US Financial News

US Financial News and Odds on the US Economy

Jon Kyl Agrees With Barney Frank Regarding Bank Nationalization

Republican Senator Jon Kyl and Democratic House Financial Services Committee Chairman Barney Frank remain on opposite sides of the spectrum when it comes to legalizing online gambling.  Kyl calls

Submitted by Jagajeet Chiba on, Feb/20/2009

Bookmaker Weighs in on Big Three Automakers Bankruptcy Odds

BookMaker.com, the leading online gaming and sports book destination, issued lines today on several of the most talked about financial and entertainment stories of the day. 

Submitted by Guest on, Feb/19/2009

Online Gambling Disaster Avoided in Midst of Stanford Bank Debacle

Unscrupulous payment processors, stringent new U.S. banking laws and one man's religious position related to gambling may have been enough to avert a catastrophe in the online gambling sector.

The industry it seems has learned from past mistakes not to keep all its eggs in one basket, a good thing considering Antigua's largest bank may be on the verge of folding.  Assets are now frozen in Stanford International Bank following an FBI investigation.

Submitted by C Costigan on, Feb/19/2009

Antigua Freezes Assets in Stanford International Bank

Much as they did when one of the world's largest online gambling firms, BetonSports, shut down under investigation nearly three years ago, the tiny Caribbean nation of Antigua has froze all assets

Submitted by Jagajeet Chiba on, Feb/19/2009

Allen Stanford Fraud Case Could Mar Online Gambling Hub

The tiny Caribbean nation of Antigua has done most things right.  They have cooperated with other international governments in order to ensure their banks were in compliance as a means of cracking

Submitted by Jagajeet Chiba on, Feb/18/2009

Trump Taj Mahal Files for Bankruptcy Protection

Atlantic City is reeling from the current economic crisis and the landmark of its casino strip, the Trump Taj Mahal, has filed for bankruptcy protection.  It is one of three hotel casino operation

Submitted by Guest on, Feb/17/2009

Republican Senator Jon Kyl Pork: Good for Port Security

In a briefing with several of his colleagues, Republican Arizona Senator Jon Kyl called the Obama Economic Stimulus bill "a stinking, bloated, quivering pile of liberal pork."  Yet amaz

Submitted by C Costigan on, Feb/16/2009

Economic Stimulus Package: What Would Jesus Do?

If Jesus had passed an economic stimulus package similar to the one President Obama has proposed, we would still be paying for it.  So says 2012 Libertarian Presidential hopeful, Wayne Allyn Root.

Submitted by C Costigan on, Feb/12/2009

Las Vegas Mayor Wants Apology From Obama

Las Vegas' colorful mayor, Oscar Goodman, wants President Barack Obama to apologize for saying that companies shouldn't visit Las Vegas using tax payers money.

"What's a better place, as I say, than for them to come here," Goodman told KLAS-TV. "And to change their mind and to go someplace else and to cancel _ and at the suggestion of the president of the United States _ that's outrageous."

Submitted by Jagajeet Chiba on, Feb/11/2009

Bernard Madoff Scammed Professional Poker Player

A professional poker player who is in the Poker Hall of Fame is among the thousands of investors who were scammed out of money by con man financial manager Bernard Madoff.

Submitted by Thomas Somach on, Feb/10/2009

California Wants Legislation Making Online Poker Legal

California lawmakers are working to pass a measure that would legalize online poker.  The state, which has been among the hardest hit by the current recession, would welcome some already existing

Submitted by C Costigan on, Feb/10/2009

Las Vegas Deep Discounts Make for an Attractive Vacation Spot

It may seem illogical.  Head to Vegas and spend money gambling, dining, checking out the shows.  But that's what economic stimulus is all about, getting people to spend....just do so wisely.  Du

Submitted by Jagajeet Chiba on, Feb/09/2009

Online Gambling and the Economy: The Media Stimulus

Throughout these trying times, Gambling911.com will be highlighting ways in which a fully legalized online gambling industry can help to stimulate the U.S.

Submitted by C Costigan on, Feb/08/2009

Pennsylvania Wants Video Poker Legalized to Pay for College Tuition

(Associated Press) Gov.

Submitted by Guest on, Feb/05/2009

Bad Beat Poker Jackpots Winning Big in Bad Economy

It turns out that in online poker winning really isn't everything.

Submitted by Jagajeet Chiba on, Feb/05/2009

Financial Crisis Not Affecting Poker Pro Shannon Shorr

With all this doom and gloom Gambling911.com has been reporting about poker pros in dire straits due to the financial crisis, it's good to see that young ‘em Shannon Shorr may be taking some time

Submitted by Ace King on, Feb/05/2009

World Economic Crisis Digs Deeper Into Poker World?

Gambling911.com has reported in recent weeks on big name poker players who appear to be getting hit by world economic crisis. 

Submitted by Ace King on, Feb/04/2009

Super Bowl Betting Down in Vegas: Up Online

The Super Bowl betting numbers are in and the results: A total of $81.5 million was wagered in the state's sports books on Super Bowl XLIII, an 11.5 percent decrease from the game's 2008 handle, ac

Submitted by C Costigan on, Feb/04/2009

Wells Fargo Cancels Trip to Vegas

After intense pressure in the media, Wells Fargo Bank has decided to cancel a highly publicized trip next month to Las Vegas for employees as part of a gambling excursion.  Many charged the financ

Submitted by Jagajeet Chiba on, Feb/04/2009

Barney Frank Agenda Includes Online Gambling

U.S. Rep. Barney Frank, a Massachusetts Democrat and head of the U.S.

Submitted by C Costigan on, Feb/03/2009

Steelers Win and Failure to Cover Best Scenario for Books

"It was the best-case scenario for us to have the Steelers win and not cover," Hilton Sportsbook Director, Jay Kornegay told the Las Vegas Review Journal Monday.

For online sportsbooks, nearly 80 percent of the money line action was on the Arizona Cardinals to win outright.  Betting on the Pittsburgh/Arizona spread was relatively even but for many books, the amount of bets taken favored the Steelers.

Submitted by Jagajeet Chiba on, Feb/03/2009

Rising Poker Star Joins LA Times Business Staff

He finished in 60th place at the World Series of Poker last summer and came in 4th place in September's California State Poker Championship.  Stuart Pfeifer may not be a big

Submitted by Jagajeet Chiba on, Feb/02/2009

Recession Has No Effect on 2009 Super Bowl Betting: Records Broken

There was a bright spot heading into this new week amidst what is otherwise a dark abyss known as the world economic meltdown.  The 2009 Super Bowl has been deemed a success despite an economic re

Submitted by C Costigan on, Feb/02/2009

2009 Super Bowl Betting Not Hurt by Financial Crisis

Slightly more money was brought in on this year's multi-million dollar Super Bowl ad spots than last year, the parties are still taking place and of course 2009 Super Bowl betting will go on as it

Submitted by C Costigan on, Jan/30/2009

Super Bowl Betting in Las Vegas Big as New Year’s Eve

Few events draw bigger crowds to Las Vegas than the Super Bowl and the betting frenzy that coincides with it - not to mention the huge parties.  Celebrities descend upon Vegas in droves this weeke

Submitted by C Costigan on, Jan/30/2009

Financial Crisis Hits Todd Brunson Investments Hard

It never seems to end and some of us here at Gambling911.com have concerns this is just the tip of the iceberg.  Financial problems have reportedly hit the son of poker legend Doyle Brunson.

Submitted by Ace King on, Jan/27/2009

Hilton Las Vegas Hopes Super Bowl Betting Boosts Economy

Hilton sports book executive director Jay Kornegay told the Las Vegas Sun that there are more than 300 such wagers on the Hilton's sheets this year.

Submitted by C Costigan on, Jan/26/2009

U.S. Economy: States Can Ill Afford to Lose Their Lotteries

In this time of serious economic crisis in the U.S.

Submitted by C Costigan on, Jan/26/2009

Playboy Problems Not Stopping With Online Poker Room

The closure of Playboy's online poker room last week appears to be just the tip of the iceberg.

The famed company warned investors that it will take a write-down of goodwill and other charges amounting to more than $100 million, resulting in a net loss for Q4. The magazine publisher also expects a $4 million charge on cost-reduction initiatives, which will include an unspecified number of job cuts.  The company will also fold its New York office according to reports.

"Who knew sex was a bad business to be in?" asks Belinda Luscombe of Time Magazine.

Submitted by Jagajeet Chiba on, Jan/25/2009

Tropicana, Trump in Trouble

If there was any doubt the recession was hurting casinos, Tuesday's news should put those questions to rest.

Submitted by Jagajeet Chiba on, Jan/21/2009

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