Business & Financial
The Beast Results in 50 Percent Traffic Spike at Americas Cardroom
Sure there are some Beast haters, but the one-year-old isn’t going anywhere any time soon as The Beast has resulted in a 50 percent traffic spike at Americas Cardroom.
Ladbrokes Struggles Continue: Can’t Take the Heat
LONDON (Reuters) - Ladbrokes' customers shunned UK betting shops and the gaming machines inside during July's heatwave, compounding a slide in first half operating profit which underscored the need to build up its online business.
Britain's second largest bookmaker has been less successful than larger rival William Hill in exploiting the growing online market and expanding overseas, making it more dependent on its chain of almost 2,300 shops on British high streets.
Station Casinos Double Digit Growth But Mum on Internet Poker Impact
Station Casinos has announced double-digit growth during the 2nd quarter with a profit increase of 11 percent.
What Station Casinos did not disclose is the impact online poker has had on those numbers.
Nevada, NJ Consider Marriage in Online Gambling Sector After Early Bickering
(Reuters) - MGM Resorts International is working with Nevada officials who are discussing banding together with New Jersey to create a joint online gaming market, CEO Jim Murren told Reuters in an interview.
"I think it's likely that in 2014 we'll see a compact between New Jersey and Nevada," Murren said in an interview following the company's second-quarter earnings call.
New Website Launch for Gambling911.com
Just in time for football, Gambling911.com is launching a new web site that is ultra clean and integrates better with social networking. The content management system is faster, more efficient and will deliver gaming news around the world with a faster load time.
MGM Loss Narrows With Vegas Commitment
(RTTNews.com) - Casino operator MGM Resorts International MGM reported Tuesday a loss for the second quarter that narrowed from last year, as Las Vegas continued to rebound and MGM China reported record results.
Las Vegas, Nevada-based MGM Resorts reported a net loss of $92.96 million or $0.19 per share for the second quarter, narrower than $145.45 million or $0.30 per share in the prior-year quarter. Stripping out one-time items, MGM posted earnings of 4 cents per share.
888 to Bring its Online Gaming Brand to New Jersey
(Reuters) - London-listed 888 Holdings announced plans on Tuesday to launch online poker and casino games under its own brand in New Jersey this year when the state ends a ban on Internet gambling, entering a crowded field.
Internet betting was banned by Congress in 2006, dealing a blow to companies like 888 which had set up in the United States. However, tax-hungry states are now relaxing rules, creating opportunities for European players with years of expertise in the sector.
Lock Casino Adds Five Mobile Slots Games for iPhone, iPad
Lock Casino, one of the most successful online casinos, has unveiled a series of new products including 3D slots and mobile slots.
“The new interactive 3D slots will have movie-like graphics,” Senior Marketing Director Jay Park tells Gambling911.com.
As for the mobile casino platform, players can look forward to this new product offering very soon.
Devices supporting the new mobile online casino slots games include:
• iPhone 4S
• iPhone 5
• iPad 2nd, 3rd and 4th generation
Lock Poker Unveils New Forum to Address Players Directly. Shuts Down Forum on 2+2
Lock Poker has unveiled its own exclusive forum that can be found at the Lock Poker website, Gambling911.com can now reveal.
The new forum will help player issues get resolved much quicker as members will be linked to their actual poker account. This will also serve to eliminate so-called “trolling” and really allow Lock to deal with true player concerns. There is a min GGR requirement for those looking to participate on the new forum.
Cake Poker Rebrands as WinCake.com: Now Offers Sports Betting Online
In a huge industry move Monday, Cake Poker has announced a rebranding to WinCake.com along with news that it will begin offering sports betting, a web browsing format, and a $2 million jackpot casino.
Bwin.party Snatches Up PokerStars Exec Jeffrey Haas
eGaming Review Magazine is reporting that Bwin.party Head of Online Poker Chris Welch will be leaving next month and that his replacement is Jeffrey Haas, an executive from PokerStars, the world’s largest real money Web poker firm.
M Resort Poker Room Closes in Vegas
The M Resort, operated by Penn National, closed its poker room over the weekend after struggling against stiff completion.
The establishment recently hosted the Hollywood Poker Open.
According to USPoker.com, the M Resort typically only hosted one or two cash games on Saturday nights.
Player comps can be redeemed using the iMagine Rewards card anywhere at the resort.
Sportsbook Agent Service: IDSCA.com
The sportsbook agent service IDSCA.com is examined as part of this article.
IDSCA.com offers 24/7 service that is exclusive to the pay per head business. They do not offer post up sports wagering like some of their competitors. This allows IDSCA.comto focus only on providing you and your clients with the best service on the market.
Here are just a few of the many advantages to utilizing IDSCA.com’s sportsbook agent service:
Betting Software – Bookie Call Centers: Reviews for 2013 Football Season
Gambling911.com has your betting software and bookie center reviews for the upcoming 2013 Football Season.
Today we look at IDSCA.com, a company Gambling911.com has had a relationship with for the past three Football seasons.
Sports
What a Crock: Thousands of Affiliate Websites Taken Down by HostGator Outage
Online gambling affiliates and other websites were severely impacted by a massive outage at hosting companies HostGator, BlueHost and HostMonster.
All sites on these respective companies servers have effectively been taken offline.
Mashable.com reports that each of the hosting services are part of the Endurance International Group and that the outage appears to be related to server maintenance at the Provo, Utah, data center.
Nevada Gaming Revenue Down Nearly 5 Percent in June
CARSON CITY, Nev. — (Associated Press) - State officials say Nevada gambling revenues went down 4.8 percent in June compared with a year earlier.
The Nevada Gaming Control Board released statistics Friday showing casinos won $792 million in June, down from $833 million in June 2012.
Las Vegas Strip winnings of $435 million were down 10 percent year-over-year.
But the situation was the opposite a little further down the road: Downtown Las Vegas winnings of $37 million were up 9 percent.
Full Tilt Poker US Players to be Paid Soon
A US Justice Department Claims Administrator has concluded review of Full Tilt Poker balances and has advised that the payout process should begin shortly.
Ultimate Poker Deals 10-Millionth Hand
LAS VEGAS, NV - Ultimate Poker dealt its 10-millionth hand of real money online poker at 10:22 a.m. PST on UltimatePoker.com after a little over three months of live play.
CNBC Comes Under Fire for ‘Money Talks’ Reality Series: Capper Scammed Elderly
CNBC’s announcement that they will be airing a new sports handicapping reality series this fall called “Money Talks” is beginning to cause quite a backlash.
Facebook Passes $38 Initial IPO Offering Price
NEW YORK – (Associated Press) - Facebook's stock has passed its $38 IPO price for the first time since its rocky public debut last May, crossing a symbolic hurdle that has eluded it for more than a year.
Las Vegas Sands Wants Second Jury Verdict Thrown Out
LAS VEGAS — (Associated Press) - Las Vegas Sands Corp. asked a Nevada judge Tuesday to throw out a second jury verdict awarding a former consultant a $70 million settlement in a breach-of-contract case.
Attorneys for the largest U.S. casino company presented 12 reasons a district judge should grant a second retrial.
The payroll company ADP says companies hired in July at the fastest pace since December.
Bwin.Party Share Price Rises on Hopes of Company Split
Bwin.Party shares shot up Tuesday on news that the online gambling firm is considering a split.
More specifically, the Financial Times reported that Bwin.party was “working on a plan to spin off its unregulated operations into a separate company.”
Bwin.party is looking to aggressively take on the US market. They have already inked a deal with Boyd Gaming to run Atlantic City’s Borgata’s online poker site.
Bwin.party stock rose 3.9 percent on Tuesday to close at 135.9p. This is the firm’s best performance in nearly three months.
Chow to Take on Macau With T-Rex, Gladiators
(Reuters) - Macau tycoon David Chow is ripping up the fake volcano and Roman amphitheatre that were the show pieces of a failed theme park he built in the Chinese gaming enclave seven years ago.
He is replacing them with something a little less kitsch and more in keeping with the neighbourhood: a casino resort boasting an opera house and dinosaur museum that he hopes will return him to the spotlight of the world's largest gambling hub.
Judge Won't Toss $70M Jury Award Against Sands
(Associated Press) - A Hong Kong businessman is one step closer to collecting a multibillion-dollar award from Las Vegas Sands Corp., the largest U.S. casino company.
A Nevada judge on Tuesday denied Sands' request to throw out a jury verdict awarding former consultant Richard Suen $70 million in a breach-of-contract case.
Sands presented 12 reasons the company should be granted a retrial.
Number of Firms Applying for Online Gambling License in NJ Up to 37
A total of 37 online gambling companies have applied to serve the Garden State and its nearly 9 million people.
The New Jersey state Gaming Enforcement Division says it received the applications by Monday's deadline for initial consideration, a major milestone in Atlantic City's development of online betting.
Online Sports Betting Site SportsBettingOnline.com Adds Bitcoin
Gambling911.com sponsor SportsBettingOnline.com has become one of the first established online sportsbooks to incorporate Bitcoin.
More importantly perhaps, SportsBettingOnline.com is the first online sportsbook to begin accepting Bitcoin that also offers other more traditional funding methods.
Bitcoin Online Poker Officially Hits Mainstream With Satoshi Poker
Everyone has been waiting with bated breath to learn what impact, if any, Bitcoin would have on the online poker sector. The time to find out is finally here with the introduction of Satoshi Poker.
Gambling911.com can confirm that the new entry will be pouring millions of dollars into marketing its product across the World Wide Web. And good news for US players, as Satoshi Poker will be accepting players from all jurisdictions.
Casino Developers in Cedar Rapids Allegedly Made ‘Illegal’ Political Contributions
Two casino executives placed in charge of overseeing development of a Cedar Rapids casino allegedly made illegal political contributions in late 2009 to then-Governor Chet Culver’s unsuccessful re-election campaign.
From the Gazette:
Revel Atlantic City Poker Room to Shut Down in Next Two Weeks
The financially strapped Revel Casino in Atlantic City is ready to close its poker room.
John Brennan of the Bergen Record tweeted Monday:
Sources: Revel AC poker room will close in 2 weeks. Canceling all tournaments. Bad beat jackpots to be paid.
The Revel Casino is expected to shut its poker room down on August 15 though the closure could actually happen sooner.
Caesars' 2Q Misses Expectations
LAS VEGAS (Associated Press) — Casino operator Caesars Entertainment Corp. posted a smaller loss for its fiscal first quarter on Monday, but results still missed expectations as slots and tables drew fewer gamblers.
Caesars owns or manages more than 50 casinos, most of them in the U.S. and Britain.
The company saw casino revenues decline by $116.8 million, or 7.5 percent. CEO Gary Loveman said food and beverage sales may ultimately replace those dollars.
