Business & Financial
23500 Petitions Received for Full Tilt Poker Remission Process
Claims administration firm, Garden City Group (GCG), has completed the remission process for payments to Full Tilt Poker players.
It was reported yesterday (October 1, 2013) that some 1.4 million emails have been received from those still owed money from Full Tilt Poker. 23,500 petitions were also processed.
Full Tilt Poker abruptly exited the US market on April 15, 2011 following a series of indictments. Last year, the US Government settled with the company and began the process of determining payout distributions.
Vegas Visitor Count Up Slightly in August
(Associated Press) - Tourism authorities say the number of visitors to Las Vegas went up slightly in August compared with last year.
The Las Vegas Convention and Visitors Authority reported Monday that about 3.4 million visitors came to town in August, up 0.9 percent from the same month last year.
The number of conventions and meetings held in Las Vegas in August was down 13 percent year-over-year.
Room occupancy ticked up slightly from last August to just more than 84 percent, and average hotel room rates ticked up more than 3 percent to $105 per night.
PerHead Offers Live Dealer Casino
Per head businesses are no longer just about managing reports and providing online software for bookmakers and agents. These businesses must stay competitive and one way to do this is to offer a whole suite of extras such as smartphone compatible platforms, live betting, full track horse racing, and even an online casino.
Melco-Crown Entertainment to Invest USD 5 Billion in Japan Casino
Melco-Crown Entertainment, a joint venture between Macau casino tycoon Lawrence Ho and Australian gambling billionaire, James Packer, has announced plans to invest US$5 billion into a new casino resort in Japan.
Speaking to Bloomberg News, Ho state: "If Japan opens up and allows integrated resorts in Tokyo, Osaka, the market could easily be in excess of $10 billion to $15 billion or more."
US-based casino operators Wynn Resorts and MGM are also seeking to expand its casino empire in Japan.
Ladbrokes Chief Head on Chopping Block: Shares Plunge 10 Per Cent
Ladbrokes shares fell nearly 10 per cent Thursday amidst news the UK’s second largest bookmaker’s operating profit would come nowhere near that of last year’s numbers.
Forecasts now call for between £10million to £14million this year compared with market forecasts of £27.5million.
WagerWeb.com Affiliate Program Review: New Software Huge Improvement
Gambling911.com recently had a chance to test out the WagerWeb.com affiliate program software and absolutely love it. This is a step up from the software they were previously using, which itself was much better than the industry standard.
US Online Gamblers Spent US$2.6 Billion in 2012
WASHINGTON—(AFP) - Americans spent US$2.6 billion on gambling websites in 2012, according to a study released Tuesday by the casino industry as it renewed a push for Congress to regulate online betting.
The American Gaming Association, which released the study, said it highlights the need for federal legislation to end the state of “ambiguity” on Internet wagering.
PokerStars Founder Isai Scheinberg Profiled in Canadian Business
CanadianBusiness.com has a riveting story on the man who started the world’s largest online poker site, PokerStars.com.
Here we get a rare glimpse of Isai Scheinberg, who opened PokerStars from Toronto, Canada the same day two planes his the World Trade Center in Downtown Manhattan, September 11, 2001. At that time, Paradise Poker pretty much dominated the online poker scene.
Man Wins $1.3 Million in a Single Weekend at Bitcoin Online Casino
One lucky individual managed to win $1.3 million this past weekend at Just-Dice.com, a European-based online casino offering a bitcoin dice game. The amount translated into bitcoins was 11,000.
Snitch Banker in Full Tilt Poker Case Told By Bosses She Would be Arrested
LAS VEGAS (Associated Press) — A banker who took on an online gambling operation was the star of an anti-money-laundering conference in Las Vegas on Monday.
Compliance officer Cathy Scharf told an auditorium full of aghast colleagues about her experiences at a Utah bank that illegally processed a quarter billion dollars for the offshore gambling sites PokerStars and Full Tilt Poker.
She said her bosses told her the bank would fail without the illegal income, and they threatened her with arrest if she told on them.
888 Inks Deal With Wynn to Offer Online Gambling
Wynn Resorts has entered into a deal with 888 Holdings to offer online gambling in the United States it was revealed on Monday.
Wynn’s website will operate on the 888 network, All American Poker Network (AAPN).
888 is already partnered with Caesars Interactive, which last week launched the real money version of its WSOP.com website.
888 is now the world’s 3rd largest online poker company after overtaking PartyPoker this month.
Oversaturated Online Poker Market: Nevada Needs Compacts With Other States
Howard Stutz of the Las Vegas Review Journal notes that, with two real money online poker sites now launched in Nevada, the market is already saturated.
True, very true. Caesars WSOP.com opened its doors to real money play this past week, following in the footsteps of Station Casinos backed Ultimate Poker.
Established Gambling Destinations Like Vegas Faltering According to Moody’s
LAS VEGAS (Associated Press) — Established gambling towns like Las Vegas and Atlantic City are hurting as more states start welcoming bettors’ dollars, Moody’s Investors Service warned last week.
The credit rating agency issued a report describing a shift in casino tax revenues away from New Jersey, Indiana and Nevada to new markets in places like Pennsylvania, Illinois and Ohio.
Test Drive Perhead.com’s Betting Software
Perhead.com now offers demos for agents looking to place their clients with one of the first established per head shops offshore.
Bitcoin ATMs are Coming to America
Bitcoin ATMs are quite possibly arriving in America by year’s end. At least two firms have plans to ship out Bitcoin ATMs to American cities in the coming months, according to an article appearing in Time Magazine last week.
WSOP.com Opens for Business, Real Money Online Poker in US
Caesars Interactive Entertainment officially opened its online poker site, WSOP.com, for real money play at 12:19 pm EDT Thursday (September 19, 2013).
The MAC-compatible Web card room will compete with only one other real money site, Ultimate Poker, for business within the United States.
More specifically, the two sites will be vying for a piece of the Nevada player population. Neither can accept real money play beyond the Silver State’s borders.
World Poker Tour Championship to be Held at Borgata, Sponsored by Bwin.Party
(Associated Press) - Ever since New Jersey legalized Internet gambling in February, poker was expected to be a big part of it.
Irish Bookmaker Paddy Power Comes Out in Favor of Gay Footballers
Paddy Power, the United Kingdom’s third largest bookmaker, will begin working with LGBT charity Stonewall to get behind gay footballers.
Early Success at Full Flush Poker Means More Money Up for Grabs
New online poker site, part of the Equity Poker Network, set to go live with real money gambling by late November
888-Powered WSOP.com to Launch Real Money Online Poker in US Thursday
(Reuters) - U.S. gaming company Caesars Interactive Entertainment and partner 888 will launch online poker in the American state of Nevada this week following the relaxation of a ban on Internet gambling.
Nevada, home to the famous gambling resort of Las Vegas, is one of a number of tax-hungry American states that have eased the online ban imposed by Congress in 2006. The ban dealt a blow to companies like London-listed 888 which had set up in the United States.
Macau Casino Shares Soar to Highest Level in More Than 3 Months
HONG KONG (Reuters) - Hong Kong shares soared to their highest in 17 weeks early Monday, buoyed by Lawrence Summers' withdrawal as a candidate to head the Federal Reserve and by Macau election results that made its gambling sector a standout performer.
News that Lawrence Summers pulled out of the race to head the Fed lifted most Asian markets, which feared that the policy hawk could accelerate tapering of the Fed's aggressive monetary easing.
WSOP.com Launch Date to be Announced
The launch date for Caesars Interactive’s WSOP.com online poker website was to be revealed today (Monday, September 16, 2013).
WSOP.com is expected to be only the second real money online poker site to go live within the state of Nevada following in the footsteps of Station Casinos backed Ultimate Poker.
Jenny Woo Talks Online Gambling Payment Solutions in US With CAMS CEO Matthew Katz
I had the chance to sit down with LA based CAMS CEO, Matthew Katz, who is now affiliated with European powerhouse bwin.party. Read my interview to find out what CAMS has to offer as well as other topics including the UIGEA and their affiliation with bwin.party.
JENNY: Tell our readers a little bit about CAMS (Central Account Management Systems). How did you get started and what sets you aside from others?
Vegas The Real Winner With Mayweather-Canelo Fight: Massive Handle
Las Vegas hotels and restaurants were filled and taxis were hard to find as the Mayweather-Canelo fight Saturday night proved one of Sin City’s biggest economic draws.
Many said they haven't seen buzz around an event like this since Tyson vs. Holyfield over 15 years ago, according to KTNV TV.
Boxing legend Bernard Hopkins told KTNV the line outside went around the corner of the building, "Not since fighting with Tyson have I seen this type of atmosphere."
Could Google Really Be Looking at Buying Bwin.Party: Shares Up Nearly 6 Percent
Shares in Bwin.party rose 5.6 percent Friday following rumors that search engine giant Google could acquire the struggling online gambling firm.
French Betting Company PMU Condemned for JFK Assassination Ad (Video)
French betting firm PMU has come under fire for poking fun at the assassination of former US President John F. Kennedy in a recent advertisement.
The ad in question features a 30-second clip of a cheering crowd awaiting the President’s motorcade.
New Jersey Casino Revenue Down Nearly 5 Percent
Atlantic City, NJ - (Associated Press) - Atlantic City’s casino revenue fell by nearly 5 percent in August, as gamblers won table games at a higher rate than usual.
The city’s 12 casinos took in $298.1 million, down 4.8 percent from August 2012.
Revenue from table games was $78.6 million, down 10.5 percent from a year ago. The state Division of Gaming Enforcement said the casinos fared worse at table games than they did a year ago.
Slot machine revenue was $219.5 million, down 2.6 percent.
Big Improvements Promised at Lock Poker: New VIP Program, More
Lock Poker operations head Eric Rizen has advised Gambling911.com that big news was upcoming for the 2nd most trafficked US-facing online poker room in the coming month.
Changes include an upgrade to the VIP program. Other details were not immediately released.
Last month, Lock released a brand new affiliate program and added new online casino games. They were also in the process of opening a new satellite office.
BitBM.com The First Full Service Sportsbook Offering Wagering in Bitcoins
BitBM.com is no longer the endorsed Bitcoin book of the Gambling911.com family now that the anonymous digital currency has begun to mature and gain more mainstream acceptance. That honor now belongs to BetPhoenix.ag.
North Korea to Host Paddy Power Dennis Rodman Invitational
Dennis Rodman and Paddy Power, one of the world’s largest quoted betting companies, today announced details of the “Paddy Power Dennis Rodman Invitational”, an international basketball event taking place in the North Korean capital Pyongyang in January 2014, with the official support and backing of the DPRK government and leader, Kim Jong-un.
