Gambling News

  • 02 November 2012

    Kentucky Governor Pushes To Expand Gambling

    Governor Steve Beshear doesn’t beat about the bush. In a Kentucky.com article, he stated “I don’t think it’s any secret that expanded gaming is one of the issues that I think should be addressed by the people of this state. And I am hopeful that we may be able to get a constitutional amendment passed in the upcoming session.” Whether or not it happens will depend on several factors, including approval by Kentucky voters. Since Gov.

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  • 26 October 2012

    Pinnacle Sports Implicated in Illegal Betting Ring; 25 indictments delivered

    Twenty-five people across five states were arrested, and over $7.6 million in cash and chips were confiscated, on Wednesday and Thursday in connection with a $50 million bookmaking operation that may or may not directly involve Pinnacle Sports, a online sports betting site. Of those arrested, three (Brandt England, George Molsbarger, and Stanley Tomchin) are co-owners of Pinnacle Sports.

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  • 25 October 2012

    Zynga Reports Greener Earnings; Eyes Greener Pastures

    Zynga‘s stock jumped an impressive 15% in early trading activity on Thursday due to its announcement that it topped its previously lowered 3rd quarter outlook. Originally reforecasted as between $30 and $305 million, the “Farmville” creator posted a revenue of $317 million this quarter, making it a 3% year-over-year growth. (Read on for numerical analysis of Zynga’s financial results and future).

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  • 23 October 2012

    William Hill Announces Playtech Buyout, Awaits Numbers.

    Several months ago, it was speculated that William Hill PLC could–and probably should–buy out Playtech’s stake in their joint-venture company, William Hill Online. This week, William Hill announced it intended to do just that. Playtech currently owns 29% of the business it founded with William Hill PLC in 2008. At the time, Playtech paid $319.7 million and provided the venture with software platforms and technical solutions.

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  • 19 October 2012

    South Point Poker: Now Hiring

    When you are the first real-money online poker site to launch legally in the state of Nevada, there are a few things you’ll have to do before you open your doors. Take down your free-play online poker site, which you wisely launched a year in advance to create interest and player loyalty. The brief hiatus will be necessary so as not to confuse players during the transition to real money.

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  • 19 October 2012

    WMS expands reach with Betsson and Unibet

    Williams Interactive, the internet gaming arm of WMS, announced this week that it has signed multi-year agreements with Bettson and Unibet. The agreements further beef up the lottery and slot machine company’s online portfolio, and take advantage of the recently acquired Jadestone gaming portfolio, which contains the popular games Wizard of Oz, Reel ‘Em In and Zeus.

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  • 09 October 2012

    The iPad May Reinvent the Reel; Casinos Embrace Portable Technology

    Photograph by Steve Marcus, VegasInc The Global Gaming Expo (G2E) has revealed several thoughts and clues to the future of gambling, both on and offline. Portable and touchscreen technology reigned supreme, highlighting the industry’s movement toward personal interaction and social integration. It’s like offline, online gambling. Portable, accessible, technologically savvy, but rooted within the casino’s very real, very social environment.

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  • 09 October 2012

    Zynga Lowers Expectations; Puts Eggs in Mobile Basket

    Zynga says delayed game launches and disappointing reception of existing games are the reasons it is lowering its revenue expectations for the remainder of 2012. Reaction to the announcement that the company will come in anywhere between $90 to $105 million short has investors scurrying. In a press release, Zynga stated that the 3rd quarter continued to be a challenging one.

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  • 07 October 2012

    Nevada Gaming Control Considers More Licenses

    Three more companies have been recommended approvals by the Nevada Gaming Control Board: Golden Nugget Incorporated Golden Nugget Incorporated applied for a license to host and operate online poker. Having already secured an agreement with Bally Technologies (which has already been approved to supply online poker to its clients), Golden Nugget Inc looks to a successful license bid.

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  • 05 October 2012

    Casino Operators Like the Odds on Online Gambling

    During the Global Gaming Expo (G2E) in Las Vegas this week, several representatives from some of the largest casino operators expressed their confidence in the future of the gambling industry. Continued expansion into global markets like Asia was one reason for the optimism. The other, the bright future of online gambling.

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