Business & Financial
British Bookmakers Victorious Last Week
The British bookmakers breathed a respective sigh of relief this past week and were £45million richer thanks to Cheltenham and odds-on Kauto Star tumbled out of the Gold Cup.
Virgin Games Hunts for New Ad Agency
LONDON - Virgin Games is on the hunt for an agency to handle its UK advertising business
World Sports Exchange, Jay Cohen Image Tarnished
The once proud World Sports Exchange (WSEX.com), founded in 1996, has fallen on bad times and co-founder Jay Cohen hasn't said much about the matter.
Gambling: MGM Partner Said to Have Organized Crime Ties
The MGM Mirage is trying to sever its ties with MGM Grand Macau, claiming that the later's co-owner, Patsy Ho, is "financially dependent on her father, casino magnate Stanley Ho." Addit
March Madness 2010 Record Viewers, Bets Expected
CBS is expecting record number of viewers as the Men's NCAA College Basketball Round One games kick off Thursday and March Madness 2010 gets underway in full force.
Playtech Helped by William Hill
Online casino software powerhouse Playtech reported a 70 per cent rise in full-year profits, boosted by its joint venture with the United Kingdom's second largest bookmaker, William Hill.
New Jersey Spending Cuts: Bring on Legalized Sports Betting
With New Jersey Governor Chris Christie proposing deep spending cuts, the subject of legalized sports betting once more comes to the forefront.
March Madness Office Pools Costs Employers $1.8 Billion
Most work places this week have partaken in the annual ritual of setting up March Madness office pools while the more savvy employee uses his or her Web-enabled phone to
Dollarization in Costa Rica? Good Bye Beloved Colon
The online gambling hotbed of Costa Rica may want to consider abandoning its much beloved colon in favor of the US Dollar.
Carbon Poker Loses Half Its Customers in 6 Months
According to the PokerSiteScout.com website, Carbon Poker's "real cash" customers have been cut in h
Nevada May Want To Cut Off WSOP Online Poker Sponsors
The World Series of Poker may find itself in yet another setback. Following legislation passed in October 2006 that essentially made it illegal (or at least difficult) for banks to transfer funds
Ladbrokes Limits Players Bets to 1 Euro Max
If you win, you're limits often get cut, especially at the European online sportsbooks. Just ask one poor customer of Ladbrokes.
MGM To Leave Atlantic City Over Questions About Ho
ATLANTIC CITY, N.J.
Betfair US Boss Gerard Cunningham Out
eGaming Review Magazine is reporting that Betfair US Head
Many Online Poker Rooms Are Springing Up in US
Gambling911.com last month told its readers about a pair of online poker rooms that are operating legally from the U.S.
Merge Poker Signs on Yet Another Online Poker Room
Merge Gaming today announced that PokerHost.com, has joined one of the fastest growing poker networks in the world.
Tiger Woods Camp Rejects Online Gambling Offer
Following recent international media coverage of Paddy Power's negotiations with IMG to sponsor Tiger Woods, the company confirms that its initial offer cov
Sands Singapore to Open Next Month
SINGAPORE - US gaming giant Las Vegas Sands said on February 24 its casino project in Singapore will open on April 27, months behind the original schedule of late 2009.
Donald Trump vs. Karl Icahn in Atlantic City
While the rest of the world gets ready for the upcoming Pacquiao vs.
Carl Icahn Takes Over Tropicana Atlantic City
(Reuters) - Billionaire investor Carl Icahn has regulatory approval to own the Tropicana Casino Resort in Atlantic City, the New Jersey Casino Control Commission said on Wednesday.
PartyGaming The Latest to Report Poor 2009 Showing
With Sportingbet a bit of an exception to the rule, online poker's 4th largest network, PartGaming, reported a poor showing in 2009 with numbers down to $135.0 million from $144.2 millio
The Rise and Near Fall of World Sports Exchange (WSEX.com)
What used to be one of the most trusted and reliable online sportsbooks, World Sports Exchange (WSEX.com), has been getting hammered over the past 6 months by the folks at
10-Year Old Goldbet Joins Microgaming Online Poker
The Goldbet online gambling group, in operation now since 2000, have selected Microgaming as its new network for allowing customers to play online poker. The Austrian bookmaker uses proprietary s
Sportingbet Reports Good News in Online Gambling Sector
With a number of bookmakers reporting poor showings in recent days, Sportingbet has provided a ray of hope on Wednesday.
Sands China Revenue up 22 Percent
March 2 (Bloomberg) -- Sands China Ltd., Asia's biggest listed casino operator, said profit rose 22 percent last year as Macau visitors gambled more on card games and slot machines.
Net income increased to $213.8 million from $175.7 million a year earlier, Sands China, which has the second-biggest market share among Macau casinos, said in a statement to Hong Kong's stock exchange today. That compared with the $225 million mean estimate of four analysts surveyed by Bloomberg.
2009 Bad Year for Bookmakers: Paddy Power Down
Paddy Power is the latest bookmaker to show a slide in profits for 2009, following Ladbrokes a 2
William Hill Sees Challenging 2010
By KATHY GORDON, WSJ.com
LONDON-U.K. betting group William Hill PLC Friday posted a 7% drop in full year profit, slightly ahead of guidance provided in January, and said its 2010 expectations are unchanged as the unusually severe winter weather in the U.K. in January only pushed revenue down 0.6% in the first seven weeks of 2010.
More Consolidation in Online Gambling Sector
Two more online gambling ventures have been taken over by stronger firms this past week.
Virgin Group May Move Into US Online Gambling Market
The Virgin Group continues to expand on the online gambling front as they seek investors to help the company move into newly open markets, according to a report filed by
NASCAR Betting and Danica Patrick
Both the online sportsbooks and Las Vegas establishments are counting on NASCAR betting, and to fuel those bets they are hopeful that Danica Patrick will at some point begin to make an impact. To
