Business & Financial
PPH World Cup Betting -- Americans Must Sit and Wait After Tie with Portugal
Was it a heart-breaking ending for the United States soccer team, not to mention PPH World Cup bettors who had a nice price on them to win, on Sunday in Manaus?
California Tribes Worry PokerStars Might ‘Cut Their Throats’
With Gambling firm Amaya announcing the purchase of the world’s largest online poker room, PokerStars, earlier this month, the firm hopes to enter the California Web gambling market. Not so fast.
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Resorts International Inks Deal With Sportech: Could Join Forces With PokerStars
ATLANTIC CITY — (Associated Press) - An Atlantic City casino that was thwarted in its efforts to join the Internet gambling market is preparing to get in the game.
Resorts Casino Hotel announced partnerships late Friday with European firms Sportech and NYX Gaming to offer Internet gambling.
They will join PokerStars and Full Tilt Poker to form an online betting option that could rival New Jersey’s market leaders, Borgata and Caesars Interactive.
NJ's Bankrupt Revel Casino Gets Cash Lifeline to Hunt for Buyer
CAMDEN, N.J., (Reuters) - Atlantic City's bankrupt Revel Casino Hotel has received court approval to borrow $23.9 million that it said would keep the 1,400-room resort operating for the coming month as it scrambles to find a buyer.
Revel filed for Chapter 11 bankruptcy Thursday afternoon and rushed to court early on Friday for a slew of court orders it said were vital to pay its 3,140 employees, soothe nervous vendors and honor programs that provide gamblers with key perks.
PokerStars Commits Its Future to the Isle of Man in Wake of Amaya Takeover
The Department of Economic Development has welcomed the announcement that PokerStars has committed its future to the Isle of Man following its planned takeover by Amaya Gaming Group Inc.
General Counsel to the Rational Group of Companies Paul Telford wrote an open letter to the Chief Minister reiterating the company’s commitment to the Isle of Man.
Leonard Singer MHK, the Department Member with responsibility for e-Business said:
Pay Per Head Companies and Performance Reports
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Esquire: How Sex, Drugs and Gambling Can Help Boost a Nation’s Economy
Esquire Magazine’s digital edition featured an article Wednesday on how sex, drugs and gambling can actually help a nation’s economy.
They offer up a few strong examples.
When we think of sex and drugs and tourism, Amsterdam is typically the first thing that flashes in our minds.
Pennsylvania Introduces Online Gambling Bill in Senate: PokerStars Exclusion
Pennsylvania lawmakers on Wednesday introduced Bill 1386 in the Senate. The bill, drafted by State Sen. Edwin Erickson, would legalize online gambling in the Keystone State.
A newer version of the legislation co-sponsored by Republican Bob Mensch allows for an expanded number of casino games whereas Erickson’s bill focused almost exclusively on poker. Mensch also wants to charge a $5 million licensing fee along with a 14% tax on gross gaming revenues.
PokerStars Buyer Will Begin Talks With New Jersey Casino Regulators to Enter Market
ATLANTIC CITY, N.J. (Associated Press) - A Canadian company buying the PokerStars website will begin licensing talks with New Jersey casino regulators aimed at letting the world's largest Internet poker site operate legally in the state, the state's top casino regulator said.
Dreyfus: Online Poker is Coming to California
In his blog this week, Alexandre Dreyfus of the Global Poker Index writes that California dreaming is about to become a reality with Amaya’s acquisition of PokerStars last week and the ability for the world’s largest online poker room to now re-enter the California market.
A number of the powerful state tribes have offered up resistance when in comes to allowing PokerStars to re-enter the US market. They claim an unfair playing field since Stars operated in the States long after federal prohibition had passed.
Adelson Under Fire: Underage Gamblers, $1 Mil Contribution to PA Politicians
Gambling911.com’s own Thomas Somach is on the case and tells us that in Pennsylvania, casino magnate and GOP mega donor Sheldon Adelson is under fire for questionable political donations as well as another fine being levied against his property for allowing underage gamblers....total fines $305,000!!!!
PokerStars, Asia Pacific Poker Tour Debuts Beijing Millions
PokerStars and the Asia Pacific Poker Tour will host the inaugural Beijing Millions, scheduled for July 18th to 27th. It is the first foray into the Chinese Mainland market for both PokerStars and the APT.
While rare, a sanctioned poker tournament is not unprecedented in China.
In 2012 and 2013, the World Poker Tour did hold a US$1,500 event in Sanya, on the Chinese island of Hainan.
World Cup Predicted to Set TV Records as Marketers Gear Up
The World Cup, the greatest single sport competition in international athletics, has the world riveted, and marketers are working overtime to get noticed on the world stage.
GTECH in Talks to Buy IGT
MILAN (Reuters) - Italian lottery operator GTECH is in preliminary talks to buy Las Vegas-based International Game Technology (IGT) in a cash and shares deal that would make it a significant player in the casino slot machine business.
GTECH said on Monday it had hired advisers to help it negotiate a deal, confirming what sources told Reuters last week. It gave no value for the potential bid.
Bitcoin Community Fears 51 Percent GHash Control: Others Say It’s Armageddon
On Friday for a period of nearly 12 hours, mining pool GHash had surpassed the 51% controlling share mark in the anonymous digital currency bitcoin and that has many watchers worried….perhaps with good reason.
Back in January GHash had 42% control and even then there were concerns mounting.
Golden Nugget Does Not Have to Pay $1.5 Million Won in Mini-Baccarat Game
ATLANTIC CITY, N.J. (Associated Press) - A casino does not have to pay $1.5 million won by a group of gamblers who realized the cards had not been shuffled, and can move to recover more than $500,000 it already paid them, a judge ruled Friday.
The Superior Court judge ruled that because the cards had been unshuffled, that made the game of mini-baccarat in April 2012 illegal under state casino rules.
Amaya Would Become Largest Online Gambling Company, Pave Way for California
With word that publicly traded Amaya Gaming Group has agreed to the $4.9 billion purchase of PokerStars.com, the company will become the world’s largest online gambling business. It will also potentially help to usher in legalized online poker for the state of California.
Amaya Agrees to Acquire PokerStars, Full Tilt Poker for $4.9 Billion
MONTREAL, CANADA & ONCHAN, ISLE OF MAN –Amaya Gaming Group Inc. (TSX: AYA) (“Amaya” or the “Corporation”) and privately held Oldford Group Limited (“Oldford Group”), the parent company of Rational Group Ltd.
New Jersey Sees Sharp Decline in Online Gambling During Month of May
(Associated Press) - Internet gambling has hit a wall in New Jersey just six months after launching.
Figures released today by the state Division of Gaming Enforcement show the casinos' online operations took in $10.4 million in May, a decline of $1 million from April. Internet gambling revenues have now declined for two straight months in New Jersey.
But there was some good news in the numbers: Including Internet gambling revenue, and excluding the Atlantic Club, which closed in January, the casinos' total revenue was up nearly 1.3 percent.
KordaMentha Accountants World Cup 2014 Prediction: Germany to Win it All
Australian investment firm KordaMentha forensic accountants crunched all the numbers and have arrived at a 2014 FIFA World Cup winner. That would be Germany with odds around 5/1 at AceSportsbook.com.
Alex Bell led their analysis using a system first developed to rate chess players.
William Hill Takes £400,000 Bet on Whether Scotland Leaves the UK
The United Kingdom’s largest bookmaker, William Hill, has offered odds on whether Scotland will leave the UK. The odds are a bit steep at 1-4 for Scotland to vote against independence.
One man, said to be English, has wagered £400,000 on the “No” with the payoff being £100,000. It is the largest political bet in William Hill’s long history.
NBA Finals Matchup is a PR Powerhouse Says 5WPR Founder in G911 Exclusive
After a difficult decade of ups and downs, the NBA Finals are once again must see TV.
Dubai Businessman Iraj Parvizi Sues Les Ambassadeurs Casino for Allowing Collusion
A Dubai-based businessman, Iraj Parvizi is suing London’s Les Ambassadeurs Casino for failing to prevent collusion and cheating in its establishment.
And the amount he is suing for?
£10,000,000.
The 48-year-old was a regular in weekly high stakes cash games held at the casino until he lost £185,000 in one session and refused to pay back for the chips he received on credit.
New Jersey Clarifies Online Gambling Affiliate Arrangements
The New Jersey Division of Gaming Enforcement has expressed the importance of affiliate relations to the growth of its state-run online gambling industry. On Tuesday, it sought to clarify the types of relationships and activity said affiliates can and cannot engage in.
IGT Seeking Sale: Shares Hit Five-Year Record High
News that International Game Technology (IGT) is potentially seeking a buyer resulted in shares reaching a five-year high on Monday. Morgan Stanley has been brought on to assess a sale of the slot maker’s business.
The shares rose 14 percent to $14.31 at the close in New York Monday, the biggest one-day gain since April 3, 2009. The stock had fallen 31 percent this year through June 6.
James Henderson Expected to Replace Outgoing William Hill CEO Ralph Topping
Online bookmaker William Hill is set to replace outgoing CEO Ralph Topping with the company’s current Director of Operations James Henderson, according to media reports that circulated over the weekend.
The firm downplayed rumors Monday morning, however, telling EGR Magazine they have yet to make a definitive decision.
Replacing Topping has been a priority for William Hill since announcing his retirement earlier in the year. He has been CEO of the UK’s biggest bookmaker since 2008.
Ifrah Law Wins Dismissal of Online Poker Trademark Infringement Suit
U.S. District Court applies Supreme Court’s Daimler v. Bauman ruling to narrowly define general jurisdiction
WASHINGTON - A federal court has dismissed a trademark infringement lawsuit against a foreign internet poker news site in a ruling that signifies a win for Internet businesses at large by narrowing the types of contacts that would confer general jurisdiction against these foreign companies.
BetFred.com Pulls Out of Germany, Canada, Most Other Markets Ahead of World Cup
Not the best timing as the FIFA World Cup is set to begin this week but BetFred.com customers from variously countries across the globe were advised this weekend they can no longer bet online with the company.
