Business & Financial
Icahn Claims State Senator is ‘Selling Out Atlantic City’
ATLANTIC CITY - Carl Icahn accused New Jersey's Senate president of "selling out" Atlantic City by considering casinos near New York City, while the legislative leader said the state would not give the billionaire investor the tax breaks he is seeking.
Icahn responded Friday to stinging criticism by Stephen Sweeney (D., Gloucester) and others about Icahn's role in a proposed bailout of the struggling Trump Taj Mahal Casino Resort. Icahn said he would give the casino $100 million, but only in return for union givebacks and tax credits.
NBC Sports Builds Stronghold in Fantasy Sports Market With RotoGrinders Deal
NBC Sports is making serious inroads into the world of fantasy sports, this week announcing a partnership with Rotogrinders, the leader in fantasy content and website tools.
Game Makers Look to Attract Kids With Cool Gambling Options Like Futuristic Slots
LAS VEGAS — (Associated Press) - With the gambling industry anxious to attract younger players, some slot machine makers are looking to challenge the generation raised on video games.
Kay Wants Resolution in Bodog Case But Intends to Extradite If Necessary
On Tuesday, Van Smith of the Baltimore City Paper revealed a letter sent by assistant U.S. Attorney Richard Kay to the judge presiding over the case against four Bodog principals including founder Calvin Ayre, each of whom were indicted for illegal gambling and money laundering.
Wynn Land Owner and Convicted Felon Pleads Not Guilty to Wire Fraud
BOSTON — (Associated Press) - An owner of the land that Wynn Resorts is planning to develop into a $1.6 billion casino has pleaded not guilty to federal wire fraud charges in connection with the land deal.
Charles Lightbody, of Revere, is set to be released Tuesday on an unsecured $50,000 bond that comes due if he violates the terms of his release. The terms include remaining in Massachusetts, adhering to a 7 p.m. curfew, not drinking alcohol excessively and wearing a monitoring bracelet.
Early FanDuel Investor: ‘Fantasy Sports is Finally Mainstream, Massive’
Paul Martino is Managing Director of Palo Alto-based venture capital firm Bullpen Capital and, these days, he is most excited about his early investment in FanDuel.com, a provider of daily fantasy competitions that continues to attract considerable cash infusions, most recently a $70 million windfall from Shamrock Capital Advisors.
Vaccaro: ‘House has Won Every Week in NFL So Far’
LAS VEGAS – (Associated Press) - Jimmy Vaccaro thought he would offer bettors a little fun — and a long-shot chance at some real cash — when he put up a proposition this week at 25-1 odds on the Jacksonville Jaguars going winless this season.
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Fantasy Sports, Live In-Play Wagering Helping to Boost Sports Betting
Fantasy Sports was a hot topic at this week’s Global Gaming Expo with daily leagues helping to fuel sports betting.
Joe Asher, CEO of William Hill, which operates sportsbooks in Las Vegas told those in attendance that “the business is very, very healthy”.
Hard Rock Hotel and Casino Coming to Atlantic City?
The parent company of the famed Hard Rock Hotel and Casino is poised to enter the Atlantic City casino market.
The Hard Rock parent company, Toronto-based Brookfield US Holdings LLC, won a bankruptcy court auction for the failed Revel in Atlantic City on Wednesday and plans to re-open it as a casino.
PokerStars Lanza Nuevos Juegos de Casino en Línea En España
Los residentes de España tienen la oportunidad de probar los primeros juegos de casino en línea en su país que se han dado a conocer por la comunidad mas grande de poker en la web, PokerStars.com.
La compañia, con sede central en La Isla de Man, ha lanzado los juegos de casino en línea por primera vez en España y por primera vez en su historia.
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PokerStars Launches Casino Games for First Time Ever
ONCHAN, Isle of Man – PokerStars today launched casino games in Spain on the brand’s marketing leading gaming site www.PokerStars.ES, marking the first time PokerStars has offered games other than poker on its platform.
The addition of casino games to PokerStars will allow Spanish players to enjoy the thrill and excitement of casino games, with the fairness, trust, integrity, world-class customer support and product innovation that distinguishes PokerStars in the online gaming industry.
Revel Casino Auction Ongoing Tuesday
ATLANTIC CITY (Associated Press) - A bankruptcy court auction for Revel, the failed luxury casino-hotel on the Atlantic City Boardwalk, is scheduled to resume.
An auction that began last Wednesday was suspended due to the approach of the Rosh Hashanah holiday. It will continue on Tuesday.
Revel has refused to reveal details of what has transpired so far.
ESPN Gambling Reporter Dave Tuley Talks Network’s Decision to Cover Sports Betting
If you've noticed an increased emphasis on sports gambling on ESPN this football season--both on television and on its website--you're not imagining things.
Fantasy Sports Biz FanDuel.com Becomes the Biggest Tech Startup in UK
Guess which Edinburgh company is now the largest UK startup tech firm. Would you believe it’s none other than Fantasy Football behemoth FanDuel.com?
Gambling Industry Paid Out $38 Billion for Taxes in 2013
LAS VEGAS (Associated Press) — The gambling industry nationwide paid out a jackpot-worthy $38 billion in federal, state and local taxes in 2013, according to a report from the American Gaming Association.
It's the first time the group has added tribal casinos, casino-game makers and some online gambling into the mix for its annual study of the industry's impact in the U.S. The Associated Press obtained a copy of the report's tax revenue figures before its release Tuesday.
Bookies Get Hammered Again With Green Bay Huge Win
By far, the Green Bay Packers were the most wagered on NFL team of the day in Week 4. Their huge 38-17 victory over Chicago was also a victory for sports bettors. The bookies obviously got clobbered.
And it didn’t end there for the sportsbooks.
They were also hurt by other public favorites coming through: The Colts and Lions particularly.
Sportsbooks, Pay Per Heads See Few Disruptions With Telecommunications Overhaul
Sportsbook operators and Pay Per Head businesses breathed a collective sigh of relief Sunday morning following the conclusion of work on Costa Rica’s MAYA-1 submarine cable this weekend, one of three that provide cable service to the Central American nation. More than 85% of online sportsbooks and nearly 100% of Pay Per Heads serving the North American player base are headquartered in Costa Rica.
Who the Bookies Are Rooting For on Sunday Week 4: More Free Picks
The bookies will be cheering on Chicago big time Sunday with close to 75% of the backing on Green Bay.
Fortune Five Biggest Organized Crime Families in the World Revealed
The Fortune Five largest organized crime families have been revealed and, while cyber crime is all over the news these days, these organizations still practice the tried and true trades of sex, drugs, gambling and extortion.
From Fortune.com:
Casino Mogul Steve Wynn Sues ‘Short Seller’ Chanos for Slander
(Reuters) - Steve Wynn, the billionaire casino mogul, has filed a lawsuit accusing prominent short-seller Jim Chanos of slander over an alleged statement that Wynn violated a U.S. anti-bribery law.
Wynn, 72, and his company Wynn Resorts Ltd filed suit against Chanos, founder of New York-based hedge fund Kynikos Associates LP, in federal court in San Francisco.
FlowPlay Gaming Now Has Everything and the Girl!
Earlier this month, shorty after FlowPlay Inc.
Nevada Casino Revenue Down 4 Percent in August
State officials say Nevada gambling revenue was down nearly 4% in August compared with a year earlier, largely due to a drop in winnings on the Las Vegas Strip.
Nevada Gaming Control Board officials said Friday that casinos brought in $920 million in August, down from $955 million a year ago.
Revenue on the Las Vegas Strip was down 6% year-over-year to $553 million, while downtown revenue went up 4% to $35 million.
Reno gambling revenues were down 2% to $53 million.
Star Fantasy Reacts to HBO’s ‘Real Sports’ Piece About Daily Fantasy Sports
If you’re like us, you tuned in to watch Carl Quintanella’s portrayal of the daily fantasy sports industry on Tuesday’s Real Sports With Bryant Gumbel. According to the FSTA, 41 million people played fantasy sports last year in the USA alone. It should come as no surprise that our burgeoning industry is capturing the curiosity of the media.
Former Ultimate Poker Pro William Reynolds Trashes Company on Twitter
A former pro for the first US-regulated online poker site, Ultimate Poker, took to Twitter to bash the company after it pulled out of the New Jersey market.
The Last Thoroughbred Race Track in New England Shuts Down
BOSTON (Associated Press) — Massachusetts gambling regulators say they'll entertain proposals from anyone interested in keeping the thoroughbred racing industry alive at Suffolks Downs after New England's last remaining track closes.
The annual deadline for state racing licenses is still Oct.1, but the Massachusetts Gaming Commission said Thursday that it will accept "placeholder" plans that need more time to be developed.
The panel also said it will find ways to assist affected workers, including possibly re-directing money designated to boost race prizes.
Globe and Mail: David Baazov Positioned to Rule the Online Poker World
Few have heard of David Baazov, yet he’s about to become the head of the world’s largest online poker firms.
PokerStars Terminating Affiliate Agreements
If you are an affiliate of the world’s largest online poker site, PokerStars.com, it appears you won’t be for much longer. The company has begun terminating affiliate contracts. Whether this will affect everybody remains to be seen.
PokerStars was purchased by Amaya Gaming over the summer and it was widely rumored then that major changes would be on the horizon, some of which would adversely affect business relations.
Inside PokerStars – A Look at the Inner Workings of the World’s Largest Poker Site
PokerStars.com has introduced a new series entitled “Inside Poker Stars” where we actually get a glimpse of the inner workings of the world’s largest online poker site.
The site services a total of 63 million registered users, the vast majority of whom play for real money, though the site also offers a free-to-play platform.
The company has also dealt more than 110 billion hands since it first came online a day that will forever live in infamy – September 11, 2011.
