Caesars Posts Larger Than Anticipated Loss in 1st Quarter
(Associated Press) - Caesars Entertainment on Wednesday reported a wider first-quarter loss as gambling revenue fell and the company's casinos outside of Las Vegas faced stiffer competition and bad weather.
The Las Vegas-based company, which runs the Caesars, Harrah's, and Horseshoe brands, has struggled since the recession, and has not posted a profit since 2009. It's hobbled by its lack of a presence in the Chinese gambling enclave of Macau, which has been the center of the gambling world for years.
Washington Post: Adelson Political Beneficiaries Adopting Online Gambling Cause
Tom Hamburger of the Washington Post claims that casino billionaire and GOP megadonr Sheldon Adelson has in the midst of quietly deploying a state-level political network to abolish online gambling at both the state and federal level.
Police Investigate Brawl Involving Australian Casino Magnate James Packer
(Reuters) - Police are investigating a public brawl between James Packer, one of Australia's richest men, and a television executive, which could jeopardise regional expansion plans for Packer's casino business if it leads to a criminal conviction.
The fight on Sunday between Crown Resorts Ltd Executive Chairman Packer and David Gyngell, chief executive of Nine Entertainment Group, left Packer with a black eye and a bruised reputation after photographs of the violence were published around the world.
James Thackston on 'Years Long Revenge Trip to Damage Online Gambling Co’s’
iGaming.org columnist Haley Hintze calls him “a jilted would-be software entrepreneur on a years-long revenge trip to damage companies that wouldn’t purchase his software products or theories.”
She’s referring to one James Thackston, for whom Hintze details the release of public emails exposing his apparent agenda.
Sands Bethlehem Not for Sale After All: Adelson to Invest More in Property
Despite much speculation in recent months, the Allentown Morning Call reported on Tuesday that the Sands Bethlehem Casino is not for sale and that Sands chairman Sheldon Adelson has announced further investment in the property.
Reefer Madness: Nevada Warns Casinos Over Pot Investments
LAS VEGAS (Associated Press) — Nevada gambling regulators issued a notice Tuesday advising casino operators against investing in the state’s nascent medical marijuana industry.
Gaming Control Board member Terry Johnson sent a memo reminding licensees that the state has legalized dispensaries but federal law still prohibits manufacturing and distributing marijuana.
AceSportsbook.com Announces Revamped Affiliate Program: Review
"AceSportsbook.com has announced a revamped affiliate program, with commission percentages up to 25%. They handle everything, just send them players, and they send you money.
Libertarian CEI Blasts Attempt to Revive Online Gambling Prohibition
The Competitive Enterprise Institute, a powerful Libertarian organization that this week sued the White House science and technology office, has attacked efforts to revive online gambling prohibition.
NFL Great Joe Montana Contacted by FBI Over San Francisco Corruption Case
The San Francisco Chronicle reported Monday that former San Francisco 49ers Hall of Fame quarterback Joe Montana has been contacted by the FBI in connection with a corruption sting.
Court Upholds Nearly $60K Against Poker Player Dutch Boyd for Infringement
A panel of a federal appeals court has upheld a judgment of nearly $60,000 against poker player Dutch Boyd, whose real first name is Russell.
The popular poker posting forum and publishing company TwoPlusTwo.com had brought the action claiming Boyd infringed on its trademark through the registration of “TwoPlusTwoPoker.com”.
The three-judge panel of the U.S. Ninth Circuit Court of Appeals on Friday found that Boyd had acted in “bad faith” by registering the domain name. The “TwoPlusTwoPoker.com” domain name does not direct to any current website.
Poker Book ‘Alligator Blood’ to be Made Into Movie: ‘Rat’ Tzvetkoff to the Big Screen
The James Leighton book “Alligator Blood” will be heading to the big screen, it was revealed Monday.
Adelson to UNLV Students: ‘I Don’t Want a Casino Put on Every Kitchen Table’
LAS VEGAS — (Associated Press) - Casino mogul Sheldon Adelson urged students to challenge the status quo, made a moral case against online gambling and extolled Republican virtues during a talk about leadership Monday at the University of Nevada, Las Vegas.
Adelson, the CEO of Las Vegas Sands and the ninth richest man in the world according to Forbes magazine, was part of the school's "Conversations on Being Successful" series. The company's president and chief operating officer, Michael Leven, also spoke.
Preakness Stakes, Horse Betting Online in Arizona Out: Telephone Wagers In
For those of you who attempted to place bets on this past weekend’s Kentucky Derby online from Arizona, you were plain out of luck unless you did so through international betting sites the likes of Bet Online and SportsBetting.ag.
Former Nuke Commander Reprimanded in Counterfeit Poker Chips Case
WASHINGTON (Associated Press) — The Navy says the admiral who was fired last fall as the No. 2 commander of U.S. nuclear forces has been reprimanded and fined for violating the military's code of conduct but allowed to remain on duty as a Navy staff officer.
A Navy criminal investigation failed to determine with certainty how Rear Adm. Timothy Giardina obtained counterfeit poker chips that he used last summer at a casino in Iowa. At the time, Giardina was serving as deputy commander of U.S. Strategic Command in Omaha, Neb., with responsibility for nuclear forces.
New Jersey Woman Falsely Claims Identity Theft After 10K Online Gambling Loss
A Jackson, New Jersey woman claimed she had her identity stolen after losing $10,000 to a state-licensed online gambling site. State police charged the woman Monday with Theft by Deception.
John Brennan of The Record published the New Jersey State Police statement on this matter:
Ader Highlights ‘Case for Change’ at Bwin.Party: Current Board on ‘Destructive’ Path
Activist investor Jason Ader of SpringOwl on Monday made available its initial presentation highlighting the need for change at Bwin.Party, one of the largest online gambling firms in the world.
New Jersey Sports Gambling Tab Comes in at $2.8 Million and Rising
NEWARK, N.J. (Associated Press) — New Jersey's bid to legalize sports gambling has endured defeat after defeat in the courts, but one big winner has emerged, at taxpayer expense — the law firm hired to help Gov. Chris Christie defend a lawsuit filed by the four major pro sports leagues and the NCAA.
The firm — Gibson, Dunn & Crutcher — is the same one Christie hired, also with public money, to investigate the George Washington Bridge lane-closing scandal that is plaguing his administration.
George Clooney, Steve Wynn Feud Grows More Intense
Las Vegas casino magnate Steve Wynn insists he did not call US President Barack Obama an “a**hole” during a heated argument last month while having dinner with Hollywood actor George Clooney.
Churchill Downs Boycott May be Taking Hold as Kentucky Oaks Handle Dips
This year’s Kentucky Oaks handle fell nearly 6% as revealed by Churchill Downs Saturday, making some wonder if a much publicized call to boycott Churchill Downs is starting to have some negative impact.
Batman Banned: Ben Affleck Banned From Playing Blackjack at Hard Rock Casino
Hollywood star Ben Affleck has been banned from playing blackjack the Hard Rock Casino in Las Vegas because he is “too good”.
The 41-year-old actor, who has starred in various gambling themed films, was stopped from playing the popular casino table game Friday night and was advised he could continue playing other games.
Steve Wynn Wins $7.5 Mil Judgment Against ‘Girls Gone Wild’ Founder
CARSON CITY, Nev. — (Associated Press) - The Nevada Supreme Court has upheld Steve Wynn's $7.5 million judgment in a civil defamation case against "Girls Gone Wild" founder Joe Francis.
Philipp Gruissem Wins EPT Grand Final €25K High Roller
EPT London High Roller champion Philipp Gruissem has won the €25k High Roller for €993,963 at the PokerStars and Monte-Carlo®Casino EPT Grand Final after beating PCA Super High Roller champion Scott Seiver. After the elimination of Belgian #1 Davidi Kitai in third place, Gruissem, 27, and Seiver, 29, cut a heads-up deal and then went all-in blind in the final hand. Today’s victory puts Gruissem at the top of the German all time money list, ahead of 2011 world champion Pius Heinz.
Boyd Gaming Narrows 1Q loss Thanks to Positive Vegas Results
LAS VEGAS — (Associated Press) - Boyd Gaming reports its first-quarter loss narrowed thanks to improvements in Las Vegas casinos and excitement in the city's redeveloping downtown.
The casino operator reported Wednesday that it lost $6.2 million, or 6 cents per share, for the period ending March 31. A year earlier it lost $7.3 million, or 7 cents per share.
Net revenue of $708.3 million fell nearly 4 percent from $735.6 million during a year ago.
Monte-Carlo EPT Grand Final Main Event 2014 Final Table Determined
Seven of Friday’s eight finalists in the PokerStars and Monte-Carlo®Casino EPT Grand Final Main Event won their seats on PokerStars for just €1,700 between them - and stand to win up to €3.7m.
Man Gets 3 Years in Russian Mob Gambling Case: Penchant for Violence Revealed
An associate of a notorious Russian Mob boss was sentenced this week to three years for his role in a sports betting ring that generated around $100 million. His sentence came just one day prior to the same judge ordering a wealthy art gallery owner to one year behind bars.
Top Horse Trainer Agrees: Boycott Churchill Downs!
Momentum is building for a fan boycott of Churchill Downs, the iconic horse racing track in Louisville, Kentucky, USA, where the world-famous Kentucky Derby is annually run and will be again this Saturday.
UK Tightens Rules on High Street Betting Shops
LONDON - (Reuters) - Britain is tightening controls on the spread of betting shops and the high stakes gambling machines that account for a growing part of their business, the government said on Wednesday.
Britain has a well developed gambling industry and betting shops have been a feature of the high street for more than 50 years after they were legalised in the early 1960s.
However, public concern has been growing over clusters of shops housing machines on which gamblers can stake up to 300 pounds ($510) per minute playing games such roulette.
Liverpool on His Tool: Fan Vows to Go All In With Penis Tattoo Bet
Is it really news when a Liverpool fan vows to have the Live Bird of his football club tattooed on his privates? After all, people do get tattoos there and we don’t read about it in the Mirror.
Tom Pound has promised to do just that if his team wins the Premier League.
How to Fund an Online Betting Account in New Jersey: Firm Claims It’s Been Tough
Wayne Parry, New Jersey-based Associated Press writer, reports that funding an online betting account in the Garden State has not been easy despite the activity being legal for nearly 6 months now.
Funding by credit card has been among the most difficult.
Art Gallery Owner Gets One Year in Jail for Roll in Russian Mafia Gambling Ring
NEW YORK (Associated Press) — A wealthy Manhattan art scion was sentenced to a year and day in prison on Wednesday for illegal gambling after a judge accused him of trying to avoid punishment by offering to use his family's fortune to fund an art appreciation charity for disadvantaged children.
