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.

Submitted by Aaron Goldstein on, May/31/2010

Spain in Pain

Spain's credit rating was cut as government efforts to reduce debt would weigh down economic growth.

Submitted by Payton on, May/30/2010

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

Submitted by Guest on, May/26/2010

Oil Spill Betting Highlights Environmental Catastrophe?

Ireland's largest bookmaker, Paddy, is hopeful that their recent offering of Gulf of Mexico oil spill betting will help to highlight the recent ca

Submitted by Aaron Goldstein on, May/26/2010

Greeks First to Leave Euro?

Paddy Power are taking bets on which country will be first to jump ship on the beleaguered Euro.

Submitted by Payton on, May/24/2010

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

Submitted by Aaron Goldstein on, May/21/2010, Up For Sale

Two of the hottest domain names are up for sale: and

Bankrupt company Escom LLC is putting on the auction block. According to bankruptcy law, Escom is able to sell off its assets free of liens and other burdens. is conducting the auction.   Escom bought the domain name for a whopping $14 million, the highest amount ever paid for an Interet domain name.

Submitted by Aaron Goldstein on, May/21/2010

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

Submitted by Guest on, May/21/2010

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.

Submitted by Aaron Goldstein on, May/20/2010

Paddy Power Profits

DUBLIN - (Reuters) - Irish bookmaker Paddy Power (PAP.I) said sports results so far this year had gone its way and Internet

Submitted by Guest on, May/18/2010

Ladbrokes CEO Promises Turnaround

Ladbrokes new CEO Richard Glynn has promised a swift turnaround for his company following news of a 6 percent drop in net revenue. Glynn joined the company in last month.

"In recent times the strength of our brand has diminished. In online and offline areas, we feel the need for Ladbrokes to regain its primacy," CEO Richard Glynn told the Wall Street Journal "We will be looking at every area of the business. We will be leaving no stone unturned," Mr. Glynn said, without elaborating.

Submitted by Guest on, May/14/2010

Bwin Takes Hit With Online Poker

The popular Austrian betting firm Bwin reports it witnessed a 17 percent drop in revenues from its online poker room (called Bwin Poker).  Bwin is part of the Ongame network, which itself has seen

Submitted by Aaron Goldstein on, May/13/2010

City Center Las Vegas Continues to Struggle

MGM Mirage's CEO stated that despite operating losses and a write-down on its CityCenter joint venture, the casino operator has solid plans to attract more customers to struggling Las Vegas.

The company's plans have long centered around CityCenter, the $8.5 billion complex of resorts, restaurants, entertainment, retail shops and a casino it built with Dubai World, which opened in December. And state and local leaders have looked to CityCenter as a must-see attraction that will provide jobs and renewed motivation for visitors to come.

Submitted by Payton on, May/11/2010

Microgaming Announces Joint Venture with 888 Holdings

Microgaming, the world's largest provider of online gaming software, has announced a joint venture with 888 Holdings plc which, subject to the necessary licence approvals, will deliver a French Pok

Submitted by Guest on, May/11/2010

Unemployment Up to 9.9%: Betting Market Grim Forecast

The economy added a net 290,000 jobs but that didn't stop unemployment from going up to 9.9% from 9.7% last month.

Submitted by Aaron Goldstein on, May/07/2010

Sabotage Not Ruled Out In Wall Street Plunge: Bettors React

President Obama has not ruled out sabotage in Thursday's shocking near 1,000 point loss on the Stock Exchange after rebounding later in the day.

The president announced Friday morning that a full review is being conducted, and Gibbs said Obama is waiting to hear the results of a review before ruling out what might have caused it, including the possibility of sabotage, The Hill reported on Friday afternoon.

Submitted by Aaron Goldstein on, May/07/2010

Greece Economic Crisis: Why US Faces Big Fat Greek Bankruptcy

Wayne Allyn Root, the 2008 Libertarian Party Vice Presidential nominee and frequent contributor to the website, chimes in on the economic crisis in Greece and why he thinks America

Submitted by Wayne Allyn Root on, May/06/2010

MGM Mirage, Sands Corp Report Earnings

MGM Mirage released earnings for the first quarter of 2010 prior to the Stock Market opening Thursday morning. 

Submitted by Aaron Goldstein on, May/05/2010

Las Vegas Sands Corp to Announce 1st Quarter Results

Las Vegas Sands Corp.

Submitted by Guest on, May/04/2010

Macau Gambling Revenue Hits Record

(Reuters) - Gambling revenue in Macau in April surged 70 percent from a year earlier to a record, Royal Bank of Scotland (RBS) (RBS.L) said, underscoring sustained growth in the world's largest and

Submitted by Guest on, May/04/2010

William Hill to Bid for Centrebet

The United Kingdom's second largest bookmaker, William Hill, is looking to acquire Australia's second largest privately held bookmaker, Centrebet.

Centrebet originated from Alice Springs, Northern Territory and was the first bookmaker to be licensed in Australia in 1993 and the first bookmaker to go online in the Southern Hemisphere. Centrebet was acquired by its biggest domestic rival, the SportOdds Group in 2003 for the sum of AUD$46.55 million. In 2005, SportOdds merged its Centrebet, and businesses into one entity, known as Centrebet.

Submitted by Aaron Goldstein on, May/02/2010

Financial Odds: Which Nation Will Drop The Euro First?

Greece and now Spain look to be in some serious trouble.  A total of 3837 people at were betting th

Submitted by Alejandro Botticelli on, May/01/2010

William Hill Gets Online Sales Boost

(Reuters) - Britain's second-biggest bookmaker William Hill (WMH.L) said it had made an encouraging start to the year, boos

Submitted by Guest on, Apr/29/2010

Marina Bay Sands vs. James Packer’s City of Dreams Macau

The land based casino wars continue to heat up, and 'Our James'... Australian James Packer is in the thick of the action.

Packer's Crown Casino faces increased competition down under in Australia from Sydney's revamped Star City, and now Sands has opened in Singapore, in a move that insiders say will lure whales and dolphins away from Crown Macau, but don't underestimate the loyalty to Packer. Many have bet against the Aussie - Asia Pacific casino king before and lost. Media Man and Gambling911 with the story...

Submitted by Greg Tingle on, Apr/28/2010

Harrah’s: Online Poker Could Bring in Billions

BEVERLY HILLS (Reuters) - Gary Loveman, chief executive officer at Harrah's Entertainment Inc, sees few signs of a recovery in Las Vegas, but believes U.S.

Submitted by Guest on, Apr/27/2010

Crown Casino Plays Restaurant and Hotel Card

Crown Casino king James Packer and his 'World Of Entertainment' empire have been telling folks that they're in the tourism, lifestyle and entertainment business for a few years now.

Submitted by Greg Tingle on, Apr/22/2010

Bet365 3rd Fastest Growing Profit of Private UK Companies

According to the Sunday Times PricewaterhouseCoopers Profit Track 100 league table, privately held Bet365 is the third fastest growing private company in terms of profit.

From EGR Magazine:

Submitted by Alistair Prescott on, Apr/22/2010

Steve Wynn Mulls Move to Macau

(Market Watch) - Wynn, during an interview Wednesday to promote the launch of Encore Macau, told CNBC he is looking at shifting the company headquarters to Macau, without providing

Submitted by Guest on, Apr/21/2010

PartyGaming and Bwin to Merge This Summer

(Reuters) - Online gambling groups PartyGaming and Bwin, long the subject of merger speculation, will complete a deal this summer, an Austrian magazine reported on Friday without citing sources.

Submitted by Guest on, Apr/16/2010

Sportingbet to Move up from Aim

By Pan Kwan Yuk

Financial Times UK

Submitted by Guest on, Apr/15/2010

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