Gambling is the future on the internet. You can only look at so many dirty pictures. --Simon Noble |
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15th May 2017 | SHARE THIS | ||
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The Story | |||
The former CEO of online sportsbook Legendz Sports Bartice ‘Luke’ King was sentenced to five years of probation, of which the first five months will be spent under house arrest at King’s home in Texas. And he’s got the judge to thank for not putting him in stripes. |
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Interesting. Please elaborate on that. |
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King, who was convicted in 2015 on charges of illegal gambling and money laundering conspiracy, was supposed to face up to 41 months in prison. However, US District Judge Stephen Friot did not send King to jail, saying that sports betting isn’t a bane to the society at large. He also cited a letter of a jury foreman who wanted King to undergo probation. |
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What did the letter say about King? |
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The jury foreman, in his letter, said that he saw “no threat to society” in granting the King probation. He added that “no one was physically harmed and nobody was forced to place bets.” |
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The judge really saved King’s ass. |
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Yup. Aside from that, Friot slammed the DOJ for having engaged in “disheartening” conduct during both its investigation and prosecution of King’s case. He also asked King to pay $12.6 million in penalties instead of the $222 million in cash and other items that the government sought. |
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Takeaway | |||
With the judge’s unorthodox view on sports betting, there’s still salvation for convicts like King. |
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Steve Wolstenholme: The Philippines could benefit from Japan casino market | |||
Back by unpopular demand The Industry Eye examines Australia, Zynga, NetEnt & William Hill. | |||
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Genting Singapore Q1 net profit hits 2.5-year high on Jeju resort share sale | |||
Thanks to its sale of its Jeju resort shares, casino operator Genting Singapore Plc. swings to a 17-fold net profit increase in the first three months of 2017. |
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PIRC attacks Paddy Power Betfair exit deals anew | |||
Advisory group PIRC has called on the Paddy Power company shareholders to abstain from voting on the company’s remuneration report due to “concerns over termination arrangements.” |
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Atlantic City casinos suffer April dip as tables play unlucky | |||
Atlantic City’s brick-and-mortar gaming revenue for the month of April feel, marking this year’s first monthly revenue decline. |
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In 2007, referee Tim Donaghy revealed that NBA allegedly asked referees to influence the results of the 2002 Western Conference Finals between the Los Angeles Lakers and Sacramento Kings to force it to seven games. Lakers won, 112-106. |
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Don’t schedule meetings before lunch. It’s either you’re hungover or the person you’re meeting with is, so they will cancel on you. |
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Handicapping - A term in sports betting where a bettor attempts to predict the outcome of sporting events. |
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One more day until AGawards | |||
With only one more day until Asia Gaming Awards 2017, held at the Parisian Macao, the industry is closely scoping who will be the winners of this year’s prestigious awards. | |||
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Spurs fans, you have got to keep the faith. San Antonio Spurs and Golden State Warriors clashed for Game 1 of the NBA Western Conference Finals. Warriors won, 113-111. Game 2 is on May 16. |
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