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Pro poker player and sports betting tout Cory Zeidman pleaded guilty in a federal court in New York Wednesday to defrauding customers in his sports handicapping business. Cory Zeidman, above, charged “extortionate” fees for sports betting advice that was either “fictitious or obtained from an internet search,” according to the feds. (Image: Seminole Coconut Creek) Federal prosecutors alleged that the World Series of Poker bracelet winner and his co-defendants duped customers to pay for betting advice by claiming to have insider knowledge, “only to feed them lies and pocket millions of dollars from their savings and retirement accounts.” Boca Raton, Fla. resident Zeidman, 61, has earned almost $700,000 in gross …

Former Democratic presidential and New York City mayoral candidate Andrew Yang believes sports wagering is having adverse effects on American men and that states should do a better of job regulating the industry to prevent further harm. Andrew Yang at a 2020 Democratic presidential debate. He said sports betting is harming American men. (Image: CNN) In an editorial for Newsweek, the entrepreneur and lawyer admits he too is a bettor and has been for a couple of years after being seduced by a $250 promotion run by an unidentified sportsbook. He acknowledged that he wished he didn’t bet on sports, emphasizing the activity prays on emotions that are more common …

EDITOR’S NOTE: “Vegas Myths Busted” publishes new entries every Monday, with a bonus Flashback Friday edition. Today’s entry in our ongoing series originally ran on March 3, 2023.  Hunter S. Thompson, who died by suicide 18 years ago last Monday, is famous for being a gonzo journalist. So, many of his fans regard his book, Fear and Loathing in Las Vegas, as a journal of events that actually occurred. Hunter S. Thompson (left) and Oscar Acosta pose in the Baccarat Lounge at Caesars Palace in April 1971. (Image: ‘Fear and Loathing in Las Vegas’ book cover) Actually, that’s not so much their fault, since Random House published the author’s 1972 masterwork …

Thanksgiving and football are the ideal pairing because both are distinctly American, and while sports wagering isn’t a US-only phenomenon, plenty of domestic bettors will feast on football betting along with their turkey this week. Patrick Mahomes (#15), Travis Kelce (#87), and the Kansas City Chiefs will play the Las Vegas Raiders on Friday in one of the games that could spark increased sports betting handle over Thanksgiving Week. (Image: USA Today Sports) In a new report to clients, Macquarie analyst Chad Beynon estimates that US bettors will place $4.5 billion worth of wagers this week in regulated markets. Beynon defines Thanksgiving Week as the period spanning November 25 to …

Boyz II Men grabbed some unwanted attention from the F1 Las Vegas Grand Prix on Saturday by butchering an a cappella version of the national anthem. Boyz II Men  came into the F1 Las Vegas Grand Prix promising a memorable performance and delivered one for the wrong reason. (Image: YouTube/@Fe1ipe) It was clear that the four-time Grammy winning soul stars, known for their chart-topping 1992 hit “End of the Road,” were in trouble from only their third note. Their attempt to harmonize on the “Oh” in “Oh say can you see?” resulted in a flat clunker from which the trio never fully recovered. Oh Say Can You Sing? Immediately, social …

Brad Pitt may be an F1 fan, but that’s not the primary reason he was spotted around town during last year’s inaugural Las Vegas Grand Prix. Nor is it why he has returned, along with the second annual race, this week. Brad Pitt will star as an F1 racecar driver in an upcoming Jerry Bruckheimer movie. (Image: Warner Bros. Pictures) Pitt is toplining a movie for Warner Bros. called “F1.” It’s due in theaters June 27. Pitt films a scene for “F1” on Tuesday night. (Image: @backgrid) Pitt’s appearance at last year’s Las Vegas Grand Prix was primarily for research for the role. But this time, scenes are being filmed. …

A Polymarket trader who won roughly $11 million betting on Donald Trump’s return to the White House lost almost a third of that money after backing a comeback that failed to materialize at Texas’s AT&T Arena on Friday night. Mike Tyson and Jake Paul trading blows at the Texas’s AT&T Arena on Friday night. Despite the hype, the fight was a pretty drab affair. (Image: Netflix) YouTube star turned boxer Jake Paul’s underwhelming defeat of a distinctly rusty “Iron” Mike Tyson in Friday’s overhyped Netflix spectacle, represented a body blow for the bettor who had $3.6 million riding on the contest. In the lead-up to the bout, “zxgngl” bought over …

The house doesn’t always win. DraftKings’ (NASDAQ: DKNG) after-hours tumble proves as much as shares of the online sportsbook operator slid after the company lower its 2024 earnings and revenue guidance, citing good fortune by clients in the current quarter. A DraftKings billboard appears at Times Square in New York City. The stock slipped late Thursday after the company pared its 2024 guidance. (Image: NASDAQ) In extended trading, DraftKings was lower by 5.71% at this writing after the company said it now expects 2024 earnings before interest, taxes, depreciation, and amortization (EBITDA) of $240 million and $280 million on revenue of f $4.85 billion to $4.95 “due to the impact …

Hard Rock Bet, the only legal online sportsbook in Florida, is partnering with one of the state’s most cherished sports bars in Duffy’s. Hard Rock Bet and Duffy’s Sports Grill are teaming up to promote sports betting in Florida. Duffy’s is now an Official Game Day Partner of Hard Rock Bet. (Image: Casino.org) Hard Rock Bet is the retail and online sportsbook of the Seminole Tribe of Florida. On Thursday, the sportsbook brand announced a partnership with Duffy’s Sports Grill that will identify each of the restaurant and bar’s 30 brick-and-mortar locations as an Official Game Day Partner of Hard Rock Bet. Known for being the home of two-for-one drinks …

Shares of Rush Street Interactive (NYSE: RSI) surged in Wednesday’s after-hours trading session after the gaming company boosted its 2024 earnings guidance while announcing a $50 million share buyback plan. The Rush Street Interactive corporate logo. The company upped its 2024 earnings and revenue guidance and announced a $50 million share repurchase plan. (Image: Rush Street Interactive) In conjunction with the release of its third-quarter results, the BetRivers parent said it now expects 2024 earnings before interest, taxes, depreciation, and amortization (EBITDA) of $82 million to $86 million. That’s well above the guidance the company issued earlier this year. RSI expects Adjusted EBITDA for the full year ending December 31, …