Gambling

Zynga Shares Soar Ahead of Earnings Report

SAN FRANCISCO – (Reuters) - Zynga’s stock rose 14 percent on Monday as investors grew more confident that the social games developer behind "Farmville" and "Mafia Wars" will deliver a solid set of quarterly results next week.

Its shares ended trading at $2.84, up 35 cents

US Issues Stern Warning Against Antigua After Threat of ‘Piracy’

(Reuters) - The United States on Monday warned the tiny Caribbean nation of Antigua and Barbuda not to retaliate against U.S. restrictions on Internet gambling by authorizing the "theft" of U.S. intellectual property.

Don’t Call It Piracy: Antigua to Begin Copyright-Free US Media Downloads

The tiny Caribbean island of Antigua is set to begin selling copyright-free US movies, DVDs, CDs, games, software a more beginning this coming Monday January 28, 2013. 

The move is in response to the USA’s failure to adhere to a World Trade Organization ruling made several years ago in regard to online gambling.

Sheldon Adelson’s Venetian Macau Sues Two Gamblers for $4.5 Mil Over Debts

HONG KONG — (Associated Press) - U.S. billionaire Sheldon Adelson’s flagship Macau casino is suing two mainland Chinese high rollers over debts worth millions in a case that provides a rare glimpse into the VIP culture that powers the gambling enclave.

Wells Fargo Analysts: Online Gaming Bill Could Save Atlantic City

Could Be a Positive Catalyst for BORGATA, BYD & CZR

Maintaining Existing Recommendations

German Federal Court Suspends Internet Gambling Case

The German Federal Court set down a ruling on Thursday suspending its decision related to the legality of its State Treaty of Gaming. 

The current online gambling treaty only allows for 20 licensed operators. 

Opposition groups and gaming firms have argued that the German restrictions fail to adhere to European Union trade laws.

Cake Poker Introduces Cake Dice: Will Launch With Games Cee-Lo and 1-4-24

Popular online gaming site, Cake Poker (CakePoker.eu) is introducing Cake Dice, the latest addition to Cake’s growing menu of gaming options including Poker, Casino, Tournament Blackjack, WAR and Russian Roulette. Cake Dice will launch with popular games, Cee-lo and 1-4-24.

Christie Speaks on Feds Immersing Themselves in NJ Sports Betting Lawsuit

Following news that the Feds will be joining a suit filed by the professional sports leagues and NCAA to prevent legalized sports betting in the state of New Jersey, Governor Chris Christie reacted late Tuesday evening.

Mississippi Exploring Legalized Online Gambling Once Again

One of the least likely states, conservative Mississippi, is once again exploring options to legalize online gambling.

Mississippi considered seriously flawed legislation last year that called for – among other things – allowing cash and credit as deposits with little oversight and the confiscation of inactive funds by the state. 

An almost identical bill is being re-introduced by state Rep. Bobby Moak.  He once again asserts that legalized online gambling in the state would result in countless numbers of jobs created.

Judge Rejects Lawsuit in Opposition to Expanding Gambling in Maryland

ANNAPOLIS, Md.— (Associated Press) - A Maryland judge has rejected a lawsuit seeking to overturn gambling expansion in Maryland.

Anne Arundel County Circuit Judge Ronald Silkworth released his decision on Tuesday.

Opponents to the ballot question to allow table games like blackjack and a casino in Prince George’s County contended that a majority of registered voters in the state would need to approve the proposal, not just a majority of people who voted on the ballot question in November.

Chris Christie Expresses Concerns Over Legalized Internet Gambling in NJ

Answering a question as to whether he will sign an Internet gambling bill into law by early February, New Jersey Governor Chris Christie expressed apprehension.

Christie took questions live Tuesday night during an “Ask The Governor” session.

New York State Governor Cuomo Likely to Discuss Gambling Expansion

ALBANY, N.Y. (Associated Press) - Gov. Andrew Cuomo is set to detail his budget proposals for the state's 2013-2014 fiscal year beginning April 1.

He's expected to propose about $132 billion in spending and attack a deficit of at least $1 billion as the state deals with the aftermath of superstorm Sandy and tax collections lagging behind projections.

His afternoon address in Albany on Tuesday will include plans to pay for initiatives he outlined in his state of the state speech earlier this month, notably in education and economic development.

Indiana Casinos on Decline: Lawmakers Look for Remedies

INDIANAPOLIS — (Associated Press) - Indiana lawmakers are proposing to cut riverboat casino taxes and allow the floating gambling halls to move onto land to help them face growing competition from neighboring states.



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IGT CEO Patti Hart Fighting to Stay in Control

Will Patty Hart Lose Her Ability To Serve on IGT’s Board?

In further news about the International Game Technology (IGT) proxy fight which was initiated by the New York based Ader investment group, Gambling911 has exclusively learned that IGT CEO Patti Hart may lose her ability to serve on the board of a publicly traded gaming company due to statements she swore to be accurate on gaming applications that have now come into question.