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Joseph Stentella Illegal Sportsbook Operator Sentenced
Wednesday September 26,2012 : STATEN ISLAND ONLINE SPORTS BETTING BUST WRAPS UP (Update)
Assets valued in the seven-figures forfeited
US Federal enforcement action in May last year that saw the arrest of 28 men in a Staten Island, New Jersey and Pennsylvania bust of an online sports betting ring has this week culminated in the sentencing of the ringleader of the betting scheme Joseph Stentella.
Stentella (57) was sentenced to six months in jail and five years probation, and although he has already served the jail time awaiting trial, he'll feel the pain in the loss of his surrendered assets which were valued in total in the seven-figure range. Seized assets included $5.7 million in assets, three homes, rental property Stentella owns in Costa Rica and 14 classic cars, along with $50 000 in cash.
Son, Anthony Stentella (30) was sentenced to five years probation earlier this year.
Authorities estimate around 600 people placed bets through Stentella's scheme which they say took in $100 000 a week, and more during football season.
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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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