Business & Financial
Good Odds Paddy Power Has Backed a Winner
BOOKIE turned boardroom protagonist Mark Read could walk away with $11.6 million stashed in his bag after Ireland's biggest online betting and gaming provider, Paddy Power, lobbed a 60¢-per-share
Sportingbet to Focus More Heavily on UK Market
The Financial Times reports that
Harrah’s Bets on Japan, Taiwan Expansion
MACAU, June 2 (Reuters) - Harrah's Entertainment Inc, the world's largest casino operator, is eyeing expansion opportunities in Taiwan and Japan, as it bets on the fast-growing and affluent Asia ma
World Series of Poker Stimulus Special a Hit
With the economy in complete disarray, everyone is looking for an economic stimulus package, and the poker world is no exception.
"The demand for the Stimulus Special could be felt the moment we announced it," said World Series of Poker commissioner Jeffrey Pollack. "We welcome all the first-time players to the World Series of Poker and wish everyone good luck in their pursuit of a gold bracelet."
So what exactly is the World Series of Poker Stimulus Special?
City of Dreams Latest Bet on Gambling Haven Macau
MACAU (Associated Press) - The City of Dreams, a massive casino resort in Macau, was unveiled Monday in the latest multibillion-dollar bet that this once seedy Chinese gambling enclave will become
Harrah’s New Online Poker Unit Coming to Montreal
As first reported on Gambling911.com, Harrah's will be launching a new online unit.
MGM Told to Cut Ties With Macau and Pansy Ho
New Jersey regulators have told MGM they need to abandon a joint venture with Macau and Pansy Ho, accusing the later of being part of an organized crime family.
Harrah’s $1 Billion in New Notes to Pay Old Debts
LAS VEGAS-(Associated Press) - Casino operator Harrah's Entertainment Inc.
Cashcade Online Bingo a Hot Commodity
All eyes on the prize as the likes of PartyGaming and 888.com are looking to acquire online bingo company, Cashcade.
Cashcade have been active in the gaming space for over 6 years and have in that time been both a software developer and marketing organisation. The business has developed its own brands Getminted.com and Foxy Bingo into high successful products in their own right.
Unemployment Rate: You Can Bet On It
The unemployment rate throughout the world is skyrocketing. And while online gambling websites based out of the United Kingdom have long been offering unemployment betting,
Harrah’s to Enter European Online Gambling Market
As first reported on the Gambling911.com website Friday afternoon, Harrah's will be expanding its presence in the European market as it launches an aggressive campaign to move online and compete wi
Harrah’s Forms Harrah’s Interactive Entertainment to go Online
Harrah's Entertainment, Inc. (Harrah's) announced today that it has established a new subsidiary, Harrah's Interactive Entertainment, Inc.
American Idol Finale Helps Bring Gambling911.com Record Traffic
So far the month of May has been a banner period for the Gambling911.com website, which kicked off with its biggest day since coming online in September 2000. The Kentucky Derby resulted in just
Atlantic City Profits Way Down: Sports Betting a Must
It's more bad news for Atlantic City as the East Coast casino empire witnessed gross operating profits decline by more than 38 percent in the first quarter of 2009.
Judge Might Dismiss Case Regarding Donald Trump’s Net Worth
CAMDEN, N.J. (Associated Press) - Donald Trump is known for putting a positive spin even on news that doesn't seem positive. But there is one way to get him down: Call him a millionaire.
Trump, who says he's a billionaire, is suing the author of a book in which three unnamed sources said Trump's net worth is between $150 million and $250 million. The Donald claims it was malicious, and it hurt his business.
Paddy Power Poker Cans Ciaran O’Leary: Blames Economy
Irish poker pro Ciaran "Big C" O'Leary has been fired as a paid flack for Irish online poker room Paddy Power Poker (http://www.paddypowerpoker.c
The Bellagio, MGM Grand to be Developed in Dubai
The Middle Eastern nation of Dubai will get its own Bellagio and MGM Grand Hotels, two iconic staples of Las Vegas.
Obama Refuses to Meet With Nevada Governor
President Barack Obama has refused to meet with Nevada Governor Jim Gibbons and other key business leaders in the state according to news reports.
Governor Gibbons requested the meeting in a letter to President Obama so the President could address statements he made that were critical to Nevada and have caused economic damage to convention business and tourism business, according to Action News 13 out of Las Vegas.
Gambling911.com Most Wanted for Week Ending May 18, 2009
Who or what company made the headlines this past week on the pages of Gambling911.com as it relates to the gambling industry? Find out as we break down the most popular industry-related stories.<
2009 Preakness Stakes Betting, Traffic Up
Despite lower attendance at Pimlico Race Course, betting on the 2009 Preakness Stakes was way up.
More than $59 million was bet, compared with $45 million last year, John B. Franzone, head of the Maryland Racing Commission, stated. Attendance was cut by 30 percent compared to last year, down to 77,850. Much of this was attributed to a ban on spectators bringing their own beverages.
State racing officials deemed the race a financial success for the state.
Ladbrokes: Online Poker in Australia Very Bad
According to the Interactive Gambling Act, online poker sites geared towards Australian ci
Pacquiao-Hatton Pay Per View Numbers Very Good
There has been much speculation as to why the Pay Per View numbers for the May 2 Pacquiao-Hatton fight were taking so long to be published. This was after all the most bet on boxing much of the y
Paddy Power Moves Into Australian Market
Paddy Power has begun its expansion into the Australian gaming market with its acquisition of a major stake in one of Australia's largest corporate bookmakers.
The company invested €27.2 million in a 51 per cent stake in Sportsbet as part of development strategy to expand into international markets. The acquisition, if approved by regulatory authorities, will be completed at the beginning of July.
Crown Casino Expansion Will Be Massive
Thanks to the Victorian Government allowing Crown Casino to grow in exchange for an estimated $60 million in extra tax revenue over four years came on the day of the Federal Budget
Online Gambling at a Crossroads in Australia
Australia's wagering industry is at the crossroads, reports the Sydney Morning Herald.
Tread Cautiously When it Comes to Online Gambling Bill
The UK press is warning publicly traded UK betting firms that the latest bill introduced by Congressman Barney Frank last week is anything but a sure bet.
Unibet Positive Financial Results Announced
Swedish Internet gambling giant, Unibet, announced positive financial results Monday for the first quarter of 2009 in the midst of a worldwide recession.
Highlights included gross winnings revenue amounting to $31.3 million for the first quarter of 2009, profit of $10.9 mil for this same period and operating cash flow before movements in working capital amounting to $13.5 million. Active customers totaled 314,977.
Vegas Hotel Room Rates Will Increase
With signs that hotel occupancies are going up, MGM Mirage executives said demand for the company's hotel rooms is high enough to warrant an increase in room rates, which have plummeted during the
Delaware House Approves Revised Gambling Bill
USA Today reports that the Delaware legislature took the first step toward establishing sports gambling in the state, approving a bill early Friday morning that was opposed by every major sports le
Las Vegas Sands Losses Mount
LAS VEGAS (AP) - Casino operator Las Vegas Sands Corp.
