Gambling News
Gambling Shares A Beacon in Tough Economy
While there continue to be few bright spots in the world economy, gambling shares both online and in the Asian gaming Mecca of Macau, continued to defy the trends.
3rd quarter results this past week at major online gambling venues and the introduction of betting exchange Betfair to the London Stock Exchange with an IPO of $2.84 billion have many investors excited.
Betfair Shares Start Off Strong
Betfair’s listing on the London Stock Exchange this past Thursday started off with a bang. The company’s shares rose almost 20pc the very first day of trading.
The 10-year-old company and world’s largest betting exchange is valued at £1.6billion, while co-founders Edward Wray and Andrew Black stand to make £18.9m and £16.6m, respectively, from the flotation.
Australians Comms Minister To Force Big Brother Internet Connection
Australian James Packer Expanding Gambling, Media Interests
America’s Most Wanted: “Murderous” Mother And Son Arrested In Atlantic City
IMG Vice President Admits CEO Bet On Roger Federer Tennis Match
Ted Forstmann Not An Agent To Tiger Woods or Roger Federer Says Rep
The firm representing Ted Forstmann has advised Gambling911.com that he does not act as an agent for either Tiger Woods or Roger Federer.
Previous reports have pointed out that Forstmann is named in a lawsuit that alleges improprieties stemming from “insider gambling tips” provided be Federer. Forstmann had been characterized as “an agent to both sports figures” in the press.
A representative from Sitrick And Company advised:
Online Sportsbooks Get Beaten Badly in Week 6 of NFL: Eagles Save Day
South Carolina Supreme Court To Determine If Poker Is Game Of Skill
A South Carolina Supreme Court is set to hear arguments in order to determine whether poker is considered a “game of skill” or “one of luck”.
The justices will be hearing arguments on Tuesday as part of an appeal of a local judge's ruling that Texas Hold'em is a game of skill, not chance. Circuit Judge Markley Dennis had ruled that poker games in private homes did not violate state gambling laws. His ruling tossed out convictions of five individuals who had been charged with playing poker in a private home game.
South Korean Pop Star Rain Sued in US Over Gambling Debt
South Korean pop icon Rain (real name Jung Ji-Hoon) has been sued in the United States over an alleged US$150,000 gambling debt according to news reports Monday.
US Midterm Elections 2010 Results Interest Internet Gambling Industry
Thomas Jensen, Point-Spreads.com
Lem Banker Ending Career On Down Note
In the end, it's all about the almighty buck.
Especially in the world of gambling.
No Legalized Online Gambling Any Time Soon Says Schneider
Long time online gambling industry advisor, Sue Schneider, has said that the activity will not become legal in the United States, at least not by year’s end.
Bookmaker: Children’s Place, Aeropostale Most Likely to be Bought Out Next
Crown Casino Strike Averted
A CASINO worker strike planned during Melbourne's busy Caulfield Cup has been averted.
Lender HBOS Played Major Role In Lending to Struggling Casino Sector
Former Sportsbook.com Spokesperson Brook Burke in Legal Trouble
Tennis Match Fixing Back In The Spotlight With Roger Federer Allegations
Tennis match fixing is in the news again, this time involving allegations lodged against Roger Federer.
A lawsuit filed this week alleges that Federer provided the CEO of IMG Worldwide with supposed “insider information” related to a match he would be participating in.
Tiger Woods, Roger Federer Management Sued Over Gambling
