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Philip Conneller
4301 stories by Philip Conneller
Could Polymarket Cause a Bank Run? Failure Bets Raise Systemic Risk Concerns
Prediction market Polymarket is allowing users to bet on whether some of the world’s biggest banks will collapse this year, sparking warnings that such activity could potentially help fuel the financial panic it predicts. HSBC...
Online Poker Hit by Malware Scheme Exposing High-Stakes Hole Cards
High-stakes online poker has been rocked by a new superuser-style scandal after several top players fell victim to a malware attack that allowed a cheater to secretly view their screens and hole cards in real...
Miami Jail Officer Accused of Placing Hard Rock Bet Wagers, Smuggling Drugs for Inmates
A Miami-Dade correctional officer helped operate a jailhouse gambling racket that involved placing bets for inmates on the Hard Rock Bet website and collecting debts, according to a federal criminal complaint. Renel Troutman allegedly discussed...
Utah Man Claims $19K Casino Loss Forced Him to Rob Bank With Fake Bomb
A Utah man claims threats against his family over a $19,000 gambling loss at a Nevada casino forced him to rob a credit union using a fake bomb, according to court documents. West Wendover, Nev.,...
Las Vegas Gambler ‘Wild Bill’ Roberts Indicted After Allegedly Taking $69K in Bets After Arrest
A Las Vegas gambler accused of running an illegal sportsbook allegedly continued taking wagers after his arrest—including from the undercover agent investigating him—prosecutors said Wednesday, Sept. 30. William “Wild Bill” Roberts, above, denies operating an...
Judge Rejects Bid to Reopen Scotts Valley Casino, Calls $10M Losses ‘Self-Inflicted’
A federal judge has accused the Scotts Valley Band of Pomo Indians of “rolling the dice” by pouring $10 million into its proposed Vallejo, Calif., casino despite knowing the project was in serious legal jeopardy....
8 Washington Casinos Set to Close as Maverick Gaming Cuts 850 Jobs
Embattled operator Maverick Gaming has earmarked eight more cardrooms for closure across Washington state, potentially laying off 850 workers, as it continues to restructure under Chapter 11 bankruptcy protection. According to Worker Adjustment and Retraining...
Blue Chip Casino Cameras Catch Woman Trying to Cash Already-Paid Sportsbook Ticket
A 36-year-old Indiana woman is accused of trying to cash a winning $1,400 sports betting ticket at Blue Chip Casino in Michigan City, Ind., despite allegedly knowing the payout had already been claimed. What was...
‘Jimmy the Greek’ Lit Church Candles While Wishing Debtor’s Family Dead, Feds Say
The alleged ringleader of a sprawling Northwest Indiana gambling ring delivered a sinister threat to an indebted gambler from inside a church, federal investigators say." Ecclesiastical threats? James “Jimmy the Greek” Gerodemos, above, allegedly sent...
Vet Clinic Manager Embezzled $624,000, Gambled Away Every Cent Online
A former manager of a West Virginia nonprofit veterinary clinic has admitted embezzling more than $624,000 from his employer to feed an online gambling addiction—ultimately losing every cent. Help for Animals employees said the stolen...
