Business/Financial
Las Vegas Sands Corp, Playtech Report Results
The Las Vegas Sands Corp. consolidated second quarter adjusted property EBITDA increased by 91.2% to record $473.5 million on record net revenue of $1.59 Billion.
William Hill “Worst Ever Royal Ascot” Blamed for Poor Profit Margins
William Hill continues to hint at moving its telephone business offshore following dismal results over the past year compared to its online arm.
"Poor horse racing results" led to a 33% fall in net telephone revenue, with a statement from Hills explicitly pointing out: "The board has previously noted the challenge of competing with UK betting exchanges and Irish offshore telebetting operators, all of whom have benefited from significant tax and cost advantages over UK bookmakers. The situation is under active review."
New Jersey Governor Christie Looks To Take Control of Troubled Atlantic City
Station Casinos Group Not Business As Usual
From the Las Vegas Business Press
Boycott BP Facebook Page Deleted: Bookies Back Down Too
Facebook community up in arms over Boycott BP page deletion while online bookmakers stop taking bets on BP oil spill crisis
Whether it was a hack job or Facebook for whatever reason caved in to pressure from BP, the much talked about Boycott BP Facebook page somehow got deleted on Monday. Its nearly 800,000 fans were not all too pleased. A new page was quickly launched with more than 30,000 fans on board in just hours.
Facebook members began the speculation:
Bwin, PartyGaming Merger Talks Still On
Bwin chairman Hannes Androsch claims he was quoted wrong in suggesting that merger talks between his company and PartyGaming had fallen through
PayPal Co-Founder Claims He Is Broke
Once a major player in the world of online gambling payment processing, PayPal was later sold to eBay for $1.5 billion and its co-founder Elon Musk now claims he is broke.
Musk, who cashed out for $200 million, says he invested his last $35 million in Tesla Motors -- just as the company prepares to go public. Tesla Motors is an electric car manufacturer based in the Silicon Valley of California. They recently purchased the former NUMMI factory in Fremont, California, where it will build the Model S sedan and future Tesla vehicles.
Marina Bay Sands Opening Celebration
With a collection of celebrity chefs, leading fashion, nightlife, and luxury spa operators, extreme sports aficionados, and musical stars all on hand, Marina Bay Sands held its Opening Celebration
Las Vegas Economy Hangs by a Thread
A turnaround in Nevada's economy hinges on recovery in the national economy, a university economist stated this week.
Gambling Mogul Predicts 30 Percent Growth in Macau
HONG KONG (AFP) - Gambling tycoon Sheldon Adelson on Saturday predicted huge growth in Macau's gaming market with the economy bouncing back and punters pouring into the city.
The Las Vegas Sands chief told a press conference in Hong Kong, where his Macau unit Sands China was listed in November, that he expected revenue for the second half of 2010 to be up at least 30 percent year-on-year.
"This is not just in comparison with last year, but we also take into account the natural growth of the sector," he said.
BP Oil Spill Odds Released By Gambling Site
BetUS.com is the latest to take a stab at offering odds on the BP oil spill and when it might be resolved in the wake of President Barack Obama's Oval Office speech Tuesday evening.
Las Vegas Sees Slightly More Visitors in April
LAS VEGAS - (Associated Press) - The tourism agency in charge of promoting Las Vegas says Sin City saw a small increase in visitors in April compared with the same month last year.
ESPN Zone Restaurants Go Bust
Most of the ESPN Zone Restaurants will soon be closing. A tough economy is being cited as the cause for these closures.
Greece Told To Get Off Euro: Odds Still Available
British economists have urged Greece to default on its €300 billion (£255 billion) debt in order to save the nation's economy. Greece is essentially being told to drop the euro.
The Centre for Economics and Business Research (CEBR), a London-based consultancy, has warned Greek ministers they will be unable to escape their debt trap without devaluing their own currency to boost exports, according to a Times Online report.
Should Greece choose to do so, experts believe other nations could quickly follow.
Spain in Pain
Spain's credit rating was cut as government efforts to reduce debt would weigh down economic growth.
William Hill Pulls Out of French Online Gambling Market
(Reuters) - William Hill (WMH.L), Britain's second-biggest bookmaker, said it would stop accepting online gambling business from clients in France following the introduction of new gambling laws in
Oil Spill Betting Highlights Environmental Catastrophe?
Ireland's largest bookmaker, Paddy Power.com, is hopeful that their recent offering of Gulf of Mexico oil spill betting will help to highlight the recent ca
Greeks First to Leave Euro?
Paddy Power are taking bets on which country will be first to jump ship on the beleaguered Euro.
Trade of the Week: A Short Bet on Oil?
This past week, Paddy Power Trader featured its Trade of the Week, that being oil. They sugge
Sex.com, Poker.org Up For Sale
Two of the hottest domain names are up for sale: Sex.com and Poker.org.
Bankrupt company Escom LLC is putting Sex.com on the auction block. According to bankruptcy law, Escom is able to sell off its assets free of liens and other burdens. Sedo.com is conducting the auction. Escom bought the Sex.com domain name for a whopping $14 million, the highest amount ever paid for an Interet domain name.
All Bets Off For Leisure & Gaming: Shares Suspended
Italian football fans - and especially followers of José Mourinho's mighty Inter Milan - may have done for Leisure & Gaming, the London-listed bookmaking company, whose shares were suspended t
Markets Tank: Wall Street Stocks Down More Than 2 Percent
It was another nail biter on Wall Street today as stocks fell more than 2 percent.
At press time 2 pm EST, stocks were at 10174.64 -269.73.
