Business & Financial
Harrah’s Could Take Over Foxwoods Casino Project in Philadelphia
The Philadelphia Inquirer is reporting that casino giant Harrah’s could take over the troubled Foxwoods Casino along the Delaware waterfront in South Philadelphia.Facebook’s Zynga Poker Would Benefit Most From Online Poker Law
Betfair Gives Boost to Ongame Poker Network: Could Take Over 4th Spot
PartyPoker Beats Full Tilt Poker….In France
With France opening its market to online poker sites, PokerScout.com is now separating the French domains in its monitoring of “real cash” players rankings.
Ladbrokes Axes Senior Managers, Sees 7 Percent Profit Loss
“In recent times, the strength of our brand has diminished. We feel the need to regain our primacy.”
Recession Hits Sports Tout Business as Sevransky Home Goes Into Foreclosure
IMEGA vs. Holder - Federal Defendant's Motion to Dismiss
IMEGA vs. Holder - Federal Gov. Motions to Dismiss, August 2, 2010
GoDaddy.com Sued for $100 Million in Aiding Michael Jackson Online Casino
The popular registrar GoDaddy.com is being sued for its allowing a company to register the MichaelJackson.com online casino, according to TMZ.com.
GoDaddy.com is being pursued by Howard Mann, who claims he owns the copyright to photos features on the Internet casino website, which remains up as of press time Tuesday morning. The mystery owner registered through GoDaddy.com, according to the suit.
Las Vegas Sands Corp Booming Asia Business: Shares Rise 2.3 Percent
Shares in Las Vegas Sands Corp (LVS.N) posted a better-than-expected quarterly profit last week thanks to its new Singapore resort and gambling in Macau.
Sands, whose shares rose 2.3 percent in morning trading, earned 17 cents a share in the second quarter after adjusting for one-time items. Analysts on average expected 9 cents a share, according to Thomson Reuters I/B/E/S.
Net revenue rose nearly 51 percent to $1.59 billion.
"They had a monster quarter," said Sanford Bernstein analyst Janet Brashear.
European Online Gambling Firms Want Into U.S. Market: Hopes Are High
Nearly all European online gambling firms, including the poker sites, have shied away from the U.S. market for the past 3 years following passage of the Unlawful Internet Gaming Enforcement Act (UIGEA) back in October 2006. The first step towards appealing that law took place Wednesday with a markup in a House subcommittee. Now it’s off to the House and Senate where further amendments are likely.
Las Vegas Sands Corp, Playtech Report Results
The Las Vegas Sands Corp. consolidated second quarter adjusted property EBITDA increased by 91.2% to record $473.5 million on record net revenue of $1.59 Billion.
Europe, U.S. All Mull Over Legalized Online Gambling: Markup Delayed
Bodog Poker Dives to 21St Place Among Global Online Poker Rooms
Pennsylvania Gambling Beats Out Las Vegas, Atlantic City
No wonder Atlantic City is suffering, Pennsylvania is making quite an impact on the gambling scene, at least if collected taxes act as an indicator.
New York Times: States Addicted to Gambling
The New York Times featuring a report Monday regarding individual states desire to boost their economies through gambling, New Jersey included.
New Jersey governor Chris Christie last week announced a decision for the state to take over struggling gambling destination Atlantic City. Casino revenue there is down almost 30 percent from the same period in 2006. Of course, Atlantic City was hit with a double whammy of sorts. Not only has the town suffered from a downturn in the economy but neighboring states have recently provided stiffer competition.
