Business & Financial
Betting Market Asks: Davos World Economic Forum Matter?
As business and political moguls hobnob at the five-day Davos junket we will measure whether many of those who presided over blunders in business
UK Online Gambling Operators: Tax is Horribly Wrong
European online gambling website operators will enjoy a huge advantage over their rivals in the UK according to a report in UK Marketing Week.
Financial Crisis Hits Todd Brunson Investments Hard
It never seems to end and some of us here at Gambling911.com have concerns this is just the tip of the iceberg. Financial problems have reportedly hit the son of poker legend Doyle Brunson.
Hilton Las Vegas Hopes Super Bowl Betting Boosts Economy
Hilton sports book executive director Jay Kornegay told the Las Vegas Sun that there are more than 300 such wagers on the Hilton's sheets this year.
U.S. Economy: States Can Ill Afford to Lose Their Lotteries
In this time of serious economic crisis in the U.S.
Playboy Problems Not Stopping With Online Poker Room
The closure of Playboy's online poker room last week appears to be just the tip of the iceberg.
The famed company warned investors that it will take a write-down of goodwill and other charges amounting to more than $100 million, resulting in a net loss for Q4. The magazine publisher also expects a $4 million charge on cost-reduction initiatives, which will include an unspecified number of job cuts. The company will also fold its New York office according to reports.
"Who knew sex was a bad business to be in?" asks Belinda Luscombe of Time Magazine.
Porn Poker Room: Latest Casualty of Struggling Economy
Apparently, porn can be sustained, but poker can not.
Online Gambling Still Thriving in Recession
The Isle of Man, an important online gambling center, reports that the industry is its fastest growing during these hard economic times.
Tropicana, Trump in Trouble
If there was any doubt the recession was hurting casinos, Tuesday's news should put those questions to rest.
No Luck With Gambling Stocks
It's the Las Vegas gambling stocks that are the real losers these days, not the actual gamblers.
Las Vegas Has Further to Fall in Struggling Economy
A report in the Economist this past week suggests that the gambling mecca of Las Vegas may experience further decline due with a recession now in full swing.
BetFred Sold: Done Brothers Done With Online Gambling
Fred and Peter Done are done with online gambling it seems as they have sold their online gambling operation, BetFred, netting some £27.2m from the sale.
The Internet gaming division Betfred NV, registered in the Netherlands Antilles, had been underperforming for a number of years after a belated entry to the market, and the company said the disposal made "commercial sense", reports James Chapelard of Crane's Business (Manchester Division).
William Hill: Trading Continues to be Resilient
(Reuters) - British bookmaker William Hill (WMH.L) said it remained in discussions with its banks over plans to refinance its
State Lotteries Win Out During Recession
People want to make that fast buck during the current recession with nominal risk. The result has been an increase in the number of state lottery tickets purchased.
More than half of all states with lotteries have reported rising sales over the past six months, and some researchers say financial insecurity might be driving people to risk more of their money than usual on $1 and $5 instant scratch-offs and other daily games in hopes of a big payoff.
Playboy Casino and Poker Room Shuts Down
In a sign of the troubling economic times, the Playboy Casino and Poker site has shut its doors.
Paddy Power Shares Slide Sharply
Ireland's largest bookmaker, Paddy Power, witnessed a sharp decline in its share price on Tuesday.
Paddy Power fell 7.8pc to €11.90, bringing its decline to 11pc so far this year.
Detroit Casino Shares Up Slightly
There may be a dark cloud over Detroit's pivotal auto industry but a dim light shined over its casino industry with news Tuesday that the big three casinos revenues rose slightly.
The Michigan Gaming Control reported a rise of 1.84 percent with MGM Grand Detroit finishing the year with $578 million in revenue, MotorCity Casino ending with $464 million in revenue and Greektown Casino finishing up with $316 million.
Macau Developer Upbeat About Future
(Reuters) - Macau gaming developer Melco Crown Entertainment said on Tuesday it expects the Asian gambling centre to rebound from a sharp contraction, while eyeing expansion opportunities in Taiwan
Is Bodog Finally Starting to Get its Act Together?
Two month long payout delays, IRS threats about confiscating funds and a retired founder, Calvin Ayre, without a country - all things that have become synonymous with Bodog in recent times. The o
Taiwan to Allow Casinos on its Outer Islands
Asia has a new casino Mecca. Taiwan this weekend paved the way for casino gambling after repealing a gambling ban over 15 years ago.
Las Vegas Sands Corp a Strong Buy
The economy is struggling and Las Vegas we learn is not immune, nor is the Las Vegas Sands Corp, one of the world's largest casino ventures. But with its recent capital infusion and prospects for
UBS Closes All Offshore Accounts of U.S. Clients
ZURICH (Reuters) - Swiss wealth manager UBS AG (UBSN.VX) (UBS.N) is closing all the offshore accounts of its U.S. clients, the bank said on Friday, as it comes under pressure from U.S.
Wayne Root Reportedly Closes Shop
Countless reports have indicated to Gambling911.com that former US Libertarian Vice Presidential running mate and sports handicapper, Wayne Root, has shut down his sports service call center in Las
States Likely to Begin Legalizing Sports Betting in 2009
With the economy in dire straits and individual states feeling the worst of it, the likelihood of at least one or more states legalizing sports betting is more a reality than ever in 2009.
Porn and Other Sin Industries Want Government Bailouts
Sex sells especially in an economic downturn, Sarah Estrella of the Examiner writes.
GigaMedia is the Online Gambling Stock to Watch
The Motley Fool has revealed three stocks to watch for 2009 and one of them is Asian online gambling firm GigaMedia.
PartyGaming Sues Former Owner of Empire Online
Jan. 5 (Bloomberg) -- PartyGaming Plc, the owner of the PartyPoker.com brand, sued investment company Livermore Investments Group Ltd.
Macau Gambling Boom Slows: Revenues Do Not
Thousands of jobs are being lost across the globe daily as the economy continues its downward spiral. What was once believed to be a "recession-proof" industry is no more. Macau, cons
America’s Biggest Billionaire Loser is Casino Boss
Last week, Gambling911.com reported on how Forbes Magazine listed India born PartyGaming co-founder, Anurag Dikshit among the biggest billionaire blowups in 2008 (they valued his net worth at a mer
PartyGaming is a Scary One-Eyed Monster With Little Bite
PartyGaming, once the world's largest online poker firm with more than half the market and a darling of the London Stock Exchange, has gone into free fall in recent years. Amazingly, despite losi
