Gambling News
California Indian Tribe to Offer Online Gambling in New Jersey Through Borgata
ATLANTIC CITY, N.J. — (Associated Press) - New Jersey gambling regulators have approved a California Indian tribe's request to offer Internet gambling in conjunction with Atlantic City's top casino.
The state's Gaming Enforcement Division has authorized Pala Interactive to team with the Borgata to offer online gambling in New Jersey.
The Pala Band of Mission Indians will be the first Indian tribe to engage in online gambling in New Jersey. The enforcement division signed an order approving the arrangement last Friday.
Backlash Over PokerStars Rake Increase as Pros Speak Out: ‘Will Hurt Bottom Line’
A handful of poker pros offered their opinion of the recent rake increase at the world’s largest online poker site PokerStars.
Speaking to PokerNews.com, the likes of Phil “OMGClayAiken” Galfond, Shannon “basebal1b” Shorr and la “Odd_Oddsen” Amundsgard spoke publicly about the changes now taking place at Stars, all of which seem to be embracing a more “recreational” model similar to that found at Bodog Poker.
Nephew of Online Gambling Pioneer Becomes Newly Elected Arizona Governor
The nephew of a prominent online gambling and sports wagering pioneer Bill Scott has become the new Governor of Arizona.
The former CEO of ice cream chain Cold Stone Creamery and current State Treasurer, Doug Ducey, was voted in as that state’s new Republican Governor. He replaces Jan Brewer, who could no longer run again due to term limits.
Ducey cruised to victory in the typically reliable “red” state, beating out Democrat challenger Fred DuVal.
Casino Expansion Plans Get Voter Approval in Three States
Five states featured amendments to expand casino gambling within their borders during Tuesday’s midterm elections and three of those initiatives received better than 50 percent of the required vote.
888 Sees 22 Per Cent Jump in Q3 Revenue
(Reuters) - 888 Holdings Plc shares rise as much as 5.4 pct, among the top performers among UK midcaps, after issuing an upbeat outlook.
** Online gambling company says expects full year adjusted EBITDA ahead of current analyst consensus.
** 888 posted a 22 pct jump in Q3 revenue driven by a strong performance in its casino games.
** Investec Securities, which rates stock a "buy" , says all areas are performing well, but casino, in particular is way ahead, with Q3 revenue up 23 pct.
** Up to Monday's close, the stock had fallen about 25 pct this year.
Yahoo Real Money Online Poker Site?
A new Yahoo free-to-play online poker site could become a serious contender in the realm of real money online poker in the foreseeable future.
Adelson Hates Pot Almost as Much as He Hates Online Gambling
Amendment 2 as part of Tuesday’s midterm elections in the state of Florida would legalize marijuana in the Sunshine State.
For those of you who live here as we do, you might have noticed that campaign ads asking Florida residents to vote NO for Amendment 2 were about the third most plentiful after campaign ads for both Gubernatorial candidates Rick Scott and Charlie Crist.
NetWest Bank Manager Who Used Pensioners Funds to Play Online Poker Sentenced
A Natwest manager who skimmed £185,000 from pensioners' funds to help fuel his online poker addiction has been sentenced to 15 months prison time.
Glenn Mason managed a bank branch in Kent for many years before the improprieties were uncovered.
Macau Gambling Revenue Falls 23 Per Cent in October: Worst Ever
(Reuters) - October was the worst month on record for casino revenues in the world's biggest gambling hub Macau as China's pervasive war on corruption, combined with fewer tourists and slowing economic growth, dampen the appetite to wager.
Gambling revenues for the month fell some 23 percent year-on-year, the sharpest drop since the former Portuguese colony started keeping records, government data showed on Tuesday.
Poker Pro Phil Ivey Approved to Operate Medical Marijuana Dispensary in Vegas
Las Vegas City Council members approved 26 medical marijuana dispensaries, one of which will be operated by poker phenom Phil Ivey.
They approved 26 pot dispensaries, more than double the number set aside for the city by Nevada regulators, the Las Vegas Review Journal reported. Ivey and the others await a final go-ahead from the state health department.
Van der Sloot Stabbed in Lima Prison, Seriously Injured
Convicted killer Joran van der Sloot has reportedly been stabbed in a Lima, Peru prison and is seriously injured.
The 27-year-old Van der Sloot is serving a 28-year sentence for the murder of a local girl he met at a Lima casino in 2010. At the time, van der Sloot was attending the Latin American Poker Tour. He was previously a suspect in the 2005 disappearance of an Alabama High School graduate who had been vacationing in Aruba.
William Hill Bookmaker Under Investigation: Denies Unlawful Activity
Britain’s biggest bookmaker, William Hill, has voluntarily suspended one of its call centers following the launch of an investigation into alleged unlawful activity.
The Philippines National Bureau of Investigation will conduct the probe at the Manila center.
The bookmaker insists it has not engaged in any unlawful activities.
Bout of Bad Luck, Boosted Revenues Cause Betfair Share Price to Rise
A 22 percent revenue increase to £119m helped share prices rise nearly 3 per cent to £12.46 in early trading on strong second-quarter results.
Much of the rise in revenue directly correlated with strong World Cup results favoring the bookmaker though its active customer base also rose 30 per cent.
Breon Corcoran, Betfair's chief executive, suggested the firm’s focus during the second quarter had been on "maintaining this momentum".
Monmouth Racetrack Hopes for Legalized Sports Betting in NJ by Month’s End
OCEANPORT, N.J. (Associated Press) — Monmouth Park Racetrack is hoping sports gambling will save itself from the slow extinction facing much of the horse racing industry — a wager that could have a big payoff if New Jersey can successfully fend off the opposition of the Justice Department, the four major pro sports leagues and the NCAA.
Equity Poker Network Cuts Ties With 5Dimes.com
San Jose, Costa Rica - As EquityPokerNetwork.com (“EPN”) is only days away from its first anniversary of real-money gaming, it is also enjoying a phase of new maturity, as it better understands its own recreational player base and what makes for a great union between Network and Operator. This self-awareness brings today’s announcement that the EPN and the 5Dimes Group have ended their business relationship, effective immediately.
Bookmaker Pleads Guilty: Claims Gambling Debt Tied to NHL Team, Thomas Vanek
A Rochester, New York area bookmaker plead guilty Thursday to laundering $230,000 in monies derived from gambling, a debt his attorney claims was made with a New York Islanders NHL team check.
Borgata Revenue Increases Nearly 5 Percent in Third Quarter
ATLANTIC CITY, N.J. (Associated Press) — The Borgata's revenue increased by nearly 5 percent in the third quarter of this year, and it increased its share of Atlantic City's gambling market to 24 percent.
The figures were released Thursday by the casino's parent company, Boyd Gaming.
Company president Keith Smith says earnings before interest, taxes and other charges were $56.9 million in the third quarter, up more than 22 percent from a year ago.
The Borgata benefited from a tax settlement with the city of Atlantic City that contributed $8.1 million to earnings.
MGM Posts Narrower Losses
(Reuters) - MGM Resorts International posted weaker-than-expected bottom-line results for the third quarter, injure by lower revenue at its China operations.
Shares fell 3.9% to $22 in recent premarket trading. The company has seen traffic increase at its Las Vegas hotels and casinos and has generally done well in Macau. Beyond these core markets, MGM Resorts, like its rivals, is looking to broaden its market in to Japan following momentum in the country toward legalized gambling.
32 New Seats For $1 Mil Guaranteed Tournament at Americas Cardroom
San Jose, Costa Rica – - Fall weekends are about to get way more exciting, now that one US online poker site is dropping an unparalleled number of Sunday million-dollar seats on the table. Americas Cardroom today announced the addition of 32 guaranteed Winning Millions seats to the satellite schedule.
Online Gambling Pioneer Nephew Doug Ducey Widens Gap in AZ Governor’s Race
With just days before the elections, polls show Republican Doug Ducey ahead of Democratic candidate Fred DuVal in the Arizona gubernatorial race.
The Rise of Vegas, Fall of Macau: Wynn Latest to Report Shifting Tide
LAS VEGAS (Associated Press) — Las Vegas was good to Wynn Reorts Ltd. in the third quarter but not enough to make up for a stormy three months in Macau.
Wynn reported Tuesday that the company's revenue dropped 1.4 percent to $1.37 billion in the quarter as gains in Vegas were offset by a decline in Macau, its biggest market.
The company's net income rose about 5 percent on lower expenses to $191.4 million or $1.88 per diluted share, and adjusted earnings per share of $1.95 met Street expectations, according to a survey by FactSet.
Nevada Sportsbooks had Their Third Best Month Ever: NJ Left Out in the Cold
Nevada sportsbooks raked in $37.27 million from $339.1 million bet during the month of September, making it the third best month in amount won and wagered for the books according to the Nevada Gaming Control.
The sportsbooks enjoyed nearly an 11 percent hold on College Football and NFL bets.
"Sports betting is on a roll," said Nevada Gaming Control senior research analyst Michael Lawton.
Shocking Reveal in Phua Gambling Case: Feds Impersonated Computer Repairmen
In a shocking revelation Wednesday, the New York Post reports that federal agents dressed as computer repairmen in order to gain access to computers used by the father-son tandem of poker players Wei Seng Phua (AKA Paul Phua) and Darren Wai Kit Phua. Both are accused of operating an elaborate World Cup betting ring from their high priced villas in Las Vegas back in July.
Date Set for Hearing on New Jersey Sports Betting
TRENTON, N.J.— (Associated Press) - A judge who temporarily stopped New Jersey from allowing legalized sports betting last weekend has set a court date for the state, major U.S. professional sports leagues and the NCAA to argue whether the ban should be extended.
Full Tilt Poker Claims Admin: ‘Provide Your Correct Social Security Number or Else’
You’ve been warned, provide the correct social security number with your Full Tilt Poker claim or face being denied a refund.
The Garden City Group serves as claim administrator on behalf of the U.S. Government in order to facilitate payouts to those owed monies by Full Tilt after they were forced to exit the American market in April 2011.
Millions of dollars were owed to customers of Full Tilt Poker and, to date, the process of repayment has gone smoothly for the most part.
From the Garden City Group:
Lesniak Blames Credit Card Firms for Online Gambling’s Lackluster Performance in NJ
New Jersey State Senator Raymond Lesniak, speaking via Skype at the Mobile and Tablet Gambling Summit USA at Bally’s on Monday, said he still has great hopes for Internet gambling in New Jersey but blamed credit card processing banks for stymying growth.
Vegas Oddsmaker Predicts GOP Landslide for Midterm Elections
Vegas oddsmaker and former Libertarian VP candidate Wayne Allyn Root predicts a bloodbath among Democrats during next week’s midterm elections. While most gambling sites were shying away from offering odds on the 2014 midterms, sites like BetOnline.ag are already taking bets on the 2016 US Presidential election.
Mobster Skinny Joey Merlino Will Surrender to Feds After Meeting With ‘Bad Guys’
Retired mobster “Skinny” Joey Merlino, 52, is set to head back to prison, at least for a brief time.
Atari Enters Social Gaming, Casino Space With Atari Jackpots
New York – Atari®, one of the world's most recognized publishers and producers of interactive entertainment, in partnership with FlowPlay, a leader in virtual world games and technology and the creators of Vegas World, today announced the launch of Atari Jackpots™.
Nevada Gambling Revenue Fell 6 Percent in September
LAS VEGAS — (Associated Press) - State officials say Nevada gambling revenue fell 6 percent in September from the same time last year.
The Nevada Gaming Control Board reported Tuesday that casinos brought in $902 million last month.
Las Vegas Strip gambling revenues were down 12 percent to $495 million, while downtown revenues were down 4 percent to $43 million.
Reno casinos won $48 million in September, which is down about 2 percent year-over-year. South Lake Tahoe gambling revenues of $24 million bucked the trend and were up 7 percent over last year.
