Business & Financial
BetDSI.com Begins Offering Bitcoin as Payment Option
BetDSI.com, one of the biggest and most established online sportsbooks, has officially opened Bitcoin as an option for all members just in time for the Super Bowl. As always, you can claim up to $2500 in free cash when joining BetDSI.com.
Defunct Revel Casino Gets Big Tax Break for 2015
ATLANTIC CITY, New Jersey — (Associated Press) - Revel has finally won something. The former Atlantic City casino is getting a big tax break this year under a settlement it reached with the city and will see its property tax assessment for 2015 be reduced from $625 million to $225 million.
Nitrogen Sports Bitcoin Book to Begin Accepting US Dollars
Nitrogen Sports is beginning to distinguish itself from one of those many fly-by-night “Bitcoin-only” books that have come and gone with the drop of a….well, the drop of the anonymous digital currency’s price. A great number of these so-called sportsbooks existed only to take advantage of the dramatic swings in Bitcoin's price, benefitting from upward mobility. Those days appear to be over.
Atlantic City Gets Another Downgrade
(Reuters) - Standard & Poor's Ratings Services cut Atlantic City's rating four notches to junk at 'BB' on Tuesday, the second Wall Street rating agency to issue a super-downgrade in the days before the city plans a $12 million note sale.
On Friday, Moody's Investors Service, which had already rated the city's debt non-investment grade, cut its rating on the financially distressed New Jersey gambling hub six notches deeper into junk.
Bitcoin Will Explode to Beyond $1 Trillion
The anonymous digital currency known as Bitcoin is set to explode beyond $1 trillion, so says those famous Winklevoss twins.
Tyler and Cameron Winklevoss, best known for their legal battle with Facebook founder Mark Zuckerberg, are both major investors in the crypto currency.
Steve Wynn Salary Cut Nearly in Half: Plane Privileges Reduced
Casino mogul Steve Wynn has had his salary cut nearly in half and his private plane privileges reduced drastically.
Paddy Power Funded FIFA Campaign in Jeopardy
LONDON — (Associated Press) - Even if David Ginola gains the nominations required by Thursday's deadline to stand against Sepp Blatter, his improbable bookmaker-funded campaign could be scuppered by FIFA's gambling rules.
Ginola's campaign is being organized by stunt-prone Irish bookmaker Paddy Power, which is paying the former France international 250,000 pounds ($375,000) to seek the FIFA presidency.
FantasyAces.com Review – Featuring Ground Breaking SalaryPro Flex Salary Cap
Gambling911.com has your FantasyAces.com review including the pros and cons and what differentiates FantasyAces.com from the rest of the Daily Fantasy Sports pack. You can visit their website here.
FanWars.com Review – Daily Fantasy Sports Sites – Affiliate Program Review
Gambling911.com has your FanWars.com review where we point out the pros and cons of this site, which is gaining popularity amongst Fantasy players. You can view their website here.
Fantasy Sports Site Maximum Fantasy Sports.com Offering Super Bowl Action
Gambling911.com intrepid reporter Thomas Somach reports that Daily Fantasy Sports site MaximumFantasySports.com will be offering Fantasy action on the Super Bowl. While contests are illegal, pools are not. Here’s Somach…
Gambling 911 recently reported how fantasy sports leagues won't be offering contests for the Super Bowl, because the Federal law that permits fantasy sports wagering stipulates it must be based on multiple games, and the Super Bowl is just one game, thus ineligible for fantasy.
Macau Outperforms World’s Other Cities Economically
WASHINGTON (Associated Press) — Macau, the Chinese territory known for casino gambling, outperformed the rest of the world's major cities economically last year, according to a report out Thursday.
Cities in the developing world, especially China, dominated the top of the annual economic rankings of 300 cities worldwide by the Brookings Institution and JPMorgan Chase. One exception: Bangkok, Thailand, came in last, its economy wrecked by political strife.
DraftKings 4th Quarter Revenue in 2014 Best Ever: From $2.5 Mil to $17 Mil
Daily Fantasy Sports second biggest site, DraftKings, reported a dramatic increase in revenues during the 2014 4th quarter. Revenues came in at just over $17 million compared to $2.5 million during the same period last year.
It gets even better.
Las Vegas Ticket Drive Shows NHL Team Viable: Daniel Negreanu Pushing Hard
Efforts to bring a National Hockey League (NHL) team to Las Vegas gained support in recent days following an “unofficial” ticket drive campaign that was met with great success.
The actual ticket drive to determine whether a hockey team in Sin City to be feasible is set to begin February 10 but potential owners Bill Foley and members of the Maloof family (owners of the Palms Casino) have already hosted two receptions over the past week to identify business and civic leaders placed in charge of making sure word gets out about the ticket drive.
VICTIV.com Review – Daily Fantasy Sports
Gambling911.com, a site you have trusted since 1999 to bring you the latest news pertaining to the gaming and Fantasy Sports sector, has its VICTIV.com review. This is one of the newest and cleanest of the Daily Fantasy Sports sites to emerge during the final months of 2014. VICTIV.com, developed by Ruckus Gaming LLC, is based out of the epicenter of creativity in the United States: Austin, Texas. The website can be found here.
FanDuel Revenues Hit $37 Mil in 4th Qtr, Up From $7.4 Mil the Same Period Last Year
The world’s largest Fantasy sports site, FanDuel.com, has seen its revenues reach $37 million for the 4th quarter ending 2014. That’s quite an increase from $7.4 million the same period last year.
New Credit Card Code for Online Gambling in New Jersey Should Reduce Decline Rate
A new credit card code is set to be introduced for online gambling in New Jersey come Springtime, thus helping to reduce decline rates.
Reports suggest that the approval rate for Visa cards has been around 73% on average for Visa with a dismal 44% for Mastercard. American Express does not allow transactions for online gambling at this time.
While online gambling is legal in New Jersey, many credit card issuing banks, including Wells Fargo, have refused to allow transactions for Web gambling due to federal legislation.
William Hill Shares Sent Spiraling After Bookies Loses Millions
A series of Premiere League favorites winning this past weekend has cost bookmakers - including the UK’s largest, William Hill – millions of dollars.
Super Bowl 2015 Not So Super For Fantasy Sports Leagues
According to the law, they can’t offer any Super Bowl action
The Super Bowl is annually the biggest betting day of the year for casino sportsbooks in Las Vegas.
More money will be wagered on that one game at the sportsbooks than any other sporting event of the year.
The Future of Daily Fantasy Sports: FanDuel Going Public, No More Overlays, More
Takeaways from last week’s Fantasy Sports Trade Association Winter Conference were summed up on PartTimePoker.com with a special emphasis on the future of Daily Fantasy Sports courtesy of Eilers Research.
Super Bowl 2015 Betting Early Action Results in Dramatic Line Movements
Carrie Stroup here with news regarding the Super Bowl 2015 early betting action, which has been brisk to say the least at Sportsbook.ag.
Paddy Power Pays Shampoo Spokes Model David Ginola to Run for FIFA President
The ever controversial Irish-based bookmaker Paddy Power is said to be paying David Ginola, a L’Oreal Shampoo spokes model, $380,000 to run for FIFA President.
Bitcoin is 10 Percent of Americas Cardroom’s Business Right Now Reveals CEO
Americas Cardroom CEO Phil Nagy tells Gambling911.com, the anonymous digital currency Bitcoin has thus far impressed at his online poker business.
“Bitcoin is doing good for us,” he told G911 this week. “It is 10 percent of our overall business right now.”
Pay Per Head for the NFL Conference Championships
Looking for a Pay Per Head for the NFL Conference Championships, look no further than PayPerHeadAgents.com for all your outsourcing needs.
Caesars Bankruptcy Filed Then Halted by Judge
Delaware/CHICAGO (Reuters) - The operating unit of Caesars Entertainment Corp, the largest U.S. casino company, filed for Chapter 11 bankruptcy in Chicago on Thursday to cut $10 billion of debt, but a Delaware judge intervened to halt the case before it got started.
The unusual legal standoff marked the start of a more public phase of complex and contentious debt negotiations. Until now, the company's attempts to cut interest payments after years of red ink have been kept mostly private.
Amaya, PokerStars Second Quarter Sportsbook Rollout Planned
Amaya Inc. ("Amaya" or the "Corporation") (TSX: AYA) on Thursday provided an update on its PokerStars online gaming consumer business and that Chairman and CEO David Baazov will make a speech at an investment conference in Toronto.
BUSINESS UPDATE
Successful completion of Casino Rollout
Atlantic City Loses Half Its Revenue Over Eight Years
ATLANTIC CITY, N.J. - (Associated Press) -- Atlantic City has lost nearly half its casino revenue over the past eight years as competition in nearby states cannibalized its market and drove four casinos out of business.
Figures released Wednesday by the New Jersey Division of Gaming Enforcement show the casinos took in $2.74 billion in 2014, or about what the industry brought in in 1988. That is down 48 percent from a high of $5.2 billion in 2006. The decline would have been greater without the $122 million that Internet gambling provided last year.
CFP Championship Game Attracts Record Betting for Some: Books Hit by OSU Win
The first ever CFP Championship Game between Ohio State and Oregon was a bonafide hit though it wasn’t exactly pretty for the books.
Colorado The Latest US State to Want Legalized Sports Betting: Success With Pot
Colorado’s biggest bookie made millions. His high profile bust has lawmakers insisting that sports betting in the state should be legalized.
And no state should know better the potential for industries on the fringe. Colorado, after all, has witnessed a massive windfall following its legalization of marijuana only a year ago.
Creditors Try to Block Caesars Restructuring
Jan 12 (Reuters) - A group of second-lien bondholders of casino operator Caesars Entertainment Corp filed a petition for involuntary Chapter 11 bankruptcy protection against the company's largest unit after it defaulted on interest payments.
Caesars Entertainment Operating Co Inc defaulted on $225 million of payments due on Dec. 15.
The petitioning group includes hedge funds Appaloosa Investment Limited Partnership I and OCM Opportunities Fund VI LP, according to the petition filed on Monday.
The payments were due on principal of $4.5 billion.
Fantasy Sports Leagues Embrace the NFL, But Shun College Football
Company Executives Tell Gambling911 Why That’s So And Why It’s Changing
When it comes to legal sports wagering at Las Vegas sportsbooks, more money is wagered on pro football than any other sport.
The NFL is No. 1 for the books and always has been.
The second most popular sport to bet on at the Vegas books is college football, not surprising considering the overall popularity nationally of the game of football.
So why hasn't this affection for NCAA football translated to fantasy sports the way NFL football has?
