Business & Financial
Harrah’s to Enter European Online Gambling Market
As first reported on the Gambling911.com website Friday afternoon, Harrah's will be expanding its presence in the European market as it launches an aggressive campaign to move online and compete wi
Harrah’s Forms Harrah’s Interactive Entertainment to go Online
Harrah's Entertainment, Inc. (Harrah's) announced today that it has established a new subsidiary, Harrah's Interactive Entertainment, Inc.
American Idol Finale Helps Bring Gambling911.com Record Traffic
So far the month of May has been a banner period for the Gambling911.com website, which kicked off with its biggest day since coming online in September 2000. The Kentucky Derby resulted in just
Atlantic City Profits Way Down: Sports Betting a Must
It's more bad news for Atlantic City as the East Coast casino empire witnessed gross operating profits decline by more than 38 percent in the first quarter of 2009.
Judge Might Dismiss Case Regarding Donald Trump’s Net Worth
CAMDEN, N.J. (Associated Press) - Donald Trump is known for putting a positive spin even on news that doesn't seem positive. But there is one way to get him down: Call him a millionaire.
Trump, who says he's a billionaire, is suing the author of a book in which three unnamed sources said Trump's net worth is between $150 million and $250 million. The Donald claims it was malicious, and it hurt his business.
Paddy Power Poker Cans Ciaran O’Leary: Blames Economy
Irish poker pro Ciaran "Big C" O'Leary has been fired as a paid flack for Irish online poker room Paddy Power Poker (http://www.paddypowerpoker.c
The Bellagio, MGM Grand to be Developed in Dubai
The Middle Eastern nation of Dubai will get its own Bellagio and MGM Grand Hotels, two iconic staples of Las Vegas.
Obama Refuses to Meet With Nevada Governor
President Barack Obama has refused to meet with Nevada Governor Jim Gibbons and other key business leaders in the state according to news reports.
Governor Gibbons requested the meeting in a letter to President Obama so the President could address statements he made that were critical to Nevada and have caused economic damage to convention business and tourism business, according to Action News 13 out of Las Vegas.
Gambling911.com Most Wanted for Week Ending May 18, 2009
Who or what company made the headlines this past week on the pages of Gambling911.com as it relates to the gambling industry? Find out as we break down the most popular industry-related stories.<
2009 Preakness Stakes Betting, Traffic Up
Despite lower attendance at Pimlico Race Course, betting on the 2009 Preakness Stakes was way up.
More than $59 million was bet, compared with $45 million last year, John B. Franzone, head of the Maryland Racing Commission, stated. Attendance was cut by 30 percent compared to last year, down to 77,850. Much of this was attributed to a ban on spectators bringing their own beverages.
State racing officials deemed the race a financial success for the state.
Ladbrokes: Online Poker in Australia Very Bad
According to the Interactive Gambling Act, online poker sites geared towards Australian ci
Pacquiao-Hatton Pay Per View Numbers Very Good
There has been much speculation as to why the Pay Per View numbers for the May 2 Pacquiao-Hatton fight were taking so long to be published. This was after all the most bet on boxing much of the y
Paddy Power Moves Into Australian Market
Paddy Power has begun its expansion into the Australian gaming market with its acquisition of a major stake in one of Australia's largest corporate bookmakers.
The company invested €27.2 million in a 51 per cent stake in Sportsbet as part of development strategy to expand into international markets. The acquisition, if approved by regulatory authorities, will be completed at the beginning of July.
Crown Casino Expansion Will Be Massive
Thanks to the Victorian Government allowing Crown Casino to grow in exchange for an estimated $60 million in extra tax revenue over four years came on the day of the Federal Budget
Online Gambling at a Crossroads in Australia
Australia's wagering industry is at the crossroads, reports the Sydney Morning Herald.
Tread Cautiously When it Comes to Online Gambling Bill
The UK press is warning publicly traded UK betting firms that the latest bill introduced by Congressman Barney Frank last week is anything but a sure bet.
Unibet Positive Financial Results Announced
Swedish Internet gambling giant, Unibet, announced positive financial results Monday for the first quarter of 2009 in the midst of a worldwide recession.
Highlights included gross winnings revenue amounting to $31.3 million for the first quarter of 2009, profit of $10.9 mil for this same period and operating cash flow before movements in working capital amounting to $13.5 million. Active customers totaled 314,977.
Vegas Hotel Room Rates Will Increase
With signs that hotel occupancies are going up, MGM Mirage executives said demand for the company's hotel rooms is high enough to warrant an increase in room rates, which have plummeted during the
Delaware House Approves Revised Gambling Bill
USA Today reports that the Delaware legislature took the first step toward establishing sports gambling in the state, approving a bill early Friday morning that was opposed by every major sports le
Las Vegas Sands Losses Mount
LAS VEGAS (AP) - Casino operator Las Vegas Sands Corp.
Kentucky Derby Hangover After Record Numbers
What recession? That's what some of us around here at Gambling911.com are asking - at least when we look at this past weekend's Kentucky Derby figures....what we have of them.
Preliminary stats show that the Derby brought more traffic through the Gambling911.com website, however, final server stats were not immediately available on Sunday as the total had not been fully added up by the scheduled report time.
Recession Having Little Affect on Kentucky Derby Online Gambling
Bloomberg News was reporting on Friday that Kentucky Derby betting may fall 30 percent as the worst economy in a generation hits Louisville. Not so with online gambling as Gambling911.com was see
Verizon in Hot Pursuit of Apple iPhone: Odds Posted
Recent frantic reports emerged over the past few days claiming Verizon Wireless' hot pursuit of an iPhone or iPhone like device from Apple in order to compete with AT&T, which has exclusive rig
William Hill Sees Double Growth in Online Business Despite Recession
The United Kingdom's second largest bookmaking operation is reporting a 50 per cent rise in revenue from its online gambling arm over the past year. These figures come as the company recorded an
Minnesota Regulators Try to Block Access to Gambling Sites
Using a 1961 federal law designed to stop illegal gambling, the state has directed 11 telephone and Internet service providers to block nearly 200 gambling Web sites.
Harrah’s Gets Hit Hard By Economy: 2009 WSOP Hotel Rates Slashed
The world's largest casino operator and owner of the World Series of Poker, Harrah's Entertainment Inc., reported first quarter financial results Monday that showed a further decline in revenue. The company said its revenue had declined 13.3 percent to $2.254 billion in the first quarter. The pinch was felt especially hard in Las Vegas where these numbers were 20.5 percent (down to $686.4 million) while cash flow fell 27.9 percent to $198.6 million.
James Packer’s Crown Casino Gives Up on Las Vegas
James Packer's Crown has ruled out injecting more cash into the stricken US casino development company Fontainebleau Resorts after the US company's banks withdrew financing for a $US3 billion ($4.2
Gambling911.com Abruptly Scraps Plans to Attend 2009 WSOP
In a sign of the worsening economy, Gambling911.com, one of the top 10 most read poker news sites, has decided to scrap all plans to attend this year's World Series of Poker (WSOP).
William Hill Intends to Move Jobs Offshore
In a blow to the British government, the number two largest bookmaker, William Hill, has threatened to move approximately 90 jobs in the Internet division offshore.
Bookmakers warned the chancellor, Alistair Darling, before the Budget that increases in gross profits tax on betting would stifle competitiveness, particularly for their online businesses, and force them to consider relocating staff, according to the Financial Times of London.
Last week, Darling increased the GPT on bingo from 15 per cent to 22 per cent.
James Packer’s Las Vegas Nightmare Just Got Worse
James Packer's largest investment in the gambling mecca is in dire straits after a US casino development company in which his Crown had invested defaulted on $US800 million in loans.
