Gambling Regulators to Select Casino for Lucrative Boston Area License
BOSTON — (Associated Press) - State gambling regulators are set to begin deliberations on awarding the lucrative Boston-area casino license on Monday, even as voters will decide in November whether to repeal the state's casino law, halting the process altogether.
The choices are down to Mohegan Sun's $1.3 billion resort plan for the Suffolk Downs horse racing track in Revere and Wynn Resort's $1.6 billion waterfront casino on the site of a former chemical plant in Everett.
More Trading Activity at Bwin.Party Raises Eyebrows
As first reported by Gambling911.com on Friday, at least one Director in publicly traded Bwin.Party bought shares immediately after earnings. Within a day of those shares purchases, the company started to buy back shares in the open market.
Helmut Kern, Non Executive Director, bought 60,000 shares in the company on the 3rd September 2014, just one day prior, at a price of 92.42p. The Director now holds 60,000 shares.
“On the surface, there should be red flags raised here,” a Gambling911.com source following the unusual trading activity suggested.
NBA Commissioner Changes Stance on Sports Betting
NBA Commissioner Adam Silver believes that legalized sports betting is “inevitable” and that the National Basketball Association should embrace this concept.
Trial Over Raid That Closed Alabama’s Largest Casino Starts Tuesday
MONTGOMERY, Alabama — (Associated Press) - A trial starting Tuesday in Montgomery could determine the future of what was once Alabama's largest casino.
VictoryLand casino in Shorter has been closed since Alabama Attorney General Luther Strange raided it in February 2013.
A civil trial starting Tuesday will determine whether the state can destroy the 1,615 gambling machines seized in the raid and keep the $223,405 in cash that was confiscated.
Strange says the games are illegal slot machines that should be destroyed.
ESPN.com Adds New Betting Guide Section for Sports in Shocking Turnaround
Is 2014 the year the US-facing sports world finally begins to embrace sports betting? It sure seems that way.
Jacksonville Firm Eyes Shuttered Show Boat Casino
ATLANTIC CITY, N.J. (Associated Press) - A Florida company that develops restaurant and entertainment complexes is interested in the former Showboat casino in Atlantic City.
Latitude 360, a Jacksonville company, said Friday the newly closed casino is one of three locations in Atlantic City it is considering for a $20 million project that would be paid for in conjunction with a financial partner. It would not involve gambling.
Company CEO Brent Brown said he has toured the former casino, which closed on Sunday, and has been in talks with its owner, Caesars Entertainment.
4 Mistakes to Avoid When Building Reputation in the Online Gambling Industry
In online gaming – and any other business, little is more important to a company than their reputation. It drives sales, brings in new customers, and allows a business to flourish.
The problem is that many businesses make several mistakes while trying to build their reputation. These mistakes sabotage their efforts, and, in many instances, lead to a reputation that is far worse than the one their company had when they began their public PR efforts.
Atlantic City Scores Gets Over 1000 Job Applicants After Casino Closures
Four casinos have either shut down or are in the process of shutting down in Atlantic City but at least one local business has scored big from these sudden closures.
SCORES Atlantic City, the legendary gentleman’s club, has realized a 40% increase in job inquiries over the past two weeks.
Nearly any position you can think of has witnessed a jump in applications including security, hostesses, bartenders, barbacks, entertainers, and DJs.
Bwin.Party Trading Activity This Week has Some Scratching Their Heads
At least one Director in publicly traded Bwin.Party bought shares immediately after earnings. Amazingly, within a day of those shares purchases, the company started to buy back shares in the open market.
“It’s immoral and unethical for Directors and Management to ‘front run’ a corporate buyback in a matter of hours,” a source tells Gambling911.com.
A la Wikipedia, front running is a practice whereby a stockbroker executing orders on a security for its own account while taking advantage of advance knowledge of pending orders from its customers.
Tierney in Trouble: Backlash Over SOS Gambling Biz Could Still Come Into Play
Democrat Massachusetts Rep. John Tierney is among the more vulnerable incumbents this election cycle. A survey from Emerson College Polling Society gives Tierney 47 percent support among likely primary voters compared to challenger Seth Moulton’s 44 percent. There is a 5-point margin of error.
Remembering Joan Rivers vs. Annie Duke: Poker Pro Mum on Twitter re Death
Doyle Brunson and other poker players have tweeted their respects for the caustic comedian extraordinaire Joan Rivers, who passed away at 81 Thursday afternoon. In the poker community, Rivers is known for appearing along side female poker pro Annie Duke in the 2009 season of “Celebrity Apprentice”, making for one of the better reality feuds on television. She also lashed out at the poker playing community, at one point suggesting they were all tax evaders. But that was just classic Joan.
Trump Plaza Might Try to Keep Betfair Online Gambling Relationship After Closure
(Associated Press) - Two Trump casinos in Atlantic City are in turmoil as the closing of Trump Plaza nears.
Trump Plaza is considering keeping its Internet betting operation online after the physical casino closes Sept. 16, and the Taj Mahal is experiencing money problems.
In a petition to New Jersey casino regulators, Trump Entertainment Resorts says it might try to keep its Internet gambling operation with online partner Betfair going after Trump Plaza closes on Sept. 16.
Comedian Joan Rivers Dead at 81: The Woman Who Beat Up Annie Duke
Perhaps the second most hated female in the world of poker, Joan Rivers, managed to beat arguably the most hated in the world of poker, Annie Duke, in the 2009 installment of “Celebrity Apprentice”.
Americas Cardroom Debuts Groundbreaking $5,000+$100 Cash Game: The Cage
San Jose, Costa Rica – Put your poker chips down and your fists up, America. The blood is about to fly in online poker's fiercest cash game ever. Americas Cardroom today announced The Cage, a no-holds-barred cash game with a time based tournament format where the battle for poker chips is on.
‘Frontline’ to Profile Macau: How Billions of Dollars Make it to the Gambling Tables
The popular and well produced PBS series “Frontline” this month (September 2014) will profile the Chinese gambling enclave of Macau. Watch It Here
Veteran correspondent Lowell Bergman explores how this former Portuguese colony become the gambling capital of the world. And, yes, Macau is bigger than Vegas….way bigger than Vegas.
For November Nine’s Mark Newhouse, WSOP Final Table is Old Hat
The odds of making the final table of the World Series of Poker Main Event--the so-called "November Nine"--are pretty long.
The odds of doing it two years in a row are astronomical.
But that's just what Mark Newhouse, a 29-year-old poker pro from North Carolina who now lives in Las Vegas, has done.
Anti-Web Gambling Crusader Adelson May Buy the US Senate: $100m Up for Grabs
Gambling magnate and GOP mega donor Sheldon Adelson may be looking to try to buy the US Senate. He is spending $100 million of his own cash on the mid-term elections through various untraceable conservative groups, The Daily Beast is reporting.
Undercover in Myanmar's Sin City Where Anything Goes: Casinos Coming Soon?
The BBC last month featured an undercover report detailing Myanmar's Sin City and its “anything goes” mentality that includes the likes of gambling, drugs, prostitution and various black markets. The city even hosts a popular Thai transvestite show.
Gambling Dad Arrested: Admits to Leaving Child in Car While Playing in Casino
Delaware State Police arrested a Maryland man for leaving his 14-year-old daughter in a running car unattended while he gambled inside the Harrington Raceway and Casino.
The incident occurred over the weekend. 26-year-old Justin Middleton of Preston, Maryland was taken into custody. He is charged with reckless endangering and other charges.
Police said the child did not appear to be in any distress and was turned over to a relative.
- Jagajeet Chiba, Gambling911.com
Mass Unemployment Filings in Wake of Atlantic City Casino Closures
ATLANTIC CITY, N.J. (Associated Press) — Hundreds of newly laid-off casino workers began filing for unemployment Wednesday morning, the first attendees at an assistance center that expects to process 5,000 workers over the next three days.
Latin Poker Series se Prepara Para el Cierre del LPS Millions II
San José, Costa Rica – Se aproxima el cierre de uno de los eventos más esperados por los latinoamericanos. El segundo LPS Millions con garantía de USD $1 millón y tan solo $850 de buy-in. Las posibilidades de ganar un paquete cerraron el fin de semana pasado en la red Winning Poker Network. Los últimos "outs" serán en Ciudad de Panamá los días 14, 15 y 16 de Setiembre con los días 1L, 1M y 1N respectivamente.
LPS Millions II Poker Tournament With $1 Million Guaranteed: Limited Time Only
San Jose, Costa Rica – Online qualifiers at the Winning Poker Network for the upcoming LPS Millions are over, but poker players still have a number of outs if they want to take a seat. Americas Cardroom today confirmed that poker players can still buy in to the $1 million tournament onsite in Panama for $750+$100 or purchase a $2,050 package in advance.
UK Suspends PokerCent.com License, Service
The United Kindgom Gambling Commission (UKGC) has suspended the license of a small independent online poker room, PokerCents.com. Service has also been shut off as a result. PokerCents.com hopes to have its service restored on October 1 once it comes into compliance.
The online poker company claims its license was suspended due to not having the proper certificate.
The Commission was vague in its own statement issued Monday.
Macau Casinos Suffer for Third Straight Month
Shares of Macau-centric casinos such as Las Vegas Sands (NYSE:LVS) and Wynn Resorts (NASDAQ:WYNN) fell on reports of weaker-than-expected Macau gambling revenue for Aug.
Sterne Agee slashed earnings estimates on both casino companies as well as on MGM Resorts Int'l (NYSE:MGM) and Melco Crown Entertainment (NASDAQ:MPEL).
Sands shares fell 5.1% to 63.10. Wynn fell 4.1% to 185.05. MGM fell 2.6% to 23.83.
Source: Investors.com
Is a Bitcoin Online Gambling Boom on the Horizon?
CoinDesk.com featured an interesting piece on Tuesday suggesting that the bitcoin gambling boom is only getting started.
Ronn Torossian Says These 3 Were The Real Big Winners At The Emmys
This year’s Emmy’s are now history with trophies awarded and many gamblers making out big on their Emmy bets last week. But Gambling911.com Special Contributor Ronn Torossian points to other big winners, neither of which received actual awards or payouts. Heeeere’s Ronn…..
Bookies Make Out Well for First Week of College Football
Sports bookies both online and in Vegas enjoyed a successful weekend and hope that trend continues with the start of NFL this upcoming weekend.
Among the big hits in Vegas, Virginia covering against UCLA.
Credit Suisse Gives Playtech ‘Neutral’ Rating
Online gambling software company Playtech PLC (LON:PTEC) had its stock reinstated by stock analysts at Credit Suisse as “neutral” with a current price target of GBX 780 ($12.94). Credit Suisse’s target price points to a potential upside of 8.24% from the company’s current price.
Other analysts, including Canaccord Genuity this past Thursday, have either reinstated or raised their price target on shares of Playtech PLC to a “buy” rating. In the case of Canaccord Genuity, their price target on shares rose from GBX 825 ($13.69) to GBX 840 ($13.94).
More Poker Players in Sweden Become Targets of Violence
Swedish poker players over the years have become targets of enterprising criminals. Last week, four armed bandits held up 15 players at a private game in Strömstad. The victims in this case happened to all be Norwegian.
From PokerNews.com:
The robbery began as four masked men armed with guns forced their way into the poker game at the Hogdal Bygdegård farm. Robbers then forced the poker players to the floor before robbing them.
Revel Starts Shutdown Monday After Just 2 Years
ATLANTIC CITY, N.J. (Associated Press) — The most spectacular and costly failure in Atlantic City's 36-year history of casino gambling begins to play out Monday when the $2.4 billion Revel Casino Hotel empties its hotel.
Its casino will close early Tuesday morning.
Revel is shutting down a little over two years after opening with high hopes of revitalizing Atlantic City's struggling gambling market. But mired in its second bankruptcy in two years, Revel has been unable to find anyone willing to buy the property and keep it open as a casino. It has never turned a profit.
