Gambling News
Paddy Power Raises Full Year Guidance on Better Second Half
(Reuters) - Paddy Power Plc said it expects mid- to high-teens percentage earnings per share (EPS) growth this year, up a touch on its prior forecast as sports results rebounded as expected in the second half of the year.
The Irish gambling company saw operating profit fall sharply in the first half on what it described as a "horrific run of sports results" but said that things had already improved by August and that it expected mid-teen percentage EPS growth.
No Hearing in House Subcommittee for Online Gambling Ban
Poker Players Alliance (PPA) head John Pappas confirmed late Monday that an anticipated House subcommittee hearing to discuss a ban on Web gambling has been pulled from the agenda.
The Restoration of America’s Wire Act (RAWA) is a piece of legislation heavily backed by GOP megadonor and casino magnate Sheldon Adelson. The measure has support on both sides of the aisle, though that support is believed to be miniscule.
Pappas tweeted:
Vice: Online Gambling has Made Many in Gibraltar Very Rich
Vice Media has just got through visiting the British overseas territory of Gibraltar, surprisingly now the fastest growing economy in all of Europe with an unemployment rate around 6 percent. Much of this can be attributed to the online gambling sector.
Bunch Captures HPT Title and $150k in Vegas
Las Vegas, NV - John Bunch outlasted a stacked field to win the Heartland Poker Tour Main Event at Stratosphere Casino, Hotel, & Tower. For the victory, the technical advisor from Las Vegas earned the coveted HPT Title and $150,081.
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Bodog Arsenal Sponsorship Deal Could Be Nullified: Premier League Clubs Warned
Premier League clubs have been warned about entering into deals with unlicensed overseas online gambling companies in a move that could cost teams £90m a year in sponsorship revenue.
Caesars Looming Bankruptcy: Can’t Make Debt Payments
Caesars Entertainment Corp confirmed in a regulatory filing that it is contemplating bankruptcy as it will be unable to repay debts by the fourth quarter of 2015 without restructuring.
Retired Congressman Ron Paul Rips Into Adelson Over Online Gambling Bill
Retired Republican Congressman and two-time US Presidential candidate Ron Paul has come out swinging against “crony capitalism” and casino magnate Sheldon Adelson’s attempt to ban online gambling.
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‘Canary’ Mobster Who Helped Whack Brother-in-Law Gets Sentence of Time Served
A mob rat who helped in the 1988 murder of his brother-in-law has been rewarded with a sentence of time served – just three days.
NJ Woman Wins $1.3 Million Playing Online Slots at HarrahsCasino.com
ATLANTIC CITY, N.J. – (Associated Press) - A Morris County woman has won New Jersey's largest Internet gambling jackpot, a $1.3 million payout from an online slots game.
Cathy Ruela was playing the "Millionaire Genie" game on the Harrahscasino.com site on Nov. 6 when the genie on her computer screen broke open the chains on a treasure chest and a box popped up, announcing she had won a jackpot of more than $1.3 million.
The 31-year-old says she has been playing sporadically since February, usually about $20 or $30 at a time.
Reaction to Adam Silver Sports Betting Stance is Mixed
Gambling911.com has been bringing its readers extensive coverage of NBA Commissioner Adam Silver’s about-face on legalized sports betting. The reaction has been a mixed bag as one might expect.
New Daily Fantasy Sports Sites FantasyDraft.com, DraftHero Debut: Land T.Y. Hilton
Two new fantasy sports sites debuted in recent days: FantasyDraft.com and DraftHero.com.
Ultimate Poker Closes Its Nevada Online Gambling Site
LAS VEGAS (Associated Press) — Ultimate Gaming officials say they have shut down the company's online Ultimate Poker site in Nevada.
Chairman Tom Breitling said in a statement Friday that online poker revenue fell short of expectations and operating the sites in just a few states where it's legal has made the business costly.
Online poker is legal in Nevada, New Jersey and Delaware.
Players in one state can only go head-to-head with other players also physically in that same state.
Breitling says that made making a profit difficult.
Thieves Make Off With Thousands of Dollars in Casino Chips
UNCASVILLE, Connecticut —(Associated Press) Tribal police at the Mohegan Sun casino in Connecticut are searching for two men who made off with thousands of dollars worth of gambling chips.
Police say one of the suspects took the chips off a casino table Friday night and punched the victim, who tried to confront the thief.
Authorities say the robber then ran off and left the casino with another man, and both drove away in a maroon-colored vehicle.
Jose Canseco Finger Falls Off During Poker Game
Former Major League Baseball player Jose Canseco tweeted that his surgically repaired finger had fallen off in the middle of a poker tournament this past week. Canseco had accidently shot off the finger two weeks ago.
He tweeted:
Mavs Owner Mark Cuban Backs Adam Silver Position on Sports Betting
While the National Basketball Association Commissioner Adam Silver may have gone against the status quo by suggesting the time has come for legalized sports betting on NBA games, some of his colleagues – most notably the National Hockey League’s Gary Bettman – remain opposed to the idea.
Bookie Player Management – Reports Made Easy Via Pay Per Head Biz
One of the benefits of using a Pay Per Head business is the improved bookie player management equation.
RealBookies.com is one of the premier bookie management firms offshore, offering some of the best solutions in the world.
Taj Mahal to Close in December
(Associated Press) - THE OWNER of the struggling Trump Taj Mahal Casino Resort filed court papers yesterday saying it will close by next month, making it the fifth of the city's 12 casinos to shut down this year.
Trump Entertainment Resorts said in a Delaware bankruptcy court filing obtained by The Associated Press that its board has approved a shutdown of the casino by Dec. 12. It had threatened to close by then if its main union didn't drop its appeal of a court-ordered cost-savings package.
Sports Betting on Hockey: Gary Bettman Opposes It
The aptly named Gary Bettman opposes sports betting on Hockey and all other sports for that matter. The National Hockey League Commissioner sat down with CNN’s Rachel Nichols to discuss the National Basketball Association Commissioner, Adam Silver’s, newly found desires to have sports betting legalized.
Obermann Questions Silver Stance on Sports Betting Days After FanDuel Deal
Responding to NBA Commissioner Adam Silver’s new stance that sports betting should be legalized and regulated, ESPN2 sports commentator Keith Obermann suggested there is an underlying reason behind Silver's about-face.
Mississippi Bookies Flourish With Bulldogs, Rebels Riding High
It’s a good year to be a bookie in the Magnolia State of Mississippi. With two of the state’s top schools excelling in College Football, the demand for local bookies has never been greater.
Kent, a local bookie from Greenville, tells Gambling911.com his overall volume generated has more than tripled over last year.
“The folks here want to support their local College teams whether that’s Ole Miss or the Bulldogs,” Kent disclosed. “When their team is winning they feel more comfortable putting some money behind these schools.”
Appeals Court to Re-Hear Case of Ex-FBI Agent Turned Mobster
MIAMI (Associated Press) — A Florida appeals court in February will reconsider its decision to toss the murder conviction and prison sentence for a former FBI agent in a mob-style killing linked to jailed Boston mobster James “Whitey” Bulger.
The 3rd District Court of Appeal set oral arguments Feb. 12 in the case of ex-agent John Connolly. A three-judge panel of the court ruled in May that Connolly’s second-degree murder conviction was barred by the statute of limitations because a firearms enhancement was improperly applied.
NBA Commissioner Adam Silver: ‘The Laws on Sports Betting Should be Changed’
Writing an opt-in piece for the New York Times, NBA Commissioner Adam Silver says he wants sports betting legalized at the state level. This comes just one week before U.S. District Court Judge Michael Shipp will hear oral argument on whether to issue an injunction that continues to bar Monmouth Park from offering sports betting.
Dan Colman Says Phil Hellmuth ‘Spineless Cancer to the World’
Seemingly out of nowhere, this year’s One Drop winner, Dan Colman, lambasted 13-time World Series of Poker record bracelet winner Phil Hellmuth on the TwoPlusTwo.com forum.
More Atlantic City Woes as Revenues Drop
ATLANTIC CITY, New Jersey — (Associated Press) - Atlantic City's casino revenue fell by 4.4 percent in October compared with a year ago.
The casinos took in $207 million, compared to $216 million in October 2013.
But when casinos that have recently shut down are excluded, the surviving casinos saw their revenue increase by more than 19 percent compared to last October, the figures Thursday showed.
Americas Cardroom Adds $32,500 to Sit & Crush Leaderboard
The industry's top Sit & Go points race is getting a serious injection of cash once again. Americas Cardroom today announced Sit & Crush Reloaded, a 90-day promo that will see an extra $2,500 in cash added to each weekly Sit & Crush leaderboard for a total of $32,500 in extra money.
China’s Ban on ‘Lewd TV Content’ to Include Gambling, Infidelity and Maybe Harry Potter
Scenes involving murder, one-night stands and extra-marital affairs must now be cut out of live streaming television programs shown in China, most of which originate from the West.
Many foreign TV shows, including American dramas and South Korean soaps, are streamed online in China, the BBC notes. Now the hosting sites are being told to, not only remove any scenes depicting infidelity or murder, but also those involving gambling activity.
Bwin.Party Shares Plunge Thursday in Late Day Trading
Bwin.Party witnessed more than a 12 percent decrease in its share price following a 10 percent rise Wednesday on news that it was in early takeover talks. The price rose slightly Thursday morning peaking at 121.82 before the late afternoon plunge just shy of 104.
The statement issued Wednesday to the London Stock Exchange entitled "media speculation" said:
PokerStars Introduces The Billionth Tournament Carnival
ONCHAN, Isle of Man – PokerStars today announced the Billionth Tournament Carnival – a series of promotions to celebrate Tournament Number One Billion on the world’s largest poker site – that will take place from November 17-30.
Connecticut Could See Third Casino
UNCASVILLE, Conn. (Associated Press) — The tribal authority that runs the Mohegan Sun and rival Foxwoods Resort Casino could join forces to operate a third Connecticut casino near the Massachusetts state line to compete with new casinos opening in the Bay State, its chief executive said.
Mitchell Etess, chief executive officer of the Mohegan Tribal Gaming Authory, told The Day of New London it's "very easy" to see a solution drawn up by the Connecticut legislature.
