Business/Financial
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.
Paddy Power Profits
DUBLIN - (Reuters) - Irish bookmaker Paddy Power (PAP.I) said sports results so far this year had gone its way and Internet
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.
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
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.
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
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.
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.
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 Gambling911.com website, chimes in on the economic crisis in Greece and why he thinks America
MGM Mirage, Sands Corp Report Earnings
MGM Mirage released earnings for the first quarter of 2010 prior to the Stock Market opening Thursday morning.
Las Vegas Sands Corp to Announce 1st Quarter Results
Las Vegas Sands Corp.
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
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, SportOdds.com and SuperOdds.co.uk businesses into one entity, known as Centrebet.
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 intrade.com were betting th
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
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...
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.
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.
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:
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
