Gambling Companies
Gambling Companies, Gambling Stocks
Bwin.Party Execs Get 550 Per Cent of Annual Salary: Founders Decline Offer
Bwin.Party shareholders on Monday voted a new pay scheme whereby top executives would receive up to 550 per cent of their annual salary. 70 per cent of voters approved the new deal, however, another 30 per cent objected.
Of those 30 per cent, it was telling that founders Ruth Parasol and her former husband Russell DeLeon were among them.
First Multi-State Online Poker Deal Set to Begin Today in US
The first interstate compact between two US states combining their respective player pools was set to begin Tuesday February 25, 2014.
Seminole Hard Rock Hotel & Casino Tampa Has $2.8 Million Winner
TAMPA, Fla. – A Jackpot Empire slot machine at Seminole Hard Rock Hotel & Casino Tampa lived up to its name early Sunday morning when one lucky player from Riverview, Fla. (who chose to remain anonymous) claimed a whopping $2.8 million jackpot.
The Bally’s manufactured penny slot machine, located by the Jubao Palace, produced the second largest jackpot ever won at the property.
The high-water jackpot mark at Seminole Hard Rock Hotel & Casino Tampa was previously set on June 29, 2012 -- $3.6 million.
Canbet Players Owed At Least Half a Million GBP: Screwed Customers Revolt
SBR Forum, a popular sports betting social media outlet, has recorded a total of 255 customers owed in excess of 500,000 GBP by insolvent Canbet.com, one of the first online sportsbooks to burst onto the scene back in the late 1990’s.
Adelson and Las Vegas Sands Corp to Spend ‘Billions’ on Japan Casino
* CEO Adelson said would spend $10 bln but rather invest $7 bln
* Adelson "wouldn't be happy" with equity partners, but not ruling out possibility
* CLSA estimates Japan gaming market could reach $40 bln a year
TOKYO - (Reuters) - Las Vegas Sands Corp Chief Executive Sheldon Adelson said on Monday his company was willing to spend "whatever it takes" to set up a casino project in Japan, one of the largest untapped gaming markets in the world.
Casinos More Likely to Outsource Security to Private Companies
LAS VEGAS (Associated Press) — When Springfield, Mass. needed to choose who would build its first casino, the city hired an outside adviser to help with the process.
The consulting firm Shefsky & Froelich recommended that the deal go to MGM Resorts International. At the same time, the consulting firm was also working as a registered lobbyist in Illinois for MGM Resorts.
Federal Bill Outlawing All Online Gambling Except Poker to be Introduced in March
U.S. Senator Dean Heller (R-Nevada) said he anticipates new federal legislation banning all forms of online gambling except poker to be introduced in the coming months. Such a measure would ban Internet sports betting and online casinos, the later of which are currently permitted in the state of New Jersey.
Heller and others in Congress have attempted to pass similar legislation in recent years without any success.
North vs. South in New Jersey Gambling Expansion Debate
North New Jersey lawmakers want a casino in the Meadowlands, just a minutes drive away from Manhattan (barring rush hour). South Jersey lawmakers want gambling to be inclusive to Atlantic City.
Playtech to Pay Special Dividend as Profits Rise
(Reuters) - Gaming software developer Playtech (PTEC.L) said it would pay shareholders a special dividend of 100 million pounds ($167 million) as it posted a rise in full-year profit for 2013.
Playtech, which develops software for betting firms such as Paddy Power and Betfair, said on Thursday 2013 adjusted core earnings grew 17 percent to 159.4 million euros excluding the share of profits received from William Hill Online after it sold its stake in the venture last March.
Sands Bethlehem was Main Target of Last Week’s Hacking
LAS VEGAS - (Associated Press) -- Casino giant Las Vegas Sands Corp. said Tuesday that hacking into their websites and internal systems last week went deeper than the company had previously known.
All of the Las Vegas-based company's sites were down for six days after hackers posted images apparently condemning comments CEO Sheldon Adelson made about using nuclear weapons on Iran.
Sands said hackers crashed its email system and stole employees' Social Security numbers.
Bwin.Party Shares Up Another 3.5 Per Cent as Ader Prepares His Move
Bwin.Party shares continued to climb on news that an activist investor, Jason Ader, was getting ready to hand pick someone new to join that online gambling firm’s board. Shares rose another 3.5% Wednesday following the February 18 news.
Real Gaming Becomes Nevada’s 3rd Real Money Online Poker Site to Launch
They wanted to be first but they also wanted to do things right. South Point Casino has finally launched its real money online poker site, changing its name to Real Gaming.
The site has not gotten off to the clean start South Point would have liked, however.
Sands Hackers Got Customer Credit Card Info, Passwords for Slot Machine Systems
LAS VEGAS (Associated Press) — Casino giant Las Vegas Sands Corp. said Tuesday that hacking into their websites and internal systems last week went deeper than the company had previously known.
‘Love Is Love’ $50k Same Sex Wedding Giveaway Offered at Caesars
Caesars Entertainment in Atlantic City is celebrating same sex marriages with a “Love Is Love” $50,000 same sex wedding giveaway.
From the bachelor or bachelorette party all the way through to the "I Do's", this package features the best of the best in Atlantic City.
One lucky couple will receive a lavish wedding, valued at $50,000, for 100 invited guests complete with a cocktail hour, dinner, custom cake designed by celebri-chef Deb Pellegrino, photographers, flowers, entertainment, luxury accommodations, Bachelor & Bachelorette parties, and more!
Man Behind the Curtain of IGT Shakeup Now Looks to Pull Strings at Bwin.Party
For long time readers of Gambling911.com this may all seem like déjà vu. It was reported Tuesday that an activist investor could be looking to shake things up at online gambling giant Bwin.Party.
Breakup of Bwin.Party Possible With Activist Fund Taking Stake in Company
The Financial Times of London is reporting that a New York-based activist hedge fund will be taking a stake in struggling Bwin.Party.
SpringOwl, which is managed by the activist fund Cumberland Associates, has “agreed in principle” to purchase around 6.1 per cent of Bwin.Party from the group’s founders, Ruth Parasol and Russ Deleon.
As part of the deal, SpringOwl will have the right to appoint one director to the board.
Online Gambling Gold Rush: Adelson was Once Poised to Operate Web Casino
In a 2007 piece appearing in the San Francisco Chronicle, Thomas Somach wrote extensively on the potential for an Internet Gambling gold rush in the US where land-based casinos and even the likes of Disney could get into the fray.
Sands Casino Websites Back Up But Slow to Access
Days after a hacking of its various corporate websites, Sands Casino was back up and operational on the Web Saturday evening. Still, the sites were slow to access at times.
The access time had some initial telltale signs of a Denial of Access (DoS) attack though the slow downloads were more likely attributed to routine maintenance.
A DoS attack sends pockets of useless traffic from compromised servers to a website, thus crippling load ability.
Somach to Talk Online Poker ‘Texas Block’em’ With Inventor Arthur Pfeiffer
Journalist Tom Somach of Gambling911.com and the San Francisco Examiner and mathematician Arthur Pfeiffer, inventor of the new poker game Texas Block 'em, will be guests on national radio on the day after Christmas--Thursday, December 26, 2013.
David Beckham to Promote Casinos in Singapore, Macau
Retired British Football star David Beckham is set to begin promoting casinos in Singapore and Macau in the coming year.
He’ll be the face behind the Las Vegas Sands in those two markets.
Casinos Take Over Airwaves, Malls in New Jersey Online Gambling Blitz
The Newark Star Ledger’s Ryan Hutchins reports on what Gambling911.com noticed the last time we were in New York City during the launch of New Jersey’s real money online gambling sector in late November: online casino ads are everywhere.
Atlantic Club Casino in NJ Closing Jan. 13: Caesars Among Buyers
The Atlantic Club Casino Hotel in Atlantic City says it will close on Jan. 13, reducing the number of casinos in the struggling gambling resort to 11.
It will be the first Atlantic City casino to close since the Sands shut down in 2006 to make way for a new casino project that never got built.
The casino said Friday it reached two sale agreements that will be submitted to a judge Monday for approval. It did not list either buyer, but a bankruptcy court filing identified one as Caesars Entertainment.
Net Entertainment Inks Deal With Bet365
Net Entertainment is very proud to announce that it has signed an agreement with Bet365 Group Limited, one of the world’s leading online gambling groups. Under the terms of the agreement, Net Entertainment will deliver a number of its top online games across bet365’s mobile and desktop channels.
Online Gambling and World Peace: Bringing Rodman and Kim Together
The Sydney Morning Herald on Friday profiled former NBA star Dennis Rodman’s visits to North Korea and how online gambling – of all things – helped make it happen.
Casino Exec With Ties to Online Gambling Rejected as ‘Unsuitable’ by NV Gaming Board
A onetime executive of the Golden Nugget and Wynn Resorts in Las Vegas has lost his bid for a Nevada gambling license after regulators rejected his application.
Smooth Landing: Dennis Rodman Back in North Korea After Purging, Execution
Former NBA player Dennis Rodman has landed safely in North Korea along with a documentary film crew to help coach the rogue nation’s men’s basketball team.
Rodman, whose trip is being sponsored by Irish bookmaker Paddy Power, arrives just days after the execution of supreme leader Kim Jong-un's uncle, Jang Song-thaek.
Rodman was met at Pyongyang's airport by Vice Sports Minister Son Kwang Ho.
Bwin Sees World Cup Bringing Growth in 2014
LONDON – (Reuters) - Online gambling company Bwin.Party said on Wednesday the outlook for next year was positive thanks to betting on the soccer World Cup and growth prospects in the United States.
Trading in 11 weeks since the end of September 2013 has been in line with its expectations, the company said.
Bwin is focusing on fewer, better-regulated markets and is expanding in the United States, as gambling rules are relaxed in places like New Jersey.
Bankruptcy Bids Resume for Troubled Atlantic Club Casino
ATLANTIC CITY, N.J. – (Associated Press) - A bankruptcy auction of a struggling Atlantic City casino has resumed.
The second day of bidding for the Atlantic Club Casino Hotel got underway at 10 a.m. Wednesday.
Eleven hours of bidding Tuesday failed to produce a purchaser for the casino, which filed for Chapter 11 protection last month.
The casino was formerly known as the Atlantic City Hilton. It has struggled to compete with newer, larger casinos and with gambling halls popping up in neighboring states.
Genting to Spend $3-$4 Billion in Vegas
KUALA LUMPUR - (Reuters) - Genting Bhd, Southeast Asia's biggest gaming group, will spend an initial $3 billion to $4 billion to develop an unfinished resort on the Las Vegas strip, as it seeks to build a U.S. empire of casino and leisure assets.
The Malaysian company is seeking to expand in the United States as the world's largest economy starts to recover, and as various states relax restrictions ranging from casino licenses to online gambling.
Churchill Downs, Wynn, Station Casinos Gets Seats on AGA Board
The American Gaming Association (AGA) announced three new seats to its board on Tuesday. Among the new additions are Wynn Resorts, Station Casinos and Churchill Downs.
Station Casinos is behind the first ever licensed real money online poker site to operate from the US, Ultimate Poker. The company currently operates within both Nevada and New Jersey but does not permit customers to play beyond those respective state borders.
