Online gambling poised to pull $528bn
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US shuns cash cow Internet gaming is now the fastest growing segment of internet commerce, according to a report from Gamingpublic.com, an industry trade publication. Revenue in the sector is growing at a rate of 22 per cent per year.â¦
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The Ryder Cup has attracted an avalanche of betting in Britain and Ireland with one punter wagering a staggering 347,000 pounds (660,000 dollars) for a US win over Europe.
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A POTENTIAL Â£12 million tie-up between British internet gambling group Betfair and Australiaâs richest man, Kerry Packer, is under threat following last weekâs high-profile horse-racing arrests.
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MAKYBE Diva, the shortest-priced favourite to win the Melbourne Cup in 50 years, inspired a record $126 million betting frenzy on the nation&#39;s TABs today.
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The U.S. governmentÂs move to criminalize the processing of online wagers led to a Black Mondy for the online-gambling industry.
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Shares in UK online gaming stocks lost more than half their value on Monday after U.S. Congress approved a bill to ban Internet gambling, with PartyGaming  plummeting 60 percent in early trade.
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Rolling the dice at a craps table or  wagering a paycheck playing poker may not be the most rational  use of money, but one casino operator is hoping investors will  find its stock a better bet.
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MELBOURNE (Dow Jones)--Fresh from two major acquisitions, Australia&#39;s biggest gambling company Tabcorp Ltd. (TAH.AU) Thursday said annual net profit rose 23% to A$311.
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Online gaming group PartyGaming Plc and rivals Sportingbet and 888 warned on Monday they would be hit by legislation aimed at preventing gambling in the United States over the Internet.
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American casino operators are planning a 5 billion pound (7.2 billion euros, $9 billion) punt on Britain becoming the gambling mecca of Europe.
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Endless money forms the sinews of war, Cicero once said, but it may also be the dividend of peace -- especially for gamblers who can now place bets online on the person or organisation they think is going to be named the 2004 Nobel Peace Prize winner on Friday.
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Private equity firms have found a new business where they can place their multibillion-dollar bets: gambling.
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Online gaming stocks were set to plummet at the start of Monday's session, with PartyGaming  expected to fall as much as 40 percent, after U.S. Congress approved a bill to ban Internet gambling.
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LONDON - Video game and mobile phone companies are set to rake in the cash this year as customers use phones to zap space invaders or sink game-winning golf putts, pushing the mobile gaming market over US$1 billion (NZ$1.
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Online gambling has hit the jackpot. After years of escalating growth, it's poised for its biggest year. That reflects a growing obsession with poker, advances in broadband and wireless technology, and the temptation to strike it rich from a PC.
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Last weekend, when the U.S. Congress  passed a bill making it illegal for banks and credit-card  companies to make payments to Internet gambling sites, a legion  of online gamblers were sent scrambling to find new ways to  place their bets.
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Half-year profits at online gambling firm Partygaming are wiped out, after it was forced to stop trading in the US.