Business/Financial
My Thoughts on Casino Mogul James Packer
Media Man, Greg Tingle, has provided Gambling911.com with a few thoughts related to Australian casino maestro James Packer. Mr.
Former Billabong CEO Matthew Perrin Racked Up $1.7 Mil Gambling Debts
Billabong Chief Executive, Matthew Perrin, has left a trail of $28.2 million in unpaid bills to 20 unsecured creditors, according to a bankruptcy filing this week.
The lawyer-turned Web entrepreneur reported racked up over $1.7 million in gambling debts according to The Sydney Morning Herald. His debts include those to Centrebet boss, Con Kafataris ($300,000) and a Flemington bookie, Frank Hudson ($160,000).
Perrin has been in financial distress before, according to the Herald. Ultimately he paid back his debts.
Ireland Bookmakers May Struggle in Midst of Potential Collapse
Much talk has focused on the Republic of Ireland being the most likely to abandon the Euro. Ireland has taken quite a hit in recent months. Could the country become the next Iceland?
The Grasshopper in Amsterdam Does Not Want Americans
Each year, hundreds of chirpy online gambling professionals descend upon Amsterdam to participate in the Casino Affiliate Convention. Gambling911.com of course recognizes that few if anyone will remember anything that was discussed at the conference itself. The event is more of a networking function where friends can gather and do things they might not normally do at home such as smoke canibus and have sex with women on display behind red lit windows.
Las Vegas Art Museum Victim of Economic Recession
When one thinks of Las Vegas, usually the last thing that comes to mind is art. But Sin City does have museums...or...let's rephrase that...DID HAVE MUSEUMS.
The Las Vegas Art Museum, Southern Nevada's first fine-arts museum and one of the city's cultural mainstays since 1950, has become the latest victim of a disastrous economy, according to Ken Miller of the Las Vegas Weekly.
The Museum will close the end of this week.
Jon Kyl Agrees With Barney Frank Regarding Bank Nationalization
Republican Senator Jon Kyl and Democratic House Financial Services Committee Chairman Barney Frank remain on opposite sides of the spectrum when it comes to legalizing online gambling. Kyl calls
Vantis Will be Receivers for Stanford International Bank
The same receivers placed in charge to manage the liquidation of online gambling firm, BetonSports, will now oversee the Stanford International Bank crisis in Antigua.
Bookmaker Weighs in on Big Three Automakers Bankruptcy Odds
BookMaker.com, the leading online gaming and sports book destination, issued lines today on several of the most talked about financial and entertainment stories of the day.
Antigua Freezes Assets in Stanford International Bank
Much as they did when one of the world's largest online gambling firms, BetonSports, shut down under investigation nearly three years ago, the tiny Caribbean nation of Antigua has froze all assets
Antigua Plan of Action to Preserve Financial Stability
ST JOHN'S, Feb 18 (Reuters) - Antigua and Barbuda's minister of finance and economy said on Wednesday the twin-island Caribbean state was scrambling to shore up its banking system after potentially
Allen Stanford Fraud Case Could Mar Online Gambling Hub
The tiny Caribbean nation of Antigua has done most things right. They have cooperated with other international governments in order to ensure their banks were in compliance as a means of cracking
Trump Taj Mahal Files for Bankruptcy Protection
Atlantic City is reeling from the current economic crisis and the landmark of its casino strip, the Trump Taj Mahal, has filed for bankruptcy protection. It is one of three hotel casino operation
Economic Stimulus Package: What Would Jesus Do?
If Jesus had passed an economic stimulus package similar to the one President Obama has proposed, we would still be paying for it. So says 2012 Libertarian Presidential hopeful, Wayne Allyn Root.
Bernard Madoff Scammed Professional Poker Player
A professional poker player who is in the Poker Hall of Fame is among the thousands of investors who were scammed out of money by con man financial manager Bernard Madoff.
California Wants Legislation Making Online Poker Legal
California lawmakers are working to pass a measure that would legalize online poker. The state, which has been among the hardest hit by the current recession, would welcome some already existing
Las Vegas Deep Discounts Make for an Attractive Vacation Spot
It may seem illogical. Head to Vegas and spend money gambling, dining, checking out the shows. But that's what economic stimulus is all about, getting people to spend....just do so wisely. Du
PartyGaming Sees 4th Quarter Results Sluggish
(Reuters) - Online gaming firm PartyGaming (PRTY.L) said on Friday it expects full-year earnings to beat forecasts even as the strong dollar impacted fourth quarter revenue, which fell 18 percent a
Bad Beat Poker Jackpots Winning Big in Bad Economy
It turns out that in online poker winning really isn't everything.
Wells Fargo Cancels Trip to Vegas
After intense pressure in the media, Wells Fargo Bank has decided to cancel a highly publicized trip next month to Las Vegas for employees as part of a gambling excursion. Many charged the financ
Rising Poker Star Joins LA Times Business Staff
He finished in 60th place at the World Series of Poker last summer and came in 4th place in September's California State Poker Championship. Stuart Pfeifer may not be a big
2009 Super Bowl Betting Not Hurt by Financial Crisis
Slightly more money was brought in on this year's multi-million dollar Super Bowl ad spots than last year, the parties are still taking place and of course 2009 Super Bowl betting will go on as it
Betting Market Asks: Davos World Economic Forum Matter?
As business and political moguls hobnob at the five-day Davos junket we will measure whether many of those who presided over blunders in business
Hilton Las Vegas Hopes Super Bowl Betting Boosts Economy
Hilton sports book executive director Jay Kornegay told the Las Vegas Sun that there are more than 300 such wagers on the Hilton's sheets this year.
U.S. Economy: States Can Ill Afford to Lose Their Lotteries
In this time of serious economic crisis in the U.S.
Playboy Problems Not Stopping With Online Poker Room
The closure of Playboy's online poker room last week appears to be just the tip of the iceberg.
The famed company warned investors that it will take a write-down of goodwill and other charges amounting to more than $100 million, resulting in a net loss for Q4. The magazine publisher also expects a $4 million charge on cost-reduction initiatives, which will include an unspecified number of job cuts. The company will also fold its New York office according to reports.
"Who knew sex was a bad business to be in?" asks Belinda Luscombe of Time Magazine.
Las Vegas Sands Corp a Strong Buy
The economy is struggling and Las Vegas we learn is not immune, nor is the Las Vegas Sands Corp, one of the world's largest casino ventures. But with its recent capital infusion and prospects for
UBS Closes All Offshore Accounts of U.S. Clients
ZURICH (Reuters) - Swiss wealth manager UBS AG (UBSN.VX) (UBS.N) is closing all the offshore accounts of its U.S. clients, the bank said on Friday, as it comes under pressure from U.S.
Porn and Other Sin Industries Want Government Bailouts
Sex sells especially in an economic downturn, Sarah Estrella of the Examiner writes.
JetBlue Begins Flights to Costa Rica
The online gambling rich nation of Costa Rica will soon be able to enjoy the JetBlue experience. The Central American nation is the largest employer in the North American Internet gambling sector
Tel Aviv Online Gambling Firms Thrive During Economic Woes
Casino Affiliate Convention organizer, Marc Lesnick, says the Tel Aviv online gambling scene is thriving despite a troubled economy.
