Business & Financial
PartyGaming to Buy Most of WPT's Assets
PartyGaming PLC (PRTY.LN) has agreed to acquiring nearly all of WPT Enterprises Inc.'s (WPTE) operating assets, ending a buyout deal the operator of the World Poker Tour had with an investment grop
Betfair Considers $2.5 Billion IPO
(Bloomberg) -- Betfair Ltd. is considering a 1.5 billion-pound ($2.5 billion) initial public offering, the Sunday Telegraph reported, without citing anyone.
Founders Andrew Black and Edward Wray, who will meet banking advisers over the coming weeks, reconsidered their position on a potential IPO following continued strength in global equity markets, the newspaper said. Betfair declined to comment, according to the Sunday Telegraph.
MGM Mirage and Chinese Organized Crime
The Daily News has reported that one of six bidders to run a Las Vegas-style video slots emporium in Queens has ties to Chinese organized crime.
World Poker Tour Receives Alternative Offer
It seems the World Poker Tour is suddenly a hot commodity.
BetonSports Customers Finally to Get Paid After 3 Year Wait
BetonSports customers can, for the first time, thank the US Government for actually coming through for them.
Online Poker Traffic Continues to Rise: Cereus Back in 6th
The online poker traffic monitoring website, PokerSiteScout.com, reports that there has been an overall rise of 2 percent in number of "real cash" players at the Internet poker rooms.
Electronic Media, Blogs Big Win With Court Ruling
The Honorable Judge Laura Taylor Swain handed down her decision in the New York Circuit Court Tuesday declaring that the US Government was not entitled to withhold information from electronic media news sites related to sealed indictments. Her ruling is significant for all online media outlets whether it be the Huffington Post, The Daily Beast, Perez Hilton or TMZ.com.
Trump Casinos Post $443 Million Loss
Donald Wittkowski, Press of Atlantic City
ATLANTIC CITY - Trump Entertainment Resorts Inc., currently in the midst of an ownership fight between Donald Trump and corporate bondholders, fell to a huge loss in the second quarter, reflecting the lower value of two of its three casinos.
The company reported a net loss of $443.1 million, or $13.97 per share, compared to a net loss of $29.8 million, or 94 cents per share, in the same quarter last year.
Hard Rock Hotel, Atlantic City Casinos Continue to Hurt
The recession is still taking its toll on the casino industry. Atlantic City in particular is getting decimated.
Unibet Reports Strong Growth in Live Betting
Unibet, the Swedish online gambling firm, has reported its earnings for the second quarter of 2009.
What Does Illness of Stanley Ho Mean to Macau?
HONG KONG, Aug 6 (Reuters) - Veteran 87-year-old Macau gaming tycoon Stanley Ho is in intensive care after undergoing brain surgery to remove a blood clot, raising questions over the succession of
Newspaper Industry Could be Saved by Online Gambling
How's this for some "out of the box" thinking?
Ladbrokes Profits Drop: Moving Online Unit to Gibraltar
By David Altaner
888.com Says It Is Nearing a Purchase
An online gambling company, 888, said Monday that it was close to making an acquisition after strong trading from its casino, bingo and sports betting Web sites led to an improved
Stanley Ho Recovering After Surgery
Macau gambling magnate, Stanley Ho, is recovering after undergoing surgery for an unspecified condition.
News of the 87-year old's hospitalization emerged early Tuesday in Asia.
William Hill Disappointing Profits
(Bloomberg) -- William Hill Plc, the U.K.'s second- biggest bookmaker, dropped the most since October after the company said full-year betting-shop profit would be lower than analy
States Want Legalized Gambling, Sports Betting Now
With the recession and individual states hurting for ways to make money, over the next several months right into 2010 we will be reading a lot here at Gambling911.com about states wanting to get in
Prospect of Gambling Coming to A.C. Impacts Staten Island
According to a report filed by Staten Island Live, D.A. Daniel Donovan (above)is not thrilled with the prospect of legal sports betting coming to Atlantic City Casinos.
More Banking Woes: Fake ATM Machines in Vegas
Computer security experts of all types--from hackers, crackers, and phreaks to security researchers and law enforcement officials--descended on Las Vegas last week for the annual
William Hill Profits Likely Down Over Last Year
William Hill, the United Kingdom's second largest bookmaker, is expected to announce interim results on Tuesday.
Analysts believe that profits at both William Hill and rival Ladbrokes (scheduled to announce results itself on Thursday) will be down over last year. This is due to bad weather causing a number of race meeting cancellations during the month of March. Likewise there were few surprises with May's football results.
Analysts' concensus sees pre-tax profits of £133m for William Hill.
Football Handicapping Seminar in Vegas to Feature Woo
Gambling911.com Senior International Correspondent, the uber popular Jenny Woo, will be appearing at this month's third consecutive Vegas Insider Football Handicapping Seminar.
"We are very excited that Jenny Woo will be joining us for our third consecutive football handicapping seminar at Red Rock, which includes a golf tournament on Friday, August 21st and a poker tournament on Saturday, August 22nd." - Peter Gold Executive Vice President & General Manager of VegasInsider.com, Inc.
Wynn Resorts' 2Q Profit Plunges but Beats Forecast
LAS VEGAS - (Associated Press) - Lower gambling revenue and continuing costs of opening its newest casino, Encore at Wynn Las Vegas, punished Wynn Resorts Ltd., but the 91 percent drop in profit it
MGM Refocuses on Macau
(Bloomberg) -- MGM Mirage, with the smallest casino market share in Macau, said it's overhauling operations and marketing at its venture in the city to boost the company's revenue
Playtech Boss Dating Leonardo DiCaprio Ex
Bar Rafaeli, former girlfriend of Leonardo DiCaprio, is now reportedly dating Teddy Sagi. He is the founder of online gambling software firm. Playtech, and the 30th richest man in Israel according to Forbes Magazine. She is among the hottest models in Israel and appeared on the cover of the 2009 Sports Illustrated Swimsuit issue.
Stations Casino Files for Bankruptcy
Las Vegas-based Station Casinos Inc. filed for bankruptcy protection Tuesday, making it the latest casualty in the recession-wracked gambling industry.
William Hill Prepares for Tax Fight, Move Off Shore
William Hill is understood to be ready to move its online sports and phone betting operations offshore within the next few weeks.
The betting giant already has a division based in Gibraltar for its online gaming operations and recently moved about 90 staff there and to its other offices in Malta, Israel, Bulgaria and the Philippines as it positions itself for the international market.
A company source said any plans to move to an offshore location would be determined by company strategy rather than tax reasons.
Bill Would Tax Costa Rica Based Online Gambling Sites
Every few years the Costa Rican government comes up with a novel plan to either tax or license online gambling firms operating in that Central American nation. Each time, the attempt has failed.
