Business & Financial
IAS Becomes Part of Paddy Power
A meeting of shareholders in betting company International All Sports yesterday approved a takeover offer from rival Sportsbet and its majority owner, Ireland's Paddy Power.
888.com Enters Into Deal With Harrah’s
Sept. 11 (Bloomberg) -- 888 Holdings Plc rose the most since May in London trading after signing a contract with a unit of Harrah's Entertainment Inc.
Can’t Bet Canbet Closes Accounts Over Shared Environments
Many people bet from the same household, dormitory, Internet café, office. The online gambling website, Canbet.com, may have gone over the top recently when it comes to these so-called "sha
Online Sportsbooks Have Edge Over Vegas
Here's one advantage the offshore books have over those on the Strip: They can post odds on anything they want to.
Online Gambling Bank to Shut Down?
eGaming Review Magazine is reporting that Ivobank, which deals exclusively with the online gambling sector in Europe, has begun refusing new customers amid
Packer May Target U.S. Casino Assets, Citigroup Says
Sept. 8 (Bloomberg) -- Australian billionaire James Packer may seek new U.S.
Luck Runs Out on Vegas Boom
Michael A. Hiltzik and Ashley Powers, Los Angeles Times Staff Writers
Bwin Shares Rise With Move Into Italy
VIENNA, Sept 7 (Reuters) - Austrian Internet betting and gambling operator bwin's plans to raise its market share in the Italian online poker market with an acquisition was cheered by analysts and
College Football Betting: Bookies Make Out Like Bandits
In what was arguably the best showing for online bookmakers and the Vegas shops of any College Football season opener, the public lost nearly every game this past weekend. The carnage was enoug
William Hill Joint Venture Back on Track
By Roger Blitz, Financial Times of London
Playtech posts 33% rise in H1 EBITDA
LONDON (SHARECAST) - Online gaming technology developer Playtech reported a 33% increase in half year EBITDA as it increases its dividend for the period by 17%.
Smart Live Affiliates No More As They Cut Off Relationship
Yet another online gambling affiliate program has cut ties with its affiliate partners and Gambling911.com now fears this will turn into a growing trend unless there is a cohesive effort to stop th
Daniel Tzvetkoff Running Payovation?
Fresh off his stint scamming numerous online gambling companies, Gambling911.com is now learning that Daniel Tzvetkoff is reportedly running a new online payment solutions company, Payovation.
Online Gambling: Daniel Tzvetkoff Back in Business?
TALK abounds that fallen youthful internet king Daniel Tzvetkoff may be back in business.
PartyGaming Claims US Legal Issues Gave It Advantage
PartyGaming's settlement of its US liabilities has given it an advantage over rivals in the consolidation of the online gambling market, according to Jim Ryan, chief executive.
The operator of PartyPoker followed up its $105m (£64.4m) settlement with the US Department of Justice in April with a £72m cash purchase in July of online bingo website Cashcade from Independent News & Media, beating a bid from 888. It paid £12.3m for the World Poker Tour.
PartyGaming First Year Revenues Drop
LONDON (Reuters) - Online gambling group PartyGaming (PRTY.L: Quote, Profile, Research) said first-half revenue fell a fifth due to adverse currency movements, competitive pressures and the consume
PokerStars - Revision
ISLE OF MAN, UK, AUGUST 26, 2009 - A number of recent commentaries have included estimates about our market share in the US which are significantly wrong.
PKR Poker Affiliates Fear The Worst
I run the media, publicity and portal development company, Media Man
Canada to Offer Legal Online Casino Gambling
The British Columbia Lottery Corporation will begin offering its residents a range of online games including blackjack, roulette and poker, via PlayNow.com
Over 30 Microgaming Online Poker Skins Liquidated
Online gambling and poker software company, Microgaming, once had a stellar reputation. They are still a respected firm for the most part, but this year has been especially tough on the group beg
PartyGaming to Buy Most of WPT's Assets
PartyGaming PLC (PRTY.LN) has agreed to acquiring nearly all of WPT Enterprises Inc.'s (WPTE) operating assets, ending a buyout deal the operator of the World Poker Tour had with an investment grop
Betfair Considers $2.5 Billion IPO
(Bloomberg) -- Betfair Ltd. is considering a 1.5 billion-pound ($2.5 billion) initial public offering, the Sunday Telegraph reported, without citing anyone.
Founders Andrew Black and Edward Wray, who will meet banking advisers over the coming weeks, reconsidered their position on a potential IPO following continued strength in global equity markets, the newspaper said. Betfair declined to comment, according to the Sunday Telegraph.
MGM Mirage and Chinese Organized Crime
The Daily News has reported that one of six bidders to run a Las Vegas-style video slots emporium in Queens has ties to Chinese organized crime.
World Poker Tour Receives Alternative Offer
It seems the World Poker Tour is suddenly a hot commodity.
BetonSports Customers Finally to Get Paid After 3 Year Wait
BetonSports customers can, for the first time, thank the US Government for actually coming through for them.
Online Poker Traffic Continues to Rise: Cereus Back in 6th
The online poker traffic monitoring website, PokerSiteScout.com, reports that there has been an overall rise of 2 percent in number of "real cash" players at the Internet poker rooms.
Electronic Media, Blogs Big Win With Court Ruling
The Honorable Judge Laura Taylor Swain handed down her decision in the New York Circuit Court Tuesday declaring that the US Government was not entitled to withhold information from electronic media news sites related to sealed indictments. Her ruling is significant for all online media outlets whether it be the Huffington Post, The Daily Beast, Perez Hilton or TMZ.com.
Trump Casinos Post $443 Million Loss
Donald Wittkowski, Press of Atlantic City
ATLANTIC CITY - Trump Entertainment Resorts Inc., currently in the midst of an ownership fight between Donald Trump and corporate bondholders, fell to a huge loss in the second quarter, reflecting the lower value of two of its three casinos.
The company reported a net loss of $443.1 million, or $13.97 per share, compared to a net loss of $29.8 million, or 94 cents per share, in the same quarter last year.
