US Financial News
US Financial News and Odds on the US Economy
Atlantic City Revenue Drop Biggest in 30 Years
(Reuters) - Atlantic City casinos revenues dropped by a record margin for the second straight month in March, officials said on Thursday, as the recession and competition from other states cut gamb
CAC Amsterdam Prolonged Hangovers From Fewer Sponsored Parties
All those fine CAC Amsterdam reports began popping up this week - about 7 days after the world's largest online casino affiliate event had ended. Marc Lesnick, the conference organizer, stated th
James Packer Could Still Prove a Savior to Las Vegas
JAMES PACKER will be reviewing Las Vegas gaming revenue for the second time in five months, though he might be disturbed by what he sees.
Allen Stanford Expects to be Indicted in Two Weeks
International financier and Antigua's biggest banker, Allen Stanford, said in an interview Monday that he anticipates being indicted within the next two weeks. Stanford cried, denied and threaten
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.
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).
Federal Lawsuit Filed to Legalize Sports Betting in New Jersey
It's a battle state lawmakers have been fighting for some time, and today a federal lawsuit was filed in hopes of legalizing sports betting in all 50 states.
Obama: No Stimulus Money For Vegas Casinos
A provision related to the federal stimulus bill makes it clear that Las Vegas casinos are not to receive any of the money.
Could Full Tilt Poker Buy a Vegas Casino?
Much of the talk over the past few years has related to a Las Vegas casino property such as MGM or Harrah's purchasing an already established online poker firm the likes of
World Series of Poker Sponsor Harrah's Cash Flow a Problem
Earlier in the week, Gambling911.com reported on how MGM was in serious financial peril. Now comes word that World Series of Poker sponsor, Harrah's, may not be able to fund its debt.
Vegas Looks to Compete With Online Gambling Sites: American Idol, Oscars
The state of Nevada has come to the realization that they are missing out on some of the biggest betting events of the year. While Las Vegas sportsbooks capitalize on the Super Bowl and the curre
Wayne Root: Obama Insults Small Business Owners
2008 Libertarian Vice Presidential candidate and one time sports service consultant, Wayne Allyn Root, is a small business owner.
2009 March Madness Will Test Vegas Economy, Online Websites
While online sports betting seems to be up over last year, the Las Vegas economy has been hard hit. Vegas like many event-oriented cities is counting on the 2009 March Madness to help give a much
Allen Stanford Booted Off Billionaire List
Allen Stanford, All Stanford, the Texan accused of an $8 billion fraud by U.S.
Las Vegas Economy: Total Train Wreck
The effects of a bad economy are hitting Las Vegas like a multi-pronged attack. As people find their disposable income dwindling, tourism and gambling are at an all time low in Sin City.
March Madness Contests Will Prove Major Draw During Recession
One of the biggest betting periods of the year is about to get underway with the start of 2009 March Madness. For many of the online gambling sites, the lure will be March Madness contests, many
Gambling News: Federal Probe Into Alabama Attorney General’s Office
Reports surfaced on Monday that federal prosecutors were investigating Alabama Attorney General, Troy King, along with his possible connections to gambling.
King apparently has threatened to shut down some electronic bingo operations while allowing others to stay in business. He claims to oppose gambling but believes that "some electronic gambling machines are allowed under constitutional amendments that authorized the bingo operations."
Credit Default Swaps Were The Worst Form of Gambling From Wall Street
In an interesting piece appearing in Market Oracle, that site pretty much makes it clear that Wall Street was gambling when it came to those so-called Credit Default Swaps:
Unemployment Rate To Go Above 9 Percent This Year Say Gamblers
The online prediction markets are saying that unemployment in the United States could go above a staggering 9 percent by year's end.
Ron Paul to Appear on CNN D.L. Hughley Breaks The News
Everybody's favorite 2008 Republican Presidential candidate, Ron Paul, will be appearing this Saturday night on CNN's D.L.
Barney Frank Wants Prosecutions, More..
Congressman Barney Frank, who would like the Unlawful Internet Gaming Enforcement Act overturned as part of his extensive effort to stabilize the banking sector, outlined his agenda for the month o
Las Vegas Casinos to Be Nationalized?
With Las Vegas casinos drowning in a sea of debt, it may only be a matter of months before they are all bank owned.
BetCRIS Boss Dire(rhea) Advice to Belagio Hotel: I Hope You Go To S***!
The Las Vegas economy is hurting. We all know this. But one online gambling exec had this piece of advice to offer up:
"The Bellagio can go to s***!" BetCRIS boss, Mickey Richardson, lashed out when discussing the state of the economy with Gambling911.com this weekend. He can care less that the famed Las Vegas property has had to slash its rates in order to compete with other strip hotels. "If that's a five star hotel, the rating system is seriously skewed."
Sands Casino Enacts Own Stimulus Package
Despite the Las Vegas Sands (LVS) stock closing at a sputtering $2.28 a share on Friday, the company has blazed ahead in the face of financial adversity with a stimulus package of it's own: job cre
Legalized Sports Betting Would Mean $30.6 Billion for US Economy
There is much talk this week about legalizing online gambling and in particular sports betting, which would account for a $30.6 billion figure as part of a PriceWaterHouseCoopers 2007 industry fore
Oscar Betting a Hit: Ratings Up
The 2009 Oscars provided quite a betting revenue boost for online gambling websites. The event is traditionally the 3rd most wagered on of the year and that probably won't change in 20
MGM Mirage, Bally’s, Wynn, Harrah’s Lose Out During Tough Times
Las Vegas is hurting during these rough economic times. Hotels on the strip have drastically slashed room rates in an effort to compete.
