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Peter Foster Australian Gambling Syndicate leader arrested

Thursday October 30,2014 :  KEY FIGURE IN SPORTS TRADING CLUB ARRESTED
 
Multi-million gambling syndicate expected to be exposed following arrest
 
Australian conman Peter Foster was arrested under a Federal warrant Tuesday by New South Wales Police at an upmarket property near Byron Bay.
 
Foster is thought to, at the very least, be a key player in the international gambling syndicate Sports Trading Club that boasts offices in London, Sydney and Hong Kong.
 
The Sports Trading Club, also know as STC Sports Trading Club and The Sports Trading Club Partnership, takes investments between $50 000 and $250 000 to bet on international sporting events.  The company claimed in July to have taken $150 million in backing Germany to win the World Cup in Brazil, and a multi-million dollar sum betting against Williams and Djokovic at the Australian Tennis Open 2014.
 
According to the Sydney Morning Herald (SMH), "hundreds of investors in an international gambling syndicate run by notorious conman Peter Foster could lose millions of dollars..."
 
SMH quoted sources as saying authorities confiscated six mobile phones and several computers from the property near Byron Bay following a dramatic arrest where Foster allegedly assaulted a police officer after grabbing his gun.
 
"It doesn't matter what they claim on their website, Fosters' home in Byron Bay was the headquarters. This is another massive scam that is only coming to light now. It will collapse like a house of cards," the source was quoted as saying.
 
Sports Trading Club dealings appear dubious at best with reports of false Linked In senior executive profiles and the fabrication of quotes from a deceased Princeton analyst.
 
The company was founded two months after a similar gambling firm Sportalists closed its doors following a TV expose in 2012.  The expose revealed Foster's involvement in the company.
 
Foster may be more widely known for his role in what was dubbed "Cheriegate" in 2012, where he assisted the sale of two apartments in Bristol to former UK Prime Minister Tony Blair's wife Cherie.
 
But Foster's arrest this week stems from dealings that go even further back where he has been accused and convicted of running weight loss scams in the multi-million dollar dieting industry over the past 30 years, going so far as to have one of those products endorsed by the Duchess of York.
 
An Australian court found Foster guilty in relation to one of many weight loss scams but when he failed to appear for his sentencing hearing in November last year a Federal warrant was issued for his arrest.
 
The arrest is expected to trigger an in-depth investigation into Sports Trading Club by Australian authorities.

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Gambling News :

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.

Another Mega Fortune Dreams jackpot for Euro 3.5 million - In a statement Friday NetEnt advised that the lucky player is a 62-year-old woman from central Finland who won the seven-figure sum from a Euro 1 stake.

Stanleybet has filed a legal action against the government of Cyprus - Bookmaking firm Stanleybet has filed a legal action against the government of Cyprus, claiming Euro 12.5 million as compensation for what it claims is loss of profits and opportunities, prejudice to image and business reputation and legal costs.

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.

Golden Nugget Las Vegas Launches New Betting App - Golden Nugget Las Vegas has unveiled a sports wagering app offering Nevada punters the comfort and convenience of being able to wager from anywhere in the state.

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.

Las Vegas Sands Fined for foreign bribery allegations - #lasvegassands Las Vegas Sands, the land casino company owned by multi-billionaire US mogul Sheldon Adelson, has again had to cough up a stiff penalty for non-compliance with the law.

Libratus AI Program Destroying Human Poker Opponents - #Libratus With 40,340 hands played (about a third of the 120,000 planned) Dong Kim is down $29,506, whilst Jimmy Chou ($113,7728), Daniel McAuley ($141,877) and Jason Les ($186,489) are all carrying losses.

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