Business & Financial
Bwin.Party Given Waiver to Operate in Atlantic City
European online gambling firm Bwin.Party has been given the green light to begin offering Web poker and casino games for real money to New Jersey residents and visitors by month’s end via a partnership with the Borgata Hotel and Casino.
The state’s Division of Gaming Enforcement awarded the firm a waiver to begin operating.
As noted by the Wall Street Journal:
Heritage Sports Joins the Equity Poker Network
San Jose, Costa Rica, – The EquityPokerNetwork.com (“EPN”) announced today that the new Cooperative poker network has inked an agreement with the premier online Sportsbook and gaming destination, Heritage Sports. The deal has seen HeritageSports.eu expand its gaming portfolio to offer poker to their community of sports bettors and casino players in soft launch mode since September 27th, and will join the EPN as of November 8th, 2013.
Bitcoin Currency Hits All Time High of $309: Silk Road Resurfaces
The anonymous digital currency known as Bitcoin hit an all time high of $309 Thursday (November 7, 2013).
Equity Poker Network Signs PokerHiro.com
San Jose, Costa Rica - The EquityPokerNetwork.com (“EPN”) announced today that it has signed the online card room, PokerHiro.com (“PokerHiro”) to the innovative Cooperative poker network. The launch of PokerHiro at EPN brings the first Asian-facing Operator into the mix, giving the ‘non-profit’ Network access to the growing and relatively untapped Asian online poker market.
Win Cake Launches Fast Fold Poker: Announces 100 Percent Reload Bonus
November 7th, 2013 – Popular online gaming site Win Cake (WinCake.com) has joined the speed poker revolution with the launch of Fast Fold Poker. It is Win Cake’s quickest way to play poker ring game tables, eliminating wait times and giving players what they crave – more hands and more action. To celebrate, Win Cake is offering a special reload bonus of up to $1,000.
Ultimate Poker Hosts Hall of Fame Poker Game Featuring UFC Fighters
LAS VEGAS - In honor of the Ultimate Fighting Championship®’s (UFC®) 20th anniversary, Ultimate Poker will host a Hall of Fame Poker Game featuring world-renowned UFC® fighters and personalities Chuck Liddell, Forrest Griffin, Matt Hughes, Royce Gracie and Bruce Buffer at Red Rock Casino Resort and Spa at the Race and Sports Book from 7:30 to 9:30 p.m. on Friday, Nov. 15.
GearPoker.com Joins the Equity Poker Network
San Jose, Costa Rica - The EquityPokerNetwork.com (“EPN”) is enjoying a sizable surge in liquidity, following today’s announcement that yet another online poker room, GearPoker.com (“GearPoker”), has joined the new Cooperative Network.
Per Head Businesses Still Going Strong Heading Into Basketball Season
The Football season may be nearly halfway over (hard to believe) but that hasn’t stopped the demand for per head businesses, especially with the new basketball season kicking into full gear.
Per head operations, based outside the US, have become the norm for managing local bookmaking operations across the globe.
New York State Casino Expansion Approved by Voters
Election Day 2013 results included a win by New York gambling proponents on Tuesday after state residents voted in favor of an initiative for casino expansion.
The decision permits as many as seven Las Vegas-style casinos, with four in the first seven years, all of them upstate in an effort to draw New York City residents and tourists to the region.
Venture Capitalists Infuse More Money Into Betable
London-based online gambling website Betable has just received another $18.5 million in a round of funding led by Venture51, according to Christopher Griffin, CEO of Betable. So far, the Web gambling firm has raised an impressive $23 million in venture capital.
From The Wall Street Journal:
No Way Around Las Vegas Style Casino Gambling Coming to South Florida
Editorial cartoonist Chan Lowe of the Sun Sentinel has proclaimed the obvious: big name brand casino gambling is coming to sunny South Florida, and we’re not just talking Tribal casinos.
State politicians are hunkering down and working on bills to help bring Las Vegas style casinos to the Sunshine State.
Oddsmakers Way Off on Twitter IPO
PaddyPower.com, the Irish bookmaker, had been offering odds of Twitter’s IPO coming in between a value of $15 billion and $20 billion. That was the favorite one month ago and it appears they may have been a little bit off.
Just 30 days ago, initial public offering experts were floating a market capitalisation for Twitter of around $10 billion
Bookies Celebrate New Orleans Saints Loss to Jets
With the New Orleans Saints outright loss to the New York Jets, bookies made out like bandits Sunday. The Saints were seeing the most wagering action of any other team in the NFL Week 9.
More than 85 percent of those betting the Saints-Jets games were backing New Orleans.
The Dallas Cowboys were another public favorite on Sunday and, while they did manage to win outright, the Cowboys failed to cover the -10 point spread.
Equity Poker Network Gears Up For Real-Money Gaming Launch
San Jose, Costa Rica - Following a successful beta-test phase of flagship online poker room, FullFlushPoker.com, the Equity Poker Network (“EPN”) has confirmed a November 8th launch of their real-money gaming options. EPN’s shift from free-play to full real-money gaming finally gives Operators a viable, profitable alternative, and provides players across the Network with a safe, secure and entertaining poker experience with prize money on the table.
Nevada Casino Winnings Up 7.4 Percent in September
CARSON CITY (AP) — Nevada casinos won $958.8 million from gamblers in September, representing a 7.4 percent increase over the same month last year due largely to big betting on baccarat and luck that favored the house, state regulators said Thursday.
MGM Resorts 3rd Quarter Loss Narrows
LOS ANGELES - (Reuters) - MGM Resorts International posted a narrower third-quarter loss on Thursday and was optimistic about a planned new casino in Massachusetts, although lower-than-expected margins at its Chinese and Las Vegas operations disappointed some analysts.
MGM's net loss slimmed to $31.9 million, or 7 cents a share, from $181.2 million, or 37 cents, a year earlier. Excluding items, analysts, on average, looked for a loss of 3 cents a share, according to Thomson Reuters I/B/E/S.
Revenues rose 9.2 percent to $2.46 billion.
Borgata Sees 7 Percent Increase in 3rd Quarter Revenues
ATLANTIC CITY — (Associated Press) - Revenue at Atlantic City’s top casino increased by nearly 7 percent in the third quarter of this year.
The Borgata reported net revenue of more than $200 million, an increase of 6.9 percent.
Its earnings were up nearly 40 percent to $46.6 million due to better luck at table games.
The casino also increased its share of the Atlantic City casino market by three percentage points, to 21.4 percent.
Divorcing PartyGaming Founders Sell Stake in Gambling Firm Ahead of NJ Bid
Two of online gambling’s richest people are divorcing and will also be giving up their respective shares in bwin.party, the world’s largest digital gambling firm.
Caesars Entertainment Post Worse-Than-Expected 3rd Quarter Losses
LAS VEGAS (Associated Press) — Caesars Entertainment Corp. said Tuesday that its third-quarter loss expanded by more than 50 percent due to weakness in the U.S. gambling market and stiffer competition.
Casino revenue fell 7 percent because of fewer visitors to its properties in Atlantic City and other U.S. markets outside of Nevada. Caesars also lost revenue from selling part of its stake in a casino in Uruguay.
The company lost $761.4 million, or $6.03 per share, for the quarter that ended Sept. 30. A year earlier its loss was $505.5 million, or $4.03 per share.
FullFlushPoker.com Confirms November 8 Launch of Real Money Poker, Gaming
San Jose, Costa Rica – FullFlushPoker.com (“FFP”) is primed and ready to go live with full real-money gaming options on Friday, November 8th, when the new online poker room’s Cashier will be available for player deposits, and the FFP tables will finally open for much-anticipated ring games, buy-in tournaments, and sit n gos. (learn more about FlushFlushPoker.com here)
Price Per Head Betting - Wins by Favorites Have Sportsbooks Frowning
It is no secret that most Price Per Head bettors are also favorite bettors. That's the way the public is. They bet favorites.
And as most people at WagerHome.com can tell you, the constant challenge is to be able to put up numbers that allow for enough underdog play to get a decent balance on the books.
Lock Poker Customers Exposed to Automatic Download of Different Client
Following the termination by "Lock" of its contract with the Revolution Network earlier today it has come to Lock’s attention that players who attempt to log onto the Lock software are being redirected by the network to a page that contains false and misleading information and, rather than being presented with the new Lock 2.0 software, customers are subjected to an automatic download of competing poker software.
Breaking News: Lock Poker Launches New Poker Platform, New Beginning
Lock is very excited to announce the launch of their own poker software platform. The new software features include HU Rematch, re-entry tournaments, timed tournaments, weighted contributed rake and a native Mac client.
Lock will continue to offer 36% rakeback through their rakeback partners as well as the current VIP program. All points, tournaments tickets and bonuses will be migrated to the customer’s new Lock account seamlessly. You can visit lockpoker.eu to download the new software.
Neuberger Berman Investor Denied Details of Probe re 888 Holdings
A three-judge panel found that Benjamin Gamoran, a Neuberger Berman investor, is not entitled to see the full details of a probe the asset manager's board of directors performed into the late 2005 acquisitions of 888 Holdings PLC and Neteller PLC, according to Law360.com.
Mickey Mouse, Disney Caught Up in Florida Casino Scandal
Mickey Mouse and the rest of the Disney gang were red-faced this weekend after the New York Times outed the family theme park company for its apparent role in Florida gambling.
The Times reported that a portion of the profits derived from licensing Spider-Man and Iron Man slot games went right back in the pockets of Disney World in Orlando, Florida. The Walt Disney Company acquired the Marvel brand comics and associated branded characters for $4 billion in 2009.
And here is where the situation gets especially convoluted.
Steve Wynn Intensifies Disenchantment Over Massachusetts Gambling Policy
BOSTON (Associated Press) — Steve Wynn, the Las Vegas casino operator hoping to build a $1.2 billion gambling resort near the banks of the Mystic River in Everett, is criticizing the tough state regulations facing firms like his bidding for the right to build gambling facilities in Massachusetts.
He said any other business offering to create hundreds of jobs and spend billions of dollars would get a much warmer reception from state officials.
Casino Billionaire, GOP Donor Sheldon Adelson Wants Nuke Attack on Iran
Aging Las Vegas casino billionaire and one of the biggest donors to the Republican party, Sheldon Adelson, wants to bomb Iran….with a nuclear weapon no less.
This comes at a time when Iran and the US have entered into one-on-one diplomatic talks for the first time in more than 30 years.
But don’t tell that to Adelson.
Payday Loans Scrutinized in US, UK: Fuel Footballers Gambling Addictions
Federal regulators need to stop banks and payment processors from helping internet and tribal payday lenders collect illegal payments, consumer and civil rights groups urged today. That was the plea issued by the nonprofits National Consumer Law Center, The Center for Responsible Lending and The Consumer Federation of America.
Wynn Not Happy With Massachusetts Casino Licensing Process Either
Steven Wynn, the billionaire founder of Wynn Resorts, expressed disappointment with Caesars Entertainment Corporation’s decision to pull out of a Boston, Massachusetts casino project.
Caesars cited an excruciating licensing process that included mulling over a now-settled dispute with a high-roller over millions in gambling debts and questions regarding the company’s current head of its interactive division who once worked for one of the world’s largest online poker firms.
Wynn himself is pursuing a casino in nearby Everett, Massachusetts.
Robert Gustafsson Gang Charged with Theft in Philippines: G911 World Exclusive
Gambling911.com has exclusively obtained the first of what is expected to be many Theft charges to be filed against former Bodog executive Robert Gustafsson, Sylvia Bernadette Gonzales de Guzman and Sherwin Quiambao by the Philippines Department of Justice Office of the City rosecutors in Makati City. YOU CAN VIEW THE COMPLAINT-AFFIDAVIT HERE OBTAINED EXCLUSIVELY BY GAMBLING911.COM
