Business & Financial
Real Money Online Poker in California to Launch Next Week
Forget that another year has come and gone without passage of online poker legislation in the state of California. Don’t tell that to the Santa Ysabel Gaming Commission, which plans to turn its free-to-play online poker site into one where customers can play for real money some time between August 26 and 28.
Revel Casino Wanted to Close Today (June 18)
ATLANTIC CITY (Associated Press) — If the owners of Revel Casino Hotel had their way, the $2.4 billion resort would have been shut down on Monday.
Revel Entertainment had asked New Jersey casino regulators for permission to close down on Aug. 18. But the state Division of Gaming Enforcement denied the request, eventually prevailing upon Revel to remain open until Labor Day weekend.
Revel’s hotel will close at 11 a.m. Sept. 1, and the casino will shut down at 5 a.m. the next morning.
What is a Good Site to Bet Football Online? BetPhoenix.com
Gambling911.com would like to welcome BetPhoenix.com into the fold as one of the premiere places to bet football online in 2014.
EPT100: Estrellas Breaks PokerStars Record: €50K Kicks Off Monday
Estrellas Barcelona Main Event is the Largest Unique Field in PokerStars History
Reuters: Chips Are Down for Atlantic City's Hard-Luck Revel Casino
(Reuters) - When the $2.4 billion Revel Casino opened its doors in 2012, the curvy blue-glass tower was hailed as the wave of the future for Atlantic City, New Jersey.
But only two years later, with the announcement that it will close next month while in bankruptcy for the second time, the gleaming, 52-story gambling palace is looking very much like a white elephant stranded on Atlantic City's beachfront.
New Jersey Bookies Look for Bountiful Year Due to Offshore Exit
Amaya Gaming Releases 2nd Q Financial Results on Heels of PokerStars Acquisition
Amaya Gaming on Friday released their 2nd quarter results following the company’s acquisition of the world’s largest real money online poker company, PokerStars.com.
SECOND QUARTER AND SUBSEQUENT HIGHLIGHTS
Bookmaker Hopes to Dominate Live In-Play Betting for 2014 Football Season
Gambling911.com recently visited the Bookmaker.eu offices and its expansive state-of-the-art live in-play betting department (pictured), which may very well put even the European sportsbooks to shame.
Bet365.com Samuel L. Jackson Promos Under Scrutiny
Popular British-based online bookmaker Bet365 has come under fire down under with its promos that feature Hollywood actor Samuel L. Jackson. The company is accused by the Australian Competition and Consumer Commission (ACCC) of failing to properly disclose terms associated with offers of free bets and deposit bonuses.
Pittsburgh Area Bookies: Western PA
Pittsburgh area bookies cater to a hardcore sports betting crowd that have pledged their allegiance, not only to the Steelers, but to the Penguins NHL team and, to a lesser extent perhaps, the Pirates MLB team. Pittsburgh colleges have enjoyed success in Men’s Basketball and to some degree Football.
Poker Pros Dropping Like Flies as Sites Scale Down: UltimatePoker, PokerStars
UltimatePoker.com is the latest online poker site to slash its professional poker team, this time in half.
Gone are Phil Collins (no relation to the famous singer), Jeremy Ausmus, Lauren Kling and William Reynolds.
2012 One Drop winner Antonio Esfandiari and Jason Somerville remained on the Ultimate Poker roster.
The news comes as PokerStars has begun to shrink its Latin American pro roster.
Revel Casino Still Looking for Bidders
Atlantic City, N.J. (Associated Press) - A day after announcing it will shut down next month, Revel Casino Hotel told a bankruptcy court judge it is still negotiating with potential buyers.
In a notice adjourning an auction of Revel that had been set for Thursday, its lawyers say they are engaged in "ongoing negotiations" with "certain potential bidders" they did not identify. The filing follows Revel’s announcement that will shut down by Sept. 10, having been unable to find a buyer.
Full Tilt Poker Pros Could Recover From ‘Black Friday’ Losses
Claims Administrator, the Garden City Group, has announced that former pros of the online poker site Full Tilt Poker could qualify to receive payments due following that company’s abrupt April 2011 exit from the US market.
The company shut its doors soon after but was eventually resurrected by PokerStars, which entered into an agreement with US authorities to facilitate payment to players affected by the closure.
Men Claim Harrah’s Atlantic City Security Guards Brutally Beat Them
Attorneys for two Philadelphia men who allege they were beaten by security guards at Harrah’s Resort in Atlantic City, New Jersey are calling for state and federal prosecutors to investigate the separate incidents, both of which were profiled on ABC’s 20/20 news magazine last week.
Atlantic City’s Revel Casino to Close in September
ATLANTIC CITY – (Associated Press) - Atlantic City's newest casino is shutting its doors just over two years after opening amid high hopes of turning around the crumbling seaside resort's gambling market.
Revel Casino Hotel will shut down next month after failing to find a buyer in bankruptcy court, company officials announced Tuesday.
The company said the $2.4 billion casino will close its doors on Sept. 10. It has never turned a profit.
The closure will mean the loss of more than 3,100 jobs.
Caesars Posts Bigger Than Expected Second Quarter Loss
LAS VEGAS (Associated Press) - Caesars Entertainment Corp on Monday reported a wider loss in its second quarter.
The Las Vegas-based company posted a loss of $466.4 million, or $3.24 per share, compared with a loss of $212.2 million, or $1.69 per share, in the same quarter a year earlier.
Losses, adjusted for costs related to mergers and acquisitions and asset impairment costs, came to $2.31 per share.
Gamblers Sue Foxwoods for Over $3 Million Over Unpaid Winnings
NEW HAVEN, Connecticut — (Associated Press) - Three gamblers have filed a lawsuit against Foxwoods Resort Casino alleging the eastern Connecticut casino failed to pay them more than $1.1 million that they won in a table game in 2011 and didn't give them back a $1.6 million deposit they put down to cover any losses.
The Day of New London reports that the gamblers filed the lawsuit in federal court in New Haven July 31, seeking $3 million in damages. The plaintiffs are Chinese nationals Cheung Yin Sun of Las Vegas and Long Mei Fang and Zong Yang Li of Los Angeles.
Cincinnati Bookies: It’s All About The Bengals, Bearcats, Reds and Pete Rose
Local bookies thrive in Cincinnati, Ohio, and with good reason. Bengals fans tend to be hardcore bettors. But bookies also take their fair amount of action on the Reds and University of Cincinnati Bearcats as well.
Finding a local bookie is easy as pie in Cincinatti with its abundance of sports bars and pool halls. These include the likes of Local’s Sports Bar & Grill, Knockback Nats, Rhinehaus, Tap House Grill, Rock Bottom and the Brass Tap, just to name a few.
Popular pool halls include House of Billiards, Western Bowl and Princeton Bowl.
New Jetsmarter APP Lets Gamblers, Casino Execs Fly in Style for Cheap Fares
A new Florida-based company called JetSmarter has just the ticket for gamblers across the U.S. who like to take off for Las Vegas on a whim and travel in style: it has created an app so you can nab last-minute seats on private jets for stunningly low fares!
Cleveland Area Bookies Hope to Capitalize Off of Lebron, Johnny Manziel
With Lebron James back in town, Cleveland area bookies have been making some serious coin on the new demand for Cleveland Cavalier bets.
Cleveland has always been a hardcore sports town with the Browns and Indians but the Cavs simply haven’t attracted the type of interest that comes with having a bona fide star the likes of Lebron.
Chicago Illinois Area Bookies
Chicago area bookies can be found throughout the city and suburban areas. Sports bars and pool halls are especially popular with Chicago, Illinois bookies.
Chicago is a big sports town with home teams that include the NFL Bears, two Major League Baseball teams – the Cubs and White Sox, the NBA Bulls and a very good NHL team that won the Stanley Cup two years ago and played in the Stanley Cup Final this year but lost.
Oregon Bookies - Portland, Eugene, Corvalis: It’s All About GoDucks
Oregon bookies are everywhere with plenty of business throughout the state thanks to its high profile college football programs. Looking for a bookie in the state of Oregon? RealBookies may be able to set you up with a trusted local.
World Poker Tour® Strengthens Partnership With Global Poker Index
Los Angeles, CA - World Poker Tour® announced today that the Season XIII WPT® Player of the Year award will be powered by the Global Poker Index™. Also, for the first time ever, the Player of the Year race will include not only the WPT Main Tour, but WPT500, WPTDeepStacks, and WPT National and Regional Events as well.
Forex Betting: Euro Drops After ECB Hold Rates Remain Unchanged
(Reuters) - The euro weakened on Thursday, undermined by the European Central Bank's saying it would leave interest rates unchanged at record lows and that the fragile economic recovery will keep the loose policy in place for an extended period.
The ECB's decision was not unexpected by the market, and it heightened the contrast in monetary policy, with the euro zone moving toward easing and the United States moving toward tightening on an improving economic outlook.
The positive sentiment on the U.S. economy was helped by better-than-expected weekly U.S. jobless claims.
Revel Casino Bankruptcy Hearing Postponed Until Next Week
ATLANTIC CITY – (Associated Press) - The bankruptcy auction of the troubled Revel casino hotel, which had been scheduled for Thursday, has been postponed until next week.
Lawyers for the casino said in a court filing Wednesday night that they had received multiple bids for the casino by Monday's deadline and needed additional time to review them.
The auction was rescheduled for 9 a.m. next Thursday.
Atlantic City Mayor Don Guardian said last month that there were six potential buyers for the casino, but none of the potential bids have been outlined.
Bill to Legalize Online Poker in California is Dead in the Water for 2014
One of two bills introduced to legalize online poker in California has been pronounced dead for this year.
Democratic state Senator, Lou Correa of Santa Ana, a co-sponsor of the bill, said it needed to be shelved as there was not enough time left in the legislative session to get it for a vote.
Think the US Congress is bad taking off the entire month of August and a portion of September?
The California legislature not only takes off in August, they take off the rest of the year.
Las Vegas Sands Shares Fall Fast Wednesday on Macau Worries
Las Vegas Sands entered “oversold” territory Wednesday, according to Forbes.
California Broker Ordered by SEC to Pay Back $9 Mil Used for Gambling Debts
The Securities and Exchange Commission has ordered a California broker and investment adviser, John Thornes, to pay back approximately $9 million in fines (including $280,000 in interest) after it was determined he had stolen some $4.4 million from the trust of an 80-year-old client to pay off gambling debts.
Thornes also stole from a deceased man’s trust that was set up to fund college accounts, according to the SEC complaint.
Vacation homes, luxury cars and chartered private jets were also paid for with the stolen funds.
Seminole Hard Rock Joins Forces With PokerStars
The Seminole Hard Rock Casino in Hollywood, Florida has partnered with the largest online poker room PokerStars for its Seminole Hard Rock Poker Open Championship (SHRPOC) series.
PokerStars players now have the opportunity to buy into the SHRPOC Main Event via their online account.
The Hard Rock event runs from August 14 thru September 3 and features a $10 million guaranteed event and a $100,000 Super High Roller event.
The entire Seminole Hard Rock Poker Open Championship 2014 schedule appears below.
Trump Sues to Get Name Off of Atlantic City Casinos Including Taj Mahal
ATLANTIC CITY – (Associated Press) - Donald Trump is suing an Atlantic City, New Jersey, casino company, trying to force it to drop his name from its two gambling halls.
Trump tells The Associated Press he wants his name stripped from the Trump Plaza and the Trump Taj Mahal because their owner, Trump Entertainment Resorts, has failed to maintain them properly.
Trump says in a lawsuit filed Tuesday the poor condition of the casinos is hurting his personal brand.
Trump Entertainment Resorts has declined to comment.
