Business & Financial

Tiger Woods Camp Rejects Online Gambling Offer

Following recent international media coverage of Paddy Power's negotiations with IMG to sponsor Tiger Woods, the company confirms that its initial offer cov

Donald Trump vs. Karl Icahn in Atlantic City

While the rest of the world gets ready for the upcoming Pacquiao vs.

PartyGaming The Latest to Report Poor 2009 Showing

With Sportingbet a bit of an exception to the rule, online poker's 4^th largest network, PartGaming, reported a poor showing in 2009 with numbers down to $135.0 million from $144.2 millio

10-Year Old Goldbet Joins Microgaming Online Poker

The Goldbet online gambling group, in operation now since 2000, have selected Microgaming as its new network for allowing customers to play online poker.  The Austrian bookmaker uses proprietary s

Sands China Revenue up 22 Percent

March 2 (Bloomberg) -- Sands China Ltd., Asia's biggest listed casino operator, said profit rose 22 percent last year as Macau visitors gambled more on card games and slot machines.

Net income increased to $213.8 million from $175.7 million a year earlier, Sands China, which has the second-biggest market share among Macau casinos, said in a statement to Hong Kong's stock exchange today. That compared with the $225 million mean estimate of four analysts surveyed by Bloomberg.

William Hill Sees Challenging 2010

By KATHY GORDON, WSJ.com

LONDON-U.K. betting group William Hill PLC Friday posted a 7% drop in full year profit, slightly ahead of guidance provided in January, and said its 2010 expectations are unchanged as the unusually severe winter weather in the U.K. in January only pushed revenue down 0.6% in the first seven weeks of 2010.

Virgin Group May Move Into US Online Gambling Market

The Virgin Group continues to expand on the online gambling front as they seek investors to help the company move into newly open markets, according to a report filed by

Gambling in Hawaii: Wipe Out

Carrie Stroup sadly packed her bags last night, as a move to legalize casino gambling at the Hawaii Legislature this session is now dead.

Rank Urges Treasury to Create Flat Gambling Tax

Ontario Considers State-Sponsored Internet gambling

TORONTO - Ontario will consider state-sponsored Internet gambling, Premier Dalton McGuinty said Tuesday, days after the provincial gaming agency said it is looking at taking a cut from the online p

Bing, Yahoo Deal Should Help Online Gambling Sector

Search has helped build the online gambling industry from all the way back when now defunct BetOnSports would bid on the best terms at Go.com to now where a coveted top 3 spot on the first page of

Ladbrokes Falling Profits Symbolic of Failing Economy

It was very bad news for the United Kingdom's largest bookmaker.  Ladbrokes on Thursday reported a 28% fall in profits in 2009.

Las Vegas Sands Losses Narrow: Macau 80% of Revenue

(Bloomberg) -- Las Vegas Sands Corp., the casino company expanding in Macau and Singapore, reported fourth- quarter earnings that met analysts' estimates as growth in the Chinese gambling market co

Inside Gaming: N.J. likely to Suffer Same Fate as Bernie

Atlantic City gaming revenues fell 8.5 percent in January to $294.2 million, the New Jersey city's 17th straight monthly decline.

That was the good news.

In the past five weeks, Atlantic City's 11 casinos saw new competition emerge (table games in Pennsylvania and Delaware, slot machines in Maryland and New York) and two casino operators (MGM Mirage and Pinnacle Entertainment) begin planning their exit from the market.