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Stamford Sports Book Runner Sentenced
Saturday November 2, 2013 : STAMFORD ONLINE SPORTS BET COLLECTOR SENTENCED (Update)
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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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.
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.
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.
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