Gambling Companies
Gambling Companies, Gambling Stocks
MGM Gets Final Approval for Online Poker License in Nevada
MGM has been approved for its online poker license in the state of Nevada and plans to launch a free-to-play website by March.
Atlantic City Casinos to Reopen Once Governor Lifts Evacuation Orders
As Atlantic City’s 12 casinos economic losses begin mounting, officials still are unsure just when the establishments will be ready to reopen.
Each reported only minimal damage from Hurricane Sandy and will be prepared to reopen once New Jersey Governor lifts the evacuation order. It was not immediately clear when that will occur, however.
Newest Online Poker Room for US Customers Launches: PokerRebel.com
PokerRebel.com, a new online poker room that accepts players from around the world including the USA, launched on November 1, 2012. (see site here)
PokerRebel.com is accepting players worldwide but specifically targets players in Brazil and the US market.
Betable Looks to Take on Zynga: Recruits Three Rivals Including Slingo
Betable has teamed up with three social gaming companies to expand into real money online poker, following rival Zynga’s lead.
Slingo Inc., the maker of bingo and slots titles, will use its UK gambling license and technology to help Betable compete directly with Zynga, the largest of the free-to-play online poker ventures. Zynga last week announced a partnership with Bwin.Party Digital Entertainment Plc.
Unibet Profits Cut in Half as Business Slows for 3rd Quarter of 2012
Unibet gross Winnings Revenue amounted to GBP 43.8 (37.8) million for the third quarter of 2012 and GBP 140.3 (109.7) million for the period January to September 2012.
Profit from operations for the third quarter 2012 amounted to GBP 4.5 (8.2) million and GBP 22.6 (26.6) million for the period January to September 2012. Excluding a one off tax payment of GBP 2.6 million, profit from operations for the third quarter 2012 would have been GBP 7.1 million.
Neteller to Re-Enter US Market With Caesars Partnership
Caesars Interactive announced on Tuesday it has partnered up with Isle of Man-based payment processor Neteller via its parent company, Optimal Payments.
“This is a groundbreaking deal for Optimal Payments and demonstrates our ability to provide real value to globally renowned, land-based gaming operators and their leading brands, as the first step in our strategy to capitalize on the regulated U.S. market.”
Atlantic City Casinos May Reopen Friday Morning Following Sandy’s Wrath
(Reuters) - Hurricane Sandy has silenced the thousands of slot machines and high-rollers who normally crowd the black jack and roulette tables of Atlantic City, but the resort's casino companies wager they could be back in business within days.
The storm that swept up the East Coast of the United States on Monday made landfall near Atlantic City, ripping up several blocks of its famous boardwalk and tearing roofing off casinos and hotels.
Phil Ivey Launches IveyPoker.com: New Social Media Poker Site
Still reeling from his failure to collect from a British casino, poker icon Phil Ivey has launched a new social media poker site, IveyPoker.com. The goal: “Teach the world how to play poker”.
Ivey has enlisted the help of fellow poker pro Greg Merson, who at press time was among three remaining players at this year’s World Series of Poker Final Table.
Atlantic City Casino Workers Union President: ‘I Have Never Seen so Much Water in the Inlet’
Category 1 Hurricane Sandy made landfall just south of the United State’s second largest casino destination of Atlantic City Monday evening. The damage is expected to be significant with much of the city under water. Portions of Atlantic City’s famed boardwalk was also swept out to see.
bwin.party Gaming Platforms to Be Powered by Lightstreamer Real-Time Technology
Weswit, a global leader in real-time web solutions, today announced that bwin.party (LSE:BPTY), the global online gaming company, has re-selected Lightstreamer to power its world-class gaming and betting platforms.
bwin.party, which has millions of customers worldwide and pro forma net revenue in 2011 of EUR816.0 million, will progressively deploy Lightstreamer in its online poker, casino, and bingo product verticals.
Sportsbook Director Michael Colbert No Longer With Cantor Gaming Following Arrest
Robert Hubbell, a spokesman with Cantor Gaming in New York, told the Las Vegas Review Journal that Sportsbook Director Michael Colbert was no longer an employee with Cantor Gaming.
Ad Age: Online Gambling Sites to Drop Billions on Ads, Could Surpass Insurance Companies
The next big boom in advertising, according to a report released by industry trade publication Ad Age, it’s online gambling.
With poker sites already legalized in the state of Nevada with a federal measure now drafted by political power players Harry Reid and Jon Kyl, Ad Age predicts that some $4 billion will be spent on the online gambling sector over the next five years. That's more than General Motors spent in U.S. advertising in 2011.
Alderney to Investigate PinnacleSports.com
The online gambling licensing jurisdiction of Alderney does not want to take any chances following last summer’s debacle with Full Tilt Poker. On Monday it was announced they will now commence an intensive investigation into PinnacleSports.com.
Pinnacle has been implicated by US authorities for its alleged role in a $50 million sports betting ring that netted 25 individuals stateside.
Atlantic City Evacuated Ahead of Hurricane Sandy
With Hurricane Sandy potentially making a direct hit on the United States second largest gambling destination, mandatory evacuations were ordered for Atlantic City's casinos.
Emergency officials said Sunday afternoon's low tide looked similar to that of a typical high tide.
"We have to play the hand we've been dealt and unfortunately this is a bad hand," Mayor Lorenzo Langford told the Associated Press on Sunday.
All Atlantic City casinos were shuttered by Sunday afternoon with the storm expected to ravage the coastal city Monday into Tuesday.
Horseshoe Casino in Cleveland Catering to Asian Americans
Cleveland (Associated Press) — A new northeast Ohio casino is reaching out to gamblers of Asian descent with events tailored to Asian tastes and hosts that handle tasks for those bettors — including arranging for complimentary meals or hotel stays.
The Horseshoe Casino Cleveland is among U.S. casinos catering to the ethnic group. Those players are important to the Ohio casino, where two baccarat tables are regularly packed with players of Asian descent — primarily Chinese — who might spend hours there, The Plain Dealer reported.
Cantor Gaming Being Probed by Nevada GCB Following Arrest of Executive
The Gaming Control Board in Nevada is now focusing on possibly regulatory violations against Cantor Gaming following the arrest of its Sportsbook Director Michael Colbert on Wednesday.
California Online Poker Coalition Dissolves
A coalition of 46 card clubs and Indian casinos is disbanding in frustration over the failure to legalize online poker in the state of California. The Golden State was widely considered to be at the forefront of state legalization for Web poker and it would have provided a lucrative platform as California alone is ranked as the 6th largest economy in the world.
Pinnacle Sports Denies Any of Its Employees Under Arrest: Business as Usual
In a statement issued by Curacao-based Pinnacle Sports, the company has denied any of its officials have been arrested as part of a massive nationwide sting operation that netted the Sportsbook Director of the M Resort, Michael Colbert.
Pinnacle Entertainment 3rd Quarter Loss Narrows
LAS VEGAS (Associated Press) — Shares of Pinnacle Entertainment hit annual highs Wednesday after the casino operator halved its losses for the third quarter and beat Wall Street expectations.
The company lost $358 million, or a penny per share, compared with $790 million, or a penny per share, a year ago. The company took a bigger loss from discontinued operations last year, which cause the per-shares results to even out. Adjusted income per share, which takes out some expenses, sold properties and other one-time items, rose 20 percent to 30 cents per share.
Zynga Partners With Bwin.Party to Offer Real Money Online Poker in UK
(GlobeNewswire via COMTEX) -- Zynga, the world's leading provider of social game services, and bwin.party, the leading international real money gaming operator, today announced an exclusive partnership to offer real money online Poker and Casino games in the UK market. Zynga's UK-based RMG service and bwin.party will launch RMG products including Poker and a full suite of 180 Casino games in the first half of 2013, which include table games such as slots, roulette and blackjack.
Zynga Shares Jump After Company Revenue Beats Expectations
(Reuters) - Zynga Inc raised the lower end of its 2012 earnings outlook after quarterly revenue beat Wall Street's rock-bottom expectations, driving its shares 13 percent higher.
As pressure fell on the embattled "FarmVille" creator to show Wednesday that it has stabilized its spiraling business, the company assuaged investors with a series of minor announcements, from a new deal with British firm bwin.party to offer online real-money gambling in the United Kingdom to a $200 million share buyback plan that would lift its dismal share price.
Despite Shedding European Market, Bodog Poker Close to Cracking Top 10
Earlier this month Bodog Poker announced it will no longer be servicing the European market, citing the regulatory barriers for individual nations and a renewed focus on the Asian market.
Taking this into account, it is somewhat surprising that Bodog appears to be on the verge of cracking the top 10 most trafficked online poker networks in the world according to PokerScout.com, a traffic monitoring website.
EuroClub Network: The Newest Online Poker Network Debuts With Goldbet
Euroclub Network Ltd. announced today that it launched a new online poker network, branded League Network, with its showcase premier customer, Goldbet. The League Network differentiates itself from other poker networks through its focus on entertainment value, balanced player pools across partner sites and higher partner revenues, as sites operating on the League Network will not offer rakeback.
Zynga Lay Offs in Boston, Austin, Japan and Great Britain Leave Hundreds Out of Work
Zynga on Tuesday announced it was laying off 5 percent of its full-time workforce, mostly in Boston and Austin. It will also be shutting down offices in the UK and Japan.
Reuters News Service received a copy of the message to employees, which came a day before third-quarter earnings were to be announced.
"This is the most painful part of an overall cost reduction plan that also includes significant cuts in spending on data hosting, advertising and outside services, primarily contractors," Pincus said in his memo.
Stratosphere Owners Will Have Online Poker Live by December
In an exclusive interview with Alec Driscoll, Director of Gaming Development for American Casino & Entertainment Properties, it was revealed that the established casino operator’s free online poker site should go live by December.
William Hill Online Poker Revenue Down
William Hill, the United Kingdom’s largest bookmaker, reported net poker revenue down 24 percent in the third quarter of 2012. Hill’s online poker platform is tied to Playtech and its iPoker Network, the 2nd most trafficked in the world.
The change is significant compared to last year during the same period.
Sportsbook turnover, on the other hand, was up 27 percent while the casino grew by 2 percent. Bingo was up 6 percent.
MGM to Develop New Casino in Macau
HONG KONG - (Associated Press) — The Chinese arm of U.S. casino company MGM Resorts International signed a land deal Thursday for a new $2.5 billion casino resort in Macau, the world's biggest gambling market, hoping to catch up with the rapid expansion of rival casino operators.
MGM China Holdings Ltd. said it formally accepted a long-awaited land concession contract from the Macau government for a 7.2 hectare (17.7 acre) plot in the Cotai district, an area of reclaimed land that's earmarked for all new casinos in the Asian gambling haven.
Isaac Haxton Joins Team PokerStars
One of the poker world’s smartest, most successful and fearless young talents, Isaac ‘philivey2694’ Haxton has joined PokerStars as the latest member of Team Online. The high stakes pro, who is one of the best known players never to have represented a poker site, has chosen to make PokerStars his home because he believes in what the world’s most popular poker site represents.
South Point Poker Real Money Launch Delayed
Testing delays and ongoing negotiations with Nevada regulators may result in South Point Poker pushing its launch date to December or, quite possibly, the start of the new year.
South Point had hoped to be the first to launch its real money online poker site in the newly regulated Nevada market. South Point Poker will be operated by the South Point Hotel and Casino in Las Vegas.
Three other Web poker ventures are vying to get a much needed jumpstart including rival Station Casinos.
Olympics and Cancelled Horse Races Hurt Ladbrokes Bottom Line
(Reuters) - Blanket Olympic television coverage and canceled horse races in a soggy summer reduced the sums gambled in British betting shops, bookmaker Ladbrokes Plc said on Thursday.
The Olympics in London were hugely popular with Britons but this did not translate into a surge in business for bookmakers, as many of the sports in the Games do not attract large numbers of gamblers.
