Business & Financial
Gambling Top Stories: More Lock Poker Payouts, Hollywood Casino Damage Report
These are the top gambling news stories here at Gambling911.com for Saturday June 1, 2013. Follow us on Twitter here.
Hollywood Casino in St. Louis Loses Roof in Severe Storms
Friday nights severe storms throughout Oklahoma and Missouri have left significant damage including a lost roof at the Hollywood Casino in Maryland Heights, Missouri outside of St. Louis. Trees and light poles were also down outside the casino. (This story was still developing)
No injuries were immediately reported at the casino. An evacuation was taking place.
If You Can Get People to Buy Virtual Farm Animals, You Can Do Well at Online Poker
Jeff Macke of Yahoo Finance writes that the world’s biggest online poker site, Zynga, could buck the trend thanks to legalized “real money” online poker in the US.
Top Gambling News: Glu Mobile Stock Rises 7 Percent With US Real Money Entry
These are the top gambling news stories as they happen at Gambling911.com for the evening/overnight period of May 30, 2013. Follow us on Twitter here.
Coke-Snorting, Gambling Addicted Former Broker: ‘You Can’t Trade on Coke’
A former City broker tells all to the London Guardian newspaper’s Joris Luyendijk Thursday, focusing on his life as a coke-snorting, gambling addicted broker who claims “It was the natural environment to unleash my inner beast”.
WSOP.com Online Poker Site Blunder: No Real Money Play Yet
As was first reported on Gambling911.com Wednesday, WSOP.com online poker rolled out its real money play site for residents of Nevada.
The problem. It wasn’t supposed to have happened yet.
Costa Rica Government Probing Marriage of Liberty Reserve Owner
News of payment processor Liberty Reserve’s indictment Tuesday should not have come as a great shock, especially to those who ran the outfit.
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WSOP.com Real Money Online Poker Site Launches
The highly anticipated WSOP.com real money online poker site has launched and was accepting deposits from those residing or visiting Nevada Wednesday (May 29, 2013).
The launch was in conjunction with the start of the World Series of Poker in Las Vegas, an event that will continue through a good chunk of July.
Top Gambling Stories – May 29, 2013: Noon EDT Wire
These are the top gambling news stories as they happen at Gambling911.com. Follow us on Twitter here.
Bitcoin Fears Loom in Wake of Liberty Reserve Indictment
Costa Rican Online Bookies Find Love, Sex at Newly Opened Jaco Beach Del Rey
An infamous meat market bar/hotel of San Jose, Costa Rica has now opened a second location on the beach in Jaco.
The Hotel Del Rey, a staple for American bookmakers and their colleagues from the early days of Costa Rica’s burgeoning online sports betting industry, announced the opening of its second location this week.
Cantor Gaming Suit Accuses William Hill of Poaching Precious Trade Secrets
As reported by the Las Vegas Review Journal this week, Cantor Gaming is none too happy about rival William Hill entering its cherished US sports betting territory.
Las Vegas Sands Corp to Develop Multi Billion Euro Casino in Madrid
Las Vegas Casino giant Las Vegas Sands Corp. has chosen Madrid for a multi-billion dollar gambling resort project which has been dubbed “EuroVegas” and will be Europe’s biggest casino and conference centre.
The latest plans for this exciting project were revealed by the company’s chairman and chief executive officer Sheldon Adelson at the Second Jerusalem International Tourism Summit.
Carbon Poker Announces Improvements to Sit & Go Offerings
Carbon Poker announced on Monday great improvements to their Sit & Go offerings including changes to the buy-in amount and VIP point entries just to name a few.
Here is a summary of the changes made:
Name Standardization
Massachusetts Officials Promise Full Review of MGM Resorts Plan
SPRINGFIELD — (Associated Press) - The chairman of the Massachusetts Gaming Commission is promising full scrutiny of MGM Resorts' plan for an $800 million casino in Springfield.
Chairman Stephen P. Crosby told the Republicans that the gaming commission is looking at every area where MGM Resorts does business. Background investigations should be complete by the end of August or early September.
Lock Poker Cash Payouts Resume
Large batches of payouts have been sent out from Lock Poker in recent days utilizing the cash transfer method following lengthy delays.
Company CEO Jennifer Larson acknowledged extensive processing issues and backlogs from the first quarter of 2013.
“The E-comm team works constantly to find new, reputable payment processors to provide secure, fast options to our players,” Larson told Gambling911.com in an exclusive interview two weeks ago. “Our number one priority right now is reducing payout times over the next few weeks.”
95-Year Old Vegas Icon Missing, Reportedly Held Captive
The wife of 95-year-old Las Vegas casino developer Kirk Kerkorian claims her husband is being held captive by his attorneys.
Kerkorian, who made $2.9 billion through the development of such Vegas landmarks as Caesar's Palace and the MGM Grand, has not been seen for nearly a year.
Lawsuits Challenge Legality of Fantasy Sports Contests: DraftDay.com Sued
The same attorney who filed suit against fantasy sports site FanDuel.com now has a suit against competitor Draftday.com.
US Online Casinos – Win Palace Accepts American Players
US online casinos for real money include WinPalace Casino, which is offering up to $1000 in FREE BONUS MONEY.
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Some of the advantages of playing at this US-friendly online casino include:
Supporting both downloadable software and the ability to place a wager without a download, credit cards accepted and a massive offering of Real Time Gambling (RTG) casino games.
International Stadiums Poker Tour Attendance Confirmation at 550 Players
PokerNews.com is reporting that 550 players have been confirmed for the highly anticipated first ever International Stadiums Poker Tour at Wembley Stadium.
The event, with an initial kickoff online to determine live qualifiers, will take place May 31 thru June 1.
From PokerNews.com:
Full Tilt Poker Engineers Help Launch Jawfish Games in US
Some of the engineers behind Full Tilt Poker have worked to create a new Seattle-based platform of online gaming called Jawfish Games.
Offerings will include multi-player real time poker tournaments.
The company has a ton of cash behind it thanks to a $3.65 million infusion from angel investors.
Jawfish Games is also partnering with Amazon to offer word games.
Bitcoin Economy Now Worth $1 Billion
The Bitcoin economy is now worth a whopping $1 billion and, despite a few near death experiences, continues to grow.
This past weekend, some 1000 people attended the Bitcoin 2013 event in San Jose, California.
Caesars to Debut Online Poker Site in Nevada by End of Summer
(Reuters) - Caesars Entertainment Group said it plans to go live this summer with an online poker site in Nevada, the only U.S. state so far to offer legal Internet gambling, and will promote the nascent service to thousands of poker players at its World Series of Poker (WSOP) tournament in Las Vegas starting May 29.
Caesars is among several gaming companies preparing to go live with online sites in the United States which could eventually generate billions of dollars in revenue for the casino industry and local governments.
Revel Casino in Atlantic City Exits Bankruptcy
CAMDEN, N.J. (Associated Press) — Revel will be getting a new start soon — with new owners.
A bankruptcy court judge on Monday approved the Atlantic City casino's Chapter 11 reorganization plan that wipes out most of its debt and provides new money for it to operate.
Judge Judith Wizmur gave the OK to Revel's plan to grant an 82 percent ownership stake to lenders in return for canceling $1.2 billion worth of debt.
Red Bull Announces Exclusive Partnership With International Stadiums Poker Tour
It was announced on Tuesday that energy drink Red Bull will act as the official beverage choice at the first ever International Stadiums Poker Tour (ISPT).
Free Sports Betting for Prizes Could be Introduced in New Jersey
For the time being, New Jersey will not be permitted to offer sports betting for real money, however, the Monmouth Racetrack is looking into a free sports betting platform for the upcoming Football season.
Bwin.Party Revenues Fall to Lowest in Three Years
Bwin.Party quarterly revenues have fallen to their lowest in three years.
Chief executive Norbert Teufelberger said revenues were unlikely to start improving until the second half of the year, but was confident the group would hit targets outlined in March.
“We guided the market that we expected revenues will decline this year by up to 10 per cent versus 2012,” he said. “Despite the first quarter revenue performance, we remain comfortable with our guidance,” he added.
Nevada Gaming Control Board Continues to Probe Colbert, Cantor Gaming
Following last October’s indictment of former Cantor Gaming Sportsbook head Mike Colbert and 24 others, the Nevada gaming Control Board continues to conduct an investigation of its own.
PokerStars Eliminates Bumhunting, Ratholing
The world’s largest real money online poker room, PokerStars, announced this week it will no longer permit the practice known as bumhunting.
The new practice is aimed at protecting players.
So what exactly is bumhunting?
This is where regular players set up online poker tables and effectively lie in wait for novices.
Cantor Gaming Using Algorithms in Creating Sports Betting Lines
Great article appearing on Wired.com on how Cantor Gaming has begun to use algorithms in determining game lines for its sports betting operations.
Cantor Gaming runs a number of sportsbooks in Las Vegas, including at the M Resort.
UltimatePoker Peaks at Near 350 Players Over Weekend
The 24-hour peak traffic for UltimatePoker.com was coming in at 350 over this weekend, decent numbers considering they only take customers from the US state of Nevada.
UltimatePoker.com became the first legal US-based online poker site to allow play for real money last month.
