Business & Financial
Nevada Judge to Decide if Sands Wrongful Termination Case Should Proceed
LAS VEGAS (Associated Press) — A Nevada judge will decide if a wrongful termination case against Las Vegas Sands Corp. can proceed nearly five years after it was first filed.
District Court Judge Elizabeth Gonzalez heard closing arguments Thursday morning from lawyers representing former Sands China Ltd. CEO Steven Jacobs and casino-hotel company Las Vegas Sands.
At issue first is whether the case can be tried in Nevada since Sands China's operations are based in the lucrative Asian gambling enclave of Macau.
FantasyAces.com to Pay Out $250K Prize Days After Daily Fantasy Sports Expo
FantasyAces.com, a two-year-old daily fantasy sports website, promises a $250K payday on August 15, just days after the first ever Daily Fantasy Sports Expo in Miami Beach August 6-7.
MLB Commish Rob Manfred on DFS: ‘Need to be Competitive in That Space’
Speaking at Kauffman Stadium, home of the Kansas City Royals, newly appointed Major League Baseball Commissioner Rob Manfred spoke candidly about his league’s decision to partner up with daily fantasy sports firm Draftkings. He also discussed the prospects of legalized sports wagering.
Adelson Poll Shows Three Quarters of Those in PA Reject Online Gambling
Casino magnate Sheldon Adelson, whose Sands Casino in Allentown, PA is the state’s most successful, funded a poll that found nearly three quarters of Pennsylvania’s residents oppose online gambling.
Adelson stands in staunch opposition to legalizing Web gambling at the federal level and has helped draft legislation that would prohibit the activity.
Bwin and Sands Big-Wig Jason Ader Is At It Again With MD Insider
Jason Ader, a long-time friend to Gambling911 is at it again. The big-wig New York hedge-fund guru is now revolutionizing the healthcare arena, with his investment in MD Insider, which is based in California and using big data to evaluate physicians.
Move Over ISIS: Macau Beheading Plot Discussed at Sheldon Adelson Testimony
LAS VEGAS (Associated Press) — Casino mogul Sheldon Adelson found himself answering questions in a Las Vegas courtroom on Tuesday about what he knew about a plot to behead employees in Macau and if Chinese government promises were broken as Las Vegas Sands Corp. developed properties on the lucrative Cotai Strip.
Chinese Officials Funding US Political Campaigns: Adelson Denies Ties
If big money donors really do make a difference in the U.S. political landscape, the next American President could be determined by….the Chinese?
Oppenheimer, Vulcun Reps to Speak at First Ever Daily Fantasy Sports Expo
Want to raise money for your existing or start-up daily fantasy sports website? The place to be this August 6 and 7 in Miami Beach, Florida at the first ever Daily Fantasy Sports Expo.
Sayke Reilley has been announced to speak on the subject of Raising Money for Daily Fantasy Sports.
MGM Resorts Q1 Profits Up 65 Percent: Beats Wall Street Expectations
LAS VEGAS – (Associated Press) - MGM Resorts International posted a profit of $169.9 million, or 33 cents a share, in the quarter that ended March 31. That was up 65 percent compared to the same time a year ago and easily beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 14 cents per share.
Mondogoal.com Goal: To Be the World’s Top Destination for Fantasy Soccer
ISLE OF MAN -- It looks like deja vu for this tiny island off the coast of England that used to be a British territory but is now an independent nation.
A decade ago, some of the biggest online poker sites flocked here to set up shop.
Gambling laws were lax, the location was remote and the semi-air of British authority gave the poker sites a feel of legitimacy.
DraftKings NASCAR Rumors in Full Throttle Ahead of Indy 500
A Gambling911.com source has revealed that NASCAR will be the next professional sport to enter into a sponsorship deal with a daily fantasy sports company. The leading suitor is said to be DraftKings.
One only needs to explore the NASCAR properties to notice how popular daily fantasy sports is becoming among race fans.
And this news should shock anyone who has been following NASCAR industry news in recent weeks.
Sportsbooks Come Out on Top With Mayweather-Pacquiao Fight
It was billed as the “Fight of the Century” and certainly lived up to all the hype, at least where the gambling world is concerned.
Mayweather vs Pacquiao Vegas Odds: Flood of Money Coming in on Pacman
Mayweather vs. Pacquiao Vegas odds were all over the map with early action coming in on Manny Pacquiao.
Mayweather-Pacquiao Most Popular Bets: Fight Shatters Online Records
Carrie Stroup here with your Mayweather-Pacquiao fight most popular bets – those that were seeing the most wagering action at Sportsbook.ag.
Betting on the Mayweather Pacquiao Fight to Exceed $60 to $80 Million
Experts predict that betting on the much ballyhooed Mayweather Pacquiao fight will range between $60 and $80 million. And that’s only in the state of Nevada.
Current Line on the Mayweather-Pacquiao Fight: Wiseguy-Bookie Cat and Mouse
The current line on the Mayweather-Pacquiao fight as of Friday morning was coming in at -195 for Mayweather and +165 for Pacquiao.
Any Online Sportsbooks Accept Bitcoin for Mayweather-Pacquiao Fight?
BetOnline is the latest online sportsbook to accept the anonymous digital currency Bitcoin and will be doing so for the Mayweather-Pacquiao fight. They have been a long time sponsor of the Gambling911.com website.
Verdict to be Rendered Shortly in Luke King Billion Dollar Sports Betting Case
A verdict was anticipated in the coming days in the case of Legends Sports founder Bartice “Luke” King, who is charged with running an online sportsbook for well over a decade that allegedly took in over a billion dollars.
666Bet.com Making Some Payouts Following Disarray, Arrest
Some customers report receipt of payment from shuttered 666Bet.com following anxious weeks of waiting.
The company has addressed the issue further by advising that customers will now need to open Skrill accounts in order to request withdrawals.
We are aware of the problem with pending withdrawals from March and are working a resolution to return balances to customer accounts asap.
Betfair Account Recovery System Flaws Raise Alarms
Betfair, Europe’s largest betting exchange, has reassured its customers that it is fixing issues uncovered with its account recovery system.
A major security flaw was detected by users in recent days.
Poker Site Owner DFS Critique: ‘Like Crack Dealer Warning About Fen Phen’
Many a daily fantasy sports player has taken issue with Americas Cardroom CEO Phil Nagy’s recent critique about the dangers of the Daily Fantasy Sports (DFS) sector.PokerFuse.com interviewed Nagy recently, who warned that many of these new daily fantasy sports websites will likely go under by year’s end and players wrongfully believe that most are regulated. They are not.
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Ex-Wife of Wynn Won’t Stay on Board of Wynn Resorts
LAS VEGAS (Associated Press) — Elaine Wynn failed Friday to win re-election to the board of Wynn Resort Ltd. — the casino-hotel company she co-founded with ex-husband Steve Wynn — a development that ended a feud over the issue.
Shareholders who had to decide between re-electing Elaine Wynn or agreeing with a company recommendation to re-elect two other sitting board members ultimately sided with the company.
China Targets Gambling Mecca Macau in Latest Corruption Crackdown
(Reuters) - China's fight against corruption has spread to the world's largest gambling hub, the former Portuguese colony of Macau, where seven people including government officials are being investigated for graft, including accepting bribes.
The developments are in stark contrast to last year, when no high-profile officials were questioned about bribery, according to the website of Macau's Commission Against Corruption. The commission did not immediately respond to a request for comment.
Jimmy Vaccaro: Vegas Derby Record Could be Set Thanks to Mayweather-Pacquiao
Oddsmakers in Vegas aren’t just anticipated huge action on this weekend’s highly anticipated fight between Floyd Mayweather, Jr. and Manny Pacquiao. The Kentucky Derby is happening that very same day (May 2) and at least one oddsmaker believes that fight could help to set Derby betting records.
FanDuel Gets Naming Rights on Floyd Mayweather Trunks
The world leader in daily fantasy sports, FanDuel.com, announced this week it has purchased the naming rights to none other than Floyd Mayweather’s trunks. He will have them on full display during his highly anticipated May 2 bout with Manny Pacquiao.
As part of the deal FanDuel will award six tickets to the welterweight fight at the MGM Grand in Las Vegas.
Goodell Addresses Daily Fantasy Sports, Gambling and the NFL
NFL Commissioner Roger Goodell addressed the Associated Press Sports Editors group Friday on a number of topics, including daily fantasy sports and the role gambling may play in the National Football League (NFL).
In particular, Goodell referenced a number of sponsorship deals between individual NFL franchises (and other professional sports teams) with daily fantasy companies the likes of DraftKings and FanDuel.
From the Canadian Press:
BetMayor Casino Complaints: Gambling Company Confiscates $51,000 From Player
A player has reported that BetMayor Casino has confiscated $51,000 in winnings after that individual went on a two-month hot streak, winning 87% of the nearly 40,000 hands.
William Hill Reports Record Weekly Loss in January
The United Kingdom’s biggest bookmaker revealed it lost £14m in January after a series of what it referred to as "customer-friendly" football results.
Shares were down 3.3 percent in Thursday’s midafternoon trading as a result. Some of that was recovered by Friday.
FanDuel Enters Into Deal With 15 NFL Teams
NEW YORK — (Associated Press) - Nearly half of the teams in the NFL have signed sponsorship deals with FanDuel, the daily fantasy sports website.
The announcement of 15 football teams on Wednesday adds to the roster of professional sports sponsorships for FanDuel. It already had a deal with the NBA, which received an ownership stake in the company, and seven pro basketball teams. Major League Baseball and the NHL have deals with a competitor, DraftKings.
Las Vegas Sands Misses 1st Quarter Earnings: 34 Percent Drop in Profit
LAS VEGAS — (Associated Press) Las Vegas Sands Corp. CEO Sheldon Adelson said he knew what question was coming: when would the steady and steep decline in the world's most lucrative gambling market hit bottom?
A corruption crackdown that has shaken up the up-until-recently skyrocketing gambling business in Macau, China has sped swift drops in revenue and activity there.
