Business & Financial
US Government to Approve Financial Bailout at 80 Percent Say Bookies
The online prediction market intrade.com listed the US Congress to approve a government bailout of banks on/before 30 Sep 2008 with an 80 percent chance
Paulsen Bailout Plan Highlighted: No Court Review
The Legislative Proposal for Treasury Authority to Purchase Mortgage-Related Assets has been disclosed. Pay special note to Sec. 8. Review below.
(a) Authority to Purchase.--The Secretary is authorized to purchase, and to make and fund commitments to purchase, on such terms and conditions as determined by the Secretary, mortgage-related assets from any financial institution having its headquarters in the United States.
Washington Mutual Still High on Radar of Bank Failure Prediction Markets
Washington Mutual Inc.
Goldman Sachs and Morgan Stanley to Become Holding Banks
WASHINGTON (Associated Press) - The Federal Reserve said Sunday it had granted a request by the country's last two major investment banks - Goldman Sachs and Morgan Stanley - to change their stat
Betting on Stocks Still Available…. Just Not From SEC
The Securities and Exchange Commission early Friday imposed a temporary emergency ban on short-selling of financial company stocks, a trading method that bets the stocks will go down.
Short Selling Banned in London: New York Next
Financial regulators in the U.S. and U.K., attorneys general in New York, Texas and Connecticut, and the three largest U.S.
Some Around Vegas Panic In Wake of Nevada Bank Closure, Market Meltdown
Southern Nevadans are panicking and considering extraordinary steps to avoid losing more money in the stock market, real estate and even bank savings accounts, one local banker told the
Obama’s Lead Grows as Economy Falters
This week's Wall Street meltdown could have been just what the doctor ordered for an ailing Barack Obama campaign.
After losing serious ground to Republican John McCain, Obama is now listed back up to -152 odds at Bookmaker.com. Heading into this week, the two candidates were dead even while prediction markets and polls gave McCain a slight edge.
McCain took a hit along with Wall Street it seems.
William Hill, Rank Group and Ladbrokes Share Price Surge
British online gambling firms rose more than 6 percent in heavy London trading Thursday, an optimistic sign in a troubled economic climate.
The A.I.G. of Poker: Some Sub-Prime Bets were 20-1 Long Shots
With the recent $85 BILLION (with a B folks!) dollar tax bailout of insurance giant AIG, one has to wonder why the citizens of the US are being forced to bankroll a degenerate poker player like the
Washington Mutual Heading for Sale According to Reports
Ailing bank Washington Mutual Inc.
Barney Frank a Busy Man Amidst Wall Street Turmoil, Online Gambling Bill
Chairman of House Financial Services Committee, Barney Frank, has been a busy man these days.
DOW to Close by 50 points or More on Previous Day Say Gamblers
65 percent of gamblers Wednesday morning believed that the DOW would close by 50 points or more from Tuesday's close according to the intrade.com predic
AIG Was Likely to Fail Wednesday: Bailed Out by US Government
If a financing solution is not reached, American International Group (A.I.G.) may file for bankruptcy as soon as Wednesday, a person briefed on the matter told the New York Times Monday night.
Las Vegas Begs Poker Players to Start Playing “regular” games
Forbes.com announced last week that Vegas gambling revenue declined 14 percent in the month of July. Shortly following that announcement it was leaked that leaders from the large casinos such as The Bellagio and The Wynn have asked big poker players like Doyle Brunson and Phil Ivey to start playing "regular" games like Craps and Blackjack so that they have a shot at their money too.
When reached for comment, Phil just stared down the camera.
PartyGaming Added to Prestigious FTSE4Good UK 50 Index
Fifteen UK companies, including online gambling firm PartyGaming, have been added to the FTSE4Good UK 50 Index of companies striving for good corpor
Wall Street Meltdown, Economic Crisis Giving Obama a Boost
Monday's Wall Street meltdown following the closure of Lehman Brothers and "desperation" acquisition of Merrill Lynch by Bank of America wasn't bad news to everyone it seems.
Possibly a Thousand More Banks Will Close Says Analyst
Wilbur Ross, chairman and CEO of WL Ross & Co., provided CNBC viewers with a most ominous prediction.
Is Washington Mutual Going to be the Next Bank to Fail?
With news that Lehman Brothers is facing immanent bankruptcy and Mer
Lehman Brothers Bankruptcy Would be Biggest in 18 years
The New York Times was reporting on Sunday that the bankruptcy of Wall Stree
Party Gaming a No Show in US Court
While unrelated to their plight in the US since UIEGA, Party Gaming (who owns Party Poker) has taken the extreme measure of refusing to show up for a court battle against a US-based slot machine ma
50 Percent Chance US Will Go Into Recession By End of 2008
Isn't the US already in a recession? Not quite....but almost!
Americans are losing their jobs at a steady clip, Ben Steverman of Business Week reported this week. According to a Labor Dept. report released Sept. 5, the unemployment rate hit 6.1% in August, and U.S. payrolls dropped 84,000-with both numbers worse than economists were expecting.
Wachovia in Better Shape According to Prediction Markets
Despite receiving the most betting volume, the gambling majority does not believe that Wachovia will be closing before the year's end.
PartyGaming Latest to Cut Jobs in Online Gambling Sector
PartyGaming, once the largest online poker firm, has announced it will be laying off more than 100 employees in its Gibraltar office.
Southwest Airlines Lets the Industry Have it During 2008 NFL Opener
Southwest Airlines - the official sponsor of the NFL - let the airline industry have it Thursday night with an ad that reinforces the idea that Southwest, unlike most of its competitors, does not c
PartyGaming Indian Co-Founder Appears on Forbes 15 Asian Billionaire List
Anurag Dikshit, with net worth of $1.6 billion, spearheaded the development of technology that helped in the launch of the online poker boom.
Las Vegas in India Courtesy of Las Vegas Sands
Sands head Sheldon Adelson wants to build a Las Vegas in India and why not? With over one billion people, India is the second most populated country in the world outside of China.
Gambling911.com Test Article
Testing System Article - Please Excuse us as we Conduct a Systems Test While Site Remains Online.
First, he has hinted at choosing Florida Governor Charlie Crist as his running mate. Florida likes its Republican Governor, whose own Election Day ads referred to him as a “Ronald Reagan Republican”. Crist hasn’t suffered the backlash brought on by the unpopularity of the current Republican administration.
This is a contest test.
Stronger Dollar Could Rally Economy: Gambling Affiliates Worry
The US dollar this week hit a 6 month high against the euro and it might not be done just yet.
MarketWatch: Gaming-Fund Manager on MGM, Scientific Games, Gigamedia
CHICAGO (MarketWatch) -- Dan Ahrens has been on a serious losing streak in Las Vegas but since he always bets on the house, he's confident that his luck will soon change.
Ahrens is manager of the Ladenburg Thalmann Gaming and Casino Fund, which is down more than 40% over the past 12 months as investors sell gambling stocks in the wake of an accelerating decline in visitation and gambling revenue in Sin City and elsewhere.
"The selling has been very overdone," Ahrens said. "Gaming revenues are down somewhat in Vegas but it is far from a ghost town.
