Phil Mickelson, the 5-time major winner on the PGA Tour, agreed to pay back nearly $1 million in profits from an insider trading deal. Mickelson is seen by federal authorities as having profited from insider trading, though he is not accused of any wrongdoing himself. The place is a part
In recent days, two of the most powerful NFL owners have given their public support to the Oakland Raiders' plan to move their franchise to Las Vegas. On Friday, New England Patriots' owner Robert Kraft voiced his support for Mark Davis and the Raiders organization. Last week, Dallas Cowboys owner
The Nevada Gaming Control Board filed a 6-count complaint against CG Technology, one of the Las Vegas's largest sportsbook operators. The complaint alleges the bookmaking business committed several violations, including underpaying winners and accepting bets after a match had started. The Gaming Control Board's complaints include the charge that CG
Nevada Governor Brian Sandoval wants to make an interstate poker compact with New Jersey. He expressed his thoughts at a Nevada Gaming Policy Committee hearing on Friday in Las Vegas. While the remarks were not strong, Gov. Sandoval expressed a certain amount of frustration with the inability to make a
In recent years, Michigan's horse racing industry has dwindled to two racetracks: Hazel Park Raceway and Northville Downs. In recent years, the casinos have quarreled over revenue sharing, as both racing complexes struggle to remain viable in the current gaming environment. Card clubs exist elsewhere in Michigan, while lottery gaming
The Normandie Casino is the oldest poker room in Calfornia, having opened under the name "Western Club" in 1947. A recent set of indictments might signal the end of the Normandie Casino, though. The current owners of the Normandie Casino pleaded guilty to money laundering charges in January 2016. No
Casino mogul Sheldon Adelson had a private meeting with Donald Trump this past week to discuss the upcoming U.S. presidential election. In that meeting, Sheldon Adelson indicated to the Republican Party's presumptive nominee that he was willing to contribute to the former casino executive's campaign. Early in the process, Adelson
PayPal announced this week it would stop offering customer protection services on online gambling transactions. The global payment processor announced the move with an updated terms and conditions page, a low-key way to announce a sweeping new policy. Gambling payments were not the only category of transaction added to the
Restore America's Wire Act (RAWA) received no traction on its own, but Sheldon Adelson's supporters in the U.S. Congress have tried to attack the anti-online gambling bill to a key appropriations bill. The U.S. Senate is preparing a major Appropriations Bill, which pays for what the government does. When an
Nyquist won the 142nd Kentucky Derby at Churchill Downs on Saturday, as many bettors assumed he would. Bookmakers had Nyquist as the favorite to win the world's most prestigious horse race. Nyquist finished half a body-length ahead of Exaggerator. It was the fourth time Nyquist has beaten Exaggerator in a
Eliot Jacobson says casinos make a mistake when they spend so many resources stopping lone card counters. Instead, Jacobson says casinos should train their staff to locate "lucky idiots", because their behavior masks a bigger danger for their business. A good card counter gains an advantage over the casino. But
Golden Nugget Casino in Atlantic City has signed a deal with Inspired Gaming to offer "virtual sports", which is going to be an entirely novel type of game in the United States online gambling market. The games are expected to be integrated into the gaming repertoire of the Spin Games,
