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$13 Million NY SportsBetting Ring Busted
NEW YORK ONLINE SPORTS BETTING RING BUSTED
Six arrested for illegal sports betting activity that turned over $13 million in less than a year.
The New York Daily News reports that six local men were arrested Thursday for conducting an online gambling operation that prosecutors claim generated over $13 million between September 2015 and this week through a Costa Rica-based site identified as Stakestake.com.
Brooklyn District Attorney Ken Thompson said in a press release: “We’ve now shut down this illegal enterprise that was controlled by organized crime and will fully prosecute those who have been indicted.”
Prosecutors cited the ring-leader as Eugene (Boopsie) Castelle (56), a reputed member of the Lucchese crime family. It is alleged that Castelle has a criminal record for racketeering and that he spent over a year in federal prison after being convicted in that case.
The six defendants face a 37-charge indictment with charges ranging from enterprise corruption to money laundering. They were granted bail orders of between $25,000 and $250,000 depending on their records and extent of involvement by Brooklyn Supreme Court Justice Danny Chun.
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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.
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.
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.
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