Business & Financial
Borgata Still Dominates in Atlantic City Despite Financial Woes
ATLANTIC CITY, New Jersey — (Reuters) - Ten years after it brought a hefty dose of Las Vegas glitz, glamour and luxury to Atlantic City, the Borgata Hotel Casino & Spa still dominates the market: One of every five dollars gamblers lose in Atlantic City goes into the Borgata's coffers.
Its challenge over the next 10 years is to maintain that leadership position in the 12-casino market as ever-increasing competition in nearby states and the approach of Internet gambling have the potential to reshuffle things.
Lock Poker Payout Updates, Venetian Boycott Gaining Ground
These are the top gambling news stories here at Gambling911.com Friday June 28, 2013 (Afternoon EDT). Be sure to LIKE US on Facebook and have G911 as part of your news feed. Comments always welcome.
*Large Number of Lock Poker Payouts Received Friday – Gambling911.com can report that a large number of cash transfer payouts were received by customers of Lock Poker on Friday.
Bulls Pile on Zynga: Calls Outpace Put by Margin of 6-1
Zynga is looking good, despite a few bumps in the road, this according to Schaeffer’s Blog.
Breaking News: Chico Poker to Resume Payouts, Investors Settle Dispute
Chico Poker players affected by a long 10 month dispute between investors and ultimate freezing of funds will be happy to know that Gambling911.com has learned payouts will resume July 1 (2013).
Time.com Talks Online Gambling in NJ, Casino Buries $200 Grand in the Sand
These are the top gambling news stories here at Gambling911.com Friday June 28, 2013 (Afternoon EDT). Follow us on Twitter here.
*Time Magazine on Internet Gambling in the Garden State - Time Magazine (Time.com) has a feature Friday morning on the start of Atlantic City’s new online gambling industry.
Stop Internet Gambling: Site Claims a Click of the Mouse, You Lose Your House (Video)
Casino mogul Sheldon Adelson has just launched a website that opposes legalization of online gambling in the US. StopInternetGambling.com, a crude site that contends online gambling will ruin society, went live Thursday.
From the StopInternetGambling.com website:
Adelson Fallout: WSOP Champ Says ‘I Won’t Play at the Venetian This Summer at All’
2005 World Series of Poker Main Event winner Joe Hachem tweeted Thursday that he plans to boycott Sheldon Adelson’s Venetian property. Adelson has come under fire for his public opposition to legalized online poker in the US, calling it “toxic” and a “cancer”.
GigaMedia Enters Social Gaming Market
(Taiwan).- Online gambling corporate GigaMedia has announced that it is to enter the social casino games market following a closed beta test on a suite of new game titles in over 200 Internet cafes across Taiwan. The company has unveiled a new portfolio of proprietary social casino games that include slot, poker and dice offerings and could begin commercial operation in as little as four weeks.
888 Forces Sharkscope to Stop Tournament Tracking, £49m in Losses at Betfair
These are the top gambling news stories here at Gambling911.com Thursday June 27, 2013 (Evening EDT). Follow us on Twitter here.
Sands of Las Vegas: Analysts See Shares Reaching $62 Million
Analysts at Imperial Capital see the recent sell-off of Las Vegas Sands Corp creating a buying opportunity for investors.
They rate the stock as “Outperform” and forecast the share price reaching as high as $62. It currently sat at $51.38.
Legends Sports Associate Enters Plea, Online Poker Payment Solution Enters US
These are the top gambling news stories here at Gambling911.com Monday June 26, 2013 (AM EDT). Follow us on Twitter here.
Las Vegas Sands Recommended by Analyst: Discouraged by Poker Players
Good news for investors who have their money in the Las Vegas Sands (LVS) as investment banking firm Craig-Hallum recommended a long position in shares of the company. This comes at a time when a growing number of poker players have called for a boycott of the Sheldon Adelson owned property.
Tunica Casino to Keep Paula Deen Buffet
Casinos have not been immune to the Paula Deen controversy.
A handful of casinos have been mulling over dropping the popular Paula Deen Buffet.
Officials at the Tunica, Mississippi Harrah’s have decided to keep the Buffet despite the controversy surrounding Deen’s controversial racial slurs from several years ago.
Deen addressed her comments Friday in separate video statements.
Adelson Properties Boycott Planned by Poker Players, 22 Arrested in Gambling Probe
These are the top gambling news stories here at Gambling911.com Monday June 25, 2013 (Afternoon EDT). Follow us on Facebook Here
Oldman Leaves Bodog: Hints at Setting Up B2B Software Provider in US
The following is commentary from Bodog President Jodas Oldman, who announces he is leaving that company.
Poker is an American game, and it is heartening to see a regulated online poker market emerging in some states.
Macau Casinos Exposed to China’s Credit Woes
China’s credit crunch resulted in a number of Macau casino stocks getting hammered on Monday.ntee, rendering most non-nut draws essentially useless.
Atlantic Club Counters PokerStars Appeal in Ugly Failed Acquisition Case
ATLANTIC CITY, N.J. (Associated Press) — The PokerStars website entered into a contract to buy an Atlantic City casino with "their eyes wide open," and now has to live with the consequences of the failed deal, the casino said in court papers.
UltimatePoker.com Begins Accepting Visa Credit Cards
In a sign that banks are beginning to embrace the online poker sector, it was revealed over the weekend that UltimatePoker.com has begun to accept Visa cards.
UltimatePoker.com to date is the first and only US-based online poker site licensed out of Nevada.
Bitcoin Exchange Mt.Gox: US Consumers Can Put Cash In But Not Take Cash Out
Virtual currency Bitcoin’s largest exchange, Mt.Gox, has suspended transfer withdrawals in US Dollars for the next two weeks citing unmanageable volume.
Mt.Gox controls nearly 70 percent of the Bitcoin exchange market.
Paula Deen Controversy Hits Casinos: Buffet Boycott (Video)
The controversy surrounding celebrity chef Paula Deen and her admission of using a racial slur to describe African Americans several years ago has began to have wide reaching ramifications.
Reports of Deen wanting Black staff members to dress up as slaves for her brother Bubba’s “Old Fashion Southern Wedding” haven't helped matters either.
Top Gambling News: Zynga Downgrade, Facebook Upgrade, Wynn in Mass
These are the top gambling news stories here at Gambling911.com Sunday June 23, 2013. Follow us on Twitter here.
*Zynga and Facebook Good News, Bad News From Wall Street - Two social media companies looking to enter the real money online poker sector received important analyst updates on Friday, one good, one not so good.
Top Gambling News: Bet365 Profits Leap by a Third, Eric Lindgren Wins at WSOP
These are the top gambling news stories here at Gambling911.com Friday June 21, 2013 (Afternoon Hours Eastern Standard Time). Follow us on Twitter here.
*Bet365 Sees Huge Profit Increase - Britain's biggest online bookmaker, Bet365, has seen profits leap by a third to £148m. This is despite the losses realized from their controlling interest in Stoke City FC.
Razer Goes All In With Online Poker
CARLSBAD, Calif.–Razer, one of the world’s pioneering supporters of e-Sports, and Marcel “The Flying Dutchman” Luske, one of the world’s most recognized and respected professional poker players, have formed an exploratory partnership to see how Razer can impact the world of online poker.
More Adelson: ‘Online Poker a Train Wreck, Toxic Cancer and Not a Game of Skill’
If you thought casino billionaire and big time GOP donor Sheldon Adelson was through with his rant regarding legalized online poker in the US, he actually decided to take things up a notch.
Speaking on Bloomberg Television Thursday, Adelson didn’t hold back. He denied any hidden agendas, referring to his initial rant on Forbes.com.
Adelson insists it’s mostly all about the potential harm inflicted on society.
Mississippi Approves Ameristar Casinos Acquisition by Pinnacle Entertainment
Pinnacle Entertainment (NYSE:PNK) announced today that the Mississippi Gaming Commission unanimously approved the Company's proposed acquisition of Ameristar Casinos.
Chris Christie Inflated Online Gambling Numbers Claims Brennan
New Jersey Governor Chris Christie released his forecast for taxes derived from online gambling over a one-year period, averaged after five years.
He anticipates the sector will take in $160 million.
Those numbers are actually down from $180 million.
But those figures might be inflated based on some other estimates.
Casino Shares Get a Haircut: Boyd Gaming Down Nearly 9 Percent
Wall Street had its single worst day of the year today (June 20, 2013) with the Dow down 350 points at closing.
The gambling sector overall saw similar declines with Boyd Gaming down nearly 9 percent on the day closing at $10.84.
Las Vegas Sands fell 4.6 percent to close at $53.88.
Ultimate Poker is Giving Away $1 Million in Cash and Prizes
LAS VEGAS, NV - Ultimate Poker is giving away $1 million in cash and prizes during Million Dollar Summer, happening now at UltimatePoker.com.
2013 World Series of Poker to Set Record for Participation: 44 Year High
LAS VEGAS - The 44th annual World Series of Poker (WSOP) at the Rio All-Suite Hotel & Casino has officially reached the halfway point, eclipsing more than a dozen records along the way and positioning this year’s slate of tournaments to become all-time highs.
We’re Not in Kansas Any More: Zynga Acquires Spooky Cool Labs
Zynga has purchased Spooky Cool Labs and the 40-person talent pool that comes with the acquisition.
Spooky Cool Labs consists of the following tech geniuses, a la TechCrunch.com:
