Gambling News

Pendula: ‘If Zynga Stock Gets Nailed, I Intend to Add Aggressively to My Position’

All eyes are on Zynga later this afternoon (July 25, 2012) as that popular social gaming firm is set to release its financials.

June Gambling Revenue Flat in Mississippi

JACKSON, Miss. (Associated Press) - Mississippi's casino revenues were basically flat in June, as a recovery at gambling halls along the Mississippi River barely made up for losses on the Gulf Coast.

Overall revenue rose less than 1 percent from June 2011, to $186.9 million, according to Mississippi Department of Revenue figures released Tuesday. Statewide revenue was basically flat with May, down less than $150,000.

In June, the 12 coastal casinos won a total of $89.9 million from gamblers, down 4.3 percent from the $94 million that they won in June 2011.

Zynga Earnings May Surprise Wednesday: Investors Eagerly Await Las Vegas Sands Numbers

Wednesday July 25, 2012 will be a big day in the world of gambling stocks as investors eagerly await earnings reports from both Zynga and the Las Vegas Sands. 

Gambling Sector Anxiously Awaiting Las Vegas Sands 2012 Q2 Earnings Wednesday

Sheldon Adelson’s Las Vegas Sands (LVS) earnings report for 2012 Q2 was to come out on Wednesday, expected after the market closes. 

Early forecasts from Wall Street call for an 11 percent increase in earnings per share, to 60 cents while revenue is expected to jump almost 19 percent for $2.783 billion.

Feds Say Georgia Casino Boat Allowed Illegal Gambling

Russ Bynum, Associated Press

SAVANNAH, Ga. -- (Associated Press) - Federal prosecutors say the owners of a Savannah-based casino boat owe the government nearly $7 million earned from illegal gambling in state waters off Georgia and South Carolina.

An indictment unsealed Monday in U.S. District Court charges the general manager of Diamond Casino and two of his boat captains with operating an illegal gambling business. Prosecutors say Diamond Casino's cruise boat routinely allowed gambling in state waters between July 2010 and last November.

Zynga to Report Earnings on Wednesday: Online Poker Could Provide Big Boost

Yesterday, Gambling911.com reported on how Zynga was already in the process of negotiating “real money” platforms for its uber popular Texas Hold’em online poker game.  On Wednesday (July 25, 2012), the company is set to report earnings. 

Richard Tisei Could Become First Openly Gay Republican in Congress With Tierney Loss

One of the more interesting outcomes of a John Tierney loss in Massachusetts could be that the first ever openly gay Republican gets elected to Congress.  And Tierney’s job is far from secure following ongoing allegations he knew of his two brother-in-laws “illegal” gambling business based in Antigua. 

Absolute Poker Exec Brent Beckley Gets 14 Month Prison Sentence

NEW YORK (Reuters) - An owner of Absolute Poker, one of the three largest Internet poker companies, was sentenced to 14 months in prison on Monday after admitting to deceiving banks over the processing of gambling proceeds.

Brent Beckley, 32, joined Costa Rica-based Absolute Poker in 2003 and became its head of payment processing. Last December, he pleaded guilty in Manhattan federal court to conspiring to break U.S. laws against gambling on the Internet. He also pleaded guilty to a charge of conspiracy to commit bank fraud and wire fraud.

South Point Poker Would Move Away From Zen Gaming Network: Launch Planned for Fall

South Point Poker anticipates being the first “real money” intrastate online poker site in the US with a launch expected by fall. 

Zynga Gets Bids to Offer ‘Real Cash’ Online Poker

GTECH G2 and Playtech confirmed to have submitted bids to provide the social giant Zynga Poker with a real cash online poker platform, according to eGaming Review Magazine Monday. 

Last week, Zynga founder Mark Pincus (pictured) confirmed the social media firm was exploring “real money” online poker ventures.

London Olympics 2012 Betting Odds – Bookmaker Offers 315 Options

Bookmaker.eu was offering 315 plus different betting options on the upcoming London Olympics 2012 with odds on such events as Men’s Basketball, Men’s and Women’s Volleyball, Water Polo, Badminton, the Triathlon, Soccer, just to name a few.  Bets can be placed here with qualified new customers receiving up to US$500 in FREE CASH.

Revenues Way Up at 32Red: Will Enter Italy Market

Shares at 32Red have risen 3.3 percent, valuing the company at £30 million following an upbeat forecast of full year revenues. 

Its first half revenues rose 50 percent to to £16.5 million.  The Gibraltar-based betting firm, backed by Gervais Williams’ Diverse Income Trust, says it plans to launch online gambling websites in the lucrative Italian market. 

Mass Congressman John F. Tierney Under Fire for Dining at Antiguan Bookie’s Home

“Dinner at my wife’s brother’s house. I don’t think that people would think that’s extraordinary,” Massachusetts Congressman John F. Tierney said at a recent news conference.

That is unless your brother-in-law just happens to be Bobby Eremian, one of the first men to set up an offshore sports betting company on the island of Antigua where Tierney and his wife were invited guests. 

South Carolina Man Arrested for Killing Wife, Gambling Associate

Columbia, S.C. – (Associated Press) - Investigators say they have charged a man with killing his wife and his colleague in a gambling business in his upscale suburban Columbia home.

Richland County Sheriff Leon Lott said 42-year-old Brett Parker turned himself in Friday after two murder charges were filed more than three months after the killings.

Lott says Parker shot his 44-year-old wife, Tammy, then picked up another gun and shot 46-year-old Brian Capnerhurst on April 13. Arrest warrants say Parker then tried to make it look like he was being robbed.