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Chris Sieroty Gaming Guru - Page 18Ladbrokes in talks to buy Betdaq8 January 2013
Ladbrokes Plc has entered into negotiations to purchase betting exchange operator Global Betting Exchange (GBE), which trades as Betdaq. The Dublin, Ireland-based company allows gamblers to formulate their own odds rather than relying on those set by a bookmaker. Ladbrokes wants to acquire the platform to bolster its own online operations. ... (read more)
Steve Wynn swaps golf acreage for jets6 January 2013
LAS VEGAS -- Steve Wynn, founder and chairman of Wynn Resorts, Limited, on Friday terminated an option to buy a 2-acre tract on the company's golf course in Las Vegas in return for the right to purchase any or all of the company's aircraft. The aircraft purchase option may be exercised upon 30 days written ... (read more)
Delaware wins by betting on sports6 January 2013
As the legal battle involving sports gambling moves to the next round in New Jersey, Delaware continues to experience a payoff from its decision to expand its limited sports lottery involving professional football games. Now gamblers can bet not only in the state's three racetrack casinos, but also in 31 restaurants, bars and nightclubs throughout Delaware. ... (read more)
Wynn Resorts seeks to remove Okada at Feb. 22 meeting4 January 2013
LAS VEGAS -- Wynn Resorts, Limited, the gaming company controlled by Steve Wynn, scheduled a Feb. 22 shareholder meeting at Wynn Las Vegas to vote on the proposed removal of Kazuo Okada, one of the company's co-founders, from the board of directors. In a regulatory filing with the Securities and Exchange ... (read more)
Poll: Online wagering favored by 27 percent2 January 2013
A survey conducted by Fairleigh Dickinson University's PublicMind Poll found a slim majority, or 51 percent, of Americans for the first time think sports betting should be legal in states where it's prohibited by federal law. The poll found that 60 percent of men support legal sports betting compared with ... (read more)
Global Gaming Asset Management acquires stake in Bloomberry Resorts2 January 2013
Global Gaming Asset Management LLC expects to complete its acquisition of a 9 percent stake in Bloomberry Resorts Corp., owner and developer of the Solaire Manila - Philippines Casino & Resort, making it the second-largest shareholder in the casino project. Bloomberry Resorts said Global Gaming Philippines ... (read more)
Strip forecast sees $1.5 billion invested over next two years26 December 2012
LAS VEGAS -- After two years of modest reinvestment and upgrades of Strip properties, a group of gaming industry analysts and brokers thinks more than $1.5 billion will be invested by companies and investors in the Las Vegas gaming real estate market over the next two years. Colliers International issued the upbeat forecast to introduce its new gaming division. ... (read more)
Bally Technologies signs fifth deal in Canada26 December 2012
Bally Technologies has entered into an agreement to provide 650 video lottery terminals (VLTs) to gaming properties in Saskatchewan, Canada. Earlier this year, the Las Vegas-based company announced an agreement to provide VLTs to Canada's Atlantic Lottery Corp. Under the agreement, Bally Technologies said ... (read more)
Wynn signs option to buy land for Massachusetts casino24 December 2012
Wynn Resorts confirmed Friday that it had executed a two-year option agreement to buy 30 acres of land in Massachusetts to build an urban gambling resort. The waterfront parcel is located in the city of Everett, the Las Vegas-based company said. The site is known as the former Monsanto Chemical Co. ... (read more)
Deadline Friday to finalize deal between bookmakers20 December 2012
William Hill plc, Great Britain's largest bookmaker, has until Friday to finalize its $785 million offer for rival Sportingbet plc. The companies agreed to the cash and stock deal in October, but William Hill has received several extensions to complete their due diligence relating to the deal.
William ... (read more)
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