Business & Financial
Betting Market Report: Cloud9 v Team Dignitas Odds Swing 72 Percent
The average market share swing for Cloud9 v Team Dignitas in eSports was coming in at 72 percent for this Sunday February 27 matchup according to Oddschecker monitoring.
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Bet365 opened Cloud9 at 1-4 odds with the shortest current odds reported at 2/9 at both 888 and Skybet.
Bilzerian, Perkins Up Ante on 48 Hour LA to Vegas Bike Trip Bet: Now $1.2 Mil
On February 17 hedge fund manager Bill Perkins entered into a $600,000 wager with Instagram King and poker playboy Dan Bilzerian that he would be unable to bike from Los Angeles, California to Las Vegas, Nevada in under 48 hours.
Perkins initially made this tweet:
Just bet @DanBilzerian he can't bike from his house to the past Vegas sign in 48 hrs her has until March 31st to start
Bilzerian responded with a tweet of his own, saying that the distance was 278 miles and that he hasn't been on a bike in 18 years.
William Hill Announces 200 Million Share Buyback: Revenues Fall 22 Percent
British bookmaker William Hill Plc (WMH.L) announced a 200 million pound ($279.5 million) share buyback while hiking its full-year dividend.
The company said it intended to pay about half of its adjusted earnings in dividends to shareholders going forward, from about 40 percent earlier.
Pay Per Head Businesses and the Oscars
PremierPerHead.com is among the few Pay Per Head businesses that will be offering wagering on this year’s Oscars.
“For many offshore books the Academy Awards is often described as a mini Super Bowl in terms of betting,” notes Jordan Bach, Entertainment Reporter for the Gambling911.com website. “While the options offered tend to be slim, there is never a lack of interest on this major nonsporting wagering event.”
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Churchill Downs Inc. Net Revenue Climbs 40 Percent
Churchill Downs Inc., owner of Churchill Downs in Louisville, Ky., home of the Kentucky Derby, reported net income of net income of $65.2 million in 2015, up 40.5 percent compared with net revenue of $46.4 million in 2014, according to financial statements released late on Wednesday.
Total revenue during the year was $1.212 billion, thus breaking a company record.
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Virginia Poised to Allow Daily Fantasy Sports
DraftKings and FanDuel could soon find a home in Virginia with that state’s lawmakers looking favorably at the new Daily Fantasy Sports sector.
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“Fantasy sports have become very popular in my district and across the commonwealth,” said Senator Ryan McDougle. “Over a million individuals play fantasy sports now just in Virginia.”
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PokerStars Former Owners Won’t Release $300 Million in Escrow Monies
Amaya’s fight against a potential $870m payout to the Commonwealth of Kentucky has taken another turn after PokerStars former owner, the Rational Group, refused to allow $300m held in escrow to be retained against the potential fine. The Rational Group was founded by Israeli-Canadian Isai Scheinberg.
Borgata Finds New Online Poker Partner in GAN
Atlantic City’s Borgata Casino has ended its relationship with Bwin.party and joined forces with UK-based GAN, formerly known as GameAccount Network. Through GAN, Borgata will continue to offer online poker and casino games to residents and visitors of New Jersey.
Since its inception, the Borgata online poker site has ranked as the biggest revenue generator in the state.
Mobile Gambling Could Make Men Infertile
Mobile gambling can cause a man to become infertile according to a new study.
It’s not the gambling per se, but the mobile aspect.
But this recent study is enough to send a chill through most men’s vein… but more so their ***sacks.
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Sands China Profit Falls Dramatic 43 Percent
Bad news for Sands China as the casino giant run by Sheldon Adelson witnessed a net profit drop of 43 percent in 2015, much of this due to a market meltdown in the Macau gaming industry.
Sheldon Adelson Could be Questioned for Up to 49 Hours in Wrongful Firing Suit
LAS VEGAS — (Associated Press) - A judge said Thursday that billionaire casino magnate and Las Vegas newspaper owner Sheldon Adelson can be questioned for up to 49 hours beginning next week by lawyers for a former Macau casino executive who claims he was wrongly fired in 2010.
Pay Per Head for NASCAR Racing Season
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Vivid Entertainment CEO: ‘Fantasy Sports and Naked Women Have Lots in Common’
The largest adult entertainment company in the world, Vivid Entertainment, is set to join the DraftDay Daily Fantasy Sports platform in an effort to further diversify.
Vivid’s dipping their toes into the DFS sector is nothing new as they are coming off a stint with software provider MGT.
What is Redundancy in Pay Per Head?
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West Virginia Senate Okays Daily Fantasy Sports: Now Moves to House
CHARLESTON, W.Va. (Associated Press) — West Virginia senators have cleared a bill deeming daily fantasy sports legal.
The bill addressing businesses like DraftKings and FanDuel passed the Senate on an 18-16 vote Thursday. It moves to the House.
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Pay Per Head Offering Champions League Betting
PayPerHeadAgents.com is just one of a handful of Pay Per Head companies offering Champions League betting.
“It is lucrative business,” commented Gambling911.Com Business Reporter Aaron Goldstein. “But many of the transplanted bookmakers that have since gone on to open Pay Per Head companies offshore do not know a thing about European Soccer.”
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‘Mob Controlled’ Dollaro Online Poker Firm Out of Italian Authority’s Control
Despite raids that commenced last month, the online poker network Dollaro continues to operate in Italy.
Italian regulator AAMS says there is little it can do to stop the site from continuing to offer its services.
Authorities there claim the company has ties to Italy’s Mafia.
“The illegal business leaders were captured, but the site is still functioning and accessible: I do not know why but it is a matter beyond our control and that can be repeated,” said head of remote gaming at AAMS Francesco Rodano.
Price Per Head for NBA Second Half of Season 2016
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Nevada Gaming Commissioner Member Resigns After News of Federal Probe
Michonne Ascuaga has resigned from the Nevada Gaming Commission, according to Gov. Brian Sandoval's office.
The governor accepted her resignation, a statement from his office read as follows:
