Archive for the 'Business & Finance' Category
More ePassporte News
Tuesday, April 15th, 2008ePassporte management sent letters to poker sites saying “Although we do not believe we have done anything illegal, we do not wish to be associated with anything that might be considered illegal by the United States Government”.
Casino Loses £7M Claim Against Arab Bank
Tuesday, March 18th, 2008Grosvenor Casinos in London has lost a claim against the National Bank of Abu Dhabi (NBAD). They were chasing more than £7 million in cheques bounced by a Middle Eastern high-rolling gambler.
US Could Profit From Regulating Online Gambling
Monday, February 4th, 2008A recent report by Pricewaterhouse Coopers has found that the US is missing out on billions of dollars of potential revenue for introducing the Unlawful Internet Gambling Enforcement Act (UIGEA), which effectively bans online gambling in the USA.
Credit Crunch Affecting $3B Vegas Casino Project
Sunday, January 20th, 2008The investment bank Deutsche Bank has taken the first step towards the foreclosure of the $3 billion Cosmopolitan Resort and Casino Project.
Atlantic City Casino Revenues Fall
Sunday, January 13th, 2008The gambling industry in Atlantic City got a painful wake up call last year, as they saw revenues fall 5.7% on 2006’s figures. This is the first such revenue decrease since casino gambling began in the area in 1978.
Sands to Build Casino Hotel in Singapore
Monday, January 7th, 2008The Las Vegas Sands Corporation has announced that they have managed to secure over $3.7 billion in loans to build a casino-hotel complex in Singapore.
Pennsylvania Casino To Preserve A Part of History
Tuesday, January 1st, 2008A deal for an $800 million casino complex on the site may give history fans the chance to learn the story of one of America’s most important industrial companies.
Harrah’s Close To Completing Record Casino Buyout
Tuesday, December 25th, 2007Harrah’s Entertainment are coming close to the end of a long journey, and will soon close a deal which will result in the sale of the Harrah’s Entertainment company to Apollo Management and Texas Pacific Group, private equity buyers.
US and Europe Online Gambling Agreement Reached
Wednesday, December 19th, 2007The deal makes permanent the ban on foreign gambling companies operating in the U.S, in return for other concessions that will enable foreign companies in certain other sectors to do business there.
Poker Machines Targeting Poor in Australia
Sunday, December 16th, 2007Poker machine gamblers in poorer suburbs are among the biggest financial losers in Australia – paying out $128 million AU in just 1 year. On average, an adult in the city of Monash spends $960 a year on poker machines.