Gambling Companies
Gambling Companies, Gambling Stocks
Playboy Problems Not Stopping With Online Poker Room
The closure of Playboy's online poker room last week appears to be just the tip of the iceberg.
The famed company warned investors that it will take a write-down of goodwill and other charges amounting to more than $100 million, resulting in a net loss for Q4. The magazine publisher also expects a $4 million charge on cost-reduction initiatives, which will include an unspecified number of job cuts. The company will also fold its New York office according to reports.
"Who knew sex was a bad business to be in?" asks Belinda Luscombe of Time Magazine.
Academy Awards of Online Gambling (2009)
Gambling911.com's International Senior Correspondent and vertical chrome pole dance expert reveals her choices for the 2009 Academy Awards of Online Gambling.
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Hey, the nominations were released on Thursday for each category in the 2009 Academy Awards. A full slate of Oscar betting odds were now available at SBG Global - home of the massive cash bonuses.
Bodog Poker Falls to 19th Spot for Real Cash Players
Bodog Poker's luck continues to wane. A check of Saturday morning's real cash poker activity showed that the once prominent online gambling firm was 19
Porn Poker Room: Latest Casualty of Struggling Economy
Apparently, porn can be sustained, but poker can not.
PartyGaming Loses It’s Managing Director
In a blow to the struggling online poker firm, PartyGaming Managing Director, John O'Malia, has quit the job after only 8 months in the position.
Tropicana, Trump in Trouble
If there was any doubt the recession was hurting casinos, Tuesday's news should put those questions to rest.
No Luck With Gambling Stocks
It's the Las Vegas gambling stocks that are the real losers these days, not the actual gamblers.
BetFred Sold: Done Brothers Done With Online Gambling
Fred and Peter Done are done with online gambling it seems as they have sold their online gambling operation, BetFred, netting some £27.2m from the sale.
The Internet gaming division Betfred NV, registered in the Netherlands Antilles, had been underperforming for a number of years after a belated entry to the market, and the company said the disposal made "commercial sense", reports James Chapelard of Crane's Business (Manchester Division).
William Hill: Trading Continues to be Resilient
(Reuters) - British bookmaker William Hill (WMH.L) said it remained in discussions with its banks over plans to refinance its
DoylesRoom Poker Wants Cake: Full Tilt Wants Sportsbook
One of the world's most popular online poker rooms, Doylesroom.com, plans to debut an Internet casino along with its popular card room as the g
Playboy Casino and Poker Room Shuts Down
In a sign of the troubling economic times, the Playboy Casino and Poker site has shut its doors.
Online Gambling Software Company, Associates Sued
Gordon Levine, a lawyer at the Kugler Kandestin law firm in Montreal has confirmed that he represents T2 Marketing Inc. in a lawsuit against a company identified as 6300511 Canada Inc., and four Canadian citizens who are named in documents filed in Quebec Superior Court action 500-17-046150-085, according to a report appearing on the website Recent Poker.
Each of the defendants are being sued for the amount of Cdn$464 007.21.
Is Bodog Finally Starting to Get its Act Together?
Two month long payout delays, IRS threats about confiscating funds and a retired founder, Calvin Ayre, without a country - all things that have become synonymous with Bodog in recent times. The o
PokerStars Sets Record For Single Tournament Entries
The results are in. PokerStars - them world's largest online poker site has shattered the Guinness World Record for the Largest Online Poker Tournament. As part of PokerStars' 'World Record Week', 35,000 poker players - enough to fill a professional football stadium - took part in the special $11 buy-in tournament on Sunday, December 28, 2008, with PokerStars guaranteeing a $500,000 prize pool. PokerStars had set the previous record with a field of 20,000 players in the Sunday Hundred Grand on July 29, 2007.
IRS Goes After Bodog
The U.S. Internal Revenue Service has filed court documents describing how Bodog used a string of companies in Malta to circumvent U.S.
Bodog Poker Loses Largest Market Share in 2008
According to PokerSiteScout.com Bodog Poker was the biggest loser of 2008. That online poker room lost 34 perc
GigaMedia is the Online Gambling Stock to Watch
The Motley Fool has revealed three stocks to watch for 2009 and one of them is Asian online gambling firm GigaMedia.
PartyGaming Sues Former Owner of Empire Online
Jan. 5 (Bloomberg) -- PartyGaming Plc, the owner of the PartyPoker.com brand, sued investment company Livermore Investments Group Ltd.
America’s Biggest Billionaire Loser is Casino Boss
Last week, Gambling911.com reported on how Forbes Magazine listed India born PartyGaming co-founder, Anurag Dikshit among the biggest billionaire blowups in 2008 (they valued his net worth at a mer
CardSpike Poker Affiliates Want Answers From CAP
Online poker affiliates claim a relatively new room has been stiffing them. That room is CardSpike.com, launched last this past summer. A number of its affiliates and some industry observers ha
PartyGaming is a Scary One-Eyed Monster With Little Bite
PartyGaming, once the world's largest online poker firm with more than half the market and a darling of the London Stock Exchange, has gone into free fall in recent years. Amazingly, despite losi
BetFair Blamed for Exposing Gambling to Children
Angry Aussies have expressed disgust over BetFair, the world's largest online betting exchange, claiming that the firm's cricket ads were
PokerStars Will Not Be Affected By PartyGaming Settlements
PokerStars lawyers told a local newspaper that it is "business as usual" for the world's largest online poker room.
Merge Poker Network Likely to Pass Bodog Poker
The Merge Poker Network, which includes its flagship brand Wass Poker could be on its way to surpassing Bodog Pok
Judge Jed Rackoff Presiding Over A. Dikshit Plea
We now know the name of the judge presiding over PartyGaming co-owner Anurag Dikshit's settlement with the US Government. It's the honorable Judge Jed Rackoff. For the 95 percent of Gambling911
Annie Duke Stands By UltimateBet Poker In Wake of Scandal
Despite numerous rumors to the contrary, poker pro Annie Duke revealed to Gambling911.com's own Jenny Woo this week that she is willing to continue to put her name behind
Tel Aviv Online Gambling Firms Thrive During Economic Woes
Casino Affiliate Convention organizer, Marc Lesnick, says the Tel Aviv online gambling scene is thriving despite a troubled economy.
Grand Prive Casinos – Bella Vegas Cannot Escape Bad PR
The Grand Prive Online Casino group, which consists of its flagship brand, Bella Vegas, recently cut off their advertising affiliates in a move that has stunned industry diehards.
Poker Portal Owners On US Government List?
On a recent trip back from Brussels I found myself being ushered into that dreaded "US customs interrogation room". It goes something like this: You hand your customs form over to a p
