State Lotteries Win Out During Recession
People want to make that fast buck during the current recession with nominal risk. The result has been an increase in the number of state lottery tickets purchased.
More than half of all states with lotteries have reported rising sales over the past six months, and some researchers say financial insecurity might be driving people to risk more of their money than usual on $1 and $5 instant scratch-offs and other daily games in hopes of a big payoff.
Playboy Casino and Poker Room Shuts Down
In a sign of the troubling economic times, the Playboy Casino and Poker site has shut its doors.
Paddy Power Shares Slide Sharply
Ireland's largest bookmaker, Paddy Power, witnessed a sharp decline in its share price on Tuesday.
Paddy Power fell 7.8pc to €11.90, bringing its decline to 11pc so far this year.
Detroit Casino Shares Up Slightly
There may be a dark cloud over Detroit's pivotal auto industry but a dim light shined over its casino industry with news Tuesday that the big three casinos revenues rose slightly.
The Michigan Gaming Control reported a rise of 1.84 percent with MGM Grand Detroit finishing the year with $578 million in revenue, MotorCity Casino ending with $464 million in revenue and Greektown Casino finishing up with $316 million.
Macau Developer Upbeat About Future
(Reuters) - Macau gaming developer Melco Crown Entertainment said on Tuesday it expects the Asian gambling centre to rebound from a sharp contraction, while eyeing expansion opportunities in Taiwan
Is Bodog Finally Starting to Get its Act Together?
Two month long payout delays, IRS threats about confiscating funds and a retired founder, Calvin Ayre, without a country - all things that have become synonymous with Bodog in recent times. The o
Taiwan to Allow Casinos on its Outer Islands
Asia has a new casino Mecca. Taiwan this weekend paved the way for casino gambling after repealing a gambling ban over 15 years ago.
Las Vegas Sands Corp a Strong Buy
The economy is struggling and Las Vegas we learn is not immune, nor is the Las Vegas Sands Corp, one of the world's largest casino ventures. But with its recent capital infusion and prospects for
UBS Closes All Offshore Accounts of U.S. Clients
ZURICH (Reuters) - Swiss wealth manager UBS AG (UBSN.VX) (UBS.N) is closing all the offshore accounts of its U.S. clients, the bank said on Friday, as it comes under pressure from U.S.
Wayne Root Reportedly Closes Shop
Countless reports have indicated to Gambling911.com that former US Libertarian Vice Presidential running mate and sports handicapper, Wayne Root, has shut down his sports service call center in Las
States Likely to Begin Legalizing Sports Betting in 2009
With the economy in dire straits and individual states feeling the worst of it, the likelihood of at least one or more states legalizing sports betting is more a reality than ever in 2009.
Porn and Other Sin Industries Want Government Bailouts
Sex sells especially in an economic downturn, Sarah Estrella of the Examiner writes.
GigaMedia is the Online Gambling Stock to Watch
The Motley Fool has revealed three stocks to watch for 2009 and one of them is Asian online gambling firm GigaMedia.
PartyGaming Sues Former Owner of Empire Online
Jan. 5 (Bloomberg) -- PartyGaming Plc, the owner of the PartyPoker.com brand, sued investment company Livermore Investments Group Ltd.
Macau Gambling Boom Slows: Revenues Do Not
Thousands of jobs are being lost across the globe daily as the economy continues its downward spiral. What was once believed to be a "recession-proof" industry is no more. Macau, cons
America’s Biggest Billionaire Loser is Casino Boss
Last week, Gambling911.com reported on how Forbes Magazine listed India born PartyGaming co-founder, Anurag Dikshit among the biggest billionaire blowups in 2008 (they valued his net worth at a mer
PartyGaming is a Scary One-Eyed Monster With Little Bite
PartyGaming, once the world's largest online poker firm with more than half the market and a darling of the London Stock Exchange, has gone into free fall in recent years. Amazingly, despite losi
South Korea: Internet Gambling Charges Up 700 Percent
This year, 1,681 people have been charged with illegal gambling over the Internet in South Korea compared to just 248 this year. The rationale behind this: In a struggling economy desperate peo
JetBlue Begins Flights to Costa Rica
The online gambling rich nation of Costa Rica will soon be able to enjoy the JetBlue experience. The Central American nation is the largest employer in the North American Internet gambling sector
PokerStars Will Not Be Affected By PartyGaming Settlements
PokerStars lawyers told a local newspaper that it is "business as usual" for the world's largest online poker room.
Gambling Industry Not Recession Proof We Learn
The top story in 2008 according to CasinoCity.com, the thinking that the casino industry is "recession proof" is no longer true and, unfortunately
Tel Aviv Online Gambling Firms Thrive During Economic Woes
Casino Affiliate Convention organizer, Marc Lesnick, says the Tel Aviv online gambling scene is thriving despite a troubled economy.
Sportingbet Trading in Line Since First Quarter
LONDON, Dec 12 (Reuters) - Online sports betting company Sportingbet (SBT.L: Quote,
Paddy Power Next Airline To Go Bust Ad Doesn’t Fly
The Advertising Standards Authority in the United Kingdom has grounded an ad by Internet gambling powerhouse Paddy Power, which it claims discredits the airline industry. Paddy Power, Ireland's largest bookmaker and a sponsor of the Gambling911.com website, had been offering odds on which major commercial airline would go under next.
The Paddy Power press campaign, which ran in national newspapers, used the headline "Next airline to go bust?".
Hamdemonium Betting This Christmas Time?
It sounds like a storyline from the movie "Aporkalypse Now' as hamdemonium continues to spread across the Irish food industry.
Mediacom Grabs £10million Sportingbet Ad Account
And the winner is....Mediacom. The media buyer has been tasked with handling media for the company's website brands such as
Cantor Gaming: More Mysteries Abound
Another chapter in the successful yet tragic story of Cantor Fitzgerald closed last week. Or did it?
Cantor Gaming, a well known name in the online gambling realm, recently notified its users that it is determined to cease ‘providing services to retail customers' which turned with closing Cantor Casino.com and Red Lounge Casino.com while Cantor-Poker.com remains operating.
Bookie Offers Odds on Aer Lingus Ryanair Shares
The odds of the Irish government selling its shares in flagship carrier, Aer Lingus, to one of Europe's biggest low fare airlines, Ryanair, were set at 5-2 at
Online Gambling Cheaper Than Going Out to The Pub
One of the reasons online gambling is not witnessing much of a decline during this troubling economic downturn: It is an entertainment which can be a lot cheaper than going out to a restaurant or t
