Casino | Tribunal Approves Gaming Merger
April 23rd, 2012
The Competition Tribunal’s decision to unconditionally approve the merger between Tsogo Sun and Gold Reef Resorts will see Hosken Consolidated Investments (HCI) move a step closer to realising its long-term ambition of playing a dominant role in South Africa’s gaming industry. The Competition Commission had recommended that the tribunal approve the merger on condition that [...]
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Casino | Macau’s Casinos Rake In Cash From Chinese Who See Gambling As An Investment
April 16th, 2012
“I wanted to invest my earnings,” Yuan explained. Only “fools,” he said, put money in Chinese banks, which offer less interest than the rate of inflation.The 30-year-old merchant spent the next 18 hours playing baccarat at the Golden Dragon Casino. Out of cash after a streak of bad luck, he took a break to pawn [...]
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Casino | Casino Gamble Still On The Table
April 15th, 2012
BOSTON – State legislators are planning another majorattempt at approving casinos, after coming closer than everto passing a bill last year. The new push for expanded gambling comes as Mohegan Sun ispledging to forge ahead with plans for a casino resort inPalmer, and a separate group is proposing a casino forHolyoke. Mohegan Sun reaffirmed that [...]
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Casino | Nepal’s Casinos Get The Axe
April 9th, 2012
Kathmandu, Feb 14 (IANS) After months of a grim battle between Nepal’s communist-led government and the republic’s casinos, where an Indian businessman held major stakes, the death knell finally sounded for the gaming industry with revenue authorities seeking to scrap the licence of eight of the 10 casinos.After a 35-day deadline slapped by a parliamentary [...]
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Online Gambling | New Brunswick Government Considering Online Gambling
April 7th, 2012
The New Brunswick government says it is watching Quebec “with interest” as la belle province branches out from traditional casinos and video lottery terminals into the lucrative world of online gambling.The Atlantic Lottery Corporation has been instructed to conduct preliminary research into the feasibility of an internet gambling site for New Brunswick.While Nova Scotia, Prince [...]
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Online Gambling | Ladbrokes Courts Playtech Online Casino Software For Merger
April 2nd, 2012
Ladbrokes one of the worlds oldest and best known bookmakers has sent feelers out in search content for a possible merger with software giant Playtech. The firm has instructed investment banks UBS and Greenhill to review the possibility of a share based merger with the software provider Playtech. Playtech is the world’s largest publicly traded [...]
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Casino | Dempsey: Little Support In House For New Casino Analysis
April 1st, 2012
HAVERHILL – A proposal backed by the Senate’s top budget writer that would require a detailed cost-versus-benefit analysis before the Legislature takes up casinos again isn’t likely to find much support in the House of Representatives, state Rep. Brian Dempsey said.According to Sen. Stephen Brewer’s proposal, if the study concludes that the cost of expanded [...]
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Casino | Wynn Resorts’ Profit Exceeds Estimates On Opening Of Second Macau Casino
March 30th, 2012
Wynn Resorts Ltd ., owner of the Wynnand Encore casinos, reported fourth-quarter profit that beatanalysts’ estimates after opening a second resort in Macau . Net income of $114.2 million, or 91 cents a share, comparedwith a loss of $5.22 million, or 4 cents, a year earlier, LasVegas-based Wynn said today in a statement. Profit exceeded [...]
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Casino | Casino Talks To Continue
March 29th, 2012
DANVILLE – Despite mayoral candidate Rickey Williams Jr. saying a casino will never come here, Mayor Scott Eisenhauer said he’s not giving up and he’s not been told it’s a “dead issue.”Eisenhauer is going to Springfield this week for Illinois Municipal League matters, but was possibly going to meet with legislative leaders too about the [...]
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Casino | NJ Casino Revenues Down 13.2 Pct In Snowy January
March 29th, 2012
ATLANTIC CITY, N.J. (AP) ” The blizzard of bad news just won’t go away for Atlantic City, which saw its casino revenue fall 13.2 percent in January.Figures released Thursday by the state Casino Control Commission showed the 11 casinos took in $255.4 million, down from $294.2 million last January.The casinos won $164.9 million at the [...]
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