Sportsbook Reviews » Business/Financial

New Online Gambling Company Would Be Worth $3.7 Billion

C Costigan — Fri, 30 Jul 2010 02:15:56 +0000

PartyGaming’s announcement that they will be merging with Austrian online gambling powerhouse has the industry abuzz with excitement. The new company, which is hungry to enter the U.S. market, will be worth a whopping $3.7 billion.

Bwin, PartyGaming Looking to Merge

C Costigan — Thu, 29 Jul 2010 13:38:07 +0000

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Austrian sports betting firm Bwin and the world’s 4th largest online poker company, PartyGaming, witnessed their shares jump Thursday morning following news that the two companies may finally merge following months of speculation.

Las Vegas Sands Corp, Playtech Report Results

C Costigan — Wed, 28 Jul 2010 15:05:38 +0000

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The Las Vegas Sands Corp. consolidated second quarter adjusted property EBITDA increased by 91.2% to record $473.5 million on record net revenue of $1.59 Billion. Meanwhile, the online software and poker platform Playtech also witnessed strong second quarter results with gross income climbing 2 percent from the previous quarter, a result of strong casino and bingo growth.

William Hill Move to Gibraltar a Blow to United Kingdom

C Costigan — Mon, 26 Jul 2010 14:40:24 +0000

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The United Kingdom’s second largest bookmaker, William Hill, is moving its telephone wagering to Gibraltar, citing high taxes on the mainland. The move was well forecast in recent weeks.

Moody’s: Harrah’s Is In Serious Trouble

C Costigan — Mon, 26 Jul 2010 01:54:58 +0000

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Harrah’s may be one of the most recognizable names in the gambling sector. The company, however, is in some serious financial trouble according to Moody’s, which issued this warning last week:

Three Gambling Companies Go Into Liquidation This Past Week

C Costigan — Sun, 25 Jul 2010 14:43:49 +0000

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Three companies operating a sports betting service have this week been ordered into liquidation following an Insolvency Service investigation on behalf of the Government.

William Hill “Worst Ever Royal Ascot” Blamed for Poor Profit Margins

C Costigan — Fri, 23 Jul 2010 16:03:45 +0000

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William Hill continues to hint at moving its telephone business offshore following dismal results over the past year compared to its online arm.

New Jersey Governor Christie Looks To Take Control of Troubled Atlantic City

C Costigan — Wed, 21 Jul 2010 14:55:44 +0000

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New Jersey Governor Chris Christie is looking to completely overhaul Atlantic City and have the state take control of the troubled gambling destination from local officials. The Governor is looking to transpose Atlantic City into a first rate beach/gambling resort city.

PokerStars Appoints Gabi Campos As New CEO

C Costigan — Tue, 20 Jul 2010 14:10:54 +0000

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eGaming Review is reporting that former 888.com Dragonfish head of operations, Gabi Campos, has been appointed CEO of the world’s largest online poker company, PokerStars.com.

Station Casinos Group Not Business As Usual

C Costigan — Tue, 20 Jul 2010 00:54:50 +0000

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The future of the Las Vegas locals casino industry is being decided in a Reno courtroom for the second time in a year.

Boycott BP Facebook Page Deleted: Bookies Back Down Too

Jagajeet Chiba — Tue, 29 Jun 2010 03:49:32 +0000

Facebook community up in arms over Boycott BP page deletion while online bookmakers stop taking bets on BP oil spill crisis read more

Bwin, PartyGaming Merger Talks Still On

Aaron Goldstein — Mon, 28 Jun 2010 14:01:26 +0000

Bwin chairman Hannes Androsch claims he was quoted wrong in suggesting that merger talks between his company and PartyGaming had fallen through read more