Business & Financial
NATIXIS Issues ‘Buy’ Rating for Gambling Powerhouse William Hill
NATIXIS reissued a ‘buy’ rating on shares of England’s biggest bookmaker and online gambling firm William Hill with a target price of $7.16 on its stock.
This move follows JPMorgan Chase cutting their price target on shares of William Hill from $7.70 to $7.33 in a research note to investors on March 21st.
Four analysts have rated the stock with a sell rating, two have issued a hold rating and thirteen have assigned a buy rating to the company’s stock.
Florida Gulf Coast March Madness Elimination Boosts Books Bottom Line
The Vegas sportsbooks and those online all breathed a collective sigh of relief following Cinderella team Florida Gulf Coast elimination in this past week’s Sweet 16.
Casino Mogul Sheldon Adelson Testimony to be Streamed Live This Week
Courtroom View Network is expected to receive exclusive ability tomorrow to provide live streaming coverage in the trial against Las Vegas Sands Corp. Renowned liberal icon, Alan Dershowitz, and former lawyer for OJ Simpson appeared in court Friday to argue against the motion to allow cameras in the courtroom. Dershowitz argued against cameras - the liberal icon is representing the interests of ardent conservative billionaire Adelson.
AFFCoins Online Casino Brands Rockbet, Slots Jackpot Re-enter US Market
In a sign of good things to come we suppose, the AFFCoins online casino group, which includes Rockbet Casino, Vegas Days Casino, Casino Fiz, Tradition Casino and Slots Jackpot, have re-entered the US market offering real money play.
Online Gambling Stocks You Need to Watch in 2013
The Motley Fool released its online gambling stocks to keep a close eye on in 2013 and beyond.
With three states having already legalized Web wagering in various forms, others are sure to follow and some big name players in i-Gaming are gearing up to come online in the US some time in 2013.
Gutshot Poker Reopens but Existing Players Must Activate Accounts Now
Gutshot Poker has reopened its doors and will now operate on three different online poker networks including Revolution, OnGame and Play2B.
The site shut down recently with players unable to claim their funds. The new management will apparently make customers jump through hoops in order to re-activate their accounts.
From PokerFuse.com:
Fortune Poker Room Shuts Down
Fortune Poker, which has been in business for nine years, will be shutting down the end of this month.
The company issued this brief statement Tuesday:
Boyd Gaming CEO: ‘New Jersey Better Opportunity for Online Poker Than Nevada’
Boyd Gaming CEO Keith Smith tells EGR Magazine he believes New Jersey presents better opportunities for online poker than Nevada.
Game Developers Conference 2013 Talks Gambling on Games and $20B Payday
All the talk at this week’s Game Developers Conference appears to have centered around - you guessed it - gambling.
And why not? Experts placed a dollar figure at around $20 billion for the sector.
The big question for a panel discussing the subject: Is gambling the next growth opportunity and how can it be regulated?
Wynn Unveils Rendering of $1.2 Billion Everett, Massachusetts Gambling Resort
EVERETT, Massachusetts — (Associated Press) - Las Vegas casino operator Steve Wynn has unveiled an artist's rendering of a $1.2 billion proposed resort casino in Everett.
UK Online Gambling Sees 80 Percent Growth Over Past 5 Years
Good news for the online gambling sector as one of the most open markets, the United Kingdom, reported growth of around 80 percent since 2008.
Survey: New Jersey Residents Really, Really Want PokerStars
A recent survey conducted by Poker Players Alliance (PPA) makes it abundantly clear that residents of New Jersey want PokerStars to take over the troubled Atlantic Club Casino in Atlantic City.
998 members of the PPA who reside in the state were surveyed.
The American Gaming Association is attempting to keep PokerStars out of the state.
Revel Casino Officially Files for Bankruptcy Protection
(Associated Press) - From the day it opened less than a year ago, Revel decided to break the rules.
The newest casino in Atlantic City banned smoking, didn’t offer a buffet, turned its back on bus-riding day trippers and focused on the upscale leisure traveler more than the slot-playing senior citizen.
But Monday, the $2.4 billion resort found it could not break the law of supply and demand as it filed for Chapter 11 bankruptcy protection in U.S. Bankruptcy Court in Camden.
Seals With Clubs Attacked
The Bitcoin-only Seals With Clubs online poker site is back up and functioning Monday following a massive Denial of Service attack this past week.
A Denial of Service or DoS attack is when a target website is saturated with external communications requests from compromised ISP’s to the point where it cannot respond to legitimate traffic.
PokerStars Purchase of Atlantic Club Casino Delayed
The world’s largest real money online poker room, PokerStars, planned acquisition of Atlantic City’s Atlantic Club Casino is on hold for the moment.
The Interim Casino Authorization petition has not yet been filed with the Division of Gaming Enforcement, according to a report in NorthJersey.com.
US Government to Begin Regulating Bitcoins as Big Brother Takes Notice
We knew it was going to happen sooner or later, probably just not sooner. The US Government has announced it will begin regulating the popular virtual currency Bitcoin in an effort to curb money laundering activities.
888, Treasure Island Receive Nevada Online Gambling License
LONDON (Reuters) - 888 could launch an online gaming offering in Nevada, home to gambling center Las Vegas, as soon as May, a source said after the group won the first ever U.S. license to be awarded to an internet betting firm.
The license to operate in Nevada granted to London-listed 888 Holdings Plc is the first time an internet gambling company has been licensed in the United States, which banned online gambling in 2006.
Zynga Relaunches Online Gaming Site: Loosens Facebook Ties
(Reuters) - Online game publisher Zynga relaunched its website on Thursday, allowing users to play its games without first signing on to Facebook, a significant step toward establishing its independence from Facebook Inc.
The relaunch of Zynga.com is the latest step in the slow dissolution of a special partnership that once bound two of the most influential players in the social Internet industry.
Atlantic Club Hotel and Casino COO: ‘Caesar’s has Hidden Agenda’ (Video)
Talking exclusively to PokerNews.com, Atlantic Club Hotel and Casino COO Michael Frawley claims that Caesar’s and the American Gaming Association have an “agenda” in their efforts to try and prevent PokerStars from taking over the property.
New Hampshire Kills One Gambling Bill
CONCORD, N.H. (Associated Press) — A week after a gambling bill passed the state Senate, the New Hampshire House killed one casino bill Thursday but kept another alive, leaving open the possibility of passing its own gambling measure.
The House overwhelmingly rejected a bill that would have allowed two casinos to be built in the state while preserving another amid debate over the possibility of legalizing gambling in New Hampshire.
32Red Ends Shirt Sponsorship Deal With Swansea
Gambling company 32Red and England football club Swansea have ended their shirt sponsorship deal after four years.
Vice-chairman, Leigh Dineen, said: "I'd like to place on record the club's enormous thanks for the support that 32Red has given us over the last four years.
Fantasy Sports Betting in Atlantic City Casinos Will Not Constitute Gambling
The Press of Atlantic City’s Hoa Nguyen has confirmed that New Jersey’s allowance of fantasy sports betting in the gambling town’s casinos will not constitute “gambling”.
Caesars Stock Hits All Time High
Caesars Entertainment is up 17 of the late 18 sessions with its stock hitting an all time high.
The initial high occurred the first day of trading in February of last year. After going public, Caesars fell for nine months, bottoming at 4.52 in mid-November. It turned up then and continues on a roll.
Americas Cardroom Unveils New Website Ahead of $200k Guaranteed Event
With its upcoming $200,000 Guaranteed Event in early April, Americas Cardroom is going all out to make serious poker players feel at home. Today, they've gone all-in once again. The US-friendly online poker room has revamped their website with a design that appeals to serious poker players.
Playtech’s Billionaire Founder Teddy Sagi About to See Huge Payday
With online gambling software provider Playtech entering into deals with Ladbrokes and a yet-to-be-named US casino partner, company founder Teddi Sagi is in for another big payout thanks in part to William Hill.
From the London Evening Standard:
Intrade Irregularities Raise Eyebrows: CEO Paid Millions at Time of Death
Intrade.com’s abrupt closure this week has provided the online gambling industry with yet another black eye. The darling of mainstream media, Intrade cited “accounting irregularities” for the shutdown.
Equity Poker Network Launches
Online poker network Equity Poker Network (EPN) launching with a bang, a non-profit poker network promising to bring operators, players and affiliates a fairer future.
San Jose, Costa Rica – Online Poker Operators looking to profit even more from the game can now count on Equity Poker Network, a new cooperative non-profit poker network. EquityPokerNetwork.com, announced that operators can now sign up to a fairer future where profit and cross cage is balanced ensuring even Sports, or other operators, with mostly losing players will be winners.
Glu Mobile Launches Real Money Gambling, Shares See 27 Percent Jump
(Reuters) - Mobile games maker Glu Mobile Inc launched its first real-money mobile gambling game through UK mobile betting game designer and operator Probability Plc, sending the U.S. company's shares up as much as 27 percent.
Online gambling is growing in popularity in the UK. Zynga Inc and Facebook Inc are also looking to tap the market through partnerships.
Zynga plans to offer real money casino games in Britain, and Facebook has said it will allow users in the UK to wager real money on its site.
PokerStars Retaliates Against AGA
Attorneys for the Rational Group, parent company of PokerStars, sent off a scathing 15-page letter responding to the American Gaming Association’s petition to try and prevent Stars from purchasing an Atlantic City casino.
The letter essentially accuses the AGA of attempting to protect its own economic interests.
PokerStars is looking to buy the troubled Atlantic Club Casino and Hotel in Atlantic City.
No Divine Intervention: Pope Bets May be Lost at Shuttered Intrade
With the abrupt closure of Dublin-based Intrade.com on Monday, there is increasing doubt that customers will see their monies returned and, it would appear, all those Pope bets will go up in smoke just like that smoke signal that will determine when the new Pope is selected.
