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R. Allen Stanford Gambling BANKER Convicted
03/07/2012 : BIG SPENDING BANKER CONVICTED
R. Allen Stanford was a high rolling financial boss linked with internet gambling operators
Two years ago the online gambling news sites often featured the big-spending and high profile activities on an Antiguan-based billionaire banker named R. Allen Stanford, who was reportedly linked to several online gambling operators.
Then details of a $7 billion US investment fraud scheme emerged and the high flyer was arrested, dropping off the news pages. He has been incarcerated ever since on fears that he may skip bail.
This week the 61-year-old financier’s name was back in the news, and not in a good way, convicted on 13 of 14 counts according to reports on the Bloomberg business news website.
A federal court in Houston, Texas found him guilty of a slew of charges that included wire and mail fraud and obstructing a federal regulatory investigation. That could mean up to 20 years in prison on each offence when sentencing is handed down
Bloomberg reports that prosecutors are asking the court to seize about $300 million in 36 bank accounts located in the U.K., Switzerland, Canada, Antigua and Florida.
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Gambling News :
IGT Continues Partnership with Coljuegos EICE -
IGT will continue its 16-year partnership with Colombian administrative gaming authority Coljuegos EICE following a public procurement process for a five-year private operator contract to run the draw-based online lottery game Baloto.
Magic Spells SLot Launches -
The penny slots’ Wild symbol is a bubbling cauldron which is an Expanded Wild that can cover up to four positions for multiple winning combinations.
Lightning Box Games in Deal With Everi Games -
Australian slot developer, Lightning Box Games, has entered into a distribution deal with electronic gaming content provider, Everi Games, for a selection of its proprietary slot content.
Another Attempt to Acquire Tatts -
The surprise A$8.4 billion bid for Tatts late last year by the Pacific Consortium caused some consternation in the Tabcorp and Tatts boards, which were in merger talks but these concerns faded following Tatts rebuff of the consortium's offer
Ladbrokes Trading Update -
The Ladbrokes Coral plc online and land gambling group has released a trading statement for the unaudited year to 31 December 2016, reporting:
Leovegas Player Wins a BMW X4 -
A 23-year-old Southampton University student identified only as Leo has won a GBP 50,000 BMW X4 sports saloon car playing NetEnt's Live Casino Roulette on the Leo Vegas mobile gambling,site.
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