Business & Financial

Federal Bill Outlawing All Online Gambling Except Poker to be Introduced in March

U.S. Senator Dean Heller (R-Nevada) said he anticipates new federal legislation banning all forms of online gambling except poker to be introduced in the coming months.  Such a measure would ban Internet sports betting and online casinos, the later of which are currently permitted in the state of New Jersey.

Heller and others in Congress have attempted to pass similar legislation in recent years without any success.

Submitted by Gilbert Horowitz on, Feb/20/2014

North vs. South in New Jersey Gambling Expansion Debate

North New Jersey lawmakers want a casino in the Meadowlands, just a minutes drive away from Manhattan (barring rush hour).  South Jersey lawmakers want gambling to be inclusive to Atlantic City.

Submitted by Aaron Goldstein on, Feb/20/2014

Playtech to Pay Special Dividend as Profits Rise

(Reuters) - Gaming software developer Playtech (PTEC.L) said it would pay shareholders a special dividend of 100 million pounds ($167 million) as it posted a rise in full-year profit for 2013.

Playtech, which develops software for betting firms such as Paddy Power and Betfair, said on Thursday 2013 adjusted core earnings  grew 17 percent to 159.4 million euros excluding the share of profits received from William Hill Online after it sold its stake in the venture last March.

Submitted by Reuters on, Feb/20/2014

Full Tilt Poker Defendant Ira Rubin ‘Faulty’ Indictment Claim Denied by Judge

A U.S. Court of Appeals for the Second Circuit judge on Wednesday rejected Ira Rubin's claim that his indictment was faulty because the conduct he was charged with was not a crime under the Unlawful Internet Gambling Enforcement Act of 2006 (UIGEA).

Submitted by Jagajeet Chiba on, Feb/19/2014

Sands Bethlehem was Main Target of Last Week’s Hacking

LAS VEGAS -  (Associated Press) -- Casino giant Las Vegas Sands Corp. said Tuesday that hacking into their websites and internal systems last week went deeper than the company had previously known.

All of the Las Vegas-based company's sites were down for six days after hackers posted images apparently condemning comments CEO Sheldon Adelson made about using nuclear weapons on Iran.

Sands said hackers crashed its email system and stole employees' Social Security numbers.

Submitted by Associated Press on, Feb/19/2014

Bwin.Party Shares Up Another 3.5 Per Cent as Ader Prepares His Move

Bwin.Party shares continued to climb on news that an activist investor, Jason Ader, was getting ready to hand pick someone new to join that online gambling firm’s board.  Shares rose another 3.5% Wednesday following the February 18 news.

Submitted by Aaron Goldstein on, Feb/19/2014

The Bitcoin Revolution on CBS4 South Florida (Video)

“This high tech coin could make cash money obsolete.”  That’s the introduction to a special report Wednesday night on CBS4 South Florida.   The video itself should be available on the CBS4 website by Thursday morning.

Submitted by C Costigan on, Feb/19/2014

Real Gaming Becomes Nevada’s 3rd Real Money Online Poker Site to Launch

They wanted to be first but they also wanted to do things right.  South Point Casino has finally launched its real money online poker site, changing its name to Real Gaming.

The site has not gotten off to the clean start South Point would have liked, however.

Submitted by Ace King on, Feb/19/2014

Sands Hackers Got Customer Credit Card Info, Passwords for Slot Machine Systems

LAS VEGAS (Associated Press) — Casino giant Las Vegas Sands Corp. said Tuesday that hacking into their websites and internal systems last week went deeper than the company had previously known.

Submitted by Associated Press on, Feb/19/2014

2014 NJSOA - NJLESA Poker Tournament to Benefit Sandy Relief March 7

Hey poker fans, the 2014 NJSOA/NJLESA Poker Tournament, which we at like to call the Super Storm Sandy Relief Tournament, will be held this coming March 7 at the Tropicana Casino Poker Room in Atlantic City. 

Tropicana Casino Poker Room 2831 Boardwalk Atlantic City, NJ 08401 (609) 340-4000

(All participants are encouraged to arrive early. Participants must register for a free Trop Advantage (players) Card in order to enter the tournament)

Submitted by Patrick Flanigan on, Feb/18/2014

‘Love Is Love’ $50k Same Sex Wedding Giveaway Offered at Caesars

Caesars Entertainment in Atlantic City is celebrating same sex marriages with a “Love Is Love” $50,000 same sex wedding giveaway. 

From the bachelor or bachelorette party all the way through to the "I Do's", this package features the best of the best in Atlantic City.

Submitted by Sparky Collins on, Feb/18/2014

Man Behind the Curtain of IGT Shakeup Now Looks to Pull Strings at Bwin.Party

For long time readers of this may all seem like déjà vu.  It was reported Tuesday that an activist investor could be looking to shake things up at online gambling giant Bwin.Party

Submitted by Jagajeet Chiba on, Feb/18/2014

Breakup of Bwin.Party Possible With Activist Fund Taking Stake in Company

The Financial Times of London is reporting that a New York-based activist hedge fund will be taking a stake in struggling Bwin.Party

SpringOwl, which is managed by the activist fund Cumberland Associates, has “agreed in principle” to purchase around 6.1 per cent of Bwin.Party from the group’s founders, Ruth Parasol and Russ Deleon.

As part of the deal, SpringOwl will have the right to appoint one director to the board.

Submitted by Aaron Goldstein on, Feb/18/2014

Online Gambling Gold Rush: Adelson was Once Poised to Operate Web Casino

In a 2007 piece appearing in the San Francisco Chronicle, Thomas Somach wrote extensively on the potential for an Internet Gambling gold rush in the US where land-based casinos and even the likes of Disney could get into the fray.

Submitted by C Costigan on, Feb/18/2014

Sands Casino Websites Finally Restored Following Hacking

(Associated Press) - Casino giant Las Vegas Sands Corp. has restored its websites a week after they were hacked.

The Las Vegas-based company pulled down its sites Feb. 13 after hackers defaced them with images condemning comments CEO Sheldon Adelson had made about using nuclear weapons on Iran.

Sands restored the websites Monday afternoon. Spokesman Ron Reese says the company first became aware of the hacking on Feb. 12, when company email went down.

Submitted by Associated Press on, Feb/17/2014

Frustration Continues as Sands Las Vegas, Venetian Websites Down Again

One week after a malicious hacking of the Sands Las Vegas casino websites, the progress getting them back up has been especially slow.

Submitted by Aaron Goldstein on, Feb/17/2014

Mt.Gox Bitcoin Exchange Withdrawals to Resume ‘Shortly’

Following a halt to bitcoin withdrawals by one of the anonymous digital currency’s largest exchanges, Mt.Gox, it was announced Monday that these withdrawals should resume “shortly”.

Submitted by Aaron Goldstein on, Feb/17/2014

New Jersey Online Gambling Expected to Triple in 2014

The Daily Record of New Jersey describes how that state’s new online gambling sector is expected to triple by year’s end.

Submitted by Ace King on, Feb/17/2014

Sands Casino Websites Back Up But Slow to Access

Days after a hacking of its various corporate websites, Sands Casino was back up and operational on the Web Saturday evening.  Still, the sites were slow to access at times.

The access time had some initial telltale signs of a Denial of Access (DoS) attack though the slow downloads were more likely attributed to routine maintenance.

A DoS attack sends pockets of useless traffic from compromised servers to a website, thus crippling load ability. 

Submitted by Jagajeet Chiba on, Feb/15/2014

Former Atlantic City Mayor Claims Caesars ‘Meddling in Atlantic Club Future’

ATLANTIC CITY, N.J. (Associated Press) — A state senator says the company that bought the former Atlantic Club Casino Hotel wants to make sure it never reopens as a casino.

James Whelan, a former mayor of Atlantic City, wrote this week to New Jersey casino regulators complaining about what he says are attempts by Caesars Entertainment to prevent a future buyer from operating the property as a casino. He said the company is seeking a deed restriction to be part of any future sale of the property dictating that it cannot be used as a casino again.

Submitted by Associated Press on, Feb/15/2014

New Jersey Approves Revel Co-Owners to Operate Casino

ATLANTIC CITY, N.J. (Associated Press) — New Jersey casino regulators gave final approval Wednesday to an investment firm to be the largest owner of Revel Casino Hotel.

The state Casino Control Commission granted final approval to Chatham Asset Management, a hedge fund that is part of a lender group that emerged with an ownership stake in Revel following its bankruptcy last year. Chatham owns 28 percent of Revel.

But how long any of this lasts is anyone’s guess. Revel is considering selling itself or making a second bankruptcy filing.

Submitted by Associated Press on, Feb/14/2014

Sands Hacked Casino Page Now Features Images: Still Reports Record Profits

Four days after Sands Las Vegas casino websites were hacked into, the respective sites for nine different properties are yet to be operating in full capacity. 

Submitted by Aaron Goldstein on, Feb/14/2014

Stanley Ho's SJM Makes Fresh Start With New Macau Casino

(Reuters) - Macau gambling kingpin Stanley Ho helped put the former Portuguese colony on the map 40 years ago with the fluorescent, onion-shaped Casino Lisboa. Now, the pioneer of old Macau is creating a new landmark - a $3.9 billion resort that will be one of the final projects to open on China's booming Las Vegas-style Cotai strip.

Submitted by Reuters on, Feb/14/2014

PokerStars Sportsbook: World’s Number One Could Dive Into Sports Betting

The world’ largest real money online poker site PokerStars is said to be contemplating the addition of a sportsbook.

Submitted by Nagesh Rath on, Feb/13/2014

Regulators Still Unsure if Sands, Venetian Guest Credit Card Info Compromised

LAS VEGAS – (Associated Press) - A Nevada gambling regulator said Thursday afternoon that it's unclear whether the hackers who knocked down all of Las Vegas Sands Corp.'s websites for three days and counting had stolen patron data, including credit card information.

Submitted by Associated Press on, Feb/13/2014

Second Bitcoin Exchange Halts Withdrawals: Canada to Tighten Grip

A second major bitcoin exchange has temporarily ceased withdrawals following an apparent cyberattack that has seen the anonymous digital currency’s price drop in recent days.

Bitstamp followed the move of Mt.Gox by halting withdrawals after hackers had exploited a bug in some underlying software to carry out the attack.

Submitted by Aaron Goldstein on, Feb/13/2014

FBI Confirms Probe of Sands Website Hackings: Credit Card Breach a Concern

Day 3 of the Las Vegas Sands casino websites remaining down following a corporate-wide hacking and it was still unclear as to whether customer credit card information could have been compromised.

At the time of the hacking, employee social security numbers were seen scrolling across the breached website.

Submitted by Aaron Goldstein on, Feb/13/2014

CAN’T-Bet: Canbet Freezes $300k: Punters Issue Death Threats, File Lawsuits

Once among the most prestigious Australian online bookmakers, Canbet is now finding itself mired in scandal after freezing approximately $300,000 in player funds.

The reason: Financial restructuring, a gentle way of saying the company is having financial problems.

Submitted by Jagajeet Chiba on, Feb/13/2014

New Jersey Online Gambling Revenue Numbers Released: 28 Percent Increase

Internet gaming win for January 2014 increased 28% from the $7.4 million reported in December 2013.

As of January 31, 2014, 197,782 Internet gaming accounts have been created since the beginning of soft play on November 21, 2013.

Based upon filings with the Division of Gaming Enforcement, total gaming win from the casino hotels and Internet gaming operations totaled $195.7 million in January 2014,compared to $205.2 million in casino win last January.

- Aaron Goldstein,

Submitted by Aaron Goldstein on, Feb/12/2014

Rabcat Releases Castle Builder to the International Gaming Community

Austria - Rabcat is announcing the worldwide launch of its most innovative and successful real-money game yet, Castle BuilderTM.

Submitted by Press Release on, Feb/12/2014

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