Business/Financial
Playtech’s Share Price Dips, Announces Acquisition
(Reuters) - Shares in Playtech (PTEC.L) dip 1.8 percent to 411 pence after Numis cuts its rating on the online gambling softw
Does a Twitter a Day Mean Apple Will Pay?
With the Holiday Season upon us, speculation regarding tech gift sales are at an all time high. With that in mind, the odds specialists at the largest most successful sportsbook on the web, BetUS.com posted odds on what is in store for Apple in 2010 including angles on a potential Twitter buy-out, Steve Jobs' role and much more. "We always see a lot of action on holiday sales around this time of year," stated BetUS.com spokesman Reed Richards. "And interestingly enough, the trend has been that people like to bet on Apple.
Binions Closing Las Vegas Hotel, Casino Remains
LAS VEGAS - (Associated Press) The owner of an iconic downtown Las Vegas hotel that hosted the World Series of Poker for 34 years will close the property's hotel rooms, coffee shop and keno operati
Las Vegas Sands Eyes Japan, Thailand
HONG KONG (TheStreet.com) -- Las Vegas Sands(LVS Quote) is eyeing further expansion
Las Vegas Rebound Riding on $8.5B CityCenter
LAS VEGAS - (Associated Press) - Sin City is pinning its biggest bet ever - $8.5 billion - on a 67-acre, six-tower complex of striking hotels, gourmet restaurants, swank shops and a single casino t
Youbet Churchill Downs Deal May Not Go Through
At least five different shareholders of the horse racing website YouBet.com Inc. have expressed disillusion over a proposed merger with Churchill Downs, Inc.
Charles Proctor of the Los Angeles Business Journal reports that these individuals have filed lawsuits in Los Angeles Superior Court alleging that Churchill Downs is underpaying for the Burbank-based company.
Sands China Down 10 Percent
HONG KONG, Nov 30 (Reuters) - Sands China's (1928.HK) weak stock market debut in Hong Kong on Monday signals a lack of investor appetite for a casino gaming company with a high valuation and an unc
Dubai Debts Fears Hit Casino Industry
Fears over Dubai's announcement that they will be delaying payment of debt has hit casino stocks. News broke on Friday that a possible debt default at Dubai state-owned conglomerate Dubai World D
BWIN and 888 Dismiss Takeover Reports
eGaming Review Magazine is reporting on Friday that Austrian-based BWIN and online gambling giant 888.com have dismissed acquisition talks. Rumors have b
Betting on the World Economy: Bank Warns of Global Collapse
Société Générale is advising its customers how to deal with a possible financial collapse in the global market.
Trump Creditors Poised to Take Control of Atlantic City Casinos
Nov.
Las Vegas Stripper Mobile Raises Safety Concerns
A Las Vegas Stripper Mobile has commissioners up in arms.
Pacquiao/Cotto Fight Could Help Vegas Economy
It's the fight everybody has been waiting for: Pacquiao/Cotto will pack them in.
Churchill Downs to Buy Youbet.com for $126.4 Mil
(Reuters) - Racetrack operator Churchill Downs Inc (CHDN.O: Quote, Profile, Research, Stock Buzz) agreed to buy Youbet.com Inc (UBET.O: Quote, Profile, Research, Stock Buzz) in a deal valued at $12
PartyGaming Gets Ready for Return to US
ONLINE gaming group PartyGaming said yesterday it had completed the acquisition of the World Poker Tour brand, positioning itself for a return to the US market when legislation allows it.
Bookie Pounded by Punters
Punters got the better of bookmaker Stan James last year with the chain showing a £285,800 loss against a profit of £2.8m in the previous year.
Liverpool Boots Ladbrokes With Online Sportsbook 188Bet
Asian online sportsbook operator 188Bet has replaced the United Kingdom's largest bookmaker as sponsor for Liverpool FC according to reports.
MGM to Report Financial Results Thursday
Investors are regaining their interest in casino and hotel companies now as they sense that the economy is turning around.
Las Vegas Sands Loses $123 Mil in Third Quarter
Las Vegas - Associated Press - Casino operator Las Vegas Sands Corp.
World Poker Tour Acquisition Offer
Mandalay Media, Inc. (OTC Bulletin Board: MNDL) today announced that it has
submitted a proposal to the Board of Directors of WPT Enterprises, Inc.
Bodog Europe Could Buy Tote
Victoria Bates of City AM reported exclusively on Thursday that Bodog Europe is lining up to potentially by the Tote, just weeks after the government put the bo
Betfair, William Hill Going to Enter India
By James Thompson
Tuesday, 27 October 2009
Britain's biggest betting companies are bidding for the first online gambling licence in India to gain a slice of the country's $60bn (£37bn) betting market. The high-street bookie William Hill, along with internet players Betfair and Bwin, are bidding for the internet licence in the Himalayan state of Sikkim in early September. A decision is expected in the next two weeks.
Government Doesn’t do Much for Wynn … or Does it?
By J. Patrick Coolican, www.lasvegassun.com
William Hill Profits Unaffected by Football Results
British bookmaker William Hill said profit expectations at its retail business had been unaffected by a run of punter-friendly football results.
Cryptologic Warns of Revenue Drop
Online gambling software firm Cryptologic has said it expects to report a 31 percent year-on-year fall in the third quarter of 2009 with revenue dropping to US$9.6 million from US$14 million last y
PartyGaming Confident About 3rd Quarter Revenue Rise
LONDON, Oct 15 (Reuters) - Online gambling firm PartyGaming (PRTY.L) said on Thursday it was confident about its full-year prospects, having made a strong start to the fourth quarter.
PartyGaming said its total revenue rose 11 percent to $112.7 million in the third quarter from the previous quarter, despite it normally being a weak period for the industry as players take their summer holidays.
Casino revenue climbed 2 percent to $49.2 million.
Impact of Recession Worse on Bookies Than Expected
Much of the news in the world of bookmaking by week's end dealt with the impact of a worldwide recession. It's been said that the gambling industry for the most part is recession-proof. We lear
Sportingbet Plans to Join Main London Market
Aim-listed Sportingbet is preparing to move up to the main market, having recovered from the disastrous impact of the effective ban on online gambling in the US in 2006.
Andrew McIver, chief executive, said the move to the main market was prompted by Aim's under-performance over the past year. "In bull markets, Aim does pretty well but if you think the recession is going to last some time, Aim is going to get unduly punished."
Sportingbet hopes to widen its shareholder base when it graduates to the main market within the next six months.
