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Stamford Sports Book Runner Sentenced

Borea gets 33 months in jail
Another of the Connecticut online sports betting bust defendants  has been sentenced following a guilty plea earlier this year.
Joseph Borea (56) was handed a 33 month prison sentence Friday for his role in illegal online gambling businesses that prosecutors said were controlled by a New York organised crime group.
Borea was arrested as part of a major federal enforcement action last year and has already been fined $50,000 and ordered to forfeit $75,000. He pleaded guilty in August to one count of conspiring to violate racketeering law.
Prosecutors claim that Borea collected gambling debts for a Stamford-based Internet sports bookmaking operation that was tied to Gambino organised crime associates in New York. The organisation had gross revenues of nearly $1.7 million from October 2010 to June 2011.
Two co-defendants who ran the operations also have pleaded guilty to racketeering-related charges, prosecutors said. One is serving an almost six-year sentence, and the other is serving an almost four-year sentence.
18 defendants have pleaded guilty in the investigation and have agreed to forfeit about $1.4 million, according to an Associated Press news agency report.

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Gambling News :

Yggdrasil Gaming Expanding - The Swedish online gambling games developer Yggdrasil Gaming is to establish a new parent company and expand its Stockholm office as it bolsters its presence in Sweden with a raft of new hires.

FanDuel and DraftKings Settle With NY Attorney General - Speculation earlier this week that daily fantasy sports market leaders FanDuel and DraftKings were about to agree a settlement on consumer fraud suits prepared by the New York AG was confirmed Tuesday when a $12 million settlement was announced.

Stan james Now Live With EPOS - The company switched to the Optima server less system across its entire estate in July after previously using Optima EPOS technology. The switch was completed early this (October) month and has already delivered noteworthy savings for the company.

Singapore Online Gambling Ban Begins - Singapore media reports indicated Tuesday that restricted online gambling services offered by the Singapore Pools have started online operations, whilst Singapore Turf Club will commence online betting activity on November 15.

Chinese police action against Crown Resorts Widens - In addition to the 18 Crown employees still held after their arrest last week, it now appears that the police questioned 87 Crown punters and junket organizers, detaining 10 of the latter.

Pennsylvania Online Gambling Updates - Pro-online gambling companies, including the Golden Nugget in New Jersey and Pokerstars, were quick to refute Schippers views based on their operational experience.

WSOPE In Czech Republic - World Series of Poker Europe 2017 has moved to King’s Casino Rozvadov (KCR) in the Czech Republic following a multi-year deal that will see KCR host numerous WSOP-branded events over the next several years.

Medialivecasino in Deal With Microgame - #Medialivecasino live dealer games have already gone live with Microgame joining content from other well-known providers NetEnt and Evolution Gaming.

BtoBet Partners with AfroBet - Following the launch in Kenya, Afrobet said it has high hopes for further expansion into East Africa, Tanzania, Uganda and Congo.

Pissed off Tabcorp shareholders - A significant number of Tabcorp shareholders, led by The Australian Shareholders Association, reportedly objected to proposed hikes in executive pay packages and were unhappy with the company plans for a merger with rival gambling group Tatts.

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