Business & Financial

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

Bookie Pounded by Punters

Punters got the better of bookmaker Stan James last year with the chain showing a £285,800 loss against a profit of £2.8m in the previous year.

Submitted by Guest on, Nov/08/2009

PIC Club CEO Chuck Kidd Letter to Poker Players

In case you haven't been following the drama on Gambling911.com for the past week, online poker payment platform PIC Club Poker has been involved in a heated exchange with Merge Poker network over

Submitted by C Costigan on, Nov/08/2009

Online Poker Regulation Could Mean $41 Bil. For US

As the clock continues to tick, inching closer and closer to the official December 1st compliance deadline for the Unlawful In

Liverpool Boots Ladbrokes With Online Sportsbook 188Bet

Asian online sportsbook operator 188Bet has replaced the United Kingdom's largest bookmaker as sponsor for Liverpool FC according to reports.

Submitted by Alistair Prescott on, Nov/05/2009

Online Sportsbooks: Yankees Win No Real Loss for Bookies

Sure it stung a little, by default the betting public will wager on the New York Yankees winning a World Series from the start of the regular season straight on through.  But in this series, the P

Submitted by C Costigan on, Nov/05/2009

Merge Poker Claims Contract With PIC Club Severed

Merge Poker is claiming they are no longer obligated to pay funds to PIC Club after severing their contract agreement.  PIC Club is a payment platform that has stated Merge owes over $100,000 in f

Submitted by C Costigan on, Nov/04/2009

Merge Poker Network Stiffing Vendors

The struggling Merge Poker Network reportedly owes $160,000 to a poker payment platform, PIC Club, Gambling911.com can reveal today.  PIC Club has been trying to get its money since July and final

Submitted by C Costigan on, Nov/03/2009

MGM to Report Financial Results Thursday

Investors are regaining their interest in casino and hotel companies now as they sense that the economy is turning around.

Submitted by Guest on, Nov/03/2009

Las Vegas Sands Loses $123 Mil in Third Quarter

Las Vegas - Associated Press - Casino operator Las Vegas Sands Corp.

Submitted by Guest on, Oct/29/2009

World Poker Tour Acquisition Offer

Mandalay Media, Inc. (OTC Bulletin Board: MNDL) today announced that it has

submitted a proposal to the Board of Directors of WPT Enterprises, Inc.

Submitted by Guest on, Oct/29/2009

Bodog Europe Could Buy Tote

Victoria Bates of City AM reported exclusively on Thursday that Bodog Europe is lining up to potentially by the Tote, just weeks after the government put the bo

Submitted by Jagajeet Chiba on, Oct/29/2009

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Submitted by Payton on, Oct/27/2009

Betfair, William Hill Going to Enter India

By James Thompson

Tuesday, 27 October 2009

www.indepent.co.uk

Britain's biggest betting companies are bidding for the first online gambling licence in India to gain a slice of the country's $60bn (£37bn) betting market. The high-street bookie William Hill, along with internet players Betfair and Bwin, are bidding for the internet licence in the Himalayan state of Sikkim in early September. A decision is expected in the next two weeks.

Submitted by Guest on, Oct/27/2009

Online Poker: PIC Club Merge Purge

PIC Club has dissolved its relationship with the Merge Poker Network over the past several days according to numerous reports across the Net.  Merge is best known for its "pot-friendly"

Submitted by C Costigan on, Oct/26/2009

PartyGaming Slumps as Founder Dikshit Sells Stake

Jonathan Browning Reporting...

Submitted by Guest on, Oct/20/2009

Harrah’s Hires Former Disney Exec

Peter Murphy, a confidante of Michael Eisner while he ran Walt Disney Co. (DIS), has been hired as strategy and development chief for Harrah's Entertainment Inc.

Gary Loveman, chairman and chief executive of the debt-laden casino operator, sees Murphy helping as the company continues "to identify areas for future growth and to explore opportunities created by current economic conditions."

Submitted by Guest on, Oct/19/2009

William Hill Profits Unaffected by Football Results

British bookmaker William Hill said profit expectations at its retail business had been unaffected by a run of punter-friendly football results.

Submitted by Guest on, Oct/19/2009

Big Stick Media Shuts Its Vegas Office

Big Stick Media Corporation ("BSM" or the "Company") (TSX VENTURE:BSM) announces today that it has ceased the operations of its wholly-owned subsidiary, National Sports Services

Submitted by Guest on, Oct/19/2009

Cryptologic Warns of Revenue Drop

Online gambling software firm Cryptologic has said it expects to report a 31 percent year-on-year fall in the third quarter of 2009 with revenue dropping to US$9.6 million from US$14 million last y

Submitted by Guest on, Oct/16/2009

PartyGaming Confident About 3rd Quarter Revenue Rise

LONDON, Oct 15 (Reuters) - Online gambling firm PartyGaming (PRTY.L) said on Thursday it was confident about its full-year prospects, having made a strong start to the fourth quarter.

PartyGaming said its total revenue rose 11 percent to $112.7 million in the third quarter from the previous quarter, despite it normally being a weak period for the industry as players take their summer holidays.

Casino revenue climbed 2 percent to $49.2 million.

Submitted by Guest on, Oct/15/2009

Betfair will offer U.S. pools overseas

By Matt Hegarty, Daily Racing Form

Submitted by Guest on, Oct/14/2009

Online Gambling Saves Nation During Recession

Want proof of how the online gambling industry helps stimulate local economies?  Look no further than the tiny Mediterranean island of Malta. 

Submitted by Jagajeet Chiba on, Oct/12/2009

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

Breaking News

Pablo Escobar Hit Man Found in Violation of Parole, Found at Gambling Party

Pablo Escobar Hit Man Found in Violation of Parole, Found at Gambling Party

Colombian authorities are seeking to re-arrest a former hit man for late drug lord Pablo Escobar for violating his parole after he was caught partying with a major trafficker wanted by the U.S., prosecutors said Saturday.

Major Investment Firms Ready as Bitcoin Futures Launch Monday Morning

Major Investment Firms Ready as Bitcoin Futures Launch Monday Morning

Bitcoin futures began going live in the Asian market early Monday morning, and they could change the game for cryptocurrencies.

Where Can I Find The Best Sportsbook Betting Management System?

Where Can I Find The Best Sportsbook Betting Management System?

To be successful in online bookie business, you need very elaborate and powerful bookie management system. A recent survey conducted by gaming experts found out that Premier per head bookie betting management system is the best.