gambling – News Stories About gambling - Page 11

Aug 22, 2007 2:01 PM CDT

Dubai Betting $5B on Vegas Casino Giant

Deal with MGM Mirage gives Persian Gulf state stake in gaming Mecca

(Newser) - Dubai World—a company owned by the government of the oil-rich Persian Gulf state—plans to invest up to $5.1 billion in MGM Mirage, the world's second-largest casino company, Bloomberg reports. The move would give Dubai a presence in booming Las Vegas and free up assets for MGM Mirage...

Vick Will Plead Guilty in Deal

Aug 20, 2007 2:13 PM CDT

Vick Will Plead Guilty in Deal

Star QB admits to dogfighting ring, lawyer says; could get 5 years

(Newser) - Michael Vick will plead guilty to federal charges related to a dogfighting ring, his lawyer said this afternoon, as part of a deal for leniency; the judge in the case is expected to announce the plea agreement today in Richmond. "Michael wishes to apologize to everyone who has been...

Virtual Bank Collapse Causes Real Pain

Aug 15, 2007 2:19 PM CDT

Virtual Bank Collapse Causes Real Pain

$750K losses in Second Life prompt calls for federal regulation

(Newser) - Ginko Financial, an unregulated investment bank that promised returns of up to 60%, collapsed recently, costing its customers 200 million Lindens—the currency of online virtual universe Second Life, where the bank existed. While the bank, managed by a mysterious, anonymous owner, catered only to computer-generated avatars in its 3...

Donaghy Pleads Guilty in NBA Betting Scandal

Aug 15, 2007 2:00 PM CDT

Donaghy Pleads Guilty in NBA Betting Scandal

Former referee says he was paid for picking winners correctly

(Newser) - Former NBA referee Tim Donaghy admitted to betting on games he officiated and pleaded guilty today to two gambling-related felony counts. Donaghy, who turned himself in, told a Brooklyn judge he divulged game information and his picks on NBA games to gambling associates; he was paid for correctly choosing winning...

NBA Ref Will Plead Guilty

Aug 15, 2007 3:28 AM CDT

NBA Ref Will Plead Guilty

Tim Donaghy charged with betting on NBA games he officiated

(Newser) - The former NBA referee accused of betting on league games will plead guilty today, according to an AP source. Tim Donaghy, whose lawyer declined comment, is expected to surrender in Brooklyn's federal court today. NBA commish David Stern has called Donaghy an "isolated criminal," and says his actions...

FBI Names Rogue NBA Ref

Jul 21, 2007 2:39 PM CDT

FBI Names Rogue NBA Ref

Veteran Tim Donaghy accused of mob ties, illegal bets totaling thousands of dollars

(Newser) - The FBI has officially blown the whistle on an NBA referee accused on illegal gambling. The feds are investigating claims that over the past two years veteran Tim Donaghy officiated a number of games on which he or his associates had placed bets—which might have totaled thousands of dollars....

FBI Probes Gambling Ref

Jul 20, 2007 8:00 PM CDT

FBI Probes Gambling Ref

Mafia-connected NBA official rigged games and earned big bucks over two seasons

(Newser) - The FBI is investigating an NBA referee accused of manipulating point spreads in games he officiated as part of a wider mob-orchestrated gambling ring, the New York Post reports. The official allegedly both reffed and placed bets on numerous games from 2005 to 2007 in a desperate attempt to pay...

Sites Take Bets on Tony's Life

Jun 8, 2007 8:00 AM CDT

Sites Take Bets on Tony's Life

Entertainment gamblers wager on whether capo will be sleeping with the fishes

(Newser) - Think Tony will survive Sunday's season finale of "The Sopranos"? Will Paulie "Walnuts" Gualtieri get whacked? Now you can put your money where your mozzarella is at gambling websites like Bodog.com and Betus.com. But be forewarned—an HBO spokesman says exec David Chase's acclaimed plots...

Lazy Gamblers Rent Scooters in Vegas

May 25, 2007 5:34 AM CDT

Lazy Gamblers Rent Scooters in Vegas

In the land of easy money, tourists up the ante on indolence

(Newser) - In Las Vegas, motorized scooters offer access to expansive casino floors to the elderly, the disabled—and now the lazy. For 40 chips a day, a growing number of young, healthy tourists are renting the scooters so they can hop from the slot machine to the craps table at up...

Judge Bets on New Approach

May 1, 2007 11:50 AM CDT

Judge Bets on New Approach

(Newser) - A New York judge is handing down treatment-oriented sentences to defendants whose crimes result from gambling addiction, on a model introduced to address drug and spousal abuse. Offenders willing to plead guilty can choose Justice Mark Farrell's suburban Buffalo courtroom and receive lighter sentences, along with counseling and status checks...

Atlantic City Trumps The Donald

Apr 11, 2007 7:02 AM CDT

Atlantic City Trumps The Donald

After mogul fires himself as CEO, casinos still in last place

(Newser) - Donald Trump's casinos are faltering in Atlantic City, the very seaboard Vegas the flamboyant developer helped build in the 80s and 90s. The Taj Mahal is still flush, but Trump's two other hotels are last in revenues. And analysts aren't betting on them, thanks in part to the share...