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Tag: Gambling

How State-Sponsored Lotteries Steal From the Poor to Give to the Rich

Last year, in the words of “Last Week Tonight” host John Oliver, “Americans basically spent more on the lottery than they spent on America.” And although lottery commercials would have you believe that proceeds go to charitable causes, the truth is a bit more complicated.

Posted on Nov 10, 2014 READ MORE


Atlantic City Casinos

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Posted on Sep 3, 2014 READ MORE



druidabruxux (CC BY-NC-SA 2.0)

Madrid Eurovegas Plan Nixed

Due to some disagreements between the Spanish government and Las Vegas Sands—you know, basic things such as the U.S. casino operator’s demands for lower gambling taxes and exemption from indoor smoking bans—the project to make a European version of Las Vegas has fallen through.

Posted on Dec 14, 2013 READ MORE


Casino Gambling Tax Revenue Addiction

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Posted on Oct 30, 2013 READ MORE



Photo by Gage Skidmore (CC-BY-SA)

Raid on $300 Million ‘Charity’ Forces Fla. Lt. Gov. to Resign

Authorities in Florida and five other states carried out a massive raid on a politically well-connected charity that has been called a fraud by the Internal Revenue Service.

Posted on Mar 13, 2013 READ MORE


Internet Gambling

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Posted on Mar 3, 2013 READ MORE


Republican Mega-Donor Sheldon Adelson Under Investigation

The casino magnate who is reported to have already committed $71 million in this election cycle may have good reason to want access to the next president. As “Democracy Now!” reports, Adelson is under investigation for his business dealings in Macau, China, as well as Las Vegas.

Posted on Jul 18, 2012 READ MORE



Jason Mitchell (CC-BY-ND)

Poker ‘Ponzi Scheme’ Bagged $440 Million, Says DOJ

Federal prosecutors Tuesday accused Full Tilt Poker, an online gambling operation, of running a global Ponzi scheme that siphoned $444 million from player accounts to pay off celebrity board members and cover business expenses. (more)

Posted on Sep 20, 2011 READ MORE



Flickr / twicepix (CC-BY-SA)

Trader Lost Billions for Swiss Bank

Swiss banking giant UBS said Thursday that a rogue trader had cost it approximately $2 billion in unauthorized trades. (more)

Posted on Sep 15, 2011 READ MORE


Pay 2 Play

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Posted on Nov 8, 2010 READ MORE    


sports betting
Flickr / fictures

Gambling for California’s Future

In case you hadn’t heard, the Golden State ain’t so golden these days, and Gov. Schwarzenegger is having a tough time finding a way to yank California out of a yawning financial hole. This is where gambling comes in.

Posted on Aug 4, 2010 READ MORE



Wikimedia Commons / Marcello Casal Jr / ABr

Islamic Banks Presented as an Economic Model

The United States spent much of the 20th century lecturing the world about how to run an economy. Clearly, we’ve lost some credibility in that area. Indonesian President Susilo Bambang Yudhoyono wants Islamic banks, with their abhorrence of interest and gambling, to fill the void.

Posted on Mar 1, 2009 READ MORE


Blago Tapes Played at Impeachment Trial

Previously unreleased audio recordings of Illinois Gov. Rod Blagojevich talking gambling legislation and campaign contributions were played in all their ignominy during his impeachment trial Tuesday. There’s a lot more going on here than a vacant Senate seat.

Posted on Jan 27, 2009 READ MORE


With Palin, McCain Is Gambling With the Country

The key to understanding how John McCain chose Sarah Palin as his running mate was provided by The New York Times last weekend when it described an episode in which he “tossed $100 chips around a hot craps table.”

Posted on Oct 2, 2008 READ MORE


Manhattan submerged
siliconbeat.com

Cash In on Global Warming

Why worry about preventing the climate crisis when you can profit from it? An online gambling site received more than 3,000 bets in three days on whether or when major U.S. landmarks will be flooded. Most are banking on Manhattan being underwater by 2011.

Posted on Apr 13, 2007 READ MORE


Rep. Barney Frank

Rep. Barney Frank Rails Against Anti-Gambling Bill

The Democratic congressman from Massachusetts slams the GOP for its attempt to legislate morality in the realm of online poker (while Republicans hypocritically protect other forms of gambling). Money quote: “If we were to outlaw for adults everything that college students abuse we would all just sit at home and do nothing!”

Posted on Jul 11, 2006 READ MORE


Jack Abramoff Must Be Smiling…

... Because the House is considering an anti-gambling bill that would include an exemption for horse racing and intrastate lotteries. The disgraced lobbyist worked to ensure the latter in a bill several years ago.

  • Gambling is bad, bad, bad. Unless it’s on horsies or lotteries. Then it’s OK.
  •  

     

    Posted on Jul 11, 2006 READ MORE


    Dana Priest Smacks Down Bill Bennett

    Dana Priest Smacks Down Bill Bennett

    Washington Post reporter Dana Priest threw Bill Bennett’s gambling history back in his face when the conservative pundit attempted to lecture Priest on ethics.

    Posted on Jul 2, 2006 READ MORE


    Jack Abramoff
    From us.altermedia.info

    Abramoff Gets Almost Six Years in Prison

    The disgraced lobbyist and a business partner get five years and 10 months on fraud charges—the minimum they faced. Abramoff faces more jail time in connection with a corruption probe.

    Posted on Mar 29, 2006 READ MORE


    Abramoff Pleads Guilty in Second Federal Case

    Conspiracy and wire-fraud charges stem from 2000 purchase of gambling boat fleet.

    Posted on Jan 4, 2006 READ MORE


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