Business & Financial

Cryptologic May Get Into Sports Betting Industry

Long established online casino software provider, Cryptologic, is on the verge of entering the sports betting realm.

The company looks to sign a deal with multi-national Internet sports betting operator Betclic and is preparing to launch a series of new games in partnership with multinationals DC Comics and Paramount Digital Entertainment.

Submitted by Jagajeet Chiba on, Dec/14/2009

PartyGaming, BWIN in Merger Talks

LONDON (Reuters) - Online gaming firm PartyGaming (PRTY.L) is in merger talks with Austrian rival bwin Interactive Entertainment (BWIN.VI) in a deal that could create an internet gambling giant, ac

Submitted by Guest on, Dec/13/2009

More Information on CNBC’s Upcoming Gambling Program

Mark your calendars Gambling911.com readers.  Next Wednesday December 16, 2009 CNBC will present its original program "CNBC Investigates:  The Big Business of Illegal Gambling".  Until

Submitted by Jagajeet Chiba on, Dec/10/2009

Asian Casino Magnate Stanley Ho Recovering Nicely

Macau casino magnate Stanley Ho, who has been hospitalized for the past four months, is likely to be discharged shortly. 

Submitted by Jagajeet Chiba on, Dec/09/2009

Lenders Take Over Atlantic City Casino

By WAYNE PARRY Associated Press Writer

Don't pay your mortgage, and eventually the bank will own your home.

Submitted by Guest on, Dec/09/2009

Playtech’s Share Price Dips, Announces Acquisition

(Reuters) - Shares in Playtech (PTEC.L) dip 1.8 percent to 411 pence after Numis cuts its rating on the online gambling softw

Submitted by Guest on, Dec/08/2009

Wall Street Traders Go All In For Poker

As poker stars go, Burt Boutin isn't the best known.

Submitted by Guest on, Dec/07/2009

European Online Poker Operators Need to Prepare for US Market

The European online poker operators must be prepared to do business in the US market space should it open, perhaps as early as later in 2010.

This was the observation made by the bosses of PKR and PokerStrategy.com this week during an industry conference in London.

Submitted by Jagajeet Chiba on, Dec/07/2009

Bookies Make Out Like Bandits Week 13 of NFL

The online bookmakers won nearly all the games vs. the betting public on Sunday Week 13 of the regular NFL season, including two of the biggest games.

Submitted by C Costigan on, Dec/06/2009

PIC Club Poker Posts 9.1 Percent Dividend for Users

The online poker payment platform, PIC Club, has posted a 9.1 percent dividend for users, according to CEO Chuck Kidd.

Submitted by C Costigan on, Dec/05/2009

Ron Paul Wants Scrutiny of the Federal Reserve

One of the most spoken about bill being proposed on the House floor these days is co-sponsored by Texas Republican Ron Paul and opposed by Democratic chairman of the Financial Services Committee, B

Submitted by C Costigan on, Dec/03/2009

BetonSports Fined $28 Million, Gets Probation

ST.

Submitted by Guest on, Dec/02/2009

Does a Twitter a Day Mean Apple Will Pay?

With the Holiday Season upon us, speculation regarding tech gift sales are at an all time high. With that in mind, the odds specialists at the largest most successful sportsbook on the web, BetUS.com posted odds on what is in store for Apple in 2010 including angles on a potential Twitter buy-out, Steve Jobs' role and much more.

"We always see a lot of action on holiday sales around this time of year," stated BetUS.com spokesman Reed Richards. "And interestingly enough, the trend has been that people like to bet on Apple.

Submitted by Guest on, Dec/01/2009

Binions Closing Las Vegas Hotel, Casino Remains

LAS VEGAS - (Associated Press) The owner of an iconic downtown Las Vegas hotel that hosted the World Series of Poker for 34 years will close the property's hotel rooms, coffee shop and keno operati

Submitted by Guest on, Nov/30/2009

Las Vegas Sands Eyes Japan, Thailand

HONG KONG (TheStreet.com) -- Las Vegas Sands(LVS Quote) is eyeing further expansion

Submitted by Guest on, Nov/30/2009

Las Vegas Rebound Riding on $8.5B CityCenter

LAS VEGAS - (Associated Press) - Sin City is pinning its biggest bet ever - $8.5 billion - on a 67-acre, six-tower complex of striking hotels, gourmet restaurants, swank shops and a single casino t

Submitted by Guest on, Nov/30/2009

Youbet Churchill Downs Deal May Not Go Through

At least five different shareholders of the horse racing website YouBet.com Inc. have expressed disillusion over a proposed merger with Churchill Downs, Inc.

Charles Proctor of the Los Angeles Business Journal reports that these individuals have filed lawsuits in Los Angeles Superior Court alleging that Churchill Downs is underpaying for the Burbank-based company.

Submitted by Jagajeet Chiba on, Nov/30/2009

Sands China Down 10 Percent

HONG KONG, Nov 30 (Reuters) - Sands China's (1928.HK) weak stock market debut in Hong Kong on Monday signals a lack of investor appetite for a casino gaming company with a high valuation and an unc

Submitted by Guest on, Nov/29/2009

Banks Wanted Delay in Online Gambling UIGEA Reqs Too

It wasn't just the online gambling sector and ally Congressman Barney Frank who wanted a delay to implementation of Web gambling prohibition.  The banks made a similar request.

Submitted by C Costigan on, Nov/29/2009

Dubai Debts Fears Hit Casino Industry

Fears over Dubai's announcement that they will be delaying payment of debt has hit casino stocks.  News broke on Friday that a possible debt default at Dubai state-owned conglomerate Dubai World D

Submitted by Jagajeet Chiba on, Nov/27/2009

BetFred.com Sees UIGEA Delay Good for Euro Online Poker

A 6 month delay of bank regulations associated with the Unlawful Internet Gaming Enforcement Act passed in October 2006 is a good thing, so say some in the European online poker market. 

The new reqs were set to go into effect December 1.  Gambling911.com broke the story Wednesday that a settlement had been reached between Congressman Barney Frank and the US Treasury Department to delay the process another 6 months

Submitted by Jagajeet Chiba on, Nov/27/2009

Aced.com Online Poker Story Big Read in November

One of the most controversial stories to appear on the Gambling911.com website during the month of November centered on Merge Poker Network's online poker room,

Submitted by C Costigan on, Nov/24/2009

Online Gambling Industry in Costa Rica Goes Green

The online gambling Mecca of San Jose, Costa Rica, is about to go green thanks to one soul known as "Search Engine Bob".

Submitted by Jagajeet Chiba on, Nov/24/2009

BWIN and 888 Dismiss Takeover Reports

eGaming Review Magazine is reporting on Friday that Austrian-based BWIN and online gambling giant 888.com have dismissed acquisition talks.  Rumors have b

Submitted by Jagajeet Chiba on, Nov/20/2009

Betting on the World Economy: Bank Warns of Global Collapse

Société Générale is advising its customers how to deal with a possible financial collapse in the global market. 

Submitted by Jagajeet Chiba on, Nov/19/2009

Ireland Economy Will be Hurt by Thierry Henry Handball

The London Sun on Friday reported on how Arsenal ace Thierry Henry's handball that helped France to advance into the 2010 World Cup against Ireland could harm the later country financially. 

Submitted by Alistair Prescott on, Nov/19/2009

Female Viagra Arouses the Interest of Oddsmakers

With news that the new antidepressant drug flibanserin is being viewed as the "female Viagra", online oddsmakers are taking notice both Stateside and abroad. 

"Female loss of sexual desire does not have to mean a lost wager!" says Payton O'Brien, Senior Editor of the Gambling911.com website.  "BetUS.com has already taken notice and plans on releasing odds related to the new female Viagra in the not-so-distant future."

Submitted by Jordan Bach on, Nov/18/2009

Pollack WSOP Resignation Leaves Many Poker Pros Sad

Jeffrey Pollack's surprise resignation last week as Commissioner of the World Series of Poker has left many in the poker community scratching their heads.

"It's been a very good run, and I'm proud of the growth that the tournament, and poker, for that matter, have experienced," Pollack told the Las Vegas Review-Journal. "I came into this role with a certain set of objectives, and now there's a sense of accomplishment of how the World Series of Poker has expanded."

Submitted by Jagajeet Chiba on, Nov/17/2009

Threat Seen to Nevada’s Sports Betting Monopoly

By Richard N. Velotta and Brian Wargo, Las Vegas Sun

Submitted by Guest on, Nov/17/2009

Breaking News

The Impact of Gambling on Local Economies

Gambling is one of the fastest-growing sectors in the digital entertainment industry, bringing significant economic benefits to many regions. Although the impact of casinos on the local economy can be evaluated from various perspectives and viewpoints, it can be clearly stated that it has significant positive aspects.