Gambling Companies
Gambling Companies, Gambling Stocks
Texas Online Poker Payment Processor Agrees to Forfeit $6m
A Texas-based online poker payment processor indicted April 15, 2011 has agreed to forfeit $5 million.
LST Financial of San Antonio and managing director Gregory Colton also promised "not to knowingly provide, either directly or indirectly, payment processing services for Internet gambling, including Internet poker”.
The company claims it was duped into processing the payments by three online poker rooms that were also charged at the time, including PokerStars, Full Tilt Poker and UB.com.
PokerStars Full Tilt Poker Deal Still On Despite Rumors to the Contrary
PokerStars Head of Corporate Communications, Andrew Feldman, shot down rumors Wednesday that the company had backed out of a deal to purchase the assets of shuttered Full Tilt Poker. Stars was widely expected to pay back monies owed to players of the one time second largest online poker company in the world.
This tweet appeared late Wednesday:
Andrew Feldman @AFeldmanESPN
The Head of Corp Communications for @PokerStars @erichollreiser says the Twitter rumors of PS folding on the FTP deal is "false"
Liquidator Appointed for Purple Lounge Online Poker Room, Casino
The parent company of shuttered online poker and casino site Purple Lounge has appointed a liquidator, the UK firm of Chartered Accountants, Baker Tilly Restructuring and Recovery LLP. A creditors meeting will be held July 23.
Facebook Introduces New Game ‘Hotel Casino’
There has been much discussion this week over Facebook apps like Zynga’s Farmville and Texas Hold’em Poker offering real money play down the road. Add Hotel Casino to that list as it seems custom made for such a platform.
Hotel Casino is Facebook’s newest game, described as “allowing players to manage their own hotel casino, and play each other at their favorite casino games for simulated bets and rewards”.
Revel Ranks 8th of 12 Atlantic City Casinos 3rd Month in a Row
By Wayne Parry on July 10, 2012
ATLANTIC CITY, N.J. (AP) — Three 8s is a lousy poker hand, and it's an equally inauspicious way to launch a casino.
Yet that's exactly what Revel has to show for itself after three months of operation, ranking 8th out of Atlantic City's 12 casinos in terms of gambling revenue in each of those months.
New Jersey's newest casino took in $14.9 million in June, up $1 million since May, when it took in $13.9 million. In April, its first month of operation, it won $13.4 million.
Gambling Company News and Tweets – July 10, 2012 (3 pm EST)
Here is all the latest Twitter chatter related to the gambling sector – poker, sports betting, financials, entertainment, politics and more. Be sure to follow Gambling911.com on TWITTER here to get all the latest updated gambling news as it happens.
Top Current Company News: Bwin Euro 2012 results, Betable.com, Zynga
Euro 2012 Marred Results at Bwin.Party
(Reuters) - Bwin.Party Digital Entertainment (BPTY.L), the world's largest listed online gaming group, said a run of predictable results in the Euro 2012 championship marred a solid performance in its casino and bingo operations in the second quarter.
The company said its trading performance since the beginning of April was broadly in line with expectations, with solid performances in bingo and casino being offset by continued pressures in poker.
Darvin Moon Blasts Epic Poker Head Jeffrey Pollack: He’s a Douchbag
2009 World Series of Poker Main Event runner up Darvin Moon has lashed out at former Epic Poker Chairman Jeffrey Pollack, accusing him of “f***ing up “ the Heartland Poker Tour, one of Epic’s only successful assets.
So Just Who Are The 5 Supporting Ray Bitar: Poker Boss Backers Should be Exposed
It came to light Monday night that Full Tilt Poker disgraced CEO Raymond Bitar was released after posting $2 million in cash and property to secure his $2.5 million bond. This included a warehouse owned by the one-time Internet poker kingpin.
None of this was entirely surprising. Immediately following his arrest at New York’s JFK Airport last week, a judge had indicated Bitar would be allowed out on bail.
Full Tilt Poker CEO Ray Bitar Released From Prison
The disgraced CEO of shuttered online poker company Full Tilt Poker has been released from prison after surrendering to law enforcement in the US last week.
Raymond Bitar was freed on $2.5 million bond only after agreeing to post $2 million in property to ensure he returns to U.S. District Court in Manhattan when prompted to do so.
Betable Wants to Revolutionize Online Gambling Industry, Bring Real Money to Social Gaming
Betable introduced the world's first real-money gaming platform and announced its private beta developer program on Monday with Founder and CEO Christopher Griffin slated to appear on a panel Tuesday (July 10) at VentureBeat's GamesBeat 2012 titled "Social Casino Games" at 2:30 p.m. PST. (read more on the Betable blog here)
Betable Brings ‘Real Money’ Betting to Social Gaming: Farmville for Real Cash
A startup company is promising to bring the thrill of winning real money to the social gaming realm. Betable, a London-headquartered company that is working in California with US game developers, will offer money bets on just about any online game.
Camasino opens real money live poker play online using webcams. The ultimate social gaming experince. Available to US players for FREE PLAY only at this time.
Full Tilt Poker Disgraced CEO Raymond Bitar Must Remain in Prison
Following his arrest this past week, Full Tilt Poker’s CEO Raymond Bitar was unable to make the bail term requirement of $2.4 million.
Over the weekend, things suddenly changed. It now appears as if Bitar will remain in prison for the foreseeable future. The $2.4 million bail deal will no longer be in effect.
Macau's Melco in $1B Philippine Casino Project
HONG KONG (AP) — Macau gambling company Melco Crown Entertainment is teaming up with the Philippines' richest man to develop a $1 billion casino resort in Manila in a sign of the industry's plans for rapid expansion in Asia.
Melco said late Thursday that it would develop the project with three companies controlled by Philippine tycoon Henry Sy. Melco is jointly controlled by Lawrence Ho, who is the son of Macau casino king Stanley Ho, and James Packer, the son of late Australian media magnate Kerry Packer.
5050 Poker Players to Just Get 15 Percent Back, If That
Following the abrupt closure of 5050Poker last month, the shuttered online poker company has revealed that affected customers will only be entitled to 15 percent of their funds back, and they’ll be lucky to even get that.
A statement from the company read:
Gambling Company News and Tweets – July 5, 2012 (Overnight/Morning Edition)
Here is all the latest Twitter chatter related to the gambling sector – poker, sports betting, financials, entertainment, politics and more. Be sure to follow Gambling911.com on TWITTER here to get all the latest updated gambling news as it happens.
Top Current Company News: Zynga, Betfair
Visa Restrictions on Gambling Blamed for Macau Slow Down in Growth
After years of accelerated growth, the world’s biggest gambling destination, Macau, witnessed an abrupt slowdown in May. Part of the blame is now being placed in Visa.
A presser put out by the Paragon Report made the claim:
Brazilian Series Of Poker 2012 to be Sponsored by PokerStars
PokerStars é o novo patrocinador da Brazilian Series Of Poker (BSOP)
The Brazilian Series of Poker 2012 (BSOP) will now be part of the PokerStars global tournament calendar. The world’s largest “real money” online poker site claims to have the biggest chunk of the Brazilian poker playing market.
The first PokerStars-sponsored BSOP event will take place in São Paulo from July 26-31 at the Holiday Inn, Parque Anhembi. Other stops will include Rio de Janeiro, Curitiba, Belo Horizonte, Fortaleza and Balneário Camboriú.
Ray Bitar Remains Detained After US Magistrate Agrees to $2.5 Mil Bond
The disgraced former CEO of now shuttered Full Tilt Poker, Ray Bitar, remained behind bars on Tuesday after voluntarily turning himself in on Monday. US law enforcement agents arrested Bitar at New York’s JFK Airport.
Bitar engaged in what prosecutors described as a “ponzi scheme” though many familiar with the case believe Bitar’s activity was more akin to plain out-and-out theft and does not quite meet the definition of a ponzi scheme.
Darren Rovell Out at CNBC, Returning to ESPN
Darren Rovell, who has regularly covered the sports and online gambling sector for CNBC during a 6-year stint, will be returning back to his roots at ESPN.
Rovell’s last day at CNBC was Tuesday (July 3) with a final airing on Thursday.
PaddyPower.com Taken Down
The UK’s third biggest bookmaker and one of the world’s most popular online poker sites was taken down a good 5 hours Tuesday afternoon. The site was back up by late Tuesday evening.
Paddy was suffering from an outage duringthe mid-afternoon period right up through the evening hours. Betting on the later portion of the Wimbledon tennis tournament was interrupted as a result of the outage.
PaddyPower tweeted throughout this period:
Gambling Company News and Tweets – July 3, 2012 (11 am EST)
Here is all the latest Twitter chatter related to the gambling sector – poker, sports betting, financials, entertainment, politics and more. Be sure to follow Gambling911.com on TWITTER here to get all the latest updated gambling news as it happens.
Top Current Company News:
888 Holdings Enters US Online Gambling Market With WMS Gaming Alliance
888 Holdings announced on Monday plans to enter the US online poker market through an alliance with slot machine developer WMS Gaming Alliance. 888 will offer free play poker in the initial stages.
US Prosecutors Still Allege Full Tilt Poker, Ray Bitar Engaged in Ponzi Scheme
An additional indictment was filed against Raymond Bitar, CEO of now defunct Full Tilt Poker, on Monday July 2, 2012 after he voluntarily turned himself in to US authorities.
Bitar has remained at large since April 15, 2011 following charges of money laundering and bank fraud in connection with running what was once the world's second largest online poker room.
Zynga Celebrates 5th Birthday
The social gaming network Zynga is celebrating its 5th birthday – anniversary, whatever you want to call it - today July 2, 2012.
Euro 2012 Boosts Betfair Revenues
By Keith Weir
LONDON, June 29 (Reuters) - The Euro 2012 soccer tournament helped online gambling exchange Betfair to report strong trading on Friday, with the development of mobile apps seen as a driver of future revenue growth.
The online bet-matching company, set up 12 years ago, reported a 15 percent rise in underlying profits (EBITDA) from its core businesses to 92 million pounds ($142.66 million) in the year to April 30. Betfair shares rose 2.8 percent to 755.5p by 0825 GMT.
Macau Gambling Growth Misses Expectations
(Reuters) - Macau's gambling revenue growth rebounded last month from May, though the increase was slower than expected, signaling muted spending in the world's largest gambling destination.
Revenue rose 12.2 percent from a year earlier to 23.3 billion patacas ($2.92 billion) in June, faster than May's 7.3 percent gain, government data showed on Monday. Analysts had expected a 15 percent increase.
Time for Lock to Rock: Poker Site Gets Rid of Bugs, Extends $4000 Bonus Into July
Nobody said it was going to be a seamless transition, one online poker skin practically starting an entirely new network from scratch, especially a skin that brought with it several thousand customers.
Let’s face reality for a moment, even the long established dinosaurs like PokerStars haven’t been immune to software issues and other obstructions. Only a chosen few know how to create and manage a successful online poker network. This is why the Vegas casinos feel the need to team up with established players from the European market.
William Hill Goes to War With Betfair Over Horse Racing Levy
William Hill, England’s biggest bookmaker, wants to force Betfair customers into contributing to a horse racing levy. Betfair prides itself on being the largest betting exchange. Because there is no middleman (a bookmaker) as part of the betting exchange business model, customers of Betfair have thus far been exempt from paying money towards horse racing.
William Hill will plead its case in court over the coming week.
Gambling Company News and Tweets – June 29, 2012 (4 pm EST)
Here is all the latest Twitter chatter related to the gambling sector – poker, sports betting, financials, entertainment, politics and more. Be sure to follow Gambling911.com on TWITTER here to get all the latest updated gambling news as it happens.
Top Current Company News: Ladbrokes
