Business & Financial

Unibet Pulls Out of Russia One Month After Being Placed on Black List

Malta-based Unibet has opted to cease taking new Russian poker players and online gamblers one month after the company was placed on a country “black list”.

Submitted by Ace King on, Apr/17/2014

Jason Ader Activist Investor Taking on Bwin

New York based hedge-fund investor, Jason Ader, well-known t o Gambling911 readers from his earlier victory over IGT was featured in the worldwide media today for his announcement that he intends to propose for election four new independent Directors to the Board of BPTY at the forthcoming Annual General Meeting of BPTY. 

Submitted by Aaron Goldstein on, Apr/17/2014

Atari Enters Real Money Online Gambling Arena

(Associated Press) - Atari, the maker of classic video games like "Pong" and "Centipede," is about to make things a bit more interesting for players.

The company said Tuesday that it is getting into real-money gambling through a partnership with gambling company Pariplay.

Pariplay will launch Atari's brands across a number of social, online and mobile platforms. This includes a website with real-money gambling on some of Atari's arcade classics, like Centipede, Asteroids and Pong.

The launch is slated for the fourth quarter.

Submitted by Associated Press on, Apr/15/2014

Borgata to Pay Out $1,721,805 to Affected Players in Chip Scandal

The Borgata Casino will pay out $1,721,805 to those affected by a scandal earlier in the year in which fake chips were detected during the Borgata Winter Open.

Submitted by Ace King on, Apr/15/2014

Baseball Hall of Famer Brooks Robinson Suing Seminole Hard Rock for $10 Mil

Major League Baseball Hall of Famer Brooks Robinson has filed a lawsuit against the Seminole Hard Rock Hotel & Casino for $10 million following a six foot plunge off an unsecured stage at the establishment two years ago.

The 76-year-old former Baltimore Orioles player has suffered permanent injuries as a result of the fall.

Submitted by Aaron Goldstein on, Apr/14/2014

Atlantic City Casinos Bring in 15 Percent More From Online Gambling in March

(Associated Press) - New Jersey casinos brought in 15 percent more from online gambling in March over the previous month, but it wasn't nearly enough to offset the diminishing revenue from Atlantic City's long-struggling brick-and-mortar casinos.

Submitted by Associated Press on, Apr/14/2014

Why Billionaire Sheldon Adelson Doesn’t Have Enough Money to Stop Online Gambling

Slate featured an article Monday morning suggesting that casino billionaire Sheldon Adelson does not have enough money to stop Internet gambling. 

Submitted by Ace King on, Apr/14/2014

32Red Sign Rangers FC Shirt Sponsorship Deal but Shares Slump on Day’s Trading

Online gambling firm 32Red announced Monday a new shirt sponsorship deal with the Rangers Football Club, which will run the course of three years.

Despite the good news, shares in the company dipped 6% on the day’s trading. It was not immediately clear what caused the slump.

Ed Ware, Chief Executive Officer, said: "We are delighted to be working with Rangers Football Club and look forward to being part of the continued rise and return of the Club.

Submitted by Aaron Goldstein on, Apr/14/2014

Is the Tropicana Buying the Sands Casino Bethlehem? Rumors Run Rampant

All of Eastern Pennsylvania is abuzz with the news that the famed Tropicana Hotel and Casino, a staple in Atlantic City, could be about to buy the Sands Casino Resort in Bethlehem. 

Principals from both companies have declined comment when approached by the regional paper the Morning Call.

Submitted by Aaron Goldstein on, Apr/13/2014

iGame and Plus One Dreams Online Gambling Firms Merge

Two Finnish online gambling firms based out of Malta have announced a merger in an effort to better compete with the likes of fellow Scandinavian wagering companies Betsson and Unibet.  The combined company will use the iGame name.

Submitted by Aaron Goldstein on, Apr/12/2014

Casino Magnate Sheldon Adelson Gives Israel $16.4 million to Go to Moon

Casino billionaire, GOP mega donor and friend to Israel, Sheldon Adelson, has just donated $16.4 million to that country so it could become only the 4th nation to land on the moon.

Submitted by Jagajeet Chiba on, Apr/11/2014

Which Online Poker Rooms Welcome Grinders: A Look at Americas Cardroom

San Jose, Costa Rica – Poker players who love to grind have suddenly been shunned by recent changes in the poker landscape. Some US-friendly poker sites are reducing the number of tables during multi-table play leaving a bad taste in the mouths of players and drastically affecting their earning potential. One online poker site has responded by letting the world know that it's business as usual.

Submitted by Press Release on, Apr/10/2014

How Do I Become a Bookie? Build Volume, Love Your Customer and Play Golf

How does one become a bookie, you might be asking?  Or do you really want to be a bookie?

It doesn’t matter the time of year, gamblers will always find something to bet on and bookies…well…they will always be lining their pockets (since the house never loses).  So, yes, becoming a bookie can be a lucrative business.

Submitted by Ean Lamb on, Apr/10/2014

Hillary Clinton Has Shoe Thrown at Her at Sheldon Adelson’s Mandalay Bay (Video)

Former First Lady, Secretary of State and expected front runner for the 2016 US Presidential race, Hillary Clinton, had a shoe thrown at her while speaking at a hotel owned by casino billionaire Sheldon Adelson.  He just happens to be among the GOP’s biggest donors. 

No, Adelson didn’t throw the shoe.

The woman who did, it’s not clear what the motive may have been.

Clinton took the incident lightly while speaking at an Institute for Scrap Recycling Convention, asking “Was that a bat?”

The video appears below.

Submitted by Jagajeet Chiba on, Apr/10/2014

Ladbrokes Buys Australian Betting Firm BetStar

(Reuters) - Bookmaker Ladbrokes (LAD.L), facing regulatory and tax pressures in its British home market, has expanded its Australian business by buying online betting company Betstar for 12.4 million pounds.

The deal announced by Ladbrokes on Wednesday follows a similar-sized acquisition last September when Ladbrokes - Britain's second-biggest bookmaker - bought online company Bookmaker.com.au and launched a website in Australia.

Submitted by Reuters on, Apr/09/2014

Activist Investor at Bwin.Party Questions Chairman Appointment

Jason Ader, the activist investor who works extensively in gaming, continues to make waves in the industry. As featured today in the Daily Telegraph, New York-based Ader feels bwin.party is tremendously undervalued.
Ader has reportedly told confidants that bwin needs some changes to meet its full potential in the gaming arena.

Submitted by Aaron Goldstein on, Apr/09/2014

GVC Looks Towards More Acquisitions Following Sportingbet Success

(Reuters) - GVC is looking at further acquisitions after turning around the Sportingbet businesses it acquired last year, the online gambling company said on Wednesday.

GVC, one of the smaller players in the sector and listed on the AIM stock market, said operating profit more than doubled to 38.3 million euros ($52.8 million) in 2013, boosted by moving Sportingbet into the black.

"We are now ready for the next stage in our corporate development and further geographic expansion through organic growth and acquisitions," Chief Executive Kenneth Alexander said.

Submitted by Reuters on, Apr/09/2014

Online Super Series III Pays Out a Record $1,176,445 in Prize Money

It's not just the upcoming LSOP Millions II that has online poker players excited about the concept of a million bucks. Leading online poker site Americas Cardroom today announced that its $900,000 online poker series paid out nearly $300,000 more than what had been guaranteed, handing out a record $1,176,445 in prize money.

Submitted by Press Release on, Apr/08/2014

Intrade Co-Founder Brings Back TradeSports Prediction Market Platform

Originally debuting as TradeSports, the now defunct Intrade is being reincarnated using the original branding strategy.

Intrade Co-founder Ron Bernstein is starting a test phase for his company on Monday (April 14, 2014).

“Sports are always going to be the best laboratory for prediction markets,” he says. “All those things now are just recorded and data-mined and discussed.”

Submitted by Aaron Goldstein on, Apr/08/2014

You Can Really Bet on WWE Wrestling? Bookie Gets Crushed by Lesnar Win

Online bookmaker Bovada.lv is likely regretting the decision to start taking bets on WWE Wrestling, and more specifically WrestleMania.

Sunday night the book got crushed by two big underdogs winning their respective matchups, a rarity in professional wrestling.

Submitted by Ean Lamb on, Apr/07/2014

Atlantic City 2013 Revenue Lowest Since 1989

ATLANTIC CITY, N.J. (Associated Press) - Not even a boost from Internet gambling money and the comparison with an extremely slow period after Superstorm Sandy could prevent Atlantic City's casinos from seeing a big decline in their earnings in 2013.

The casinos saw their gross operating profits decline by nearly 35 percent last year.

The 12 casinos that operated in 2013 - the Atlantic Club shut down in January of 2014 - posted a collective gross operating profit of $235 million, down from $360 million in 2012.

Submitted by Associated Press on, Apr/07/2014

Playtech Gets ‘Buy’ Rating From 12 Agencies

Online gambling software firm Playtech has received a “buy” rating from 12 different agencies that cover the stock.

From the MidEast Times:

Five equities research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is GBX 816.10 ($13.53).

Submitted by Aaron Goldstein on, Apr/07/2014

Ladbrokes Made £1Billion in One Month From 'Crack Cocaine' of Gambling (Video)

UK Prime Minister David Cameron has announced his administration is about to embark on a crackdown of the so-called “crack cocaine” of gambling, high speed, high stakes gambling machines that have, until now, proven especially profitable for bookmakers.

Just how profitable?

Submitted by Gilbert Horowitz on, Apr/06/2014

Can I Play On New Jersey Online Gambling Websites If I Live in New York?

Live in New York State but you wish to play on one of New Jersey’s online gambling websites?  You can do so, with a catch.

All of New Jersey’s licensed and regulated Internet gambling websites incorporate geolocation technology that prevents individuals from placing real money bets from outside the Garden State.

Submitted by Payton on, Apr/04/2014

BC Lottery Laying Off 67 as Part of Massive Job Cuts

VANCOUVER – (Canadian Press) - Gaming employees are facing layoffs, after the BC Lottery Corporation announced Friday it was eliminating 67 positions in the province, including 33 in Vancouver.

The job losses come after the departure of CEO Michael Graydon to the private sector in January, and as the corporation faces a financial audit by the provincial government.

Interim CEO and President Jim Lightbody says the layoffs were prompted by significant financial pressures, which he blames on rising operating costs and flat revenue growth.

Submitted by Canadian Press on, Apr/04/2014

Boston Residents May Have Say Regarding Everett, Revere Casinos: Hearing May 1

BOSTON (Associated Press) — The state gambling commission will call a public hearing next month to consider Boston's bid to be declared a host community for proposed casinos in Everett and Revere.

The five-member Massachusetts Gaming Commission voted Thursday to call a May 1 meeting, with a decision on the city's status to be decided shortly thereafter.

If granted, host community status would give Boston voters an opportunity to weigh in on casino proposals by Mohegan Sun in Revere and Wynn in Everett.

Submitted by Associated Press on, Apr/03/2014

‘Flash Boys’ Author: Poker Player David Einhorn a 'Dumb Tourist' in a Casino (Video)

Speaking on Bloomberg TV, Michael Lewis referred to famed hedge funds manager and high stakes poker player David Einhorn as a “dumb tourist” in a casino.

Lewis is the author of “Flash Boys”, which delves into the risky world of high-frequency trading.

Lewis spoke to Bloomberg TV host Stephanie Ruhle.

Here a portion of that exchange:

Submitted by Ace King on, Apr/03/2014

Facebook Real Money Mobile Online Gambling Speculation With Oculus Acquisition

There has been plenty of speculation of late that social media giant Facebook could be planning to leap into the mobile online gambling market with its recent acquisition of Oculus.

Submitted by Aaron Goldstein on, Apr/03/2014

Chinese Mining, Gambling Tycoon Charged With Murder Goes on Trial

A former Chinese mining tycoon who started his career by running gambling centers in Guanghan is set to stand trial in the murder of nine individuals.  His brother and 34 associates of their “mafia-style” gang were also charged in February.

Submitted by Gilbert Horowitz on, Apr/02/2014

United Chicago-Atlantic City Flights Take Off: Online Gambling Can Benefit

Great news for Atlantic City as New Jersey’s seaside gambling Mecca will now have a direct link to Chicago.  United Airlines began offering direct flights between the USA’s second largest city and Atlantic City this week.

The Port Authority of New York and New Jersey recently took over Atlantic City’s under-utilized airport and, in doing so, convinced the 3rd largest airline in the US to start offering flights there.  In addition to the daily flight to and from Chicago, United will offer a round trip flight to and from Houston.

Submitted by Aaron Goldstein on, Apr/02/2014

Breaking News

Absolute Poker Founder Returns to US to Face Charges

Absolute Poker Founder Returns to US to Face Charges

On the lam since April 2011, Absolute Poker founder Tom Scott has finally turned himself in to US authorities last week.

Georgia Casino Bill Dead for Year

Georgia Casino Bill Dead for Year

The sponsor of legislation to allow casino gambling in Georgia says the effort is dead for the year.

Moonlight Wins Best Picture in Oscar Shocker, Major Blunder

Moonlight has won for Best Picture at this year’s Oscar after La La Land was originally announced and accepted the Oscar.