Business & Financial
James Packer’s Las Vegas Nightmare Just Got Worse
James Packer's largest investment in the gambling mecca is in dire straits after a US casino development company in which his Crown had invested defaulted on $US800 million in loans.
Richard Branson is Losing £171,233 an Hour
Billionaire business tycoon is losing £171,233 an hour according to a report filed by the News of the World on Sunday. This was equivalent to £1.5 billion. He's now down to his last £1.2bill
Pagebet Shuts Down Operations
BOOKMAKERS Pagebet has placed its internet betting business into administration.
Marijuana, Online Gambling Good: Personal Financial Management Bad
If Congressman Barney Frank had his way, online gambling and marijuana would be legalized. However, he would not allow personal freedoms when it comes to one's own financial decisions.
DoylesRoom.com Names Will Griffiths to Top Marketing Spot
DoylesRoom.com, one of the fastest growing online poker rooms open to US players, announced today the appointment of Will Griffiths to the post of Marketing Director.
UltimateBet.net Sponsors MMA Magazine Program on Rogers Sportsnet
- UltimateBet.net continues to build strong ties with the explosively popular world of Mixed Martial Arts ("MMA"), as the leading free play online poker site debuts as
Recession Forces Mainstream Media to Reconsider Online Poker Stance
With an understanding that online poker, casinos and sports betting take in several billion a year, mainstream media outlets once opposed to advertising with related venues are now beginning to und
Another Gambling Firm Files for Bankruptcy
Evergreen Gaming has filed for bankruptcy it was reported on Tuesday. The Canadian-based firm did so after
Recession Hits the Mafia
The current economic downturn seems to be having an adverse effect on every industry whether legitimate or not-so-legitimate. Case in point: The Japanese Mafia is being hurt by the recession.
PartyGaming in Talks With Rival Gigamedia
ONLINE gambling group Party Gaming is holding talks on a deal with Nasdaq-listed rival Gigamedia.
James Packer Bets $3 Billion on Macau Casino
SOME of the croupiers shuffling cards at James Packer's huge new casino in Macau will don nose rings and wear blue wigs, as part of a punk-rock theme to attract wealthy Asian gamblers and holidayma
Massachusetts Looks to Casino Gambling to Fill Coffers
Senate President Therese Murray has brought the casino debate to the table in Massachusetts.
Recession Casualty: Elvis Evicted From Las Vegas
The recession is hitting many people and places hard. Las Vegas is among the hardest hit and this week came the shocking news that Elvis Presley (a Vegas icon for years) is now being evicted.
According to the Las Vegas Review Journal, a group of investors who had planned on creating a $475 million Elvis Presley-themed resort on the Strip could be forced to sell the property. The reason:
James Packer Sells Family’s Long Term Investment
The Packer family's 26-year involvement in Australia's cattle industry has ended with the finalisation of the sale of its stake in Consolidated Pastoral Company (CPC).
Harrah’s Will Not Utilize Online Poker Software From US-Facing Firms
Harrah's, the Las Vegas casino giant, is looking to get into the online poker market. Sources close to the situation tell Gambling911.com that Harrah's will not be accepting bets from those ind
Sportingbet Founder Mark Blanford Wins Again With Mobile Gambling
He founded one of the most successful online gambling sites,
PartyGaming Former Executive Mitch Garber Joins Harrah’s
Harrah's, which owns the World Series of Poker, has just brought former PartyGaming CEO Mitch Garber on board to head a new company that will handle its online operations. The move has fueled spe
Recession Has Little Impact On 2009 US Masters Betting
As with the Super Bowl, Oscars and NCAA Men's Basketball Tournament, traffic results from Gambling911.com once again indicate that a major sporting event has shattered all betting records. This t
If Vegas Project Fails It Will Be Like Pearl Harbor
LAS VEGAS (Reuters) - It was conceived as the centerpiece of a thriving Las Vegas -- one of the world's most expensive building projects that would bring back glamour to the Strip and cap an unprec
Atlantic City Revenue Drop Biggest in 30 Years
(Reuters) - Atlantic City casinos revenues dropped by a record margin for the second straight month in March, officials said on Thursday, as the recession and competition from other states cut gamb
Microgaming Under Fire for Online Poker Skin Scandal, Grand Prive Mess
The well established and well regarded online gambling software and poker firm, Microgaming, has had its good name dragged through the dirt in recent months.
First, one of the company's online casino brands - the Grand Prive Group - decided to abruptly terminate its "life time agreement" with its affiliates. Grand Prive continues to operate and it still does so from the Microgaming platform apparently.
Now we are learning of an online poker group utilizing the Microgaming network that has just shut its doors.
CAC Amsterdam Prolonged Hangovers From Fewer Sponsored Parties
All those fine CAC Amsterdam reports began popping up this week - about 7 days after the world's largest online casino affiliate event had ended. Marc Lesnick, the conference organizer, stated th
James Packer Could Still Prove a Savior to Las Vegas
JAMES PACKER will be reviewing Las Vegas gaming revenue for the second time in five months, though he might be disturbed by what he sees.
Will PartyGaming Come Back to the US?
The news that PartyGaming had finally settled with the US Government quickly turned to talk of the company re-entering the US market. Approximately 80 percent of its customer base was from the Un
Stocks Rally Following PartyGaming Settlement Deal
Following news that PartyGaming had settled with the US Government to avoid future prosecution, the online gambling sector, which lost significant market share since late 2006, began to rally on Tu
Dikshit Gets Short End of the Stick
With news announced Tuesday that PartyGaming had entered into a settlement agreement with the US Government to avoid future prosecution, one cannot help but question if co-founder, Anurag Dikshit,
PartyGaming Will Avoid US Prosecution
Online gambling firm, PartyGaming, has clinched a deal with US authorities that would ensure it avoids prosecution according to the Guardian Newspaper on Tuesday.
Allen Stanford Expects to be Indicted in Two Weeks
International financier and Antigua's biggest banker, Allen Stanford, said in an interview Monday that he anticipates being indicted within the next two weeks. Stanford cried, denied and threaten
Facebook Helps Fuel the Texas Hold ‘Em Poker Craze
With over 200 million active users, if Facebook were a country, it would rank eighth in population just ahead of Japan, Russia and Nigeria. What better place to fuel the latest Texas Hold ‘Em P
Crown Casino Won’t be Taking Stake in Las Vegas Project
Australia's Crown Casino has denied media reports that it plans to take a stake in the troubled City Center development in Las Vegas.
