It’s a great day if you own a lot of Harrah’s stock–especially if you bought it back in 1998, when it was trading at around $20 a share. The company has reportedly accepted a buyout offer. This breaking news comes from the IHT: Harrah’s Entertainment Inc., the world’s largest casino company, has agreed to a […]
Harrah’s accepts buyout Read More »
news about gamblingThere was a good piece on the coming of slot casinos to Philadelphia in USA Today: Visitors come here to see just one bell — the Liberty Bell. Soon they’ll be looking for a row of them — on a slot machine. Pennsylvania’s 2-year-old state gaming board is to award licenses Wednesday for two slot
Spinning reels in Philly Read More »
news about gamblingThe Casino Windsor–which is about as perfect a name for a government-owned casino as I can imagine–will become Caesars Windsor in a little over a year. Read the details from the Free Press: Hello Caesars Windsor. The gambling palace announced today that it will change its name in early 2008, upping the ante in its
Togas in the Great White North Read More »
news about gamblingDo you want to know the future? Well, thanks to the Spectrum Gaming Group, you can–kind of. Actually, these are trends that are happening right now but will be important to the gaming industry’s growth in 2007. So it’s not crystal ball gazing, but reasoned analysis. From Spectrum Gaming Group: Spectrum Gaming Group, a widely
21 trends for next year Read More »
news about gamblingThe biggest news today might be the lack of news about the Harrah’s Entertainment LBO. From the LVRJ: A meeting that no one will confirm is taking place could determine the direction of the gaming industry’s largest casino operator. Almost 10 weeks after two private equity groups bid more than $15 billion to take Harrah’s
Harrah’s up for grabs? Read More »
atlantic city, life in vegas, news about gamblingI don’t have much time today–I’m off to Mandalay Bay for the LV Marathon expo–but this is newsworthy: Singapore awarded its second casino resort contract Friday to Genting International, whose proposal of a venture worth 5.2 billion Singapore dollars is intended to lure thousands of visitors with a Universal Studios theme park and a huge
Sentosa casino set Read More »
news about gamblingThis is a big story–the Seminole Tribe has bought Hard Rock (but not the Vegas casino). From the AP: The Seminole Tribe of Florida said Thursday it was buying the famed Hard Rock business, including its casinos, restaurants, hotels and huge collection of rock ‘n’ roll memorabilia, in a groundbreaking $965 million deal with a
The new (boneless) buffalo Read More »
news about gamblingSlot machines are wonderful things, if only for their power to transform formerly obscure sites into hotly-debated centers of finance. Seriously. Five years ago, if you had said that the goings-on at a Wilkes-Barre, Pennsylvania racetrack were going to be front-page news anywhere, people would have said you were nuts. Well, thanks to the almighty
Big money at Pocono Downs Read More »
news about gamblingI just love this headline: Tiny Antigua grabs the US by its illegal, online dice. The story is interesting, too: Has the time actually come for Congress to read its own legislation? In the wee hours before Congressmen could head off for their election year recess, they managed to churn out a mound of unread
Antigua v. US: Round three…fight!! Read More »
news about gamblingWill Goa become the Indian Las Vegas, the Macau of Hindustan, or the Atlantic City of Baharat? According to Clickwalla, that might be in the cards: Goa, India’s beach paradise, is set to become the country’s gambling capital after local politicians said the state would allow 10 more floating casinos to operate off its shores.
I don’t have much of a reason for putting this story up, except to prove perhaps that gambling can flourish anywhere. From The Raw Story: Police were searching for Senegal’s honorary consul after finding the consulate in Singapore was doubling as a gambling den packing up to 100 enthusiasts a night, officials said on Sunday.
Consul craps busted Read More »
news about gamblingI’m not a big Stones fan, but I couldn’t resist the title. No, it’s not a typo: there really is such a thing as a baang, and baangs are big business in South Korea. From the Washington Post: When a South Korean police squad cracked down on illegal computer gambling, they did it by literally
All you people who get really worked up over gambling online, click over to the article and bang your chest at the denoument. It’s from Yahoo!News: It was getting late on Oct. 12, the night before a sweeping anti-Internet gambling bill would be signed into law. Paul McGuire was at his computer, enjoying one last
Online poker will go on Read More »
news about gamblingThe Russian State Duma–their version of parliament–voted down a bill that would have created a new regulatory framework for Russian casinos. Existing regulation, it seems, is something of a slapdash affair. From RIA Novosti: The bill’s doom does not mean gamblers and casino proprietors have several more years to enjoy the absence of related legislation,
Russians veto casino bill Read More »
news about gamblingDo you want to know just what the “Unlawful Internet Gambling Funding Prohibition” is? I’ve printed out all 107 pages of the “Security and Accountability For Every Port Act of 2006,” AKA, the SAFE Port Act, and, skipping ahead to page 94, I’ll summarize the relevant bits for you. Section 801 of the SAFE Port
Internet Gambling Prohibition summarized Read More »
news about gamblingAre online poker sites in the United States in the post-ban world, or out? Card Player has a few answers: In the past few days, we have received definitive confirmation that the following companies are not pulling out of the United States: Full Tilt, Bodog, Full Contact Poker, Doyle’s Room and the Doyle Brunson Network,
There’s a very interesting story about Macau from the Independent: The Grand Waldo is a large casino with 168 tables and 334 slot machines, but it also has restaurants, shops, a luxury hotel, spa, nightclubs, a fitness centre, a swimming pool, a children’s playground and, inevitably for a casino targeted at the Chinese, karaoke facilities.
Many people have been writing about the Unlawful Internet Gambling Enforcement act, so I thought it might be a good idea to punch up the actual text of the SAFE Port Act, H.R. 4954, which the House and Senate passed and have forwarded to the president, along with my comments. So what will this bill
UnSAFE for online gambling Read More »
news about gamblingAnyone remember back when 7-Up promoted itself as the Uncola? Wel, there could be marketing gold just waiting to be mined from an unfortunately mistaken casino site. Confused? Read on, from the Detroit News, and all will be clear: Since June, gamblers at the Kewadin Shores Casino and Hotel in the Upper Peninsula have enjoyed
The Island View casino, which is housed in the erstwhile Grand Casino Gulfport, has opened. For now, at least, it’s the only casino in Gulfport. From the Sun Herald: Gulfport is back in the casino business. The Island View opened Monday evening about an hour and a half earlier than planned, giving people time to