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US Financial News and Odds on the US Economy
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.
Mohegan Sun, Foxwoods Launch Ad Campaign Targeting New Jersey
TAMARA AUDI, Wall Street Journal
Gambling Stocks: The Good During This Recession
Alan Farley of the Street.com this week profiled four gambling stocks.
How Internet Gambling is Keeping Wall Street Rich
Using skills honed on the Street, he's turned poker into just one more exotic financial transaction.
Economy Really Affecting 2009 World Series of Poker?
There was great buzz during the initial week of the 2009 World Series of Poker as record participation had been declared for certain events.
Tax Firms Warn IRS Cracking Down on Offshore Monies
Tax firms are now scrambling to comply with stricter regulations that require any clients who maintain monies offshore must file the proper forms and claim every last penny. And this applies to t
Harrah’s Believes They Will Have Success in Online Gambling
MGM tried and failed to enter the online gambling market several years back. Like MGM, Harrah's has planned to start offering its Internet gambling product in Europe where it will compete head on
Fontainebleau Las Vegas in Chapter 11: Ceiling Collapses at Miami Hotel
Fontainebleau Las Vegas, a $3 billion resort project on the Las Vegas Strip, filed for bankruptcy-court protection late Tuesday, the project's owners said.
Harrah’s New Online Poker Unit Coming to Montreal
As first reported on Gambling911.com, Harrah's will be launching a new online unit.
MGM Told to Cut Ties With Macau and Pansy Ho
New Jersey regulators have told MGM they need to abandon a joint venture with Macau and Pansy Ho, accusing the later of being part of an organized crime family.
Harrah’s $1 Billion in New Notes to Pay Old Debts
LAS VEGAS-(Associated Press) - Casino operator Harrah's Entertainment Inc.
Harrah’s Forms Harrah’s Interactive Entertainment to go Online
Harrah's Entertainment, Inc. (Harrah's) announced today that it has established a new subsidiary, Harrah's Interactive Entertainment, Inc.
American Idol Finale Helps Bring Gambling911.com Record Traffic
So far the month of May has been a banner period for the Gambling911.com website, which kicked off with its biggest day since coming online in September 2000. The Kentucky Derby resulted in just
Atlantic City Profits Way Down: Sports Betting a Must
It's more bad news for Atlantic City as the East Coast casino empire witnessed gross operating profits decline by more than 38 percent in the first quarter of 2009.
Judge Might Dismiss Case Regarding Donald Trump’s Net Worth
CAMDEN, N.J. (Associated Press) - Donald Trump is known for putting a positive spin even on news that doesn't seem positive. But there is one way to get him down: Call him a millionaire.
Trump, who says he's a billionaire, is suing the author of a book in which three unnamed sources said Trump's net worth is between $150 million and $250 million. The Donald claims it was malicious, and it hurt his business.
Delaware Governor Speaks About Sports Betting
Delaware Governor Jack Markell spoke on a Sports Illustrated web telecast Tuesday regarding his decision to support legalized sports betting in his state.
Delaware becomes the only state east of the Mississippi River to allow betting on sports after the governor signed the legislation with Markell signing the bill into law this past Thursday.
Obama Refuses to Meet With Nevada Governor
President Barack Obama has refused to meet with Nevada Governor Jim Gibbons and other key business leaders in the state according to news reports.
Governor Gibbons requested the meeting in a letter to President Obama so the President could address statements he made that were critical to Nevada and have caused economic damage to convention business and tourism business, according to Action News 13 out of Las Vegas.
Delaware House Approves Revised Gambling Bill
USA Today reports that the Delaware legislature took the first step toward establishing sports gambling in the state, approving a bill early Friday morning that was opposed by every major sports le
Las Vegas Sands Losses Mount
LAS VEGAS (AP) - Casino operator Las Vegas Sands Corp.
Recession Having Little Affect on Kentucky Derby Online Gambling
Bloomberg News was reporting on Friday that Kentucky Derby betting may fall 30 percent as the worst economy in a generation hits Louisville. Not so with online gambling as Gambling911.com was see
Verizon in Hot Pursuit of Apple iPhone: Odds Posted
Recent frantic reports emerged over the past few days claiming Verizon Wireless' hot pursuit of an iPhone or iPhone like device from Apple in order to compete with AT&T, which has exclusive rig
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 Las Vegas Nightmare Just Got Worse
James Packer's largest investment in the gambling mecca is in dire straits after a US casino development company in which his Crown had invested defaulted on $US800 million in loans.
Marijuana, Online Gambling Good: Personal Financial Management Bad
If Congressman Barney Frank had his way, online gambling and marijuana would be legalized. However, he would not allow personal freedoms when it comes to one's own financial decisions.
Recession Forces Mainstream Media to Reconsider Online Poker Stance
With an understanding that online poker, casinos and sports betting take in several billion a year, mainstream media outlets once opposed to advertising with related venues are now beginning to und
Massachusetts Looks to Casino Gambling to Fill Coffers
Senate President Therese Murray has brought the casino debate to the table in Massachusetts.
Recession Casualty: Elvis Evicted From Las Vegas
The recession is hitting many people and places hard. Las Vegas is among the hardest hit and this week came the shocking news that Elvis Presley (a Vegas icon for years) is now being evicted.
According to the Las Vegas Review Journal, a group of investors who had planned on creating a $475 million Elvis Presley-themed resort on the Strip could be forced to sell the property. The reason:
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
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
