Gambling Companies
Gambling Companies, Gambling Stocks
Ultimate Poker Successful Completes Field Trial
LAS VEGAS, NV - Ultimate Gaming, a majority-owned subsidiary of Station Casinos LLC, has successfully completed the field trial for Ultimate Poker, receiving recommendation for approval from the Nevada Gaming Control Board to continue offering real money online poker at UltimatePoker.com.
Nevada Gambling Revenue Up, Zynga Rises
(Associated Press) - The state Gaming Control Board reports Nevada casinos won $897.3 million in May, posting a 1.37 percent increase from the same month a year ago.
The May winnings pushed the fiscal year-to-date total to more than $10 billion, 2.4 percent more than last year.
Taxes collected on the May win totaled $57.5 million, an increase of 10.9 percent.
The Las Vegas Strip posted a 6.4 percent monthly gain over May a year ago and is now 5 percent ahead of 2012.
Casino winnings in Reno jumped 9.8 percent.
Bwin.party Lower Margins in Sports Betting Hit Q2
The second quarter of 2013 for Bwin.party was mired by lower margins in sports betting, the City reported on Wednesday.
Bwin is dealing with a turnover tax on sports betting in Germany, its largest market, and competition in the bingo sector in Britain and Italy, according to the City.
“While the revenue performance was down on last year, we remain on course to deliver the targeted €70m (£60m) of cost savings in 2013 with more to follow in 2014,” chief executive Norbert Teufelberger said in a statement.
Atlantic City has Worst Year Ever
ATLANTIC CITY – (Associated Press) - This year is shaping up to be the worst for the Atlantic City casino industry in the last 22 years.
Figures released Wednesday by the state Division of Gaming Enforcement show the city's 12 casinos are on a pace that would see them take in less than $3 billion from gamblers for the first time since 1991.
For the first six months of the year, the casinos won $1.38 billion, down 10.7 percent from the same period last year.
Caesars Shares Up Due to Online Gambling Spinoffs
Caesars Entertainment Corp (CZR) has gained 13 percent to $15.94 Wednesday after announcing it plans to offer about $1.18 billion in stock in its expansive US-based online gambling business. The company has more than doubled this year.
The company plans to offer a real money platform for its WSOP.com website and last week partnered up with its four Atlantic City properties to begin offering real money Web gambling to residents of New Jersey.
Zynga Unveils Real Money Gambling Apps for Facebook
Zynga was in the process of unveiling its real money gambling apps during a conference in Barcelona, Spain.
From ValueWalk.com:
Paddy Power to Offer Real Money Sports Betting on Facebook
The UK’s third largest bookmaker, Paddy Power, has announced it will be offering real money sports betting on Facebook.
The news broke early Wednesday with beta testing currently in progress. The new platform was developed by Paddy Power’s team out of Bulgaria.
“The app will add social engagement to online betting, enabling customers to bet on a wide variety of sporting events through Facebook while also giving them visibility of, and the opportunity to engage with, other users. Player participation will be subject to strict age verification checks,” said Paddy Power.
Americas Cardroom to Unveil Cutting Edge Software: Fastest Paying Online Poker Room
North America’s fastest paying online poker room, Americas Cardroom, is about to take it to the next level.
ACR has long been praised for its fast payouts and aggressive promotions including the first ever progressive rake race and, how can we forget THE BEAST?
The biggest criticism lodged against Americas Cardroom – Its software can at times be clunky.
MGM Funds Pro Casino Group in Massachusetts
BOSTON — (Associated Press) - MGM Resorts International, which hopes to build a resort casino in Springfield, spent nearly $1 million over a six-week period in an effort to convince voters to back a July 16 referendum on the proposal, according to campaign finance records.
The leader of a group opposing the casino said it has spent little and is relying on grassroots efforts to get its message across.
Phil Ivey Inks Deal With California Tribal Casino Online Poker Room
PokerFuse.com is reporting that poker pro Phil Ivey has entered into a deal to act as front man for the Pala band of Mission Indians new online poker room.
Italy Online Poker Future is Bleak
For a time, Italy had become one of the most lucrative online poker epicenters with its population just shy of 60 million.
Steve Wynn on Conclusion of Investigation: ‘Only Damn Newspapers Cared’
US federal investigators are now through looking at a US$135 million donation given to a university in Macau by casino giant Wynn Resorts.
The Securities and Exchange Commission concluded Wynn Resorts, which has a casino in the gambling enclave of Macau, did nothing wrong and will not be perusing enforcement action.
“We were so sanguine that we never paid any attention to it; we had no exposure. It was a non event except for the damn newspapers,'' CEO Steve Wynn said.
World Series of Poker Day 1C Likely Record Breaker for Single Day Entries
Today marks the final starting flight of the 2013 World Series of Poker Main Event, and already the record for the largest one-day Main Event field in history (3,418 players) looks to be in jeopardy. Earlier today, Ty Stewart of the WSOP tweeted that there were already 3,000 players registered for the third and final starting day, and this was three and a half hours prior to play starting and eight hours before registration closes.
Dragon’s Tale Multiplayer Role-Playing Bitcoin Casino Finally Launches in Beta (Video)
The folks at eGenius have launched a new Bitcoin online casino called “Dragon’s Tale”, billed as the “first ever massively multiplayer role-playing online casino”.
This is a 3D platform featuring a collection of mini-games that will begin beta testing on July 12.
Macau Remakes Gambling Landscape
(Associated Press) Most people still think the U.S. gambling industry is anchored in Las Vegas, with its booming Strip and 24/7 action, a place where years of alluring marketing campaigns have helped scrub away the taint of past corruption.
‘Closeted Skeletons’ Complicate Legalization of Online Gambling in US
Joshua Brustein of BusinessWeek.com wrote an article Monday dealing with what he calls the “closeted skeletons” getting in the way of online gambling legalization in the US.
PokerStars New Security Measure Implemented
SMS Validation will protect the security of PokerStars player accounts
ONCHAN, ISLE OF MAN –PokerStars is pleased to announce ‘SMS Validation’, a new feature in the software to protect the security of PokerStars player accounts. The new feature is designed to reduce the vulnerability of player accounts to unauthorised hackers.
Free to Play Online Poker: Ivey Poker Facebook App Review
When it comes to free to play online poker websites, none are likely to come close to the new Ivey Poker, which recently launched on Facebook.
World Series of Poker Real Money Online Poker Site to be Up by Late Summer
Caesars Interactive Entertainment CEO Mitch Garber is a busy man these days.
Gambling Business: Macau Casino Magnate to Open Russian Casino, More
Macau gambling mogul Lawrence Ho is extending his Melcro Crown casino empire to Russia's Far East. It will be the first well – known casino name in Russia’s Primorye gambling zone, after the country limited gaming to special zones in 2009. Read More at RT.com here.
More NJ Online Gambling Deals Forged: Betfair-Trump Plaza, Gamesys-Tropicana
Following news that PokerStars has joined forces with Resorts Hotel and Casino to offer real money online poker in New Jersey, it was later announced that Europe’s biggest betting exchange, Betfair, has inked a deal with the Trump Plaza. Meanwhile, online gaming firm Gamesys has entered into a partnership with the Tropicana Hotel and Casino in Atlantic City.
Zynga Pays New CEO $5 Million Signing Bonus
(Associated Press) - Struggling Web game maker Zynga gave new CEO Don Mattrick a $5 million signing bonus and stock awards valued at $40 million to lure him away from his previous job overseeing Microsoft's Xbox console for video games.
Poker Community Reacts to PokerStars Re-entry Into US Market
The poker community is rejoicing news that PokerStars will be re-entering the US online poker market by way of New Jersey.
It’s On! New Jersey Takes on Nevada to Control Large Chunk of Online Gambling Market
News Wednesday that PokerStars and Resorts Casino had entered into a deal to bring online poker to New Jersey residents will have a dramatic impact well beyond the Garden State’s own borders.
Breaking News: Resorts and PokerStars to Offer Online Gambling in New Jersey
ATLANTIC CITY - Resorts Casino Hotel and The Rational Group, operator of PokerStars, the world’s largest online poker site, have reached an agreement to provide online gaming in New Jersey, the companies announced today.
The agreement links the first casino to open in Atlantic City with one of the biggest online gaming companies in the world.
Trump Daughter Talks Online Gambling With Bloomberg: Initiative is Complicated
This week it was announced that Ultimate Gaming would begin offering real money online gambling to New Jersey residents through a partnership with the Trump Taj Mahal. The Taj Mahal retains online gambling rights to the Trump name but the Donald himself may want to jump directly into the US-legalized Web gambling fray.
Hard Rock Hotel and Casino Vancouver to Open Later This Year
(Las Vegas) - Hard Rock Hotel & Casino Las Vegas is pleased to welcome Hard Rock Casino Vancouver to the Hard Rock Hotel and Hard Rock Casino (HRHH) family and looks forward to the unveiling later this year.
Reputable for its unrivaled offerings influenced by the love of music, the announcement of the Canadian property follows shortly after the Hard Rock Hotel and Casino was selected to be the brand new casino offered in Sioux City, set to open summer 2014.
Carbon Poker Looking Closely at Bitcoin
A rep for Carbon Poker, the flagship Internet poker room on the Merge Gaming Network, has confirmed that the company is looking very closely at offering the anonymous digital currency Bitcoin as a payment option.
Bitcoin IPO Planned as Winklevoss Twins Plan to Sell at $20 Million Shares
(Reuters) - The Winklevoss twins, who famously alleged that Facebook Inc founder Mark Zuckerberg stole their website idea, have revealed plans for an IPO that will give investors exposure to the value of digital currency Bitcoins.
Winklevoss Bitcoin Trust, which is designed to operate like an exchange-traded fund, will initially sell $20 million worth of shares, with each share worth a fraction of a Bitcoin, a filing with the Securities and Exchange Commission showed on Monday.
Mark Pincus Steps Down as CEO of Zynga
NEW YORK (Associated Press) -- He's not heading out to pasture, but the CEO of "FarmVille" maker Zynga Inc. is stepping aside as the troubled online game company looks to revive itself and lift its stalled stock price.
Mark Pincus will be replaced on Monday, July 8, by Don Mattrick, who was most recently head of Microsoft's Xbox division. Zynga said Monday that Pincus, who founded Zynga Inc. and named it after his American bulldog in 2007, will stay on as chairman and chief product officer.
