Business & Financial
Zynga Trading Halted After Facebook Debut Sparks 13 Percent Drop
SAN FRANCISCO -- (Market Watch - Shares of Zynga Inc. were halted in morning trades Friday after the stock fell by more than 13 percent.
Trading was halted after Facebook Inc. began trading in its much-awaited initial public offering.
Mark Zuckerberg was Wearing WHAT Friday as Facebook Went Public: Hoodie and Suit Odds
Bookmaker has released odds on what Facebook founder Mark Zuckerberg will be wearing Friday as his company begins trading. (find odds here)
Facebook Closing Price on Opening Day Odds Released: Betting Available
Bookmaker has released odds on the Facebook closing price at the end of opening day May 18, 2012 (find odds here).
Facebook has priced its IPO at $38 million ahead of Friday’s opening bell.
Carbon Poker Version 6.0 Software - Coming in June!
More big news in the world of online poker as Carbon Poker, the flagship brand of the Merge Gaming Network, has announced the unveiling of its 6.0 software, coming June 1, 2012. Gambling911.com is thrilled to bring its readers a sneak preview. We will have more teasers coming over the next two weeks.
Facebook IPO Good for Internet Gambling: Zynga Should Begin Offering ‘Real Money’ Play Right Away
One of the immediate beneficiaries of this week’s Facebook IPO should be the Internet gambling industry. Facebook has been making overtures towards the multi-million dollar sector via its hugely popular Zynga Poker platform.
While Facebook may have to wait a little while before offering “real money” online poker to US players, the company could look to profit from jurisdictions where Web gambling is already clearly legal.
Poker Players Talk Revolution Gaming Network, Lock, Cake and Intertops
You have gotten all the news here first at Gambling911.com regarding the June 1, 2012 launch of the new Revolution Gaming Network, featuring some of the most recognized brands on the Web. Among those top brands: Lock Poker, Cake Poker and Intertops, which has the distinction of being the first online gambling website on the Net. Cake and Lock are both proud sponsors of the Gambling911.com website.
Bwin.Party Sales Inch Upwards
LONDON - (Reuters) - Bwin.party digital, the world's largest listed online gaming company, said first-quarter revenue edged up and that it expects to be offered a licence to offer online gambling in Germany soon.
The company, which was formed by the merger of Austria's Bwin and PartyGaming last year, on Wednesday said revenue rose 1 percent to 215.9 million euros ($275.8 million) in the three months to the end of March as growth in casino and gaming offset weakness at its poker and bingo businesses. It added that April trade was in line with last year.
Web Cam Online Poker Room in Isle of Man as Safe as a Vegas Casino
This week, Gambling911.com announced the beginning of an exciting new partnership with Camasino.com, a web cam online poker room based in the Isle of Man.
Online Gambling in India Surges: Nation Missing Out on $5 Billion Annually
The Times of India this week reported that India could be missing out on as much as $1.5 billion in lost tax revenue by not regulating online gambling.
The paper cites an expanding middle class and increased Web access across the country.
Revolution Gaming to Offer Rakeback at 36 Percent, Lock Poker to Host $1 Mil Rake Chase
Gambling911.com has confirmed that the new Revolution Gaming online poker network, effective June 1, 2012, will begin to offer players an incredible 36 percent rakeback. This is the highest rake on the current market. Revolution Gaming will include the top brands Lock Poker and Cake Poker among others.
The 36 percent will be paid daily into Lock Poker players accounts while other Revolution partners will have the option to do so. At this moment only Lock is confirmed on board with the daily rakeback.
Webcam Poker and Social Media Brought to a Whole New Level With Camasino
Introducing the new Webcam poker room and a new form of social gaming, Camasino, which has joined the Gambling911.com family. Players from around the globe are welcome to join here.
Devilfish Poker Emailing Customers of Now Defunct Purple Lounge: Sale Possible?
CardPlayer.com was reporting that customers of now shuttered Purple Lounge have been in receipt of emails from rival Devilfish Poker.
The two emails sent out feature no content other than the header “Devilfish Poker Welcomes Purple Lounge Player”.
PokerStars Officially Launches Zoom Poker
PokerStars highly anticipated Zoom Poker officially launched on Tuesday, May 15, 2012 following extensive beta testing of the product.
Zoom Poker is the fast action ring game that provides players with more hands in less time.
Vegas Casinos Partner Up With Online Poker Rooms With Questionable Pasts
(Reuters) - To prime itself for the U.S. debut of legal online poker, MGM Resorts International, owner of such Las Vegas Strip monuments as the MGM Grand, the Bellagio and the Mirage, wanted a partner that knew the ropes.
So last October it hooked up with Bwin.Party Digital Entertainment Plc, a London-listed, Gibraltar-based specialist that rakes in more from Web betting than any other publicly traded company. MGM Resorts took 25 percent of a new venture 65 percent owned by Bwin.Party, with smaller Las Vegas casino operator Boyd Gaming getting the remaining 10 percent.
Two Plus Two Poker Posting Forum Back Online Following Hacker Incident
The popular Two Plus Two posting forum returned this weekend after a hacker managed to encrypt user passwords last month. The world’s largest poker message board has been down for nearly three weeks.
MGM to Develop First Online Casino Game by June: Chairman Says Federal Law Not Happening
MGM Resorts International is looking to release its first online casino game next month (June 2012).
Chairman James Murren referred to the game as “Casino Mogul”, however, partners of the firm have not decided on an official name as of yet.
"Internet gaming is here!” Murren declared at the 19th annual Southern Gaming Summit.
Nevada Gambling Revenue Down 10.8 Percent in March
CARSON CITY, Nev. — (Associated Press) - March was an unlucky month for Nevada casinos, when gamblers beat the house more than normal and casino revenues fell 10.9 percent from the same month last year, the Nevada Gaming Control Board reported Thursday.
Casinos won $854.6 million in March, on which the state collected $71.5 million in taxes, a 10.3 percent decline.
But regulators noted a large convention in Las Vegas last year helped boost revenue in March 2011, exaggerating the decline in the recent report.
Radio Host Accuses EOG.com Sports Betting Forum Head John Kelly of Being ‘Deadbeat’
Los Angeles radio host Roger Stein has accused John Kelly, general manager of the sports betting website Eye on Gambling (EOG.com), of being a deadbeat!
"He don't pay the bills too good," Stein said of Kelly.
Bloomberg: Cantor Fitzgerald’s Bid to Become Global Powerhouse of Sports Betting, Online Poker
Bloomberg News on Wednesday published a great read on Lee Amaitis and his goal to turn Cantor Entertainment Technology Inc. into a sports- gambling powerhouse that looks to eventually add online poker to its platform.
Horseshoe Casino in Cleveland Expected to Attract 5 Million Per Year
Rock Gaming executive Nathan Forbes says his firm believes that the Horseshoe Casino in Cleveland will attract around 5 million visitors per year. Rock Gaming is a majority partner in the new venture.
The casino on Public Square will open to the public at 9:30 p.m. on May 14 after an early-evening VIP reception and stay open 24 hours a day, seven days a week thereafter.
Titan Discharges All Poker Pros
In a shocking move, Titan Poker has cut ties with its professional poker player representatives this week.
Marvin Rettenmaier took to his Twitter page to break the news:
“@titan_poker has decided to part ways with its Pro Team. I am very thankful for the opportunities and I had a great time representing them.”
British poker pro Sam Trickett was also let go.
Both Trickett and Rettenmaier signed contracts with the online poker room back in March of 2010.
Gree Inc Brings Down Japan’s Nikkei as Agency Clamps Down on Gambling
Japan's Nikkei share average fell 1.5 percent on Wednesday to a fresh three-month closing low as concerns grew that Greece could reject its hard-won bailout deal with international lenders that saved it from a disruptive bankruptcy. But it wasn’t all about Greece. A gambling clampdown also played a major role in Wednesday’s poor showing.
Doubt Shed on a Chris Christie About Face Related to Internet Gambling
John Brennan, reporter for the Bergen Record, shrugged off the notion that New Jersey Governor Chris Christie has turned his back on legalizing Internet gambling and bringing sports betting to the Garden State.
Online Poker $50k Weekly Tournaments Become Permanent at Americas Cardroom
Americas Cardroom does it again! Realizing the enormous success of its $50,000 Weekly Guarantee tournament offering over the past five weekends, the popular online poker site, which does accept US customers, has decided to expand the tournament schedule (scroll down below for full online poker tournament schedule).
PokerStars Releases BOOM! Hand Replayer Poker Hands Sharing Device
PokerStars on Tuesday May 8, 2012 launched a new software product that allows players to share poker hands they have played on PokerStars, the world’s biggest online poker room. BOOM! Hand Replayer will act as a social sharing function for friends, family and followers on Twitter, as well as the wider poker community on BoomPlayer.com
LockOPS Lock Poker Series Expected to be Reintroduced This Fall
The build up for LockOPS, the Lock Poker Series, was pretty significant with hundreds of searches coming info the Gambling911.com website for this event.
"This ranked as one of the most searched for tournament events, whether online or live, that we have ever seen here on the Gambling911.com website," reveals Payton O'Brien, Senior Editor of G911. "Simply amazing when one considers the limited time frame between the official announcement and its anticipated starting time."
Bwin.Party Enters California Online Poker Market
It may not be legal yet but on Monday May 7, 2012, Bwin.Party announced an official partnership with California tribe, the United Auburn Indian Community (UAIC) to offer online poker services in that state once legislation is passed.
Official Release: Cake in Process of Selling Selected Assets to Lock Poker
Curacao, Dutch Antilles, May 7th, 2012 – Cake Gaming N.V. has announced today it is in the process of selling selected assets to Lock Poker, enabling Lock to rebrand the existing Cake Network to Revolution Gaming. Cake will continue operations providing all of its current Network partners, sites and players the opportunity to be part of the Revolution Gaming Network.
Official Press Release From Lock Poker Regarding Cake Acquisition
As of June 1st a whole new world awaits the Lock Nation.
Lock is in the process of acquiring assets from Cake and will be re-branding the Cake Network to launch Revolution Gaming, driving technology, marketing, player rewards and implementing a richer tournament schedule. The LockPRO team will be at the foundation of these changes. They will come together and offer their recommendations on all levels, truly bringing the player into the boardroom.
Cake Gaming, Lock Poker Unveil Revolution Gaming Network as Part of Acquisition Deal
As first broken by Gambling911.com early Sunday, Lock Poker is acquiring the Cake Poker Network. The Cake Poker Room, as mentioned on Sunday, will continue to operate as a separate entity.
