Instability at Cryptologic Intensifies
Over the past year, Gambling911.com has reported on the infighting at one of the oldest online gambling software firms, Cryptologic.
Breaking News: PartyGaming Named in Kentucky Lawsuit
The Commonwealth of Kentucky is suing PartyGaming for past illegal gambling operations with its residents.
Harrah’s Could Take Over Foxwoods Casino Project in Philadelphia
The Philadelphia Inquirer is reporting that casino giant Harrah’s could take over the troubled Foxwoods Casino along the Delaware waterfront in South Philadelphia.PartyPoker Beats Full Tilt Poker….In France
With France opening its market to online poker sites, PokerScout.com is now separating the French domains in its monitoring of “real cash” players rankings.
Ladbrokes Axes Senior Managers, Sees 7 Percent Profit Loss
“In recent times, the strength of our brand has diminished. We feel the need to regain our primacy.”
Recession Hits Sports Tout Business as Sevransky Home Goes Into Foreclosure
IMEGA vs. Holder - Federal Defendant's Motion to Dismiss
IMEGA vs. Holder - Federal Gov. Motions to Dismiss, August 2, 2010
GoDaddy.com Sued for $100 Million in Aiding Michael Jackson Online Casino
The popular registrar GoDaddy.com is being sued for its allowing a company to register the MichaelJackson.com online casino, according to TMZ.com.
GoDaddy.com is being pursued by Howard Mann, who claims he owns the copyright to photos features on the Internet casino website, which remains up as of press time Tuesday morning. The mystery owner registered through GoDaddy.com, according to the suit.
Las Vegas Sands Corp Booming Asia Business: Shares Rise 2.3 Percent
Shares in Las Vegas Sands Corp (LVS.N) posted a better-than-expected quarterly profit last week thanks to its new Singapore resort and gambling in Macau.
Sands, whose shares rose 2.3 percent in morning trading, earned 17 cents a share in the second quarter after adjusting for one-time items. Analysts on average expected 9 cents a share, according to Thomson Reuters I/B/E/S.
Net revenue rose nearly 51 percent to $1.59 billion.
"They had a monster quarter," said Sanford Bernstein analyst Janet Brashear.
European Online Gambling Firms Want Into U.S. Market: Hopes Are High
Nearly all European online gambling firms, including the poker sites, have shied away from the U.S. market for the past 3 years following passage of the Unlawful Internet Gaming Enforcement Act (UIGEA) back in October 2006. The first step towards appealing that law took place Wednesday with a markup in a House subcommittee. Now it’s off to the House and Senate where further amendments are likely.
