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Las Vegas Sports Betting: Alleged Ponzi Scheme Bilked $8.5M From Victims

las-vegas-sports-betting:-alleged-ponzi-scheme-bilked-$8.5m-from-victims

Matthew J. Turnipseede, 49, of Las Vegas, Nev., was indicted Thursday for defrauding 72 investors out of more than $8.5 million. A Las Vegas resident has been indicted for running a Ponzi scheme that stole $8.5 million from investors. According to the US Department of Justice, Matthew Turnipseede’s sports betting business was fraudulent. (Image: boydsbets.com)

Rush Street Interactive Inching Closer to Profitability

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Like so many online sportsbook operators, Rush Street Interactive (NYSE:RSI) struggled to reach profitability following its initial public offering (IPO). But those dark days could be drawing to a close. A Bet Rivers sportsbook in Illinois. Operator Rush Street Interactive is stemming losses. (Image: Wall Street Journal) The gaming company reported a second-quarter earnings before

Massachusetts Sports Betting Won’t Start Soon, Gaming Regulators Caution Public

massachusetts-sports-betting-won’t-start-soon,-gaming-regulators-caution-public

The Massachusetts Gaming Commission (MGC) today held its first meeting since state lawmakers passed legislation to authorize sports betting. Massachusetts Gaming Commissioner Bradford Hill expresses concerns during the agency’s virtual meeting on August 4, 2022, that the public might think legal sports betting is imminent. The regulator says time is needed to finalize sports betting

Lake Mead Buoyed 3 Inches After Rains

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Following the monsoonal rains that pummeled Las Vegas last week, a 3-inch rise has been measured in Lake Mead’s historically low water level, according to a report in the Las Vegas Review-Journal. Is this silver lining to the downpours something to be celebrated? A viral Twitter video shows flooding at the Circa sportsbook last week.

Circa Sports Boosts UFC Betting Limits

circa-sports-boosts-ufc-betting-limits

Circa Sports is lifting its limits on UFC wagering, including a move to accepting up to $50,000 bets on main events on the day those fights are scheduled. The Circa Sportsbook in downtown Las Vegas. The operator is boosting its UFC betting limits. (Image: Los Angeles Times) Circa Sports Sportsbook Director Matt Metcalf made the

Tennis Match-Rigging Chilean Player, Italian Judge Latest to Fall

tennis-match-rigging-chilean-player,-italian-judge-latest-to-fall

Tennis players and umpires around the world are causing a racket. Over the past several months, a number of them have received bans for match-fixing, and two more are now on the list. Chilean tennis player Michel Vernier Quinteros practicing on a court. The ITIA has suspended him following his admission that he rigged matches.

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