Mobsters will lose ‘core business’ thanks to legal sports betting: experts
The mob’s gambling racket is about to sleep with the fishes. The US Supreme Court’s sports-betting ruling dealt a losing hand to organized crime in the New York area, legal experts said Monday. Gambling and loan-sharking have traditionally been the mob’s “bread and butter,” and the decision will “significantly reduce” its clientele, former federal prosecutor Thomas Seigel said.
Read more: https://nypost.com/2018/05/14/mobsters- ... g-experts/
Supreme Court Ruling on Sports Betting
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willychichi
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Re: Supreme Court Ruling on Sports Betting
Obama's a pimp he coulda never outfought Trump, but I didn't know it till this day that it was Putin all along.
Re: Supreme Court Ruling on Sports Betting
Philly to casinos it 15$ tolls both ways tank of gas and if it’s a weekend it’s 380$ per night for a room and if you don’t stay then it’s a possible 15g DUI after a day in a sport book . Just think same guys will walk down the block to the bakery and have a coffee and see or call there book way before heading out for a weekend trip .
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FriendofFamily
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Re: Supreme Court Ruling on Sports Betting
Someone is going to make money - it is just a matter of who get it.
Know which Game to Play
Re: Supreme Court Ruling on Sports Betting
LOL, who's the experts?willychichi wrote: ↑Tue May 15, 2018 3:59 am Mobsters will lose ‘core business’ thanks to legal sports betting: experts
The mob’s gambling racket is about to sleep with the fishes. The US Supreme Court’s sports-betting ruling dealt a losing hand to organized crime in the New York area, legal experts said Monday. Gambling and loan-sharking have traditionally been the mob’s “bread and butter,” and the decision will “significantly reduce” its clientele, former federal prosecutor Thomas Seigel said.
Read more: https://nypost.com/2018/05/14/mobsters- ... g-experts/
Salude!
Re: Supreme Court Ruling on Sports Betting
Anastasia did this video a while back explaining why he doesn't think legalized sports betting will hurt the mob.
https://youtu.be/n2yMwjy_T0M
Article covering the status of legalized gambling in every state.
https://www.usatoday.com/story/sports/2 ... 607334002/
https://youtu.be/n2yMwjy_T0M
Article covering the status of legalized gambling in every state.
https://www.usatoday.com/story/sports/2 ... 607334002/
All roads lead to New York.
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Confederate
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Re: Supreme Court Ruling on Sports Betting
@Wiseguy, Thanks for posting the Anastasia video. Legalized sports betting will bring in new customers. There is no question about it. However, in my opinion which corresponds with Anastasia, very few guys who book with the mob operations will change and NOW get in their fucking car and drive to a casino and GIVE the Casino money for the bet. I seriously doubt it. Maybe A FEW will switch but the vast majority of guys who ALREADY bet with the Mob will continue because of CREDIT. The few guys who do switch to now bet on NON CREDIT will be replaced by some NEW bettors who see the advantage of betting on Credit and settling up once a week. I would basically call it an even wash. It seems to me these guys can relax at home and just pick up a phone and not worry about getting dressed, driving through traffic, waiting in line and giving money to the casino each time they want to make a bet. I guess time will tell.Wiseguy wrote: ↑Tue May 15, 2018 8:36 am Anastasia did this video a while back explaining why he doesn't think legalized sports betting will hurt the mob.
https://youtu.be/n2yMwjy_T0M
Article covering the status of legalized gambling in every state.
https://www.usatoday.com/story/sports/2 ... 607334002/
" Everything Woke turns to shit".
Re: Supreme Court Ruling on Sports Betting
Odds are, underworld bookmaking is here to stay in R.I., experts say
By Tom Mooney
May 21, 2018
On the same morning last week that Senate President Dominick Ruggerio mused on talk radio about a possible future with sports betting parlors dotting the state, James Petrella stood before a court magistrate and pleaded out to organized criminal gambling.
Ruggerio's remarks came a day after the U.S. Supreme Court legalized sports betting.
Petrella's change of plea came two years after Rhode Island's last big underworld sports-betting bust, when, in April 2016, the state police arrested 20 people — including two minor-league baseball players — in "Operation Free Roll" and charged them in a multi-million-dollar bookmaking conspiracy.
While state lawmakers rush to take advantage of the high court's ruling — Gov. Gina Raimondo wagered on its decision and included $23.5 million in anticipated sports betting revenue in her new fiscal budget — law enforcement officials, a former underworld figure and others say don't bet on illegal gambling disappearing entirely.
Magistrate John F. McBurney III says there was no talk of irony or of the high court's decision last week when Petrella, 33, of Narragansett, appeared before him in Kent County Superior Court and pleaded no contest to what may soon become a legitimate Rhode Island pastime.
Prosecutors alleged that gamblers used Petrella's co-owned restaurant, Portside, along with the Cozy Grill, in Warwick, owned by Thomas Pilderian, to place and settle bets. Proceeds of the operation, says state police Lt. Col. Joseph Philbin, went to "remnants" of the Patriarca crime family, which for decades used bookmaking to finance its operation.
McBurney, a former state senator from Pawtucket and one-time member of the state Lottery Commission, says it's too early to tell if legal sports betting will cut "into the organized crime element" and he sees fewer gambling cases before him.
He says he hopes the state "goes all the way" and legalizes all forms of sports betting now rather than take the "piecemeal" approach it used with casino gambling, first approving video-slots and only years later actual table games at Twin River Casino, in Lincoln.
For decades "there has been a lot of wringing of hands" about gambling, and consequently millions of dollars lost in state revenue, McBurney says, as lawmakers moved too cautiously with gambling at Twin River, and the video-slot parlor at Newport Grand Casino.
Now that sports gambling has arrived, it's time to go all in, McBurney says: "Whatever we can do to maximize what the Supreme Court has decided, we should."
One former Providence mob associate, now in the federal Witness Protection Program, says underworld bookmaking will survive legal sports betting because of an exclusive benefit it offers gamblers: betting on credit.
Illegal bookmakers allow — in fact, encourage — their customers to bet on credit, he says; a simple phone call and the bet is made without any cash changing hands. That won't happen with legal sports gambling, where customers will have to put money up front first to wager.
Often times the underworld gambler is already in credit trouble: "These guys don't have credit cards," the former mob associate said. "So when you're a bookie, you want these guys to lose. Then they're playing on credit and then they owe you. That's how the mob infiltrates a lot of it. They get you in a position where you have to borrow money to keep your business going. That's how you get in trouble.
"The mob is different from a bank, which will foreclose on your house if you owe them," he says. "The mob forecloses on your body."
State and local police say they spent months investigating the bookmaking operations at the Cozy Grill and Portside. They listened in on phone conversations as more than a thousand bets were made on everything from Providence College basketball to NASCAR races.
The bets were then often transferred to two online sports betting websites, based in Central America.
Steven O'Donnell was the state police superintendent during "Operation Free Roll," and in his earlier years worked undercover as a bookie.
Nationally illegal gambling is a $150-billion industry and "statewide it's a huge underground economy," O'Donnell says. "I don't know if anyone could put a figure on it, but over the years we've handled multi-million dollar bookmaking operations to the small-time ones. Ninety-nine percent of the ones we do are tied to traditional mafia."
O'Donnell says, "I don't really see how you take the organized crime element out of bookmaking" particularly since it operates on credit, players don't need to report their winnings for tax purposes and the General Assembly may restrict legal sports gambling to Twin River in Lincoln and the company's new casino, under construction in Tiverton, leaving ample room for illegal gambling to thrive.
"It will all depend what kind of legislation comes out of this," he says, and how fast. He notes it took years for the state to grapple with its medical marijuana program and the lucrative black market that spun from it.
While lawmakers debate how to implement legal sports betting and professional leagues wrestle with how to protect the integrity of their games, O'Donnell wonders what college athletes will be told.
For years, O'Donnell says he visited Providence College, Bryant University and even the New England Patriots speaking with athletes about what area bars and restaurants to avoid and explaining how bookmaking works.
"What do you tell student athletes now that sports betting is legal?"
James Petrella was the last of the 20 suspects in "Operation Free Roll" to plead no contest to the charges, court records show. None went to prison. Petrella, like most of the others, received a suspended sentence and probation. His total fines came to $2,259.25
https://www.google.com/amp/www.providen ... ate=ampart
By Tom Mooney
May 21, 2018
On the same morning last week that Senate President Dominick Ruggerio mused on talk radio about a possible future with sports betting parlors dotting the state, James Petrella stood before a court magistrate and pleaded out to organized criminal gambling.
Ruggerio's remarks came a day after the U.S. Supreme Court legalized sports betting.
Petrella's change of plea came two years after Rhode Island's last big underworld sports-betting bust, when, in April 2016, the state police arrested 20 people — including two minor-league baseball players — in "Operation Free Roll" and charged them in a multi-million-dollar bookmaking conspiracy.
While state lawmakers rush to take advantage of the high court's ruling — Gov. Gina Raimondo wagered on its decision and included $23.5 million in anticipated sports betting revenue in her new fiscal budget — law enforcement officials, a former underworld figure and others say don't bet on illegal gambling disappearing entirely.
Magistrate John F. McBurney III says there was no talk of irony or of the high court's decision last week when Petrella, 33, of Narragansett, appeared before him in Kent County Superior Court and pleaded no contest to what may soon become a legitimate Rhode Island pastime.
Prosecutors alleged that gamblers used Petrella's co-owned restaurant, Portside, along with the Cozy Grill, in Warwick, owned by Thomas Pilderian, to place and settle bets. Proceeds of the operation, says state police Lt. Col. Joseph Philbin, went to "remnants" of the Patriarca crime family, which for decades used bookmaking to finance its operation.
McBurney, a former state senator from Pawtucket and one-time member of the state Lottery Commission, says it's too early to tell if legal sports betting will cut "into the organized crime element" and he sees fewer gambling cases before him.
He says he hopes the state "goes all the way" and legalizes all forms of sports betting now rather than take the "piecemeal" approach it used with casino gambling, first approving video-slots and only years later actual table games at Twin River Casino, in Lincoln.
For decades "there has been a lot of wringing of hands" about gambling, and consequently millions of dollars lost in state revenue, McBurney says, as lawmakers moved too cautiously with gambling at Twin River, and the video-slot parlor at Newport Grand Casino.
Now that sports gambling has arrived, it's time to go all in, McBurney says: "Whatever we can do to maximize what the Supreme Court has decided, we should."
One former Providence mob associate, now in the federal Witness Protection Program, says underworld bookmaking will survive legal sports betting because of an exclusive benefit it offers gamblers: betting on credit.
Illegal bookmakers allow — in fact, encourage — their customers to bet on credit, he says; a simple phone call and the bet is made without any cash changing hands. That won't happen with legal sports gambling, where customers will have to put money up front first to wager.
Often times the underworld gambler is already in credit trouble: "These guys don't have credit cards," the former mob associate said. "So when you're a bookie, you want these guys to lose. Then they're playing on credit and then they owe you. That's how the mob infiltrates a lot of it. They get you in a position where you have to borrow money to keep your business going. That's how you get in trouble.
"The mob is different from a bank, which will foreclose on your house if you owe them," he says. "The mob forecloses on your body."
State and local police say they spent months investigating the bookmaking operations at the Cozy Grill and Portside. They listened in on phone conversations as more than a thousand bets were made on everything from Providence College basketball to NASCAR races.
The bets were then often transferred to two online sports betting websites, based in Central America.
Steven O'Donnell was the state police superintendent during "Operation Free Roll," and in his earlier years worked undercover as a bookie.
Nationally illegal gambling is a $150-billion industry and "statewide it's a huge underground economy," O'Donnell says. "I don't know if anyone could put a figure on it, but over the years we've handled multi-million dollar bookmaking operations to the small-time ones. Ninety-nine percent of the ones we do are tied to traditional mafia."
O'Donnell says, "I don't really see how you take the organized crime element out of bookmaking" particularly since it operates on credit, players don't need to report their winnings for tax purposes and the General Assembly may restrict legal sports gambling to Twin River in Lincoln and the company's new casino, under construction in Tiverton, leaving ample room for illegal gambling to thrive.
"It will all depend what kind of legislation comes out of this," he says, and how fast. He notes it took years for the state to grapple with its medical marijuana program and the lucrative black market that spun from it.
While lawmakers debate how to implement legal sports betting and professional leagues wrestle with how to protect the integrity of their games, O'Donnell wonders what college athletes will be told.
For years, O'Donnell says he visited Providence College, Bryant University and even the New England Patriots speaking with athletes about what area bars and restaurants to avoid and explaining how bookmaking works.
"What do you tell student athletes now that sports betting is legal?"
James Petrella was the last of the 20 suspects in "Operation Free Roll" to plead no contest to the charges, court records show. None went to prison. Petrella, like most of the others, received a suspended sentence and probation. His total fines came to $2,259.25
https://www.google.com/amp/www.providen ... ate=ampart
All roads lead to New York.
Re: Supreme Court Ruling on Sports Betting
Only way is if the laws change and it no longer becomes a slap on the wrist which it is for guys that aren't connected with mob and RICO b.s.
Salude!
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willychichi
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Re: Supreme Court Ruling on Sports Betting
A good piece on the push in NY State
Gambling world descends on Albany to get sports betting law OK'd
On Thursday, at a private club two blocks from the state Capitol, a group of executives from casinos, racetracks and off-track betting corporations in New York gathered. A main topic for discussion: how to get everyone on the same page in order to present a united front to advance an intense lobbying campaign underway at the Capitol to legalize sports gambling in New York before state lawmakers end their 2018 session on June 20. It is a matter that has drawn the interest of gambling executives from downtown Buffalo to midtown Manhattan and elsewhere in New York, as well as Toronto, Boston, Las Vegas, Malaysia, Gibraltar and Great Britain.
Read more: http://buffalonews.com/2018/06/02/gambl ... g-law-okd/
Gambling world descends on Albany to get sports betting law OK'd
On Thursday, at a private club two blocks from the state Capitol, a group of executives from casinos, racetracks and off-track betting corporations in New York gathered. A main topic for discussion: how to get everyone on the same page in order to present a united front to advance an intense lobbying campaign underway at the Capitol to legalize sports gambling in New York before state lawmakers end their 2018 session on June 20. It is a matter that has drawn the interest of gambling executives from downtown Buffalo to midtown Manhattan and elsewhere in New York, as well as Toronto, Boston, Las Vegas, Malaysia, Gibraltar and Great Britain.
Read more: http://buffalonews.com/2018/06/02/gambl ... g-law-okd/
Obama's a pimp he coulda never outfought Trump, but I didn't know it till this day that it was Putin all along.
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CabriniGreen
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Re: Supreme Court Ruling on Sports Betting
Question for all the New Yorker - gentlemen gamblers...
How excited are you guys about Delaw as re? Is it worth the trip to you to go up there to place wagers?
Or will you just stick with your guy?
How excited are you guys about Delaw as re? Is it worth the trip to you to go up there to place wagers?
Or will you just stick with your guy?
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CabriniGreen
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Re: Supreme Court Ruling on Sports Betting
CabriniGreen wrote: ↑Sun Jun 03, 2018 5:51 am Question for all the New Yorker - gentlemen gamblers...
How excited are you guys about Delaware? Is it worth the trip to you to go up there to place wagers?
Or will you just stick with your guy?
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CabriniGreen
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Re: Supreme Court Ruling on Sports Betting
Sorry about The double, ...
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NJShore4Life
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Re: Supreme Court Ruling on Sports Betting
This will not change the way I gamble one bit on sports, yeah now I may go to AC for the SuperBowl and March Madness but no it wont change the way I gamble on sports
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willychichi
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Re: Supreme Court Ruling on Sports Betting
Delaware draws $322,135 in bets on Day 1 of full-scale betting Tuesday
On a day without an NBA Finals game or Stanley Cup Final matchup, there was still plenty of betting action when Delaware opened for business Tuesday. According to Vernon Kirk, director of the state lottery, $322,135 was bet on sports at Delaware's three casinos Tuesday, the first day the state offered a full menu of betting options.
Read more: http://www.espn.com/chalk/story/_/id/23 ... ng-tuesday
On a day without an NBA Finals game or Stanley Cup Final matchup, there was still plenty of betting action when Delaware opened for business Tuesday. According to Vernon Kirk, director of the state lottery, $322,135 was bet on sports at Delaware's three casinos Tuesday, the first day the state offered a full menu of betting options.
Read more: http://www.espn.com/chalk/story/_/id/23 ... ng-tuesday
Obama's a pimp he coulda never outfought Trump, but I didn't know it till this day that it was Putin all along.
Re: Supreme Court Ruling on Sports Betting
So, in New Jersey it looks like there will be an 8.5% tax to winning sports bets placed at brick-and-mortar locations, along with a 13% tax from winning bets made online.
Each location will specify what sports you can bet on. All professional sports - baseball, basketball, hockey, football, soccer and golf - will be allowed. Legally, you can bet on college sports, except games involving teams from New Jersey or games taking place in New Jersey.
Meanwhile in New York it appears it may not even come up for a vote this year.
Each location will specify what sports you can bet on. All professional sports - baseball, basketball, hockey, football, soccer and golf - will be allowed. Legally, you can bet on college sports, except games involving teams from New Jersey or games taking place in New Jersey.
Meanwhile in New York it appears it may not even come up for a vote this year.
All roads lead to New York.