Business & Financial

PIC Club Poker Posts 9.1 Percent Dividend for Users

The online poker payment platform, PIC Club, has posted a 9.1 percent dividend for users, according to CEO Chuck Kidd.

Submitted by C Costigan on, Dec/05/2009

Ron Paul Wants Scrutiny of the Federal Reserve

One of the most spoken about bill being proposed on the House floor these days is co-sponsored by Texas Republican Ron Paul and opposed by Democratic chairman of the Financial Services Committee, B

Submitted by C Costigan on, Dec/03/2009

BetonSports Fined $28 Million, Gets Probation

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Submitted by Guest on, Dec/02/2009

Does a Twitter a Day Mean Apple Will Pay?

With the Holiday Season upon us, speculation regarding tech gift sales are at an all time high. With that in mind, the odds specialists at the largest most successful sportsbook on the web, BetUS.com posted odds on what is in store for Apple in 2010 including angles on a potential Twitter buy-out, Steve Jobs' role and much more.

"We always see a lot of action on holiday sales around this time of year," stated BetUS.com spokesman Reed Richards.

Submitted by Guest on, Dec/01/2009

Binions Closing Las Vegas Hotel, Casino Remains

LAS VEGAS - (Associated Press) The owner of an iconic downtown Las Vegas hotel that hosted the World Series of Poker for 34 years will close the property's hotel rooms, coffee shop and keno operati

Submitted by Guest on, Nov/30/2009

Las Vegas Sands Eyes Japan, Thailand

HONG KONG (TheStreet.com) -- Las Vegas Sands(LVS Quote) is eyeing further expansion

Submitted by Guest on, Nov/30/2009

Las Vegas Rebound Riding on $8.5B CityCenter

LAS VEGAS - (Associated Press) - Sin City is pinning its biggest bet ever - $8.5 billion - on a 67-acre, six-tower complex of striking hotels, gourmet restaurants, swank shops and a single casino t

Submitted by Guest on, Nov/30/2009

Youbet Churchill Downs Deal May Not Go Through

At least five different shareholders of the horse racing website YouBet.com Inc. have expressed disillusion over a proposed merger with Churchill Downs, Inc.

Charles Proctor of the Los Angeles Business Journal reports that these individuals have filed lawsuits in Los Angeles Superior Court alleging that Churchill Downs is underpaying for the Burbank-based company.

Submitted by Jagajeet Chiba on, Nov/30/2009

Sands China Down 10 Percent

HONG KONG, Nov 30 (Reuters) - Sands China's (1928.HK) weak stock market debut in Hong Kong on Monday signals a lack of investor appetite for a casino gaming company with a high valuation and an unc

Submitted by Guest on, Nov/29/2009

Banks Wanted Delay in Online Gambling UIGEA Reqs Too

It wasn't just the online gambling sector and ally Congressman Barney Frank who wanted a delay to implementation of Web gambling prohibition.  The banks made a similar request.

Submitted by C Costigan on, Nov/29/2009

Dubai Debts Fears Hit Casino Industry

Fears over Dubai's announcement that they will be delaying payment of debt has hit casino stocks.  News broke on Friday that a possible debt default at Dubai state-owned conglomerate Dubai World D

Submitted by Jagajeet Chiba on, Nov/27/2009

BetFred.com Sees UIGEA Delay Good for Euro Online Poker

A 6 month delay of bank regulations associated with the Unlawful Internet Gaming Enforcement Act passed in October 2006 is a good thing, so say some in the European online poker market. 

The new reqs were set to go into effect December 1.  Gambling911.com broke the story Wednesday that a settlement had been reached between Congressman Barney Frank and the US Treasury Department to delay the process another 6 months

Submitted by Jagajeet Chiba on, Nov/27/2009

Aced.com Online Poker Story Big Read in November

One of the most controversial stories to appear on the Gambling911.com website during the month of November centered on Merge Poker Network's online poker room, Submitted by C Costigan on, Nov/24/2009

Online Gambling Industry in Costa Rica Goes Green

The online gambling Mecca of San Jose, Costa Rica, is about to go green thanks to one soul known as "Search Engine Bob".

Submitted by Jagajeet Chiba on, Nov/24/2009

BWIN and 888 Dismiss Takeover Reports

eGaming Review Magazine is reporting on Friday that Austrian-based BWIN and online gambling giant 888.com have dismissed acquisition talks.  Rumors have b

Submitted by Jagajeet Chiba on, Nov/20/2009

Betting on the World Economy: Bank Warns of Global Collapse

Société Générale is advising its customers how to deal with a possible financial collapse in the global market. 

Submitted by Jagajeet Chiba on, Nov/19/2009

Ireland Economy Will be Hurt by Thierry Henry Handball

The London Sun on Friday reported on how Arsenal ace Thierry Henry's handball that helped France to advance into the 2010 World Cup against Ireland could harm the later country financially. 

Submitted by Alistair Prescott on, Nov/19/2009

Female Viagra Arouses the Interest of Oddsmakers

With news that the new antidepressant drug flibanserin is being viewed as the "female Viagra", online oddsmakers are taking notice both Stateside and abroad. 

"Female loss of sexual desire does not have to mean a lost wager!" says Payton O'Brien, Senior Editor of the Gambling911.com website.  "BetUS.com has already taken notice and plans on releasing odds related to the new female Viagra in the not-so-distant future."

Submitted by Jordan Bach on, Nov/18/2009

Pollack WSOP Resignation Leaves Many Poker Pros Sad

Jeffrey Pollack's surprise resignation last week as Commissioner of the World Series of Poker has left many in the poker community scratching their heads.

"It's been a very good run, and I'm proud of the growth that the tournament, and poker, for that matter, have experienced," Pollack told the Las Vegas Review-Journal. "I came into this role with a certain set of objectives, and now there's a sense of accomplishment of how the World Series of Poker has expanded."

Submitted by Jagajeet Chiba on, Nov/17/2009

Threat Seen to Nevada’s Sports Betting Monopoly

By Richard N. Velotta and Brian Wargo, Las Vegas Sun

Submitted by Guest on, Nov/17/2009

Introducing UB.com: The New Name in Online Poker

Tagged by players as "UB" for much of its decade online, UltimateBet has embraced the Poker Room's nickname, and

Submitted by Guest on, Nov/17/2009

Online Poker Traffic has Full Tilt Catching Up

While PokerStars remains light years ahead of its closest competition in the world of online poker, Full Tilt Poker is in a much better position now compared to where PokerStars was when they once

Submitted by Ace King on, Nov/16/2009

Las Vegas Stripper Mobile Raises Safety Concerns

A Las Vegas Stripper Mobile has commissioners up in arms.

Submitted by Jagajeet Chiba on, Nov/13/2009

Merge Poker Players Now Getting Paid Through PIC Club

Good news for those online poker players caught in the middle of a high profile payment feud between the Merge Online Poker network and PIC Club Poker, a payment platform.  These players are final

Submitted by C Costigan on, Nov/12/2009

Pacquiao/Cotto Fight Could Help Vegas Economy

It's the fight everybody has been waiting for:  Pacquiao/Cotto will pack them in.

Submitted by Jagajeet Chiba on, Nov/12/2009

MahjongTime Online Casino Affiliate Program Closes

Income Access sent out an ominous message to its members on Wednesday, warning them that they have severed ties with the MahjongTime online casino affiliate program.  They cite "payment conce

Submitted by C Costigan on, Nov/11/2009

Churchill Downs to Buy Youbet.com for $126.4 Mil

(Reuters) - Racetrack operator Churchill Downs Inc (CHDN.O: Quote, Profile, Research, Stock Buzz) agreed to buy Youbet.com Inc (UBET.O: Quote, Profile, Research, Stock Buzz) in a deal valued at $12

Submitted by Guest on, Nov/11/2009

Aced.com Online Poker Room Can’t Pay Players

Online poker players appear to be in the line of fire of a highly publicized payment dispute between money processing platform PIC Club Poker and the Merge Poker Network.

Gambling911.com has obtained an email correspondence between one of Merge Poker's online sites whereby a customer is told flat out they cannot pay him.  The online poker room in question is Aced.com, which operates on the Merge network.

Submitted by C Costigan on, Nov/11/2009

PartyGaming Gets Ready for Return to US

ONLINE gaming group PartyGaming said yesterday it had completed the acquisition of the World Poker Tour brand, positioning itself for a return to the US market when legislation allows it.

Submitted by Guest on, Nov/10/2009

Breaking News

CNBC: No sex, No gambling as China Tightens Rules on Foreign Investment

CNBC: No sex, No gambling as China Tightens Rules on Foreign Investment

New rules from Beijing prohibit investments in core military technology and anything that endangers national security, according to a report filed by CNBC Monday.

Nobody Hits Powerball: Now at $650 Million

Nobody Hits Powerball: Now $650 Mil

Powerball officials say there was no grand prize winner in the latest drawing, meaning one of the nation's largest lottery jackpots will continue growing.

Doyle Brunson, Daniel Negreanu Go at it Over Confederate Statutes

Doyle Brunson, Daniel Negreanu Go at it Over Confederate Statutes

Negreanu: "The beliefs that Jews should be killed. Robert E. Lee believed blacks needed to be slaves. Both are vile and evil"