Business & Financial
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.
R.I.P. Zookz.com: We Hardly Knew Ya
So much for the controversy involving pirated music download company, Zookz.com, claiming it can operate freely from the Caribbean nation of Antigua without reprecussions. They suspended operatio
Playtech Warning Hits William Hill
Gaming stocks are taking a pasting after a gloomy update from Playtech, which supplies software to the gambling industry.
Playtech's shares have slumped 93p to 359.25p - a 20% decline - as it said it expected full year earnings to be lower than expected. It said this was partly due to the general economic weakness, but in particular to a slower than expected start for its online betting joint venture with William Hill. Playtech took a 29% stake in the business last October.
PartyGaming Buys Rival
PARTYGAMING yesterday confirmed that it has clinched a £100m deal for the owner of bingo website foxybingo.com, Cashcade.
Zookz.com Record Industry Pirating Result of UIGEA
Here is an interesting spin on the current state of the record industry and pirating downloads.
Woo Interviews Harrah’s Interactive Entertainment CEO Mitch Garber
I recently had an opportunity to sit down with the CEO of Harrah's new division, Harrah's Interactive Entertainment. His name is Mitch Garber and if the name rings a bell, it probably should. F
Mitch Garber: Harrah’s Won’t Make Same Mistakes MGM Made Online
In an interview to be published on the Gambling911.com website Wednesday, Harrah's Interactive Entertainment's new CEO, Mitch Garber, reassured that his company's move into the European online gamb
Aristocrat Leisure Appoints New Executive Team
Gaming machine maker Aristocrat Leisure has announced a new executive team, and the retirement of two current senior executives.
World Poker Tour Up For Sale Reports Wall Street Journal
The Wall Street Journal on Monday featured a story that claimed "It was a good bet that the World Poker Tour is up for Sale".
New Jersey Economy Can Be Helped by Sports Betting
The state of New Jersey desperately needs a boost to help its troubled economy... and so too does its Governor, Jon Corzine.
Odds Look Good For Gamblers
Javier Espinoza, Forbes.com
LONDON -- Despite warmer weather and tough economic conditions, sofa spuds are still playing high rollers in virtual casinos. On Thursday online gaming firm PartyGaming, reportedly a takeover target of Nasdaq-listed rival Gigamedia, saw a jump in shares as much a 7% after it said trading in the second quarter has been robust with revenues in line with the first quarter.
British Open Betting a Cure for the Recession Blues?
The British Open ranks as the most bet on event in the United Kingdom. The popular golf tournament begins Thursday July 16.
Centrebet Expects Strong Growth in Coming Year
Teresa Ooi, The Australian
Mohegan Sun, Foxwoods Launch Ad Campaign Targeting New Jersey
TAMARA AUDI, Wall Street Journal
Paddy Power One Step Closer to Entering US Market
The Irish Examiner reported Tuesday that Ireland's biggest - and the United Kingdom's third largest - bookmaker, Paddy Power, is now poised to enter the lucrative U.S.
NordicBet to Partner with Ivobank
Norway's most popular Internet-based gaming site, NordicBet.com, announced today that it is partnering with UK-based Ivoban
Smallest Starting Day Since 2003 for a WSOP Event
Has the recession hit the 2009 World Series of Poker? It sure seemed that was the case after Saturday's starting field attracted the smallest number of participants since 2003.
873 players took to the table including the likes of Gambling911.com friend Doyle Brunson, Amarillo Slim, Greg Raymer, Chris Moneymaker and Chris Ferguson. That number still surpasses the total who played in 2003, which was 839. This was also the year that Chris Moneymaker won and helped to kick start today's poker craze. The following year attracted 2576 players.
Gambling Stocks: The Good During This Recession
Alan Farley of the Street.com this week profiled four gambling stocks.
Goodbye Guy, Hello Obama? Goodbye Full Tilt Poker
Guy Laliberte, founder of billion dollar entertainment company Cirque du Soleil has disappeared off the Full Tilt radar.
Casinos Shut Down in Russia
The Kremlin has ordered all casinos shut down. The resulting impact: Some hundreds of thousands of people out of work.
Russia has offered four locations throughout the country in which the casinos can move to, none of which are equipped to handle the businesses just yet. All are approximately 4000 miles away from Moscow in luxury locales such as the North Korean border or Siberia.
How Internet Gambling is Keeping Wall Street Rich
Using skills honed on the Street, he's turned poker into just one more exotic financial transaction.
Economy Really Affecting 2009 World Series of Poker?
There was great buzz during the initial week of the 2009 World Series of Poker as record participation had been declared for certain events.
William Hill closer to moving online trade offshore
The odds on William Hill moving its online and telephone betting business offshore have shortened.
Online Gambling Operators May Want to Leave Antigua Now
In a report that came out Thursday, it was revealed that online gambling companies operating out of Antigua have now come under intense scrutiny following the country's financial regulatory body's
Tax Firms Warn IRS Cracking Down on Offshore Monies
Tax firms are now scrambling to comply with stricter regulations that require any clients who maintain monies offshore must file the proper forms and claim every last penny. And this applies to t
Antigua Police Arrest Bank Regulator Tied to Stanford
By Evan Perez, www.wsj.com
Paddy Power Hurt By Lucas Glover
While Gambling911.com reported yesterday that its friends over at Sportsinteraction.com ha
Harrah’s Believes They Will Have Success in Online Gambling
MGM tried and failed to enter the online gambling market several years back. Like MGM, Harrah's has planned to start offering its Internet gambling product in Europe where it will compete head on
