Gambling Companies
Gambling Companies, Gambling Stocks
NASCAR, DraftKings Daily Fantasy Deal, Pennsylvania DFS Bill
Gambling911.com’s sister site DFS911.com has all the latest news on the recent NASCAR deal with daily fantasy site DraftKings.com along with a bill drafted in the
Amaya, 888 Holdings Battle it Out for Bwin.Party: $1.5 Billion on the Line
Amaya Gaming, the parent company of PokerStars, jumped into the bidding war for struggling online gambling firm Bwin.Party.
Struggling as it may, Bwin.party remains one of the most sought after betting companies in the world.
Rival GVC announced its intention to bid for Bwin.party last week.
Online Gambling Company GVC Holdings Makes Bid for Bwin.Party
Online gambling company GVC Holdings Plc said it had submitted a bid for rival Bwin.Party Digital Entertainment Plc , which announced in March it was looking for potential suitors.
GVC Holdings Chief Executive Kenneth Alexander had told Reuters in March that "something like" Bwin.party would be of interest to the company.
Bwin.party also said they are still in negotiations with a number of third parties as well.
Beatty: Sports Betting is a Game of Skill Like Daily Fantasy Sports
Bill “Dangerfield” Beatty, a stand up comedian who writes for the gaming news site CalvinAyre.com, this week brings up an interesting point: Essentially, if daily fantasy sports and online poker are really “games of skill”, how can sports betting not be?
Amaya Quarterly Results Boosted by PokerStars Acquisition
(Reuters) - Canadian gaming company Amaya Inc, the owner of online gambling sites PokerStars and Full Tilt, reported a massive jump in revenue and an adjusted profit on Thursday, on the back of its pivot to focus on the burgeoning online gambling market.
Montreal-based Amaya, which transformed itself in 2014 after it acquired PokerStars and Full Tilt through a $4.9 billion buyout of Rational Group, has been selling or spinning off its non-core assets over the last few months.
StockBattle.com Fantasy Trading Site Shuts Its Doors After SEC Threat
StockBattle.com, a fantasy trading site based on the daily fantasy sports contest business model, has been forced to shut down following a warning by the Securities and Exchange Commission.
Jerusalem Post: Adelson Alleged Ties to Chinese Mafia Could Spell Downfall
Casino magnate, GOP megadonor and staunch supporter of the Israeli state, Sheldon Adelson, found himself in a Nevada court last week defending accusations of Chinese Mafia ties. At once point during the testimony, questions were even raised as to whether the casino chairman had knowledge of a failed beheading plot.
MLB Commish Rob Manfred on DFS: ‘Need to be Competitive in That Space’
Speaking at Kauffman Stadium, home of the Kansas City Royals, newly appointed Major League Baseball Commissioner Rob Manfred spoke candidly about his league’s decision to partner up with daily fantasy sports firm Draftkings. He also discussed the prospects of legalized sports wagering.
Adelson Poll Shows Three Quarters of Those in PA Reject Online Gambling
Casino magnate Sheldon Adelson, whose Sands Casino in Allentown, PA is the state’s most successful, funded a poll that found nearly three quarters of Pennsylvania’s residents oppose online gambling.
Adelson stands in staunch opposition to legalizing Web gambling at the federal level and has helped draft legislation that would prohibit the activity.
MGM Resorts Q1 Profits Up 65 Percent: Beats Wall Street Expectations
LAS VEGAS – (Associated Press) - MGM Resorts International posted a profit of $169.9 million, or 33 cents a share, in the quarter that ended March 31. That was up 65 percent compared to the same time a year ago and easily beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 14 cents per share.
Mondogoal.com Goal: To Be the World’s Top Destination for Fantasy Soccer
ISLE OF MAN -- It looks like deja vu for this tiny island off the coast of England that used to be a British territory but is now an independent nation.
A decade ago, some of the biggest online poker sites flocked here to set up shop.
Gambling laws were lax, the location was remote and the semi-air of British authority gave the poker sites a feel of legitimacy.
DraftKings NASCAR Rumors in Full Throttle Ahead of Indy 500
A Gambling911.com source has revealed that NASCAR will be the next professional sport to enter into a sponsorship deal with a daily fantasy sports company. The leading suitor is said to be DraftKings.
One only needs to explore the NASCAR properties to notice how popular daily fantasy sports is becoming among race fans.
And this news should shock anyone who has been following NASCAR industry news in recent weeks.
Sportsbooks Come Out on Top With Mayweather-Pacquiao Fight
It was billed as the “Fight of the Century” and certainly lived up to all the hype, at least where the gambling world is concerned.
Mayweather-Pacquiao Most Popular Bets: Fight Shatters Online Records
Carrie Stroup here with your Mayweather-Pacquiao fight most popular bets – those that were seeing the most wagering action at Sportsbook.ag.
Betting on the Mayweather Pacquiao Fight to Exceed $60 to $80 Million
Experts predict that betting on the much ballyhooed Mayweather Pacquiao fight will range between $60 and $80 million. And that’s only in the state of Nevada.
Current Line on the Mayweather-Pacquiao Fight: Wiseguy-Bookie Cat and Mouse
The current line on the Mayweather-Pacquiao fight as of Friday morning was coming in at -195 for Mayweather and +165 for Pacquiao.
Betfair Account Recovery System Flaws Raise Alarms
Betfair, Europe’s largest betting exchange, has reassured its customers that it is fixing issues uncovered with its account recovery system.
A major security flaw was detected by users in recent days.
Poker Site Owner DFS Critique: ‘Like Crack Dealer Warning About Fen Phen’
Many a daily fantasy sports player has taken issue with Americas Cardroom CEO Phil Nagy’s recent critique about the dangers of the Daily Fantasy Sports (DFS) sector.PokerFuse.com interviewed Nagy recently, who warned that many of these new daily fantasy sports websites will likely go under by year’s end and players wrongfully believe that most are regulated. They are not.
Scroll Down For More..
Ex-Wife of Wynn Won’t Stay on Board of Wynn Resorts
LAS VEGAS (Associated Press) — Elaine Wynn failed Friday to win re-election to the board of Wynn Resort Ltd. — the casino-hotel company she co-founded with ex-husband Steve Wynn — a development that ended a feud over the issue.
Shareholders who had to decide between re-electing Elaine Wynn or agreeing with a company recommendation to re-elect two other sitting board members ultimately sided with the company.
Finding your way around online gambling
Online gambling has been an Internet phenomena ever since 1995, when the first online casino launched featuring 18 games, what may seem silly now was groundbreaking back then. Rapid growth ensued shortly thereafter, resulting in a vast expansion of online casinos and Sportsbook web sites – individually and combined. The industry grew to over tens of billions in profits, and not surprisingly so, placing bets at the convenience of your home at a time where the Internet was hitting its stride was quite a desirable quality of life transformation.
FanDuel Gets Naming Rights on Floyd Mayweather Trunks
The world leader in daily fantasy sports, FanDuel.com, announced this week it has purchased the naming rights to none other than Floyd Mayweather’s trunks. He will have them on full display during his highly anticipated May 2 bout with Manny Pacquiao.
As part of the deal FanDuel will award six tickets to the welterweight fight at the MGM Grand in Las Vegas.
Goodell Addresses Daily Fantasy Sports, Gambling and the NFL
NFL Commissioner Roger Goodell addressed the Associated Press Sports Editors group Friday on a number of topics, including daily fantasy sports and the role gambling may play in the National Football League (NFL).
In particular, Goodell referenced a number of sponsorship deals between individual NFL franchises (and other professional sports teams) with daily fantasy companies the likes of DraftKings and FanDuel.
From the Canadian Press:
BetMayor Casino Complaints: Gambling Company Confiscates $51,000 From Player
A player has reported that BetMayor Casino has confiscated $51,000 in winnings after that individual went on a two-month hot streak, winning 87% of the nearly 40,000 hands.
William Hill Reports Record Weekly Loss in January
The United Kingdom’s biggest bookmaker revealed it lost £14m in January after a series of what it referred to as "customer-friendly" football results.
Shares were down 3.3 percent in Thursday’s midafternoon trading as a result. Some of that was recovered by Friday.
FanDuel Enters Into Deal With 15 NFL Teams
NEW YORK — (Associated Press) - Nearly half of the teams in the NFL have signed sponsorship deals with FanDuel, the daily fantasy sports website.
The announcement of 15 football teams on Wednesday adds to the roster of professional sports sponsorships for FanDuel. It already had a deal with the NBA, which received an ownership stake in the company, and seven pro basketball teams. Major League Baseball and the NHL have deals with a competitor, DraftKings.
Las Vegas Sands Misses 1st Quarter Earnings: 34 Percent Drop in Profit
LAS VEGAS — (Associated Press) Las Vegas Sands Corp. CEO Sheldon Adelson said he knew what question was coming: when would the steady and steep decline in the world's most lucrative gambling market hit bottom?
A corruption crackdown that has shaken up the up-until-recently skyrocketing gambling business in Macau, China has sped swift drops in revenue and activity there.
Yahoo! to Enter Daily Fantasy Sports Sector
Long established in the world of season-long fantasy sports, Yahoo! CEO Melissa Mayer announced this week that the multinational Internet corporation and search engine powerhouse will be entering the real money daily fantasy sports market this summer.
New Credit Card Merchant Number May Boost State Online Gambling Acceptance
Since New Jersey legalized online gambling in the Garden State over a year ago, one of the biggest obstacles has been the low acceptance rate of credit cards.
Many of the major banks have blocked nearly all forms of Web gambling transactions in recent years, failing to discern between "legal" (the NJ sector, fantasy sports, horse racing and state lotteries) and the "illegal".
TopBet Slow Payouts Complaints Blamed on Processing Issues
A series of slow payouts complaints related to three-year-old Manila-based online sportsbook TopBet.eu have begun filing in to the industry monitoring site SportsBookReview.com, prompting concerns from sports bettors. Update: April 25, 2015 - Some affected players report receipt of payments
PokerStars Parent Company Rational Group Appoints Zynga Exec
The parent company of the world’s largest real money online poker room has hired an executive of the world’s largest free-to-play online poker site.
