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ESSA Says Tennis Had Most Dubious Betting Patterns in Q1 2015

ESSA Says Tennis Had Most Dubious Betting Patterns in Q1 2015

Ukraine’s Denys Molchanov had been part of a match-fixing allegation at a tennis competition earlier this season.

Match repairing is amongst the biggest issues for sports fans, organizations and bookmakers alike, as nothing about sports can perhaps work without knowing that the competition has integrity.

That’s why the European Sports Security Association (ESSA) has begun monitoring and reporting on suspicious betting patterns, providing understanding of what tournaments are attracting the most unusual wagers.

Within the very first such report that is quarterly ESSA found that it absolutely was tennis that triggered both the absolute most alerts and the most suspicious activity during the first three months of 2015.

A total of 27 alerts were raised over unusual patterns that are betting tennis during those months, with 17 of them being deemed suspicious.

Tennis, Soccer Generate Bulk of Alerts

As a whole, there were 49 alerts raised during the quarter after uncommon sizes or numbers of wagers had been made on individual events. After tennis, soccer saw many suspicious activity, with 13 alerts raised and three eventually considered to be suspicious.

‘Fundamentally, betting-related match-fixing is an effort to defraud wagering operators and their clients by corrupting sporting events,’ said ESSA chairman Mike O’Kane. ‘It is an problem that triggers economic and social damage and that calls for international cross- Continue reading “ESSA Says Tennis Had Most Dubious Betting Patterns in Q1 2015”

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Alabama Bill Would Establish State Lottery and Legalize Casino Gaming

Alabama Bill Would Establish State Lottery and Legalize Casino Gaming

Republican Senate President Pro Tem Del Marsh: ”Hundreds of Alabama dollars are going to Mississippi, Florida, Tennessee and Georgia to play in their lotteries, their gambling enterprises,’ he says.

Gambling reforms are underway in Alabama because of the efforts of Republican Senate President Pro Tem Del Marsh, whose bill, SB 453, seeks to establish a state lottery as well as legalize gambling at their state’s four greyhound songs.

Del Marsh launched his push that is legislative just after a report he commissioned himself concluded that gambling expansion could generate up to $400 million for the state.

The study, carried out by the Auburn University of Montgomery, additionally unearthed that gambling expansion would create around 11,000 jobs in Alabama.

Del Marsh is promoting SB 454 as an alternative that is viable the $541 million taxation hike proposed by Governor Robert Bentley.

‘ I say allow the individuals of Alabama vote,’ proclaimed Del March. ‘The choice is clear to me: do you wish to raise fees by $700 million or do would like a lottery and casino gaming that will produce $400 million and create 11,000 jobs that are new having to raise taxes? The folks of Alabama should determine this relevant question for themselves, and nobody else.’

Alabama Dollars

The bill would notice a lottery established by the Alabama that is newly-formed Lottery, along with the creation of the Alabama Lottery and Gam Continue reading “Alabama Bill Would Establish State Lottery and Legalize Casino Gaming”

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Caesars Entertainment Money Laundering Allegations Could Cost Operator Millions in Fines

Caesars Entertainment Money Laundering Allegations Could Cost Operator Millions in Fines

Caesars is likely to pay a superb of between $12 million and $20 million for failing to implement anti-money that is proper measures at their flagship Las Vegas property.

Caesars Entertainment Corp. could be subjected to an incredible number of dollars in fines as the company tries to settle money laundering allegations it faces from the authorities. The gaming operator happens to be in talks with US authorities over how to settle the claims, which could result in a fine somewhere within the range of $12 million to $20 million.

Speaks, which were conducted between the Financial Crimes Enforcement Network (FinCEN) of the US Department for the Treasury, were most recently held on 29 and were revealed in the company’s latest Securities and Exchange Commission filing april. A federal jury that is grand in to the allegations is also ongoing.

‘The company and Caesars Palace have already been fully cooperating with both the FinCEN and jury that is grand since October 2013,’ Caesars said in its filing.

Investigation Began in 2013

Back in 2013, FinCEN first informed Caesars so it was investigating the company for alleged violations for the Bank Secrecy Act, an anti-money laundering law. During the right time, it had been unclear what, if any, penalties would emerge through the research.

FinCEN has long felt that casinos did a poor job of preventing money laundering at their establishments. Continue reading “Caesars Entertainment Money Laundering Allegations Could Cost Operator Millions in Fines”

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