US Financial News
US Financial News and Odds on the US Economy
Spencer Bachus: 60 Minutes Segment a Hit Job
Alabama Republican Congressman and strong advocate for online gambling prohibition, Spencer Bachus, denied he engaged in any form of “insider trading”.
Submitted by Aaron Goldstein on Wed, 11/16/2011 - 22:50
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Absolute Poker Money Return Agreement with U.S. Department of Justice
The United States District Attorney's office has entered into an agreement with Absolute Poker/Ulimate Bet to return funds to poker players.
Submitted by Payton on Mon, 06/06/2011 - 18:17
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FORFEITURE COMPLAINT FILED AGAINST ACCOUNTS MAINTAINED BY E-GOLD
Baltimore, Maryland - A civil forfeiture complaint was filed today for the forfeiture of the value of all e-metal accounts recorded and maintained by e-gold, Ltd (EGL ), a company that was engaged in the business of exchanging traditional forms of currency for precious metals held in electronic form (“e-metals” or “e-gold”) and settling payer initiated transfers of e-metals from one customer account to another.
Submitted by Payton on Mon, 06/06/2011 - 13:26
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Dow Hits Lowest Point on Year
The Dow and S&P 500 hit its lowest mark for 2011 on Wednesday.
Submitted by Aaron Goldstein on Wed, 06/01/2011 - 17:15
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Zynga IPO Could Happen in June: Company Worth $10 Billion
The popular social gaming and poker company Zynga is expected to file for an IPO some time in June, though most of the speculation is focusing on the later part of the month.
Submitted by Aaron Goldstein on Fri, 05/27/2011 - 16:01
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Zynga IPO Could Happen in June: Company Worth $10 Billion
The popular social gaming and poker company Zynga is expected to file for an IPO some time in June, though most of the speculation is focusing on the later part of the month.
Submitted by Aaron Goldstein on Fri, 05/27/2011 - 16:01
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Macau Casino Stocks May See Short Term Drop Second Half of 2011
Credit Suisse Group AG Hong-Kong-based analyst Gabriel Chan provided a less-than-optimistic outlook for Macau casino stocks
Submitted by Aaron Goldstein on Tue, 05/24/2011 - 12:36
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Yandex: Biggest 2011 Tech IPO
Russia’s most popular Internet search engine has gone public, jumping 38 percent on the Nasdaq Stock Market after raising $1.3 billion in an initial public offering
Submitted by Aaron Goldstein on Tue, 05/24/2011 - 11:37
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DOJ indicts founders of top US online poker sites - UB.com & Full Tilt
Federal authorities unsealed an indictment Friday against the founders of the three largest internet poker companies operating in the U.S.
Submitted by Payton on Fri, 04/15/2011 - 14:20
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New Jersey Gov. Chris Christie Vetoes Online Gambling Bill
New Jersey Gov. Chris Christie vetoed a bill that would have made his state the first in the U.S. to re-introduce online gambling.
Submitted by Payton on Thu, 03/03/2011 - 13:58
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Gov. Chris Christie Extension : Gaming in Waiting
Extra wait-time means extra uncertainty for gambling supporters and everyone who will live under the new law.
Submitted by Payton on Mon, 02/21/2011 - 22:56
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Vegas Airline and Casinos To Funnel Gamblers to Nevada
A new charter airline plans this summer to launch casino-themed service between Las Vegas and New York City.
Submitted by Payton on Mon, 02/21/2011 - 17:30
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Apple Users Rejoice Over New Sports Handicapping App
Get your iPads and iPhones out, as there is a new app now allows sports enthusiasts to receive free handicapping advice on 1-3 games daily.
Submitted by Payton on Fri, 11/12/2010 - 12:14
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Winning Sports Advice APP Offers Direct Picks
At this writing, in the fall of 2010, there are 120 million Apple mobile devices. 250,000 Apps will generate $3 billion in 2011.
Submitted by Payton on Fri, 11/05/2010 - 09:40
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Las Vegas Economy Hangs by a Thread
A turnaround in Nevada's economy hinges on recovery in the national economy, a university economist stated this week.
Submitted by Adm1n on Mon, 06/21/2010 - 09:42
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Markets Tank: Wall Street Stocks Down More Than 2 Percent
It was another nail biter on Wall Street today as stocks fell more than 2 percent.
Submitted by Aaron Goldstein on Thu, 05/20/2010 - 13:16
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City Center Las Vegas Continues to Struggle
MGM Mirage's CEO stated that despite operating losses and a write-down on its CityCenter joint venture, the casino operator has solid plans to attract more customers to struggling Las Vegas.
Submitted by Payton on Tue, 05/11/2010 - 17:15
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Unemployment Up to 9.9%: Betting Market Grim Forecast
The economy added a net 290,000 jobs but that didn’t stop unemployment from going up to 9.9% from 9.7% last month.
Submitted by Aaron Goldstein on Fri, 05/07/2010 - 17:21
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Sabotage Not Ruled Out In Wall Street Plunge: Bettors React
President Obama has not ruled out sabotage in Thursday’s shocking near 1,000 point loss on the Stock Exchange after rebounding later in the day.
Submitted by Aaron Goldstein on Fri, 05/07/2010 - 16:46
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Legal Online Gambling in the US Would Create 32,000 Jobs
A study released by H2 Gambling Capital suggests that some 32,000 jobs can be created in the United States with the legalization of online gambling.
Submitted by Aaron Goldstein on Tue, 04/20/2010 - 09:31
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Newspaper Industry Looks to Online Gambling to Boost Profits
Mainstream newspapers in Australia and the United States are starting to plug into the streets paved with gold - online gambling, following the lead from our United Kingdom based media mates.
Submitted by Greg Tingle on Thu, 04/15/2010 - 18:42
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Steve Wynn Divorce Among Most Expensive
Steve Wynn’s $1 billion divoce may be the most expensive ever, at least according to Wynn. He and his wife Elaine split their 38 percent stake in Wynn Resorts Ltd. Elaine walked away with $955 million in stock.
Submitted by Guest on Thu, 04/15/2010 - 09:19
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Gambling in Hawaii: Wipe Out
A move to legalize casino gambling at the Hawaii Legislature this session is now dead.
Submitted by Payton on Fri, 02/26/2010 - 09:51
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Alabama Baptists and Casino Supporters Clash
In Alabama, God Hates Gambling.
Submitted by Payton on Wed, 02/24/2010 - 10:26
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North American Poker Tour Exposes PokerStars
A lucrative sponsorship deal of the North American Poker Tour will further help to boost market share for online poker's largest room, PokerStars.com. There is a downside to all of this as Gambling911.com has been reporting on extensively throughout the second half of 2009.
Submitted by Jagajeet Chiba on Wed, 01/06/2010 - 19:27
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