Gambling
MGM Shares Plummet: Morgan Stanley Says ‘Worst is Over’ for Macau Gaming
Casino stocks were not immune to Monday’s steep drop across all markets. MGM Resorts reported a decline of 1.6% to $20.68 in trading due primarily to disappointing gambling results in Macau last month.
Last year’s results were the worst decline since the Chinese government liberalized the gambling enclave in 2001 with a 30.4% drop-off.
Las Vegas Sands Gets Green Light for Paris-Themed Casino in Macau
The Asian gambling Mecca of Macau has approved a Paris-themed casino the Las Vegas Sands has asked to establish there. Sands already operates a successful casino establishment in the former Portuguese colony, now a part of China.
The $2.7 billion Paris-themed integrated resort will feature a replica of the Eiffel Tower. With more than 3,000 rooms, the Parisian Macao will bring more than 490,000 square feet of retail space, dining options, new meeting and convention facilities.
‘Sopranos’ Bada Bing Strip Club Robbed for Second Time in Just One Month
New Jersey’s famed Bada Bing Strip Club, featured prominently in the HBO mobster series “The Sopranos”, has been hit by a second robbery in just under a one month period.
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Malaysian Police Were Wrong Regarding Paul Phua 14K Triad Connections
Officials are pointing the finger at Malaysian police for “getting it wrong” about gambling czar and poker pro Paul Phua’s alleged involvement with the Hong Kong-based transnational organized criminal outfit 14K Triad.
Canadian Mass Murderer Had Massive Gambling Debts
A man charged with killing eight people in Edmonton, Canada this week had piled up huge gambling debts and was forced to file bankruptcy last February after running up a debt of nearly C$500,000 (NZ$551,124).
Macau Gambling Revenue Takes Record Plunge
HONG KONG (Reuters) - Gambling revenue in the Chinese territory of Macau, the world's biggest gambling hub, fell 2.6 per cent to 351.5 billion patacas (S$58.4 billion) in 2014, the territory's first annual decline since casinos were liberalised there in 2001.
This came as revenue plunged a record 30.4 per cent in December from a year earlier to 23.3 billion patacas, marking the seventh consecutive monthly decline, data released on Friday by Macau's Gaming Inspection and Coordination Bureau showed.
Adult Entertainment Company Vivid Joins Forces With Fantasy Sports Site
Adult entertainment and fantasy have always worked great together….but Fantasy Sports?
Yes it’s true, the world’s largest purveyors of pornography, Vivid Entertainment, this week entered into a deal with the third largest Daily Fantasy Sports site DraftDay.com.
Professional Sports Leagues Find Great Value in Daily Fantasy Sports
The professional sports leagues are loving Daily Fantasy Sports...and with good reason.
Unibet Buys Bingo.com for $8 Million
Domain names are still a hot commodity and certain domain names are fetching big bucks. This week, Bingo.com was sold to the online gambling firm Unibet for a cool $8 million.
Malaysian Official Intervenes in Federal Case Against Poker Pro Paul Phua
A high ranking Malaysian government official has intervened in a federal case involving poker pro Paul Phua and his son Darren. Phua is a Malaysian businessman who is facing prison time and potential deportation back to his native country.
Nevada Gaming Revenue Flat in November
LAS VEGAS (Associated Press) - State officials say Nevada gambling revenue was virtually flat in November compared with the same month a year ago. Nevada Gaming Control Board officials reported Tuesday that the state's casinos brought in a little more than $876 million in November.
That was up less than one-tenth of a percent from November 2013. Las Vegas Strip gambling revenues of $508 million were down 4 percent year-over-year, while downtown revenue of $43 million was up 13 percent.
Fantasy Sports Site PlayMLF.com to Announce First Pro Sponsorship Deal
Daily fantasy website Major League Fantasy (www.playmlf.com), which went into business just last month, will soon announce a partnership with the Tampa Bay Lightning of the National Hockey League, sources told Gambling 911.
The arrangement will involve Major League Fantasy becoming an official sponsor of the NHL team, with MLF advertising appearing at Lightning games and in Lightning media, the sources said.
Dan Bilzerian, Sheldon Adelson and Phil Ivey: The Year in Gambling 2014 Top Stories
It’s that time of year that everybody dreads – the Top 10 Stories of the past 12 months. But everyone is doing it, regardless of the industry, so we shall as well.
Singer Macy Gray Admits to Huge Gambling Losses
“My gambling losses would have paid for another house,” reveals Grammy Award winning artist Macy Gray in a sit down interview with the Telegraph newspaper in London.
Art Dealer Helly Nahmad Spotted for First Time Following Release From Prison
Billionaire art dealer Helly Nahmad has been spotted for the first time since serving a brief stint for his role in a high stakes $100 million gambling operation with ties to the Russian Mob.
Vegas Bound Virgin Atlantic Flight Landing Gear Issues: Makes Safe Landing
A Virgin Atlantic jet bound for Las Vegas is made an emergency landing at Gatwick Airport after developing a problem with its landing gear.
The plane landed just before 4 pm London Time.
At the time, the airline said the Boeing 747 "is preparing to implement a non-standard landing procedure" because of "a technical issue with one of the landing gears."
Neteller Co-Founder Tells All in New Book ‘Life Real Loud’
The colorful co-founder of online gambling payment solution Neteller, John Lefebvre, has written a new book. We here at Gambling911.com haven’t read it yet but we sure plan to. Knowing Lefebvre as we do, it’s going to be an interesting read to be sure.
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New Fantasy Sports Site Draftster.com is Looking to Get Noticed
SANTA MONICA, Calif. -- This tony Southern California beach town just outside Los Angeles has always been known for great waves and great surfing, not to mention seeing an occasional celebrity or two.
But as the base for an Internet fantasy sports league?
That's something that's more likely to come out of Northern California, where tech-obsessed Silicon Valley is located.
TheScore Acquires Swoopt Daily Fantasy Sports App
While the Daily Fantasy Sports industry may be in its infancy, consolidation continues. Last week it was announced that Toronto-based TheScore.com had acquired a mobile Fantasy sports app called Swoopt.
Pay Per Head for College Basketball
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Paul Phua Trial Delayed Pending Ruling on FBI Tactics
LAS VEGAS — (Associated Press) - Trial has been postponed pending a federal judge's ruling on whether the FBI improperly entered Las Vegas Strip hotel suites without a warrant before arresting and accusing a Malaysian businessman and his son of illegal Internet gambling.
Court records show a Jan. 12 trial date was vacated Monday for Wei Seng "Paul" Phua and his son, Darren Wai Kit Phua. No new date was immediately set.
Thousands Arrested on Charges of Gambling, Porn
SHANGHAI (Reuters) - China has detained over 30,000 people during a two-month clamp down on pornography and gambling, state news agency Xinhua reported on Sunday.
In the latest arrests, police in the southern province of Guangdong arrested 3,014 and put more than 8,000 in criminal detention as of Dec. 15, Xinhua reported the Guangdong Provincial Public Security Department as saying.
NJ Governor Chris Christie Accuses NBA Commish of ‘Bait and Switch’ re Gambling
New Jersey Governor Chris Christie has accused National Basketball Association (NBA) Commissioner Adam Silver of a “bait and switch” when it comes to sports betting.
The Garden State has been trying to legalize sports betting for over a year now but the NBA and other leagues have filed suit to prevent this. So far they have succeeded in doing so.
Daily Fantasy Sports Operator Sports Tradex CEO Talks About Industry With G911
HOUSTON -- This sprawling Southwestern metropolis, now the country's fourth-largest city, has been home to many historic venues, such as the Astrodome and NASA headquarters.
And now it is the home of a sports fantasy company that is revolutionizing the industry--Sports Tradex (www.sportstradex.com).
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33-Year-Old Turns $35 Into $2 Million at 2014 Fantasy Football Championship
A 33-year-old personal trainer and former teacher last week converted a $35 entry into $2 million at the 2014 FanDuel Fantasy Football Championship in Las Vegas.
Caesars Entertainment to Buy Affiliate in Move to Reduce Debt
LAS VEGAS (Associated Press) — Caesars Entertainment Corporation says it will buy an affiliate as it tries to smooth the reorganization of a struggling division and balance its debt load.
The Las Vegas casino giant says the merger with Caesars Acquisition Company will give it $1.7 billion in cash it needs to guarantee loans in a proposed bankruptcy deal it's pitched to creditors of its debt-heavy operating division.
Wizard of Oz Casino Coming Soon to New York East of Syracuse
Ray Halbritter, chief executive officer of the Oneida Nation, has confirmed in a press release Monday that the Tribe plans to develop a Wizard of Oz themed casino 14 miles East of Syracuse in the town of Chittenango.
