PokerStars Founder Plead Guilty and Faces Prison

In one of the last chips to fall from the Black Friday fiasco years back, the PokerStars founder plead guilty to operating an illegal online gambling business and could go to prison. Isai Scheinberg entered his plea in a New York federal court earlier this week.. The plea comes two months after the 73-year-old duel citizen of Canada and Israel originally surrendered to U.S. authorities. He was released on $1 million bail after initially pleading not guilty to all charges. Scheinberg is now facing up to five years behind bars. Scheinberg founded PokerStars in 2001 and continued to operate in…

Tabcorp Guilty of Running Illegal Gambling Advertisements

Australian betting operator Tabcorp has found itself in hot water over a 2015 promotion that offer rewards to new accounts. Sydney’s Downing Centre Local Court found the gambling operator guilty of three counts of illegally luring punters to open accounts, skynews.com.au reported on Friday. The promotion in question was published in a newspaper and online in August 2015 and offered bonus bets as well as other rewards as inducements, according to the news outlet. Government outlaws bookmakers to publish ads tempting residents in New South Wales with enticements to gamble or open betting accounts.Tabcorp, which has denied the offences, will…