Business & Financial
China Gambling Propels Wynn's 4Q Profit
LAS VEGAS (Associated Press) — Wynn Resorts Ltd. said Thursday that its fourth-quarter profit nearly doubled on gains in Macau, the only place in China where casino gambling is legal.
Net income for the October-December period came to $213.9 million, or $2.10 per share, from $111.4 million, or $1.10 per share, in the same months in 2012.
Excluding special items, Wynn made $2.27 per share. Analysts polled by FactSet expected $1.72 per share.
More Major Retailers Poised to Start Accepting Bitcoin in Wake of Overstock Success
On the heels of Overstock.com, the Sacramento Kings, two Las Vegas casino establishments and the popular online poker room Americas Cardroom each now embracing the anonymous digital currency bitcoin, other major retailers are about to follow suit.
Canada Using Super Bowl to Help Promote Legalizing Sports Betting
(Canadian Press) - Supporters of proposed federal legislation that would legalize single-event sports betting are using this weekend's Super Bowl XLVIII to pressure senators to give final approval to a private member's bill.
Caesars May Bid for Revel Casino
(Bloomberg) - Caesars Entertainment Corp. is considering making a bid for Revel Casino Hotel, the Atlantic City, New Jersey, property that went through bankruptcy last year, according to people with knowledge of the situation.
A bid from Caesars isn't certain, said the people, who asked not to be named because deliberations are private. Offers for the property, which opened in April 2012, are due in two weeks, and no negotiations are under way, they said.
Wynn Resorts Scheduled to Report Quarterly Results
Wynn Resorts (NASDAQ:WYNN) will announce its earnings results on Thursday, January 30th.
Shares of Wynn Resorts (NASDAQ: WYNN) opened at 197.15 on Wednesday. Wynn Resorts has a 52 week low of $113.39 and a 52 week high of $216.99. The stock’s 50-day moving average is $195.5 and its 200-day moving average is $163.. The company has a market cap of $19.850 billion and a P/E ratio of 31.05.
Super Bowl 48 Live In-Play Betting Comes Into Its Own This Year
Bookmaker, the oldest existing North American-facing online sportsbook established in 1986, developed what is arguably the best live wagering platform on the planet and they’ll be putting this to good use with Super Bowl 48 live in-play betting expected to yield record results. If you are reading this during the big game, be sure to join here now to take full advantage of the live betting experience.
Neteller customers Targeted in Phishing Scheme
Customers of the popular online wallet Neteller were targets of an apparent phishing scheme, it was revealed this week.
Numerous customers received emails over the weekend notifying them that their accounts would be closed if they did not provide pertinent personal details. Those emails turned out to be fake.
The email appeared as such:
Dear [e-mail address]
Hearing on Bitcoin Turns Into Discussion Regarding Shortcomings of Banks
A Tuesday hearing about the anonymous digital currency bitcoin turned into a forum on the shortcomings of the traditional banking system.
Bitcoin Exec Charged With $1 Mil in Money Laundering Out on $1 Mil Bail
Charlie Shrem, CEO of one of the largest bitcoin exchanges BitInstant, was released on $1 million bond Tuesday for his alleged role in money laundering tied to the notorious Silk Road website.
Satoshi Square Becomes Gathering Spot for Bitcoin Traders on Wall Street (Video)
Every Monday night, Bitcoin traders holds a meet up called Satoshi Square, named in honor of Satoshi Nakamoto, the mysterious creator of Bitcoin, in which participants exchange virtual currencies for U.S.dollars. Previously, these meetings took place in a Whole Foods market on the Lower East Side of Manhattan.
Bitcoin Price Crosses $1000 Threshold Again: Leading Exchange Exec Arrested
Bitcoin prices rose above the $1,000 (€731, £606)-mark once again Monday, peaking at $1,038 on Tokyo-based MT Gox bitcoin exchange. This essentially countered the negative effects of a sell-off in emerging markets.
New Bitcoin Sportsbook CoinBet Debuts in Times Square: Hot or Dangerous Trend in 2014
A new bitcoin-only sportsbook made its debut smack in the middle of Times Square this past week, advertising on the Reuters interactive billboard.
Coinbet.cc is one of the newest online gambling sites to enter the lucrative bitcoin Web gaming market. This appears as if it will become a pretty significant trend as we move forward into 2014.
But it could prove to be a dangerous one as well.
Delaware’s Foray Into Online Gambling Arena: Casinos Don’t Have a Clue
Three states entered the world of real money online gambling last year – Nevada, New Jersey and Delaware. Nevada was first, New Jersey has proven the most successful and tiny Delaware, well…..
Pennsylvania Explores Online Gambling, Keno
HARRISBURG — (Associated Press) - With top Pennsylvania state lawmakers and Gov. Tom Corbett seeking ways to plug a projected budget deficit, they are considering expanding lottery gambling and, possibly, legalizing online gambling.
The Senate Finance Committee will hear testimony Wednesday that focuses partly on adding keno to the Pennsylvania Lottery's game lineup.
Ezugi launches Uplay1’s Live Hybrid Black Jack: Allows Unlimited Players at Table
Ezugi, the innovative live dealer gaming system provider, today announced it shall be integrating a Hybrid Black Jack solution to allow unlimited players at a black jack table and increase operator’s revenues.
The agreement with Uplay1™, a gaming intellectual Property Company enables Ezugi’s clients to offer live Black Jack that was previously limited to 7 seats per table to be available to unlimited players with a mix of higher and lower bet minimums and enhanced gaming engagement.
Feds Say Paddy Power Rodman Sponsored North Korea Trip Violated Sanctions
The US Treasury Department contends that former NBA star Dennis Rodman’s recent visits to North Korea may have been in violation of sanctions against the so-called “Hermit Kingdom”.
Royalty Free Video, Music Downloads Set to Cripple Netflix: Antigua Fights Back
The tiny island nation of Antigua is set to launch its royalty free video and music site, Gambling911.com is learning. The move is in response to the US failure to abide by a World Trade Organization decision related to online gambling.
7Red.com Becomes Latest Online Casino With Live Dealers
7Red.com, which recently named former Heavy Weight Champion Mike Tyson as its brand ambassador, is the latest online casino to incorporate live dealers. And who knows? Maybe you’ll get to play along side Iron Mike.
PayNoRake.com Review is In and the Feedback Has Been Super Positive
The new management of the Chico Poker Network are thrilled to announce that, after their acquisition of the network almost a year ago, the feedback that they are receiving from affiliates and players alike is very positive, particularly with regards to their unique rakeback brand, PayNoRake.com, which is fast becoming the online poker room of choice for poker players and affiliates alike!
Cubeia Online Poker Network Latest to Incorporate Bitcoin
The latest online gambling company to begin accepting bitcoin transactions is Swedish-based Cubeia, an Internet poker network. They follow in the footsteps of Americas Cardroom, which announced two weeks ago they too have begun offering the anonymous digital currency as a payment alternative.
New Jersey Online Gambling: Steve Wynn Wants in and Getting Waiver
John Brennan of the Bergen Record is reporting that casino mogul Steve Wynn is about to get a waiver to enter the New Jersey online gambling marketplace. He was not among the original applicants.
Brennan writes:
Full Tilt Poker Claims Administrator Approves $82 Million in Funds to 30k Players
The claims administrator overseeing payment of Full Tilt Poker funds has approved release of $82m in funds to approx 30k players, the Poker Players Alliance reported late Wednesday.
The US Department of Justice placed the Garden City Group in charge of paying out those customers owed millions of dollars by Full Tilt Poker following a 2011 indictment. FTP exited the US market and failed to pay American players. They were eventually shut down several months later.
Daily Beast: Cantor Gaming CEO Lee Amaitis 'Bromance' With Billy Walters Lead to Probe
Following news last week that CG Technology, formerly Cantor Gaming, having settled with the Nevada Gaming Control Board for $5.5 million following an 18-page complaint lodged against that company, the Daily Beast speculated as to why CEO Lee Amaitis remains at the helm.
PokerStars, Bodog May Be Given Green Light by Feds to Accept US Customers
In a shocking new development, the website CalvinAyre.com is reporting that the US Department of Justice will begin to take on a new approach in dealing with those online gambling operators who once took bets from US citizens. The feds are reportedly now accepting corporate pleas and fines to resolve all outstanding charges.
Bitcoin Now Accepted at Two Vegas Casinos: The D Las Vegas and Golden Gate
The D Las Vegas and Golden Gate Hotel & Casino become the first properties in Sin City to begin accepting the alternative digital currency bitcoin.
Both establishments will start offering bitcoin transactions on Wednesday (January 22, 2014) for reservations, dining and gift purchases. Bitcoin will not immediately be offered in the casino itself for gambling purposes at either hotel.
The Golden Gate was recently upgraded. It is the oldest hotel in Las Vegas, having opened in 1906. The D Las Vegas is a much newer property.
Lesniak Introduces Bill That Will Permit New Jersey to Offer Interstate Online Gambling
New Jersey State Senator Raymond Lesniak (D-Union) has introduced a new bill that would further expand online gambling beyond the state’s borders.
Those establishments hosting their websites out of Atlantic City would be permitted to take bets from other states and countries permitting Web gambling. It is unclear how tax issues would be worked out should such compacts evolve.
Nordic Venture Capitalist Creates Biggest Bitcoin Exchange Database
A Nordic venture capitalists Creandum says it has build the world’s largest database of businesses dealing in the anonymous digital currency bitcoin.
From the Business Recorder:
Virgin Launches New Jersey Online Gambling Site This Week
Richard Branson wants a piece of the online gambling market in New Jersey as his Virgin Group is set to launch a real money site there this week.
VirginCasino.com is due to launch on Friday. It was one of 15 approved last fall to operate in the Garden State. Governor Chris Christie signed a bill into law allowing real money online gambling sites offering poker, roulette and blackjack.
The Virgin Group has teamed up with the Tropicana and online game maker Gamesys.
How to Deposit Money With Online Gambling Sites From Canada (2014)
With Skrill gone (effective January 31, 2014), sports bettors from the upper portion of North America are wondering how they can still deposit money with online gambling sites from Canada. Yes folks there are alternatives and who better to guide the way than your good friends here at Alberta-based Gambling911.com.
New Jersey WSOP.com Online Championships Start Sunday, Run Until Feb 2
WSOP.com is offering the New Jersey online championships, which features a special $250,000 Invitational Freeroll to kick it off. There are actually two $250,000 freerolls that will be held during the Online Championships, one on January 19 for new depositors and one on February 2 (Super Bowl Sunday) for anyone who played in at least one event.
