Business & Financial

Harrah’s $1 Billion in New Notes to Pay Old Debts

LAS VEGAS-(Associated Press) - Casino operator Harrah's Entertainment Inc.

Submitted by Guest on, May/28/2009

Cashcade Online Bingo a Hot Commodity

All eyes on the prize as the likes of PartyGaming and 888.com are looking to acquire online bingo company, Cashcade. 

Cashcade have been active in the gaming space for over 6 years and have in that time been both a software developer and marketing organisation. The business has developed its own brands Getminted.com and Foxy Bingo into high successful products in their own right.

Submitted by C Costigan on, May/26/2009

Unemployment Rate: You Can Bet On It

The unemployment rate throughout the world is skyrocketing.  And while online gambling websites based out of the United Kingdom have long been offering unemployment betting, Submitted by Alistair Prescott on, May/25/2009

Harrah’s to Enter European Online Gambling Market

As first reported on the Gambling911.com website Friday afternoon, Harrah's will be expanding its presence in the European market as it launches an aggressive campaign to move online and compete wi

Submitted by C Costigan on, May/22/2009

Harrah’s Forms Harrah’s Interactive Entertainment to go Online

Harrah's Entertainment, Inc. (Harrah's) announced today that it has established a new subsidiary, Harrah's Interactive Entertainment, Inc.

Submitted by Guest on, May/22/2009

American Idol Finale Helps Bring Gambling911.com Record Traffic

So far the month of May has been a banner period for the Gambling911.com website, which kicked off with its biggest day since coming online in September 2000.  The Kentucky Derby resulted in just

Submitted by C Costigan on, May/21/2009

Atlantic City Profits Way Down: Sports Betting a Must

It's more bad news for Atlantic City as the East Coast casino empire witnessed gross operating profits decline by more than 38 percent in the first quarter of 2009.

Submitted by C Costigan on, May/21/2009

Judge Might Dismiss Case Regarding Donald Trump’s Net Worth

CAMDEN, N.J. (Associated Press) - Donald Trump is known for putting a positive spin even on news that doesn't seem positive. But there is one way to get him down: Call him a millionaire.

Trump, who says he's a billionaire, is suing the author of a book in which three unnamed sources said Trump's net worth is between $150 million and $250 million. The Donald claims it was malicious, and it hurt his business.

Submitted by Guest on, May/20/2009

Paddy Power Poker Cans Ciaran O’Leary: Blames Economy

Irish poker pro Ciaran "Big C" O'Leary has been fired as a paid flack for Irish online poker room Paddy Power Poker (http://www.paddypowerpoker.c

The Bellagio, MGM Grand to be Developed in Dubai

The Middle Eastern nation of Dubai will get its own Bellagio and MGM Grand Hotels, two iconic staples of Las Vegas.

Submitted by Jagajeet Chiba on, May/20/2009

Obama Refuses to Meet With Nevada Governor

President Barack Obama has refused to meet with Nevada Governor Jim Gibbons and other key business leaders in the state according to news reports.

Governor Gibbons requested the meeting in a letter to President Obama so the President could address statements he made that were critical to Nevada and have caused economic damage to convention business and tourism business, according to Action News 13 out of Las Vegas.

Submitted by Jagajeet Chiba on, May/18/2009

Gambling911.com Most Wanted for Week Ending May 18, 2009

Who or what company made the headlines this past week on the pages of Gambling911.com as it relates to the gambling industry?  Find out as we break down the most popular industry-related stories.<

Submitted by C Costigan on, May/18/2009

2009 Preakness Stakes Betting, Traffic Up

Despite lower attendance at Pimlico Race Course, betting on the 2009 Preakness Stakes was way up.

More than $59 million was bet, compared with $45 million last year, John B. Franzone, head of the Maryland Racing Commission, stated.  Attendance was cut by 30 percent compared to last year, down to 77,850.  Much of this was attributed to a ban on spectators bringing their own beverages.

State racing officials deemed the race a financial success for the state.

Submitted by C Costigan on, May/18/2009

Pacquiao-Hatton Pay Per View Numbers Very Good

There has been much speculation as to why the Pay Per View numbers for the May 2 Pacquiao-Hatton fight were taking so long to be published.  This was after all the most bet on boxing much of the y

Submitted by Tyrone Black on, May/14/2009

Paddy Power Moves Into Australian Market

Paddy Power has begun its expansion into the Australian gaming market with its acquisition of a major stake in one of Australia's largest corporate bookmakers.

The company invested €27.2 million in a 51 per cent stake in Sportsbet as part of development strategy to expand into international markets. 

The acquisition, if approved by regulatory authorities, will be completed at the beginning of July. 



Submitted by Guest on, May/14/2009

Crown Casino Expansion Will Be Massive

Thanks to the Victorian Government allowing Crown Casino to grow in exchange for an estimated $60 million in extra tax revenue over four years came on the day of the Federal Budget

Submitted by Alistair Prescott on, May/13/2009

Online Gambling at a Crossroads in Australia

Australia's wagering industry is at the crossroads, reports the Sydney Morning Herald.

Submitted by Alistair Prescott on, May/12/2009

Tread Cautiously When it Comes to Online Gambling Bill

The UK press is warning publicly traded UK betting firms that the latest bill introduced by Congressman Barney Frank last week is anything but a sure bet.

Submitted by C Costigan on, May/12/2009

Unibet Positive Financial Results Announced

Swedish Internet gambling giant, Unibet, announced positive financial results Monday for the first quarter of 2009 in the midst of a worldwide recession.

Highlights included gross winnings revenue amounting to $31.3 million for the first quarter of 2009, profit of $10.9 mil for this same period and operating cash flow before movements in working capital amounting to $13.5 million.  Active customers totaled 314,977.   

Submitted by Jagajeet Chiba on, May/11/2009

Vegas Hotel Room Rates Will Increase

With signs that hotel occupancies are going up, MGM Mirage executives said demand for the company's hotel rooms is high enough to warrant an increase in room rates, which have plummeted during the

Submitted by Jagajeet Chiba on, May/11/2009

Delaware House Approves Revised Gambling Bill

USA Today reports that the Delaware legislature took the first step toward establishing sports gambling in the state, approving a bill early Friday morning that was opposed by every major sports le

Submitted by Payton on, May/08/2009

Las Vegas Sands Losses Mount

LAS VEGAS (AP) - Casino operator Las Vegas Sands Corp.

Submitted by Guest on, May/06/2009

Kentucky Derby Hangover After Record Numbers

What recession?  That's what some of us around here at Gambling911.com are asking - at least when we look at this past weekend's Kentucky Derby figures....what we have of them.

Preliminary stats show that the Derby brought more traffic through the Gambling911.com website, however, final server stats were not immediately available on Sunday as the total had not been fully added up by the scheduled report time.  

Submitted by C Costigan on, May/03/2009

Recession Having Little Affect on Kentucky Derby Online Gambling

Bloomberg News was reporting on Friday that Kentucky Derby betting may fall 30 percent as the worst economy in a generation hits Louisville.  Not so with online gambling as Gambling911.com was see

Submitted by C Costigan on, May/01/2009

Verizon in Hot Pursuit of Apple iPhone: Odds Posted

Recent frantic reports emerged over the past few days claiming Verizon Wireless' hot pursuit of an iPhone or iPhone like device from Apple in order to compete with AT&T, which has exclusive rig

Submitted by Guest on, Apr/30/2009

William Hill Sees Double Growth in Online Business Despite Recession

The United Kingdom's second largest bookmaking operation is reporting a 50 per cent rise in revenue from its online gambling arm over the past year.  These figures come as the company recorded an

Submitted by Jagajeet Chiba on, Apr/30/2009

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

Breaking News

The Scoop on Progressive Slot Machines

The Scoop on Progressive Slot Machines

There are two basic types of slot machine jackpots aside from online slots. The first type is the old school slot machines where the jackpot was listed right on the slot machine glass permanently and was almost always three or five 7's, depending on how many reels there were.

Tobey Maguire a ‘Royal Jerk at Poker Table’, Told Hostess to ‘Bark Like a Seal’

“Molly’s Game”, the new memoire from the so-called “Poker Princess” Molly Bloom, arrived in bookstores Thursday (June 12, 2014) and it’s not without its juicy tidbits blasting the likes of “Spider-Man” actor Tobey Maguire. 

What You Need In Your Home Office For Successful Bookie Business

Bookmaking is a  profession. It is a work just like any other. You need to take it seriously. If you want real benefits, you need to give it credit. This is even if you are working from home.