president of the Meadowlands Regional Chamber of Commerce. Kirkos has backed new development including a casino at the Meadowlands Sports Complex since 2010.

Assembly Speaker Vincent Prieto, D-Secaucus; state Sens. Paul Sarlo, D-Wood-Ridge, Loretta Weinberg, D-Teaneck and Ray Lesniak, D-Essex; and Bergen County Executive Jim Tedesco were among the elected officials who endorsed the Hard Rock plan on Wednesday.

We will work together that this moves ahead the Meadowlands is the place for a casino in North Jersey, Weinberg said to applause from the crowd.

Weinberg said she would support building only one North Jersey casino, at the Meadowlands, while Sarlo and Lesniak support two North Jersey casinos and Caputo is backing up to three casinos in Bergen, Hudson and Essex counties.

But all of the politicians said they would be able to compromise on a plan to bring the issue to voters in November.

Im concerned that if we dont do it now, it will never get done, Lesniak said.

Gural said he met with the owners of the Giants and Jets several months ago and does not expect the NFL teams to oppose a Meadowlands casino. Gural also told the teams that, if a casino is built, he would pay to have the old grandstand adjacent to MetLife Stadium demolished and that the teams could then use that property for additional parking.

The new facility would be built to the left side of the main entrance of the racetracks new $100 million grandstand, which included a 16 percent equity stake by Hard Rock. Allen said the two buildings eventually would be connected.

Gural estimated that the state could collect $400 million in tax revenues at a rate of 55 percent almost double what the entire Atlantic City casino industry pays at its 8 percent rate if no more than two casino licenses are issued.

This was a show of force today, because everyone recognizes that this is the year to put it on the ballot, said Gural, who added that he and Allen may spend $10 million to $20 million on advertising this summer and fall to try to get a referendum passed. Gural estimated that it would cost three times as much to mount a similar campaign in 2016, a presidential election year when advertising would be more expensive.

I dont think that [Sweeney] wants to position himself as being the only obstacle to a project of this magnitude, Gural said.

The tax rate at the proposed 20-acre Jersey City casino complex likely would be far lower than at the Meadowlands, due to the cost of the investment and the greater number of permanent jobs that would be created at the Hudson County facility that like the private Liberty National Golf Club would cater to a highly affluent clientele.

Email: brennan@northjersey.com Blog: northjersey.com/brennan

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Hard Rock Casino proposal announced for Meadowlands [video ...

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The gambling company said the offer, worth as much as $5.5 billion, was inadequate compared with an earlier one from a rival bidder, Tabcorp.

By AMIE TSANG

A newly approved measure could allow the country to become a rival to Asian gambling centers like Macau even as other countries also ramp up competition.

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An investigation by the state attorney generals office found that the companies, which plan to merge, had employed false and deceptive advertising practices, misleading novice players.

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Its the logical thing to do. But I know you still wont do it.

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The gambling company said the offer, worth as much as $5.5 billion, was inadequate compared with an earlier one from a rival bidder, Tabcorp.

By AMIE TSANG

A newly approved measure could allow the country to become a rival to Asian gambling centers like Macau even as other countries also ramp up competition.

By JONATHAN SOBLE and NEIL GOUGH

Investors are seeing a potential bidding war over a company that runs a lottery business and betting on horse racing and sports matches.

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MGM National Harbor, opening this week, is a prominent addition to Prince Georges County, a long overlooked but upwardly striving area of 900,000 residents.

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The Spanish police said they had arrested 34 people suspected of being involved in fixing matches of low-level mens players in Spain and Portugal.

Australia said it had been told of the official arrest of the three workers, who were among 18 held last month in an inquiry into the promotion of gambling in China.

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Can anything be done to rein in an industry that sucks millions of dollars out of Australians pockets?

By LIZZIE OSHEA

State overseers are taking over a vast amount of the city governments power.

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By PATRICK McGEEHAN

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Gambling - The New York Times