Business/Financial
Las Vegas Stripper Mobile Raises Safety Concerns
A Las Vegas Stripper Mobile has commissioners up in arms.
Pacquiao/Cotto Fight Could Help Vegas Economy
It's the fight everybody has been waiting for: Pacquiao/Cotto will pack them in.
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
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.
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.
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.
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.
Las Vegas Sands Loses $123 Mil in Third Quarter
Las Vegas - Associated Press - Casino operator Las Vegas Sands Corp.
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.
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
Betfair, William Hill Going to Enter India
By James Thompson
Tuesday, 27 October 2009
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.
Government Doesn’t do Much for Wynn … or Does it?
By J. Patrick Coolican, www.lasvegassun.com
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.
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
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.
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
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.
US Government Signs Pact with Internet Domain Body
* Pact draws praise from lawmakers companies, governments
* ICANN will be subject to periodic reviews
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
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
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
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.
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.
Packer May Target U.S. Casino Assets, Citigroup Says
Sept. 8 (Bloomberg) -- Australian billionaire James Packer may seek new U.S.
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
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
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.
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.