Business & Financial
Blown Call Caused $1 Billion to Change Hands in Sports Betting
LAS VEGAS (CBS /Associated Press) — A top oddsmaker believes last night’s controversial blown call was worth a billion dollars in sports betting.
Lock Poker Expanded Customer Service Dept Beginning to Pay Off
Lock Poker’s move to its very own online poker network experienced a few bumps in the road over the summer, mainly a result of the site’s massive existing player base and a new infrastructure that couldn’t quite accommodate them immediately.
Sportsbook Refunds All Green Bay Packers Bets (Video)
Following last nights final second controversial call that witnessed Seattle win against Green Bay, though video clearly showed the Packers had an interception, popular online bookmaker Sportsbook.com (.ag) has decided to refund all Packers bets.
Most New Jersey Residents Don’t Want Gambling in State Beyond Atlantic City
(Associated Press) - Most New Jerseyans oppose expanding casino gambling beyond Atlantic City, and also oppose granting state tax breaks to casino companies, according to a poll released Monday.
The Fairleigh Dickinson University PublicMind Poll shows 56 percent of voters surveyed are opposed to casinos anywhere else but in Atlantic City. Thirty-five percent say casinos should be added elsewhere in the state.
10 States in Negotiations With Nevada to Form Online Poker Partnership
Gambling911.com has an exclusive upcoming interview with someone very close to the situation on the ground in Nevada as it pertains to “real money” online poker regulation. The individual in question is a CEO for one of the biggest gaming developers in the world, 3G Studios.
Late last year, Nevada approved “real money” online poker play within the state and has begun accepting applications from a few dozen potential licensees.
Camasino.com Webcam Poker: Play Live or With an Avatar, Free or Real Cash
Camasino.com offers its proprietary webcam online poker to those living in the US (free-to-play) and much of the rest of the world (real money or free-to-play). Camasino.com now operates one of Canada’s largest land-based poker rooms, the Camasino Poker Club (formerly Snake’s Club), just outside of Montreal.
DOJ Confirms it has Possession of Absolute Poker Software Platform
PokerFuse.com is reporting that the US Department of Justice confirmed receipt of a copy of shuttered Absolute Poker’s software platform last week from Korean developer Quad Dimensions.
PokerStars Details Plans for Full Tilt Poker Re-Launch and Payments to Players
ONCHAN, ISLE OF MAN – PokerStars revealed details of its plan to repay $184 million to former customers of Full Tilt Poker outside of the United States of America and announced that FullTiltPoker.com will re-launch during the first week of November.
Efforts to Improve Atlantic City Starting to Pay Off
ATLANTIC CITY, N.J. – (Associated Press) - New Jersey officials say a wide-ranging effort to improve Atlantic City is starting to pay off, from new private investment in non-casino attractions to a $20 million advertising campaign that's beginning to change negative perceptions about the seaside gambling resort.
Military Aircraft Delivers ‘Thirty Tons’ of Computer Equipment From Full Tilt Poker
A military aircraft landed on the Isle of Man late last week packed with “thirty tons” of computer equipment from Full Tilt Poker en route to the offices of PokerStars, which operates from that island nation.
PokerStars acquired Full Tilt Poker this summer and is set to pay back non-US players owed monies from the company for over a year.
From PokerFuse.com:
New Online Poker Room Poker Rebel to Welcome US Citizens Beginning November 1
A new online poker room is set to launch November 1 that will target primarily North American and South American customers, including those in the US.
The site’s name is PokerRebel.com and has roots in Brazil, one of the world’s fastest growing economies. The room will be offered in both English and Portuguese. Its slogan is “Join The REBELution”.
The site has been in development since March of this year.
Further details were upcoming.
Cake Poker Migrating US Players to Juicy Stakes Poker
Cake Poker is set to announce that US “real money” players will be migrated Juicy Stakes Poker, effective September 27, 2012 with a press release due out on this day. Juicy Stakes is a long standing trusted partner within the Revolution Gaming Network. This news was first reported by CardsChat.com and has since been confirmed by Cake itself. Details will be announced in the coming days.
Numis Upgrades William Hill
Numis Securities Limited has upgraded William Hill from reduce to hold Friday with the target up from 250p to 310p.
William Hill, Great Britain’s largest bookmaking operation, announced its intention earlier in the week to purchase rival Sportingbet as part of a joint venture with another firm. The proposed acquisition would be arranged through an entity of William Hill and not William Hill Online, which is a joint venture with Playtech Ltd.
More recently, Hill entered into acquisitions with Nevada-based sports betting businesses such as American Wagering Inc.
Gambling911.com Exposes ‘The Myth of the Bookmaker’
One of the great myths of bookmaking is that a bookmaker needs to balance the betting action on a game in order to make a profit.
It's a lot tidier, of course, when that happens, but it's not necessary.
In fact, not only can the wagering action be uneven and the bookie still profit, it can be downright lopsided and he'll still make money.
Three More Companies Approved for Online Poker in Nevada
LAS VEGAS – (Associated Press) - Nevada gambling regulators have approved licenses for three companies to run Internet poker sites in the state.
The Nevada Gaming Commission on Thursday approved American Casino & Entertainment Properties LLC for an interactive gambling operator's license.
The company owns the Stratosphere hotel-casino and tower on the Las Vegas Strip.
Adelson Unveils Plan for New Eiffel Tower Replica Macau Casino
(AFP) - Las Vegas casino boss Sheldon Adelson on Thursday unveiled plans to build a scaled down replica of the Eiffel Tower as part of a new $3 billion gambling resort in Macau.
The Las Vegas Sands Corp. chief spoke publicly for the first time about the new development as he opened a Sheraton hotel in the second phase of his latest $4.4 billion resort, the Sands Cotai Central, itself only five months old.
Microgaming Primary Beneficiary of Entraction Exodus
Two online poker rooms have announced they will be moving from the IGT/Entraction poker network to Microgaming.
BetVictor and iGaming both announced the move following Entraction’s announcement that they will no longer be servicing the European market due to a regulatory stranglehold occurring in many of the Eurozone nations.
Zynga Shares Climb Nearly 4 Percent: Another Executive Leaving
Zynga Inc (NASDAQ:ZNGA) shares increased 3.35 percent to $3.18 after acquiring San Mateo, California-based game maker A Bit Lucky Inc.
The news is bittersweet as yet another executive has confirmed they are leaving the company.
Nils Puhlmann, Zynga’s chief security officer, will be stepping down after a three year stint with the company.
Zynga’s share price has lost approximately 70 percent of its value in recent months.
- Aaron Goldstein, Gambling911.com
How to Fund Your Online Gambling Account
While some countries strictly forbid online gambling of any kind while others have placed tight restrictions, the vast majority allow such activity, which has helped turn Web gambling into a multi-billion dollar industry. Virtual betting accounts allow one to play online poker for free or open sports wagering accounts for the sole purpose of recruiting other real money players from around the would whereby you, as the account holder, receive a cut of your player's revenue and/or deposits. Below you will find a number of commonly used methods for depositing and withdrawing funds from your
Overhyped Stadium Poker Tour Scaled Back After Failing to Meet Expectations
The International Stadiums Poker Tour (ISPT) has been scaled back and might not even happen at all, according to organizers.
From PokerFuse.com:
Nevada Gaming Control Board Chairman Mark Lipparelli Leaving His Post
Nevada Gaming Control Board Chairman Mark Lipparelli has confirmed he is resigning as chairman of the state's three-member regulatory panel at the end of this month. He has served on the Board for four years.
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William Hill in Joint Bid for Sportingbet
(Reuters) - William Hill is considering making a joint bid for Sportingbet, with Britain's biggest bookmaker keen to get its hands on the online gaming firm's lucrative Australian operations.
William Hill and Sportingbet's smaller online rival GVC Holdings said on Wednesday in response to a recent rise in Sportingbet's share price that they were considering making a joint offer for the company.
More Spent on Maryland Gambling Campaign Than Was Spent on 2012 Governor’s Race
In total, casino operators and those opposed to development of a casino in Prince George’s County, Maryland, have spent a total of $19.4 million on the gambling expansion campaign.
Maryland residents are set to vote on this gambling expansion in November.
US-Facing Online Poker Rooms do Traffic Switcheroo
Three of the leading US-facing online poker rooms/networks are just on the cusp of breaking into the top 10 this week with Revolution Gaming (Lock Poker, Cake Poker) already at the number 10 spot according to traffic monitoring website, PokerScout.com.
Amaya Gaming Reportedly Looking to Acquire Ongame from Bwin.Party
eGaming Review Magazine was reporting that Canadian online gambling software provider Amaya Gaming was about to announce the acquisition of Bwin.party’s poker network Ongame.
Specific details of the arrangement have yet to be announced.
Bwin.party, the world’s largest real money online gambling firm, has been looking to unload Ongame for some time.
Maine Oxford Casino Expansion Under Consideration
AUGUSTA, Maine (Associated Press) — Final approval of an expanded gambling area at Maine’s newest casino is being considered by the state Gambling Control Board.
At its regular meeting Tuesday, the board will consider approving an expansion to the Oxford Casino, which opened in June in the western Maine town of Oxford.
The casino now has 529 slot machines and 12 table games including blackjack, craps and roulette.
It’s hoping to add 10 more table games and hundreds more slot machines in October.
Feds Dispute Cardroom International’s Rights to Full Tilt Poker Software
The US Government has filed a response to Cardroom International’s assertion that it has rights to control Full Tilt Poker’s software. Full Tilt Poker, which was acquired by PokerStars this summer, is set to come back online the first week in October.
Cardroom had previously filed a Civil Racketeering Influenced and Corruption Organization Act (RICO) suit alleging wrongdoing by Full Tilt Poker and PokerStars last month.
Snow Job: ‘New’ Owners of Defunct Online Poker Room Purple Lounge Speak Out for First Time
The “new” management of Media Corporation, parent company of the now defunct online poker site Purple Lounge, have spoken out for the first time about the long established Web card room’s closure.
In an interview with InfoPowa, Management admitted that the handling of Purple Lounge’s closure has not been particular smooth.
Pamela Anderson Wants to Challenge for Top Tier Spot in Online Poker Market with BamPoker
Actress and activist Pamela Anderson is the face behind BamPoker, a social gaming company looking to secure the number two spot in the online poker market by next year.
“We are looking to build a community,” noted Elton Pereira, Co-founder and CEO of BamPoker.
Zynga, the world’s number one free-to-play online poker social gaming site may be talking “real money” gambling now, Bam is happy with the “free play” model for the time being.
Bookies Make a Killing on Week 3 of College Football
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