Gambling Companies
Gambling Companies, Gambling Stocks
Sands Head Sheldon Adelson Furious With MGM, Caesar’s Driving Vegas Room Rates Down
During a quarterly earnings conference call this week, Las Vegas Sands Chairman Sheldon Adelson blasted MGM and Caesar's Entertainment for driving down hotel room rates on the Strip and, thus, cutting into his own company's profit margins.
Adelson accused both casinos of conducting business out of desperation due to some excessive debt.
Caesars owes some $23.7 billion while MGM Resorts is in a $13.1 billion hole.
Beyonce, Rihanna, Others to be Held Hostage by Online Gambling Trade Dispute
The tiny Caribbean island of Antigua is looking to be compensated by the US as part of its $3.4 billion World Trade Organization victory. The two nations have been immersed in a decade-long dispute over Internet gambling.
Huge Traffic Increases Continue at Americas Cardroom After ‘Beast’ Promo
San Jose, Costa Rica –As The Beast Anniversary celebration continues this month at Americas Cardroom with daily $1,000 leaderboard competitions and three more weekly leaderboards worth $5,000 a piece, poker players from all over the US are signing up to take advantage of the cash giveaway in record numbers. Earlier this week, Americas Cardroom became one of the big three online poker sites in the US.
Greece Completes Privatization of Gambling Monopoly
(Reuters) - Greece on Monday completed the sale of a major stake in state-controlled gambling firm OPAP (OPAr.AT) to Greek-Czech fund Emma Delta, a condition of the country's ambitious asset sales program under its multi-billion international bailout.
Athens sealed a deal to sell its 33 percent stake in OPAP to Emma Delta for 652 million euros ($870.52 million) in May but rows among opposing investors over the fees OPAP would pay its partners for technology and printing services delayed the deal.
Hackers Switch to Digital Currency Perfect Money After Liberty Reserve Demise
(Reuters) - Three months after a team of international law enforcement officials raided the digital currency firm Liberty Reserve, cyber experts say criminals are increasingly turning to another online currency called Perfect Money.
Idan Aharoni, the head of cyber intelligence at EMC Corp's RSA security division, said that some online scam artists and thieves are using Perfect Money's digital currency to launder money and conceal profits in much the same way they allegedly did with Liberty Reserve's currency.
Bookie Outsourcing Hits Fever Pitch in Time for 2013 Football Season
Never before have we seen so many bookie outsourcing companies on the Web. This is due heavily to the online sports betting sector’s difficulty in sending funds from offshore.
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The Mirror: ‘Full Tilt Phantom Accounts May Result in Funds Shortfall’
The London Mirror featured a piece on Full Tilt Poker Friday, raising troublesome concerns over whether all players will see their funds.
New Jersey Casino Revenue Down 3.6 Percent: Revel Sees Improvements
ATLANTIC CITY, N.J. — (Associated Press) - An aggressive slot refund promotion helped Atlantic City's newest casino to a banner month in July, but most of the rest of the casinos got off to a cool start as summer heated up.
The casinos won $297.2 million from gamblers in July, down 3.6 percent from $308.2 million last July.
They won $215.5 million from slot machines, and an additional $81.7 million from table games last month.
William Hill Acquires Australian Bookmaker Tom Waterhouse
(Reuters) - British betting giant William Hill Plc (WWHL) has agreed to buy Australian online betting firm Tom Waterhouse NT for up to A$110 million ($100 million) including debt, looking to become Australia's biggest online bookmaker.
William Hill, the world's largest betting agency by market value, has agreed to pay A$34 million up front and assume A$6 million in debt for tomwaterhouse.com, in a country that has the world's biggest gambling habit per capita.
Maryland Casino Revenue up 27.6 Percent With Opening of New Casino
ANNAPOLIS, Md. (Associated Press) — The opening of Maryland's largest casino went a long way to helping the state net nearly $830 million more in lottery and casino revenues in the last fiscal year — a 27.6 percent increase from the previous one.
The increase came despite a drop in traditional lottery revenue for the state from $556 million to $545 million. That money goes to the state's general fund.
Tropicana Casino Teams Up with Jackpotjoy.com Creator for Online Gambling in NJ
ATLANTIC CITY — The Tropicana is the latest Atlantic City casino to line up an online partner to help it offer Internet gambling later this year.
The Trop has joined with Gamesys Limited, which runs the jackpotjoy.com website.
“Gamesys has a proven track record in the UK of providing excellent products and customer service and we look forward to launching Tropicana’s Internet gaming business with them,” said Tony Rodio, the Tropicana’s president.
The Beast Results in 50 Percent Traffic Spike at Americas Cardroom
Sure there are some Beast haters, but the one-year-old isn’t going anywhere any time soon as The Beast has resulted in a 50 percent traffic spike at Americas Cardroom.
Ladbrokes Struggles Continue: Can’t Take the Heat
LONDON (Reuters) - Ladbrokes' customers shunned UK betting shops and the gaming machines inside during July's heatwave, compounding a slide in first half operating profit which underscored the need to build up its online business.
Britain's second largest bookmaker has been less successful than larger rival William Hill in exploiting the growing online market and expanding overseas, making it more dependent on its chain of almost 2,300 shops on British high streets.
Station Casinos Double Digit Growth But Mum on Internet Poker Impact
Station Casinos has announced double-digit growth during the 2nd quarter with a profit increase of 11 percent.
What Station Casinos did not disclose is the impact online poker has had on those numbers.
Nevada, NJ Consider Marriage in Online Gambling Sector After Early Bickering
(Reuters) - MGM Resorts International is working with Nevada officials who are discussing banding together with New Jersey to create a joint online gaming market, CEO Jim Murren told Reuters in an interview.
"I think it's likely that in 2014 we'll see a compact between New Jersey and Nevada," Murren said in an interview following the company's second-quarter earnings call.
New Website Launch for Gambling911.com
Just in time for football, Gambling911.com is launching a new web site that is ultra clean and integrates better with social networking. The content management system is faster, more efficient and will deliver gaming news around the world with a faster load time.
MGM Loss Narrows With Vegas Commitment
(RTTNews.com) - Casino operator MGM Resorts International MGM reported Tuesday a loss for the second quarter that narrowed from last year, as Las Vegas continued to rebound and MGM China reported record results.
Las Vegas, Nevada-based MGM Resorts reported a net loss of $92.96 million or $0.19 per share for the second quarter, narrower than $145.45 million or $0.30 per share in the prior-year quarter. Stripping out one-time items, MGM posted earnings of 4 cents per share.
888 to Bring its Online Gaming Brand to New Jersey
(Reuters) - London-listed 888 Holdings announced plans on Tuesday to launch online poker and casino games under its own brand in New Jersey this year when the state ends a ban on Internet gambling, entering a crowded field.
Internet betting was banned by Congress in 2006, dealing a blow to companies like 888 which had set up in the United States. However, tax-hungry states are now relaxing rules, creating opportunities for European players with years of expertise in the sector.
Lock Casino Adds Five Mobile Slots Games for iPhone, iPad
Lock Casino, one of the most successful online casinos, has unveiled a series of new products including 3D slots and mobile slots.
“The new interactive 3D slots will have movie-like graphics,” Senior Marketing Director Jay Park tells Gambling911.com.
As for the mobile casino platform, players can look forward to this new product offering very soon.
Devices supporting the new mobile online casino slots games include:
• iPhone 4S
• iPhone 5
• iPad 2nd, 3rd and 4th generation
Lock Poker Unveils New Forum to Address Players Directly. Shuts Down Forum on 2+2
Lock Poker has unveiled its own exclusive forum that can be found at the Lock Poker website, Gambling911.com can now reveal.
The new forum will help player issues get resolved much quicker as members will be linked to their actual poker account. This will also serve to eliminate so-called “trolling” and really allow Lock to deal with true player concerns. There is a min GGR requirement for those looking to participate on the new forum.
Cake Poker Rebrands as WinCake.com: Now Offers Sports Betting Online
In a huge industry move Monday, Cake Poker has announced a rebranding to WinCake.com along with news that it will begin offering sports betting, a web browsing format, and a $2 million jackpot casino.
Bwin.party Snatches Up PokerStars Exec Jeffrey Haas
eGaming Review Magazine is reporting that Bwin.party Head of Online Poker Chris Welch will be leaving next month and that his replacement is Jeffrey Haas, an executive from PokerStars, the world’s largest real money Web poker firm.
M Resort Poker Room Closes in Vegas
The M Resort, operated by Penn National, closed its poker room over the weekend after struggling against stiff completion.
The establishment recently hosted the Hollywood Poker Open.
According to USPoker.com, the M Resort typically only hosted one or two cash games on Saturday nights.
Player comps can be redeemed using the iMagine Rewards card anywhere at the resort.
Sportsbook Agent Service: IDSCA.com
The sportsbook agent service IDSCA.com is examined as part of this article.
IDSCA.com offers 24/7 service that is exclusive to the pay per head business. They do not offer post up sports wagering like some of their competitors. This allows IDSCA.comto focus only on providing you and your clients with the best service on the market.
Here are just a few of the many advantages to utilizing IDSCA.com’s sportsbook agent service:
Betting Software – Bookie Call Centers: Reviews for 2013 Football Season
Gambling911.com has your betting software and bookie center reviews for the upcoming 2013 Football Season.
Today we look at IDSCA.com, a company Gambling911.com has had a relationship with for the past three Football seasons.
Sports
Nevada Gaming Revenue Down Nearly 5 Percent in June
CARSON CITY, Nev. — (Associated Press) - State officials say Nevada gambling revenues went down 4.8 percent in June compared with a year earlier.
The Nevada Gaming Control Board released statistics Friday showing casinos won $792 million in June, down from $833 million in June 2012.
Las Vegas Strip winnings of $435 million were down 10 percent year-over-year.
But the situation was the opposite a little further down the road: Downtown Las Vegas winnings of $37 million were up 9 percent.
Full Tilt Poker US Players to be Paid Soon
A US Justice Department Claims Administrator has concluded review of Full Tilt Poker balances and has advised that the payout process should begin shortly.
Ultimate Poker Deals 10-Millionth Hand
LAS VEGAS, NV - Ultimate Poker dealt its 10-millionth hand of real money online poker at 10:22 a.m. PST on UltimatePoker.com after a little over three months of live play.
