By on February 26th, 2020 in Casino Room Casino

Gambling Business Winners and Losers in 2015: Who Banked and Who Tanked

Gambling business winners and losers in 2015 went from sea to sea that is shining America

Gambling business in 2015 was getting decidedly more complicated all the time.

Every gaming operation, whether land-based or virtual, appeared to be bogged straight down in litigation of some kind this season.

In it this year whether it was New Jersey’s push to open the sportsbooks, daily fantasy sports’ hopes to be regulated, or even California’s seemingly never-ending journey to finally legalize online poker, the law had its hand.

That being said, some entities fared better than others this 12 months. Let us take a look, starting with the news that is good and who came out on top for 2015, and whom got dunked.

The Big Champions

Paypal

Oh, look: it’s our old friend PayPal, right back in the usa once more to remind us we must update the banking info on that account we opened in the late 1990s!

After a 12-year absence in America, the online payment processor quietly decided this present year it was once more willing to roll the dice into the face of US federal video gaming laws which are still about because gray as a $5,000 chip at the Bellagio.

In 2002, four years after PayPal ended up being founded and customers began utilizing the payment processor to fund their online gambling records, the electronic repayment service flipped out when regulators began looking closely at whether the business was breaking federal ant (more…)

Pro Sports Better Adam Meyer’s Lawyer Claims Former Customer is National Informant

Adam Meyer is waiting to stand trial on many fees in a Wisconsin court that is federal the former high-stakes sports betting handicapper at first claiming through their lawyer that he was a government informant.

Adam Meyer proclaimed for years he had been ‘the activities consultant to the stars,’ the Florida-based recreations handicapper routinely appearing on tv to flaunt his insider knowledge and results that are unrivaled.

His genuine Money Sports website described Meyer as ‘the star that is biggest in Las Vegas’ whoever ‘client list checks out like the front web page of Variety.’

‘If there’s a result, Adam will show you how to show it into an income,’ his bio read.

Unfortunately for many who took Meyer through to his services, the outcome changed into earnings for only Meyer himself.

In December of 2014, a Wisconsin grand jury indicted Meyer on six charges including cable fraud, racketeering, and extortion relating to a wealthy Fond du Lac, Wisconsin, guy who claimed to own been taken for $25 million.

Meyer’s Tainted Past

At the height of Meyer’s operation, he was reportedly recharging well over $250,000 for the package of betting recommendations and recommendations of games in which the fix was in. Meyer’s items would advise clients on just how to wager and which teams to pick.

He stated to use research staff 130 strong and asserted his guidelines included a 60 per cent winnings percentage. (more…)