Business & Financial
Bodog Arsenal Sponsorship Deal Could Be Nullified: Premier League Clubs Warned
Premier League clubs have been warned about entering into deals with unlicensed overseas online gambling companies in a move that could cost teams £90m a year in sponsorship revenue.
Caesars Looming Bankruptcy: Can’t Make Debt Payments
Caesars Entertainment Corp confirmed in a regulatory filing that it is contemplating bankruptcy as it will be unable to repay debts by the fourth quarter of 2015 without restructuring.
Reaction to Adam Silver Sports Betting Stance is Mixed
Gambling911.com has been bringing its readers extensive coverage of NBA Commissioner Adam Silver’s about-face on legalized sports betting. The reaction has been a mixed bag as one might expect.
New Daily Fantasy Sports Sites FantasyDraft.com, DraftHero Debut: Land T.Y. Hilton
Two new fantasy sports sites debuted in recent days: FantasyDraft.com and DraftHero.com.
Ultimate Poker Closes Its Nevada Online Gambling Site
LAS VEGAS (Associated Press) — Ultimate Gaming officials say they have shut down the company's online Ultimate Poker site in Nevada.
Chairman Tom Breitling said in a statement Friday that online poker revenue fell short of expectations and operating the sites in just a few states where it's legal has made the business costly.
Online poker is legal in Nevada, New Jersey and Delaware.
Players in one state can only go head-to-head with other players also physically in that same state.
Breitling says that made making a profit difficult.
Mavs Owner Mark Cuban Backs Adam Silver Position on Sports Betting
While the National Basketball Association Commissioner Adam Silver may have gone against the status quo by suggesting the time has come for legalized sports betting on NBA games, some of his colleagues – most notably the National Hockey League’s Gary Bettman – remain opposed to the idea.
Bookie Player Management – Reports Made Easy Via Pay Per Head Biz
One of the benefits of using a Pay Per Head business is the improved bookie player management equation.
RealBookies.com is one of the premier bookie management firms offshore, offering some of the best solutions in the world.
Taj Mahal to Close in December
(Associated Press) - THE OWNER of the struggling Trump Taj Mahal Casino Resort filed court papers yesterday saying it will close by next month, making it the fifth of the city's 12 casinos to shut down this year.
Trump Entertainment Resorts said in a Delaware bankruptcy court filing obtained by The Associated Press that its board has approved a shutdown of the casino by Dec. 12. It had threatened to close by then if its main union didn't drop its appeal of a court-ordered cost-savings package.
Obermann Questions Silver Stance on Sports Betting Days After FanDuel Deal
Responding to NBA Commissioner Adam Silver’s new stance that sports betting should be legalized and regulated, ESPN2 sports commentator Keith Obermann suggested there is an underlying reason behind Silver's about-face.
Mississippi Bookies Flourish With Bulldogs, Rebels Riding High
It’s a good year to be a bookie in the Magnolia State of Mississippi. With two of the state’s top schools excelling in College Football, the demand for local bookies has never been greater.
Kent, a local bookie from Greenville, tells Gambling911.com his overall volume generated has more than tripled over last year.
“The folks here want to support their local College teams whether that’s Ole Miss or the Bulldogs,” Kent disclosed. “When their team is winning they feel more comfortable putting some money behind these schools.”
More Atlantic City Woes as Revenues Drop
ATLANTIC CITY, New Jersey — (Associated Press) - Atlantic City's casino revenue fell by 4.4 percent in October compared with a year ago.
The casinos took in $207 million, compared to $216 million in October 2013.
But when casinos that have recently shut down are excluded, the surviving casinos saw their revenue increase by more than 19 percent compared to last October, the figures Thursday showed.
Bwin.Party Shares Plunge Thursday in Late Day Trading
Bwin.Party witnessed more than a 12 percent decrease in its share price following a 10 percent rise Wednesday on news that it was in early takeover talks. The price rose slightly Thursday morning peaking at 121.82 before the late afternoon plunge just shy of 104.
The statement issued Wednesday to the London Stock Exchange entitled "media speculation" said:
Connecticut Could See Third Casino
UNCASVILLE, Conn. (Associated Press) — The tribal authority that runs the Mohegan Sun and rival Foxwoods Resort Casino could join forces to operate a third Connecticut casino near the Massachusetts state line to compete with new casinos opening in the Bay State, its chief executive said.
Mitchell Etess, chief executive officer of the Mohegan Tribal Gaming Authory, told The Day of New London it's "very easy" to see a solution drawn up by the Connecticut legislature.
iPoker New Rake Structure Yet Another Deterrent to Grinders
Online poker grinders may be an extinct breed if the current trend of scaring them off is to continue. The world’s third largest poker network, iPoker, has decided to follow in the footsteps of PokerStars by restructuring its rake formula as a means of attracting strictly recreational players. Ahem fellow grinders: Americas Cardroom still we
Atlantic City Showboat Casino Sold, Will be Turned Into College Campus
Atlantic City’s famed and now shuttered Showboat Casino has been sold to Stockton College, which plans to convert the property into a satellite campus.
Caesars Entertainment and the college announced the purchase plan on Wednesday. The sale price was not announced, nor was a target closing date released.
Bwin.Party Confirms Takeover Talks
(Reuters) - Online gambling company Bwin.Party said on Wednesday it was in early talks with a number of parties over a "variety of potential business combinations", which could result in an offer being made for the firm.
Shares in Bwin.party, which made the statement in response to recent media speculation, jumped almost 17 percent on the news to 126 pence.
The company has faced pressure from U.S. activist investor Jason Ader's Spring Owl vehicle to shake-up its board, improve its growth strategy and reduce infrastructure costs.
NHL Enters Into Multi-Year Exclusive Deal With DraftKings.com
The National Hockey League has just entered into a multi-year exclusive deal with one of the world’s largest daily fantasy sports contest sites, DraftKings.com. The agreement calls for DraftKings.com to become the official daily fantasy sports site of the NHL.
Tribes Starting to Come Together to Offer PokerStars Online Poker in California
Sacramento, CA, and Montreal, Canada - The San Manuel Band of Mission Indians and Amaya Gaming Group (TSX: AYA) announced today that the San Manuel Band of Mission Indians has agreed to join the existing business agreement between the Morongo Band of Mission Indians, California’s three largest card clubs – the Commerce Club, the Hawaiian Gardens Casino and the Bicycle Casino – and Amaya which owns and operates PokerStars, the world’s largest online poker site.
Caesars Shares Plunge on News of 3Q Losses
Caesars Entertainment Corp. on Monday reported a wider 3rd quarter loss than what had previously been expected. The Las Vegas-based company has not been profitable since 2009.
Caesars reported a loss of $908.1 million, or $6.29 per share, for the July-September period. It posted a loss of $761.4 million, or $6.03 per share, in the same months last year.
Bookies Fare Well With Jets, Browns, Ohio State Outright Wins
The three most wagered on sides in Football this past week just happened to all be dogs. Each of these teams also won their respective games, leading to big victories for the bookmakers as well.
By far the biggest of those wins came with the New York Jets beating Pittsburgh at home as a +4.5 underdog.
Dan Bilzerian Plays Poker With Mini Me, a Gorilla
Poker playboy Dan Bilzerian recently teamed up with Mini Me star Verne Troyer (“Austin Powers”) and a tuxedo-wearing gorilla named Gerald to shoot a commercial for the online casino group BGO.com.
Gambling Industry Spent $14 Million to Defeat Ballot Question in Mass
BOSTON (Associated Press) -- Casino companies and their supporters spent nearly $14 million in their successful campaign to defeat a ballot question on repealing the state's casino law.
Campaign filings submitted this week show more than half of that spending -- $7.6 million -- came in the days leading up to the Nov. 4 election, thanks to major contributions from the state's three licensed casino operators: Wynn Resorts, MGM Resorts International and Penn National Gaming.
Bookies in Oakland, California Area: Where to Find Them
If you are looking for local bookies in the Oakland, California area, they are in total abundance. Chances are PayPerHeadAgents.com services these bookies as they are fluent in Chinese and Oakland encompasses the third largest Chinese-American population. PayPerHeadAgents.com can be reached via phone at 888-328-6957 國/粤语: 888-328-6957.
United Airlines to End Atlantic City Service
United Airline has announced it will be ending flights to and from the struggling seaside gambling community of Atlantic City just eight months after first offering said flights.
The company issued a statement Friday saying the service between Atlantic City and two of its hubs – Houston and Chicago – were “no longer sustainable”.
Online Gambling Site Fined by New Jersey Gaming Enforcement Division
ATLANTIC CITY – (Associated Press) - Authorities have fined an Internet gambling firm $10,000 for soliciting more than 250 people who voluntarily excluded themselves from gambling in New Jersey.
State Gaming Enforcement Division spokeswoman Kerry Langan tells The Press of Atlantic City the fine against Caesars Interactive Entertainment is the first imposed since New Jersey launched online gambling last year.
Casinos and online operations are forbidden from sending promotional materials to gamblers who voluntarily ban themselves.
Backlash Over PokerStars Rake Increase as Pros Speak Out: ‘Will Hurt Bottom Line’
A handful of poker pros offered their opinion of the recent rake increase at the world’s largest online poker site PokerStars.
Speaking to PokerNews.com, the likes of Phil “OMGClayAiken” Galfond, Shannon “basebal1b” Shorr and la “Odd_Oddsen” Amundsgard spoke publicly about the changes now taking place at Stars, all of which seem to be embracing a more “recreational” model similar to that found at Bodog Poker.
Casino Expansion Plans Get Voter Approval in Three States
Five states featured amendments to expand casino gambling within their borders during Tuesday’s midterm elections and three of those initiatives received better than 50 percent of the required vote.
888 Sees 22 Per Cent Jump in Q3 Revenue
(Reuters) - 888 Holdings Plc shares rise as much as 5.4 pct, among the top performers among UK midcaps, after issuing an upbeat outlook.
** Online gambling company says expects full year adjusted EBITDA ahead of current analyst consensus.
** 888 posted a 22 pct jump in Q3 revenue driven by a strong performance in its casino games.
** Investec Securities, which rates stock a "buy" , says all areas are performing well, but casino, in particular is way ahead, with Q3 revenue up 23 pct.
** Up to Monday's close, the stock had fallen about 25 pct this year.
Yahoo Real Money Online Poker Site?
A new Yahoo free-to-play online poker site could become a serious contender in the realm of real money online poker in the foreseeable future.
Macau Gambling Revenue Falls 23 Per Cent in October: Worst Ever
(Reuters) - October was the worst month on record for casino revenues in the world's biggest gambling hub Macau as China's pervasive war on corruption, combined with fewer tourists and slowing economic growth, dampen the appetite to wager.
Gambling revenues for the month fell some 23 percent year-on-year, the sharpest drop since the former Portuguese colony started keeping records, government data showed on Tuesday.
