Business/Financial
US Government Signs Pact with Internet Domain Body
* Pact draws praise from lawmakers companies, governments
* ICANN will be subject to periodic reviews
888.com Looks to South Africa
Online gambling group, 888.com, is looking to capture the lucrative South Africa market through its Dragonfish division. A joint venture with South Africa's Tsogo Sun Gaming Group and will help t
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
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
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.
888.com 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.
Packer May Target U.S. Casino Assets, Citigroup Says
Sept. 8 (Bloomberg) -- Australian billionaire James Packer may seek new U.S.
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
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
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.
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.
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.
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
Newspaper Industry Could be Saved by Online Gambling
How's this for some "out of the box" thinking?
Ladbrokes Profits Drop: Moving Online Unit to Gibraltar
By David Altaner
888.com 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
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
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.
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
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.
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".
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.
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 Gambling911.com 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.
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.
Antigua Police Arrest Bank Regulator Tied to Stanford
By Evan Perez, www.wsj.com
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
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.
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
