Industry News Archive Page 6

Harrah’s Casino Sold

Harrah’s Entertainment (NYSE: HET) is going private. In an astounding $27.8 billion deal (including debt), the world’s largest gaming company has agreed to a takeover by Texas Pacific Group (TPG) and Apollo Management, L.P. By Glenn Haussman
Ceasars Renames Windsor Casino

At a news briefing, reporters were told that the casino will officially change its name to Ceasars Windsor, as it aims to increase the odds of attracting customers from across the lake in Detroit. By Gene Koprowski
Melco Major Success

International gaming company Melco PBL Entertainment (Macau) limited minted money with its initial public offering (IPO) on America’s NASDAQ stock exchange this week. By Glenn Haussman
Hyperlinks to New Internet Casinos

An online gambling review board of online casinos, poker rooms, and sportsbooks, based in Wachtung, N.J., this week launched an online gambling "Link Exchange" program, By Chris Bibey
Casino Fast Revenue Expansion

The Macau market is unyielding in its incredible expansion and the most recent figures available show that the market’s gross gaming revenue grew by 43.9% in October alone, according to the Macau Gaming Bureau. By Glenn Haussman
Online Gaming Friendships

A study conducted by the University of Wisconsin indicates that video gaming is not just pursued by "introverted adolescents," isolated in darkened rooms, causing their parents concern for their social development. By Gene Koprowski
Gambling Stocks Soaring

Prices of the stock of Melco International Development, which trades in Hong Kong, have doubled this year and another Hong Kong stock, Galaxy Entertainment Group, has gone up by 80 percent. By Gene Koprowski
New Online Gambling Sites Approved

Four new online gambling sites have received regulatory approval from the London-based regulatory agency, eCommerce and Online Gambling Regulation and Assurance, bringing to 111 the total number of firms that have received the "Play It Safe" seal from eCOGRA. By Gene Koprowski
Genting Wins Singapore Bid

That’s right; the consortium led by Malaysian based Genting International has been awarded the right to build its integrated resort on Singapore’s Sentosa Island by the country’s government. By Glenn Haussman
Hard Rock International Sold

The Seminole Tribe of Florida is not just getting another piece of the Rock; it’s getting the entire thing. In a major announcement made this morning, By Glenn Haussman
Anti-Gambling Law

The U.S. banking system is not designed to track every transaction -- the source of all wire transfers, or the companies whose bills are paid by consumer credit cards - By Gene Koprowski
Sands Casino Going Online in U.K.

The world's leading casino company, Las Vegas Sands Corp., said this week it is working with Cantor Gaming to launch an Internet casino, initially targeted at the U.K. market, where legalized cyber-gaming has been enthusiastically embraced by consumers. By Gene Koprowski
Riverboat Casinos Rebuild Small Towns

“The riverboat casino project was designed to jump-start distressed river city downtowns,” said Susan Vos, executive director of the Aurora Convention and Visitors Bureau. By Gene Koprowski
Isle of Capri Casinos Revenue Up

While it is one of the smaller U.S. based casino operators and still not profitable, the company has been working on a long term strategic plan to increase their share of the gaming market, while upping their revenue and slicing their financial losses. By Glenn Haussman
Melco Casino To Go Public

Called Melco International Development Ltd, the company is a partnership between Lawrence Ho and James Packer's Publishing & Broadcasting Ltd. Its division Melco PBL Entertainment (Macau) Ltd. will sell 53 million American depositary shares on the NASDAQ stock exchange and hopes to get between $16 and $18 per share. By Glenn Haussman
Iowa Gambling Revenues Growing

Gambling revenues are growing so quickly in Iowa that business leaders there think the funds could be used to pay for an array of "major attractions," including entertainment venues, all over the state. By Gene Koprowski
Study Shows Anti-Gambling Bill

A new study, released this week by a free market think tank in Chicago, said that the Unlawful Internet Gambling Enforcement Act (UIGEA), signed by President Bush last month, is harmful to consumers in the U.S. By Gene Koprowski
Penn in Potential Harrah’s Bid?

Though Penn National has only the fraction of value of Harrah’s at a little more than $3 billion compared to Harrah’s more than $14 billion, the inside scoop is Penn is ready to make a play and enter the casino gaming big leagues. By Glenn Haussman
Downtown Pittsburgh Casino

The proposed Station Square casino in downtown Pittsburgh is being backed by gaming giant Harrah's Entertainment and former Pittsburgh Steelers football star Franco Harris, among other, wealthy luminaries. By Gene Koprowski
Genting Having Record Year

He also added that its operations in its home country of Malaysia will not be affected if the company is fortunate enough to be selected to build and operate Singapore’s second integrated casino resort. By Glenn Haussman
U.K. Open for Poker Players
Posted:2006/11/28
The U.K. government is removing restrictions on playing card games -- including poker for money -- in pubs and taverns. New gambling laws, to be introduced by the government of Prime Minister Tony Blair, next year By Gene Koprowski
U.K. Approves New Casinos
Posted:2006/11/24
The U.K. Gambling Commission said this week that "about half" of the casino owners who have finished applications for new venues before new regulations take effect in April have already been approved. By Gene Koprowski
Gambling Stocks Up by 35 % this Year

Though there was a temporary dip in gambling stocks on Wall Street -- due some political doings in Washington D.C. -- investors continue their torrid love affair with these latest dot-com darlings. By Gene Koprowski
Chicago Bears, Premier Team of the NFC

The early Las Vegas consensus favors The Chicago Bears (9-1) in their match up against the New England Patriots (7-3) by 3 points -- a mere field goal. But I think the Nov. 26 game may be even closer than that. By Gene Koprowski
Mohegan Pocono downs Debuts

Pennsylvania started the holiday season early with the debut of its first casino last week. The slot parlor owned and operated by the folks who run Mohegan Sun in Connecticut, the glittering new Mohegan Sun at Pocono Downs is already raking in big bucks for the state. By Glenn Haussman
Mohegan Sun with Project Horizon
Posted:2006/11/17
Mohegan Sun is setting its sights on Project Horizon, a new $740 million expansion project set to add a new 1,000 rooms, an over arching House of Blues experience plus more retail, dining and gaming space. By targuello
Smoking Banned in NV

As the United States continues its slow march toward going smoke free in public, it looks as if Nevada -- home to Las Vegas -- and possibly Atlantic City could be going snuffing out smoking. By Glenn Haussman
Major Online Gaming Sites Continue to Grow

Research by Nielsen//NetRatings, a leading name in Internet market research, disclosed this week that Web traffic to several popular online gambling sites increased dramatically during the month of October. By Gene Koprowski
Democrats Will Change U.S. Gambling Law
Posted:2006/11/16
According to Centrebet's Chairman and CEO Graham Kelly told shareholders, at the company's annual meeting, that online gambling revenues will continue to rise now that the Republicans are out of power in Washington D.C. By Gene Koprowski
Costner Keeps His Casino

The Supreme Court said he does not have to sell his 93.5 percent stake of the Midnight Star Casino in Deadwood, SD to sever ties with Carla and Francis Caneva. He had hired them to manage the casino but fired them in 2004, offering to buy them out. By Glenn Haussman
New Internet Gambling Legalization

The government of the Caribbean nation of Guyana may enact legislation similar to that in the Bahamas, which will allow casino gambling, and Internet gambling, President Bharrat Jagdeo said. By Gene Koprowski
Louisville Area Legalize Gambling

In Clark County, Indiana voters approved the referendum by "a wide margin" yesterday, after having previously defeated a similar ballot measure in both 1993 and 1995, said Jeffersonville City Council member John Perkins. By Gene Koprowski
No to Harrah’s Casino Scheme