Business & Financial
Paddy Power Profits Predicted to Plunge
The luck of the Irish may be running out.
Overnight, Gambling911.com had reported on the economic hardships facing Ireland in addition to one of the country's few bright spots - Paddy Power. Ireland's largest bookmaker is one of the few groups expected to deliver a yield of 5.1 per cent in 2009, according to Goodbody projections.
Monday came word that the bookmaking super power could be about to fall on some hard times itself.
BetCRIS Boss Dire(rhea) Advice to Belagio Hotel: I Hope You Go To S***!
The Las Vegas economy is hurting. We all know this. But one online gambling exec had this piece of advice to offer up:
"The Bellagio can go to s***!" BetCRIS boss, Mickey Richardson, lashed out when discussing the state of the economy with Gambling911.com this weekend. He can care less that the famed Las Vegas property has had to slash its rates in order to compete with other strip hotels. "If that's a five star hotel, the rating system is seriously skewed."
Ireland Bookmakers May Struggle in Midst of Potential Collapse
Much talk has focused on the Republic of Ireland being the most likely to abandon the Euro. Ireland has taken quite a hit in recent months. Could the country become the next Iceland?
Sands Casino Enacts Own Stimulus Package
Despite the Las Vegas Sands (LVS) stock closing at a sputtering $2.28 a share on Friday, the company has blazed ahead in the face of financial adversity with a stimulus package of it's own: job cre
Marvel Comics a Bright Spot for Scarred Cryptologic
Having been embroiled in a public feud with former CEO and 10 percent shareholder, Javaid Azid, the publicly traded online gambling software firm, Cryptologic, can seek some solace in knowing that
Legalized Sports Betting Would Mean $30.6 Billion for US Economy
There is much talk this week about legalizing online gambling and in particular sports betting, which would account for a $30.6 billion figure as part of a PriceWaterHouseCoopers 2007 industry fore
Cake Poker Could Soon Dominate With Aggressive Approach
The Cake Poker Network is just reeling them in of late. Its partnering with major online sportsbetting enterprises could help make Cake one of the top 5 online poker networks by years end.
Cryptologic Dispute Now a Public Affair: Concern to Shareholders
Former Cryptologic CEO, Javaid Aziz, who ran the publicly traded online software company business from April 2007 to February 2008, has been trying to establish a foothold in an effort to gain cont
The Grasshopper in Amsterdam Does Not Want Americans
Each year, hundreds of chirpy online gambling professionals descend upon Amsterdam to participate in the Casino Affiliate Convention. Gambling911.com of course recognizes that few if anyone will remember anything that was discussed at the conference itself. The event is more of a networking function where friends can gather and do things they might not normally do at home such as smoke canibus and have sex with women on display behind red lit windows.
Oscar Betting a Hit: Ratings Up
The 2009 Oscars provided quite a betting revenue boost for online gambling websites. The event is traditionally the 3rd most wagered on of the year and that probably won't change in 20
MGM Mirage, Bally’s, Wynn, Harrah’s Lose Out During Tough Times
Las Vegas is hurting during these rough economic times. Hotels on the strip have drastically slashed room rates in an effort to compete.
Las Vegas Art Museum Victim of Economic Recession
When one thinks of Las Vegas, usually the last thing that comes to mind is art. But Sin City does have museums...or...let's rephrase that...DID HAVE MUSEUMS.
The Las Vegas Art Museum, Southern Nevada's first fine-arts museum and one of the city's cultural mainstays since 1950, has become the latest victim of a disastrous economy, according to Ken Miller of the Las Vegas Weekly.
The Museum will close the end of this week.
California Legislators Would Speak to 888.com About Online Poker
Sources close to Gambling911.com have reported that legislators in California are so intent on legalizing online poker in that troubled state they are looking to attend an upcoming i-Gaming confere
Jon Kyl Agrees With Barney Frank Regarding Bank Nationalization
Republican Senator Jon Kyl and Democratic House Financial Services Committee Chairman Barney Frank remain on opposite sides of the spectrum when it comes to legalizing online gambling. Kyl calls
Vantis Will be Receivers for Stanford International Bank
The same receivers placed in charge to manage the liquidation of online gambling firm, BetonSports, will now oversee the Stanford International Bank crisis in Antigua.
Federal Judge Orders Forfeiture of $10 Mil From Bodog
A U.S.
Bookmaker Weighs in on Big Three Automakers Bankruptcy Odds
BookMaker.com, the leading online gaming and sports book destination, issued lines today on several of the most talked about financial and entertainment stories of the day.
Online Gambling Disaster Avoided in Midst of Stanford Bank Debacle
Unscrupulous payment processors, stringent new U.S. banking laws and one man's religious position related to gambling may have been enough to avert a catastrophe in the online gambling sector.
The industry it seems has learned from past mistakes not to keep all its eggs in one basket, a good thing considering Antigua's largest bank may be on the verge of folding. Assets are now frozen in Stanford International Bank following an FBI investigation.
Antigua Freezes Assets in Stanford International Bank
Much as they did when one of the world's largest online gambling firms, BetonSports, shut down under investigation nearly three years ago, the tiny Caribbean nation of Antigua has froze all assets
Antigua Plan of Action to Preserve Financial Stability
ST JOHN'S, Feb 18 (Reuters) - Antigua and Barbuda's minister of finance and economy said on Wednesday the twin-island Caribbean state was scrambling to shore up its banking system after potentially
Sparky Collins Shoots Aubrey O’Day
Gambling911.com Cuban transgender reporter, Sparky Collins, has been working New York's Fashion Week, wearing a beautiful sequenced green gown and his Cindy Brady signature pony tail. But it's no
Allen Stanford Fraud Case Could Mar Online Gambling Hub
The tiny Caribbean nation of Antigua has done most things right. They have cooperated with other international governments in order to ensure their banks were in compliance as a means of cracking
Trump Taj Mahal Files for Bankruptcy Protection
Atlantic City is reeling from the current economic crisis and the landmark of its casino strip, the Trump Taj Mahal, has filed for bankruptcy protection. It is one of three hotel casino operation
Republican Senator Jon Kyl Pork: Good for Port Security
In a briefing with several of his colleagues, Republican Arizona Senator Jon Kyl called the Obama Economic Stimulus bill "a stinking, bloated, quivering pile of liberal pork." Yet amaz
Economic Stimulus Package: What Would Jesus Do?
If Jesus had passed an economic stimulus package similar to the one President Obama has proposed, we would still be paying for it. So says 2012 Libertarian Presidential hopeful, Wayne Allyn Root.
Las Vegas Mayor Wants Apology From Obama
Las Vegas' colorful mayor, Oscar Goodman, wants President Barack Obama to apologize for saying that companies shouldn't visit Las Vegas using tax payers money.
"What's a better place, as I say, than for them to come here," Goodman told KLAS-TV. "And to change their mind and to go someplace else and to cancel _ and at the suggestion of the president of the United States _ that's outrageous."
Bernard Madoff Scammed Professional Poker Player
A professional poker player who is in the Poker Hall of Fame is among the thousands of investors who were scammed out of money by con man financial manager Bernard Madoff.
California Wants Legislation Making Online Poker Legal
California lawmakers are working to pass a measure that would legalize online poker. The state, which has been among the hardest hit by the current recession, would welcome some already existing
Las Vegas Deep Discounts Make for an Attractive Vacation Spot
It may seem illogical. Head to Vegas and spend money gambling, dining, checking out the shows. But that's what economic stimulus is all about, getting people to spend....just do so wisely. Du
Bookmaker Not Hurt by Recession: Opening 80 More Shops
Paddy Power, Ireland's biggest bookmaker, plans to expand into Scotland with the opening of 80 more shops by 2011 with a stg£16m investment.
