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More Details on Italian Mafia Gambling Raid
Thursday January 14,2016 : MORE DETAIL ON ITALIAN POLICE RAIDS (Update)
"King of Slots' named by Italian prosecutors.
More detail has been released by prosecutors in Rome on Wednesday's Italian police swoop on internet gambling individuals believed to be associated with organised crime groups
The Reuters news agency reports that prosecutors have confirmed the arrest of 11 persons for allegedly running an illegal online gaming business which garnered millions of Euros in bets every day, sometimes in collusion with the mafia.
Prosecutors named Luigi Tancredi, as head of the gambling ring, saying that he had been arrested on suspicion of running an international criminal group that favours the mafia.
Known as the "King of Slots", Tancredi is alleged to have worked extensively in Italy's legal gambling business in the past and had come under scrutiny in previous probes by courts in central and northern Italy, investigators said.
His business, run out of Romania through a server based in Tampa, Florida, operated an average of 12,000 virtual poker tables throughout Italy with Euro 11.5 million in bets per day, giving him a personal cut of more than 1 million Euros, prosecutors claim.
"A wiretap captured some mobsters commenting that this business was more profitable than drug trafficking," Finance Police Colonel Alessandro Cavalli told local reporters Wednesday.
Police revealed that one of the men arrested had Euro 200,000 in cash in his home. More than Euro 10 million in assets, including real estate and corporate bank accounts, were seized in the police operation.
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Gambling News :
PokerStars.CZ has launched in the Czech Republic -
PokerStars.CZ has launched in the Czech Republic, becoming the first licensed online casino and poker operator under the Czech Republicís new gaming regulation. This follows on from the approval by the Czech State Supervision of Gambling and Lotteries Department.
Sunbets to Sponsor Sutton United -
Online betting operator Sun Bets has inked a one-off sponsorship deal with English association football club Sutton United for its upcoming televised clash against Arsenal FC in the FA Cup fifth round tie.
Time is Money Slot Launches -
Set to a catchy tune, Time is Money offers a free spins bonus where all wins are multiplied by up to x12 by a random multiplier, selected from the time traveling clock.
ArenaCube Signs 3 New Deals -
Under their strategic partnership, ArenaCube and Kiron will develop and launch a new version of Arena Challenge in 2017. The new version of the game will carry Kironís virtual content.
First Woman to Win a WPT Playground Championship -
Besting a field of 380, in the C$3,500 buy-in event, Zajmovic beat Jean-Francois Bouchard in heads up play, pocketed the C$261,000 first prize and a seat in the season ending WPT Tournament of Champions.
NHL Odds: Oilers-Blackhawks at the United Cente -
Fans at the United Center will be treated to a potential Western Conference playoff preview this Saturday when the upstart Edmonton Oilers visit the Chicago Blackhawks. The puck drops at 7 PM ET on WGN.
2017 Partypoker.net WPT Playground main event Results -
Although she entered the heads up against Jean-Francois Bouchard with a chip deficit, Zajmovic was able to get herself back in the game with some skillful and disciplined playing, eventually overtaking the leader and finally leveraging her chip advantage into a decisive win.
IGT In Deal With Norsk Tipping -
International Game Technology has announced a new contract signing which will see it providing interactive casino and Instant Win game libraries and custom games through a remote game server to Norwegian gambling group Norsk Tipping.
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