Business & Financial

Wayne Root Reportedly Closes Shop

Countless reports have indicated to that former US Libertarian Vice Presidential running mate and sports handicapper, Wayne Root, has shut down his sports service call center in Las

Submitted by C Costigan on, Jan/09/2009

States Likely to Begin Legalizing Sports Betting in 2009

With the economy in dire straits and individual states feeling the worst of it, the likelihood of at least one or more states legalizing sports betting is more a reality than ever in 2009.

Submitted by C Costigan on, Jan/08/2009

Porn and Other Sin Industries Want Government Bailouts

Sex sells especially in an economic downturn, Sarah Estrella of the Examiner writes

Submitted by Payton on, Jan/08/2009

GigaMedia is the Online Gambling Stock to Watch

The Motley Fool has revealed three stocks to watch for 2009 and one of them is Asian online gambling firm GigaMedia.

Submitted by Jagajeet Chiba on, Jan/05/2009

PartyGaming Sues Former Owner of Empire Online

Jan. 5 (Bloomberg) -- PartyGaming Plc, the owner of the brand, sued investment company Livermore Investments Group Ltd.

Submitted by Guest on, Jan/05/2009

Macau Gambling Boom Slows: Revenues Do Not

Thousands of jobs are being lost across the globe daily as the economy continues its downward spiral.  What was once believed to be a "recession-proof" industry is no more.  Macau, cons

Submitted by Jagajeet Chiba on, Jan/05/2009

America’s Biggest Billionaire Loser is Casino Boss

Last week, reported on how Forbes Magazine listed India born PartyGaming co-founder, Anurag Dikshit among the biggest billionaire blowups in 2008 (they valued his net worth at a mer

Submitted by Jagajeet Chiba on, Jan/05/2009

PartyGaming is a Scary One-Eyed Monster With Little Bite

PartyGaming, once the world's largest online poker firm with more than half the market and a darling of the London Stock Exchange, has gone into free fall in recent years.  Amazingly, despite losi

Submitted by C Costigan on, Dec/29/2008

South Korea: Internet Gambling Charges Up 700 Percent

This year, 1,681 people have been charged with illegal gambling over the Internet in South Korea compared to just 248 this year.  The rationale behind this:  In a struggling economy desperate peo

Submitted by Jagajeet Chiba on, Dec/26/2008

JetBlue Begins Flights to Costa Rica

The online gambling rich nation of Costa Rica will soon be able to enjoy the JetBlue experience.  The Central American nation is the largest employer in the North American Internet gambling sector

Submitted by Jagajeet Chiba on, Dec/26/2008

PokerStars Will Not Be Affected By PartyGaming Settlements

PokerStars lawyers told a local newspaper that it is "business as usual" for the world's largest online poker room.

Submitted by C Costigan on, Dec/23/2008

Wynn's Encore Opens This Week in Las Vegas

LAS VEGAS (AP) - Wynn Resorts Ltd.

Submitted by Guest on, Dec/23/2008

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

Breaking News

Can I Bet the Nathan's Hot Dog Eating Contest From My State?

Can I Bet the Nathan's Hot Dog Eating Contest From My State?

You can bet the Nathan's Hot Dog Eating Contest from just about every U.S. state courtesy of BetUS.

Adesanya vs. Pereira and Volk vs. Oliveira Fight Odds Released

Oddsmakers believe that Alex Pereira is up next for Adesanya with Pereira a slight +140 underdog.  Adesanya comes in at -160.  He was a -180 favorite Saturday night.

Where Can I Bet Sports From North Carolina Online?

Where Can I Bet Sports From North Carolina Online?

With news that a push to legalize mobile sports in North Carolina had officially failed on July 2, Tar Heel State residents need not fear. Sites such as NitroBetting, operating offshore, now allow individuals to place bets by simply providing their emails.