138 stories by Cort Smith
BC Casino Money Laundering Estimates Soar, Criminals Used Government Accounts to Clean Their Cash
Estimates surrounding the amount of criminal money laundered through British Columbia’s (BC) casinos have shot up exponentially, with a new report putting the figure at nearly $2 billion. That’s a far cry from the original $100 million appraisal made by former RCMP...
NASCAR Gambling Rules Get Overhaul, All Members Banned From Betting on Sport
NASCAR appears to be all in when it comes to the new era of sports betting in the US, but it’s drawing a line when it comes to any of its members actually placing a bet on their own races. The organization...
Poker Pro Ali Fazeli Gets 18 Months for Running Million Dollar Super Bowl Ticket Scam
A California poker pro who swindled investors out of millions in a ticket-selling scheme has been sentenced to 18 months in federal prison. Last year, Seyed Reza Ali Fazeli pleaded guilty to one count of wire fraud, a charge that carries a...
LPGA Investing Shot Tracking Technology in a Bid to Grow Sports Betting Stake
Count the LPGA among the professional sports leagues embracing the new sports betting landscape. The association has revealed that it is investing in sophisticated shot tracking technology that will provide it with real-time data. The lady’s tour currently has no equivalent of...
Saints Fans Sue NFL, Claiming ‘Mental Anguish’ Over Blown Call in NFC Championship
Two New Orleans Saints season ticket holders are throwing up a Hail Mary attempt to have the result of the controversial NFC Championship game overturned. Frank D’Amico, a New Orleans-based attorney, filed the lawsuit on behalf of his two clients, claiming among...
Esports Betting Market Set to Explode to a Total Value of $12.9B by 2020
Esports is already the fastest-growing sector in the rapidly expanding sports betting market, and its piece of the pie is only going to get bigger in the years ahead. The biggest esports competitions can generate prize pools in the tens of millions....
NBA Gambling Rules Under Microscope as League Looks at Avoiding Gaming Pitfalls
The NBA is making moves to eliminate the potential for any headaches or controversy as it makes a full court press on legalized sports gambling. NBA Deputy Commissioner Mark Tatum is all smiles as his league embraces sports betting. (Image: SportTechie)...
Endangered Turtle Species in Small Canadian Town Could Determine Casino Project Outcome
The so-called "smiling turtle" may have a shot at doing what those opposed to a major new casino in North Bay -- a small community about 150 miles north of Toronto, Canada -- have so far been unable to do: put a...
Dishonorable Discharge: Navy Officer Swipes $2.7M From Government for High Stakes Poker Habit, Gets Four Years
A 27-year Navy veteran was sentenced to four years in federal prison for running a racket which saw him steal $2.7 million from the federal government to feed a high-stakes poker lifestyle. But it wasn’t all gambling for Lt. Randolph Prince: the...
DC Sports Betting Decision Delayed Amid Contracting Monopoly Concerns
Sports betting is coming to Washington DC, but it’ll have to wait after council members postponed a key decision which would have seen them fast track the process. On Tuesday, councilors were on the verge of voting to award the contract to...
