Recession Has Little Impact On 2009 US Masters Betting

As with the Super Bowl, Oscars and NCAA Men's Basketball Tournament, traffic results from Gambling911.com once again indicate that a major sporting event has shattered all betting records.  This t

Submitted by C Costigan on,

If Vegas Project Fails It Will Be Like Pearl Harbor

LAS VEGAS (Reuters) - It was conceived as the centerpiece of a thriving Las Vegas -- one of the world's most expensive building projects that would bring back glamour to the Strip and cap an unprec

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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

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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

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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.

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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

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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.

Submitted by Jagajeet Chiba on,

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.

Submitted by Jagajeet Chiba on,

UFC Bans Full Tilt Poker

The world's second largest online poker, Full Tilt Poker, has been banned by the UFC (Ultimate Fighting Championship).

Submitted by C Costigan on,

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.

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Ron Paul on The Economy: Most People Recognize This As A Depression

In Part I of Gambling911.com Senior Correspondent Jenny Woo's sit down interview with Texas Re

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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.

Submitted by C Costigan on,

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

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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. 

Submitted by Jagajeet Chiba on,

Station Casinos Filing For Bankruptcy

Station Casinos Inc.

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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

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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.

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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

Submitted by C Costigan on,

Allen Stanford Booted Off Billionaire List

Allen Stanford, All Stanford, the Texan accused of an $8 billion fraud by U.S.

Submitted by Jagajeet Chiba on,

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.

Submitted by Payton on,

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

Submitted by C Costigan on,

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."

Submitted by C Costigan on,

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:

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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. 

Submitted by Jagajeet Chiba on,

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.

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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

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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.

Submitted by Payton on,

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."

Submitted by C Costigan on,

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

Submitted by Payton on,

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

Submitted by C Costigan on,

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