Gambling Companies
Gambling Companies, Gambling Stocks
Poker Phenom Viktor Blom Ends Sponsorship Deal With PokerStars
Famed Swedish online poker player Viktor “Isildur1” Blom has ended his representation of the world’s largest online poker room, PokerStars, after nearly a two-year relationship.
Record Bad Beat Jackpot Paid Out by Caesars Entertainment in Atlantic City
A bad beat jackpot spread out across five different Atlantic City casinos paid out around $800,000 to 411 poker players Monday, the largest amount in two years since inception of the bad beat jackpot concept. Caesars Entertainment offered the jackpots.
Vice Presidential Hopeful Paul Ryan Meets With Republican Donors at Adelson Property
US Vice Presidential hopeful Paul Ryan has scheduled to meet with deep-pocketed Republican donors at the Venetian Hotel in Las Vegas. That property just happens to be owned by the granddaddy of GOP donors, casino billionaire Sheldon Adelson.
The Wisconsin congressman will meet with members of the Nevada finance team on Tuesday evening - his first such event as part of Mitt Romney's campaign - but members of the media will not be allowed to attend, according to Reuters.
SkyCity Profits Up Nearly 13 Percent on Year
Aug 15 (Reuters) - New Zealand gaming company SkyCity Entertainment Group on Wednesday said its profits for the year rose almost 13 percent on improving revenue.
Sky City, which owns or has interest in four of the country's six casinos and two in Australia, reported a net profit of NZ$138.5 million ($111.7 million) in the 12 months to June 30, up 12.6 percent from NZ$123 million last year.
A Reuters estimate based on three analysts forecast a profit of NZ$142.2 million.
SkyCity announced a final dividend of 8 cents per share, unchanged from a year ago.
Jerry’s Nugget Casino Files for Bankruptcy
NORTH LAS VEGAS, Nev. (Associated Press) - A casino that's been a fixture in North Las Vegas since it opened in 1964 has filed for Chapter 11 bankruptcy protection.
Jerry's Nugget casino filed papers Monday after efforts to restructure its debt fell through. Chapter 11 protection allows the business to continue operating while coming up with a reorganization plan.
Record Breaking £80-100 Million Bet on London Olympics
The final tallies are out and the big winners at this year’s London Olympics was not the athletes but rather the online bookmakers.
An estimated £80-100 Million is believed to have been wagered on the London Olympics, according to Sporting Index. Initial forecasts called for somewhere between £20-£40m.
Chuck Blount on Legalized Internet Poker in the US: ‘Reason For Hope’
Since Gambling911.com first broke the story that PokerStars had reached a deal with the US Government to pay back players owed by Full Tilt Poker as part of an acquisition of its one time rival, some skeptics have expressed concerns over whether US players will actually see their monies.
Nevada Regulators Investigating Sheldon Adelson’s Sands Corp re Bribery Charges
Nevada gaming regulators are reportedly looking into whether Sheldon Adelson’s Las Vegas Sands Corp broke stringent bribery laws through its dealings in the Asian gambling Mecca of Macau.
Former Full Tilt Poker Patsy Michele Clayborne Says She’s No ‘Sybil’
One time lackey for Full Tilt Poker, Michele Clayborne, insists she never posted on public message boards as a man in an effort to cover up the mess transpiring at her former employer.
Immediately following the indictments of Full Tilt Poker executives on April 15, 2012, an individual using the handle “FTPDoug” took to the posting forums insisting all was well at FTP.
All was not okay at Full Tilt Poker, however, and “FTPDoug” was immediately called out as Ms. Clayborne by some.
PartyPoker Launches FastForward Fast Fold Poker Game Platform
PartyPoker, the world’s third largest online poker room, is the latest to offer its very own fast fold poker game, FastForward.
FastForward follows in the footsteps of PokerStars Zoom and iPoker’s Speed Hold’em.
Maryland Senate Gives Preliminary OK to Gambling Bill
Brian White, Associated Press
The Maryland Senate gave preliminary approval to expanding gambling to allow table games like blackjack and a new casino near the nation's capital.
The Senate, which took a recess on Friday until 6 p.m., planned to take a vote in the evening.
Senators spent much of the afternoon rejecting amendments, including one that would have lifted a provision in the bill to ban political contributions from casino owners.
PokerStrategy Sues Full Tilt Poker, Pocket Kings for $1.2 Million
eGaming Review Magazine this week revealed that the online poker portal, PokerStrategy.com, has sued Full Tilt Poker for $1.2 million claiming unpaid ad revenue.
MGM Posts 2nd Quarter Loss, but Revenue Surges 29 Percent
(Associated Press) - MGM Resorts International on Tuesday posted a second-quarter loss double what Wall Street was expecting, but revenue surged 29 percent on gambling and hotel room gains.
Shares rose 12 cents to $9.38 as the market opened.
The Las Vegas company, which runs the MGM Grand, Bellagio, Mandalay Bay and other properties, lost $145.5 million, or 30 cents per share, compared with a year-ago profit of $3.44 billion, or $6.22 per share.
Foxwoods CEO Sees Business Shift
HARTFORD, Conn. (Associated Press) — Increased gambling competition is forcing the largest casino in the Western Hemisphere to shift its business to include more non-gambling enterprises such as retail and conferences, the chief executive of Foxwoods Resort Casino said Thursday.
Scott Butera, CEO of the Indian-run casino, said in an interview with The Associated Press that Foxwoods anticipated the success of New York's Aqueduct Racetrack "racino."
"We planned for the effects of Aqueduct," Butera said.
Record $1.13 Billion Bet at Aqueduct Racetrack in July
(Associated Press) - More than a billion dollars bet by nearly a million customers last month is the latest evidence that the “racino” at Aqueduct Racetrack in New York City is capitalizing on its prime location and drawing dollars and gamblers from neighboring states’ casinos.
Absolute Poker Liquidation Confirmed by Kahnawake
Claims of ownership interest in Absolute Poker parent company Blanca need to be settled prior to the distribution of liquidated assets, PokerFuse.com was reporting on Wednesday.
Moody’s Investment Service Backs Mohegan Sun Purchase of Resorts Casino Hotel
HARTFORD, Conn. – (Associated Press) - A ratings agency says the deal in which Connecticut-based Mohegan Sun casino operators will manage Resorts Casino Hotel in Atlantic City could boost the Mohegan tribal authority's management venture.
Moody's Investors Service said Wednesday that to the extent the Mohegan Tribal Gaming Authority can improve the performance at Resorts and develop a successful track record in Atlantic City's challenging market, the deal could result in more management contract opportunities.
South Point Casino Receives Tentative Approval for ‘Real Money’ Internet Poker
LAS VEGAS (Associated Press) - Nevada state gambling regulators have given tentative approval for a casino's plan to operate an Internet poker website accessible only within Nevada boundaries.
The state Gaming Control Board in Carson City gave conditional approval Wednesday for the South Point casino to conduct interactive gambling.
The Las Vegas Review-Journal reports that if the Nevada Gaming Commission gives the OK on Aug. 23, the casino owned by Michael Gaughan would be the first licensed for interactive gambling.
Mobile Gambling Comes to Atlantic City
TRENTON — (Associated Press) - Adults who patronize Atlantic City’s casinos will soon be able to gamble at the pool, in their hotel rooms or while waiting in line at the buffet.
Gov. Chris Christie has signed legislation increasing gambling options to include handheld devices.
Mobile gambling will be restricted to the casino property.
Mohegan Sun Takes Over Atlantic City Resorts Casino Hotel
ATLANTIC CITY, N.J. — (Associated Press) - The tribe that owns the Mohegan Sun casino extended its reach in the East on Tuesday by taking over operations of Atlantic City’s oldest casino, planting itself in the region’s gambling mecca as an alternative to luring tourists to its slot machines and poker tables in eastern Connecticut.
Facebook Friendzy ‘Real Money’ Online Gambling Appears to Target Little Ones
With the “real money” online gambling launch of Bingo & Slots Friendzy on Facebook in Great Britain Tuesday, courtesy of provider Gamesys, mums across the nation have begun condemning the deal.
Indeed, the new app appears to have the look and feel of a child’s game.
"If my child came and asked me for money to play on this, I'd be livid," one mother said, speaking with TechEye.com. "But then I couldn't blame him, it looks like a very simple child's game."
Zokay Entertainment Acquires Global Poker Index
Zokay Entertainment announced today that it has acquired the Global Poker Index (GPI) from Pinnacle Entertainment. The GPI is a patent pending system that ranks the weekly performance of the world’s top 300 live tournament poker players. Since its launch in June of 2011, the entire poker community has embraced the GPI and considers it to be the most respected and well recognized independent ranking system for live tournament poker players worldwide
Real Money Online Gambling Doesn’t Help Facebook as Shares Continue Skid
Facebook Inc. extended its decline through Tuesday (August 7, 2012) with the stock falling 5.5 percent to $20.72 at the closing bell in New York, this despite news that the company would begin offering real money online gambling in the United Kingdom.
The social media giant, which went public in May, is now down 45 percent after peaking at $38 per share.
Americas Cardroom Introduces CAP Tables: Limits How Much Players in Hand Can Bet
The online poker site that's famous for listening to its player base and making enhancements that make its software more attractive has done it again. Americas Cardroom has introduced CAP tables as part of their latest software release. The tables will be available in low-stakes tables to start.
Naughty Poker a ‘Tasteful and Classy’ Kind of Online Strip Poker Game Claims Founder
"It is naughty, but it's a tasteful and classy kind of naughtiness combined with fast-paced game play that makes Naughty Poker a thrilling experience beyond any other online strip poker," says David Shiller, a Toronto-based software engineer who developed the new online strip poker site aptly titled “Naughty Poker”.
Sure there is some degree of skill we suppose.
Here's how the game works:
MGM 2nd Quarter Loss Double What Wall Street Expected
NEW YORK — (Associated Press) - MGM Resorts International on Tuesday posted a second-quarter loss double what Wall Street was expecting, but revenue surged 29 percent on gambling and hotel room gains.
Shares rose 12 cents to $9.38 as the market opened.
The Las Vegas company, which runs the MGM Grand, Bellagio, Mandalay Bay and other properties, lost $145.5 million, or 30 cents per share, compared with a year-ago profit of $3.44 billion, or $6.22 per share.
Amazon Enters Social Gaming Fray
Amazon.com is the latest company to enter the social gaming sector, though no word yet as to whether the online retailer will introduce poker.
For now, Amazon plans to kick off its social gaming with a product line called “Amazon Game Studios” while introducing a Facebook game titled “Living Classics”.
A company statement was released late Monday.
Facebook Launches Real Money Online Gambling in UK with Bingo Friendzy App
Breaking News 5:45 am EDT: Facebook announced this morning that it will begin to offer real money online gambling to UK residents 18 years and up beginning today, August 7, 2012, via a new Bingo Friendzy
app in conjunction with Gamesys, one of the UK’s largest online gambling operators.
“Gambling is very popular and well regulated in the UK . . . for millions of bingo users it’s already a social experience [so] it makes sense [for us] to offer that as well,” said Julien Codorniou, Facebook’s head of gaming for Europe, Middle East and Africa.
Betting the NFL on a Tablet Now Possible as Bookmaker Unveils New Website for iPad Users
Bookmaker has unveiled its new tablet website just in time for the 2012 NFL betting season.
A tablet computer is a mobile device larger than a phone, the most popular of which is the Apple iPad.
Atlantic City Resorts Casino Hotel to be Operated by Mohegan Sun
(Associated Press) - The owners of Resorts Casino Hotel, Atlantic City's first casino, are poised to hand over management to the Indian tribe that operates the Mohegan Sun casinos in Connecticut and Pennsylvania, according to a published report.
