Gambling News
Churchill Downs to Buy Maine’s Oxford Casino
OXFORD, Maine (Associated Press) — Less than a year after it opened, Maine's Oxford Casino is being sold for about $160 million to Churchill Downs Inc., the Kentucky-based gambling company announced Friday.
The deal awaits approval by the Maine Gambling Control Board and is expected to close in the fourth quarter of 2013.
Macau Gambling Revenue Up 25.4 Percent in March Over Same Period Last Year
Macau gambling revenue was up 25.4 percent in March compared to the same period last year.
Government data indicated that the world’s largest gambling destination experienced a rise to $3.92 billion.
Full year gambling revenue hit $38 billion last year.
Business from both mass-market and VIP, or high-stake gamblers, has been strong, RBC Capital Markets analyst John Kempf wrote in a March 25 note.
Casino companies like Galaxy Entertainment and Sands China Ltd. have been expanding and adding rooms.
- Aaron Goldstein, Gambling911.com
InterPoker Moving to OnGame Poker Network
One of the oldest online poker sites, InterPoker, as confirmed it is switching networks and moving from the International Poker Network to OnGame.
Amaya Gaming recently purchased OnGame and is positioning the company for a spot amongst the US legalized Web poker landscape. In recent months, however, OnGame has suffered from a string of defections.
Affiliates of the InterPoker website received the following email:
Cyrpus Banking Crisis Helps Bitcoin Value Rise (Video)
Despite news last week that the US Government has intentions of regulating the virtual currency Bitcoin, its value continues to rise at an incredible pace.
The reason: Tiny Cyprus in the Mediterranean. An island nation that was forced to enter a bailout while imposing what amounts to a 60 percent fee on high end bank balances with little warning.
Hintze: PokerStars Getting Licensed in Delaware an Uphill Battle
Haley Hintze of 4Flush.com raises some interesting points as it relates to PokerStars obtaining an online poker license in the state of Delaware. The odds are long based on how the Delaware Lottery itself envisions its interactive gaming process.
Poker Personality Nolan Dalla Conned Out of $37k by ‘Notorious’ Peter Falcone
Nolan Dalla has come forward to declare he was conned out of $37,000 by one time best friend Peter Falcone.
Dalla writes on his blog in a three-part series admitting his vulnerability.
Peter Falcone.
NATIXIS Issues ‘Buy’ Rating for Gambling Powerhouse William Hill
NATIXIS reissued a ‘buy’ rating on shares of England’s biggest bookmaker and online gambling firm William Hill with a target price of $7.16 on its stock.
This move follows JPMorgan Chase cutting their price target on shares of William Hill from $7.70 to $7.33 in a research note to investors on March 21st.
Four analysts have rated the stock with a sell rating, two have issued a hold rating and thirteen have assigned a buy rating to the company’s stock.
Poker Staking Guide Released by PokerStakes.com
LONDON, UNITED KINGDOM - Tens of millions of dollars a year change hands in poker staking deals, yet the overwhelming majority of poker players have little idea of what staking is, how it works, or - most importantly - how they can gain access to poker staking marketplaces.
Gambling911.com Marketing: Madness, Poker Tournaments and Horses
With the March Madness Sweet 16 and Elite 8 concluded, Gambling911.com has seen some more exceptional search results. For industry professionals, be sure to check out our Marketing section regularly here and if you wish to contact us, please do so here. We are available 24/7.
Tribes Looking to Form Online Gambling Coalitions
A report appearing on GamblingCompliance.com suggests that US Tribes could begin forming online gambling coalitions as states begin to legalize betting on the Web.
From GamblingCompliance.com:
Internet Gambling, Casino Expansion a Tough Sell in Illinois: Quinn Skeptical
CHICAGO — (Associated Press) - Lawmakers pushing to expand gambling in Illinois hope the third time is a charm with a more finely tuned proposal that could make Illinois the fourth state to allow Internet gaming.
The latest proposal includes some familiar ideas: five new casinos, including one in Chicago and Rockford; thousands of slot machines, including at Chicago’s two airports. But it also includes Internet gambling, which would allow Illinois residents to play games like black jack on their computers or smart phones.
Casino Mogul Sheldon Adelson Testimony to be Streamed Live This Week
Courtroom View Network is expected to receive exclusive ability tomorrow to provide live streaming coverage in the trial against Las Vegas Sands Corp. Renowned liberal icon, Alan Dershowitz, and former lawyer for OJ Simpson appeared in court Friday to argue against the motion to allow cameras in the courtroom. Dershowitz argued against cameras - the liberal icon is representing the interests of ardent conservative billionaire Adelson.
Rocco Palumbo Wins WPT Venice Grand 2013: Mike Sexton Finishes Third
Italian poker player Rocco Palumbo has won the WPT Venice Grand 2013, bringing is live tournament earnings up to just over $1 million.
Palumbo did have three small cashes so far this year leading up to this event. He did win $464,464 and a World Series of Poker bracelet last summer.
Noted poker player and personality Mike Sexton won a cool $69,723, finishing 3rd at the WPT Venice Grand.
In all, 173 players took part in this year’s event.
WPT Venice Grand Final Table Results
Nevada Supreme Court Rules Against Phil Ivey’s Wife in Divorce Suit
The Nevada Supreme Court Friday ruled against a petition filed by poker pro Phil Ivey’s ex wife, Luciaetta Ivey, claiming she was treated unfairly in their 2009 divorce case.
From PokerNews.com:
AFFCoins Online Casino Brands Rockbet, Slots Jackpot Re-enter US Market
In a sign of good things to come we suppose, the AFFCoins online casino group, which includes Rockbet Casino, Vegas Days Casino, Casino Fiz, Tradition Casino and Slots Jackpot, have re-entered the US market offering real money play.
Delaware Park's Ironman Poker Challenge Breaks World Record
This week’s Delaware Park’s Ironman Poker Challenge broke the Guinness record for longest consecutive tournament at 36 hours, 34 minutes and 11 seconds.
Ultimately it was Czech Republic player Peter Konas who topped the field to scoop the $27,160 first place prize. He also now holds the prestigious Iron Man of Poker title.
"We are exceptionally proud to be the home of an event that has made world history," said Andy Gomeringer, Senior Vice President of Slots & Marketing.
Phil Ivey Wins $736,844 on Full Tilt Poker in 48 Hours: Dissed by SallyWoo
One of the most recognized names in poker, Phil Ivey, managed to win $738,844 in just under 48 hours at Full Tilt Poker beginning Wednesday of this week.
Ivey plays under the handle “Polarizing”.
Among Ivey’s victims: Viktor “Isildur1” Blom and online player NiklasReinecker. Ivey played mostly short sessions.
He continued his winning ways on Thursday, March 28, adding $492,700 to his bankroll.
FLO8 specialist, SallyWoo, refused his action, and it was probably for the best.
Online Gambling Stocks You Need to Watch in 2013
The Motley Fool released its online gambling stocks to keep a close eye on in 2013 and beyond.
With three states having already legalized Web wagering in various forms, others are sure to follow and some big name players in i-Gaming are gearing up to come online in the US some time in 2013.
2013 World Poker Tour Venice Grand Prix Day 2: Ludovic Lacay Leads
The 2013 World Poker Tour Venice Grand Prix Day 2 had Ludovic Lacay the chip leader.
While not necessarily a familiar name to many in the poker community, the French pro has won just shy of $3 million in live tournaments to date.
His most recent big pay day was in October at the PokerStars.com EPT San Remo Main Event, which he won. His reward was a cool $1 million and some change.
Double Down or Bust: How Gambling is an American Addiction
With March Madness slowly coming to an end, gamblers and sports enthusiasts are just looking for something else to bet their money on! Some say that their gambling habits are just for fun, some call it added income, but for many who take part in this billion dollar industry, they may call it an “Addiction.”
Gutshot Poker Reopens but Existing Players Must Activate Accounts Now
Gutshot Poker has reopened its doors and will now operate on three different online poker networks including Revolution, OnGame and Play2B.
The site shut down recently with players unable to claim their funds. The new management will apparently make customers jump through hoops in order to re-activate their accounts.
From PokerFuse.com:
Fortune Poker Room Shuts Down
Fortune Poker, which has been in business for nine years, will be shutting down the end of this month.
The company issued this brief statement Tuesday:
Boyd Gaming CEO: ‘New Jersey Better Opportunity for Online Poker Than Nevada’
Boyd Gaming CEO Keith Smith tells EGR Magazine he believes New Jersey presents better opportunities for online poker than Nevada.
Phil Hellmuth: New Poker Players 'Lack Reading Ability'
In an interview with PokerListings.com, 13 time World Series of Poker bracelet winner Phil Hellmuth says today’s new blood lacks the ability to read other players when taking part in live tournaments.
Game Developers Conference 2013 Talks Gambling on Games and $20B Payday
All the talk at this week’s Game Developers Conference appears to have centered around - you guessed it - gambling.
And why not? Experts placed a dollar figure at around $20 billion for the sector.
The big question for a panel discussing the subject: Is gambling the next growth opportunity and how can it be regulated?
Wynn Unveils Rendering of $1.2 Billion Everett, Massachusetts Gambling Resort
EVERETT, Massachusetts — (Associated Press) - Las Vegas casino operator Steve Wynn has unveiled an artist's rendering of a $1.2 billion proposed resort casino in Everett.
PokerStars New Television Advertisement Campaign Features Rafa Nadal (Video)
PokerStars on Wednesday released its new TV advertisements to air globally featuring tennis star Rafa Nadal, himself an accomplished poker player.
The ad spots feature Nadal competing online at PokerStars against a fictional character representing one of the site’s 50 million players.
Phil Hellmuth Arrives at Venice Grand Prix Dressed in Carnevale Garb
Well, he couldn’t beat riding the giant hotdog on water but poker pro Phil Hellmuth tried to top that one off with a grand entrance at this week’s World Poker Tour Venice Grand Prix.
PartyPoker PokerFest 2013 Schedule Unveiled With 64 Events: Online Poker Qualifiers
The PartyPoker PokerFest 2013 will be going off April 21 through May 5 featuring 64 great events. Those interested can qualify online here.
Most of the events will feature Hold’em poker with only a handful reserved for Omaha. Buy-ins start at $0.50 and go up to $1,060. There is a $1 million guaranteed prize pool.
UK Online Gambling Sees 80 Percent Growth Over Past 5 Years
Good news for the online gambling sector as one of the most open markets, the United Kingdom, reported growth of around 80 percent since 2008.
