Industry News Archive Page 5

In another sign of the international surge of interest in cyber-gaming, London-based Betfair, a leading Internet betting exchange, reported a 30 percent increase in year-to-years sales growth in the year to end April, bolstered by last year's World Cup, experts said.

A new plan to expand gambling in Illinois will provide funds for an array of projects, including more than $200 million in funds to finance public transportation in Chicago, experts said.

An official report released on Wednesday found that 3.5 million people are now regularly betting online in the U.K., a figure that represents a six-fold increase in mere five years.

Gambling revenues in Colorado are growing dramatically, as "gaming towns," including Central City, Cripple Creek and Black Hawk, reported $148 million in gaming revenue for the first two months of the 2007-2008 fiscal year,

Marvel Super heroes – including The Fantastic Four and Spider-man – are now coming to online casinos. Online gambling software developer CryptoLogic Ltd.,

U.S. government officials are saying that they will give the Florida-based Seminole Indian Tribe "expanded casino gambling," an attorney for the tribe said.

Gibraltar-based online gambling firm, 888.com this week reported positive results for the first six months of the year, indicating that the U.S. gaming laws are not harming revenues.

The new governor of Massachusetts, Democrat Deval Patrick, is mulling the legalization of casino gambling in Boston. Returning from summer vacation, Patrick,

MGM Mirage, the entertainment firm, has reached a deal with investors from Dubai World, giving the government-funded group a nearly 10 percent stake in the Las Vegas firm.

Online gaming company 888 Holdings this week posted a significant rise in profits, weathering the storm in American Internet gambling with panache.

Republican Congressman Ron Paul is running for president of the U.S. He's a favorite of the Internet crowd, particularly young people.

An online poker group that operates under the radar in the U.S., PokerStars.com, is advertising on British TV and radio.

Internet gambling backers said that developments in "age verification" software -- now extensively deployed by cyber-casinos in Europe -- make it safe to repeal anti-Internet gaming legislation in the U.S.

Legislators in South Africa are preparing a measure which would legalize, and regulate, Internet gaming there. The bill is now under consideration in the National Assembly.

The world's second-largest casino company, MGM Mirage said profit increased more than Wall Street analysts expected on "higher spending" at its Las Vegas resorts.

As California goes, so goes the U.S. That's an old political maxim. But now it has 21st century, cyberspace relevance. A proposal has been floated to create a state-owned Internet poker game.

New online gambling technologies and rules that are emerging will enable Internet casino operators to create an environment that is safer and more secure than even the best venues in Las Vegas, according to the Safe and Secure Internet Gambling Initiative.

The West Virginia Lottery Commission is still training new government employees to regulate poker and other table games, but it may take until the late fall or early winter of this year for the workers to learn all the new rules and regulations, government officials said.

The always troubled Stratosphere was sold this week along with three other casino resorts. The $1.3 billion deal gets billionaire investor Carl Icahn out of the casino business...

Revenues had set records during 2006 there, and seem set to do so once again this year, experts said.

A new report by the Dublin-based firm, Research and Markets, indicates that Italy is going to emerge as a major gambling center in Europe in the coming years.

The top court of France last week overturned a decision that prohibited a Maltese company from offering online betting on horse races in France.

California Indian tribes will be allowed to triple the size of their casino operations -- as long as they pay the state hundreds of millions of dollars annually in taxes under new legislation Gov. Arnold Schwarzenegger (R) signed this week.

In the case of Humprey v. Viacom, the plaintiff sued the CBS Corporation, and others, alleging that the defendants operated fantasy sports sites in violation of various state gambling laws.

The revenues surpassed the previous record, from last year, by about $171 million, fueled partially by the continued expansion of Iowa's riverboat casino industry.

The forthcoming study will examine not only the lottery system, but the Indian-run casinos in southeastern Connecticut, near New York City, state officials said.

The governor of the state of Kansas, Democrat Kathleen Sebelius, hoping to increase the profitability of state-owned resort casinos and slot machines at racetracks, is creating a new position in her cabinet -- gambling 'czar.'

For the last 10 years, the Prairie Band Potawatomi Nation’s Kansas casino has been run by Harrah's Entertainment. But now, the Indian tribe is coming into its own,

A bill before Congress that would legalize Internet gambling has U.S. companies -- including many of the biggest brands in Hollywood -- all riled up about the possible profit opportunities.

Mountaineer Race Track and Gaming Resort President Ted Arneault strode across the hall at the resort’s convention center, and announced a "massive" victory in the table gambling...

The Isle Casino & Hotel, located in Waterloo, Iowa, built for $175 million, will finally open this Saturday at 7 p.m., debuting one of the biggest and most lavish gambling operations in the Midwest.

The U.S. has been exporting its popular culture for decades overseas -- primarily through Hollywood films and big brands like Coca Cola. Now, America's fastest growing industry, litigation, seems to have taken root overseas.

Las Vegas-based MGM Mirage said today that it has entered into “talks” to build and operate a “multibillion dollar casino resort” on the north end of the Las Vegas Strip with the company owned by South African casino magnate Sol Kerzner.

The U.S. Department of the Interior upheld the legality of the Turning Stone casino's 14-year-old gambling compact with the state of New York, and the Oneida Indian Nation, according to Oneida spokesman Mark Emery. Chief Ray Halbritter scheduled a news brief talk about the decision.

Gambling is growing on the East Coast. But that's not the best news casino owners in Atlantic City have heard in a while.