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Posted 2/9/11 : Saratoga, NY man to forfeit $25 000 after anti-online gambling wire taps by police
Michael J. Morrissey (46), a Saratoga Springs man involved in online sports betting and originally charged with fourth degree money laundering, pleaded guilty to a lesser fifth degree conspiracy charge this week in order to reduce his punishment to that of a misdemeanour
Prosecutors said that Morrissey was part of an gambling enterprise that spanned the US and had ties to foreign countries in Central America. The internet sports betting network facilitated bets from US citizens on football and baseball games, and punters called Morrissey to obtain an international phone number and receive access codes to an unidentified online gambling website.
He was paid a cut of the money collected from losing wagers and vigorish (the percentage of the winnings that a bookie keeps), while the rest was sent to the off-shore enterprise.
Prosecutors revealed that Morrissey was identified as part of the gambling ring when his name surfaced on a wiretap in a Schenectady County police investigation into the same network.
In addition to his guilty plea, Morrissey forfeited $25,000 in gambling proceeds and a 2004 Buick Rendezvous vehicle that was allegedly used during his criminal activity. The seized money will be divided among the police agencies involved in the investigation and the New York State Office of Alcoholism and Substance Abuse Services.
According to Saratoga prosecutors, the investigation is continuing across New York state and in Florida, Las Vegas and Costa Rica.

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Gambling News :

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.

Why is FullFlush Poker Still Down - Its now almost a month since Full Flush Poker went offline "for a platform upgrade" and stopped communicating with its reportedly many unpaid and unhappy players. All trace of the operator - and means to communicate with it - have vanished.

Time Running Our For Pennsylvanian online gambling - Hopes that this week would see the Pennsylvanian Senate voting on an online gambling and DFS legalization bill already passed by the House four months ago dwindled Wednesday when no progress was made and the legislatures season officially closed.

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.

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