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6/29/10 - Crime family involved in $2.2 billion sports betting ring
In New Jersey, thirty five suspects pleaded not guilty Monday to charges of racketeering and operating a multi-billion dollar offshore gambling ring, reports Associated Press.
The son of a Philadelphia mob figure and two men believed to head the New York-based Lucchese crime family were among those cited in the indictments, which focused on a gambling operation that allegedly processed $2.2 billion in wagers over a 15-month period and was run by the Lucchese family in New Jersey. Investigators claim that a percentage of the profits were paid as tribute to New York crime families.
Bets were recorded and processed using password-protected Web sites and a wire room operation in Costa Rica, according to prosecutors. One gambler bet more than $2 million in a two-month period, they said.
Though prosecutors do not consider him the highest-ranking crime family member arrested in the sweep, Nicodemo Scarfo Jr. (45) carried the highest name recognition into court in Monday. His father, Nicodemo "Little Nicky" Scarfo, is serving a life term for running the Philadelphia-Atlantic City mob in the 1980s.
Among Scarfo's co-defendants are Matthew Madonna of Selden, N.Y., and Joseph DiNapoli of Scarsdale, N.Y., whom prosecutors say were part of a three-man ruling panel that controlled the Lucchese family's criminal activities from New York. First Scarfo and then Ralph Perna of Wyckoff, in northern New Jersey, ran the family's operations in New Jersey, prosecutors allege.
Monday's proceeding was perfunctory, with each defendant entering a plea and waiving the reading of the charges.

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Gambling News :

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.

Pennsylvania Online Gambling Updates - Pro-online gambling companies, including the Golden Nugget in New Jersey and Pokerstars, were quick to refute Schippers views based on their operational experience.

WSOPE In Czech Republic - World Series of Poker Europe 2017 has moved to King’s Casino Rozvadov (KCR) in the Czech Republic following a multi-year deal that will see KCR host numerous WSOP-branded events over the next several years.

Medialivecasino in Deal With Microgame - #Medialivecasino live dealer games have already gone live with Microgame joining content from other well-known providers NetEnt and Evolution Gaming.

BtoBet Partners with AfroBet - Following the launch in Kenya, Afrobet said it has high hopes for further expansion into East Africa, Tanzania, Uganda and Congo.

Pissed off Tabcorp shareholders - A significant number of Tabcorp shareholders, led by The Australian Shareholders Association, reportedly objected to proposed hikes in executive pay packages and were unhappy with the company plans for a merger with rival gambling group Tatts.

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