Business & Financial

Lehman Brothers Bankruptcy Would be Biggest in 18 years

The New York Times was reporting on Sunday that the bankruptcy of Wall Stree

Submitted by C Costigan on, Sep/14/2008

Party Gaming a No Show in US Court

While unrelated to their plight in the US since UIEGA, Party Gaming (who owns Party Poker) has taken the extreme measure of refusing to show up for a court battle against a US-based slot machine ma

Submitted by C Costigan on, Sep/14/2008

50 Percent Chance US Will Go Into Recession By End of 2008

Isn't the US already in a recession? Not quite....but almost!

Americans are losing their jobs at a steady clip, Ben Steverman of Business Week reported this week. According to a Labor Dept. report released Sept. 5, the unemployment rate hit 6.1% in August, and U.S. payrolls dropped 84,000-with both numbers worse than economists were expecting.

Submitted by Jagajeet Chiba on, Sep/11/2008

Wachovia in Better Shape According to Prediction Markets

Despite receiving the most betting volume, the gambling majority does not believe that Wachovia will be closing before the year's end.

Submitted by C Costigan on, Sep/10/2008

PartyGaming Latest to Cut Jobs in Online Gambling Sector

PartyGaming, once the largest online poker firm, has announced it will be laying off more than 100 employees in its Gibraltar office.

Submitted by C Costigan on, Sep/05/2008

Southwest Airlines Lets the Industry Have it During 2008 NFL Opener

Southwest Airlines - the official sponsor of the NFL - let the airline industry have it Thursday night with an ad that reinforces the idea that Southwest, unlike most of its competitors, does not c

Submitted by Payton on, Sep/04/2008

PartyGaming Indian Co-Founder Appears on Forbes 15 Asian Billionaire List

Anurag Dikshit, with net worth of $1.6 billion, spearheaded the development of technology that helped in the launch of the online poker boom.

Submitted by C Costigan on, Sep/04/2008

Las Vegas in India Courtesy of Las Vegas Sands

Sands head Sheldon Adelson wants to build a Las Vegas in India and why not? With over one billion people, India is the second most populated country in the world outside of China.

Submitted by Jagajeet Chiba on, Aug/30/2008 Test Article

Testing System Article - Please Excuse us as we Conduct a Systems Test While Site Remains Online.

First, he has hinted at choosing Florida Governor Charlie Crist as his running mate. Florida likes its Republican Governor, whose own Election Day ads referred to him as a “Ronald Reagan Republican”. Crist hasn’t suffered the backlash brought on by the unpopularity of the current Republican administration.

This is a contest test.

Submitted by C Costigan on, Aug/28/2008

Stronger Dollar Could Rally Economy: Gambling Affiliates Worry

The US dollar this week hit a 6 month high against the euro and it might not be done just yet.

Submitted by Jagajeet Chiba on, Aug/28/2008

MarketWatch: Gaming-Fund Manager on MGM, Scientific Games, Gigamedia

CHICAGO (MarketWatch) -- Dan Ahrens has been on a serious losing streak in Las Vegas but since he always bets on the house, he's confident that his luck will soon change.

Ahrens is manager of the Ladenburg Thalmann Gaming and Casino Fund, which is down more than 40% over the past 12 months as investors sell gambling stocks in the wake of an accelerating decline in visitation and gambling revenue in Sin City and elsewhere.

"The selling has been very overdone," Ahrens said. "Gaming revenues are down somewhat in Vegas but it is far from a ghost town.

Submitted by Guest on, Aug/22/2008

Everest Poker Revenues Way Up for Parent Company

Everest Poker's parent company GigaMedia's second-quarter results revealed revenues were up 31% on same period last year to US$52.5m, with operating income growing 18% to US$11.9m.

Submitted by C Costigan on, Aug/13/2008

Ladbrokes Prepared to Accept US Poker Bets Says Managing Director

England's largest bookmaker, Ladbrokes, is said to be considering accepting US poker bets in a move sure to rattle the industry.

Submitted by C Costigan on, Aug/07/2008

Online Poker Could Heal California’s Worst Financial Woes Since Depression

Mort Saltzman of the Sacramento Bee on Wednesday warned not to get overly worked up about legalized online poker

Submitted by C Costigan on, Aug/07/2008

Sue Schneider Steps Down from CEO Position at Clarion

Submitted by Payton on, Aug/04/2008

William Hill Hit by High Taxes in Great Britain

Submitted by Guest on, Jul/31/2008

Starbucks Closes 16 Starbucks in Las Vegas

A sure sign the US economy is in trouble - Starbucks is closing 600 of 11,168 stores and 16 in Las Vegas alone (10 percent of all Starbucks in Sin City).

Starbucks' surge and contraction mirror the Las Vegas economy, said Keith Schwer, director of the Center for Business and Economic Research at the University of Nevada in Las Vegas. ``We've gone from having a better unemployment situation than the national economy to one that is slightly less.''

Submitted by Jagajeet Chiba on, Jul/31/2008

New Bank for Online Gamblers: Ivobank Backed by Powerful Family

A new online bank catering to online gambling enthusiasts has opened and offers fast and secure online money transfer services.

Submitted by Guest on, Jul/29/2008

PayPal Sharing Customer Information With Government

Lots of people use PayPal but the online payment solution seems to care little about customer privacy.

Submitted by Jagajeet Chiba on, Jul/28/2008

The Ron Paul Resurgence: Major Convention Upcoming

Submitted by C Costigan on, Jul/28/2008

€4m payout on Padraig Harrington!

Submitted by C Costigan on, Jul/21/2008

The US Economy in Dire Straits: Vegas Not Immune

Submitted by C Costigan on, Jul/21/2008

BankUnited, Downey Financial Getting Hammered by Gamblers

Submitted by Jagajeet Chiba on, Jul/17/2008

UBS Cuts Offshore Banking for US Citizens

The Wall Street Journal reports that UBS will close private-banking operations for U.S. clients:

Submitted by Guest on, Jul/17/2008

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