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$1.5m Misappropriated by Lonely Finance Clerk

Posted November 24, 2010 – 11:31 am in: SPORTS BETTING

$1.5 million was misappropriated by a Lonely finance clerk. It is a major charity organization. He misappropriated the funds to fund his pathological addiction to sports betting. Dinesh Enoka Abeysuriya stole $1.5 million from the Uniting Church’s Blue Care organization, while the District Court in Brisbane was told; the value of shortfall was about $900,000. [...]

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Little Brown Jug – Future Wagering Pools – Preview

Posted August 24, 2010 – 12:33 pm in: SPORTS BETTING

At 12:00 noon on Thursday, August 26, wagering on the first of two Little Brown Jug future wagering pools will get underway at tracks and internet sites throughout North America and Europe. Through 11:30 p.m. Sunday, August 2, future wagering will be offered. In the first future jug pool, Battle of Brandywine winner Rock N [...]

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Internet Gambling Legalization

Posted August 3, 2010 – 12:44 am in: SPORTS BETTING

For the legalization and taxation of American internet non-sports gambling and poker, Wednesday the House Financial Services Committee approved a bill that could pave the way. The vote in the House on Wednesday July 28th resulted in a 41-22 vote to approve the bill, in a move inspired by a need to capitalize on creative [...]

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World’s first Sports Betting Hedge Fund unveiled: Sports Betting

Posted July 14, 2010 – 6:15 am in: SPORTS BETTING

Galileo works just like any other hedge fund, in which a select group of investors buys in to one fund that follows a specific investing strategy, this spring; Galileo Sports Fund became the first sports betting hedge fund in the world. Centered in London. In the case of Galileo, to sports betting, that strategy is [...]

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