First UK Gambling Billionaires!

BET365 Owners Become The First UK Gambling Billionaires!

Bet365 owners, the Coates family, have become the first UK gambling billionaires according to the latest figures pulled out of thin air from the makers of the Sunday Times Rich List of 2014.

Who are the biggest hitters in the UK gambling industry?

According to the annual outing of the Sunday Times Rich List it's Peter, Denise and John Coates, who have become the first billionaires of the UK betting industry, with their Bet365 baby pulling in an estimated £1.2bn fortune (more than the combined wealth of The Queen, Elton John, Jamie Oliver and David Bekham).

It's been a fantastic year for the Potteries based family. Not only has their online business been bringing in the bucks, but their side venture Stoke City enjoyed the highest Premier league position in their existence, after the appointment of Mark Hughes helped catapult them to a ninth place finish. So who else was making a splash in an ocean full of cash?

Talal Shakerchi is a name that should be familiar with CalvinAyre readers. He recently spoke to us about the action in the High Roller events, and whilst he is not in the gambling industry per se, his success at the poker tables means our beady eye will be kept on him. The founder of Meditor Capital appears in the Sunday Times bible on two occasions. Not only does his £100m fortune warrant a 898th place berth, but he is the only recognized face in the Sunday Times Giving List with an estimated 4.79% of his wealth being donated to 'various' beneficiaries.

Another top class businessman who likes to play some high stakes poker in his spare time is Paul Newey. The 45-year old sold the Tamworth based Ocean Finance in 2006 for £200m, and he played alongside Shakerchi in the 2012 BIG ONE for ONE DROP at the World Series of Poker (WSOP). Newey once again making the grade in the list that he doesn't really want to be on.

Other online gambling fat cats include Ruth Parasol and Russ Deleon - who together are worth an estimated £740m. Parasol was the founder of PartyGaming and made a mint during the merger with Bwin. None of the 25 richest people in Europe had anything to do with gambling. but we still have quite a few people to mention in the Uk top 1,000.

Source: calvinayre.com

Mt. Gox Frozen Assets

Mt. Gox has now filed for bankruptcy protection both in the United States and in Japan. Additionally, both the company and Karpeles have had their US assets frozen in connection with numerous civil complaints and at lease one criminal probe.

Further, Mt. Gox has so far failed to explain the reason for the discrepancy between the amounts of cash liabilities on its balance sheet and the balance of cash held on banks accounts to be owned by the company. Karpeles testified in a Texas bankruptcy court on Monday, march 10th, that Mt. Gox was the target of a massive and lengthy attack by computer hackers, but admitted that the exchange continued to accept trading orders and collect fee income for weeks after management knew that Fox was technically insolvent.

Source: coindesk.com

Bitcoin Casino News Flash

William Hill launches Android app to follow up iOS download success

William Hill has launched its Android application and will include live streaming of horseracing and in-play radio as part of its mobile betting offering. The app complements the bookmaker’s iPhone version, which has been downloaded 1.5 million times, the group said.

Juergen Reutter, operations director at William Hill Online, said the Android app was “a significant and important milestone in our goal. Mobile is growing phenomenally quickly and is a fantastic way to engage with our customers anytime, anywhere".