Category: Land Based Gaming and Casinos
IGT signs Loto-Quebec deal
From iGaming Business American computerised gaming equipment and systems designer and manufacturer International Game Technology (IGT) has signed a deal to give provincial lottery operator Loto-Quebec access to its entire online and mobile games library. Las Vegas-based IGT stated that the full integration using its rgs technology will provide players visiting Loto-Quebec’s real-money online wagering site at EspaceJeux.com with ‘more games than ever before’ in English and French including interactive versions of the developer’s ‘most popular land-based titles’. “IGT is the leading provider of high-quality casino games to regulated lotteries throughout Canada and worldwide,” said Robert Melendres, Interactive Executive Vice-President…
PokerStars Wants to Save Deal to Buy Casino
From NBC The world’s largest online poker website is appealing a judge’s ruling that cost it the right to buy an Atlantic City casino. The PokerStars website’s parent company, The Rational Group, had a deal to buy The Atlantic Club Casino Hotel – and had already paid $11 million of that to keep it afloat during the winter. But a judge last month let the Atlantic Club out of that deal, ruling that a deadline for Rational to obtain preliminary approval from state authorities to own a casino had passed. The Rational Group appealed that ruling this week. “This is…
MTR Gaming Group launches mobile horserace betting
From iGaming Business American horseracing and casino operator MTR Gaming Group Incorporated has launched a new mobile wagering application that will allow customers to place bets using their smartphones and iPad computers. Already installed at MTR Gaming Group’s Presque Isle Downs and Casino, Scioto Downs Racino and Mountaineer Casino, Racetrack and Resort regional venues, the technology permits punters who have created an account to bet on live or via simulcast while in specific areas of a track facility. The West Virginia firm stated that mobile gambling at racetracks will ‘attract a new generation of younger, technologically savvy patrons to horseracing’…
BBC: Horse racing revenues hit by rise of offshore gambling
From BBC Horse racing was still worth £3.45bn to the UK economy in 2012 despite falling gambling revenues, a report has found. The report by the British Horseracing Authority (BHA) and Deloitte blamed the rise in online betting through sites based abroad for revenues falls. Web-based bookmakers do not pay a 10.75% levy to the industry, unlike physical betting shops. But the report said increases in revenues from television rights had partially offset the losses. When inflation is taken into account, horse racing was worth just 1.4% less to the UK economy than it was in 2008 – the last…
How SHFL Entertainment Aims to Reap Casino Riches
From Daily Finance On Tuesday, SHFL Entertainment will release its latest quarterly results. The company formerly known as Shuffle Master faces a huge opportunity in the rapidly evolving gaming market, but it will have to work hard to cash in. SHFL Entertainment makes a variety of products that casinos use, ranging from its namesake Shuffle Master card-shuffling devices, to tracking devices designed to analyze table-game play and detect potential fraud. As the industry moves toward more electronic gaming, however, the company has also seen success in its electronic table systems and other related machines. Let’s take an early look at…
Bet on Latin America Bites Spanish Gambling Giant
Wall Street Journal During Spain’s economic boom of the past decade, one of its largest gambling enterprises followed the lead of other Spanish corporate heavyweights and piled up debt to expand in Latin America. The wager hasn’t paid off. Regulatory setbacks in Mexico and Argentina and a recession that is shrinking its market at home have Codere SA CDR.MC +2.44% scrambling to restructure a growing debt burden. The Madrid-based company’s debt payments due in June are superior to its €88.1 million ($117.2 million) valuation on the Spanish stock exchange, highlighting a credit crunch that is causing a sharp increase in corporate…















