Business & Financial

ProDraftLeague.com Raises ‘7 Figures’ Worth of Funding: Business Doubles in One Month

Vancouver-based ProDraftLeague.com hopes to make the big leagues, having just raised over a million in funding since January and doubling their business from roughly 5000 customers to 10000 customers since the start of the year.  

Submitted by Aaron Goldstein on, Feb/18/2015

FanDuel Looking for a $1 Billion Valuation: Wants to Go Public Next Year

FanDuel.com, one of the two largest daily fantasy sports sites, is looking to raise another $100 million over the next few months in order to reach a $1 billion valuation. 

Submitted by Aaron Goldstein on, Feb/17/2015

First Online Gambling Site Intertops Returns to U.S. After Nearly 4 Year Absence

Antigua-based Intertops has re-entered the U.S. market after exiting in 2011.  The site features a popular sportsbook, online casino and poker room.

Intertops, an Austrian-owned company, has the distinction of being the first ever online gambling site.  It has held a license on the island of Antigua for 20 years now. The company has a reputation for fast payouts and few complaints.

Submitted by Aaron Goldstein on, Feb/17/2015

TradeSports.com a New Type of Fantasy Sports League Where Salary Cap is Eliminated

NEW YORK -- Your state lottery never pays you to try out one of its new scratch-off tickets.

And your local casino never hands you free cash to sit down at the poker table with.

And most certainly your local neighborhood bookie never calls you up and tells you he's going to start paying you to make bets with him on sporting events.

But when it comes to the crowded and cut-throat world of fantasy sports, anything you can do to rise above the din and garner attention is a plus.

Even if it means doling out free cash!

Submitted by Thomas Somach on, Feb/16/2015

Trading Apps Wooing Gamblers

LONDON (Reuters) - Twenty-something consumers raised on video games such as Grand Theft Auto and Angry Birds are being wooed by financial trading apps, keen to build bridges with a post-crisis generation that is disinterested in financial services or plain mistrustful.

Bright colors, cartoon graphics and the ability to trade risk-free with virtual credits are features of apps such as BUX and Kapitall, which eschew financial lingo and complex charts in favor of competitive head-to-head battles and motivational messages like "OMG!" after placing a trade.

Submitted by Reuters on, Feb/16/2015

William Hill and 888 End Takeover Talks, Nio Acquires Guts.com

William Hill, Great Britain’s biggest bookmaker, has confirmed they ended talks to buy 888.com.

Shares in 888 Holdings plunged in early morning trading Monday as a result of the news.

“Due to a significant difference of opinion on value with a key stakeholder, it has not been possible to reach agreement on the terms of a possible offer and the board of the company has agreed with William Hill to terminate discussions,” 888 said.

Submitted by Aaron Goldstein on, Feb/16/2015

Bwin.Party Shares Tank as Hopes for Buyer Diminish

Shares in the FTSE 250 online gambling company Bwin.Party lost almost a fifth of their value Friday after reports surfaced that a potential suitor had stopped pursuing the struggling company.

The shares fell 18.95p to close the day at 83.55p.

The gambling firm was in talks to be acquired this past November but discussions reportedly stalled.

Submitted by Aaron Goldstein on, Feb/13/2015

Ray Rice Gets $1 Mil Contract Offer From Daily Fantasy Sports Site ProDraftLeague

A daily fantasy sports site has offered NFL player Ray Rice a $1 million sponsorship deal to represent their company.  Rice was suspended by the NFL after he was observed punching his then fiancé in an Atlantic City casino elevator.  His former team, the Baltimore Ravens, cut the star soon afterwards.

Submitted by Don Shapiro on, Feb/13/2015

Bookmaker Looks for Boost With Morgan Spurlock ‘Inside Man’ Bitcoin Survival Piece

CNN’s Morgan Spurlock “Inside Man” plans to take us inside the world of anonymous digital currency Bitcoin on Thursday February 19, 2015 at 9 pm EST and online gambling site Bookmaker.eu is hoping to capitalize on what will likely be a mini-surge of sorts on folks trying out the mysterious currency.

Submitted by Aaron Goldstein on, Feb/13/2015

Criminal Probe of Christie-Adelson Relationship, PokerStars Runaround Possible

New Jersey Republican Governor Chris Christie is being accused of preventing the world’s largest online poker room, PokerStars, from entering into a deal with Atlantic City’s Resorts Hotel and Casino and his relationship with casino mogul and GOP mega donor is being cited as the reason why.

PokerStars made plans to open a $10 million poker room at the Resorts Casino back in June 2013.     

Submitted by Gilbert Horowitz on, Feb/12/2015

Attorney Jeffrey Ifrah to Speak at First Ever Daily Fantasy Sports Expo

One of the most prominent attorneys in the world of fantasy and gaming, Mr. Jeffrey Ifrah, has been slated to speak at the first ever Daily Fantasy Sports Expo in sunny Miami Beach this August 6-7.

Submitted by Payton on, Feb/12/2015

Fantasy Sports Site DraftKings.com Exclusive Deal With UFC ‘Imminent’

One of the powerhouses in daily fantasy sports, DraftKings, is reported to be close to an exclusive sponsorship deal with the UFC (Ultimate Fighting Championship).

Colin Neville, vice president of the venture capital firm The Raine Group in NYC, first disclosed the pending UFC deal during a conference in New York City on Monday.

Submitted by Aaron Goldstein on, Feb/11/2015

FINRA Investigation Into Amaya, PokerStars Acquisition Could Scare Off US Suitors

PokerStars had hoped to potentially enter the U.S. regulated online poker market through an acquisition by Canadian gaming firm Amaya.  Those hopes could soon be dashed with fears over an ongoing investigation into last year’s blockbuster acquisition being conducted by the Financial Industry Regulatory Authority (FINRA).

Submitted by Ace King on, Feb/11/2015

Daily Fantasy Sports Expo to be held August 6-7, 2015 in Miami Beach

First ever trade show and conference covering the daily fantasy sports industry. DFSE plans to bring new faces to the industry, introduce unique methods of thinking and provide the ultimate networking experience for executives.

New York, NY--Ticonderoga Ventures, Inc. announces the Daily Fantasy Sports Expo ( www.fantasysportsexpo.com ) on August 6-7, 2015 at the Miami Beach Convention Center.

Submitted by Press Release on, Feb/11/2015

William Hill in Talks to Acquire 888.com: Shares Jump Over 20 Percent on News

(Reuters) - Online gambling company 888 Holdings has received a takeover approach from Britain's biggest bookmaker William Hill, it said on Tuesday,, lifting its share price by more than 20 percent.

The statement from 888 came shortly after The Times newspaper reported that William Hill had held advanced talks over a 750 million pound ($1.14 billion) offer as it looks to accelerate expansion of its online gaming operations.

The report said William Hill had reached a preliminary agreement with the 888 board on an offer at 210 pence a share.

Submitted by Reuters on, Feb/10/2015

Chinese Casino Operator, Former Mining Exec Executed

Submitted by Associated Press on, Feb/09/2015

Pay Per Head para la Locura de Marzo (March Madness)

Una gran cantidad de la Pay Per Heads (Paga Por Cabezas) tiene esta idea de que , con la temporada de fútbol americano terminada , también lo es el trabajo por ahora y es el momento de cerrar la tienda. No PayPerHeadAgents.com!

Este servicio Pay Per Head está reclutando activamente nuevos clientes.

Submitted by Aaron Goldstein on, Feb/09/2015

Pay Per Head for March Madness, College Basketball Tournament

It’s just around the corner so if you are in need of a Pay Per Head for March Madness and the College Basketball tournament, be sure to check out PayPerHeadAgents.com.

Submitted by Aaron Goldstein on, Feb/09/2015

Fantasy Site DailyMVP.com Puts Twist on Fantasy Daily Scoring: Lands Tom Brady

Thomas Somach writes that DailyMVP.com uses a unique golf-like handicapping system to equalize performers.

LOS ANGELES -- There are so many fantasy sports leagues out there these days that the leagues have to do something spectacular to garner attention.

One that is doing just that is DailyMVP (www.dailymvp.com), which uses a unique business model that mimics the dynamics of a player's handicap in golf.

Submitted by Thomas Somach on, Feb/08/2015

Judge Puts Revel Casino Deal on Hold

(Reuters) - A federal judge in New Jersey on Sunday called a temporary halt to the pending sale of bankrupt Revel Casino in Atlantic City and scheduled a hearing on Monday on a motion to block some of the terms of the $94.5 million deal.

U.S. District Court Judge Jerome B. Simandle ordered an emergency hearing for 3 p.m. in the proposed sale of the property to Florida developer Glen Straub, who could lose his $10 million deposit if the deal does not close by Monday's deadline.

Submitted by Reuters on, Feb/08/2015

US Military Veteran Hopes to Take ReverseFantasyFootball, DraftDawgs to Next Level

EAST WINDSOR, NJ – With the conclusion of the 2014 NFL season the fantasy sports market has without a question of a doubt enjoyed its largest season.  The unprecedented popularity of weekly fantasy leagues offering cash prizes without season long commitments has been extraordinary - with many new sites joining the fray at the start of this past football season. 

Submitted by Tyrone Black on, Feb/06/2015

DraftKings Partners With LA Clippers: Becomes Official Fantasy Partner

The Los Angeles Clippers and DraftKings announced today a partnership that makes DraftKings the official daily fantasy sports partner of the Los Angeles Clippers. The agreement marks the team’s first-ever partnership with a one-day fantasy sports website. DraftKings is the largest U.S.-based provider of daily fantasy sports contests across a broad range of professional and college sports, including basketball.

Submitted by Press Release on, Feb/05/2015

PlayMLF.com Daily Fantasy Sports Site Movin’ On Up: DraftKings Gets Warriors

Daily fantasy sports firms continue to expand with the explosive popularity of the sector in recent months.  PlayMLF.com just announced via their Twitter account, they too are in need of improved office space.

Submitted by Nagesh Rath on, Feb/05/2015

Gary Loveman to Step Down as Caesars CEO

LAS VEGAS (Associated Press) — Caesars Entertainment Corp. chief executive Gary Loveman announced Wednesday he will hand the reigns of the casino-hotel empire to former Hertz rental car CEO Mark Frissora, effective July 1.

Submitted by Associated Press on, Feb/05/2015

Unregulated Bitcoin Could Soon Become Regulated in New York, California

New York’s Department of Financial Services came out with a revised set of rules to regulate companies that buy, sell, hold, and transfer bitcoin and other virtual currencies.

Submitted by Aaron Goldstein on, Feb/04/2015

Vulcun Announces the Largest League of Legends Fantasy Prize: $1 Million

In business for just over a month now and kicking off with a $250000 prize pool, Vulcun will now be offering a $1 million prize for the upcoming League of Legends League Championship Series (LCS). 

Submitted by Aaron Goldstein on, Feb/02/2015

Almost $116 Million Bet on Super Bowl 49 in Nevada: 2nd Biggest Handle Ever

Nearly $116 million was bet on Super Bowl 49 in Nevada, the only U.S. state to legally allow sports betting.  The game between New England and Seattle failed to break last year’s record of $119 million however.

Submitted by Aaron Goldstein on, Feb/02/2015

Fantasy Sports New Kid Sideleague.com has an App for You

CHICAGO -- Are you a fantasy sports player?

There's an app for that.

As more and more people play in fantasy sports leagues that they access via their mobile devices rather than their computers, the leagues are making it easier for them to do so.

Submitted by Thomas Somach on, Feb/02/2015

Bitcoin Sportsbook For Super Bowl 49: The Importance of the Bookmaker News

Many fans of Bitcoin, the anonymous digital currency, may not have fully grasped the importance of Bookmaker.eu announcing its new Bitcoin sportsbook platform this past week. To say this is the biggest news related to the marriage of Bitcoin and online gambling would be an understatement.

Submitted by C Costigan on, Feb/01/2015

Nevada Casino Winnings Drop to $11 Billion in 2014

LAS VEGAS — (Associated Press) - Nevada's slow and steady gambling winning streak ended in 2014 with $11 billion captured behind casino cages, down 1.1 percent from a year ago.

The places where the winnings dropped or didn't is what interested David Schwartz, the director of the University of Nevada, Las Vegas' Center for Gaming Research.

The Las Vegas Strip's casinos were down 16.4 percent in December to $555 million and 2.1 percent for the year to $6.4 billion, according to Gaming Control Board statistics released Friday.

Submitted by Associated Press on, Jan/30/2015

Breaking News

Say No to Sportsbook Blacklist

Since Gambling911.com revealed that seven sportsbooks had gotten together to share player information, everybody in the industry is talking.

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