Pennsylvania Casino Industry Posts Record Revenues

Pennsylvania Casino Industry Posts Record Revenues

Sands Bethlehem, which grabbed the lion’s share of Pennsylvania’s record table game haul, but missed out overall to its rival that is closest, Parx Casino.

Pennsylvania’s casinos reported the best leads to their history that is nine-year for 12 months ending June 30, 2016. In line with the Pennsylvania Gaming Control Board, income from slots and table games topped $3.2 billion for the period, toppling the previous record by $86 million. Year table games revenue alone was $839 million, up nearly 8 percent on last.

Sheldon Adelson’s Sands Bethlehem could be the casino that is biggest in the state and, as expected, it took the lion’s share of table games revenue, some $228.1 million, up 12.4 percent year-on-year, and dwarfing its closest competitor, Parx Casino, which took $155 million.

Rogue Chip Smuggler

Sands achieved this figure that is impressive incidentally, despite the revelation that one of the casino’s table game supervisors ended up being charged today with removing high-domination chips from the casino secreted in her bra.

Local girl Brandy Micheli-Cheatham, 44, ended up being spotted by eagle-eyed security staff stuffing six purple potato chips, each well worth $500, into her underclothing. She admitted to your crime after being apprehended by casino staff who had initially figured she had been just pleased to see them.

Despite all the exciting interruptions down at the Sands, Adelson’s joint was not top of the

Read More

Billion-Dollar Sports Betting Ring Infiltrated by US Authorities

Billion-Dollar Sports Betting Ring Infiltrated by US Authorities

NBA Commissioner Adam Silver is certainly one voice that is prominent wishes to end gambling prohibition on professional sports, but before the law modifications prosecutors will stay going after underground sports betting rings.

Sports betting is illegal in america with Nevada being the exception that is lone but that don’t stop four men from managing a billion-dollar sports gambling operation in California and brand New York.

Brooklyn District Attorney Ken Thompson announced on June 30th that four people have been charged in a 57-count indictment with running a sports gambling ring on the net. Thompson says the group’s wire space ended up being based in San Jose, Costa Rica.

Based on Thompson, the four men collected $927 million in illegal bets during last year’s NFL period alone.

‘Illegal gambling isn’t victimless crime, it preys on peoples’ vulnerabilities and directly leads to money laundering, loansharking and a host of other crimes,’ Thompson said. ‘ This gambling that is huge, perhaps the biggest one ever become dismantled by a regional prosecutor’s office, allegedly relocated millions of bucks round the usa and also the world.’

Operation Exposed

Prosecutors allege that the combined group operated a series of password-protected websites that offered lines and wagering opportunities. Gamblers also used a toll-free hotline that is betting.

The defendants did little to conceal just what their secured websit

Read More

UFC Sold for an Eye-Gouging $4 Billion. The Fertittas have offered

UFC Sold for an Eye-Gouging $4 Billion. The Fertittas have offered UFC for $4 billion in a single of the largest deals in the history of sport.

The Ultimate Fighting Championship, which Station Casinos’ Fertitta brothers took from a fringe organization when described by John McCain as ‘human cockfighting,’ to a sports that are global, happens to be sold by the brothers for $4 billion.

The championships owner that is new US skill agency WME-IMG, which has been supported into the deal by private equity teams Silver Lake and KKR, since well as the household investment office of Michael Dell, founder of Dell computers.

The Fertittas, who will retain passive minority stakes in the organization, paid simply $2 million for the brand and its assets in 2001, at a low point for the championships.

Learning to be a Heavyweight

UFC was dogged by accusations of brutality and vilified by politicians at that time, maybe not least of that has been U.S. that is senior Senator McCain from Arizona, whom helped persuade 36 states to ban ‘no-holds-barred fighting’ and pay per view carriers to remove it from their schedules.

It had been banned in New York just before UFC 12 was due to start up, forcing organizers to find a venue that is new in Alabama. New York only lifted that ban previously this year.

But under the Fertittas’ stewardship, UFC gained a new degree of respectability as promoters worked with state athletics commissions to impose new rules that curbed a few of its previous exce

Read More