Bringing you the very latest news in the gambling world
Category: Gambling FinancialsBy Robert Weston on Aug 30, 2007 in Gambling Financials, Online Poker | 0 Comments
PartyGaming announced a $47 million first-half loss despite reporting an 83 per cent increase in customer sign-ups outside the US. Chief executive Mitch Garber said that the gaming group had made a strong investment in players in the first quarter and was on the verge of signing a major partnership deal with […]
By Robert Weston on Aug 28, 2007 in Las Vegas, Gambling Financials, Gambling News | 0 Comments
Casino operator Harrah’s Entertainment (NYSE: HET) and partner AEG announced that it plans to build a $500 million arena in Las Vegas capable of housing a pro sports team. If given approval, the 20,000 seat venue will be constructed behind the Bally’s and Paris hotel-casinos on the Strip, and is projected […]
By Robert Weston on Aug 28, 2007 in Gambling Financials | 0 Comments
PokerTek (NASDAQ: PTEK) has placed chief financial officer Christopher Daniels on administrative leave and launched an independent investigation into his alleged use of the company’s corporate credit card for personal purchases. In a filing with the Securities and Exchange Commission, the automated poker technology developer said questions had arisen during […]
By Robert Weston on Aug 27, 2007 in Gambling Financials, Featured, Gambling News | 0 Comments
Billionaire Sheldon Adelson’s biggest gamble makes its debut today when his $US2.4 billion Venetian Macau, the world’s biggest casino, hotel and resort in the southern Chinese enclave of Macau, opens its doors.
The Casino is the worlds second largest building which will hold the world’s biggest casino with 850 gaming tables and 4100 poker machines, a […]
By Robert Weston on Aug 23, 2007 in Gambling Financials, Featured, Casino | 0 Comments
Gambling is considered illegal in Dubai, yet Dubai’s state owned investment company, Dubai World, bought a piece of Las Vegas on Wednesday, announcing an investment of US$5 billion in MGM Mirage.
Dubai World, the state-owned investment firm in this fast-growing Persian Gulf emirate, will pay US$2.7 billion to acquire a 50 percent stake in CityCenter, a […]
By Robert Weston on Aug 22, 2007 in Gambling Financials, Gambling News, Online Poker, Online Casinos | 0 Comments
Battered online e-wallet NETeller, which closed its US operations in January after internet gambling was banned, has announced that it expects renewed growth in other regions following its resolution with US authorities.
The US Government banned gambling via the Internet and financial transactions relating to it in October as part of a Bill designed to increase […]
By Robert Weston on Aug 22, 2007 in Gambling Financials | 0 Comments
One of Asia’s first internet companies to be listed on the Nasdaq market is staging a comeback as an online gambling operator.
Taiwan-based Gigamedia (NASDAQ: GIGM) started as an ISP over cable TV lines in the late 1990s.
Despite a promising start, growth faltered after Taiwan’s former telephone monopoly took advantage of its existing infrastructure and connections […]
By Robert Weston on Aug 20, 2007 in Gambling Financials, Gambling News | 0 Comments
A survey of 100 private equity executives by accountancy and consulting firm Grant Thornton found that 28 percent would not consider gambling businesses as an investment possibility. Despite one in four private equity firms having a formal code of ethics, the gambling sector was only ranked third behind pornography and firearms/military […]
