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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.
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
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