US Financial News
US Financial News and Odds on the US Economy
Betting on the World Economy: Bank Warns of Global Collapse
Société Générale is advising its customers how to deal with a possible financial collapse in the global market.
MGM to Report Financial Results Thursday
Investors are regaining their interest in casino and hotel companies now as they sense that the economy is turning around.
Las Vegas Economy is Scary
The Las Vegas economy is showing signs of further deterioration, as unemployment continues to climb.
The department's latest data show records of 13.3 percent joblessness statewide and 13.9 percent in Las Vegas in September, and the building sector leads the way in job loss. Contractors added 48,000 jobs statewide from 1997 to 2007, and they've shed 50,000 positions since the recession began in December 2007.
Betfair will offer U.S. pools overseas
By Matt Hegarty, Daily Racing Form
Phil Hellmuth vs. Harrah’s and the World Series of Poker
World Series of Poker record bracelet holder Phil Hellmuth is not exactly happy with the tournament these days or the folks who run it, Harrah's.
Hellmuth spoke to French media about how Harrah's new online poker website could damage the WSOP. The site will not be available to US customers at the onset. Harrah's announced a partnership agreement with the strong European brand, 888.com earlier last month.
Poker Pages Pulling The Plug
One of the most popular and comprehensive sources on the Internet for news and information about the game of poker is pulling the plug.
On itself.
Poker Pages (www.pokerpages.com), which among other things provides one of the poker world's best online databases of professional poker players' updated tournament earnings, posted a notice on its website Thursday announcing its own demise.
Is Harrah’s Buying Planet Hollywood?
The Las Vegas Review Journal is reporting that Harrah's is buying Planet Hollywood, or at least its debt. Analysts, however, believe that this move could be the precursor to Harrah's outright p
Packer May Target U.S. Casino Assets, Citigroup Says
Sept. 8 (Bloomberg) -- Australian billionaire James Packer may seek new U.S.
Luck Runs Out on Vegas Boom
Michael A. Hiltzik and Ashley Powers, Los Angeles Times Staff Writers
College Football Betting: Bookies Make Out Like Bandits
In what was arguably the best showing for online bookmakers and the Vegas shops of any College Football season opener, the public lost nearly every game this past weekend. The carnage was enoug
Online Poker Mac OS X Version for Apple Users Released
This September, UltimateBet ("UB") is set to unleash its new Mac-compatible online poker client, providing Mac players everywhere with unparalleled access to the much-loved games and feat
PartyGaming Claims US Legal Issues Gave It Advantage
PartyGaming's settlement of its US liabilities has given it an advantage over rivals in the consolidation of the online gambling market, according to Jim Ryan, chief executive.
The operator of PartyPoker followed up its $105m (£64.4m) settlement with the US Department of Justice in April with a £72m cash purchase in July of online bingo website Cashcade from Independent News & Media, beating a bid from 888. It paid £12.3m for the World Poker Tour.
PokerStars - Revision
ISLE OF MAN, UK, AUGUST 26, 2009 - A number of recent commentaries have included estimates about our market share in the US which are significantly wrong.
Massachusetts - Gambling in Near Future
Although the details are fuzzy, Massachusetts officials see gambling in their state in the near future.
Trump Casinos Post $443 Million Loss
Donald Wittkowski, Press of Atlantic City
ATLANTIC CITY - Trump Entertainment Resorts Inc., currently in the midst of an ownership fight between Donald Trump and corporate bondholders, fell to a huge loss in the second quarter, reflecting the lower value of two of its three casinos.
The company reported a net loss of $443.1 million, or $13.97 per share, compared to a net loss of $29.8 million, or 94 cents per share, in the same quarter last year.
Hard Rock Hotel, Atlantic City Casinos Continue to Hurt
The recession is still taking its toll on the casino industry. Atlantic City in particular is getting decimated.
Newspaper Industry Could be Saved by Online Gambling
How's this for some "out of the box" thinking?
States Want Legalized Gambling, Sports Betting Now
With the recession and individual states hurting for ways to make money, over the next several months right into 2010 we will be reading a lot here at Gambling911.com about states wanting to get in
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
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
Stations Casino Files for Bankruptcy
Las Vegas-based Station Casinos Inc. filed for bankruptcy protection Tuesday, making it the latest casualty in the recession-wracked gambling industry.
Zookz.com Record Industry Pirating Result of UIGEA
Here is an interesting spin on the current state of the record industry and pirating downloads.
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
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
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.
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".
New Jersey Economy Can Be Helped by Sports Betting
The state of New Jersey desperately needs a boost to help its troubled economy... and so too does its Governor, Jon Corzine.
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.
British Open Betting a Cure for the Recession Blues?
The British Open ranks as the most bet on event in the United Kingdom. The popular golf tournament begins Thursday July 16.
