Business & Financial

Las Vegas Deep Discounts Make for an Attractive Vacation Spot

It may seem illogical. Head to Vegas and spend money gambling, dining, checking out the shows. But that's what economic stimulus is all about, getting people to spend....just do so wisely. Du

Submitted by Jagajeet Chiba on, Mon, 02/09/2009 - 11:17

Bookmaker Not Hurt by Recession: Opening 80 More Shops

Paddy Power, Ireland's biggest bookmaker, plans to expand into Scotland with the opening of 80 more shops by 2011 with a stg£16m investment.

Submitted by Jagajeet Chiba on, Mon, 02/09/2009 - 09:16

Online Gambling and the Economy: The Media Stimulus

Throughout these trying times, Gambling911.com will be highlighting ways in which a fully legalized online gambling industry can help to stimulate the U.S.

Submitted by C Costigan on, Sun, 02/08/2009 - 22:41

Michael Phelps Might Need to Become a Poker Pro… Fast!

Olympic gold medalist swimmer, Michael Phelps, was dropped by one sponsor this past week following the fallout of his "marijuana" usage at a party this past fall.

Kellogg Co became the first major consumer firm to terminate an endorsement relationship with Michael Phelps. The world's largest cereal maker said on Thursday it would not extend a contract with Phelps, who won 8 gold medals at the Beijing Olympics last summer. The company said the Phelps "bong incident" was inconsistent with its public image.

Submitted by C Costigan on, Sun, 02/08/2009 - 17:00

PartyGaming Sees 4th Quarter Results Sluggish

(Reuters) - Online gaming firm PartyGaming (PRTY.L) said on Friday it expects full-year earnings to beat forecasts even as the strong dollar impacted fourth quarter revenue, which fell 18 percent a

Submitted by on, Fri, 02/06/2009 - 10:11

Pennsylvania Wants Video Poker Legalized to Pay for College Tuition

(Associated Press) Gov.

Submitted by on, Thu, 02/05/2009 - 18:12

Bad Beat Poker Jackpots Winning Big in Bad Economy

It turns out that in online poker winning really isn't everything.

Submitted by Jagajeet Chiba on, Thu, 02/05/2009 - 11:37

888 Holdings 4th Quarter Figures Bad, January Good

The online poker craze appears to be going off the boil judging by 888 Holdings's fourth quarter figures, though the online gaming firm said its full-year 2008 earnings should meet

Submitted by Jagajeet Chiba on, Thu, 02/05/2009 - 11:07

Financial Crisis Not Affecting Poker Pro Shannon Shorr

With all this doom and gloom Gambling911.com has been reporting about poker pros in dire straits due to the financial crisis, it's good to see that young ‘em Shannon Shorr may be taking some time

Submitted by Ace King on, Thu, 02/05/2009 - 08:49

World Economic Crisis Digs Deeper Into Poker World?

Gambling911.com has reported in recent weeks on big name poker players who appear to be getting hit by world economic crisis.

Submitted by Ace King on, Wed, 02/04/2009 - 18:51

Super Bowl Betting Down in Vegas: Up Online

The Super Bowl betting numbers are in and the results: A total of $81.5 million was wagered in the state's sports books on Super Bowl XLIII, an 11.5 percent decrease from the game's 2008 handle, ac

Submitted by C Costigan on, Wed, 02/04/2009 - 11:34

Wells Fargo Cancels Trip to Vegas

After intense pressure in the media, Wells Fargo Bank has decided to cancel a highly publicized trip next month to Las Vegas for employees as part of a gambling excursion. Many charged the financ

Submitted by Jagajeet Chiba on, Wed, 02/04/2009 - 10:57

Barney Frank Agenda Includes Online Gambling

U.S. Rep. Barney Frank, a Massachusetts Democrat and head of the U.S.

Submitted by C Costigan on, Tue, 02/03/2009 - 12:50

Steelers Win and Failure to Cover Best Scenario for Books

"It was the best-case scenario for us to have the Steelers win and not cover," Hilton Sportsbook Director, Jay Kornegay told the Las Vegas Review Journal Monday.

For online sportsbooks, nearly 80 percent of the money line action was on the Arizona Cardinals to win outright. Betting on the Pittsburgh/Arizona spread was relatively even but for many books, the amount of bets taken favored the Steelers.

Submitted by Jagajeet Chiba on, Tue, 02/03/2009 - 01:28

Rising Poker Star Joins LA Times Business Staff

He finished in 60^th place at the World Series of Poker last summer and came in 4^th place in September's California State Poker Championship. Stuart Pfeifer may not be a big

Submitted by Jagajeet Chiba on, Mon, 02/02/2009 - 14:21

Recession Has No Effect on 2009 Super Bowl Betting: Records Broken

There was a bright spot heading into this new week amidst what is otherwise a dark abyss known as the world economic meltdown. The 2009 Super Bowl has been deemed a success despite an economic re

Submitted by C Costigan on, Mon, 02/02/2009 - 10:17

Super Bowl Gambling Often an Introduction to Online Websites

Sportsbook.com and BetUS.com appear to be reaping the rewards of a mainstream press fixation with Super Bowl gambling. Both websites offer creative bet options and the necessary means for publici

Submitted by C Costigan on, Sat, 01/31/2009 - 16:31

2009 Super Bowl Betting Not Hurt by Financial Crisis

Slightly more money was brought in on this year's multi-million dollar Super Bowl ad spots than last year, the parties are still taking place and of course 2009 Super Bowl betting will go on as it

Submitted by C Costigan on, Fri, 01/30/2009 - 14:53

Super Bowl Betting in Las Vegas Big as New Year’s Eve

Few events draw bigger crowds to Las Vegas than the Super Bowl and the betting frenzy that coincides with it - not to mention the huge parties. Celebrities descend upon Vegas in droves this weeke

Submitted by C Costigan on, Fri, 01/30/2009 - 13:59

Recession Hitting the Poker World? Tom Dwan Durr Broke

The other day AintLuck.com reported on Todd Brunson, son of the poker legend, Doyle Brunson, running into some finan

Submitted by Ace King on, Thu, 01/29/2009 - 21:03

Betting Market Asks: Davos World Economic Forum Matter?

As business and political moguls hobnob at the five-day Davos junket we will measure whether many of those who presided over blunders in business

Submitted by on, Wed, 01/28/2009 - 12:03

UK Online Gambling Operators: Tax is Horribly Wrong

European online gambling website operators will enjoy a huge advantage over their rivals in the UK according to a report in UK Marketing Week.

Submitted by Jagajeet Chiba on, Wed, 01/28/2009 - 10:15

Financial Crisis Hits Todd Brunson Investments Hard

It never seems to end and some of us here at Gambling911.com have concerns this is just the tip of the iceberg. Financial problems have reportedly hit the son of poker legend Doyle Brunson.

Submitted by Ace King on, Tue, 01/27/2009 - 12:45

Hilton Las Vegas Hopes Super Bowl Betting Boosts Economy

Hilton sports book executive director Jay Kornegay told the Las Vegas Sun that there are more than 300 such wagers on the Hilton's sheets this year.

Submitted by C Costigan on, Mon, 01/26/2009 - 10:56

U.S. Economy: States Can Ill Afford to Lose Their Lotteries

In this time of serious economic crisis in the U.S.

Submitted by C Costigan on, Mon, 01/26/2009 - 09:49

Playboy Problems Not Stopping With Online Poker Room

The closure of Playboy's online poker room last week appears to be just the tip of the iceberg.

The famed company warned investors that it will take a write-down of goodwill and other charges amounting to more than $100 million, resulting in a net loss for Q4. The magazine publisher also expects a $4 million charge on cost-reduction initiatives, which will include an unspecified number of job cuts. The company will also fold its New York office according to reports.

"Who knew sex was a bad business to be in?" asks Belinda Luscombe of Time Magazine.

Submitted by Jagajeet Chiba on, Sun, 01/25/2009 - 22:51