Business & Financial
Full Tilt Poker Pros Could Recover From ‘Black Friday’ Losses
Claims Administrator, the Garden City Group, has announced that former pros of the online poker site Full Tilt Poker could qualify to receive payments due following that company’s abrupt April 2011 exit from the US market.
The company shut its doors soon after but was eventually resurrected by PokerStars, which entered into an agreement with US authorities to facilitate payment to players affected by the closure.
Men Claim Harrah’s Atlantic City Security Guards Brutally Beat Them
Attorneys for two Philadelphia men who allege they were beaten by security guards at Harrah’s Resort in Atlantic City, New Jersey are calling for state and federal prosecutors to investigate the separate incidents, both of which were profiled on ABC’s 20/20 news magazine last week.
Atlantic City’s Revel Casino to Close in September
ATLANTIC CITY – (Associated Press) - Atlantic City's newest casino is shutting its doors just over two years after opening amid high hopes of turning around the crumbling seaside resort's gambling market.
Revel Casino Hotel will shut down next month after failing to find a buyer in bankruptcy court, company officials announced Tuesday.
The company said the $2.4 billion casino will close its doors on Sept. 10. It has never turned a profit.
The closure will mean the loss of more than 3,100 jobs.
Caesars Posts Bigger Than Expected Second Quarter Loss
LAS VEGAS (Associated Press) - Caesars Entertainment Corp on Monday reported a wider loss in its second quarter.
The Las Vegas-based company posted a loss of $466.4 million, or $3.24 per share, compared with a loss of $212.2 million, or $1.69 per share, in the same quarter a year earlier.
Losses, adjusted for costs related to mergers and acquisitions and asset impairment costs, came to $2.31 per share.
Gamblers Sue Foxwoods for Over $3 Million Over Unpaid Winnings
NEW HAVEN, Connecticut — (Associated Press) - Three gamblers have filed a lawsuit against Foxwoods Resort Casino alleging the eastern Connecticut casino failed to pay them more than $1.1 million that they won in a table game in 2011 and didn't give them back a $1.6 million deposit they put down to cover any losses.
The Day of New London reports that the gamblers filed the lawsuit in federal court in New Haven July 31, seeking $3 million in damages. The plaintiffs are Chinese nationals Cheung Yin Sun of Las Vegas and Long Mei Fang and Zong Yang Li of Los Angeles.
Cincinnati Bookies: It’s All About The Bengals, Bearcats, Reds and Pete Rose
Local bookies thrive in Cincinnati, Ohio, and with good reason. Bengals fans tend to be hardcore bettors. But bookies also take their fair amount of action on the Reds and University of Cincinnati Bearcats as well.
Finding a local bookie is easy as pie in Cincinatti with its abundance of sports bars and pool halls. These include the likes of Local’s Sports Bar & Grill, Knockback Nats, Rhinehaus, Tap House Grill, Rock Bottom and the Brass Tap, just to name a few.
Popular pool halls include House of Billiards, Western Bowl and Princeton Bowl.
New Jetsmarter APP Lets Gamblers, Casino Execs Fly in Style for Cheap Fares
A new Florida-based company called JetSmarter has just the ticket for gamblers across the U.S. who like to take off for Las Vegas on a whim and travel in style: it has created an app so you can nab last-minute seats on private jets for stunningly low fares!
Cleveland Area Bookies Hope to Capitalize Off of Lebron, Johnny Manziel
With Lebron James back in town, Cleveland area bookies have been making some serious coin on the new demand for Cleveland Cavalier bets.
Cleveland has always been a hardcore sports town with the Browns and Indians but the Cavs simply haven’t attracted the type of interest that comes with having a bona fide star the likes of Lebron.
Chicago Illinois Area Bookies
Chicago area bookies can be found throughout the city and suburban areas. Sports bars and pool halls are especially popular with Chicago, Illinois bookies.
Chicago is a big sports town with home teams that include the NFL Bears, two Major League Baseball teams – the Cubs and White Sox, the NBA Bulls and a very good NHL team that won the Stanley Cup two years ago and played in the Stanley Cup Final this year but lost.
Oregon Bookies - Portland, Eugene, Corvalis: It’s All About GoDucks
Oregon bookies are everywhere with plenty of business throughout the state thanks to its high profile college football programs. Looking for a bookie in the state of Oregon? RealBookies may be able to set you up with a trusted local.
World Poker Tour® Strengthens Partnership With Global Poker Index
Los Angeles, CA - World Poker Tour® announced today that the Season XIII WPT® Player of the Year award will be powered by the Global Poker Index™. Also, for the first time ever, the Player of the Year race will include not only the WPT Main Tour, but WPT500, WPTDeepStacks, and WPT National and Regional Events as well.
Forex Betting: Euro Drops After ECB Hold Rates Remain Unchanged
(Reuters) - The euro weakened on Thursday, undermined by the European Central Bank's saying it would leave interest rates unchanged at record lows and that the fragile economic recovery will keep the loose policy in place for an extended period.
The ECB's decision was not unexpected by the market, and it heightened the contrast in monetary policy, with the euro zone moving toward easing and the United States moving toward tightening on an improving economic outlook.
The positive sentiment on the U.S. economy was helped by better-than-expected weekly U.S. jobless claims.
Revel Casino Bankruptcy Hearing Postponed Until Next Week
ATLANTIC CITY – (Associated Press) - The bankruptcy auction of the troubled Revel casino hotel, which had been scheduled for Thursday, has been postponed until next week.
Lawyers for the casino said in a court filing Wednesday night that they had received multiple bids for the casino by Monday's deadline and needed additional time to review them.
The auction was rescheduled for 9 a.m. next Thursday.
Atlantic City Mayor Don Guardian said last month that there were six potential buyers for the casino, but none of the potential bids have been outlined.
Bill to Legalize Online Poker in California is Dead in the Water for 2014
One of two bills introduced to legalize online poker in California has been pronounced dead for this year.
Democratic state Senator, Lou Correa of Santa Ana, a co-sponsor of the bill, said it needed to be shelved as there was not enough time left in the legislative session to get it for a vote.
Think the US Congress is bad taking off the entire month of August and a portion of September?
The California legislature not only takes off in August, they take off the rest of the year.
Las Vegas Sands Shares Fall Fast Wednesday on Macau Worries
Las Vegas Sands entered “oversold” territory Wednesday, according to Forbes.
California Broker Ordered by SEC to Pay Back $9 Mil Used for Gambling Debts
The Securities and Exchange Commission has ordered a California broker and investment adviser, John Thornes, to pay back approximately $9 million in fines (including $280,000 in interest) after it was determined he had stolen some $4.4 million from the trust of an 80-year-old client to pay off gambling debts.
Thornes also stole from a deceased man’s trust that was set up to fund college accounts, according to the SEC complaint.
Vacation homes, luxury cars and chartered private jets were also paid for with the stolen funds.
Seminole Hard Rock Joins Forces With PokerStars
The Seminole Hard Rock Casino in Hollywood, Florida has partnered with the largest online poker room PokerStars for its Seminole Hard Rock Poker Open Championship (SHRPOC) series.
PokerStars players now have the opportunity to buy into the SHRPOC Main Event via their online account.
The Hard Rock event runs from August 14 thru September 3 and features a $10 million guaranteed event and a $100,000 Super High Roller event.
The entire Seminole Hard Rock Poker Open Championship 2014 schedule appears below.
Trump Sues to Get Name Off of Atlantic City Casinos Including Taj Mahal
ATLANTIC CITY – (Associated Press) - Donald Trump is suing an Atlantic City, New Jersey, casino company, trying to force it to drop his name from its two gambling halls.
Trump tells The Associated Press he wants his name stripped from the Trump Plaza and the Trump Taj Mahal because their owner, Trump Entertainment Resorts, has failed to maintain them properly.
Trump says in a lawsuit filed Tuesday the poor condition of the casinos is hurting his personal brand.
Trump Entertainment Resorts has declined to comment.
SBOBet.com Center of Paul Phua World Cup Betting Probe: Not Guilty Pleas Entered
Poker pro Paul Phua and his son Darren appeared in a federal court on Tuesday to answer to charges they ran an illegal gambling business out of the $25k a night Caesars Palace villas via the popular Asian handicapping betting site SBOBet.com. Phua and six others are set to be arraigned on August 7. The father-son-tandem may be deported back to their native Malaysia. Both men pleaded not guilty on Tuesday.
MGM Shares Gaining Tuesday Following Big Earnings Win News
MGM shares rose as much as 2.5% on news that the gambling resort raked in more cash in Vegas thanks to higher occupancy rates, loftier room prices and a stronger percentage of gambling wins.
The company enjoyed a per-share profit of 21 cents during the second quarter of this year following a lagging start.
MGM also owns the Mirage, Luxor and Mandalay Bay. Occupancy rates in those establishments were up 96% the last quarter, while average room rates rose to $141 from $134.
Denver Bookies and BarBets App Now Available at Local Sports Bars
If you are a bookie in the Denver area, you’ll want to check out RiNo Beer Garden, Highland Tavern, Occidental and Whiskey Tango Fox Trot in 2024. It was just a decade ago that the BarBets app was introduced to patrons to place wagers on various sporting events. Back then, sports betting was not regulated in Colorado. Today it is.
Macau Casino Workers Want Bigger Piece of the Pie
(Reuters) - Disgruntled casino workers are becoming a costly thorn in Macau's side.
As the Chinese territory races to build eight new resorts in the next three years, labour strains look set to intensify: workers are demanding higher pay and threatening strikes at a time when operators face a labour shortage.
Las Vegas kingpins Sheldon Adelson at Las Vegas Sands Corp and Steve Wynn at Wynn Resorts Ltd together reported unexpected costs of $50 million last quarter for labour-related compensation at their Macau casinos.
Bitcoin Domain BTC.com Sells for $1.1 Million
Domain names can still fetch top dollars as witnessed this week with the $1.1 million spent by Josh Garza of Connecticut-based mining equipment firm GAWMiners to acquire BTC.com.
Garza told Cryptocoinsnews' (CCN) that he had some "huge things in the works" for the mining world and digital currencies.
"Investors that are looking at Bitcoin will see this acquisition as another sign that it is worth investing in Bitcoin and Bitcoin related companies," Fargo wrote.
The rare domain name was exclusively brokered by Domain Guardians.
Forex Trading Alerts: Events to Watch for This Week
For those trading in Forex, Kathy Lien, Managing Director of FX Strategy for BK Asset Management, has highlighted five potentially critical events to watch for in the coming days.
Canadian Police Refuse to Identify Paddy Power Hacker: 649,000 Accounts Breached
Ontario authorities this week stated they will not be releasing the name of an individual said to have hacked some 649,000 customer accounts at Paddy Power, the UK’s third largest bookmaker.
‘FIFA Makes Me Sick and Blatter Runs it Like a Dictator’ Claims Sports Broadcaster
Popular BBC sports broadcaster and a former footballer who holds the record for most goals scored by an English team in the World Cup, Gary Winston Lineker has blasted FIFA saying that the organization “makes me sick and (Sepp) Blatter runs it like a dictator”.
Betfair’s £80m Payout Error: Who Benefitted?
The world’s largest betting exchange, Betfair, has admitted to making a £80m payout mistake during the years 2011-2013. Punters saw none of it, however.
The company admitted on Sunday that they had paid out investors in this amount in violation of accounting rules.
Betfair essentially paid out more in dividends and share buybacks than it was legally permitted to.
Rhode Island, Providence Bookies Going Down in Latest Shakedown
Rhode Island is the latest state that is proving to be inhospitable to bookies.
On Friday, August 1, it was announced that a state grand jury had returned indictments in connection to an alleged sports betting ring operating in the northern part of the state.
Web Based Binary Platform vs. Download: Advantages and Disadvantages
When trading Binary Options should I use a downloadable platform or one that is web-based?
Any fears related to using a web-based binary platform can be diminished in these modern times, as Hillel Fuld of DailyForex.com notes, especially as it applies to the trend towards cloud computing.
Bally Technologies One of the Darlings of the NYSE Friday: Share Price Skyrockets
Bally Technologies Inc. was up $17.53 to $77.70 Friday and was one of the biggest movers on the New York Stock Exchange.
The gambling equipment maker is being bought by rival Scientific Games Corp. in a deal worth $5.1 billion, including debt.
Bally shareholders will get $83.30 a share, representing a 38% premium to the stock's closing price on Thursday.
Based in Las Vegas, Bally Technologies makes slot machines, video lottery systems, table games and other products.
