Business/Financial
Macau Casino Revenue May Rise 40% to $2 Billion This Month
By Frank Longid - (Bloomberg)
888.com Dire New Business Plan
888.com is set to implement drastic cost cutting measures as a way of getting back to profitability and stem further losses.
Bet365 Beats William Hill, Ladbrokes In Online Sports Betting War
Online Gambling Firms Centrebet, Playtech, William Hill Profits All Up
More good news for the online gambling sector as a number of top firms reported profit increases on Thursday: Centrebet, Playtech and William Hill among them.
Following in the footsteps of strong financial numbers from Ireland’s online powerhouse Paddy Power, Centrebet out of Australia said its profits jumped a whopping 75 percent.
New and innovative products were allowing it to grow, according to a company statement.
Online Gambling Companies Still Thrive Despite Deep Recession
Bwin CEO Blasts PokerStars, Full Tilt as Illegal Online Poker Rooms
While Norbert Teufelberger and his Bwin co-CEO Manfred Bodner insist that PokerStars and Full Tilt Poker will be froze out of the U.S.Las Vegas Voted Among Most Stressful Cities
Sin City Las Vegas has been voted the most stressful city by Forbes.com.
“Las Vegas has got its share of stressors," says Kathleen Grace Santor M.Ed., Ed.S., a therapist and yoga instructor who founded the center and has studied stress for 15 years. "The 24-hour day requires employees to work 24 hours a day. They're too busy, they have too much on their plate, and they're always hurried."
Sportingbet a Good Buy? U.S. Market Entrance Still Has Many Obstacles
Instability at Cryptologic Intensifies
Over the past year, Gambling911.com has reported on the infighting at one of the oldest online gambling software firms, Cryptologic.
Australian Casino Wars: Tabcorp No Casualty…(Yet)
Australian casino wars continue on as Tabcorp defends its position to further invest into its Star City Casino based in Sydney, Jupiters Hotel and Casino on the Gold Coast, Conrad Treasury in Brisbane, Queensland, and whispers of another casino or two in the works. Crown Limited's casino James Packer may be sailing the high seas abroad in his Arctic P vessel, but rest assured this army generals, chief of staff, second lieutenant and the like are in the war room plotting as the 'Art Of War' continues. Media Man and Gambling911 on the battlefield... ah, incoming!...
Harrah’s Could Take Over Foxwoods Casino Project in Philadelphia
The Philadelphia Inquirer is reporting that casino giant Harrah’s could take over the troubled Foxwoods Casino along the Delaware waterfront in South Philadelphia.Ladbrokes Axes Senior Managers, Sees 7 Percent Profit Loss
“In recent times, the strength of our brand has diminished. We feel the need to regain our primacy.”
Las Vegas Sands Corp Booming Asia Business: Shares Rise 2.3 Percent
Shares in Las Vegas Sands Corp (LVS.N) posted a better-than-expected quarterly profit last week thanks to its new Singapore resort and gambling in Macau.
Sands, whose shares rose 2.3 percent in morning trading, earned 17 cents a share in the second quarter after adjusting for one-time items. Analysts on average expected 9 cents a share, according to Thomson Reuters I/B/E/S.
Net revenue rose nearly 51 percent to $1.59 billion.
"They had a monster quarter," said Sanford Bernstein analyst Janet Brashear.
