3943 stories by Philip Conneller
Las Vegas Lawyer in Half-Billion Dollar Ponzi Scheme Gave $4M to Bookie
A Las Vegas lawyer accused of involvement in a $450 million Ponzi scheme used $4 million of investors’ money to pay off his bookie, according to the Securities and Exchange Commission. The commission on Tuesday filed a federal lawsuit against Matthew Beasley,...
Metaverse Casino Violating Securities Law Through NFT Sale, State Regulators Say
Two Cyprus-based online gaming operators have been told they can’t fund the development of their planned ‘Metaverse’ casino through the sale of NFTs. That's because they are violating securities laws. This week, financial regulators in Texas and Alabama sent cease and desist...
Grants Pass Downs, Oregon’s Last Racetrack Cancels 2022 Meet
Grants Pass Downs, Oregon’s last surviving commercial thoroughbred racetrack, has canceled its race meet for 2022. The track cited a recent decision by the state racing regulator to deny its application for 225 historical horse racing (HHR) machines at its new entertainment...
‘Russian Spy’ Arrested in Colombia, Charged With Illegal Sports Betting
A Russian national arrested in Colombia and accused of spying for the Kremlin has been charged with offenses related to illegal sports betting. Colombian authorities allege Sergei Vagin, 36, laundered $146 million from Russian sports bettors through bank accounts opened in Colombia...
Bangladesh Bank Heist: New York Supreme Court Tosses Case Against Bloomberry
A New York state court has dismissed a lawsuit that sought to hold Bloomberry Resorts liable for millions still missing from the 2016 Bangladesh Bank heist. The Philippine casino operator said Monday the civil case brought by the Bangladesh Bank had been...
Hot Lotto Fraud Mastermind Eddie Tipton Parole Revoked Days Before Release
Eddie Tipton, America’s most prolific lottery fraudster, has had his parole revoked just days before his scheduled release, The Des Moines Register reports. Tipton was the subject of a “major discipline” in prison, according to Iowa Board of Parole Chairman Andrew Boettger....
Grand National Won by 50:1 Shot ‘Noble Yeats,’ Bookies Delighted
Noble Yeats, a 50-1 outsider ridden by an amateur jockey, won the Grand National on Saturday in a thrilling finish to the UK’s famous handicap steeplechase. Sam Waley-Cohen is the first amateur to win the race since 1990. He rode novice chaser...
Michigan Joins Multi-State Internet Poker Agreement to Share Traffic
The State of Michigan will join the Multi-State Gaming Agreement (MSIGA), providing regulated online poker in the US with a real shot in the arm. The state will shortly join New Jersey, Nevada, and Delaware in sharing poker liquidity, adding its population...
Australia’s ‘Oz Lotto’ Jackpot Odds, Ticket Prices to Rise, Prompting Backlash
There’s controversy in Australia, where planned changes to Tabcorp-operated national lottery Oz Lotto will increase the price of a ticket while making it harder to win the big jackpot. However, Victoria state government, which licenses and regulates the lottery, says the new...
FanDuel Facing Consumer Fraud Lawsuit Over Unreturned Deposits
A New Jersey man claims FanDuel has violated his state’s Consumer Fraud Act, breached its contract with him, and engaged in a civil conspiracy by not giving him back $300. Paul Manganaro wants to initiate a class action suit against the operator....
