Business & Financial
Borgata Cancels Winter Poker Open Event Due to Fake Chips
New Jersey state gaming regulators found that one or more entrants participating in a $2 Million Guaranteed Borgata Winter Poker Open event used a significant number of counterfeit chips.
The Borgata Winter Poker Open is among the most highly anticipated tournaments on US soil.
No charges have been filed in the case.
Meet Asia’s Second Richest Man: Lui Che-woo
Head of Macau casino operator Galaxy Entertainment, Lui Che-woo, remains Asia’s second richest man according to Bloomberg’s Billionaires Index. Only Hong Kong multi-billionaire Li Ka-shing, whose fortune stood at $29.5 billion, is richer.
Sacramento Kings, Overstock.com Begin Accepting Bitcoin
Americas Cardroom, the Sacramento Kings NBA franchise and Overstock.com all have begun to accept the anonymous digital currency bitcoin.
Pennsylvania Casino Industry Sees Decline
(Associated Press) - Gamblers at Pennsylvania casinos continued to hit the tables in a big way last year, but all those hands of blackjack and spins of the roulette wheel still weren't enough to prevent the industry from suffering its first overall revenue decline since casino play began in 2006.
London Affiliate Conference 2014 Registrations Massively Up (Video)
Alex Pratt of London Affiliate Conference (LAC) tells CalvinAyre.com the event is so far seeing record numbers over past years.
“We are seeing between 50 and 100 registrations per day,” he relayed.
The event, now celebrating its 8th year, will take place on February 7-9 (2014). Over 3000 people attended last year’s LAC with that number to be higher this year, based on Pratt’s estimates.
32Red.com Seeing Black With Record Profits Up 21 Percent in 2013
32Red.com, which has become one of the biggest online casino brands in the world, has reported an increase in revenues of 21 percent during the last 12 months (£38.8m in 2013 compared to £32.1m in 2012).
Borgata President Dismisses Early Online Gambling Results in New Jersey (Video)
Atlantic City casinos reported online revenue of $8.4 million this week for the first two months of legalized Web gambling in the Garden State.
With New Jersey forecasting revenue of $1.2 billion, many pundits found the early numbers disappointing.
Tom Ballance, Borgata president & COO, broke down the online gambling numbers and explained what obstacles online gaming has faced so far.
Irish Bookmaker Paddy Power Sent Baby Clothes, Whiskey to North Korea Dictator
Ireland’s biggest bookmaker, Paddy Power, reportedly sent North Korean dictator Kim Jong-un baby clothing and Irish whiskey last month.
Paddy Power financed former NBA player Dennis Rodman’s trip to the “Hermit Kingdom”. They have since severed ties with Rodman.
A company statement read: “Here’s what Paddy Power No.2 spokesperson Rory Scott brought to North Korea on his pre Christmas trip as recommended by our protocol advisor - an Irish whiskey set, a traditional baby dress and a handbag.
Ukrainian Network Nearly Took Control of Bitcoin Last Week
As Bitcoin, the alternative anonymous digital currency, becomes more widely accepted within the online gambling community (Americas Cardroom became the first major poker network to implement the option last week), operators remain skeptical….and perhaps with good reason.
Robert Gustafsson the Bodog Raid Instigator: Hungry Tigers, Smashed Penises, Oh My
The murky drama surrounding the November raids on Bodog Asia's Manila offices got a little clearer last week after CalvinAyre.com posted a copy of the affidavit that led to the raid. Turns out the affidavit was signed by former Bodog Asia CEO Robert Gustafsson.
British Bookies Lose $30 Million With Top 7 Premier League Club Wins
(Reuters) - Britain's bookmakers were left nursing losses totalling up to 30 million pounds ($49 million) on Tuesday after the top seven teams in English soccer's Premier League all won their latest round of matches.
Breaking News: Online Gambling in New Jersey Sees $8.4 Million Gambled
$8.4 million has been gambled online in New Jersey since the Garden State launched real money online gambling in late November, according to figures released Tuesday afternoon.
Borgata Hotel Casino & Spa far outpaced the other six Atlantic City properties in online gaming revenue, bringing in $3.7 million, nearly half of the total. Ceasars Interactive Entertainment, which operates online gambling through the Bally’s and Caesars properties in Atlantic City, came in next at $2.4 million.
Casino Magnate Sheldon Adelson Keeps Getting Richer: Adds $14.4 Bil to Net Worth
Sands of Las Vegas Chairperson Sheldon Adelson has just added $14.4 billion to his net worth. He was already among America’s richest billionaires.
He’s now the richest casino billionaire according to Forbes.
No.1 Sheldon Adelson, $39 billion
Law Firms, Lobbyists Score Big Payoffs With New Jersey Online Gambling
The New Jersey Division of Gaming Enforcement has disclosed that lawyers, lobbyists and other professional organizations have generated a $50.3 million payoff since mid-2009 pushing for legalized online gambling in the Garden State.
Cantor Gaming to Pay Largest Fine in Nevada State History
LAS VEGAS (Associated Press) - CG Technology, formerly Cantor Gaming, has agreed to pay Nevada gambling regulators $5.5 million to settle a complaint regarding illegal sports betting.
The settlement announced Monday will be the largest in state history.
NJ's Atlantic Club Casino Hotel Now Closed
ATLANTIC CITY, N.J. -- (Associated Press) - The embattled Atlantic Club Casino Hotel closed early Monday, a victim of the casino saturation taking place in the Northeast.
About 1,600 people lost their jobs at 12:01 a.m. as the 33-year-old casino shut its doors. Tearful employees embraced one another and exchanged goodbyes.
Former Boxer Mike Tyson Becomes the Face of Online Casino 7Red.com
The former boxer Mike Tyson has just been named “Brand Ambassador” for the online casino company 7Red.com.
Mike Tyson has personally signed 7Red boxing gloves, 7Red caps and 7Red T-shirts that can be won via 7Red.com daily raffles.
7Red.com, one of Europe’s biggest online casinos, utilizes the BetSoft platform and is owned by RedCorp SA.
Nevada Casinos Lose $1.3 Billion in 2013
CARSON CITY, Nev. (Associated Press) — Nevada’s largest casinos suffered a combined net loss of $1.35 billion in 2013, marking the fifth year of losses since the onset of the Great Recession.
The annual “Gaming Abstract” released Friday by the state Gaming Control Board looks at the total revenues of casinos that gross more than $1 million in gambling revenue.
While total revenues of $23 billion were up slightly from 2012, so were the losses.
Total revenue is the money spent by patrons on gambling, rooms, food, beverage and entertainment.
Devils, Sixers Boss Not Worried Over Online Poker Sponsorship
NEWARK, N.J. — (Associated Press) - The chief executive of the NHL's New Jersey Devils and NBA's Philadelphia 76ers doesn't believe the teams will be cast in a bad light by agreeing to a multiyear sponsorship deal with one of the world's leading online poker companies.
Scott O'Neil, who runs the teams and the Prudential Center for groups led by leverage buyout specialist Josh Harris, and Norbert Teufelberger, the chief executive of bwin.party digital entertainment that operates partypoker, announced the historic deal Thursday.
BetFred to Slash Employee Salaries in Half: Some Will Have to Sell Their Homes
At least they waited until after Christmas to play Scrooge but the powers-that-be at British bookmaker BetFred.com have announced employees will soon have to endure a 50 percent cut in their salaries.
Shares in William Hill, Ladbrokes Plunge Over Fixed-Odds Machine Vitriol
Shares in the UK’s two biggest betting firms, William Hill and Ladbrokes, dropped 7 percent and 9 percent, respectively, Thursday following Prime Minister David Cameron’s assertion that fixed-odds machines need to be curbed.
The machines have been dubbed the “crack cocaine of gambling” by campaigners.
Cameron said he "absolutely shares the concerns" raised over the “epidemic” of fixed-odds terminals.
Cantor Could Pay Over $2 Million in Damages Resulting From Colbert Indictment
Cantor Gaming, which changed its name to CG Technologies this week, has agreed to pay over $2 million under a tentative settlement reached over the weekend with the Nevada Gaming Control Board, according to the Wall Street Journal.
76ers, Devils Ink Online Gambling Sponsorship Deal
NEWARK, N.J. (Associated Press) — The Philadelphia 76ers of the NBA and the New Jersey Devils of the NHL have become the first major U.S.-based professional teams to sign a sponsorship deal with an online gambling company.
Gambling911.com World Exclusive: Americas Cardroom Now has Bitcoin Option
As first reported by Gambling911.com Monday, the biggest online poker room to date will begin offering bitcoin deposit and withdrawal options. Depositing via bitcoin will be available as of today (January 8, 2014). Withdrawal availability will follow shortly.
World Poker Tour Makes ‘Monster’ Mistake Says Caro: Fury Over Headphones
Legendary poker pro and strategy expert Mike Caro believes that the World Poker Tour may have just made a “Monster” mistake.
Maryland Live Casino Enjoys Huge Success in 2013
Maryland Live, the Old Line State’s largest casino, generated a whopping, according to the Maryland Lottery and Gaming Control Agency.
The casino began offering the table games last April.
Hedge Fund Billionaires Take Stake in Caesars Online Gambling: Take on Adelson
Three billionaires against one: George Soros, John Paulson and Leon Cooperman have reportedly taken a stake in Caesars Acquisition Co, the online gambling spinoff of the Vegas giant. ((Image credit: Steve Brodner)
Nevada Gaming Control Board Files 18-Page Complaint Against Cantor Gaming
The Nevada Gaming Control Board (NGC) has filed an 18-page complaint against Cantor Gaming following a lengthy investigation. A former director of the company was indicted by US law enforcement in late 2012 for his role in an illegal sports betting venture and pleaded guilty to one count of conspiracy this past summer. Read Complaint Here
Biggest Online Poker Room Yet to Begin Offering Bitcoin – G911 Exclusive
Gambling911.com has confirmed that one of the world’s largest online poker networks is set to begin offering the anonymous online currency bitcoin as early as this week.
This room will also convert bitcoins to cash on their end to minimize the risk factor for players, we have been advised. Until now, players have been relegated to online poker rooms that were either new to the seen or only offered bitcoin exclusively as a deposit or withdrawal method.
PartyPoker Borgata to Surpass Merge Poker Network by Mid January
Another sign of just how successful online poker in the state of New Jersey has become: PartyPoker Borgata is set to surpass Merge Gaming and the Chico Poker Network’s traffic in the US.
Both Merge and Chico operate offshore and accept customers from most US states. PartyPoker Borgata has a little ways to go before catching up to surging Winning Poker Network (home to Americas Cardroom) and top 10 traffic site Bodog Poker.
