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05 Aug 09
Sands Asking For $400 million
Las Vegas Sands Corp is looking to raise $400 million in funds to help out with it’s current cash flow situation and hopefully restart it’s construction projects in Macau.

05 Aug 09
Gambling The Flavour For Polish
The Polish Ministry of Finance has released figures that show that Polish citizens spent over $5 billion on gambling in 2008.

05 Aug 09
Online Gambling Addiction
Harvard Medical School Division of Addictions has released a study that concludes online gambling to be safer than live gambling.

28 Jul 09
Recovery In Sight for New Chief Executive
Fernando Chui has won an uncontested election to assume the role of Macau’s next chief executive. Being the only nominee for the job, Chui looks to generate a recovery for casinos that have been restricted by regulations and limits of mainland Chinese visitors and economic downturn.

27 Jul 09
Gaming Stocks No Reprieve
Stocks in gambling related companies are still clearly struggling in this current crisis. Analysis of Las Vegas stocks in the monthly gaming index lost 2.9% in June.

26 Jul 09
Atlantic City Taking It Hard
Atlantic City’s casino industry is sitting through one of the toughest storms ever. Although operators have continually looked to ‘the next month’ being the better month, nothing seems to be coming about.

20 Jul 09
Differing Opinions Over Ukraine Gambling
The Ukrainian government has passed a law banning gambling businesses within the limits of cities, towns and villages. This recent movement has forced gamblers in the Ukraine to look elsewhere for their gambling, and at the same time may force over 200,000 employees to be laid off.

17 Jul 09
Chilean Casino Company Has $42M IPO
Enjoy SA, a Chilean casino and hotel operator has raised $42 million in an initial public offering on the Santiago stock exchange.

15 Jul 09
Greektown Casino Jumps In Revenue
Greektown Casino in Detroit saw June revenue jump 24.2 percent compared with the same month last year. This news coincides with other Detroit casinos recording significant revenue drops. Greektown continues with an aggressive marketing approach to attract visitors and ensure that they have a good time.

14 Jul 09
Positive Slots Report
The city of Vancouver has released a statement that 450 slot machines that were added to Hastings Park in the last year has led to no increase in crime in the neighbourhood.

13 Jul 09
Macau Set To Build Again
Chief Executive Officer Sheldon Adelson has signalled that the Las Vegas Sands Corporation will be looking to raise new capital to restart construction of several casinos on Macau’s Cotai Strip.

13 Jul 09
Tropicana Finds New Owners
The Tropicana Casino and resort in Atlantic City’s bankruptcy sale has been approved to a group of creditors led by Carl Icahn. Members of that group include Black Diamond Capital Management and Schultze Asset Management.

13 Jul 09
Czech Republic Gambling Heading Online
Gambling continues to grow as a national pastime everywhere. With online gambling allowing gamblers to access their favourite game from the comfort of their own home 24 hours a day.

12 Jul 09
Poker Heads To The iPhone 3G S
With online poker a permanent fixture on the desktops of many poker players, we now have poker apps flooding towards the new iPhone 3G S.

11 Jul 09
CryptoLogic Extends Licensing With Marvel Entertainment
CryptoLogic Ltd a provider of Internet casino and branded gaming software has signed an agreement with Marvel Entertainment Inc, extending its exclusive licensing agreement. The agreement is structured where CryptoLogic retains its rights as the exclusive worldwide developer of Internet casino games based on Marvel’s characters as they appear in the comic books through 2013. This is the third extension of the agreement between CryptoLogic and Marvel which has provided some of the company’s most popular and profitable games.

11 Jul 09
United States Federal Government Freezes $30 Million Online Poker Funds
The U.S. Attorney for the Southern District of New York, has frozen at least 24,000 online poker player accounts adding up to $30 million. The seizure of funds is a result of the violations of the Wire Act of 1961 and the Illegal Gambling Business Act and not the Unlawful Internet Gambling Enforcement Act. The funds of the poker players were held in the online payment processor Allied Systems, with Alliance Bank of Arizona seizing all the funds.

30 Jun 09
Paddy Power Acquires Sportsbet
The largest bookmaker in Ireland, Paddy Power has announced the completion of its majority purchase of shares in Australian bookmaker Sportsbet Pty. The deal started in May and now results in Paddy Power owning 51 percent of the shares in the online bookmaker.

30 Jun 09
Titan Launches New Loyalty Program
Titan Poker will soon be relaunching a brand new VIP program set to provide players with the most generous benefits in online poker. It’s new VIP program is set to provide a different status based on the previous month’s play.

30 Jun 09
Easy Money for Jerry
Jerry Buss, owner of the NBA 2009 Champions took to the field of the WSOP H.O.R.S.E $50,000 World Championship last Friday. After netting the NBA championship, the 75 year old took a break from managing his franchise to tossing in some chips of what has to be a very large bankroll.

30 Jun 09
Riviera Holdings Delisted
Riviera holdings have been delisted from the New York Stock Exchange, with no more common shares to be traded. This signals a continual trend of casinos struggling to maintain cash flow and compliance with the ongoing recession.