Gambling Companies
Gambling Companies, Gambling Stocks
New York State Casino Expansion Approved by Voters
Election Day 2013 results included a win by New York gambling proponents on Tuesday after state residents voted in favor of an initiative for casino expansion.
The decision permits as many as seven Las Vegas-style casinos, with four in the first seven years, all of them upstate in an effort to draw New York City residents and tourists to the region.
Venture Capitalists Infuse More Money Into Betable
London-based online gambling website Betable has just received another $18.5 million in a round of funding led by Venture51, according to Christopher Griffin, CEO of Betable. So far, the Web gambling firm has raised an impressive $23 million in venture capital.
From The Wall Street Journal:
No Way Around Las Vegas Style Casino Gambling Coming to South Florida
Editorial cartoonist Chan Lowe of the Sun Sentinel has proclaimed the obvious: big name brand casino gambling is coming to sunny South Florida, and we’re not just talking Tribal casinos.
State politicians are hunkering down and working on bills to help bring Las Vegas style casinos to the Sunshine State.
Oddsmakers Way Off on Twitter IPO
PaddyPower.com, the Irish bookmaker, had been offering odds of Twitter’s IPO coming in between a value of $15 billion and $20 billion. That was the favorite one month ago and it appears they may have been a little bit off.
Just 30 days ago, initial public offering experts were floating a market capitalisation for Twitter of around $10 billion
Bookies Celebrate New Orleans Saints Loss to Jets
With the New Orleans Saints outright loss to the New York Jets, bookies made out like bandits Sunday. The Saints were seeing the most wagering action of any other team in the NFL Week 9.
More than 85 percent of those betting the Saints-Jets games were backing New Orleans.
The Dallas Cowboys were another public favorite on Sunday and, while they did manage to win outright, the Cowboys failed to cover the -10 point spread.
Equity Poker Network Gears Up For Real-Money Gaming Launch
San Jose, Costa Rica - Following a successful beta-test phase of flagship online poker room, FullFlushPoker.com, the Equity Poker Network (“EPN”) has confirmed a November 8th launch of their real-money gaming options. EPN’s shift from free-play to full real-money gaming finally gives Operators a viable, profitable alternative, and provides players across the Network with a safe, secure and entertaining poker experience with prize money on the table.
Nevada Casino Winnings Up 7.4 Percent in September
CARSON CITY (AP) — Nevada casinos won $958.8 million from gamblers in September, representing a 7.4 percent increase over the same month last year due largely to big betting on baccarat and luck that favored the house, state regulators said Thursday.
MGM Resorts 3rd Quarter Loss Narrows
LOS ANGELES - (Reuters) - MGM Resorts International posted a narrower third-quarter loss on Thursday and was optimistic about a planned new casino in Massachusetts, although lower-than-expected margins at its Chinese and Las Vegas operations disappointed some analysts.
MGM's net loss slimmed to $31.9 million, or 7 cents a share, from $181.2 million, or 37 cents, a year earlier. Excluding items, analysts, on average, looked for a loss of 3 cents a share, according to Thomson Reuters I/B/E/S.
Revenues rose 9.2 percent to $2.46 billion.
Borgata Sees 7 Percent Increase in 3rd Quarter Revenues
ATLANTIC CITY — (Associated Press) - Revenue at Atlantic City’s top casino increased by nearly 7 percent in the third quarter of this year.
The Borgata reported net revenue of more than $200 million, an increase of 6.9 percent.
Its earnings were up nearly 40 percent to $46.6 million due to better luck at table games.
The casino also increased its share of the Atlantic City casino market by three percentage points, to 21.4 percent.
Divorcing PartyGaming Founders Sell Stake in Gambling Firm Ahead of NJ Bid
Two of online gambling’s richest people are divorcing and will also be giving up their respective shares in bwin.party, the world’s largest digital gambling firm.
Caesars Entertainment Post Worse-Than-Expected 3rd Quarter Losses
LAS VEGAS (Associated Press) — Caesars Entertainment Corp. said Tuesday that its third-quarter loss expanded by more than 50 percent due to weakness in the U.S. gambling market and stiffer competition.
Casino revenue fell 7 percent because of fewer visitors to its properties in Atlantic City and other U.S. markets outside of Nevada. Caesars also lost revenue from selling part of its stake in a casino in Uruguay.
The company lost $761.4 million, or $6.03 per share, for the quarter that ended Sept. 30. A year earlier its loss was $505.5 million, or $4.03 per share.
FullFlushPoker.com Confirms November 8 Launch of Real Money Poker, Gaming
San Jose, Costa Rica – FullFlushPoker.com (“FFP”) is primed and ready to go live with full real-money gaming options on Friday, November 8th, when the new online poker room’s Cashier will be available for player deposits, and the FFP tables will finally open for much-anticipated ring games, buy-in tournaments, and sit n gos. (learn more about FlushFlushPoker.com here)
Price Per Head Betting - Wins by Favorites Have Sportsbooks Frowning
It is no secret that most Price Per Head bettors are also favorite bettors. That's the way the public is. They bet favorites.
And as most people at WagerHome.com can tell you, the constant challenge is to be able to put up numbers that allow for enough underdog play to get a decent balance on the books.
Lock Poker Customers Exposed to Automatic Download of Different Client
Following the termination by "Lock" of its contract with the Revolution Network earlier today it has come to Lock’s attention that players who attempt to log onto the Lock software are being redirected by the network to a page that contains false and misleading information and, rather than being presented with the new Lock 2.0 software, customers are subjected to an automatic download of competing poker software.
Breaking News: Lock Poker Launches New Poker Platform, New Beginning
Lock is very excited to announce the launch of their own poker software platform. The new software features include HU Rematch, re-entry tournaments, timed tournaments, weighted contributed rake and a native Mac client.
Lock will continue to offer 36% rakeback through their rakeback partners as well as the current VIP program. All points, tournaments tickets and bonuses will be migrated to the customer’s new Lock account seamlessly. You can visit lockpoker.eu to download the new software.
Neuberger Berman Investor Denied Details of Probe re 888 Holdings
A three-judge panel found that Benjamin Gamoran, a Neuberger Berman investor, is not entitled to see the full details of a probe the asset manager's board of directors performed into the late 2005 acquisitions of 888 Holdings PLC and Neteller PLC, according to Law360.com.
Mickey Mouse, Disney Caught Up in Florida Casino Scandal
Mickey Mouse and the rest of the Disney gang were red-faced this weekend after the New York Times outed the family theme park company for its apparent role in Florida gambling.
The Times reported that a portion of the profits derived from licensing Spider-Man and Iron Man slot games went right back in the pockets of Disney World in Orlando, Florida. The Walt Disney Company acquired the Marvel brand comics and associated branded characters for $4 billion in 2009.
And here is where the situation gets especially convoluted.
Steve Wynn Intensifies Disenchantment Over Massachusetts Gambling Policy
BOSTON (Associated Press) — Steve Wynn, the Las Vegas casino operator hoping to build a $1.2 billion gambling resort near the banks of the Mystic River in Everett, is criticizing the tough state regulations facing firms like his bidding for the right to build gambling facilities in Massachusetts.
He said any other business offering to create hundreds of jobs and spend billions of dollars would get a much warmer reception from state officials.
Casino Billionaire, GOP Donor Sheldon Adelson Wants Nuke Attack on Iran
Aging Las Vegas casino billionaire and one of the biggest donors to the Republican party, Sheldon Adelson, wants to bomb Iran….with a nuclear weapon no less.
This comes at a time when Iran and the US have entered into one-on-one diplomatic talks for the first time in more than 30 years.
But don’t tell that to Adelson.
Payday Loans Scrutinized in US, UK: Fuel Footballers Gambling Addictions
Federal regulators need to stop banks and payment processors from helping internet and tribal payday lenders collect illegal payments, consumer and civil rights groups urged today. That was the plea issued by the nonprofits National Consumer Law Center, The Center for Responsible Lending and The Consumer Federation of America.
Wynn Not Happy With Massachusetts Casino Licensing Process Either
Steven Wynn, the billionaire founder of Wynn Resorts, expressed disappointment with Caesars Entertainment Corporation’s decision to pull out of a Boston, Massachusetts casino project.
Caesars cited an excruciating licensing process that included mulling over a now-settled dispute with a high-roller over millions in gambling debts and questions regarding the company’s current head of its interactive division who once worked for one of the world’s largest online poker firms.
Wynn himself is pursuing a casino in nearby Everett, Massachusetts.
Robert Gustafsson Gang Charged with Theft in Philippines: G911 World Exclusive
Gambling911.com has exclusively obtained the first of what is expected to be many Theft charges to be filed against former Bodog executive Robert Gustafsson, Sylvia Bernadette Gonzales de Guzman and Sherwin Quiambao by the Philippines Department of Justice Office of the City rosecutors in Makati City. YOU CAN VIEW THE COMPLAINT-AFFIDAVIT HERE OBTAINED EXCLUSIVELY BY GAMBLING911.COM
Massachusetts Regulators Release Details of Objections to Caesars: Garber Responds
Massachusetts regulators have released details on their background investigation that led the group proposing a casino at Suffolk Downs to end its partnership with Caesars Entertainment, according to an Associated Press piece.
From The AP:
Betfair Joins Forces With Trump Plaza to Offer Online Gambling in NJ
ATLANTIC CITY — (Associated Press) - Trump Plaza is partnering with British company Betfair to offer Internet gambling once it begins in New Jersey next month.
Betfair is one of Britain’s largest online betting companies, and it owns TVG, the platform provider for 4NJBets. That is the only horse racing account-wagering platform available to New Jersey residents.
Gibraltar to challenge UK gaming restrictions
Gambling firms in Gibraltar are fighting back against the UK Gambling Bill, which was announced in the Queens Speech back in May. The tax changes are due to pass into law in March of next year and propose that gambling firms should be taxed on a ‘place of consumption’; (PoC) basis rather than on their ‘place of supply’.
‘Suitability’ of Caesars CEO Questioned in Massachusetts With Federal Probe Ongoing
Updated October 24, 2013: Gambling regulators in Massachusetts questioning the suitability of Caesars CEO of Company Acquisition, Mitch Garber, did not contribute to that company’s decision to withdraw a gaming license application in the state.
Mr. Garber offered this clarification to Gambling911.com following a report featured on the site yesterday and in various other media outlets suggesting otherwise.
Bodog Embezzlement Case Heats Up: Charges to be Filed Shortly
As reported last week, a number of former high-ranking employees of Bodog Brand’s Asian arm have been implicated in an embezzlement scheme, according to company officials and confirmed by a Bodog representative. Gambling911.com can reveal that charges are about to be filed against at least one of the individuals, Robert Gustafsson.
Depositing on WSOP.com Hasn’t Been Easy Say Players
The second real money online poker site to begin accepting players from the US within the US hasn’t had the easiest time getting money in (or off the site) according to complaints that have cropped up on the TwoPlusTwo.com message boards.
The Art of Slot Machines
With approximately 197,144 slot machines in Las Vegas alone, it’s no wonder that artists have started to recognise these games as a digital platform for their work. One such artist is marine muralist Robert Wyland.
Tropicana Casino Approved for NJ Online Gambling License
ATLANTIC CITY, N.J. (Associated Press) - New Jersey casino regulators continued their march toward Internet gambling Monday, awarding the state's fifth online gambling permit to the Tropicana Casino and Resort.
The state is preparing for the launch of online gambling in New Jersey, which will begin Nov. 26 after a five-day invitation-only test period to make sure all the systems work properly.
The awarding of the permit came as detailed regulations for Internet gambling took effect Monday.
