Tag Archives: US Department of Justice
- Legendz operative pleads guilty to conspiracy; sentencing set for February
October 10, 2013
An operative for the now shut down online sports betting operator Legendz Sports has agreed to waive grand jury indictment and instead plead guilty to conspiracy to commit money laundering stemming from his role in the illegal sports betting operation. 52-year old Philip Gurian worked for Legendz Sports and was...
- Investing The Hard Way: How and Why Penn National is Splitting Up
November 19, 2012
It really is a big deal for the casino industry. On Friday, shares in Penn National Gaming (PENN) rose 28.2% after the company announced plans to spin off the ownership interest in most of its casinos into a real estate investment trust, or REIT. The new REIT will own Penn's...
- Can Zynga and bwin.Party Save Each Other?
October 29, 2012
We will finally get to see. After months of speculation about whether Zynga (ZNGA) could turn its social gaming platform into a real-money gambling outfit, the developer of Facebook games such as Mafia Wars and Farmville looks set to enter the UK market early next year. Zynga this week signed...
- US DOJ Confirms it’s possession of Absolute’s Poker Platform
September 25, 2012
The US Department of Justice confirmed it has a copy of the Absolute Poker software platform. PokerFuse.com reported that DOJ Attorney Jason H. Cowley, who is working under lead prosecutor Preet Bharara, received the software from Quad Dimensions; the Korean software developers tasked with servicing the platform for the indicted...
- Full Tilt Poker sold to PokerStars after DOJ approves of deal
July 31, 2012
Full Tilt Poker has come to an agreement with both PokerStars and the United States Department of Justice that will see the firm acquired by Stars. Rumors had been swirling around for much of the day that a deal would be reached soon and the news was confirmed by a...
- Jan Jones of Caesars Entertainment talks about US Gaming Regulation and the Asian Market
June 12, 2012
Get the Embed Codes Here Caesars Entertainment exec VP Jan Jones says there’s one incontrovertible fact about gambling legislation. Regardless of whether it involves land-based or online gambling, it’s “just nothing that ever happens easily or quickly.” Domestically, Caesars has been one of the biggest spenders on lobbying US...
Caesars, Gamblit testing skill-based games in Las Vegas
March 30, 2017
Pats owner’s casino ties expose NFL’s gambling hypocrisy
April 25, 2017