Business & Financial
Sports Betting Bill Approved by New Jersey Assembly
(Associated Press) - State lawmakers passed legislation Thursday that could allow legal sports betting in New Jersey to move forward.
The Assembly passed a measure that was overwhelmingly approved earlier this week in the state Senate. It’s aimed at helping the state’s foundering casino and racetrack industries, and would partially repeal prohibitions against sports wagering in the state.
Real Money Candy Crush Coming to NJ: Video Gaming Addiction Specialists Cringe
Candy Crush Saga is the uber popular social gaming platform that now rivals what Farmville had been a few years ago. And now Candy Crush is coming to Atlantic City to save the day. That resort town has lost more than a quarter of its land-based casinos in the past year as the gambling landscape continues to shift with the times.
Rochester NY Rivals Silicon Valley as New Tech Epicenter, Fantasy Sports Hub
In an interview conducted with Gambling911.com’s own Thomas Somach this week, Seth Young, COO of Star Fantasy Leagues, revealed neither he nor the two co-founders have any intention to move their thriving fantasy sports business out of Rochester, New York, calling the city “
Las Vegas Sands Revenue Drops but Profit Grows
Las Vegas – (Associated Press) - International gambling destination Macau continued to pose a challenge for casino giant Las Vegas Sands Corp. in the third quarter.
But as high-roller gamblers eased back there, they shelled out at the company’s Marina Bay Sands resort in Singapore where the casino’s win-per-day climbed to $4.82 million.
The company also pointed to increased spending on entertainment, retail shops and hotel rooms beyond the casino floors.
Star Fantasy Leagues Giving Traditional Sports Betting a Run for its Money
ROCHESTER, N. Y. -- The hottest things in sports right now are commercial sports fantasy leagues, where fans of major sports can create and manage their own imaginary teams and, in the process, earn cash prizes depending on the teams' success.
And it's all legal, because the Federal government of the U.S. has officially decreed that participating in fantasy sports involves skill, not luck, so it's not considered gambling.
How Bookies Settle Up With Customers: Why Tuesday
In the world of bookmaking, one often hears the term “settling up with customers”. What exactly does this mean for the bookie?
“Settle-up Day”, typically the Tuesday after Monday Night Football during the NFL season, is when all customers who are at or above their settle-up figure must be seen to zero their account. This is when you pay and collect, and it is usually the only time you see your customers face-to-face.
Taj Mahal to Close if Judge Does Not Approve Cancelation of Union Contract
In what could prove to be yet another blow to Atlantic City's stuggling casino industry, billionaire investor Carl Icahn has warned that the famed Taj Mahal will need to shut its doors should a bankruptcy judge fail to cancel the casino’s lucrative union contract this coming Friday (October 17, 2014).
Negreanu Supports PokerStars Controversial Spin N Go Games: Others Do Not
Approximately 800 players have won up to five figure prizes playing in PokerStars new Spin & Go games since launching earlier this month. So why are some folks up in arms?
Can the NBA Make a Huge New TV Deal Pay Off? More Betting on Games Likely
The latest TV deal signed by the NBA could bring that league truly into the big time. Not only did the deal more than double the fees it would receive from the two networks that signed the deal, the NBA will enjoy the sort of long-term media rights that the NFL and MLB take for granted.
Atlantic City Casinos for Sale at Deep Discounted Prices
ATLANTIC CITY, N.J. (Associated Press) -- The meltdown of Atlantic City's casino market has created some stellar bargains for would-be purchasers of some of the city's biggest landmark properties. Here are a few of the recent discount sales:
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.
Best Football Betting Sites – Top Bonus Offers - 2014 Season
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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.
