There is a rattling of ball bearings and a continuous chorus of electronic beeps and chimes; a strip-lit interior and the hypnotic flicker of flashing lights and glowing screens. Seated in front of them are several rows of human figures, most of them male, many of them wearing the dark suit of the Japanese salaryman.…
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A LOT has been written about the art of negotiation, but sometimes you don’t need a textbook. Waving a letter promising $3bn from one of the most powerful firms on Wall Street is usually a sure-fire way to get what you want. This was a lesson David Baazov was quick to grasp. Baazov, an Israeli-born…
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A casino boom made the New Jersey city the gambling capital of the east coast. Now it is over By the middle of this month, Atlantic City, which started the year with 12 casinos, will be down to eight, as the lights go out over vast swathes of the resort’s famous boardwalk. At a meeting…
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Nothing like losing your weekly pay packet to the bookies to learn the hard lesson about gambling Sir, I started work in the early 1960s and very often on pay day had to borrow my bus fare home because I had lost my wages in the bookies that afternoon. It proved an important lesson. Rachel…
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A finance worker has been jailed for spending more than £500,000 of her company’s clients’ money playing online bingo. Patricia Lomas, 55, diverted cash into her own account to fund her internet gambling addiction. Jersey’s Royal Court was told that Lomas spent £759,625 on gaming websites, of which £542,610 was taken from other people’s accounts.…
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It may have fallen behind the field in the performance stakes, but Ladbrokes appears to have got a jump on its rivals on the issue of problem gambling by announcing plans to link the matter to executive pay. Responding to the move, Carl Leaver, the chief executive of Gala Coral, said: “We think it is…
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Bookmakers breathed a sigh of relief after new government regulations on gambling left largely untouched the way they currently operate. There will also be new powers for councils to require bookmakers to make a planning application for any new betting shops on the high street, but with limited powers to turn them down, meaning that…
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A £300 million tax raid by the Treasury on internet gambling companies could be derailed after proposals to tax and licence offshore operators received a legal challenge. The move would put a big dent in profits of companies such as William Hill, Betfair and Ladbrokes that have moved their online operations to Gibraltar to take…
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