Gambling Companies

Gambling Companies, Gambling Stocks

Nevada Regulators Investigating Sheldon Adelson’s Sands Corp re Bribery Charges

Nevada gaming regulators are reportedly looking into whether Sheldon Adelson’s Las Vegas Sands Corp broke stringent bribery laws through its dealings in the Asian gambling Mecca of Macau. 

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Submitted by Aaron Goldstein on, Aug/13/2012

Former Full Tilt Poker Patsy Michele Clayborne Says She’s No ‘Sybil’

One time lackey for Full Tilt Poker, Michele Clayborne, insists she never posted on public message boards as a man in an effort to cover up the mess transpiring at her former employer. 

Immediately following the indictments of Full Tilt Poker executives on April 15, 2012, an individual using the handle “FTPDoug” took to the posting forums insisting all was well at FTP.

All was not okay at Full Tilt Poker, however, and “FTPDoug” was immediately called out as Ms. Clayborne by some. 

Submitted by Jagajeet Chiba on, Aug/12/2012

PartyPoker Launches FastForward Fast Fold Poker Game Platform

PartyPoker, the world’s third largest online poker room, is the latest to offer its very own fast fold poker game, FastForward.

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FastForward follows in the footsteps of PokerStars Zoom and iPoker’s Speed Hold’em. 

Submitted by Nagesh Rath on, Aug/10/2012

Maryland Senate Gives Preliminary OK to Gambling Bill

 

Brian White, Associated Press

The Maryland Senate gave preliminary approval to expanding gambling to allow table games like blackjack and a new casino near the nation's capital.

The Senate, which took a recess on Friday until 6 p.m., planned to take a vote in the evening.

Senators spent much of the afternoon rejecting amendments, including one that would have lifted a provision in the bill to ban political contributions from casino owners.

Submitted by Guest on, Aug/10/2012

PokerStrategy Sues Full Tilt Poker, Pocket Kings for $1.2 Million

eGaming Review Magazine this week revealed that the online poker portal, PokerStrategy.com, has sued Full Tilt Poker for $1.2 million claiming unpaid ad revenue. 

PocketFives.com writes:  

Submitted by Aaron Goldstein on, Aug/10/2012

MGM Posts 2nd Quarter Loss, but Revenue Surges 29 Percent

(Associated Press) - MGM Resorts International on Tuesday posted a second-quarter loss double what Wall Street was expecting, but revenue surged 29 percent on gambling and hotel room gains.

Shares rose 12 cents to $9.38 as the market opened.

The Las Vegas company, which runs the MGM Grand, Bellagio, Mandalay Bay and other properties, lost $145.5 million, or 30 cents per share, compared with a year-ago profit of $3.44 billion, or $6.22 per share.

Submitted by Guest on, Aug/10/2012

Foxwoods CEO Sees Business Shift

HARTFORD, Conn. (Associated Press) — Increased gambling competition is forcing the largest casino in the Western Hemisphere to shift its business to include more non-gambling enterprises such as retail and conferences, the chief executive of Foxwoods Resort Casino said Thursday.

Scott Butera, CEO of the Indian-run casino, said in an interview with The Associated Press that Foxwoods anticipated the success of New York's Aqueduct Racetrack "racino."

"We planned for the effects of Aqueduct," Butera said.

Submitted by Guest on, Aug/09/2012

Record $1.13 Billion Bet at Aqueduct Racetrack in July

(Associated Press) - More than a billion dollars bet by nearly a million customers last month is the latest evidence that the “racino” at Aqueduct Racetrack in New York City is capitalizing on its prime location and drawing dollars and gamblers from neighboring states’ casinos.

Submitted by Guest on, Aug/09/2012

Absolute Poker Liquidation Confirmed by Kahnawake

Claims of ownership interest in Absolute Poker parent company Blanca need to be settled prior to the distribution of liquidated assets, PokerFuse.com was reporting on Wednesday

Submitted by Patrick Flanigan on, Aug/08/2012

Moody’s Investment Service Backs Mohegan Sun Purchase of Resorts Casino Hotel

HARTFORD, Conn. – (Associated Press) - A ratings agency says the deal in which Connecticut-based Mohegan Sun casino operators will manage Resorts Casino Hotel in Atlantic City could boost the Mohegan tribal authority's management venture.

Moody's Investors Service said Wednesday that to the extent the Mohegan Tribal Gaming Authority can improve the performance at Resorts and develop a successful track record in Atlantic City's challenging market, the deal could result in more management contract opportunities.

Submitted by Guest on, Aug/08/2012

South Point Casino Receives Tentative Approval for ‘Real Money’ Internet Poker

LAS VEGAS (Associated Press) - Nevada state gambling regulators have given tentative approval for a casino's plan to operate an Internet poker website accessible only within Nevada boundaries.

The state Gaming Control Board in Carson City gave conditional approval Wednesday for the South Point casino to conduct interactive gambling.

The Las Vegas Review-Journal reports that if the Nevada Gaming Commission gives the OK on Aug. 23, the casino owned by Michael Gaughan would be the first licensed for interactive gambling.

Submitted by Guest on, Aug/08/2012

Mobile Gambling Comes to Atlantic City

TRENTON — (Associated Press) - Adults who patronize Atlantic City’s casinos will soon be able to gamble at the pool, in their hotel rooms or while waiting in line at the buffet.

Gov. Chris Christie has signed legislation increasing gambling options to include handheld devices.

Mobile gambling will be restricted to the casino property.

Submitted by Guest on, Aug/08/2012

Mohegan Sun Takes Over Atlantic City Resorts Casino Hotel

ATLANTIC CITY, N.J. — (Associated Press) - The tribe that owns the Mohegan Sun casino extended its reach in the East on Tuesday by taking over operations of Atlantic City’s oldest casino, planting itself in the region’s gambling mecca as an alternative to luring tourists to its slot machines and poker tables in eastern Connecticut.

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Submitted by Guest on, Aug/08/2012

Facebook Friendzy ‘Real Money’ Online Gambling Appears to Target Little Ones

With the “real money” online gambling launch of Bingo & Slots Friendzy on Facebook in Great Britain Tuesday, courtesy of provider Gamesys, mums across the nation have begun condemning the deal.

Indeed, the new app appears to have the look and feel of a child’s game.

"If my child came and asked me for money to play on this, I'd be livid," one mother  said, speaking with TechEye.com. "But then I couldn't blame him, it looks like a very simple child's game." 

Submitted by Jagajeet Chiba on, Aug/08/2012

Zokay Entertainment Acquires Global Poker Index

Zokay Entertainment announced today that it has acquired the Global Poker Index (GPI) from Pinnacle Entertainment. The GPI is a patent pending system that ranks the weekly performance of the world’s top 300 live tournament poker players. Since its launch in June of 2011, the entire poker community has embraced the GPI and considers it to be the most respected and well recognized independent ranking system for live tournament poker players worldwide

Submitted by Guest on, Aug/08/2012

Real Money Online Gambling Doesn’t Help Facebook as Shares Continue Skid

Facebook Inc. extended its decline through Tuesday (August 7, 2012) with the stock falling 5.5 percent to $20.72 at the closing bell in New York, this despite news that the company would begin offering real money online gambling in the United Kingdom.

The social media giant, which went public in May, is now down 45 percent after peaking at $38 per share. 

Submitted by Aaron Goldstein on, Aug/07/2012

Americas Cardroom Introduces CAP Tables: Limits How Much Players in Hand Can Bet

The online poker site that's famous for listening to its player base and making enhancements that make its software more attractive has done it again. Americas Cardroom has introduced CAP tables as part of their latest software release. The tables will be available in low-stakes tables to start.

Submitted by Guest on, Aug/07/2012

Naughty Poker a ‘Tasteful and Classy’ Kind of Online Strip Poker Game Claims Founder

"It is naughty, but it's a tasteful and classy kind of naughtiness combined with fast-paced game play that makes Naughty Poker a thrilling experience beyond any other online strip poker," says David Shiller, a Toronto-based software engineer who developed the new online strip poker site aptly titled “Naughty Poker”.

Sure there is some degree of skill we suppose. 

Here's how the game works:

Submitted by Aaron Goldstein on, Aug/07/2012

MGM 2nd Quarter Loss Double What Wall Street Expected

NEW YORK — (Associated Press) - MGM Resorts International on Tuesday posted a second-quarter loss double what Wall Street was expecting, but revenue surged 29 percent on gambling and hotel room gains.

Shares rose 12 cents to $9.38 as the market opened.

The Las Vegas company, which runs the MGM Grand, Bellagio, Mandalay Bay and other properties, lost $145.5 million, or 30 cents per share, compared with a year-ago profit of $3.44 billion, or $6.22 per share.

Submitted by Aaron Goldstein on, Aug/07/2012

Amazon Enters Social Gaming Fray

Amazon.com is the latest company to enter the social gaming sector, though no word yet as to whether the online retailer will introduce poker.

For now, Amazon plans to kick off its social gaming with a product line called “Amazon Game Studios” while introducing a Facebook game titled “Living Classics”.

A company statement was released late Monday.

Submitted by Aaron Goldstein on, Aug/07/2012

Facebook Launches Real Money Online Gambling in UK with Bingo Friendzy App

Breaking News 5:45 am EDT:  Facebook announced this morning that it will begin to offer real money online gambling to UK residents 18 years and up beginning today, August 7, 2012, via a new Bingo Friendzy
app in conjunction with Gamesys, one of the UK’s largest online gambling operators.

“Gambling is very popular and well regulated in the UK . . . for millions of bingo users it’s already a social experience [so] it makes sense [for us] to offer that as well,” said Julien Codorniou, Facebook’s head of gaming for Europe, Middle East and Africa.

Submitted by C Costigan on, Aug/07/2012

Betting the NFL on a Tablet Now Possible as Bookmaker Unveils New Website for iPad Users

Bookmaker has unveiled its new tablet website just in time for the 2012 NFL betting season. 

A tablet computer is a mobile device larger than a phone, the most popular of which is the Apple iPad.

Submitted by Mary Montgomery on, Aug/06/2012

Atlantic City Resorts Casino Hotel to be Operated by Mohegan Sun

(Associated Press) - The owners of Resorts Casino Hotel, Atlantic City's first casino, are poised to hand over management to the Indian tribe that operates the Mohegan Sun casinos in Connecticut and Pennsylvania, according to a published report.

Cake Games

Submitted by Guest on, Aug/06/2012

Time Warner Buys Bleacher Report

The popular sports content website Bleacher Report has been purchased by Time Warning Inc. for just under $200 million.  The Federal Trade Commission approved this deal last week. 

Time Warner’s Turner Broadcasting is looking to bolster its online sports exposure along with ad revenue.

Turner had managed ad sales for sister company Time Inc.’s Sports Illustrated but that deal ended last year. 

Submitted by Aaron Goldstein on, Aug/06/2012

MGM Resorts Expected to Report 2nd Quarter 2012 Loss

NEW YORK – (Associated Press) - MGM Resorts International is expected to report a quarterly loss on charges related to the dwindling value of some casinos when it releases second-quarter results before the market opens Wednesday.

WHAT TO WATCH FOR: How it's dealing with Americans falling desire to spend. The casino and resort operator, in which billionaire investor Kirk Kerkorian holds a major stake, has extensive operations in both Las Vegas, where it's based, and the Asian gambling mecca of Macau.

Submitted by Guest on, Aug/06/2012

William Hill Appeals Horse Race Betting Levy

William Hill, the largest bookmaker in the United Kingdom, announced on Monday (August 6, 2012) it was appealing a case in the Court of Appeal that exempts customers of betting exchanges from being liable for paying a horse racing levy. 

Hill has specifically cited rival betting exchange Betfair in regard to the exemption. 

Submitted by Aaron Goldstein on, Aug/06/2012

Bodog Poker Exits Eastern European, Portions of Asian Market

Bodog Poker this weekend announced it was exiting the emerging online poker market of Eastern Europe and portions of Asia. 

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Submitted by Aaron Goldstein on, Aug/06/2012

More Headaches for Zynga as EA Lawsuit Claims Farmville Game Violates Copyright

NEW YORK — (Associated Press) - Electronic Arts Inc. has sued online game maker Zynga saying that its new game “The Ville” infringes its own game, “The Sims Social.”

EA said Friday that “The Ville” is “unmistakable” in its similarity to “The Sims Social,” which launched more than a year earlier. EA says the games are “largely indistinguishable” to a casual observer.

Submitted by Guest on, Aug/04/2012

86 Percent of Respondents Would Play ‘Real Money’ Online Poker if Legal in US

A survey conducted by GoldenNuggetPoker.com revealed that 86 percent of its customer base would play online poker for “real money” should the activity become legal in the US.

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GoldenNuggetPoker.com currently offers a “free-to-play” platform only.

Submitted by Ace King on, Aug/03/2012

PokerStars Settlement Great for Everyone Except Bwin.party Investors

While nearly everyone in the poker community seemed elated by news of a settlement between the US Government and PokerStars paving the way for that company to some day re-enter the US market, executives and shareholders at one betting firm may have been cursing out all those involved. 

Bwin.party it seems has taken quite a hit by the news in recent days.  The company has witnessed a 10 percent decline in its share price over the past three days. 

Submitted by Aaron Goldstein on, Aug/03/2012

Breaking News

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