Gambling Companies
Gambling Companies, Gambling Stocks
Full Tilt Poker Affiliates Out of Luck With PokerStars Takeover
For previous Full Tilt Poker affiliates hopeful they might win out from the recent takeover by PokerStars, that won’t be happening. Stars has decided it will no longer honor existing FTP affiliate agreements.
William Hill and Sportingbet Agree to Takeover Terms
The United Kingdom’s largest bookmaker, William Hill, is one step closer to taking over rival Sportingbet, one of the first successful online bookmakers.
William Hill and takeover partner GVC Holdings said that any deal is contingent upon certain detailed terms and conditions.
The proposed offer is about 20 percent higher than a previous one made last month. This takeover proposal would beworth 61.1p per share to Sportingbet's shareholders, compared with the previous one worth 52.2p a share.
A formal offer would be recommended to Sportingbet’s shareholders.
Casino Table Games Up 15 Percent in PA
PHILADELPHIA — (Associated Press) - Gross revenue from table games rose 15.4 percent last month compared to the same period a year ago, state gambling regulators reported today.
The state's 11 casinos generated $59.3 million in gross revenue from table games in September, an increase from $51.4 million during the same period a year ago, according to Pennsylvania Gaming Control Board revenue figures. Last month's numbers include $2.9 million generated at Valley Forge Casino Resort, the state's newest casino, which opened in March.
Tom ‘Durrrr’ Dwan, Vikton ‘Isildur1’ Blom Signed to the New Full Tilt Poker
Two of the biggest names in the modern day of poker, Tom “Durrrr” Dwan and Viktor “Isildur1”, have been announced as the latest signings for the reincarnated Full Tilt Poker.
FTP is scheduled to come back online the first week in November. Dwan had represented the company previously while Blom was signed on with PokerStars, which is currently the world’s largest real money poker site and new parent company of Full Tilt Poker.
Coral Poker Moves to iPoker Network, TLC88.com to Utilize Bodog Poker
Gala Coral, one of the UK’s largest gaming operators, announced plans to move over to the popular iPoker Network following word that it’s previous network, Ongame, will no longer service the European market.
Incentive points offered by Coral Poker will still be honored as part of the move to the world’s second largest poker network.
Sportingbet Rejects Second William Hill Bid
A second bid made by the United Kingdom’s largest bookmaker, William Hill, to acquire Sportingbet has been rejected as a deadline looms this week.
City A.M. reported that William Hill and its partner, GVC Holdings, had made an informal bid last week at over 55p a share, an improvement over the previous 52.5p per share offer rejected by Sportingbet last month.
“They are holding out for an increased offer, they have made some headway but it’s not enough,” one person close to discussions between the companies told City A.M.
PokerStars Patent for Rush Poker May Force Out Competitors
Full Tilt Poker owned the patent for a high speed online poker variant it branded as Rush Poker. Following the shutdown of Full Tilt poker last year, a handful of other networks decided to launch their own version of the platform, one that moves players quickly from table to table upon folding a hand rather than wait for that hand to finish.
FTP looked like toast earlier this year, emboldening the competition, including the world’s largest real money online poker firm, PokerStars, to jump into the speed poker race without much concern over patent infringements.
Calling Their Bluff: Enet Won’t Honor Bluff Gaming Accounts for Now
Poker players owed monies from defunct Bluff Gaming are growing increasingly frustrated after Enet Poker pulled the plug on a deal to assume payouts, at least for the time being.
Paddy Power to Create 600 New Jobs in Dublin
Ireland’s biggest bookmaker, Paddy Power, is expanding and creating 600 new jobs along the way.
The posts are in areas such as e-commerce, technology, social media, research, risk management and online marketing, according to a report filed by rte.com Thursday.
The company currently employs over 2100 people and has added 190 new jobs already since the start of the year.
South Point Poker Gears Up for Real Money Gambling This Fall: Now Hiring
South Point Poker is hoping to become the first real money online poker site based in the United States to begin taking bets.
CardPlayer.com noted Wednesday that the company was actively seeking out software developers, graphic artists and customer service reps and supervisors via its website’s “Job Openings” section.
Atlantic City Gambling Revenue Dips
ATLANTIC CITY (Associated Press) — Revenue figures due to be released Wednesday afternoon will show how Atlantic City’s newest casino is faring six months since it opened.
The $2.4 billion Revel casino resort is off to a slow start, mired in 8th place out of the city’s 12 casinos in terms of money won from gamblers. But Revel insists its business model is less dependent on casino winnings than its competition and that it’s doing well in terms of non-gambling revenue.
FeltStars The Latest Online Poker Room to Bite The Dust
FeltStars has become the latest in a rash of poorly funded online poker rooms to shut down in recent weeks.
A message on the site read as follows:
Nevada Gambling Revenue Off 3 Percent in August
CHICAGO (MarketWatch) -- Gambling revenue in Nevada fell a bit more than 3% to $859.2 million in August, according to figures released Wednesday by the Nevada Gaming Control Board.
On the Las Vegas Strip, which accounts for more than half the statewide total, revenue slipped 1.2% to $490.9 million with the take from slot machines off 9% and table games up 7.6% on the back of solid baccarat volume.
Free Online Poker Thriving as Zynga Continues to Lose Ground
There was yet another blow Tuesday to the once powerful Zynga, home to what is still the largest free online poker site in the world.
Long time head of Zynga Poker, Laurence "Lo" Toney, became the 7th key executive in less than a month to announce his resignation from the company.
Man Who Brought Down World Sports Exchange to be Profiled on ‘American Greed’ (Video)
Sir Allen Stanford is the next reputed con artist to be featured on CNBC’s must watch series “American Greed”.
Episode 67: Allen Stanford: The Dark Knight will air Wednesday, October 10th 10p | 1a ET. Check your local listings for repeats.
PokerStars to Offer First Live Poker Room in London
The world’s largest “real money” online poker room has made an equity investment in London’s newly opened Hippodrome Casino.
As part of the deal, Stars will offer the Hippodrome its own online poker room at a future date. PokerStars will also refurbish and re-brand the poker deck at the Hippodrome, becoming home to a series of new tournaments.
Guy Templer, group strategy director for PokerStars, said, “The Hippodrome has dramatically raised the quality bar for the UK casino industry.
Zynga Poker Loses Long Time GM
A seventh executive has left Zynga over the last month alone. This time it is Laurence Toney, General Manager of Zynga Poker.
"My departure is less about Zynga and more about the vast number of opportunities that currently exist in the Valley," Toney said of his departure to Mashable. "I have been approached by several organizations to lead teams and companies that I find exciting and compelling. It is the right time for me in my career to move on."
Full Tilt Poker Confirms Isle of Man License
The Isle of Man, perhaps the single most respected Internet gambling licensing jurisdiction on the planet, has officially landed Full Tilt Poker, now acquired by another Manx operator, PokerStars.com.
Full Tilt Poker is slated to reopen November 6, 2012.
Gambling Deal Lifts Stock of Online Game Maker Glu
NEW YORK (Associated Press) — Shares of Glu Mobile Inc. got a boost Monday after the mobile game developer said it signed a gambling deal with Probability PLC.
THE SPARK: Glu said U.K.-based Probability will use existing Glu games to create mobile slot games under the Glu brand. The games will be distributed in Probability's regulated markets, first in the U.K. and Italy.
Poker Pro Vadim Trincher Sues Trump Tower Over ‘Rampant Mold’
A professional poker player, Vadim Trincher, is suing Trump Tower for a “rampant mold” problem in his 63rd-floor condo he claims ruined some custom-made furniture and made his wife sick.
Trincher and his wife blame the damages on renovations carried out in the duplex above, which was once owned by Bruce Willis and Demi Moore, according to the Daily Mail.
From The Daily Mail:
Zynga Stocks Continue to Slide: World’s Largest Free Poker Site in Danger
Shares in Zynga, home to the world’s largest free play online poker site, continued to slide on Friday as the company slashed its guidance.
Shares of Zynga fell a whopping 17 percent Friday following news of a weak demand for its web-based games, including the once uber popular FarmVille.
Boyd Gaming and Station Casinos Approved for Internet Poker in Nevada
The Nevada Gaming Board has temporarily approved applications filed by Boyd Gaming and Station Casinos to operate online poker rooms within the Silver State.
The Nevada Gaming Commission will take up the matter Oct. 18 to determine final long-term approval.
Bodog Shuts Down Poker Room for UK, Euro Players
Bodog Poker announced Wednesday night it will no longer be servicing players in the United Kingdom and throughout Europe. Earlier this summer the company closed off accounts of those living in much of Eastern Europe.
Bodog claims it is focusing on the ex-pat market throughout Asia.
This was a notice sent out to affiliate partners of the site:
Dear Partners,
Macau September Gambling Revenue Disappoints
Farah Master, Reuters News
(Reuters) - Gambling revenue in Macau rose a weaker-than-expected 12.3 percent in September, indicating China's slowing economy is increasingly hurting the appetite of wealthy mainland gamblers to place bets in the world's largest casino market.
September's revenue at 23.87 billion patacas, announced by the Macau government on Thursday, was the second weakest revenue figure this year.
Revolution Gaming Nabs CarbBet.com Poker
With IGT/Entraction getting out of the online poker sector, numerous skins (cardrooms) have had to find new homes. It was announce this week that Cardbet.com Poker would be moving to the newly formed Revolution Gaming Network on November 1.
Cardbet owns four whitelabel skins: SuomiVegas.com, Metspoker.com, M8poker.com and Pro-factory.com.
Revolution Gaming is the largest US-friendly online poker network though Cardbet.com does not currently accept US players and has no plans to do so at the moment.
‘Great Dane’ Gus Hansen to Serve as Face of New Full Tilt Poker
FullTiltPoker.com today announced that international poker star and tournament legend Gus Hansen will return as brand ambassador for the site, which plans to re-open for real-money poker on November 6, 2012.
In August, PokerStars obtained the assets of Full Tilt Poker and committed to reimburse Full Tilt Poker customers outside the U.S. whose accounts have been inaccessible since the previous management closed the site in June 2011.
NFL About-Face on Gambling as Redskins Push Maryland Residents to Support Casino
The National Football League may hate gambling but that hasn’t stopped one of its storied franchises, the Washington Redskins, from throwing their support behind a controversial casino expansion in their home state of Maryland.
Yeah it’s true.
Online Gambling Regulation in US Unlikely by Year’s End
LAS VEGAS (Associated Press) - It doesn't look like Congress will pass Internet gambling regulatory laws this year, the head of the industry's main lobbying group said Tuesday, as he cast online wagering hosted by sites overseas as one of the biggest threats to the casino industry in the United States.
PaySafe Card Official Sponsor of European Poker Tour Season 9
LONDON, UK – The leading internet prepaid payment solution, paysafecard, will be the official payment provider sponsor of the European Poker Tour Season 9, EPT President Edgar Stuchly announced today.
The sponsorship will see paysafecard branding in and around the tournament area at events during Season 9 starting at EPT Sanremo, and players who use paysafecard to make a deposit into their PokerStars account will be eligible to play in a series of exclusive EPT- themed freerolls.
WMS Launches Play4FunNetwork Online Gambling Platform
WAUKEGAN, Ill.—(Business Wire) – WMS Industries Inc. announced today that its subsidiary, Williams Interactive LLC, recently launched a first-of-its-kind, white-labeled B2B suite of interactive products and services through the Williams Interactive™Play4Fun Network platform with the Meskwaki Bingo Casino in Tama, Iowa.
