No man can be successful, unless he first loves his work.
David Sarnoff
19th October 2017  
 
  INVITE FRIENDS!
 
 
 
The Story

Cyrus Irani, the alleged ringleader behind an illegal online sports betting operation, has reached a plea deal with New York prosecutors.

 

Refresh my memory on what happened here.

Irani was among the 17 individuals who were arrested in 2015 in connection with a credit betting operation that handled wagers through the website 365action.com. The operation, according to authorities, had 2,000 customers in the U.S. and wagered a total of $32 million per year.

 

What charge is Irani facing?

Irani reportedly pleaded guilty to a criminal charge of enterprise corruption, a violation of New York’s Organized Crime Control Act.

 

He seemed to have prepared for trial.

He was. But he appeared in a New York court to enter his guilty plea. He is scheduled to be sentenced on October 26.

 

He’s going to be locked up for a long time, for sure.

The 39-year-old Irani could face up to 25 years in prison on the enterprise corruption charge, which can be applied to anyone who is employed by, participates in the criminal activity of, or intentionally acquires any interest or control of an enterprise conducting criminal activity. The complaint against Irani also stated that their operation engaged in money laundering.

 

Takeaway

Irani, being the ringleader of the operation, pays the higher price. His other co-accused saw their charges dropped or reduced to first-degree attempt to promote gambling. The buck, indeed, has stopped with Irani.

 
SHARE THIS
   
 
 
 
 
 
 
 
 
 

Becky’s Affiliated: An affiliate industry first- an affiliate takes an
affiliate program to court

In this edition of Becky’s Affiliated, Becky Liggero talks with Dave Sawyer who filed a case against ITC Ltd, the parent company of Affiliate Edge, for owing Online Casino Reviewer about £5,000.

READ MORE
   
 
 
 
 
  ASIA
Universal clueless on Okada Manila backdoor listing plan

Japanese gaming conglomerate Universal Entertainment Corp. said that it is unaware of Kazuo Okada’s plan to buy a publicly listed company in the Philippines for its debut in the Philippine Stock Exchange.

READ MORE
   
 
  AUSTRALIA
Aussie crossbench duo back online poker legalization

Crossbench senators David Leyonhjelm and Cory Bernardi have expressed their support for the legalization of poker in Australia, saying that the game is a “low-risk activity.”

READ MORE
   
 
  EUROPE
Olympic Entertainment defends threatened Latvian slots halls

Eastern European gambling operator Olympic Entertainment Group is fighting the Riga city government’s order to shut down gambling halls within the city’s historic center district.

READ MORE
   
 
 
 
 
 
  FACT YOU NEED TO KNOW
 

Lotteries generated $18.2 billion in revenue for states in fiscal 2015, or 66% of total gambling revenue for states. Commercial casinos and “racinos” (casinos at race tracks) generated $8.7 billion for states, or 31% of gambling revenue.

 
  WORD OF THE DAY
 

Churn Rate – measures how many customers you retain and at what value. To calculate churn rate, take the number of customers you lost during a certain time frame, and divide that by the total number of customers you had at the very beginning of that time frame.

 
 
 
 
 
 
 

Aristocrat to install Oasis 360™ System at new Rain Rock Casino

Aristocrat Technologies Inc.has won a contract to install its award-winning Oasis 360™ casino management system at the soon-to-open Rain Rock Casino.

READ MORE
   
 
 
 

Congratulations to David Greyling for being appointed as the new Chief Operating Officer of FunFair! Greyling was previously the International Managing Director at William Hill.

 
  DAMN IT! SHARE IT
 
Want to be a guest contributor?
Email bill@calvinayre.com
 
 
You are receiving this because you are subscribed to CalvinAyre.com If you want to unsubscribe click here