Earnings for the quarter ended June 30 jumped to us$ 272 million
(US).- Wynn Resorts Ltd. reported this week that its second-quarter earnings more than tripled compared to last year due to a hefty tax benefit and strong revenue growth at the Las Vegas-based casino operator’s Macau property.
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(Canada).- Justice Minister Rob Nicholson says this week that he would be open to the idea of legalizing sports gambling in casinos. The move would be a direct reaction to dwindling revenue in casinos in Canada.
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| Minister of Justice said issues are complex and require further detailed analysis |
Irish gaming committee pushes forward with proposals
(Ireland).- Thirty-two recommendations, that will have significant public policy implications regarding the future of many aspects of gaming and betting in Ireland, have been outlined in a report from the Casino Committee Regulating Gaming in Ireland.
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| There are 241 licensed cyber cafes in the state |
Malaysia cracking down on online gambling
(Malaysia).- In Malaysia, the government for the northern state of Perak has announced that it will to start cracking down on cyber cafes that provide online gambling facilities with immediate effect.
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| The plan is to restore an iconic building on the promenade in Montevideo |
Sofitel bets on Uruguay casino license
(Uruguay).- The winner of the tender for the management of the proposed Casino Carrasco Hotel in Uruguay will be known this month. One of the bidders, Sofitel, part of the French hotel group Accor, has proposed an investment of us$ 60 million.
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| It currently guarantees more than us$ 16,000,000 in monthly prizes |
Titan Poker now in Russian
(Russia).- Popular online poker room on the iPoker Network, Titan Poker, is now offering its software, its website and its support services in Russian, upping its availability to players from across the globe to twelve different languages.
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| On August 7-8 in Lima |
Astro Corp will be present in Peru Gaming Show
(Peru).- Sean Chang, Executive Vicepresident of Astro Corp, announced that they will present high-resolution slots in Peru Gaming Show, such as Knock Down, The Flagship, Golden Empire, Dragon Saga, Shangai Tycoon, Convoy, Arabian Legend and Caribbean King.
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| The state-owned bookmaker has more than 4,000 employees and over 540 shops |
UK government says Tote sale possible by Autumn
(UK).- British Sports Minister Gerry Sutcliffe said in Parliament that the government has began preparations for a possible open market sale of the state-owned Tote this autumn, while at the same warning that market conditions would have to be right for the sale to proceed.
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(US).- Gtech Corporation’s video lottery subsidiary, Spielo USA, has been selected by the Delaware State Lottery to provide Alfastreet R8 multi-player automated roulette stations for the three gaming venues in the state.
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| Including 27 gaming clubs and 1300 machines |
Ritzio became the largest gaming provider in Belarus
(Belarus).- Ritzio International reported that the company has become the largest gaming provider in Belarus, heading the market with a record number of venues and gaming machines.
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| The new president is receptive to casinos on the island |
SIGA to run Taiwanese casinos
(Taiwan).- The Saskatchewan Indian Gaming Authority (SIGA) may have hit the jackpot in Taiwan with a deal worth up to us$ 600 million a year for 25 years, the StarPhoenix has learned.
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| The project also entailed the restoration of museums in Babylon |
Firms look to open casino in Saddam´s palace in Iraq
(Iraq).- Iraq’s investment committee is studying projects proposed by US and Russian firms to turn Saddam Hussein’s palace near the site of ancient Babylon into a tourist site with a casino, an Iraqi paper said.
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| Antigua had accused the US of crippling its gambling industry |
New deadline in Antigua / US talks
(US / Antigua).- The online gambling feud between the US and Antigua is set to continue for at least several more months following the arrival of an American trade delegation to the tiny Caribbean nation last week for another round of talks.
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| Acrosser´s ACE line of products was developed specifically for the gaming industry |
Suzo-Happ Group and Acrosser team up
(US).- Suzo-Happ Group announced that they have been appointed as a distributor and representative for Acrosser Technology gaming products in the USA, Canada, Central and South America. Acrosser, established in 1987, is a leading global supplier of industrial computing hardware for the gaming and amusement industries.
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| Penn to receive us$ 1.475 billion |
Penn National Gaming and PNG Acquisition Company terminate merger agreement
(US).- Penn National Gaming announced that it entered into an agreement with PNG Acquisition Company, an entity indirectly owned by certain funds managed by affiliates of Fortress Investment Group and Centerbridge Partners to terminate the proposed merger agreement whereby Penn National Gaming was to be acquired by PNG Acquisition Company for us$ 67 per share.
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| Lawrence Ho, Packer partner, said |
| Macau casinos to grow 70% in 2008 |
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| (Macau).- Macau gambling revenue is growing "too fast" to avoid Chinese government stepping in with curbs such as visa and license restrictions, says Lawrence Ho, chief executive of Melco Crown Entertainment, a joint venture between Ho and James Packer. Gambling revenue will grow 70% in Macau this year, accelerating from 50% growth in 2007, Ho said. |
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| Once again, Buenos Aires in the eye of the storm |
| Argentina, a history of exhibitions and disagreements |
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| (Argentina).- Once again, Buenos Aires is in the limelight: this year, two trade events dedicated to the gambling sector will be held at the same time in this city, reminding a well known history for many of us, with the dispute that divided the industry in 2003 and 2004. Yogonet analyzes the phenomenon of the events in Buenos Aires, trying to explain something that is simply incomprehensible for many people. |
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Next Generation in Gambling 2008
July 29-30, 2008- Palais de Congres- Montreal- Canada
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Perú Gaming Show
August 7th & 8th, 2008
Lima, Perú
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Australasian Gaming Expo
August 24 -26 2008
Sydney, Australia
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| see more |
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