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ABSOLUTE POKER CO-FOUNDER SENTENCING DELAYED

Tuesday May 22, 2012 :  ABSOLUTE POKER CO-FOUNDER SENTENCING DELAYED (Update)
 
Could this mean a heavier sentence?
 
Absolute Poker co-founder Brent Beckley, who has entered a guilty plea on charges under the Black Friday indictments  will have to wait a little longer to hear what his punishment is to be. The presiding judge, Lewis Kaplan, has postponed sentencing from May 21 to June 28, 2012.
 
Media reporters started digging for a reason when the sentencing did not take place as expected yesterday, and were pointed to an order by the judge which appears to suggest an "upward departure" may be necessary because there is "....an aggravating circumstance in this case of a kind, or to a degree, not adequately taken into consideration by the Sentencing Commission in formulating the guidelines."
 
The judge's order goes on to discuss guideline USSG § 2B1.1, which "...depends heavily on the loss amount, which is defined in terms of ‘the reasonably foreseeable pecuniary harm,’ and notes that the government acknowledges that it is not in a position to establish pecuniary harm in view of the nature of the offenses of conviction.”
 
However, Judge Kaplan points out that the Presentence Report makes plain that the defendant [Beckley] "....deliberately and unlawfully conspired to circumvent, and circumvented, governing laws of the United States in order to conduct or facilitate an unlawful business or businesses involving billions of dollars from which those businesses gained many millions of dollars. The failure of the guideline so heavily dependent on loss amount to fix an appropriate sentencing range in a case like this may warrant an upward departure."
 
Judge Kaplan therefore moved sentencing to June 28, telling defendant that if he desires to make a representation on an upward departure he must do so before June 8, and extending the same opportunity to the government prosecutors, who must make any submission by June 25.

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Gambling News :

Amaya FY2016 Trading Update - The Montreal-based Amaya online gambling group has issued a trading update covering FY 2016 and improving its forecast revenue and earnings numbers.

Another Mega Fortune Dreams jackpot for Euro 3.5 million - In a statement Friday NetEnt advised that the lucky player is a 62-year-old woman from central Finland who won the seven-figure sum from a Euro 1 stake.

Stanleybet has filed a legal action against the government of Cyprus - Bookmaking firm Stanleybet has filed a legal action against the government of Cyprus, claiming Euro 12.5 million as compensation for what it claims is loss of profits and opportunities, prejudice to image and business reputation and legal costs.

LeoVegas To Sponsor Leicester Tigers - The agreement includes official partner accreditation, media space at Welford Road stadium and matchday tickets and VIP hospitality as well as two pitchside perimeter boards from the 2017/18 season and one for duration of the 2016/17 season.

Optima Information Services iShop - Industry visitors to the recent TVC Bookmakers Trade Fair in Solihull, UK were much taken by Spanish betting technology firm Optima Information Services' iShop product, and the company went on to win the SBC Best Retail Betting Product award with it last month.

Golden Nugget Las Vegas Launches New Betting App - Golden Nugget Las Vegas has unveiled a sports wagering app offering Nevada punters the comfort and convenience of being able to wager from anywhere in the state.

CAGAYAN CHIEF MOVES TO REASSURE LICENSEES - Apparently $4 million is going into improvements of the Authority’s data centre in the Freeport at Cagayan, whilst another $3 million has been earmarked for an upgrade to data infrastructure located outside the Freeport.

New Massachusetts Online Gambling Bill - It seems that every two years (give or take a few months) Massachusetts state Senator Bruce Tarr flights an online gambling legalization bill in the state Senate.

Las Vegas Sands Fined for foreign bribery allegations - #lasvegassands Las Vegas Sands, the land casino company owned by multi-billionaire US mogul Sheldon Adelson, has again had to cough up a stiff penalty for non-compliance with the law.

Libratus AI Program Destroying Human Poker Opponents - #Libratus With 40,340 hands played (about a third of the 120,000 planned) Dong Kim is down $29,506, whilst Jimmy Chou ($113,7728), Daniel McAuley ($141,877) and Jason Les ($186,489) are all carrying losses.

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