Industry News Archive Page 9

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.

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

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

The proposal to build a casino from Harrah’s and the Narragansett Indians was resoundingly rejected by Rhode Island voters in the November 7 ballot initiative proving that throwing money and sketchy promises to voters can‘t buy them off.

The New York Racing Association (NYRA) is seeking bankruptcy protection and it could throw a monkey wrench into MGM-Mirage’s plans to bring thousands of slot machines to Aqueduct Racetrack in New York City.

Internet gambling continues its astounding growth pace, growing by 50 percent every year for the last eight years, and today constitutes 5 percent of all global gaming revenues, a new report indicates.

Indiana opened up its newest and final riverboat casino to much fanfare and celebration last week. For many in the town it’s been a nearly 20 year quest to bring gaming to the town of French Lick and therefore save the community from financial straights.

Republican Gov. Jeb Bush of Florida is leaving office in three months -- due to term limits -- and gambling industry insiders are predicting that there will be a "significant expansion" of slot machines and off-track betting at Indian reservations throughout the state when the next governor comes into office.

A new poll, sponsored by the Mountaineer Race Track and Gaming Resort, shows that a majority of West Virginia residents support legalized "table gaming," including poker and blackjack throughout the state.

Harry’ Island, that’s the name of the proposed US $3.5 billion project that would be based on the fictional character Hurricane Harry.

“Online gambling is on the rise, and there is a need to do something about this at a global level'' Culture Secretary Tessa Jowell told reporters, during a conference outside of London, at a famed, 300 year-old horse racing track.

Voters are heading to the polls next week in Rhode Island to choose whether they want to permit Harrah’s Entertainment and the Narragansett Tribe to construct and operate a major casino resort development in West Warwick.

The U.K.'s cultural secretary Tessa Jowell is this week calling for an "international agreement" on the regulation of online gaming, as leading industrialized powers seek a way around the draconian law against online gaming signed by U.S. President Bush earlier this month.

It’s happened. Though it’s only a fraction in size (less than 29 square km) compared to the world famous Las Vegas Strip, miniscule Macau has usurped the crown of Gaming Capital of the World.

Though an infamous 1998 New York magazine pegged the as mortal enemies, it looks as if Donald Trump and Steve Wynn might be hatching a scheme to do business together in Atlantic City.

A new software program debuted this week which helps online casinos more easily build multi-lingual sites, and settle gambling transactions in a variety of international currencies.

Boyd failed to get a significant Borgata bounce in its financial results for the third quarter 2006, the company announced this week as revenues in all regions failed to excite analysts or stockholders.

A shareholder lawsuit, a report of possible insider trading and the coincidental expiration of a Harrah’s poison pill; what’s the real story?

The conservative Midwestern state of Nebraska -- birthplace of famed American comedian Johnny Carson -- is poised to legalize "Video Keno."

Taxes collected from the city's six licensed operators rose to $1.77 billion during the first three quarters of the year, up from about $1 billion last year, according to statistics released on the Financial Services Bureau of Macau.

Not everyone is happy with the exploding Macau gaming market. While Macau is poised to become even bigger of a gambling haven than Las Vegas, one tycoon is being left out in the cold.

Political betting is not only incredibly popular, but is also being seen by more and more observers as a new and highly accurate means of polling” said Calvin Ayre, founder and CEO of Bodog.com.

Aztar announced it’s shareholders have officially approved the May 19, 2006 Agreement and Plan of Merger with Wimar Tahoe Corporation d/b/a Columbia Entertainment, the gaming affiliate of Columbia Sussex Corporation.

Called "Issue 3," because it is the third voter initiative on the ballot, the new law allows slot machines at the state’s race tracks and at casinos in Cleveland.

This week two of the three gaming companies vying to be selected as the winning bid unveiled their proposals publicly for the first time. No matter who wins, the project is certain to be one of the world’s most expensive and extensive when complete.