Wednesday, October 24, 2012

Big Time Sports Bookmaker, ESPN Radio Star Arrested In Vegas

From the LVRJ:
Cantor Gaming sports book director Mike Colbert was arrested Wednesday by state gaming agents in conjunction with a warrant filed by the District Attorney's office in Queens County, N.Y.
Gaming and legal sources confirmed the charges involve PinnacleSports.com, one of the largest off-shore sports wagering websites. Sources said agents for the website were arrested in several cities Wednesday. New York prosecutors are expected to release more information Thursday morning at a news conference.
Colbert, 32, was booked into the Clark County Detention Center on a fugitive charge. He faces eight counts of conspiracy, money laundering and enterprise corruption.
He is scheduled to appear Monday in Clark County District court.
Gaming Control Board Chief of Enforcement Jerry Markling said Colbert was arrested at 6 a.m. at his home. He was one of eight people arrested in Las Vegas in connection with New York charges.
Colbert was the only person arrested with ties to Nevada's gaming industry....
In his role with Cantor, Colbert is the operation's chief oddsmaker and oversees the company's race and sports book business.Cantor Gaming leases space inside seven Las Vegas-area casinos - M Resort, Cosmopolitan of Las Vegas, The Venetian, Palazzo, Tropicana, Hard Rock and Palms - and owns and operates the race and sports book facilities.
According to various sports wagering publications Colbert is a 10-year veteran of the state's race and sports book industry. He is considered one of the industry's most respected personalities and routinely is quoted on sports wagering issues by national publications and on sports talk radio programs.
  http://www.lvrj.com/business/sports-book-director-for-cantor-gaming-arrested-175670521.html
Today, ESPN 1100 AM radio was pretty quiet on the arrest even though I have heard Colbert talking a lot on ESPN radio.
Hopefully, these are trumped up charges.

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