Business & Financial

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

In The Last Recession, Online Gambling Did Not Exist

This recession will prove a test for the online gambling sector, which is already showing some signs of adverse affect though they are not getting hit nearly as hard as many other industries.

Submitted by C Costigan on, Nov/19/2008

Quarterly Revenues Stagnant at PartyGaming: Still in Talks With US

PartyGaming is blaming gains in the U.S.

Submitted by C Costigan on, Nov/19/2008

Paddy Power on Track to Record Operating Profits

Bookmaker Paddy Power has said it is on track to record operating profits of around €75m for this year, in line with its previous outlook.

Submitted by Guest on, Nov/18/2008

Think AIG is Bad? HBOS Bank Execs Caught in Sordid Drug Fueled Orgy

American is outraged these days by the antics of AIG Insurance, accused of spending parts of their government bailout on expensive junkets and God only knows what else.  But compared with the exec

Submitted by Jagajeet Chiba on, Nov/15/2008

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

Submitted by Guest on, Nov/14/2008

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

Submitted by C Costigan on, Nov/10/2008

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.

Submitted by Guest on, Nov/06/2008

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

Submitted by C Costigan on, Nov/03/2008

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.

Submitted by Jenny Woo on, Nov/03/2008

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

Submitted by Guest on, Nov/02/2008

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?

Submitted by Jagajeet Chiba on, Oct/30/2008

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.

Submitted by Guest on, Oct/28/2008

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.

Submitted by Guest on, Oct/27/2008

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

Submitted by Jagajeet Chiba on, Oct/20/2008

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.

Submitted by Guest on, Oct/20/2008

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.

Submitted by Jagajeet Chiba on, Oct/16/2008

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.

Submitted by Guest on, Oct/15/2008

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.

Submitted by C Costigan on, Oct/15/2008

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.

Submitted by Jagajeet Chiba on, Oct/14/2008

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?

Submitted by Guest on, Oct/14/2008

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.

Submitted by Jagajeet Chiba on, Oct/13/2008

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.

Submitted by Alistair Prescott on, Oct/12/2008

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

Submitted by Jagajeet Chiba on, Oct/09/2008

Sheriff Thomas J. Dart Deserves a Medal: Obama Has Chance to Make Difference

Sheriff Thomas J.

Submitted by Payton on, Oct/09/2008

Prediction Market Says Dow to Closer Higher Than on Tuesday

Can things get much worse on Wall Street? Let's hope not.

Submitted by Jagajeet Chiba on, Oct/08/2008

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

Submitted by Jagajeet Chiba on, Oct/06/2008

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.

Submitted by Jagajeet Chiba on, Oct/03/2008

Breaking News

Crypto Casinos: The Future of Secure and Anonymous Betting

The world of online gambling is rapidly evolving, and crypto casinos are at the forefront of this revolution. These innovative platforms leverage blockchain technology to offer a level of security and anonymity that traditional online casinos can't match.