DraftKings sank more than 5% in premarket trading Friday after it said its loss for the second quarter widened despite strong revenues and a turnaround in user engagement. The Boston-based gambling company posted a second-quarter loss of $161.4 million, or 55 cents per share, compared to a loss of $28.11 million, or 15 cents per…
An Illawarra woman who defrauded Centrelink of almost $90,000 by failing to declare income from multiple jobs has narrowly avoided time behind bars. Susan Osborne, 45, was sentenced to a 12-month intensive corrections order in Wollongong Local Court on Thursday after pleading guilty to two counts of social security fraud spanning a six-year period. Her…
Over the years, Nebraska has decided against allowing casino gambling in the Good Lifeand for good reason. Gambling can ruin families, hurt communities, and pile on new costs to the state. By keeping Nebraska casino-free, our state has minimized the social harms associated with problem gambling. In fact, research shows that Nebraska ranks as the…
An Illawarra woman who defrauded Centrelink of almost $90,000 by failing to declare income from multiple jobs has narrowly avoided time behind bars. Susan Osborne, 45, was sentenced to a 12-month intensive corrections order in Wollongong Local Court on Thursday after pleading guilty to two counts of social security fraud spanning a six-year period. Her…
The author of The Godfather and two-time Academy Award winner was an avid gambler. His lifework includes insightful writings and memorable worldview on gaming, equally attractive to a general readership, casual players, and professional patrons. Several famous writers indulged in gambling and betting in their own time. Dostoevsky, Hemingway, Fleming, Dahl, Descartes, Bukowski. A few…
If youve ever gambled, its a near certainty that youve suffered plenty of crushing losses. A dramatic last second layup that leaves you one-point shy of covering, that garbage time touchdown that pushes it from the under to the over, the dealer somehow getting a blackjack on your biggest handthe list goes on. If you…
Financial crimes arent the only negative effects of problem gambling. It shatters relationships and destroys families. Time and money spent gambling can wreck a marriage or lead to child neglect. The financial pressure of gambling losses can also motivate domestic violence or child abuse. Additionally, the stress of gambling debt may trigger anxiety, depression, and…
A Rockland restaurateur was arrested Aug. 6 and accused of bookmaking and extorting a client to collect gambling debts. Federal prosecutors accused John Ciofalo of transmission of wagering information and extortionate debt collection, in a criminal complaint unsealed last week in U.S. District Court in White Plains. Ciofalo entered a plea of not guilty on…
CHICAGO (AP) Cook County authorities say that a 79-year-old used-car dealer fatally shot a 40-year acquaintance in Chicago during an argument over a gambling debt. The Chicago Tribune reports that Willie Dunmore was held on a $200,000 bond Saturday. He is charged with first-degree murder in connection with the death of James Kelley, 72. Kelley…
The Baccarat table found outside the gambling den in Yannawa district on Monday. (Photo: Wichan Charoenkiatpakul) A video spreading on social media shows men hastily removing the security cameras at a gambling den in Bangkok’s Yannawa district where four peopled were shot dead on Monday night, one of them an off-duty police major. “Remove all…