Business & Financial

Financial Crisis Not Affecting Poker Pro Shannon Shorr

With all this doom and gloom Gambling911.com has been reporting about poker pros in dire straits due to the financial crisis, it's good to see that young ‘em Shannon Shorr may be taking some time

Submitted by Ace King on, Feb/05/2009

World Economic Crisis Digs Deeper Into Poker World?

Gambling911.com has reported in recent weeks on big name poker players who appear to be getting hit by world economic crisis. 

Submitted by Ace King on, Feb/04/2009

Super Bowl Betting Down in Vegas: Up Online

The Super Bowl betting numbers are in and the results: A total of $81.5 million was wagered in the state's sports books on Super Bowl XLIII, an 11.5 percent decrease from the game's 2008 handle, ac

Submitted by C Costigan on, Feb/04/2009

Wells Fargo Cancels Trip to Vegas

After intense pressure in the media, Wells Fargo Bank has decided to cancel a highly publicized trip next month to Las Vegas for employees as part of a gambling excursion.  Many charged the financ

Submitted by Jagajeet Chiba on, Feb/04/2009

Barney Frank Agenda Includes Online Gambling

U.S. Rep. Barney Frank, a Massachusetts Democrat and head of the U.S.

Submitted by C Costigan on, Feb/03/2009

Steelers Win and Failure to Cover Best Scenario for Books

"It was the best-case scenario for us to have the Steelers win and not cover," Hilton Sportsbook Director, Jay Kornegay told the Las Vegas Review Journal Monday.

For online sportsbooks, nearly 80 percent of the money line action was on the Arizona Cardinals to win outright.  Betting on the Pittsburgh/Arizona spread was relatively even but for many books, the amount of bets taken favored the Steelers.

Submitted by Jagajeet Chiba on, Feb/03/2009

Rising Poker Star Joins LA Times Business Staff

He finished in 60th place at the World Series of Poker last summer and came in 4th place in September's California State Poker Championship.  Stuart Pfeifer may not be a big

Submitted by Jagajeet Chiba on, Feb/02/2009

Recession Has No Effect on 2009 Super Bowl Betting: Records Broken

There was a bright spot heading into this new week amidst what is otherwise a dark abyss known as the world economic meltdown.  The 2009 Super Bowl has been deemed a success despite an economic re

Submitted by C Costigan on, Feb/02/2009

Super Bowl Gambling Often an Introduction to Online Websites

Sportsbook.com and BetUS.com appear to be reaping the rewards of a mainstream press fixation with Super Bowl gambling.  Both websites offer creative bet options and the necessary means for publici

Submitted by C Costigan on, Jan/31/2009

2009 Super Bowl Betting Not Hurt by Financial Crisis

Slightly more money was brought in on this year's multi-million dollar Super Bowl ad spots than last year, the parties are still taking place and of course 2009 Super Bowl betting will go on as it

Submitted by C Costigan on, Jan/30/2009

Super Bowl Betting in Las Vegas Big as New Year’s Eve

Few events draw bigger crowds to Las Vegas than the Super Bowl and the betting frenzy that coincides with it - not to mention the huge parties.  Celebrities descend upon Vegas in droves this weeke

Submitted by C Costigan on, Jan/30/2009

Betting Market Asks: Davos World Economic Forum Matter?

As business and political moguls hobnob at the five-day Davos junket we will measure whether many of those who presided over blunders in business

Submitted by Guest on, Jan/28/2009

UK Online Gambling Operators: Tax is Horribly Wrong

European online gambling website operators will enjoy a huge advantage over their rivals in the UK according to a report in UK Marketing Week.

Submitted by Jagajeet Chiba on, Jan/28/2009

Financial Crisis Hits Todd Brunson Investments Hard

It never seems to end and some of us here at Gambling911.com have concerns this is just the tip of the iceberg.  Financial problems have reportedly hit the son of poker legend Doyle Brunson.

Submitted by Ace King on, Jan/27/2009

Hilton Las Vegas Hopes Super Bowl Betting Boosts Economy

Hilton sports book executive director Jay Kornegay told the Las Vegas Sun that there are more than 300 such wagers on the Hilton's sheets this year.

Submitted by C Costigan on, Jan/26/2009

U.S. Economy: States Can Ill Afford to Lose Their Lotteries

In this time of serious economic crisis in the U.S.

Submitted by C Costigan on, Jan/26/2009

Playboy Problems Not Stopping With Online Poker Room

The closure of Playboy's online poker room last week appears to be just the tip of the iceberg.

The famed company warned investors that it will take a write-down of goodwill and other charges amounting to more than $100 million, resulting in a net loss for Q4. The magazine publisher also expects a $4 million charge on cost-reduction initiatives, which will include an unspecified number of job cuts.  The company will also fold its New York office according to reports.

"Who knew sex was a bad business to be in?" asks Belinda Luscombe of Time Magazine.

Submitted by Jagajeet Chiba on, Jan/25/2009

Porn Poker Room: Latest Casualty of Struggling Economy

Apparently, porn can be sustained, but poker can not.

Submitted by Thomas Somach on, Jan/24/2009

Online Gambling Still Thriving in Recession

The Isle of Man, an important online gambling center, reports that the industry is its fastest growing during these hard economic times.

Submitted by Jagajeet Chiba on, Jan/21/2009

Tropicana, Trump in Trouble

If there was any doubt the recession was hurting casinos, Tuesday's news should put those questions to rest.

Submitted by Jagajeet Chiba on, Jan/21/2009

No Luck With Gambling Stocks

It's the Las Vegas gambling stocks that are the real losers these days, not the actual gamblers.

Submitted by Jagajeet Chiba on, Jan/20/2009

Las Vegas Has Further to Fall in Struggling Economy

A report in the Economist this past week suggests that the gambling mecca of Las Vegas may experience further decline due with a recession now in full swing.

Submitted by Jagajeet Chiba on, Jan/19/2009

BetFred Sold: Done Brothers Done With Online Gambling

Fred and Peter Done are done with online gambling it seems as they have sold their online gambling operation, BetFred, netting some £27.2m from the sale.

The Internet gaming division Betfred NV, registered in the Netherlands Antilles, had been underperforming for a number of years after a belated entry to the market, and the company said the disposal made "commercial sense", reports James Chapelard of Crane's Business (Manchester Division).

Submitted by Jagajeet Chiba on, Jan/18/2009

William Hill: Trading Continues to be Resilient

(Reuters) - British bookmaker William Hill (WMH.L) said it remained in discussions with its banks over plans to refinance its

Submitted by Guest on, Jan/16/2009

State Lotteries Win Out During Recession

People want to make that fast buck during the current recession with nominal risk.  The result has been an increase in the number of state lottery tickets purchased.

More than half of all states with lotteries have reported rising sales over the past six months, and some researchers say financial insecurity might be driving people to risk more of their money than usual on $1 and $5 instant scratch-offs and other daily games in hopes of a big payoff.

Submitted by Jagajeet Chiba on, Jan/14/2009

Playboy Casino and Poker Room Shuts Down

In a sign of the troubling economic times, the Playboy Casino and Poker site has shut its doors.

Submitted by Jagajeet Chiba on, Jan/14/2009

Paddy Power Shares Slide Sharply

Ireland's largest bookmaker, Paddy Power, witnessed a sharp decline in its share price on Tuesday.

Paddy Power fell 7.8pc to €11.90, bringing its decline to 11pc so far this year.

Submitted by Jagajeet Chiba on, Jan/14/2009

Detroit Casino Shares Up Slightly

There may be a dark cloud over Detroit's pivotal auto industry but a dim light shined over its casino industry with news Tuesday that the big three casinos revenues rose slightly. 

The Michigan Gaming Control reported a rise of 1.84 percent with MGM Grand Detroit finishing the year with $578 million in revenue, MotorCity Casino ending with $464 million in revenue and Greektown Casino finishing up with $316 million. 

 

Submitted by Jagajeet Chiba on, Jan/13/2009

Macau Developer Upbeat About Future

(Reuters) - Macau gaming developer Melco Crown Entertainment said on Tuesday it expects the Asian gambling centre to rebound from a sharp contraction, while eyeing expansion opportunities in Taiwan

Submitted by Guest on, Jan/13/2009

Breaking News

Cheney Loses to Hagerman: "Now the Real Work Begins"

Cheney Loses to Hagerman: "Now the Real Work Begins"

Wyoming Congresswoman Liz Cheney, a leader in the Republican resistance to former President Donald Trump, was fighting to save her seat in the House on Tuesday.

Michael Cohen Says the Mar-A-Lago Mole is Jared Kushner

Former Trump Attorney Michael Cohen Says the Mar-A-Lago Mole is Jared Kushner: Latest Odds

"It is someone in his immediate family," Cohen said.  "It has to be someone in his inner circle."

Mike Matusow Wants to do a Podcast Where He Smokes Pot and Takes Phone Calls

Mike Matusow Wants to do a Podcast Where He Smokes Pot and Takes Phone Calls

He's also doing a Q&A on Reddit called "Ask Me Anything".....and as one would expect, it's turning into a bit of a trainwreck.