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Updated: 54 min 56 sec ago

Former NFL Head Coach Jim Fassel Admits To Following Gambling Lines

Wed, 08/18/2010 - 21:00
The NFL company line is that betting does not drive its sport. Former NFL head coach Jim Fassel, however, has admitted to checking the gambling lines on a fairly consistent basis during his coaching tenure in the league.

Nevada Casinos Seeing Revenue Decline For Third Straight Year

Wed, 08/18/2010 - 21:00
The Nevada casino industry used to be the one that other states looked to as the model. Now, it looks as though Nevada casinos will have declining revenue for the third straight year.

Malaysian Developer Genting Wins Aqueduct Casino Gambling Rights

Wed, 08/18/2010 - 21:00
It has been nine years since New York decided to add slot machines to the famed Aqueduct racetrack. On Wednesday, lawmakers finally agreed on Malaysian gaming company Genting to build the casino and operate the slots.

PokerStars Endorses Online Poker Regulations In The US

Wed, 08/18/2010 - 20:00
Up until today, many online gambling opponents believed that big online poker sites such as Full Tilt Poker and PokerStars were against US regulation. PokerStars has disputed that claim by giving praise to the latest online gambling proposal.

Hall Of Fame Game 2010 Betting Odds: Bengals Favored Over Cowboys

Wed, 08/18/2010 - 20:00
The Dallas Cowboys are one of the favorites to win the NFC this season, but they will start their year as underdogs to the Cincinnati Bengals in the Hall of Fame game 2010 betting odds.

Poker Player Arrested After Spitting Incident While Gambling

Wed, 08/18/2010 - 19:03
The pressure of playing high stakes poker sometimes grows too large for player. That is the case of Mesbah Khaffaji, who was arrested after spitting in the face of a dealer while gambling at a California casino.

UFC Gambling Rising While Fertitta Family Keeps Station Casinos

Wed, 08/18/2010 - 19:03
The Fertitta family received good news on two separate accounts this week with their Ultimate Fight Championship business is thriving, and a judge's decision to allow them to keep Station Casinos Inc.

New Slot: Gold Rush on LadyLucks

Wed, 08/18/2010 - 18:00
The LadyLucks Mobile Casino have released Gold Rush, a new 5-reel slot game. Set during the era of the Wild Wild West, this 5-line mobile slot has a fixed £6,000 jackpot. Gold Rush, which is free to download on LadyLucks, has a bonus feature of free spins that lets a gambler possibly double their winnings. [...]

Hundreds Of Gambling Employees Forced Out Of Work In Alabama

Wed, 08/18/2010 - 18:00
The new school year is right around the corner and 600 residents in Alabama will be out of work after VictoryLand, one of the largest gaming establishments in the state, was forced to close amidst pressure from the governor.

Trade Idea Wrap-up: GBP/USD – Buy at 1.5575

Wed, 08/18/2010 - 17:45

Although cable has retreated sharply in U.S. morning, intra-day rally from 1.5498 to 1.5689 suggests a temporary low has been formed there and downside should be limited to 1.5570/75 (61.8% Fibonacci retracement of 1.5498-1.5689) and bring another rebound.

Trade Idea Wrap-up: USD/JPY – Sell at 85.95

Wed, 08/18/2010 - 17:41

Dollar’s near term sideways trading is expected to continue and as long as support at 85.11 holds, another corrective bounce to 85.69-74 (previous resistance and current level of the flat ground Ichimoku cloud top) cannot be ruled out, however, as broad outlook is still consolidative, upside should be limited to

Trade Idea Wrap-up: EUR/USD – Stand aside

Wed, 08/18/2010 - 17:34

Despite intra-day brief breach of previous resistance at 1.2917, lack of follow through buying and current retreat from 1.2923 suggest consolidation with mild downside bias would be seen and test of the Ichimoku cloud bottom (now at 1.2825 cannot be ruled out, however, only break of 1.2805 support would signal

GBP/JPY - Stalking Pullback after Breakout from Congestion

Wed, 08/18/2010 - 17:09
The GBP/JPY tested the rising support that can be seen in the daily chart below. The daily chart, and the last GBP/JPY update also suggested a rally from here for wave E to complete a consolidation pattern. The 4H chart shows a reversal candlestick combination right at this rising support.

Parents Leaving Children In Car While Gambling Becoming A Problem

Wed, 08/18/2010 - 17:01
It is becoming a scary trend around the US, parents leaving their children in the car while they enter a casino to gamble. The latest episode came Thursday in Pennsylvania.

Premiere League Betting In US May Increase With New ESPN Deal

Wed, 08/18/2010 - 17:01
ESPN has reached an agreement with FOX for the broadcast rights to seventy-four Premiere League matches this upcoming season. The increased exposure of European soccer in the US may lead to a spike in soccer betting in the country.

Ladbrokes’ iPhone App Proving To Be A Huge Success

Wed, 08/18/2010 - 17:01
Ladbrokes, the British betting giant, have released a report on their iPhone sports betting application, which was introduced just before the World Cup. The reports shows that punters are taking up to Ladbrokes’ app in their quantities, over taking some of the other betting apps available on the famous Apple Store. Ladbrokes released their iPhone [...]

Trade Idea: EUR/GBP – Buy at 0.8205

Wed, 08/18/2010 - 16:52

Although euro has retreated after intra-day marginal rise to 0.8282 (yesterday’s high was 0.8281), as long as support at 0.8165 holds, further consolidation would be seen and break of said resistance would bring retracement of the fall from 0.8532 to 0.8305 (38.2% Fibonacci retracement of 0.8532 to 0.8165), above would

Trade Idea: USD/CAD – Short entered at 1.0440 met target at 1.0300

Wed, 08/18/2010 - 16:49

The greenback fell in line with our expectation and our short position entered at 1.0440 finally met indicated downside target at 1.0300 today (with 140 points profit), however, as price has recovered from 1.0273 (held above indicated support at 1.0255-57 61.8% Fibonacci retracement of 1.0108 to 1.0494 and last