Macau Outperforms World’s Other Cities Economically
WASHINGTON (Associated Press) — Macau, the Chinese territory known for casino gambling, outperformed the rest of the world's major cities economically last year, according to a report out Thursday.
Cities in the developing world, especially China, dominated the top of the annual economic rankings of 300 cities worldwide by the Brookings Institution and JPMorgan Chase. One exception: Bangkok, Thailand, came in last, its economy wrecked by political strife.
DraftKings 4th Quarter Revenue in 2014 Best Ever: From $2.5 Mil to $17 Mil
Daily Fantasy Sports second biggest site, DraftKings, reported a dramatic increase in revenues during the 2014 4th quarter. Revenues came in at just over $17 million compared to $2.5 million during the same period last year.
It gets even better.
Gambler Now Asking for $1 Million in Lawsuit Against Casino for Gambling Losses
A Los Angeles man is asking for more than $1 million plus attorney fees from a Las Vegas casino, claiming he was permitted to keep drinking in the establishment last February despite being noticeably inebriated. He went on to lose $500,000 that day betting the Super Bowl.
Mark Johnston, of Los Angeles, admits he had plenty of drinks before stepping foot into the Downtown Grand casino.
Motorcycle Gang’s Existence Revolved Around Meth, Gambling, Prosecutors Claim
A Mount Clemens, Michigan national motorcycle gang, the Devil’s Diciples, is accused of running an elaborate meth, gambling, theft and violence ring. Six individuals have been charged and are currently standing trial in connection with the scheme. 35 others are named in a federal indictment and all are in custody.
VICTIV.com Review – Daily Fantasy Sports
Gambling911.com, a site you have trusted since 1999 to bring you the latest news pertaining to the gaming and Fantasy Sports sector, has its VICTIV.com review. This is one of the newest and cleanest of the Daily Fantasy Sports sites to emerge during the final months of 2014. VICTIV.com, developed by Ruckus Gaming LLC, is based out of the epicenter of creativity in the United States: Austin, Texas. The website can be found here.
FanDuel Revenues Hit $37 Mil in 4th Qtr, Up From $7.4 Mil the Same Period Last Year
The world’s largest Fantasy sports site, FanDuel.com, has seen its revenues reach $37 million for the 4th quarter ending 2014. That’s quite an increase from $7.4 million the same period last year.
New Credit Card Code for Online Gambling in New Jersey Should Reduce Decline Rate
A new credit card code is set to be introduced for online gambling in New Jersey come Springtime, thus helping to reduce decline rates.
Reports suggest that the approval rate for Visa cards has been around 73% on average for Visa with a dismal 44% for Mastercard. American Express does not allow transactions for online gambling at this time.
While online gambling is legal in New Jersey, many credit card issuing banks, including Wells Fargo, have refused to allow transactions for Web gambling due to federal legislation.
William Hill Shares Sent Spiraling After Bookies Loses Millions
A series of Premiere League favorites winning this past weekend has cost bookmakers - including the UK’s largest, William Hill – millions of dollars.
ReverseFantasyFootball.com Review – Daily Fantasy Sports
Gambling911.com, a site you have trusted since 1999 to bring you the latest news pertaining to the gaming and Fantasy Sports sector, has its ReverseFantasyFootball.com review, one of the latest “race to the bottom” platforms currently available. Their website can be found here.
Watch for G911 Reporter Jeffrey Williams Interview With ReverseFantasyFootball.com Coming Soon
Mortgage Scammer Pleads Guilty for Operating Illegal Sports Betting Ring
FARGO, North Dakota — (Associated Press) - A Minnesota man accused of running an illegal gambling operation in North Dakota has reached a plea agreement with federal prosecutors.
Court documents show Gerald Greenfield, of Bloomington, Minnesota, plans to plead guilty to transmitting wager information and money laundering. KFGO-AM reports that details of the plea agreement have not been released.
Greenfield is charged in federal court with three counts, including conducting a sports betting business and conspiracy to commit money laundering.
The Future of Daily Fantasy Sports: FanDuel Going Public, No More Overlays, More
Takeaways from last week’s Fantasy Sports Trade Association Winter Conference were summed up on PartTimePoker.com with a special emphasis on the future of Daily Fantasy Sports courtesy of Eilers Research.
Which Online Sportsbook Offers the Best Signup Bonus Incentives? MyBookie
MyBookie.ag offers one of the best signup bonus incentives in the industry: 100% up to $200.
Claim Your FREE $250 Here (use bonus code G911).
Charles Barkley Lost How Many Millions Gambling?
Charles Barkley is a gambler and not ashamed to admit it. We always knew this. What many did not know until now is just how much money the former NBA player-turned commentator has lost over the years. Claim Your FREE $250 Here (use bonus code G911).
Do Online Sportsbooks Allow $5, $10, $20 Bets? Minimum Wagers
The vast majority of online sportsbooks do allow a minimum $5 bet while the average wager is between $10 and $20. Claim Your FREE $250 Here (use bonus code G911).
Which Online Sportsbook Offers the Best Deposit Bonus?
The online sportsbook offering the best deposit bonus depends on what exactly you are looking for. The more you deposit, the more free money but often times one can claim a FREE $100 in cash with a nominal rollover. Let's take a look at the high cash deposit bonus available at Bookmaker with a description below.
Paddy Power Pays Shampoo Spokes Model David Ginola to Run for FIFA President
The ever controversial Irish-based bookmaker Paddy Power is said to be paying David Ginola, a L’Oreal Shampoo spokes model, $380,000 to run for FIFA President.
Bitcoin is 10 Percent of Americas Cardroom’s Business Right Now Reveals CEO
Americas Cardroom CEO Phil Nagy tells Gambling911.com, the anonymous digital currency Bitcoin has thus far impressed at his online poker business.
“Bitcoin is doing good for us,” he told G911 this week. “It is 10 percent of our overall business right now.”
Pay Per Head for the NFL Conference Championships
Looking for a Pay Per Head for the NFL Conference Championships, look no further than PayPerHeadAgents.com for all your outsourcing needs.
Caesars Bankruptcy Filed Then Halted by Judge
Delaware/CHICAGO (Reuters) - The operating unit of Caesars Entertainment Corp, the largest U.S. casino company, filed for Chapter 11 bankruptcy in Chicago on Thursday to cut $10 billion of debt, but a Delaware judge intervened to halt the case before it got started.
The unusual legal standoff marked the start of a more public phase of complex and contentious debt negotiations. Until now, the company's attempts to cut interest payments after years of red ink have been kept mostly private.
Free Cash Sportsbook Bonus - $300: How It Works
Bookmaker.eu, a company you have trusted since 1986, is offering a $300 free cash sportsbook bonus to qualified new customers. Learn more here.
NJ Group Files Brief in Sports Betting Case: Cites Leagues Deals With Fantasy Firms
NEWARK, N.J. (Associated Press) — A court filing Wednesday in New Jersey's effort to allow sports betting takes the four major pro sports leagues to task for their involvement in fantasy sports competitions, claiming that that precludes them from dictating what the state can do.
The filing was made by the New Jersey Thoroughbred Horsemen's Association to the 3rd U.S. Circuit Court of Appeals, which will hear arguments in the case later this year.
Amaya, PokerStars Second Quarter Sportsbook Rollout Planned
Amaya Inc. ("Amaya" or the "Corporation") (TSX: AYA) on Thursday provided an update on its PokerStars online gaming consumer business and that Chairman and CEO David Baazov will make a speech at an investment conference in Toronto.
BUSINESS UPDATE
Successful completion of Casino Rollout
Atlantic City Loses Half Its Revenue Over Eight Years
ATLANTIC CITY, N.J. - (Associated Press) -- Atlantic City has lost nearly half its casino revenue over the past eight years as competition in nearby states cannibalized its market and drove four casinos out of business.
Figures released Wednesday by the New Jersey Division of Gaming Enforcement show the casinos took in $2.74 billion in 2014, or about what the industry brought in in 1988. That is down 48 percent from a high of $5.2 billion in 2006. The decline would have been greater without the $122 million that Internet gambling provided last year.
Investigation Widens Into Footballer Michael McIndoe and Gambling Exploits
Former Scotland B international footballer Michael McIndoe is accused of recruiting other players into investment ventures which collapsed and the United Kingdom's biggest bookmaker has turned over all relevant information tied to McIndoe's betting account for investigating authorities.
CFP Championship Game Attracts Record Betting for Some: Books Hit by OSU Win
The first ever CFP Championship Game between Ohio State and Oregon was a bonafide hit though it wasn’t exactly pretty for the books.
Colorado The Latest US State to Want Legalized Sports Betting: Success With Pot
Colorado’s biggest bookie made millions. His high profile bust has lawmakers insisting that sports betting in the state should be legalized.
And no state should know better the potential for industries on the fringe. Colorado, after all, has witnessed a massive windfall following its legalization of marijuana only a year ago.
Ho Nephew Arrested for Involvement in Prostitution Ring
A nephew of Macau Gambling tycoon Stanley Ho has been arrested for suspicion of running a massive prostitution ring from the gambling Mecca.
Alan Ho, a long time senior manager at SJM Holdings, was charged along with five others on Saturday with running the ring from one of the company’s largest properties, the Lisboa Hotel.
Creditors Try to Block Caesars Restructuring
Jan 12 (Reuters) - A group of second-lien bondholders of casino operator Caesars Entertainment Corp filed a petition for involuntary Chapter 11 bankruptcy protection against the company's largest unit after it defaulted on interest payments.
Caesars Entertainment Operating Co Inc defaulted on $225 million of payments due on Dec. 15.
The petitioning group includes hedge funds Appaloosa Investment Limited Partnership I and OCM Opportunities Fund VI LP, according to the petition filed on Monday.
The payments were due on principal of $4.5 billion.
Fantasy Sports Leagues Embrace the NFL, But Shun College Football
Company Executives Tell Gambling911 Why That’s So And Why It’s Changing
When it comes to legal sports wagering at Las Vegas sportsbooks, more money is wagered on pro football than any other sport.
The NFL is No. 1 for the books and always has been.
The second most popular sport to bet on at the Vegas books is college football, not surprising considering the overall popularity nationally of the game of football.
So why hasn't this affection for NCAA football translated to fantasy sports the way NFL football has?
Maryland Casino Boots Breastfeeding Mom: Deemed a ‘Security Threat’
A Maryland casino has come under fire for reportedly booting a breastfeeding mom.
Maryland’s Casino at Ocean Downs told Alana Panas she had to leave the establishment, but not due to the breastfeeding.
Casino rules state that nobody under the age of 21 is permitted on the gaming floor and that included Panas’ 7-week old infant.
