Bitcoin is becoming a more common payment method for underground betting sites, according to Naomi Brockwell of Bitcoin Center NYC. Brockwell recently spoke on camera with John Stossel, the Emmy Award winning TV journalist for Fox News. Bitcoin is a currency ready-made for online gambling. In fact, about 50% to
Caesars Entertainment may consider Atlantic City closures, due to "market challenges", according to Bloomberg Businessweek. Caesars CEO Gary Loveman admitted to pressure on the Atlantic City properties during a conference call this week. "All the businesses in A.C. are under tremendous pressure." In discussing retraction, Loveman said that reducing the
Ben Affleck recently was barred from playing blackjack at the Hard Rock Hotel & Casino on the Las Vegas Strip. Contrary to reports on tabloid websites across the Internet, he was not banned for life from the Hard Rock Casino. Affleck is said to have been caught counting cards, which
A New Jersey woman claimed to have had her identity stolen in order to cancel her $10,000 in gambling debt. Diana Zolla of Jackson township filed a complaint alleging someone used her maiden name to register a New Jersey online gaming account and gamble. Zolla gambled away $9,565 in losses
Anargyros Karabourniotis, known to the poker world as Archie Karas, was ordered to stand trial for alleged crimes which took place at the Barona Casino in Lakeside, California. Officials at the Barona Casino claim to have surveillance video of Karas marking cards at one of their blackjack tables. If convicted,
California Chrome became the 140th winner of the Kentucky Derby at Churchill Downs on Saturday, winning by 1 3/4 lengths as Commanding Curve made a late push. The thoroughbred became the second favorite in a row to win the Derby, and will go for the second leg of the Triple
The Michigan Senate last week passed a charitable gambling bill pertaining to the charity events known as "millionaire parties". In a rare unanimous vote, the Michigan State Senate issued a challenge to governor Rick Snyder, who had proposed his own charitable gambling legislation. A millionaires club is a casino-style gaming
The Associated Press reports that only about 42% to 46% of all credit card transactions attempted by New Jersey's online gamblers are being accepted. The AP was given the figures by CAMS LLC, a company used by the state to route electronic payments. "Single Biggest Thing That's Holding It Back"
Members of a Russian organized crime operation which hosted high-stakes poker games for celebrities and CEOs were sentenced this week in a New York federal court. On Thursday, U.S. District Judge Jesse Furman sentenced 53-year-old Adam Trincher to 5 years of prison. Trincher sobbed as he apologized to the court
Las Vegas based slot machine manufacturer IGT announced that its 2nd Quarter profits fell by 67%, due to declining sales of its gaming machines. News of the announcement caused shares to fall $1.45, a decline of 10%, down to $12.62. The profit decline forced the company to announce lay-offs, with
According to several news sources, the Seminole Tribe of Florida is nearing a completed deal on a new gaming compact with Florida Governor Rick Scott. A source close to the negotiations says a special session in May might be called for the legislature to consider a new compact with the
Caesars Entertainment submitted an application with the New York State Gaming Commission for one of the four available licenses to operate a land-based casino in the state. If approved, Caesars appears ready to build a casino in Woodbury, Orange County. The development would be under the control of David Flaum.
