Category: Land Based Gaming and Casinos
Intralot sues government over lottery licences
iGaming Business – Greek-owned gaming and lottery operator Intralot has sued the state government in Australia after claiming that rival company Tatts Group was offered favourable treatment during talks over licences for two public lottery categories, according to the Herald Sun newspaper. In a writ that was filed at the Supreme Court in Australia, Intralot said it was seeking damages for a lost opportunity to earn profits, as well as interest and costs. Both of the licences under the spotlight include a clause that blocks the licensee from entering into “exclusive arrangements” for the distribution of lottery products. This includes…
Macau gambling revenue up 17% in August
Reuters – Gambling revenue in Macau rose 17.6 percent in August year-on-year, buoyed by a steady flow of wealthy Chinese punters to China’s only legal casino hub. August’s revenue of 30.7 billion patacas ($3.88 billion) was the second strongest figure this year, according to government data released on Monday. Analysts had forecast August growth in the world’s biggest gambling market to be up 17-19 percent. A Portuguese colony until 1999, Macau’s gambling revenues are closely twinned with China’s economy as more than two-thirds of its visitors coming from the mainland. Analysts are mostly bullish on Macau, citing low penetration among…
Palazzo Las Vegas Seeks End to Raunch at Nightclub
It turns out that even in Sin City, some sins are hard to overlook. The Palazzo Las Vegas is trying to evict a 10-month-old nightclub for shows it says are so raunchy that they violate obscenity laws. It says actors — some nearly naked — toss condoms into the crowd and simulate sex acts and bestiality on stage. The club is seeking a restraining order to halt the closure, arguing that simulated sex acts don’t constitute obscenity. Casino officials “were well aware of our brand,” said Sean Dunn, special events director at The Act, in an email statement, adding that representatives…
Investors close to purchasing an Atlantic City casino
Press of Atlantic City – An investment group that combines Asian and American financing with one of Europe’s leading Internet gambling companies is close to buying an Atlantic City casino, the executive overseeing the negotiations says. The group, however, refuses to divulge any information about the casino other than to say it is on the Boardwalk. Nine casinos are located on the Boardwalk. Three more casinos are located in the city’s Marina District. London-based Internet company 2UP Gaming and MidOil USA say they have lined up $330 million in funding to buy and refurbish the casino. Asian financial backers are…
Bally $1.3 billion buyout of SHFL Entertainment gains FTC approval
Casino City Times – Bally Technologies, Inc.’s $1.3 billion acquisition of SHFL Entertainment passed a mandatory waiting period from the Federal Trade Commission without any concern of antitrust issues. The slot machine manufacturer said Tuesday the waiting period under the Hart-Scott-Rodino Antitrust Act expired Monday without any action or questions by the FTC. Completing the waiting period satisfies one of the conditions required to finalize the acquisition. Bally and SHFL announced the merger on July 16. Bally will acquire SHFL at a price per share of $23.25. The transaction still requires regulatory approval in several jurisdictions, including Nevada. SOURCE
Churchill Downs online gambling expansion
Courier Journal – Churchill Downs Inc. is considering adding 50 new positions paying an average of about $100,000 in Louisville as part of its effort to offer online gambling games like poker. The Louisville-based casino and racetrack company received Kentucky Economic Development Finance Authority approval Thursday for $1 million in tax incentives to add employees at its headquarters on North Hurstbourne Parkway as part of a $4 million expansion. A statement issued by company Chairman and Chief Executive Officer Bob Evans said the additional Louisville jobs would be tied to Churchill’s hopes to offer Internet gambling as its legality is…
















