Business & Financial

Bitcoin or Bit Con: $730 Million Bitcoin Heist May Have Been Inside Job

As more and more online gambling websites mull over the anonymous digital currency bitcoin, there appears to be good reason why said companies have had reservations up to this point.

Business Insider in the UK reports that Japanese authorities are investigating whether a $730 million heist this past year could have been an inside job.

Submitted by Aaron Goldstein on, Jan/05/2015

MGM Shares Plummet: Morgan Stanley Says ‘Worst is Over’ for Macau Gaming

Casino stocks were not immune to Monday’s steep drop across all markets.  MGM Resorts reported a decline of 1.6% to $20.68 in trading due primarily to disappointing gambling results in Macau last month.

Last year’s results were the worst decline since the Chinese government liberalized the gambling enclave in 2001 with a 30.4% drop-off.

Submitted by Aaron Goldstein on, Jan/05/2015

Las Vegas Sands Gets Green Light for Paris-Themed Casino in Macau

The Asian gambling Mecca of Macau has approved a Paris-themed casino the Las Vegas Sands has asked to establish there.  Sands already operates a successful casino establishment in the former Portuguese colony, now a part of China.

The $2.7 billion Paris-themed integrated resort will feature a replica of the Eiffel Tower.  With more than 3,000 rooms, the Parisian Macao will bring more than 490,000 square feet of retail space, dining options, new meeting and convention facilities.

Submitted by Aaron Goldstein on, Jan/05/2015

Pay Per Head for the College Football Playoff National Championship

If you are looking for a Pay Per Head for the College Football Playoff National Championship, look no further than PayPerHeadAgents.com here.  

Submitted by Aaron Goldstein on, Jan/04/2015

Macau Gambling Revenue Takes Record Plunge

HONG KONG (Reuters) - Gambling revenue in the Chinese territory of Macau, the world's biggest gambling hub, fell 2.6 per cent to 351.5 billion patacas (S$58.4 billion) in 2014, the territory's first annual decline since casinos were liberalised there in 2001.

This came as revenue plunged a record 30.4 per cent in December from a year earlier to 23.3 billion patacas, marking the seventh consecutive monthly decline, data released on Friday by Macau's Gaming Inspection and Coordination Bureau showed.

Submitted by Reuters on, Jan/02/2015

Adult Entertainment Company Vivid Joins Forces With Fantasy Sports Site

Adult entertainment and fantasy have always worked great together….but Fantasy Sports?

Yes it’s true, the world’s largest purveyors of pornography, Vivid Entertainment, this week entered into a deal with the third largest Daily Fantasy Sports site DraftDay.com.

Submitted by Jagajeet Chiba on, Jan/01/2015

Professional Sports Leagues Find Great Value in Daily Fantasy Sports

The professional sports leagues are loving Daily Fantasy Sports...and with good reason.

Submitted by Aaron Goldstein on, Jan/01/2015

Unibet Buys Bingo.com for $8 Million

Domain names are still a hot commodity and certain domain names are fetching big bucks.  This week, Bingo.com was sold to the online gambling firm Unibet for a cool $8 million.

Submitted by Aaron Goldstein on, Jan/01/2015

Nevada Gaming Revenue Flat in November

LAS VEGAS (Associated Press) - State officials say Nevada gambling revenue was virtually flat in November compared with the same month a year ago. Nevada Gaming Control Board officials reported Tuesday that the state's casinos brought in a little more than $876 million in November.

That was up less than one-tenth of a percent from November 2013. Las Vegas Strip gambling revenues of $508 million were down 4 percent year-over-year, while downtown revenue of $43 million was up 13 percent.

Submitted by Associated Press on, Dec/30/2014

New Fantasy Sports Site Draftster.com is Looking to Get Noticed

SANTA MONICA, Calif. -- This tony Southern California beach town just outside Los Angeles has always been known for great waves and great surfing, not to mention seeing an occasional celebrity or two.

But as the base for an Internet fantasy sports league?

That's something that's more likely to come out of Northern California, where tech-obsessed Silicon Valley is located.

Submitted by Thomas Somach on, Dec/28/2014

TheScore Acquires Swoopt Daily Fantasy Sports App

While the Daily Fantasy Sports industry may be in its infancy, consolidation continues.  Last week it was announced that Toronto-based TheScore.com had acquired a mobile Fantasy sports app called Swoopt.  

BetOnline

Submitted by Aaron Goldstein on, Dec/26/2014

Pay Per Head for College Basketball

It’s that time of year again when bookies start building up their customer base for the College Basketball season and the search begins for a Pay Per Head company that can assist with all your needs (managing clients, providing Web support, monitoring betting trends, 24/7 phone service, etc). 

Submitted by Guest on, Dec/26/2014

Daily Fantasy Sports Operator Sports Tradex CEO Talks About Industry With G911

HOUSTON -- This sprawling Southwestern metropolis, now the country's fourth-largest city, has been home to many historic venues, such as the Astrodome and NASA headquarters.

And now it is the home of a sports fantasy company that is revolutionizing the industry--Sports Tradex (www.sportstradex.com).

Submitted by Thomas Somach on, Dec/23/2014

2014-2015 No Deposit Sportsbook Bonuses for College Bowl Games

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Submitted by Payton on, Dec/22/2014

33-Year-Old Turns $35 Into $2 Million at 2014 Fantasy Football Championship

A 33-year-old personal trainer and former teacher last week converted a $35 entry into $2 million at the 2014 FanDuel Fantasy Football Championship in Las Vegas.

Submitted by Aaron Goldstein on, Dec/22/2014

Caesars Entertainment to Buy Affiliate in Move to Reduce Debt

LAS VEGAS (Associated Press) — Caesars Entertainment Corporation says it will buy an affiliate as it tries to smooth the reorganization of a struggling division and balance its debt load.

The Las Vegas casino giant says the merger with Caesars Acquisition Company will give it $1.7 billion in cash it needs to guarantee loans in a proposed bankruptcy deal it's pitched to creditors of its debt-heavy operating division.

Submitted by Associated Press on, Dec/22/2014

Wizard of Oz Casino Coming Soon to New York East of Syracuse

Ray Halbritter, chief executive officer of the Oneida Nation, has confirmed in a press release Monday that the Tribe plans to develop a Wizard of Oz themed casino 14 miles East of Syracuse in the town of Chittenango.

Submitted by Aaron Goldstein on, Dec/22/2014

China to Begin Crackdown on Macau Amidst Dissent in Gambling Mecca

(Reuters) - By night, Ieong Man Teng was dealing baccarat to gamblers at the Wynn Macau casino. By day, he was mobilizing thousands of fellow dealers to protest on the street for better working conditions and higher pay.

That made him one of the people on Beijing's watch list earlier this year in Macau, the world's biggest gambling hub.

Submitted by Reuters on, Dec/18/2014

CNN Live Twitter Chat Thursday: The Future of Bitcoin

CNN is scheduled to discuss the topic of Bitcoin’s future in a live Twitter chat Thursday December 18, 2014 at 12 PM EST @CNNTech.  The anonymous digital currency has finally begun to catch on in the Internet gambling community after a long period of resistance.  A number of mainstream outlets are also starting to take notice.

A panel of experts have been assembled to discuss Bitcoin.  They include:

Submitted by Aaron Goldstein on, Dec/17/2014

Maximum Fantasy Sports is Setting the Trends in the Industry

Site originates game varieties that others then copy

CHICAGO -- One of the up-and-coming new fantasy sports websites that is attracting a lot of attention these days is called Maximum Fantasy Sports and is run from the Windy City in the Heartland of America.

That alone makes it stand out--most fantasy sites, it seems, are based on the East or West Coasts.

Submitted by Thomas Somach on, Dec/15/2014

Bookie Call Center Outsourcing for College Bowl Games, Playoffs

PayPerHeadAgents.com is one of the leading bookie call center outsourcing businesses for this year’s College Bowl games season and the highly anticipated first ever College Football Playoffs. 

Submitted by Aaron Goldstein on, Dec/15/2014

Judge Voids Revel Sale to Canadian Firm

CAMDEN, N.J. – (Associated Press) -A bankruptcy court judge has voided the proposed sale of the former Revel Casino Hotel in Atlantic City, New Jersey, to a Canadian firm that has since backed out of the deal.

Judge Gloria Burns on Friday granted a request by Revel Entertainment to cancel the $110 million sale to Toronto-based Brookfield Asset Management.

Submitted by Associated Press on, Dec/12/2014

Golden Nugget to Sue Over Tax Rise

ATLANTIC CITY, N.J. — (Associated Press) - An Atlantic City casino who says its taxes would rise dramatically under a proposed tax assistance bill designed to help the struggling seaside resort says it will sue to block the plan.

Submitted by Associated Press on, Dec/11/2014

New Fantasy Site PlayMLF.com Vows to be No. 1 in Two Years

WALNUT CREEK, Calif.--Fantasy sports today are where poker was 10 years ago. The scene is exploding with popularity. Huge amounts of money are being won. And new names are joining the game every week.

Submitted by Thomas Somach on, Dec/11/2014

Disconnects at Online Poker Rooms During Tournaments May Be DDoS Attacks

The dreaded DDoS or Distributed Denial of Service attacks may be back and affecting a number of online poker tournaments across many network sites.

Carbon Poker’s recent spate of server disruptions and disconnection issues have sparked fears of a DDOS attacker deliberately disrupting games in order to steal pots, writes Philip Conneller of CardChat.com.

Submitted by Nagesh Rath on, Dec/10/2014

Equity Poker Network and PokerHost Call it a Day

Curacao, Netherlands Antilles – The EquityPokerNetwork.com (“EPN”) today confirmed the end to their business relationship with online poker room, PokerHost.com (“PokerHost”), effective as of midnight on Tuesday, December 9th, 2014.

Submitted by Press Release on, Dec/10/2014

Silkroad Founder Accused in Six Murder-for-Hire Plots: PokerStars to Offer Bitcoin?

With online gambling sites only now beginning to jump on the Bitcoin bandwagon (quite possibly PokerStars among them), some of the earlier Bitcoin startups are currently facing scrutiny, the most notorious of them all being drug bazaar Silkroad.

And now the founder of that underground company, Ross Ulbricht, is alleged to have set up at least six murder-for-hire plots.

Submitted by Aaron Goldstein on, Dec/09/2014

FantasyDraft.com Debuts: Apologizes to Players Over Rough Rollout

One of the newest Daily Fantasy Sports sites, FantasyDraft.com on the Web debuted this week but the rollout didn’t exactly go as planned.

Submitted by Aaron Goldstein on, Dec/09/2014

New Management Team Announced at Paddy Power

Paddy Power's new CEO, Andy McCue, has announced a new management line-up that includes Johnny Hartnett, who has been appointed 'managing director, Paddy Power online' and Christian Woolfenden has been appointed 'managing director, retail (UK & Ireland)'.

Woolfenden replaces McCue following his promotion as Chief Operating Officer.

Peter O'Donovan has been named the company’s new chief product officer.  His role will include heading up the technology and product development departments.

Submitted by Aaron Goldstein on, Dec/09/2014

MyBookie Review: 20 Percent Cash Up to $500

Gambling911.com has your MyBookie review.  This is one of the newer online sportsbooks on the scene this Football season but the folks behind MyBookie.ag are individuals we have known from the industry for years.  Claim Your FREE $250 Cash Here (use bonus code

Submitted by Guest on, Dec/08/2014

Breaking News

Typhoon Hato Batters Gambling Mecca of Macau

Typhoon Hato Batters Gambling Mecca of Macau

A powerful typhoon caused at least three deaths Wednesday in Macau, according to local authorities in the Chinese gambling enclave.

Outside Experts Share Insights at Global Gaming Expo 2017

Global Gaming Expo (G2E), presented by the American Gaming Association (AGA) and Reed Exhibitions, will bring in leaders from neuroscience, marketing and generational studies to share their knowledge on how casino professionals can sharpen their leadership skills.

Paddy Power Pays Out £250,000 Early on Mayweather Bets: Under Fire for ‘Racial’ Promo

Paddy Power Pays Out £250,000 Early on Mayweather Bets: Under Fire for ‘Racial’ Promo

“We Always Bet on Black” advert has folks furious at betting firm