Business/Financial
Gaming Companies Rise on Vegas Data
(Associated Press) - Shares of some of the nation's biggest casinos climbed Thursday after preliminary figures showed Las Vegas gamblers spent more money in November.
Recession Over In Las Vegas? 2.9 Percent Hike In Nov. Visitors
It may be too soon to call but the good news for Las Vegas is that Sin City had experienced a 2.9 percent increase in visitors during the month of November.
Ladbrokes CEO to Step Down
By LILLY VITOROVICH
wsj.com
LONDON--Ladbrokes PLC said Tuesday Chief Executive Christopher Bell is leaving after nine years at the helm of the U.K. gambling company.
Mr. Bell, who has agreed to stay on into the summer, has come under fire over the past 12 months "for overseeing a difficult period in the group's history, culminating in a punitive equity raise in October 2009," said Daniel Stewart analyst James Hollins said.
Business Week: Casino Sector Continues to Rise
Shares of casino operators traded mostly higher Tuesday -- led by those with properties in Macau -- as investors remained upbeat about the latest gaming revenue figures for the Chinese enclave.
Online Gambling Company 888.com Loses Two Co-Founders
12 year old 888.com (previously known as Cassava Enterprises) has lost one of its founding directors, Israeli Shay Ben-Yitzhak. The Non-executive director Shay Ben-Yitzhak, has resigned with imme
Casino Stocks Soar on Strong Macau Showing
HONG KONG, Jan 5 (Reuters) - Shares of Macau casino operators rose on Tuesday on reports that gambling revenues in the enclave in December rose 48 percent from a year earlier, signalling sustained
Sands China a “Buy” Says Citi, UBS
HONG KONG (Reuters) - Shares in Sands China (1928.HK) climbed as much as 6.3 percent to their highest level in more than two weeks after Citigroup and UBS initiated coverage on the Macau unit of U.
Philly.com: Harrah’s Exec Seeks to Revitalize Atlantic City
By Suzette Parmley
Inquirer Staff Writer
Harrah’s Chief Wants to Bring Caesars Palace to Macau
Dec. 22 (Bloomberg) -- Harrah's Entertainment Inc.
888.com to Buy Bingo Company for £60 Mln
LONDON (Reuters) - Online gaming firm 888 <888.L> has agreed to acquire Wink Bingo from Daub Ltd for up to 59.7 million pounds and said current trading had remained strong and in line with ex
Facebook to Ban Online Gambling Ads
The popular social networking website Facebook.com has come under fire this week for its updated privacy policy, much of which is an attempt to bring additional exposure to the site's advertisers.
Las Vegas, Travel Industry Worried Over State Tax Hikes
The travel industry, including a reeling Las Vegas, has its battle plans drawn.
Cryptologic May Get Into Sports Betting Industry
Long established online casino software provider, Cryptologic, is on the verge of entering the sports betting realm.
The company looks to sign a deal with multi-national Internet sports betting operator Betclic and is preparing to launch a series of new games in partnership with multinationals DC Comics and Paramount Digital Entertainment.
PartyGaming, BWIN in Merger Talks
LONDON (Reuters) - Online gaming firm PartyGaming (PRTY.L) is in merger talks with Austrian rival bwin Interactive Entertainment (BWIN.VI) in a deal that could create an internet gambling giant, ac
Asian Casino Magnate Stanley Ho Recovering Nicely
Macau casino magnate Stanley Ho, who has been hospitalized for the past four months, is likely to be discharged shortly.
Lenders Take Over Atlantic City Casino
By WAYNE PARRY Associated Press Writer
Don't pay your mortgage, and eventually the bank will own your home.
Playtech’s Share Price Dips, Announces Acquisition
(Reuters) - Shares in Playtech (PTEC.L) dip 1.8 percent to 411 pence after Numis cuts its rating on the online gambling softw
Does a Twitter a Day Mean Apple Will Pay?
With the Holiday Season upon us, speculation regarding tech gift sales are at an all time high. With that in mind, the odds specialists at the largest most successful sportsbook on the web, BetUS.com posted odds on what is in store for Apple in 2010 including angles on a potential Twitter buy-out, Steve Jobs' role and much more. "We always see a lot of action on holiday sales around this time of year," stated BetUS.com spokesman Reed Richards. "And interestingly enough, the trend has been that people like to bet on Apple.
Binions Closing Las Vegas Hotel, Casino Remains
LAS VEGAS - (Associated Press) The owner of an iconic downtown Las Vegas hotel that hosted the World Series of Poker for 34 years will close the property's hotel rooms, coffee shop and keno operati
Las Vegas Sands Eyes Japan, Thailand
HONG KONG (TheStreet.com) -- Las Vegas Sands(LVS Quote) is eyeing further expansion
Las Vegas Rebound Riding on $8.5B CityCenter
LAS VEGAS - (Associated Press) - Sin City is pinning its biggest bet ever - $8.5 billion - on a 67-acre, six-tower complex of striking hotels, gourmet restaurants, swank shops and a single casino t
Youbet Churchill Downs Deal May Not Go Through
At least five different shareholders of the horse racing website YouBet.com Inc. have expressed disillusion over a proposed merger with Churchill Downs, Inc.
Charles Proctor of the Los Angeles Business Journal reports that these individuals have filed lawsuits in Los Angeles Superior Court alleging that Churchill Downs is underpaying for the Burbank-based company.
Sands China Down 10 Percent
HONG KONG, Nov 30 (Reuters) - Sands China's (1928.HK) weak stock market debut in Hong Kong on Monday signals a lack of investor appetite for a casino gaming company with a high valuation and an unc
Dubai Debts Fears Hit Casino Industry
Fears over Dubai's announcement that they will be delaying payment of debt has hit casino stocks. News broke on Friday that a possible debt default at Dubai state-owned conglomerate Dubai World D
BWIN and 888 Dismiss Takeover Reports
eGaming Review Magazine is reporting on Friday that Austrian-based BWIN and online gambling giant 888.com have dismissed acquisition talks. Rumors have b
Betting on the World Economy: Bank Warns of Global Collapse
Société Générale is advising its customers how to deal with a possible financial collapse in the global market.
Trump Creditors Poised to Take Control of Atlantic City Casinos
Nov.
