Business & Financial
Asia Casinos Could Suffer Severely With Economic Downturn
Forget the idea that gambling is "recession proof". Las Vegas was among the first to start reporting drastically declining revenues and layoffs long before any "Wall Street Bailout
Barney Frank Asks Bernanke, Paulson to Stop Online Gambling Policies
Congressman Barney Frank, Chairman of the House Financial Services Committee which oversees housing and banking industries, has written two letters to both Federal Reserve Chairman Ben Bernake and
Las Vegas Sands Plunges on Default, Bankruptcy Risk
Nov. 6 (Bloomberg) -- Las Vegas Sands Corp., billionaire Sheldon Adelson's casino company, plunged in New York trading after saying it may default on debt and face bankruptcy.
The casino owner, which had $8.8 billion in long-term debt at the end of June, said in a regulatory filing today that it probably won't meet the requirements of some loans unless it cuts spending on development projects, boosts earnings at its Las Vegas Strip casinos and raises more capital.
Boycott Papa John’s, Pizza Hut? Is Kentucky Really The Pizza Capital?
One interesting "fact" that has come out of the debacle involving Kentucky's decision to seize 141 online gambling domains, we have discovered that the Kentucky - of all places - is the p
Ron Paul On The Economy And Why The Bailout Was Bad Idea
Gambling911.com Senior Correspondent, Jenny Woo, had a chance to sit down with Republican Congressman, Ron Paul, to discuss his efforts in trying to legalize online gambling. But Dr.
Australia Bookies Not Hurt Yet By Sagging Economy
THE global economic crisis is not preventing Australian punters from having a flutter on the country's biggest horse race, the Melbourne Cup, according to bookmakers who spoke with the Australian n
Bermuda Mulls Online Gambling Option
The Bermuda government has suggested it is interested in entering the multi billion dollar online gambling industry, but at what price?
William Hill Price Cut On Gambling Fears
LONDON (SHARECAST) - Concerns over the future of the highly lucrative fixed-odds betting terminals has contributed to US bank slashing its target price for bookie William Hill.
There is evidence to suggest that the betting terminals are a contributory factor in gambling addiction, and with a Gambling Commission report due to be published next year, Citigroup believes there is a danger they may be banned from betting shops.
The Commission could also contemplate an increase in machine gaming duty.
The Bet That Blew Up Wall Street
(CBS) The world's financial system teetered on the edge again last week, and anyone with more than a passing interest in their shrinking 401(k) knows it's because of a global credit crisis.
William Hill Acquiring Parts of Playtech
The United Kingdom's second largest bookmaker, William Hill, is reportedly acquiring parts of online casino software giant Playtech according to
World Poker Tour In Danger of Being De-Listed from NASDAQ
With the market taking a daily beating due to the global economy roller coaster and the pending US Presidential Election, things are not looking good for the beleaguered stock.
Financial Gamblers Torn Between DOW Close on Thursday
Slightly more than half of those betting at the online financial prediction market, intrade.com say the DOW will close lower than it did on Wednesday.
Wall Street Bailout a “Farce” Says Poker Legend Doyle Brunson
This 700 billion dollar bailout doesn't seem to be changing anything. The stock market keeps going down and banks keep going under. The culprits are being rewarded at the taxpayer's expense.
Sportingbet Not Affected by Economic Woes: Revenues Up 23 Percent
Online gambling firm, Sportingbet, has witnessed revenues increasing up to 23 percent to the end of July, up to £147 million, driven by its performance in Europe and Australia in particular.
Don’t Forget to Pay Your Taxes!
October 13 was a national holiday in the United States. Banks and schools were closed. The significance of October 13? Columbus Day.
Wall Street Out of Coma: Main Street Paralyzed?
Despite Monday morning's slight return of confidence in the financial markets Intrade's Prediction Markets indicate the damage has been done and the U.S. economy is heading towards recession.
Intrade's prediction markets for macroeconomic indicators are currently showing the U.S. is likely to enter a recession before the end of 2009. The only question is when? And could there actually be a depression?
First Country to Pull Out of the Euro in Next 12 Month
The economy around the world is so bad that the folks from Paddy Power have begun offering bets on the meltdown.
West Ham Could be No More Following Iceland Freezing Assets
Iceland invested a great deal across Europe and that nation's economy crashed this past week, culminating with several bank closures.
Prediction Market Gamblers Believe DOW Will Close Lower on Friday
With the Asian markets crashing early on, gamblers at www.intrade.com have been betting at a 60 percent clip or better that the DOW will close down by 2
Sheriff Thomas J. Dart Deserves a Medal: Obama Has Chance to Make Difference
Sheriff Thomas J.
Prediction Market Says Dow to Closer Higher Than on Tuesday
Can things get much worse on Wall Street? Let's hope not.
All Eyes on National City Bank Among Prediction Market Bettors
With Wachovia now sold to Citibank and then to Wells Fargo and maybe again to Citibank last week in the never ending drama centering around US banking turmoil, attention is now shifting to the next
At least the Wooden Arrow “Bailout” Was Bi-Partisan
The final Bailout plan to save Wall Street - and perhaps the nation - included a substantial amount of fat.
British Bookmakers Can Weather Recession
British bookmakers the likes of William Hill, Paddy Power and Ladbrokes have a better chance of weathering a recession.
When Shirt Sponsors Go Bust
"Considering the strife of certain top-flight sponsors, have there been any instances of a sponsor leaving a club in the lurch with disastrous consequences?" wondered Mike Hulse, a week o
Prediction Market Gamblers Lose on Wachovia Bet
In the end, over 75 percent of the betting action was going Wachovia's way to fail by December 31, 2008 at online prediction market intrade.com.
Wachovia Bank Under Watchful Eye of Prediction Markets
Wachovia Bank suitors are reportedly waiting for a US Government seizure so that they can buy up the best assets and let the government sort out the rest,
Washington Mutual Finally Fails: Prediction Markets Right
It took a while but the bank atop online prediction market intrade.com most likely to fail, Washington Mutual, finally did.
Vice Shares Like Gambling Help to Stimulate the Economy
The portfolio of "unethical" shares which we picked on this week last year has unsurprisingly lost value in the past 12 months, but has beaten the general market, as well as the FTSE For
Cryptologic Predicts Losses of $3.6 Million in Quarter
While long established online gambling software provider, Cryptologic (TSX:CRY) , was anticipating operating losses of $1 million to $1.5 million in the current quarter, the foreign exchange loss w
