Gambling Companies

Gambling Companies, Gambling Stocks

PokerStars Will Have Tough Time Obtaining License in Nevada

In a report filed by CardPlayer.com’s Brian Pempus this week, it was revealed that PokerStars will have some serious “credibility issues to overcome” should it want to obtain a license to operate an online poker site from the state of Nevada. 

Submitted by Aaron Goldstein on, Aug/02/2012

Moore Games Accuses Playtech ‘s iPoker Network of Holding Funds, Not Paying Players

Playtech and its iPoker Network arm went on the defensive this week, denying claims made by its former Swedish poker skin Moore Games, that they are the one’s holding player funds.

Submitted by Nagesh Rath on, Aug/02/2012

Dusty ‘Leatherass’ Schmidt Becomes First Americas Cardroom Elite Pro

Dusty "Leatherass" Schmidt will represent Americas Cardroom at poker events (including the upcoming Punta Cana Poker Classic in November), and will also create blogs for the site's members. He will also be closely involved in the selection of other pros for the ACR Elite team, seeking players who are dedicated to the online game and are active in social media.

Submitted by Guest on, Aug/02/2012

Screwed: Sheldon Adelson’s Sands Corp 'Prostitution Strategy' Docs Under Scrutiny

Former Sands CEO Steven Jacobs alleges that casino billionaire Sheldon Adelson and his company, the Las Vegas Sands, engaged in all kinds of illegal activities in Macau, the most notable being a Chinese “prostitution strategy”.

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Submitted by Aaron Goldstein on, Aug/02/2012

Ladbrokes Vows to Fix Online Woes as Poker Revenue Dips, Shares Drop

(Reuters) - Ladbrokes, Britain's second-biggest bookmaker, pledged on Thursday to fix its ailing digital operations where profits halved in the first six months of 2012 in contrast to a strong online performance by its rivals.

Its British high street business and an improved performance in European retail and telephone operations helped to fuel an 11 percent rise in group operating profit to 106.9 million pounds ($166.6 million) in the first half, just ahead of forecasts.

Shares in Ladbrokes added 1.8 pence to 156.5 pence by 0810 GMT.

Submitted by Guest on, Aug/02/2012

Shamballa Jewels Renews Partnership with European Poker Tour for Season 9

EPT President Edgar Stuchly today announced that the European Poker Tour will partner with Shamballa Jewels for a third consecutive year and confirmed the luxury jewellery brand as the Official Bracelet Sponsor of the European Poker Tour Season 9 High Roller and Super High Roller events. 

This announcement marks the second major EPT Season 9 sponsorship deal after Slyde by HD3 watches was confirmed as the Official Watch Sponsor of the European Poker Tour Season 9 Main Events.

Submitted by Guest on, Aug/02/2012

CNBC: Sheldon Adelson Casino Probed in ‘Prostitution Probe’

Casino billionaire Sheldon Adelson’s Sands Casino in Macau is reportedly under investigation by the local Chinese Government according to a CNBC report.

BetOnline

The company reportedly transferred documents linked to a wrongful dismissal case to the United States from Macau.

Submitted by Aaron Goldstein on, Aug/01/2012

Zynga Execs Accused of Insider Trading: Slapped With Lawsuit

Social gaming company Zynga, its executives and bankers were hit with a class action lawsuit Tuesday alleging insider trading. 

From MSNBC.com

Submitted by Aaron Goldstein on, Aug/01/2012

Macau Gambling Revenue Slowest Since 2009: Tropical Storm Blamed

(Reuters) - Gambling revenue in Macau, the world's largest gambling market, inched up 1.5 percent in July from a year earlier, the slowest growth since the financial crisis in 2009 as a tropical storm reduced visitor numbers, compounding subdued demand from Chinese gamblers.

July's revenue was 24.58 billion patacas ($3.08 billion dollars), though still ahead of analyst expectations and up from 23.3 billion patacas in June, government data showed on Wednesday. Analysts had forecast July growth to be flat or down 1 percent year-on-year.

Submitted by Guest on, Aug/01/2012

Leaked Email: PokerStars Chairman Seeks World Domination

Following news that the world’s largest “real money” online poker venture, PokerStars, will be acquiring its one time second biggest rival, revelations have surfaced regarding Stars intent and its pursuit of world domination, at least within the Internet poker universe. 

From eGaming Review Magazine

Submitted by Ace King on, Aug/01/2012

Mohegan Sun Posts Profits Plunge More Than Two Thirds

By STEPHEN SINGER

(Associated Press) - The parent company of the Mohegan Sun casinos in Connecticut and Pennsylvania reported Tuesday that third-quarter profit plunged more than two-thirds as new casinos in the Northeast lured away gamblers and remaining customers reduced spending.

The Mohegan Tribal Gaming Authority said that net income for the April-June period was $9.4 million, down nearly 68 percent from the same period last year. Revenue of $344.4 million was down 4.7 percent.

Submitted by Guest on, Jul/31/2012

PokerStars Will be Allowed to Operate in US Once Again

As part of a settlement agreement reached with the US Government on Tuesday, PokerStars has agreed to pay all players owed by Full Tilt Poker living outside the US.  The United States Government will arrange for players within the US to be paid what they are owed.  PokerStars will take over the assets of Full Tilt Poker.

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Submitted by C Costigan on, Jul/31/2012

Shuffle Master Receives License by Nevada to Offer Real Money Online Poker in State

Shuffle Master has received a license by the Nevada Gaming Commission for interactive gaming.

This license will allow Shuffle Master to be a business-to-business partner with land-based casino operators in order to provide online poker games in addition to play-for-fun versions of its world-renowned proprietary table games, such as Three Card Poker, Ultimate Texas Hold'em, and Fortune Pai Gow Poker.

Submitted by Guest on, Jul/30/2012

Ladbrokes Cuts Head of Products Trading Richard Ames as Company Struggles

The United Kingdom’s second largest bookmaker, Ladbrokes, has released Richard Ames, Head of Products Trading, in what appears to be a major transitional period for the company.  Ladbrokes said he will remain on the board for now but that he "has ceased to perform his executive duties with immediate effect."

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Submitted by Aaron Goldstein on, Jul/30/2012

Chili Poker CEO Big News Coming This Week: Zynga Puts Blame on Facebook for Losses

Looks like Chili Poker's CEO is about to make an exciting announcement this week.  It's not about Chili Poker, per sey,  Alexandre Dreyfus tells Gambling911.com, but rather a new venture he is involved with.  Dreyfus sold the Chili Poker database to Poker770 back in March and the technology to Bally Technology in April. 

Alexandre Dreyfus ‏‪@alex_dreyfus

ready for a new venture related to #Poker - more news soon.

Submitted by Aaron Goldstein on, Jul/29/2012

Frustrated US Online-Poker Players Bet on Costa Rica

By TIM JOHNSON

McClatchy Newspapers

JACO BEACH, Costa Rica -- From his oceanfront balcony, Tyler Forrester glanced out at the Pacific surf on the beach. Palm trees rustled in the breeze.

"Tough life I'm living," Forrester said, cackling at his own humor.

Submitted by Guest on, Jul/29/2012

Eolis: Full Tilt Poker Software to Re-launch in November

As reportedly Friday, Gambling911.com has independently confirmed that PokerStars will be given the green light to move ahead and purchase shuttered Full Tilt Poker following a settlement arrangement made with the US Attorney in the Southern District of New York.  This deal also includes the payment of Full Tilt Poker players who have been owed monies for more than a year now.

Submitted by C Costigan on, Jul/28/2012

Breaking News: Full Tilt Poker Players to be Paid in Full, US Attorney Grants Deal

Gambling911.com has confirmed that a deal for PokerStars to acquire Full Tilt Poker has been given approval by the US Attorney’s in the Southern District of New York.  An announcement was forthcoming perhaps as early as next week from the US Attorney’s Office and US Attorney Preet Bharara, who has made it a top priority to ensure that affected customers of Full Tilt Poker be made whole. 

Submitted by C Costigan on, Jul/27/2012

Preet Bharara Receives ‘Person of Year’ Award Ahead of Positive Full Tilt Poker News (Video)

US Attorney for NY Southern District Preet Bharara recently received the India Abroad Person of the Year Award. 

India Abroard is a New York City-based newspaper founded by Gopal Raja in 1970 and is the oldest magazine in the United States focusing on Indian-American affairs. 

Since 2002, the publication has been honoring Indian-American achievers at the annual India Abroad Person of the Year award ceremony.  Past winners include PepsiCo CEO Indra Nooyi and Nobel Prize winner Venkatraman Ramakrishnan.

Submitted by C Costigan on, Jul/27/2012

Paddy Power ‘London Olympic-like’ Ad Can Stay: Locog Furious!

Online gambling houses are not permitted to advertise or associate themselves in any way with the London Olympics, but that didn’t stop the creative folks over at Paddy Power, the UK’s third largest bookmaker, from trying.

The advert, featured prominently at London, England train stations, proclaimed that Paddy Power was “The Official Sponsor of The Largest Athletics Event in London This Year”

Submitted by Aaron Goldstein on, Jul/27/2012

Genting Singapore Shares Fall to 2-Year Low

(Reuters) - Shares of Genting Singapore GENS.SI fell as much as 2.3 percent to its lowest in nearly two years, after rival Las Vegas Sands' LVS.N second-quarter earnings miss raised concerns over the Singapore casino operator's results.

By 0222 GMT, Genting shares were 1.6 percent lower at S$1.26, with 30.2 million shares changing hands, compared to its full-day average volume of 35.2 million shares over the last five sessions.

Submitted by Guest on, Jul/26/2012

Beth Shak Goes on ‘The View’ and Full Tilt Poker Questions Are Out of Bounds

America had a chance this week at hearing some insight into the Full Tilt Poker fiasco from an insider, but the clueless women of "The View" TV show dropped the ball and instead focused exclusively on footwear.

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Submitted by Thomas Somach on, Jul/26/2012

Defendant in ‘Black Friday’ Online Poker Case Gets 3 Years Prison Sentence

A defendant involved in processing millions of dollars in payments for three online poker rooms in the US has been sentenced to three years prison.

Ira Rubin pleaded guilty in January to money laundering, bank fraud and other gambling offenses.  He faced up to 55 years in prison, however, prosecutors recommended 18 to 24 months.

Rubin was indicted along with 10 others in April 2011.  Four of those named in the indictment still remain at large.

Submitted by C Costigan on, Jul/26/2012

Friday Decision Likely on Maryland Special Session to Talk Gambling Expansion

ANNAPOLIS — (Associated Press) - A spokeswoman for Gov. Martin O’Malley says a formal announcement on whether a special session will be held in Maryland to expand gambling is likely to be made on Friday.

Raquel Guillory declined to say definitively on Thursday whether a special session will be held next month. She says details are still being worked out.

On Wednesday, House Speaker Michael Busch met with House Democratic leaders to tell them to be prepared for a special session because he believes the governor will call one.

Submitted by Guest on, Jul/26/2012

Eight Analysts Cut Price Target on Zynga as Texas Hold’em Poker Maker Sees Sharp Decline

Zynga witnessed a 42 percent drop in its share price following less-than-rosy news about the company’s future.  This has prompted eight different analysts to cut their target price on the maker of popular games such as “Farmville” and “Texas Hold’em Poker”.  Of the 24 who follow the company, only give have a ‘buy’ rating on the stock with an average price target set at US$5.

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Submitted by Aaron Goldstein on, Jul/26/2012

First Online Poker Sites Expected to be Operating in Nevada Within 90 Days

Nevada Gaming Control Board Chairman Mark Lipparelli told the Las Vegas Review Journal Thursday (July 26, 2012) that the first licensed online poker rooms could be operating within that state in 60 to 90 days.

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Submitted by Ace King on, Jul/26/2012

Chris Christie Continues to be Adamant: Casino Gambling in Atlantic City Only

Lawmakers in New Jersey want casino gambling a little closer to home for the millions of people who populate the northern portion of that state.  Governor Chris Christie continues to lay down the law, insisting only Atlantic City will play host to casinos there.

Christie’s plan includes a $20 million “Do AC” marketing campaign, tax breaks for developers and state oversight of policing and cleanup, Terrence Dopp of Bloomberg News writes

Submitted by Aaron Goldstein on, Jul/26/2012

Las Vegas Sands Sees Huge 35 Percent 3rd Quarter Plunge

LAS VEGAS — (Associated Press) - Las Vegas Sands Corp. said Wednesday that second-quarter profit tumbled by 35 percent as the casino operator’s table winnings fell at home and in Asia.

Chairman and CEO Sheldon Adelson said the results didn’t meet his expectations. They didn’t meet Wall Street’s, either.

Shares of Las Vegas Sands fell 88 cents, or 2.3 percent, to end regular trading at $37.51. After more than an hour of extended trading after the results came out, the shares had lost another $2.47, or 6.6 percent, to $35.04.

Submitted by Guest on, Jul/25/2012

Zynga CEO Confirms Real Money Online Poker in 2013 During Conference Call

Following a late afternoon collapse of Zynga’s share price Wednesday, CEO Mark Pincus confirmed reports featured on Gambling911.com earlier in the week that the company will be offering “real money” online poker in the first half of 2013

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Submitted by Aaron Goldstein on, Jul/25/2012

Gay Poker Players Head Into The Closet With New Shirt Line

High profile gay poker players the likes of Jason Somerville and Vanessa Selbst have increased interest in the game within the LGBT community. 

And now there’s a merchandise line that is looking to capitalize on this trend. 

It’s Poker Pride!

Submitted by C Costigan on, Jul/25/2012

Breaking News

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