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Gambling Companies
Gambling Companies, Gambling Stocks
Forbes on Why Full Tilt Poker Can’t Pay: Massive Theft and US Cash Seizures
Forbes.com reported on Full Tilt Poker’s statement Tuesday elaborating further on why it has failed to pay back customers millions of dollars.
The one-time second largest online poker room in the world claims it was robbed by a payment processor in addition to funds being seized by the US Government on April 15 as part of an investigation into alleged money laundering and bank fraud. They blame everybody but themselves.
The US Government contends FTP can and should pay out its customers, implying these funds should have been segregated.
Number of Active Customers at Paddy Power Already Exceeds All of 2010
Atlantic City Ghost Town as Hurricane Irene Approaches
The US second largest gambling destination, Atlantic City, has been completely evacuated in anticipation for Hurricane Irene.
The storm had weakened to a Category 1 but was expected to bring high damaging winds and a strong storm surge. A storm of similar strength, Hurricane Belle, completely flooded neighboring Long Beach Island in 1976. That system tracked a little further out to sea than Irene’s current forecast track, which takes her right along the New Jersey coast.
This weekend is typically among the busiest for Atlantic City.
DoubleDown Online Casino WildTangent Partnership Means More Virtual Cash, More Players
DoubleDown Casino has just entered into an arrangement with WildTangent to become the first online casino on the social gaming network.
The enormously popular “virtual cash” casino claims 3 million monthly players and more than 750,000 playing every day. It is also one of Facebook’s fastest growing applications.
Online Gambling News August 24, 2011: Betfair Down Under Deal Goes Down in Flames
Online Poker Traffic Sees 3 Percent Drop Off: Bodog Poker Hits 1000 Mark
Last week the online poker industry witnessed another 3 percent drop in traffic.
Nine of the top ten networks saw a drop. Merge Poker was the lone exception, seeing a 4 percent increase in traffic. That network is supposed to begin allowing new US registrants any day now.
Bodog Poker and Cake Poker, both of which accept US customers, enjoyed modest gains as well, “indicating a general resurgence for US-facing sites,” according to PokerScout.com.
The Dikshit May Hit Proverbial Fan and Net Other Founders in Full Tilt Poker
Full Tilt Poker Ship Keeps Sinking: Talks With Potential Investors Fall Through
The now defunct online poker company Full Tilt Poker announced on Monday that discussions with potential investors regarding the purchase of assets have fallen through.
Full Tilt Poker Head of Marketing Resigns Amidst Reports of “Brain Drain”
Second Class Action Lawsuit Filed Against Full Tilt Poker
Yet another class action lawsuit has been filed against the now defunct online poker firm Full Tilt Poker.
Two Canadians, Zayn Jetha and Donald Whelan, are the plaintiffs in the latest action, which was filed in the United States District Court for the Southern District of New York last week.
PartyGaming Bwin Takeover Rumors: Everest Revenue Down 19 Percent
Online poker news for August 19, 2011 has PartyGaming Bwin as a possible takeover target while the online poker network Everest continues to witness a drastic decline in revenues.
Bwin.Party became the world’s largest online gambling company after the two companies merged back in March. Rumors of an entry into the US market have prompted news that Wynn Resorts might be interested in taking over the firm. The UK’s largest bookmaker, William Hill, has also been linked to a potential takeover of Bwin.Party.
Company Files Patent Infringement Lawsuit Against Zynga
With the US Justice Department aggressively seizing domain addresses of companies alleged to be involved in patent infringement, Zynga better be careful.
CEO of Ceasar’s Gary Loveman: “I do Believe There’s a Will in Congress to Correct This (UIGEA)”
In an interview over the weekend with the Financial Times of London, Ceasar’s CEO Gary Loveman said he feels legalized Internet poker will be inevitable in the very near future.
Sportingbet Trading on London Stock Exchange Suspended
One of the largest online sports betting firms in the world, Sportingbet, has suspended trading on the London Stock Exchange.
Jockey Club $10 Million Marketing Free-to-Play Horse Racing Mock Betting Site, Social Networking
The free-to-play poker site model has proven huge and now the horse racing sector is looking to capitalize with the Jockey Club’s $10 million marketing commitment.
PartyPoker Wins Battle for Number Two But War Continues
It didn’t take long but PartyPoker has once again claimed the number two spot among the largest online poker rooms.
Zynga Poker Makes its Google+ Debut in Battle With Facebook Over Online Gaming
The biggest free poker site online for Texas Hold’em fans, Zynga, has made its Google+ debut along with Angry Birds.
PartyPoker Oktoberfest Rake Race Promotion Should Move Online Poker Room Back to Number 2
Some 50 British Bookmakers Shops Damaged During Riots in London, Liverpool
iPoker Overtakes PartyPoker in World Traffic Rankings: First Time in Second Place
For the first time in its history, the iPoker Network has landed in the second place spot of the world’s most trafficked online poker rooms.
