Gambling
US War With Antigua Reminiscent of David and Goliath
While we don’t expect US missiles to rain down on the tiny Caribbean nation of Antigua any time soon, an all out war of words has broken out between these two nations following the World Trade Organization’s granting Antigua permission to set up an online site infringing on US intellectual property.
PokerStars would Save Over 1700 Jobs in Atlantic City
The parent company of the world’s largest real money online poker room, PokerStars, is looking to purchase the money-losing Atlantic Club Casino in Atlantic City.
Philly Mob Trial Judge: Jurors Could be Forced to Work Through Super Bowl
PHILADELPHIA – (Associated Press) — A Philadelphia mob jury could work Super Bowl Sunday if the panel doesn’t reach a verdict this week in the sports betting and loansharking case.
Jurors have been deliberating over four calendar weeks, although they’ve twice had to start over when alternates replaced original jurors.
Free To Play Online Poker Room ZEN Gaming Files for Bankruptcy
One of the leading free to play online poker networks, ZEN Gaming, has filed for bankruptcy protection with its future uncertain. The company relied heavily on an ad support platform but has been met with fierce competition, mostly from real money Web poker rooms that also offer the free to play format. Still, ZEN Gaming does boast of having more than 750,000 registrants with over $100k in cash prizes awarded monthly.
New Jersey Governor Chris Christie Signs Mobile Gambling Bill Into Law
While residents wait to see if New Jersey Governor Chris Christie will sign or veto a bill to allow online gambling, he did sign into law legislation for mobile gambling at race tracks.
U.S. Hedge Fund Builds Stake in Greek Gambling Monopoly
(Reuters) - U.S. hedge fund Baupost Group has a 5.2 percent stake in Greek gambling firm OPAP, a regulatory filing showed on Tuesday, signaling foreign interest in the country's gambling monopoly before its privatization.
Boston-based Baupost Group, run by money manager Seth Klarman, unveiled the position after it exceeded a 5 percent reporting threshold under Greek law, OPAP said in the filing.
Baupost is the third investment fund holding a big stake in OPAP, which has a market value of 2.05 billion euros ($2.76 billion) on the Athens Stock Exchange.
Zynga Shares Soar Ahead of Earnings Report
SAN FRANCISCO – (Reuters) - Zynga’s stock rose 14 percent on Monday as investors grew more confident that the social games developer behind "Farmville" and "Mafia Wars" will deliver a solid set of quarterly results next week.
Its shares ended trading at $2.84, up 35 cents
Breaking: WTO Authorizes Antigua to Suspend US Copyrights
In Geneva on Monday, the World Trade Organization gave permission to the tiny Caribbean nation of Antigua to suspend US copyrights as a form of relief for the US Government’s failure to abide by a WTO decision on Internet gambling.
Local authorities in Antigua may now move forward with the development of a download portal for pirated movies, television programs, CDs and games.
US Issues Stern Warning Against Antigua After Threat of ‘Piracy’
(Reuters) - The United States on Monday warned the tiny Caribbean nation of Antigua and Barbuda not to retaliate against U.S. restrictions on Internet gambling by authorizing the "theft" of U.S. intellectual property.
Italy has a Billion Dollar Gambling Epidemic
The Daily Beast on Monday reported that the nation of Italy has a billion dollar gambling epidemic, no doubt fueled by the recent explosion of regulated Internet poker.
Don’t Call It Piracy: Antigua to Begin Copyright-Free US Media Downloads
The tiny Caribbean island of Antigua is set to begin selling copyright-free US movies, DVDs, CDs, games, software a more beginning this coming Monday January 28, 2013.
The move is in response to the USA’s failure to adhere to a World Trade Organization ruling made several years ago in regard to online gambling.
New Sports Betting Film ‘Life On The Line’ Free Screening at LVH (Video)
A new documentary film about sports betting is set to debut nationwide Sunday. ‘Life On The Line’ will be shown as part of a free screening Saturday January 26, 2013 (that’s tomorrow if you are catching this piece from the Gambling911.com home page) at the LVH Sportsbook’s 1500-seat showroom (5 pm Vegas time).
Sheldon Adelson’s Venetian Macau Sues Two Gamblers for $4.5 Mil Over Debts
HONG KONG — (Associated Press) - U.S. billionaire Sheldon Adelson’s flagship Macau casino is suing two mainland Chinese high rollers over debts worth millions in a case that provides a rare glimpse into the VIP culture that powers the gambling enclave.
Chaos at Philly Mob Trial But Jury Resumes Deliberations
PHILADELPHIA (Associated Press) — A jury weighing mob racketeering charges in Philadelphia is back at work after a chaotic week in which two jurors were replaced and a foreman quit the post.
Wells Fargo Analysts: Online Gaming Bill Could Save Atlantic City
Could Be a Positive Catalyst for BORGATA, BYD & CZR
Maintaining Existing Recommendations
Paddy Power Projects Slot Machine on Milan Stock Exchange
(Reuters) - Irish bookmaker Paddy Power , known for its provocative advertising and innovative gambling products, projected a slot machine on the Milan stock exchange on Wednesday to promote its expansion in the growing online Italian gambling market.
The Dublin-based group said it aims to become one of the top five online bookmakers this year in the growing Italian market, dominated by local operators Lottomatica, privately owned Sisal, and Snai.
German Federal Court Suspends Internet Gambling Case
The German Federal Court set down a ruling on Thursday suspending its decision related to the legality of its State Treaty of Gaming.
The current online gambling treaty only allows for 20 licensed operators.
Opposition groups and gaming firms have argued that the German restrictions fail to adhere to European Union trade laws.
Bitcoin Casino SatoshiDice Results Raise Eyebrows in Online Gambling Sector
The numbers don’t lie. Bitcoin casino SatoshiDice, based out of Dublin, Ireland, has recorded a daily profit of ฿135.96 (£1,527) per day, and those numbers continue to grow as more and more Web gamblers become acquainted with the alternative anonymous online currency.
Not only is Bitcoin a sort of niche currency, SatoshiDice itself falls into the niche category, making these numbers all the more impressive.
Cake Poker Introduces Cake Dice: Will Launch With Games Cee-Lo and 1-4-24
Popular online gaming site, Cake Poker (CakePoker.eu) is introducing Cake Dice, the latest addition to Cake’s growing menu of gaming options including Poker, Casino, Tournament Blackjack, WAR and Russian Roulette. Cake Dice will launch with popular games, Cee-lo and 1-4-24.
Atlantic City Casino Billionaire Owner Tilman Fertitta Fined for Gambling
ATLANTIC CITY, N.J. – (Associated Press) - The Texas billionaire who owns Golden Nugget Atlantic City casino has agreed to pay a $15,000 fine.
New Jersey regulators cited Tilman Fertitta for playing blackjack at two Atlantic City casinos last year. That violates a law that bars holders of a key casino employee license from gambling in Atlantic City.
Golden Nugget general manager Tom Pohlman tells the Press of Atlantic City Fertitta feels bad because he didn't know about the ban. Pohlman says Fertitta can gamble in Nevada except at his own casino.
Christie Speaks on Feds Immersing Themselves in NJ Sports Betting Lawsuit
Following news that the Feds will be joining a suit filed by the professional sports leagues and NCAA to prevent legalized sports betting in the state of New Jersey, Governor Chris Christie reacted late Tuesday evening.
Why Legalized Internet Gambling in New Jersey Will Help Boost Atlantic City
On Tuesday night, New Jersey Governor Chris Christie addressed his concerns over legalized Internet gambling in the state, primarily will Web casinos and poker rooms keep gamblers from going to Atlantic City?
Mississippi Exploring Legalized Online Gambling Once Again
One of the least likely states, conservative Mississippi, is once again exploring options to legalize online gambling.
Mississippi considered seriously flawed legislation last year that called for – among other things – allowing cash and credit as deposits with little oversight and the confiscation of inactive funds by the state.
An almost identical bill is being re-introduced by state Rep. Bobby Moak. He once again asserts that legalized online gambling in the state would result in countless numbers of jobs created.
Bitcoin Online Casinos Report Impressive Results: Triple Digit Growth
SatoshiDice.com, the largest bitcoin online casino in terms of overall volume, has reported impressive earnings on the year.
Judge Rejects Lawsuit in Opposition to Expanding Gambling in Maryland
ANNAPOLIS, Md.— (Associated Press) - A Maryland judge has rejected a lawsuit seeking to overturn gambling expansion in Maryland.
Anne Arundel County Circuit Judge Ronald Silkworth released his decision on Tuesday.
Opponents to the ballot question to allow table games like blackjack and a casino in Prince George’s County contended that a majority of registered voters in the state would need to approve the proposal, not just a majority of people who voted on the ballot question in November.
IMEGA Issues Statement on Justice Department Joining NJ Sports Betting Suit
On Tuesday the U.S. Department of Justice filed notice that it is joining the professional sports leagues' and NCAA’s effort to stop New Jersey from instituting sports gambling, thus stacking the deck against the Garden State…or maybe not.
Chris Christie Expresses Concerns Over Legalized Internet Gambling in NJ
Answering a question as to whether he will sign an Internet gambling bill into law by early February, New Jersey Governor Chris Christie expressed apprehension.
Christie took questions live Tuesday night during an “Ask The Governor” session.
Feds Join Leagues in New Jersey Sports Betting Suit
NEWARK, N.J. — (Associated Press) - The U.S. Department of Justice has filed notice that it is joining sports leagues' effort to stop New Jersey from instituting sports gambling.
New York State Governor Cuomo Likely to Discuss Gambling Expansion
ALBANY, N.Y. (Associated Press) - Gov. Andrew Cuomo is set to detail his budget proposals for the state's 2013-2014 fiscal year beginning April 1.
He's expected to propose about $132 billion in spending and attack a deficit of at least $1 billion as the state deals with the aftermath of superstorm Sandy and tax collections lagging behind projections.
His afternoon address in Albany on Tuesday will include plans to pay for initiatives he outlined in his state of the state speech earlier this month, notably in education and economic development.
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