Business & Financial
Breaking News: Resorts and PokerStars to Offer Online Gambling in New Jersey
ATLANTIC CITY - Resorts Casino Hotel and The Rational Group, operator of PokerStars, the world’s largest online poker site, have reached an agreement to provide online gaming in New Jersey, the companies announced today.
The agreement links the first casino to open in Atlantic City with one of the biggest online gaming companies in the world.
Trump Daughter Talks Online Gambling With Bloomberg: Initiative is Complicated
This week it was announced that Ultimate Gaming would begin offering real money online gambling to New Jersey residents through a partnership with the Trump Taj Mahal. The Taj Mahal retains online gambling rights to the Trump name but the Donald himself may want to jump directly into the US-legalized Web gambling fray.
Hard Rock Hotel and Casino Vancouver to Open Later This Year
(Las Vegas) - Hard Rock Hotel & Casino Las Vegas is pleased to welcome Hard Rock Casino Vancouver to the Hard Rock Hotel and Hard Rock Casino (HRHH) family and looks forward to the unveiling later this year.
Reputable for its unrivaled offerings influenced by the love of music, the announcement of the Canadian property follows shortly after the Hard Rock Hotel and Casino was selected to be the brand new casino offered in Sioux City, set to open summer 2014.
Carbon Poker Looking Closely at Bitcoin
A rep for Carbon Poker, the flagship Internet poker room on the Merge Gaming Network, has confirmed that the company is looking very closely at offering the anonymous digital currency Bitcoin as a payment option.
Bitcoin IPO Planned as Winklevoss Twins Plan to Sell at $20 Million Shares
(Reuters) - The Winklevoss twins, who famously alleged that Facebook Inc founder Mark Zuckerberg stole their website idea, have revealed plans for an IPO that will give investors exposure to the value of digital currency Bitcoins.
Winklevoss Bitcoin Trust, which is designed to operate like an exchange-traded fund, will initially sell $20 million worth of shares, with each share worth a fraction of a Bitcoin, a filing with the Securities and Exchange Commission showed on Monday.
Mark Pincus Steps Down as CEO of Zynga
NEW YORK (Associated Press) -- He's not heading out to pasture, but the CEO of "FarmVille" maker Zynga Inc. is stepping aside as the troubled online game company looks to revive itself and lift its stalled stock price.
Mark Pincus will be replaced on Monday, July 8, by Don Mattrick, who was most recently head of Microsoft's Xbox division. Zynga said Monday that Pincus, who founded Zynga Inc. and named it after his American bulldog in 2007, will stay on as chairman and chief product officer.
All Atlantic City Casinos Applied for Online Gambling Licenses by Deadline
The Newark Star Ledger on Monday reported that all Atlantic City-based casinos have made the deadline to apply for an online gambling license. That deadline came and went on Monday.
PayNoRake Begins Making Payouts After Ten Month Wait
Following a settlement agreement first reported on Gambling911.com last week, Chico Poker Network’s PayNoRake began making payouts to players who have been waiting in excess of ten months.
Sheldon Adelson Puts Pressure on Spain to Restrict Online Gambling
Sheldon Adelson has demanded that online gambling be restricted in Spain as part of a deal to build Europe’s largest casino in Madrid.
From Casino Choice:
Macau Gambling Revenues Up Despite China Woes
(Reuters) - Gambling revenue in Macau rose 21.1 percent in June year-on-year, buoyed by a steady flow of wealthy mainland gamblers eager to place their bets in the Chinese controlled casino hub.
June revenue stood at 28.3 billion patacas ($3.54 billion), according to government data released on Monday. Analysts had forecast June growth in the world's biggest gambling market, to be up 18-21 percent.
GOP Bigwigs Adelson, Trump Won’t See Eye to Eye on Internet Gambling
With news breaking Monday morning that Atlantic City’s Trump Taj Mahal will soon unveil its own real money online gambling site, casino mogul Sheldon Adelson can’t be too happy.
Ultimate Poker to Enter NJ Online Gambling Market Through Trump Taj Mahal Deal
(Las Vegas) - Ultimate Gaming, America’s first regulated online gaming operator, announced today that it has signed an online gaming operations agreement with Trump Taj Mahal Associates LLC. Under the terms of the agreement, Ultimate Gaming will supply a wide range of real money online casino games and poker, using its proprietary technology platform and the Ultimate Brands.
I Want to be a Bookie in the Houston Area
Houston, and Dallas in particular, have many bookies serving the local sports betting public. Like with all cities and towns in the US, Pay Per Head software plays an integral role in the success of a bookmaking business. The big focus is on Texas College Football betting. Gambling911.com will feature odds on each of these teams and the two NFL franchises based in Texas thoughout the College Football season.
Borgata Still Dominates in Atlantic City Despite Financial Woes
ATLANTIC CITY, New Jersey — (Reuters) - Ten years after it brought a hefty dose of Las Vegas glitz, glamour and luxury to Atlantic City, the Borgata Hotel Casino & Spa still dominates the market: One of every five dollars gamblers lose in Atlantic City goes into the Borgata's coffers.
Its challenge over the next 10 years is to maintain that leadership position in the 12-casino market as ever-increasing competition in nearby states and the approach of Internet gambling have the potential to reshuffle things.
Lock Poker Payout Updates, Venetian Boycott Gaining Ground
These are the top gambling news stories here at Gambling911.com Friday June 28, 2013 (Afternoon EDT). Be sure to LIKE US on Facebook and have G911 as part of your news feed. Comments always welcome.
*Large Number of Lock Poker Payouts Received Friday – Gambling911.com can report that a large number of cash transfer payouts were received by customers of Lock Poker on Friday.
Bulls Pile on Zynga: Calls Outpace Put by Margin of 6-1
Zynga is looking good, despite a few bumps in the road, this according to Schaeffer’s Blog.
Breaking News: Chico Poker to Resume Payouts, Investors Settle Dispute
Chico Poker players affected by a long 10 month dispute between investors and ultimate freezing of funds will be happy to know that Gambling911.com has learned payouts will resume July 1 (2013).
Time.com Talks Online Gambling in NJ, Casino Buries $200 Grand in the Sand
These are the top gambling news stories here at Gambling911.com Friday June 28, 2013 (Afternoon EDT). Follow us on Twitter here.
*Time Magazine on Internet Gambling in the Garden State - Time Magazine (Time.com) has a feature Friday morning on the start of Atlantic City’s new online gambling industry.
Stop Internet Gambling: Site Claims a Click of the Mouse, You Lose Your House (Video)
Casino mogul Sheldon Adelson has just launched a website that opposes legalization of online gambling in the US. StopInternetGambling.com, a crude site that contends online gambling will ruin society, went live Thursday.
From the StopInternetGambling.com website:
Adelson Fallout: WSOP Champ Says ‘I Won’t Play at the Venetian This Summer at All’
2005 World Series of Poker Main Event winner Joe Hachem tweeted Thursday that he plans to boycott Sheldon Adelson’s Venetian property. Adelson has come under fire for his public opposition to legalized online poker in the US, calling it “toxic” and a “cancer”.
GigaMedia Enters Social Gaming Market
(Taiwan).- Online gambling corporate GigaMedia has announced that it is to enter the social casino games market following a closed beta test on a suite of new game titles in over 200 Internet cafes across Taiwan. The company has unveiled a new portfolio of proprietary social casino games that include slot, poker and dice offerings and could begin commercial operation in as little as four weeks.
888 Forces Sharkscope to Stop Tournament Tracking, £49m in Losses at Betfair
These are the top gambling news stories here at Gambling911.com Thursday June 27, 2013 (Evening EDT). Follow us on Twitter here.
Sands of Las Vegas: Analysts See Shares Reaching $62 Million
Analysts at Imperial Capital see the recent sell-off of Las Vegas Sands Corp creating a buying opportunity for investors.
They rate the stock as “Outperform” and forecast the share price reaching as high as $62. It currently sat at $51.38.
Legends Sports Associate Enters Plea, Online Poker Payment Solution Enters US
These are the top gambling news stories here at Gambling911.com Monday June 26, 2013 (AM EDT). Follow us on Twitter here.
Las Vegas Sands Recommended by Analyst: Discouraged by Poker Players
Good news for investors who have their money in the Las Vegas Sands (LVS) as investment banking firm Craig-Hallum recommended a long position in shares of the company. This comes at a time when a growing number of poker players have called for a boycott of the Sheldon Adelson owned property.
Tunica Casino to Keep Paula Deen Buffet
Casinos have not been immune to the Paula Deen controversy.
A handful of casinos have been mulling over dropping the popular Paula Deen Buffet.
Officials at the Tunica, Mississippi Harrah’s have decided to keep the Buffet despite the controversy surrounding Deen’s controversial racial slurs from several years ago.
Deen addressed her comments Friday in separate video statements.
Adelson Properties Boycott Planned by Poker Players, 22 Arrested in Gambling Probe
These are the top gambling news stories here at Gambling911.com Monday June 25, 2013 (Afternoon EDT). Follow us on Facebook Here
Oldman Leaves Bodog: Hints at Setting Up B2B Software Provider in US
The following is commentary from Bodog President Jodas Oldman, who announces he is leaving that company.
Poker is an American game, and it is heartening to see a regulated online poker market emerging in some states.
Macau Casinos Exposed to China’s Credit Woes
China’s credit crunch resulted in a number of Macau casino stocks getting hammered on Monday.ntee, rendering most non-nut draws essentially useless.
Atlantic Club Counters PokerStars Appeal in Ugly Failed Acquisition Case
ATLANTIC CITY, N.J. (Associated Press) — The PokerStars website entered into a contract to buy an Atlantic City casino with "their eyes wide open," and now has to live with the consequences of the failed deal, the casino said in court papers.
