Business & Financial

PayNoRake.com Review is In and the Feedback Has Been Super Positive

The new management of the Chico Poker Network are thrilled to announce that, after their acquisition of the network almost a year ago, the feedback that they are receiving from affiliates and players alike is very positive, particularly with regards to their unique rakeback brand, PayNoRake.com, which is fast becoming the online poker room of choice for poker players and affiliates alike!

Submitted by Press Release on, Thu, 01/23/2014 - 14:02

Cubeia Online Poker Network Latest to Incorporate Bitcoin

The latest online gambling company to begin accepting bitcoin transactions is Swedish-based Cubeia, an Internet poker network. They follow in the footsteps of Americas Cardroom, which announced two weeks ago they too have begun offering the anonymous digital currency as a payment alternative.

Submitted by Aaron Goldstein on, Thu, 01/23/2014 - 11:49

New Jersey Online Gambling: Steve Wynn Wants in and Getting Waiver

John Brennan of the Bergen Record is reporting that casino mogul Steve Wynn is about to get a waiver to enter the New Jersey online gambling marketplace. He was not among the original applicants.

Brennan writes:

Submitted by Nagesh Rath on, Wed, 01/22/2014 - 21:33

Full Tilt Poker Claims Administrator Approves $82 Million in Funds to 30k Players

The claims administrator overseeing payment of Full Tilt Poker funds has approved release of $82m in funds to approx 30k players, the Poker Players Alliance reported late Wednesday.

The US Department of Justice placed the Garden City Group in charge of paying out those customers owed millions of dollars by Full Tilt Poker following a 2011 indictment. FTP exited the US market and failed to pay American players. They were eventually shut down several months later.

Submitted by C Costigan on, Wed, 01/22/2014 - 18:52

Daily Beast: Cantor Gaming CEO Lee Amaitis 'Bromance' With Billy Walters Lead to Probe

Following news last week that CG Technology, formerly Cantor Gaming, having settled with the Nevada Gaming Control Board for $5.5 million following an 18-page complaint lodged against that company, the Daily Beast speculated as to why CEO Lee Amaitis remains at the helm.

Submitted by Alejandro Botticelli on, Wed, 01/22/2014 - 12:47

PokerStars, Bodog May Be Given Green Light by Feds to Accept US Customers

In a shocking new development, the website CalvinAyre.com is reporting that the US Department of Justice will begin to take on a new approach in dealing with those online gambling operators who once took bets from US citizens. The feds are reportedly now accepting corporate pleas and fines to resolve all outstanding charges.

Submitted by Jagajeet Chiba on, Tue, 01/21/2014 - 21:46

Bitcoin Now Accepted at Two Vegas Casinos: The D Las Vegas and Golden Gate

The D Las Vegas and Golden Gate Hotel & Casino become the first properties in Sin City to begin accepting the alternative digital currency bitcoin.

Both establishments will start offering bitcoin transactions on Wednesday (January 22, 2014) for reservations, dining and gift purchases. Bitcoin will not immediately be offered in the casino itself for gambling purposes at either hotel.

The Golden Gate was recently upgraded. It is the oldest hotel in Las Vegas, having opened in 1906. The D Las Vegas is a much newer property.

Submitted by Aaron Goldstein on, Tue, 01/21/2014 - 14:38

Lesniak Introduces Bill That Will Permit New Jersey to Offer Interstate Online Gambling

New Jersey State Senator Raymond Lesniak (D-Union) has introduced a new bill that would further expand online gambling beyond the state’s borders.

Those establishments hosting their websites out of Atlantic City would be permitted to take bets from other states and countries permitting Web gambling. It is unclear how tax issues would be worked out should such compacts evolve.

Submitted by Aaron Goldstein on, Tue, 01/21/2014 - 11:53

Nordic Venture Capitalist Creates Biggest Bitcoin Exchange Database

A Nordic venture capitalists Creandum says it has build the world’s largest database of businesses dealing in the anonymous digital currency bitcoin.

From the Business Recorder:

Submitted by Aaron Goldstein on, Mon, 01/20/2014 - 23:06

Virgin Launches New Jersey Online Gambling Site This Week

Richard Branson wants a piece of the online gambling market in New Jersey as his Virgin Group is set to launch a real money site there this week.

VirginCasino.com is due to launch on Friday. It was one of 15 approved last fall to operate in the Garden State. Governor Chris Christie signed a bill into law allowing real money online gambling sites offering poker, roulette and blackjack.

The Virgin Group has teamed up with the Tropicana and online game maker Gamesys.

Submitted by Aaron Goldstein on, Mon, 01/20/2014 - 22:31

How to Deposit Money With Online Gambling Sites From Canada (2014)

With Skrill gone (effective January 31, 2014), sports bettors from the upper portion of North America are wondering how they can still deposit money with online gambling sites from Canada. Yes folks there are alternatives and who better to guide the way than your good friends here at Alberta-based Gambling911.com.

Submitted by C Costigan on, Mon, 01/20/2014 - 18:02

New Jersey WSOP.com Online Championships Start Sunday, Run Until Feb 2

WSOP.com is offering the New Jersey online championships, which features a special $250,000 Invitational Freeroll to kick it off. There are actually two $250,000 freerolls that will be held during the Online Championships, one on January 19 for new depositors and one on February 2 (Super Bowl Sunday) for anyone who played in at least one event.

Submitted by Press Release on, Sun, 01/19/2014 - 11:17

Borgata Cancels Winter Poker Open Event Due to Fake Chips

New Jersey state gaming regulators found that one or more entrants participating in a $2 Million Guaranteed Borgata Winter Poker Open event used a significant number of counterfeit chips.

The Borgata Winter Poker Open is among the most highly anticipated tournaments on US soil.

No charges have been filed in the case.

Submitted by Patrick Flanigan on, Sat, 01/18/2014 - 20:30

Meet Asia’s Second Richest Man: Lui Che-woo

Head of Macau casino operator Galaxy Entertainment, Lui Che-woo, remains Asia’s second richest man according to Bloomberg’s Billionaires Index. Only Hong Kong multi-billionaire Li Ka-shing, whose fortune stood at $29.5 billion, is richer.

Submitted by Aaron Goldstein on, Fri, 01/17/2014 - 10:22

Sacramento Kings, Overstock.com Begin Accepting Bitcoin

Americas Cardroom, the Sacramento Kings NBA franchise and Overstock.com all have begun to accept the anonymous digital currency bitcoin.

Submitted by Aaron Goldstein on, Thu, 01/16/2014 - 17:16

Pennsylvania Casino Industry Sees Decline

(Associated Press) - Gamblers at Pennsylvania casinos continued to hit the tables in a big way last year, but all those hands of blackjack and spins of the roulette wheel still weren't enough to prevent the industry from suffering its first overall revenue decline since casino play began in 2006.

Submitted by Associated Press on, Thu, 01/16/2014 - 13:17

London Affiliate Conference 2014 Registrations Massively Up (Video)

Alex Pratt of London Affiliate Conference (LAC) tells CalvinAyre.com the event is so far seeing record numbers over past years.

“We are seeing between 50 and 100 registrations per day,” he relayed.

The event, now celebrating its 8^th year, will take place on February 7-9 (2014). Over 3000 people attended last year’s LAC with that number to be higher this year, based on Pratt’s estimates.

Submitted by Aaron Goldstein on, Thu, 01/16/2014 - 13:03

32Red.com Seeing Black With Record Profits Up 21 Percent in 2013

32Red.com, which has become one of the biggest online casino brands in the world, has reported an increase in revenues of 21 percent during the last 12 months (£38.8m in 2013 compared to £32.1m in 2012).

Submitted by Aaron Goldstein on, Thu, 01/16/2014 - 12:24

Borgata President Dismisses Early Online Gambling Results in New Jersey (Video)

Atlantic City casinos reported online revenue of $8.4 million this week for the first two months of legalized Web gambling in the Garden State.

With New Jersey forecasting revenue of $1.2 billion, many pundits found the early numbers disappointing.

Tom Ballance, Borgata president & COO, broke down the online gambling numbers and explained what obstacles online gaming has faced so far.

Submitted by Nagesh Rath on, Thu, 01/16/2014 - 00:40

Irish Bookmaker Paddy Power Sent Baby Clothes, Whiskey to North Korea Dictator

Ireland’s biggest bookmaker, Paddy Power, reportedly sent North Korean dictator Kim Jong-un baby clothing and Irish whiskey last month.

Paddy Power financed former NBA player Dennis Rodman’s trip to the “Hermit Kingdom”. They have since severed ties with Rodman.

A company statement read: “Here’s what Paddy Power No.2 spokesperson Rory Scott brought to North Korea on his pre Christmas trip as recommended by our protocol advisor - an Irish whiskey set, a traditional baby dress and a handbag.

Submitted by Jagajeet Chiba on, Wed, 01/15/2014 - 20:33

Ukrainian Network Nearly Took Control of Bitcoin Last Week

As Bitcoin, the alternative anonymous digital currency, becomes more widely accepted within the online gambling community (Americas Cardroom became the first major poker network to implement the option last week), operators remain skeptical….and perhaps with good reason.

Submitted by Aaron Goldstein on, Wed, 01/15/2014 - 13:28

Robert Gustafsson the Bodog Raid Instigator: Hungry Tigers, Smashed Penises, Oh My

The murky drama surrounding the November raids on Bodog Asia's Manila offices got a little clearer last week after CalvinAyre.com posted a copy of the affidavit that led to the raid. Turns out the affidavit was signed by former Bodog Asia CEO Robert Gustafsson.

Submitted by Jagajeet Chiba on, Tue, 01/14/2014 - 22:40

British Bookies Lose $30 Million With Top 7 Premier League Club Wins

(Reuters) - Britain's bookmakers were left nursing losses totalling up to 30 million pounds ($49 million) on Tuesday after the top seven teams in English soccer's Premier League all won their latest round of matches.

Submitted by Reuters on, Tue, 01/14/2014 - 20:41

Breaking News: Online Gambling in New Jersey Sees $8.4 Million Gambled

$8.4 million has been gambled online in New Jersey since the Garden State launched real money online gambling in late November, according to figures released Tuesday afternoon.

Borgata Hotel Casino & Spa far outpaced the other six Atlantic City properties in online gaming revenue, bringing in $3.7 million, nearly half of the total. Ceasars Interactive Entertainment, which operates online gambling through the Bally’s and Caesars properties in Atlantic City, came in next at $2.4 million.

Submitted by Aaron Goldstein on, Tue, 01/14/2014 - 14:49

Casino Magnate Sheldon Adelson Keeps Getting Richer: Adds $14.4 Bil to Net Worth

Sands of Las Vegas Chairperson Sheldon Adelson has just added $14.4 billion to his net worth. He was already among America’s richest billionaires.

He’s now the richest casino billionaire according to Forbes.

No.1 Sheldon Adelson, $39 billion

Submitted by Aaron Goldstein on, Tue, 01/14/2014 - 14:12

Law Firms, Lobbyists Score Big Payoffs With New Jersey Online Gambling

The New Jersey Division of Gaming Enforcement has disclosed that lawyers, lobbyists and other professional organizations have generated a $50.3 million payoff since mid-2009 pushing for legalized online gambling in the Garden State.

Submitted by Aaron Goldstein on, Tue, 01/14/2014 - 07:50

Cantor Gaming to Pay Largest Fine in Nevada State History

LAS VEGAS (Associated Press) - CG Technology, formerly Cantor Gaming, has agreed to pay Nevada gambling regulators $5.5 million to settle a complaint regarding illegal sports betting.

The settlement announced Monday will be the largest in state history.

Submitted by Associated Press on, Mon, 01/13/2014 - 22:10

NJ's Atlantic Club Casino Hotel Now Closed

ATLANTIC CITY, N.J. -- (Associated Press) - The embattled Atlantic Club Casino Hotel closed early Monday, a victim of the casino saturation taking place in the Northeast.

About 1,600 people lost their jobs at 12:01 a.m. as the 33-year-old casino shut its doors. Tearful employees embraced one another and exchanged goodbyes.

Submitted by Associated Press on, Mon, 01/13/2014 - 17:07

Former Boxer Mike Tyson Becomes the Face of Online Casino 7Red.com

The former boxer Mike Tyson has just been named “Brand Ambassador” for the online casino company 7Red.com.

Mike Tyson has personally signed 7Red boxing gloves, 7Red caps and 7Red T-shirts that can be won via 7Red.com daily raffles.

7Red.com, one of Europe’s biggest online casinos, utilizes the BetSoft platform and is owned by RedCorp SA.

Submitted by Aaron Goldstein on, Mon, 01/13/2014 - 13:11

Nevada Casinos Lose $1.3 Billion in 2013

CARSON CITY, Nev. (Associated Press) — Nevada’s largest casinos suffered a combined net loss of $1.35 billion in 2013, marking the fifth year of losses since the onset of the Great Recession.

The annual “Gaming Abstract” released Friday by the state Gaming Control Board looks at the total revenues of casinos that gross more than $1 million in gambling revenue.

While total revenues of $23 billion were up slightly from 2012, so were the losses.

Total revenue is the money spent by patrons on gambling, rooms, food, beverage and entertainment.

Submitted by Associated Press on, Sun, 01/12/2014 - 14:30