Gambling Companies

Gambling Companies, Gambling Stocks

Amaya Gaming Reportedly Looking to Acquire Ongame from Bwin.Party

eGaming Review Magazine was reporting that Canadian online gambling software provider Amaya Gaming was about to announce the acquisition of Bwin.party’s poker network Ongame.

Specific details of the arrangement have yet to be announced.

Bwin.party, the world’s largest real money online gambling firm, has been looking to unload Ongame for some time.

Submitted by Aaron Goldstein on, Sep/18/2012

Maine Oxford Casino Expansion Under Consideration

AUGUSTA, Maine (Associated Press) — Final approval of an expanded gambling area at Maine’s newest casino is being considered by the state Gambling Control Board.

At its regular meeting Tuesday, the board will consider approving an expansion to the Oxford Casino, which opened in June in the western Maine town of Oxford.

The casino now has 529 slot machines and 12 table games including blackjack, craps and roulette.

It’s hoping to add 10 more table games and hundreds more slot machines in October.

Submitted by Guest on, Sep/18/2012

Feds Dispute Cardroom International’s Rights to Full Tilt Poker Software

The US Government has filed a response to Cardroom International’s assertion that it has rights to control Full Tilt Poker’s software.  Full Tilt Poker, which was acquired by PokerStars this summer, is set to come back online the first week in October. 

Cardroom had previously filed a Civil Racketeering Influenced and Corruption Organization Act (RICO) suit alleging wrongdoing by Full Tilt Poker and PokerStars last month. 

Submitted by Aaron Goldstein on, Sep/17/2012

Snow Job: ‘New’ Owners of Defunct Online Poker Room Purple Lounge Speak Out for First Time

The “new” management of Media Corporation, parent company of the now defunct online poker site Purple Lounge, have spoken out for the first time about the long established Web card room’s closure.

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In an interview with InfoPowa, Management admitted that the handling of Purple Lounge’s closure has not been particular smooth. 

Submitted by Jagajeet Chiba on, Sep/17/2012

Pamela Anderson Wants to Challenge for Top Tier Spot in Online Poker Market with BamPoker

Actress and activist Pamela Anderson is the face behind BamPoker, a social gaming company looking to secure the number two spot in the online poker market by next year.

“We are looking to build a community,” noted Elton Pereira, Co-founder and CEO of BamPoker. 

Zynga, the world’s number one free-to-play online poker social gaming site may be talking “real money” gambling now, Bam is happy with the “free play” model for the time being.

Submitted by C Costigan on, Sep/16/2012

Bookies Make a Killing on Week 3 of College Football

Sure Alabama dismantled Arkansas as the most wagered on side of the week, but the bookies won just about every important game aside from this one during Week 3.  Bet on the NFL and College Football online at Bookmaker.eu here and receive up to $2500 in FREE CASH (restrictions apply) - Mobile and iPad compatible.

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Submitted by Ean Lamb on, Sep/16/2012

Asian Gambling Boom Targets Filthy Rich

(Associated Press) - In the Philippines, a $4 billion casino will soon rise from reclaimed land on Manila Bay. In South Korea, foreign investors are expected to break ground next year on a clutch of casino resorts offshore. And on the eastern edge of Russia, authorities plan a resort zone aimed at drawing Chinese high-rollers.

Submitted by Guest on, Sep/16/2012

New Jersey Ok’s Plan for Mohegan Sun to Run Resorts Casino in Atlantic City

Absent from the Atlantic City casino market for more than 30 years, Native American tribes have recently turned a close eye on the seaside gambling resort, with two tribes taking very different paths.

On Friday, New Jersey regulators gave approval to the Mohegan Tribal Gaming Authority to run the day-to-day affairs of Resorts Casino Hotel and to buy 10 percent of the company. The decision came just two days after the Seminole Indians scrapped a plan to build a new "boutique" casino, citing the poor economy and cutthroat competition from gambling halls in neighboring states.

Submitted by Guest on, Sep/15/2012

UBS Rogue Trader Labeled as ‘Naked Gambler’

(Reuters) - Former UBS trader Kweku Adoboli put the Swiss bank's survival at risk through naked gambling that risked up to $12 billion, cooking the books and lying to his bosses until his "pyramid of fraud" collapsed, a British court heard on Friday.

Adoboli, 32, is on trial by jury in London accused of fraud and false accounting that in the end cost UBS $2.3 billion. He has pleaded not guilty.

Submitted by Guest on, Sep/14/2012

Phil Hellmuth Auctions Off Prize - Himself

Poker pro Phil "Poker Brat" Hellmuth Jr. recently held an auction to auction off a very valuable prize.

The prize was--Phil Hellmuth!

Yes, in what could be a new low in egomaniacal behavior by a poker player, even a self-styled publicity-seeking "brat," Hellmuth has auctioned off himself!

And what value does the "Poker Brat" assess to a night of his company?

How does $25,000 strike you?

All can be forgiven in this case, however, because Hellmuth did it for charity.

So what was the prize exactly?

Submitted by Thomas Somach on, Sep/14/2012

Poker Pro David Benyamine Now on Board with International Stadiums Poker Tour

The Groupe Bernard Tapie funded International Stadiums Poker Tour has brought on yet another powerful spokesperson in the form of David Benyamine. 

The event, slated to begin next May, is forecast to bring in some 30,000 players from around the globe who will play from the stands online.  The field will then dwindle down to a specified number who will play live.  To date, only 3337 players have registered, a mere fraction of the 30,000 goal.

Submitted by Nagesh Rath on, Sep/14/2012

Full Tilt Poker Set to Re-Launch November 6

Full Tilt Poker has begun verifying the authenticity of customer accounts as it prepares for a re-launch on November 6.

Submitted by Nagesh Rath on, Sep/13/2012

Nevada Video Game Company 3G Studios Becomes First to Enter Online Gambling Market

Video game developer 3G Studios filed with the Nevada Gaming Control Board for multiple Online Service Provider’s licenses, making them the first video game company to move into the U.S. online gambling market. With this move, 3G Studios will be the first video game company to be approved for real-money gambling in the U.S.

Submitted by Guest on, Sep/13/2012

Poker Pro Nancy Todd Gets Second Shot at Taking Control of Casinos in Arkansas

LITTLE ROCK — (Associated Press) - An attorney for a woman seeking exclusive rights to operate casinos in Arkansas says the state has turned the initiative process into an “obstacle course” by rejecting her proposed ballot measure.

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Submitted by Guest on, Sep/13/2012

Atlantic City Sees Rare ‘Up’ Month for Revenues in August

ATLANTIC CITY, N.J. (Associated Press) — Free from having to deal with hurricanes this year, Atlantic City's casinos saw their revenues increase by 12.6 percent in August — a rare "up" month for a resort still reeling from competition all around it.

The city's casinos took in nearly $314 million from gamblers in August, marking just the second monthly increase in four years.

Submitted by Guest on, Sep/13/2012

Columbus Hollywood Casino Operator’s License Approval Anticipated

COLUMBUS, Ohio – (Associated Press) - The Ohio Casino Commission is expected to approve the operator's license for the new casino opening next month in Columbus.
 


Submitted by Guest on, Sep/13/2012

Hard Rock Scraps Atlantic City Plans

ATLANTIC CITY, N.J. (Associated Press) — A group has scrapped a plan to build a smaller "boutique" casino that would have been run by the Seminole Indians through their Hard Rock franchise on the Atlantic City Boardwalk.

AC Gateway LLC tells The Associated Press it is not proceeding with a casino-hotel that could have included a musical history museum with items from when the Beatles and Rolling Stones separately played Atlantic City.

Submitted by Guest on, Sep/12/2012

Greece to Privatize Prized Gambling Monopoly as Means to Appease Lenders

(Reuters) – Greece outlined a plan to sell one of its most profitable state-controlled companies, gambling monopoly OPAP, reviving a stalled privatisation drive to appease international lenders.

Inspectors from the troika of European Commission, European Central Bank and International Monetary Fund lenders are in Athens on a crucial visit that will determine whether the country gets further aid under its latest bailout programme.

Submitted by Guest on, Sep/12/2012

Penn National Ponies Up Another $4 Million to Try and Stop Baltimore Casino

Penn National has added another $4 million to the $5.5 million already donated to try and prevent the construction of a Baltimore casino.  Voters will have the opportunity to make the final decision come Election Day and Penn is determined to try and discourage residents from backing such a plan. 

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Submitted by Aaron Goldstein on, Sep/12/2012

What The US Government Alleges Howard Lederer Did With The Full Tilt Poker Player Funds

Distributions to Full Tilt Owners, Including the FTP Insiders 124: Rather than protect player funds as promised, Full Tilt Poker distributed hundreds of millions of dollars to its owners. Beginning in April 2007 and continuing through April 2011, Tiltware LLC’s Board of Directors, to wit, the FTP Insider Defendants, authorized the distribution of approximately $443,860,530 to the owners of Tiltware LLC, including themselves, further promoting and facilitating the ongoing illegal operation of Full Tilt Poker during this time period.

Submitted by Guest on, Sep/12/2012

IGT, Entraction Scales Back on Internet Poker: Skins Left Homeless

Citing diminished returns, International Gaming Technologies (IGT), has opted to scale back on its Web poker business.  Those online card rooms operating on the network were informed of this decision earlier in the week. 

Submitted by Aaron Goldstein on, Sep/12/2012

Camasino Poker Club: Online Gambling Site to Open Land-Based Casino Outside Montreal

Camasino has made a deal with the owner of a poker club located in Kahnawake to change its name from Snakes Poker Club to “Camasino Poker Club”.  Camasino will hold major Canadian events at the location along with entertainment and other services giving the clients a Vegas feel!

Submitted by Guest on, Sep/11/2012

Nevada Online Poker Applicant to Sell Lottery Tickets to Zynga

Scientific Games has announced a partnership with the world’s largest “free play” online poker venture, Zynga, whereby it will sell lottery tickets to the popular social gaming firm’s 320 million monthly customers, including poker players

Steven M. Saferin, President of the company’s properties group and chief creative officer, stated during the World Lottery Summit in Montreal last week that  “Zynga players could win instant tickets for cash or virtual goods.”

Submitted by Aaron Goldstein on, Sep/11/2012

Coconut Creek May Become Casino Destination with Mammoth Entertainment Center Planned

The Seminole Tribe of South Florida are looking to develop a mammoth hotel, casino and entertainment complex in Coconut Creek.

The establishment would feature 20 stories, 1000 rooms and an expanded 2500-seat movie theatre and casino. 

Still, the idea could be just a pipe dream as no firm date has been set as to when such a project might begin development. 

Submitted by Aaron Goldstein on, Sep/11/2012

Andy Murray Helps Betfair Smash Record After Slow Football Start

Betfair, the world’s largest betting exchange, revealed on Tuesday that the Wimbledon final was its biggest ever market following reports that the company has gotten off to a slow start with Premier League wagering. 

Betfair.com reports that more than £58 million of bets were taken on the July tennis match in which Murray lost to Roger Federer but ultimately went on to secure his first ever Grand Slam title in New York. 

Submitted by Aaron Goldstein on, Sep/11/2012

Skybook.com Owner Sentenced to 2.5 Years in Prison

A St. Charles, Louisiana man, Anthony Buttitta, 43, has been sentenced to 2.5 years behind bars for tax evasion.  He and his father, Dominic Buttitta, 69, of South Barrington, plead to two felony counts filed against them in U.S. District Court and were sentenced Friday by U.S. District Judge Milton Shadur.

Submitted by Gilbert Horowitz on, Sep/10/2012

Zynga Looks at Mobile Gambling and Online Gambling to Diversify

(NASDAQ) - Zynga ( ZNGA ) is expanding into mobile gaming and is looking to enter into real money online gambling. It recently tied up with Nokia to add Draw Something and Zynga Poker to Nokia feature phones such as Nokia Asha Touch and the Nokia Series 40 range. The games will feature in the phones released in Q3 and will cover nearly 100 million users. Zynga game apps are already available for smartphones and the company plans to expand into feature phones to increase its user base and target emerging economies.

Submitted by Guest on, Sep/10/2012

Partouche Poker Tour Blames ‘External Media’ for Prize ‘Confusion’ but Will Honor €5 million

The Partouche Poker Tour has decided to honor its initial €5 million guarantee after quietly cutting the guarantee down by €750,000

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Submitted by Ace King on, Sep/10/2012

Everest Poker Moves to iPoker Network

Everest Poker and its Bet-Click brand have confirmed a move to the world’s number two most trafficked online poker network, iPoker, after weeks of speculation.

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Submitted by Aaron Goldstein on, Sep/10/2012

Poker Room at Gulfstream Casino Now Open Following Fish Tank Fiasco

The poker room at Gulfstream Park Racing & Casino in South Florida has finally reopened after a ruptured 13,000 gallon fish tank caused extensive damage to the facilities last Sunday.

 

New carpeting, walls, artwork and furniture have been installed since the flooding occurred, according to Mike Couch, Gulfstream's Director of Gaming.

"It's unfortunate we had to close five days, but we're very grateful to our guests for their patience and understanding," Couch said in a Saturday release.

Submitted by Gilbert Horowitz on, Sep/08/2012

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