Business & Financial

Full Tilt Poker Ship Keeps Sinking: Talks With Potential Investors Fall Through

The now defunct online poker company Full Tilt Poker announced on Monday that discussions with potential investors regarding the purchase of assets have fallen through.

Submitted by C Costigan on, Aug/22/2011

Merge Poker Network: She’s a Naughty Little Tease

Waiting for the Merge Poker Network to re-enter the US market is like waiting for the fall of Gaddafi at this point, only it’s taking longer.

Submitted by Jagajeet Chiba on, Aug/21/2011

Second Class Action Lawsuit Filed Against Full Tilt Poker

Yet another class action lawsuit has been filed against the now defunct online poker firm Full Tilt Poker.

Two Canadians, Zayn Jetha and Donald Whelan, are the plaintiffs in the latest action, which was filed in the United States District Court for the Southern District of New York last week.

Submitted by Ace King on, Aug/18/2011

PartyGaming Bwin Takeover Rumors: Everest Revenue Down 19 Percent

Online poker news for August 19, 2011 has PartyGaming Bwin as a possible takeover target while the online poker network Everest continues to witness a drastic decline in revenues. 

Bwin.Party became the world’s largest online gambling company after the two companies merged back in March.  Rumors of an entry into the US market have prompted news that Wynn Resorts might be interested in taking over the firm.  The UK’s largest bookmaker, William Hill, has also been linked to a potential takeover of Bwin.Party. 

Submitted by Aaron Goldstein on, Aug/18/2011

Company Files Patent Infringement Lawsuit Against Zynga

With the US Justice Department aggressively seizing domain addresses of companies alleged to be involved in patent infringement, Zynga better be careful.

Submitted by Aaron Goldstein on, Aug/17/2011

Manchester United Planning a $1 Billion IPO in Singapore

Manchester United, the England Premier League champions, are reportedly planning a $1 billion Initial Public Offering in Singapore (IPO). 

Submitted by Aaron Goldstein on, Aug/17/2011

888Poker Up 128 Percent, PartyPoker.fr Climbs As Well

Submitted by C Costigan on, Aug/16/2011

CEO of Ceasar’s Gary Loveman: “I do Believe There’s a Will in Congress to Correct This (UIGEA)”

In an interview over the weekend with the Financial Times of London, Ceasar’s CEO Gary Loveman said he feels legalized Internet poker will be inevitable in the very near future. 

Submitted by Ace King on, Aug/16/2011

Sportingbet Trading on London Stock Exchange Suspended

One of the largest online sports betting firms in the world, Sportingbet, has suspended trading on the London Stock Exchange.

Submitted by Aaron Goldstein on, Aug/16/2011

Jockey Club $10 Million Marketing Free-to-Play Horse Racing Mock Betting Site, Social Networking

The free-to-play poker site model has proven huge and now the horse racing sector is looking to capitalize with the Jockey Club’s $10 million marketing commitment.

www.twinspires.com

Submitted by C Costigan on, Aug/15/2011

PartyPoker Wins Battle for Number Two But War Continues

It didn’t take long but PartyPoker has once again claimed the number two spot among the largest online poker rooms.

Submitted by Ace King on, Aug/15/2011

Zynga Poker Makes its Google+ Debut in Battle With Facebook Over Online Gaming

The biggest free poker site online for Texas Hold’em fans, Zynga, has made its Google+ debut along with Angry Birds. 

Submitted by Aaron Goldstein on, Aug/11/2011

Las Vegas Hilton Goes Into Default

Submitted by Aaron Goldstein on, Aug/10/2011

Unibet 2011 First Half Numbers Falls 11 Percent

Submitted by Aaron Goldstein on, Aug/10/2011

iPoker Overtakes PartyPoker in World Traffic Rankings: First Time in Second Place

For the first time in its history, the iPoker Network has landed in the second place spot of the world’s most trafficked online poker rooms.

Submitted by C Costigan on, Aug/08/2011

The Party’s Over: Tournament Rake Returns at PartyPoker

Submitted by Ace King on, Aug/07/2011

Deck Media, Slot-O-Cash Online Casinos Leave US Market…And Good Riddance

Yet more dramas for igaming companies who have targeted the US.

Submitted by Greg Tingle on, Aug/05/2011

In-Play Wagering, Mobile Gambling Helps Boost William Hill Numbers

The UK’s biggest bookmaker, William Hill, witnessed a 23 percent year-on-year increase in online net revenues, driven heavily by mobile and in-play wagering.

Submitted by Aaron Goldstein on, Aug/05/2011

Stocks Plummet in Online Gambling Sector

Submitted by Aaron Goldstein on, Aug/05/2011

Sports Betting Ireland: Ladbrokes Hit Hard by Cheltenham

Submitted by Aaron Goldstein on, Aug/04/2011

European Poker Tour Season 8 has a New Sponsor

Submitted by Ace King on, Aug/02/2011

Full Tilt Poker Kahnawake License: What Does it Mean?

Many were stunned Monday upon learning that the Kahnawake Gambling Commission had granted disgraced Full Tilt Poker an online gambling license. 

Submitted by C Costigan on, Aug/02/2011

Full Tilt Poker Bank SunFirst is Struggling

Submitted by C Costigan on, Aug/01/2011

Online Poker Fastest Payouts for US Players

Gambling911.com continues to monitor the online poker scene and the fastest payouts for US citizens heading into August 2011.

We reported just the other day that some Americas Cardroom customers were actually in receipt of payouts within three business days, which these days is virtually unheard of.  DoylesRoom and sister site True Poker both advertise payouts in under 14 business days. 

Submitted by C Costigan on, Jul/30/2011

Breaking News

Slot Machine & Casino Gambling Industry Market Report

Slot Machine & Casino Gambling Industry Market Report

The slot machine industry continues to grow at a healthy pace. Slots are viewed as the engine that drives the land-based casino industry as well as real money gambling online. The prospect for future growth beyond 2018 is one of the primary topics covered in a recent post on PlaySlots4RealMoney.com Gambling News by Rich Caesar.

Icelandic Fugitive in Bitcoin Heist Arrested in Amsterdam

Amsterdam police have arrested an Icelandic fugitive suspected of masterminding the theft of hundreds of computers used to mine bitcoin and other virtual currencies.

Weekslong Manhunt Ends With Capture of Degenerate Gambler Accused of Killing Husband

Weekslong Manhunt Ends With Capture of Degenerate Gambler Accused of Killing Husband

A Minnesota woman who led authorities on a weekslong manhunt after she allegedly killed her husband, then went to Florida and befriended — then killed — a woman who resembled her, is now facing charges in two states.