The FBI has broken up a sports gambling ring accused of operating internationally and taking millions of dollars in illegal bets from Southern California. Authorities said 18 members of the gambling ring were charged in an indictment unsealed Wednesday. Agents arrested 14 of the defendants during raids in Los Angeles and San Diego. One of the alleged ring leaders was captured in Norway. All persons connected to the sports gambling ring were also connected to Macho Sports, an Internet and telephone gambling business. According to the indictment, Jan Harald Portocarrero and Erik Portocarrero ran the business from Lima, Peru, using…

From iGaming Business The Canadian Gaming Association has instituted a counter on its C290NOW.ca website in order to help gauge the amount of money being illegally wagered through offshore online betting sites. The organisation supports the passage of Bill C-290, which was introduced into the House of Commons as a Private Member’s Bill in February of 2011 by Joe Comartin, a member of the left-leaning New Democratic Party, and is calling on the Senate of Canada bring to the measure to a vote. If passed, Bill C-290 would delete section 207(4)(b) of the nation’s Criminal Code prohibiting provinces from permitting…

From Gambling 911 San Diego’s ABC 10 is reporting that FBI agents have arrested and served warrants on a La Jolla, California man as part of an investigation into an international gambling ring. The house swarmed by federal agents at the 5800 block of Soledad Road belongs to Amir Moykaef, who law enforcement authorities confirmed has ties to the gambling ring. 19 others were arrested  throughout San Diego and Los Angeles as part of the investigation. Moykaef was previously charged with his involvement in a sports betting ring back in December 2011. Other named individuals in today’s sweeping arrests have…

In Australia, the Gambling Reform Joint Select Committee has issued a report urging the federal government to review an exemption that permits bookmakers to advertise their live odds during televised sporting events at times when children may be watching. According to a report from The Australian newspaper, the body recommended that the government institute an examination of the industry’s current self-regulation in this area with a view to repairing any loopholes. The Gambling Reform Joint Select Committee additionally called on legislators to review the promotion of live odds inside venues encompassing the display of special offers on team uniforms in…

From SBR Wimbledon 2013 is fast approaching. Considered one of the most prestigious of the Grand Slam events, the grass court tournament is typically the most competitive and sought-after trophy for many of the sport’s heaviest hitters. Sportsbook Review.com has assembled a grid of the best Wimbledon betting odds by sportsbook. The world’s number one ranked player Novak Djokovic is +150 to win at Wimbledon per Bet365’s sportsbook odds. Djokovic came up short in his Roland Garros pursuit, however oddsmakers expect the Serb to return to form on a surface more tailored to his game. Fresh off his winning his…

From Vegas Inc Wagering on sports has come a long way since the days of the cigar-chomping, mob-backed neighborhood bookie who would take bets on games. Today, the bettors are far more sophisticated, armed with computer-driven statistics and analytics used to beat the bookmakers in Nevada’s legal sports books as well as the offshore books that the Internet-savvy can find — betting markets that have an estimated $500 billion handle per year. Several presentations at this week’s International Conference on Gambling & Risk Taking offered research on trends gamblers are using to become more sophisticated in their betting. Kevin Krieger…