US Financial News

US Financial News and Odds on the US Economy

James Packer Could Still Prove a Savior to Las Vegas

JAMES PACKER will be reviewing Las Vegas gaming revenue for the second time in five months, though he might be disturbed by what he sees.

Submitted by Alistair Prescott on, Apr/08/2009

Allen Stanford Expects to be Indicted in Two Weeks

International financier and Antigua's biggest banker, Allen Stanford, said in an interview Monday that he anticipates being indicted within the next two weeks.  Stanford cried, denied and threaten

Submitted by Jagajeet Chiba on, Apr/06/2009

Crown Casino Won’t be Taking Stake in Las Vegas Project

Australia's Crown Casino has denied media reports that it plans to take a stake in the troubled City Center development in Las Vegas.

Submitted by Jagajeet Chiba on, Apr/05/2009

Casino Stocks Up: Wynns, MGM Grand

While the news has been mostly bleak for the land-based casino sector, good news has come this week from Wall Street.

Submitted by Jagajeet Chiba on, Apr/01/2009

UFC Bans Full Tilt Poker

The world's second largest online poker, Full Tilt Poker, has been banned by the UFC (Ultimate Fighting Championship).

Submitted by C Costigan on, Mar/26/2009

Federal Lawsuit Filed to Legalize Sports Betting in New Jersey

It's a battle state lawmakers have been fighting for some time, and today a federal lawsuit was filed in hopes of legalizing sports betting in all 50 states.

Submitted by Guest on, Mar/24/2009

Obama: No Stimulus Money For Vegas Casinos

A provision related to the federal stimulus bill makes it clear that Las Vegas casinos are not to receive any of the money.

Submitted by C Costigan on, Mar/21/2009

Could Full Tilt Poker Buy a Vegas Casino?

Much of the talk over the past few years has related to a Las Vegas casino property such as MGM or Harrah's purchasing an already established online poker firm the likes of

Submitted by C Costigan on, Mar/19/2009

World Series of Poker Sponsor Harrah's Cash Flow a Problem

Earlier in the week, Gambling911.com reported on how MGM was in serious financial peril.  Now comes word that World Series of Poker sponsor, Harrah's, may not be able to fund its debt. 

Submitted by Jagajeet Chiba on, Mar/19/2009

Station Casinos Filing For Bankruptcy

Station Casinos Inc.

Submitted by Guest on, Mar/18/2009

Vegas Looks to Compete With Online Gambling Sites: American Idol, Oscars

The state of Nevada has come to the realization that they are missing out on some of the biggest betting events of the year.  While Las Vegas sportsbooks capitalize on the Super Bowl and the curre

Submitted by Jagajeet Chiba on, Mar/18/2009

Wayne Root: Obama Insults Small Business Owners

2008 Libertarian Vice Presidential candidate and one time sports service consultant, Wayne Allyn Root, is a small business owner.

Submitted by Guest on, Mar/17/2009

2009 March Madness Will Test Vegas Economy, Online Websites

While online sports betting seems to be up over last year, the Las Vegas economy has been hard hit.  Vegas like many event-oriented cities is counting on the 2009 March Madness to help give a much

Submitted by C Costigan on, Mar/14/2009

Allen Stanford Booted Off Billionaire List

Allen Stanford, All Stanford, the Texan accused of an $8 billion fraud by U.S.

Submitted by Jagajeet Chiba on, Mar/11/2009

Las Vegas Economy: Total Train Wreck

The effects of a bad economy are hitting Las Vegas like a multi-pronged attack. As people find their disposable income dwindling, tourism and gambling are at an all time low in Sin City.

Submitted by Payton on, Mar/11/2009

March Madness Contests Will Prove Major Draw During Recession

One of the biggest betting periods of the year is about to get underway with the start of 2009 March Madness.  For many of the online gambling sites, the lure will be March Madness contests, many

Submitted by C Costigan on, Mar/10/2009

Gambling News: Federal Probe Into Alabama Attorney General’s Office

Reports surfaced on Monday that federal prosecutors were investigating Alabama Attorney General, Troy King, along with his possible connections to gambling.

King apparently has threatened to shut down some electronic bingo operations while allowing others to stay in business.  He claims to oppose gambling but believes that "some electronic gambling machines are allowed under constitutional amendments that authorized the bingo operations."

Submitted by C Costigan on, Mar/09/2009

Credit Default Swaps Were The Worst Form of Gambling From Wall Street

In an interesting piece appearing in Market Oracle, that site pretty much makes it clear that Wall Street was gambling when it came to those so-called Credit Default Swaps:

Submitted by C Costigan on, Mar/09/2009

Unemployment Rate To Go Above 9 Percent This Year Say Gamblers

The online prediction markets are saying that unemployment in the United States could go above a staggering 9 percent by year's end. 

Submitted by Jagajeet Chiba on, Mar/08/2009

Ron Paul to Appear on CNN D.L. Hughley Breaks The News

Everybody's favorite 2008 Republican Presidential candidate, Ron Paul, will be appearing this Saturday night on CNN's D.L.

Submitted by C Costigan on, Mar/05/2009

Barney Frank Wants Prosecutions, More..

Congressman Barney Frank, who would like the Unlawful Internet Gaming Enforcement Act overturned as part of his extensive effort to stabilize the banking sector, outlined his agenda for the month o

Submitted by C Costigan on, Mar/05/2009

Las Vegas Casinos to Be Nationalized?

With Las Vegas casinos drowning in a sea of debt, it may only be a matter of months before they are all bank owned.

Submitted by Payton on, Mar/05/2009

BetCRIS Boss Dire(rhea) Advice to Belagio Hotel: I Hope You Go To S***!

The Las Vegas economy is hurting.  We all know this.  But one online gambling exec had this piece of advice to offer up:

"The Bellagio can go to s***!" BetCRIS boss, Mickey Richardson, lashed out when discussing the state of the economy with Gambling911.com this weekend.  He can care less that the famed Las Vegas property has had to slash its rates in order to compete with other strip hotels.  "If that's a five star hotel, the rating system is seriously skewed."

Submitted by C Costigan on, Mar/02/2009

Sands Casino Enacts Own Stimulus Package

Despite the Las Vegas Sands (LVS) stock closing at a sputtering $2.28 a share on Friday, the company has blazed ahead in the face of financial adversity with a stimulus package of it's own: job cre

Submitted by Payton on, Mar/01/2009

Legalized Sports Betting Would Mean $30.6 Billion for US Economy

There is much talk this week about legalizing online gambling and in particular sports betting, which would account for a $30.6 billion figure as part of a PriceWaterHouseCoopers 2007 industry fore

Submitted by C Costigan on, Feb/26/2009

Oscar Betting a Hit: Ratings Up

The 2009 Oscars provided quite a betting revenue boost for online gambling websites.  The event is traditionally the 3rd most wagered on of the year and that probably won't change in 20

Submitted by C Costigan on, Feb/23/2009

MGM Mirage, Bally’s, Wynn, Harrah’s Lose Out During Tough Times

Las Vegas is hurting during these rough economic times.  Hotels on the strip have drastically slashed room rates in an effort to compete.

Submitted by Jagajeet Chiba on, Feb/23/2009

Las Vegas Art Museum Victim of Economic Recession

When one thinks of Las Vegas, usually the last thing that comes to mind is art.  But Sin City does have museums...or...let's rephrase that...DID HAVE MUSEUMS.

The Las Vegas Art Museum, Southern Nevada's first fine-arts museum and one of the city's cultural mainstays since 1950, has become the latest victim of a disastrous economy, according to Ken Miller of the Las Vegas Weekly.

The Museum will close the end of this week.

Submitted by Jagajeet Chiba on, Feb/22/2009

California Legislators Would Speak to 888.com About Online Poker

Sources close to Gambling911.com have reported that legislators in California are so intent on legalizing online poker in that troubled state they are looking to attend an upcoming i-Gaming confere

Submitted by C Costigan on, Feb/21/2009

Breaking News

Can I Bet on MyBookie.ag From Florida

You can bet on MyBookie.ag from the Sunshine State but there are so many other great choices from Florida.  How about a sportsbook that allows you to open a betting account with just an email anonymously and pays in a matter of hours?

Bellagio Sports Betting Error Was Biggest Ever in Vegas

Longtime Las Vegas bookmakers say they can't remember a bigger blunder in that city's history of taking sports bets.

Matusow Calls Female Poker Player a F***ing C***

Matusow Calls Female Poker Player a F***ing C***

Mike "The Mouth" Matusow over the weekend referred to @PokerHippie Meg Milly a "f***ing c***" via Twitter, leading to outrage within the poker community.