Industry News Archive Page 7

The race is on for chance to secure the contract to manage three of New York State’s most prestigious racetracks, and it looks like casino luminary Steve Wynn is throwing his hat into the competition.

The Eastern European nation of Poland this week said it is moving forward with plans to license and regulate online gambling.

The online betting market in the Czech Republic is growing, with revenues reaching $190 million last year. The Czech wagering market is dominated by firms like Tipsport, Fortuna, Chance and Synot,

It’s official. Macau is now the world’s biggest casino market, putting Las Vegas into second place. And it’s expected as the Macau market continues to mature Sin City will fade fast in revenues...NOW

The New York gaming scene is getting bigger. After 18 months of construction, the Seneca Nation of Indians has opened a glittering new $160 million casino resort featuring a luxury hotel and more than 65,000 square feet of gaming space.

It looks like Dorothy and Toto are going to get a chance to roll the dice. This week the Kansas legislature authorized legalized casinos outside Native American reservations

Online poker and casino gambling advertising is expected to soar substantially this fall in the U.K. -- as deregulation of gambling moves forward there.

After an abbreviated debate, the West Virginia legislature has signed into law an option for individual counties with existing racetrack casino facilities to permit table games.

A leading liberal Democrat in the U.S. House of Representatives, Rep. Barney Frank (D-Mass.), is indicating he will give details "in the coming weeks" on possible legislation...

When the Bellagio opened in October 1998, it immediately became the most sought after property on the Las Vegas Strip. Built for $1.6 billion it was the most expensive casino resort ever constructed at that time.

A proposed law introduced this week in the Texas State Senate will let voters determine whether 12 new casinos should be built across the Lone Star state.

Internet gambling site operator BWIN Interactive Entertainment AG said this week it has made a “preliminary” takeover bid for famous rival Sportingbet PLC.

A San Diego-based company has issued a report indicating that corporate computer networks are likely to be severely slow this month

Government-run online gambling sites in the European Union no longer have a monopoly -- as a court this week overruled a law Italy used to keep out foreign Internet gaming firms.

Racetracks in West Virginia will pay an additional on percent of net profits for the privilege of offering table gambling under legislation passed by the state's Senate Finance Committee.

Calvin Ayre and company have finalized the move to Antigua. Bodog.com purchased Antigua-based BetCorp PLC's in November 2006, and in just a few months has relocated the leading online gambling firm from Costa Rica.

The online gambling market in Spain is expanding rapidly, and experts anticipate that it will surge to around $5 billion by 2010, according to a new industry report.

U.K. Chancellor of the Exchequer Gordon Brown -- his country's secretary of the treasury --is poised to reveal a plan in his budget next month to encourage the online gambling industry, according to experts.

There was a time when the Catskills in upstate New York was teeming with all-inclusive resorts. Places such as the Concord, Kutscher’s and Grossinger’s were frequented for long weekends,

The provincial government of Alberta may be on the verge of embracing Internet gambling, according to experts. An Indian tribe, the Alexander First Nation, located just north of the city of Edmonton,

A British Internet gambling company, 888 Holdings PLC, said last week that full-year net gaming revenue rose seven percent after clients gambled more and the company won new customers

In a move to protect itself from the emerging Philadelphia gaming market, West Virginia looks like it will approve table games as early as later this week.

Major new online gambling sites launched last week, including one owned and operated by Playboy Magazine, demonstrating that the online gambling industry, far from being crippled by the Unlawful Internet Gaming Enforcement Act (UIGEA) continues to grow.

The online gambling standards and player protection authority -- London-based eCommerce and Online Gaming Regulation and Assurance (eCOGRA) group

Macau is continuing to be magic for the Las Vegas Sands Corporation. The company that successfully brought a touch of Italy with its massive Venetian casino complex to Las Vegas...

Visits to online gambling Web sites by employees of ScanSafe's U.S. customers -- major corporations -- were up 77 percent in the week between Jan. 23 and 31.

The ruling has not been made public yet, but a spokesperson for the U.S. Trade Representative's office confirmed that the decision was against the U.S.

"The popularity of entertainment odds has grown by leaps and bounds in recent years and award shows have always been a big draw," said Calvin Ayre, Bodog.com founder,

An article in this week's issue of Science magazine reports that UCLA psychologists have discovered how the brain evaluates the possibility of winning versus losing when making gambling decisions.

Hooters’ is turning out to be anything but a hoot for its investors. The casino, which opened just nine months ago on the site of the former San Remo, has had profits skimpier than its staff’s uniforms and has lost millions since its opening.

Virgin Group guru Richard Branson has his eyes set on getting a piece of the rapidly expanding Macau gaming market. Reports say that the entrepreneur is set to acquire a 50 acre (20-hectare) site in order to build a $3 billion casino resort complex.

Neteller's position as a publicly traded British company forced it to stop handling U.S. betting transfers as of the end of last week.

According to Amy Gomez, 777.com's marketing director, following requests from Japanese gamblers, who vocalized a need for a Japanese version of the gambling site.

Next week, interXgaming will host a special forum Freeroll challenge to honor the winners of 2006, and set the tone for the New Year.

According to GigaMedia, the company will buy up to 18.3 million shares of T2CN, which is approximately 40 percent of the shares outstanding, subject, of course, to adjustment based on T2CN's performance in the first half of 2007.