Gambling News
New Jersey Online Gambling Revenue Estimates Dip Further
Casinos in New Jersey rounded off the month of February with a total revenue of $412.2 million from both iGaming and sports betting activities in the state.
Reverend Al Sharpton a One-Time Mafia Associate? Was FBI Informant (Video)
A damning report on TheSmokingGun.com suggests that MSNBC host, the Reverend Al Sharpton, was once a Mob associate-turned FBI snitch.
G911 Talks to Jeopardy Champ Arthur Chu, His Love for Gambling and Death Threats
Arthur Chu has turned the art of wagering into a science, and from it has earned a whopping $300,000!
The 30-year-old Cleveland native and first-generation Chinese-American last month won 10 straight games on the popular TV game show Jeopardy! to become the third-biggest money-winner in the 50-year history of the show (he lost his 11th game and earned a total of $298,200).
Ladbrokes Buys Australian Betting Firm BetStar
(Reuters) - Bookmaker Ladbrokes (LAD.L), facing regulatory and tax pressures in its British home market, has expanded its Australian business by buying online betting company Betstar for 12.4 million pounds.
The deal announced by Ladbrokes on Wednesday follows a similar-sized acquisition last September when Ladbrokes - Britain's second-biggest bookmaker - bought online company Bookmaker.com.au and launched a website in Australia.
Activist Investor at Bwin.Party Questions Chairman Appointment
Jason Ader, the activist investor who works extensively in gaming, continues to make waves in the industry. As featured today in the Daily Telegraph, New York-based Ader feels bwin.party is tremendously undervalued.
Ader has reportedly told confidants that bwin needs some changes to meet its full potential in the gaming arena.
GVC Looks Towards More Acquisitions Following Sportingbet Success
(Reuters) - GVC is looking at further acquisitions after turning around the Sportingbet businesses it acquired last year, the online gambling company said on Wednesday.
GVC, one of the smaller players in the sector and listed on the AIM stock market, said operating profit more than doubled to 38.3 million euros ($52.8 million) in 2013, boosted by moving Sportingbet into the black.
"We are now ready for the next stage in our corporate development and further geographic expansion through organic growth and acquisitions," Chief Executive Kenneth Alexander said.
Online Super Series III Pays Out a Record $1,176,445 in Prize Money
It's not just the upcoming LSOP Millions II that has online poker players excited about the concept of a million bucks. Leading online poker site Americas Cardroom today announced that its $900,000 online poker series paid out nearly $300,000 more than what had been guaranteed, handing out a record $1,176,445 in prize money.
Intrade Co-Founder Brings Back TradeSports Prediction Market Platform
Originally debuting as TradeSports, the now defunct Intrade is being reincarnated using the original branding strategy.
Intrade Co-founder Ron Bernstein is starting a test phase for his company on Monday (April 14, 2014).
“Sports are always going to be the best laboratory for prediction markets,” he says. “All those things now are just recorded and data-mined and discussed.”
Borgata Using High Tech Chips at Spring Open in Wake of Scandal
ATLANTIC CITY, N.J. (Associated Press) — A cheating scandal at a casino poker tournament has led to new security measures, including chips that are more intricate, have more colors and include an authentication element that can be checked under ultraviolet light.
The Borgata Hotel Casino & Spa told The Associated Press it was using new chips for its Spring Open poker tournament that began Tuesday.
Technical Error at PokerStars Causes Massive Overlay for Tournament
The world’s leading real money online poker site, PokerStars, is blaming a technical error for a massive overlay in its Sunday $500,000 guarantee tournament. Less than half of that sum had already been generated prior to PokerStars abruptly shutting down the tournament for late registrations.
Brain Part That Causes Gambling Addiction Found
Cambridge scientists have discovered that the activation of a part of the brain called insula is responsible for gambling addiction as part of an earth-shattering study that could ultimately reduce such addiction.
You Can Really Bet on WWE Wrestling? Bookie Gets Crushed by Lesnar Win
Online bookmaker Bovada.lv is likely regretting the decision to start taking bets on WWE Wrestling, and more specifically WrestleMania.
Sunday night the book got crushed by two big underdogs winning their respective matchups, a rarity in professional wrestling.
Seminole Hard Rock Tampa Summer Poker Open Tournament Series Announced
Scheduled for May 29 to June 18, 2014, the Seminole Hard Rock Tampa Summer Poker Open Tournament Series will Feature $1 Million Guaranteed Championship, June 12-18.
Seminole Hard Rock Hotel & Casino Tampa will be hosting the Seminole Hard Rock Tampa Summer Poker Open tournament series, which will feature a $1 million Guaranteed Championship.
Atlantic City 2013 Revenue Lowest Since 1989
ATLANTIC CITY, N.J. (Associated Press) - Not even a boost from Internet gambling money and the comparison with an extremely slow period after Superstorm Sandy could prevent Atlantic City's casinos from seeing a big decline in their earnings in 2013.
The casinos saw their gross operating profits decline by nearly 35 percent last year.
The 12 casinos that operated in 2013 - the Atlantic Club shut down in January of 2014 - posted a collective gross operating profit of $235 million, down from $360 million in 2012.
Playtech Gets ‘Buy’ Rating From 12 Agencies
Online gambling software firm Playtech has received a “buy” rating from 12 different agencies that cover the stock.
From the MidEast Times:
Five equities research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is GBX 816.10 ($13.53).
Ladbrokes Made £1Billion in One Month From 'Crack Cocaine' of Gambling (Video)
UK Prime Minister David Cameron has announced his administration is about to embark on a crackdown of the so-called “crack cocaine” of gambling, high speed, high stakes gambling machines that have, until now, proven especially profitable for bookmakers.
Just how profitable?
Mississippi to Study Online Gambling Pros and Cons
(Associated Press) - Mississippi's chief gambling regulator is leading a group that will gather data on how Internet gambling and sports betting are working other states.
Allen Godfrey, executive director of the Mississippi Gaming Commission, is chairman of the task force.
State Rep. Richard Bennett, a Long Beach Republican and chairman of the House Gaming Committee, asked Godfrey to take the job and provide an unbiased look at the pros and cons of Internet gambling and sports betting.
WSOP Circuit National Championship 2014 to be Held at Bally’s Atlantic City
The WSOP Circuit National Championship 2014 will be held at Bally’s in Atlantic City from May 22-24 it was announced this week. This is the 10th season of the circuit.
With a total of 100 players eligible for qualification, the World Series of Poker today announces how the additional six remaining at-large seats will be awarded.
In May, WSOP.com websites in both Nevada and New Jersey will host an online freeroll tournament in their respective states, where the winner of each tournament will automatically qualify (2 seats total).
What Are the Online Slots Available in New Jersey? Cleopatra, Monopoly, More
There are dozens of online slots available for those living in New Jersey who wish to play on the Internet. There are specific brands we would like to highlight here.
“Secrets of the Phoenix” allows casino players to match the stone relics and watch as they cascade down leaving space for even more wins.
Features include 5 reels, autoplay, a cascading reel system let’s you win multiple times off a single spin, hit successive cascades during the bonus round to add more free spins and bonus pick a win game gifts you with cash, spins and other cool bonuses.
What Are The Odds on Who Will Replace David Letterman (Video)
Sportsbook.com released betting odds on who will replace the longest running late night talk show host David Letterman. Those odds were available here.
Can I Play On New Jersey Online Gambling Websites If I Live in New York?
Live in New York State but you wish to play on one of New Jersey’s online gambling websites? You can do so, with a catch.
All of New Jersey’s licensed and regulated Internet gambling websites incorporate geolocation technology that prevents individuals from placing real money bets from outside the Garden State.
Online Super Series III on Track to Pay Out Over $1 Million at Americas Cardroom
San Jose, Costa Rica – There's only a few more days left in Americas Cardroom's OSS III, but if past tournament results are any indication, a record amount of money could be paid out in the next few days. The online poker site is reporting record payouts for all tournaments so far, including a $50,000 event that saw its guaranteed prize pool more than double last weekend.
BC Lottery Laying Off 67 as Part of Massive Job Cuts
VANCOUVER – (Canadian Press) - Gaming employees are facing layoffs, after the BC Lottery Corporation announced Friday it was eliminating 67 positions in the province, including 33 in Vancouver.
The job losses come after the departure of CEO Michael Graydon to the private sector in January, and as the corporation faces a financial audit by the provincial government.
Interim CEO and President Jim Lightbody says the layoffs were prompted by significant financial pressures, which he blames on rising operating costs and flat revenue growth.
EPT season 10 Grand Final Set for Record Numbers
Second Mega Qualifier on Sunday guarantees 20 x €14k packages
ONCHAN, Isle of Man – The PokerStars and Monte-Carlo® Casino European Poker Tour Grand Final is set to attract record numbers later this month as well as offer players the most varied tournament schedule ever. With three weeks still go before the festival kicks off at the glamorous Monte-Carlo Bay Hotel and Resort, more than 210 PokerStars players are already registered, including more than 140 who have won their seats online.
Will Ferrell Will Play Bobby Riggs in Film About ‘Battle of Sexes’: Match Thrown?
Months after ESPN revealed that Billie Jean King’s “Battle of the Sexes” win in 1973 may have been fixed, it was announced Thursday that Will Ferrell is slated to play her opponent, Bobby Riggs, in an upcoming film project yet to be titled.
Boston Residents May Have Say Regarding Everett, Revere Casinos: Hearing May 1
BOSTON (Associated Press) — The state gambling commission will call a public hearing next month to consider Boston's bid to be declared a host community for proposed casinos in Everett and Revere.
The five-member Massachusetts Gaming Commission voted Thursday to call a May 1 meeting, with a decision on the city's status to be decided shortly thereafter.
If granted, host community status would give Boston voters an opportunity to weigh in on casino proposals by Mohegan Sun in Revere and Wynn in Everett.
Sweeping Arrests in Expansive Florida $300 Mil Gambling Case
A press conference at 4 pm EDT Thursday afternoon announced the arrests of more individuals in a gambling case that has gripped the state of Florida.
The case originated from a scheme involving Internet cafes that was said to have netted around $300 million.
‘Flash Boys’ Author: Poker Player David Einhorn a 'Dumb Tourist' in a Casino (Video)
Speaking on Bloomberg TV, Michael Lewis referred to famed hedge funds manager and high stakes poker player David Einhorn as a “dumb tourist” in a casino.
Lewis is the author of “Flash Boys”, which delves into the risky world of high-frequency trading.
Lewis spoke to Bloomberg TV host Stephanie Ruhle.
Here a portion of that exchange:
Facebook Real Money Mobile Online Gambling Speculation With Oculus Acquisition
There has been plenty of speculation of late that social media giant Facebook could be planning to leap into the mobile online gambling market with its recent acquisition of Oculus.
Chinese Mining, Gambling Tycoon Charged With Murder Goes on Trial
A former Chinese mining tycoon who started his career by running gambling centers in Guanghan is set to stand trial in the murder of nine individuals. His brother and 34 associates of their “mafia-style” gang were also charged in February.
