Business & Financial

Gambling Industry Not Recession Proof We Learn

The top story in 2008 according to, the thinking that the casino industry is "recession proof" is no longer true and, unfortunately

Submitted by Jagajeet Chiba on, Dec/23/2008

Tel Aviv Online Gambling Firms Thrive During Economic Woes

Casino Affiliate Convention organizer, Marc Lesnick, says the Tel Aviv online gambling scene is thriving despite a troubled economy.

Submitted by C Costigan on, Dec/18/2008

Sportingbet Trading in Line Since First Quarter

LONDON, Dec 12 (Reuters) - Online sports betting company Sportingbet (SBT.L: Quote,

Submitted by Guest on, Dec/12/2008

Paddy Power Next Airline To Go Bust Ad Doesn’t Fly

The Advertising Standards Authority in the United Kingdom has grounded an ad by Internet gambling powerhouse Paddy Power, which it claims discredits the airline industry. Paddy Power, Ireland's largest bookmaker and a sponsor of the website, had been offering odds on which major commercial airline would go under next.

The Paddy Power press campaign, which ran in national newspapers, used the headline "Next airline to go bust?".

Submitted by Jagajeet Chiba on, Dec/10/2008

Hamdemonium Betting This Christmas Time?

It sounds like a storyline from the movie "Aporkalypse Now' as hamdemonium continues to spread across the Irish food industry.

Submitted by Payton on, Dec/09/2008

Mediacom Grabs £10million Sportingbet Ad Account

And the winner is....Mediacom.  The media buyer has been tasked with handling media for the company's website brands such as

Submitted by Jagajeet Chiba on, Dec/09/2008

Cantor Gaming: More Mysteries Abound

Another chapter in the successful yet tragic story of Cantor Fitzgerald closed last week. Or did it?

Cantor Gaming, a well known name in the online gambling realm, recently notified its users that it is determined to cease ‘providing services to retail customers' which turned with closing Cantor and Red Lounge while remains operating.

Submitted by C Costigan on, Dec/04/2008

Bookie Offers Odds on Aer Lingus Ryanair Shares

The odds of the Irish government selling its shares in flagship carrier, Aer Lingus, to one of Europe's biggest low fare airlines, Ryanair, were set at 5-2 at

Submitted by Jagajeet Chiba on, Dec/04/2008

Online Gambling Cheaper Than Going Out to The Pub

One of the reasons online gambling is not witnessing much of a decline during this troubling economic downturn: It is an entertainment which can be a lot cheaper than going out to a restaurant or t

Submitted by Jagajeet Chiba on, Dec/04/2008

Mumbai Massacre Means End to Cricket Betting

Cricket events between Pakistan and India have been cancelled following the events that unraveled in Mumbai last week.

Submitted by Alistair Prescott on, Dec/02/2008

Did 60 Minutes Story Help Absolute Poker, Online Poker Rooms?

Maybe websites like are all too caught up in the online poker scene to really understand the true impact of Sunday evening's 60 Minutes segment pertaining to the much talked about A

Submitted by C Costigan on, Dec/02/2008

PartyGaming Profits Continue to Decline

As world economies continue to slide downward, the trend has carried over into the finances of online poker companies as well.

Submitted by Guest on, Nov/25/2008

Gamblers Go Heavy On Dow Closing Much Higher Following Citi Group News

Gamblers at online prediction market were betting heavily that the Dow would close more than 25 points higher than Friday's close following news th

Submitted by Jagajeet Chiba on, Nov/24/2008

Casino Gambling in Atlanta? Not So Fast

With the US economy in a tailspin, what better time to bring casinos to Atlanta than now?

Submitted by Jagajeet Chiba on, Nov/24/2008

Downey Bank Finally Goes Down For The Count: Who’s Next?

So far the online prediction markets have been fairly accurate in their offering related to the next bank closure. 

Submitted by Jagajeet Chiba on, Nov/23/2008

Netherlands Banks Reject Call to Police Online Gambling Transactions

The Netherlands Bankers Association (NVB) this week rejected the idea that they would be able to police transactions used for the purpose of online gambling.  The NVB told Justice Minister Hirsch

Submitted by C Costigan on, Nov/21/2008

Charity Poker Helps Wall Street Employees Overcome Economic Doom

Leave it to the game of poker to help erase the concerns over a current economic crisis gripping much of the world.


Submitted by Guest on, Nov/20/2008

Gambling Business Won’t be The Same for Years to Come

LAS VEGAS (AP) -- Executives at top casino companies said Wednesday that the gambling business won't be the same for years to come, with operators and manufacturers shifting to focus on properties

Submitted by Guest on, Nov/19/2008

In The Last Recession, Online Gambling Did Not Exist

This recession will prove a test for the online gambling sector, which is already showing some signs of adverse affect though they are not getting hit nearly as hard as many other industries.

Submitted by C Costigan on, Nov/19/2008

Quarterly Revenues Stagnant at PartyGaming: Still in Talks With US

PartyGaming is blaming gains in the U.S.

Submitted by C Costigan on, Nov/19/2008

Paddy Power on Track to Record Operating Profits

Bookmaker Paddy Power has said it is on track to record operating profits of around €75m for this year, in line with its previous outlook.

Submitted by Guest on, Nov/18/2008

Think AIG is Bad? HBOS Bank Execs Caught in Sordid Drug Fueled Orgy

American is outraged these days by the antics of AIG Insurance, accused of spending parts of their government bailout on expensive junkets and God only knows what else.  But compared with the exec

Submitted by Jagajeet Chiba on, Nov/15/2008

Asia Casinos Could Suffer Severely With Economic Downturn

Forget the idea that gambling is "recession proof".  Las Vegas was among the first to start reporting drastically declining revenues and layoffs long before any "Wall Street Bailout

Submitted by Guest on, Nov/14/2008

Barney Frank Asks Bernanke, Paulson to Stop Online Gambling Policies

Congressman Barney Frank, Chairman of the House Financial Services Committee which oversees housing and banking industries, has written two letters to both Federal Reserve Chairman Ben Bernake and

Submitted by C Costigan on, Nov/10/2008

Las Vegas Sands Plunges on Default, Bankruptcy Risk

Nov. 6 (Bloomberg) -- Las Vegas Sands Corp., billionaire Sheldon Adelson's casino company, plunged in New York trading after saying it may default on debt and face bankruptcy.

The casino owner, which had $8.8 billion in long-term debt at the end of June, said in a regulatory filing today that it probably won't meet the requirements of some loans unless it cuts spending on development projects, boosts earnings at its Las Vegas Strip casinos and raises more capital.

Submitted by Guest on, Nov/06/2008

Boycott Papa John’s, Pizza Hut? Is Kentucky Really The Pizza Capital?

One interesting "fact" that has come out of the debacle involving Kentucky's decision to seize 141 online gambling domains, we have discovered that the Kentucky - of all places - is the p

Submitted by C Costigan on, Nov/03/2008

Ron Paul On The Economy And Why The Bailout Was Bad Idea Senior Correspondent, Jenny Woo, had a chance to sit down with Republican Congressman, Ron Paul, to discuss his efforts in trying to legalize online gambling.  But Dr.

Submitted by Jenny Woo on, Nov/03/2008

Australia Bookies Not Hurt Yet By Sagging Economy

THE global economic crisis is not preventing Australian punters from having a flutter on the country's biggest horse race, the Melbourne Cup, according to bookmakers who spoke with the Australian n

Submitted by Guest on, Nov/02/2008

Bermuda Mulls Online Gambling Option

The Bermuda government has suggested it is interested in entering the multi billion dollar online gambling industry, but at what price?

Submitted by Jagajeet Chiba on, Oct/30/2008

William Hill Price Cut On Gambling Fears

LONDON (SHARECAST) - Concerns over the future of the highly lucrative fixed-odds betting terminals has contributed to US bank slashing its target price for bookie William Hill.

There is evidence to suggest that the betting terminals are a contributory factor in gambling addiction, and with a Gambling Commission report due to be published next year, Citigroup believes there is a danger they may be banned from betting shops.

The Commission could also contemplate an increase in machine gaming duty.

Submitted by Guest on, Oct/28/2008

Breaking News

Is NYC Really Getting a Casino?

Is NYC Really Getting a Casino?

New York City could become the next Las Vegas.  New York Governor Kathy Hochul on Tuesday proposed a $216.3 billion budget that would bring casino gambling to the Big Apple.

Why The 49ers Might Not Cover The Spread Against The Packers

Why The 49ers Might Not Cover The Spread Against The Packers

The Packers are 11-1 Against The Spread in their last 12 games following a Straight Up loss.

Why The Packers Might Not Cover The Spread Against The 49ers

Why The Packers Might Not Cover The Spread Against The 49ers

The Green Bay Packers host the San Francisco 49ers Saturday in a Divisional Playoffs game with the line set at Packers -6.  That spread may be too much considering how well San Francisco has played of late.  Here are some reasons why Green Bay might not cover the 5-point spread.