Business & Financial
Las Vegas Sands Corp Beats Profit Expectations for 2014 Q1
LAS VEGAS (Associated Press) -- Casino giant Las Vegas Sands Corp. said its first-quarter net income rose 36 percent due to a strong performance in Macau, the world's largest gambling market.
Billionaire CEO Sheldon Adelson said Thursday that the company delivered growth in every sector of business in Macau, and reported that plans to add thousands more hotel rooms are on budget and on schedule. He predicted demand in the enclave, the only place in China where gambling is legal, would not be satisfied anytime in the foreseeable future.
Churchill Downs Boycott Could Provide Wakeup Call as Execs Stuff Their Pockets
While it may not scare the masses away from next week’s Kentucky Derby, a call to boycott Churchill Downs could prove effective thereafter.
Jacob’s Family Has ‘Gambling’ Obstacle Standing in Way of Buffalo Bills Purchase
ESPN.com on Wednesday reported that the family involved with helping to find the Buffalo Bills a new owner hasn’t ruled out buying the franchise themselves. The Bills previous owner, Ralph Wilson, died last month.
Jeremy Jacobs Jr., the son of Boston Bruins owner Jeremy Sr., is engaged in discussions related to the franchise's future. The Jacobs, one of Buffalo's wealthiest families, would most certainly want the Bills to stay put.
IGT Net Income Down 67 Percent as Slot Sales Decline
LAS VEGAS (Associated Press) — Gambling equipment manufacturer International Game Technology said its net income fell 67 percent as sales of slot machines declined and the company faced competition from smaller vendors.
Shares fell $1.45, or 10 percent, to $12.62 Wednesday.
PokerStars and Top Tribe Agree to Offer Online Poker in California
Sacramento, CA - The Morongo Band of Mission Indians, California’s (and the world’s) three largest card clubs – the Commerce Club, the Hawaiian Gardens Casino and the Bicycle Casino – and The Rational Group, which owns and operates PokerStars, announced today that once California enacts legislation authorizing intrastate online poker, PokerStars will serve as the subcontractor providing the online poker platform and related services for a real-money online poker website to be licensed, owned and operated by an entity owned by the Tribe and the card clubs.
Marc Pincus Steps Down From All Operational Roles at Zynga
The social gaming giant Zynga founder Marc Pincus has stepped down from all operational roles saying ““Ultimately a Ship Is Better With One Captain”.
The announcement was made on Wednesday. Pincus will assume the role of company Chairperson.
Pincus stepped down from his CEO position last year.
WPT World Championship Atlantic City 2014 Numbers Are In: $1.3 Mil to the Champ
328 entries, $4,852,400 in prize money, to 36 spots will pay cash and $1,310,146 goes to the winner of this year’s WPT World Championship currently taking place in Atlantic City after 11 years in Las Vegas. The event is expected to provide the struggling seaside gambling resort with a significant economic jolt.
ASA Says Paddy Power ‘Made Joke’ Out of Domestic Violence, Mocked Amputees
The Advertising Standards Authority (ASA) has banned Irish online bookmaker from ever promoting bets on the Oscar Pistorious trial.
Spirit Air Lines Thanks the 99.99 Percent of Its Flyers Who Didn’t Complain
Spirit Air Lines, a prominent carrier at both the Las Vegas and Atlantic City international airports, is thanking its 99.99 percent of flyers who didn’t complain. A recent report that suggests the ultra low cost carrier is the “most complained about airline”.
Mafia Boss Dire Warning: ‘Fellow Mobsters Might Have to Get Real Jobs to Survive’
Mafia bosses this week sounded the alarms that money in their respective criminal enterprises is starting to run out and younger members may have to (gulp) “get real jobs in order to survive”.
This comes after jailed Cosa Nostra boss Giovanni Di Giacomo was secretly recorded complaining that protection and extortion rackets weren’t as lucrative as they once were.
Deadwood Commissioners Fear Turning Gambling Town Into ‘Party City’
DEADWOOD — (Associated Press) - Commissioners in the western South Dakota gambling town of Deadwood have voted against allowing open containers of alcohol on Main Street during weekends.
The Rapid City Journal reports that the Monday night vote was 3-2 against the measure, despite recommendations by the city’s chamber of commerce and its independent business club that there be a 30-day trial.
Casino general manager Peter DeMangus said allowing people to roam the downtown area with beers in hand would create atmosphere.
Dreyfus on iGaming: ‘Not About Whether You Are Going to Eat Someone or Be Eaten’
Alexandre Dreyfus, founder of Chili Poker and now the head of the Global Poker Index, is celebrating his 10th year in online gambling and Gambling911.com would like to take this time to congratulate him as this is no small feat. After all we have seen countless numbers of "executives" come and go during this time.
Prior to ten years ago, the Frenchman had never bet online. One could argue he is among the industry’s most successful businesspeople and certainly a pioneer when it comes to online poker.
New Milwaukee Bucks Owner ‘Close Friend” to Alleged Russian Mobster
The Milwaukee Bucks are being sold and one of the new owners enjoys a “close friendship” to with a 27-year-old Russian who was among the 34 people charged nearly a year ago today in connection to a high-stakes poker game at the Carlyle Hotel and in Hollywood with alleged mob ties. One of those arrested operated an art gallery within the hotel.
World Poker Tour Championship Event Gets Underway in Atlantic City
(Associated Press) - After 11 years in Las Vegas, the championship event of the World Poker Tour is underway in Atlantic City.
The Price Per Head Revolution - By Way of WagerHome
We all know that sports betting is one of the most popular gambling-related activities in the world, and it is certainly one of the drivers for the boom in sports of all kinds in the United States.
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Tropicana Online AC Casino Revenue Up $1.9 Million in March for Biggest Gain
Tropicana and its iGaming partner Gamesys (VirginCasino.com) witnessed a revenue increase of $1.9 million during the month of March, comfortably placing the group 3rd behind market leader PartyPoker and Ceasars.
One Year After WSEX Owner Suicide Players Still Hold Out Hope to Get Paid
This weekend marked the one-year anniversary of World Sports Exchange co-founder Steve Schillinger's death by suicide. One of the first online sportsbooks, WSEX.com owed well over a million dollars to customers at the time of Schillinger’s death.
Gibraltar Easter Day Explosion Halts Online Bets for Sunday Sporting Events
William Hill, BetFred and Ladbrokes were just three of the big name online bookmakers that operate from Gibraltar where an early afternoon generator fire and subsequent explosion knocked each of these businesses offline.
Massive Explosion Brings Down PartyPoker, Ladbrokes, William Hill Sites
An explosion in Gibraltar has resulted in Gibtelecom service disruptions and down time at the popular poker sites PartyPoker along with other online sports betting companies including Stan James, Ladbrokes and William Hill. Some of the biggest names in online gambling operate from Gibraltar. *Just a quick correction, we initially reported that PokerStars had been affected, however, they operate out of the Isle of Man and were not impacted by the explosion.
Pay Per Head Sports Betting Software: The Real Bookies Benefit
God only knows there are several dozen Pay Per Head software platforms out there. You can check out the endorsed pay per heads right here on the Gambling911.com website.
Borgata, Phil Ivy Remain Mum Over Cheating Allegations, Lawsuit
Neither the Borgata Casino or poker pro Phil Ivey have commented on a lawsuit filed by the property last week accusing Ivey of cheating at their baccarat table.
And the Borgata won’t be commenting any time soon.
Bwin.Party Shares Up Nearly 2 Percent on News of Potential Shakeup
Bwin.Party shares were up 1.97% (124.00) Thursday following news that activist investor Jason Ader looked to shake things up on the board.
Unibet Pulls Out of Russia One Month After Being Placed on Black List
Malta-based Unibet has opted to cease taking new Russian poker players and online gamblers one month after the company was placed on a country “black list”.
Jason Ader Activist Investor Taking on Bwin
New York based hedge-fund investor, Jason Ader, well-known t o Gambling911 readers from his earlier victory over IGT was featured in the worldwide media today for his announcement that he intends to propose for election four new independent Directors to the Board of BPTY at the forthcoming Annual General Meeting of BPTY.
Atari Enters Real Money Online Gambling Arena
(Associated Press) - Atari, the maker of classic video games like "Pong" and "Centipede," is about to make things a bit more interesting for players.
The company said Tuesday that it is getting into real-money gambling through a partnership with gambling company Pariplay.
Pariplay will launch Atari's brands across a number of social, online and mobile platforms. This includes a website with real-money gambling on some of Atari's arcade classics, like Centipede, Asteroids and Pong.
The launch is slated for the fourth quarter.
Borgata to Pay Out $1,721,805 to Affected Players in Chip Scandal
The Borgata Casino will pay out $1,721,805 to those affected by a scandal earlier in the year in which fake chips were detected during the Borgata Winter Open.
Baseball Hall of Famer Brooks Robinson Suing Seminole Hard Rock for $10 Mil
Major League Baseball Hall of Famer Brooks Robinson has filed a lawsuit against the Seminole Hard Rock Hotel & Casino for $10 million following a six foot plunge off an unsecured stage at the establishment two years ago.
The 76-year-old former Baltimore Orioles player has suffered permanent injuries as a result of the fall.
Atlantic City Casinos Bring in 15 Percent More From Online Gambling in March
(Associated Press) - New Jersey casinos brought in 15 percent more from online gambling in March over the previous month, but it wasn't nearly enough to offset the diminishing revenue from Atlantic City's long-struggling brick-and-mortar casinos.
Why Billionaire Sheldon Adelson Doesn’t Have Enough Money to Stop Online Gambling
Slate featured an article Monday morning suggesting that casino billionaire Sheldon Adelson does not have enough money to stop Internet gambling.
32Red Sign Rangers FC Shirt Sponsorship Deal but Shares Slump on Day’s Trading
Online gambling firm 32Red announced Monday a new shirt sponsorship deal with the Rangers Football Club, which will run the course of three years.
Despite the good news, shares in the company dipped 6% on the day’s trading. It was not immediately clear what caused the slump.
Ed Ware, Chief Executive Officer, said: "We are delighted to be working with Rangers Football Club and look forward to being part of the continued rise and return of the Club.
