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Industry News Archive Page 5
Betfair Reports 30 Percent Sales Growth
Posted: 2007/10/02
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.
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Internet Gambling Grew Six-Fold
Posted: 2007/09/20
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.
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Gambling Growing Dramatically in Colorado
Posted: 2007/09/20
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,
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Feds Plan to Expand in Florida
Posted: 2007/09/13
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.
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Casino Gambling Coming to Boston?
Posted: 2007/09/04
The new governor of Massachusetts, Democrat Deval Patrick, is mulling the legalization of casino gambling in Boston. Returning from summer vacation, Patrick,
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South Africa Legalizing Gambling
Posted: 2007/08/07
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.
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MGM's Reports Increased Revenues
Posted: 2007/08/07
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.
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California Considering Internet Gambling
Posted: 2007/08/03
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.
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Proposed Online Gambling Rules
Posted: 2007/07/31
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.
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Legalized Poker, Blackjack Finally Coming to West Virginia
Posted: 2007/07/27
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.
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Troubled Stratosphere Sold
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...
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California Triples the Number of Indian-Owned Casinos
Posted: 2007/07/14
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.
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Gambling Revenues Soaring in Midwest
Posted: 2007/07/10
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.
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'Czar' To Lead Gambling Expansion in Kansas
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.'
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Indian Reservation Casino Gambling
Posted: 2007/07/04
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,
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Hollywood Eyes Internet Gambling Legalization
Posted: 2007/07/03
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.
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Poker Gambling in West Virginia
Posted: 2007/07/03
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...
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Isle Casino & Hotel Opens this Week in Iowa
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.
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European Union to Sue U.S.
Posted: 2007/06/22
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.
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MGM Mirage and South African Casino Magnate
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.
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Big Victory for Turning Stone Casino
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.
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