Archive for November, 2015

Glenn Straub and ACR Energy Agree to Terms on Power Supply to the Revel Casino

Glenn Straub and ACR Energy Agree to Terms on Power Supply to the Revel Casino

Written by Steve Larson | Saturday, November 28th, 2015

ACR Energy Partners and the Revel Casino’s new owners, Polo North, came to a long-awaited agreement in a months-long lawsuit over electricity costs. The deal should open the door to Revel Casino’s reopening sometime in 2016. According to NJ.com, U.S. District Court Judge Jerome Simandle helped arrange a deal between the three main interested parties: […]

Nevada Attorney General Adam Laxalt Says He Will Support RAWA

Nevada Attorney General Adam Laxalt Says He Will Support RAWA

Written by Steve Larson | Friday, November 27th, 2015

Nevada Attorney General Adam Laxalt said this week he would support Restore America’s Wire Act, the proposed bill in the United States Congress which would ban online gambling on a nationwide basis. Adam Laxalt’s said he would sign a letter supporting RAWA, if it would influence members of Congress to act. Laxalt’s opinion contradicts the […]

New York Court Hears Arguments in Daily Fantasy Sports Case

New York Court Hears Arguments in Daily Fantasy Sports Case

Written by Steve Larson | Thursday, November 26th, 2015

The New York Supreme Court heard arguments from lawyers representing DraftKings, Fanduel, and the State Attorney General on Wednesday. Each side is arguing about the legality of daily fantasy sports in the state of New York. Lawyers for the daily fantasy sports sites claim their games are games of skill and legal under federal and […]

December 9 House Oversight Committee Hearing on “Restore America’s Wire Act” Is Looming

December 9 House Oversight Committee Hearing on “Restore America’s Wire Act” Is Looming

Written by Steve Larson | Tuesday, November 24th, 2015

A hearing has been set for December 9 to discuss Restore America’s Wire Act in the United States House of Representatives’ Oversight Committee, which is chaired by Jason Chaffets. The hearing is a sign that the Republican majority under new Speaker of the House Paul Ryan is likely to be friendlier to anti-online gambling legislation […]

Betfair Online Betting Exchange Is Licensed for New Jersey Play

Betfair Online Betting Exchange Is Licensed for New Jersey Play

Written by Steve Larson | Monday, November 23rd, 2015

Betfair, the largest online betting exchange, has been licensed for betting in New Jersey. Betfair’s gaming license allows to provide wagers on horse racing, but no other sports. It will partner with Monmouth Park on the services it offers. Waited Four Years for a License The UK gaming company has been waiting for four years […]

Travell Thomas Charged with Conspiracy to Commit Wire Fraud by Preet Bharara

Travell Thomas Charged with Conspiracy to Commit Wire Fraud by Preet Bharara

Written by Steve Larson | Saturday, November 21st, 2015

Travell Thomas, a professional poker player from the World Series of Poker Circuit, was one of 15 people charged with conspiracy to commit wire fraud this week. The group operated a bogus debt collection agency which collected over $31 million in fraudulent claims over a 4-year period, before the criminal conspiracy was stopped. The 37-year […]

David Rebuck Says Online Sports Betting Challenge Would Follow If PASPA Were Struck Down

David Rebuck Says Online Sports Betting Challenge Would Follow If PASPA Were Struck Down

Written by Steve Larson | Friday, November 20th, 2015

The Director of the New Jersey Division of Gaming Enforcement said in an interview this week the state would seek to legalize online sports betting, if ever it was successful in legalazing land-based sportsbooks. David Rebuck, the DGE’s director, also said he was “more optimistic than ever” that the state would success in regulating sports […]

New York Attorney General Is Investigating Yahoo’s Daily Fantasy Sports Activity

New York Attorney General Is Investigating Yahoo’s Daily Fantasy Sports Activity

Written by Steve Larson | Wednesday, November 18th, 2015

The New York Attorney General has added Yahoo! to the list of daily fantasy sports services he is investigating. Eric Schneiderman vowed to investigate the DFS industry in the wake of the Ethan Haskell draft percentage scandal, in which a DraftKings employee was accused of using his company’s statistics to gain an advantage when entering […]

Pennsylvania House Passes Changes to the Self-Exclusion List Law Which Helps Gamblers

Pennsylvania House Passes Changes to the Self-Exclusion List Law Which Helps Gamblers

Written by Steve Larson | Tuesday, November 17th, 2015

The Pennsylvania House of Representatives unanimously approved HB 322 today, which adds an additional sentencing options to a law involving the self-exclusion list for gaming and trespassing at casinos. The bill was sponsored by Rep. Mauree Gingrich, a Republican from Lebanon County. House Bill 322 applies to people who voluntarily add themselves to the Gaming […]

Caesars Creditors Sue to Have a Lawyer Put on the Stand to Testify

Caesars Creditors Sue to Have a Lawyer Put on the Stand to Testify

Written by Steve Larson | Monday, November 16th, 2015

The Caesars Entertainment creditors who are suing the Las Vegas casino company are seeking to have a lawyer put on the stand to testify. The creditors want the attorney, who works for Caesars Entertainment, to explain the decision making process behind his employer choosing to renege on a $7 billion loan guarantee. The lawyer they […]