Gambling Companies
Gambling Companies, Gambling Stocks
NHL Enters Into Multi-Year Exclusive Deal With DraftKings.com
The National Hockey League has just entered into a multi-year exclusive deal with one of the world’s largest daily fantasy sports contest sites, DraftKings.com. The agreement calls for DraftKings.com to become the official daily fantasy sports site of the NHL.
Caesars Shares Plunge on News of 3Q Losses
Caesars Entertainment Corp. on Monday reported a wider 3rd quarter loss than what had previously been expected. The Las Vegas-based company has not been profitable since 2009.
Caesars reported a loss of $908.1 million, or $6.29 per share, for the July-September period. It posted a loss of $761.4 million, or $6.03 per share, in the same months last year.
Bookies Fare Well With Jets, Browns, Ohio State Outright Wins
The three most wagered on sides in Football this past week just happened to all be dogs. Each of these teams also won their respective games, leading to big victories for the bookmakers as well.
By far the biggest of those wins came with the New York Jets beating Pittsburgh at home as a +4.5 underdog.
Dan Bilzerian Plays Poker With Mini Me, a Gorilla
Poker playboy Dan Bilzerian recently teamed up with Mini Me star Verne Troyer (“Austin Powers”) and a tuxedo-wearing gorilla named Gerald to shoot a commercial for the online casino group BGO.com.
888 Sees 22 Per Cent Jump in Q3 Revenue
(Reuters) - 888 Holdings Plc shares rise as much as 5.4 pct, among the top performers among UK midcaps, after issuing an upbeat outlook.
** Online gambling company says expects full year adjusted EBITDA ahead of current analyst consensus.
** 888 posted a 22 pct jump in Q3 revenue driven by a strong performance in its casino games.
** Investec Securities, which rates stock a "buy" , says all areas are performing well, but casino, in particular is way ahead, with Q3 revenue up 23 pct.
** Up to Monday's close, the stock had fallen about 25 pct this year.
William Hill Bookmaker Under Investigation: Denies Unlawful Activity
Britain’s biggest bookmaker, William Hill, has voluntarily suspended one of its call centers following the launch of an investigation into alleged unlawful activity.
The Philippines National Bureau of Investigation will conduct the probe at the Manila center.
The bookmaker insists it has not engaged in any unlawful activities.
Bout of Bad Luck, Boosted Revenues Cause Betfair Share Price to Rise
A 22 percent revenue increase to £119m helped share prices rise nearly 3 per cent to £12.46 in early trading on strong second-quarter results.
Much of the rise in revenue directly correlated with strong World Cup results favoring the bookmaker though its active customer base also rose 30 per cent.
Breon Corcoran, Betfair's chief executive, suggested the firm’s focus during the second quarter had been on "maintaining this momentum".
MGM Posts Narrower Losses
(Reuters) - MGM Resorts International posted weaker-than-expected bottom-line results for the third quarter, injure by lower revenue at its China operations.
Shares fell 3.9% to $22 in recent premarket trading. The company has seen traffic increase at its Las Vegas hotels and casinos and has generally done well in Macau. Beyond these core markets, MGM Resorts, like its rivals, is looking to broaden its market in to Japan following momentum in the country toward legalized gambling.
Nevada Sportsbooks had Their Third Best Month Ever: NJ Left Out in the Cold
Nevada sportsbooks raked in $37.27 million from $339.1 million bet during the month of September, making it the third best month in amount won and wagered for the books according to the Nevada Gaming Control.
The sportsbooks enjoyed nearly an 11 percent hold on College Football and NFL bets.
"Sports betting is on a roll," said Nevada Gaming Control senior research analyst Michael Lawton.
Taj Mahal Closing in Atlantic City ‘Inevitable’ Says Icahn
ATLANTIC CITY, N.J. (Associated Press) — Billionaire investor Carl Icahn says the struggling Trump Taj Mahal casino "will almost certainly close."
Outsource Bookmaking and Sportsbook for Bookies
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DraftKings Partners With New England Patriots: First Deal of its Kind in NFL
The popular daily fantasy sports site Draftkings.com has partnered with the New England Patriots. The partnership is a first for any professional football team with an organization operating in daily fantasy sports and it was inked just hours before Thursday night’s game against the Jets.
Real Money Candy Crush Coming to NJ: Video Gaming Addiction Specialists Cringe
Candy Crush Saga is the uber popular social gaming platform that now rivals what Farmville had been a few years ago. And now Candy Crush is coming to Atlantic City to save the day. That resort town has lost more than a quarter of its land-based casinos in the past year as the gambling landscape continues to shift with the times.
Rochester NY Rivals Silicon Valley as New Tech Epicenter, Fantasy Sports Hub
In an interview conducted with Gambling911.com’s own Thomas Somach this week, Seth Young, COO of Star Fantasy Leagues, revealed neither he nor the two co-founders have any intention to move their thriving fantasy sports business out of Rochester, New York, calling the city “
Star Fantasy Leagues Giving Traditional Sports Betting a Run for its Money
ROCHESTER, N. Y. -- The hottest things in sports right now are commercial sports fantasy leagues, where fans of major sports can create and manage their own imaginary teams and, in the process, earn cash prizes depending on the teams' success.
And it's all legal, because the Federal government of the U.S. has officially decreed that participating in fantasy sports involves skill, not luck, so it's not considered gambling.
Atlantic City Casinos for Sale at Deep Discounted Prices
ATLANTIC CITY, N.J. (Associated Press) -- The meltdown of Atlantic City's casino market has created some stellar bargains for would-be purchasers of some of the city's biggest landmark properties. Here are a few of the recent discount sales:
Icahn Claims State Senator is ‘Selling Out Atlantic City’
ATLANTIC CITY - Carl Icahn accused New Jersey's Senate president of "selling out" Atlantic City by considering casinos near New York City, while the legislative leader said the state would not give the billionaire investor the tax breaks he is seeking.
Icahn responded Friday to stinging criticism by Stephen Sweeney (D., Gloucester) and others about Icahn's role in a proposed bailout of the struggling Trump Taj Mahal Casino Resort. Icahn said he would give the casino $100 million, but only in return for union givebacks and tax credits.
Game Makers Look to Attract Kids With Cool Gambling Options Like Futuristic Slots
LAS VEGAS — (Associated Press) - With the gambling industry anxious to attract younger players, some slot machine makers are looking to challenge the generation raised on video games.
Kay Wants Resolution in Bodog Case But Intends to Extradite If Necessary
On Tuesday, Van Smith of the Baltimore City Paper revealed a letter sent by assistant U.S. Attorney Richard Kay to the judge presiding over the case against four Bodog principals including founder Calvin Ayre, each of whom were indicted for illegal gambling and money laundering.
Wynn Land Owner and Convicted Felon Pleads Not Guilty to Wire Fraud
BOSTON — (Associated Press) - An owner of the land that Wynn Resorts is planning to develop into a $1.6 billion casino has pleaded not guilty to federal wire fraud charges in connection with the land deal.
Charles Lightbody, of Revere, is set to be released Tuesday on an unsecured $50,000 bond that comes due if he violates the terms of his release. The terms include remaining in Massachusetts, adhering to a 7 p.m. curfew, not drinking alcohol excessively and wearing a monitoring bracelet.
Vaccaro: ‘House has Won Every Week in NFL So Far’
LAS VEGAS – (Associated Press) - Jimmy Vaccaro thought he would offer bettors a little fun — and a long-shot chance at some real cash — when he put up a proposition this week at 25-1 odds on the Jacksonville Jaguars going winless this season.
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Fantasy Sports, Live In-Play Wagering Helping to Boost Sports Betting
Fantasy Sports was a hot topic at this week’s Global Gaming Expo with daily leagues helping to fuel sports betting.
Joe Asher, CEO of William Hill, which operates sportsbooks in Las Vegas told those in attendance that “the business is very, very healthy”.
Hard Rock Hotel and Casino Coming to Atlantic City?
The parent company of the famed Hard Rock Hotel and Casino is poised to enter the Atlantic City casino market.
The Hard Rock parent company, Toronto-based Brookfield US Holdings LLC, won a bankruptcy court auction for the failed Revel in Atlantic City on Wednesday and plans to re-open it as a casino.
PokerStars Lanza Nuevos Juegos de Casino en Línea En España
Los residentes de España tienen la oportunidad de probar los primeros juegos de casino en línea en su país que se han dado a conocer por la comunidad mas grande de poker en la web, PokerStars.com.
La compañia, con sede central en La Isla de Man, ha lanzado los juegos de casino en línea por primera vez en España y por primera vez en su historia.
Best Football Betting Sites – Top Bonus Offers - 2014 Season
The best football betting sites offer a wide variety of wagering opportunities, top bonus offers, favorable lines and odds, an easy-to-use interface and payout solutions that do not result in unnecessary delays. Of course 24/7 customer service is also a given. Always use bonus code Gambling911 when joining.
Fantasy Sports Biz FanDuel.com Becomes the Biggest Tech Startup in UK
Guess which Edinburgh company is now the largest UK startup tech firm. Would you believe it’s none other than Fantasy Football behemoth FanDuel.com?
Gambling Industry Paid Out $38 Billion for Taxes in 2013
LAS VEGAS (Associated Press) — The gambling industry nationwide paid out a jackpot-worthy $38 billion in federal, state and local taxes in 2013, according to a report from the American Gaming Association.
It's the first time the group has added tribal casinos, casino-game makers and some online gambling into the mix for its annual study of the industry's impact in the U.S. The Associated Press obtained a copy of the report's tax revenue figures before its release Tuesday.
New Jersey Online Gambling Market Continues to Grow
Get the full run-down of the New Jersey online gambling industry since it first opened in November 2013.
So in case you’ve been living under a rock for the past year, online gambling has officially become legal in the state of New Jersey. Despite the struggling casino industry in Atlantic City, it seems that online betting in New Jersey has already taken off. Within just six weeks after the market opened back in November 2013, the online gambling industry generated $8.6 million.
Nevada Casino Revenue Down 4 Percent in August
State officials say Nevada gambling revenue was down nearly 4% in August compared with a year earlier, largely due to a drop in winnings on the Las Vegas Strip.
Nevada Gaming Control Board officials said Friday that casinos brought in $920 million in August, down from $955 million a year ago.
Revenue on the Las Vegas Strip was down 6% year-over-year to $553 million, while downtown revenue went up 4% to $35 million.
Reno gambling revenues were down 2% to $53 million.
