Gambling Companies
Gambling Companies, Gambling Stocks
Pay Per Head Companies and Performance Reports
One of the biggest keys to running any type of business is to know the numbers inside and out. Just as a sports handicapper breaks down a particular matchup to uncover an edge in the betting lines for the game, as a bookmaker you need to constantly break down your business’s numbers to turn a profit on a regular basis.
Esquire: How Sex, Drugs and Gambling Can Help Boost a Nation’s Economy
Esquire Magazine’s digital edition featured an article Wednesday on how sex, drugs and gambling can actually help a nation’s economy.
They offer up a few strong examples.
When we think of sex and drugs and tourism, Amsterdam is typically the first thing that flashes in our minds.
Pennsylvania Introduces Online Gambling Bill in Senate: PokerStars Exclusion
Pennsylvania lawmakers on Wednesday introduced Bill 1386 in the Senate. The bill, drafted by State Sen. Edwin Erickson, would legalize online gambling in the Keystone State.
A newer version of the legislation co-sponsored by Republican Bob Mensch allows for an expanded number of casino games whereas Erickson’s bill focused almost exclusively on poker. Mensch also wants to charge a $5 million licensing fee along with a 14% tax on gross gaming revenues.
PokerStars Buyer Will Begin Talks With New Jersey Casino Regulators to Enter Market
ATLANTIC CITY, N.J. (Associated Press) - A Canadian company buying the PokerStars website will begin licensing talks with New Jersey casino regulators aimed at letting the world's largest Internet poker site operate legally in the state, the state's top casino regulator said.
Dreyfus: Online Poker is Coming to California
In his blog this week, Alexandre Dreyfus of the Global Poker Index writes that California dreaming is about to become a reality with Amaya’s acquisition of PokerStars last week and the ability for the world’s largest online poker room to now re-enter the California market.
A number of the powerful state tribes have offered up resistance when in comes to allowing PokerStars to re-enter the US market. They claim an unfair playing field since Stars operated in the States long after federal prohibition had passed.
Adelson Under Fire: Underage Gamblers, $1 Mil Contribution to PA Politicians
Gambling911.com’s own Thomas Somach is on the case and tells us that in Pennsylvania, casino magnate and GOP mega donor Sheldon Adelson is under fire for questionable political donations as well as another fine being levied against his property for allowing underage gamblers....total fines $305,000!!!!
PokerStars, Asia Pacific Poker Tour Debuts Beijing Millions
PokerStars and the Asia Pacific Poker Tour will host the inaugural Beijing Millions, scheduled for July 18th to 27th. It is the first foray into the Chinese Mainland market for both PokerStars and the APT.
While rare, a sanctioned poker tournament is not unprecedented in China.
In 2012 and 2013, the World Poker Tour did hold a US$1,500 event in Sanya, on the Chinese island of Hainan.
GTECH in Talks to Buy IGT
MILAN (Reuters) - Italian lottery operator GTECH is in preliminary talks to buy Las Vegas-based International Game Technology (IGT) in a cash and shares deal that would make it a significant player in the casino slot machine business.
GTECH said on Monday it had hired advisers to help it negotiate a deal, confirming what sources told Reuters last week. It gave no value for the potential bid.
Bitcoin Community Fears 51 Percent GHash Control: Others Say It’s Armageddon
On Friday for a period of nearly 12 hours, mining pool GHash had surpassed the 51% controlling share mark in the anonymous digital currency bitcoin and that has many watchers worried….perhaps with good reason.
Back in January GHash had 42% control and even then there were concerns mounting.
Amaya Would Become Largest Online Gambling Company, Pave Way for California
With word that publicly traded Amaya Gaming Group has agreed to the $4.9 billion purchase of PokerStars.com, the company will become the world’s largest online gambling business. It will also potentially help to usher in legalized online poker for the state of California.
Amaya Agrees to Acquire PokerStars, Full Tilt Poker for $4.9 Billion
MONTREAL, CANADA & ONCHAN, ISLE OF MAN –Amaya Gaming Group Inc. (TSX: AYA) (“Amaya” or the “Corporation”) and privately held Oldford Group Limited (“Oldford Group”), the parent company of Rational Group Ltd.
Can Casinos Save Detroit?
Detroit's shaky foundation of recovery may be backed by placing bets behind its local casinos. A trial to approve Detroit's plan to exit its $18 billion bankruptcy, the largest municipal crash in U.S. history, begins in late July. Revenue projections needed to stave off bankruptcy may be too ambitious. Even though Detroit gambling taxes are a stable source of money, casino revenue has declined recently in Detroit in the face of competition with traditional gambling hubs like Nevada and New Jersey as well as relative newcomers to the wagering scene.
Dubai Businessman Iraj Parvizi Sues Les Ambassadeurs Casino for Allowing Collusion
A Dubai-based businessman, Iraj Parvizi is suing London’s Les Ambassadeurs Casino for failing to prevent collusion and cheating in its establishment.
And the amount he is suing for?
£10,000,000.
The 48-year-old was a regular in weekly high stakes cash games held at the casino until he lost £185,000 in one session and refused to pay back for the chips he received on credit.
New Jersey Clarifies Online Gambling Affiliate Arrangements
The New Jersey Division of Gaming Enforcement has expressed the importance of affiliate relations to the growth of its state-run online gambling industry. On Tuesday, it sought to clarify the types of relationships and activity said affiliates can and cannot engage in.
IGT Seeking Sale: Shares Hit Five-Year Record High
News that International Game Technology (IGT) is potentially seeking a buyer resulted in shares reaching a five-year high on Monday. Morgan Stanley has been brought on to assess a sale of the slot maker’s business.
The shares rose 14 percent to $14.31 at the close in New York Monday, the biggest one-day gain since April 3, 2009. The stock had fallen 31 percent this year through June 6.
James Henderson Expected to Replace Outgoing William Hill CEO Ralph Topping
Online bookmaker William Hill is set to replace outgoing CEO Ralph Topping with the company’s current Director of Operations James Henderson, according to media reports that circulated over the weekend.
The firm downplayed rumors Monday morning, however, telling EGR Magazine they have yet to make a definitive decision.
Replacing Topping has been a priority for William Hill since announcing his retirement earlier in the year. He has been CEO of the UK’s biggest bookmaker since 2008.
BetFred.com Pulls Out of Germany, Canada, Most Other Markets Ahead of World Cup
Not the best timing as the FIFA World Cup is set to begin this week but BetFred.com customers from variously countries across the globe were advised this weekend they can no longer bet online with the company.
PokerStars Wants All-in With California Online Poker: Responds to Tribes
As Gambling911.com reported Tuesday, California’s 13 tribes have reached an agreement to allow real money online poker in the state after five years of standoff. But it seems the closer some groups come together, the further others end up apart.
Dreyfus Announces American Poker Awards to be Held in LA
Global Poker Index (GPI) head Alex Dreyfus has announced the first annual American Poker Awards.
The event will be held in Los Angeles, California, at the SLS Hotel in Beverly Hills on February 27, 2015.
The event looks to celebrate the poker industry and help develop the game worldwide by bringing some of the biggest names in the industry together.
"I think we are at the eve of a new boom," Dreyfus told PokerNews explaining how he believes this to be "the perfect time" for an initiative like the American awards."
Macau Gambling Revenue Up 9.3 Percent
HONG KONG – (Reuters) - Macau, the world's casino capital, raked in 32.35 billion patacas (US$4.05bil) in gambling revenue in May, boosted by robust demand from Chinese visitors keen to bet in the country's only legal casino hub.
Growth in Macau, a special administrative region like neighbouring Hong Kong, was up 9.3% in May, lagging analyst estimates of 13-15%.
William Hill Nasal Strips to be Handed Out for Belmont Stakes
The UK’s biggest bookmaker William Hill will be offering its own branded nasal strips at betting shops in honor of this year’s Belmont Stakes race and the next Triple Crown winner (wishful thinking perhaps) California Chrome. ESPN's Darren Rovell first reported on the most unusual offering.
Why nasal strips?
Forbes: Sheldon Adelson Winning His War Against Online Gambling
Forbes.com’s Nathan Vardi argued on Tuesday that casino billionaire and mega GOP donor Sheldon Adelson is now winning his war against Internet gambling.
It was a war mounted last fall that included slickly produced so-called public service messages coupled with lobbying efforts from some big name former politicians the likes of one time New York Governor George Pataki and former Arkansas Democratic Sen. Blanche Lincoln.
Poker Players Set to Rake in Winnings With $50,000 up for Grabs at BetOnline.ag
Responding to requests from their poker player base, BetOnline.ag have decided to re-run the $50,000 Single Table Tournaments, with a $50,000 prize pool at stake, and two chances to claim it, in the month of June 2014. Clearly this promotion proved to be highly popular with their players, and BetOnline.ag is only too happy to oblige, as they feel it is great to get such positive feedback.
Atlantic Club Casino Purchased by Florida Company TJM
ATLANTIC CITY, N.J. (Associated Press) — A Florida company bought the former Atlantic Club Casino Hotel on Thursday, and plans to operate it as a non-gambling facility.
TJM Properties paid an undisclosed sum for the casino and its 800-room hotel, which shut down in January.
It is the second acquisition this year of a former Atlantic City casino that the company plans to run as a non-gambling facility. In February, TJM bought the 500-room hotel portion of the former Claridge Hotel Casino, which was part of the Bally's Atlantic City casino, for $12.5 million.
Facebook Will No Longer Offer Real Money Bingo, Slots Friendzy App
London-based operator Gamesys has informed its players that Bingo & Slots Friendzy will no longer be available on the social network according to eGaming Review Magazine.
Macau Scraps Bill on Big Payouts Following Record Protests
(Reuters) - The top official in Macau, the world's gambling capital, said on Thursday a bill providing lavish perks for senior civil servants would be withdrawn days after the largest protest in the enclave since China restored control over it in 1999.
The climbdown represents the first time the government has taken heed of a large civic movement in Macau, a former Portuguese territory with autonomy and provisions for free speech much like neighbouring Hong Kong.
Massachusetts to Award First Casino License, Nevada Casino Revenue Flat in April
BOSTON (Associated Press) -- State gambling regulators say they'll begin the final, four-day long deliberation on awarding Massachusetts' first Las Vegas-style casino license on June 10.
The Massachusetts Gaming Commission said Thursday that the June 10 and 11 meetings will be in Springfield, the June 12 meeting in Boston and a June 13 meeting - when it is expected to issue a decision - will be in Springfield.
Churchill Downs, Showboat Hotel Online Gambling Lawsuit Moved to NJ Court
As if things couldn’t get any worse in the Garden State for its new online gambling industry, Churchill Downs and Atlantic City’s famed Showboat Hotel and Casino are embroiled in a lawsuit over a vendor agreement.
Churchill Downs had entered into a deal to purchase the Showboat Hotel.
NLR Entertainment owner Nicholas Ribis was paid $2.5 million as “earnest money" by Churchill Downs to be the exclusive vendor of NLR for the period 2014 until 2021.
Waddell & Reed Buys 16.96 Million Las Vegas Sands Shares
HONG KONG (Reuters) - U.S. fund manager Waddell & Reed Financial Inc said Wednesday it raised $1.38 billion by selling its remaining stake in Macau-based Sands China Ltd, and shifted most of its holdings to parent Las Vegas Sands to boost its global gaming exposure.
The sell-down comes as Macau gaming stocks face pressure due to a raft of negative news, after clocking a scorching pace of growth over the past two years.
Online Poker Processor Rat Daniel Tzvetkoff Will Likely Avoid Prison
The man who brought down PokerStars and Full Tilt Poker’s businesses in the US is not likely to receive any jail time.
