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Gambling911.com has all your latest gambling business news including the latest stock and acquisition reports.
PokerStars Posts Strong First Quarter in New Jersey - Resorts (PokerStars) – 39.5 percent — $787,070, Borgata (Borgata Poker and partypoker) – 29.9 percent — $589,002, Caesars (WSOP and 888poker) – 30.6 percent — $602,103. Current cash game traffic figures from PokerScout via Poker Industry Pro show that WSOP/888 has slightly more traffic than PokerStars, but for almost the entirety of the period since PokerStars launched, it has been the number one online poker operator on this measure.
Rank and 888 in Takeover Bid for William Hill - At a potential cost upwards of £3bn, Rank and 888 have placed a double bid on the UK’s largest bookmaker, William Hill. The surprise reverse-takeover would be the latest in a series of deals between gaming groups, as regulations and new taxes squeeze profits in the sector. It is unclear whether the bid will see Rank and 888, which have a combined market value of £1.7bn, agree to merge.
William Hill CEO Out Following Poor Company Performance - William Hill’s chief executive, James Henderson, has been ousted by the company following its failure to capitalise on a growing online betting market. Henderson will leave immediately, ending a 31-year career at the bookmaker, which he joined as a trainee manager before working his way to the top. Shares rose 6% to 292p after the announcement on Thursday.
Baidu Under Probe by Chinese Government for Reportedly Promoting Gambling - China’s internet regulator said it will investigate Baidu Inc after domestic media reported illegal gambling websites used the country’s biggest search engine to promote themselves. In a statement posted on its website late on Monday, the Cyberspace Administration of China (CAC) said it said will conduct a strict investigation and handle any illegal behavior accordingly. Gambling has been outlawed in China since 1949, though a state lottery does operate.
- Aaron Goldstein, Gambling911.com Business
