Business/Financial

Las Vegas Stripper Mobile Raises Safety Concerns

A Las Vegas Stripper Mobile has commissioners up in arms.

Submitted by Jagajeet Chiba on, Nov/13/2009

Pacquiao/Cotto Fight Could Help Vegas Economy

It's the fight everybody has been waiting for:  Pacquiao/Cotto will pack them in.

Submitted by Jagajeet Chiba on, Nov/12/2009

Churchill Downs to Buy Youbet.com for $126.4 Mil

(Reuters) - Racetrack operator Churchill Downs Inc (CHDN.O: Quote, Profile, Research, Stock Buzz) agreed to buy Youbet.com Inc (UBET.O: Quote, Profile, Research, Stock Buzz) in a deal valued at $12

Submitted by Guest on, Nov/11/2009

PartyGaming Gets Ready for Return to US

ONLINE gaming group PartyGaming said yesterday it had completed the acquisition of the World Poker Tour brand, positioning itself for a return to the US market when legislation allows it.

Submitted by Guest on, Nov/10/2009

Bookie Pounded by Punters

Punters got the better of bookmaker Stan James last year with the chain showing a £285,800 loss against a profit of £2.8m in the previous year.

Submitted by Guest on, Nov/08/2009

Liverpool Boots Ladbrokes With Online Sportsbook 188Bet

Asian online sportsbook operator 188Bet has replaced the United Kingdom's largest bookmaker as sponsor for Liverpool FC according to reports.

Submitted by Alistair Prescott on, Nov/05/2009

MGM to Report Financial Results Thursday

Investors are regaining their interest in casino and hotel companies now as they sense that the economy is turning around.

Submitted by Guest on, Nov/03/2009

Las Vegas Sands Loses $123 Mil in Third Quarter

Las Vegas - Associated Press - Casino operator Las Vegas Sands Corp.

Submitted by Guest on, Oct/29/2009

World Poker Tour Acquisition Offer

Mandalay Media, Inc. (OTC Bulletin Board: MNDL) today announced that it has

submitted a proposal to the Board of Directors of WPT Enterprises, Inc.

Submitted by Guest on, Oct/29/2009

Bodog Europe Could Buy Tote

Victoria Bates of City AM reported exclusively on Thursday that Bodog Europe is lining up to potentially by the Tote, just weeks after the government put the bo

Submitted by Jagajeet Chiba on, Oct/29/2009

Betfair, William Hill Going to Enter India

By James Thompson

Tuesday, 27 October 2009

www.indepent.co.uk

Britain's biggest betting companies are bidding for the first online gambling licence in India to gain a slice of the country's $60bn (£37bn) betting market. The high-street bookie William Hill, along with internet players Betfair and Bwin, are bidding for the internet licence in the Himalayan state of Sikkim in early September. A decision is expected in the next two weeks.

Submitted by Guest on, Oct/27/2009

William Hill Profits Unaffected by Football Results

British bookmaker William Hill said profit expectations at its retail business had been unaffected by a run of punter-friendly football results.

Submitted by Guest on, Oct/19/2009

Cryptologic Warns of Revenue Drop

Online gambling software firm Cryptologic has said it expects to report a 31 percent year-on-year fall in the third quarter of 2009 with revenue dropping to US$9.6 million from US$14 million last y

Submitted by Guest on, Oct/16/2009

PartyGaming Confident About 3rd Quarter Revenue Rise

LONDON, Oct 15 (Reuters) - Online gambling firm PartyGaming (PRTY.L) said on Thursday it was confident about its full-year prospects, having made a strong start to the fourth quarter.

PartyGaming said its total revenue rose 11 percent to $112.7 million in the third quarter from the previous quarter, despite it normally being a weak period for the industry as players take their summer holidays.

Casino revenue climbed 2 percent to $49.2 million.

Submitted by Guest on, Oct/15/2009

Impact of Recession Worse on Bookies Than Expected

Much of the news in the world of bookmaking by week's end dealt with the impact of a worldwide recession.  It's been said that the gambling industry for the most part is recession-proof.  We lear

Submitted by Jagajeet Chiba on, Oct/12/2009

Bookies Bet on Turnaround

By Rupert Steiner, Daily Mail

Submitted by C Costigan on, Oct/08/2009

Sportingbet Plans to Join Main London Market

Aim-listed Sportingbet is preparing to move up to the main market, having recovered from the disastrous impact of the effective ban on online gambling in the US in 2006.

Andrew McIver, chief executive, said the move to the main market was prompted by Aim's under-performance over the past year. "In bull markets, Aim does pretty well but if you think the recession is going to last some time, Aim is going to get unduly punished."

Sportingbet hopes to widen its shareholder base when it graduates to the main market within the next six months.

Submitted by C Costigan on, Oct/08/2009

Sportingbet Profits Rise: Posts Full Year Profit

Oct.

Submitted by Guest on, Oct/07/2009

US Government Signs Pact with Internet Domain Body

* Pact draws praise from lawmakers companies, governments

* ICANN will be subject to periodic reviews

Submitted by C Costigan on, Sep/30/2009

888.com Looks to South Africa

Online gambling group, 888.com, is looking to capture the lucrative South Africa market through its Dragonfish division.  A joint venture with South Africa's Tsogo Sun Gaming Group and will help t

Submitted by Jagajeet Chiba on, Sep/28/2009

Macau Seedy Casino Industry a Goldmine

In an article published by the Sydney Morning Herald Tuesday morning, it is revealed how Macau's casino industry has flourished despite a worldwide economic crisis.  Gaming revenue has roared abov

Submitted by Jagajeet Chiba on, Sep/21/2009

Is Harrah’s Buying Planet Hollywood?

The Las Vegas Review Journal is reporting that Harrah's is buying Planet Hollywood, or at least its debt.   Analysts, however, believe that this move could be the precursor to Harrah's outright p

Submitted by Jagajeet Chiba on, Sep/15/2009

IAS Becomes Part of Paddy Power

A meeting of shareholders in betting company International All Sports yesterday approved a takeover offer from rival Sportsbet and its majority owner, Ireland's Paddy Power.

Submitted by Guest on, Sep/14/2009

888.com Enters Into Deal With Harrah’s

Sept. 11 (Bloomberg) -- 888 Holdings Plc rose the most since May in London trading after signing a contract with a unit of Harrah's Entertainment Inc.

Submitted by Guest on, Sep/11/2009

Packer May Target U.S. Casino Assets, Citigroup Says

Sept. 8 (Bloomberg) -- Australian billionaire James Packer may seek new U.S.

Submitted by Guest on, Sep/08/2009

Bwin Shares Rise With Move Into Italy

VIENNA, Sept 7 (Reuters) - Austrian Internet betting and gambling operator bwin's plans to raise its market share in the Italian online poker market with an acquisition was cheered by analysts and

Submitted by Guest on, Sep/08/2009

PartyGaming to Buy Most of WPT's Assets

PartyGaming PLC (PRTY.LN) has agreed to acquiring nearly all of WPT Enterprises Inc.'s (WPTE) operating assets, ending a buyout deal the operator of the World Poker Tour had with an investment grop

Submitted by Guest on, Aug/24/2009

Betfair Considers $2.5 Billion IPO

(Bloomberg) -- Betfair Ltd. is considering a 1.5 billion-pound ($2.5 billion) initial public offering, the Sunday Telegraph reported, without citing anyone.

Founders Andrew Black and Edward Wray, who will meet banking advisers over the coming weeks, reconsidered their position on a potential IPO following continued strength in global equity markets, the newspaper said. Betfair declined to comment, according to the Sunday Telegraph.

Submitted by Guest on, Aug/24/2009

MGM Mirage and Chinese Organized Crime

The Daily News has reported that one of six bidders to run a Las Vegas-style video slots emporium in Queens has ties to Chinese organized crime.

Submitted by Jagajeet Chiba on, Aug/24/2009

Breaking News

Say No to Sportsbook Blacklist

Since Gambling911.com revealed that seven sportsbooks had gotten together to share player information, everybody in the industry is talking.

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