Business & Financial
Everest Poker Revenues Way Up for Parent Company
Everest Poker's parent company GigaMedia's second-quarter results revealed revenues were up 31% on same period last year to US$52.5m, with operating income growing 18% to US$11.9m.
Ladbrokes Prepared to Accept US Poker Bets Says Managing Director
England's largest bookmaker, Ladbrokes, is said to be considering accepting US poker bets in a move sure to rattle the industry.
Online Poker Could Heal California’s Worst Financial Woes Since Depression
Mort Saltzman of the Sacramento Bee on Wednesday warned not to get overly worked up about legalized online poker
Starbucks Closes 16 Starbucks in Las Vegas
A sure sign the US economy is in trouble - Starbucks is closing 600 of 11,168 stores and 16 in Las Vegas alone (10 percent of all Starbucks in Sin City).
Starbucks' surge and contraction mirror the Las Vegas economy, said Keith Schwer, director of the Center for Business and Economic Research at the University of Nevada in Las Vegas. ``We've gone from having a better unemployment situation than the national economy to one that is slightly less.''
Exxon Biggest Quarterly Profit in US History as Airlines, Vegas Suffer
US Government Targets Payment Processors for Online Gambling in States
New Bank for Online Gamblers: Ivobank Backed by Powerful Family
A new online bank catering to online gambling enthusiasts has opened and offers fast and secure online money transfer services.
PayPal Sharing Customer Information With Government
Lots of people use PayPal but the online payment solution seems to care little about customer privacy.
National Bank of Nevada and First Heritage Bank Latest Banks to Close
Volume Increases on Wachovia Bank Failure at Prediction Market
BankUnited, Downey Financial Getting Hammered by Gamblers
UBS Cuts Offshore Banking for US Citizens
The Wall Street Journal reports that UBS will close private-banking operations for U.S. clients:
Virgin Stripping: Mobile Company Asks Teen Girls to Take Clothes Off
Virgin Mobile is asking teens to take off their clothes and strip in front of the camera then submit the videos for public airing.
Oh, but it's all in the name of charity.
They asked kids to post videos of themselves stripping to music. In exchange, clothing companies would provide donations of new clothes based on the number of times the videos were viewed. Called "Strip2Clothe," the campaign carries the tagline, "You take off yours, we donate ours."
Intrade Adds Wachovia to Bank Closure Options
The online predictions market - Intrade - which is based out of Dublin, Ireland and takes bets from US citizens, today added Wachovia Bank to its growing list of banks with odds of closing.
US Banks to Fail: Prediction Market Lists Odds
Online gambling site Intrade had posted odds for a handful of US bank failure possibilities Tuesday, with very few bidders thus far.
Dubai and United Arab Emirates Internet Censorship Hits All Time Low
Starbucks Doesn't Buck Trend: GM Sinks to Lowest Levels Since 1954
A recession is brewing. Coffee at more than 600 Starbucks stores will stop being brewed as a result.
