Business & Financial
Tropicana Online AC Casino Revenue Up $1.9 Million in March for Biggest Gain
Tropicana and its iGaming partner Gamesys (VirginCasino.com) witnessed a revenue increase of $1.9 million during the month of March, comfortably placing the group 3rd behind market leader PartyPoker and Ceasars.
One Year After WSEX Owner Suicide Players Still Hold Out Hope to Get Paid
This weekend marked the one-year anniversary of World Sports Exchange co-founder Steve Schillinger's death by suicide. One of the first online sportsbooks, WSEX.com owed well over a million dollars to customers at the time of Schillinger’s death.
Gibraltar Easter Day Explosion Halts Online Bets for Sunday Sporting Events
William Hill, BetFred and Ladbrokes were just three of the big name online bookmakers that operate from Gibraltar where an early afternoon generator fire and subsequent explosion knocked each of these businesses offline.
Massive Explosion Brings Down PartyPoker, Ladbrokes, William Hill Sites
An explosion in Gibraltar has resulted in Gibtelecom service disruptions and down time at the popular poker sites PartyPoker along with other online sports betting companies including Stan James, Ladbrokes and William Hill. Some of the biggest names in online gambling operate from Gibraltar. *Just a quick correction, we initially reported that PokerStars had been affected, however, they operate out of the Isle of Man and were not impacted by the explosion.
Pay Per Head Sports Betting Software: The Real Bookies Benefit
God only knows there are several dozen Pay Per Head software platforms out there. You can check out the endorsed pay per heads right here on the Gambling911.com website.
Borgata, Phil Ivy Remain Mum Over Cheating Allegations, Lawsuit
Neither the Borgata Casino or poker pro Phil Ivey have commented on a lawsuit filed by the property last week accusing Ivey of cheating at their baccarat table.
And the Borgata won’t be commenting any time soon.
Bwin.Party Shares Up Nearly 2 Percent on News of Potential Shakeup
Bwin.Party shares were up 1.97% (124.00) Thursday following news that activist investor Jason Ader looked to shake things up on the board.
Unibet Pulls Out of Russia One Month After Being Placed on Black List
Malta-based Unibet has opted to cease taking new Russian poker players and online gamblers one month after the company was placed on a country “black list”.
Jason Ader Activist Investor Taking on Bwin
New York based hedge-fund investor, Jason Ader, well-known t o Gambling911 readers from his earlier victory over IGT was featured in the worldwide media today for his announcement that he intends to propose for election four new independent Directors to the Board of BPTY at the forthcoming Annual General Meeting of BPTY.
Atari Enters Real Money Online Gambling Arena
(Associated Press) - Atari, the maker of classic video games like "Pong" and "Centipede," is about to make things a bit more interesting for players.
The company said Tuesday that it is getting into real-money gambling through a partnership with gambling company Pariplay.
Pariplay will launch Atari's brands across a number of social, online and mobile platforms. This includes a website with real-money gambling on some of Atari's arcade classics, like Centipede, Asteroids and Pong.
The launch is slated for the fourth quarter.
Borgata to Pay Out $1,721,805 to Affected Players in Chip Scandal
The Borgata Casino will pay out $1,721,805 to those affected by a scandal earlier in the year in which fake chips were detected during the Borgata Winter Open.
Baseball Hall of Famer Brooks Robinson Suing Seminole Hard Rock for $10 Mil
Major League Baseball Hall of Famer Brooks Robinson has filed a lawsuit against the Seminole Hard Rock Hotel & Casino for $10 million following a six foot plunge off an unsecured stage at the establishment two years ago.
The 76-year-old former Baltimore Orioles player has suffered permanent injuries as a result of the fall.
Atlantic City Casinos Bring in 15 Percent More From Online Gambling in March
(Associated Press) - New Jersey casinos brought in 15 percent more from online gambling in March over the previous month, but it wasn't nearly enough to offset the diminishing revenue from Atlantic City's long-struggling brick-and-mortar casinos.
Why Billionaire Sheldon Adelson Doesn’t Have Enough Money to Stop Online Gambling
Slate featured an article Monday morning suggesting that casino billionaire Sheldon Adelson does not have enough money to stop Internet gambling.
32Red Sign Rangers FC Shirt Sponsorship Deal but Shares Slump on Day’s Trading
Online gambling firm 32Red announced Monday a new shirt sponsorship deal with the Rangers Football Club, which will run the course of three years.
Despite the good news, shares in the company dipped 6% on the day’s trading. It was not immediately clear what caused the slump.
Ed Ware, Chief Executive Officer, said: "We are delighted to be working with Rangers Football Club and look forward to being part of the continued rise and return of the Club.
Is the Tropicana Buying the Sands Casino Bethlehem? Rumors Run Rampant
All of Eastern Pennsylvania is abuzz with the news that the famed Tropicana Hotel and Casino, a staple in Atlantic City, could be about to buy the Sands Casino Resort in Bethlehem.
Principals from both companies have declined comment when approached by the regional paper the Morning Call.
iGame and Plus One Dreams Online Gambling Firms Merge
Two Finnish online gambling firms based out of Malta have announced a merger in an effort to better compete with the likes of fellow Scandinavian wagering companies Betsson and Unibet. The combined company will use the iGame name.
Casino Magnate Sheldon Adelson Gives Israel $16.4 million to Go to Moon
Casino billionaire, GOP mega donor and friend to Israel, Sheldon Adelson, has just donated $16.4 million to that country so it could become only the 4th nation to land on the moon.
Which Online Poker Rooms Welcome Grinders: A Look at Americas Cardroom
San Jose, Costa Rica – Poker players who love to grind have suddenly been shunned by recent changes in the poker landscape. Some US-friendly poker sites are reducing the number of tables during multi-table play leaving a bad taste in the mouths of players and drastically affecting their earning potential. One online poker site has responded by letting the world know that it's business as usual.
How Do I Become a Bookie? Build Volume, Love Your Customer and Play Golf
How does one become a bookie, you might be asking? Or do you really want to be a bookie?
It doesn’t matter the time of year, gamblers will always find something to bet on and bookies…well…they will always be lining their pockets (since the house never loses). So, yes, becoming a bookie can be a lucrative business.
Hillary Clinton Has Shoe Thrown at Her at Sheldon Adelson’s Mandalay Bay (Video)
Former First Lady, Secretary of State and expected front runner for the 2016 US Presidential race, Hillary Clinton, had a shoe thrown at her while speaking at a hotel owned by casino billionaire Sheldon Adelson. He just happens to be among the GOP’s biggest donors.
No, Adelson didn’t throw the shoe.
The woman who did, it’s not clear what the motive may have been.
Clinton took the incident lightly while speaking at an Institute for Scrap Recycling Convention, asking “Was that a bat?”
The video appears below.
New Jersey Online Gambling Revenue Estimates Dip Further
Casinos in New Jersey rounded off the month of February with a total revenue of $412.2 million from both iGaming and sports betting activities in the state.
Ladbrokes Buys Australian Betting Firm BetStar
(Reuters) - Bookmaker Ladbrokes (LAD.L), facing regulatory and tax pressures in its British home market, has expanded its Australian business by buying online betting company Betstar for 12.4 million pounds.
The deal announced by Ladbrokes on Wednesday follows a similar-sized acquisition last September when Ladbrokes - Britain's second-biggest bookmaker - bought online company Bookmaker.com.au and launched a website in Australia.
Activist Investor at Bwin.Party Questions Chairman Appointment
Jason Ader, the activist investor who works extensively in gaming, continues to make waves in the industry. As featured today in the Daily Telegraph, New York-based Ader feels bwin.party is tremendously undervalued.
Ader has reportedly told confidants that bwin needs some changes to meet its full potential in the gaming arena.
GVC Looks Towards More Acquisitions Following Sportingbet Success
(Reuters) - GVC is looking at further acquisitions after turning around the Sportingbet businesses it acquired last year, the online gambling company said on Wednesday.
GVC, one of the smaller players in the sector and listed on the AIM stock market, said operating profit more than doubled to 38.3 million euros ($52.8 million) in 2013, boosted by moving Sportingbet into the black.
"We are now ready for the next stage in our corporate development and further geographic expansion through organic growth and acquisitions," Chief Executive Kenneth Alexander said.
Online Super Series III Pays Out a Record $1,176,445 in Prize Money
It's not just the upcoming LSOP Millions II that has online poker players excited about the concept of a million bucks. Leading online poker site Americas Cardroom today announced that its $900,000 online poker series paid out nearly $300,000 more than what had been guaranteed, handing out a record $1,176,445 in prize money.
Intrade Co-Founder Brings Back TradeSports Prediction Market Platform
Originally debuting as TradeSports, the now defunct Intrade is being reincarnated using the original branding strategy.
Intrade Co-founder Ron Bernstein is starting a test phase for his company on Monday (April 14, 2014).
“Sports are always going to be the best laboratory for prediction markets,” he says. “All those things now are just recorded and data-mined and discussed.”
You Can Really Bet on WWE Wrestling? Bookie Gets Crushed by Lesnar Win
Online bookmaker Bovada.lv is likely regretting the decision to start taking bets on WWE Wrestling, and more specifically WrestleMania.
Sunday night the book got crushed by two big underdogs winning their respective matchups, a rarity in professional wrestling.
Atlantic City 2013 Revenue Lowest Since 1989
ATLANTIC CITY, N.J. (Associated Press) - Not even a boost from Internet gambling money and the comparison with an extremely slow period after Superstorm Sandy could prevent Atlantic City's casinos from seeing a big decline in their earnings in 2013.
The casinos saw their gross operating profits decline by nearly 35 percent last year.
The 12 casinos that operated in 2013 - the Atlantic Club shut down in January of 2014 - posted a collective gross operating profit of $235 million, down from $360 million in 2012.
Playtech Gets ‘Buy’ Rating From 12 Agencies
Online gambling software firm Playtech has received a “buy” rating from 12 different agencies that cover the stock.
From the MidEast Times:
Five equities research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is GBX 816.10 ($13.53).
