Gambling Companies

Gambling Companies, Gambling Stocks

Gambling Companies Could Leave Costa Rica if Taxed

Following news over the past two weeks that the Government of Costa Rica is considering taxing online gambling firms operating in that country, operators have told Gambling911.com they would leave

Submitted by C Costigan on, Mon, 08/03/2009 - 04:56

William Hill Profits Likely Down Over Last Year

William Hill, the United Kingdom's second largest bookmaker, is expected to announce interim results on Tuesday.

Analysts believe that profits at both William Hill and rival Ladbrokes (scheduled to announce results itself on Thursday) will be down over last year. This is due to bad weather causing a number of race meeting cancellations during the month of March. Likewise there were few surprises with May's football results.

Analysts' concensus sees pre-tax profits of £133m for William Hill.

Submitted by Jagajeet Chiba on, Sun, 08/02/2009 - 22:53

William Hill to Gamble on Bigger Gibraltar Future

Rumours are circling in the UK that one of the nation's largest bookmakers is set to move some of its crucial operations to Gibraltar.

Submitted by on, Sat, 08/01/2009 - 23:57

Wynn Resorts' 2Q Profit Plunges but Beats Forecast

LAS VEGAS - (Associated Press) - Lower gambling revenue and continuing costs of opening its newest casino, Encore at Wynn Las Vegas, punished Wynn Resorts Ltd., but the 91 percent drop in profit it

Submitted by on, Fri, 07/31/2009 - 08:32

MGM Refocuses on Macau

(Bloomberg) -- MGM Mirage, with the smallest casino market share in Macau, said it's overhauling operations and marketing at its venture in the city to boost the company's revenue

Submitted by on, Fri, 07/31/2009 - 04:53

Online Poker News: Pitbull Poker Fight Gets Ugly

An article appearing on the Gambling911.com website this week involving Pitbull Poker and allegations that the online poker room is somehow using a "super user" account to manipulate play

Submitted by Payton on, Thu, 07/30/2009 - 10:49

Playtech Boss Dating Leonardo DiCaprio Ex

Bar Rafaeli, former girlfriend of Leonardo DiCaprio, is now reportedly dating Teddy Sagi. He is the founder of online gambling software firm. Playtech, and the 30^th richest man in Israel according to Forbes Magazine. She is among the hottest models in Israel and appeared on the cover of the 2009 Sports Illustrated Swimsuit issue.

Submitted by Jordan Bach on, Thu, 07/30/2009 - 00:48

William Hill, Ladbrokes Lose Turf TV Legal Fight

The Court of Appeal has dismissed a case brought by Britain's leading bookmakers against the operators of half the country's racecourses over the screening of live race coverage.

Bookmakers William Hill, Ladbrokes and Bookmakers' Afternoon Gaming Services had claimed that Turf TV, run by Alphameric Gaming and Racecourse Media Services Ltd (RMS), itself owned by companies representing 31 of Britain's 59 racecourses, was the product of an illegal cartel under both UK and European competition law.

Submitted by on, Thu, 07/30/2009 - 00:40

Stations Casino Files for Bankruptcy

By TAMARA AUDI, www.wsj.com

Las Vegas-based Station Casinos Inc. filed for bankruptcy protection Tuesday, making it the latest casualty in the recession-wracked gambling industry.

Submitted by on, Wed, 07/29/2009 - 01:20

William Hill Prepares for Tax Fight, Move Off Shore

William Hill is understood to be ready to move its online sports and phone betting operations offshore within the next few weeks.

The betting giant already has a division based in Gibraltar for its online gaming operations and recently moved about 90 staff there and to its other offices in Malta, Israel, Bulgaria and the Philippines as it positions itself for the international market.

A company source said any plans to move to an offshore location would be determined by company strategy rather than tax reasons.

Submitted by on, Thu, 07/23/2009 - 19:36

Bill Would Tax Costa Rica Based Online Gambling Sites

Every few years the Costa Rican government comes up with a novel plan to either tax or license online gambling firms operating in that Central American nation. Each time, the attempt has failed.

Submitted by C Costigan on, Thu, 07/23/2009 - 10:26

Playtech Warning Hits William Hill

Gaming stocks are taking a pasting after a gloomy update from Playtech, which supplies software to the gambling industry.

Playtech's shares have slumped 93p to 359.25p - a 20% decline - as it said it expected full year earnings to be lower than expected. It said this was partly due to the general economic weakness, but in particular to a slower than expected start for its online betting joint venture with William Hill. Playtech took a 29% stake in the business last October.

Submitted by on, Tue, 07/21/2009 - 10:17

Online Poker: Bodog Fights Off Betfair

With Betfair's cherished sponsorship of the World Series of Poker Europe heading into its third year, the otherwise powerhouse company has had a tough time translating this affiliation into a succe

Submitted by C Costigan on, Mon, 07/20/2009 - 17:54

PartyGaming Buys Rival

PARTYGAMING yesterday confirmed that it has clinched a £100m deal for the owner of bingo website foxybingo.com, Cashcade.

Submitted by on, Mon, 07/20/2009 - 11:43

Woo Interviews Harrah’s Interactive Entertainment CEO Mitch Garber

I recently had an opportunity to sit down with the CEO of Harrah's new division, Harrah's Interactive Entertainment. His name is Mitch Garber and if the name rings a bell, it probably should. F

Submitted by C Costigan on, Wed, 07/15/2009 - 04:34

Mitch Garber: Harrah’s Won’t Make Same Mistakes MGM Made Online

In an interview to be published on the Gambling911.com website Wednesday, Harrah's Interactive Entertainment's new CEO, Mitch Garber, reassured that his company's move into the European online gamb

Submitted by on, Tue, 07/14/2009 - 04:48

Aristocrat Leisure Appoints New Executive Team

Gaming machine maker Aristocrat Leisure has announced a new executive team, and the retirement of two current senior executives.

Submitted by on, Mon, 07/13/2009 - 21:12

Absolute Poker Signs Lacey Jones

Less than two weeks after bringing poker superstar Matt Vengrin on board as its newest pro, Absolute Poker's pro lineup is looking hotter than ever.

Submitted by on, Mon, 07/13/2009 - 21:06

World Poker Tour Up For Sale Reports Wall Street Journal

The Wall Street Journal on Monday featured a story that claimed "It was a good bet that the World Poker Tour is up for Sale".

Submitted by on, Mon, 07/13/2009 - 20:54

Odds Look Good For Gamblers

Javier Espinoza, Forbes.com

LONDON -- Despite warmer weather and tough economic conditions, sofa spuds are still playing high rollers in virtual casinos. On Thursday online gaming firm PartyGaming, reportedly a takeover target of Nasdaq-listed rival Gigamedia, saw a jump in shares as much a 7% after it said trading in the second quarter has been robust with revenues in line with the first quarter.

Submitted by on, Sun, 07/12/2009 - 22:36