Business & Financial
MGM Mirage, Bally’s, Wynn, Harrah’s Lose Out During Tough Times
Las Vegas is hurting during these rough economic times. Hotels on the strip have drastically slashed room rates in an effort to compete.
Las Vegas Art Museum Victim of Economic Recession
When one thinks of Las Vegas, usually the last thing that comes to mind is art. But Sin City does have museums...or...let's rephrase that...DID HAVE MUSEUMS.
The Las Vegas Art Museum, Southern Nevada's first fine-arts museum and one of the city's cultural mainstays since 1950, has become the latest victim of a disastrous economy, according to Ken Miller of the Las Vegas Weekly.
The Museum will close the end of this week.
California Legislators Would Speak to 888.com About Online Poker
Sources close to Gambling911.com have reported that legislators in California are so intent on legalizing online poker in that troubled state they are looking to attend an upcoming i-Gaming confere
Jon Kyl Agrees With Barney Frank Regarding Bank Nationalization
Republican Senator Jon Kyl and Democratic House Financial Services Committee Chairman Barney Frank remain on opposite sides of the spectrum when it comes to legalizing online gambling. Kyl calls
Vantis Will be Receivers for Stanford International Bank
The same receivers placed in charge to manage the liquidation of online gambling firm, BetonSports, will now oversee the Stanford International Bank crisis in Antigua.
Federal Judge Orders Forfeiture of $10 Mil From Bodog
A U.S.
Bookmaker Weighs in on Big Three Automakers Bankruptcy Odds
BookMaker.com, the leading online gaming and sports book destination, issued lines today on several of the most talked about financial and entertainment stories of the day.
Online Gambling Disaster Avoided in Midst of Stanford Bank Debacle
Unscrupulous payment processors, stringent new U.S. banking laws and one man's religious position related to gambling may have been enough to avert a catastrophe in the online gambling sector.
The industry it seems has learned from past mistakes not to keep all its eggs in one basket, a good thing considering Antigua's largest bank may be on the verge of folding. Assets are now frozen in Stanford International Bank following an FBI investigation.
Antigua Freezes Assets in Stanford International Bank
Much as they did when one of the world's largest online gambling firms, BetonSports, shut down under investigation nearly three years ago, the tiny Caribbean nation of Antigua has froze all assets
Antigua Plan of Action to Preserve Financial Stability
ST JOHN'S, Feb 18 (Reuters) - Antigua and Barbuda's minister of finance and economy said on Wednesday the twin-island Caribbean state was scrambling to shore up its banking system after potentially
Sparky Collins Shoots Aubrey O’Day
Gambling911.com Cuban transgender reporter, Sparky Collins, has been working New York's Fashion Week, wearing a beautiful sequenced green gown and his Cindy Brady signature pony tail. But it's no
Allen Stanford Fraud Case Could Mar Online Gambling Hub
The tiny Caribbean nation of Antigua has done most things right. They have cooperated with other international governments in order to ensure their banks were in compliance as a means of cracking
Trump Taj Mahal Files for Bankruptcy Protection
Atlantic City is reeling from the current economic crisis and the landmark of its casino strip, the Trump Taj Mahal, has filed for bankruptcy protection. It is one of three hotel casino operation
Republican Senator Jon Kyl Pork: Good for Port Security
In a briefing with several of his colleagues, Republican Arizona Senator Jon Kyl called the Obama Economic Stimulus bill "a stinking, bloated, quivering pile of liberal pork." Yet amaz
Economic Stimulus Package: What Would Jesus Do?
If Jesus had passed an economic stimulus package similar to the one President Obama has proposed, we would still be paying for it. So says 2012 Libertarian Presidential hopeful, Wayne Allyn Root.
Las Vegas Mayor Wants Apology From Obama
Las Vegas' colorful mayor, Oscar Goodman, wants President Barack Obama to apologize for saying that companies shouldn't visit Las Vegas using tax payers money.
"What's a better place, as I say, than for them to come here," Goodman told KLAS-TV. "And to change their mind and to go someplace else and to cancel _ and at the suggestion of the president of the United States _ that's outrageous."
Bernard Madoff Scammed Professional Poker Player
A professional poker player who is in the Poker Hall of Fame is among the thousands of investors who were scammed out of money by con man financial manager Bernard Madoff.
California Wants Legislation Making Online Poker Legal
California lawmakers are working to pass a measure that would legalize online poker. The state, which has been among the hardest hit by the current recession, would welcome some already existing
Las Vegas Deep Discounts Make for an Attractive Vacation Spot
It may seem illogical. Head to Vegas and spend money gambling, dining, checking out the shows. But that's what economic stimulus is all about, getting people to spend....just do so wisely. Du
Bookmaker Not Hurt by Recession: Opening 80 More Shops
Paddy Power, Ireland's biggest bookmaker, plans to expand into Scotland with the opening of 80 more shops by 2011 with a stg£16m investment.
Online Gambling and the Economy: The Media Stimulus
Throughout these trying times, Gambling911.com will be highlighting ways in which a fully legalized online gambling industry can help to stimulate the U.S.
Michael Phelps Might Need to Become a Poker Pro… Fast!
Olympic gold medalist swimmer, Michael Phelps, was dropped by one sponsor this past week following the fallout of his "marijuana" usage at a party this past fall.
Kellogg Co became the first major consumer firm to terminate an endorsement relationship with Michael Phelps. The world's largest cereal maker said on Thursday it would not extend a contract with Phelps, who won 8 gold medals at the Beijing Olympics last summer. The company said the Phelps "bong incident" was inconsistent with its public image.
PartyGaming Sees 4th Quarter Results Sluggish
(Reuters) - Online gaming firm PartyGaming (PRTY.L) said on Friday it expects full-year earnings to beat forecasts even as the strong dollar impacted fourth quarter revenue, which fell 18 percent a
Pennsylvania Wants Video Poker Legalized to Pay for College Tuition
(Associated Press) Gov.
Bad Beat Poker Jackpots Winning Big in Bad Economy
It turns out that in online poker winning really isn't everything.
888 Holdings 4th Quarter Figures Bad, January Good
The online poker craze appears to be going off the boil judging by 888 Holdings's fourth quarter figures, though the online gaming firm said its full-year 2008 earnings should meet
Financial Crisis Not Affecting Poker Pro Shannon Shorr
With all this doom and gloom Gambling911.com has been reporting about poker pros in dire straits due to the financial crisis, it's good to see that young ‘em Shannon Shorr may be taking some time
World Economic Crisis Digs Deeper Into Poker World?
Gambling911.com has reported in recent weeks on big name poker players who appear to be getting hit by world economic crisis.
Super Bowl Betting Down in Vegas: Up Online
The Super Bowl betting numbers are in and the results: A total of $81.5 million was wagered in the state's sports books on Super Bowl XLIII, an 11.5 percent decrease from the game's 2008 handle, ac
Wells Fargo Cancels Trip to Vegas
After intense pressure in the media, Wells Fargo Bank has decided to cancel a highly publicized trip next month to Las Vegas for employees as part of a gambling excursion. Many charged the financ
