Business & Financial
Daily Fantasy Sports Land in Gambling Industry Crosshairs
(Reuters) Mike Petta played Internet poker until 2011, when most U.S. poker websites were shut down. Last year, the 31-year-old father of two quit his job as an accountant to play fantasy sports full time, spending thousands of dollars a night entering fantasy sports contests. Now, the gambling industry wants him back.
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Macau Gaming Revenue Drops 34.5 Percent in July
HONG KONG (Reuters) - Gaming revenue in Macau fell 34.5 percent in July from the previous year, hovering around five-year lows as wealthy Chinese punters stayed away from the world's biggest gambling hub.
The decline, however, was narrower than the 36 percent drop in June and in line with analysts estimates for a fall of around 34-35 percent.
Gambling revenue fell year-on-year to 18.6 billion patacas ($2.3 billion), according to data released by the Macau government on Monday. In June, revenues fell to 17.4 billion patacas.
Spring Owl Investor Jason Ader Wants More Than a Billion for Bwin.Party
Following news last week that GVC had stepped in to outbid 888 Holdings in the acquisition of Bwin.party by offering a billion dollars, Spring Owl investor Jason Ader reportedly says that figure is not good enough.
Ader, who serves on the board of Bwin.party, was influential in arranging the 888 Holdings deal.
But a billion dollars and change will most certainly raise some eyebrows.
The current 888 deal is worth 104.09p per share, and the revised GVC offer is 122.5p per share. Ader wants that to rise to 140p per share.
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Foxwoods May be Exploring Daily Fantasy Sports
(Gambling911.com Fantasy Sports Wire) - With the final hours of online registration for the highly anticipated and first ever Daily Fantasy Sports Expo in Miami Beach next week, Gambling911.com can confirm that Foxwoods Casino will be in attendance.
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Free Pay Per Head August Special
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‘Frankie The Flea’, ‘The Worm’ and Other BetEagle Agents Lead to Owner’s Sentencing
The owner of long established Costa Rica-based online and call center bookmaker BetEagle.com has been sentenced to 18 months behind bars by a U.S. District Court judge.
Ifrah, Brennan to Discuss Regulating DFS Sector as Nevada Prepares to Take Action
The American Gaming Association considers Daily Fantasy Sports gambling. As such they believe it should be licensed and regulated….by them of course.
David Payne Purdum of ESPN broke the news via Twitter Monday:
Nevada Gaming Control chairman AG Burnett has begun legal analysis of daily fantasy sports and welcomes communication from DFS operators.
CNBC: Growth of Daily Fantasy Sports Exploding
(Gambling911.com Fantasy Sports Wire) - Just how much is being spent now compared to past years?
According to the Fantasy Sports Trade Association, the spent person spent $95 annually on Fantasy Sports. In 2015 that number more than quadrupled to $465.
Adam Krejcik of Eiler’s Research will be speaking at the Daily Fantasy Sports Expo next week. Appearing on CNBC, he noted that neither of the top two Daily Fantasy Sports companies – Draftkings or FanDuel – have yet to turn a profit.
Scroll down below for more…
DraftKings, FanDuel to Reward Billions in Contest Prize Money in 2015
Leading Daily Fantasy Sports sites Draftkings and FanDuel are prepared to dole out billions in prize money this year.
The news comes as DraftKings announced it had secured another $300 million in funding on Monday.
Gambling Firm GVC Continues to Pursue Bwin.Party With $1.55 billion Bid
(Reuters) - Online gambling firm GVC Holdings Plc returned on Monday with a new 1-billion-pound ($1.55 billion) bid for rival Bwin.party Digital Entertainment, looking to gatecrash a recently accepted offer from 888.
Which Pay Per Head Websites Offer Blackjack?
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Bookies in Auburn Alabama, Columbus GA Area – Pay Per Head Services
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Sportsbook.ag Enters Daily Fantasy Sports Space
Sportsbook.ag, the largest North American facing online sportsbook in terms of volume of customers, has entered the Daily Fantasy Sports market.
Disaster Averted at Vegas Cosmo: Fake Palm Trees and Cabanas Were Fire Hazards
A massive fire on the rooftop pool deck of Las Vegas’ sprawling Cosmopolitan Hotel and Casino was only made worse by the fake palm trees and cabanas, fire officials ruled.
FastFantasy.com Review Added to DFS911.com: CEO to Speak at DFSE
FastFantasy.com is a soon-to-launch Daily Fantasy Sports site captained by long time friend of the Gambling911.com website, Joe Brennan, Jr.
Massive Fire at Cosmo Hotel on Las Vegas Strip Engulfs 14th Floor Pool Deck
Plumes of smoke billowed across the Las Vegas Strip Saturday afternoon as a fire raged on the 14th floor pool deck of the sprawling Cosmopolitan Hotel, also known as simply The Cosmo.
An unknown number of guests have been evacuated from the 3000-room resort. There were no immediate reports of any injuries while damage estimates are not yet known.
"Alarms started going off and it became really chaotic.," a hotel guest from Los Angeles told CNN, "It's pretty crazy over here. There are fire trucks everywhere."
The Ultimate Miami Hot Spots Guide for Daily Fantasy Sports Expo 2015
It’s our home stomping ground and nobody knows better the top hot spots for those attending the upcoming Daily Fantasy Sports Expo than Gambling911.com.
Affective and RevenueJet Affiliate Owners Indicted for Fraud
Two Israeli online gambling operators indicted for money laundering, fraud and identity theft ran two of the more lucrative affiliate programs tied to numerous online casino brands.
Disgraced Former Banker Will Now Head Up Ladbrokes Coral Business
With Ladbrokes primed to merge with Gala Coral in the coming weeks, the new firm’s CEO has already been selected and it is none other than disgraced one-time banker Andy Hornby.
Fanwars CEO to speak at the Daily Fantasy Sports Expo in Miami Beach
New York, NY--Ticonderoga Ventures, Inc. announces that Fanwars.com CEO will speak at the Daily Fantasy Sports Expo ( www.fantasysportsexpo.com ) on August 6-7, 2015 at the Miami Beach Convention Center.
Kevin De Vincenzi, CEO of Fanwars, will participate in several controversial panels during the 2 day event.
Las Vegas Sands Misses Forecast: CEO Adelson Says It Could Have Been Worse
LAS VEGAS — (Associated Press) - Las Vegas Sands Corp. on Wednesday reported second-quarter earnings of $469.2 million, a 30 percent drop compared to the same period a year ago.
Still, Las Vegas Sands CEO and Chairman Sheldon Adelson called the quarterly results a solid set of financials considering the challenges the company has faced in Macau where a government corruption crackdown has led to a significant downturn in gambling in the Asian enclave.
Live In-Play Betting Concept Coming to Daily Fantasy Via Boom Shakalaka
A start-up in the world of Daily Fantasy Sports with a cool sounding name, Boom Shakalaka, hopes to capitalize on a concept that now accounts for over half the amount of volume at some online sportsbooks.
China Feared Sheldon Adelson Casinos Used by CIA to Snare Officials
A report, uncovered by the Investigative Reporting Program at the University of California, Berkeley, suggests the CIA was using Macau casinos, including those owned by billionaire casino magnate Sheldon Adelson, to entrap Chinese officials who may have been gambling with public money.
Run a Daily Fantasy Sports Site in States Where it is Illegal: Tax Free to Boot
Gambling911.com would never encourage its readers to engage in illegal acts such as circumventing local state laws or avoid paying taxes. But what if we told you there is indeed a way to operate a Daily Fantasy Sports website in one of a handful of states where the activity is not permitted, all while paying zero money in taxes?
‘Dead Trigger 2: eSports Tournament’ Offers Gambling Element
Cashplay and Gamblified have teamed up to introduce zombie-laced “Dead Trigger 2: eSports Tournament”, allowing players globally to compete for real money prizes.
“Dead Trigger 2: eSports Tournament” has opponents attempting to survive and killing off as many zombies as possible.
Bwin.Party Bidding War Not Over as GVC Considers New Takeover Bid
(Reuters) - Online gambling firm GVC Holdings Plc (GVC.L) could make another attempt to buy peer Bwin.party Digital Entertainment (BPTY.L), just days after Bwin accepted a 900 million pound offer from 888 Holdings Plc (888.L).
GVC said on Tuesday it was considering its options regarding Bwin, but there was no certainty it would make a new offer.
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