Three Australian tennis players have been handed large fines and bans from the sport after being found guilty of match fixing. The punishments, which were handed out by the Tennis Integrity Unit (TIU), are meant to send a strong message to athletes in gambling-crazy Australia that match fixing of any kind will not be tolerated.…
Bitcoin prices fell more than 20 percent on Thursday, falling from $1071 (all values USD) to $893 in just a few hours. The big drop was believed to have been mostly triggered by the growing strength of the Chinese Yuan. Trading prices for the digital currency have skyrocketing over the past few months and recently…
Lawyers representing a group of US lottery players are filing a lawsuit against the Multi-State Lottery Association seeking refunds for cash their clients spent on lottery drawings that were rigged by one of the non-profit's employees. Papers were filed earlier this week in an Iowa district court on behalf of Dale Culler, an Burlington, Iowa-based…
Trump Taj Mahal owner Carl Icahn is planning to surrender his New Jersey gaming license this week, but he's not going to go down quietly. The billionaire investor is planting poison pills in the building's deed to make certain that if it ever becomes a casino again, he gets a cut of the action. Icahn's…
The Israeli Treasure Department is pulling the plug on a group of state-sponsored slot machines as the result of a licensing feud that just couldn't be solved. It's a move that won't have a huge impact on the Israeli gambling business, but is considered a huge win for the country's anti-gambling forces. The machines in…
A daily fantasy sports company is using a novel legal defense in an effort to squirm out of a sponsorship deal with the Minnesota Wild hockey team. Their lawyers told a federal judge that their contract with the team was null and void because daily fantasy sports are illegal in Minnesota and that a lawsuit…
An Indian entrepreneur is launching the Poker Sports League (PSL), a 12-team poker league that will be open to both established professionals and promising amateurs. The PSL is the brainchild of Amit Burman, an Indian billionaire who made his fortune in the processed food business. Teams in the PSL will compete in 70 qualifying events…
Three Russian sports betting sites are racing towards launching their products by year's end. Once operational, the three bookmakers will represent a major step forward for regulated Russian sports betting. BaltBet.ru, Bingo Boom, and Bkolimpbet.ru are all in various states of readiness as 2016 closes, but all are expected to be taking wagers by the…
Philippines President Rodrigo Duterte has announced his intention to shut down his country's entire online gambling industry. It's an unprecedented move that would cost the Philippines hundreds of millions of dollars in lost tax revenue. Duterte made his unexpected announcement while giving an unrelated speech at the ceremonial signing of his country's 2017 budget. "I…
A federal judge in California has ruled that the Iipay Nation of Santa Ysabel, a California Indian tribe, violated the Unlawful Internet Gambling Enforcement Act of 2006 (UIGEA) by offering online poker and bingo from its website. The small band, which is based outside of San Diego, launched the Desert Rose bingo site back in…
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