Business & Financial

Federal Lawsuit Filed to Legalize Sports Betting in New Jersey

It's a battle state lawmakers have been fighting for some time, and today a federal lawsuit was filed in hopes of legalizing sports betting in all 50 states.

Submitted by Guest on, Mar/24/2009

Macau Kingpin Urges People to United Against Foreign Casino Capital

Macau billionaire and casino mogul, Stanley Ho, has urged people to "unite against foreign capital." It's unclear what motivated the comments, according to the Las Vegas Sun.  But they c

Submitted by Jagajeet Chiba on, Mar/23/2009

Obama: No Stimulus Money For Vegas Casinos

A provision related to the federal stimulus bill makes it clear that Las Vegas casinos are not to receive any of the money.

Submitted by C Costigan on, Mar/21/2009

Sport Betting Acquisition Gives Playtech a Strong Hand

By Roger Blitz, Leisure Industries Correspondent

The Financial Times UKPublished: March 20 2009

Submitted by Guest on, Mar/20/2009

Betfair Banned: CEO Outraged

Following leakage of an Australian "Ban List", Betfair CEO Andrew Twaits expressed outraged with government officials.  Twaits was unaware that his company's website had been blacklisted

Submitted by Alistair Prescott on, Mar/19/2009

Could Full Tilt Poker Buy a Vegas Casino?

Much of the talk over the past few years has related to a Las Vegas casino property such as MGM or Harrah's purchasing an already established online poker firm the likes of Submitted by C Costigan on, Mar/19/2009

World Series of Poker Sponsor Harrah's Cash Flow a Problem

Earlier in the week, Gambling911.com reported on how MGM was in serious financial peril.  Now comes word that World Series of Poker sponsor, Harrah's, may not be able to fund its debt. 

Submitted by Jagajeet Chiba on, Mar/19/2009

Station Casinos Filing For Bankruptcy

Station Casinos Inc.

Submitted by Guest on, Mar/18/2009

Vegas Looks to Compete With Online Gambling Sites: American Idol, Oscars

The state of Nevada has come to the realization that they are missing out on some of the biggest betting events of the year.  While Las Vegas sportsbooks capitalize on the Super Bowl and the curre

Submitted by Jagajeet Chiba on, Mar/18/2009

Wayne Root: Obama Insults Small Business Owners

2008 Libertarian Vice Presidential candidate and one time sports service consultant, Wayne Allyn Root, is a small business owner.

Submitted by Guest on, Mar/17/2009

MGM Casinos To Go Bankrupt?

Despite winning a two month reprieve to restructure debts, auditors raised 'substantial doubt' in whether MGM Mirage could continue operations.

Submitted by Payton on, Mar/17/2009

Online Gambling Empire of Gibraltar in Hot Seat Over Bernie Madoff

It's home to some of the biggest online gambling companies in the world, including PartyGaming.  Now Gibraltar is being reviewed for its apparent connection to swindler Bernie Madoff.

Submitted by Jagajeet Chiba on, Mar/17/2009

2009 March Madness Will Test Vegas Economy, Online Websites

While online sports betting seems to be up over last year, the Las Vegas economy has been hard hit.  Vegas like many event-oriented cities is counting on the 2009 March Madness to help give a much

Submitted by C Costigan on, Mar/14/2009

Switzerland and Other Tax Havens Under Intense Scrutiny

(Reuters) - Switzerland, Austria and Luxembourg all sought ways on Friday to fend off a global crackdown on tax evasion by making concessions on bank secrecy.

Submitted by Guest on, Mar/13/2009

James Packer Scraps Cannery Casino Resorts Crown Casino Deal

Australian billionaire James Packer has a $1.75 billion takeover of Cannery Casino Resorts LLC and sold his Australian cattle ranches to Guy Hands U.K. buyout company, Terra Firma Capital Partners Ltd.  Packer's Crown Casino enterprise, Australia's biggest, rose 13.5 percent on the news.  Had the deal gone through, Packer would have obtained three Nevada casinos and a racetrack near Pittsburgh.

The 41 year old Packer's fortune shrank to half this past year according to Forbes Magazine.  Crown lost 56 percent of its value and the Las Vegas casinos are not faring that much better.

Submitted by Alistair Prescott on, Mar/13/2009

2009 March Madness Office Pools For Fools

Unless you happen to be the secretary who knows nothing about college basketball, don't expect to win your 2009 March Madness office pool.  You know the drill, Janet chooses her brackets based on

Submitted by Don Shapiro on, Mar/12/2009

Gambling News: PartyGaming Bosses Screwed, Sportingbet Numbers In

An article appearing in the London Telegraph reports that, being a PartyGaming top dog doesn't exactly have its rewards...especially after you've been shown the door.  Party lost two of its chiefs

Submitted by C Costigan on, Mar/12/2009

Allen Stanford Booted Off Billionaire List

Allen Stanford, All Stanford, the Texan accused of an $8 billion fraud by U.S.

Submitted by Jagajeet Chiba on, Mar/11/2009

Las Vegas Economy: Total Train Wreck

The effects of a bad economy are hitting Las Vegas like a multi-pronged attack. As people find their disposable income dwindling, tourism and gambling are at an all time low in Sin City.

Submitted by Payton on, Mar/11/2009

Bookmaker Shares Up in United Kingdom

Director buying and hopes it will clean up at the Cheltenham Racing Festival this week helped bookie Ladbrokes canter 6p forward to 180½p, according to the Submitted by Jagajeet Chiba on, Mar/11/2009

Credit Card Fraud an Obvious Problem in Costa Rica

Bookmakers, employees...and yes, tourists....beware.  Credit card fraud is a very serious problem in the world's epicenter of online gambling.

Submitted by C Costigan on, Mar/10/2009

March Madness Contests Will Prove Major Draw During Recession

One of the biggest betting periods of the year is about to get underway with the start of 2009 March Madness.  For many of the online gambling sites, the lure will be March Madness contests, many

Submitted by C Costigan on, Mar/10/2009

Gambling News: Federal Probe Into Alabama Attorney General’s Office

Reports surfaced on Monday that federal prosecutors were investigating Alabama Attorney General, Troy King, along with his possible connections to gambling.

King apparently has threatened to shut down some electronic bingo operations while allowing others to stay in business.  He claims to oppose gambling but believes that "some electronic gambling machines are allowed under constitutional amendments that authorized the bingo operations."

Submitted by C Costigan on, Mar/09/2009

Credit Default Swaps Were The Worst Form of Gambling From Wall Street

In an interesting piece appearing in Market Oracle, that site pretty much makes it clear that Wall Street was gambling when it came to those so-called Credit Default Swaps:

Submitted by C Costigan on, Mar/09/2009

Gambling News: Barney Frank Goes All In, AGA Goes All Out

Congressman and Chairman of the Financial Services Committee, Barney Frank, is determined to lift a ban on Internet gambling.  That was the top gambling news stor

Submitted by C Costigan on, Mar/09/2009

Unemployment Rate To Go Above 9 Percent This Year Say Gamblers

The online prediction markets are saying that unemployment in the United States could go above a staggering 9 percent by year's end. 

Submitted by Jagajeet Chiba on, Mar/08/2009

My Thoughts on Casino Mogul James Packer

Media Man, Greg Tingle, has provided Gambling911.com with a few thoughts related to Australian casino maestro James Packer.   Mr.

Submitted by Guest on, Mar/07/2009

France Caves Into EU Pressure: Will Legalize Online Gambling

France, which has long been against legalized online gambling, has finally conceded to European Union pressures.  The country announced Friday it's plans to open the marketplace for external onlin

Submitted by C Costigan on, Mar/06/2009

Breaking News

Expand Your Horizons With a PPH Service

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Casino in Touch With Missing Security Guard Tied to Vegas Mass Shooting

Casino in Touch With Missing Security Guard Tied to Vegas Mass Shooting

Jesus Campos, the Mandalay Bay Resort security guard shot by Vegas mass shooter Stephen Paddock, is reportedly in touch with that casino’s parent company, MGM Resorts International.

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