666Bet.com Back Peddling on Payout Promise: ‘We Can Only Pay When Back Online’
Beleaguered 666Bet.com issued a statement on Tuesday informing its customers they can only pay if back up and running online. This comes after assurances the company would refund customers once its licensing authority gives the green light.
Atlantic City Finally Sees Revenue Increase
ATLANTIC CITY, N.J. (Associated Press) -- Atlantic City's eight casinos saw their revenue increase by 2.3 percent in March, compared to a year ago.
But when the four casinos that shut down last year are included in the comparison, the city's gambling revenue was down 12.6 percent.
Figures released Tuesday by the state's Gaming Enforcement Division show the eight surviving casinos took in $203.8 million in March, compared to the $199.2 million they won in March 2014.
Fears Mount as 666Bet.com Players Not Getting Paid
Officials at beleaguered online gambling firm 666Bet.com sought to calm customer fears Monday that they will not be getting paid. The company shut down abruptly last night after its Director was arrested on money laundering charges.
Since that time, 666Bet.com customers have had little success accessing their funds.
The company issued this statement Monday:
Louisiana Mulls Over Daily Fantasy Sports Legislation
Louisiana has become the latest state to consider a measure fully legalizing daily fantasy sports for real money.
While not explicitly illegal in Louisiana, State Representative Joseph Lopinto wants his bill to clarify that daily fantasy sports is not gambling.
“We’re not betting on the outcome of a game or a point spread. Fantasy football is a game of skill,” Lopinto said.
Tournament Directors Association Summit Forced Out of Adelson-Owned Venetian
The 2015 Tournament Directors Association Summit has abruptly relocated from the Venetian to the Aria following a public backlash.
PokerStars Parent Company Amaya Trading Probe Details Emerge
Parent company to the world’s largest online poker site PokerStars, Amaya Gaming has reportedly been the subject of a probe by the Quebec securities regulator Autorité des Marchés Financiers (AMF).
Atlantic City’s Revel Casino Gets Second Life
ATLANTIC CITY, N.J. — (Associated Press) - Revel, the multibillion-dollar resort bust that was once widely viewed as the potential savior of Atlantic City’s struggling casino industry, is getting a second chance as part of a Florida developer’s ambitious plan to remake the East Coast gambling resort into a destination for bettors and tourists alike.
No Resort Casinos Coming to Florida as Bid to do so Ends
TALLAHASSEE, Fla. — (Associated Press) - A push to bring Las Vegas-styled resort casinos to South Florida is once again being rejected by the state Legislature.
The idea was a long shot from the start, but a top House Republican on Tuesday filed a revamped gambling proposal that drops any mention of casinos.
Breaking News: Americas Cardroom Takes Over No. 2 Spot in Traffic
In an exclusive to Gambling911.com, Americas Cardroom has unveiled a press release it is sending out Wednesday confirming it has taken over the number two spot in terms of North American-facing traffic.
PokerStars to Enter Daily Fantasy Sports Market by Start of NFL Season
It may be one of the worst kept secrets that online poker sites in recent months have been looking to expand their product base by offering daily fantasy sports contests.
Hence, it shouldn’t come as a shock that PokerStars, the world’s largest real money Web card room, has announced its plans to begin offering daily fantasy sports by the start of the 2015 NFL season.
Connecticut Casinos Stand to Lose $570 Million
HARTFORD, Conn. (AP) — The Native American tribes proposing to build new casinos in Connecticut released a report Monday that says new facilities in New York and Massachusetts, if left unchecked, will siphon away $570 million annually in gambling revenue.
The leaders of the Mohegan Tribe and the Mashantucket Pequot Tribal Nation said they were not surprised by the forecast, but they hope the report they commissioned will help inform others including the governor, who has been noncommittal about his position on opening more casinos.
Full Tilt Poker Takeover of PokerPages.com Leads to Google Disaster
Full Tilt Poker took over what they probably believed to be an excellent SEO-entrenched vehicle, PokerPages.com. While the purchase reportedly took place over a year ago, PokerPages has remained untouched during that time….and probably with good reason.
Amaya Outlines Future Plans for PokerStars
(Reuters) - Amaya Inc, which recently acquired online gambling sites PokerStars and Full Tilt, reported a near eight-fold rise in quarterly adjusted earnings on Tuesday, and outlined plans to seek a secondary listing on the Nasdaq.
The Montreal-based company said it plans to win new clients and supplement growth from its core poker business through expansion into other areas such as sportsbetting, social gaming and fantasy sports.
Las Vegas Drags Down State Overall Gambling Numbers
LAS VEGAS — (Associated Press) - Nevada's casinos won $916 million in February, but it was less than they won a year ago and still a ways from the state's more than $1 billion winning high-point two years ago.
The Las Vegas Strip lagged, dragging down the state's overall numbers.
The Nevada Gaming Control Board released its latest statistics Tuesday. They showed the amount casinos won from gamblers rose everywhere except the Strip, where winnings declined 4.38 percent to $531 million.
Nevada Lawmakers to Soon Decide on Academy Awards, Olympics Betting
LAS VEGAS, Nev. – (Associated Press) - Olympic fans visiting Nevada during the 2016 games in Rio de Janeiro might get to do something that hasn't been done in Sin City for years: Make a wager on who wins a medal.
Whether its archery or synchronized swimming, a casino operator and several sports books are lobbying Nevada gambling officials to allow betting on the Olympics.
They also want a change in the law that could allow bets on nonsporting events such as the Academy Awards, the most valuable player in Major League Baseball, or even "American Idol."
Casino Gambling in Japan Suffers Another Blow as Bill to be Delayed
(Reuters) - Prospects for legalising casino gambling in Japan suffered another blow on Monday as proponents said they would delay a bill allowing "integrated resorts", as the ruling coalition remains divided on the controversial measure.
Pro-casino lawmakers had said last week they would resubmit a previously failed bill by Tuesday, the end of the fiscal year. But they backed away from that plan on Monday as efforts continued to get the backing of the junior partner in Prime Minister Shinzo Abe's coalition.
Participants, Organizers Talk First Ever Daily Fantasy Sports Expo (Video)
The first ever Daily Fantasy Sports Expo has an entire industry excited. Hundreds of company executives, investors, attorneys and players will be congregating in sunny South Beach this August 6-7 to take part in this event.
Just How Big is Daily Fantasy Sports: Researchers, Numbers Crunchers Reveal All
ANAHEIM, Calif. -- There's an explosion of fantasy sports leagues in the USA right now, and with that explosion comes the need to track the trends that fuel it.
That's where Eilers Research, LLC comes in. (They will be appearing at the first ever Daily Fantasy Sports Expo in Miami Beach this August 6-7, 2015.)
BetOnline Becomes The Latest Big Online Sportsbook to Introduce Bitcoin
With the start of the NCAA Tournament last week, online betting giant BetOnline.ag saw more March Madness players in on the action than ever before.
Many Daily Fantasy Sports, Software Companies Attending Fantasy Sports Expo
The first ever Daily Fantasy Sports Expo in Miami Beach is shaping up for quite an impressive debut.
Marc Lesnick, the conference organizer and someone who has regularly put on top trade shows in the world of online gambling and i-Dating, tells Gambling911.com the initial response for this event has been unprecedented.
“We are getting new inquiries to speak on a daily basis,” Lesnick revealed.
MGM Breaks Ground on $800 Million Springfield Mass Casino
(Associated Press) - With confetti and fanfare, MGM officially broke ground Tuesday on an $800 million casino in western Massachusetts that represents the largest economic development project the region has seen in generations.Hundreds attended the ceremony held on a cold but sunny day in front of an old school the casino plans to raze to make way for a parking lot.
The groundbreaking was largely symbolic: Casino officials say there’s more to be done before construction can start in earnest.
Did Sheldon Adelson Buy Committee Hearing?
A hearing to deal with H.R. 707 or Restoration of Americas Wire Act is scheduled to take place March 25. The witness list – All four are pro online gambling prohibition. The backer of said legislation is none other than GOP megadonor and casino billionaire Sheldon Adelson.
Trump Casinos Must Pay Fine for Allowing Underage Gamblers
ATLANTIC CITY, New Jersey — (Associated Press) - Trump Entertainment Resorts has been fined for not notifying the state about a patron who was assaulted at one of its casinos and has to hand over more than $2,600 won by underage gamblers.
The company is forfeiting $2,648 that Trump Plaza won by gamblers later found to be underage. The fines involved 22 players from December 2012 through May 2014. Trump Plaza closed Sept. 16, 2014.
Sheldon Adelson VegasGoblinKing Now on Twitter
Casino kingpin and GOP megadonor Sheldon Adelson is now on Twitter….well sort of.
It turns out a Twitter account was recently opened in his name with the descriptor of “VegasGoblinKing”, enough to realize this is no friendly Twitter account.
Disney, DraftKings Deal Possible But Not Likely
Rumors have been circulating that ESPN and its parent company Disney may be looking to back one of the largest daily fantasy sports sites Draftkings. The odds of this happening: Not likely.
Optimal Payment Solutions to Acquire Skrill for £800m
AIM-listed Optimal Payment Solutions has announced it is set to acquire Skrill (formerly Moneybookers) for a cool £800m, which translates into $1 billion US and some change.
Skrill is the leading alternative payment solutions company in the online gambling space. Both companies produced earnings of $90m last year. Optimal was slated to have an enterprise value of well over £1bn. They are also seeking a move to the LSE's FTSE-250 Midcap Index.
Las Vegas Sands Gets Downgraded as Macau Fears Grow
Credit Agricole on Wednesday morning downgraded Las Vegas Sands Corp. from a buy rating to an outperform rating. Many analysts having growing fears over casino companies with exposure in the Chinese gambling hub of Macau following a recent crackdown by that country’s government.
The firm has also downgraded shares of Wynn Resorts, Limited, another company with operations in Macau, from a buy rating to an outperform rating.
In the midst of the crackdown, gaming revenue is forecast to decline.
WBX Betting Exchange Shuttered: Regulatory Climate Spelled Doom
Online betting exchange WBX has unceremoniously closed its doors for good though the company insists players are able to withdrawal their funds in full and that any future wagers will be decided “in the normal way”.
Dire Warning Issued By Connecticut Tribes: 18000 Casino Jobs Could Be Lost
HARTFORD — (Associated Press) - The leaders of Connecticut's two federally recognized Indian tribes made a united pitch Tuesday to open at least one, jointly-owned casino, warning lawmakers the state could lose 18,000 jobs once a casino in neighboring Springfield, Massachusetts opens in 2½ years.
That figure includes both jobs at Mohegan Sun and Foxwoods Resort Casino, as well as hundreds of vendors and other affected businesses across the state.
Satisfy Your March Madness Fantasy Fix With a Twist of TradeSports
While most daily fantasy sports websites are shunning March Madness the way Major League Baseball shuns Pete Rose, one fantasy site sees the NCAA's annual, 68-team, basketball free-for-all as too good an opportunity to ignore.
Tradesports (www.tradesports.com) will be offering contests for the tournament, but with a twist.
You don't put your money on players, you put it on props (short for propositions).
