Core Viewpoint - Boyd Gaming's third quarter results exceeded expectations, but the positive performance was overshadowed by disappointing destination data and revenue from its Las Vegas casinos [2] Group 1: Financial Performance - The company reported better-than-expected third quarter results, indicating strong performance in certain segments [2] - Revenue generated from its 10 casinos in Las Vegas was disappointing, impacting overall investor sentiment [2] Group 2: Regional Performance - Strength was noted in the Midwest and South segments, suggesting that these areas are performing well compared to Las Vegas [2]

In this issue of Forbes Daily:- Trump said he was terminating all trade negotiations with Canada- More than 30 arrested in federal gambling probe, including NBA figures- These billionaires are spending big to stop Zohran Mamdani from becoming NYC’s mayorRead more: https://t.co/hznh04lkjD ...

Organized Crime & Gambling - The mafia has been involved in gambling for the last 100 years [2] - Gambling is considered an "easy pinch" for the mob, carrying lighter sentences than violent crimes [3] - The mob has a history of involvement in sports, including fixing matches [4] - Advanced technology is now being utilized by the mob in their operations [7] Mafia Structure & Operations - Multiple mafia families get involved when a racket is large and involves a lot of money [8] - The involvement of four families indicates a "huge racket" [8] - The investigation likely originated in the Eastern District of New York [8]

Sports Betting Impact on NBA - Carmelo Anthony believes sports betting affects athletes mentally, as they worry about fan reactions based on betting outcomes [3][4] - He suggests that the current betting environment changes the narrative of the game [4] - The discussion highlights the potential need for ramifications or changes related to sports betting's influence on the game [4][6] Integrity Concerns & Potential Manipulation - The report points out the risk of players manipulating their statistics to benefit specific bettors, referencing the Damon Jones and Terry Roier situation [5] - Prop bets, or individual player bets, are identified as a potential area of concern [5] Potential Solutions & League Response - Leagues may need to discuss limiting certain bets with betting companies, potentially eliminating prop bets or modifying available bets [7] - One suggestion involves not accepting bets on players playing less than a certain amount of minutes [8] - The NBA, previously very pro-gambling, might need to reconsider its stance and implement limits [9]

60 Minutes Rewind. Next Sunday on CBS, the Super Bowl will for the first time be held in Las Vegas, a fitting venue given the prominent role gambling plays in sports today. America's recently brought its age-old love of sports betting out of the shadows and onto our phones.And this has created an all-time mismatch, pitting man against machine. Gamblers, overwhelmingly young men, versus gambling companies armed with sophisticated AI, data, and engineering, enticing fans to make snap bets not just on games, b ...

Legal & Compliance - Two major fraud cases are announced, one involving sports betting and the other involving illegal gambling [1] - The indictments contain only allegations, and the defendants are presumed innocent until proven guilty [4] Sports Betting & NBA - A sports betting corruption scheme exploited confidential information about National Basketball Association athletes and teams [2] - The scheme is described as one of the most brazen sports corruption schemes since online sports betting became widely legalized in the United States [1] Illegal Gambling & Poker - A nationwide scheme to rig illegal poker games involved 31 defendants [2] - Millions of dollars were stolen from victims in underground poker games that were secretly fixed using high-tech cheating technology [2] - The games in the New York area were backed by the Banano, Gambino, and Genovves crime families of Lazinostra [3] Individuals Involved - Three overlapping defendants are charged in both cases: Damon Jones, Eric Ernest, and Shane Hennan [3] - Former professional athletes are among the defendants involved in the illegal poker games [2]

The legal issues are really serious. These are major felonies. These are conspiracy to commit wire fraud and related charges.The players could face conceivably years in prison if they're convicted. Obviously, they haven't been able to tell their side of the story yet. So we'll find out how the defense surfaces.But super serious and the allegations are that there's a player, there's a coach, a former coach, all of whom, of course, have access to information. A player can change his play to further bets. And ...

Legal & Regulatory - FBI director announced an insider trading saga related to NBA sports gambling, naming six defendants [1] - Investigation links to the previous ban of Raptors player Dante Porter for life due to felony charges [3] - 34 individuals are charged with a range of offenses including extortion, money laundering, wire fraud, bank fraud, and illegal gambling [5] Key Individuals & Teams Involved - Miami Heat's Terry Rosier and former Cavaliers player/assistant coach Damon Jones are named as defendants [1] - Terry Rosier allegedly shared information about leaving a game early on March 23rd, 2023, leading to $200,000 in wagers against his statistics [2] - Chanty Bilips (Trailblazers coach) and Terry Rosier are implicated in an underground illegal poker ring [3] Gambling & Financial Aspects - Illegal betting occurred between 2022 and 2024, involving game throwing or misuse of insider information [1] - Bettors profited tens of thousands of dollars from Rosier's insider information [3] - An illegal poker ring, associated with organized crime families, allegedly used celebrity athletes to lure gamblers, resulting in one victim losing $1.8 million and the ring generating tens of millions in total [4][5] - Sports books are considered victims, not perpetrators, in this situation [6] Organized Crime Involvement - Organized crime families associated with Lacosa Nostra were involved in the illegal poker ring [4] - The mafia allegedly modified card shuffling machines, barcoded decks, and used hidden cameras to cheat gamblers [4] - Threats of violence were used against those who refused to pay gambling debts [5]

NBA Impact - The NBA faces a catastrophic situation following the indictment, potentially overshadowing positive developments like a player's performance [18] - The league's involvement with sports betting companies is under scrutiny, with potential consequences arising from this association [19][20] - Insider information on prop bets undermines the fairness of the sport, which is devastating to fans [27] - The controversy could damage the NBA's reputation, especially during what has been a successful period under Adam Silver's leadership [28][29] Investigation Details - The investigations involve high-profile NBA figures like Terry Rozier and Chanty Billups [2][3] - Illegal poker games used advanced technology, including card shufflers, special glasses, and an X-ray table, to cheat unsuspecting players out of millions of dollars [4][5][6] - Organized crime was allegedly involved in collecting debts from victims who wouldn't pay up [6] - Multiple law enforcement agencies, including the NYPD and FBI, collaborated on the investigations, spanning across the country [8][9][10] Legal and Ethical Concerns - The NBA is fully cooperating with the investigation, and the commissioner is expected to address the matter [7][8] - The case highlights the risks associated with legalizing sports betting, including potential gambling addiction among players [20][21] - There are concerns about the effectiveness of current mitigation efforts by sports betting companies in preventing fraud [22][23] - The involvement of organized crime makes the investigation and prosecution more difficult [13][14] - Terry Rozier allegedly bet over $200,000 based on inside information about his injury [11]

Four major US crime families, as well as current and former NBA stars, are tied to an alleged gambling and sports rigging scheme, FBI says. Follow live updates: https://t.co/yNGFADlU2f ...