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.
William Hill Bookmaker Under Investigation: Denies Unlawful Activity
Britain’s biggest bookmaker, William Hill, has voluntarily suspended one of its call centers following the launch of an investigation into alleged unlawful activity.
The Philippines National Bureau of Investigation will conduct the probe at the Manila center.
The bookmaker insists it has not engaged in any unlawful activities.
Bout of Bad Luck, Boosted Revenues Cause Betfair Share Price to Rise
A 22 percent revenue increase to £119m helped share prices rise nearly 3 per cent to £12.46 in early trading on strong second-quarter results.
Much of the rise in revenue directly correlated with strong World Cup results favoring the bookmaker though its active customer base also rose 30 per cent.
Breon Corcoran, Betfair's chief executive, suggested the firm’s focus during the second quarter had been on "maintaining this momentum".
Equity Poker Network Cuts Ties With 5Dimes.com
San Jose, Costa Rica - As EquityPokerNetwork.com (“EPN”) is only days away from its first anniversary of real-money gaming, it is also enjoying a phase of new maturity, as it better understands its own recreational player base and what makes for a great union between Network and Operator. This self-awareness brings today’s announcement that the EPN and the 5Dimes Group have ended their business relationship, effective immediately.
Borgata Revenue Increases Nearly 5 Percent in Third Quarter
ATLANTIC CITY, N.J. (Associated Press) — The Borgata's revenue increased by nearly 5 percent in the third quarter of this year, and it increased its share of Atlantic City's gambling market to 24 percent.
The figures were released Thursday by the casino's parent company, Boyd Gaming.
Company president Keith Smith says earnings before interest, taxes and other charges were $56.9 million in the third quarter, up more than 22 percent from a year ago.
The Borgata benefited from a tax settlement with the city of Atlantic City that contributed $8.1 million to earnings.
MGM Posts Narrower Losses
(Reuters) - MGM Resorts International posted weaker-than-expected bottom-line results for the third quarter, injure by lower revenue at its China operations.
Shares fell 3.9% to $22 in recent premarket trading. The company has seen traffic increase at its Las Vegas hotels and casinos and has generally done well in Macau. Beyond these core markets, MGM Resorts, like its rivals, is looking to broaden its market in to Japan following momentum in the country toward legalized gambling.
The Rise of Vegas, Fall of Macau: Wynn Latest to Report Shifting Tide
LAS VEGAS (Associated Press) — Las Vegas was good to Wynn Reorts Ltd. in the third quarter but not enough to make up for a stormy three months in Macau.
Wynn reported Tuesday that the company's revenue dropped 1.4 percent to $1.37 billion in the quarter as gains in Vegas were offset by a decline in Macau, its biggest market.
The company's net income rose about 5 percent on lower expenses to $191.4 million or $1.88 per diluted share, and adjusted earnings per share of $1.95 met Street expectations, according to a survey by FactSet.
Nevada Sportsbooks had Their Third Best Month Ever: NJ Left Out in the Cold
Nevada sportsbooks raked in $37.27 million from $339.1 million bet during the month of September, making it the third best month in amount won and wagered for the books according to the Nevada Gaming Control.
The sportsbooks enjoyed nearly an 11 percent hold on College Football and NFL bets.
"Sports betting is on a roll," said Nevada Gaming Control senior research analyst Michael Lawton.
Full Tilt Poker Claims Admin: ‘Provide Your Correct Social Security Number or Else’
You’ve been warned, provide the correct social security number with your Full Tilt Poker claim or face being denied a refund.
The Garden City Group serves as claim administrator on behalf of the U.S. Government in order to facilitate payouts to those owed monies by Full Tilt after they were forced to exit the American market in April 2011.
Millions of dollars were owed to customers of Full Tilt Poker and, to date, the process of repayment has gone smoothly for the most part.
From the Garden City Group:
Lesniak Blames Credit Card Firms for Online Gambling’s Lackluster Performance in NJ
New Jersey State Senator Raymond Lesniak, speaking via Skype at the Mobile and Tablet Gambling Summit USA at Bally’s on Monday, said he still has great hopes for Internet gambling in New Jersey but blamed credit card processing banks for stymying growth.
Atari Enters Social Gaming, Casino Space With Atari Jackpots
New York – Atari®, one of the world's most recognized publishers and producers of interactive entertainment, in partnership with FlowPlay, a leader in virtual world games and technology and the creators of Vegas World, today announced the launch of Atari Jackpots™.
Nevada Gambling Revenue Fell 6 Percent in September
LAS VEGAS — (Associated Press) - State officials say Nevada gambling revenue fell 6 percent in September from the same time last year.
The Nevada Gaming Control Board reported Tuesday that casinos brought in $902 million last month.
Las Vegas Strip gambling revenues were down 12 percent to $495 million, while downtown revenues were down 4 percent to $43 million.
Reno casinos won $48 million in September, which is down about 2 percent year-over-year. South Lake Tahoe gambling revenues of $24 million bucked the trend and were up 7 percent over last year.
Ivey Poker Bites the Dust
The social poker site Ivey Poker (IveyPoker.com) has shut down this week a little over a year after launching.
Fantasy Basketball: Questions About Legality Remain
Fantasy Basketball in the US is legal under federal law but that doesn’t mean your individual state permits it.
With Fantasy Basketball getting into full swing over the next few days, questions about its legality will surely arise.
One need only look at the gambling industry to understand why federal vs. state law does matter.
Taj Mahal Workers Furious Over Icahn Plans to Save Casino
ATLANTIC CITY N.J. (Reuters) – Hundreds of unionized workers lashed out at Carl Icahn on Friday, picketing the Trump Taj Mahal Casino where the billionaire activist seeks to terminate health-care and pension plans.
Members of UNITE HERE Local 54 picketed the Atlantic City casino a week after bankruptcy court approved a $US100 million plan by Icahn, who holds the mortgage to the property, which hinges on benefit cuts and tax concessions from city and state governments.
PokerStars Foreign Exchange Margin has Players Fuming
Following Gambling911.com’s report that PokerStars parent company Amaya may be preparing to make drastic changes to its business model, the company wasted zero time in imposing a foreign exchange margin for deposits and withdrawals, much to the dismay of long time loyal customers.
Taj Mahal Closing in Atlantic City ‘Inevitable’ Says Icahn
ATLANTIC CITY, N.J. (Associated Press) — Billionaire investor Carl Icahn says the struggling Trump Taj Mahal casino "will almost certainly close."
Ladbrokes Sees 94pc Jump in Profits
Ladbrokes has been struggling to keep pace with market leader William Hill in the growing online gambling market and Glynn's position has appeared under threat.
The impact of the football World Cup helped to boost operating profit to 33 million pounds in the three months to the end of September, almost double the equivalent figure of 17 million in 2013.
"The changes and the investments we made in the business are starting to be reflected in the results," Glynn told Reuters, saying the company was "on track" for full year targets.
The End of PokerStars, Full Tilt Poker as We Know It?
News this week that Full Tilt Poker has opted not to renew the contracts of big name pros Gus Hansen and Viktor Blum may provide a glimpse of the future for FTP and its sister site PokerStars.com.
Fantasy Sports Propels NFL to Record Ratings: Has Become a Cultural Phenomenon
ANAHEIM HILLS, Calif., Oct. 20, 2014 (GLOBE NEWSWIRE) -- Eilers Research, LLC has announced the publication of an in-depth white paper titled: "Daily Fantasy Sports: The Future of US Sports Wagering?" The report, authored by Adam Krejcik, Managing Director of Digital & Interactive Gaming, takes a comprehensive look at the financial health of the Daily Fantasy Sports market, as well as an analysis of the competitive landscape and expected industry growth through 2020.
Japan Casino Plan to be Delayed Further
TOKYO (Reuters) - Japan's plan to legalize casino gambling is likely to be delayed yet again, a senior official said, dealing a new blow to Prime Minister Shinzo Abe and a setback to operators anxious for the launch of Asia's next big gambling market.
Las Vegas Sands, Genting Singapore, MGM Resorts, Melco Crown Entertainment and others are waiting in the wings as potential investors in what analysts say is one of the world's biggest untapped markets, worth tens of billions of dollars a year.
DraftKings Partners With New England Patriots: First Deal of its Kind in NFL
The popular daily fantasy sports site Draftkings.com has partnered with the New England Patriots. The partnership is a first for any professional football team with an organization operating in daily fantasy sports and it was inked just hours before Thursday night’s game against the Jets.
Sportsbook Review – GTBets.com – Bonus Code
Gambling911.com has your sportsbook review for GTBets.com, also known as Game Time Bets. Please note that at this time the universal sportsbook bonus code of G911 cannot be applied at GTBets.com.
Come Meet the Folks From Winning Poker Network in Barcelona for BAC
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Sports Betting Bill Approved by New Jersey Assembly
(Associated Press) - State lawmakers passed legislation Thursday that could allow legal sports betting in New Jersey to move forward.
The Assembly passed a measure that was overwhelmingly approved earlier this week in the state Senate. It’s aimed at helping the state’s foundering casino and racetrack industries, and would partially repeal prohibitions against sports wagering in the state.
Real Money Candy Crush Coming to NJ: Video Gaming Addiction Specialists Cringe
Candy Crush Saga is the uber popular social gaming platform that now rivals what Farmville had been a few years ago. And now Candy Crush is coming to Atlantic City to save the day. That resort town has lost more than a quarter of its land-based casinos in the past year as the gambling landscape continues to shift with the times.
Rochester NY Rivals Silicon Valley as New Tech Epicenter, Fantasy Sports Hub
In an interview conducted with Gambling911.com’s own Thomas Somach this week, Seth Young, COO of Star Fantasy Leagues, revealed neither he nor the two co-founders have any intention to move their thriving fantasy sports business out of Rochester, New York, calling the city “
Las Vegas Sands Revenue Drops but Profit Grows
Las Vegas – (Associated Press) - International gambling destination Macau continued to pose a challenge for casino giant Las Vegas Sands Corp. in the third quarter.
But as high-roller gamblers eased back there, they shelled out at the company’s Marina Bay Sands resort in Singapore where the casino’s win-per-day climbed to $4.82 million.
The company also pointed to increased spending on entertainment, retail shops and hotel rooms beyond the casino floors.
