Newspaper Industry Looks to Online Gambling to Boost Profits

Mainstream newspapers in Australia and the United States are starting to plug into the streets paved with gold - online gambling, following the lead from our United Kingdom based media mates.

Media Man and Gambling911 probe the situation in an Aussie - Yankee double investigation, with earlier indicators showing that newspapers are seeing the "green", following the money trail to gambling, be it in AUD, USD, GBP or monetary other denominations.

Submitted by Greg Tingle on, Apr/15/2010

Steve Wynn Divorce Among Most Expensive

Steve Wynn's $1 billion divoce may be the most expensive ever, at least according to Wynn.  He and his wife Elaine split their 38 percent stake in Wynn Resorts Ltd.  Elaine walked away with $955

Submitted by Guest on, Apr/15/2010

Betfair Closer to IPO

We haven't seen many IPOs in the online gambling sector in recent years.  That may be about to chance as Betfair reportedly prepares to go public.

Betfair has hired Morgan Stanley director Mark Brooker as head of strategy, according to EGR Magazine. It is the first in a series of anticipated moves prior to the potential £1.5bn flotation.

Submitted by Alistair Prescott on, Apr/15/2010

Donald Trump Gains Control of Casinos

Donald J. Trump is hoping the third time will be the charm.

As it prepares to exit bankruptcy court for the third time, Trump Entertainment Resorts and its three Atlantic City casinos will be under the control of Mr. Trump and bondholders after a court ruling on Monday.

Submitted by Guest on, Apr/13/2010

Wynn Terminates Philadelphia Deal

A Foxwoods Casino in Philadelphia?  It's not happening.  At least Wynn will no longer be part of the project.

Wynn Resorts, Limited (NASDAQ: WYNN) announced Thursday that Development Associates, LLC, and certain other of its wholly owned subsidiaries have terminated all agreements and negotiations with respect to a potential investment in the Foxwoods Casino project in Philadelphia, PA.

Submitted by Guest on, Apr/08/2010

British Bookmakers Victorious Last Week

The British bookmakers breathed a respective sigh of relief this past week and were £45million richer thanks to Cheltenham and odds-on Kauto Star tumbled out of the Gold Cup.

Submitted by C Costigan on, Mar/22/2010

Virgin Games Hunts for New Ad Agency

LONDON - Virgin Games is on the hunt for an agency to handle its UK advertising business

Submitted by Guest on, Mar/20/2010

Gambling: MGM Partner Said to Have Organized Crime Ties

The MGM Mirage is trying to sever its ties with MGM Grand Macau, claiming that the later's co-owner, Patsy Ho, is "financially dependent on her father, casino magnate Stanley Ho."  Addit

Submitted by Alejandro Botticelli on, Mar/18/2010

Playtech Helped by William Hill

Online casino software powerhouse Playtech reported a 70 per cent rise in full-year profits, boosted by its joint venture with the United Kingdom's second largest bookmaker, William Hill.

Submitted by Guest on, Mar/17/2010

March Madness Office Pools Costs Employers $1.8 Billion

Most work places this week have partaken in the annual ritual of setting up March Madness office pools while the more savvy employee uses his or her Web-enabled phone to

Submitted by Alejandro Botticelli on, Mar/17/2010

Dollarization in Costa Rica? Good Bye Beloved Colon

The online gambling hotbed of Costa Rica may want to consider abandoning its much beloved colon in favor of the US Dollar. 

Submitted by Alejandro Botticelli on, Mar/17/2010

MGM To Leave Atlantic City Over Questions About Ho


Submitted by Guest on, Mar/12/2010

Betfair US Boss Gerard Cunningham Out

eGaming Review Magazine is reporting that Betfair US Head

Submitted by Guest on, Mar/12/2010

Merge Poker Signs on Yet Another Online Poker Room

Merge Gaming today announced that, has joined one of the fastest growing poker networks in the world.

Submitted by Guest on, Mar/08/2010

Tiger Woods Camp Rejects Online Gambling Offer

Following recent international media coverage of Paddy Power's negotiations with IMG to sponsor Tiger Woods, the company confirms that its initial offer cov

Submitted by Jagajeet Chiba on, Mar/05/2010

Sands Singapore to Open Next Month

SINGAPORE - US gaming giant Las Vegas Sands said on February 24 its casino project in Singapore will open on April 27, months behind the original schedule of late 2009.

Submitted by Guest on, Mar/04/2010

Donald Trump vs. Karl Icahn in Atlantic City

While the rest of the world gets ready for the upcoming Pacquiao vs.

Submitted by Jagajeet Chiba on, Mar/04/2010

Carl Icahn Takes Over Tropicana Atlantic City

(Reuters) - Billionaire investor Carl Icahn has regulatory approval to own the Tropicana Casino Resort in Atlantic City, the New Jersey Casino Control Commission said on Wednesday.

Submitted by Guest on, Mar/04/2010

PartyGaming The Latest to Report Poor 2009 Showing

With Sportingbet a bit of an exception to the rule, online poker's 4th largest network, PartGaming, reported a poor showing in 2009 with numbers down to $135.0 million from $144.2 millio

Submitted by Jagajeet Chiba on, Mar/04/2010

Sportingbet Reports Good News in Online Gambling Sector

With a number of bookmakers reporting poor showings in recent days, Sportingbet has provided a ray of hope on Wednesday.

Submitted by Jagajeet Chiba on, Mar/03/2010

Sands China Revenue up 22 Percent

March 2 (Bloomberg) -- Sands China Ltd., Asia's biggest listed casino operator, said profit rose 22 percent last year as Macau visitors gambled more on card games and slot machines.

Net income increased to $213.8 million from $175.7 million a year earlier, Sands China, which has the second-biggest market share among Macau casinos, said in a statement to Hong Kong's stock exchange today. That compared with the $225 million mean estimate of four analysts surveyed by Bloomberg.

Submitted by Guest on, Mar/02/2010

2009 Bad Year for Bookmakers: Paddy Power Down

Paddy Power is the latest bookmaker to show a slide in profits for 2009, following Ladbrokes a 2

Submitted by Jagajeet Chiba on, Mar/02/2010

William Hill Sees Challenging 2010


LONDON-U.K. betting group William Hill PLC Friday posted a 7% drop in full year profit, slightly ahead of guidance provided in January, and said its 2010 expectations are unchanged as the unusually severe winter weather in the U.K. in January only pushed revenue down 0.6% in the first seven weeks of 2010.

Submitted by Guest on, Mar/01/2010

Virgin Group May Move Into US Online Gambling Market

The Virgin Group continues to expand on the online gambling front as they seek investors to help the company move into newly open markets, according to a report filed by

Submitted by C Costigan on, Feb/27/2010

Sportsbook .com Moves to Merge: 6 Times Growth Expected

The Merge Poker Network just received a serious injection to help in its aggressive growth plans.  

Submitted by C Costigan on, Feb/22/2010

Bing, Yahoo Deal Should Help Online Gambling Sector

Search has helped build the online gambling industry from all the way back when now defunct BetOnSports would bid on the best terms at to now where a coveted top 3 spot on the first page of

Submitted by C Costigan on, Feb/18/2010

America: A Big Fat Greek Tragedy

Wayne Allyn Root, the 2008 Libertarian Vice Presidential nominee and frequent contributor to the website, will be appearing on Fox News Friday.

Submitted by Wayne Allyn Root on, Feb/18/2010

Ladbrokes Falling Profits Symbolic of Failing Economy

It was very bad news for the United Kingdom's largest bookmaker.  Ladbrokes on Thursday reported a 28% fall in profits in 2009.

Submitted by Jagajeet Chiba on, Feb/18/2010

Poker Domain Sells for $1 Million

It's the most money sold for a .org domain name. sold for $1 million this week.

According to

Submitted by Jagajeet Chiba on, Feb/18/2010

Las Vegas Sands Losses Narrow: Macau 80% of Revenue

(Bloomberg) -- Las Vegas Sands Corp., the casino company expanding in Macau and Singapore, reported fourth- quarter earnings that met analysts' estimates as growth in the Chinese gambling market co

Submitted by Guest on, Feb/17/2010

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