Gambling
More Atlantic City Woes as Revenues Drop
ATLANTIC CITY, New Jersey — (Associated Press) - Atlantic City's casino revenue fell by 4.4 percent in October compared with a year ago.
The casinos took in $207 million, compared to $216 million in October 2013.
But when casinos that have recently shut down are excluded, the surviving casinos saw their revenue increase by more than 19 percent compared to last October, the figures Thursday showed.
China’s Ban on ‘Lewd TV Content’ to Include Gambling, Infidelity and Maybe Harry Potter
Scenes involving murder, one-night stands and extra-marital affairs must now be cut out of live streaming television programs shown in China, most of which originate from the West.
Many foreign TV shows, including American dramas and South Korean soaps, are streamed online in China, the BBC notes. Now the hosting sites are being told to, not only remove any scenes depicting infidelity or murder, but also those involving gambling activity.
Bwin.Party Shares Plunge Thursday in Late Day Trading
Bwin.Party witnessed more than a 12 percent decrease in its share price following a 10 percent rise Wednesday on news that it was in early takeover talks. The price rose slightly Thursday morning peaking at 121.82 before the late afternoon plunge just shy of 104.
The statement issued Wednesday to the London Stock Exchange entitled "media speculation" said:
Connecticut Could See Third Casino
UNCASVILLE, Conn. (Associated Press) — The tribal authority that runs the Mohegan Sun and rival Foxwoods Resort Casino could join forces to operate a third Connecticut casino near the Massachusetts state line to compete with new casinos opening in the Bay State, its chief executive said.
Mitchell Etess, chief executive officer of the Mohegan Tribal Gaming Authory, told The Day of New London it's "very easy" to see a solution drawn up by the Connecticut legislature.
Al Michaels Opens Up About Gambling References During Sportscasts
We all know how much the NFL hates gambling. Don’t tell that to one of America’s top sports broadcasters, Al Michaels.
The NBC sports commentator frequently incorporates gambling references when covering sporting events.
Atlantic City Showboat Casino Sold, Will be Turned Into College Campus
Atlantic City’s famed and now shuttered Showboat Casino has been sold to Stockton College, which plans to convert the property into a satellite campus.
Caesars Entertainment and the college announced the purchase plan on Wednesday. The sale price was not announced, nor was a target closing date released.
Bwin.Party Confirms Takeover Talks
(Reuters) - Online gambling company Bwin.Party said on Wednesday it was in early talks with a number of parties over a "variety of potential business combinations", which could result in an offer being made for the firm.
Shares in Bwin.party, which made the statement in response to recent media speculation, jumped almost 17 percent on the news to 126 pence.
The company has faced pressure from U.S. activist investor Jason Ader's Spring Owl vehicle to shake-up its board, improve its growth strategy and reduce infrastructure costs.
Caesars Shares Plunge on News of 3Q Losses
Caesars Entertainment Corp. on Monday reported a wider 3rd quarter loss than what had previously been expected. The Las Vegas-based company has not been profitable since 2009.
Caesars reported a loss of $908.1 million, or $6.29 per share, for the July-September period. It posted a loss of $761.4 million, or $6.03 per share, in the same months last year.
FBI Defends Ruse to Shut Off to Shut Off Internet in Gambling Case
WASHINGTON – (Associated Press) - An elaborate FBI ruse to shut off the Internet in three luxury Las Vegas suites and then send undercover agents into the rooms to fix the problem was a legitimate law enforcement practice, an assistant U.S. attorney wrote in a court filing defending the practice.
FSU Head Coach Jimbo Fisher Addresses Jameis Winston Point Shaving Allegations
For the first time since reports of a possible point shaving scheme involving FSU quarterback Jameis Winston surfaced Thursday, Seminoles head coach Jimbo Fisher responded to the allegations.
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Bookies Fare Well With Jets, Browns, Ohio State Outright Wins
The three most wagered on sides in Football this past week just happened to all be dogs. Each of these teams also won their respective games, leading to big victories for the bookmakers as well.
By far the biggest of those wins came with the New York Jets beating Pittsburgh at home as a +4.5 underdog.
Australia Cracks Down on Illegal Online Gambling: Easier Said Than Done
Australia is set to become the latest nation to crack down on an Internet gambling sector estimated to be worth upwards of $10 billion ($1.4 billion of which can be made in Australia).
The Sydney Morning Herald reported Thursday that a working group targeting unregulated Web betting firms will be formed as part of the government’s gambling industry advisory council. Premier Denis Napthine and federal Minister for Social Services Kevin Andrews will be assigned to oversee the council.
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UAB Conducts Its Own Investigation Into Jameis Winston Gambilng Allegations
The University of Alabama-Birmingham is conducting an investigation into one of its players after reports surfaced last week that FSU star Jameis Winston may have taken part in a point-shaving scheme.
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Gambling Industry Spent $14 Million to Defeat Ballot Question in Mass
BOSTON (Associated Press) -- Casino companies and their supporters spent nearly $14 million in their successful campaign to defeat a ballot question on repealing the state's casino law.
Campaign filings submitted this week show more than half of that spending -- $7.6 million -- came in the days leading up to the Nov. 4 election, thanks to major contributions from the state's three licensed casino operators: Wynn Resorts, MGM Resorts International and Penn National Gaming.
Courier-Journal on Winston Alleged Point Shaving: ‘Knack for Knucklehead Behavior’
One of the most respected newspapers in the US, the Louisville Courier, has now picked up on the alleged point shaving scheme involving FSU star Jameis Winston.
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ESPN Delving Into Jameis Winston ‘Point Shaving’ Rumors
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Online Gambling Site Fined by New Jersey Gaming Enforcement Division
ATLANTIC CITY – (Associated Press) - Authorities have fined an Internet gambling firm $10,000 for soliciting more than 250 people who voluntarily excluded themselves from gambling in New Jersey.
State Gaming Enforcement Division spokeswoman Kerry Langan tells The Press of Atlantic City the fine against Caesars Interactive Entertainment is the first imposed since New Jersey launched online gambling last year.
Casinos and online operations are forbidden from sending promotional materials to gamblers who voluntarily ban themselves.
Thomas Vanek Reportedly Target of Extortion Attempt by Local Gambling Ring
Reports surfaced this week that National Hockey League star Thomas Vanek may have been the subject of an extortion attempt by a local gambling syndicate.
California Indian Tribe to Offer Online Gambling in New Jersey Through Borgata
ATLANTIC CITY, N.J. — (Associated Press) - New Jersey gambling regulators have approved a California Indian tribe's request to offer Internet gambling in conjunction with Atlantic City's top casino.
The state's Gaming Enforcement Division has authorized Pala Interactive to team with the Borgata to offer online gambling in New Jersey.
The Pala Band of Mission Indians will be the first Indian tribe to engage in online gambling in New Jersey. The enforcement division signed an order approving the arrangement last Friday.
Casino Expansion Plans Get Voter Approval in Three States
Five states featured amendments to expand casino gambling within their borders during Tuesday’s midterm elections and three of those initiatives received better than 50 percent of the required vote.
888 Sees 22 Per Cent Jump in Q3 Revenue
(Reuters) - 888 Holdings Plc shares rise as much as 5.4 pct, among the top performers among UK midcaps, after issuing an upbeat outlook.
** Online gambling company says expects full year adjusted EBITDA ahead of current analyst consensus.
** 888 posted a 22 pct jump in Q3 revenue driven by a strong performance in its casino games.
** Investec Securities, which rates stock a "buy" , says all areas are performing well, but casino, in particular is way ahead, with Q3 revenue up 23 pct.
** Up to Monday's close, the stock had fallen about 25 pct this year.
NetWest Bank Manager Who Used Pensioners Funds to Play Online Poker Sentenced
A Natwest manager who skimmed £185,000 from pensioners' funds to help fuel his online poker addiction has been sentenced to 15 months prison time.
Glenn Mason managed a bank branch in Kent for many years before the improprieties were uncovered.
Macau Gambling Revenue Falls 23 Per Cent in October: Worst Ever
(Reuters) - October was the worst month on record for casino revenues in the world's biggest gambling hub Macau as China's pervasive war on corruption, combined with fewer tourists and slowing economic growth, dampen the appetite to wager.
Gambling revenues for the month fell some 23 percent year-on-year, the sharpest drop since the former Portuguese colony started keeping records, government data showed on Tuesday.
William Hill Bookmaker Under Investigation: Denies Unlawful Activity
Britain’s biggest bookmaker, William Hill, has voluntarily suspended one of its call centers following the launch of an investigation into alleged unlawful activity.
The Philippines National Bureau of Investigation will conduct the probe at the Manila center.
The bookmaker insists it has not engaged in any unlawful activities.
Macau October Gaming Revenues Set for Worst Drop on Record
Nov 3 (Reuters) - October is set to be the worst month on record for casino revenues in the world's biggest gambling hub Macau as China's pervasive war on corruption, combined with fewer tourists and slowing economic growth, dampen the appetite to wager.
Gambling revenues for the month are expected to have fallen some 20-23 percent year-on-year, analysts say, the sharpest drop since the former Portuguese colony started keeping records.
Monmouth Racetrack Hopes for Legalized Sports Betting in NJ by Month’s End
OCEANPORT, N.J. (Associated Press) — Monmouth Park Racetrack is hoping sports gambling will save itself from the slow extinction facing much of the horse racing industry — a wager that could have a big payoff if New Jersey can successfully fend off the opposition of the Justice Department, the four major pro sports leagues and the NCAA.
