Business & Financial
‘I’m Not a Sore Loser’ Says Man Suing Casino That Let Him Lose $500k Drunk (Video)
"Just picture a drunk walking the street and he's drunk, and someone pickpockets and takes his money from him. That's how I characterize it," Mark A. Johnston said in an interview with CNN. "I feel like it's the days of old Vegas, the way they've been extorting me with letters and attorneys."
Paddy Power Stops Pistorius Bet: 1000 Wagers Taken, Over 5000 Complaints
Irish bookmaker Paddy Power has finally caved in and ceased taking wagers on the Oscar Pistorius murder trial in South Africa. Pistorius shot his wife dead last year, mistaking her for an intruder. The paraplegic runner insists the shooting was an accident.
Some Payment Processors to Block Unlicensed Online Gambling Sites in UK
Some of the UK-based payment processors have agreed to block money transactions to and from unlicensed online gambling sites.
Ultimate Gaming Joins Forces With Peppermill Resort Spa Casino
LAS VEGAS - Ultimate Gaming, America’s first regulated online gaming operator, and Peppermill Resort Spa Casino, Reno’s premier AAA Four-Diamond resort, have agreed to terms in a joint marketing partnership.
5000 Plus Complaints Lodged Against Paddy Power Pistorius Bet Ad
As Gambling911.com reported yesterday, Irish bookmaker Paddy Power was forced to remove an ad promoting wagering on the Oscar Pistorius murder trial following some 5000 complaints filed with the Advertising Standards Authority.
Bitcoin Exchange Executive Found Dead: No Foul Play According to Police
SINGAPORE (Associated Press) — The CEO of a virtual currency exchange was found dead near her home in Singapore.
A police spokesman said Thursday that initial investigations indicated there was no suspicion of "foul play" in the Feb. 26 death, meaning officers do not suspect murder.
The spokesman said police found 28-year-old Autumn Radtke, an American, lying motionless near the apartment tower where she lived.
Police have so far classified the death as "unnatural," which can mean an accident, misadventure, or suicide.
Paddy Power in Hot Water With ASA Over Pistorius Advertisement
“It’s Oscar Time” – such read an advert from the controversial Ireland-based bookmaker PaddyPower.com.
Oh yes, punters love to bet on the Oscars, and they did in droves this past Sunday.
There’s just one small problem. Paddy Power’s ad had nothing to do with the Academy Awards, although it certainly looked to capitalize on them.
Phil Hellmuth Squares Off Against Global Poker Index Head Alexandre Dreyfus
Poker pro Phil Hellmuth and Global Poker Index (GPI) head man Alexandre Dreyfus duked it out last night while attending the LA Poker Classic.
It was all in good fun.
Two weeks ago, Hellmuth criticized the GPI for not being “egalitarian” enough.
Zynga Hits One-Year High: Surges 8 Percent on Poker News
Social gaming company Zynga saw its shares rise 8% Tuesday on news that it planned to enter the real money online gambling market in jurisdictions where the activity is legal.
CEO Don Mattrick spoke at a Morgan Stanley conference regarding his company’s mobile plans and expansion into more real money gambling markets.
The stock closed up 8.02% to $5.66, up 42 cents from its previous close of $5.24. It amassed a volume of 56,531,323, more than double its average of 27,192,600. It hit a low of $5.43 for the day and holds a one-year low of $2.50.
Equity Poker Network Acquires Action Poker
San Jose, Costa Rica - EquityPokerNetwork.com (“EPN”) announced today that it has acquired the long established Action Poker brand. The Network is positioning ActionPoker.com (“Action Poker”) as the European sister brand to the recreational poker site FullFlushPoker.com, which has quickly grown in popularity and player numbers since it’s real-money gaming launch in November last year.
Outrage Over Paddy Power Oscar Pistorius Murder Trial Betting Intensifies
The public – and presumably a chunk of Paddy Power’s customer base – have taken to Twitter to lambaste the Irish bookmaker for continuing to take bets on the outcome of South African paraplegic runner Oscar Pistorius’ murder trial.
Florida House Bill Would Not Permit Major Casinos in South Florida
TALLAHASSEE, Fla. — (Associated Press) - The Florida House is saying no to bringing major casinos to South Florida.
Japan Finance Minister Gathering Facts on Bitcoin Exchange Mt.Gox
(Reuters) - Japanese Finance Minister Taro Aso said on Tuesday that the government is still trying to figure out what has led to the collapse of the Tokyo-based bitcoin exchange Mt. Gox and is not sure whether crime is involved.
"We still have not had a clear grasp of the situation," Aso said in response to a reporter's question after a cabinet meeting. "(We) don't know if it was a crime or just a bankruptcy."
Bitcoin Businesses Subpoenaed by US Attorney Preet Bharara
(Reuters) - Manhattan U.S. Attorney Preet Bharara has sent subpoenas to Mt. Gox, other bitcoin exchanges, and businesses that deal in bitcoin to seek information on how they handled recent cyber attacks, a source familiar with the probe said on Wednesday.
In the attacks - known as distributed denial of service attacks - hackers overwhelmed bitcoin exchanges by sending thousands of phantom transactions. At least three exchanges were forced to halt withdrawals of bitcoins on February 7, including Mt. Gox, which was the largest at the time.
Paddy Power Defends Taking Bets on Oscar Pistorius Murder Trial: Angry Tweets
Controversial Irish bookmaker Paddy Power has defended its decision to offer betting on the outcome of Oscar Pistorius’ murder trial.
Pistorius, a paraplegic runner, claims he shot into a locked bathroom believing an intruder had entered the residence he shared with Steenkamp. Instead he fatally wounded his girlfriend.
Yahoo Sports Teams Up With Quicken Loans for ‘Billion Dollar Bracket Challenge’
Detroit-based Quicken Loans, the nation's third largest mortgage lender, today announced it has teamed with Yahoo Sports as the technology provider for the now named 'Quicken Loans Billion Dollar Bracket Challenge with Yahoo Sports' contest. Yahoo Sports designed the online bracket experience and will host the exclusive destination (www.quickenloansbracket.com) for the challenge as college basketball fans take their shot at becoming America's next billionaire.
What is a Good Pay Per Head for College Basketball?
With March Madness just around the corner, you might be asking yourself What is a good Pay Per Head business to handle your players for College Basketball?
Real Bookies has just joined the Gambling911.com family and we are thrilled to have them on board.
So what can Real Bookie offer your players?
Here is just a sampling:
Hard Rock Could Purchase Revel Casino in New Jersey
ATLANTIC CITY, N.J. (Associated Press) - The Seminole Indian tribe of Florida, through its Hard Rock franchise, has indicated a renewed interest in the Atlantic City casino market.
Hard Rock, the global casino and entertainment company, asked New Jersey gambling regulators for a ruling on whether the tribe would need to qualify for a casino license should the company acquire or build one here.
Hard Rock has been rumored for months to be interested in the struggling Revel Casino Hotel, whose owners are considering selling it.
Macau Revenue Surges 40 Percent in February
(Reuters) - China's gambling hub Macau raked in 38 billion patacas ($4.8 billion) in gaming revenues in February, boosted by strong spending from wealthy punters during and after a week-long national holiday.
Gambling revenue growth in Macau, a special administrative region that is the only place in China where casinos are allowed, was up 40 percent in February, far ahead of analyst estimates of between 29-35 percent.
Neteller Returns to the US: Shares Surge Nearly 3 Percent
Online payment solutions company Neteller announced Monday that it will be relaunching services in the US.
The company was forced to flee the US market in January 2007 after two of its founders were charged with violating anti-gambling laws. The Unlawful Internet Gambling Enforcement Act was passed just two months prior to the highly publicized arrests, with Gambling911.com breaking that news story.
Sands Employees Angry at Adelson Over Breach: ‘He Should Just Shut Up’
Employees of the Sands Casino Resort in Bethlehem, Pa., are outraged and angry that their personal information has been put at risk apparently because of their boss's outspoken political statements.
Mt.Gox Bitcoin Exchange Files for Bankruptcy
(Reuters) - Mt. Gox, once the world's biggest bitcoin exchange, filed for bankruptcy protection in Japan on Friday, saying it may have lost nearly half a billion dollars worth of the virtual coins due to hacking into its faulty computer system.
The collapse caps a tumultuous few weeks in which the company has remained virtually silent after halting trades of the crypto-currency, shaking the nascent but burgeoning bitcoin community.
Nevada Gaming Revenues Down in January
CARSON CITY, Nev. (Associated Press) — State officials say Nevada gambling revenue dropped almost three percent in January compared with the same time a year ago.
The Nevada Gaming Control Board released a report Friday on the $884 million in revenue that rolled in last month.
Las Vegas Strip winnings of just under half a billion dollars were down a little more than 1 percent last month. Downtown Las Vegas winnings of $43 million were down 3 percent.
Sands Casino Bethlehem CEO Resigns Following Hacking
The CEO of Sands Casino Resort Bethlehem has resigned following a hacking that took down all Sands Las Vegas websites for nearly a week.
Robert DeSalvio, the President and CEO of the Sands establishment, is stepping down. It was revealed last week that the hacking had gone through Bethlehem, Pennsylvania. DeSalvio has insisted that his decision is unrelated to the hacking.
Infiniti Poker, The Bitcoin Room That Never Was, Vanishes
The wait is over…..really over.
NJ Authorizes Multi-State Slot Jackpots That Will Boost Winnings
ATLANTIC CITY (Associated Press) — New Jersey casino regulators approved a multi-state slots system designed to result in larger jackpots.
The state’s Division of Gaming Enforcement said Wednesday it has authorized a wide-area progressive slots jackpot system involving New Jersey and other jurisdictions, although other participants were not immediately announced.
The goal is to create larger jackpots that will be more appealing to players — some of whom will come to Atlantic City’s casinos for a crack at them.
William Hill Warns That Greyhounds and Horses May Need to be Slaughtered
Ralph Topping, the boss of William Hill, Britain’s largest bookmaker, warned that a UK curb on gambling will likely result in the mass killing of defenseless greyhounds and horses.
Dire Warning for Ladbrokes Head: ‘Better Capitalize on World Cup or Else’
Embattled Ladbrokes CEO Richard Glynn faces the axe this coming August if he can’t turn things around at the UK’s second largest bookmaking firm.
Bwin.Party Execs Get 550 Per Cent of Annual Salary: Founders Decline Offer
Bwin.Party shareholders on Monday voted a new pay scheme whereby top executives would receive up to 550 per cent of their annual salary. 70 per cent of voters approved the new deal, however, another 30 per cent objected.
Of those 30 per cent, it was telling that founders Ruth Parasol and her former husband Russell DeLeon were among them.
Bitcoin Shocker as One-Time Largest Exchange Closes Its Doors
In yet another blow to the anonymous digital currency bitcoin, the largest exchange has shut its doors.
Mt.Gox posted an update to its site Tuesday saying a "decision was taken to close all transactions for the time being," citing "recent news reports and the potential repercussions on MtGox's operations.
