Business/Financial
Gambling Business: James Packer Won’t Pursue Vegas Again
The sharp as a sharks tooth James Packer has dismissed a return to the the embattled and politically red hot American gaming market. At least, for the near future, but never say never.
The likable executive chairman of Crown Limited issued the statement in the hard to forget aftermath of the firms horrendous AU$3 billion (US$2.99 billion) expansion into the United States before the global financial crisis. You know, the one that George W's leadership saw in, and the same one that Barack Omama inherited.
Ho Family Reaches Settlement Over Macau Gambling Empire
A weeks long feud over the Macau gambling empire of billionaire tycoon Stanley Ho has come to an end, at least for now.
Subway to Hold its Title as Largest Fast Food Chain Says Oddsmakers
Betfair the Latest Online Gambling Firm to Move off British Shore
Revenues Way Up At PartyGaming
PartyGaming has reported a huge rise in revenues for the year 2010.
Revenues rose by 15 percent from 2009 to €357.3m (£300m) to €310.1m, with casino revenues jumping to €151.4m from €136.3m, bingo revenues more than doubling to €51.4m from €22.8m and sports betting climbing to €20.8m from €13.2m. Poker revenues fell to €124.8m from €136.8m. Pre-tax profits fell to €43.8m from €57.4m.
Sands Las Vegas Under Investigation for Allegedly Taking Bribes
Shares in Sands Las Vegas were down 7 percent on news that the company is under investigation for allegedly taking bribes in Macau.
Tingle: Australia And New Zealand Gaming Stocks; Beancounter Special
Caesars Posts $196.7 Million Loss as Atlantic City Gambling Revenue Falls
By Beth Jinks
(Bloomberg) - Caesars Entertainment Corp., the world’s biggest casino company, reported a fourth-quarter loss after cost cuts and the acquisition of a Las Vegas casino failed to offset declines in Atlantic City, New Jersey.
William Hill Granted Injunction Against Playtech
The United Kingdom’s largest bookmaker, William Hill, has been granted an injunction against one of online gambling’s largest software providers, Playtech.
$87.5 Million Bet On This Year’s Super Bowl in Las Vegas
Queensland Floods Cost Tabcorp Millions In Lost Revenue And More…
Nevada Casinos Lose $3.4 Billion This Past Year
LAS VEGAS — (Associated Press) - Nevada gambling regulators say the state's largest casinos lost $3.4 billion during the fiscal year that ended last June 30.
Ho No, Not Again! Billionaire Casino Magnate Files Lawsuit
So you thought it was over, huh? Guess again!
Saga Is HO-VER: Stanley Ho Admits to Transfer of Stake in Casino Empire
Stanley Ho Accuses Family of Stealing Gambling Assets
Macau gambling magnate, Stanley Ho, is accusing family members of gambling assets.
Online Poker Helps Boost Playtech 4th Quarter Income, Revenue
Stanley Ho Macau Casino Empire Stake Goes to Family
89-year-old Billionaire Stanley Ho transfers most of his stake in Macau gambling company to family members. Worth 13.4 billion HK dollars.
Macau Gambling Revenue Continues Unprecedented Rise Into 2011
Macau, the world’s biggest gambling destination, is anticipating a 49 percent rise in casino revenue this month according to analysts at CLSA Ltd.
OpenBet in £208m Management Buy-Out
A major technology company, whose clients include William Hill and Ladbrokes, is undergoing a major Management buy-out to the tune of £208 million, this according to the Telegraph.
