Gambling Companies
Gambling Companies, Gambling Stocks
DraftKings NASCAR Rumors in Full Throttle Ahead of Indy 500
A Gambling911.com source has revealed that NASCAR will be the next professional sport to enter into a sponsorship deal with a daily fantasy sports company. The leading suitor is said to be DraftKings.
One only needs to explore the NASCAR properties to notice how popular daily fantasy sports is becoming among race fans.
And this news should shock anyone who has been following NASCAR industry news in recent weeks.
Sportsbooks Come Out on Top With Mayweather-Pacquiao Fight
It was billed as the “Fight of the Century” and certainly lived up to all the hype, at least where the gambling world is concerned.
Mayweather-Pacquiao Most Popular Bets: Fight Shatters Online Records
Carrie Stroup here with your Mayweather-Pacquiao fight most popular bets – those that were seeing the most wagering action at Sportsbook.ag.
Betting on the Mayweather Pacquiao Fight to Exceed $60 to $80 Million
Experts predict that betting on the much ballyhooed Mayweather Pacquiao fight will range between $60 and $80 million. And that’s only in the state of Nevada.
Current Line on the Mayweather-Pacquiao Fight: Wiseguy-Bookie Cat and Mouse
The current line on the Mayweather-Pacquiao fight as of Friday morning was coming in at -195 for Mayweather and +165 for Pacquiao.
Betfair Account Recovery System Flaws Raise Alarms
Betfair, Europe’s largest betting exchange, has reassured its customers that it is fixing issues uncovered with its account recovery system.
A major security flaw was detected by users in recent days.
Poker Site Owner DFS Critique: ‘Like Crack Dealer Warning About Fen Phen’
Many a daily fantasy sports player has taken issue with Americas Cardroom CEO Phil Nagy’s recent critique about the dangers of the Daily Fantasy Sports (DFS) sector.PokerFuse.com interviewed Nagy recently, who warned that many of these new daily fantasy sports websites will likely go under by year’s end and players wrongfully believe that most are regulated. They are not.
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Ex-Wife of Wynn Won’t Stay on Board of Wynn Resorts
LAS VEGAS (Associated Press) — Elaine Wynn failed Friday to win re-election to the board of Wynn Resort Ltd. — the casino-hotel company she co-founded with ex-husband Steve Wynn — a development that ended a feud over the issue.
Shareholders who had to decide between re-electing Elaine Wynn or agreeing with a company recommendation to re-elect two other sitting board members ultimately sided with the company.
Finding your way around online gambling
Online gambling has been an Internet phenomena ever since 1995, when the first online casino launched featuring 18 games, what may seem silly now was groundbreaking back then. Rapid growth ensued shortly thereafter, resulting in a vast expansion of online casinos and Sportsbook web sites – individually and combined. The industry grew to over tens of billions in profits, and not surprisingly so, placing bets at the convenience of your home at a time where the Internet was hitting its stride was quite a desirable quality of life transformation.
FanDuel Gets Naming Rights on Floyd Mayweather Trunks
The world leader in daily fantasy sports, FanDuel.com, announced this week it has purchased the naming rights to none other than Floyd Mayweather’s trunks. He will have them on full display during his highly anticipated May 2 bout with Manny Pacquiao.
As part of the deal FanDuel will award six tickets to the welterweight fight at the MGM Grand in Las Vegas.
Goodell Addresses Daily Fantasy Sports, Gambling and the NFL
NFL Commissioner Roger Goodell addressed the Associated Press Sports Editors group Friday on a number of topics, including daily fantasy sports and the role gambling may play in the National Football League (NFL).
In particular, Goodell referenced a number of sponsorship deals between individual NFL franchises (and other professional sports teams) with daily fantasy companies the likes of DraftKings and FanDuel.
From the Canadian Press:
BetMayor Casino Complaints: Gambling Company Confiscates $51,000 From Player
A player has reported that BetMayor Casino has confiscated $51,000 in winnings after that individual went on a two-month hot streak, winning 87% of the nearly 40,000 hands.
William Hill Reports Record Weekly Loss in January
The United Kingdom’s biggest bookmaker revealed it lost £14m in January after a series of what it referred to as "customer-friendly" football results.
Shares were down 3.3 percent in Thursday’s midafternoon trading as a result. Some of that was recovered by Friday.
FanDuel Enters Into Deal With 15 NFL Teams
NEW YORK — (Associated Press) - Nearly half of the teams in the NFL have signed sponsorship deals with FanDuel, the daily fantasy sports website.
The announcement of 15 football teams on Wednesday adds to the roster of professional sports sponsorships for FanDuel. It already had a deal with the NBA, which received an ownership stake in the company, and seven pro basketball teams. Major League Baseball and the NHL have deals with a competitor, DraftKings.
Las Vegas Sands Misses 1st Quarter Earnings: 34 Percent Drop in Profit
LAS VEGAS — (Associated Press) Las Vegas Sands Corp. CEO Sheldon Adelson said he knew what question was coming: when would the steady and steep decline in the world's most lucrative gambling market hit bottom?
A corruption crackdown that has shaken up the up-until-recently skyrocketing gambling business in Macau, China has sped swift drops in revenue and activity there.
Yahoo! to Enter Daily Fantasy Sports Sector
Long established in the world of season-long fantasy sports, Yahoo! CEO Melissa Mayer announced this week that the multinational Internet corporation and search engine powerhouse will be entering the real money daily fantasy sports market this summer.
New Credit Card Merchant Number May Boost State Online Gambling Acceptance
Since New Jersey legalized online gambling in the Garden State over a year ago, one of the biggest obstacles has been the low acceptance rate of credit cards.
Many of the major banks have blocked nearly all forms of Web gambling transactions in recent years, failing to discern between "legal" (the NJ sector, fantasy sports, horse racing and state lotteries) and the "illegal".
TopBet Slow Payouts Complaints Blamed on Processing Issues
A series of slow payouts complaints related to three-year-old Manila-based online sportsbook TopBet.eu have begun filing in to the industry monitoring site SportsBookReview.com, prompting concerns from sports bettors. Update: April 25, 2015 - Some affected players report receipt of payments
PokerStars Parent Company Rational Group Appoints Zynga Exec
The parent company of the world’s largest real money online poker room has hired an executive of the world’s largest free-to-play online poker site.
Global Sports Betting Worth $3 Trillion, Most of it Illegal
(AFP) - The global sports betting market is worth up to $3-trillion, the vast majority of that generated by illegal gambling, a United Nations conference on crime being held in Doha heard on Wednesday.
Patrick Jay, a British-based independent betting expert, said around 65 per cent of that global figure was spent on football betting, with the Asian market the centre of sports gambling.
Magnus Hedman the New Man Behind the Curtain at Pinnacle Sports
SBC News has revealed that Touchbet ltd and Sporting Index owner Magnus Hedman is the new majority shareholder in Pinnacle Sports, once among the biggest online sportsbooks catering to North America. The company pulled out of the US market in 2007, opting instead to focus on Europe and Asia.
World Exclusive: Live In-Game Wagering Comes to Daily Fantasy Sports
The inventor of the world's first live in-game sports betting system for Las Vegas casinos has now invented the world's first live in-game system for sports fantasy, Gambling 911 can reveal in a world exclusive report.
Barry Mindes, an 83-year-old engineer from New York who now lives in South Florida, created the SportsXaction betting system in the mid-1990s.
SportsXacton, which debuted at the Excalibur casino in Las Vegas, allowed bettors to wager on every pitch of a baseball game while the game was in progress.
Real Money English Premier League Fantasy Contests Debut With FantasyGol
Gauatemala City-based FantasyGol announced on Wednesday the launch of its new pay-to-play real money English Premier League fantasy contests platform they hope will take the industry by storm.
This past fall FantasyGol teamed up with Rochester, New York-based Flower City Gaming, the operators behind Star Fantasy Leagues, in an effort to provide the ultimate daily and weekly fantasy sports experience.
666Bet.com Back Peddling on Payout Promise: ‘We Can Only Pay When Back Online’
Beleaguered 666Bet.com issued a statement on Tuesday informing its customers they can only pay if back up and running online. This comes after assurances the company would refund customers once its licensing authority gives the green light.
Fears Mount as 666Bet.com Players Not Getting Paid
Officials at beleaguered online gambling firm 666Bet.com sought to calm customer fears Monday that they will not be getting paid. The company shut down abruptly last night after its Director was arrested on money laundering charges.
Since that time, 666Bet.com customers have had little success accessing their funds.
The company issued this statement Monday:
Louisiana Mulls Over Daily Fantasy Sports Legislation
Louisiana has become the latest state to consider a measure fully legalizing daily fantasy sports for real money.
While not explicitly illegal in Louisiana, State Representative Joseph Lopinto wants his bill to clarify that daily fantasy sports is not gambling.
“We’re not betting on the outcome of a game or a point spread. Fantasy football is a game of skill,” Lopinto said.
PokerStars Parent Company Amaya Trading Probe Details Emerge
Parent company to the world’s largest online poker site PokerStars, Amaya Gaming has reportedly been the subject of a probe by the Quebec securities regulator Autorité des Marchés Financiers (AMF).
Breaking News: Americas Cardroom Takes Over No. 2 Spot in Traffic
In an exclusive to Gambling911.com, Americas Cardroom has unveiled a press release it is sending out Wednesday confirming it has taken over the number two spot in terms of North American-facing traffic.
PokerStars to Enter Daily Fantasy Sports Market by Start of NFL Season
It may be one of the worst kept secrets that online poker sites in recent months have been looking to expand their product base by offering daily fantasy sports contests.
Hence, it shouldn’t come as a shock that PokerStars, the world’s largest real money Web card room, has announced its plans to begin offering daily fantasy sports by the start of the 2015 NFL season.
Connecticut Casinos Stand to Lose $570 Million
HARTFORD, Conn. (AP) — The Native American tribes proposing to build new casinos in Connecticut released a report Monday that says new facilities in New York and Massachusetts, if left unchecked, will siphon away $570 million annually in gambling revenue.
The leaders of the Mohegan Tribe and the Mashantucket Pequot Tribal Nation said they were not surprised by the forecast, but they hope the report they commissioned will help inform others including the governor, who has been noncommittal about his position on opening more casinos.
