Business & Financial
James Packer Could Still Prove a Savior to Las Vegas
JAMES PACKER will be reviewing Las Vegas gaming revenue for the second time in five months, though he might be disturbed by what he sees.
Will PartyGaming Come Back to the US?
The news that PartyGaming had finally settled with the US Government quickly turned to talk of the company re-entering the US market. Approximately 80 percent of its customer base was from the Un
Stocks Rally Following PartyGaming Settlement Deal
Following news that PartyGaming had settled with the US Government to avoid future prosecution, the online gambling sector, which lost significant market share since late 2006, began to rally on Tu
Dikshit Gets Short End of the Stick
With news announced Tuesday that PartyGaming had entered into a settlement agreement with the US Government to avoid future prosecution, one cannot help but question if co-founder, Anurag Dikshit,
PartyGaming Will Avoid US Prosecution
Online gambling firm, PartyGaming, has clinched a deal with US authorities that would ensure it avoids prosecution according to the Guardian Newspaper on Tuesday.
Allen Stanford Expects to be Indicted in Two Weeks
International financier and Antigua's biggest banker, Allen Stanford, said in an interview Monday that he anticipates being indicted within the next two weeks. Stanford cried, denied and threaten
Facebook Helps Fuel the Texas Hold ‘Em Poker Craze
With over 200 million active users, if Facebook were a country, it would rank eighth in population just ahead of Japan, Russia and Nigeria. What better place to fuel the latest Texas Hold ‘Em P
Crown Casino Won’t be Taking Stake in Las Vegas Project
Australia's Crown Casino has denied media reports that it plans to take a stake in the troubled City Center development in Las Vegas.
Casino Stocks Up: Wynns, MGM Grand
While the news has been mostly bleak for the land-based casino sector, good news has come this week from Wall Street.
Wayne Root - God, Guns, Gambling and Rare Coins?
Nationally-known political leader, author and economic crusader, Wayne Allyn Root, the 2008 Libertarian Party Vice Presidential nominee, has been named National Spokesman and Chief Economic and Pol
UFC Bans Full Tilt Poker
The world's second largest online poker, Full Tilt Poker, has been banned by the UFC (Ultimate Fighting Championship).
Economic Stimulus Package in the Form of Bad Poker Luck
An Orlando resident received some much needed economic stimulus late Wednesday evening after cracking an $807,543 Bad Beat Jackpot at the online poker room A
Federal Lawsuit Filed to Legalize Sports Betting in New Jersey
It's a battle state lawmakers have been fighting for some time, and today a federal lawsuit was filed in hopes of legalizing sports betting in all 50 states.
Macau Kingpin Urges People to United Against Foreign Casino Capital
Macau billionaire and casino mogul, Stanley Ho, has urged people to "unite against foreign capital." It's unclear what motivated the comments, according to the Las Vegas Sun. But they c
Obama: No Stimulus Money For Vegas Casinos
A provision related to the federal stimulus bill makes it clear that Las Vegas casinos are not to receive any of the money.
Sport Betting Acquisition Gives Playtech a Strong Hand
By Roger Blitz, Leisure Industries Correspondent
The Financial Times UKPublished: March 20 2009
Betfair Banned: CEO Outraged
Following leakage of an Australian "Ban List", Betfair CEO Andrew Twaits expressed outraged with government officials. Twaits was unaware that his company's website had been blacklisted
Could Full Tilt Poker Buy a Vegas Casino?
Much of the talk over the past few years has related to a Las Vegas casino property such as MGM or Harrah's purchasing an already established online poker firm the likes of
World Series of Poker Sponsor Harrah's Cash Flow a Problem
Earlier in the week, Gambling911.com reported on how MGM was in serious financial peril. Now comes word that World Series of Poker sponsor, Harrah's, may not be able to fund its debt.
Vegas Looks to Compete With Online Gambling Sites: American Idol, Oscars
The state of Nevada has come to the realization that they are missing out on some of the biggest betting events of the year. While Las Vegas sportsbooks capitalize on the Super Bowl and the curre
Wayne Root: Obama Insults Small Business Owners
2008 Libertarian Vice Presidential candidate and one time sports service consultant, Wayne Allyn Root, is a small business owner.
MGM Casinos To Go Bankrupt?
Despite winning a two month reprieve to restructure debts, auditors raised 'substantial doubt' in whether MGM Mirage could continue operations.
Online Gambling Empire of Gibraltar in Hot Seat Over Bernie Madoff
It's home to some of the biggest online gambling companies in the world, including PartyGaming. Now Gibraltar is being reviewed for its apparent connection to swindler Bernie Madoff.
2009 March Madness Will Test Vegas Economy, Online Websites
While online sports betting seems to be up over last year, the Las Vegas economy has been hard hit. Vegas like many event-oriented cities is counting on the 2009 March Madness to help give a much
Switzerland and Other Tax Havens Under Intense Scrutiny
(Reuters) - Switzerland, Austria and Luxembourg all sought ways on Friday to fend off a global crackdown on tax evasion by making concessions on bank secrecy.
James Packer Scraps Cannery Casino Resorts Crown Casino Deal
Australian billionaire James Packer has a $1.75 billion takeover of Cannery Casino Resorts LLC and sold his Australian cattle ranches to Guy Hands U.K. buyout company, Terra Firma Capital Partners Ltd. Packer's Crown Casino enterprise, Australia's biggest, rose 13.5 percent on the news. Had the deal gone through, Packer would have obtained three Nevada casinos and a racetrack near Pittsburgh.
The 41 year old Packer's fortune shrank to half this past year according to Forbes Magazine. Crown lost 56 percent of its value and the Las Vegas casinos are not faring that much better.
2009 March Madness Office Pools For Fools
Unless you happen to be the secretary who knows nothing about college basketball, don't expect to win your 2009 March Madness office pool. You know the drill, Janet chooses her brackets based on
Gambling News: PartyGaming Bosses Screwed, Sportingbet Numbers In
An article appearing in the London Telegraph reports that, being a PartyGaming top dog doesn't exactly have its rewards...especially after you've been shown the door. Party lost two of its chiefs
