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Gambling Companies
Gambling Companies, Gambling Stocks
DraftKings Outage Could Not Have Come at Worst Possible Time: Refunds Promised
One of the world’s largest daily fantasy sports sites, Draftkings.com, experienced a disastrous power outage on Sunday during Week 12 of the NFL. The company is expected to lose hundreds of thousands of dollars as a result. Worse still, Draftkings.com advertised throughout Sunday’s NFL games.
The issues were deemed as “Connectivity Issues” apparently starting just minutes before the early afternoon games.
Fanduel Joins Forces With Lakers, Draftkings the Broncos and PlayMLF Golden State
It’s been an active week for the fantasy sites teaming up with professional sports teams. We’ve seen FanDuel.com cut a deal with the LA Lakers, Draftkings join forces with the Broncos and PlayMLF.com partnering up with the Golden State Warriors.
DailyMVP.com Hits the Daily Fantasy Sports Market Minus the Salary Cap
The latest installment in the fast growing daily fantasy sector is DailyMVP.com, a site that looks to distinguish itself from the rest of the pack by offering fantasy sports without the salary cap platform found at other sites.
New York Post: Meet the Man Who Makes Six Figures Off Fantasy Sports
“It was the craziest thing,” 24-year-old Brooklynite Mark Guindi tells the New York Post. “I wake up one day, put up a $25 entry fee, and I make 12,000 bucks.”
Golden Nugget Atlantic City Joins Forces With Betfair for NJ Online Gambling
JERSEY CITY, N.J - Betfair, one of the world's leading online gaming operators, has moved its online gaming operation to the Golden Nugget Atlantic City.
Under New Jersey law, online gaming operators such as Betfair must operate under the Internet gaming permit of a land-based casino in Atlantic City. As a result of this agreement, Golden Nugget Atlantic City will now offer two online casinos to those eligible to play in New Jersey, GoldenNuggetCasino.com and BetfairCasino.com, both of which will operate independently under Golden Nugget's Internet gaming permit.
Amaya, PokerStars Parent, Posts Record Profit for 3rd Quarter
MONTREAL – (Canadian Press) - Amaya Gaming Group Inc. posted record results in the third quarter as its revenues and adjusted profit surged following the August acquisition of PokerStars and other online games.
The Montreal-based company (TSX:AYA) beat expectations as its adjusted profit increased 10-fold to nearly $70 million, or 43 cents per share for the period ended Sept. 30. That compared to $6.8 million or seven cents per share a year earlier.
Redskins Enter Into Fantasy Sports Deal With FanDuel.com: More to Come?
The Washington Redskins are the latest professional sports franchise to enter into a partnership deal with a daily fantasy sports website.
Macau Still Hurting in November
Macau gambling revenues appear to be stagnant in the month of November so far following a poor performance in October.
Paddy Power Raises Full Year Guidance on Better Second Half
(Reuters) - Paddy Power Plc said it expects mid- to high-teens percentage earnings per share (EPS) growth this year, up a touch on its prior forecast as sports results rebounded as expected in the second half of the year.
The Irish gambling company saw operating profit fall sharply in the first half on what it described as a "horrific run of sports results" but said that things had already improved by August and that it expected mid-teen percentage EPS growth.
Vice: Online Gambling has Made Many in Gibraltar Very Rich
Vice Media has just got through visiting the British overseas territory of Gibraltar, surprisingly now the fastest growing economy in all of Europe with an unemployment rate around 6 percent. Much of this can be attributed to the online gambling sector.
Bodog Arsenal Sponsorship Deal Could Be Nullified: Premier League Clubs Warned
Premier League clubs have been warned about entering into deals with unlicensed overseas online gambling companies in a move that could cost teams £90m a year in sponsorship revenue.
Japan's Gambling Bill Stalls Following Political Unrest
The push to legalise casino gambling in Japan has stalled once again following a fresh batch of political scandals. Despite Prime Minister Shinzo Abe's desire to have the industry regulated before the end of 2014, it now seems that a new gaming bill won't be passed until the start of 2015 at the earliest.
New Daily Fantasy Sports Sites FantasyDraft.com, DraftHero Debut: Land T.Y. Hilton
Two new fantasy sports sites debuted in recent days: FantasyDraft.com and DraftHero.com.
Taj Mahal to Close in December
(Associated Press) - THE OWNER of the struggling Trump Taj Mahal Casino Resort filed court papers yesterday saying it will close by next month, making it the fifth of the city's 12 casinos to shut down this year.
Trump Entertainment Resorts said in a Delaware bankruptcy court filing obtained by The Associated Press that its board has approved a shutdown of the casino by Dec. 12. It had threatened to close by then if its main union didn't drop its appeal of a court-ordered cost-savings package.
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.
iPoker New Rake Structure Yet Another Deterrent to Grinders
Online poker grinders may be an extinct breed if the current trend of scaring them off is to continue. The world’s third largest poker network, iPoker, has decided to follow in the footsteps of PokerStars by restructuring its rake formula as a means of attracting strictly recreational players. Ahem fellow grinders: Americas Cardroo
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.
NHL Enters Into Multi-Year Exclusive Deal With DraftKings.com
The National Hockey League has just entered into a multi-year exclusive deal with one of the world’s largest daily fantasy sports contest sites, DraftKings.com. The agreement calls for DraftKings.com to become the official daily fantasy sports site of the NHL.
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.
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.
Dan Bilzerian Plays Poker With Mini Me, a Gorilla
Poker playboy Dan Bilzerian recently teamed up with Mini Me star Verne Troyer (“Austin Powers”) and a tuxedo-wearing gorilla named Gerald to shoot a commercial for the online casino group BGO.com.
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.
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.
Bout of Bad Luck, Boosted Revenues Cause Betfair Share Price to Rise
A 22 percent revenue increase to £119m helped share prices rise nearly 3 per cent to £12.46 in early trading on strong second-quarter results.
Much of the rise in revenue directly correlated with strong World Cup results favoring the bookmaker though its active customer base also rose 30 per cent.
Breon Corcoran, Betfair's chief executive, suggested the firm’s focus during the second quarter had been on "maintaining this momentum".
MGM Posts Narrower Losses
(Reuters) - MGM Resorts International posted weaker-than-expected bottom-line results for the third quarter, injure by lower revenue at its China operations.
Shares fell 3.9% to $22 in recent premarket trading. The company has seen traffic increase at its Las Vegas hotels and casinos and has generally done well in Macau. Beyond these core markets, MGM Resorts, like its rivals, is looking to broaden its market in to Japan following momentum in the country toward legalized gambling.
Nevada Sportsbooks had Their Third Best Month Ever: NJ Left Out in the Cold
Nevada sportsbooks raked in $37.27 million from $339.1 million bet during the month of September, making it the third best month in amount won and wagered for the books according to the Nevada Gaming Control.
The sportsbooks enjoyed nearly an 11 percent hold on College Football and NFL bets.
"Sports betting is on a roll," said Nevada Gaming Control senior research analyst Michael Lawton.
Taj Mahal Closing in Atlantic City ‘Inevitable’ Says Icahn
ATLANTIC CITY, N.J. (Associated Press) — Billionaire investor Carl Icahn says the struggling Trump Taj Mahal casino "will almost certainly close."
DraftKings Partners With New England Patriots: First Deal of its Kind in NFL
The popular daily fantasy sports site Draftkings.com has partnered with the New England Patriots. The partnership is a first for any professional football team with an organization operating in daily fantasy sports and it was inked just hours before Thursday night’s game against the Jets.
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.
