Business & Financial
Caesars Counting on Cold Weather, New Ad Campaign to Boost NJ Online Gambling
AdWeek.com says Caesars Online Casino is counting on a reboot in the Garden State when cold weather starts to roll in this November. They will be pushing a more aggressive advertising campaign on television as well, similar to that we saw earlier in the year with the Borgata and its partner site PartyPoker. New Jersey is served by two major television media markets: New York and Philadelphia.
The Pay Per Head Player Management Report: Simplification for Bookies
No more having to deal with customer accounting on a daily basis this Football season. Bookies have the Pay Per Head option and their ability to provide daily Player Management Reports.
It’s one of the biggest advantages of using a Pay Per Head service, being able to receive expansive in-depth customer reports in order to help your business grow.
Twilight Zone: Adeslon Favors Online Poker and Wants to Throw Hat in Ring
Las Vegas casino magnate and GOP mega donor Sheldon Adelson praised lawmakers who have taken on a pro-Internet gambling position and proclaimed: "(We are) pleased that the Nevada Legislature has taken the lead in regulating internet casinos" and added, "Our hat will be in that ring.”
The Las Vegas Sun also reported:
Gambling Regulators to Select Casino for Lucrative Boston Area License
BOSTON — (Associated Press) - State gambling regulators are set to begin deliberations on awarding the lucrative Boston-area casino license on Monday, even as voters will decide in November whether to repeal the state's casino law, halting the process altogether.
The choices are down to Mohegan Sun's $1.3 billion resort plan for the Suffolk Downs horse racing track in Revere and Wynn Resort's $1.6 billion waterfront casino on the site of a former chemical plant in Everett.
Where to Place Football Bets Online – 2014-2015 Season
You can place all your Football bets online at any one of the fine Internet sportsbooks listed below. Each offers their own unique bonus program, payment solutions and wagering options. Live in-play betting and mobile is available at most of these fine books. These are all Gambling911.com endorsed.
More Trading Activity at Bwin.Party Raises Eyebrows
As first reported by Gambling911.com on Friday, at least one Director in publicly traded Bwin.Party bought shares immediately after earnings. Within a day of those shares purchases, the company started to buy back shares in the open market.
Helmut Kern, Non Executive Director, bought 60,000 shares in the company on the 3rd September 2014, just one day prior, at a price of 92.42p. The Director now holds 60,000 shares.
“On the surface, there should be red flags raised here,” a Gambling911.com source following the unusual trading activity suggested.
NBA Commissioner Changes Stance on Sports Betting
NBA Commissioner Adam Silver believes that legalized sports betting is “inevitable” and that the National Basketball Association should embrace this concept.
ESPN.com Adds New Betting Guide Section for Sports in Shocking Turnaround
Is 2014 the year the US-facing sports world finally begins to embrace sports betting? It sure seems that way.
Jacksonville Firm Eyes Shuttered Show Boat Casino
ATLANTIC CITY, N.J. (Associated Press) - A Florida company that develops restaurant and entertainment complexes is interested in the former Showboat casino in Atlantic City.
Latitude 360, a Jacksonville company, said Friday the newly closed casino is one of three locations in Atlantic City it is considering for a $20 million project that would be paid for in conjunction with a financial partner. It would not involve gambling.
Company CEO Brent Brown said he has toured the former casino, which closed on Sunday, and has been in talks with its owner, Caesars Entertainment.
4 Mistakes to Avoid When Building Reputation in the Online Gambling Industry
In online gaming – and any other business, little is more important to a company than their reputation. It drives sales, brings in new customers, and allows a business to flourish.
The problem is that many businesses make several mistakes while trying to build their reputation. These mistakes sabotage their efforts, and, in many instances, lead to a reputation that is far worse than the one their company had when they began their public PR efforts.
Atlantic City Scores Gets Over 1000 Job Applicants After Casino Closures
Four casinos have either shut down or are in the process of shutting down in Atlantic City but at least one local business has scored big from these sudden closures.
SCORES Atlantic City, the legendary gentleman’s club, has realized a 40% increase in job inquiries over the past two weeks.
Nearly any position you can think of has witnessed a jump in applications including security, hostesses, bartenders, barbacks, entertainers, and DJs.
Bwin.Party Trading Activity This Week has Some Scratching Their Heads
At least one Director in publicly traded Bwin.Party bought shares immediately after earnings. Amazingly, within a day of those shares purchases, the company started to buy back shares in the open market.
“It’s immoral and unethical for Directors and Management to ‘front run’ a corporate buyback in a matter of hours,” a source tells Gambling911.com.
A la Wikipedia, front running is a practice whereby a stockbroker executing orders on a security for its own account while taking advantage of advance knowledge of pending orders from its customers.
Trump Plaza Might Try to Keep Betfair Online Gambling Relationship After Closure
(Associated Press) - Two Trump casinos in Atlantic City are in turmoil as the closing of Trump Plaza nears.
Trump Plaza is considering keeping its Internet betting operation online after the physical casino closes Sept. 16, and the Taj Mahal is experiencing money problems.
In a petition to New Jersey casino regulators, Trump Entertainment Resorts says it might try to keep its Internet gambling operation with online partner Betfair going after Trump Plaza closes on Sept. 16.
Where Can I Bet on Football Online With Bitcoins?
You can bet NFL Football and College Football using bitcoins at SportsBettingOnline.ag here.
‘Frontline’ to Profile Macau: How Billions of Dollars Make it to the Gambling Tables
The popular and well produced PBS series “Frontline” this month (September 2014) will profile the Chinese gambling enclave of Macau. Watch It Here
Veteran correspondent Lowell Bergman explores how this former Portuguese colony become the gambling capital of the world. And, yes, Macau is bigger than Vegas….way bigger than Vegas.
Anti-Web Gambling Crusader Adelson May Buy the US Senate: $100m Up for Grabs
Gambling magnate and GOP mega donor Sheldon Adelson may be looking to try to buy the US Senate. He is spending $100 million of his own cash on the mid-term elections through various untraceable conservative groups, The Daily Beast is reporting.
Undercover in Myanmar's Sin City Where Anything Goes: Casinos Coming Soon?
The BBC last month featured an undercover report detailing Myanmar's Sin City and its “anything goes” mentality that includes the likes of gambling, drugs, prostitution and various black markets. The city even hosts a popular Thai transvestite show.
Mass Unemployment Filings in Wake of Atlantic City Casino Closures
ATLANTIC CITY, N.J. (Associated Press) — Hundreds of newly laid-off casino workers began filing for unemployment Wednesday morning, the first attendees at an assistance center that expects to process 5,000 workers over the next three days.
UK Suspends PokerCent.com License, Service
The United Kindgom Gambling Commission (UKGC) has suspended the license of a small independent online poker room, PokerCents.com. Service has also been shut off as a result. PokerCents.com hopes to have its service restored on October 1 once it comes into compliance.
The online poker company claims its license was suspended due to not having the proper certificate.
The Commission was vague in its own statement issued Monday.
Macau Casinos Suffer for Third Straight Month
Shares of Macau-centric casinos such as Las Vegas Sands (NYSE:LVS) and Wynn Resorts (NASDAQ:WYNN) fell on reports of weaker-than-expected Macau gambling revenue for Aug.
Sterne Agee slashed earnings estimates on both casino companies as well as on MGM Resorts Int'l (NYSE:MGM) and Melco Crown Entertainment (NASDAQ:MPEL).
Sands shares fell 5.1% to 63.10. Wynn fell 4.1% to 185.05. MGM fell 2.6% to 23.83.
Source: Investors.com
Is a Bitcoin Online Gambling Boom on the Horizon?
CoinDesk.com featured an interesting piece on Tuesday suggesting that the bitcoin gambling boom is only getting started.
Bookies Make Out Well for First Week of College Football
Sports bookies both online and in Vegas enjoyed a successful weekend and hope that trend continues with the start of NFL this upcoming weekend.
Among the big hits in Vegas, Virginia covering against UCLA.
Credit Suisse Gives Playtech ‘Neutral’ Rating
Online gambling software company Playtech PLC (LON:PTEC) had its stock reinstated by stock analysts at Credit Suisse as “neutral” with a current price target of GBX 780 ($12.94). Credit Suisse’s target price points to a potential upside of 8.24% from the company’s current price.
Other analysts, including Canaccord Genuity this past Thursday, have either reinstated or raised their price target on shares of Playtech PLC to a “buy” rating. In the case of Canaccord Genuity, their price target on shares rose from GBX 825 ($13.69) to GBX 840 ($13.94).
Revel Starts Shutdown Monday After Just 2 Years
ATLANTIC CITY, N.J. (Associated Press) — The most spectacular and costly failure in Atlantic City's 36-year history of casino gambling begins to play out Monday when the $2.4 billion Revel Casino Hotel empties its hotel.
Its casino will close early Tuesday morning.
Revel is shutting down a little over two years after opening with high hopes of revitalizing Atlantic City's struggling gambling market. But mired in its second bankruptcy in two years, Revel has been unable to find anyone willing to buy the property and keep it open as a casino. It has never turned a profit.
Atlantic City Residents Hope for Best as Casinos Close
The storied Showboat Casino in Atlantic City, New Jersey has shut its doors and two more casinos are about to close in the coming weeks. Residents now brace for the worst, worrying over what will become of their seaside town.
Behind the Scenes of the Showboat Casino Closure and How it Will be Done
ATLANTIC CITY, N.J. (Associated Press) -- When a casino shuts down, making an announcement over the loudspeaker and herding gamblers off the casino floor is only the beginning. Here's a look at what takes place behind the scenes:
-- Secure the money and the chips. Casino security, supervised by inspectors from the state Division of Gaming Enforcement and backed by state police, immediately secure the money and gambling chips from each table game and slot machine. Supervisors and dealers count the chips, total up the money and have it wheeled away to the cash counting rooms.
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BetOnline.ag, running on the Chico Poker Network, are currently placed number 18 on Pokerscout.com in August 2104, making them the 2nd biggest US-facing brand right now.
Bookies Make Out Big to Kick Off College Football: Aggies 40-1 to Win Championship
The Texas A&M Aggies stunned South Carolina Thursday propelling the oddsmakers at Sportsbook.ag to slash their odds of winning the National Championship from 100-1 to 40-1.
Paddy Power Profits Plummet Unfavorable Sports Results Contribute
DUBLIN, Ireland (Reuters) - Paddy Power's operating profit fell sharply in the first half of the year after a run of unfavourable sports results, but the Irish gambling company said a second-half rebound should deliver full-year earnings growth.
Paddy Power, which has more than doubled its annual profits since 2009 on an overseas expansion and a strong performance online, leads the industry in smartphone and tablet betting.
Nevada Gambling Revenue Inches Upwards in July
LAS VEGAS — (Associated Press) - State officials say Nevada gambling revenue was up less than 1 percent in July compared with the same month last year.
The Nevada Gaming Control Board reported Thursday that the state's casinos brought in $932 million last month. Las Vegas Strip gambling revenue was up 5 percent to $563 million, while downtown Las Vegas revenue was down 3 percent to $38 million.
Reno casino revenue was down 2 percent in July to $48 million, and South Lake Tahoe gambling revenue dove 23 percent to $25 million.
