Business & Financial

Minnesota Regulators Try to Block Access to Gambling Sites

Using a 1961 federal law designed to stop illegal gambling, the state has directed 11 telephone and Internet service providers to block nearly 200 gambling Web sites.

Submitted by Payton on, Apr/29/2009

Harrah’s Gets Hit Hard By Economy: 2009 WSOP Hotel Rates Slashed

 

The world's largest casino operator and owner of the World Series of Poker, Harrah's Entertainment Inc., reported first quarter financial results Monday that showed a further decline in revenue.  The company said its revenue had declined 13.3 percent to $2.254 billion in the first quarter.  The pinch was felt especially hard in Las Vegas where these numbers were 20.5 percent (down to $686.4 million) while cash flow fell 27.9 percent to $198.6 million. 

Submitted by C Costigan on, Apr/28/2009

James Packer’s Crown Casino Gives Up on Las Vegas

James Packer's Crown has ruled out injecting more cash into the stricken US casino development company Fontainebleau Resorts after the US company's banks withdrew financing for a $US3 billion ($4.2

Submitted by Guest on, Apr/27/2009

Gambling911.com Abruptly Scraps Plans to Attend 2009 WSOP

In a sign of the worsening economy, Gambling911.com, one of the top 10 most read poker news sites, has decided to scrap all plans to attend this year's World Series of Poker (WSOP). 

Submitted by Guest on, Apr/27/2009

William Hill Intends to Move Jobs Offshore

In a blow to the British government, the number two largest bookmaker, William Hill, has threatened to move approximately 90 jobs in the Internet division offshore. 

Bookmakers warned the chancellor, Alistair Darling, before the Budget that increases in gross profits tax on betting would stifle competitiveness, particularly for their online businesses, and force them to consider relocating staff, according to the Financial Times of London.

Last week, Darling increased the GPT on bingo from 15 per cent to 22 per cent.

Submitted by Jagajeet Chiba on, Apr/27/2009

James Packer’s Las Vegas Nightmare Just Got Worse

James Packer's largest investment in the gambling mecca is in dire straits after a US casino development company in which his Crown had invested defaulted on $US800 million in loans.

Submitted by C Costigan on, Apr/26/2009

Richard Branson is Losing £171,233 an Hour

Billionaire business tycoon is losing £171,233 an hour according to a report filed by the News of the World on Sunday.  This was equivalent to £1.5 billion.  He's now down to his last £1.2bill

Submitted by Jagajeet Chiba on, Apr/26/2009

Pagebet Shuts Down Operations

BOOKMAKERS Pagebet has placed its internet betting business into administration.

Submitted by Guest on, Apr/25/2009

Marijuana, Online Gambling Good: Personal Financial Management Bad

If Congressman Barney Frank had his way, online gambling and marijuana would be legalized.  However, he would not allow personal freedoms when it comes to one's own financial decisions.

Submitted by C Costigan on, Apr/24/2009

DoylesRoom.com Names Will Griffiths to Top Marketing Spot

DoylesRoom.com, one of the fastest growing online poker rooms open to US players, announced today the appointment of Will Griffiths to the post of Marketing Director.

Submitted by Guest on, Apr/23/2009

UltimateBet.net Sponsors MMA Magazine Program on Rogers Sportsnet

 

- UltimateBet.net continues to build strong ties with the explosively popular world of Mixed Martial Arts ("MMA"), as the leading free play online poker site debuts as

Submitted by Payton on, Apr/23/2009

Recession Forces Mainstream Media to Reconsider Online Poker Stance

With an understanding that online poker, casinos and sports betting take in several billion a year, mainstream media outlets once opposed to advertising with related venues are now beginning to und

Submitted by C Costigan on, Apr/23/2009

Recession Hits the Mafia

The current economic downturn seems to be having an adverse effect on every industry whether legitimate or not-so-legitimate.  Case in point:  The Japanese Mafia is being hurt by the recession.Submitted by Jagajeet Chiba on, Apr/20/2009

PartyGaming in Talks With Rival Gigamedia

ONLINE gambling group Party Gaming is holding talks on a deal with Nasdaq-listed rival Gigamedia.

Submitted by Guest on, Apr/20/2009

James Packer Bets $3 Billion on Macau Casino

SOME of the croupiers shuffling cards at James Packer's huge new casino in Macau will don nose rings and wear blue wigs, as part of a punk-rock theme to attract wealthy Asian gamblers and holidayma

Submitted by Guest on, Apr/19/2009

Massachusetts Looks to Casino Gambling to Fill Coffers

Senate President Therese Murray has brought the casino debate to the table in Massachusetts.

Submitted by Payton on, Apr/18/2009

Recession Casualty: Elvis Evicted From Las Vegas

The recession is hitting many people and places hard.  Las Vegas is among the hardest hit and this week came the shocking news that Elvis Presley (a Vegas icon for years) is now being evicted.

According to the Las Vegas Review Journal, a group of investors who had planned on creating a $475 million Elvis Presley-themed resort on the Strip could be forced to sell the property.  The reason: 

Submitted by Jagajeet Chiba on, Apr/17/2009

James Packer Sells Family’s Long Term Investment

The Packer family's 26-year involvement in Australia's cattle industry has ended with the finalisation of the sale of its stake in Consolidated Pastoral Company (CPC).

Submitted by Guest on, Apr/16/2009

Harrah’s Will Not Utilize Online Poker Software From US-Facing Firms

Harrah's, the Las Vegas casino giant, is looking to get into the online poker market.   Sources close to the situation tell Gambling911.com that Harrah's will not be accepting bets from those ind

Submitted by C Costigan on, Apr/15/2009

PartyGaming Former Executive Mitch Garber Joins Harrah’s

Harrah's, which owns the World Series of Poker, has just brought former PartyGaming CEO Mitch Garber on board to head a new company that will handle its online operations.  The move has fueled spe

Submitted by C Costigan on, Apr/12/2009

Recession Has Little Impact On 2009 US Masters Betting

As with the Super Bowl, Oscars and NCAA Men's Basketball Tournament, traffic results from Gambling911.com once again indicate that a major sporting event has shattered all betting records.  This t

Submitted by C Costigan on, Apr/12/2009

If Vegas Project Fails It Will Be Like Pearl Harbor

LAS VEGAS (Reuters) - It was conceived as the centerpiece of a thriving Las Vegas -- one of the world's most expensive building projects that would bring back glamour to the Strip and cap an unprec

Submitted by C Costigan on, Apr/10/2009

Atlantic City Revenue Drop Biggest in 30 Years

(Reuters) - Atlantic City casinos revenues dropped by a record margin for the second straight month in March, officials said on Thursday, as the recession and competition from other states cut gamb

Submitted by Guest on, Apr/09/2009

Microgaming Under Fire for Online Poker Skin Scandal, Grand Prive Mess

The well established and well regarded online gambling software and poker firm, Microgaming, has had its good name dragged through the dirt in recent months. 

First, one of the company's online casino brands - the Grand Prive Group - decided to abruptly terminate its "life time agreement" with its affiliates.  Grand Prive continues to operate and it still does so from the Microgaming platform apparently. 

Submitted by C Costigan on, Apr/09/2009

CAC Amsterdam Prolonged Hangovers From Fewer Sponsored Parties

All those fine CAC Amsterdam reports began popping up this week - about 7 days after the world's largest online casino affiliate event had ended.  Marc Lesnick, the conference organizer, stated th

Submitted by C Costigan on, Apr/08/2009

James Packer Could Still Prove a Savior to Las Vegas

JAMES PACKER will be reviewing Las Vegas gaming revenue for the second time in five months, though he might be disturbed by what he sees.

Submitted by Alistair Prescott on, Apr/08/2009

Will PartyGaming Come Back to the US?

The news that PartyGaming had finally settled with the US Government quickly turned to talk of the company re-entering the US market.  Approximately 80 percent of its customer base was from the Un

Submitted by C Costigan on, Apr/07/2009

Stocks Rally Following PartyGaming Settlement Deal

Following news that PartyGaming had settled with the US Government to avoid future prosecution, the online gambling sector, which lost significant market share since late 2006, began to rally on Tu

Submitted by Jagajeet Chiba on, Apr/07/2009

Breaking News

Supreme Court Agrees to Hear NJ Sports Betting Matter

Supreme Court Agrees to Hear NJ Sports Betting Matter

The Supreme Court will take up New Jersey’s bid to allow sports betting at its casinos and racetracks.

Christopher Vitch Wins $10K Seven Card Stud Hi-Lo or Better Championship

Christopher Vitch Wins $10K Seven Card Stud Hi-Lo or Better Championship

Christopher Vitch, 34, of Phoenix, Arizona has defeated Benny Glaser to win the Seven Card Hi-Lo or Better Championship Event #48 at this year’s World Series of Poker.

Top Trends Regarding the Mobile Applications of 2017

Top Trends Regarding the Mobile Applications of 2017

The mobile apps are a hit among the gaming community because of their easy operating system and multiple features. Every season game developers create new and better products for the customers of the market.