Business & Financial

Pennsylvania to Look at Legalizing Online Gambling: Adelson Can’t be Happy

Consultants told Pennsylvania lawmakers Wednesday that legalizing online gambling in the state would lead to more total gambling revenue, approximately $307 million a year to be more precise.  Neighboring New Jersey has already legalized Web casinos and poker though, to date, early income figures appear way off the mark.

Submitted by Aaron Goldstein on, May/07/2014

James Thackston on 'Years Long Revenge Trip to Damage Online Gambling Co’s’

iGaming.org columnist Haley Hintze calls him “a jilted would-be software entrepreneur on a years-long revenge trip to damage companies that wouldn’t purchase his software products or theories.”

She’s referring to one James Thackston, for whom Hintze details the release of public emails exposing his apparent agenda.

Submitted by Ace King on, May/06/2014

Sands Bethlehem Not for Sale After All: Adelson to Invest More in Property

Despite much speculation in recent months, the Allentown Morning Call reported on Tuesday that the Sands Bethlehem Casino is not for sale and that Sands chairman Sheldon Adelson has announced further investment in the property.  

Submitted by Aaron Goldstein on, May/06/2014

Reefer Madness: Nevada Warns Casinos Over Pot Investments

LAS VEGAS (Associated Press) — Nevada gambling regulators issued a notice Tuesday advising casino operators against investing in the state’s nascent medical marijuana industry.

Gaming Control Board member Terry Johnson sent a memo reminding licensees that the state has legalized dispensaries but federal law still prohibits manufacturing and distributing marijuana.

Submitted by Associated Press on, May/06/2014

AceSportsbook.com Announces Revamped Affiliate Program: Review

"AceSportsbook.com has announced a revamped affiliate program, with commission percentages up to 25%.  They handle everything, just send them players, and they send you money.

AceSportsbook.com has been a proud advertising partner of Gambling911.com for the past year now.

 

Submitted by C Costigan on, May/06/2014

Adelson to UNLV Students: ‘I Don’t Want a Casino Put on Every Kitchen Table’

LAS VEGAS — (Associated Press) - Casino mogul Sheldon Adelson urged students to challenge the status quo, made a moral case against online gambling and extolled Republican virtues during a talk about leadership Monday at the University of Nevada, Las Vegas.

Adelson, the CEO of Las Vegas Sands and the ninth richest man in the world according to Forbes magazine, was part of the school's "Conversations on Being Successful" series. The company's president and chief operating officer, Michael Leven, also spoke.

Submitted by Associated Press on, May/05/2014

Ader Highlights ‘Case for Change’ at Bwin.Party: Current Board on ‘Destructive’ Path

Activist investor Jason Ader of SpringOwl on Monday made available its initial presentation highlighting the need for change at Bwin.Party, one of the largest online gambling firms in the world.

Submitted by Aaron Goldstein on, May/05/2014

George Clooney, Steve Wynn Feud Grows More Intense

Las Vegas casino magnate Steve Wynn insists he did not call US President Barack Obama an “a**hole” during a heated argument last month while having dinner with Hollywood actor George Clooney.

Submitted by Aaron Goldstein on, May/04/2014

Churchill Downs Boycott May be Taking Hold as Kentucky Oaks Handle Dips

This year’s Kentucky Oaks handle fell nearly 6% as revealed by Churchill Downs Saturday, making some wonder if a much publicized call to boycott Churchill Downs is starting to have some negative impact.

Submitted by Aaron Goldstein on, May/03/2014

Steve Wynn Wins $7.5 Mil Judgment Against ‘Girls Gone Wild’ Founder

CARSON CITY, Nev. — (Associated Press) - The Nevada Supreme Court has upheld Steve Wynn's $7.5 million judgment in a civil defamation case against "Girls Gone Wild" founder Joe Francis.

Submitted by Associated Press on, May/03/2014

Boyd Gaming Narrows 1Q loss Thanks to Positive Vegas Results

LAS VEGAS —  (Associated Press) - Boyd Gaming reports its first-quarter loss narrowed thanks to improvements in Las Vegas casinos and excitement in the city's redeveloping downtown.

The casino operator reported Wednesday that it lost $6.2 million, or 6 cents per share, for the period ending March 31. A year earlier it lost $7.3 million, or 7 cents per share.

Net revenue of $708.3 million fell nearly 4 percent from $735.6 million during a year ago.

Submitted by Associated Press on, May/01/2014

Top Horse Trainer Agrees: Boycott Churchill Downs!

Momentum is building for a fan boycott of Churchill Downs, the iconic horse racing track in Louisville, Kentucky, USA, where the world-famous Kentucky Derby is annually run and will be again this Saturday.

Submitted by Thomas Somach on, May/01/2014

UK Tightens Rules on High Street Betting Shops

LONDON - (Reuters) - Britain is tightening controls on the spread of betting shops and the high stakes gambling machines that account for a growing part of their business, the government said on Wednesday.

Britain has a well developed gambling industry and betting shops have been a feature of the high street for more than 50 years after they were legalised in the early 1960s.

However, public concern has been growing over clusters of shops housing machines on which gamblers can stake up to 300 pounds ($510) per minute playing games such roulette.

Submitted by Reuters on, May/01/2014

How to Fund an Online Betting Account in New Jersey: Firm Claims It’s Been Tough

Wayne Parry, New Jersey-based Associated Press writer, reports that funding an online betting account in the Garden State has not been easy despite the activity being legal for nearly 6 months now.

Funding by credit card has been among the most difficult.

Submitted by Ace King on, Apr/30/2014

Floyd Mayweather Wants to Buy LA Clippers: Gambling Rep Could be an Issue

WBC Welterweight champion Floyd Mayweather Jr. said Tuesday that he would like to purchase the NBA franchise LA Clippers. 

BetOnline

Mayweather, a regular at Clippers games, made the comment during a press conference while in Las Vegas.

Submitted by Don Shapiro on, Apr/30/2014

Nevada Gambling Revenue Up 7.6 Percent in March

Nevada gambling revenue up 7.6 percent in March; nearly 11 percent on Las Vegas Strip

CARSON CITY, Nev. (Associated Press) -- Nevada casinos won $982 million from gamblers in March, an increase of 7.6 percent from the same month a year ago with most casino games — from baccarat and craps to slot machines — posting better revenue numbers, state regulators reported Tuesday.

Submitted by Associated Press on, Apr/29/2014

Traders Betting on Bookies: Shares Climb

(Reuters) - Bid talk and relief about 'less draconian' Government measures lift the bookmakers

Traders were betting on the bookmakers amid a revival of bid gossip and relief that a clampdown on the gambling industry was likely to be less severe than feared.

Submitted by Reuters on, Apr/29/2014

Equity Poker Room Shuts Down Accounts Due to 'Growing Pains'

The newly formed online poker network Equity Poker has begun to shut down player accounts of those it deems to be “too aggressive”.

Submitted by Ace King on, Apr/29/2014

Bitcoin Sportsbook Coinbet.cc Folds After Only Four Months

Coinbet.cc, a bitcoin-only online sportsbook, has closed its doors, leaving customers wondering if they will ever see their winnings.


[SportsBettingOnline.com does accept bitcoin here
]

Submitted by Aaron Goldstein on, Apr/28/2014

Online Gambling in New Jersey: Toms River, Jersey City Top List of Registrants

This week we learned that Toms River ranked number one on the list of Most Registrants signing up and playing on licensed New Jersey online gambling websites. The state’s second largest city, Jersey City, ranked 2nd.

 

Submitted by Aaron Goldstein on, Apr/27/2014

5WPR CEO on Donald Sterling of LA Clippers Reputation: No Affect on Game Line

Sometimes, even the best communications strategy cannot solve problems that are uncovered by the media. 5WPR CEO, Ronn Torossian, who has worked extensively in crisis PR and is a regular contributor to the Gambling911.com website says that the reputation of Donald Sterling, the owner of the LA Clippers, is beyond the pale of repair for his comments - which were caught on tape by TMZ.

Submitted by Ronn Torossian on, Apr/26/2014

Las Vegas Sands Corp Beats Profit Expectations for 2014 Q1

LAS VEGAS (Associated Press) -- Casino giant Las Vegas Sands Corp. said its first-quarter net income rose 36 percent due to a strong performance in Macau, the world's largest gambling market.

Billionaire CEO Sheldon Adelson said Thursday that the company delivered growth in every sector of business in Macau, and reported that plans to add thousands more hotel rooms are on budget and on schedule. He predicted demand in the enclave, the only place in China where gambling is legal, would not be satisfied anytime in the foreseeable future.

Submitted by Associated Press on, Apr/25/2014

Churchill Downs Boycott Could Provide Wakeup Call as Execs Stuff Their Pockets

While it may not scare the masses away from next week’s Kentucky Derby, a call to boycott Churchill Downs could prove effective thereafter.

Submitted by Alejandro Botticelli on, Apr/24/2014

Jacob’s Family Has ‘Gambling’ Obstacle Standing in Way of Buffalo Bills Purchase

ESPN.com on Wednesday reported that the family involved with helping to find the Buffalo Bills a new owner hasn’t ruled out buying the franchise themselves.  The Bills previous owner, Ralph Wilson, died last month.

Jeremy Jacobs Jr., the son of Boston Bruins owner Jeremy Sr., is engaged in discussions related to the franchise's future.  The Jacobs, one of Buffalo's wealthiest families, would most certainly want the Bills to stay put.

Submitted by Don Shapiro on, Apr/24/2014

IGT Net Income Down 67 Percent as Slot Sales Decline

LAS VEGAS (Associated Press) — Gambling equipment manufacturer International Game Technology said its net income fell 67 percent as sales of slot machines declined and the company faced competition from smaller vendors.

Shares fell $1.45, or 10 percent, to $12.62 Wednesday.

Submitted by Associated Press on, Apr/24/2014

PokerStars and Top Tribe Agree to Offer Online Poker in California

Sacramento, CA - The Morongo Band of Mission Indians, California’s (and the world’s) three largest card clubs – the Commerce Club, the Hawaiian Gardens Casino and the Bicycle Casino – and The Rational Group, which owns and operates PokerStars, announced today that once California enacts legislation authorizing intrastate online poker, PokerStars will serve as the subcontractor providing the online poker platform and related services for a real-money online poker website to be licensed, owned and operated by an entity owned by the Tribe and the card c

Submitted by Press Release on, Apr/23/2014

Marc Pincus Steps Down From All Operational Roles at Zynga

The social gaming giant Zynga founder Marc Pincus has stepped down from all operational roles saying ““Ultimately a Ship Is Better With One Captain”.

The announcement was made on Wednesday. Pincus will assume the role of company Chairperson.

Pincus stepped down from his CEO position last year.

Submitted by Aaron Goldstein on, Apr/23/2014

WPT World Championship Atlantic City 2014 Numbers Are In: $1.3 Mil to the Champ

328 entries, $4,852,400 in prize money, to 36 spots will pay cash and $1,310,146 goes to the winner of this year’s WPT World Championship currently taking place in Atlantic City after 11 years in Las Vegas.  The event is expected to provide the struggling seaside gambling resort with a significant economic jolt.

Submitted by Ace King on, Apr/23/2014

ASA Says Paddy Power ‘Made Joke’ Out of Domestic Violence, Mocked Amputees

The Advertising Standards Authority (ASA) has banned Irish online bookmaker from ever promoting bets on the Oscar Pistorious trial.

Submitted by Jagajeet Chiba on, Apr/22/2014

Spirit Air Lines Thanks the 99.99 Percent of Its Flyers Who Didn’t Complain

Spirit Air Lines, a prominent carrier at both the Las Vegas and Atlantic City international airports, is thanking its 99.99 percent of flyers who didn’t complain.  A recent report that suggests the ultra low cost carrier is the “most complained about airline”.

Submitted by Aaron Goldstein on, Apr/22/2014

Breaking News

How Many Players Will Compete in 2017 Norwegian Championship Main Event?

Coolbet.com has posted odds on the number of players OVER/UNDER that will officially play in this year’s Norwegian Championship Main Event in Dublin.

Poker Players Go Off on PokerStars ‘Overcharging’ and ‘Not Honoring Agreements’

PokerStars Panama Tournament winner:  "It's time he stands up for everyone and makes it known that they need to make changes to help the players!!!"

Lufthansa Heist Suspect, John Gotti Grandson Busted in Latest Mob Takedown

Lufthansa Heist Suspect, John Gotti Grandson Busted in Latest Mob Takedown

Gotti grandson already behind bars for eight years on drug charges