Lazzlo Sendor Kovacs beats casino roullette wheel with electronic aids
bound in shoes which give speed and velocity of ball and good
indication of slot that the ball may fall into......

True  ?      False?

I can't determine if this particular statement is true, but there is a
book called "The Eudaemonic Pie" by Thomas Bass that describes the
efforts of a California team that successfully built and used a
Roulette shoe computer to win at Vegas casinos.  Their computer took
into account several parameters, including wheel friction, ball and
wheel speed, and wheel tilt to predict which quadrant (not an
individual slot) of the wheel the ball would likely fall into.  The
shoe-computer was only used a few times, but it performed quite well,
according to Bass.

Definitely true,
There was a news story about such a cheat a few months ago, although
can't seem to find the story now.

The idea is to predict the probability of where the ball will fall, by
measuring the speed of the ball and wheel. This is done my recording
the time it takes for the ball to cross a point on the wheel. And
since you can place bets on roulette until 3 spins of the ball, a bet
is made after the measurement.

Keep in mind that any electronic device that you bring in to US
casinos that you use to predict such a probability is illegal. I
believe there are certain countries where no such laws exist. That's
why they got to keep the money in the news story I'm referring to.

There have been several schemes to win at roulette by measuring the
movement of the ball and wheel using devices hidden in shoes. This is
called "wheel-clocking." I have found no reference to the person you
mention, however.

True - 

http://www.news.com.au/story/0,10117,12534638-38200,00.html

"Four years ago, Sydney detectives arrested Hungarian tourist Laszlo
Sendor Kovacs after he won large bets at a Star City casino roulette
wheel."

I saw it on an episode of CSI once... god I love that show