Business & Financial
Washington Mutual Heading for Sale According to Reports
Ailing bank Washington Mutual Inc.
Barney Frank a Busy Man Amidst Wall Street Turmoil, Online Gambling Bill
Chairman of House Financial Services Committee, Barney Frank, has been a busy man these days.
DOW to Close by 50 points or More on Previous Day Say Gamblers
65 percent of gamblers Wednesday morning believed that the DOW would close by 50 points or more from Tuesday's close according to the intrade.com predic
AIG Was Likely to Fail Wednesday: Bailed Out by US Government
If a financing solution is not reached, American International Group (A.I.G.) may file for bankruptcy as soon as Wednesday, a person briefed on the matter told the New York Times Monday night.
Las Vegas Begs Poker Players to Start Playing “regular” games
Forbes.com announced last week that Vegas gambling revenue declined 14 percent in the month of July. Shortly following that announcement it was leaked that leaders from the large casinos such as The Bellagio and The Wynn have asked big poker players like Doyle Brunson and Phil Ivey to start playing "regular" games like Craps and Blackjack so that they have a shot at their money too.
When reached for comment, Phil just stared down the camera.
PartyGaming Added to Prestigious FTSE4Good UK 50 Index
Fifteen UK companies, including online gambling firm PartyGaming, have been added to the FTSE4Good UK 50 Index of companies striving for good corpor
Wall Street Meltdown, Economic Crisis Giving Obama a Boost
Monday's Wall Street meltdown following the closure of Lehman Brothers and "desperation" acquisition of Merrill Lynch by Bank of America wasn't bad news to everyone it seems.
Possibly a Thousand More Banks Will Close Says Analyst
Wilbur Ross, chairman and CEO of WL Ross & Co., provided CNBC viewers with a most ominous prediction.
Is Washington Mutual Going to be the Next Bank to Fail?
With news that Lehman Brothers is facing immanent bankruptcy and Mer
Lehman Brothers Bankruptcy Would be Biggest in 18 years
The New York Times was reporting on Sunday that the bankruptcy of Wall Stree
Party Gaming a No Show in US Court
While unrelated to their plight in the US since UIEGA, Party Gaming (who owns Party Poker) has taken the extreme measure of refusing to show up for a court battle against a US-based slot machine ma
50 Percent Chance US Will Go Into Recession By End of 2008
Isn't the US already in a recession? Not quite....but almost!
Americans are losing their jobs at a steady clip, Ben Steverman of Business Week reported this week. According to a Labor Dept. report released Sept. 5, the unemployment rate hit 6.1% in August, and U.S. payrolls dropped 84,000-with both numbers worse than economists were expecting.
Wachovia in Better Shape According to Prediction Markets
Despite receiving the most betting volume, the gambling majority does not believe that Wachovia will be closing before the year's end.
PartyGaming Latest to Cut Jobs in Online Gambling Sector
PartyGaming, once the largest online poker firm, has announced it will be laying off more than 100 employees in its Gibraltar office.
Southwest Airlines Lets the Industry Have it During 2008 NFL Opener
Southwest Airlines - the official sponsor of the NFL - let the airline industry have it Thursday night with an ad that reinforces the idea that Southwest, unlike most of its competitors, does not c
PartyGaming Indian Co-Founder Appears on Forbes 15 Asian Billionaire List
Anurag Dikshit, with net worth of $1.6 billion, spearheaded the development of technology that helped in the launch of the online poker boom.
Las Vegas in India Courtesy of Las Vegas Sands
Sands head Sheldon Adelson wants to build a Las Vegas in India and why not? With over one billion people, India is the second most populated country in the world outside of China.
Gambling911.com Test Article
Testing System Article - Please Excuse us as we Conduct a Systems Test While Site Remains Online.
First, he has hinted at choosing Florida Governor Charlie Crist as his running mate. Florida likes its Republican Governor, whose own Election Day ads referred to him as a “Ronald Reagan Republican”. Crist hasn’t suffered the backlash brought on by the unpopularity of the current Republican administration.
This is a contest test.
Stronger Dollar Could Rally Economy: Gambling Affiliates Worry
The US dollar this week hit a 6 month high against the euro and it might not be done just yet.
MarketWatch: Gaming-Fund Manager on MGM, Scientific Games, Gigamedia
CHICAGO (MarketWatch) -- Dan Ahrens has been on a serious losing streak in Las Vegas but since he always bets on the house, he's confident that his luck will soon change.
Ahrens is manager of the Ladenburg Thalmann Gaming and Casino Fund, which is down more than 40% over the past 12 months as investors sell gambling stocks in the wake of an accelerating decline in visitation and gambling revenue in Sin City and elsewhere.
"The selling has been very overdone," Ahrens said. "Gaming revenues are down somewhat in Vegas but it is far from a ghost town.
Everest Poker Revenues Way Up for Parent Company
Everest Poker's parent company GigaMedia's second-quarter results revealed revenues were up 31% on same period last year to US$52.5m, with operating income growing 18% to US$11.9m.
Ladbrokes Prepared to Accept US Poker Bets Says Managing Director
England's largest bookmaker, Ladbrokes, is said to be considering accepting US poker bets in a move sure to rattle the industry.
Online Poker Could Heal California’s Worst Financial Woes Since Depression
Mort Saltzman of the Sacramento Bee on Wednesday warned not to get overly worked up about legalized online poker
Starbucks Closes 16 Starbucks in Las Vegas
A sure sign the US economy is in trouble - Starbucks is closing 600 of 11,168 stores and 16 in Las Vegas alone (10 percent of all Starbucks in Sin City).
Starbucks' surge and contraction mirror the Las Vegas economy, said Keith Schwer, director of the Center for Business and Economic Research at the University of Nevada in Las Vegas. ``We've gone from having a better unemployment situation than the national economy to one that is slightly less.''
Exxon Biggest Quarterly Profit in US History as Airlines, Vegas Suffer
US Government Targets Payment Processors for Online Gambling in States
New Bank for Online Gamblers: Ivobank Backed by Powerful Family
A new online bank catering to online gambling enthusiasts has opened and offers fast and secure online money transfer services.
PayPal Sharing Customer Information With Government
Lots of people use PayPal but the online payment solution seems to care little about customer privacy.
