Business/Financial
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.
Sportingbet to Move up from Aim
By Pan Kwan Yuk
Financial Times UK
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.
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
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.
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.
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.
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.
Virgin Games Hunts for New Ad Agency
LONDON - Virgin Games is on the hunt for an agency to handle its UK advertising business
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
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.
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
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.
MGM To Leave Atlantic City Over Questions About Ho
ATLANTIC CITY, N.J.
Betfair US Boss Gerard Cunningham Out
eGaming Review Magazine is reporting that Betfair US Head
Merge Poker Signs on Yet Another Online Poker Room
Merge Gaming today announced that PokerHost.com, has joined one of the fastest growing poker networks in the world.
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
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.
Donald Trump vs. Karl Icahn in Atlantic City
While the rest of the world gets ready for the upcoming Pacquiao vs.
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.
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
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.
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.
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
William Hill Sees Challenging 2010
By KATHY GORDON, WSJ.com
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.
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
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.
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 Go.com to now where a coveted top 3 spot on the first page of
America: A Big Fat Greek Tragedy
Wayne Allyn Root, the 2008 Libertarian Vice Presidential nominee and frequent contributor to the Gambling911.com website, will be appearing on Fox News Friday.
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.
