Tom S. January 16, 2014 16:46:07
Macau Legend announces plan to create “independent third party” under its own umbrella to get around city’s gaming regulations. The Macau-based casino firm Macau Legend Development recently told the Hong Kong Stock Exchange that it plans to “diversify its business and indirectly participate in the gaming promotion business.” The company currently operates two casinos under […]
Tom S. January 16, 2014 16:37:27
Bookies bleed cash after the stronger clubs won all seven matches over the weekend. Representatives of top UK bookmakers reported that the industry may lose up to $49 million on the latest round of English Premier League football matches, as all seven games were won by the favorites. According to UK gambling laws sportsbetting is […]
Tom S. January 16, 2014 15:54:27
Shane Doherty has beennamed to lead operations at PaddyPower.com. His new position as the head of the Irish online bookmakers will make him responsible for the growth of the company’s profitability in the e-gaming and sportsbook channels. After joining the team at Paddy Power only eight months ago, Shane Doherty has found himself with quite […]
Tom S. January 16, 2014 15:35:50
Mohegan Sun has joined forces with Suffolk Downs in the battle to secure a license in Massachusetts in order to build a casino in Revere. This is not the first time that Mohegan Sun made the US gambling news headlines.Back in November, the New England casino lost its bid to gain voters’approval to build a […]
Tom S. January 16, 2014 14:55:24
Lottery purchases on the rise as growing economy builds consumer culture China’s Ministry of Finance reported that lottery sales topped RMB 309.33 billion in 2013 (just over $50 billion), up 18 percent from the previous year. The majority of revenue was provided by two lottery services, the Welfare Lottery and Sports Lottery. The Welfare lottery […]
Tom S. January 16, 2014 14:35:53
With restrictions on casino gambling, Hong Kong investors turn to the “Asian Las Vegas” to strike it rich on the new Forbes list. Forbes recently released its 2014 Asia Top 50 “rich list”, with investors in Macau casinos coming out resoundingly on top. Both cities are autonomous Chinese territories, but only Macau is a gambling […]
Tom S. January 16, 2014 14:22:58
Rebound in casino employment shows consumers have money to stake, economy is recovering. Ireland was one of the countries hit hardest by the still-resonating Eurozone crisis. The job and housing markets were savaged by a crushing private debt burden. As consumer spending declined, casino gambling, especially in Irish poker rooms, took a major hit as […]
Tom S. January 16, 2014 14:19:28
Illegal but popular online gambling industry may become subject to heavy state prohibition in the future. The government of the small South Asian country of Singapore has announced plans to crack down on money laundering and funding of terrorist organizations. Three government ministries dealing with financial affairs announced plans to increase regulation on certain financial […]
Tom S. January 16, 2014 11:34:48
Gaming firm has been operating at a loss for some time, no longer able to meet debt obligations. Reuters reported that the Spanish gaming firm Codere Group has been struggling to meet its debt obligations and has filed for protection from creditors. As of last September it had $1.73 billion in debt. It has four […]
Tom S. January 16, 2014 11:21:13
New bill would subject foreign operators to same taxes and licensing regulations. The recent UK Gambling Licensing and Advertising Bill is moving forward and will undergo further examination in the House of Lords. The bill has reached the “committee stage”, meaning that it will be analyzed in detail. The Cameron government expects it to be […]
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