Archive for January, 2016

Illegal Betting Ring Which Used Terror Tactics Is Busted after a Brave Citizen Comes Forward

Illegal Betting Ring Which Used Terror Tactics Is Busted after a Brave Citizen Comes Forward

Written by Steve Larson | Saturday, January 30th, 2016

An illegal gambling ring set up by a former USC Trojans football player is alleged to have used terror tactics against its victims. Some of the tactics used include mailed videos of beheadings, as well as photos of the desecration of the grave sites of victim’s deceased family members. The terror campaign only came to […]

British Bookmakers Install Donald Trump as Even-Money to Win the Republican Nomination

British Bookmakers Install Donald Trump as Even-Money to Win the Republican Nomination

Written by Steve Larson | Thursday, January 28th, 2016

British bookmakers have adjusted their betting odds on whether Donald Trump will win the Republican Party’s nomination for president. In the newly published odds at Ladbrokes, Donald Trump is now even-money to win the nomination. A person can bet $10 to receive $10, plus their initial stake. Ladrokes also has increased Donald Trump’s odds of […]

Atlantic City’s Finances Placed in State Guardianship by Gov. Christie

Atlantic City’s Finances Placed in State Guardianship by Gov. Christie

Written by Steve Larson | Wednesday, January 27th, 2016

Gov. Chris Christie announced this week that Atlantic City is going to have its finances turned over to the state guardianship for the next 5 years. The plan was announced in conjuction with New Jersey State Senate President Stephen Sweeney and AC Mayor Don Guardian. The three men agreed that steps had to be taken […]

Bankruptcy Judge Warns Caesars He Could Convert Their Reorganization Case to Chapter 7 Liquidation

Bankruptcy Judge Warns Caesars He Could Convert Their Reorganization Case to Chapter 7 Liquidation

Written by Steve Larson | Tuesday, January 26th, 2016

Caesars Entertainment has been warned that a US bankruptcy judge might force the casino company to begin liquidation proceedings if Caesars continues on its present course of action. If a judge ordered such proceedings, Caesars Entertainment might have to divest itself of assets controlled by the parent company and not CEOC, its operations division. As […]

Washington Post Runs Story on Donald Trump’s Use of Junk Bonds for Trump Taj Mahal

Washington Post Runs Story on Donald Trump’s Use of Junk Bonds for Trump Taj Mahal

Written by Steve Larson | Monday, January 25th, 2016

Donald Trump threatened to sue The Washington Post if it ran a story on his junk bond dealings with the Trump Taj Mahal. The Post ran a story on Monday which told the story, which showed Donald Trump saying one thing and doing another. The story also belies Trump’s narrative of whether he is a […]

Carolina Panthers Open as a 5.5 Point Favorite over Denver Broncos in Super Bowl 50

Carolina Panthers Open as a 5.5 Point Favorite over Denver Broncos in Super Bowl 50

Written by Steve Larson | Sunday, January 24th, 2016

According to the Westgate SuperBook, the Carolina Panthers are early favorites to win Super Bowl 50, which is set to take place at Levi’s Stadium in Santa Clara, California on February 7, 2016. The next two weeks are the biggest betting event of the year for Las Vegas SportsBooks, who tend to take about $120 […]

Yu Darvish Cleared of Wrongdoing by Major League Baseball after Gambling Probe

Yu Darvish Cleared of Wrongdoing by Major League Baseball after Gambling Probe

Written by Steve Larson | Saturday, January 23rd, 2016

Major League Baseball has cleared Texas Rangers pitcher Yu Darvish of any wrongdoing in the illegal gambling case of Yu’s brother, Sho Darvish. The probe into a possible gambling connection between the two brothers was initiated in response to Shu Darvish’s arrest in October 2015 by Japanese authorities. Sho Darvish was arrested as one of […]

Brian Sandoval Calls on “Gaming Policy Committee” to Discuss Potential DFS Bill

Brian Sandoval Calls on “Gaming Policy Committee” to Discuss Potential DFS Bill

Written by Steve Larson | Wednesday, January 20th, 2016

Nevada Governor Brian Sandoval is calling a Gaming Policy Committee meeting for the first time since 2012 to discuss daily fantasy sports and other iGaming issues. The governor of Nevada calls such meetings rarely and the resulting discussions tend to be substantive. The 2012 meeting was used to discuss implimentation of the state’s online gambling […]

Texas Attorney General Offers Opinion Stating Daily Fantasy Sports Is Illegal in the State

Texas Attorney General Offers Opinion Stating Daily Fantasy Sports Is Illegal in the State

Written by Steve Larson | Tuesday, January 19th, 2016

The Texas Attorney General, Ken Paxton, has written an opinion which states that daily fantasy sports is illegal in the state. Paxton wrote in his legal opinion DFS sites like FanDuel and DraftKings are operating illegally within the state of Texas. Texas gaming laws prohibit wagers which “hinge on the partial or final result of […]

Suffolk Construction Wins a $1 Billion Contract to Build the Wynn Resort in Everett

Suffolk Construction Wins a $1 Billion Contract to Build the Wynn Resort in Everett

Written by Steve Larson | Monday, January 18th, 2016

Suffolk Construction Co., a Boston firm, won the $1 billion contract to build the Wynn Everett resort and casino. Wynn Resorts won the right to build a casino in the Boston sururb of Everett in October 2014. The development is expected to be open by the end of 2018. Wynn Resorts Ltd. contacted over a […]