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Study’s Surprising Results Indicate Overall Loss in Poker Wins

Dec 18, 2011 - by admin
Online Poker Study

Cornell University Student, Kyle Siler, did a massive sociologic study based on 27 million hands of poker and the ratios of wins and losses which can also be attributed to everyday life. According to his results, the more poker wins a player has, the more he/she is likely to lose.

Time: How Winning Can Mean Losing — in Poker and in Life

One can learn a lot about gambling by analyzing 27 million hands of online poker. Cornell University’s Kyle Siler has done just that. His findings: the more hands you win, the more money you’re likely to lose — and this proves true well beyond a game of cards.

Siler wasn’t interested in just poker, but in the idea of how people handle risk, reward and payoffs. Gambling is perfect for studying these factors — and a rich pool of data can be found on the Internet, where millions can play at once and transactions are easy to observe and record.

To gather data, Siler used a software, PokerTracker, and made it collect and collate information on small- medium- and large-stakes games. While crunching the information, he found the strange, inverse relationship between the number of hands won and the amount of money lost. He also noticed that it was novice players who lost the most.

The reason: a majority of wins tallied were for small stakes. The longer new players played the more confident they got, and the likelier they were to lose one or a few big hands. “People overweigh their frequent small gains vis-à-vis occasional large losses,” Siler says.

Investing, driving, buying a house and merely crossing the street are all acts that involve discernible risks and uncertain rewards. The more small returns you get from small investments, the likelier you are to make, and lose, a big investment.

Walking away from a poker table can be easy, but walking away from life — and all the risks and rewards it presents you — isn’t an option. In both venues, the rule should be the same: gamble only what you can afford to lose — and know when you’re approaching those stakes.

USA Today: Poker wins often lead to bigger losses, study says

In a Journal of Gambling Studies report, Cornell University sociologist, Kyle Siler, observed 27 million online poker hands from the past 2 years, to find that winning lots of small stakes ends up losing to bigger losses. Siler analyzed data on 300,000 poker players playing styles to winnings, and found an, “increased proportion of aggressive players as one moves up stakes.”

Given the huge role of luck in delivering big payoffs and big losses, the best poker players must learn to keep winning or losing in stride. An amateur poker player, Siler says his study helped calm his play at the card table.

Science Daily: Online Poker Study: The More Hands You Win, the More Money You Lose

A new Cornell study of online poker seems counterintuitive: The more hands players win, the less money they’re likely to collect, especially when it comes to novice players. The likely reason, said Cornell sociology student Kyle Siler, is that multiple wins are likely for small stakes, but the more you play, the more likely you will eventually lose big losses.

Siler said, “people overweigh their frequent small gains vis-à-vis occasional large losses in everyday life.” In other words, players feel positively reinforced by their streak of wins but don’t understand how occasional large losses offset their gains.

The research not only examined poker, but also “speaks to how humans handle risk and uncertainty,” said Siler, whose look at online poker combines aspects of behavioral economics, economic sociology and social science theory. “Riskiness may be profitable, but also increases the variance and uncertainty of payoffs.

In online poker, a multibillion dollar industry, Siler concluded that the biggest opponent for many players may be themselves, “given the challenges of optimizing one’s mindset and strategies, both in the card game and the meta-games of psychology, rationality and socio-economic arbitrage which hover beneath it,” he said.

People must realize that their limits and understand that big losses offset multiple small gains when dealing with internet gambling and life in general.

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Online Poker Study

Cornell University Student, Kyle Siler, did a massive sociologic study based on 27 million hands of poker and the ratios of wins and losses which can also be attributed to everyday life. According to his results, the more poker wins a player has, the more he/she is likely to lose.

Time: How Winning Can Mean Losing — in Poker and in Life

One can learn a lot about gambling by analyzing 27 million hands of online poker. Cornell University’s Kyle Siler has done just that. His findings: the more hands you win, the more money you’re likely to lose — and this proves true well beyond a game of cards.

Siler wasn’t interested in just poker, but in the idea of how people handle risk, reward and payoffs. Gambling is perfect for studying these factors — and a rich pool of data can be found on the Internet, where millions can play at once and transactions are easy to observe and record.

To gather data, Siler used a software, PokerTracker, and made it collect and collate information on small- medium- and large-stakes games. While crunching the information, he found the strange, inverse relationship between the number of hands won and the amount of money lost. He also noticed that it was novice players who lost the most.

The reason: a majority of wins tallied were for small stakes. The longer new players played the more confident they got, and the likelier they were to lose one or a few big hands. “People overweigh their frequent small gains vis-à-vis occasional large losses,” Siler says.

Investing, driving, buying a house and merely crossing the street are all acts that involve discernible risks and uncertain rewards. The more small returns you get from small investments, the likelier you are to make, and lose, a big investment.

Walking away from a poker table can be easy, but walking away from life — and all the risks and rewards it presents you — isn’t an option. In both venues, the rule should be the same: gamble only what you can afford to lose — and know when you’re approaching those stakes.

USA Today: Poker wins often lead to bigger losses, study says

In a Journal of Gambling Studies report, Cornell University sociologist, Kyle Siler, observed 27 million online poker hands from the past 2 years, to find that winning lots of small stakes ends up losing to bigger losses. Siler analyzed data on 300,000 poker players playing styles to winnings, and found an, “increased proportion of aggressive players as one moves up stakes.”

Given the huge role of luck in delivering big payoffs and big losses, the best poker players must learn to keep winning or losing in stride. An amateur poker player, Siler says his study helped calm his play at the card table.

Science Daily: Online Poker Study: The More Hands You Win, the More Money You Lose

A new Cornell study of online poker seems counterintuitive: The more hands players win, the less money they’re likely to collect, especially when it comes to novice players. The likely reason, said Cornell sociology student Kyle Siler, is that multiple wins are likely for small stakes, but the more you play, the more likely you will eventually lose big losses.

Siler said, “people overweigh their frequent small gains vis-à-vis occasional large losses in everyday life.” In other words, players feel positively reinforced by their streak of wins but don’t understand how occasional large losses offset their gains.

The research not only examined poker, but also “speaks to how humans handle risk and uncertainty,” said Siler, whose look at online poker combines aspects of behavioral economics, economic sociology and social science theory. “Riskiness may be profitable, but also increases the variance and uncertainty of payoffs.

In online poker, a multibillion dollar industry, Siler concluded that the biggest opponent for many players may be themselves, “given the challenges of optimizing one’s mindset and strategies, both in the card game and the meta-games of psychology, rationality and socio-economic arbitrage which hover beneath it,” he said.

People must realize that their limits and understand that big losses offset multiple small gains when dealing with internet gambling and life in general.

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Ladbrokes Refuses to pay £7.1 Million Over White Christmas Due to “Error”

Dec 18, 2011 - by admin
Ladbrokes Refuses to Pay Christmas Snow Winnings

Fifty-two year old Cliff Bryant, placed several accumulator bets on whether cities in Britain would enjoy a White Christmas, and won all of them bringing his winnings to £7.1 million. Ladbrokes, the betting site where he placed the bet, is refusing to pay out this sum on account of the bets being accumulators instead of singles.

Press Association: No £7.1m payout after bet ‘error’

Bookmaker Ladbrokes refuses to pay off a bet worth £7.1 million to a man who wagered snow would fall on Christmas because it was accepted by mistake. Cliff Bryant placed 2 £5 accumulators on snow fall across 24 British Cities on December 25.

Ladbrokes staff accepted the bet by mistake as the company rules state such a wager can only be a single bet. The first accumulator would’ve netted Mr. Bryant over £4.9 million, the second £2.23 million. The company honored the relevant single bets and paid out a lesser £31.78 instead. They’ve since apologized for the mistake.

Mr. Bryant is seeking legal advice over the error and says he was “gutted” by the decision. He urged the company to make rules clearer. A Ladbrokes spokesman said company rules state “snow at Christmas” bets must be singles only, rather than accumulators.

Reuters: Bookie refuses to pay out £7 million on snow bet

Cliff Bryant placed 2 £5 accumulator bets that snow would fall on 24 towns and cities across the north of England on Christmas. Now he’s being refused the £7.1 million payout he won.

“We have apologized to the customer for any confusion and for mistakenly accepting an accumulator bet when our own rules state that only single bets are available on a market of this nature,” said a Ladbrokes spokesman. “We are happy to void the bets and to pay the customer his winnings on the relevant singles.” That would be a mere £32.

The graphic designer from Southampton, says he was “gutted” and will seek legal advice. He claims the 1st bet would have won him 4.9 million pounds, with the second adding 2.2 million. “If I make a mistake in my work like that it costs me dearly and I think the offer should be a lot more generous than they have made.”

Ladbrokes gave Bryant details of the Independent Betting Adjudication Service (IBAS), an neutral adjudicator that deals with gambling operators and customers disagreements.

Danny Cracknell, an IBAS manager, told Reuters that Bryant had been in contact and they would be investigating the issue once he had completed the relevant forms.

Mirror.co.uk: Punter furious after bookies refuse to pay out on £7m white Christmas bet

A UK punter thought he won £7million betting on a white Christmas and ended up with just £31. Cliff Bryant spent £10 on 2 accumulator bets that 24 UK cities would see snow fall on Christmas. All of his predictions were correct but he was later told that his wager was invalid.

Company rules say accumulators, a series of linked bets, can’t be placed on the chances of a white Christmas. Cliff received the winnings he would have got had he placed 24 single bets. The dad-of-three, said: “My heart was beating fast when I thought I’d won but now I’m absolutely fuming. If I’d been paid I would have loved to have got my teeth done.”

A Ladbrokes spokesman said: “We apologize that a bet was taken in error. We intend to talk to Mr. Cliff to see if we can make it up to him.”

Cliff Bryant would’ve made over £7 million this Christmas but Ladbrokes claims that his bets were invalid and will award him only £31 due to the mishap.

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Ladbrokes Refuses to Pay Christmas Snow Winnings

Fifty-two year old Cliff Bryant, placed several accumulator bets on whether cities in Britain would enjoy a White Christmas, and won all of them bringing his winnings to £7.1 million. Ladbrokes, the betting site where he placed the bet, is refusing to pay out this sum on account of the bets being accumulators instead of singles.

Press Association: No £7.1m payout after bet ‘error’

Bookmaker Ladbrokes refuses to pay off a bet worth £7.1 million to a man who wagered snow would fall on Christmas because it was accepted by mistake. Cliff Bryant placed 2 £5 accumulators on snow fall across 24 British Cities on December 25.

Ladbrokes staff accepted the bet by mistake as the company rules state such a wager can only be a single bet. The first accumulator would’ve netted Mr. Bryant over £4.9 million, the second £2.23 million. The company honored the relevant single bets and paid out a lesser £31.78 instead. They’ve since apologized for the mistake.

Mr. Bryant is seeking legal advice over the error and says he was “gutted” by the decision. He urged the company to make rules clearer. A Ladbrokes spokesman said company rules state “snow at Christmas” bets must be singles only, rather than accumulators.

Reuters: Bookie refuses to pay out £7 million on snow bet

Cliff Bryant placed 2 £5 accumulator bets that snow would fall on 24 towns and cities across the north of England on Christmas. Now he’s being refused the £7.1 million payout he won.

“We have apologized to the customer for any confusion and for mistakenly accepting an accumulator bet when our own rules state that only single bets are available on a market of this nature,” said a Ladbrokes spokesman. “We are happy to void the bets and to pay the customer his winnings on the relevant singles.” That would be a mere £32.

The graphic designer from Southampton, says he was “gutted” and will seek legal advice. He claims the 1st bet would have won him 4.9 million pounds, with the second adding 2.2 million. “If I make a mistake in my work like that it costs me dearly and I think the offer should be a lot more generous than they have made.”

Ladbrokes gave Bryant details of the Independent Betting Adjudication Service (IBAS), an neutral adjudicator that deals with gambling operators and customers disagreements.

Danny Cracknell, an IBAS manager, told Reuters that Bryant had been in contact and they would be investigating the issue once he had completed the relevant forms.

Mirror.co.uk: Punter furious after bookies refuse to pay out on £7m white Christmas bet

A UK punter thought he won £7million betting on a white Christmas and ended up with just £31. Cliff Bryant spent £10 on 2 accumulator bets that 24 UK cities would see snow fall on Christmas. All of his predictions were correct but he was later told that his wager was invalid.

Company rules say accumulators, a series of linked bets, can’t be placed on the chances of a white Christmas. Cliff received the winnings he would have got had he placed 24 single bets. The dad-of-three, said: “My heart was beating fast when I thought I’d won but now I’m absolutely fuming. If I’d been paid I would have loved to have got my teeth done.”

A Ladbrokes spokesman said: “We apologize that a bet was taken in error. We intend to talk to Mr. Cliff to see if we can make it up to him.”

Cliff Bryant would’ve made over £7 million this Christmas but Ladbrokes claims that his bets were invalid and will award him only £31 due to the mishap.

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UK to license, regulate foreign gambling operators

Dec 17, 2011 - by admin
UK Online Gambling Commission

Talks of a new way of going about dealing with offshore online gambling operators are now circulating. Under the proposed changes, foreign operators would be required to obtain licenses from the UK Gambling Commission, and to comply with British gambling laws. The issue of taxing foreign operators has not been mentioned.

The Times: Overseas online gambling groups will need license

Foreign internet gambling companies that target British gamblers will soon require a license according to a proposal released yesterday by the Department for Culture, Media and Sport (DCMS).

Sports Minister Gerry Sutcliffe admitted only a few of the biggest overseas gambling operators that target British players are forced to comply with the Gambling Commission’s regulations. The proposed system would require online gambling operators licensed outside Britain to apply for a license from the Gambling Commission before they could legally offer their services to British players.

An additional rule would require any company that targets British players to record information about suspicious betting patterns, and to share it with UK sports bodies and with the Gambling Commission.

The Government is also looking into ways of securing levy contributions from overseas operators, which has been a concern since UK companies Ladbrokes and William Hill moved offshore. The issue of tax, however, has yet to be mentioned.

The Guardian: Online betting faces regulation overhaul

The British government will soon overhaul the problematic online gambling tax by tightening regulation of offshore operators.

The change is influenced in part by the recent successes of online gambling regulation in other European Union countries.

“Online gambling has changed significantly in recent years with many European countries taking new approaches to regulation,” says Sports Minister Gary Sutcliffe. “It would be wrong of us to stand still where things are changing around us.”

The proposed changes may see the Gambling Commission issuing individual licenses to online gambling operators, with license fees contributing to the cost of gambling regulation and the treatment of gambling addictions.

Sutcliffe’s announcement comes shortly after Ladbrokes and William Hill, fed up with UK tax policy, announced plans to move their operations to offshore tax havens.

Because one of Gordon Brown’s last moves as chancellor was to bump the tax rate for internet gambling firms to 15% of gross profits, no poker or casino sites conduct their UK business through a Gambling Commission license or pay tax here.

According to a Treasury spokesperson: “The focus of the Department for Culture, Media and Sport (DCMS) review was on the regulation – not taxation – of remote gambling … The Treasury will continue to work with DCMS to ensure that any implications for tax policy, arising from the proposals, are properly considered.”

The Independent: Plans to regulate offshore gambling websites

The British government today revealed to regulate foreign gambling websites that target UK customers.

Sports Minister Gerry Sutcliffe revealed that the new rules will require all foreign operators that cater to British players to be licensed by the UK Gambling Commission and follow UK gambling laws.

Under the proposed changes (which are still being discussed), all offshore gambling operators targeting the British market will have to comply with the Gambling Act and will be required to report suspicious wagering patterns to the Gambling Commission and to sport governing bodies.

Licensed foreign operators will also have to comply with British license regulations, such the protection of children against gambling, and will be required demonstrate how they can contribute to lessening problem gambling in Britain.

In a statement to Parliament, Mr Sutcliffe revealed that few companies active in the British market are now regulated by the Gambling Commission. “Though British consumers are not unprotected – most overseas jurisdictions have regulatory systems – standards vary and requirements differ from our own.”

Several UK bookmakers recently chose to shift their online businesses overseas to avoid UK taxes; this is one of the driving forces behind the recent talks.

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UK Online Gambling Commission

Talks of a new way of going about dealing with offshore online gambling operators are now circulating. Under the proposed changes, foreign operators would be required to obtain licenses from the UK Gambling Commission, and to comply with British gambling laws. The issue of taxing foreign operators has not been mentioned.

The Times: Overseas online gambling groups will need license

Foreign internet gambling companies that target British gamblers will soon require a license according to a proposal released yesterday by the Department for Culture, Media and Sport (DCMS).

Sports Minister Gerry Sutcliffe admitted only a few of the biggest overseas gambling operators that target British players are forced to comply with the Gambling Commission’s regulations. The proposed system would require online gambling operators licensed outside Britain to apply for a license from the Gambling Commission before they could legally offer their services to British players.

An additional rule would require any company that targets British players to record information about suspicious betting patterns, and to share it with UK sports bodies and with the Gambling Commission.

The Government is also looking into ways of securing levy contributions from overseas operators, which has been a concern since UK companies Ladbrokes and William Hill moved offshore. The issue of tax, however, has yet to be mentioned.

The Guardian: Online betting faces regulation overhaul

The British government will soon overhaul the problematic online gambling tax by tightening regulation of offshore operators.

The change is influenced in part by the recent successes of online gambling regulation in other European Union countries.

“Online gambling has changed significantly in recent years with many European countries taking new approaches to regulation,” says Sports Minister Gary Sutcliffe. “It would be wrong of us to stand still where things are changing around us.”

The proposed changes may see the Gambling Commission issuing individual licenses to online gambling operators, with license fees contributing to the cost of gambling regulation and the treatment of gambling addictions.

Sutcliffe’s announcement comes shortly after Ladbrokes and William Hill, fed up with UK tax policy, announced plans to move their operations to offshore tax havens.

Because one of Gordon Brown’s last moves as chancellor was to bump the tax rate for internet gambling firms to 15% of gross profits, no poker or casino sites conduct their UK business through a Gambling Commission license or pay tax here.

According to a Treasury spokesperson: “The focus of the Department for Culture, Media and Sport (DCMS) review was on the regulation – not taxation – of remote gambling … The Treasury will continue to work with DCMS to ensure that any implications for tax policy, arising from the proposals, are properly considered.”

The Independent: Plans to regulate offshore gambling websites

The British government today revealed to regulate foreign gambling websites that target UK customers.

Sports Minister Gerry Sutcliffe revealed that the new rules will require all foreign operators that cater to British players to be licensed by the UK Gambling Commission and follow UK gambling laws.

Under the proposed changes (which are still being discussed), all offshore gambling operators targeting the British market will have to comply with the Gambling Act and will be required to report suspicious wagering patterns to the Gambling Commission and to sport governing bodies.

Licensed foreign operators will also have to comply with British license regulations, such the protection of children against gambling, and will be required demonstrate how they can contribute to lessening problem gambling in Britain.

In a statement to Parliament, Mr Sutcliffe revealed that few companies active in the British market are now regulated by the Gambling Commission. “Though British consumers are not unprotected – most overseas jurisdictions have regulatory systems – standards vary and requirements differ from our own.”

Several UK bookmakers recently chose to shift their online businesses overseas to avoid UK taxes; this is one of the driving forces behind the recent talks.

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$87.5 Million Casino Raid Halted by Judge in the Middle of the Night

Dec 17, 2011 - by admin
Gambling in Alabama, USA

The controversial issue of casino gambling in Alabama came to a peak when the state’s governor, Bob Riley, ordered a raid on a new $87.5 million casino in the middle of the night and the action was halted in its tracks by a judges blocking order.

LA Times: Judge halts state raid of $87M bingo casino in latest round of Alabama’s fight over gambling

Near 40 Alabama state troopers gathered before sunrise, Wednesday, for a Gov. Bob Riley approved raid. The target: bingo machines at a new, allegedly illegal, $87 million casino near Dothan.

Local officials moved quickly to defend the targeted site, going to a judge’s home after midnight to get an order blocking the raid. The order was given to police before they could seize the 1,700 electronic bingo machines at Country Crossing.

County Commissioner Mark Culver denounced the Governor’s Task Force on Illegal Gambling’s attempt to shut down the bingo and entertainment complex, which created 1,300 jobs in the struggling community.

Bill Eadington, a University of Nevada at Reno gambling expert, said Alabama casino investors relied on questionable laws to build, but casinos are hard to close when restaurants and hotels, that produce lots of jobs, are added.

ABC News: Judge Halts State Raid of Big Alabama Bingo Center

A rural Alabama county hungry for economic development staved off a state raid on a new bingo and entertainment center despite Bob Riley’s wishes to close it. The county won a middle-of-the-night court order barring the raid as agents from the governor’s anti-gambling task force massed near Country Crossing, an $87 million complex near Dothan.

Houston County Commissioner Mark Culver got the order from a judge’s home at 1:30 a.m. delivered it to the Governor’s Task Force on Illegal Gambling assembling for a pre-dawn raid. He was trying to save 1,300 jobs in a county with 8.7 percent unemployment.

The Houston County Commission approved the construction of Country Crossing in 2008 and created a method for it to issue up to $70 million in bonds for construction. Country Crossing sought to stop the raid, claiming it would harm the bond issue that’s supposed to be paid off with bingo revenue.

Alabama gambling centers have been expanding with restaurants and other attractions and portraying themselves as economic development projects providing needed jobs in a recession.

AP News: Midnight order halts Ala. raid of $87M casino

A Gov. Riley approved raid on bingo machines at a new, $87 million casino by himself was stopped before dawn on Wednesday by judge’s order blocking it. Houston County Commissioner Mark Culver secured the judge’s approval and signature.

It was a blow for the governor in Alabama’s odd, ongoing struggle for control over the state’s mushrooming gambling industry. Culver said, “We are going to do everything we can to protect the jobs of the people of Houston County,” in reference to the incident. The governor claims the machines are illegal and simply an attempt to compete with Mississippi’s coastal casinos.

Circuit Judge P.B. McLauchlin agreed that seizing the machines “would do irreparable harm” to the bond transaction and blocked any raid pending a court hearing Jan. 20.

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Gambling in Alabama, USA

The controversial issue of casino gambling in Alabama came to a peak when the state’s governor, Bob Riley, ordered a raid on a new $87.5 million casino in the middle of the night and the action was halted in its tracks by a judges blocking order.

LA Times: Judge halts state raid of $87M bingo casino in latest round of Alabama’s fight over gambling

Near 40 Alabama state troopers gathered before sunrise, Wednesday, for a Gov. Bob Riley approved raid. The target: bingo machines at a new, allegedly illegal, $87 million casino near Dothan.

Local officials moved quickly to defend the targeted site, going to a judge’s home after midnight to get an order blocking the raid. The order was given to police before they could seize the 1,700 electronic bingo machines at Country Crossing.

County Commissioner Mark Culver denounced the Governor’s Task Force on Illegal Gambling’s attempt to shut down the bingo and entertainment complex, which created 1,300 jobs in the struggling community.

Bill Eadington, a University of Nevada at Reno gambling expert, said Alabama casino investors relied on questionable laws to build, but casinos are hard to close when restaurants and hotels, that produce lots of jobs, are added.

ABC News: Judge Halts State Raid of Big Alabama Bingo Center

A rural Alabama county hungry for economic development staved off a state raid on a new bingo and entertainment center despite Bob Riley’s wishes to close it. The county won a middle-of-the-night court order barring the raid as agents from the governor’s anti-gambling task force massed near Country Crossing, an $87 million complex near Dothan.

Houston County Commissioner Mark Culver got the order from a judge’s home at 1:30 a.m. delivered it to the Governor’s Task Force on Illegal Gambling assembling for a pre-dawn raid. He was trying to save 1,300 jobs in a county with 8.7 percent unemployment.

The Houston County Commission approved the construction of Country Crossing in 2008 and created a method for it to issue up to $70 million in bonds for construction. Country Crossing sought to stop the raid, claiming it would harm the bond issue that’s supposed to be paid off with bingo revenue.

Alabama gambling centers have been expanding with restaurants and other attractions and portraying themselves as economic development projects providing needed jobs in a recession.

AP News: Midnight order halts Ala. raid of $87M casino

A Gov. Riley approved raid on bingo machines at a new, $87 million casino by himself was stopped before dawn on Wednesday by judge’s order blocking it. Houston County Commissioner Mark Culver secured the judge’s approval and signature.

It was a blow for the governor in Alabama’s odd, ongoing struggle for control over the state’s mushrooming gambling industry. Culver said, “We are going to do everything we can to protect the jobs of the people of Houston County,” in reference to the incident. The governor claims the machines are illegal and simply an attempt to compete with Mississippi’s coastal casinos.

Circuit Judge P.B. McLauchlin agreed that seizing the machines “would do irreparable harm” to the bond transaction and blocked any raid pending a court hearing Jan. 20.

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Illegal Gambling at Cockfights in Texas Result in 150 Arrests

Dec 16, 2011 - by admin

Internet illegal gambling in United States - GamingZion

A total of 169 individuals were arrested during a police raid on an illegal gambling on cockfighting competition in Texas including children as young as seven.

They will receive varying charges according to their activities on site. Children were released to relatives and 118 fighting cocks will be exterminated due to the ruling of a judge on the matter.

Illegal gambling and illegal cockfights

Police raided an illegal gambling cockfight in a small town near Fort Worth, TX, and arrested 169 viewers (among whom 15 children as young as 7 were present) and cock owners, and seized over 100 roosters condemned to fight to the death.Cockfighting is illegal in 39 states including Texas, and an illegal gambling misdemeanor in the remaining 11, but it continues to flourish.

Steroids , illegal gambling and other supplements are often given to the birds to heighten aggression. Sometimes metal knives are strapped to their legs to ensure that fights end in the death. Law enforcement authorities say that cockfighting rings are often tied up in drug smuggling and money laundering rackets.

Illegal gambling cockfights often have up to $30,000 purses riding on them. Owners pay about $300 to enter a bird for an event, and spectators pay a further $30 to enter. Last month saw several raids on fights around the US.

Authorities in Texas said 169 people were arrested and 114 roosters were seized during a raid on a local cockfight. Saturday afternoon’s raid occurred after authorities kept the site under surveillance for two weeks.

County Sheriff Larry Fowler said charges will vary among those arrested in the area barn but illegal gambling will be one of them. “The people who were arrested for illegal gambling will go before a judge and be charged with a gambling offense,” Fowler said. “We will look into charging some who were arrested with federal charges. A charge of engaging in organized crime is a possibility for some.”

The Star-Telegram said authorities found a number of dead and injured roosters at the cockfighting site, along with an unspecified amount of drugs and money.

Over 100 Arrested in Cockfighting Bust

Over 100 people were arrested as of Saturday night after police raided an illegal gambling rooster fight.  The Parker County Sheriff’s department found over 100 birds, injured and dead, along with drugs and children abandoned by fleeing parents as officers raided the scene.  The kids were taken into the custody of Child Protective Services while dozens of adults were sent to jail.

Cockfighting is a crime Sheriff Fowler says he’s never seen in Parker County.  Those arrested will face gambling charges and possibly felony charges for their involvement in the cockfighting operation.

Texans illegal gambling on a illegal cockfight that was raided Saturday leading to the arrest of 169 people were arrested, amongst them children as young as 7.

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A total of 169 individuals were arrested during a police raid on an illegal gambling on cockfighting competition in Texas including children as young as seven.

They will receive varying charges according to their activities on site. Children were released to relatives and 118 fighting cocks will be exterminated due to the ruling of a judge on the matter.

Illegal gambling and illegal cockfights

Police raided an illegal gambling cockfight in a small town near Fort Worth, TX, and arrested 169 viewers (among whom 15 children as young as 7 were present) and cock owners, and seized over 100 roosters condemned to fight to the death.Cockfighting is illegal in 39 states including Texas, and an illegal gambling misdemeanor in the remaining 11, but it continues to flourish.

Steroids , illegal gambling and other supplements are often given to the birds to heighten aggression. Sometimes metal knives are strapped to their legs to ensure that fights end in the death. Law enforcement authorities say that cockfighting rings are often tied up in drug smuggling and money laundering rackets.

Illegal gambling cockfights often have up to $30,000 purses riding on them. Owners pay about $300 to enter a bird for an event, and spectators pay a further $30 to enter. Last month saw several raids on fights around the US.

Authorities in Texas said 169 people were arrested and 114 roosters were seized during a raid on a local cockfight. Saturday afternoon’s raid occurred after authorities kept the site under surveillance for two weeks.

County Sheriff Larry Fowler said charges will vary among those arrested in the area barn but illegal gambling will be one of them. “The people who were arrested for illegal gambling will go before a judge and be charged with a gambling offense,” Fowler said. “We will look into charging some who were arrested with federal charges. A charge of engaging in organized crime is a possibility for some.”

The Star-Telegram said authorities found a number of dead and injured roosters at the cockfighting site, along with an unspecified amount of drugs and money.

Over 100 Arrested in Cockfighting Bust

Over 100 people were arrested as of Saturday night after police raided an illegal gambling rooster fight.  The Parker County Sheriff’s department found over 100 birds, injured and dead, along with drugs and children abandoned by fleeing parents as officers raided the scene.  The kids were taken into the custody of Child Protective Services while dozens of adults were sent to jail.

Cockfighting is a crime Sheriff Fowler says he’s never seen in Parker County.  Those arrested will face gambling charges and possibly felony charges for their involvement in the cockfighting operation.

Texans illegal gambling on a illegal cockfight that was raided Saturday leading to the arrest of 169 people were arrested, amongst them children as young as 7.

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Poker Playing Priest Wins and Donates $100K to Catholic Church

Dec 16, 2011 - by admin
Catholic Poker Playing Priest

Poker Playing Priest

Poker playing priest is the new nick name of a Catholic paint-ball playing Father Andrew Trapp who made big news recently for his appearance on Poker Stars Million Dollar Challenge. Not only did the poker playing priest appear, but he almost made it through the last round. Though he didn’t win, he was able to raise $100,000 toward the construction of a new church in South Carolina.

Church celebrates as priest wins $100K in poker tourney

St. Michael Catholic Church in Garden City Beach needs over $1 million to build a new church. Father Andrew Trapp made a dent in that figure by winning $100,000 in the Poker Stars Million Dollar Challenge televised poker tournament.

Trapp’s final episode aired Sunday, and was watched by he and dozens of fellow church members at St. Michael’s. Trapp said he hopes his brief television fame shows people that priests are normal people. “This is an opportunity, hopefully, for people to see a young guy that’s a priest, that’s normal, that can have fun, have friends and try to do something great for the church.”

South Carolina’s Poker Playing Priest wins $100,000

Poker Stars Million Dollar Challenge left audiences stunned in October when S.Carolina poker playing priest Father Andrew Trapp beat NBA Champ John Salley, Team Poker Stars Pro Vanessa Rousso and her teammate and four-time World Series of Poker bracelet winner Daniel Negreanu to win $100,000 and a chance to come back earlier this month for a crack at the $1,000,000 grand prize.

Fr. Trapp, the poker playing priest lost the final round of Fox TV’s “Poker Stars Million Dollar Challenge” on Dec. 27; but he still won $100,000. The winner was a 9-11 first responder at the World Trade Center.

Known as “Father Rambo” for his paintball play, the poker priest held rosary beads in a hand against Salley. After beating the former Pistons Bad Boy, Trapp shocked Rousso, and took home the six-figure prize when poker star Negreanu misread the strength of Trapp’s cards.

Trapp immediately donated all winnings to the St. Michael’s Church in Garden City, SC, where he’s associate pastor. His goal was to win the million dollar prize to help St. Michael’s build a new church, which is currently $1.5 million dollars short of its goal. In an interview, Trapp said, “I think I represented the church and the priesthood well, which was my main goal…I think my parishioners will be proud of me.

Church looks back at poker playing priest’s run for $1 million

St. Michael’s Catholic Church in Garden City, S.C., is in a four-year, $6.5 million fundraiser for a new church. “Our church family’s grown. We have over 3,000 [people] and 400 families,” said C. Griffith, a St. Michael’s member for more over 20 years.

Overcrowding isn’t the only issue at the Garden City church. Should a strong hurricane go through the area, St. Michael’s probably wouldn’t be standing in the aftermath.

As of Christmas, about $4 million was raised for building a church that’ll be at par with safety codes, hold over 900 people and bear hurricane-force winds. It’s a big upgrade from the old church. The project hopes to give new hope to worshipers at St. Michael’s.

Trapp’s played his role in bringing a new church to his parishioners. The poker playing priest appeared on the Poker Stars Million Dollar Challenge playing for $1 million wanting to break ground on the multi-million dollar construction project.

Trapp lost in the final round of the show to poker pro, Negreneau, but walked away from the competition with $100,000. The cash, he says, is going straight to who needs it the most — his parish.

The poker playing priest‘s winnings from Hollywood is putting quite the dent in construction costs for a new and improved St. Michael’s. There’s just $1.5 million to go, and those who gather at church each week say they’re more than thankful for such a generous donation to their future.

Poker playing priest went to take part in the Poker Stars Million Dollar Challenge on behalf of his parish on a mission to raise cash for a new church.

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Catholic Poker Playing Priest

Poker Playing Priest

Poker playing priest is the new nick name of a Catholic paint-ball playing Father Andrew Trapp who made big news recently for his appearance on Poker Stars Million Dollar Challenge. Not only did the poker playing priest appear, but he almost made it through the last round. Though he didn’t win, he was able to raise $100,000 toward the construction of a new church in South Carolina.

Church celebrates as priest wins $100K in poker tourney

St. Michael Catholic Church in Garden City Beach needs over $1 million to build a new church. Father Andrew Trapp made a dent in that figure by winning $100,000 in the Poker Stars Million Dollar Challenge televised poker tournament.

Trapp’s final episode aired Sunday, and was watched by he and dozens of fellow church members at St. Michael’s. Trapp said he hopes his brief television fame shows people that priests are normal people. “This is an opportunity, hopefully, for people to see a young guy that’s a priest, that’s normal, that can have fun, have friends and try to do something great for the church.”

South Carolina’s Poker Playing Priest wins $100,000

Poker Stars Million Dollar Challenge left audiences stunned in October when S.Carolina poker playing priest Father Andrew Trapp beat NBA Champ John Salley, Team Poker Stars Pro Vanessa Rousso and her teammate and four-time World Series of Poker bracelet winner Daniel Negreanu to win $100,000 and a chance to come back earlier this month for a crack at the $1,000,000 grand prize.

Fr. Trapp, the poker playing priest lost the final round of Fox TV’s “Poker Stars Million Dollar Challenge” on Dec. 27; but he still won $100,000. The winner was a 9-11 first responder at the World Trade Center.

Known as “Father Rambo” for his paintball play, the poker priest held rosary beads in a hand against Salley. After beating the former Pistons Bad Boy, Trapp shocked Rousso, and took home the six-figure prize when poker star Negreanu misread the strength of Trapp’s cards.

Trapp immediately donated all winnings to the St. Michael’s Church in Garden City, SC, where he’s associate pastor. His goal was to win the million dollar prize to help St. Michael’s build a new church, which is currently $1.5 million dollars short of its goal. In an interview, Trapp said, “I think I represented the church and the priesthood well, which was my main goal…I think my parishioners will be proud of me.

Church looks back at poker playing priest’s run for $1 million

St. Michael’s Catholic Church in Garden City, S.C., is in a four-year, $6.5 million fundraiser for a new church. “Our church family’s grown. We have over 3,000 [people] and 400 families,” said C. Griffith, a St. Michael’s member for more over 20 years.

Overcrowding isn’t the only issue at the Garden City church. Should a strong hurricane go through the area, St. Michael’s probably wouldn’t be standing in the aftermath.

As of Christmas, about $4 million was raised for building a church that’ll be at par with safety codes, hold over 900 people and bear hurricane-force winds. It’s a big upgrade from the old church. The project hopes to give new hope to worshipers at St. Michael’s.

Trapp’s played his role in bringing a new church to his parishioners. The poker playing priest appeared on the Poker Stars Million Dollar Challenge playing for $1 million wanting to break ground on the multi-million dollar construction project.

Trapp lost in the final round of the show to poker pro, Negreneau, but walked away from the competition with $100,000. The cash, he says, is going straight to who needs it the most — his parish.

The poker playing priest‘s winnings from Hollywood is putting quite the dent in construction costs for a new and improved St. Michael’s. There’s just $1.5 million to go, and those who gather at church each week say they’re more than thankful for such a generous donation to their future.

Poker playing priest went to take part in the Poker Stars Million Dollar Challenge on behalf of his parish on a mission to raise cash for a new church.

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Belgian Gambling Laws to Restrict Online Casino Games

Dec 15, 2011 - by admin

Belgian Gambling Laws

Belgian Gambling Laws

Gambling legislation is a point of contention all over the world today, specifically the new Belgian gambling laws which restrict online casino games. Many countries are changing their policies on the subject and organization, such as the European Union, are making very influential decisions with regards to all member states.

Despite wishes on behalf of the European Union that its mandates be acknowledged and followed, some countries still insist on going against the grain. A few such countries are France, Poland and most recently Belgium. Speculations indicate that these countries have crossed the line intentionally in order to test Michel Barnier, the new European Commissioner.

Belgium has stirred the subject to the brink of boiling by recently passing a law regulating online gambling that did not address several points of contention with EU rules, as found by the European Commission.

The European Commission gave an official Detailed Opinion to Belgian legislators which pointed out which parts of Belgian gambling laws needed to be amended in order to comply with EU law. Some of the points pointed out by the European Commission include: an unjustified limit on licenses, requirements of servers being located in Belgium, and forbidding citizens to participate in EU licensed and regulated internet gambling in Belgium.

Belgian gambling laws: Sigrid Ligne angry

Secretary General of the European Gaming and Betting Association, Sigrid Ligne, condemned Belgium’s action saying that, “The law is not only highly questionable from a legal point of view, a high level of consumer protection can be achieved by specific and targeted legislation, not by protecting the operators with a vested interest in the current situation.”

On December 3rd, lawmakers passed Belgian gambling laws without taking into considerations concerns that were voiced by the European Commission. In doing so, the Belgian Government has subjected itself to infringement proceedings that may be held by the EC which believes Belgian gambling laws are illegal within the EU framework.

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Belgian Gambling Laws

Belgian Gambling Laws

Gambling legislation is a point of contention all over the world today, specifically the new Belgian gambling laws which restrict online casino games. Many countries are changing their policies on the subject and organization, such as the European Union, are making very influential decisions with regards to all member states.

Despite wishes on behalf of the European Union that its mandates be acknowledged and followed, some countries still insist on going against the grain. A few such countries are France, Poland and most recently Belgium. Speculations indicate that these countries have crossed the line intentionally in order to test Michel Barnier, the new European Commissioner.

Belgium has stirred the subject to the brink of boiling by recently passing a law regulating online gambling that did not address several points of contention with EU rules, as found by the European Commission.

The European Commission gave an official Detailed Opinion to Belgian legislators which pointed out which parts of Belgian gambling laws needed to be amended in order to comply with EU law. Some of the points pointed out by the European Commission include: an unjustified limit on licenses, requirements of servers being located in Belgium, and forbidding citizens to participate in EU licensed and regulated internet gambling in Belgium.

Belgian gambling laws: Sigrid Ligne angry

Secretary General of the European Gaming and Betting Association, Sigrid Ligne, condemned Belgium’s action saying that, “The law is not only highly questionable from a legal point of view, a high level of consumer protection can be achieved by specific and targeted legislation, not by protecting the operators with a vested interest in the current situation.”

On December 3rd, lawmakers passed Belgian gambling laws without taking into considerations concerns that were voiced by the European Commission. In doing so, the Belgian Government has subjected itself to infringement proceedings that may be held by the EC which believes Belgian gambling laws are illegal within the EU framework.

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Greyhound Racing in Massachusetts Voted Down by Referendum

Dec 15, 2011 - by admin
Dog Racing - Greyhound Racing Gambling

Greyhound racing

Greyhound racing in the great state of Massachusetts has come to an end. The reason behind the recent change in policy is quite simple – greyhound racing was voted down by referendum. The 69-year old Raynham Park will see no more live greyhound racing as the result of 56% vote on behalf of the public against the sport.

Last lap for greyhound racing in New England

More than 3,000 people visited Raynham Park this weekend on the final day of live greyhound racing in Massachusetts and, possibly, New England. This is the result of a public referendum — 56% of voters favored banning the sport — and part of a national trend driven by a mix of animal-rights concerns and declining track attendance.

Live dog racing has ceased in Maine, New Hampshire, Connecticut, and, temporarily at least, Rhode Island. Greyhound racing continues at 23 tracks in seven states, 13 of them in Florida, according to the organization GREY2K USA, which formed in 2001. At that time there were 49 greyhound racing tracks in 15 states.

Many greyhound racing dogs will move to race elsewhere, but hundreds will be looking for new homes. Raynham is working with GREY2K and the Massachusetts Society for the Prevention of Cruelty to Animals-Angell Animal Medical Center to aid their adoption.

“People who voted to end greyhound racing dog racing should step forward now and take a dog home,’’ Dorchak said. “This is the happy ending we all worked for, and these dogs make wonderful pets.’’

Industry can learn from greyhound ban

Rain Spot crossed the wire first in Saturday’s 10th race at Raynham Park, a track that’s been around for 69 years. Rain Spot’s race is the last dog race that will ever be run in Massachusetts, where voters decided the sport was cruel to animals and ended it.

Greyhound racing fell into decline by the mid-nineties when attendance reached pitiful levels. Casino competition, and a poor facility led to its demise, but what killed off dog racing was the public aversion to animal cruelty. Massachusetts voters passed the Greyhound Protection Act by a 56-44 margin.

Animal rights activists shed light on greyhound racing that had long tolerated owners killing dogs after their racing days were over. One story reported that the remains of 3,000 greyhounds were found on the property of a former racetrack security guard in Alabama.

Ironically, the greyhound industry did a great job curbing the greyhound racing dog killings. The industry teamed with dog lovers in an effort to find homes for retired racers. According to the Greyhound Racing Association of America, more than 152,000 greyhounds have been adopted as pets since 1990.

Gates close on live racing at Raynham

After 26 years calling greyhound races, Tony Bonaminion went into race-calling mode as easily as turning on his microphone. After yesterday’s races at the Raynham Park dog track, Bonaminion was out of a job and 75 years of live dog racing came to a close.

Patrons and employees, who turned out in massive numbers yesterday, were largely somber. For Peter Burke, director of racing, the Raynham track had been a family affair for years. “My two daughters and their mom work here,’’ he said. Burke started as a lead-out and worked his way up to being in charge of all racing at the track.

The biggest transition might be for the greyhound racing dogs themselves. Chuck Thomson, head of adoption at the Off-Track Pets facility, said the closing was the “end of an era.’’ Although Thomson’s office was only open for three hours a week, he always had several visitors who came by.

Lots of greyhound racing dogs need a home now. Louise Coleman, Greyhound Friends’ director, said 150 dogs from Raynham will not continue racing elsewhere and need to be adopted. The Greyhound Friends kennel in Hopkinton has taken in 50 dogs in the past six weeks. “It’s unfortunate that the people are being laid off, but the dogs are being laid off, too. Their job is done. We do the best we can to help them,’’ she said.

After decades of entertaining the public, Raynham racetrack must discontinue live greyhound racing on account of being voted down by the public in referendum.

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Dog Racing - Greyhound Racing Gambling

Greyhound racing

Greyhound racing in the great state of Massachusetts has come to an end. The reason behind the recent change in policy is quite simple – greyhound racing was voted down by referendum. The 69-year old Raynham Park will see no more live greyhound racing as the result of 56% vote on behalf of the public against the sport.

Last lap for greyhound racing in New England

More than 3,000 people visited Raynham Park this weekend on the final day of live greyhound racing in Massachusetts and, possibly, New England. This is the result of a public referendum — 56% of voters favored banning the sport — and part of a national trend driven by a mix of animal-rights concerns and declining track attendance.

Live dog racing has ceased in Maine, New Hampshire, Connecticut, and, temporarily at least, Rhode Island. Greyhound racing continues at 23 tracks in seven states, 13 of them in Florida, according to the organization GREY2K USA, which formed in 2001. At that time there were 49 greyhound racing tracks in 15 states.

Many greyhound racing dogs will move to race elsewhere, but hundreds will be looking for new homes. Raynham is working with GREY2K and the Massachusetts Society for the Prevention of Cruelty to Animals-Angell Animal Medical Center to aid their adoption.

“People who voted to end greyhound racing dog racing should step forward now and take a dog home,’’ Dorchak said. “This is the happy ending we all worked for, and these dogs make wonderful pets.’’

Industry can learn from greyhound ban

Rain Spot crossed the wire first in Saturday’s 10th race at Raynham Park, a track that’s been around for 69 years. Rain Spot’s race is the last dog race that will ever be run in Massachusetts, where voters decided the sport was cruel to animals and ended it.

Greyhound racing fell into decline by the mid-nineties when attendance reached pitiful levels. Casino competition, and a poor facility led to its demise, but what killed off dog racing was the public aversion to animal cruelty. Massachusetts voters passed the Greyhound Protection Act by a 56-44 margin.

Animal rights activists shed light on greyhound racing that had long tolerated owners killing dogs after their racing days were over. One story reported that the remains of 3,000 greyhounds were found on the property of a former racetrack security guard in Alabama.

Ironically, the greyhound industry did a great job curbing the greyhound racing dog killings. The industry teamed with dog lovers in an effort to find homes for retired racers. According to the Greyhound Racing Association of America, more than 152,000 greyhounds have been adopted as pets since 1990.

Gates close on live racing at Raynham

After 26 years calling greyhound races, Tony Bonaminion went into race-calling mode as easily as turning on his microphone. After yesterday’s races at the Raynham Park dog track, Bonaminion was out of a job and 75 years of live dog racing came to a close.

Patrons and employees, who turned out in massive numbers yesterday, were largely somber. For Peter Burke, director of racing, the Raynham track had been a family affair for years. “My two daughters and their mom work here,’’ he said. Burke started as a lead-out and worked his way up to being in charge of all racing at the track.

The biggest transition might be for the greyhound racing dogs themselves. Chuck Thomson, head of adoption at the Off-Track Pets facility, said the closing was the “end of an era.’’ Although Thomson’s office was only open for three hours a week, he always had several visitors who came by.

Lots of greyhound racing dogs need a home now. Louise Coleman, Greyhound Friends’ director, said 150 dogs from Raynham will not continue racing elsewhere and need to be adopted. The Greyhound Friends kennel in Hopkinton has taken in 50 dogs in the past six weeks. “It’s unfortunate that the people are being laid off, but the dogs are being laid off, too. Their job is done. We do the best we can to help them,’’ she said.

After decades of entertaining the public, Raynham racetrack must discontinue live greyhound racing on account of being voted down by the public in referendum.

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Powerball Lottery Ticket $128.6 Million Unclaimed in Kentucky

Dec 14, 2011 - by admin
powerball lottery ticket unclaimed

Powerball lottery ticket

Powerball lottery ticket, according to Kentucky Lottery officials, worth $128.6 million dollars was sold prior to Saturday night’s drawing. Up to this point. The powerball lottery ticket remains unclaimed and only today, Monday the 28th December, will officials be able to narrow down which business the ticket was sold in.

$128.6 Million Powerball Lottery Ticket Sold in Ky.

Anyone who bought a Powerball lottery ticket in Kentucky is going to want to double-check it. Kentucky lottery officials say there was a single $128.6 million winning Powerball ticket sold in Georgetown, making it the largest jackpot ever won in Kentucky.

Kentucky Lottery spokesman Chip Polston said that prior to this jackpot, the largest jackpot won in Kentucky was $89.3 million in January, 1996. He said the last Powerball winner in the state was December 12, 2007, when a Bullitt County man won $33.6 million.

Lucky Powerball Player Hits The Jackpot

The Powerball jackpot for Wednesday’s drawing will be reset to $20 million. Lottery officials said a ticket sold in Kentucky won a $128.6 million jackpot in Saturday night’s drawing. One ticket in Florida matched five numbers, but not the Powerball number, to win $200 thousand.

The winning numbers were 32-36-37-41-52 and the Powerball number was 30. Thousands of tickets matched lesser winning Powerball combinations.

Winning Powerball lottery ticket sold in Georgetown, Ky.

Someone is holding a ticket for the largest Powerball ticket ever sold in Kentucky — $128.6 million.

Chip Polston, spokesman for the Kentucky Lottery, said Sunday that the winning ticket for Saturday’s Powerball jackpot was sold in Georgetown but that the holder or holders of the ticket have yet to come forward.

Lottery officials also couldn’t identify the store where the ticket was sold until Monday for security reasons, he said.

“We can’t wait to greet our first Powerball jackpot winner in two years,” Polston said. The odds of winning Saturday’s jackpot were more than 1 in 195 million.

The largest jackpot won previously in Kentucky was $89.3 million awarded in January 1996, and the last Powerball win in the state was in Dec. 12, 2007, when a Bullitt County man claimed a $33.6 million jackpot.

A $128.6 million powerball lottery ticket was sold in Georgetown, Kentucky and at this point, as one of the largest state jackpots ever won, it has not been claimed.

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powerball lottery ticket unclaimed

Powerball lottery ticket

Powerball lottery ticket, according to Kentucky Lottery officials, worth $128.6 million dollars was sold prior to Saturday night’s drawing. Up to this point. The powerball lottery ticket remains unclaimed and only today, Monday the 28th December, will officials be able to narrow down which business the ticket was sold in.

$128.6 Million Powerball Lottery Ticket Sold in Ky.

Anyone who bought a Powerball lottery ticket in Kentucky is going to want to double-check it. Kentucky lottery officials say there was a single $128.6 million winning Powerball ticket sold in Georgetown, making it the largest jackpot ever won in Kentucky.

Kentucky Lottery spokesman Chip Polston said that prior to this jackpot, the largest jackpot won in Kentucky was $89.3 million in January, 1996. He said the last Powerball winner in the state was December 12, 2007, when a Bullitt County man won $33.6 million.

Lucky Powerball Player Hits The Jackpot

The Powerball jackpot for Wednesday’s drawing will be reset to $20 million. Lottery officials said a ticket sold in Kentucky won a $128.6 million jackpot in Saturday night’s drawing. One ticket in Florida matched five numbers, but not the Powerball number, to win $200 thousand.

The winning numbers were 32-36-37-41-52 and the Powerball number was 30. Thousands of tickets matched lesser winning Powerball combinations.

Winning Powerball lottery ticket sold in Georgetown, Ky.

Someone is holding a ticket for the largest Powerball ticket ever sold in Kentucky — $128.6 million.

Chip Polston, spokesman for the Kentucky Lottery, said Sunday that the winning ticket for Saturday’s Powerball jackpot was sold in Georgetown but that the holder or holders of the ticket have yet to come forward.

Lottery officials also couldn’t identify the store where the ticket was sold until Monday for security reasons, he said.

“We can’t wait to greet our first Powerball jackpot winner in two years,” Polston said. The odds of winning Saturday’s jackpot were more than 1 in 195 million.

The largest jackpot won previously in Kentucky was $89.3 million awarded in January 1996, and the last Powerball win in the state was in Dec. 12, 2007, when a Bullitt County man claimed a $33.6 million jackpot.

A $128.6 million powerball lottery ticket was sold in Georgetown, Kentucky and at this point, as one of the largest state jackpots ever won, it has not been claimed.

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Wink Bingo Sold for $96,000,000

Dec 14, 2011 - by admin
Wink Bingo sold to 888.com

Online gaming company 888 just agreed to buy Wink Bingo for a price that could reach as high as $96 million. Following a large down payment, the remainder of the price will depend on the site’s performance in coming months. 888 made the purchase to increase their presents in the rapidly-growing online bingo market.

New York Times: 888 Buys Wink Bingo For Up to £60 Mln

Online gaming company 888 just agreed to acquire Wink Bingo from its current owner Daub Ltd for as much as 59.7 million pounds, and said that current trading remains strong and in line with projections.

888 develops new gaming products like bingo to help offset the effect of online gambling becoming illegal in the United States two years ago, which lead to the loss of half of the group’s sales income. Today, bingo is the fastest growing area of its online business.

“We are delighted to announce the Wink Bingo acquisition as an expansion of our B2C online Bingo footprint in the lucrative UK market. The transaction is financially attractive and will be earnings enhancing,” said Gigi Levy, 888’s CEO.

Details suggest 888 will first pay 11 million pounds to Daub on completion, followed by subsequent payments based on performance. Payments are set between five and six times the businesses earnings before interest, tax, depreciation and amortisation in the year to March 31, 2011.

Wink Bingo saw revenue of 15 million pounds with pretax profit of 1.3 million pounds in the 11 months prior to November 30th.

Shares in 888 were up 1.1 percent, trading at 112.8 pence.

domain-b: 888 acquires online game Wink Bingo for $96 million

Gibraltar-based 888 Holdings Plc. Recently agreed to buy Wink Bingo for as much as £60 million ($96 million) in an effort to enhance the company’s presence in the online bingo market, which is the fastest-growing area of the internet gaming industry.

An initial payment of £11 million will be given to Wink’s current owners Daub Ltd., followed by as much as £48.7 million in late 2011 depending on performance. This second payment is capped at £59.7 million.

Wink Bingo arrived with a bang in early 2008, and soon became very well known. Sponsoring popular UK television show’s like Harry Hill’s TV Burp and running amusing adverts like the Dancing Dog helped Wink Bingo increase their player base by more than 60,000 players each month.

With this acquisition, 888 hopes to catch up with bingo competitors Gala Coral, PartyGaming and Gamesys. In July, 888 lost a bidding war with PartyPoker when trying to acquire Cashcade, owner of Foxy Bingo, which also sold for £96 million.

888 reported that trading in this fourth quarter remains strong, showing growth of about 8 per cent over the third quarter of 2009.

London Evening Standard: 888 gets the nod for online bingo business Wink

Online gambling company 888 today dished out £60 million for an internet bingo business that started less than two years ago.

888 will pay Daub Limited, owners of Wink Bingo, as much as £59.7 million for the bingo business, which also includes the brands Posh Bingo and Bingo Fabulous.

The fast-growing industry of internet is very attractive to online gaming firms like 888 and PartyGaming, which are both constantly looking for partnerships.

Wink Bingo was just launched in 2008 but already supports more than 60,000 active members, making it one of the more popular bingo sites on the net.

It saw revenues of £15 million and profits of £1.3 million during the first 11 months of 2009.

888 will pay £11 million up front, with the remainder of the price possibly reaching as high as £59.7 million – this depends on the site’s performance in the next year.

888 chief executive Gigi Levy said: “We are delighted to announce the Wink Bingo acquisition as an expansion of our online bingo footprint in the lucrative UK market.

“The Wink team has a proven track record of excellence and will be a great addition to our growing bingo business.”

Levy also remarked that trading at 888 “remains strong and is in line with management’s expectations”.

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Wink Bingo sold to 888.com

Online gaming company 888 just agreed to buy Wink Bingo for a price that could reach as high as $96 million. Following a large down payment, the remainder of the price will depend on the site’s performance in coming months. 888 made the purchase to increase their presents in the rapidly-growing online bingo market.

New York Times: 888 Buys Wink Bingo For Up to £60 Mln

Online gaming company 888 just agreed to acquire Wink Bingo from its current owner Daub Ltd for as much as 59.7 million pounds, and said that current trading remains strong and in line with projections.

888 develops new gaming products like bingo to help offset the effect of online gambling becoming illegal in the United States two years ago, which lead to the loss of half of the group’s sales income. Today, bingo is the fastest growing area of its online business.

“We are delighted to announce the Wink Bingo acquisition as an expansion of our B2C online Bingo footprint in the lucrative UK market. The transaction is financially attractive and will be earnings enhancing,” said Gigi Levy, 888’s CEO.

Details suggest 888 will first pay 11 million pounds to Daub on completion, followed by subsequent payments based on performance. Payments are set between five and six times the businesses earnings before interest, tax, depreciation and amortisation in the year to March 31, 2011.

Wink Bingo saw revenue of 15 million pounds with pretax profit of 1.3 million pounds in the 11 months prior to November 30th.

Shares in 888 were up 1.1 percent, trading at 112.8 pence.

domain-b: 888 acquires online game Wink Bingo for $96 million

Gibraltar-based 888 Holdings Plc. Recently agreed to buy Wink Bingo for as much as £60 million ($96 million) in an effort to enhance the company’s presence in the online bingo market, which is the fastest-growing area of the internet gaming industry.

An initial payment of £11 million will be given to Wink’s current owners Daub Ltd., followed by as much as £48.7 million in late 2011 depending on performance. This second payment is capped at £59.7 million.

Wink Bingo arrived with a bang in early 2008, and soon became very well known. Sponsoring popular UK television show’s like Harry Hill’s TV Burp and running amusing adverts like the Dancing Dog helped Wink Bingo increase their player base by more than 60,000 players each month.

With this acquisition, 888 hopes to catch up with bingo competitors Gala Coral, PartyGaming and Gamesys. In July, 888 lost a bidding war with PartyPoker when trying to acquire Cashcade, owner of Foxy Bingo, which also sold for £96 million.

888 reported that trading in this fourth quarter remains strong, showing growth of about 8 per cent over the third quarter of 2009.

London Evening Standard: 888 gets the nod for online bingo business Wink

Online gambling company 888 today dished out £60 million for an internet bingo business that started less than two years ago.

888 will pay Daub Limited, owners of Wink Bingo, as much as £59.7 million for the bingo business, which also includes the brands Posh Bingo and Bingo Fabulous.

The fast-growing industry of internet is very attractive to online gaming firms like 888 and PartyGaming, which are both constantly looking for partnerships.

Wink Bingo was just launched in 2008 but already supports more than 60,000 active members, making it one of the more popular bingo sites on the net.

It saw revenues of £15 million and profits of £1.3 million during the first 11 months of 2009.

888 will pay £11 million up front, with the remainder of the price possibly reaching as high as £59.7 million – this depends on the site’s performance in the next year.

888 chief executive Gigi Levy said: “We are delighted to announce the Wink Bingo acquisition as an expansion of our online bingo footprint in the lucrative UK market.

“The Wink team has a proven track record of excellence and will be a great addition to our growing bingo business.”

Levy also remarked that trading at 888 “remains strong and is in line with management’s expectations”.

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  • bVIP Program
  • The Big Competition

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