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PartyGaming is preparing to announce a $300 million settlement with US authorities in relation to its online poker activities prior to the 2006 ban. A number of founder members of PartyGaming are also being prosecuted by the authorities and while the company itself has issued a plea bargain it appears as though the controlling directors are set to go to court.

Anurag Dikshit is one of those directors who is rumoured to be on the verge of announcing a personal $300 million settlement with the authorities although there is also speculation he has refused to pay any fines. This situation has been ongoing for sometime now and while rumours continue to circulate that online gambling will return to the US in a different form over the next couple of years, it appears that the authorities are still looking for their share of income from past years trading.  I think that this would be a good move on his part, who needs this kind of crap following them around.

In suprising results, high-stakes women gamblers who use the Internet to wager on games win more often than men, according to a Harvard Medical School study. The Bwin-sponsored Harvard Medical School study of online sportsbettors continues to reveal interesting and useful information on betting demographics and patterns.

The latest results released from the 40 499-person study “favour women as exhibiting more effective sports gambling behaviour than men,” wrote Massachusetts-based author Richard LaBrie and his team of researchers. The results of the study, to be published later this year by Berlin-based Axel Springer, were carried in Bloomberg news service reports Friday.

Women wager higher stakes with more intensity than men. According to the study’s sample, women risked an average Euros 15 ($20.17) per wager and bet 15 percent more often than men in a defined time period. Men, who comprised almost 92 percent of the study’s sample, wagered an average Euros 11 per bet.

The study used data from Bwin Interactive Entertainment AG, an Austrian online bookmaker. The conclusions are based on eight months of gambling patterns directly observed from player records in 2005.

The survey’s biggest bettors were 50 percent less likely to lose than smaller players, according to the 16-page report, titled Assessing the Playing Field: A Prospective Longitudinal Study of Internet Sports Gambling Behaviour.

People who wagered a median Euro 44 per bet lost 9 percent of the time, while people who wagered Euro 1 per bet lost 18 percent of the time.

“Individuals who made larger wagers lost proportionately less than individuals who made smaller wagers,” the researchers said. “These players place extreme amounts of money at risk but extreme losses did not moderate their play.”

Earlier reports from the study cast doubts on assertions that online sportsbetting is addictive. Personally I have no doubt that online gambling can be very addictive to a small number of players but those same folks would probably just be additcted to another type of gambling if online was not available to them.  All online casinos should help support gamblers annonymous type sites.

This one has taken some weird turn and twist, I am refering to the murder case of Yang Zhen Xing, his girlfriend and their pet cat. Investigators are now looking at the Summer Olympics and Beijing underground for clues.

Investigators are still trying to determine why a Chinese couple were found brutally murdered in their Newcastle West End flat in what was described as a “frenzied knife attack”, quite possibly related to a gambling scam. At least one of the victims had been tortured for more than an hour.

Chinese sources in Newcastle told The Times that Yang Zhen Xing, 25, had placed advertisements on UK-based Chinese-language websites to recruit people to watch and report on football matches around the world just prior to his murder on August 9.

Police said Mr Zhen,25, was “assaulted for more than an hour” before being stabbed. They believe passers-by may have heard his screams. Examinations also showed Miss Xi had been asphyxiated as well as stabbed during the attack. A cat was also found drowned to death in a water basin.

Northumbria police confirmed that officers had flown to the Chinese capital to help solve the murders, according to the Guardian newspaper. Officers from Scotland Yard’s serious crime directorate, which has detectives specialising in investigating executions by Chinese gangs, including the triads, have joined the team.

Detectives are exploring the theory that a major criminal network might have sanctioned a double hit rather than the murders being the result of a local dispute, that paper reported on Sunday.

Detectives revealed information on a seized computer and three mobile phones showed the pair may also have arranged forged professional qualifications as well.  One line of inquiry involves claims Mr Zhen recruited spectators online to send live updates from UK football matches, according to a BBC report.

It is claimed syndicates in China, where matches are televised a minute behind, could take advantage of this. Det Supt Wade stated: “Our officers have the support of forces across the country in their efforts to bring the killer or killers of Xi Zhou and Zhen Xing Yang to justice.

Detective Wade said that investigators were sifting through phone records to determine a time of the murder and who the couple may have contacted prior to their bloody murder.

A major Chinese-based international betting syndicate, which employed Yang as an international agent in its efforts to gain an edge when betting on the results of Premier League football games shown in China, is understood to be under investigation by police as well according to the Guardian.
Detectives in China, London and Northumbria are concentrating upon the theory that Yang - known to friends as Kevin - had double-crossed his employers and was visited last weekend by a gang determined to take revenge for missing payments. A series of threats posted on Chinese Mandarin websites by people allegedly recruited by Yang and who had not been paid are being tracked down in UK and China.

Yang, who graduated along with his girlfriend in 2006, might have been tortured because his killers wanted to find cash linked to the alleged racket. He was eventually bludgeoned and stabbed to death. Zhou, a waitress at a Newcastle noodle bar, was asphyxiated, possibly in an attempt to stifle her screams. The murder weapons - a knife and another sharp-edged instrument - have yet to be found.  This case may very well leave a black-mark on these Olympic Games.