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IGN Staff Gaming Guru - Page 15Harrah's Offers Deal to Gala8 February 2008
Harrah's Entertainment has proposed a deal to merge its London Clubs International division with Gala Casinos. A business resulting from a merger between London Clubs and Gala Casinos would own 40 casinos in Britain, just one shy of Stanley Casinos, the country's largest casino operator.
Neither Harrah's ... (read more)
France's FDJ Down on Loss, Up on Forthcoming Mobile Launch7 February 2008
France's gambling monopoly, La Francaise des Jeux (FDJ), has reported a drop in annual revenues for the first time in 15 years, but launching new products this year, including a mobile offering, could help repair the small loss.
In its annual report, released on Jan. 29, FDJ divulged a 1.8 percent dip in ... (read more)
Sands Falls Short of Fourth-Quarter Expectations6 February 2008
Las Vegas Sands Corp. has reported a 65 percent drop in net profits for the fourth quarter -- down to $39.9 million from $113.6 million a year ago -- citing increased construction and pre-opening expenses as the main reason for the decline.
Total quarterly revenue rose to a record $1.05 billion compared to last year's $636.3 million, but analysts had anticipated revenues reaching $1.1 billion. ... (read more)
AsianLogic in Licensing Deal with PAGCOR6 February 2008
In its first announcement since floating on the London Stock Exchange in December, AsianLogic has secured software licensing agreements with at least one Philippine operator.
AsianLogic subsidiary Gamebuilders Inc. will supply the Philippine Amusement and Gaming Corp. (PAGCOR) with online casino software. ... (read more)
Net Casino Vote On Hold in Netherlands Legislature6 February 2008
At the behest of Minister of Justice Ernst Hirsch Ballin, the Dutch Senate on Tuesday delayed a vote that could have seen the state's gambling monopoly holder, Holland Casino, receive approval to set up an Internet gambling site.
The Dutch government reiterated in September 2007 that it would allow Internet gambling in the country beginning in 2008, but only through the state-run casino. ... (read more)
South African Legislative Debate over Advertising Continues5 February 2008
Members of the National Council of Provinces' (NCOP) Economic and Foreign Affairs Committee met on Jan. 30 to discuss the National Gambling Amendment Bill, which is designed to license and regulate remote gambling in South Africa. The main area of contention at the moment is advertising, and the committee will meet yet again on Feb. ... (read more)
32Red 'Cash-Generative' following BetDirect Sale1 February 2008
Nearly a year after 32Red reported a full-year pre-tax loss of £3.7 million and a canceled dividend, the London-listed company said it is looking toward being back in the black.
Following the sale of its lossy BetDirect business to Stan James in October, 32Red Chief Executive Ed Ware remarked that the ... (read more)
French Tennis Federation Seeks Betting Prohibition on French Open1 February 2008
The French Tennis Federation filed lawsuits in Belgium and France today to bar Betfair, Bwin and Ladbrokes from taking bets on the French Open. The Federation says it is concerned that online betting is tarnishing the integrity of their sport.
"There is urgency to act because sporting ethic is at risk," ... (read more)
Boss Mulls GEMed Takeover Offer1 February 2008
GEMed, a jointly-owned subsidiary of Gtech and Swedish investment firm Medstroms, has made an offer to acquire Boss Media.
The deal, valued at SEK 19.00 per share ($2.98), puts Boss' current value at an estimated SEK 1.08 billion. Medstroms is one of the original founders of Boss Media and remains its ... (read more)
GEG's Lui to Keynote Asian I-Gaming Congress30 January 2008
Clarion Gaming announced today that Francis Lui, deputy chairman of Galaxy Entertainment Group (GEG), has been confirmed to deliver the keynote address at the Asian I-Gaming (AiG) Congress and Expo in Macau.
Mr. Lui has a unique vision for GEG and attributes the company's success to the fact that it is ... (read more)
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