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Richard Hancock gets 16 Months in SPorts Betting Case
Thursday August 22,2013 : INTERNET SPORTS BETTING DEFENDANT PLEADS GUILTY
Californian man sentenced to sixteen months jail by Oklahoma federal court
A 68-year-old Californian, Richard Allen Hancock, was sentenced to sixteen months in prison after pleading guilty to online sports betting and money laundering charges before an Oklahoma federal court this week.
In sentencing Hancock, U.S. District Judge David Russell gave him credit for cooperating with federal authorities, but ordered him to forfeit $1.45 million in addition to a million dollars he has already handed over from a lockbox facility in his home state.
Hancock originally entered a guilty plea in March this year, admitting to being a USA bookmaker who oversaw eight to 10 subordinate bookmakers. Hancock and another man, Teddy Mitchell, were partners in the operation.
Mitchell, of Oklahoma City, pleaded guilty in July for his role in the gambling business, but said he didn't realise he was doing anything illegal.
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Gambling News :
Wanajump Launches -
#Wanajump Spanish online and land gambling operator Grupo R. Franco appears to be emulating the William Hill group, announcing this week that it is to begin a start-up accelerator program for innovative entrepreneurs, which it has titled Wanajump.
Coral Launches player proposition betting product -
Digital Sports Tech, a business-to-business software provider of sports betting solutions, has signed a deal with UK online and land sports betting operator Coral to provide an innovative player proposition betting product.
Oshi online casino now accepts fiat currencies -
The Oshi online casino, which started just a year ago as a Bitcoin-denominated operation, has described its expanded activity in a statement this week, noting that in addition to Bitcoin it now accepts fiat currencies and has added new game providers to its roster of suppliers.
New Standards for UK Online Gambling -
Online gambling service and technology providers, along with operators and testing agencies will be studying the new gambling software and technical standards proposal published by the UK Gambling Commission following a public consultation.
Pennsylvania Gambling Bill 1887 returned with additions -
The interaction between the Pennsylvanian House and the state Senate has become increasingly like watching a game of ping pong as the two political establishments wrestle with online gambling legalization and court-ordered tax fixes in the dying days of the current political season.
Mybet Earnings Struggle -
The statement this week reveals that Mybet continued to be hampered by negative trends from historic quarters, making its original performance estimate "unrealistic".
Tom Horn Awarded Malta Gaming License -
Online gambling software provider Tom Horn Gaming has been awarded a Malta Gaming Authority license that permits the company to host and manage Malta-based gaming operators.
Calvin Ayre invests in new Antigua Business Center -
Ayre joined with government officials this week in a ground-breaking ceremony for a five-story centre on Antigua which will be home for the venture. The "green" building will be solar powered and provide employee-friendly services like catering, a gym and child care.
Attack of the Zombies Slot -
Online gambling games developer Genesis Gaming has unveiled its latest game, with a theme based on a horror story of the undead, exploiting the current trend....and just in time for Halloween.
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