Business & Financial

Impact of Recession Worse on Bookies Than Expected

Much of the news in the world of bookmaking by week's end dealt with the impact of a worldwide recession.  It's been said that the gambling industry for the most part is recession-proof.  We lear

Submitted by Jagajeet Chiba on, Oct/12/2009

Rush Limbaugh to Buy the St. Louis Rams: What Are The Odds?

Sportsbook.com has suggested it mig

Submitted by Payton on, Oct/09/2009

France Bans Betting Exchanges: Betfair Out!

France has effectively banned betting exchanges such as the wildly popular Betfair.  The ban comes as a result to a surprise amendment appearing as part of that country's new gambling laws.

Submitted by Jagajeet Chiba on, Oct/09/2009

Bookies Bet on Turnaround

By Rupert Steiner, Daily Mail

Submitted by C Costigan on, Oct/08/2009

Sportingbet Plans to Join Main London Market

Aim-listed Sportingbet is preparing to move up to the main market, having recovered from the disastrous impact of the effective ban on online gambling in the US in 2006.

Andrew McIver, chief executive, said the move to the main market was prompted by Aim's under-performance over the past year. "In bull markets, Aim does pretty well but if you think the recession is going to last some time, Aim is going to get unduly punished."

Sportingbet hopes to widen its shareholder base when it graduates to the main market within the next six months.

Submitted by C Costigan on, Oct/08/2009

Things Getting Even Worse for Pitbull Poker

When your offices close up shop and your boss is placed under arrest, normally, things can't get much worse for your company. However, things really are getting worse for the newly defunct Pitbull Poker and its operators with the news that after learning that the site was in fact doing shady things against its customer, players are now seriously considering taking legal action against them.

Submitted by Guest on, Oct/07/2009

Sportingbet Profits Rise: Posts Full Year Profit

Oct.

Submitted by Guest on, Oct/07/2009

Full Tilt Poker Lawsuit Details Released

The folks from Pokerati.com have obtained the latest lawsuit against Full Tilt Poker in its entirety, all 19 pages of

Phil Hellmuth vs. Harrah’s and the World Series of Poker

World Series of Poker record bracelet holder Phil Hellmuth is not exactly happy with the tournament these days or the folks who run it, Harrah's.

Hellmuth spoke to French media about how Harrah's new online poker website could damage the WSOP.  The site will not be available to US customers at the onset.  Harrah's announced a partnership agreement with the strong European brand, 888.com earlier last month. 

Submitted by Jagajeet Chiba on, Oct/02/2009

Poker Pages Pulling The Plug

One of the most popular and comprehensive sources on the Internet for news and information about the game of poker is pulling the plug.

On itself.

Poker Pages (www.pokerpages.com), which among other things provides one of the poker world's best online databases of professional poker players' updated tournament earnings, posted a notice on its website Thursday announcing its own demise.

Submitted by Thomas Somach on, Oct/02/2009

Pitbull Poker Owners Arrested

If you have been following Gambling911.com over the last 24 hours, you would know that the online poker room Pitbull Poker had shut its doors with what appears to be zero intention of payin

Submitted by C Costigan on, Oct/01/2009

US Government Signs Pact with Internet Domain Body

* Pact draws praise from lawmakers companies, governments

* ICANN will be subject to periodic reviews

Submitted by C Costigan on, Sep/30/2009

Online Poker: Pitbull Poker Shuts Down

Struggling online poker room Pitbull Poker has shut its doors according to reports across the Net on Wednesday.   The company has been embroiled in Submitted by C Costigan on, Sep/30/2009

Sport Match Fixing Big Concern With Bookies Offshore Move

RGA boss Clive Hawkswood told eGaming Review Magazine that the claims by some in the UK press that British sport faces an increased threat of match-fixin

Submitted by Jagajeet Chiba on, Sep/30/2009

888.com Looks to South Africa

Online gambling group, 888.com, is looking to capture the lucrative South Africa market through its Dragonfish division.  A joint venture with South Africa's Tsogo Sun Gaming Group and will help t

Submitted by Jagajeet Chiba on, Sep/28/2009

World Poker Exchange Averaged 35 Players Last Week?

The average "real cash" players at PokerStars this past week:  25400.

The average "real cash" players at the World Poker Exchange this past week:  35

Submitted by C Costigan on, Sep/21/2009

Macau Seedy Casino Industry a Goldmine

In an article published by the Sydney Morning Herald Tuesday morning, it is revealed how Macau's casino industry has flourished despite a worldwide economic crisis.  Gaming revenue has roared abov

Submitted by Jagajeet Chiba on, Sep/21/2009

Wynn Seeks $1.63 Billion for Macau

(Bloomberg) -- Wynn Resorts Ltd.

Submitted by Guest on, Sep/20/2009

State Economy Gets Boost From Sports Betting

The state of Delaware reports revenue of $257,870 their first week of offering legalized sports betting, and this is at the reduced exposure originally intended due to pending lawsuits.

Submitted by Jagajeet Chiba on, Sep/20/2009

Is Harrah’s Buying Planet Hollywood?

The Las Vegas Review Journal is reporting that Harrah's is buying Planet Hollywood, or at least its debt.   Analysts, however, believe that this move could be the precursor to Harrah's outright p

Submitted by Jagajeet Chiba on, Sep/15/2009

IAS Becomes Part of Paddy Power

A meeting of shareholders in betting company International All Sports yesterday approved a takeover offer from rival Sportsbet and its majority owner, Ireland's Paddy Power.

Submitted by Guest on, Sep/14/2009

888.com Enters Into Deal With Harrah’s

Sept. 11 (Bloomberg) -- 888 Holdings Plc rose the most since May in London trading after signing a contract with a unit of Harrah's Entertainment Inc.

Submitted by Guest on, Sep/11/2009

Can’t Bet Canbet Closes Accounts Over Shared Environments

Many people bet from the same household, dormitory, Internet café, office.  The online gambling website, Canbet.com, may have gone over the top recently when it comes to these so-called "sha

Submitted by Jagajeet Chiba on, Sep/10/2009

Online Sportsbooks Have Edge Over Vegas

Here's one advantage the offshore books have over those on the Strip: They can post odds on anything they want to.

Submitted by Guest on, Sep/08/2009

Online Gambling Bank to Shut Down?

eGaming Review Magazine is reporting that Ivobank, which deals exclusively with the online gambling sector in Europe, has begun refusing new customers amid

Submitted by C Costigan on, Sep/08/2009

Packer May Target U.S. Casino Assets, Citigroup Says

Sept. 8 (Bloomberg) -- Australian billionaire James Packer may seek new U.S.

Submitted by Guest on, Sep/08/2009

Luck Runs Out on Vegas Boom

Michael A. Hiltzik and Ashley Powers, Los Angeles Times Staff Writers

Submitted by Guest on, Sep/08/2009

Bwin Shares Rise With Move Into Italy

VIENNA, Sept 7 (Reuters) - Austrian Internet betting and gambling operator bwin's plans to raise its market share in the Italian online poker market with an acquisition was cheered by analysts and

Submitted by Guest on, Sep/08/2009

College Football Betting: Bookies Make Out Like Bandits

In what was arguably the best showing for online bookmakers and the Vegas shops of any College Football season opener, the public lost nearly every game this past weekend.   The carnage was enoug

Submitted by C Costigan on, Sep/07/2009

William Hill Joint Venture Back on Track

By Roger Blitz, Financial Times of London

Submitted by Guest on, Sep/04/2009

Breaking News

MGM Buys Professional Sports Team, Relocating to Vegas

MGM Buys Professional Sports Team, Relocating to Vegas

Another professional team is set to move to Sin City after being purchased by casino company

Texas Poker Clubs Fear They May Need to Fold With New Law

Texas Poker Clubs Fear They May Need to Fold With New Law

Jody Wheeler is betting on a business model he bills as a legal and safe place to play poker.

Why Players Decide To Stick To Pay Per Head Sites

Do You Know Why Players Decide To Stick To Pay Per Head Sites At TopPayPerHead.com?