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Former Sun Cruz Founders Murder Suspects get Bail

Broward circuit judge Michael Kaplan did not find evidence strong enough against James Fiorillo and Anthony Moscatiello to keep them from posting bail.

The accused killers of Konstantinos Boullis, the founder of both Sun Cruz Casino boats and Miami Subs restaurant chain, are going to be released on bail, which is a rarity for accusers facing life in prison for murder.

The ruling could be a glimpse of what’s to come in the case as the judge did not find enough concrete evidence to hold the two men in jail. There is a lack of physical evidence and a lack of consistancy in the evidence that was presented the judge claimed in his written letter.

The two men are not released as of yet as a hearing still has to be scheduled to set to determine the terms of the pre-trial release of the suspects.

Korean Entrepreneur Arrested in Major Gambling Scandal

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Kim Min-seok has been at the forefront of a gambling arcade boom that has been in operation for over a decade, now he might have to pay the price after he was arrested.

Min-seok pannicked feverishly as authotities searched his home looking for evidence to link him to the gambling operation.

As his high rise home was being raided, Mi-seok tried to destroy evidence trying to throw his computer out the window and attempting to shred evidence.

Although gambling is illegal in South Korea, the arcade business has grown into a $27 billion market in the area.

Gambling laws have been passed developers in the country giving out gift certificates and other prizes instead of actual money.

Min-seok has been in the industry since he started a string of popular arcade games that grew into a multibillion dollar empire of gambling arcades for himself.


Illegal Gambling Operation Said to Be Run By WSOP Finalist

Just when the world of online gambling was settling down from the BetOnSports case and the Gold vs. Leyser WSOP suit, another World Series of Poker finalist had his home raided and much of his property seized police. The raid was said to be because of an illegal gambling operation that was run from the player’s home.

The player is Richard Lee and the case is peculiar. Lee finished in sixth place at this year’s World Series of Poker main event giving him a $3 million win. Yesterday, his home in San Antonio was raided and his five Lexus’ were towed away along with plasma TV’s and computers.

There is an odd connection with this case to the online gambling world. Supposedly, Lee and his partners accepted bets from others in his city, then placed the wagers online for those players. The name/url of the site Lee used will not be released until later in the week.

The bust is sending shivers down the spines of the online gambling world, especially after the recent arrests of BetOnSports CEO David Carruthers.

Police spokesman for this case, Joe Rios said, “It’s basically what we refer to as a bookie taking bets online and then placing those bets. He’s doing that illegally here in San Antonio instead of Vegas.”

That statement Rios, along with this statement, “We’re not talking $20 to $30, we?re talking hundreds of thousands of dollars, it was run like an online gambing site,” is what is scaring online gambling operators.

However, analysts believe this is simply a case of illegal gambling which used the internet as a tool.

Another angle to be watched is whether the $3 million winnings Lee won from his finish at the WSOP will be taken away because his $10k buy in to the tournament was made with illegally made money.

No arrest has been made yet, but they are expected.

More coverage of this case will be released as we get it.

Frist Continuing His Push To Eliminate Internet Gambling

Senate Republican Leader Bill Frist is continuing his assault on the online gambling industry, acknowledging that a deal could be hard to strike before lawmakers break at the end of September, but he still believes a law should be passed to outlaw most gambling sites uudet netticasinot.

The bill, which has already passed the House of Representatives, is being opposed vigorously lobists for casino owners and those with dog-racing interests.

The sites themselves would not be illegal but under the bill it would make it illegal for credit card companies and banks to make payments to any of these online sites.

There are many investors around the world keeping a close eye on the outcome of this debate as the United States makes up a large part of the worlds online gambling customers, and with the legal battles going on with, many investors have already pulled out of the U. S. market.

Many of the people that support the bill say that there is a need to clarify a 1961 federal law banning interstate telephone betting to include online gambling.

Casino Gambling Petition Needs More ‘Live’ Signatures

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A second attempt to collect signatures for a casino gambling petition in Ohio is underway. The goal of the effort is to submit enough signatures to get the new gambling expansion initiative on the November ballot.

The group in charge of the petition, known as Learn and Earn, is promoting a plan to place casino-style gambling slots at 7 horsetracks and 2 other sites in downtown Cleveland. The group originally came up about 9,000 signatures short and has been given more time to gather signatures.

As we reported last month, at least 2 counties in the area rejected a large number of the first sets of signatures, saying some had signatures of deceased voters and others had signatures with similar handwriting listed in alphabetical order as if copied from a voter registration list.

According to one of their spokesmen, Learn and Earn, backed a group of track owners and casino developers, submitted another 44,000 signatures Tuesday.