Gambling Companies
Gambling Companies, Gambling Stocks
Harrah’s Gets Hit Hard By Economy: 2009 WSOP Hotel Rates Slashed
The world's largest casino operator and owner of the World Series of Poker, Harrah's Entertainment Inc., reported first quarter financial results Monday that showed a further decline in revenue. The company said its revenue had declined 13.3 percent to $2.254 billion in the first quarter. The pinch was felt especially hard in Las Vegas where these numbers were 20.5 percent (down to $686.4 million) while cash flow fell 27.9 percent to $198.6 million.
James Packer’s Crown Casino Gives Up on Las Vegas
James Packer's Crown has ruled out injecting more cash into the stricken US casino development company Fontainebleau Resorts after the US company's banks withdrew financing for a $US3 billion ($4.2
William Hill Intends to Move Jobs Offshore
In a blow to the British government, the number two largest bookmaker, William Hill, has threatened to move approximately 90 jobs in the Internet division offshore.
Bookmakers warned the chancellor, Alistair Darling, before the Budget that increases in gross profits tax on betting would stifle competitiveness, particularly for their online businesses, and force them to consider relocating staff, according to the Financial Times of London.
Last week, Darling increased the GPT on bingo from 15 per cent to 22 per cent.
Pagebet Shuts Down Operations
BOOKMAKERS Pagebet has placed its internet betting business into administration.
Betfair Wants Access to Customer Medical Records
How much is too much when it comes to verifying a customer's identity? The industry standard for online gambling generally involves a copy of one's driver's license and at least one recent utilit
UltimateBet.net Sponsors MMA Magazine Program on Rogers Sportsnet
- UltimateBet.net continues to build strong ties with the explosively popular world of Mixed Martial Arts ("MMA"), as the leading free play online poker site debuts as
Another Gambling Firm Files for Bankruptcy
Evergreen Gaming has filed for bankruptcy it was reported on Tuesday. The Canadian-based firm did so after
Aristocrat completes capital raising
Aristocrat Leisure Ltd says it has completed an institutional placement of about 61.5 million ordinary shares at $3.25 per share to raise $200 million.
Bodog Gets Its Domain Back
After much chest thumping about how Bodog would never cave into so-called "Patent Trolls", the company has reportedly gotten its much coveted Bodog.com domain name back.
PartyGaming in Talks With Rival Gigamedia
ONLINE gambling group Party Gaming is holding talks on a deal with Nasdaq-listed rival Gigamedia.
Massachusetts Looks to Casino Gambling to Fill Coffers
Senate President Therese Murray has brought the casino debate to the table in Massachusetts.
Microgaming Online Poker Network Dukes It Out With Cereus
As Cereus brand, UltimateBet, has its spokesperson, Annie Duke, duke it out with comedian Joan Rivers on this season's Celebrity Apprentice, there is another fight transpiring. It's the fight for
James Packer Sells Family’s Long Term Investment
The Packer family's 26-year involvement in Australia's cattle industry has ended with the finalisation of the sale of its stake in Consolidated Pastoral Company (CPC).
Harrah’s Will Not Utilize Online Poker Software From US-Facing Firms
Harrah's, the Las Vegas casino giant, is looking to get into the online poker market. Sources close to the situation tell Gambling911.com that Harrah's will not be accepting bets from those ind
Sportingbet Founder Mark Blanford Wins Again With Mobile Gambling
He founded one of the most successful online gambling sites,
Bank Sues Crown Casino
The Bendigo and Adelaide Bank claims Crown ignored the fact the pokies addict could not afford to put millions of dollars into the machines.
PartyGaming Former Executive Mitch Garber Joins Harrah’s
Harrah's, which owns the World Series of Poker, has just brought former PartyGaming CEO Mitch Garber on board to head a new company that will handle its online operations. The move has fueled spe
Poker Icons Expands Into Europe, Asia
Poker Icons, a poker agency who represents players like Annette Obrestad, Juha Helppi, Peter Jepsen, Jesper Hougaard, Alex Kamberis, Chris Moorman, Brian Hawkins, John Tabatabai, Soren Kongsgaard h
Microgaming Under Fire for Online Poker Skin Scandal, Grand Prive Mess
The well established and well regarded online gambling software and poker firm, Microgaming, has had its good name dragged through the dirt in recent months.
First, one of the company's online casino brands - the Grand Prive Group - decided to abruptly terminate its "life time agreement" with its affiliates. Grand Prive continues to operate and it still does so from the Microgaming platform apparently.
Now we are learning of an online poker group utilizing the Microgaming network that has just shut its doors.
Will PartyGaming Come Back to the US?
The news that PartyGaming had finally settled with the US Government quickly turned to talk of the company re-entering the US market. Approximately 80 percent of its customer base was from the Un
UFC 97 Sponsorship Confirmed by UltimateBet Poker Room
The world's seventh busiest online poker room, UltimateBet.com, has earned sponsorship rights to upcoming Ultimate Fighting Championship 97 (UFC 97), the company informed Gambling911.com on Tuesday
Stocks Rally Following PartyGaming Settlement Deal
Following news that PartyGaming had settled with the US Government to avoid future prosecution, the online gambling sector, which lost significant market share since late 2006, began to rally on Tu
Dikshit Gets Short End of the Stick
With news announced Tuesday that PartyGaming had entered into a settlement agreement with the US Government to avoid future prosecution, one cannot help but question if co-founder, Anurag Dikshit,
PartyGaming Will Avoid US Prosecution
Online gambling firm, PartyGaming, has clinched a deal with US authorities that would ensure it avoids prosecution according to the Guardian Newspaper on Tuesday.
Crown Casino Won’t be Taking Stake in Las Vegas Project
Australia's Crown Casino has denied media reports that it plans to take a stake in the troubled City Center development in Las Vegas.
Online Poker: Microgaming Poker Moves Into Number 8 Spot
PokerSiteScout.com has now moved Microgaming poker into the number 8 spot of online poker rooms/networks after the long established South African softwa
UltimateBet Latest Poker Room to Take on the UFC
UltimateBet.com, the popular online poker room and world's 7th largest, on Thursday announced a sponsorship deal with UFC fighter and rising wel
Youbet.com extends, modifies stock buyback plan
Online gambling companyYoubet.com Inc. said Wednesday it has extended and modified its stock buyback plan and adopted a shareholder rights plan, something companies typically use
Casino Stocks Up: Wynns, MGM Grand
While the news has been mostly bleak for the land-based casino sector, good news has come this week from Wall Street.
UFC Bans Full Tilt Poker
The world's second largest online poker, Full Tilt Poker, has been banned by the UFC (Ultimate Fighting Championship).
