US Financial News

US Financial News and Odds on the US Economy

Las Vegas Economy is Scary

The Las Vegas economy is showing signs of further deterioration, as unemployment continues to climb.



The department's latest data show records of 13.3 percent joblessness statewide and 13.9 percent in Las Vegas in September, and the building sector leads the way in job loss. Contractors added 48,000 jobs statewide from 1997 to 2007, and they've shed 50,000 positions since the recession began in December 2007.

Submitted by Payton on, Oct/19/2009

Betfair will offer U.S. pools overseas

By Matt Hegarty, Daily Racing Form

Submitted by Guest on, Oct/14/2009

Phil Hellmuth vs. Harrah’s and the World Series of Poker

World Series of Poker record bracelet holder Phil Hellmuth is not exactly happy with the tournament these days or the folks who run it, Harrah's.

Hellmuth spoke to French media about how Harrah's new online poker website could damage the WSOP.  The site will not be available to US customers at the onset.  Harrah's announced a partnership agreement with the strong European brand, 888.com earlier last month. 

Submitted by Jagajeet Chiba on, Oct/02/2009

Poker Pages Pulling The Plug

One of the most popular and comprehensive sources on the Internet for news and information about the game of poker is pulling the plug.

On itself.

Poker Pages (www.pokerpages.com), which among other things provides one of the poker world's best online databases of professional poker players' updated tournament earnings, posted a notice on its website Thursday announcing its own demise.

Submitted by Thomas Somach on, Oct/02/2009

Is Harrah’s Buying Planet Hollywood?

The Las Vegas Review Journal is reporting that Harrah's is buying Planet Hollywood, or at least its debt.   Analysts, however, believe that this move could be the precursor to Harrah's outright p

Submitted by Jagajeet Chiba on, Sep/15/2009

Packer May Target U.S. Casino Assets, Citigroup Says

Sept. 8 (Bloomberg) -- Australian billionaire James Packer may seek new U.S.

Submitted by Guest on, Sep/08/2009

Luck Runs Out on Vegas Boom

Michael A. Hiltzik and Ashley Powers, Los Angeles Times Staff Writers

Submitted by Guest on, Sep/08/2009

College Football Betting: Bookies Make Out Like Bandits

In what was arguably the best showing for online bookmakers and the Vegas shops of any College Football season opener, the public lost nearly every game this past weekend.   The carnage was enoug

Submitted by C Costigan on, Sep/07/2009

Online Poker Mac OS X Version for Apple Users Released

This September, UltimateBet ("UB") is set to unleash its new Mac-compatible online poker client, providing Mac players everywhere with unparalleled access to the much-loved games and feat

Submitted by Guest on, Sep/01/2009

PartyGaming Claims US Legal Issues Gave It Advantage

PartyGaming's settlement of its US liabilities has given it an advantage over rivals in the consolidation of the online gambling market, according to Jim Ryan, chief executive.

The operator of PartyPoker followed up its $105m (£64.4m) settlement with the US Department of Justice in April with a £72m cash purchase in July of online bingo website Cashcade from Independent News & Media, beating a bid from 888. It paid £12.3m for the World Poker Tour.

Submitted by Guest on, Aug/30/2009

PokerStars - Revision

ISLE OF MAN, UK, AUGUST 26, 2009 - A number of recent commentaries have included estimates about our market share in the US which are significantly wrong.

Submitted by Guest on, Aug/26/2009

Massachusetts - Gambling in Near Future

Although the details are fuzzy, Massachusetts officials see gambling in their state in the near future.

Submitted by Payton on, Aug/24/2009

Trump Casinos Post $443 Million Loss

Donald Wittkowski, Press of Atlantic City

ATLANTIC CITY - Trump Entertainment Resorts Inc., currently in the midst of an ownership fight between Donald Trump and corporate bondholders, fell to a huge loss in the second quarter, reflecting the lower value of two of its three casinos.

The company reported a net loss of $443.1 million, or $13.97 per share, compared to a net loss of $29.8 million, or 94 cents per share, in the same quarter last year.

Submitted by Guest on, Aug/11/2009

Hard Rock Hotel, Atlantic City Casinos Continue to Hurt

The recession is still taking its toll on the casino industry.  Atlantic City in particular is getting decimated. 

Submitted by Jagajeet Chiba on, Aug/10/2009

Newspaper Industry Could be Saved by Online Gambling

How's this for some "out of the box" thinking?

Submitted by Jagajeet Chiba on, Aug/07/2009

World Poker Tour Sold for $9.075 Mil

WPT Enterprises, Inc.

Submitted by Guest on, Aug/04/2009

States Want Legalized Gambling, Sports Betting Now

With the recession and individual states hurting for ways to make money, over the next several months right into 2010 we will be reading a lot here at Gambling911.com about states wanting to get in

Submitted by C Costigan on, Aug/04/2009

Gambling Companies Could Leave Costa Rica if Taxed

Following news over the past two weeks that the Government of Costa Rica is considering taxing online gambling firms operating in that country, operators have told Gambling911.com they would leave

Submitted by C Costigan on, Aug/03/2009

Wynn Resorts' 2Q Profit Plunges but Beats Forecast

LAS VEGAS - (Associated Press) - Lower gambling revenue and continuing costs of opening its newest casino, Encore at Wynn Las Vegas, punished Wynn Resorts Ltd., but the 91 percent drop in profit it

Submitted by Guest on, Jul/31/2009

Stations Casino Files for Bankruptcy

By TAMARA AUDI, www.wsj.com

Las Vegas-based Station Casinos Inc. filed for bankruptcy protection Tuesday, making it the latest casualty in the recession-wracked gambling industry.

Submitted by Guest on, Jul/29/2009

Zookz.com Record Industry Pirating Result of UIGEA

Here is an interesting spin on the current state of the record industry and pirating downloads.

Submitted by Jagajeet Chiba on, Jul/16/2009

Woo Interviews Harrah’s Interactive Entertainment CEO Mitch Garber

I recently had an opportunity to sit down with the CEO of Harrah's new division, Harrah's Interactive Entertainment.  His name is Mitch Garber and if the name rings a bell, it probably should.  F

Submitted by C Costigan on, Jul/15/2009

Mitch Garber: Harrah’s Won’t Make Same Mistakes MGM Made Online

In an interview to be published on the Gambling911.com website Wednesday, Harrah's Interactive Entertainment's new CEO, Mitch Garber, reassured that his company's move into the European online gamb

Submitted by Guest on, Jul/14/2009

Aristocrat Leisure Appoints New Executive Team

Gaming machine maker Aristocrat Leisure has announced a new executive team, and the retirement of two current senior executives.

Submitted by Guest on, Jul/13/2009

World Poker Tour Up For Sale Reports Wall Street Journal

The Wall Street Journal on Monday featured a story that claimed "It was a good bet that the World Poker Tour is up for Sale". 

Submitted by Guest on, Jul/13/2009

New Jersey Economy Can Be Helped by Sports Betting

The state of New Jersey desperately needs a boost to help its troubled economy... and so too does its Governor, Jon Corzine.

Submitted by Jagajeet Chiba on, Jul/13/2009

Odds Look Good For Gamblers

Javier Espinoza, Forbes.com

LONDON -- Despite warmer weather and tough economic conditions, sofa spuds are still playing high rollers in virtual casinos. On Thursday online gaming firm PartyGaming, reportedly a takeover target of Nasdaq-listed rival Gigamedia, saw a jump in shares as much a 7% after it said trading in the second quarter has been robust with revenues in line with the first quarter.

Submitted by Guest on, Jul/12/2009

British Open Betting a Cure for the Recession Blues?

The British Open ranks as the most bet on event in the United Kingdom.  The popular golf tournament begins Thursday July 16.

Submitted by Don Shapiro on, Jul/09/2009

Gambling Stocks: The Good During This Recession

Alan Farley of the Street.com this week profiled four gambling stocks.

Submitted by Jagajeet Chiba on, Jul/01/2009

Breaking News

Bookmaking Business for Dummies

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Connect With the Best at SBC Digital Summit North America

Connect With the Best at SBC Digital Summit North America

SBC Digital Summit North America is set to provide a valuable forum for sportsbook and casino operators to connect with suppliers and affiliates, thanks to its advanced networking and expo offerings.

Where Can I Find a Good Pay Per Head Sportsbook Solution for Riverside, CA (2020)

Where Can I Find a Good Pay Per Head Sportsbook Solution for Riverside, CA (2020)

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