Business & Financial
DraftKings 4th Quarter Revenue in 2014 Best Ever: From $2.5 Mil to $17 Mil
Daily Fantasy Sports second biggest site, DraftKings, reported a dramatic increase in revenues during the 2014 4th quarter. Revenues came in at just over $17 million compared to $2.5 million during the same period last year.
It gets even better.
Las Vegas Ticket Drive Shows NHL Team Viable: Daniel Negreanu Pushing Hard
Efforts to bring a National Hockey League (NHL) team to Las Vegas gained support in recent days following an “unofficial” ticket drive campaign that was met with great success.
The actual ticket drive to determine whether a hockey team in Sin City to be feasible is set to begin February 10 but potential owners Bill Foley and members of the Maloof family (owners of the Palms Casino) have already hosted two receptions over the past week to identify business and civic leaders placed in charge of making sure word gets out about the ticket drive.
VICTIV.com Review – Daily Fantasy Sports
Gambling911.com, a site you have trusted since 1999 to bring you the latest news pertaining to the gaming and Fantasy Sports sector, has its VICTIV.com review. This is one of the newest and cleanest of the Daily Fantasy Sports sites to emerge during the final months of 2014. VICTIV.com, developed by Ruckus Gaming LLC, is based out of the epicenter of creativity in the United States: Austin, Texas. The website can be found here.
FanDuel Revenues Hit $37 Mil in 4th Qtr, Up From $7.4 Mil the Same Period Last Year
The world’s largest Fantasy sports site, FanDuel.com, has seen its revenues reach $37 million for the 4th quarter ending 2014. That’s quite an increase from $7.4 million the same period last year.
New Credit Card Code for Online Gambling in New Jersey Should Reduce Decline Rate
A new credit card code is set to be introduced for online gambling in New Jersey come Springtime, thus helping to reduce decline rates.
Reports suggest that the approval rate for Visa cards has been around 73% on average for Visa with a dismal 44% for Mastercard. American Express does not allow transactions for online gambling at this time.
While online gambling is legal in New Jersey, many credit card issuing banks, including Wells Fargo, have refused to allow transactions for Web gambling due to federal legislation.
William Hill Shares Sent Spiraling After Bookies Loses Millions
A series of Premiere League favorites winning this past weekend has cost bookmakers - including the UK’s largest, William Hill – millions of dollars.
Super Bowl 2015 Not So Super For Fantasy Sports Leagues
According to the law, they can’t offer any Super Bowl action
The Super Bowl is annually the biggest betting day of the year for casino sportsbooks in Las Vegas.
More money will be wagered on that one game at the sportsbooks than any other sporting event of the year.
The Future of Daily Fantasy Sports: FanDuel Going Public, No More Overlays, More
Takeaways from last week’s Fantasy Sports Trade Association Winter Conference were summed up on PartTimePoker.com with a special emphasis on the future of Daily Fantasy Sports courtesy of Eilers Research.
Super Bowl 2015 Betting Early Action Results in Dramatic Line Movements
Carrie Stroup here with news regarding the Super Bowl 2015 early betting action, which has been brisk to say the least at Sportsbook.ag.
Paddy Power Pays Shampoo Spokes Model David Ginola to Run for FIFA President
The ever controversial Irish-based bookmaker Paddy Power is said to be paying David Ginola, a L’Oreal Shampoo spokes model, $380,000 to run for FIFA President.
Bitcoin is 10 Percent of Americas Cardroom’s Business Right Now Reveals CEO
Americas Cardroom CEO Phil Nagy tells Gambling911.com, the anonymous digital currency Bitcoin has thus far impressed at his online poker business.
“Bitcoin is doing good for us,” he told G911 this week. “It is 10 percent of our overall business right now.”
Pay Per Head for the NFL Conference Championships
Looking for a Pay Per Head for the NFL Conference Championships, look no further than PayPerHeadAgents.com for all your outsourcing needs.
Caesars Bankruptcy Filed Then Halted by Judge
Delaware/CHICAGO (Reuters) - The operating unit of Caesars Entertainment Corp, the largest U.S. casino company, filed for Chapter 11 bankruptcy in Chicago on Thursday to cut $10 billion of debt, but a Delaware judge intervened to halt the case before it got started.
The unusual legal standoff marked the start of a more public phase of complex and contentious debt negotiations. Until now, the company's attempts to cut interest payments after years of red ink have been kept mostly private.
Amaya, PokerStars Second Quarter Sportsbook Rollout Planned
Amaya Inc. ("Amaya" or the "Corporation") (TSX: AYA) on Thursday provided an update on its PokerStars online gaming consumer business and that Chairman and CEO David Baazov will make a speech at an investment conference in Toronto.
BUSINESS UPDATE
Successful completion of Casino Rollout
Atlantic City Loses Half Its Revenue Over Eight Years
ATLANTIC CITY, N.J. - (Associated Press) -- Atlantic City has lost nearly half its casino revenue over the past eight years as competition in nearby states cannibalized its market and drove four casinos out of business.
Figures released Wednesday by the New Jersey Division of Gaming Enforcement show the casinos took in $2.74 billion in 2014, or about what the industry brought in in 1988. That is down 48 percent from a high of $5.2 billion in 2006. The decline would have been greater without the $122 million that Internet gambling provided last year.
CFP Championship Game Attracts Record Betting for Some: Books Hit by OSU Win
The first ever CFP Championship Game between Ohio State and Oregon was a bonafide hit though it wasn’t exactly pretty for the books.
Colorado The Latest US State to Want Legalized Sports Betting: Success With Pot
Colorado’s biggest bookie made millions. His high profile bust has lawmakers insisting that sports betting in the state should be legalized.
And no state should know better the potential for industries on the fringe. Colorado, after all, has witnessed a massive windfall following its legalization of marijuana only a year ago.
Creditors Try to Block Caesars Restructuring
Jan 12 (Reuters) - A group of second-lien bondholders of casino operator Caesars Entertainment Corp filed a petition for involuntary Chapter 11 bankruptcy protection against the company's largest unit after it defaulted on interest payments.
Caesars Entertainment Operating Co Inc defaulted on $225 million of payments due on Dec. 15.
The petitioning group includes hedge funds Appaloosa Investment Limited Partnership I and OCM Opportunities Fund VI LP, according to the petition filed on Monday.
The payments were due on principal of $4.5 billion.
Fantasy Sports Leagues Embrace the NFL, But Shun College Football
Company Executives Tell Gambling911 Why That’s So And Why It’s Changing
When it comes to legal sports wagering at Las Vegas sportsbooks, more money is wagered on pro football than any other sport.
The NFL is No. 1 for the books and always has been.
The second most popular sport to bet on at the Vegas books is college football, not surprising considering the overall popularity nationally of the game of football.
So why hasn't this affection for NCAA football translated to fantasy sports the way NFL football has?
Americas Cardroom Officially Begins Accepting Bitcoin Deposits
San Jose, Costa Rica – Getting money onto an online poker account has now officially become more convenient. Leading US online poker site Americas Cardroom today announced a groundbreaking move in payment processing. The poker site today becomes one of the first poker rooms to accept Bitcoin for deposits, with maximum daily transactions as high as $1,000 and minimum deposits as low as $5.
Pay Per Head Sites Down Due to DoS: PayPerHead.com Vows to Stay Up
In recent weeks a new spate of Denial of Service attacks has taken down online gambling sites, most notably Internet poker rooms. But Pay Per Head sites have also been the targets of these distributed attacks during one of the most critical periods of the year.
NBA Television Contract Would be Worth Triple If Sports Betting Were Legalized
A Breitbart News source tells the Web publication that, should sports betting on the NBA be permitted under US law, the National Basketball Associations Television contract would easily triple.
Fantasy Site ScoreStreak.com Does Things Their Way
Site’s Unique Format Proves Popular With Fans
SAN MATEO, Calif. -- With a steady supply of computer- and Internet-savvy talent and some of the biggest techno-brains around, it's no surprise that Silicon Valley in Northern California has become Ground Zero for the Sports Fantasy League business, including much of the newer business in that industry that involves daily sports fantasy.
Bitcoin or Bit Con: $730 Million Bitcoin Heist May Have Been Inside Job
As more and more online gambling websites mull over the anonymous digital currency bitcoin, there appears to be good reason why said companies have had reservations up to this point.
Business Insider in the UK reports that Japanese authorities are investigating whether a $730 million heist this past year could have been an inside job.
MGM Shares Plummet: Morgan Stanley Says ‘Worst is Over’ for Macau Gaming
Casino stocks were not immune to Monday’s steep drop across all markets. MGM Resorts reported a decline of 1.6% to $20.68 in trading due primarily to disappointing gambling results in Macau last month.
Last year’s results were the worst decline since the Chinese government liberalized the gambling enclave in 2001 with a 30.4% drop-off.
Las Vegas Sands Gets Green Light for Paris-Themed Casino in Macau
The Asian gambling Mecca of Macau has approved a Paris-themed casino the Las Vegas Sands has asked to establish there. Sands already operates a successful casino establishment in the former Portuguese colony, now a part of China.
The $2.7 billion Paris-themed integrated resort will feature a replica of the Eiffel Tower. With more than 3,000 rooms, the Parisian Macao will bring more than 490,000 square feet of retail space, dining options, new meeting and convention facilities.
Pay Per Head for the College Football Playoff National Championship
If you are looking for a Pay Per Head for the College Football Playoff National Championship, look no further than PayPerHeadAgents.com here.
Macau Gambling Revenue Takes Record Plunge
HONG KONG (Reuters) - Gambling revenue in the Chinese territory of Macau, the world's biggest gambling hub, fell 2.6 per cent to 351.5 billion patacas (S$58.4 billion) in 2014, the territory's first annual decline since casinos were liberalised there in 2001.
This came as revenue plunged a record 30.4 per cent in December from a year earlier to 23.3 billion patacas, marking the seventh consecutive monthly decline, data released on Friday by Macau's Gaming Inspection and Coordination Bureau showed.
Adult Entertainment Company Vivid Joins Forces With Fantasy Sports Site
Adult entertainment and fantasy have always worked great together….but Fantasy Sports?
Yes it’s true, the world’s largest purveyors of pornography, Vivid Entertainment, this week entered into a deal with the third largest Daily Fantasy Sports site DraftDay.com.
Professional Sports Leagues Find Great Value in Daily Fantasy Sports
The professional sports leagues are loving Daily Fantasy Sports...and with good reason.
