Archive for March, 2016

Elaine Wynn Seeks to Liquidate 10 Million Shares of Wynn Resorts, Worth about $1 Billion

Elaine Wynn Seeks to Liquidate 10 Million Shares of Wynn Resorts, Worth about $1 Billion

Written by Steve Larson | Thursday, March 31st, 2016

Elaine Wynn, the ex-wife of Wynn Resorts founder, Steve Wynn, has raised the stakes in her bid to gain control of 10 million shares of the Las Vegas casino company. Elaine Wynn would like to get her hands on her 10 million shares in order to sell them, but a 2010 deal with Steve Wynn […]

Las Vegas Sands Meets with Committee to Discuss Building NFL-Ready Football Stadium

Las Vegas Sands Meets with Committee to Discuss Building NFL-Ready Football Stadium

Written by Steve Larson | Wednesday, March 30th, 2016

At a meeting last Thursday with the South Nevada Tourist Infrastructure Committee, the Las Vegas Sands Corporation said it is serious about obtaining approval to build a $1.3 billion football stadium. If built, the stadium would house UNLV football games. The long term plan would be to lure an NFL team to relocate in the […]

PokerStars Was the Number One Online Casino Card Room in First Week of NJ Operations

PokerStars Was the Number One Online Casino Card Room in First Week of NJ Operations

Written by Steve Larson | Tuesday, March 29th, 2016

PokerStars was the most-played online poker platform in the New Jersey market the first week after its launch. The immediate prominence is a sign of the potential PokerStars has to change the U.S. online gambling market. Poker Scout reported that the average number of cash game players on the PokerStars site at any given time […]

Las Vegas Man Arrested for Scamming Investors of $350K on “Guaranteed” Betting System

Las Vegas Man Arrested for Scamming Investors of $350K on “Guaranteed” Betting System

Written by Steve Larson | Monday, March 28th, 2016

A Las Vegas man was arrested this week for luring investors into a business venture in which he would use a “guaranteed system” of betting to make money. Two potential investors offered a combined $350,000 of investments in the scam, in exchange for a percentage of the profits. 53-year old Mark Georgantas convinced one man […]

New York Legislature Might Approve Online Poker by the Summer of 2016

New York Legislature Might Approve Online Poker by the Summer of 2016

Written by Steve Larson | Friday, March 25th, 2016

New York state lawmakers included online poker as a line-item in a budget proposal, indicating a willingness to legalize online poker later this year. In fact, the spending bill seems to assume online poker as a part of New York’s budget for fiscal year 2017. New York’s legislators are trying to find new revenue streams […]

Amaya Gaming CEO David Baazov Is Charged with Insider Trading in Relation to PokerStars Purchase

Amaya Gaming CEO David Baazov Is Charged with Insider Trading in Relation to PokerStars Purchase

Written by Steve Larson | Thursday, March 24th, 2016

David Baazov, the CEO of Amaya Gaming, has been charged by the Autorte des Marches Financiers (AMF) with insider trading. The AMF is the securities regulators for the province of Quebec in Canada, so these are serious charges against Baazov. The AMF filed 23 different charges related to the case. Five of the charges were […]

FBI Dispute with Apple Mirrors a 1977 Case Involving an Illegal Gambling Ring

FBI Dispute with Apple Mirrors a 1977 Case Involving an Illegal Gambling Ring

Written by Steve Larson | Wednesday, March 23rd, 2016

The law the Federal Bureau of Investigation argues gives it the right to compel Apple Computers to unlock an iPhone has been used by the FBI against other telecommunications company’s before. In fact, the FBI used the “All Writs Act” in a 1977 illegal gambling ring against New York Telephone. The case, United States v. […]

Atlantic City Mayor Don Guardian Warns of Increase in Prostitution and Drugs in North Jersey

Atlantic City Mayor Don Guardian Warns of Increase in Prostitution and Drugs in North Jersey

Written by Steve Larson | Tuesday, March 22nd, 2016

Atlantic City Mayor Don Guardian warned lawmakers that North Jersey casinos would bring an increase in “prostitution and drugs and other minor crimes” to the region. Mayor Guardian’s comments were part of an ongoing debate in anticipation of a casino referendum which is planned for the November 2016 election cycle. Political leaders in the state […]

PokerStars’ Official Launch in New Jersey Happens on Monday, March 21

PokerStars’ Official Launch in New Jersey Happens on Monday, March 21

Written by Steve Larson | Monday, March 21st, 2016

Today marks the official launch of the PokerStars brand in New Jersey. Monday, March 21 is the first time in nearly 5 years US players could gamble at the world’s top online poker site legally. On April 15, 2011, the US Department of Justice seized the PokerStars US-facing domain and indicted several of its executives. […]

Shaquille O’Neal, Jimmy Rollins, and Alex Rodriguez Are New Investors in NRG eSports

Shaquille O’Neal, Jimmy Rollins, and Alex Rodriguez Are New Investors in NRG eSports

Written by Steve Larson | Friday, March 18th, 2016

Shaquille O’Neal, Jimmy Rollins, and Alex Rodriguez each have invested in NRG eSports, a competitive eSports company which competes in League of Legends and Counter-Strike: Global Offensive. NRG eSports has entered a new round of financing, seeking big money and high profile investors alike. NRG Chairman Andy Miller told a press conference the contributions of […]