A Minnesota investment adviser has been sentenced to 25 years in prison for defrauding investors of millions of dollars. Forty-two-year-old Sean Meadows of Eden Prairie was sentenced Friday in federal court in St. Paul. Prosecutors say Meadows used his financial planning and asset management firm, Meadows Financial Group.
A 69-year-old Minnesota man accused of running an illegal bookmaking operation for about a dozen clients in North Dakota must pay back $250,000 and serve an additional four months in prison on top of the nearly six years he is serving on a separate case.
Recently-released research figures show that Minnesotans spent on average close to $100 per person during 2014. The figures were released by the Pew Charitable Trusts, who analyzed data from Stateline pertaining to the amount of money people in the U.S. shelled out for lottery tickets.
Lakes Entertainment Inc., owner of the Rocky Gap Casino Resort in western Maryland, said Thursday its pending merger with a privately held Nevada gambling company will be a boon to shareholders and create a company uniquely positioned for growth in other states. “We are very excited about this transaction and believe it will benefit Lakes’ shareholders tremendously,” CEO Lyle Berman said in a fourth-quarter earnings statement.
When Cal Stueve’s first-grade teacher asked him if he could count, he started at “two” and ended with “ace.” Stueve hasn’t given up his love for playing cards in the five decades since. He and his friends get together at least three times a week for whist, a four-player game popular in the 18th and 19th centuries. But Minnesota gambling laws have stalled his vision for a bigger tournament.
Proposed restrictions on the Minnesota Lottery are steaming ahead and Gov. Mark Dayton is expressing new doubt over his ability to stop them.
A Coon Rapids woman has been charged with theft after allegedly stealing more than $100,000 from her company since October of 2012. Tara Jo Luby, 41, is facing one count of theft by swindle for an amount over $35,000.
One of four men suspected in a cheating scheme at Canterbury Park last summer is under arrest. Duane Racle, 75, of Lake City, Fla., is being held in the Scott County jail.
Trial has been set for a Minnesota man accused of running an illegal gambling operation in North Dakota. Gerald Greenfield pleaded not guilty in federal court Thursday to three counts, including conducting sports betting business and conspiracy to commit money laundering.
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Gov. Mark Dayton says he hasn’t formed a position on a bill that would bar the Minnesota Lottery from selling tickets over the Internet. Dayton said Wednesday that he will seek input from supporters and opponents as the bill progresses.
A month after instant “scratch-off” Minnesota Lottery ticket sales went live on the Internet, the pioneering venture faces a high-powered threat at the Capitol. The Senate leaders of both parties and tax committee heads in both chambers are seeking a one-sentence change in state law to permanently turn off the new portal for gambling. Among other issues, lawmakers are upset that lottery officials introduced the games without seeking their approval through explicit legislation allowing it.
The Minneapolis-St. Paul Airport is eyeing a major expansion of gambling with a plan to sell Minnesota Lottery tickets on about 2,500 electronic tablets that are already installed in the main terminal. Airport spokesman Patrick Hogan confirms Monday that the plan is under consideration by the Metropolitan Airports Commission.
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Electronic betting games introduced a year ago to help pay for construction of the new Minnesota Vikings stadium did not end up raising a single cent for the project, but some charities that operate them have benefited anyway.
Minnesota’s attempt to use electronic gambling in bars as a Vikings stadium revenue source has proven to be a bust. Even Gov. Mark Dayton admits as much in a Minnesota Public Radio News report Friday analyzing how early assumptions proved so wrong.
There is now another way to gamble and help pay for the new Vikings stadium: electronic bingo. The Minnesota Gambling Control Board approved the high-tech bingo on Monday.
Minnesota’s electronic gambling games still aren’t pulling in the cash the state is counting on to pay its share of the new Vikings stadium.
Minnesota gambling regulators have approved a new vendor for the electronic gambling games that are being counted on to help pay the state’s share of a new Vikings stadium.
Electronic pulltab games are being considered for the Minneapolis-St. Paul airport as state officials seek to boost revenue for its share of a new Minnesota Vikings stadium.
Gov. Mark Dayton on Thursday downplayed the sluggish start of a statewide gambling initiative being counted on to help fund the new Minnesota Vikings stadium, saying doesn’t plan to redo the financing package during the upcoming legislative session.
The odds of winning the Powerball are about 171 million to 1. But a $2 ticket does buy you a chance to dream. And probably a whole new group of friends you never knew you had.
The record high Powerball jackpot is now up to $550 million. The numbers are an estimate, so the jackpot could get even bigger as tonight’s drawing gets closer.
A thief with eye for word play who also had a lot of bravado robbed a Winona bar named Cheaters about six blocks from the police station.
With some states readying to start online gambling, Native American tribal leaders are calling on the federal government to step in as it did with brick-and-mortar gambling and establish regulations that ensure tribes get a piece of the action without having their revenue taxed and their sovereignty compromised.