Friday, December 23, 2011

Casino To Be Built On Fiji's Denarau Island; American Multimillionaire Wins Development Contract, by Greg Tingle

Profiles

Casinos Gaming Fiji New Zealand Property World Directory

An American multimillionaire has won the development contract to build a massive land based casino on Fiji's Denarau Island, one of the nations prime tourist destinations for New Zealanders.

Military ruler Voreqe Bainimarama has over-ruled long standing chiefly and church objections to announce that Larry Claunch, who describes himself as an investor, will get an exclusive license to build a casino on the island that will be home to at least 500 slot machines and 54 tables, and they home - lots of happy punters and entertainment lovers.

The well-to-do entrepreneur will also be permitted to construct a smaller casino in Suva.

The regime advertised internationally for expressions of interest earlier this year. New Zealand's well known casino group, SkyCity, was in the mix of those interested.

The license will be held by Claunch's One Hundred Sands Ltd, which will operate the casino with the Snoqualmie Tribe from Washington state and Seventh Generation LLC, a Native American company.

The impressive deal includes a US$290 million ($378 million) five star, 190-room resort on the manmade Denarau Island, which already has several hotels on it and timeshares.

Bainimarama said they would protect the rights and interests of Fijian people. A casino "provides a malleable fusion between the Western ideals of casino gaming with the strong cultural virtues of tribal and community life", he said.

He also pointed out that the casino would provide 800 jobs.

"Fiji does not wish to imitate Las Vegas in the Pacific. Fiji already has a unique brand, one defined by its uniquely pristine environment, tranquillity and world class hospitality."

Claunch advised the casino was "a union of both economic and cultural endeavours".

He also owns Nukudrau, a 19 hectare island in Savusavu Bay.

Claunch is confident he will be able to continue to ride his wave of success into Fiji, despite the casino industry hitting a number of ripples in recent years - a flow on effect from the global economic downturn. Just don't tell Claunch it won't work - he's a winner, and needless to say- his house always wins. Might see you in Fiji.

Website Network

Media Man Int

Media Man

Media Man News

Media Man Entertainment

Australian Sports Entertainment

Casino News Media

Global Gaming Directory

Thursday, December 15, 2011

Bwin.Party anticipates Spain and Denmark licences - 14th December 2011

PartyCasino.com website

Profiles

Bwin.Party Digital Entertainment PartyPoker.com PartyCasino.com Bwin.Party Digital Entertainment iGaming




The world’s largest listed online gambling operator, Bwin.Party Digital Entertainment, has released a pre-close trading update stating that its performance since the end of September has been ‘solid’ and ‘in-line with management’s expectations’.

Gibraltar-based Bwin.Party was born in late-March following the union of online betting and gaming provider Bwin Interactive Entertainment with PartyGaming and the operator revealed that it expects continuing clean earnings before interest, tax, depreciation and amortisation for the full year to be between 22 percent and 24 percent.

In addition, Bwin.Party declared that its integration ‘remains on-track’ and is expected to deliver around €40 million in annualised synergies next year before producing approximately €65 million in 2013 with the company already repurchasing 14 million shares at an average price of £1.26 each.

Bwin.Party also announced that the sale of its OnGame Network Limited business-to-business subsidiary is at an ‘advanced stage’ but is unlikely to be completed before the end of the year.
However, possibly the most interesting news from Bwin.Party was the revelation that it is anticipating approvals for its Spanish online sports, casino, poker and bingo products to be issued by authorities in the country as part of the ‘first wave of licences’ ahead of the market opening next year.

“The group’s licence applications for Spain were submitted on November 25 and it is expected that approvals for our sports, casino, poker and bingo products will be issued in the first wave of licences to be issued ahead of the market opening in 2012,” read a statement from Bwin.Party.

In Denmark, the firm revealed that it lodged licence applications on October 17 and also expects to be among the first group of operators to become authorised to offer online poker, casino and sports from the beginning of January.

“In Germany, the next meeting of the Minister Presidents is due to take place on December 15,” read the statement from Bwin.Party.

“Schleswig-Holstein, Germany’s most northern land, has stated its intention to press ahead with its law to regulate and license all forms of online gaming with a 20 percent tax on gross gaming revenue. Schleswig Holstein’s law has already been approved by the European Commission.

“While we hope that the other 15 Lander will revise their proposal, they may choose to press ahead with it in its current form, one that we believe fails to comply with European Union law or meet the requirements set out by the Court of Justice of the European Union. While we welcome the move to regulate the online gaming market in Germany, this must be in a consistent and coherent manner in line with European Union law that also enables licensed operators to compete effectively with black market operators. Any other approach, if sustained, will create a commercially unviable market and result in consumers being driven outside the regulated framework.

“In the United States, there remain a number of initiatives seeking to regulate Internet poker at both a Federal and a state level. Which route will reach the statute book first and when remains unclear but we remain optimistic that regulation will take a step forward in 2012. Either way, through our agreements with MGM and Boyd, the group is well-positioned to take advantage of any such opportunity.”


Bwin.Party gets ready for new markets - 14th December 2011...

Bwin.Party Digital Entertainment expects to be in the mix of the first group of firms who are issued with a licence for the Spanish market ahead of it opening next year.

In its pre-close trading update yesterday, the group stated that its licence applications for Spain were submitted on November 25 and it is expected that approvals for its sports, casino, poker and bingo products will be issued ahead of the market opening in 2012.

Bwin.Party also expects to be among the first group of operators to become licensed to offer online poker, casino and sports in Denmark at the beginning of January after its licence applications were lodged on October 17.

In Germany, the next meeting of the Minister Presidents is due to take place tomorrow and Bwin.Party hopes that the other 15 German states will revise their proposal in a consistent and coherent manner in line with European Union law, which also enables licensed operators to compete effectively with black market operators.

The group remains optimistic that US regulation will take a step forward in 2012. Via its agreements with MGM and Boyd, Bwin.Party believes it is well positioned to pounce on any such opportunity that may present.

The sale process of Ongame's B2B business is at an advanced stage, but although it has attracted a number of interested parties, the sale is unlikely to be finalised before the end of the year.

Bwin.Party is likely to retain its world leading position for the foreseeable future.

Websites

PartyCasino.com

PartyCasino.com Marvel Slots

PartyPoker.com

Website Network

Media Man Int

Media Man

Media Man News

Casino News Media

Global Gaming Directory

Saturday, November 19, 2011

Bwin.Party Digital Entertainment Invites Online Poker Players To Conquer the World at PartyPoker

Win Up To $100,000 Playing Online Poker

Profiles

Bwin.Party Digital Entertainment PartyPoker.com PartyCasino.com




Bwin.Party Digital Entertainment and its PartyPoker.com and PartyCasino.com gaming brands are used to delivering world class promotions and games, and this gaming season is no different.

The award winning PartyPoker.com invites you to 'Conquer The World'!

Dominate the World

This November and December sees the exciting World Domination promotion return to PartyPoker as players are invited to take over the world, one city at a time.

During this World Domination period, PartyPoker is going to award thousands of dollars’ worth of cash payouts and freeroll tournament seats, while also giving the players a chance to challenge for a massive $100,000 top prize!

Taking over the World

In order to achieve world domination and take down the cash prizes, all players must do is earn PartyPoints between Nov. 7 and Dec. 32.

Each time a player earns 10 PartyPoints they will be randomly awarded 1 of 72 different cities from around the world. They will now have dominated that city and are encouraged to keep earning PartyPoints and taking over more and more cities. Players are able to be awarded the same city more than once and some cities will be harder to capture than others.

Most cities will also award an instant prize but the biggest prizes are awarded to players if they manage to conquer entire countries and continents. The $100,000 is what all players should be aiming for and that is awarded to anybody who manages to accumulate all 72 unique cities.

Most cities will award an instant prize or at the very least a freeroll ticket, while each continent and country has a different prize value. For example, if you conquer all four cities in England, you will be awarded an instant prize of $1,500! In addition to this, if you then go on to claim each and every country in Europe, you will be awarded a massive $20,000 and be well on your way to winning the $100,000 that goes along with achieving world domination!

Players can get started right now and earn their first city for only 5 PartyPoints, so make sure you head over to PartyPoker and start taking over the world!

In order to snatch your free bankroll, all you have to do is sign up for a PartyPoker account and wait for your immediate free credit of $25. Once you receive the $25, head to the tables and earn 200 PartyPoints, whereby you will then be awarded an additional $25!

This means that you will have earned 20 countries in the World Domination promotion while also receiving your free bankroll! Play smart and play often. Good luck at the tables.


Online Gamers Check Out Casino Product...

An increasing amount of online poker players are also checking out online casino offerings from Bwin.Party Digital Entertainment. New casino players currently get up to $3000 sign up bonus, understood to be the highest bonus in the world for new players.

The most popular PartyCasino.com games of late include Heist, Circus, Rambo, Palladium Slot, The Godfather, Sinatra, Slotbox, Call Of Duty 4: Modern Warfare, Mission: Impossible, The Terminator, Cleopatra, Sinatra, Thor, The Incredible Hulk, The Amazing Spider-Man, Monopoly, Resident Evil, Melon Madness, Wheel Of Fortune and Mega Fortune Wheel.

The PartyCasino.com jackpot is currently approaching the $4 million mark. Players can also compete for The Big One and Marvel Hero Jackpot, playing the Marvel super hero themed online slot games.

PartyCasino's most recent game releases include Shaaark! SuperBet, Crocodopolis, Alice's Wonderland, Glamour Puss, Super Cubes, Heist, Palladium Slot and Circus Slot.

Bwin.Party Digital Entertainment Co-cEO Jim Ryan has gone on record advising PartyCasino will soon feature more Hollywood blockbuster themed slots. A few in the know journalists and media agents have been recently tipped off that an all time classic movie adaption will be showcased in the PartyCasino portfolio within 1 month. PartyCasino has the world's most impressive line up of Hollywood themed games, and more are just around the corner.

PartyCasino.com and PartyPoker.com customers can also benefit from rewards and bonuses via PartyPoints and the Palladium Lounge.

Media Man, Casino News Media and Global Gaming Directory do have a b2b relationship with Bwin.Party Digital Entertainment, as they do with dozens of other companies in the gaming, igaming, media and entertainment industry.

Websites

PartyCasino.com

PartyPoker.com

Profiles

Bwin.Party Digital Entertainment PartyCasino PartyPoker PartyBingo Circus PartyCasino Marvel Slots The Big One Melon Madness Casino World Poker Tour PartyCasino Promotions

Tuesday, November 15, 2011

Casinos Of The World: Land Based And Online; Media Man And Casino News Media Awards, by Greg Tingle



Sin City Cleopatra Rambo The Godfather Sinatra The Terminator Thor Saturday Night Fever Unicorn Legend Palladium Slot

World Directory Global Gaming Directory World Casino Directory

Punters, here's 10 of the world's top land based casinos for you to mark down in your travel plans.

Monte Carlo, Monaco: Perched above the Mediterranean and bounded by the French
and Italian coastlines on either side, Monaco provides a spectacular and luxurious setting for the wealthy and the wannabees. Home to the Monaco Grand Prix and the legendary Casino de Monte Carlo, this isn't the place for those on a tight budget. The magnificent Casino hosts the annual European Poker Tour and was also the scene of several James Bond Films, including the original "Casino Royale" and "Golden Eye".

Paradise Island, Bahamas: Located just off the shore of the city of Nassau, Paradise
Island is best known for its sprawling 'Vegas-by-the-sea' resort, Atlantis. The resort spans seven acres along a lagoon, where guests can soak up the Caribbean sun and choose from a variety of outdoor gaming areas. When in need of a break from the tables, guests can enjoy the private beach or one of the resorts 20 sunlit pools.

Melbourne, Australia: As Australia's sporting and entertainment capital, Melbourne
offers the perfect option for high rollers looking for a local break. Aussies need look no further than Crown Casino on the southern bank of the Yarra River, which is one of the largest casino complexes in the southern hemisphere. The main gambling floor stretches more than half a kilometre and the casino was the first to introduce the new game Rapid Roulette, which allows players to place bets on a personal electronic touch screen connected to a central roulette wheel.

Macau, China: Known as the 'Monte Carlo of the Orient,' and the gambling capital of Asia, Macau now rivals Monaco and Las Vegas as one of the premier gambling destinations in the world. With no less than 33 casinos, in addition to local horse and greyhound racing venues, Macau is perfect for the betting junkie. The Wynn Macau casino is a standout, highlighted by 24-carat gold 'Tree of Prosperity' at the entrance, extravagant water displays and Moon Jellyfish Aquarium at reception.

Baden-Baden, Germany: Situated on the western foothills of the Black Forest and on the banks of the Oos River, Baden-Baden is not your typical casino town. However, in addition to its hot springs and picturesque countryside, the town is also known for its 200-year-old 'Spielbank' casino - the oldest of its type in Germany. With French chateau-style salons rooms named after historical figures such as Madame Pompadour and Louis XV's mistress, the quirky casino provides visitors with a very unique gaming experience.

Las Vegas, United States: With over 1700 licensed casinos in operation, Las Vegas offers the ultimate package for travellers who fancy a flutter. A visit to the famous 'Strip' is a must for any player, whether they're looking for a spin on the roulette table or a game of blackjack - this city has it all. The iconic Caesar's Palace hotel and casino offers 129,000 square feet of casino space plus an endless smorgasbord of entertainment, shopping and fine dining options, including Cleopatra's barge, a floating lounge perfect for a relaxing drink after a jam-packed night on the casino floor.

Manila, The Philippines: With a favourable exchange rate, Manila provides great value for Aussies wanting to live the high-life overseas. The city offers a range of shopping and entertainment options, along with a world-class casino at the Hyatt Hotel. Spread across three levels, the sparkling casino offers the newest in gaming facilities for both hotel guests and visitors, and is just a short distance from Manila's tourist hub.

Sun City, South Africa: Known as 'Africa's Kingdom of Pleasure,' this luxury resort and casino complex, just two hours from Johannesburg, boasts two large casinos, two 18-hole golf courses and a wildlife reserve. At the extravagant yet picturesque Palace of the Lost City, guests are treated to stunning valley views from the guestrooms, along with exclusive access to the Grand Pool. The nearby Sun City Casino is the entertainment Mecca of the resort, featuring a myriad of gaming options as well as an indoor jungle of native foliage and water fountains.

Atlantic City, United States: Regarded as the US's 'Las Vegas of the East', Atlantic City in New Jersey is renowned for its gambling, shopping and fine dining. Towering above the banks of the Atlantic Ocean, the Trump Taj Mahal casino is an icon of the city, with an on-site shopping district and an abundance of restaurants and bars. The 157,000 square-foot casino is also hard to miss, with 3,500 slot machines and 200 table games. Unveiled in 1990 by a number of celebrities, including the late Michael Jackson, the casino is the second-largest in Atlantic City and well worth a visit.

Genting Highlands, Malaysia: Nestled on the Titiwangsa mountain range, just an hour's drive from Kuala Lumpur and 6,000 feet above sea level, the Resorts World Genting offers 360-degree views of the surrounding countryside. This spectacular resort has first-class accommodation, dining and entertainment, while avoiding the hustle and bustle of a capital city. The on-site casino, which covers 200,000 square feet, is Malaysia's sole gaming venue and is divided into separate themed areas, such as Hollywood and Monte Carlo, for the ultimate gambling experience.

Online Casinos:

PartyCasino.com : The world's leading online casino brand and part of Bwin.Party Digital Entertainment. Play for free or play for money at PartyCasino.com New players get up to $3000 sign up bonus via Media Man.

VirginCasino.com : Virgin Casino is part of Virgin Games. The parent company is Virgin Enterprises Limited, the creation of the world's most famous and celebrated entrepreneur, Sir Richard Branson. Unfortunately the casino does not accept players from many countries due to what is known in legal circles as "grey areas". Most European players can play, but no Americans, Canadians, Australians or New Zealanders.

Captain Cooks Casino : Was once a very popular online casino with Australians and New Zealanders, however we understand these days they can only accept players from a few regions such as Europe, South Africa, Canada and South America.

PKR : Once only a 2D online poker room, they are now more 3D and offer online poker and a good range of online casino games, including classics, Marvel slots and table games.

Media Man's top online casino choice: PartyCasino.com PartyCasino is a multi-time Media Man 'Online Casino Of The Month' winner and have also won awards from EGR. Earlier this year PartyGaming merged with Bwin to create the worlds leading igaming company, Bwin.Party Digital Entertainment.

News

PartyCasino Gets New Games...

Aztec Gold, Atomic Fruit, Nag's To Riches and Fairies Forest. Check out the new games here.

Website Network

Media Man Int

Media Man

Media Man News

Media Man Entertainment

Global Gaming Directory

Casino News Media

Poker News Media

Media Man Games

Monday, November 14, 2011

PartyCasino News: PartyCasino VIP Double Up; Palladium online slot; Promotions

Profiles

PartyCasino Bwin.Party Digital Entertainment PartyPoker.com Casino News Media Media Man

Palladium Slot Palladium Lounge Blackjack PartyCasino.com Slots




VIP Double Up

Starts: 00:00 ET, 21st November
Ends: 23:59 ET, 30th November

Prove you’re a big hitter and win up to $15,000 cash with VIP Double Up.

Earn points playing your favorite slots and jackpot slots, and work your way up the leaderboard to get your hands on your share of the riches.

Double the fun on the VIP Palladium slot

Accelerate your VIP Double Up progress with our exclusive VIP Palladium slot. You’ll earn double points every time you spin!

Have a look at the full list of prizes:

Rank Prize
1 $15,000 cash
2 $10,000 cash
3 $7,500 cash
4 $5,000 cash
5 $4,000 cash
6 $3,000 cash
7 $2,000 cash
8 $1,000 cash
9 $750 cash
10 $500 cash
11 to 15 $300 cash bonus
16 to 50 $150 cash bonus
51 to 100 $75 cash bonus

Find your Jack in the Box surprise...

Starts: 00:00 ET, 14th November
Ends: 23:59 ET, 17th November

We’ve packed our blackjack tables with thousands of cash gifts, bonuses and free points. Our rewards are hidden inside a surprise Jack in the Box. You won’t have to look hard to find it – the Jack in the Box will find you!

Just play any of our blackjack games as normal between 00:00 ET on 14th November and 23:59 ET on 17th November. If the Jack in the Box appears, act fast to claim your fabulous prize. Remember, the more you play blackjack, the better your chance of finding our account-boosting surprises.

Jack in the Box rewards will appear at random in the following games: Blackjack Multi-Hand Pro; Blackjack Single Deck; Blackjack Bonus Pairs; Blackjack High Limit; Blackjack Single Player; Multi-Player Blackjack; Multi-Hand Blackjack

Surprise gifts will only be offered on the download lobby.

PartyCasino.com is one of a number of Bwin.Party Digital Entertainment brands.

The most popular PartyCasino.com games of late include Heist, Circus, Rambo, Palladium Slot, The Godfather, Sinatra, Slotbox, Call Of Duty 4: Modern Warfare, Mission: Impossible, The Terminator, Cleopatra, Sinatra, Thor, The Incredible Hulk, The Amazing Spider-Man, Monopoly, Resident Evil, Melon Madness, Wheel Of Fortune and Mega Fortune Wheel.

The PartyCasino.com jackpot is currently approaching the $4 million mark. Players can also compete for The Big One and Marvel Hero Jackpot, playing the Marvel super hero themed online slot games.

PartyCasino's most recent game releases include War Of The Worlds, Atomic Fruit, Aztec Gold, Sin City, Robin Hood, Shaaark! SuperBet, Crocodopolis, Alice's Wonderland, Glamour Puss, Super Cubes, Heist, Palladium Slot and Circus Slot.

Bwin.Party Digital Entertainment Co CEO Jim Ryan has gone on record advising PartyCasino will soon feature more Hollywood blockbuster themed slots. A few in the know journalists and media agents have been recently tipped off that an all time classic movie adaption will be showcased in the PartyCasino portfolio within 1 month. PartyCasino has the world's most impressive line up of Hollywood themed games, and more are just around the corner.

PartyCasino.com and PartyPoker.com customers can also benefit from rewards and bonuses via PartyPoints and the Palladium Lounge. Be certain to check out the PartyCasino selection of promotions this month which are some of the best available in the industry today.

Media Man, Casino News Media and Global Gaming Directory do have a b2b relationship with Bwin.Party Digital Entertainment, as they do with dozens of other companies in the gaming, igaming, media and entertainment industry.

Websites

PartyCasino.com

PartyPoker.com

Profiles

PartyGaming PartyCasino PartyPoker PartyBingo Circus PartyCasino Marvel Slots The Big One Melon Madness Casino World Poker Tour PartyCasino Promotions

Friday, November 11, 2011

Echo Entertainment: Entertainment name of the game at The Star casino, by Greg Tingle - 10th November 2011

Profiles

World Casino Directory Global Gaming Directory Australian Casinos The Star Echo Entertainment Gaming Sydney Australia




Stop saying Star City Casino... owned and operated by Tabcorp Holdings. It's The Star, run by Echo Entertainment, and don't you forget it my friends.

Integrated entertainment complex and land based casino owner Echo Entertainment advised revenue was stronger in the first quarter of 2011-12 and earnings are expected to rocket in the second half.

If you missed it, Echo Entertainment demerged from betting and gaming outfit Tabcorp Holdings in June 2011, and today operates The Star in 'Sin City' Sydney, Jupiters Hotel and Casino at Surfers Paradise, The Treasury Casino (Brisbane) and Jupiters up in Townsville.

Chief exec Larry Mullin told the company's AGM that Echo's performance in the three months to September 30 had been in line with the firms expectations.

Revenues in the period were up by 15.2 per cent and up 14.4 per cent on a normalised basis, he said.

Full-year earnings would be hit in the first half from costs associated with opening the newly revamped The Star, Mr Mullin said.

Pre-opening costs are going to be in the region of $30 million, while operating expenses at The Star will initially be higher.

Strong earnings growth is expected in the second half, due to new products and expansions at The Star, Mr Mullin said.

Second-half earnings in Queensland are also forecast to accelerate, following the impact of floods in the previous corresponding period.

In the meantime Australia's most famous gaming billionaire James Packer, and his Crown Limited - Crown Casino empire are not going to roll over and die, with casino revaps of their own in Melbourne and Perth, with Burswood in Perth expected to be rebranded Crown.

Media agencies such as Media Man and Casino News Media are currently obtaining information from the public at large as to whether The Star and Crown Casino are more about gambling or entertainment, or both. Roy Morgan and the Australian Government are expected to be very interested in the findings.

Websites

The Star

Echo Entertainment

The Darling

Casino News Media

Media Man News

Website Network

Media Man Int

Media Man

Media Man News

Media Man Entertainment

Casino News Media

Global Gaming Directory

Thursday, October 20, 2011

Bwin.Party Digital Entertainment Betting On United States, by Greg Tingle - 20th October 2011

Profiles

Bwin.Party Digital Entertainment PartyCasino PartyPoker World Poker Tour Gibraltar Gaming




Jim Ryan, the co-chief executive of Bwin.Party Digital Entertainment is a very busy man.

In fact, he's invested three of the past five weeks in the United States pushing a presentation that advertised to investors the strengths of the world’s largest publicly-traded online gambling - gaming firm. Ryan’s presentation included a one-page chart that listed the top online poker brands in the U.S. market. The names of once fierce competitors PokerStars and Full Tilt Poker, were crossed out in red. Is Party the only real game left in town? Time will tell.

“Where you see the red lines, those organizations have been indicted, so although one can’t predict the future, it’s unlikely you will see those brands back in the U.S.,” Ryan said during an interview. “The brand that has the most consumer awareness is in fact the PartyPoker brand.”

Ryan’s company happens to own both PartyPoker and the World Poker Tour, two of the top online poker brands that did not have their U.S. operations shut down by the U.S. Justice Department in April because they were not facilitating for-money online poker play in America—in the case of PartyPoker since 2006. They also own PartyCasino, a top online casino destination website. The fact that Ryan, who is based in Gibraltar, has recently been spending so much time in the U.S. demonstrates he is optimistic and hopeful for a U.S. comeback. “My focus is on the U.S.,” says Ryan, who is in the final stages of negotiating partnerships with two U.S. companies. “Even though there is no guarantee that online gaming will ever regulate in the U.S.”

For years Ryan and his staff at PartyGaming, which merged with Bwin earlier this year, had to sit on the sidelines, watching how much money PokerStars and Full Tilt Poker were snatching. It was a difficult thing to watch for the top brass and workers at PartyGaming, which was the biggest online gambling company in the world thanks to its domination of the U.S. online poker market until Congress passed the Unlawful Internet Gambling Enforcement Act in 2006. PartyGaming exited the U.S. market and saw its stock price take a massive hit, while PokerStars and Full Tilt kept their U.S. facing .com websites on air. Party competitors enjoyed somewhat of an unfair advantage, with the rouges using the U.S. market to expand globally at PartyGaming’s expense. “We were beyond the point of frustration,” says Ryan.

Next PartyGaming struck a non-prosecution agreement with the U.S. Attorney in Manhattan, paying $105 million and admitting its U.S. operations had for years violated U.S. law. Meanwhile, PokerStars and Full Tilt continued to operate in the U.S. and claimed that their U.S. operations did not violate U.S. law, pointing to legal opinions the companies had received from top American legal eagles. To many, it appeared like PartyGaming had given a lucrative business away. Even at the company’s headquarters there were doubts until April 2011, when federal prosecutors in Manhattan closed down the U.S. operations of PokerStars and Full Tilt, naming them illegal gambling businesses, and indicted some of their key execs. "I think Party has been vindicated now in getting out when they did and in dealing with the Department of Justice," says Behnam Dayanim, a partner at Axinn Veltrop & Harkrider, who negotiated PartyGaming’s agreement with federal prosecutors in downtown Manhattan.

With all that said, Bwin.Party Digital Entertainment is not exactly holding a management party quite yet. It's so close, yet so far, from reclaiming online poker’s crown. Operating in highly-regulated and taxed European markets while competing against well-run companies like PokerStars is not for the faint-hearted. Bwin.Party’s stock, which trades on the prestigious London Stock Exchange, has dipped by 50% in 2011. Big corporate mergers can be problematic, but the outfit has also suffered a setback in Germany, where the nation’s top civil court recently decided to uphold an online gambling ban, and been dissed by higher gaming duties across Europe. When the company attempted to take advantage of the April U.S. shutdown of PokerStars and Full Tilt, Bwin.Party found that while some new European players were attracted to its poker brands, revenues remained flat-ish. It wasn’t until Full Tilt’s European regulator suspended Full Tilt’s license in late June that Bwin.Party’s increased advertising and promotional expenditures started to pay dividends. PartyPoker is now the second-biggest online poker room in the world, according to PokerScout, averaging 4,150 cash players during any given time. PokerStars has 22,800.

Ryan, who joined PartyGaming as CEO in 2008, has been waiting for this moment for what seems like forever. He long ago took Bwin’s Norbert Teufelberger to a McDonald’s in La Linea, Spain, and chatted to him at length about the pros of combining Bwin’s strong online sportsbook business with PartyGaming’s poker brands, resulting in the merger that was first announced in 2010. Ryan also fine-tuned his company’s business-to-business capabilities over the last few years with an eye toward finding a U.S. partner with whom he can re-conquer America. "We had to be realistic about where we sat in the food chain," says Ryan. "We figured if the U.S. regulated it would be unlikely that we would secure a license directly, that the laws of the land would be written to allow existing land operators and equipment manufacturers in the U.S. to secure the licenses." Ryan is optimistic about current efforts in Washington, driven by the American Gaming Association and powerful casino companies like Caesars Entertainment and MGM Resorts, to potentially get some sort of online gambling legislation through a divided Congress. Ryan notes he is also preparing for the possibility that online poker gets regulated first on a state-by-state basis.

"We have to be ready for both federal or state," he says. "It feels good to have American taxpaying companies finally driving this.".

If an offshore operator is to succeed in American, Bwin.Party Digital Entertainment looks like the firm to place bets with.

Bwin.Party has identified Australia and New Zealand as places to further expand their business, even sponsoring high profile poker players such as Tony G and Stewart Scott (a former Crown Casino 'Aussie Millions' champion.) PartyPoker is one of a number of rumoured brands set to take over the sponsorship spot at James Packer's Crown Casino that FTP once enjoyed. Party look to have as much chance as anyone, probably more so.

In the meantime, poker and casino game players in regions such as Australia, New Zealand, Canada, Italy, South America, South Africa and beyond can continue to enjoy their gaming.

Poker playing celebs such as Leonardo DiCaprio, Matt Damon and Tobey McGuire are understood to be open to sponsorship approaches from Bwin.Party.

Governments of the world - you're throw of the dice.

Website Network

Media Man Int

Media Man

Media Man News

Casino News Media

Global Gaming Directory

Australian Sports Entertainment

Wednesday, September 7, 2011

Casinos Of The World: Land Based And Online; Media Man And Casino News Media Awards, by Greg Tingle



Sin City Cleopatra Rambo The Godfather Sinatra The Terminator Thor Saturday Night Fever Unicorn Legend Palladium Slot

World Directory Global Gaming Directory World Casino Directory

Media Man And Casino News Media Awards - August 2011

Media Man and Casino News Media have awarded their casino award winners and finalists for August 2011.

Land Based Australian Casino Of The Month: Crown Casino, 2nd The Star (formally Star City Casino), 3rd Burswood Casino, 4th The Reef Hotel Casino (Cairns)

Online Casino Of The Month: PartyCasino.com 2nd Virgin Casino 3rd Grand Reef Online Casino 4th Paddy Power Online Casino 5th PKR Casino

*Online casino awards are based on a combination of gameplay, trustworthiness, ethics, customer feedback, affiliate program offerings, word of mouth, customer experience and overall offerings

*Media Man and Casino News Media have been awarding the 'Casino Of The Month' accolade for the land based and online sector since 2009.

Punters, here's 10 of the world's top land based casinos for you to mark down in your travel plans.

Monte Carlo, Monaco: Perched above the Mediterranean and bounded by the French
and Italian coastlines on either side, Monaco provides a spectacular and luxurious setting for the wealthy and the wannabees. Home to the Monaco Grand Prix and the legendary Casino de Monte Carlo, this isn't the place for those on a tight
budget. The magnificent Casino hosts the annual European Poker Tour and was also the scene of several James Bond Films, including the original "Casino Royale" and "Golden Eye".

Paradise Island, Bahamas: Located just off the shore of the city of Nassau, Paradise
Island is best known for its sprawling 'Vegas-by-the-sea' resort, Atlantis. The resort spans seven acres along a lagoon, where guests can soak up the Caribbean sun and choose from a variety of outdoor gaming areas. When in need of a break from
the tables, guests can enjoy the private beach or one of the resorts 20 sunlit pools.

Melbourne, Australia: As Australia's sporting and entertainment capital, Melbourne
offers the perfect option for high rollers looking for a local break. Aussies need look no further than Crown Casino on the southern bank of the Yarra River, which is one of the largest casino complexes in the southern hemisphere. The main gambling
floor stretches more than half a kilometre and the casino was the first to introduce the new game Rapid Roulette, which allows players to place bets on a personal electronic touch screen connected to a central roulette wheel.

Macau, China: Known as the 'Monte Carlo of the Orient,' and the gambling capital of Asia, Macau now rivals Monaco and Las Vegas as one of the premier gambling destinations in the world. With no less than 33 casinos, in addition to local horse and greyhound racing venues, Macau is perfect for the betting junkie. The Wynn Macau
casino is a standout, highlighted by 24-carat gold 'Tree of Prosperity' at the entrance, extravagant water displays and Moon Jellyfish Aquarium at reception.

Baden-Baden, Germany: Situated on the western foothills of the Black Forest and on
the banks of the Oos River, Baden-Baden is not your typical casino town. However, in addition to its hot springs and picturesque countryside, the town is also known for its 200-year-old 'Spielbank' casino - the oldest of its type in Germany. With French chateau-style salons rooms named after historical figures such as Madame Pompadour and Louis XV's mistress, the quirky casino provides visitors with a very unique
gaming experience.

Las Vegas, United States: With over 1700 licensed casinos in operation, Las Vegas
offers the ultimate package for travellers who fancy a flutter. A visit to the famous 'Strip' is a must for any player, whether they're looking for a spin on the roulette table or a game of blackjack - this city has it all. The iconic Caesar's Palace
hotel and casino offers 129,000 square feet of casino space plus an endless smorgasbord of entertainment, shopping and fine dining options, including Cleopatra's barge, a floating lounge perfect for a relaxing drink after a jam-packed night on the
casino floor.

Manila, The Philippines: With a favourable exchange rate, Manila provides great value
for Aussies wanting to live the high-life overseas. The city offers a range of shopping and entertainment options, along with a world-class casino at the Hyatt Hotel. Spread across three levels, the sparkling casino offers the newest in gaming
facilities for both hotel guests and visitors, and is just a short distance from Manila's tourist hub.

Sun City, South Africa: Known as 'Africa's Kingdom of Pleasure,' this luxury resort
and casino complex, just two hours from Johannesburg, boasts two large casinos, two 18-hole golf courses and a wildlife reserve. At the extravagant yet picturesque Palace of the Lost City, guests are treated to stunning valley views from the guestrooms, along with exclusive access to the Grand Pool. The nearby Sun City Casino is the entertainment Mecca of the resort, featuring a myriad of gaming options as well as an indoor jungle of native foliage and water fountains.

Atlantic City, United States: Regarded as the US's 'Las Vegas of the East', Atlantic City in New Jersey is renowned for its gambling, shopping and fine dining. Towering above the banks of the Atlantic Ocean, the Trump Taj Mahal casino is an icon of the city, with an on-site shopping district and an abundance of restaurants and bars. The
157,000 square-foot casino is also hard to miss, with 3,500 slot machines and 200 table games. Unveiled in 1990 by a number of celebrities, including the late Michael Jackson, the casino is the second-largest in Atlantic City and well worth a visit.

Genting Highlands, Malaysia: Nestled on the Titiwangsa mountain range, just an hour's
drive from Kuala Lumpur and 6,000 feet above sea level, the Resorts World Genting offers 360-degree views of the surrounding countryside. This spectacular resort has first-class accommodation, dining and entertainment, while avoiding the hustle and bustle of a capital city. The on-site casino, which covers 200,000 square feet, is Malaysia's sole gaming venue and is divided into separate themed areas, such as Hollywood and Monte Carlo, for the ultimate gambling experience.

Online Casinos:

PartyCasino.com : The world's leading online casino brand and part of Bwin.Party Digital Entertainment. Play for free or play for money at PartyCasino.com New players get up to $3000 sign up bonus via Media Man.

VirginCasino.com : Virgin Casino is part of Virgin Games. The parent company is Virgin Enterprises Limited, the creation of the world's most famous and celebrated entrepreneur, Sir Richard Branson. Unfortunately the casino does not accept players from many countries due to what is known in legal circles as "grey areas". Most European players can play, but no Americans, Canadians, Australians or New Zealanders.

Captain Cooks Casino : Was once a very popular online casino with Australians and New Zealanders, however we understand these days they can only accept players from a few regions such as Europe, South Africa, Canada and South America.

PKR : Once only a 2D online poker room, they are now more 3D and offer online poker and a good range of online casino games, including classics, Marvel slots and table games.

Media Man's top online casino choice: PartyCasino.com PartyCasino is a multi-time Media Man 'Online Casino Of The Month' winner and have also won awards from EGR. Earlier this year PartyGaming merged with Bwin to create the worlds leading igaming company, Bwin.Party Digital Entertainment.

News

Wagering firms take fee case to High Court...

A legal battle between two wagering firms and NSW racing authorities has begun in the High Court.

Betfair says a 1.5 per cent turnover fee levied by Racing NSW reduces competition and discriminates against interstate operators.

Counsel for Betfair, Neil Young QC, on Tuesday told the court the fee was not uniform but in fact was discriminatory.

He said Betfair participated in a national market.

Betfair argues the turnover fee will affect its ability to operate because the company is a low-margin operation that matches punters against each other.

The company then takes its commission from winning bets.

In March, both Betfair and Sportsbet were granted leave to appeal against a decision by the Federal Court that they tender the fee as legislated.

Both firms say paying the fee on gross profit is a fairer way to operate.

Overseas based firms such as Bwin.Party Digital Entertainment, Paddy Power and PMU are watching the case closely.


Paddy Power Active Customers Already Exceeds All of 2010 Figures...

Ireland’s biggest online bookmaker, Paddy Power, is attributing mobile gaming to its massive surge in active customers. This year’s numbers already exceed that of the entire 2010.

Just over a third of its active customers made transactions via mobile devices. Online products are now contributing 81% of the group’s operating profit, according to the Financial Times of London.

Paddy Power CEO Patrick Kennedy told the Financial Times: "We invested in a very good product and backed it up with TV advertising and online marketing."

The online business generated €45.3m in operating profit, a rise of 25% compared to the same period in 2010. Its land-based shops continue to suffer, however.


Playtech Signs Gala Coral Contract, Acquires Mobile-Bet Company...

Playtech Ltd, the Internet gambling software maker and content developer which has a joint venture with William Hill Plc (WMH), said it signed a long-term contract with Gala Coral Group Ltd., and acquired Mobenga AB, a mobile-phone sports-betting company.

Playtech will pay as much as 15.8 million euros ($22.4 million) for Mobenga, the Isle of Man-based company said in a statement. Playtech also said second-quarter revenue rose 7 percent to 39.6 million euros over the same period a year earlier, led by online casino games.

Gala Coral, which has 2,000 betting shops in the U.K. and Italy, should become one of Playtech’s top three clients within a year after its software is transferred, in 2012, Playtech’s Chief Executive Officer Mor Weizer said in a telephone interview. Mobenga will help Playtech expand in mobile telephone gambling, which generates 30 percent of bets for some companies, he said.

“This is a very important win for us,” Weizer said. “We already have most of the established operators in the U.K., and Gala Coral we were after for a long time.”
Playtech gained 18.25 pence, or 5.4 percent, to 356.75 pence at 8:47 a.m. in London, after earlier rising as much as 6.3 percent. The shares have fallen 16 percent so far this year, giving the company a market value of 866.3 million pounds.

Stockholm-based Mobenga will give Playtech the ability to combine sports-betting, casino and poker games in one mobile- phone application, Weizer said.

Playtech generates more than 10 million pounds ($16.1 million) from its biggest client, Imperial E-Club Ltd., Weizer said.

‘Players’

Most of the company’s clients attract players through sports, though they make most of their money through games, so they’re always seeking to convert sports betters to game players, he said.

Second-quarter casino revenue gained 9 percent to 27.3 million euros, and bingo sales increased 32 percent to 3.6 million euros, the company said.

Poker sales dropped 32 percent to 5 million euros, the company said. The poker business declined even though the U.S. charged founders of online poker companies still accepting games in the country with money laundering in April.

Weizer said the companies still had cash to lure poker players. Poker numbers have been “picking up” since the end of June, when one of the companies stopped play, he said. Full Tilt Poker, then the world’s second-biggest poker site, lost its license from Alderney on June 29.


PartyCasino Gets New Games...

Aztec Gold, Atomic Fruit, Nag's To Riches and Fairies Forest. Check out the new games here.

Website Network

Media Man Int

Media Man

Media Man News

Media Man Entertainment

Global Gaming Directory

Casino News Media

Poker News Media

Media Man Games

Monday, September 5, 2011

Bwin.Party Digital Entertainment Nears Finalizing US Deals, by Greg Tingle

Profiles

Bwin.Party Digital Entertainment PartyCasino.com PartyPoker.com Playtech Caesars Entertainment IGN World Poker Tour United States Casinos Gaming World Directory Brands Media Man





The Co-Chief Executive of Bwin.Party Digital Entertainment, Jim Ryan confirmed this past week that the group is close to finalizing a number of deals with US based gambling companies, in a bid to enter the US market when legislation passes in this sector on a federal level.

Ryan said that the recently merged Bwin and PartyGaming were negotiating with companies who reached across the country, and particularly those in states where the likelihood of online gambling reaching them in the near future was higher than other states.

Ryan said that Bwin.Party Digital Entertainment was "in contract negotiations with a partner from New Jersey." In addition, the group was lining up partners in California and Florida.

These states had the greatest potential to see online gambling legislation passed, he said.

Ryan stressed that the current negotiations were not for acquisitions, but for partnerships only.

Above Consensus Market Expectations...

The announcement by Ryan was made as Bwin.Party released its first half earnings, showing that they had fallen by more than a fifth. This was put down in part to increases in gaming taxes across Europe.

The group said, however, that its numbers were still above consensus market expectations, which boosted its share prices somewhat.

While European gambling regulation continued to be encouraging, there was still uncertainty coming from the German market, which makes up for 22% of Bwin.Party's revenues.

Analysts believe that it may be two to three years before Germany's stand on regulation becomes clear.

An analyst with Peel Hunt, Nick Batram said: "While the current trading may reflect a worst case German scenario, it is frustrating that the company does not quantify the potential impact from an effective shutout and what plan B might be."

Troubles facing Full Tilt Poker also worked to Bwin.Party's advantage as players sought new poker sites and migrated to its brands.

First half earnings before interest, tax, depreciation and amortization fell 21% to €81.8 million.

Ryan said that the group's strategy was "to be a pan-European operator and it looks like we are the only organization that has the strategy and capability to do that."


REG - bwin.party digital - Dividend Declaration...

RNS Number : 2933N
bwin.party digital entertainment
31 August 2011

bwin.party digital entertainment plc

('bwin.party' or the 'Company')

Interim Dividend

The Board of bwin.party has today declared an interim dividend of 1.56 pence per ordinary share in respect of the six month period ended 30 June 2011. This dividend will be paid by the Company in accordance with the timetable set out below.

Shareholders and depositary interest holders may elect to receive the dividend payment in Euros by submitting currency elections to the Company's registrar (Capita Registrars) no later than 23 September 2011. Currency election forms are in the process of being dispatched to registered shareholders and the form will be available on the Company's website, www.bwin.party.com. Depositary interest holders wishing to receive the dividend in Euros may submit a currency election via CREST. The foreign exchange rate used for converting the pounds sterling dividend payment into Euros will be the rate quoted by the Company at or about 11.00 a.m. (BST) on 26 September 2011.

31 August 2011 Interim dividend declared

7 September 2011 Ex-dividend date

9 September 2011 Record date

23 September 2011 Deadline for receipt of currency elections

26 September 2011 Pounds sterling/Euros foreign exchange rate struck for Euro dividend currency elections

7 October 2011 Interim dividend paid


Bwin.Party Digital Entertainment Financial Heads Up...

Wednesday could be one for the gamblers with online gaming operators Bwin.Party Digital Entertainment and 888 Holdings both reporting.

888 has already revealed its revenue figure for the first half – it made $153.m, an improvement of 18.1% on a year earlier. Panmure Gordon thinks earnings before interest, tax, depreciation and amortisation (EBITDA) will be up 52% from last year at $19.1m, giving earnings per share of 4.5 cents.

“With the strong start to Q3 and, despite the planned increased investment, we believe the risk to our forecasts is on the upside,” the broker added.

As for Bwin.Party, UBS thinks the company will report a drab set of figures, with first half revenues of €425m. Even that is better than Panmure Gordon is expecting; the latter is predicting revenue of €410m.


Bwin.Party And 888 Update - 31st August 2011...

888’s rival bwin.party digital saw its shares rally 15.3p to 125.3p, as investors warmed to its first set of results since it was created by the merger of PartyGaming and Austria’s bwin earlier this year.

The numbers revealed cost savings from the deal would be £8.9m more than expected and recent trading had been strong.

But it plunged to a half-year loss of £27m from profits of £53m after a £54.4m accounting charge.

The half-year dividend is 1.56p. Bwin.party said it was benefiting from the suspension of rival Full Tilt Poker’s license.

It hopes the US may one day reopen its doors. In the meantime, it is grappling with increased regulation in some European markets and the higher taxes this brings.


Bwin blames poker for drop in profits...

Online gaming firm Bwin.party revealed a drop in profits after it was dealt a blow from greater competition in poker markets.

The owner of PartyCasino, Foxy Bingo and PartyPoker said like-for-like revenues dropped three per cent to 398 million euros (£352.2 million) in the six months to June 30.

In its first set of results since the merger of Bwin and PartyGaming in March, the group said it came up against stronger comparatives with the previous year, which was boosted by the World Cup.

Revenues at its poker business declined 10 per cent to 104.9 million euros (£92.8 million) amid greater competition, including a campaign from rival 888 fronted by former Australian cricketer Shane Warne.

Underlying profits fell 21 per cent to 72.4 million euros (£64.1 million) after the group, which generates a quarter of its income in Germany, was hit by increased gaming duties as it launched in newly regulated markets.

Bwin said the number of new poker players signing up to its brands increased six per cent to 373,700 in the period, but active player days were down 11 per cent.

Revenues at its bingo arm were down eight per cent to 33 million euros (£29.2 million) amid intense competition in the UK, while sports betting revenues were down two per cent. But its casino and poker division saw revenues increase two per cent to 124.3 million euros.

*The writer has conducted b2 with Bwin.Party Digital Entertainment

Website Network

Media Man Int

Media Man

Media Man News

Media Man Entertainment

Casino News Media

Poker News Media

Global Gaming Directory

Sunday, August 21, 2011

Wynn Resorts May Purchase Bwin.Party Digital Entertainment, by Greg Tingle - 20th August 2011

Profiles

Bwin.Party Digital Entertainment PartyCasino.com PartyPoker.com Steve Wynn World Poker Tour United States Media Man







Earlier this year, PartyGaming and bwin merged to create Bwin.Party Digital Entertainment, which is traded on the London Stock Exchange under the symbol BPTY. In an news article that appeared in The Independent last Tuesday, it was noted that since the two online gaming giants merged, the combined company’s share price has dipped by nearly half. While part of the drop might be due to a slowing economic environment worldwide and so no action might be needed, other entities felt that an infusion could be in the offing.

The Independent added that Wynn Resorts, headed up by Steve Wynn, has emerged as a possible investor in the newly formed gaming giant, which is focused on the European market and continues to feature two separate online poker rooms. Readers will recall just before Black Friday in the United States, PokerStars and Wynn Resorts announced that, once a gaming license was secured in the United States, the two companies would team up to launch Poker Stars Wynn.

Following Black Friday, in which the founders of PokerStars were indicted on charges that included money laundering and bank fraud, the deal with Wynn was called off as you would expect.

The news outlet cautioned, however, that investors might wait for the gaming environment in the United States to be sorted out first: "Not everyone agreed with the chatter, however, with one trader saying acquisitions in the sector were unlikely until there was further clarification over the potential regulation of online gambling in the U.S."

On Thursday, shares of Bwin.Party closed at 106.50 in London. Other rumored "aggressors," as the Independent calls prospective investors, include William Hill, which is also publicly traded on the London Stock Exchange. Shares of BPTY stood above 160 pence in April, but have since dipped.

One poster on the TwoPlusTwo forum, questioned whether the rumors of a Wynn takeover were plausible: "So the newly merged Bwin.Party will sell to Wynn before even taking advantage of all the millions of Euros they will make in the first two years by virtue of the their merger synergies?"

Despite the merger, PartyPoker.com remains the flagship site of its own network, while bwin makes its home on the Ongame Network alongside rooms such as Betfair.

Caesars Entertainment, one of the principal competitors of Wynn Resorts, has partnered with 888, also a publicly traded company in London. Prior to Black Friday, Full Tilt Poker teamed up with Fertitta Interactive, whose ownership group has strong ties to Station Casinos. Along with the PokerStars - Wynn deal, the latter fell by the wayside once the U.S. Department of Justice took action in April.

Other members of TwoPlusTwo continued to cast doubt on the validity of The Independent’s report. One player wrote, "Party has never had any interest in selling. This feels like an absolute recycle of the previous such rumor that they were going to be bought out by Harrah’s. Unsurprisingly, it turns out there was never such a thing on the table and the only connection was former Party CEO Mitch Garber moving to Caesars Interactive."

Rumors have also persisted that the Ongame Network could be sold outright. To that end, Sharecast.com noted in a recent article, "Bwin.Party, the world's largest online gaming group, already has its poker network, Ongame, on the auction block. The sale is expected to generate between 20M and 30M Euros ($28.5m to $42.7m), a modest figure reflecting the loss of players the network will incur through the sale."

But could a deal between Wynn and Bwin.Party be finalized before online poker is legalized in the United States? And will it matter? This week, the New York Post published an article stating that online poker legislation could be coming sooner rather than later. One source told the Post, "I think there is becoming a feeling in Congress that this is something that needs to be regulated and be done. I believe there is a possibility a bill will pass towards the end of the year."

Media Man will be following the story with weekly reports.

*The writer has conducted b2 with Bwin.Party Digital Entertainment and Betfair.

Website Network

Media Man Int

Media Man

Media Man News

Media Man Entertainment

Casino News Media

Poker News Media

Global Gaming Directory

Saturday, August 13, 2011

Casino Travel Media: Modest growth expected for gaming - 13th August 2011

Profiles

Gaming Gambling Crown Casino Crown Limited Tabcorp Holdings Echo Entertainment Star City Tatts Group Australia Media Man

Australian gambling companies are expected to report modest growth in earnings this reporting season as consumers rein in their discretionary spending and casino operators face tough competition from overseas.

"Gambling is part of discretionary expenditure, so I'm anticipating that gambling expenditure will be down," Morningstar gaming analyst Ross MacMillan said.

Earnings in the gambling sector may grow two or three per cent, but "It's going to be very subdued earnings growth if we see any at all," Mr MacMillan said.

The outlook for the current financial year was expected to be very cautious and limited in detail.

Mr MacMillan anticipated most companies would hold off providing guidance until their annual general meetings when they would have at least three months of performance under the belt.

The big issue for Tatts Group and Tabcorp would be the source of future growth, he said.

Tatts and Tabcorp hold a duopoly over poker machines in Victoria outside of the Crown casino in Melbourne. The Victorian poker machine licence expires in 2012.

Tabcorp was recently awarded a new wagering and betting licence in Victoria, winning it over Tatts. The wagering licence allows Tabcorp to offer wagering on thoroughbred, harness and greyhound racing and other sporting events.

Lower gambling expenditure would affect revenues, so gambling companies would have to look at cutting costs, Mr MacMillan said.

He said Tatts would be looking to strip out as many costs as possible from the NSW lottery business it acquired in March 2010.

Tatts also would think carefully about the South Australian lottery business, which is likely to come up for sale in the next 18 months.

Mr MacMillan said the main issue affecting the Tabcorp results would be the recent demerger of its casino operations - now known as Echo Entertainment Group - which would make Tabcorp's accounts "messy".

An issue facing casino operators Crown and Echo was the size of the capital expenditure needed to revamp their casinos so they could compete with big new casino-resorts in Singapore and attract more VIP gamblers (high rollers) from China.

"This is a real issue: whether it (capital expenditure) will continue in the future," Mr MacMillan said.

Fat Prophets gaming analyst Greg Fraser said consumer spending had been weak and was likely to be reflected in gaming results at the "grind end" of the market.

Mr Fraser said he expected a reasonable result from Tatts Group.

Although a larger proportion of Tatts' earnings now came from lotteries, gaming operations were likely to attract attention because that's where uncertainty lay.

"Having missed out on the Victorian wagering licence, it'll be interesting to see what they (Tatts) say about their future now and what their plans might be," Mr Fraser said.

Tabcorp also needed to detail its plans for the new Victorian wagering licence and explain how the company would replace gaming machine earnings once they disappear in 2012, he said.

Among the casino operators, Crown's result was likely to be stronger than that of Echo Entertainment, largely because Crown had spent its money on refurbishments and re-organising its gaming floors sooner and, arguably, more effectively than Echo.

Much of the Star City refurbishment was aimed at non-gaming activities, so the casino's success over the next year should be measured by the increase in visitation numbers.

"In that sense, it's the outlook statement for Echo this time that is perhaps more important than this year's financial result," Mr Fraser said.

Website Network

Media Man Int

Media Man

Media Man News

Media Man Entertainment

Casino News Media

Global Gaming Directory

Tuesday, August 9, 2011

Casino Travel Media: Caesars Entertainment wins approval for $500m Vegas project - 9th August 2011

Profiles

Casinos World Casino Directory Caesars Entertainment Las Vegas United States Travel Property World Directory Media Man




Caesars Entertainment has won approval for a major new entertainment, retail and dining development – codenamed Project Ling – in Las Vegas.

Clark County commissioners offered its approval to the project – situated between the Imperial Palace and the Flamingo casinos – earlier, with Caesars now hoping to break ground later this month.

When completed – in 2013 - the $500 million complex will include the biggest Ferris wheel in the world.

At 550-foot, the wheel will be larger than the Singapore Flyer and the London Eye.

“This is more of an entertainment experience,” explained Caesars spokesman Gary Thompson, noting Project Ling will offer no central gaming area.

It is hoped the project will create 3,000 construction jobs and 1,500 permanent jobs.


Caesars Palace Las Vegas Gets World Class Entertainment...

Celine Dion
Celine has always been a pioneer when it comes to creating groundbreaking concert performances and this next adventure promises to be the best ever! Featuring 31 musicians, consisting of orchestra and band, Celine’s new show will include her biggest hits performed with a stunning visual presentation.

Jerry Seinfeld
Emmy and Golden Globe Award winner and entertainment icon Jerry Seinfeld is still a front-runner in the ratings. As a testament to its success in the television landscape, TV Guide's poll of the "Greatest Shows of All Time" listed "Seinfeld" as #1.

Rod Stewart
Legendary rock icon Rod Stewart returns to The Colosseum at Caesars Palace for the first 18 concerts of his two-year Las Vegas residency, kicking off on August 24, 2011. Rod Stewart: The Hits. will be a concert celebration featuring a set list of the rock and R&B favorites which have defined Stewart’s unparalleled five-decade-long career.

Luis Miguel
Latin music superstar Luis Miguel will return to The Colosseum at Caesars Palace in celebration of the 2011 Mexican Independence Day weekend September 15-18 at 9 p.m. The four night engagement is presented jointly by AEG Live and Caesars Palace.

Elton John's Million Dollar Piano
World-renowned singer, songwriter and performer, Elton John will return to The Colosseum at Caesars Palace with an all new show, “The Million Dollar Piano,” beginning September 28 for sixteen shows. Elton’s September return will mark the beginning of a three-year residency at The Colosseum and his second as a Caesars Palace headliner.

Shania Twain
Shania Twain, international superstar and the world’s best-selling female country artist of all time returns to the stage and vocal spotlight with a two-year residency at The Colosseum.

Matt Goss
Produced by Robin Antin, creator of The Pussycat Dolls, Goss' show will offer a dynamic blend of musical talent.

Spiegeltent At Caesars Palace

Absinthe
Absinthe is taking Las Vegas by storm, stripside at Caesars Palace. Described by The New York Times as “Cirque channeled through The Rocky Horror Show”, Absinthe is an intoxicating collision of circus, burlesque and vaudeville featuring curious creatures, heavenly bodies and outrageous comedy.

*Media Man public thank you to Caesars Palace management and media unit.

Websites

Caesars Palace Las Vegas

Caesars.com

Website Network

Media Man Int

Media Man

Media Man News

Media Man Entertainment

Australian Casino News

Australian Casinos

Casino News Media

Global Gaming Directory

Monday, August 8, 2011

Australian Gambling News; Asia Pacific Gaming Connection: James Packer...Crown Melco, by Greg Tingle - 8th August 2011

Profiles

Casinos Australia Asia Pacific Macau Crown Limited Burswood Entertainment Complex James Packer Casino Legal Media Man

Perth's Burswood Casino Sued After Stolen Cash Gambled Away...

Burswood Casino is being sued for in the region of $600,000 stolen from a Perth engineering company by an accountant who used the money to help fund his gambling addiction.

In a Supreme Court writ lodged last week, Exceleng Corporation claims Burswood was "unjustly enriched" at its expense when accountant Anthony Bianco deposited stolen funds in a casino account from which he could withdraw gambling vouchers.

Bianco, who pleaded guilty to nearly 300 counts of stealing as a servant between 1998 and 2005, was sentenced to 3.5 years jail in 2007 and served at least 21 months for siphoning $925,000 from his Naval Base employer.

Lawyers for Exceleng, trading as Alltype Engineering Services, argue that Burswood facilitated Bianco's breach of trust.

"(Burswood) recklessly failed to make any reasonable inquiry as to the funds so transferred into (the casino's) account and their source, and should reasonably have been aware, given the quantum of such transfers, that inquiry as to the funds and their source was required," the writ states.

Alltype managing director Colin Heitman said Burswood had a case to answer, claiming it ignored an obligation to report big transactions for independent tracking.

"I think Burswood has an obligation to protect businesses and individuals against fraud and they don't do that," he said.

"I don't think they uphold their duty of care when it comes to protecting people against electronic fraud.

"It was an extraordinary amount of money.

"Fortunately we've survived and moved on."

Bianco, of Cannington, said yesterday: "That was like six years ago.

"I'm all finished, I'm finished with that."

In a 2007 Court of Appeal decision that increased Bianco's original 2.5 year term by a year, Bianco was described as an immature man in denial about his gambling addiction.

"His immaturity led him to identify achievement as related to being admired as a high roller and being well known in the casino context," the judgment said.

Burswood Casino declined to comment on the legal action.


Malaysian Gamblers Drown Fleeing...

Police say five men have drowned in northern Malaysia after leaping into a river to escape a gambling raid.

A police spokesman in Malaysia's northern Kedah state says the men were among 20 suspects who were playing dice games by a river on Saturday when police tried to detain them.

He says five men sought to escape by swimming to another village across the river, but a search team found their bodies over the next few hours. Most of them were in their 40s and 50s.

Betting and gambling in public without a licence is punishable by a six-month prison term and a fine.


Melco Crown To List In Hong Kong...

James Packer's Macau casino joint venture Melco Crown Entertainment plans to list its shares on the Hong Kong Stock Exchange to improve liquidity and raise equity to help fund a new $US2.5 billion ($2.38bn) casino resort development.

Melco Crown chief executive Lawrence Ho said the proposed dual listing -- the stock is already listed on Nasdaq -- would give Oriental investors a more direct access to the stock and put Melco on a par with other Macau casino operators that all have Hong Kong listings.

"We believe our proposed dual listing on the local bourse will not only put us on par with our competitors but will also provide our existing shareholders with much enhanced liquidity, while providing us with access to an additional source of capital," Mr Ho said in a statement.

It is widely believed Melco Crown wants to proceed with the issue before the end of the year.

The move is likely to include an equity raising rather than simply a compliance listing, although analysts expect the raising to be small given they expect neither joint venture partner will want to be diluted in the issue.

Packer's Crown owns a 33.5% stake in Melco. The equity will help fund the development of Macau Studio City, a $US2.5bn integrated gaming, retail and entertainment resort to be developed in Macau, although much of the project is expected to be debt-funded.

It will be Melco Crown's third casino in Macau, although the joint-venture partners must first negotiate with local authorities to ensure a casino is included in the project plans. The current government-approved plans do not contain any gaming elements.

Citi said a dual listing would allow Melco Crown to join key benchmark indices and improve liquidity.

Macau's gaming regulator has revealed that July gross gaming revenue was $US3bn, the second-best month this year.

However, Melco shares have fallen sharply. They opened at $US16 last Monday but closed at $US12.94 in Thursday trading on the Nasdaq, down 13.15% on the day. The shares rose 21% last month.

Readers...er, punters, please bet with your head, not over it, and have fun.

*the writer owns shares in Crown Limited

Website Network

Media Man Int

Media Man

Media Man News

Media Man Entertainment

Australian Casino News

Australian Casinos

Casino News Media

Global Gaming Directory