Gambling News
Caesars Bankruptcy Filed Then Halted by Judge
Delaware/CHICAGO (Reuters) - The operating unit of Caesars Entertainment Corp, the largest U.S. casino company, filed for Chapter 11 bankruptcy in Chicago on Thursday to cut $10 billion of debt, but a Delaware judge intervened to halt the case before it got started.
The unusual legal standoff marked the start of a more public phase of complex and contentious debt negotiations. Until now, the company's attempts to cut interest payments after years of red ink have been kept mostly private.
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NJ Group Files Brief in Sports Betting Case: Cites Leagues Deals With Fantasy Firms
NEWARK, N.J. (Associated Press) — A court filing Wednesday in New Jersey's effort to allow sports betting takes the four major pro sports leagues to task for their involvement in fantasy sports competitions, claiming that that precludes them from dictating what the state can do.
The filing was made by the New Jersey Thoroughbred Horsemen's Association to the 3rd U.S. Circuit Court of Appeals, which will hear arguments in the case later this year.
Latin American Poker Tour 2015 Season 8 Unveiled
ONCHAN, Isle of Man – PokerStars today announced the schedule for season eight of the Latin American Poker Tour (LAPT). Latin America’s richest poker tour will be visiting two new destinations, introducing new game formats and increasing the LAPT Main Event buy-in.
Amaya, PokerStars Second Quarter Sportsbook Rollout Planned
Amaya Inc. ("Amaya" or the "Corporation") (TSX: AYA) on Thursday provided an update on its PokerStars online gaming consumer business and that Chairman and CEO David Baazov will make a speech at an investment conference in Toronto.
BUSINESS UPDATE
Successful completion of Casino Rollout
Ilkin Garibli Wins Record-Breaking $25K PCA 2015 High Roller
Ilkin Garibli has won the record-breaking $25k PCA 2015 HIgh Roller for $1,105,040 after beating American pro Joe Kuether heads-up. The pair chopped the event at 10.30pm but battled on for over two hours in a bid to win the title, the trophy and “Steel and Rose Gold” watch from SLYDE, the Official Watch Sponsor for the PCA Main Event, High Roller and Super High Roller.
Garibli, 26, from Azerbaijan, is normally a cash game player but just happened to be holidaying in the Bahamas when the PCA hit town. Some poker friends persuaded him to stay on and lo, he’s a million bucks up.
Atlantic City Loses Half Its Revenue Over Eight Years
ATLANTIC CITY, N.J. - (Associated Press) -- Atlantic City has lost nearly half its casino revenue over the past eight years as competition in nearby states cannibalized its market and drove four casinos out of business.
Figures released Wednesday by the New Jersey Division of Gaming Enforcement show the casinos took in $2.74 billion in 2014, or about what the industry brought in in 1988. That is down 48 percent from a high of $5.2 billion in 2006. The decline would have been greater without the $122 million that Internet gambling provided last year.
Americas Cardroom CEO Talks DoS Attacks, Million Dollar Event, More (Archived)
America's Card Room will be offering the Online Super Series IV Rematch from February 13th to February 22nd. This event will feature 10 days of jam packed excitement leading up to the $1,000,000 Guaranteed prize pool.
The Main Event on February 22nd at 3pm ET is being billed as the single biggest online poker tournament for US players in 4 years!
Wife of French Poker Pro Philippe Ktorza Caught Up in Paris Terror Attacks
French poker pro Philippe Ktorza relayed to the BBC how his wife just barely escaped the terror attack last week at a kosher market in Paris, France.
Savard Leads Final 11 Players at Record Breaking $25K PCA 2015 High Roller
Jean-Pascal Savard is leading the final 11 players in the record-breaking $25k PCA 2015 HIgh Roller. There were 269 entries for the event (200 unique players and 69 re-entries) generating a $6,456,000 prize pool. This is the biggest PCA High Roller ever held, and the seventh largest $25,000 buy-in tournament in poker history.
Chance Kornuth Leads PCA Main Event 2015 as Final Table Set: WATCH LIVE
American pro Chance Kornuth is leading the final six players in the 2015 $10k PCA Main Event. The 28-year-old, who already has $1.7m in live tournament winnings, returns tomorrow with 7,860,000 in chips. He will be cheered on by fiancee Emily who flew in this morning from Florida to surprise him.
$1.3 Million 1st Prize for a Poker Tournament Side Event Almost Unheard of
Everybody is buzzing about this year’s $6.4MM Prize Pool For the $25K High Roller event at the PCA 2015. The grand prize: A cool $1,294,460.
#PCA2015 High Roller Prize Pool: Winner to Get $1,294,46
The winner of the record-breaking PCA 2105 $25k High Roller will receive $1,294,460. There were 269 entries for the event (200 unique players and 69 re-entries) generating a $6,456,000 prize pool.
Investigation Widens Into Footballer Michael McIndoe and Gambling Exploits
Former Scotland B international footballer Michael McIndoe is accused of recruiting other players into investment ventures which collapsed and the United Kingdom's biggest bookmaker has turned over all relevant information tied to McIndoe's betting account for investigating authorities.
CFP Championship Game Attracts Record Betting for Some: Books Hit by OSU Win
The first ever CFP Championship Game between Ohio State and Oregon was a bonafide hit though it wasn’t exactly pretty for the books.
Colorado The Latest US State to Want Legalized Sports Betting: Success With Pot
Colorado’s biggest bookie made millions. His high profile bust has lawmakers insisting that sports betting in the state should be legalized.
And no state should know better the potential for industries on the fringe. Colorado, after all, has witnessed a massive windfall following its legalization of marijuana only a year ago.
Billionaire Businessman Eugenio Mattar Leads PCA Main Event 2015: 24 Players Left
Billionaire businessman Eugenio Mattar is leading the final 24 going in to Day 5 of the PCA Main Event. The 62-year-old, who is CEO of Brazilian firm Localiza Rent a Car, one of the largest car rental companies in the world, has 2,673,000. American pro Chance Kornuth is currently second with 2,026,000.
Ho Nephew Arrested for Involvement in Prostitution Ring
A nephew of Macau Gambling tycoon Stanley Ho has been arrested for suspicion of running a massive prostitution ring from the gambling Mecca.
Alan Ho, a long time senior manager at SJM Holdings, was charged along with five others on Saturday with running the ring from one of the company’s largest properties, the Lisboa Hotel.
Creditors Try to Block Caesars Restructuring
Jan 12 (Reuters) - A group of second-lien bondholders of casino operator Caesars Entertainment Corp filed a petition for involuntary Chapter 11 bankruptcy protection against the company's largest unit after it defaulted on interest payments.
Caesars Entertainment Operating Co Inc defaulted on $225 million of payments due on Dec. 15.
The petitioning group includes hedge funds Appaloosa Investment Limited Partnership I and OCM Opportunities Fund VI LP, according to the petition filed on Monday.
The payments were due on principal of $4.5 billion.
Washington State to Introduce Online Poker Bill: Currently It’s a Felony to Play
Washington, the only state that makes playing online poker an actual Class C felony, is looking to change course.
Juan Etcheverry Leads After Day 4 of the 2015 PCA Main Event
Juan Etcheverry is leading for Day 4 of the PCA Main Event. The 29-year-old Argentinian from Buenos Aires has 1,705,000. The 56 other survivors, all guaranteed at least $24,140, include Team PokerStars Pros Jason Mercier and Jonathan Duhamel, finishing with 447,000 and 266,000 respectively.
Fantasy Sports Leagues Embrace the NFL, But Shun College Football
Company Executives Tell Gambling911 Why That’s So And Why It’s Changing
When it comes to legal sports wagering at Las Vegas sportsbooks, more money is wagered on pro football than any other sport.
The NFL is No. 1 for the books and always has been.
The second most popular sport to bet on at the Vegas books is college football, not surprising considering the overall popularity nationally of the game of football.
So why hasn't this affection for NCAA football translated to fantasy sports the way NFL football has?
Odds to Win the Golden Globe Awards – 2015
BetDSI.com has released odds to win the Golden Globe Awards for January 11, 2015 with betting available on many categories.
Walter Fisher Leads After Day 3 of PCA 2015 Main Event
Walter Fisher is leading for Day 3 of the PCA Main Event with 175 players left. The 33-year-old American, who finished 12th in the LAPT Bahamas Main Event, has 497,000. There were 816 entries in total, generating a massive $7,915,200 prize pool. As well as the $1,491,580 cash prize & coveted PCA 2015 trophy, this year’s champion will also receive a “Steel” watch from luxury Swiss brand SLYDE, the Official Watch Sponsor for the PCA Main Event, High Roller and Super High Roller. We start Day 3 just 56 players off the money; 119 players are getting paid with a min-cash worth $17,800.
Maryland Casino Boots Breastfeeding Mom: Deemed a ‘Security Threat’
A Maryland casino has come under fire for reportedly booting a breastfeeding mom.
Maryland’s Casino at Ocean Downs told Alana Panas she had to leave the establishment, but not due to the breastfeeding.
Casino rules state that nobody under the age of 21 is permitted on the gaming floor and that included Panas’ 7-week old infant.
Dietrich Fast Leads After Day 2 of #PCA2015 Main Event
German player Dietrich Fast is chip leader going in to Day 2 of the #PCA2015 Main Event. His 208,200 stack beats last night's chip leader from PokerStars Team Online - who has 169,000. Millar is now third in chips just behind American Konstantinos Pantaridis with 184,000.
Josh Kay Wins First LAPT Bahamas for $367,928
American player Josh Kay has won the first ever LAPT Bahamas event for $367,928 after beating EPT Prague/EPT London Super High Roller champion Martin Finger heads-up. The 28-year-old from Michigan, who normally plays cash games, tweeted “I love tournaments” immediately after his win.
Indiana Lawmaker Introduces Sports Betting Bill – Boosted by Daily Fantasy
Indiana State Rep. Alan Morrison has introduced two sports betting related bills in hopes of legalizing the activity in his home state.
Americas Cardroom Officially Begins Accepting Bitcoin Deposits
San Jose, Costa Rica – Getting money onto an online poker account has now officially become more convenient. Leading US online poker site Americas Cardroom today announced a groundbreaking move in payment processing. The poker site today becomes one of the first poker rooms to accept Bitcoin for deposits, with maximum daily transactions as high as $1,000 and minimum deposits as low as $5.
Transgenders, Necrophiles and Gamblers Banned From Driving in Russia
Russia continues to crack down on its LGBT community, this time passing a law that bans anyone who is a transgender, necrophile, transsexual, or S&M enthusiast from getting behind the wheel of an automobile. Likewise, the new law affects compulsive gamblers as they too will be unable to drive.
