3832 stories by Philip Conneller
Businessman Who Lost $500K Playing Rock, Paper, Scissors Gets to Keep His House, Court Rules
A Canadian businessman who lost a C$517,000 ($368,628) bet on a best-of-three game of rock, paper, scissors will not have to pay up. That's after the Quebec Court of Appeals upheld an earlier ruling that the stakes were excessive. Rock paper scissors...
Regular Bettors Gambling More Frequently During Pandemic Lockdown – Poll
Thirty-eight percent of Brits who class themselves as “regular gamblers” said they were betting more during the coronavirus lockdown, according to a new poll by Survation. The results of the study -- the first on the habits of gamblers during the coronavirus...
Moody’s Maps ‘Painful’ Recovery for US Gaming Industry Post-Pandemic
Moody’s Investor Services said Thursday that once the US casino industry reopens, it will take a year to begin generating just 30 percent of its 2019 levels. After just over 16 months, the industry will be back to around 60 percent, the...
Calls for Investigation into Cheltenham Festival Role in Spreading Coronavirus in UK
Cheltenham is a big deal in UK horse racing and a key event on any bookmaker’s calendar. This year, it ran from March 10 to 13, attracting 125,000 racegoers to the town of Cheltenham in the west of England. But some local...
Bangladesh Bank Appeals US Ruling Clearing Bloomberry Over New York Fed Cyber-Heist
Bangladesh Bank has appealed last month’s US federal court ruling that dismissed claims of liability against Philippine casino operator Bloomberry Resorts in 2016’s New York Federal Reserve cyber heist. In January 2019, Bangladesh Bank sued Bloomberry, along with Philippine bank Rizal Commercial...
DraftKings and FanDuel ‘Knowingly Misled Millions’ Over Chances of Winning at DFS, Claims Lawsuit
DraftKings and FanDuel should be held liable to reimburse customers who lost money playing daily fantasy sports contests because the two companies encouraged casual players to lose to profitable players. At least, that’s according to a group of plaintiffs attempting to claw...
British Horse Racing Issues Warning as Notorious Drugs Baron, Alleged Race Fixer Brian Wright Released from Prison
A notorious Irish drugs baron, money launderer, and alleged race fixer was warned Tuesday to stay away from the UK horse racing industry after his release from prison last week. Brian Brendan Wright, 73, was described by Her Majesty’s Customs officials prior...
Fraudsters Diverted €400,000 in EU Funds into Mystery Cyprus Casino Project
More than €400,000 ($434,000 USD) in EU funds that was supposed to go towards research on improving forest fire detection was siphoned into an unnamed Cyprus casino project, the European Anti-Fraud Office (OLAF) said this week. The bogus research program was to...
Betfred Accused of Backtracking on Pledge to Pay MoPlay Customers
UK betting operator Betfred is accused of reneging on a promise to honor the funds of former MoPlay customers. Betfred acquired MoPlay’s customer database from a liquidator last month after the latter declared insolvency on February 22. Just days earlier, Gibraltar-based Addison...
US Horse Racing TV Audience More Than Triples in 2020 as Tracks That Stayed Open Thrive
US horse racing, after decades of declining public interest, is back in the limelight. According to Reuters, the sport has received a huge boost from being the only game in town, with the TV audience on Fox Sports 1, Fox Sports 2,...
