A powerful typhoon caused at least three deaths Wednesday in Macau, according to local authorities in the Chinese gambling enclave.
Business & Financial
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.
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.
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.
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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.
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.
The professional sports leagues are loving Daily Fantasy Sports...and with good reason.
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.
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.
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.
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.
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).
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).
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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.
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.
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.
(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.
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:
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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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.