Gambling News
Revel Casino Downgraded by Moody’s
Troubled Revel Casino has been downgraded by Moody’s Wednesday.
The newest Atlantic City casino reported the biggest losses in that New Jersey gambling Mecca during its first several months of operation.
Poker Player Nancy Todd Submits 121,503 More Signatures for Arkansas Casino Measure
By ANDREW DeMILLO, Associated Press
LITTLE ROCK, Ark. (Associated Press) - A professional poker player who wants to put a casino legalization measure on the ballot has submitted more signatures to state election officials. But it's unclear whether she'll be able to put her proposal before voters this fall.
Isaac Makes Beeline Towards Republican Convention: Odds Inch Towards 10 Percent
Wednesday 11 am EDT track projections have Tropical Storm Isaac heading straight towards Tampa, Florida just in time for next week’s Republican Convention, which will be hosted in that city.
The odds of this happening were around 2 percent Tuesday and Gambling911.com believes we will see that number jump closer to 10 percent. The cone center has Tampa under the gun just as the Convention is set to kick off Monday August 27 (2012). Isaac was expected to be a Category 1 Hurricane come Monday.
PokerStars Founder Isai Scheinberg Could See Charges Dropped in Wake of Poker Ruling
Following a New York federal judge ruling proclaiming poker as a “game of skill” and not “gambling” under current federal legislation, there is talk that charges against PokerStars founder Isai Scheinberg could soon be dropped.
Scheinberg founded what is today the world’s largest “real money” online poker room the very day the World Trade Centers were under attack in New York City, September 11, 2011.
Sam Oldham Granny Gets Shafted by BetFred.com: Bookie Refuses to Honor Olympic Bet
British bookmaker BetFred.com has refused to pay out on a 200/1 bet placed by Olympian Sam Oldham’s grandmother that he would win a medal at this year’s London Olympics. Oldham ended up winning a gymnastic team bronze medal representing Great Britain.
John Juanda Leads After Day 2 of EPT Barcelona 2012
There are 207 survivors coming back for Day 3 of the €5,000 EPT Barcelona Main Event from the 600 players who started Day 2.
John Juanda is the chip leader. Juanda, one of the game's established stars, has numerous six-figure scores across the world - one of them coming on the EPT in London, where he finished runner-up to David Vamplew in September 2010
Breaking News: Federal Judge in New York Rules Poker a ‘Game of Skill’
A Federal judge in New York has ruled poker a “game of skill” Tuesday.
For some time the federal government has insisted poker is a “game of chance” and, as such, should be made illegal under the Unlawful Internet Gaming Enforcement Act (UIGEA).
Odds of Hurricane Isaac Hitting Tampa During Republican Convention at 2 Percent
Meteorologist Jeff Masters of WeatherUnderground.com is keeping a watchful eye over newly formed Tropical Storm Isaac in the Atlantic Ocean, giving the storm a 2 percent chance of directly affecting the Republican Convention August 27-30 in Tampa, Florida.
Heartland Poker Tour Returns to Lumière Place and River City Casino End of September
When Heartland Poker Tour first stopped at the top two casinos in St.
Punta Cana Poker Classic Revamps Website
Representatives for the Punta Cana Poker Classic (PCPC) announced today the complete overhaul of their website Punta Cana Poker Classic.
Carbon Poker Removes Bad Beat Jackpots: Move is to Improve ‘Healthier Room Ecology’
Carbon Poker, and the entire Merge Gaming Network for that matter, has announced they will no longer be offering Bad Beat Jackpots effective once the final BBJ goes off.
From the Carbon Poker website:
Surgeon Thought he Would be “Mowed Down With a Machine Gun” During Poker Game Raid
A prominent surgeon testified in court on Tuesday that he believed a robbery was about to take place during a high stakes poker game in Chattanooga, Tennessee last April when in fact police had commenced a raid on the property.
Dr. Neil Spitalyn said he feared being “mowed down with a machine gun”.
“It sounded like the front of the building had collapsed," he added.
Spitalyn claims he hid behind a garbage can before police came over and handcuffed him. Another officer shot one of the card players.
New Poll Shows New Jersey Residents Want Legalized Sports Betting in State
A Fairleigh Dickinson University PublicMind poll released Tuesday morning reveals that 45 percent of New Jersey residents believe sports betting should be legalized while 38 percent prefer waiting for Congress to repeal a current federal ban. Just under 1000 individuals took part in the survey.
53 percent of men support the idea while 35 oppose. 38 percent of women support while slightly more oppose at 41 percent.
Ailing Revel Casino Seeks Help From Lenders
ATLANTIC CITY, N.J. -- (Associated Press) - Atlantic City's newest casino is seeking some breathing room from its lenders.
Following a slow start out of the gate and a $35 million operating loss, Revel is asking its lenders to increase the amount of credit it can draw on.
The casino, which opened in April, has $30 million worth of credit, but wants to increase that to $100 million.
This Sucks! Dracula Poker The Latest Online Card Room to Abruptly Shut Its Doors
Another one bites the dust and this time it’s none other than the online poker room known as Dracula Poker. Dracula Poker închis.
Newest Theme For a Las Vegas Hotel: It’s Detroit!
Imagine taking an exciting vacation to a popular tourist destination...
Paris.
New York.
Venice.
Detroit.
Detroit? How did that get in there?
According to some folks in Las Vegas, there's no reason for it not to be on the list.
That's why the next big new hotel-casino to open in Las Vegas is going to have the theme of--wait for it--Detroit!
‘Hangover’ Director to Take Over ‘The Gambler’ From Martin Scorsese
Todd Phillips has been announced as the replacement for Director Martin Scorsese of the upcoming Paramount Studios film “The Gambler”.
Phillips is perhaps best known for directing “The Hangover”.
Thiel Sells 20 million Facebook Shares After IPO Lockup Expired
NEW YORK — (Associated Press) - Peter Thiel, one of Facebook’s earliest investors and a member of its board, was among the insiders selling stock in the social network after a lockup expired last week.
A regulatory filing on Monday said that Thiel, a former CEO at PayPal sold about 20 million shares of Facebook through affiliates such as his Founders Fund and other entities last week. The shares were sold on Thursday and Friday for between $19.27 and $20.69, for a total of about $396 million.
Shocking Study Finds More Young Boys Gambling Than Ever Before
10 percent of young boys have gambled before the age of 16, a shocking study commissioned by the University of Tasmania education faculty revealed on Monday. Subjects 14 to 17-year-old across Tasmania were used as part of gambling study Weighing up the Odds.
Heritage Sportsbook Joins the Winning Poker Network: First Time to Offer Online Poker
One of the oldest online sportsbooks, the member referral Heritage Sports, has just joined the Winning Poker Network. A number of top sportsbooks utilize the network including Bookmaker.com, BetDSI.com, betCRIS.com and 5Dimes. Americas Cardroom is Winning Poker Network’s marquee brand.
‘Run It Twice’ Could Debut on PokerStars in September: Reduces All-In Variance
PokerStars, the world’s largest real money online poker room, is reportedly set to introduce “Run It Twice”, a popular feature of high stakes poker games.
From PokerFuse.com:
Unshuffled Cards a Costly Headache for Atlantic City
Wayne Parry, Associated Press
ATLANTIC CITY, N.J. (Associated Press) — At first, it seemed like a coincidence, the kind of thing that happens from time to time at a casino, where the same number or same sequence of cards happens twice in a row.
But when the players at an April game of mini-baccarat at the Golden Nugget Atlantic City kept seeing the same sequence of cards dealt, over and over and over again, their eyes grew wide and their bets grew bigger, zooming from $10 a hand to $5,000.
Professional Poker Player Nancy Todd Wants Control Over Arkansas Casinos
Professional poker player Nancy Todd is looking to control casinos in four Arkansas counties via a ballot proposal, the Associated Press was reporting on Monday.
Todd said that she was required to submit a new proposal after Secretary of State Mark Martin found that the measure improperly omitted a reference to a state gambling law that would be repealed.
The ballot wording was ruled to be “unfit” by Martin’s office last week and will issue a new ruling on the amended ballot wording within the next 15 days.
Hollywood Casino Columbus Scheduled to Open in October (2012): Biggest in Town
COLUMBUS —(Associated Press) - Developers are ready to provide a peek on Monday at the new Hollywood Casino Columbus, which will offer gambling in the state capital as the third and largest of four casinos approved by voters.
Playtech, iPoker Internet Poker Network’s Teddy Sagi to Float Energy Company Genesis
Teddy Sagi, the Israeli billionaire who founded online gambling software firm Playtech and its Web poker network iPoker, is set to float his energy company on London’s AIM this week.
Genesis Energy, a Middle East focused gas explorer, is 40 percent owned by Sagi.
It is his intent to raise between $90m-$120m through the Initial Public Offering, valuing the group’s equity at as much as £500m.
If successful, the IPO would be the largest on Aim this year.
Obama Still Winning Wisconsin in US Presidential Race: Romney-Ryan Close (Latest Odds)
Sportsbook.com has US President Barack Obama still leading in the odds to win the state of Wisconsin at 5/7 though the Mitt Romney/Paul Ryan GOP ticket is getting much closer at 11/10 Monday.
Will Julian Assange Be Arrested by British Police: Latest Betting Odds (Video)
Intrade.com has just released a new market over the weekend on whether Wikileaks founder Julian Assange will be arrested by British police following word that the nation of Ecuador has granted the controversial activist/publisher political asylum in its London embassy.
9th Ranked Poker Pro Dan Smith Wins 2012 EPT Barcelona €50,000 Super High Roller
American Dan Smith has been declared the winner of the 2012 EPT Barcelona €50,000 Super High Roller event.
Smith takes home over US$1 million for his efforts.
The win means Smith, a Las Vegas resident, has pocketed just shy of $3 million in lifetime tournament earnings offline. He has 6 cashes and this is Smith’s second 1st place victory.
Aku Joentausta Leads After Day 1A of 2012 EPT Barcelona Main Event
A total of 222 players made it through Day 1a of the €5,000 EPT Barcelona Main Event today, from the 403 who started at lunchtime. The chip leader is Finnish PokerStars qualifier Aku Joentausta with 236,200.
Seven members of Team PokerStars Pro are still in: Lex Veldhuis, Juan Manuel Pastor, Pius Heinz, Sebastian Ruthenberg, Henrique Pinho, Marcin Horecki and Matthias De Meulder.
The cap for Day 1b is set at 630.
Lorenzo Sabato Wins 2012 Estrellas Poker Tour Barcelona
After five intense days of poker action, Italian player Lorenzo “bovediroma” Sabato has become the first Estrellas Barcelona Main Event champion. Sabato won the €200,000 first prize after defeating Russian player Andrey Demidov heads-up; Demidov took €122,500 for his runner-up place and Sweden’s Niclas Svensson took home €76,500 for third.
