2006 August 11 Gambling News, Events and Happenings - Page 7

NEW YORK Since BetOnSports PLC started accepting wagers online, gamblers played the odds on plenty of sporting events. But they also gambled on whether U.S. prosecutors would one day target the Costa Rica-based company for possibly violating federal law.

With the debate regarding the fall-out of the Betonsports legal situation rumbling on, attention has switched to the exploding Asia-Pac market as an important revenue source for those gaming and gambling companies looking to continue aggressive growth strategies and increase market share. (PRWEB Aug 11, 2006)

Detroit casinos logged their third-best month ever in July, reporting more than $110 million in total revenue, despite Greektown Casino L.L.C. showing a decline of nearly 7.5 percent from its July 2005 revenue figure.

A couple were charged Thursday with embezzlement after they were accused of skimming off the proceeds of bingo games for senior citizens and pocketing the money for themselves.

WESTLAND — A popular nonprofit group that sponsors Little League baseball and senior programs is struggling to stay afloat following accusations two of its officers stole $145,000 in bingo proceeds.

Prague, Aug 10 (CTK) - Czech betting firm Sazka plans to allow its clients to withdraw cash from several thousand betting terminals, spokesman Zdenek Zikmund told today’s edition of the Hospodarske noviny daily.

Do you ever wonder, in light of all the advanced technology we’ve seen introduced to casinos during the last 10 years, what the next decade will bring? The showroom of your local home entertainment and electronics store is the crystal ball you’re looking for.

BetOnSports told 800 employees in Costa Rica and Antigua, where the virtual casino has its operations, that they would be losing their jobs.

Even with the casinos closed from July 5 to 8, they rang up their second-best month in history, with $480.5 million in revenue.