Business/Financial

Bad Beat Poker Jackpots Winning Big in Bad Economy

It turns out that in online poker winning really isn't everything.

Submitted by Jagajeet Chiba on, Feb/05/2009

Wells Fargo Cancels Trip to Vegas

After intense pressure in the media, Wells Fargo Bank has decided to cancel a highly publicized trip next month to Las Vegas for employees as part of a gambling excursion.  Many charged the financ

Submitted by Jagajeet Chiba on, Feb/04/2009

Rising Poker Star Joins LA Times Business Staff

He finished in 60th place at the World Series of Poker last summer and came in 4th place in September's California State Poker Championship.  Stuart Pfeifer may not be a big

Submitted by Jagajeet Chiba on, Feb/02/2009

2009 Super Bowl Betting Not Hurt by Financial Crisis

Slightly more money was brought in on this year's multi-million dollar Super Bowl ad spots than last year, the parties are still taking place and of course 2009 Super Bowl betting will go on as it

Submitted by C Costigan on, Jan/30/2009

Betting Market Asks: Davos World Economic Forum Matter?

As business and political moguls hobnob at the five-day Davos junket we will measure whether many of those who presided over blunders in business

Submitted by Guest on, Jan/28/2009

Hilton Las Vegas Hopes Super Bowl Betting Boosts Economy

Hilton sports book executive director Jay Kornegay told the Las Vegas Sun that there are more than 300 such wagers on the Hilton's sheets this year.

Submitted by C Costigan on, Jan/26/2009

U.S. Economy: States Can Ill Afford to Lose Their Lotteries

In this time of serious economic crisis in the U.S.

Submitted by C Costigan on, Jan/26/2009

Playboy Problems Not Stopping With Online Poker Room

The closure of Playboy's online poker room last week appears to be just the tip of the iceberg.

The famed company warned investors that it will take a write-down of goodwill and other charges amounting to more than $100 million, resulting in a net loss for Q4. The magazine publisher also expects a $4 million charge on cost-reduction initiatives, which will include an unspecified number of job cuts.  The company will also fold its New York office according to reports.

"Who knew sex was a bad business to be in?" asks Belinda Luscombe of Time Magazine.

Submitted by Jagajeet Chiba on, Jan/25/2009

Las Vegas Sands Corp a Strong Buy

The economy is struggling and Las Vegas we learn is not immune, nor is the Las Vegas Sands Corp, one of the world's largest casino ventures.  But with its recent capital infusion and prospects for

Submitted by Jagajeet Chiba on, Jan/12/2009

UBS Closes All Offshore Accounts of U.S. Clients

ZURICH (Reuters) - Swiss wealth manager UBS AG (UBSN.VX) (UBS.N) is closing all the offshore accounts of its U.S. clients, the bank said on Friday, as it comes under pressure from U.S.

Submitted by Guest on, Jan/09/2009

Porn and Other Sin Industries Want Government Bailouts

Sex sells especially in an economic downturn, Sarah Estrella of the Examiner writes

Submitted by Payton on, Jan/08/2009

JetBlue Begins Flights to Costa Rica

The online gambling rich nation of Costa Rica will soon be able to enjoy the JetBlue experience.  The Central American nation is the largest employer in the North American Internet gambling sector

Submitted by Jagajeet Chiba on, Dec/26/2008

Tel Aviv Online Gambling Firms Thrive During Economic Woes

Casino Affiliate Convention organizer, Marc Lesnick, says the Tel Aviv online gambling scene is thriving despite a troubled economy.

Submitted by C Costigan on, Dec/18/2008

Sportingbet Trading in Line Since First Quarter

LONDON, Dec 12 (Reuters) - Online sports betting company Sportingbet (SBT.L: Quote,

Submitted by Guest on, Dec/12/2008

Hamdemonium Betting This Christmas Time?

It sounds like a storyline from the movie "Aporkalypse Now' as hamdemonium continues to spread across the Irish food industry.

Submitted by Payton on, Dec/09/2008

Bookie Offers Odds on Aer Lingus Ryanair Shares

The odds of the Irish government selling its shares in flagship carrier, Aer Lingus, to one of Europe's biggest low fare airlines, Ryanair, were set at 5-2 at

Submitted by Jagajeet Chiba on, Dec/04/2008

Gamblers Go Heavy On Dow Closing Much Higher Following Citi Group News

Gamblers at online prediction market intrade.com were betting heavily that the Dow would close more than 25 points higher than Friday's close following news th

Submitted by Jagajeet Chiba on, Nov/24/2008

Downey Bank Finally Goes Down For The Count: Who’s Next?

So far the online prediction markets have been fairly accurate in their offering related to the next bank closure. 

Submitted by Jagajeet Chiba on, Nov/23/2008

Think AIG is Bad? HBOS Bank Execs Caught in Sordid Drug Fueled Orgy

American is outraged these days by the antics of AIG Insurance, accused of spending parts of their government bailout on expensive junkets and God only knows what else.  But compared with the exec

Submitted by Jagajeet Chiba on, Nov/15/2008

Las Vegas Sands Plunges on Default, Bankruptcy Risk

Nov. 6 (Bloomberg) -- Las Vegas Sands Corp., billionaire Sheldon Adelson's casino company, plunged in New York trading after saying it may default on debt and face bankruptcy.

The casino owner, which had $8.8 billion in long-term debt at the end of June, said in a regulatory filing today that it probably won't meet the requirements of some loans unless it cuts spending on development projects, boosts earnings at its Las Vegas Strip casinos and raises more capital.

Submitted by Guest on, Nov/06/2008

Ron Paul On The Economy And Why The Bailout Was Bad Idea

Gambling911.com Senior Correspondent, Jenny Woo, had a chance to sit down with Republican Congressman, Ron Paul, to discuss his efforts in trying to legalize online gambling.  But Dr.

Submitted by Jenny Woo on, Nov/03/2008

Australia Bookies Not Hurt Yet By Sagging Economy

THE global economic crisis is not preventing Australian punters from having a flutter on the country's biggest horse race, the Melbourne Cup, according to bookmakers who spoke with the Australian n

Submitted by Guest on, Nov/02/2008

The Bet That Blew Up Wall Street

(CBS) The world's financial system teetered on the edge again last week, and anyone with more than a passing interest in their shrinking 401(k) knows it's because of a global credit crisis.

Submitted by Guest on, Oct/27/2008

Financial Gamblers Torn Between DOW Close on Thursday

Slightly more than half of those betting at the online financial prediction market, intrade.com say the DOW will close lower than it did on Wednesday.

Submitted by Jagajeet Chiba on, Oct/16/2008

Wall Street Out of Coma: Main Street Paralyzed?

Despite Monday morning's slight return of confidence in the financial markets Intrade's Prediction Markets indicate the damage has been done and the U.S. economy is heading towards recession.

Intrade's prediction markets for macroeconomic indicators are currently showing the U.S. is likely to enter a recession before the end of 2009. The only question is when? And could there actually be a depression?

Submitted by Guest on, Oct/14/2008

First Country to Pull Out of the Euro in Next 12 Month

The economy around the world is so bad that the folks from Paddy Power have begun offering bets on the meltdown.

Submitted by Jagajeet Chiba on, Oct/13/2008

Prediction Market Gamblers Believe DOW Will Close Lower on Friday

With the Asian markets crashing early on, gamblers at www.intrade.com have been betting at a 60 percent clip or better that the DOW will close down by 2

Submitted by Jagajeet Chiba on, Oct/09/2008

Sheriff Thomas J. Dart Deserves a Medal: Obama Has Chance to Make Difference

Sheriff Thomas J.

Submitted by Payton on, Oct/09/2008

Prediction Market Says Dow to Closer Higher Than on Tuesday

Can things get much worse on Wall Street? Let's hope not.

Submitted by Jagajeet Chiba on, Oct/08/2008

All Eyes on National City Bank Among Prediction Market Bettors

With Wachovia now sold to Citibank and then to Wells Fargo and maybe again to Citibank last week in the never ending drama centering around US banking turmoil, attention is now shifting to the next

Submitted by Jagajeet Chiba on, Oct/06/2008

Breaking News

Sports Betting, Events Odds and Previews: Preakness Stakes Overnight Odds

This one is Epicenter's race to lose after finishing 2nd in the Derby. 

Novelty Betting News: Pete Davidson Leaving SNL

And we have your odds on the next cast member to announce their departure after Davidson.

MiamiCoin Loses 95% of its Value in Wake of Crypto Bloodbath

MiamiCoin Loses 95% of its Value in Wake of Crypto Bloodbath

Even with most of the Miami commissioners jumping on board the crypto bandwagon, its Mayor is the only one who has provided his full support for MiamiCoin, and that could prove costly as investors get taken for a ride.