Macau Seedy Casino Industry a Goldmine

In an article published by the Sydney Morning Herald Tuesday morning, it is revealed how Macau's casino industry has flourished despite a worldwide economic crisis.  Gaming revenue has roared abov

Submitted by Jagajeet Chiba on, Sep/21/2009

Is Harrah’s Buying Planet Hollywood?

The Las Vegas Review Journal is reporting that Harrah's is buying Planet Hollywood, or at least its debt.   Analysts, however, believe that this move could be the precursor to Harrah's outright p

Submitted by Jagajeet Chiba on, Sep/15/2009

IAS Becomes Part of Paddy Power

A meeting of shareholders in betting company International All Sports yesterday approved a takeover offer from rival Sportsbet and its majority owner, Ireland's Paddy Power.

Submitted by Guest on, Sep/14/2009 Enters Into Deal With Harrah’s

Sept. 11 (Bloomberg) -- 888 Holdings Plc rose the most since May in London trading after signing a contract with a unit of Harrah's Entertainment Inc.

Submitted by Guest on, Sep/11/2009

Packer May Target U.S. Casino Assets, Citigroup Says

Sept. 8 (Bloomberg) -- Australian billionaire James Packer may seek new U.S.

Submitted by Guest on, Sep/08/2009

Bwin Shares Rise With Move Into Italy

VIENNA, Sept 7 (Reuters) - Austrian Internet betting and gambling operator bwin's plans to raise its market share in the Italian online poker market with an acquisition was cheered by analysts and

Submitted by Guest on, Sep/08/2009

PartyGaming to Buy Most of WPT's Assets

PartyGaming PLC (PRTY.LN) has agreed to acquiring nearly all of WPT Enterprises Inc.'s (WPTE) operating assets, ending a buyout deal the operator of the World Poker Tour had with an investment grop

Submitted by Guest on, Aug/24/2009

Betfair Considers $2.5 Billion IPO

(Bloomberg) -- Betfair Ltd. is considering a 1.5 billion-pound ($2.5 billion) initial public offering, the Sunday Telegraph reported, without citing anyone.

Founders Andrew Black and Edward Wray, who will meet banking advisers over the coming weeks, reconsidered their position on a potential IPO following continued strength in global equity markets, the newspaper said. Betfair declined to comment, according to the Sunday Telegraph.

Submitted by Guest on, Aug/24/2009

MGM Mirage and Chinese Organized Crime

The Daily News has reported that one of six bidders to run a Las Vegas-style video slots emporium in Queens has ties to Chinese organized crime.

Submitted by Jagajeet Chiba on, Aug/24/2009

Ladbrokes Inks Deal With Cryptologic

Monday, CryptoLogic Ltd.

Submitted by Guest on, Aug/17/2009

Trump Casinos Post $443 Million Loss

Donald Wittkowski, Press of Atlantic City

ATLANTIC CITY - Trump Entertainment Resorts Inc., currently in the midst of an ownership fight between Donald Trump and corporate bondholders, fell to a huge loss in the second quarter, reflecting the lower value of two of its three casinos.

The company reported a net loss of $443.1 million, or $13.97 per share, compared to a net loss of $29.8 million, or 94 cents per share, in the same quarter last year.

Submitted by Guest on, Aug/11/2009

What Does Illness of Stanley Ho Mean to Macau?

HONG KONG, Aug 6 (Reuters) - Veteran 87-year-old Macau gaming tycoon Stanley Ho is in intensive care after undergoing brain surgery to remove a blood clot, raising questions over the succession of

Submitted by Guest on, Aug/10/2009

Newspaper Industry Could be Saved by Online Gambling

How's this for some "out of the box" thinking?

Submitted by Jagajeet Chiba on, Aug/07/2009

Ladbrokes Profits Drop: Moving Online Unit to Gibraltar

By David Altaner

Submitted by Guest on, Aug/06/2009 Says It Is Nearing a Purchase

An online gambling company, 888, said Monday that it was close to making an acquisition after strong trading from its casino, bingo and sports betting Web sites led to an improved

Submitted by Guest on, Aug/04/2009

World Poker Tour Sold for $9.075 Mil

WPT Enterprises, Inc.

Submitted by Guest on, Aug/04/2009

William Hill Disappointing Profits

(Bloomberg) -- William Hill Plc, the U.K.'s second- biggest bookmaker, dropped the most since October after the company said full-year betting-shop profit would be lower than analy

Submitted by Guest on, Aug/04/2009

William Hill Profits Likely Down Over Last Year

William Hill, the United Kingdom's second largest bookmaker, is expected to announce interim results on Tuesday.

Analysts believe that profits at both William Hill and rival Ladbrokes (scheduled to announce results itself on Thursday) will be down over last year.  This is due to bad weather causing a number of race meeting cancellations during the month of March.  Likewise there were few surprises with May's football results.

Analysts' concensus sees pre-tax profits of £133m for William Hill.

Submitted by Jagajeet Chiba on, Aug/02/2009

Woo Interviews Harrah’s Interactive Entertainment CEO Mitch Garber

I recently had an opportunity to sit down with the CEO of Harrah's new division, Harrah's Interactive Entertainment.  His name is Mitch Garber and if the name rings a bell, it probably should.  F

Submitted by C Costigan on, Jul/15/2009

Aristocrat Leisure Appoints New Executive Team

Gaming machine maker Aristocrat Leisure has announced a new executive team, and the retirement of two current senior executives.

Submitted by Guest on, Jul/13/2009

World Poker Tour Up For Sale Reports Wall Street Journal

The Wall Street Journal on Monday featured a story that claimed "It was a good bet that the World Poker Tour is up for Sale". 

Submitted by Guest on, Jul/13/2009

New Jersey Economy Can Be Helped by Sports Betting

The state of New Jersey desperately needs a boost to help its troubled economy... and so too does its Governor, Jon Corzine.

Submitted by Jagajeet Chiba on, Jul/13/2009

Smallest Starting Day Since 2003 for a WSOP Event

Has the recession hit the 2009 World Series of Poker?  It sure seemed that was the case after Saturday's starting field attracted the smallest number of participants since 2003. 

873 players took to the table including the likes of friend Doyle Brunson, Amarillo Slim, Greg Raymer, Chris Moneymaker and Chris Ferguson.  That number still surpasses the total who played in 2003, which was 839.  This was also the year that Chris Moneymaker won and helped to kick start today's poker craze.  The following year attracted 2576 players. 

Submitted by C Costigan on, Jul/05/2009

Economy Really Affecting 2009 World Series of Poker?

There was great buzz during the initial week of the 2009 World Series of Poker as record participation had been declared for certain events.

Submitted by C Costigan on, Jun/28/2009

Antigua Police Arrest Bank Regulator Tied to Stanford

By Evan Perez,

Submitted by Guest on, Jun/25/2009

Gambling Shares Up, Sportingbet a BUY

As Prime Minister Gordon Brown continues to cling on to power - despite dismal European election results and further resignations - bookmaker Paddy Power was offering odds of 8/1 that he'll be de-t

Submitted by Guest on, Jun/10/2009

Fontainebleau Las Vegas in Chapter 11: Ceiling Collapses at Miami Hotel

Fontainebleau Las Vegas, a $3 billion resort project on the Las Vegas Strip, filed for bankruptcy-court protection late Tuesday, the project's owners said.

Submitted by Guest on, Jun/10/2009

Harrah’s Bets on Japan, Taiwan Expansion

MACAU, June 2 (Reuters) - Harrah's Entertainment Inc, the world's largest casino operator, is eyeing expansion opportunities in Taiwan and Japan, as it bets on the fast-growing and affluent Asia ma

Submitted by C Costigan on, Jun/02/2009

Harrah’s New Online Poker Unit Coming to Montreal

As first reported on, Harrah's will be launching a new online unit.

Submitted by Jagajeet Chiba on, Jun/01/2009

MGM Told to Cut Ties With Macau and Pansy Ho

New Jersey regulators have told MGM they need to abandon a joint venture with Macau and Pansy Ho, accusing the later of being part of an organized crime family.

Submitted by Jagajeet Chiba on, May/28/2009

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