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Archive for August, 2011

Woman fakes burglary to cover gambling losses

August 31, 2011 Leave a comment

Being irresponsible with your gambling and losing too much money is a bad thing. It can bring financial hardship on you and your family and it is the reason some people oppose gambling. If you do, though, it is best to come clean. What would be even worse would be to commit a crime by making up a story about burglary and sexual assault. That is exactly what one woman did, according to investigators.

According to investigators with the Riverside County sheriff’s department, a Southern California woman lied to deputies on August 9. On that date, she reported that a man ransacked her room and attacked her with a knife while attempting to sexually assault her. She said she was able to fight him off and gave a description.

The investigators noticed inconsistencies in the woman’s story, though. After they questioned her, the woman, who has not been identified, admitted to making up the story. She did it to hide the fact that she had lost money at a California tribal casino, though the amount lost is also unknown. Details about the extent of her gambling problems, if any, have not been disclosed.

The case has been referred to the prosecutors, who will decide whether to press charges against the woman for filing a false police report. Whether they do or not, this is a good time to reiterate that you should never wager money that you can’t afford to lose. If you need to commit a crime and concoct a story about a sexual assault and burglary, then that is a good indication that you shouldn’t wager the money. In that case, it’s best to not go to the casino. Responsible gambling is important at any casino, online and offline.

Tags: California gambling, gambling crime, responsible gambling

Categories: Casino, Gambling News

‘The Thrill’ bags first WPT title

August 30, 2011 Leave a comment

American grinder Will ‘The Thrill’ Failla turned ten years’ worth of effort into $758,085 this week after claiming his first WPT in a long and sometimes frustrating career.

Despite clocking up just over $2 million in career earnings, Failla had never won a major championship prior to this week’s WPT Legends of Poker in Los Angeles.

The Thrill came into the $3,500 + $200 event off the back of some solid form at this year’s WSOP, cashing five times for a little over $100,000. And he saw off a stacked field, which included former Main Event winners Phil Hellmuth and J.C Tran, to bag the career best cash.

Failla came into the final table clutching the chip lead, and despite a few early wobbles, held on to see off Ken Aldridge heads-up. After busting Aldrige’s Aces with a rivered flush in the penultimate hand, Failla got his hands on the trophy when his J-6 held over Aldrige’s 4-6.

The next stop on the WPT calendar is the Grand Prix de Paris at the Aviation Club in Paris from September 4-12. Check back with PokerPlayer next week for all the action.

Here’s how the WPT Legends of Poker finished up:

1: Will Failla: $758,085
2:
Ken Aldridge: $365,800
3:
Jeff Vertes: $186,400
4:
Joshua Pollock: $128,500
5:
Adam Aronson: $102,800
6:
Owais Ahmed: $77,100

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Categories: Online Poker

Atlantic City casinos reopen after Irene

August 30, 2011 Leave a comment

Hurricane Irene may never have become the devastating natural disaster that the media was hyping and hoping for, but it did manage to uproot a lot of people. Forced evacuations in New Jersey left Atlantic City closed for business, with the casinos shut down for the weekend. Yesterday, all eleven casinos reopened.

With Irene (downgraded to a tropical storm when it hit) heading toward New Jersey, the state ordered a mandatory evacuation of the coastline, including Atlantic City. That meant each of the eleven casinos had to be closed for only the third time in history. By losing a weekend of business, the casinos lost an estimated $40 million to $45 million in gambling revenue. That means the city also lost out on tax revenue and peripheral revenue such as money spent at nearby restaurants.

Yesterday afternoon, all of the Atlantic City casinos reopened, but few customers returned. With many people still out of the area and many roads leading into the city blocked by flooding or downed trees, casino attendance was sparse. Gaming officials believe it will be another day or two before casino attendance returns to normal levels.

“This was a major hit financially,” said Resorts Casino CEO Dennis Gomes. “It was a $3 million loss for Resorts. You can’t recoup it, so we’ve got to hope that the rest of the year will be good.” The casino industry is now looking at the coming Labor Day weekend as key to recovery from the tropical storm. To help bring customers back, some casinos are running special promotions. In addition, Lieutenant Governor Kim Guadagno visited the city on Monday to “remind residents and tourists that the Jersey Shore is a great place to visit following Hurricane Irene.”

Tags: Atlantic City casinos, Hurricane Irene

Categories: Casino, Gambling News

Atlantic City Casinos Suffer from Irene

August 29, 2011 Leave a comment

Atlantic City Casinos Suffer from Irene

Hurricane Irene may not have brought the devastation that many feared to the east coast of the US, but 11 casinos in Atlantic City are facing a substantial financial impact from lost revenues over the weekend.

Mandatory evacuations forced all Atlantic City Casinos to close for just the third time in the city’s history, with the doors shuttered at 8 PM on Friday and re-opening for business on Monday morning.

While the casinos suffered very minimal structural damage from the hurricane the financial damage could be significant; a similar three-day shutdown in 2006 during a state budget crisis cost Atlantic City casinos an estimated $50 million in lost gambling revenues, and the impact from Irene could be just as severe.

Tropicana CEO Tony Rodio has estimated that Irene has cost his casino about $4 million, with Resorts on the Boardwalk CEO Dennis Gomes estimating their losses at about $3 million.

As far as US casinos, Atlantic City is second only to Las Vegas as far as total gambling revenues. Atlantic City has seen its overall revenues dip in recent years, struggling with a double whammy of a lingering recession in the US as well as increased competition from new casinos in neighboring states.

Overall gambling revenues in Atlantic City are down about 7% in 2011 as compared to 2010, with July revenues off about 7% as well when compared to July 2010. 

Categories: Casino, Gambling News

WCOOP Mega Satellites week

August 28, 2011 Leave a comment

Thousands of seats up for grabs!

The 2011 World Championship of Online Poker is nearly here, and to celebrate, PokerStars is giving away a staggering 2,075 seats worth more than $500,000 to 13 different WCOOP events.

The Mega Satellites week started on Monday, August 29, but with five days of value for money qualifiers left, there’s still plenty of time for you to get involved in poker’s biggest online tournament series.

To register up for any of the Mega Satellites, load up the PokerStars client and go to Events > WCOOP > Satellites

See below for the full list of remaining satellites:

NB: Times listed are in WET.

GOOD LUCK!

Tuesday, August 30

When: 19:00
What:
Event 6 $215 NLHE+R Turbo
Buy-in: $3.30+R
GTD seats: 100

Wednesday, August 31

When: 11:00
What: Event 10 $265 PLO KO satellite
Buy-in: $27
GTD seats: 75

When: 16:00
What: Event 11 $320 NLHE, Ante Up satellite
Buy-in: $33
GTD seats: 100

Thursday, September 1

When: 11:00
What: Event 13 $215 PLO H/L satellite
Buy-in: $22
GTD seats: 75

When: 16:00
What: Event 14 $265 NLHE 6-max KO satellite
Buy-in: $27
GTD seats: 100

Friday, September 2

When: 16:00
What: Event 16 $215 PLO 6-max satellite
Buy-in: $22
GTD seats: 75

When: 22:00
What: Event 18 $320 NLHE satellite
Buy-in: $33
GTD seats: 100

Saturday, September 3

When: 15:00
What: Event 19 $109 NLHE satellite
Buy-in: $11
GTD seats: 1,000

When: 19:00
What: Event 20 $215 FLHE satellite
Buy-in: $22
GTD seats: 100

When: 21:30
What: $5,200 Main Event satellite
Buy-in: $215
GTD seats: 25

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Categories: Online Poker

Greece Going After Online Gambling Tax Evaders

August 28, 2011 Leave a comment


Greece
It happens in every country in the world. People win money playing at online casinos, and then instead of claiming that money and paying taxes, the winners operate under the assumption they do not have to pay on the gambling earnings. In almost all cases, this is an incorrect assumption.

Greece is starting to crack down on gamblers who do not pay taxes on their Internet winnings. The government has set up a police task force in which the sloe intention is to seek out and target online casino tax evaders. it is a trend that has many residents concerned.

“Why now are they starting to go after this money,” said one online gambler who wished to remain anonymous. “It would seem that people have been doing this for years, not paying taxes on gambling winnings, but only now do they go after these people?”

The issue in Greece runs much deeper than just the gaming industry. The government is aiming at an increase in transparency, and part of that transparency is ensuring that everyone is paying taxes on the income they are bringing in. Online casino winnings fall into the category of income.

Other countries have tried to police this form of income before, most notably the US. While the country is currently prohibiting their residents from playing poker online, the IRS claims that any winnings from online poker needs to be reported.

It is a catch twenty-two for online gamblers in the country. On one hand, they are being told to stay off their computers and instead gamble in land-based casinos. On the other hand, if they do wander on to their computers and win while playing at an online poker site, the government wants them to pay as if the winnings were income.

Categories: Casino, Gambling News

MLB Baseball Betting – The American League West Division and Final Frontier

August 27, 2011 Leave a comment

The American League playoff picture may not be officially confirmed as the dog days of August wage on, but the MLB sports betting board has certainly started to get predictable in terms of which teams will be playing into October.

In one division though, perhaps the only one with any form of intrigue remaining, the Texas Rangers and Los Angeles Angels find themselves in competition for the AL West pennant and the resulting postseason berth that comes with it.

Starting last Friday, the Rangers – currently up – will host their division rivals looking to widen the gap that separates them. The loser, thanks to the dual dominance of Boston and New York in the East, will forfeit their chance at a title.

After winning the American League last year before falling to the San Francisco Giants in the World Series, the Rangers are the expected favorite on the MLB futures board with 10/1 betting odds.

The Angels sit considerably further back with 35/1 betting odds of winning the World Series. Though it will not be easy for them to claw their way back to the top of the AL West, the upcoming weekend series is as good a place as any to start.

If the squad can get behind revitalized ace Dan Haren and start knocking off some much needed victories starting this Friday at 8 PM EST, the Angels could temporarily be one of the most lucrative contenders in baseball and betting.

Categories: Casino, Gambling News