In nearly identical statements on Friday morning, it was revealed that merger talks between the British bookmaking operation Ladbrokes and the online gaming conglomerate 888 Holdings have been terminated. The two companies released similarly worded statements through the London Stock Exchange on Fri [...]
Poker Stocks
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Ladbrokes, 888 Holdings Discontinue Merger Discussions

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Gigi Levy Out as 888 CEO

Over the weekend, 888 Holdings surprised many in the industry by announcing the resignation of its Chief Executive Officer, Gigi Levy. In a brief statement to shareholders on Saturday, 888 Holdings Chairman Richard Kilsby simply announced, “After a difficult first half of 2010, the Company has exp [...]
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Party Gaming, bwin Merger Completed

The merger between two gambling giants was completed on Thursday, as Austria-based bwin and U.K.-based Party Gaming formed to create the world’s largest listed online gambling company. bwin.party digital entertainment began trading Thursday with an opening share price of £1.94. The new London [...]
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Caesars Palace Dealers Reject Tip-Sharing Policy

According to a report by the Las Vegas Sun, dealers at Caesars Palace have overwhelmingly voted down a labor contract that included terms requiring them to share tips with casino management. The provision would have been similar to the policy that the Wynn Las Vegas put into effect five years ago. C [...]
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bwin Revenue Up 15% in 2010

Online gaming giant bwin released its quarterly and yearly financial results Wednesday, showing slightly decreased numbers for the quarter, but solid increases across the board for the 2010 fiscal year. During the final quarter of 2010, bwin saw gross gaming revenues decline 1.6% from the third quar [...]
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Party Gaming, bwin Merger to Be Completed on March 31

Party Gaming and bwin announced on Tuesday that their proposed merger is expected to be completed on Thursday, March 31 after the Vienna Commercial Court formally entered the merger into the companies’ register this week. The merger, which would create the world’s largest gambling company un [...]
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Sahara Las Vegas to Close in May

It’s not every day that a casino closes its doors. Sure, sometimes a gaming establishment is knocked down to pave the way for a brand new mega-resort, but this isn’t one of those times. The Sahara Las Vegas, once the home of icons like Johnny Carson, is closing in May. This author fondly remembe [...]
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Caesars Entertainment to Partner with 888 in U.K. Market

On Wednesday, the Nevada Gaming Control Board approved the groundwork of a partnership between Caesars Entertainment and gambling giant 888 Holdings that could potentially change the legal landscape of online poker in the state of Nevada. According to a report from the Las Vegas Sun, Caesars formed [...]
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888 Posts 18% Revenue Growth in Q4 2010

Recently, 888 Holdings PLC, which operates several online gaming and poker websites, released its fiscal year 2010 reports that showed tremendous growth over the previous 12 months. According to the report, the fourth quarter of last year continued a yearlong surge by the company. For the last three [...]
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Neteller Parent Company Changes Name to Optimal Payments

In recent days, the ownership behind the payment processor Neteller officially announced several changes, including the name of the company. NEOVIA Financial PLC formally announced on Friday that the Companies Registry of the Isle of Man had approved its name change. Effective immediately, the compa [...]
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PartyPoker Revenues Decline by 9% in 2010

On Thursday, Party Gaming released its financial results for the year 2010 and reported a 15% increase in revenue over 2009′s numbers. The company, which operates PartyPoker as well as online casino games, sports betting, and bingo, earned €357.3 million ($498 million) in 2010, compared to â [...]
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Party Gaming May Be Inking Deal with U.S. Casinos

Rumors out of the recent International Casino Exhibition (ICE) conference, which was held in late January in London, seem to point to a new era in online gaming in the United States – if and when the government legalizes and regulates online gaming. According to an article from the Daily Mail [...]
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Ongame Network May Be Sold Following Party Gaming, bwin Merger

With the impending merger of bwin and Party Gaming come discussions between the two companies of what exactly to do with their online poker networks. Many had simply assumed that the networks would be combined and one company’s software platform would be used, but now, according to eGaming Rev [...]
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888 Reports Fourth Quarter, Yearly Growth

Online gaming firm 888 Holdings PLC reported its fourth quarter 2010 financial results on Monday, bringing to a close another successful year. For the quarter ending December 31st, 2010, total operating income across all of 888′s business units was $71 million, an increase of 18% when compared [...]
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Full Tilt Poker Service Provider Adds 100 Jobs in Ireland

An Irish newspaper is reporting that a company associated with Full Tilt Poker, the second largest online poker operation in the industry, has shown tremendous expansion over the past two years and will add even more jobs in 2011. The article, which appears in the Irish Times, states that Pocket Kin [...]
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Party Gaming and bwin Shareholders Approve Merger

Shareholders of Party Gaming and bwin Interactive Entertainment voted on Friday to approve the merger of their two companies, forming the largest online gaming business in the world. The new company will operate with its existing brands under the name bwin.party Digital Entertainment plc in which cu [...]
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Gibraltar Raises Taxes on Online Gambling Companies

The British territory of Gibraltar has announced that it will be drastically inflating its taxes on all online gambling firms starting in January, a decision that could prove costly for several online poker sites. Online gambling companies are currently paying just a 1% tax in Gibraltar, with a ceil [...]
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Devilfish Poker Sold to The Weather Lottery

After several years of solo operation, Devilfish Poker has been sold to an English gaming group in an effort to expand that company’s profile further into the online gaming world. The sale was announced prior to the Christmas holidays. The Weather Lottery offers lotto operations as a method of fun [...]
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Party Gaming and bwin to Retain Brands Following Merger

In recent days, Party Gaming and bwin announced merger plans to form a giant gambling group that could become effective toward the end of the first quarter of 2011. The merger, which had long been rumored before the companies signed an implementation agreement in July, is expected to create the worl [...]
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Pennsylvania Gaming Board Revokes Foxwoods Casino License

Pennsylvania gaming authorities revoked the gaming license of a Foxwoods casino project in Philadelphia late last week, leaving lawmakers distressed over a potential blow to the city’s financial plan. The Pennsylvania Gaming Control Board, fed up after countless delays on the project, voted 6- [...]
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Ladbrokes, 888 Revisit Merger Talks

Four years ago, Ladbrokes and 888 Holdings had a merger deal in place. Four months later, the deal was off. Now, as the calendar is about to read 2011, the Financial Times reports that discussions have been rekindled, as Ladbrokes is considering a bid for its smaller rival. The offer would repor [...]
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Caesars Entertainment Enters Joint Venture with Microgame.it

Looking to expand its brand further into the global marketplace, Caesars Interactive Entertainment (formerly Harrah’s Interactive Entertainment) has entered into a joint venture with one of Italy’s top online poker companies, Microgame.it. In an announcement last Friday, Caesars Interactive and [...]
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Party Gaming Founder Anurag Dikshit Receives One Year of Probation

In breaking news, Party Gaming co-founder Anurag Dikshit, who admitted to violating the Wire Act of 1961 two years ago, was sentenced to one year of probation by a New York court, according to Forbes. He has also coughed up $300 million and “agreed to cooperate in an ongoing investigation with Fed [...]
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Moneybookers Rebrands as Skrill

In a move that has many customers scratching their heads, the e-wallet service Moneybookers has rebranded as Skrill. Visitors to the popular online e-wallet found an interesting announcement on the company’s website upon arriving last week. Under a banner that stated, “We simply thought it was t [...]
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Harrah’s Entertainment Cancels Initial Public Offering

Harrah’s Entertainment, which owns the rights to the annual World Series of Poker (WSOP), has canceled its initial public offering, or IPO, according to a statement released by the company on Friday. The fairly short announcement read, “Harrah’s Entertainment, Inc. today announced that it [...]

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