Pay Per Head Scammers Have Industry on Edge: Leads Investigated
Nearly everyone in the pay per head industry, most of which is based in Costa Rica, are outraged by a group of scammers that have inundated the Net with emails suggesting they have a direct relationship with the likes of respected PPH companies like WagerHome.com and Perhead.com.
BetOnline Introduces Strip Sports Betting (Video)
If you are going to lose money betting sports, you might as well watch hot women lose their clothes at the same time. We suppose that is the concept behind StripSportsBetting.com, a product of Gambling911.com sponsor BetOnline.ag.
Ladbrokes Luck About to Change: Deutsche Bank Upgrades Shares to ‘Buy’
Ladbrokes, the UK bookmaking behemoth, has endured a rough ride in recent months but Deutsche Bank sees things changing for the better.
Analyst Richard Carter upgraded the share price of Ladbrokes from ‘hold’ to ‘buy’, believing that the stock is worth 232p and noting that the ‘headwinds’ affecting the group’s recent performance are now factored into the bookmaker’s valuation.
Fashion Empire Versace Enters Macau Gambling Industry
One doesn’t typically associate the name Versace with casino gambling, but the fashion house has announced its plans to build a luxury hotel at a casino resort in the Asian gambling Mecca of Macau.
In a joint statement with local casinos operator SJM Holdings Ltd, Versace said the five-star Palazzo Versace hotel will be part of a resort SJM is building in the former Portuguese colony's Las Vegas-style Cotai strip.
Bahrain-Based Investcorp Sells Majority Share in Online Payment Processing Co Skrill
(Reuters) - Bahrain-based Investcorp said on Monday it agreed to sell a majority stake in British online payments services firm Skrill Group to private equity group CVC Capital Partners for 600 million euros ($800 million).As part of the deal Investcorp will keep an approximate 25 percent stake in the company, sources said. It will also retain a seat on Skrill's board, the company said in a statement.
Fake Affiliate Impersonating WagerHome.com, TheRx.com
Beware pay per head agents! Gambling911.com has been informed that a fake affiliate with no relationship to pay per head site WagerHome.com is emailing agents pretending to represent this company.
InsuredPlay.com to Shut Down
An all-in equity insurance product for online cash games, InsuredPlay.com, will no longer be available as the site is slated to shut down after only 16 months in business.
All player balances remain safe, and everyone will be repaid their balances in full, the company assures but withdrawal requests must take place by September 30.
A statement from the site claimed that “a number of difficulties that we have not been able to overcome” have led to the shutdown.
Pay Per Head Plus Local Bookie Translates Into Higher Profit
For the local bookie utilizing pay per head outfits located outside the United States, the increased profit should be realized almost immediately.
Pay per heads the likes of Wagerhome.com do all the so-called “dirty work”. They provide the technologies, the management of accounts, software (online websites) and, in the case of Wagerhome.com at least, LIVE BETTING.
Head Count Services for 2013 NFL, College Football: Live Betting
A head count service is a company that manages bookmaking businesses and charges based on the number of players (i.e. heads) that are placing bets.
These services are cropping up left and right as the 2013 NFL and College Football seasons are upon us. This makes perfect since such businesses are in high demand.
Arsenal FC Partners With Online Gambling Site Bodog
Following a successful 2013 pre-season tour to Indonesia, Vietnam and Japan Arsenal today welcomes Bodog as its Official Asian Betting Partner in a three year, multi-million pound deal.
New Online Poker Site LiveAce.com Enters US Market: Will Pay Out Via Auctions
A new membership based online poker site, LiveAce.com, entered the US market Wednesday. The site has discovered what they believe to be a legal way for players to win real money and claim their cashouts without the hassle of using third party processors that are regularly seen as skirting US law.
The browser-based online poker site will allow customers to cash in chips through unique daily auctions whereby cash redemptions are processed quickly via payment solutions company Dwolla or check.
New York, US Open Investigations Into Bitcoin as Senate Asks for Guidance
New York State and federal law enforcement agencies are beginning to investigate the shortcomings of the virtual currency bitcoin just as it is on the verge of becoming more popular in the mainstream market.
Call Center Outsourcing for Bookies Reaches Fever Pitch
There have never before been this many call center outsourcing companies available for bookies and the number of such companies continues to grow it seems.
IDSCA is one of the more prominent in this field.
In addition to this group’s great software product, they also offer a full service call center.
Sands Head Sheldon Adelson Furious With MGM, Caesar’s Driving Vegas Room Rates Down
During a quarterly earnings conference call this week, Las Vegas Sands Chairman Sheldon Adelson blasted MGM and Caesar's Entertainment for driving down hotel room rates on the Strip and, thus, cutting into his own company's profit margins.
Adelson accused both casinos of conducting business out of desperation due to some excessive debt.
Caesars owes some $23.7 billion while MGM Resorts is in a $13.1 billion hole.
Beyonce, Rihanna, Others to be Held Hostage by Online Gambling Trade Dispute
The tiny Caribbean island of Antigua is looking to be compensated by the US as part of its $3.4 billion World Trade Organization victory. The two nations have been immersed in a decade-long dispute over Internet gambling.
Huge Traffic Increases Continue at Americas Cardroom After ‘Beast’ Promo
San Jose, Costa Rica –As The Beast Anniversary celebration continues this month at Americas Cardroom with daily $1,000 leaderboard competitions and three more weekly leaderboards worth $5,000 a piece, poker players from all over the US are signing up to take advantage of the cash giveaway in record numbers. Earlier this week, Americas Cardroom became one of the big three online poker sites in the US.
Greece Completes Privatization of Gambling Monopoly
(Reuters) - Greece on Monday completed the sale of a major stake in state-controlled gambling firm OPAP (OPAr.AT) to Greek-Czech fund Emma Delta, a condition of the country's ambitious asset sales program under its multi-billion international bailout.
Athens sealed a deal to sell its 33 percent stake in OPAP to Emma Delta for 652 million euros ($870.52 million) in May but rows among opposing investors over the fees OPAP would pay its partners for technology and printing services delayed the deal.
Hackers Switch to Digital Currency Perfect Money After Liberty Reserve Demise
(Reuters) - Three months after a team of international law enforcement officials raided the digital currency firm Liberty Reserve, cyber experts say criminals are increasingly turning to another online currency called Perfect Money.
Idan Aharoni, the head of cyber intelligence at EMC Corp's RSA security division, said that some online scam artists and thieves are using Perfect Money's digital currency to launder money and conceal profits in much the same way they allegedly did with Liberty Reserve's currency.
Bookie Outsourcing Hits Fever Pitch in Time for 2013 Football Season
Never before have we seen so many bookie outsourcing companies on the Web. This is due heavily to the online sports betting sector’s difficulty in sending funds from offshore.
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The Mirror: ‘Full Tilt Phantom Accounts May Result in Funds Shortfall’
The London Mirror featured a piece on Full Tilt Poker Friday, raising troublesome concerns over whether all players will see their funds.
New Jersey Casino Revenue Down 3.6 Percent: Revel Sees Improvements
ATLANTIC CITY, N.J. — (Associated Press) - An aggressive slot refund promotion helped Atlantic City's newest casino to a banner month in July, but most of the rest of the casinos got off to a cool start as summer heated up.
The casinos won $297.2 million from gamblers in July, down 3.6 percent from $308.2 million last July.
They won $215.5 million from slot machines, and an additional $81.7 million from table games last month.
William Hill Acquires Australian Bookmaker Tom Waterhouse
(Reuters) - British betting giant William Hill Plc (WWHL) has agreed to buy Australian online betting firm Tom Waterhouse NT for up to A$110 million ($100 million) including debt, looking to become Australia's biggest online bookmaker.
William Hill, the world's largest betting agency by market value, has agreed to pay A$34 million up front and assume A$6 million in debt for tomwaterhouse.com, in a country that has the world's biggest gambling habit per capita.
Maryland Casino Revenue up 27.6 Percent With Opening of New Casino
ANNAPOLIS, Md. (Associated Press) — The opening of Maryland's largest casino went a long way to helping the state net nearly $830 million more in lottery and casino revenues in the last fiscal year — a 27.6 percent increase from the previous one.
The increase came despite a drop in traditional lottery revenue for the state from $556 million to $545 million. That money goes to the state's general fund.
Tropicana Casino Teams Up with Jackpotjoy.com Creator for Online Gambling in NJ
ATLANTIC CITY — The Tropicana is the latest Atlantic City casino to line up an online partner to help it offer Internet gambling later this year.
The Trop has joined with Gamesys Limited, which runs the jackpotjoy.com website.
“Gamesys has a proven track record in the UK of providing excellent products and customer service and we look forward to launching Tropicana’s Internet gaming business with them,” said Tony Rodio, the Tropicana’s president.
The Beast Results in 50 Percent Traffic Spike at Americas Cardroom
Sure there are some Beast haters, but the one-year-old isn’t going anywhere any time soon as The Beast has resulted in a 50 percent traffic spike at Americas Cardroom.
Ladbrokes Struggles Continue: Can’t Take the Heat
LONDON (Reuters) - Ladbrokes' customers shunned UK betting shops and the gaming machines inside during July's heatwave, compounding a slide in first half operating profit which underscored the need to build up its online business.
Britain's second largest bookmaker has been less successful than larger rival William Hill in exploiting the growing online market and expanding overseas, making it more dependent on its chain of almost 2,300 shops on British high streets.
Station Casinos Double Digit Growth But Mum on Internet Poker Impact
Station Casinos has announced double-digit growth during the 2nd quarter with a profit increase of 11 percent.
What Station Casinos did not disclose is the impact online poker has had on those numbers.
Nevada, NJ Consider Marriage in Online Gambling Sector After Early Bickering
(Reuters) - MGM Resorts International is working with Nevada officials who are discussing banding together with New Jersey to create a joint online gaming market, CEO Jim Murren told Reuters in an interview.
"I think it's likely that in 2014 we'll see a compact between New Jersey and Nevada," Murren said in an interview following the company's second-quarter earnings call.
