Business & Financial
Online Gambling Affiliates Now Welcome in New Jersey With Income Access
Popular online gambling super affiliate company Income Access has entered into a partnership with Betfair.com to allow affiliate marketing in New Jersey.
Internet gambling firms are looking for creative ways to catch up with bwin.party, which so far has dominated the airwaves and offline media throughout the New Jersey-New York-Pennsylvania region.
Whether affiliates will be enticed enough to focus on such a limited market remains to be seen. Only those physically located in New Jersey will be able to wager with Betfair.
SatoshiDice.com Bitcoin-Denominated Stock Sale Draws Ire of SEC
Bloomberg News is reporting that the Securities and Exchange Commission is conducting an investigation into the Bitcoin-denominated stock sale of the online gambling website SatoshiDice.com.
Paddy Power Pistorius ‘Will He Walk’ Bet Ad Most Complained About Ad Ever
The UK Advertising Standard Authority (ASA) has said that Irish bookmaker Paddy Power’s Oscar Pistorius murder trial 'Money Off If He Walks' ad was the single most complained-about advertisement ever recorded.
Paddy Power was forced to pull the ad after the ASA issued it a dire warning.
The ASA in its findings released Wednesday said: "We acknowledged that the ad had appeared in the context of a high profile murder trial that had received extensive media coverage and was of interest to the public.
William Hill, Other UK Bookmakers Hit Hard by Budget Blow
(Reuters) - The FTSE 100 slipped on Wednesday, with insurer Legal & General and gambling company William Hill slumping as changes imposed by the UK budget threatened their profits.
Fred Done Done With Manchester United: Refunds Bets to Win Premier League
BetFred.com’s colorful founder Fred Done has been widely criticized in the past for refusing (at least for a short while) to pay an Olympian’s granny the bet she placed on her long shot grandson and, more recently, proposing to slash employee salaries in half (something that does not appear to have come to fruition just yet).
Ladbrokes Boss Rewarded £4.7m: 85 Per Cent Pay Raise: Still Faces August Axe
Richard Glynn may be on the hot seat if he can’t turn things around at the UK’s second largest bookmaker, Ladbrokes. Glynn has already been issued a dire warning that he will be getting the axe come August if financials don’t improve come August.
PartyPoker Founder Sued by Chevron Over Alleged Fraud
A judge in Gibraltar has that oil giant Chevron can move forward with a lawsuit seeking unspecified damages from PartyPoker (now Bwin.Party) co-founder Russell DeLeon in connection with his financing what the oil company says was a liability suit that ultimately turned into a racketeering conspiracy.
Caesars to Develop Casino in South Korea
SEOUL/HONG KONG (Reuters) - Caesars Entertainment Corp looks set to build its first gaming resort in Asia after South Korea granted preliminary approval for a large-scale foreigners-only casino - a key boost for a company that has largely missed out on the region's boom in gambling revenues.
The consortium of Las Vegas-based Caesars, Singapore's OUE Ltd and Hong Kong-based Lippo Ltd is also one of the first foreign ventures to gain an entry into South Korea's casino industry, a promising market by virtue of its proximity to China and the country's wealthy punters.
Ifrah Law Wins Dismissal in PokerStars Class Action
Ruling for defendants in plaintiff-friendly jurisdiction likely spells end of class action
Billionaire Macau Real Estate Developer Joseph Lau Found Guilty of Bribery
(Reuters) - Real estate developer Chinese Estates Holdings said on Sunday its Chairman and Chief Executive Joseph Lau has resigned after he was found guilty of bribery and money laundering charges in Macau.
New Hampshire House Kills Gambling Bill
CONCORD, N.H. (Associated Press) - New Hampshire's House has stuck to its long-term tradition of opposing a casino and killed a bill that proposed licensing one casino with up to 5,000 video slots and 150 table games.
The House voted 173-144 Thursday to kill a bill that was the result of a special commission appointed to study regulatory issues after a casino bill failed in the House last year. The House has repeatedly rejected efforts to legalize casinos.
Caesars Claims Hidden Agenda Behind Mass Unflattering Background Check
Attorneys for Caesars Entertainment are citing newly released information from a Massachusetts Gaming Commission report as the main reason for an “unflattering background check” that prevented the casino giant from landing a lucrative contract in the state.
Mandalay Bay Will Pay Half-Million Dollars After Drug, Prostitute Bust
LAS VEGAS (Associated Press) - The Mandalay Bay Resort plans to pay a half-million-dollar fine after employees at an upscale Las Vegas Strip lounge provided prostitutes and drugs to undercover officers.
The Nevada Gaming Control Board filed a proposed settlement with the casino this week. It’s awaiting approval by the Nevada Gaming Commission.
Bwin.Party Sees Return to Growth Ahead of World Cup: Activist Investor Watches
(Reuters) - Online gambling company Bwin.Party said this year's soccer World Cup would help it to return to growth after problems in Greece and a shift away from riskier markets cut earnings in 2013.
Bwin.Party is concentrating on fewer markets where regulations are more clear cut and is expanding in the United States as gambling rules are relaxed there.
Rival Betfair, another of a cluster of online gambling companies that have grown up over the past decade, is pursuing a similar strategy.
Internet Gambling Growth Slows in New Jersey
ATLANTIC CITY, N.J. (Associated Press) — The growth of New Jersey's Internet gambling market slowed somewhat in its third full month of operation, with the Atlantic City gambling websites posting a nearly 9 percent revenue increase in February.
The 16 online gambling sites had posted a 28 percent gain in January, to $9.5 million. In February, the online sites won $10.3 million.
Las Vegas Gambling Pioneer Jackie Gaughan Dies at 93
(Associated Press) - A Las Vegas gambling pioneer who once owned much of the downtown casino market has died. John "Jackie" Gaughan was 93.
Clark County coroner's officials say Wednesday that Gaughan died in hospice care.
Gaughan is most closely associated with the El Cortez casino, which he used to own. He lived in a penthouse apartment there and was known to play poker in the casino almost every day.
He has also been associated with the Showboat, the Golden Nugget, the Pioneer and Boulder clubs, the Flamingo and the Royal Inn.
Online Poker Room TigerGaming.com Now Offering 24 Hour Payout Guarantee
The management of the Chico Poker Network are once again thrilled to announce that, after their acquisition of the network, they can now put out a very strong and positive message to all players at TigerGaming.com! They are offering 24 hour payouts, guaranteed - via Skrill, Neteller and EcoPayz, to all their players online!
Sands Casino Guest Credit Card Information Hacked Into
If you have stayed at the Sands Bethlehem Casino or any of the other Sands Las Vegas affiliated casinos, including the Venetian, you may want to double check your credit card bill. It turns out that customer credit cards have been compromised as part of a hacking that took down all of Sands site an entire week last month.
Satoshi Nakamoto Claims Not to Have Been Creator of Bitcoin (Video)
LOS ANGELES (Associated Press) - Dorian Prentice Satoshi Nakamoto said Thursday that he is not the creator of bitcoin, adding further mystery to the story of how the world's most popular digital currency came to be.
The denial came after Newsweek published a 4,500-word cover story claiming Nakamoto is the person who wrote the computer code underpinnings of bitcoin.
‘I’m Not a Sore Loser’ Says Man Suing Casino That Let Him Lose $500k Drunk (Video)
"Just picture a drunk walking the street and he's drunk, and someone pickpockets and takes his money from him. That's how I characterize it," Mark A. Johnston said in an interview with CNN. "I feel like it's the days of old Vegas, the way they've been extorting me with letters and attorneys."
Paddy Power Stops Pistorius Bet: 1000 Wagers Taken, Over 5000 Complaints
Irish bookmaker Paddy Power has finally caved in and ceased taking wagers on the Oscar Pistorius murder trial in South Africa. Pistorius shot his wife dead last year, mistaking her for an intruder. The paraplegic runner insists the shooting was an accident.
Some Payment Processors to Block Unlicensed Online Gambling Sites in UK
Some of the UK-based payment processors have agreed to block money transactions to and from unlicensed online gambling sites.
Ultimate Gaming Joins Forces With Peppermill Resort Spa Casino
LAS VEGAS - Ultimate Gaming, America’s first regulated online gaming operator, and Peppermill Resort Spa Casino, Reno’s premier AAA Four-Diamond resort, have agreed to terms in a joint marketing partnership.
5000 Plus Complaints Lodged Against Paddy Power Pistorius Bet Ad
As Gambling911.com reported yesterday, Irish bookmaker Paddy Power was forced to remove an ad promoting wagering on the Oscar Pistorius murder trial following some 5000 complaints filed with the Advertising Standards Authority.
Bitcoin Exchange Executive Found Dead: No Foul Play According to Police
SINGAPORE (Associated Press) — The CEO of a virtual currency exchange was found dead near her home in Singapore.
A police spokesman said Thursday that initial investigations indicated there was no suspicion of "foul play" in the Feb. 26 death, meaning officers do not suspect murder.
The spokesman said police found 28-year-old Autumn Radtke, an American, lying motionless near the apartment tower where she lived.
Police have so far classified the death as "unnatural," which can mean an accident, misadventure, or suicide.
Paddy Power in Hot Water With ASA Over Pistorius Advertisement
“It’s Oscar Time” – such read an advert from the controversial Ireland-based bookmaker PaddyPower.com.
Oh yes, punters love to bet on the Oscars, and they did in droves this past Sunday.
There’s just one small problem. Paddy Power’s ad had nothing to do with the Academy Awards, although it certainly looked to capitalize on them.
Phil Hellmuth Squares Off Against Global Poker Index Head Alexandre Dreyfus
Poker pro Phil Hellmuth and Global Poker Index (GPI) head man Alexandre Dreyfus duked it out last night while attending the LA Poker Classic.
It was all in good fun.
Two weeks ago, Hellmuth criticized the GPI for not being “egalitarian” enough.
Zynga Hits One-Year High: Surges 8 Percent on Poker News
Social gaming company Zynga saw its shares rise 8% Tuesday on news that it planned to enter the real money online gambling market in jurisdictions where the activity is legal.
CEO Don Mattrick spoke at a Morgan Stanley conference regarding his company’s mobile plans and expansion into more real money gambling markets.
The stock closed up 8.02% to $5.66, up 42 cents from its previous close of $5.24. It amassed a volume of 56,531,323, more than double its average of 27,192,600. It hit a low of $5.43 for the day and holds a one-year low of $2.50.
Equity Poker Network Acquires Action Poker
San Jose, Costa Rica - EquityPokerNetwork.com (“EPN”) announced today that it has acquired the long established Action Poker brand. The Network is positioning ActionPoker.com (“Action Poker”) as the European sister brand to the recreational poker site FullFlushPoker.com, which has quickly grown in popularity and player numbers since it’s real-money gaming launch in November last year.
Outrage Over Paddy Power Oscar Pistorius Murder Trial Betting Intensifies
The public – and presumably a chunk of Paddy Power’s customer base – have taken to Twitter to lambaste the Irish bookmaker for continuing to take bets on the outcome of South African paraplegic runner Oscar Pistorius’ murder trial.
