Business & Financial
South Korea: Internet Gambling Charges Up 700 Percent
This year, 1,681 people have been charged with illegal gambling over the Internet in South Korea compared to just 248 this year. The rationale behind this: In a struggling economy desperate peo
JetBlue Begins Flights to Costa Rica
The online gambling rich nation of Costa Rica will soon be able to enjoy the JetBlue experience. The Central American nation is the largest employer in the North American Internet gambling sector
PokerStars Will Not Be Affected By PartyGaming Settlements
PokerStars lawyers told a local newspaper that it is "business as usual" for the world's largest online poker room.
Wynn's Encore Opens This Week in Las Vegas
LAS VEGAS (AP) - Wynn Resorts Ltd.
Gambling Industry Not Recession Proof We Learn
The top story in 2008 according to CasinoCity.com, the thinking that the casino industry is "recession proof" is no longer true and, unfortunately
Tel Aviv Online Gambling Firms Thrive During Economic Woes
Casino Affiliate Convention organizer, Marc Lesnick, says the Tel Aviv online gambling scene is thriving despite a troubled economy.
Sportingbet Trading in Line Since First Quarter
LONDON, Dec 12 (Reuters) - Online sports betting company Sportingbet (SBT.L: Quote,
Paddy Power Next Airline To Go Bust Ad Doesn’t Fly
The Advertising Standards Authority in the United Kingdom has grounded an ad by Internet gambling powerhouse Paddy Power, which it claims discredits the airline industry. Paddy Power, Ireland's largest bookmaker and a sponsor of the Gambling911.com website, had been offering odds on which major commercial airline would go under next.
The Paddy Power press campaign, which ran in national newspapers, used the headline "Next airline to go bust?".
Hamdemonium Betting This Christmas Time?
It sounds like a storyline from the movie "Aporkalypse Now' as hamdemonium continues to spread across the Irish food industry.
Mediacom Grabs £10million Sportingbet Ad Account
And the winner is....Mediacom. The media buyer has been tasked with handling media for the company's website brands such as
Cantor Gaming: More Mysteries Abound
Another chapter in the successful yet tragic story of Cantor Fitzgerald closed last week. Or did it?
Cantor Gaming, a well known name in the online gambling realm, recently notified its users that it is determined to cease ‘providing services to retail customers' which turned with closing Cantor Casino.com and Red Lounge Casino.com while Cantor-Poker.com remains operating.
Bookie Offers Odds on Aer Lingus Ryanair Shares
The odds of the Irish government selling its shares in flagship carrier, Aer Lingus, to one of Europe's biggest low fare airlines, Ryanair, were set at 5-2 at
Online Gambling Cheaper Than Going Out to The Pub
One of the reasons online gambling is not witnessing much of a decline during this troubling economic downturn: It is an entertainment which can be a lot cheaper than going out to a restaurant or t
Mumbai Massacre Means End to Cricket Betting
Cricket events between Pakistan and India have been cancelled following the events that unraveled in Mumbai last week.
Did 60 Minutes Story Help Absolute Poker, Online Poker Rooms?
Maybe websites like Gambling911.com are all too caught up in the online poker scene to really understand the true impact of Sunday evening's 60 Minutes segment pertaining to the much talked about A
PartyGaming Profits Continue to Decline
As world economies continue to slide downward, the trend has carried over into the finances of online poker companies as well.
Gamblers Go Heavy On Dow Closing Much Higher Following Citi Group News
Gamblers at online prediction market intrade.com were betting heavily that the Dow would close more than 25 points higher than Friday's close following news th
Casino Gambling in Atlanta? Not So Fast
With the US economy in a tailspin, what better time to bring casinos to Atlanta than now?
Downey Bank Finally Goes Down For The Count: Who’s Next?
So far the online prediction markets have been fairly accurate in their offering related to the next bank closure.
Netherlands Banks Reject Call to Police Online Gambling Transactions
The Netherlands Bankers Association (NVB) this week rejected the idea that they would be able to police transactions used for the purpose of online gambling. The NVB told Justice Minister Hirsch
Charity Poker Helps Wall Street Employees Overcome Economic Doom
Leave it to the game of poker to help erase the concerns over a current economic crisis gripping much of the world.
Gambling Business Won’t be The Same for Years to Come
LAS VEGAS (AP) -- Executives at top casino companies said Wednesday that the gambling business won't be the same for years to come, with operators and manufacturers shifting to focus on properties
In The Last Recession, Online Gambling Did Not Exist
This recession will prove a test for the online gambling sector, which is already showing some signs of adverse affect though they are not getting hit nearly as hard as many other industries.
Quarterly Revenues Stagnant at PartyGaming: Still in Talks With US
PartyGaming is blaming gains in the U.S.
Paddy Power on Track to Record Operating Profits
Bookmaker Paddy Power has said it is on track to record operating profits of around €75m for this year, in line with its previous outlook.
Think AIG is Bad? HBOS Bank Execs Caught in Sordid Drug Fueled Orgy
American is outraged these days by the antics of AIG Insurance, accused of spending parts of their government bailout on expensive junkets and God only knows what else. But compared with the exec
Asia Casinos Could Suffer Severely With Economic Downturn
Forget the idea that gambling is "recession proof". Las Vegas was among the first to start reporting drastically declining revenues and layoffs long before any "Wall Street Bailout
Barney Frank Asks Bernanke, Paulson to Stop Online Gambling Policies
Congressman Barney Frank, Chairman of the House Financial Services Committee which oversees housing and banking industries, has written two letters to both Federal Reserve Chairman Ben Bernake and
Las Vegas Sands Plunges on Default, Bankruptcy Risk
Nov. 6 (Bloomberg) -- Las Vegas Sands Corp., billionaire Sheldon Adelson's casino company, plunged in New York trading after saying it may default on debt and face bankruptcy.
The casino owner, which had $8.8 billion in long-term debt at the end of June, said in a regulatory filing today that it probably won't meet the requirements of some loans unless it cuts spending on development projects, boosts earnings at its Las Vegas Strip casinos and raises more capital.
Boycott Papa John’s, Pizza Hut? Is Kentucky Really The Pizza Capital?
One interesting "fact" that has come out of the debacle involving Kentucky's decision to seize 141 online gambling domains, we have discovered that the Kentucky - of all places - is the p
