Business & Financial
Sportsbooks Come Out on Top With Mayweather-Pacquiao Fight
It was billed as the “Fight of the Century” and certainly lived up to all the hype, at least where the gambling world is concerned.
Mayweather vs Pacquiao Vegas Odds: Flood of Money Coming in on Pacman
Mayweather vs. Pacquiao Vegas odds were all over the map with early action coming in on Manny Pacquiao.
Mayweather-Pacquiao Most Popular Bets: Fight Shatters Online Records
Carrie Stroup here with your Mayweather-Pacquiao fight most popular bets – those that were seeing the most wagering action at Sportsbook.ag.
Betting on the Mayweather Pacquiao Fight to Exceed $60 to $80 Million
Experts predict that betting on the much ballyhooed Mayweather Pacquiao fight will range between $60 and $80 million. And that’s only in the state of Nevada.
Current Line on the Mayweather-Pacquiao Fight: Wiseguy-Bookie Cat and Mouse
The current line on the Mayweather-Pacquiao fight as of Friday morning was coming in at -195 for Mayweather and +165 for Pacquiao.
Any Online Sportsbooks Accept Bitcoin for Mayweather-Pacquiao Fight?
BetOnline is the latest online sportsbook to accept the anonymous digital currency Bitcoin and will be doing so for the Mayweather-Pacquiao fight. They have been a long time sponsor of the Gambling911.com website.
Verdict to be Rendered Shortly in Luke King Billion Dollar Sports Betting Case
A verdict was anticipated in the coming days in the case of Legends Sports founder Bartice “Luke” King, who is charged with running an online sportsbook for well over a decade that allegedly took in over a billion dollars.
666Bet.com Making Some Payouts Following Disarray, Arrest
Some customers report receipt of payment from shuttered 666Bet.com following anxious weeks of waiting.
The company has addressed the issue further by advising that customers will now need to open Skrill accounts in order to request withdrawals.
We are aware of the problem with pending withdrawals from March and are working a resolution to return balances to customer accounts asap.
Betfair Account Recovery System Flaws Raise Alarms
Betfair, Europe’s largest betting exchange, has reassured its customers that it is fixing issues uncovered with its account recovery system.
A major security flaw was detected by users in recent days.
Poker Site Owner DFS Critique: ‘Like Crack Dealer Warning About Fen Phen’
Many a daily fantasy sports player has taken issue with Americas Cardroom CEO Phil Nagy’s recent critique about the dangers of the Daily Fantasy Sports (DFS) sector.PokerFuse.com interviewed Nagy recently, who warned that many of these new daily fantasy sports websites will likely go under by year’s end and players wrongfully believe that most are regulated. They are not.
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Ex-Wife of Wynn Won’t Stay on Board of Wynn Resorts
LAS VEGAS (Associated Press) — Elaine Wynn failed Friday to win re-election to the board of Wynn Resort Ltd. — the casino-hotel company she co-founded with ex-husband Steve Wynn — a development that ended a feud over the issue.
Shareholders who had to decide between re-electing Elaine Wynn or agreeing with a company recommendation to re-elect two other sitting board members ultimately sided with the company.
China Targets Gambling Mecca Macau in Latest Corruption Crackdown
(Reuters) - China's fight against corruption has spread to the world's largest gambling hub, the former Portuguese colony of Macau, where seven people including government officials are being investigated for graft, including accepting bribes.
The developments are in stark contrast to last year, when no high-profile officials were questioned about bribery, according to the website of Macau's Commission Against Corruption. The commission did not immediately respond to a request for comment.
Jimmy Vaccaro: Vegas Derby Record Could be Set Thanks to Mayweather-Pacquiao
Oddsmakers in Vegas aren’t just anticipated huge action on this weekend’s highly anticipated fight between Floyd Mayweather, Jr. and Manny Pacquiao. The Kentucky Derby is happening that very same day (May 2) and at least one oddsmaker believes that fight could help to set Derby betting records.
FanDuel Gets Naming Rights on Floyd Mayweather Trunks
The world leader in daily fantasy sports, FanDuel.com, announced this week it has purchased the naming rights to none other than Floyd Mayweather’s trunks. He will have them on full display during his highly anticipated May 2 bout with Manny Pacquiao.
As part of the deal FanDuel will award six tickets to the welterweight fight at the MGM Grand in Las Vegas.
Goodell Addresses Daily Fantasy Sports, Gambling and the NFL
NFL Commissioner Roger Goodell addressed the Associated Press Sports Editors group Friday on a number of topics, including daily fantasy sports and the role gambling may play in the National Football League (NFL).
In particular, Goodell referenced a number of sponsorship deals between individual NFL franchises (and other professional sports teams) with daily fantasy companies the likes of DraftKings and FanDuel.
From the Canadian Press:
BetMayor Casino Complaints: Gambling Company Confiscates $51,000 From Player
A player has reported that BetMayor Casino has confiscated $51,000 in winnings after that individual went on a two-month hot streak, winning 87% of the nearly 40,000 hands.
William Hill Reports Record Weekly Loss in January
The United Kingdom’s biggest bookmaker revealed it lost £14m in January after a series of what it referred to as "customer-friendly" football results.
Shares were down 3.3 percent in Thursday’s midafternoon trading as a result. Some of that was recovered by Friday.
FanDuel Enters Into Deal With 15 NFL Teams
NEW YORK — (Associated Press) - Nearly half of the teams in the NFL have signed sponsorship deals with FanDuel, the daily fantasy sports website.
The announcement of 15 football teams on Wednesday adds to the roster of professional sports sponsorships for FanDuel. It already had a deal with the NBA, which received an ownership stake in the company, and seven pro basketball teams. Major League Baseball and the NHL have deals with a competitor, DraftKings.
Las Vegas Sands Misses 1st Quarter Earnings: 34 Percent Drop in Profit
LAS VEGAS — (Associated Press) Las Vegas Sands Corp. CEO Sheldon Adelson said he knew what question was coming: when would the steady and steep decline in the world's most lucrative gambling market hit bottom?
A corruption crackdown that has shaken up the up-until-recently skyrocketing gambling business in Macau, China has sped swift drops in revenue and activity there.
English Sports Betting Head Dead
The long time CEO and Managing Director of one of the first offshore sports betting companies, English Sports Betting, has passed away.
Tom Lanford died from natural causes recently. He ran the long established company while it was based out of Jamaica during much of the 1990’s. Once a wealthy businessman, Lanford was living on the streets of Atlanta, homeless, at the time of his death at 53.
Yahoo! to Enter Daily Fantasy Sports Sector
Long established in the world of season-long fantasy sports, Yahoo! CEO Melissa Mayer announced this week that the multinational Internet corporation and search engine powerhouse will be entering the real money daily fantasy sports market this summer.
New Credit Card Merchant Number May Boost State Online Gambling Acceptance
Since New Jersey legalized online gambling in the Garden State over a year ago, one of the biggest obstacles has been the low acceptance rate of credit cards.
Many of the major banks have blocked nearly all forms of Web gambling transactions in recent years, failing to discern between "legal" (the NJ sector, fantasy sports, horse racing and state lotteries) and the "illegal".
Sportech Shares Rise on News of US Entry
Gambling group Sportech (SPO) gained 2.3% to 66.25p Tuesday on news its US racing subsidiary has been awarded a gaming licence in New Jersey.
Iowa Halfway Home in Legalizing Fantasy Sports, State Senator Tells G911
DES MOINES, Iowa -- In 2006, the U.S. Congress passed the Unlawful Internet Gambling Enforcement Act (UIGEA), crippling online wagering by making it illegal to use financial instruments such as credit cards to fund Internet betting.
TopBet Slow Payouts Complaints Blamed on Processing Issues
A series of slow payouts complaints related to three-year-old Manila-based online sportsbook TopBet.eu have begun filing in to the industry monitoring site SportsBookReview.com, prompting concerns from sports bettors. Update: April 25, 2015 - Some affected players report receipt of payments
PokerStars Parent Company Rational Group Appoints Zynga Exec
The parent company of the world’s largest real money online poker room has hired an executive of the world’s largest free-to-play online poker site.
Global Sports Betting Worth $3 Trillion, Most of it Illegal
(AFP) - The global sports betting market is worth up to $3-trillion, the vast majority of that generated by illegal gambling, a United Nations conference on crime being held in Doha heard on Wednesday.
Patrick Jay, a British-based independent betting expert, said around 65 per cent of that global figure was spent on football betting, with the Asian market the centre of sports gambling.
Magnus Hedman the New Man Behind the Curtain at Pinnacle Sports
SBC News has revealed that Touchbet ltd and Sporting Index owner Magnus Hedman is the new majority shareholder in Pinnacle Sports, once among the biggest online sportsbooks catering to North America. The company pulled out of the US market in 2007, opting instead to focus on Europe and Asia.
World Exclusive: Live In-Game Wagering Comes to Daily Fantasy Sports
The inventor of the world's first live in-game sports betting system for Las Vegas casinos has now invented the world's first live in-game system for sports fantasy, Gambling 911 can reveal in a world exclusive report.
Barry Mindes, an 83-year-old engineer from New York who now lives in South Florida, created the SportsXaction betting system in the mid-1990s.
SportsXacton, which debuted at the Excalibur casino in Las Vegas, allowed bettors to wager on every pitch of a baseball game while the game was in progress.
Real Money English Premier League Fantasy Contests Debut With FantasyGol
Gauatemala City-based FantasyGol announced on Wednesday the launch of its new pay-to-play real money English Premier League fantasy contests platform they hope will take the industry by storm.
This past fall FantasyGol teamed up with Rochester, New York-based Flower City Gaming, the operators behind Star Fantasy Leagues, in an effort to provide the ultimate daily and weekly fantasy sports experience.
