Business & Financial
Las Vegas Sands Misses 1st Quarter Earnings: 34 Percent Drop in Profit
LAS VEGAS — (Associated Press) Las Vegas Sands Corp. CEO Sheldon Adelson said he knew what question was coming: when would the steady and steep decline in the world's most lucrative gambling market hit bottom?
A corruption crackdown that has shaken up the up-until-recently skyrocketing gambling business in Macau, China has sped swift drops in revenue and activity there.
English Sports Betting Head Dead
The long time CEO and Managing Director of one of the first offshore sports betting companies, English Sports Betting, has passed away.
Tom Lanford died from natural causes recently. He ran the long established company while it was based out of Jamaica during much of the 1990’s. Once a wealthy businessman, Lanford was living on the streets of Atlanta, homeless, at the time of his death at 53.
Yahoo! to Enter Daily Fantasy Sports Sector
Long established in the world of season-long fantasy sports, Yahoo! CEO Melissa Mayer announced this week that the multinational Internet corporation and search engine powerhouse will be entering the real money daily fantasy sports market this summer.
New Credit Card Merchant Number May Boost State Online Gambling Acceptance
Since New Jersey legalized online gambling in the Garden State over a year ago, one of the biggest obstacles has been the low acceptance rate of credit cards.
Many of the major banks have blocked nearly all forms of Web gambling transactions in recent years, failing to discern between "legal" (the NJ sector, fantasy sports, horse racing and state lotteries) and the "illegal".
Sportech Shares Rise on News of US Entry
Gambling group Sportech (SPO) gained 2.3% to 66.25p Tuesday on news its US racing subsidiary has been awarded a gaming licence in New Jersey.
Iowa Halfway Home in Legalizing Fantasy Sports, State Senator Tells G911
DES MOINES, Iowa -- In 2006, the U.S. Congress passed the Unlawful Internet Gambling Enforcement Act (UIGEA), crippling online wagering by making it illegal to use financial instruments such as credit cards to fund Internet betting.
TopBet Slow Payouts Complaints Blamed on Processing Issues
A series of slow payouts complaints related to three-year-old Manila-based online sportsbook TopBet.eu have begun filing in to the industry monitoring site SportsBookReview.com, prompting concerns from sports bettors. Update: April 25, 2015 - Some affected players report receipt of payments
PokerStars Parent Company Rational Group Appoints Zynga Exec
The parent company of the world’s largest real money online poker room has hired an executive of the world’s largest free-to-play online poker site.
Global Sports Betting Worth $3 Trillion, Most of it Illegal
(AFP) - The global sports betting market is worth up to $3-trillion, the vast majority of that generated by illegal gambling, a United Nations conference on crime being held in Doha heard on Wednesday.
Patrick Jay, a British-based independent betting expert, said around 65 per cent of that global figure was spent on football betting, with the Asian market the centre of sports gambling.
Magnus Hedman the New Man Behind the Curtain at Pinnacle Sports
SBC News has revealed that Touchbet ltd and Sporting Index owner Magnus Hedman is the new majority shareholder in Pinnacle Sports, once among the biggest online sportsbooks catering to North America. The company pulled out of the US market in 2007, opting instead to focus on Europe and Asia.
World Exclusive: Live In-Game Wagering Comes to Daily Fantasy Sports
The inventor of the world's first live in-game sports betting system for Las Vegas casinos has now invented the world's first live in-game system for sports fantasy, Gambling 911 can reveal in a world exclusive report.
Barry Mindes, an 83-year-old engineer from New York who now lives in South Florida, created the SportsXaction betting system in the mid-1990s.
SportsXacton, which debuted at the Excalibur casino in Las Vegas, allowed bettors to wager on every pitch of a baseball game while the game was in progress.
Real Money English Premier League Fantasy Contests Debut With FantasyGol
Gauatemala City-based FantasyGol announced on Wednesday the launch of its new pay-to-play real money English Premier League fantasy contests platform they hope will take the industry by storm.
This past fall FantasyGol teamed up with Rochester, New York-based Flower City Gaming, the operators behind Star Fantasy Leagues, in an effort to provide the ultimate daily and weekly fantasy sports experience.
666Bet.com Back Peddling on Payout Promise: ‘We Can Only Pay When Back Online’
Beleaguered 666Bet.com issued a statement on Tuesday informing its customers they can only pay if back up and running online. This comes after assurances the company would refund customers once its licensing authority gives the green light.
Atlantic City Finally Sees Revenue Increase
ATLANTIC CITY, N.J. (Associated Press) -- Atlantic City's eight casinos saw their revenue increase by 2.3 percent in March, compared to a year ago.
But when the four casinos that shut down last year are included in the comparison, the city's gambling revenue was down 12.6 percent.
Figures released Tuesday by the state's Gaming Enforcement Division show the eight surviving casinos took in $203.8 million in March, compared to the $199.2 million they won in March 2014.
Fears Mount as 666Bet.com Players Not Getting Paid
Officials at beleaguered online gambling firm 666Bet.com sought to calm customer fears Monday that they will not be getting paid. The company shut down abruptly last night after its Director was arrested on money laundering charges.
Since that time, 666Bet.com customers have had little success accessing their funds.
The company issued this statement Monday:
Louisiana Mulls Over Daily Fantasy Sports Legislation
Louisiana has become the latest state to consider a measure fully legalizing daily fantasy sports for real money.
While not explicitly illegal in Louisiana, State Representative Joseph Lopinto wants his bill to clarify that daily fantasy sports is not gambling.
“We’re not betting on the outcome of a game or a point spread. Fantasy football is a game of skill,” Lopinto said.
Tournament Directors Association Summit Forced Out of Adelson-Owned Venetian
The 2015 Tournament Directors Association Summit has abruptly relocated from the Venetian to the Aria following a public backlash.
PokerStars Parent Company Amaya Trading Probe Details Emerge
Parent company to the world’s largest online poker site PokerStars, Amaya Gaming has reportedly been the subject of a probe by the Quebec securities regulator Autorité des Marchés Financiers (AMF).
Atlantic City’s Revel Casino Gets Second Life
ATLANTIC CITY, N.J. — (Associated Press) - Revel, the multibillion-dollar resort bust that was once widely viewed as the potential savior of Atlantic City’s struggling casino industry, is getting a second chance as part of a Florida developer’s ambitious plan to remake the East Coast gambling resort into a destination for bettors and tourists alike.
No Resort Casinos Coming to Florida as Bid to do so Ends
TALLAHASSEE, Fla. — (Associated Press) - A push to bring Las Vegas-styled resort casinos to South Florida is once again being rejected by the state Legislature.
The idea was a long shot from the start, but a top House Republican on Tuesday filed a revamped gambling proposal that drops any mention of casinos.
Breaking News: Americas Cardroom Takes Over No. 2 Spot in Traffic
In an exclusive to Gambling911.com, Americas Cardroom has unveiled a press release it is sending out Wednesday confirming it has taken over the number two spot in terms of North American-facing traffic.
PokerStars to Enter Daily Fantasy Sports Market by Start of NFL Season
It may be one of the worst kept secrets that online poker sites in recent months have been looking to expand their product base by offering daily fantasy sports contests.
Hence, it shouldn’t come as a shock that PokerStars, the world’s largest real money Web card room, has announced its plans to begin offering daily fantasy sports by the start of the 2015 NFL season.
Connecticut Casinos Stand to Lose $570 Million
HARTFORD, Conn. (AP) — The Native American tribes proposing to build new casinos in Connecticut released a report Monday that says new facilities in New York and Massachusetts, if left unchecked, will siphon away $570 million annually in gambling revenue.
The leaders of the Mohegan Tribe and the Mashantucket Pequot Tribal Nation said they were not surprised by the forecast, but they hope the report they commissioned will help inform others including the governor, who has been noncommittal about his position on opening more casinos.
Full Tilt Poker Takeover of PokerPages.com Leads to Google Disaster
Full Tilt Poker took over what they probably believed to be an excellent SEO-entrenched vehicle, PokerPages.com. While the purchase reportedly took place over a year ago, PokerPages has remained untouched during that time….and probably with good reason.
Amaya Outlines Future Plans for PokerStars
(Reuters) - Amaya Inc, which recently acquired online gambling sites PokerStars and Full Tilt, reported a near eight-fold rise in quarterly adjusted earnings on Tuesday, and outlined plans to seek a secondary listing on the Nasdaq.
The Montreal-based company said it plans to win new clients and supplement growth from its core poker business through expansion into other areas such as sportsbetting, social gaming and fantasy sports.
Las Vegas Drags Down State Overall Gambling Numbers
LAS VEGAS — (Associated Press) - Nevada's casinos won $916 million in February, but it was less than they won a year ago and still a ways from the state's more than $1 billion winning high-point two years ago.
The Las Vegas Strip lagged, dragging down the state's overall numbers.
The Nevada Gaming Control Board released its latest statistics Tuesday. They showed the amount casinos won from gamblers rose everywhere except the Strip, where winnings declined 4.38 percent to $531 million.
Nevada Lawmakers to Soon Decide on Academy Awards, Olympics Betting
LAS VEGAS, Nev. – (Associated Press) - Olympic fans visiting Nevada during the 2016 games in Rio de Janeiro might get to do something that hasn't been done in Sin City for years: Make a wager on who wins a medal.
Whether its archery or synchronized swimming, a casino operator and several sports books are lobbying Nevada gambling officials to allow betting on the Olympics.
They also want a change in the law that could allow bets on nonsporting events such as the Academy Awards, the most valuable player in Major League Baseball, or even "American Idol."
Casino Gambling in Japan Suffers Another Blow as Bill to be Delayed
(Reuters) - Prospects for legalising casino gambling in Japan suffered another blow on Monday as proponents said they would delay a bill allowing "integrated resorts", as the ruling coalition remains divided on the controversial measure.
Pro-casino lawmakers had said last week they would resubmit a previously failed bill by Tuesday, the end of the fiscal year. But they backed away from that plan on Monday as efforts continued to get the backing of the junior partner in Prime Minister Shinzo Abe's coalition.
Participants, Organizers Talk First Ever Daily Fantasy Sports Expo (Video)
The first ever Daily Fantasy Sports Expo has an entire industry excited. Hundreds of company executives, investors, attorneys and players will be congregating in sunny South Beach this August 6-7 to take part in this event.
Gambling911.com is a premiere sponsor and promoter for the event with Publisher Chris Costigan discussing the importance of attending for those who have even the slightest interest in Daily Fantasy Sports.
Just How Big is Daily Fantasy Sports: Researchers, Numbers Crunchers Reveal All
ANAHEIM, Calif. -- There's an explosion of fantasy sports leagues in the USA right now, and with that explosion comes the need to track the trends that fuel it.
That's where Eilers Research, LLC comes in. (They will be appearing at the first ever Daily Fantasy Sports Expo in Miami Beach this August 6-7, 2015.)
