Business & Financial
Tread Cautiously When it Comes to Online Gambling Bill
The UK press is warning publicly traded UK betting firms that the latest bill introduced by Congressman Barney Frank last week is anything but a sure bet.
Unibet Positive Financial Results Announced
Swedish Internet gambling giant, Unibet, announced positive financial results Monday for the first quarter of 2009 in the midst of a worldwide recession.
Highlights included gross winnings revenue amounting to $31.3 million for the first quarter of 2009, profit of $10.9 mil for this same period and operating cash flow before movements in working capital amounting to $13.5 million. Active customers totaled 314,977.
Vegas Hotel Room Rates Will Increase
With signs that hotel occupancies are going up, MGM Mirage executives said demand for the company's hotel rooms is high enough to warrant an increase in room rates, which have plummeted during the
Delaware House Approves Revised Gambling Bill
USA Today reports that the Delaware legislature took the first step toward establishing sports gambling in the state, approving a bill early Friday morning that was opposed by every major sports le
Las Vegas Sands Losses Mount
LAS VEGAS (AP) - Casino operator Las Vegas Sands Corp.
Kentucky Derby Hangover After Record Numbers
What recession? That's what some of us around here at Gambling911.com are asking - at least when we look at this past weekend's Kentucky Derby figures....what we have of them.
Preliminary stats show that the Derby brought more traffic through the Gambling911.com website, however, final server stats were not immediately available on Sunday as the total had not been fully added up by the scheduled report time.
Recession Having Little Affect on Kentucky Derby Online Gambling
Bloomberg News was reporting on Friday that Kentucky Derby betting may fall 30 percent as the worst economy in a generation hits Louisville. Not so with online gambling as Gambling911.com was see
Verizon in Hot Pursuit of Apple iPhone: Odds Posted
Recent frantic reports emerged over the past few days claiming Verizon Wireless' hot pursuit of an iPhone or iPhone like device from Apple in order to compete with AT&T, which has exclusive rig
William Hill Sees Double Growth in Online Business Despite Recession
The United Kingdom's second largest bookmaking operation is reporting a 50 per cent rise in revenue from its online gambling arm over the past year. These figures come as the company recorded an
Minnesota Regulators Try to Block Access to Gambling Sites
Using a 1961 federal law designed to stop illegal gambling, the state has directed 11 telephone and Internet service providers to block nearly 200 gambling Web sites.
Harrah’s Gets Hit Hard By Economy: 2009 WSOP Hotel Rates Slashed
The world's largest casino operator and owner of the World Series of Poker, Harrah's Entertainment Inc., reported first quarter financial results Monday that showed a further decline in revenue. The company said its revenue had declined 13.3 percent to $2.254 billion in the first quarter. The pinch was felt especially hard in Las Vegas where these numbers were 20.5 percent (down to $686.4 million) while cash flow fell 27.9 percent to $198.6 million.
James Packer’s Crown Casino Gives Up on Las Vegas
James Packer's Crown has ruled out injecting more cash into the stricken US casino development company Fontainebleau Resorts after the US company's banks withdrew financing for a $US3 billion ($4.2
Gambling911.com Abruptly Scraps Plans to Attend 2009 WSOP
In a sign of the worsening economy, Gambling911.com, one of the top 10 most read poker news sites, has decided to scrap all plans to attend this year's World Series of Poker (WSOP).
William Hill Intends to Move Jobs Offshore
In a blow to the British government, the number two largest bookmaker, William Hill, has threatened to move approximately 90 jobs in the Internet division offshore.
Bookmakers warned the chancellor, Alistair Darling, before the Budget that increases in gross profits tax on betting would stifle competitiveness, particularly for their online businesses, and force them to consider relocating staff, according to the Financial Times of London.
Last week, Darling increased the GPT on bingo from 15 per cent to 22 per cent.
James Packer’s Las Vegas Nightmare Just Got Worse
James Packer's largest investment in the gambling mecca is in dire straits after a US casino development company in which his Crown had invested defaulted on $US800 million in loans.
Richard Branson is Losing £171,233 an Hour
Billionaire business tycoon is losing £171,233 an hour according to a report filed by the News of the World on Sunday. This was equivalent to £1.5 billion. He's now down to his last £1.2bill
Pagebet Shuts Down Operations
BOOKMAKERS Pagebet has placed its internet betting business into administration.
Marijuana, Online Gambling Good: Personal Financial Management Bad
If Congressman Barney Frank had his way, online gambling and marijuana would be legalized. However, he would not allow personal freedoms when it comes to one's own financial decisions.
DoylesRoom.com Names Will Griffiths to Top Marketing Spot
DoylesRoom.com, one of the fastest growing online poker rooms open to US players, announced today the appointment of Will Griffiths to the post of Marketing Director.
UltimateBet.net Sponsors MMA Magazine Program on Rogers Sportsnet
- UltimateBet.net continues to build strong ties with the explosively popular world of Mixed Martial Arts ("MMA"), as the leading free play online poker site debuts as
Recession Forces Mainstream Media to Reconsider Online Poker Stance
With an understanding that online poker, casinos and sports betting take in several billion a year, mainstream media outlets once opposed to advertising with related venues are now beginning to und
Another Gambling Firm Files for Bankruptcy
Evergreen Gaming has filed for bankruptcy it was reported on Tuesday. The Canadian-based firm did so after
Recession Hits the Mafia
The current economic downturn seems to be having an adverse effect on every industry whether legitimate or not-so-legitimate. Case in point: The Japanese Mafia is being hurt by the recession.
PartyGaming in Talks With Rival Gigamedia
ONLINE gambling group Party Gaming is holding talks on a deal with Nasdaq-listed rival Gigamedia.
James Packer Bets $3 Billion on Macau Casino
SOME of the croupiers shuffling cards at James Packer's huge new casino in Macau will don nose rings and wear blue wigs, as part of a punk-rock theme to attract wealthy Asian gamblers and holidayma
Massachusetts Looks to Casino Gambling to Fill Coffers
Senate President Therese Murray has brought the casino debate to the table in Massachusetts.
Recession Casualty: Elvis Evicted From Las Vegas
The recession is hitting many people and places hard. Las Vegas is among the hardest hit and this week came the shocking news that Elvis Presley (a Vegas icon for years) is now being evicted.
According to the Las Vegas Review Journal, a group of investors who had planned on creating a $475 million Elvis Presley-themed resort on the Strip could be forced to sell the property. The reason:
James Packer Sells Family’s Long Term Investment
The Packer family's 26-year involvement in Australia's cattle industry has ended with the finalisation of the sale of its stake in Consolidated Pastoral Company (CPC).
Harrah’s Will Not Utilize Online Poker Software From US-Facing Firms
Harrah's, the Las Vegas casino giant, is looking to get into the online poker market. Sources close to the situation tell Gambling911.com that Harrah's will not be accepting bets from those ind
Sportingbet Founder Mark Blanford Wins Again With Mobile Gambling
He founded one of the most successful online gambling sites,
