Gambling Companies
Gambling Companies, Gambling Stocks
Jenny Woo Talks Online Gambling Payment Solutions in US With CAMS CEO Matthew Katz
I had the chance to sit down with LA based CAMS CEO, Matthew Katz, who is now affiliated with European powerhouse bwin.party. Read my interview to find out what CAMS has to offer as well as other topics including the UIGEA and their affiliation with bwin.party.
JENNY: Tell our readers a little bit about CAMS (Central Account Management Systems). How did you get started and what sets you aside from others?
Vegas The Real Winner With Mayweather-Canelo Fight: Massive Handle
Las Vegas hotels and restaurants were filled and taxis were hard to find as the Mayweather-Canelo fight Saturday night proved one of Sin City’s biggest economic draws.
Many said they haven't seen buzz around an event like this since Tyson vs. Holyfield over 15 years ago, according to KTNV TV.
Boxing legend Bernard Hopkins told KTNV the line outside went around the corner of the building, "Not since fighting with Tyson have I seen this type of atmosphere."
Could Google Really Be Looking at Buying Bwin.Party: Shares Up Nearly 6 Percent
Shares in Bwin.party rose 5.6 percent Friday following rumors that search engine giant Google could acquire the struggling online gambling firm.
French Betting Company PMU Condemned for JFK Assassination Ad (Video)
French betting firm PMU has come under fire for poking fun at the assassination of former US President John F. Kennedy in a recent advertisement.
The ad in question features a 30-second clip of a cheering crowd awaiting the President’s motorcade.
New Jersey Casino Revenue Down Nearly 5 Percent
Atlantic City, NJ - (Associated Press) - Atlantic City’s casino revenue fell by nearly 5 percent in August, as gamblers won table games at a higher rate than usual.
The city’s 12 casinos took in $298.1 million, down 4.8 percent from August 2012.
Revenue from table games was $78.6 million, down 10.5 percent from a year ago. The state Division of Gaming Enforcement said the casinos fared worse at table games than they did a year ago.
Slot machine revenue was $219.5 million, down 2.6 percent.
Big Improvements Promised at Lock Poker: New VIP Program, More
Lock Poker operations head Eric Rizen has advised Gambling911.com that big news was upcoming for the 2nd most trafficked US-facing online poker room in the coming month.
Changes include an upgrade to the VIP program. Other details were not immediately released.
Last month, Lock released a brand new affiliate program and added new online casino games. They were also in the process of opening a new satellite office.
BitBM.com The First Full Service Sportsbook Offering Wagering in Bitcoins
BitBM.com is no longer the endorsed Bitcoin book of the Gambling911.com family now that the anonymous digital currency has begun to mature and gain more mainstream acceptance. That honor now belongs to BetPhoenix.ag.
North Korea to Host Paddy Power Dennis Rodman Invitational
Dennis Rodman and Paddy Power, one of the world’s largest quoted betting companies, today announced details of the “Paddy Power Dennis Rodman Invitational”, an international basketball event taking place in the North Korean capital Pyongyang in January 2014, with the official support and backing of the DPRK government and leader, Kim Jong-un.
Deadwood Casino to Shut Down
(Associated Press) - A longtime Main Street casino in the western South Dakota gambling town of Deadwood is shutting down, putting 24 full-time employees and another six part-timers out of work.
Curacao Fines Online Gambling Company for Operating Without a License
The Dutch Antilles island of Curacao has fined an online gambling operator $100,000 for failing to hold a gaming license.
The company, Global Stars, focuses primarily on the Dutch market where such activity is deemed illegal.
Jan Suyver, chairman of the Kansspelautoriteit, said that “companies offering online gambling now know they can be penalised because licences are yet to be granted, and consumers know that those who do so are not being supervised by the government.”
Pay Per Head Agent Scam Revealed
Gambling911.com has been advised of a pay per head agent scam preying on operators that offer a free trial period.
“His scam is this, he sets up agent for the free weeks and when its time to send in a payment he will push you off,” the pay per head operator tells Gambling911.com. “Most likely he is already set up somewhere else free.
Welcome to One of the Most Impressive Per Head Businesses for Bookies
When it comes to per head businesses this Football season, few come close to PerHead.com, one of the first operators in the offshore gambling scene (previously operating as EagleDP.com).
First off, they operate from their own three story building (can you say “IMPRESSIVE”).
Second, they have been operating offshore since 1999 but the current owner’s dad started the business way back in 1952.
Golden Nugget Casino to Offer Online Gambling
The latest casino property to embrace online gambling is none other than the iconic Golden Nugget casino brands.
Landry’s Inc. is the owner of Golden Nugget. They have hired Thomas Winter, a former head of European-based Betclic Ltd. to run its online business. They will also be partnering with Bally Technologies Inc. to provide the Internet platform.
Boston, Everett Told to End Border Dispute Over Proposed Wynn Casino
BOSTON — (Associated Press) - The state’s top gambling regulator told representatives from the cities of Boston and Everett on Wednesday that they needed to resolve by week’s end a dispute over how much say, if any, Boston should have on a resort casino proposed by Las Vegas casino developer Steve Wynn.
Equity Poker Network Launches First Non-Profit Poker Network
Unique Business Model to Deliver More Profits to Operators
San Jose, Costa Rica - The EquityPokerNetwork.com (“EPN”) is set to revolutionize the Network-Operator dynamic with the launch of the world’s first ‘non-profit’ online poker network. When EPN opened its doors for business, online poker operators around the world (including the U.S.) finally have a smarter Network alternative that guarantees a level playing field for all, and more profits back to the actual Operators.
Online Bookmaker Paddy Power Sponsors Dennis Rodman 2nd North Korea Trip
Paddy Power, the UK’s third largest bookmaker, is sponsoring former NBA star Dennis Rodman’s trip to North Korea. It is Rodman’s second trip to the “Hermit Kingdom” in so many months.
Macau Gambling Growth Up 17.6 Percent
(Reuters) - Gambling revenue in Macau rose 17.6 percent in August year-on-year, buoyed by a steady flow of wealthy Chinese punters to China's only legal casino hub.
August's revenue of 30.7 billion patacas ($3.88 billion) was the second strongest figure this year, according to government data released on Monday. Analysts had forecast August growth in the world's biggest gambling market to be up 17-19 percent.
A Portuguese colony until 1999, Macau's gambling revenues are closely twinned with China's economy as more than two-thirds of its visitors coming from the mainland.
Nevada Strip Gambling Drops 14 Percent in July
CARSON CITY, Nevada — Nevada gambling revenue dropped 8 percent in July, led by a 14.4 percent drop on the Las Vegas Strip that analysts Friday chalked up to a tough comparison to the same month the year before.
Casinos statewide won $925.7 million from gamblers in July, down from July 2012 when casinos surpassed the billion-dollar mark and posted a 17 percent increase. The "win" is what was left in casino coffers after gamblers wagered $11.5 billion. A breakdown shows $8.8 billion was plunked into slot and video machines, while $2.7 billion was bet on card and table games.
Online Gaming Solutions for Bookies – 2013 Football
Our friends at Wagerhome.com are experiencing their biggest year thus far with their online gambling solutions for bookies.
In fact, online sportsbooks are reporting some of the best traffic heading into Week of the 2013 College Football season they have experienced in over five years.
Purple Lounge Casino Parent Company Closes Two Years After Disney BJ Scandal
The parent company of now defunct Purple Lounge Casino and Poker Room, Mediacorp plc, has ceased trading on the London Alternative Investment Market (AIM).
Purple Lounge shut down in April of last year due to what Mediacorp termed “liquidity issues”.
But Mediacorp months earlier had been embroiled in a messy sex scandal involving one of its non-executive Directors, Chris Gorman.
Palazzo Hotel-Casino Wants to Put End to Bestiality, Simulated Sex in Nightclub
LAS VEGAS (Associated Press) — It turns out that even in Sin City, some sins are hard to overlook.
The Palazzo hotel-casino on the Las Vegas Strip is trying to evict a 10-month-old nightclub for shows it says are so raunchy that they violate obscenity laws. It says actors — some nearly naked — toss condoms into the crowd and simulate sex acts and bestiality on stage.
Investment Group Closing in on Atlantic City Casino
The Press of Atlantic City is reporting that an investment group is on the verge of purchasing a casino on the boardwalk but will not yet name the property.
From the Press of Atlantic City:
Maryland Live! Opens New Poker Room to Full House
HANOVER, Md. (AP) - The 52-table poker room at Maryland's largest casino opened Wednesday.
Dealers began shuffling cards at Maryland Live! Casino in Hanover at noon. A grand opening ceremony was held at 11 a.m.
Some people got in line early, waiting over five hours to play their first hand.
888 Plans Online Gambling Expansion Into California, Florida, New York
With online gambling already legalized in Nevada, New Jersey and Delaware, 888 Holdings has its eyes on bigger fish, some of the most populous states in the US.
888 boss Brian Mattingley signaled moves into potential emerging online gambling markets like California, New York and Florida.
“There are now nine more states considering [legalising online poker]. California is beyond doubt the biggest prize, and between California, New York, New Jersey and Florida that’s 50pc of the potential market,” Mattingley said.
US Government to Get $47.4 Mil From Sheldon Adelson’s Las Vegas Sands Corp
LOS ANGELES (Associated Press) — Casino operator Las Vegas Sands Corp. has agreed to pay $47.4 million after failing to flag millions of dollars in money transfers made by a gambler linked to drug trafficking.
In return, the U.S. Attorney's Office in Los Angeles will not seek an indictment against the casino operator, prosecutors said Tuesday.
The deal, finalized late Monday, also brings the government's criminal investigation to a close, but requires Las Vegas Sands to boost its efforts to monitor suspicious financial transactions for the next two years.
Delaware Rolls Out Online Gambling
The US state of Delaware rolled out its free online casino gaming platform Wednesday ahead of its planned October launch of real money online gambling.
"This first phase will allow us to really get the players acclimated to the virtual world in a legalized environment," said Tom Cook, Delaware's secretary of finance.
Scores Strip Club Opening Inside Atlantic City Taj Mahal Casino
ATLANTIC CITY, N.J. – (Associated Press) - What if, after seven years of plunging casino revenues and fleeing customers, Atlantic City's real problem was this: People are wearing too much clothing?
Scores, the famous New York strip club, will open a satellite establishment inside the Trump Taj Mahal Casino Resort next month -- the first strip club inside an Atlantic City casino in the 35 years of legal gambling here.
CNBC: ‘Seismic Shift’ Coming for UK Bookmakers as Government Imposes Tax
CNBC on Monday reported that UK-based bookmakers and other online gambling websites will be scrambling to move into the Asian and Australian markets following news that Great Britain plans to impose a 15 per cent levy on remote betting firms.
This will hit major U.K. bookmakers like William Hill and Ladbrokes, which operate from Gibraltar, where taxes are currently levied at 1 per cent and capped at £425,000, CNBC notes.
Smaller bookmakers are likely to be forced out of the market.
Online Gambling Accounts for More Than Half of Bitcoin Transactions
Bitcoin is becoming big business in the world of online gambling. Earlier in the month, Gambling911.com reported that one of its ad sponsors, SportsBettingOnline.com, had become the first online sportsbook that was not bitcoin exclusive to begin offering the anonymous digital currency.
Pay Per Head Service for $5 Per Month
PayPerHead.com is offering a price per player for $5 per month to qualified bookies. This is a basic package that is a perfect fit for the guy with just a few clients.
What you get with the $5 package is 24/7/365 online wagering, betting available on 80+ leagues and exceptional online support.
In order to get call center support, bookies will need to upgrade to the $10 per month package.
