Friday, December 30, 2011

Gaming - gambling companies happy as U.S. signals end of prohibition; Players rejoice

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Shares of online gaming firms hit the jackpot after the US Department of Justice revealed it now plans to free them from legislation that should only apply to sports betting.

As industry experts forecast the beginning of the end for online gambling prohibition in the US, Bwin.Party Digital Entertainment jumped 29.7p to 160p, 888 Holdings advanced 3.25p to 39.25p and Playtech 34.5p to 266p.

There is no doubt the new stance on the Wire Act of 1961 marks a huge shift for the Justice Department, which has previously proclaimed all forms of internet gambling – especially the increasingly popular online poker – are illegal.

The Wire Act, which banned gambling via telecommunications across state lines, has also been applied within states to prevent web-based betting.

But in recent months it has become evident the Justice Department was moving away from that strict interpretation.

In April Preet Bharara, the US Attorney in Manhattan, indicted 11 individuals in a crackdown on online poker websites and launched a £1.95bn civil lawsuit against firms including PokerStars and Full Tilt Poker, but did not include any Wire Act violations among the charges.

Rather, Bharara alleged the men had violated the Unlawful Internet Gambling Enforcement Act, which became law in 2006, and the Illegal Gambling Business Act.

And as the Justice Department now advises that the Wire Act does not apply to online poker, industry followers believe the way is clear for online gambling to proceed within state boundaries.

Broker Investec advised that the states of California, New Jersey, Nevada, Illinois, New Hampshire, Florida and Washington are in advanced discussions to open up gambling across state lines too, with regulation likely to take shape during the upcoming year.

A spokesman for Bwin.Party Digital Entertainment said: "It is an interesting step forward and we will continue to keep a close eye on the situation."

If individual US states are allowed to profit from online gambling, the federal government will soon take an increased interest in controlling and taxing the market rather than allowing a patchwork quilt to emerge.

Bwin.Party brands include PartyPoker, PartyCasino, PartyBets and World Poker Tour.

Other countries whose citizens enjoy online gambling - such as Australia, New Zealand, South Africa and Italy are watching the situation closely.

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Wednesday, December 28, 2011

The Star Lyric Theatre To Open Annie The Musical In Sydney

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The Star, owned and operated by Echo Entertainment, has organised a media call for this coming Tuesday 3rd January at the Lyric Theatre.

We will be attending to cover the ever-popular Broadway musical Annie prior to the official opening night of the show at 7pm on Thursday January 5, 2012.

Three musical numbers from the show will be performed, and afterwards producer John Frost and lead cast members Anthony Warlow, Nancye Hayes, Todd McKenney, Chloe Dallimore, Julie Goodwin and Alan Jones will be giving interviews and be available for photograph opportunities and more.

The musical numbers will be:

It’s the Hard Knock Life – featuring the children’s cast

Easy Street – featuring Nancye Hayes, Todd McKenney and Chloe Dallimore

A New Deal for Christmas – featuring Anthony Warlow, Julie Goodwin, Alan Jones and the ensemble cast.

Based on the popular Harold Gray comic strip “Little Orphan Annie”, the musical Annie burst into popularity in 1977 when it opened on Broadway. After running there for nearly six years, it has played in over 22 countries worldwide including the UK, Argentina, Japan, Germany, Sweden, Spain and Australia. Annie became a smash-hit movie musical in 1982 starring Aileen Quinn, Albert Finney and Carol Burnett that is adored worldwide and a fixture of popular culture references.

Annie is full of toe-tapping hits which have become staples of musical theatre repertoires worldwide and now, 34 years on, it remains one of the most loved and universally appealing musicals of all time.

Annie plays in Sydney until March 25 before a national tour.

It all marks another interesting development in the Australian casino wars, as agency, Media Man has been calling it for a few years now, and it will be interesting to see how Melbourne based competitor of The Star, Crown Casino, responds with their entertainment line up, which is also ramping up on the west coast on Australia with the newly named Crown Perth (formally Burswood Entertainment Centre).

The battle for the Australian entertainment dollar continues, and certainly Sydney's The Star is going full speed ahead and betting that world class entertainment will remain paramount in the quest to bring more punters to land based casinos and entertainment complexes.

Media blurb we secured...

The timeless tale of Little Orphan Annie is back, giving a whole new generation the chance to experience this classic musical about never giving up hope. Boasting one of Broadway's most memorable scores, including It's the Hard-Knock Life, Easy Street, N.Y.C. and the ever-optimistic Tomorrow, Annie is one of the most awarded and loved musicals of all time. Reprising one of his all-time favourite roles as the charismatic and sophisticated New York ‘zillionaire' Daddy Warbucks, is Anthony Warlow. He will be joined by the ever-popular Nancye Hayes playing everyone's favourite villain, Miss Hannigan. Todd McKenney, ChloĆ« Dallimore and Julie Goodwin also bring their talents to this delightful musical. And in a special treat, radio star Alan Jones will join the cast in the role of Franklin D. Roosevelt.

A MESSAGE FROM PRODUCER JOHN FROST

It gives me great pleasure to bring ANNIE back to Australian audiences. When I produced this show 12 years ago I was overwhelmed by the response it received. ANNIE is such a well known, well loved production that appeals to so many different age groups. Its popularity means that it is staged once a year in many countries around the world, and I have no doubt that the Australian audiences are well and truly ready to see it again.

This time around, I am especially delighted to be able to work once more with Australia's favourite leading man, Anthony Warlow and theatrical legend Nancye Hayes.

To be taking this wonderful show and the star studded cast on tour in 2012 presents a unique and exciting opportunity to reach a new generation of Australians and it gives me enormous pleasure to think that people Australia wide will again be able to experience this special production.

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Tuesday, December 27, 2011

Nevada approves online poker framework - 23rd December 2011

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In the United States, the Nevada Gaming Commission unanimously approved a set of proposed regulations on Thursday that would permit companies to apply for licences in order to operate online poker for residents of the western state.

The proposals were widely supported by the industry and require applicants to prove their ability to maintain controls on registration, prevent underage play and establish the location of players before being licensed.

Regulation 5A was one of six draft proposals adopted or amended yesterday by the Nevada Gaming Commission and also addresses what information is to be presented on websites and establishes procedures for record keeping, dispute resolution, fees, taxation and problem gambling notifications.

The Nevada Gaming Commission is already considering applications from six companies in Cantor Gaming, Shuffle Master Incorporated, International Game Technology, Bally Technologies Incorporated, Caesars Entertainment Corporation and the South Point Hotel Casino and officials are optimistic that approving the regulations will lead to technology firms opening operations in Nevada and expanding current business.

The push to legalise online poker in Nevada goes back to mid-March when Las Vegas Assemblyman William Horne submitted his AB258 bill. This proposed legislation was approved by the Nevada Assembly in May before being passed by the Democrat-controlled Nevada Senate and signed into law by Republican governor Brian Sandoval less than a month later.

Yesterday’s public hearing to pass the framework required to implement Horne’s legislation saw no opposition or major amendments as it had already been revised eleven times and state officials now await the repeal of the federal Unlawful Internet Gambling Enforcement Act (UIGEA) before being able to legally license operators.

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Friday, December 16, 2011

Casino Stocks Report (MGM) (WYNN) (LVS) (CNTY) (MPEL) - 16th December 2011

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MGM Resorts International (MGM) stock moved 0.43% higher to $9.33 per share in today's trading. Stock volume in MGM Resorts International was 5 million shares in the trading session.

Wynn Resorts advanced 1.87% in today's session to $106.54 per share. In the last 12 months, Wynn Resorts has seen a high of $172.58 and a low of $100.51 per share.

Las Vegas Sands Corp moved 1.91% higher to $41.57 per share in today's trading. Shares of Las Vegas Sands Corp have traded as high as $51.05 per share and as low as $36.05 in the last year.

Century Casinos advanced 0.87% in today's session to $2.32 per share. 6,800 shares were traded so far in today's session. On average, a total of 14,172 shares are exchanged in CNTY each day.

Melco Crown Entertainment Ltd (MPEL) stock moved 3.11% higher to $8.9909 per share in today's trading. In the last 12 months, Melco Crown Entertainment Ltd has seen a high of $16.15 and a low of $6.1 per share.

*The writer owns shares in Crown Limited

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Wednesday, December 14, 2011

Crown Casino And Crown Limited News Update

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Australian land based casinos continue their entertainment push, with big name celebrities and more expensive casino re-vamps in the works. The massive casino image make-over may have started in 'Sin City' Sydney and spread to Melbourne, but now Perth is centre stage, but not without the usual hassles that are known to hit casinos. As they say, high risk, high rewards, and sometimes even the house doesn't win, which is good news for punters.

Crown emergency as toddler almost drowns - 12th December 2011...

A three-year-old boy who almost drowned in a pool at the Crown casino complex had been signed into the area by an adult.

Staff members found the boy floating face down in the pool just after 5pm yesterday.

Crown spokesman Gary O'Neill said a trained pool attendant responded to a call for help.

The boy was pulled unconscious from the water, he was treated at the scene and emergency services alerted, Mr O’Neill said.

It is understood family members were close by.

Mr O’Neill said, as was policy in the area, the child had been signed into the pool complex by an adult.

Intensive care paramedic Alan Eade said the boy was unconscious when he was pulled from the water.

"Staff put the boy on his side and tilted his head back, which helped open his airway [to] ensure he was breathing," Mr Eade said.

The Metropolitan Fire Brigade continued providing the boy with oxygen until paramedics arrived.
The boy was discharged from the Royal Children's Hospital.


Crown casino car fire sets off sprinklers - 13th December 2011...

A car on fire in the underground Crown casino carpark has sent plumes of smoke through one of its levels.

MFB fire crews were called to the scene about 4pm after the engine caught alight, setting off the basement's sprinklers.

Five fire crews were unable to drive trucks into the carpark and were forced to hook up to hydrants set up inside the basement.

The cause of the fire, which destroyed the car, is unknown.

An MFB spokesman said smoke extraction fans were being used to clear the smoke, which was billowing out the basement doors.


Burswood Entertainment Complex To Become Crown Perth...

James Packer has confirmed the Burswood Entertainment Complex will be renamed Crown Perth and "new and exciting" projects were coming up for the entertainment and gaming hotspot.

The new branding would place Burswood in a better position to compete with world-class integrated resorts popping up throughout Asia, and reinforced his belief in the complex and its future, Mr Packer said.

Speaking at the Burswood Convention Centre, the Crown Ltd boss said Australia was falling behind Asian nations such as Singapore, Macau and the Philippines in the increasingly lucrative but also competitive international tourism market.

One hundred million Chinese were expected to travel overseas by 2020, spending $800 billion per year.

Asian governments were playing a more active role in boosting their tourism sectors, funding multi-million dollar tourism infrastructure projects and heavily promoting their new integrated resorts in state tourism campaigns, Mr Packer said.

Macau, for example, had overtaken Las Vegas as the number one destination for gaming tourists. Singapore was projected to do so next year, while the Philippines had stated its aim to become number two in the market.

In return for the public investment, Singapore reaped its largest ever growth in global domestic product, 14.5 per cent.

Mr Packer said Australia was missing out and governments had to be more proactive in improving the country's international tourism appeal or the potential would slip away.

In particular, he called on the federal government to relax its policy on direct flights to Asia, improve the ease of access to Australian visas and make airports more efficient.

"We must listen to the customer and increase investment in tourism infrastructure and related services and activities," he said.

Crown Perth To Power Ahead

Burswood is half-way through a $750 million refurbishment instigated after Crown purchased the 26-year-old site in 2004.

It is due to be completed by the end of 2012, at which time it will become Crown Perth.
"I'm determined that this property will be at least as good as Crown Melbourne or Crown Macau," Mr Packer said.

"[The rebranding also would help] create two of the best integrated tourism resorts in our region and assist Australia to become a more attractive tourism destination for the critical Chinese tourism market.

"We don't think we're there yet in terms of this facility (Burswood). Putting the Crown brand on it is a statement that we are going to get there."

Mr Packer admitted his company would benefit financially from the state government's planned sports stadium at the site but said he had not been approached to pitch in for costs and nor would he have if he was asked.

"If asked, our response would have been we're not in the stadium business, they're not a good business," he said.

"Now that the Premier has decided to put it there, we're very grateful.

"It's going to fundamentally change the Burswood Peninsula."

Mr Packer all but confirmed the present golf course would have to go to make room for the stadium but said he would like to see it rebuilt at a later date.

"It's highly likely that we will, in time, develop new and exciting projects that aren't included in the $750 million capital expenditure," he said.

"Things like golf are part of trying to build a tourism destination that is truly world class.
"We want to do much more here. We believe in this city, we believe in this state, we think as a company we are lucky to be here."

The Perth waterfront redevelopment

Mr Packer said the state government's massive waterfront redevelopment would do wonders for the city's tourism appeal.

"This city has an almost unique opportunity to take some of the waterfront that is still available and to fantastic things," he said.

"One of the things that always excites me is to see that there's so much land available and so many great things that could be done with it."

Mr Packer said many of his customers would eventually engage more with Perth if their experience was good.

They would potentially send their children to education here or for medical services.


Crown Casino 'Aussie Millions' Poker Tournament In January; PartyPoker Offering Qualifiers...

Poker players have an opportunity to win a seat to the world famous Crown Casino 'Aussie Millions' Poker Championship coming in January 2012. Head on over to Bwin.Party Digital Entertainment's PartyPoker.com for more information. Good luck on the tables.


Punter's, remember, if you visit a casino you are taking a gamble - a bigger one than that you first bargained for. Little wonder for the rise in popularity of online casino games like the ones offered by Bwin.Party Digital Entertainment which now even has competitions where online poker players can win qualifiers to see them seated at Crown Casino 'Aussie Millions Poker Tournament' this coming January. Casino game players may also like to check out the vast selection of games such as slots, blackjack, roulette and craps at PartyCasino.com New players can get up to $3000 sign up bonus. Good luck.

*The writer owns shares in Crown Limited

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Monday, December 12, 2011

Frank Sinatra's Rat Pack Birthday Extravaganza

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A three part birthday extravaganza kicked off Sunday, celebrating Frank Sinatra's Birthday and to benefit the Alzheimer's Association's California Southland Chapter.

Old Blue Eyes would have turned 96 on Monday. The three-part gala, starting at Sinatra's old Twin Palms estate, will celebrate the life, artistry and birthday of the Hoboken, N.J.-born crooner who came into the world in 1915.

Named for Sinatra's 10th studio album, "A Swingin' Affair," the fundraiser will start with a cocktail party at Sinatra's Twin Palms estate. Canadian jazz artist Matt Dusk will play at Twin Palms, an estate designed by architect E. Stewart Williams where Sinatra and his first wife, Nancy, then Ava Gardner, lived.

Afterward, the fun will move to the Riviera Palm Springs, where actress Pamela Anderson will be holding court in the Starlite Lounge, helping deep-pocket supporters find their checkbooks.

At the Riviera, where the late singer held many of his famous parties, son Frank Sinatra Jr. and his Big Band Orchestra will handle the entertainment, along with Broadway star Lainie Kazan.

Of course, there's also an after-party, beginning at 11:30 p.m. at the Starlite Lounge in the Riviera.


Pamela Anderson, Frank Sinatra Jr., The X Factor's Phillip Lomax, & America's Got Talent's Daniel Joseph Baker Perform at A Swingin' Affair! Gala

Superstar performances set for Frank Sinatra's Birthday Bash in Palm Springs, Tickets Nearly Sold-Out for Alzheimer's Association Benefit

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PALM SPRINGS, Calif., Dec. 6, 2011 - A Swingin' Affair!, the Frank Sinatra birthday gala to benefit the Alzheimer's Association on Dec. 11 in Palm Springs, is becoming as star-studded as the late Sinatra's life.

Recently added to the lineup of spectacular talent are Phillip Lomax, whose crooner ways led him to the Top 17 on this season of The X Factor, and actor/singer Luca Ellis, who just earned three Ovation nominations for his musical on Frank Sinatra, Hoboken to Hollywood. They join the previously announced Pamela Anderson, Frank Sinatra Jr., America's Got Talent's Daniel Joseph Baker, Matt Dusk, and Lainie Kazan.

The three-stop event kicks off with an exclusive VIP cocktail hour at Sinatra's former Twin Palms estate, which was designed by famed architect E. Stewart Williams and lived in by Sinatra and first wife Nancy and then Ava Gardner. Canadian jazz artist Matt Dusk, who has three No. 1 international hits under his belt, will perform and cocktails and canapes will be served poolside from 2-5 p.m.

Stop two of the night is the Grand Gala at the posh Riviera Palm Springs Resort & Spa where Sinatra held most of his lavish parties. Architect and visionary Irwin Schuman designed the historic location and the event will be fashioned in the grand Hollywood Regency style. Pamela Anderson serves as hostess of the night, with performances by Frank Sinatra Jr. and his Big Band Orchestra, singer/pianist Daniel Joseph Baker from season 6 of America's Got Talent, Phillip Lomax from The X Factor, Matt Dusk, and actress/Broadway star Lainie Kazan. A sumptuous three-course dinner will be served and cocktails will be flowing.

The night closes with an after-party, starting at 11:30 p.m., at the swanky Starlite Lounge in the Riviera. Daniel Joseph Baker will once again perform, as well as the aforementioned Phillip Lomax and Luca Ellis. Cocktails will be flowing into the wee small hours of the morning. A special toast and a cake will be cut in honor of Sinatra's birthday. (He would've been 96 years old this year.)

A limited number of tickets are still available for all three parts of the gala and can be purchased by calling 760-561-5561 or on the website, http://www.aswingingaffair.com

About the Alzheimer's Association

The Alzheimer's Association works on a global, national and local level to enhance care and support for all those affected by Alzheimer's and related dementias. Alzheimer's disease is an irreversible degeneration of the brain that causes disruptions in memory, cognition, personality, and other functions that eventually leads to death from complete brain failure. Over 5.4 million Americans age 65 and older are thought to have Alzheimer's disease. Learn more at: www.alz.org

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Wednesday, December 07, 2011

Casino Executive Based In Las Vegas Not A Fan Of Online Gambling; Competitor Is Pro Online Casino - Poker, by Greg Tingle - 8th December 2011

World's Richest Casino Exec Not So Keen On Online Casinos, Poker...

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You may not of heard of this cashed up gambling and property tycoon, but he's happy to share his thoughts on online gambling, especially when it comes to his U.S turf. No, it's not Donald Trump, Steve Wynn or even Richard Branson. Meet Sheldon Adelson.

Adelson is by all accounts the world's wealthiest casino executive and top dog of the industry's largest publicly traded company, says he is against online gambling because he doesn't believe available technology is good enough at the moment to prevent young people from making wagers on the Internet, a spokesman said Wednesday.

Adelson's sharing his personal viewpoint is just that - personal - rather than a formal stance taken by his firm that owns and operates casino-resorts in Las Vegas, Macau, Singapore and Bethlehem, Pa., Las Vegas Sands spokesman Ron Reese said.

Reese advised Adelson hasn't spoken with the company's board about his position, nor has the board decided an online gambling plan.

"It's a personal observation of concerns about technology," Reese said.

The opposition comes at a time when numerous other operators, including Caesars Entertainment Corp and MGM Resorts International, have backed an industry push to legalize online poker and let established land based casinos offer the service in the U.S. MGM Resorts International even went as far as to ink a deal with world's leading igaming firm Bwin.Party Digital Entertainment.

Poker, which involves a combination of skill and luck (as ruled in legal cases), now huge on the internet (see World Poker Tour and World Series of Poker), has been illegal online for real money since a 2006 law was brought in and ruled against igaming operators from providing games by preventing financial institutions from processing funds for the majority of online gaming.

The land based casino sector has swayed over the years from anti online gambling to largely pro online gambling, of course, with them getting some of the financial rewards. The bricks and mortar casinos have seen some of their punters go online to bet, with the traditional casinos missing out of the action. It's unclear how much revenue traditional casinos are down, thanks to online casinos, but a Media Man spokesperson said "Online casinos have cost land based casinos in the U.S and elsewhere, many millions, if not billions of dollars. Vegas and Atlantic City land based casinos are down. People still like to bet and the internet serves them well, be it for poker, casino, sports betting or slots".

The American Gaming Association, the leading U.S gaming lobby group, has switched from a neutral stance to pro actively pursuing federal legislation that would allow for legalization and regulation of online poker. Online poker could be a lead in to online casino games.

Frank Fahrenkopf, CEO of the American Gaming Association, said he met with Adelson on Monday and Adelson advised him he'll oppose legislation to legalize online poker on U.S soil.

"Sheldon has long had concerns about this issue, and it is perfectly within his right to make this decision," Fahrenkopf said in a statement. "However, the AGA, at the direction of our board of directors, will continue to support federal legislation to allow states to license and regulate online poker."

The online gambling industry is not seeking to legalize other games like blackjack, craps and slots online. Those games are a different kind of animal because players wager against the house. In poker, players wager against each other and operators take a fee from each pot in exchange for hosting the game. Of course if online poker becomes totally legal in the U.S, this may lead to online casino games also becoming totally legal in the states.

The matter of online poker has heated up among players and casino executives in the past 12 months. U.S. Senate Majority Leader last year pitched a blueprint to legalize poker that fell short without legislation being introduced. Last April, three of the largest online gaming operators who offered online poker in defiance of the law had their websites seized and executives indicted by the U.S. Justice Department, accused of financial crimes including fraud and money laundering for disguising payments for gambling funds as transactions for things like flowers and golf balls. The day it all went down, including sites going down et al, is known in igaming circles as 'Black Friday'.

After the indictments, the estimated $6 billion U.S. online poker market dived overnight, leaving many players unable to access funds in online poker bankrolls.

Then, with the "big three" poker websites closed out of the U.S, the American Casino Association became more active in urging lawmakers to close loopholes and draw up better regulations.

One thing is for certain. Online poker and online casino players are not going to want to stop playing the games they love. Players are mainly sticking to brands they know and trust with some of the leading contenders being PartyPoker.com PartyCasino.com PKR.com World Poker Tour and the World Series of Poker.

Australian casino mogul James Packer's Crown Casino has the 'Aussie Millions Poker Championship' coming up in Melbourne this January and providers such as PartyPoker.com are even offering qualifying poker matches, where players get to 'Win a seat to Aussie Millions'. Bwin.Party's World Poker Tour is also broadcast of American and Australian pay television, which online helps fuel the popularity of online gambling.

Fahrenkopf advised his casino association wants federal legislation that allows U.S states to decide whether to offer poker to its residents, keeps youngsters from gambling online and lets law enforcement shut down illegal operators.

If you enjoy a punt, please bet with your head, not over it, and have fun.

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Donald Trump says US should legalize Internet betting...

Donald Trump has witnessed lots of money side slipping him, and he's hoping that situation changes soon.

The real estate, gaming and entertainment tsar, and founder of an Atlantic City casino company says the US should legalize internet gambling. The company that bears his name, Trump Entertainment Resorts, is moving forward with plans to establish an online betting venture... just as soon as it is legal to do so.

The company says it wants to get in on the ground floor of the internet gambling industry, and is close to selecting a joint venture partner to run an online gambling operation. The idea is to be well-placed and ready to go as soon as such activity is legalized in the United States.

"It should be approved here," Trump told news media. "An awful lot of money is leaving the U.S. that should and could stay in this country."

Trump Entertainment, which includes Donald Trump and daughter, Ivanka, and the Avenue Capital hedge fund, would own 10% of the new business venture.

Donald Trump advised the key to success in the online gambling market is having the best brand.

"We think we have the hottest brand there is, the Trump brand, my personal brand," he said. "We think it's going to do phenomenally well."

In a filing with the Securities and Exchange Commission, Trump Entertainment said it has "determined that such a joint venture represents the most advantageous way for the company to participate in opportunities in online gaming at minimal cost to the company."

No cost estimates were given, and Robert Griffin, the company's CEO, declined to comment Thursday. But in March, after Gov. Chris Christie vetoed a bill passed by New Jersey lawmakers that would have allowed Internet betting solely within New Jersey's borders, Griffin said the money lost to offshore operators should benefit New Jersey.

The new law would seen New Jersey become the first state in the nation to allow Internet betting.

"Currently, millions of Americans engage in online gaming with illegal offshore operators, and do so with no oversight, no regulation or no consumer protections," Griffin said at the time. "It makes sense for the state of New Jersey to regulate this activity, enforce strict standards to ensure games are fair and safe, and in turn be able to collect tax revenue instead of having those dollars and the jobs they support leaving New Jersey and going illegally overseas."

Christie advised he vetoed the law fearing it was unconstitutional and could lead to an explosion of betting parlors throughout the state. By law, gambling in New Jersey is restricted to gaming hotspot Atlantic City.

But a New Jersey lawmaker is asserting that individual states in fact have the legal right to offer in-state Internet gambling within their own borders.

State Sen. Raymond Lesniak, D-Union, wrote in July to U.S. Attorney General Eric Holder asserting that New Jersey and all other states can legally offer online betting within their borders.

Lesniak said he will introduce legislation in November to address the prime concerns expressed by Christie.

The filing said the company, Donald and Ivanka Trump, and Avenue Capital have signed an agreement authorizing the joint venture once it becomes legal, and that prohibits any of them from seeking other online gambling ventures through May 2012.

Atlantic City is in the midst of a nearly 5-year revenue slump brought on by increasing competition from casinos in neighboring states, and worsened by the continuing unsteady economy. It's also speculated that many AC businesses have not adapted well to the internet medium.

Just a few online gaming companies that are understood to be interested in coming to business terms with Trump include Bwin.Party Digital Entertainment, Richard Branson's Virgin Games and PKR. Most experts see Bwin.Party as the best bet, as they don't have any outstanding issues with the US Department of Justice, and have been playing by the rules (law) for many years, while other gambling companies continue to go after U.S players.

Internet gambling is legal in many countries, with the U.S being a glaring exception.

Media Man is following up.

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Monday, December 05, 2011

Casino And Gaming Stock Report: Australia And New Zealand, by Greg Tingle - 5th November 2011

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Australian land based casinos continue their entertainment push, with big name celebrities and more expensive casino re-vamps in the works. The share market continues to react to the political hotbed that is the Aussie casino and gambling industry. Southern neighbour, New Zealand, is also prone to gaming being quite the punching bag. Can't wait to the next election. How about you?

Australia’s S&P/ASX 200 Index rose 0.8 percent to 4,321.3 at the close of trading in Sydney. New Zealand’s NZX 50 Index gained 0.6 percent to 3,301.22 in Wellington.

Echo Entertainment Group Ltd. (EGP AU) rose 1.3 percent to A$3.83 after the owner of four Australian casinos had its rating raised to “hold” from “sell” by Adam Alexander, an analyst at Goldman Sachs Australia Pty.

Sky City Entertainment Group Ltd. (SKC NZ) rose 0.3 percent to NZ$3.40 after the New Zealand casino owner agreed a NZ$185 million ($144 million) seven-year banking facility to repay U.S. private placement debt of around NZ$250 million.

Tabcorp Holdings Ltd. (TAH AU) declined 0.7 percent to A$2.80 after Australia’s biggest owner of betting shops was cut to “sell” from “hold” at Goldman Sachs Group Inc., which said earnings may stall in the next two years on higher license costs and a "lack of positive catalysts."

The Late News...

European gaming giant Bwin.Party Digital Entertainment, along with PKR and Virgin Games, are all understood to be keen to officially enter the Australian market. Bwin.Party has done some good warm up work on the political and business side, including now offering online poker players to win a seat at James Packer's annual poker championship in Melbourne 'Aussie Millions'. The Media Man agency has been filing regular reports here and on portals such as Casino News Media, Gambling911 and Poker News Daily are following suit. Mr Packer is understood to be pleased with the lead up news stories on the 2012 'Aussie Millions', at a time when Crown appear to be welcoming any balanced and especially positive coverage of Crown with open arms. Sydney's 'The Star' is also having a poker tourney, with much less fanfare than that of Crown. Any would be James Bond poker players out there? Comon' sport, try your luck and tell 'em the Media Man agency sent you.

*the writer owns shares in Crown Limited
*the writer is a member of The Star's 'Absolute Rewards' program

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