Gambling Companies
Gambling Companies, Gambling Stocks
Daily Fantasy Sports Leagues Not Mad for March Madness as Most Shun College Hoops
For the second time this year, fantasy sports leagues will be shut out of the action for a major sporting event.
Last month, none of the leagues weren't able to hold daily fantasy contests for the Super Bowl because Federal law bans fantasy play based on a single game.
This month, most fantasy sports leagues won't be holding any contests in connection with March Madness, the annual NCAA basketball tournament, because most leagues don't get involved with any college sports.
DraftKings May be Off the Hook With Class Action Clause
As reported on the Gambling911.com website and elsewhere, one of the world’s largest daily fantasy websites DraftKings is now the subject of a class action lawsuit claiming false advertising. But the Boston-based company may have an ace up their sleeve according to the legal firm JD Supra.
LCB Helps the Impoverished Through Kiva
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The company was founded in 2005 in an effort to alleviate poverty throughout the world, even in the most isolated global corners.
By helping the poor start up their own business or build better living conditions it aids in creating better lives for individuals and their families.
Paddy Power Reports Record Profits
Ireland’s biggest bookmaker, Paddy Power, has reported some of its biggest profits ever.
Shares in the company continued to surge on news that Paddy claimed €167 million in profits before tax and that it plans to return up to €392 million to shareholders.
The company’s net revenue increased 18% to €882 million with pre-tax profits growing 21% to €167 million. These impressive figures were helped by the number of bets placed at Paddy Power increasing by 16%. Online gambling makes up 77% of its overall business.
Betfair Better Than Expected 3rd Quarter
LONDON, March 5 (Reuters) - Online gambling company Betfair hiked its full-year profit forecast range on Thursday after trading remained strong following a better-than-expected third-quarter, sending its shares sharply higher.
The company, which runs an exchange that allows gamblers to bet against each other, said revenue jumped 20 percent in the three months to Jan. 31, as investment in products and marketing helped increase active customer numbers by half in its core markets, with sports and gaming income up strongly.
Macau’s Gambling Woes are a Win for Wynn
Despite the highly publicized corruption crackdown that has left the gambling hub of Macau nearly in tatters, one casino group operating there will benefit to the tune of $511 million.
That is the amount the Chinese subsidiary of Wynn Resorts Ltd. plans to issue in the form of a special stock dividend this month, according to Howard Stutz of the Las Vegas Review Journal.
More Time Permitted for Revel Casino to Seek Higher Bids
CAMDEN, New Jersey — (Associated Press) - A bankruptcy court judge says more time is needed to seek higher bids for Atlantic City's former Revel Casino Hotel.
Judge Gloria Burns delayed a decision Wednesday on the proposed $82 million sale of the shuttered gambling hall to Florida developer Glenn Straub. She did so after Los Angeles developer Izek Shomof expressed interest in buying Revel, but for $2 million less.
The $2.4 billion casino closed in September after just over two years of operation, during which it never turned a profit.
U.S. Government Blames Iran for Hack of Sands Casino Websites
Senior government officials have reportedly linked Iran to a hacking attack on the Sands Casino websites last year.
Hackers knocked all of the Sands websites offline and published sensitive personal information about Sands employees including their social security numbers in February of 2014. The sites remained down for over a week.
Casino Revenue in Macau Plunges Nearly in Half During February
HONG KONG (Associated Press) — Casino revenue in the world gambling capital of Macau plunged by nearly half last month as fewer mainland Chinese high-rollers visited during the busy Lunar New Year holiday.
Data posted on the gambling regulator's website Tuesday show that February's gross gambling revenue fell by 48.6 percent from a year earlier, the biggest monthly decline on record.
It's the ninth straight month that gambling revenue has declined in Macau.
BetConstruct Grabs Gold and Lanyard Sponsorships at Upcoming DFSE in Miami Beach
Existing operators and those looking to enter the lucrative new industry of daily fantasy sports will be happy to know that software providers and white labels plan to show up in force this August in Miami Beach for the first ever Daily Fantasy Sports Expo (DFSE).
The most visible of these providers is going to be BetConstruct. They have secured both the gold and lanyard sponsorships at DFSE.
Las Vegas Westgate Casino Finds Innovative Way to Offer Online Sports Betting in US
The Westgate Casino and Sportsbook in Las Vegas on Monday announced it had entered into a deal that would allow sports betting throughout the U.S.
Skrill to Exhibit at Daily Fantasy Sports Expo in Miami Beach
Another huge addition to this August’s Daily Fantasy Sports Expo in Miami Beach as one of the world’s largest payment solutions, Skrill , will be a main exhibitor. Skrill, formerly known as Moneybookers, is only second to PayPal in terms of customers in the digital payments solutions sector.
Macau Casino Stocks Tanking as Revenues Continue to Decline
Casino shares in the Chinese gambling enclave of Macau fell Wednesday, a result weak travel expectations for the Lunar New Year holiday period and diminishing high roller activity.
From Bloomberg News:
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Fantasy League Meeting With Ray Rice Reps on Wednesday
$1 Million Endorsement Deal is on the Table
VANCOUVER -- Only time will tell which of the many fantasy sports leagues popping up all over North America are destined to survive.
And thrive.
But if marketing savvy is any indication of future success, one new league looks like it has hit a home run (or in this case, scored a touchdown).
Breaking News: DraftKings CEO Jason Robins to Speak at DFSE in Miami Beach
Miami Beach will be Daily Fantasy Sports Central the first week in August with organizers of the highly anticipated Daily Fantasy Sports Expo confirming that DraftKings.com CEO Jason Robins will be speaking at the event.
DraftKings is a leader in the world of Daily Fantasy Sports. They have partnered with a number of major league sports teams including the New England Patriots, and more recently the red hot Golden State Warriors.
WPN Sees Success With First Ever Winning Millions: More to Come
The first ever Winning Millions is now history and it appears to have gone off without much of a hitch, albeit the initially scheduled event had to be cancelled due to Denial of Service attacks.
Fantasy Sports Industry Pushes for Legalization in All 50 States
The Fantasy Sports Trade Association (FSTA) recently unveiled the Fantasy Sports Freedom initiative with the goal of promoting legalization of fantasy sports in all 50 states.
Right now five states – Arizona, Iowa, Louisiana, Montana and Washington – clearly bar pay-related fantasy sports operations. Some daily fantasy sports sites have also steered clear of states where contests paying cash prizes fall into a grey area.
Another Deal to Sell Revel Casino is Dead
CAMDEN, N.J. – (Associated Press) - Another deal to sell Atlantic City’s former Revel casino is dead.
A bankruptcy court judge on Thursday approved Revel AC’s termination of a deal to sell the shuttered gambling resort to a Florida developer for $95.4 million.
The sale was supposed to have been completed by Feb. 9.
Winning Millions is This Sunday: Get Your Share
On Sunday, February 22nd at 3:00pm ET, Americas Cardroom will make history by hosting the Winning Millions Poker Tournament! This $540 buy-in no-limit Texas Holdem tournament guarantees the first place winner will bring home a life-changing $200,000.00!!!
PokerStars Excluded From NJ Market: Resorts Moves Forward With Web Gambling
ATLANTIC CITY (Associated Press) - New Jersey’s oldest casino is about to get in on the newest form of gambling.
Resorts Casino Hotel won approval Wednesday to launch its Internet gambling site, which may be fully operational within several days.
But the approval by the New Jersey Division of Gaming Enforcement isn’t the one many online gamblers were hoping for.
The biggest gambling event in the UK
It’s getting to that time of year again when many people in the UK begin to get excited about the biggest single gambling event the country has to offer. That is the Grand National.
More than £150million is gambled on the big race by UK punters alone each year, with millions more being gambled around the world as the race is broadcast live to so many people in so many countries.
Bruce Jenner Betting Crosses Line: Bookie Apologizes for Taking Bets on New Name
Australian bookmaker Sportsbet.com.au has apologized for offering what some say was offensive betting options on one-time Olympian Bruce Jenner’s new name after it was confirmed he is undergoing a sex change.
While the wagering firm may be sorry, they are not about to suspend betting on Jenner’s gender transformation.
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Online gambling continues to increase in popularity around the globe and online bingo has exploded over the years paving the way for sites such as www.BingoReviewer.co.uk (BR). As an online bingo resource, it takes players by the hand and gives them a full run down of what to expect from a wide variety of sites, 309 to be exact. BR launched in 2006 and features the tagline “Play it. Rateit. Review it. ”The core concept of the site is based on the reviews of online bingo operators and player ratings.
William Hill and 888 End Takeover Talks, Nio Acquires Guts.com
William Hill, Great Britain’s biggest bookmaker, has confirmed they ended talks to buy 888.com.
Shares in 888 Holdings plunged in early morning trading Monday as a result of the news.
“Due to a significant difference of opinion on value with a key stakeholder, it has not been possible to reach agreement on the terms of a possible offer and the board of the company has agreed with William Hill to terminate discussions,” 888 said.
Bwin.Party Shares Tank as Hopes for Buyer Diminish
Shares in the FTSE 250 online gambling company Bwin.Party lost almost a fifth of their value Friday after reports surfaced that a potential suitor had stopped pursuing the struggling company.
The shares fell 18.95p to close the day at 83.55p.
The gambling firm was in talks to be acquired this past November but discussions reportedly stalled.
Bookmaker Looks for Boost With Morgan Spurlock ‘Inside Man’ Bitcoin Survival Piece
CNN’s Morgan Spurlock “Inside Man” plans to take us inside the world of anonymous digital currency Bitcoin on Thursday February 19, 2015 at 9 pm EST and online gambling site Bookmaker.eu is hoping to capitalize on what will likely be a mini-surge of sorts on folks trying out the mysterious currency.
Fantasy Sports Site DraftKings.com Exclusive Deal With UFC ‘Imminent’
One of the powerhouses in daily fantasy sports, DraftKings, is reported to be close to an exclusive sponsorship deal with the UFC (Ultimate Fighting Championship).
Colin Neville, vice president of the venture capital firm The Raine Group in NYC, first disclosed the pending UFC deal during a conference in New York City on Monday.
FINRA Investigation Into Amaya, PokerStars Acquisition Could Scare Off US Suitors
PokerStars had hoped to potentially enter the U.S. regulated online poker market through an acquisition by Canadian gaming firm Amaya. Those hopes could soon be dashed with fears over an ongoing investigation into last year’s blockbuster acquisition being conducted by the Financial Industry Regulatory Authority (FINRA).
Judge Puts Revel Casino Deal on Hold
(Reuters) - A federal judge in New Jersey on Sunday called a temporary halt to the pending sale of bankrupt Revel Casino in Atlantic City and scheduled a hearing on Monday on a motion to block some of the terms of the $94.5 million deal.
U.S. District Court Judge Jerome B. Simandle ordered an emergency hearing for 3 p.m. in the proposed sale of the property to Florida developer Glen Straub, who could lose his $10 million deposit if the deal does not close by Monday's deadline.
