US Financial News

US Financial News and Odds on the US Economy

How Internet Gambling is Keeping Wall Street Rich

Using skills honed on the Street, he's turned poker into just one more exotic financial transaction.

Submitted by Guest on, Jun/28/2009

Economy Really Affecting 2009 World Series of Poker?

There was great buzz during the initial week of the 2009 World Series of Poker as record participation had been declared for certain events.

Submitted by C Costigan on, Jun/28/2009

Tax Firms Warn IRS Cracking Down on Offshore Monies

Tax firms are now scrambling to comply with stricter regulations that require any clients who maintain monies offshore must file the proper forms and claim every last penny.  And this applies to t

Submitted by Jagajeet Chiba on, Jun/25/2009

Harrah’s Believes They Will Have Success in Online Gambling

MGM tried and failed to enter the online gambling market several years back.  Like MGM, Harrah's has planned to start offering its Internet gambling product in Europe where it will compete head on

Submitted by C Costigan on, Jun/22/2009

Fontainebleau Las Vegas in Chapter 11: Ceiling Collapses at Miami Hotel

Fontainebleau Las Vegas, a $3 billion resort project on the Las Vegas Strip, filed for bankruptcy-court protection late Tuesday, the project's owners said.

Submitted by Guest on, Jun/10/2009

Harrah’s New Online Poker Unit Coming to Montreal

As first reported on Gambling911.com, Harrah's will be launching a new online unit.

Submitted by Jagajeet Chiba on, Jun/01/2009

MGM Told to Cut Ties With Macau and Pansy Ho

New Jersey regulators have told MGM they need to abandon a joint venture with Macau and Pansy Ho, accusing the later of being part of an organized crime family.

Submitted by Jagajeet Chiba on, May/28/2009

Harrah’s $1 Billion in New Notes to Pay Old Debts

LAS VEGAS-(Associated Press) - Casino operator Harrah's Entertainment Inc.

Submitted by Guest on, May/28/2009

Harrah’s Forms Harrah’s Interactive Entertainment to go Online

Harrah's Entertainment, Inc. (Harrah's) announced today that it has established a new subsidiary, Harrah's Interactive Entertainment, Inc.

Submitted by Guest on, May/22/2009

American Idol Finale Helps Bring Gambling911.com Record Traffic

So far the month of May has been a banner period for the Gambling911.com website, which kicked off with its biggest day since coming online in September 2000.  The Kentucky Derby resulted in just

Submitted by C Costigan on, May/21/2009

Atlantic City Profits Way Down: Sports Betting a Must

It's more bad news for Atlantic City as the East Coast casino empire witnessed gross operating profits decline by more than 38 percent in the first quarter of 2009.

Submitted by C Costigan on, May/21/2009

Judge Might Dismiss Case Regarding Donald Trump’s Net Worth

CAMDEN, N.J. (Associated Press) - Donald Trump is known for putting a positive spin even on news that doesn't seem positive. But there is one way to get him down: Call him a millionaire.

Trump, who says he's a billionaire, is suing the author of a book in which three unnamed sources said Trump's net worth is between $150 million and $250 million. The Donald claims it was malicious, and it hurt his business.

Submitted by Guest on, May/20/2009

Delaware Governor Speaks About Sports Betting

Delaware Governor Jack Markell spoke on a Sports Illustrated web telecast Tuesday regarding his decision to support legalized sports betting in his state.

Delaware becomes the only state east of the Mississippi River to allow betting on sports after the governor signed the legislation with Markell signing the bill into law this past Thursday. 

Submitted by C Costigan on, May/19/2009

Obama Refuses to Meet With Nevada Governor

President Barack Obama has refused to meet with Nevada Governor Jim Gibbons and other key business leaders in the state according to news reports.

Governor Gibbons requested the meeting in a letter to President Obama so the President could address statements he made that were critical to Nevada and have caused economic damage to convention business and tourism business, according to Action News 13 out of Las Vegas.

Submitted by Jagajeet Chiba on, May/18/2009

Delaware House Approves Revised Gambling Bill

USA Today reports that the Delaware legislature took the first step toward establishing sports gambling in the state, approving a bill early Friday morning that was opposed by every major sports le

Submitted by Payton on, May/08/2009

Las Vegas Sands Losses Mount

LAS VEGAS (AP) - Casino operator Las Vegas Sands Corp.

Submitted by Guest on, May/06/2009

Recession Having Little Affect on Kentucky Derby Online Gambling

Bloomberg News was reporting on Friday that Kentucky Derby betting may fall 30 percent as the worst economy in a generation hits Louisville.  Not so with online gambling as Gambling911.com was see

Submitted by C Costigan on, May/01/2009

Verizon in Hot Pursuit of Apple iPhone: Odds Posted

Recent frantic reports emerged over the past few days claiming Verizon Wireless' hot pursuit of an iPhone or iPhone like device from Apple in order to compete with AT&T, which has exclusive rig

Submitted by Guest on, Apr/30/2009

Harrah’s Gets Hit Hard By Economy: 2009 WSOP Hotel Rates Slashed

 

The world's largest casino operator and owner of the World Series of Poker, Harrah's Entertainment Inc., reported first quarter financial results Monday that showed a further decline in revenue.  The company said its revenue had declined 13.3 percent to $2.254 billion in the first quarter.  The pinch was felt especially hard in Las Vegas where these numbers were 20.5 percent (down to $686.4 million) while cash flow fell 27.9 percent to $198.6 million. 

Submitted by C Costigan on, Apr/28/2009

James Packer’s Las Vegas Nightmare Just Got Worse

James Packer's largest investment in the gambling mecca is in dire straits after a US casino development company in which his Crown had invested defaulted on $US800 million in loans.

Submitted by C Costigan on, Apr/26/2009

Marijuana, Online Gambling Good: Personal Financial Management Bad

If Congressman Barney Frank had his way, online gambling and marijuana would be legalized.  However, he would not allow personal freedoms when it comes to one's own financial decisions.

Submitted by C Costigan on, Apr/24/2009

Recession Forces Mainstream Media to Reconsider Online Poker Stance

With an understanding that online poker, casinos and sports betting take in several billion a year, mainstream media outlets once opposed to advertising with related venues are now beginning to und

Submitted by C Costigan on, Apr/23/2009

Massachusetts Looks to Casino Gambling to Fill Coffers

Senate President Therese Murray has brought the casino debate to the table in Massachusetts.

Submitted by Payton on, Apr/18/2009

Recession Casualty: Elvis Evicted From Las Vegas

The recession is hitting many people and places hard.  Las Vegas is among the hardest hit and this week came the shocking news that Elvis Presley (a Vegas icon for years) is now being evicted.

According to the Las Vegas Review Journal, a group of investors who had planned on creating a $475 million Elvis Presley-themed resort on the Strip could be forced to sell the property.  The reason: 

Submitted by Jagajeet Chiba on, Apr/17/2009

Harrah’s Will Not Utilize Online Poker Software From US-Facing Firms

Harrah's, the Las Vegas casino giant, is looking to get into the online poker market.   Sources close to the situation tell Gambling911.com that Harrah's will not be accepting bets from those ind

Submitted by C Costigan on, Apr/15/2009

PartyGaming Former Executive Mitch Garber Joins Harrah’s

Harrah's, which owns the World Series of Poker, has just brought former PartyGaming CEO Mitch Garber on board to head a new company that will handle its online operations.  The move has fueled spe

Submitted by C Costigan on, Apr/12/2009

Recession Has Little Impact On 2009 US Masters Betting

As with the Super Bowl, Oscars and NCAA Men's Basketball Tournament, traffic results from Gambling911.com once again indicate that a major sporting event has shattered all betting records.  This t

Submitted by C Costigan on, Apr/12/2009

If Vegas Project Fails It Will Be Like Pearl Harbor

LAS VEGAS (Reuters) - It was conceived as the centerpiece of a thriving Las Vegas -- one of the world's most expensive building projects that would bring back glamour to the Strip and cap an unprec

Submitted by C Costigan on, Apr/10/2009

Atlantic City Revenue Drop Biggest in 30 Years

(Reuters) - Atlantic City casinos revenues dropped by a record margin for the second straight month in March, officials said on Thursday, as the recession and competition from other states cut gamb

Submitted by Guest on, Apr/09/2009

CAC Amsterdam Prolonged Hangovers From Fewer Sponsored Parties

All those fine CAC Amsterdam reports began popping up this week - about 7 days after the world's largest online casino affiliate event had ended.  Marc Lesnick, the conference organizer, stated th

Submitted by C Costigan on, Apr/08/2009

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Connect With the Best at SBC Digital Summit North America

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