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If Only Voters Were As Serious As Gamblers About Presidential Elections

If Only Voters Were As Serious As Gamblers About Presidential Elections | Games People Play | Scoop.it
Yes, you can bet on presidential elections. And gamblers betting on the election have a pretty good history of predicting the next US president. Better than the bulk of polls and surveys, in fact. ...
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Once-stranded Savannah casino boat Escapade to set sail again tonight

Once-stranded Savannah casino boat Escapade to set sail again tonight | Games People Play | Scoop.it
The gambling ship that got stuck on a sandbar near Tybee Island overnight on its maiden voyage with 96 passengers on board last month has been cleared to set sail tonight.
The casino cruise ship Escapade will launch at 7 p.m.
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Alleged Poker Cheat Christian Lusardi Charged with Bootlegging DVDs from China

Alleged Poker Cheat Christian Lusardi Charged with Bootlegging DVDs from China | Games People Play | Scoop.it
Alleged poker tournament cheat Christian Lusardi has been charged with copyright infringement after 37,500 pirated DVDs were discovered in his home.
Shawnee Rivers's insight:

There are many types of gambling & risk taking; and many kinds of cheating too.

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World Cup Gambling Hub Lands Ambassador in Vegas Court

World Cup Gambling Hub Lands Ambassador in Vegas Court | Games People Play | Scoop.it

When FBI agents went into Villa 8882 at Caesars Palace in Las Vegas on the afternoon of July 9, they found Wei Seng Phua and his son watching the World Cup semifinal between the Netherlands and Argentina.

 

...Phua, 50, a Malaysian citizen who also goes by Paul Phua, and his son appeared today in federal court in Las Vegas and pleaded not guilty to charges they ran an illegal gambling business out of the Caesars Palace villas. Phua and his associates, six of whom are set to be arraigned Aug. 7, were using the SBOBet and IBCBet sports betting websites, neither of which is licensed to operate in Nevada, to monitor odds and place bets, according to federal prosecutors.

Sport Betting

Those are the two biggest online sport betting commission businesses in the world, according to Chris Eaton, former head of security at soccer’s governing body FIFA. Eaton, now a director at Doha, Qatar-based International Centre for Sport Security, estimated that each company turns over about $2 billion a week.

Of more than 8,000 operators offering sports betting worldwide, most do so without obtaining authorizations required in the countries where their clients are located, making about 80 percent of all sports bets illegal, according to a May 2014 report by the Sorbonne University and International Centre for Sport Security.

 

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Owner of Revel Casino in Atlantic City Files for Bankruptcy Protection

Owner of Revel Casino in Atlantic City Files for Bankruptcy Protection | Games People Play | Scoop.it
The move came as the $2.4 billion Revel Casino Hotel was formally put on the auction block.
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The Biggest Bet Ever: Soros, Paulson and Cooperman Take On Adelson Over The Future Of Gambling In America | Forbes.com

The Biggest Bet Ever: Soros, Paulson and Cooperman Take On Adelson Over The Future Of Gambling In America | Forbes.com | Games People Play | Scoop.it

In November George Soros, John Paulson and Leon Cooperman, three of the most successful hedge fund managers ever, quietly participated in a rights offering and became major shareholders in Caesars Acquisition Co., a spinoff from casino company Caesars Entertainment that has ownership in Caesars’ online gambling assets.

 

Their stakes–previously unreported–are all part of an unprecedented bet on the future of the $60 billion casino business in America, as states from New Jersey to Delaware and Nevada legalize a practice that the Department of Justice said was illegal just two years ago. They were joined by billionaire private equity managers Leon Black, David Bonderman, Marc Rowan and Joshua Harris, whose two respective buyout firms are the biggest shareholders in Caesars Entertainment and doubled down by investing a combined $484 million in Caesars’ online gambling vehicle.

 

Already a roster of billionaires, from brothers Lorenzo and Frank Fertitta, who control the Ultimate Fighting Championship, to MGM Resorts' MGM +1.52% biggest shareholder, billionaire Kirk Kerkorian, are betting big on online gambling’s comeback.

 

There’s just one problem with all of this: Sheldon Adelson. The very week that Caesars’ online gambling play started trading on the Nasdaq, Adelson, the nation’s fifth-richest man–and one of the country’s biggest political donors–thanks to his vast casino holdings, unleashed an army of lawyers and lobbyists on Washington and state capitals, telling FORBES he will “spend whatever it takes” to stop online gambling in America.

 

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Via Chuck Sherwood, Senior Associate, TeleDimensions, Inc
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cards Marking's curator insight, July 23, 2014 2:58 AM

The biggest bet, the winner would be always the rich