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Indian police cracks illegal gambling ring

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NEW DELHI, INDIA – OCTOBER 23: Delhi Police bust an illegal casino and arrest 36 persons from the casino at Sainik Farms, on October 23, 2016 in New Delhi, India. The police seized 11 luxury vehicles, 23 bottles of liquor and chips worth Rs. 1,36,45,000. (Photo by Arun Sharma/Hindustan Times via Getty Images)

The police in the Indian capital of Delhi has busted an illegal online gambling ring. The gambling operations were being conducted from a residential building in New Ashok Nagar in east Delhi. The police arrested 14 persons, including the alleged owner and manager of the casino, for running the gambling ring, and 12 persons for participating in the gambling. The main figure behind the operation, who was only identified as “Deepak,” remains at large.

In India, gambling is legally prohibited apart from a few chosen locations, such as Goa. But the police indicated that the gaming endeavour could be tied to a money-laundering scheme as well. They seised a diary containing numerous transactions and customers’ names, 10 computer systems and a small amount of cash.

Pankaj Singh, the police department’s deputy commissioner, said the department had received several tips over the course of a few days prior to the raid. When a tip on Sunday indicated that the games were in progress in the first floor of the three-story building, cops moved in and made their arrests.

Singh was quoted by DNAIndia saying, “Our team raided the flat and found 12 people gambling online. The entire flat had been turned into a makeshift casino parlour and 10 computers with Internet connections had been installed in the house solely for gambling.”

The casino’s alleged owner, Amit Guttan, and his manager, “Neeraj,” were taken into custody along with the 12 gamblers. They were all released on bail after being booked for offenses under the Delhi Public Gambling Act.

The gambling group was reportedly formed through WhatsApp and regular customers recruited additional members. No outside individuals were allowed into the group. After paying an entry fee, the gamblers were provided with the password in order to play games online.

A police officer involved in the case added, “Roulette was the most popular game for these people because the winner was given a return which was 36 times the money they gambled.”

Source: European Gaming Media

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Mobile Betting Bill Fails to Progress Through New York Assembly

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Senator Joseph Addabbo’s mobile betting bill has failed to progress through the New York Assembly. The legislative session saw S17 fail to progress beyond the Assembly Standing Committee on Codes.

Addabbo tweeted that he saw no clear reason why the state could not implement mobile sports betting in 2019. Failure to do so would see the state miss out on around $75m in revenue, funding for education, and both job creation and retention.

“NY will be stuck like a disabled car on the shoulder, while we allow an illegal sports betting business in our state thrive and idly watch other neighboring states pass us up with enormous revenue gains from mobile sports betting,” Addabbo said.


Source: European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Mobile Betting Bill Fails to Progress Through New York Assembly

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Eldorado Resorts to Buy Caesars Entertainment Corp

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Eldorado Resorts Inc., the US based casino operator, has agreed to merge with Caesars Entertainment Corp through a $17.3 billion cash and stock deal.

The deal, which is expected to be announced soon, values Caesars at close to $13 a share. The combined company’s ownership would be split roughly between Eldorado and Caesars shareholders.

An Eldorado spokesman said the company did not comment on rumours or speculation. Caesars did not immediately respond to requests for comment.

The combination of the two companies would create a serious competitor to larger casino industry players, such as Las Vegas Sands Corp, Wynn Resorts Ltd and MGM Resorts International.


Source: European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Eldorado Resorts to Buy Caesars Entertainment Corp

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Nagasaki Governor Reaffirms His Support for Sasebo IR Bid

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Nagasaki Governor Hodo Nakamura has reaffirmed his support for the Sasebo IR bid and urged the national government not to delay too much in issuing its IR regulations and establishing the national regulatory framework.

While Sasebo’s bid is not linked to a specific timeline, the local government does wish to move forward quickly, especially now that other competing bids could emerge from the Kyushu region.

In related news, Nagasaki IR Business Connect Seminar is going to be held with the participation of international operators and investment groups.


Source: European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Nagasaki Governor Reaffirms His Support for Sasebo IR Bid

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