Business/Financial
Trump Casinos Post $443 Million Loss
Donald Wittkowski, Press of Atlantic City
ATLANTIC CITY - Trump Entertainment Resorts Inc., currently in the midst of an ownership fight between Donald Trump and corporate bondholders, fell to a huge loss in the second quarter, reflecting the lower value of two of its three casinos.
The company reported a net loss of $443.1 million, or $13.97 per share, compared to a net loss of $29.8 million, or 94 cents per share, in the same quarter last year.
What Does Illness of Stanley Ho Mean to Macau?
HONG KONG, Aug 6 (Reuters) - Veteran 87-year-old Macau gaming tycoon Stanley Ho is in intensive care after undergoing brain surgery to remove a blood clot, raising questions over the succession of
Newspaper Industry Could be Saved by Online Gambling
How's this for some "out of the box" thinking?
Ladbrokes Profits Drop: Moving Online Unit to Gibraltar
By David Altaner
888.com Says It Is Nearing a Purchase
An online gambling company, 888, said Monday that it was close to making an acquisition after strong trading from its casino, bingo and sports betting Web sites led to an improved
William Hill Disappointing Profits
(Bloomberg) -- William Hill Plc, the U.K.'s second- biggest bookmaker, dropped the most since October after the company said full-year betting-shop profit would be lower than analy
William Hill Profits Likely Down Over Last Year
William Hill, the United Kingdom's second largest bookmaker, is expected to announce interim results on Tuesday.
Analysts believe that profits at both William Hill and rival Ladbrokes (scheduled to announce results itself on Thursday) will be down over last year. This is due to bad weather causing a number of race meeting cancellations during the month of March. Likewise there were few surprises with May's football results.
Analysts' concensus sees pre-tax profits of £133m for William Hill.
Woo Interviews Harrah’s Interactive Entertainment CEO Mitch Garber
I recently had an opportunity to sit down with the CEO of Harrah's new division, Harrah's Interactive Entertainment. His name is Mitch Garber and if the name rings a bell, it probably should. F
Aristocrat Leisure Appoints New Executive Team
Gaming machine maker Aristocrat Leisure has announced a new executive team, and the retirement of two current senior executives.
World Poker Tour Up For Sale Reports Wall Street Journal
The Wall Street Journal on Monday featured a story that claimed "It was a good bet that the World Poker Tour is up for Sale".
New Jersey Economy Can Be Helped by Sports Betting
The state of New Jersey desperately needs a boost to help its troubled economy... and so too does its Governor, Jon Corzine.
Smallest Starting Day Since 2003 for a WSOP Event
Has the recession hit the 2009 World Series of Poker? It sure seemed that was the case after Saturday's starting field attracted the smallest number of participants since 2003.
873 players took to the table including the likes of Gambling911.com friend Doyle Brunson, Amarillo Slim, Greg Raymer, Chris Moneymaker and Chris Ferguson. That number still surpasses the total who played in 2003, which was 839. This was also the year that Chris Moneymaker won and helped to kick start today's poker craze. The following year attracted 2576 players.
Economy Really Affecting 2009 World Series of Poker?
There was great buzz during the initial week of the 2009 World Series of Poker as record participation had been declared for certain events.
Antigua Police Arrest Bank Regulator Tied to Stanford
By Evan Perez, www.wsj.com
Gambling Shares Up, Sportingbet a BUY
As Prime Minister Gordon Brown continues to cling on to power - despite dismal European election results and further resignations - bookmaker Paddy Power was offering odds of 8/1 that he'll be de-t
Fontainebleau Las Vegas in Chapter 11: Ceiling Collapses at Miami Hotel
Fontainebleau Las Vegas, a $3 billion resort project on the Las Vegas Strip, filed for bankruptcy-court protection late Tuesday, the project's owners said.
Harrah’s Bets on Japan, Taiwan Expansion
MACAU, June 2 (Reuters) - Harrah's Entertainment Inc, the world's largest casino operator, is eyeing expansion opportunities in Taiwan and Japan, as it bets on the fast-growing and affluent Asia ma
Harrah’s New Online Poker Unit Coming to Montreal
As first reported on Gambling911.com, Harrah's will be launching a new online unit.
MGM Told to Cut Ties With Macau and Pansy Ho
New Jersey regulators have told MGM they need to abandon a joint venture with Macau and Pansy Ho, accusing the later of being part of an organized crime family.
Harrah’s $1 Billion in New Notes to Pay Old Debts
LAS VEGAS-(Associated Press) - Casino operator Harrah's Entertainment Inc.
Unemployment Rate: You Can Bet On It
The unemployment rate throughout the world is skyrocketing. And while online gambling websites based out of the United Kingdom have long been offering unemployment betting,
Atlantic City Profits Way Down: Sports Betting a Must
It's more bad news for Atlantic City as the East Coast casino empire witnessed gross operating profits decline by more than 38 percent in the first quarter of 2009.
The Bellagio, MGM Grand to be Developed in Dubai
The Middle Eastern nation of Dubai will get its own Bellagio and MGM Grand Hotels, two iconic staples of Las Vegas.
Unibet Positive Financial Results Announced
Swedish Internet gambling giant, Unibet, announced positive financial results Monday for the first quarter of 2009 in the midst of a worldwide recession.
Highlights included gross winnings revenue amounting to $31.3 million for the first quarter of 2009, profit of $10.9 mil for this same period and operating cash flow before movements in working capital amounting to $13.5 million. Active customers totaled 314,977.
Vegas Hotel Room Rates Will Increase
With signs that hotel occupancies are going up, MGM Mirage executives said demand for the company's hotel rooms is high enough to warrant an increase in room rates, which have plummeted during the
Las Vegas Sands Losses Mount
LAS VEGAS (AP) - Casino operator Las Vegas Sands Corp.
Recession Having Little Affect on Kentucky Derby Online Gambling
Bloomberg News was reporting on Friday that Kentucky Derby betting may fall 30 percent as the worst economy in a generation hits Louisville. Not so with online gambling as Gambling911.com was see
Verizon in Hot Pursuit of Apple iPhone: Odds Posted
Recent frantic reports emerged over the past few days claiming Verizon Wireless' hot pursuit of an iPhone or iPhone like device from Apple in order to compete with AT&T, which has exclusive rig