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Tag Archives: ReadWrite
Five arrested in Calgary for alleged casino fraud following staff investigation
Over in Calgary, in Canada, two men and three women have been arrested as they are alleged to have been working together to defraud a casino located in the city’s southeast. The news comes from the Calgary Police Service, who … Continue reading
Punter who sued Betfair after almost $2 million gambling loss loses appeal
Lee Gibson, a multimillionaire “problem gambler,” has lost his appeal in the Court of Appeal, after suing Betfair over losing close-to £1.5 million ($2 million) on gambling. Gibson claimed that the betting platform had a duty to protect him from … Continue reading
Bally’s secures increase in loan, taking it to $1.1 billion for NYC casino
A deal has been agreed to increase Bally’s Corp term loan to $1.1 billion, with the initial term loan becoming $600 million and the delayed draw term loan now being $500 million. This amendment to the loan, which was entered … Continue reading
BGC warns budget plans will mean thousands of job losses and illegal gambling set to double
“This budget means thousands of job losses,” the Betting and Gaming Council (BGC) warns as they say they’re ready to work with the UK government following the Autumn Budget announcement. The Budget confirmed an increase to gambling tax as it … Continue reading
Singapore Police apprehend 36 people as part of illegal gambling raids
Police in Singapore have arrested 36 individuals as part of coordinated raids on suspected illegal gambling premises. The group consisted of individuals aged 16 to 69 years old, as police in the region investigated crimes surrounding banking fraud and illegal … Continue reading
Orange County shuts down illegal gambling operation disguised as garage door business
The Orange County Sheriff’s Office shut down what officials say was an illegal gambling operation on West Colonial Drive after a six month investigation. The business called itself LiftMaster Garage Door Repair, but investigators say it was actually running unregulated … Continue reading
Soccer chairman Tony Bloom hit with betting allegations, but denies claims
The chairman of soccer club Brighton & Hove Albion, Tony Bloom, has come under fire in the media this week after a story alleged he was an anonymous gambler behind winnings of $70 million. On Friday (December 5), The Guardian … Continue reading
The Quiet Tech Revolution Happening in Your Mortgage Application
Mortgage applications are one of the only things to remain stagnant across various decades. Everyone knows the pain of applying for a mortgage loan: you spend days, weeks, and sometimes even months going through the process and dealing with complicated … Continue reading
SGLA pushes back as Maine bill seeks sweeping ban on online sweepstakes
The Social Gaming Leadership Alliance (SGLA) has spoken out against a proposed bill in Maine which would see sweepstakes banned. The bill, if passed, would mean that online sweepstakes games are prohibited and a person that operates or promotes an … Continue reading
Turkey orders arrest of top-tier soccer players, officials in gambling probe
A total of 46 people in Turkey have been ordered to be detained, some including soccer players, club presidents, and others, with this being the latest in a gambling investigation. It was in November when Turkish soccer plunged into disarray … Continue reading