Bwin.Party Digital Entertainment CEO Sees Legal Online Gaming In US Soon
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Legalized online gambling in the U.S. is now a case of 'when', not 'if', Bwin.Party Digital Entertainment PLC (BPTY.LN) Co-CEO Jim Ryan said Wednesday, adding that he expects the foundations to be laid this year.
But speaking at the ICE online gambling conference in London, the co-chief executive advised that establishing it up will take time.
The process of passing legislation, drawing up regulation, vetting and licensing operators will likely last through 2012, he said, and he speculates that actual operations likely won't happen before next year.
Partygaming, which last year merged with Austrian peer Bwin to form Bwin.Party Digital Entertainment, along with other European operators withdrew from the U.S. market in 2006 shortly after then-President George W. Bush signed a bill designed to prohibit U.S. banks and credit card companies from processing payments to gambling websites.
Partygaming paid a $105 million fine as part of a non-prosecution deal with the DOJ (Department Of Justice) in 2009, for admitting indirect contravention of US law, but in anticipation of a relaxation of the rules, Bwin.Party last year inked a joint venture with U.S. casino operators MGM and Boyd to operate online gaming if and when it became legal in the U.S.
Ryan's confidence comes after a recent ruling by the U.S. Department of Justice, which clarifies the scope of the Wire Act, a law that in the past has been used stop online gambling sites. The ruling essentially gives U.S. states the green light to allow gambling within their borders, according to online gambling experts.
Still, Ryan said this doesn't mean the company is in line to recoup any of the $105 million fine.
Bwin.Party and its joint venture partners have already applied for a preliminary suitability review in Nevada which will lay the groundwork for gaining a license there once regulation is agreed.
Ryan also told the press the sale process for its Ongame poker network is very advanced and he expects to be able to announce further news in the not too distant future.
He confirmed recent reports that the company is looking for an executive to head up its payments processing division CQR with a view to ultimately taking it public, but said this was several years away.
He said the company wants to expand its online payments operations outside of the gambling sector to build an online merchant market place, increasing the value of this asset and ultimately realising shareholder value by listing it on the stock market.
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Sunday, January 29, 2012
Aussie Millions At Crown Casino, Melbourne: Phil Ivey Wins 2012 Aussie Millions $250,000 Super High Roller
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James Packer’s Crown Casino continues to host the annual Aussie Millions Poker Championships. Here's the latest on one of the world's most prestigious poker tournaments.
The 2012 Aussie Millions $250,000 Super High Roller commenced on Saturday and went till the wee hours of the morning on Sunday.
Phil Ivey snatched the $2,000,000 first-place prize after defeating Patrik Antonius heads up.
The last live tourney Ivey showed for was back in November for the APPT Macau, but there was no win back then.
First, he placed 12th in the Main Event for $100,000, and then went on to get the largest score of his career by winning the Super High Roller.
The event attracted 16 players, and they all had to buy in with 6 figures - no misprint. The top three spots were set to be paid and a bubble of $800,000.
Among the stars taking part in the event were last year's champion Erik Seidel, last year's runner-up Sam Trickett, Tom Dwan, Jason Mercier, John Juanda and Sorel Mizzi. In addition, the event had a handful of businessmen including Richard Yong, Paul Phua and Winfred Yu.
The first player eliminated was Dwan, who went down at the hands of Gus Hansen. After the elimination of Nick Wong, Seidel busted during Level 5. He exited thanks to $100,000 Challenge winner Dan Smith after his pocket eights couldn't overcome Smith's jacks.
After Yu got out in sixth place and Mizzi in fifth, the largest bubble of the year was set to take place. The two players joining Ivey and Antonius were Daniel Negreanu and Gus Hansen. From that bunch, the only man not doing so well was Negreanu, who turned out to be the bubble boy.
On his final hand, Negreanu was all in from the big blind with the during the 5,000/50,000/5,000 level for around 750,000 after Antonius raised to 100,000 from the button. Antonius called holding two jacks and was able to hold up as the board ran out .
Hansen was the next to go down, collecting $800,000 for his finish after getting all in on the flop with the against Ivey's. Ivey built to full house and then the river completed the board.
When heads-up play began, Ivey held a slight lead with 2.2 million in chips to Antonius' 1.8 million. He won a big pot about 45 minutes into the match to extend his lead to 7:1 before the final hand came up.
Antonius was eliminated in second place. For his runner-up finish, Antonius snatched $1,200,000.
With his win, Ivey leaps over Negreanu into second place on the all-time money list. Even with his long absence from tournaments, Ivey performed awesomely at Aussie Millions. Many think Ivey is the greatest player in the world.
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James Packer’s Crown Casino continues to host the annual Aussie Millions Poker Championships. Here's the latest on one of the world's most prestigious poker tournaments.
The 2012 Aussie Millions $250,000 Super High Roller commenced on Saturday and went till the wee hours of the morning on Sunday.
Phil Ivey snatched the $2,000,000 first-place prize after defeating Patrik Antonius heads up.
The last live tourney Ivey showed for was back in November for the APPT Macau, but there was no win back then.
First, he placed 12th in the Main Event for $100,000, and then went on to get the largest score of his career by winning the Super High Roller.
The event attracted 16 players, and they all had to buy in with 6 figures - no misprint. The top three spots were set to be paid and a bubble of $800,000.
Among the stars taking part in the event were last year's champion Erik Seidel, last year's runner-up Sam Trickett, Tom Dwan, Jason Mercier, John Juanda and Sorel Mizzi. In addition, the event had a handful of businessmen including Richard Yong, Paul Phua and Winfred Yu.
The first player eliminated was Dwan, who went down at the hands of Gus Hansen. After the elimination of Nick Wong, Seidel busted during Level 5. He exited thanks to $100,000 Challenge winner Dan Smith after his pocket eights couldn't overcome Smith's jacks.
After Yu got out in sixth place and Mizzi in fifth, the largest bubble of the year was set to take place. The two players joining Ivey and Antonius were Daniel Negreanu and Gus Hansen. From that bunch, the only man not doing so well was Negreanu, who turned out to be the bubble boy.
On his final hand, Negreanu was all in from the big blind with the during the 5,000/50,000/5,000 level for around 750,000 after Antonius raised to 100,000 from the button. Antonius called holding two jacks and was able to hold up as the board ran out .
Hansen was the next to go down, collecting $800,000 for his finish after getting all in on the flop with the against Ivey's. Ivey built to full house and then the river completed the board.
When heads-up play began, Ivey held a slight lead with 2.2 million in chips to Antonius' 1.8 million. He won a big pot about 45 minutes into the match to extend his lead to 7:1 before the final hand came up.
Antonius was eliminated in second place. For his runner-up finish, Antonius snatched $1,200,000.
With his win, Ivey leaps over Negreanu into second place on the all-time money list. Even with his long absence from tournaments, Ivey performed awesomely at Aussie Millions. Many think Ivey is the greatest player in the world.
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Thursday, January 26, 2012
Sunday, January 22, 2012
Positive Macau Numbers to Drive Melco Crown Entertainment and MGM Resorts This Earnings Season - 19th January 2012
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Casino Casinos World Casino Directory James Packer Melco Crown City of Dreams Altira Macau Lawrence Ho Gaming Crown Casino Asia Asian Gaming Australian Casinos
Five Star Equities Provides Stock Research on Melco Crown Entertainment & MGM Resorts...
NEW YORK, NY, Jan 19, 2012 - Casino stocks have been on the upswing this week as positive news out of China helped drive shares of gaming companies with a heavy presence in Macau higher. China said its economy grew by 8.9 percent in the fourth quarter, which was slower than the previous quarter. Analysts, however, consider these levels "robust," the Associated Press reports. Five Star Equities examines the outlook for the Resorts and Casinos Industry and provides equity research on Melco Crown Entertainment Ltd. MPEL +0.27% and MGM Resorts International MGM -0.39%.
According to data published by the Macau Gaming Inspection and Coordination Bureau (GICB), gross gaming and gambling revenues in Macau totalled 269.058 billion patacas (US$33.632 billion) in 2011. MacauHub.com reports that revenues in 2011 were an almost five-fold increase on revenues in 2006 (57.521 billion patacas). Revenues also jumped from 189.588 million patacas in 2010.
By the end of 2011, there were 34 casinos in Macau, 20 of which were owned by Sociedade de Jogos de Macau, three by Venetian Macau, five by Galaxy Casino, three by Melco/PBL Jogos (Macau) and one each by Wynn Resorts and MGM Grand Paradise.
A recent article from Forbes helps explain why Macau continues to grow at such a rapid pace. For example, Macau has initiated a series of initiatives to encourage visitors, Forbes reports. The tiny island investing in new transportation links to ease travel for Chinese visitors. Now, a new railway line connects Macau to Guangzhou in China and a new road bridge links it to Hong Kong.
With China's middle class continuing to expand, Forbes highlights an increase in disposable income in China's population, which is driving the growth of mass market in Macau.
Melco seeking Studio City loan...
Local gaming operator Melco Crown Entertainment is in negotiations with banks to try to raise up to MOP 16 billion in debt to fund the development of long-delayed Macao Studio City project.
According to sources quoted by Bloomberg, the Hong Kong-listed company is seeking a loan of around USD 1.5 billion (MOP 12 billion) and will also issue bonds worth USD 1 billion (MOP 4 billion), Reuters adds Melco is currently negotiating with banks to ensure the financing, in case there are not enough takers. The company is about three to four weeks away from hiring banks, sources said.
A source claims the debt will be used to build up Macao Studio City. Last year Melco Crown’s co-chairman Lawrence Ho Yau Lung said the operator would invest USD 1.7 billion (MOP 13.6 billion) in the development of the Cotai project. He added that construction would commence in 2012 and the property may open in 2015.
But there is still no word on whether Studio City will have a casino. On Wednesday the secretary for Transport and Public Works, Lau Si Io, told lawmakers the introduction of a gaming space at the project has not yet been approved.
“And in order to make it a reality, of course, we would need the necessary gaming tables to make the project financially viable for us,” Ho acknowledged last August. The son of ailing tycoon Stanley Ho Hung Sun said he was confident of gaining authorities’ support.
“Before we even undertook investing in the Macao Studio City project, we had dialogue and communication with various levels of the Macau Government and they have been very supportive throughout the way,” Ho said.
Melco and the other five gaming operators all climbed in Hong Kong trading yesterday on expectations they will benefit from more mainland China visitors during the coming Lunar New Year holiday.
“Investors are expecting the footfall in Macau casinos to rise during the Chinese New Year,” said Edwin Fan, an analyst with Bank of China International in Hong Kong, quoted by Bloomberg.
But the holiday period will come too soon for new resort Sands Cotai Central, which will open “between March 22 and 27,” wrote HSBC Global Research’s Sean Monaghan in an investors note.
The analyst, quoted by Macau Business, believes the resort will account for 28 percent of Sands China’s earnings for 2013.
Melco Crown Jumps to Two-Month High in U.S. on Loan Speculation...
Melco Crown Entertainment Ltd. rose to a two-month high in U.S. trading on speculation the Macau casino venture between billionaires Stanley Ho and James Packer is seeking a loan to fund the development of a new project.
American depositary receipts of Melco gained 3.2 percent to $11.18 by 10:41 a.m. in New York, the highest intraday level since Nov. 9. The ADRs, each representing three common shares in the Hong Kong-based company, have increased 6.2 percent over the past three days.
Melco Crown approached banks to finance its Studio City project in the former Portuguese colony city that is the only place in China where public gambling is allowed, according to four people familiar with the matter who asked not to be identified as the details are private. The loan may be about $1.25 billion, two of the people said.
Studio City will be an integrated resort with a “theme and demographic focus” aimed at differentiating it from the company’s existing portfolio of assets, according to Melco Crown’s website. The company is about three to four weeks away from hiring banks, the people said.
Melco Crown’s shares gained 2.2 percent earlier today in Hong Kong to HK$28.15, the equivalent of $3.63 per share. The ADRs are trading at a 2.7 percent premium over the Hong Kong stock.
MGM China Leads Gains in Macau Casinos Ahead of New Year Holiday...
MGM China Holdings Ltd. and Galaxy Entertainment Group Ltd. led gains in Macau casino operators on expectations they will benefit from more mainland China visitors during the coming Lunar New Year holiday.
MGM China advanced as much as 6.9 percent to HK$11.48, the highest intraday level since Nov. 9, before trading at HK$11.38 at 11:34 a.m. in Hong Kong. Galaxy Entertainment climbed as much as 5.8 percent, its biggest intraday gain since Dec. 1.
The week-long Lunar New Year holiday kicks off on Jan 23 and tourists from mainland China tend to boost gambling and shopping revenue in Hong Kong and Macau during that period.
“Investors are expecting the footfall in Macau casinos to rise during the Chinese New Year,” said Edwin Fan, an analyst with Bank of China International in Hong Kong.
Casino revenue in Macau, the world’s largest gambling hub, rose 25 percent in December to 23.6 billion patacas ($3 billion), as Chinese tourists spent more. Chinese gamblers have fueled growth in the former Portuguese colony, where gambling sales have more than tripled in the past four years.
Wynn Macau Ltd. rose as much as 5 percent and Melco Crown Entertainment Ltd. as much as 3 percent.
Sands China Ltd., the Hong Kong-listed unit of billionaire Sheldon Adelson’s Las Vegas-based company, climbed as much as 4.4 percent. SJM Holdings Ltd., Asia’s biggest casino operator by revenue, gained as much as 3.4 percent.
Packer eyes another big investment in Perth casino, as Chinese tourism soars...
Gaming billionaire James Packer is believed to be eyeing another massive investment in Crown's casino in Perth, talking with the state Government about acquiring land for a new hotel and entertainment complex.
According to the Australian Financial Review, Western Australia Premier Colin Barnett is supportive of the idea of another hotel for the listed company.
The report follows the casino group's decisions to change the casino's name from Burswood to Crown Perth, and Packer's comments he wanted to do more build up more attractions such as golf course in the city.
Sources close to the project expect Crown to invest under $1 billion, the paper says.
Housing Industry Association chief economist Harley Dale says commercial has outperformed residential property in the aftermath of the global financial crisis.
"If you were to generalise, you'd say commercial has outperformed there and it's reasonable to take this as another vote of confidence in the medium-term outlook in the WA economy as a whole," Dale says.
Dale says there are signs that hotels, warehouses and the office sector have good growth outlooks, he says.
"At the same time, you seem to continue getting these ticks in the box for aggregate economic conditions in WA, but there are a lot of sectors – such as residential – that are losing out."
Packer last year raised eyebrows by saying Australians over-estimated the effectiveness of their tourism campaigns, and risked ignoring the emerging Asian middle-class.
The Crown Perth plans come as official tourism figures show short-term arrival figures were up 0.8% in the year to November but short-term resident departures soared 8.1% over the same period.
The Australian Bureau of Statistics figures, released yesterday, show that the number of tourists from China rose by 19.7% in the year to November 2011, followed by a 6.3% rise from India, a 3.2% rise from New Zealand and a 1.1% rise from Singapore.
Conversely, tourist numbers from the United Kingdom fell by 6.5%, 5% from the United States, 8.8% from Korea and 9.9% from Japan.
You bet, internet gambling on the rise...
Internet gambling is on the rise, with convenience and accessibility contributing to its popularity, research has found.
The findings follow the largest survey of internet gamblers to date in Australia with more than 6680 people participating in the self-selected, online questionnaire.
Dr Sally Gainsbury, from Southern Cross University’s Centre for Gambling Education and Research, said internet gamblers had significantly more positive attitudes towards gambling.
“People appear to be gravitating towards online gambling because of the availability and the convenience,” she said.
“It can be accessed anytime, anywhere.
“But for people with existing gambling problems, internet gambling may create additional risks.”
Dr Gainsbury said overall the research showed internet gamblers were not more likely to be problem gamblers but they did appear to be at higher risk of developing problems.
She said internet gambling posed particular risks to players; it was constantly available and people could play online in private with relative anonymity.
More than half of the 450 problem internet gamblers responding to the survey said the use of credit cards or internet bank transfers increased the amount they spent compared to less than one in 10 of the 2270 non-problem internet gamblers.
Southern Cross University and the University of Sydney conducted the research.
Anita Hartley at Mission Australia’s North Coast Gambling Counselling Service is not surprised by the research findings.
“Our service is seeing a steady increase of people with online gambling issues and it is a real concern,” she said.
Ms Hartley said she had seen first-hand that it did appear to target the vulnerable.
She said we needed a strong approach to work out sensible safeguards for people, including good government regulation.
“We would encourage the Australian government to take a leading role in influencing the design of global consumer protection standards while online gaming is still in its infancy,” Ms Hartley said.
Internet gambling’s popularity has soared in the past few years with trends indicating an increasing number of people starting to gamble online.
More than half of the survey participants started gambling online from around 2006.
Mission Australia recognises while Australia has a ban on online gaming, Australians can gamble using offshore websites.
“While we do not wish to see a proliferation of online gaming in Australia, we also recognise that a well regulated Australian industry could help to reduce the impact of unscrupulous overseas providers,” Ms Hartley said.
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Profiles
Casino Casinos World Casino Directory James Packer Melco Crown City of Dreams Altira Macau Lawrence Ho Gaming Crown Casino Asia Asian Gaming Australian Casinos
Five Star Equities Provides Stock Research on Melco Crown Entertainment & MGM Resorts...
NEW YORK, NY, Jan 19, 2012 - Casino stocks have been on the upswing this week as positive news out of China helped drive shares of gaming companies with a heavy presence in Macau higher. China said its economy grew by 8.9 percent in the fourth quarter, which was slower than the previous quarter. Analysts, however, consider these levels "robust," the Associated Press reports. Five Star Equities examines the outlook for the Resorts and Casinos Industry and provides equity research on Melco Crown Entertainment Ltd. MPEL +0.27% and MGM Resorts International MGM -0.39%.
According to data published by the Macau Gaming Inspection and Coordination Bureau (GICB), gross gaming and gambling revenues in Macau totalled 269.058 billion patacas (US$33.632 billion) in 2011. MacauHub.com reports that revenues in 2011 were an almost five-fold increase on revenues in 2006 (57.521 billion patacas). Revenues also jumped from 189.588 million patacas in 2010.
By the end of 2011, there were 34 casinos in Macau, 20 of which were owned by Sociedade de Jogos de Macau, three by Venetian Macau, five by Galaxy Casino, three by Melco/PBL Jogos (Macau) and one each by Wynn Resorts and MGM Grand Paradise.
A recent article from Forbes helps explain why Macau continues to grow at such a rapid pace. For example, Macau has initiated a series of initiatives to encourage visitors, Forbes reports. The tiny island investing in new transportation links to ease travel for Chinese visitors. Now, a new railway line connects Macau to Guangzhou in China and a new road bridge links it to Hong Kong.
With China's middle class continuing to expand, Forbes highlights an increase in disposable income in China's population, which is driving the growth of mass market in Macau.
Melco seeking Studio City loan...
Local gaming operator Melco Crown Entertainment is in negotiations with banks to try to raise up to MOP 16 billion in debt to fund the development of long-delayed Macao Studio City project.
According to sources quoted by Bloomberg, the Hong Kong-listed company is seeking a loan of around USD 1.5 billion (MOP 12 billion) and will also issue bonds worth USD 1 billion (MOP 4 billion), Reuters adds Melco is currently negotiating with banks to ensure the financing, in case there are not enough takers. The company is about three to four weeks away from hiring banks, sources said.
A source claims the debt will be used to build up Macao Studio City. Last year Melco Crown’s co-chairman Lawrence Ho Yau Lung said the operator would invest USD 1.7 billion (MOP 13.6 billion) in the development of the Cotai project. He added that construction would commence in 2012 and the property may open in 2015.
But there is still no word on whether Studio City will have a casino. On Wednesday the secretary for Transport and Public Works, Lau Si Io, told lawmakers the introduction of a gaming space at the project has not yet been approved.
“And in order to make it a reality, of course, we would need the necessary gaming tables to make the project financially viable for us,” Ho acknowledged last August. The son of ailing tycoon Stanley Ho Hung Sun said he was confident of gaining authorities’ support.
“Before we even undertook investing in the Macao Studio City project, we had dialogue and communication with various levels of the Macau Government and they have been very supportive throughout the way,” Ho said.
Melco and the other five gaming operators all climbed in Hong Kong trading yesterday on expectations they will benefit from more mainland China visitors during the coming Lunar New Year holiday.
“Investors are expecting the footfall in Macau casinos to rise during the Chinese New Year,” said Edwin Fan, an analyst with Bank of China International in Hong Kong, quoted by Bloomberg.
But the holiday period will come too soon for new resort Sands Cotai Central, which will open “between March 22 and 27,” wrote HSBC Global Research’s Sean Monaghan in an investors note.
The analyst, quoted by Macau Business, believes the resort will account for 28 percent of Sands China’s earnings for 2013.
Melco Crown Jumps to Two-Month High in U.S. on Loan Speculation...
Melco Crown Entertainment Ltd. rose to a two-month high in U.S. trading on speculation the Macau casino venture between billionaires Stanley Ho and James Packer is seeking a loan to fund the development of a new project.
American depositary receipts of Melco gained 3.2 percent to $11.18 by 10:41 a.m. in New York, the highest intraday level since Nov. 9. The ADRs, each representing three common shares in the Hong Kong-based company, have increased 6.2 percent over the past three days.
Melco Crown approached banks to finance its Studio City project in the former Portuguese colony city that is the only place in China where public gambling is allowed, according to four people familiar with the matter who asked not to be identified as the details are private. The loan may be about $1.25 billion, two of the people said.
Studio City will be an integrated resort with a “theme and demographic focus” aimed at differentiating it from the company’s existing portfolio of assets, according to Melco Crown’s website. The company is about three to four weeks away from hiring banks, the people said.
Melco Crown’s shares gained 2.2 percent earlier today in Hong Kong to HK$28.15, the equivalent of $3.63 per share. The ADRs are trading at a 2.7 percent premium over the Hong Kong stock.
MGM China Leads Gains in Macau Casinos Ahead of New Year Holiday...
MGM China Holdings Ltd. and Galaxy Entertainment Group Ltd. led gains in Macau casino operators on expectations they will benefit from more mainland China visitors during the coming Lunar New Year holiday.
MGM China advanced as much as 6.9 percent to HK$11.48, the highest intraday level since Nov. 9, before trading at HK$11.38 at 11:34 a.m. in Hong Kong. Galaxy Entertainment climbed as much as 5.8 percent, its biggest intraday gain since Dec. 1.
The week-long Lunar New Year holiday kicks off on Jan 23 and tourists from mainland China tend to boost gambling and shopping revenue in Hong Kong and Macau during that period.
“Investors are expecting the footfall in Macau casinos to rise during the Chinese New Year,” said Edwin Fan, an analyst with Bank of China International in Hong Kong.
Casino revenue in Macau, the world’s largest gambling hub, rose 25 percent in December to 23.6 billion patacas ($3 billion), as Chinese tourists spent more. Chinese gamblers have fueled growth in the former Portuguese colony, where gambling sales have more than tripled in the past four years.
Wynn Macau Ltd. rose as much as 5 percent and Melco Crown Entertainment Ltd. as much as 3 percent.
Sands China Ltd., the Hong Kong-listed unit of billionaire Sheldon Adelson’s Las Vegas-based company, climbed as much as 4.4 percent. SJM Holdings Ltd., Asia’s biggest casino operator by revenue, gained as much as 3.4 percent.
Packer eyes another big investment in Perth casino, as Chinese tourism soars...
Gaming billionaire James Packer is believed to be eyeing another massive investment in Crown's casino in Perth, talking with the state Government about acquiring land for a new hotel and entertainment complex.
According to the Australian Financial Review, Western Australia Premier Colin Barnett is supportive of the idea of another hotel for the listed company.
The report follows the casino group's decisions to change the casino's name from Burswood to Crown Perth, and Packer's comments he wanted to do more build up more attractions such as golf course in the city.
Sources close to the project expect Crown to invest under $1 billion, the paper says.
Housing Industry Association chief economist Harley Dale says commercial has outperformed residential property in the aftermath of the global financial crisis.
"If you were to generalise, you'd say commercial has outperformed there and it's reasonable to take this as another vote of confidence in the medium-term outlook in the WA economy as a whole," Dale says.
Dale says there are signs that hotels, warehouses and the office sector have good growth outlooks, he says.
"At the same time, you seem to continue getting these ticks in the box for aggregate economic conditions in WA, but there are a lot of sectors – such as residential – that are losing out."
Packer last year raised eyebrows by saying Australians over-estimated the effectiveness of their tourism campaigns, and risked ignoring the emerging Asian middle-class.
The Crown Perth plans come as official tourism figures show short-term arrival figures were up 0.8% in the year to November but short-term resident departures soared 8.1% over the same period.
The Australian Bureau of Statistics figures, released yesterday, show that the number of tourists from China rose by 19.7% in the year to November 2011, followed by a 6.3% rise from India, a 3.2% rise from New Zealand and a 1.1% rise from Singapore.
Conversely, tourist numbers from the United Kingdom fell by 6.5%, 5% from the United States, 8.8% from Korea and 9.9% from Japan.
You bet, internet gambling on the rise...
Internet gambling is on the rise, with convenience and accessibility contributing to its popularity, research has found.
The findings follow the largest survey of internet gamblers to date in Australia with more than 6680 people participating in the self-selected, online questionnaire.
Dr Sally Gainsbury, from Southern Cross University’s Centre for Gambling Education and Research, said internet gamblers had significantly more positive attitudes towards gambling.
“People appear to be gravitating towards online gambling because of the availability and the convenience,” she said.
“It can be accessed anytime, anywhere.
“But for people with existing gambling problems, internet gambling may create additional risks.”
Dr Gainsbury said overall the research showed internet gamblers were not more likely to be problem gamblers but they did appear to be at higher risk of developing problems.
She said internet gambling posed particular risks to players; it was constantly available and people could play online in private with relative anonymity.
More than half of the 450 problem internet gamblers responding to the survey said the use of credit cards or internet bank transfers increased the amount they spent compared to less than one in 10 of the 2270 non-problem internet gamblers.
Southern Cross University and the University of Sydney conducted the research.
Anita Hartley at Mission Australia’s North Coast Gambling Counselling Service is not surprised by the research findings.
“Our service is seeing a steady increase of people with online gambling issues and it is a real concern,” she said.
Ms Hartley said she had seen first-hand that it did appear to target the vulnerable.
She said we needed a strong approach to work out sensible safeguards for people, including good government regulation.
“We would encourage the Australian government to take a leading role in influencing the design of global consumer protection standards while online gaming is still in its infancy,” Ms Hartley said.
Internet gambling’s popularity has soared in the past few years with trends indicating an increasing number of people starting to gamble online.
More than half of the survey participants started gambling online from around 2006.
Mission Australia recognises while Australia has a ban on online gaming, Australians can gamble using offshore websites.
“While we do not wish to see a proliferation of online gaming in Australia, we also recognise that a well regulated Australian industry could help to reduce the impact of unscrupulous overseas providers,” Ms Hartley said.
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Friday, January 20, 2012
Packer's Melco Crown eyes $2b in new debt - 19th January 2012
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James Packer’s Melco Crown joint venture, one of the six licensed casino operators in Macau, is looking to raise up to $US2 billion ($1.92 billion) in debt to fund a new project in the former Portuguese colony, according to sources.
Proceeds will finance Melco's plans to build Macau Studio City, a $US2.5 billionn-plus gaming and entertainment resort on the developing Cotai strip, said one source.
The debt funding will feature a loan-cum-bond combo with the loan expected to be for around $US1.25 billion and the US dollar bond for the remainder, according to another source. The borrower is in discussions with banks for the loan financing and is seeking underwritten commitments.
Melco's last visit to the loan markets was in May 2011 when it raised $US1.2 billlion through a dual-tranche financing comprising an $US800 million term loan and a $US400 million revolver. The term loan amortises to 50 per cent and has a two-year grace period. The blended average life is 4.1 years.
ANZ, Bank of America Merrill Lynch, Bank of China Macau, Commerzbank and Deutsche Bank were coordinating lead arrangers and bookrunners on the fully underwritten facility. The deal paid top-level blended all-ins of 208-308 basis points over Libor.
In May 2010, Melco raised $US600 million through an eight-year non-call four global bond paying a coupon of 10.5 per cent.
Melco is a joint venture between Mr Packer's Crown and Lawrence Ho, son of the Macau gaming mogul Stanley Ho. Crown has a 33.4 per cent stake in Melco Crown Entertainment, which runs the Altira Macau and City of Dreams casinos.
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James Packer’s Melco Crown joint venture, one of the six licensed casino operators in Macau, is looking to raise up to $US2 billion ($1.92 billion) in debt to fund a new project in the former Portuguese colony, according to sources.
Proceeds will finance Melco's plans to build Macau Studio City, a $US2.5 billionn-plus gaming and entertainment resort on the developing Cotai strip, said one source.
The debt funding will feature a loan-cum-bond combo with the loan expected to be for around $US1.25 billion and the US dollar bond for the remainder, according to another source. The borrower is in discussions with banks for the loan financing and is seeking underwritten commitments.
Melco's last visit to the loan markets was in May 2011 when it raised $US1.2 billlion through a dual-tranche financing comprising an $US800 million term loan and a $US400 million revolver. The term loan amortises to 50 per cent and has a two-year grace period. The blended average life is 4.1 years.
ANZ, Bank of America Merrill Lynch, Bank of China Macau, Commerzbank and Deutsche Bank were coordinating lead arrangers and bookrunners on the fully underwritten facility. The deal paid top-level blended all-ins of 208-308 basis points over Libor.
In May 2010, Melco raised $US600 million through an eight-year non-call four global bond paying a coupon of 10.5 per cent.
Melco is a joint venture between Mr Packer's Crown and Lawrence Ho, son of the Macau gaming mogul Stanley Ho. Crown has a 33.4 per cent stake in Melco Crown Entertainment, which runs the Altira Macau and City of Dreams casinos.
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Casino News Media
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Sunday, January 15, 2012
Poker News Media: Aussie Millions Poker Championship At Crown Casino, Melbourne, Australia
Profiles
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If there’s one thing the Australians love more than gambling it’s sport and for them poker is fair game. This means that once the cards hit the felt at the Aussie Millions you can expect a raucous atmosphere from the crowds inside the Crown Poker Room. Indeed, since its inception the Main Event has grown immensely from just 133 runners in 2004, to 681 runners in 2009 and 721 in 2011.
The Aussie Millions is considered to be one of the game’s crowning majors – on a par with the WSOP or the WPT World Championship – and for good reason too. The Melbourne-based tournament is situated in one of the most desirable locations in the southern hemisphere and will again be hosted at the world-class Crown Casino complex, where all manner of poker action will unfold from January 12–30.
As ever the 2012 Aussie Millions schedule will be highlighted by the AU$10,600 Main Event, a five-day behemoth that last year awarded a staggering AU$2 million to winner David Gorr, but that will be just one of the 26 events on offer this year. Perhaps one of the more eye-catching side events taking place will be the $100,000 Challenge – a two-day event that will pit a granite-hard field of the game’s elite against one another for a total prizepool that last year exceeded AU$3,800,000. But while that blue chip tournament may well be out of reach for all but a select few of poker’s established Illuminati, there will be plenty of mid-high-stakes action for the more budget-conscious traveller, as outlined on the schedule at www.aussiemillions.com
Aussie Millions highlights
So, what should you be playing to keep yourself busy in January? Here’s our pick of the action over the fortnight. (All entries are in Australian Dollars.)
January 12–15 - $1,000+100 - NLHE Freezeout
January 16–18 - $1,000+100 - PLO
January 17–19 - $1,100+100 - NLHE Shootout
January 21–22 - $1,500+150 - NLHE Bounty Event
January 22–28 - $10,000+600 - NLHE MAIN EVENT
January 22–23 - $100,000+500 - NLHE $100,000 CHALLENGE
January 23 - $4,750+250 - Chinese Poker
January 25–26 - $2,250+250 - H.O.R.S.E.
January 29–30 - $10,000+500 - 8-Game Mix
Two Poker Players Disqualified from Aussie Millions - 13th January 2012...
Two poker players were nabbed attempting to re-enter a player at the Aussie Millions Poker Championship, resulting in both players being disqualified and banned from Crown Casino.
The Aussie Millions tournament is one of the most prestigious tournaments in the world, and the largest event of the year taking place in Australia. This year's series began with a $1,100 event that saw 274 players participate on the first of three starting day options.
The cheating matter commenced when one player was eliminated early on the first day. A few minutes later, an attentive tournament official recognized the same player sitting at another table with a new stack of chips.
It was then revealed that the player was using another poker players chips to continue in the tournament. After discussion with the player, it was revealed that a second player had realized that he could not play on Sunday, the Day 2 when all three starting day fields will merge together. Realizing this, and noticing that another player he knew had been bounced from the tournament already, he waited for a table break and then handed his stack off to the previous eliminated player.
Once the cunning scheme was uncovered, both players were immediately disqualified from the tournament. In addition, both players have been banned from the Crown Casino for a yet-to-be-determined length of time.
The identities of the two players have not been released, but we suspect that names will go public sooner rather than later.
The 2012 Aussie Millions will feature a total of nine official events, including the Main Event, which will commence on January 22, as well as a $100,000 Challenge beginning on the same day.
In addition, the Aussie Millions will celebrate the 10th anniversary of this tournament by staging a Tournament of Champions on January 21. This event will feature the previous nine event champions in a single-table event, with the winning earning free lifetime entries into the Aussie Millions Main Event.
Aussie Millions Announces Tournament Of Champions To Celebrate 10th Anniversary...
The world famous 2012 Aussie Millions Poker Championship commenced Thursday with the $1,000 No-Limit Hold’em Opening Event. Crown told the press that in celebration of the Aussie Millions’ 10th anniversary, a special Tournament of Champions will be held on Saturday, Jan. 21...one day day before the Main Event.
Tournament officials have confirmed that eight of the nine Aussie Millions champs will attend. Only Alexander Kostritsyn, 2008 winner, will be unable to attend as his partner is due to give birth at that time.
The eight players who will attend are Peter Costa (2003), Tony Bloom (2004), Jamil Dia (2005), Lee Nelson (2006), Gus Hansen (2007), Stewart Scott (2009), Tyron Krost (2010), and David Gorr (2011).
The champions will compete for a "golden ticket," which will award the winner a lifetime of buy-ins to the Aussie Millions Main Event.
"I’m really excited about having all of the former champions return to celebrate our 10th anniversary,” said Christian Vaughan, tournament director at Crown. "This will be the first time Jamil Dia has been back since his win in 2005 and we haven’t seen Peter Costa in many years. It’s thrilling to have all these great players under the same roof and battling it out for a lifetime freeroll at the Aussie Millions.”
The 2012 Aussie Millions features 26 events and runs through Jan. 30.
May the best player win.
Bwin.Party Digital Entertainment's PartyCasino
PartyCasino.com is one of a number of Bwin.Party Digital Entertainment brands.
The most popular PartyCasino.com games of late include Heist, Circus, Rambo, Palladium Slot, The Godfather, Sinatra, Slotbox, Call Of Duty 4: Modern Warfare, Mission: Impossible, The Terminator, Cleopatra, Sinatra, Thor, The Incredible Hulk, The Amazing Spider-Man, Monopoly, Resident Evil, Melon Madness, Wheel Of Fortune and Mega Fortune Wheel.
The PartyCasino.com jackpot is currently approaching the $4 million mark. Players can also compete for The Big One and Marvel Hero Jackpot, playing the Marvel super hero themed online slot games.
PartyCasino's most recent game releases include War Of The Worlds, Atomic Fruit, Aztec Gold, Sin City, Robin Hood, Shaaark! SuperBet, Crocodopolis, Alice's Wonderland, Glamour Puss, Super Cubes, Heist, Palladium Slot and Circus Slot.
Bwin.Party Digital Entertainment Co CEO Jim Ryan has gone on record advising PartyCasino will soon feature more Hollywood blockbuster themed slots. A few in the know journalists and media agents have been recently tipped off that an all time classic movie adaption will be showcased in the PartyCasino portfolio within 1 month. PartyCasino has the world's most impressive line up of Hollywood themed games, and more are just around the corner.
PartyCasino.com and PartyPoker.com customers can also benefit from rewards and bonuses via PartyPoints and the Palladium Lounge. Be certain to check out the PartyCasino selection of promotions this month which are some of the best available in the industry today.
Media Man, Casino News Media and Global Gaming Directory do have a b2b relationship with Bwin.Party Digital Entertainment, as they do with dozens of other companies in the gaming, igaming, media and entertainment industry.
Websites
PartyCasino.com
PartyPoker.com
Profiles
PartyGaming PartyCasino PartyPoker PartyBingo Circus PartyCasino Marvel Slots The Big One Melon Madness Casino World Poker Tour PartyCasino Promotions
Profiles
Crown Casino Bwin.Party Digital Entertainment PartyPoker.com Aussie Millions World Poker Tour Casino News Media Media Man
Palladium Slot Palladium Lounge Blackjack PartyCasino.com Slots
If there’s one thing the Australians love more than gambling it’s sport and for them poker is fair game. This means that once the cards hit the felt at the Aussie Millions you can expect a raucous atmosphere from the crowds inside the Crown Poker Room. Indeed, since its inception the Main Event has grown immensely from just 133 runners in 2004, to 681 runners in 2009 and 721 in 2011.
The Aussie Millions is considered to be one of the game’s crowning majors – on a par with the WSOP or the WPT World Championship – and for good reason too. The Melbourne-based tournament is situated in one of the most desirable locations in the southern hemisphere and will again be hosted at the world-class Crown Casino complex, where all manner of poker action will unfold from January 12–30.
As ever the 2012 Aussie Millions schedule will be highlighted by the AU$10,600 Main Event, a five-day behemoth that last year awarded a staggering AU$2 million to winner David Gorr, but that will be just one of the 26 events on offer this year. Perhaps one of the more eye-catching side events taking place will be the $100,000 Challenge – a two-day event that will pit a granite-hard field of the game’s elite against one another for a total prizepool that last year exceeded AU$3,800,000. But while that blue chip tournament may well be out of reach for all but a select few of poker’s established Illuminati, there will be plenty of mid-high-stakes action for the more budget-conscious traveller, as outlined on the schedule at www.aussiemillions.com
Aussie Millions highlights
So, what should you be playing to keep yourself busy in January? Here’s our pick of the action over the fortnight. (All entries are in Australian Dollars.)
January 12–15 - $1,000+100 - NLHE Freezeout
January 16–18 - $1,000+100 - PLO
January 17–19 - $1,100+100 - NLHE Shootout
January 21–22 - $1,500+150 - NLHE Bounty Event
January 22–28 - $10,000+600 - NLHE MAIN EVENT
January 22–23 - $100,000+500 - NLHE $100,000 CHALLENGE
January 23 - $4,750+250 - Chinese Poker
January 25–26 - $2,250+250 - H.O.R.S.E.
January 29–30 - $10,000+500 - 8-Game Mix
Two Poker Players Disqualified from Aussie Millions - 13th January 2012...
Two poker players were nabbed attempting to re-enter a player at the Aussie Millions Poker Championship, resulting in both players being disqualified and banned from Crown Casino.
The Aussie Millions tournament is one of the most prestigious tournaments in the world, and the largest event of the year taking place in Australia. This year's series began with a $1,100 event that saw 274 players participate on the first of three starting day options.
The cheating matter commenced when one player was eliminated early on the first day. A few minutes later, an attentive tournament official recognized the same player sitting at another table with a new stack of chips.
It was then revealed that the player was using another poker players chips to continue in the tournament. After discussion with the player, it was revealed that a second player had realized that he could not play on Sunday, the Day 2 when all three starting day fields will merge together. Realizing this, and noticing that another player he knew had been bounced from the tournament already, he waited for a table break and then handed his stack off to the previous eliminated player.
Once the cunning scheme was uncovered, both players were immediately disqualified from the tournament. In addition, both players have been banned from the Crown Casino for a yet-to-be-determined length of time.
The identities of the two players have not been released, but we suspect that names will go public sooner rather than later.
The 2012 Aussie Millions will feature a total of nine official events, including the Main Event, which will commence on January 22, as well as a $100,000 Challenge beginning on the same day.
In addition, the Aussie Millions will celebrate the 10th anniversary of this tournament by staging a Tournament of Champions on January 21. This event will feature the previous nine event champions in a single-table event, with the winning earning free lifetime entries into the Aussie Millions Main Event.
Aussie Millions Announces Tournament Of Champions To Celebrate 10th Anniversary...
The world famous 2012 Aussie Millions Poker Championship commenced Thursday with the $1,000 No-Limit Hold’em Opening Event. Crown told the press that in celebration of the Aussie Millions’ 10th anniversary, a special Tournament of Champions will be held on Saturday, Jan. 21...one day day before the Main Event.
Tournament officials have confirmed that eight of the nine Aussie Millions champs will attend. Only Alexander Kostritsyn, 2008 winner, will be unable to attend as his partner is due to give birth at that time.
The eight players who will attend are Peter Costa (2003), Tony Bloom (2004), Jamil Dia (2005), Lee Nelson (2006), Gus Hansen (2007), Stewart Scott (2009), Tyron Krost (2010), and David Gorr (2011).
The champions will compete for a "golden ticket," which will award the winner a lifetime of buy-ins to the Aussie Millions Main Event.
"I’m really excited about having all of the former champions return to celebrate our 10th anniversary,” said Christian Vaughan, tournament director at Crown. "This will be the first time Jamil Dia has been back since his win in 2005 and we haven’t seen Peter Costa in many years. It’s thrilling to have all these great players under the same roof and battling it out for a lifetime freeroll at the Aussie Millions.”
The 2012 Aussie Millions features 26 events and runs through Jan. 30.
May the best player win.
Bwin.Party Digital Entertainment's PartyCasino
PartyCasino.com is one of a number of Bwin.Party Digital Entertainment brands.
The most popular PartyCasino.com games of late include Heist, Circus, Rambo, Palladium Slot, The Godfather, Sinatra, Slotbox, Call Of Duty 4: Modern Warfare, Mission: Impossible, The Terminator, Cleopatra, Sinatra, Thor, The Incredible Hulk, The Amazing Spider-Man, Monopoly, Resident Evil, Melon Madness, Wheel Of Fortune and Mega Fortune Wheel.
The PartyCasino.com jackpot is currently approaching the $4 million mark. Players can also compete for The Big One and Marvel Hero Jackpot, playing the Marvel super hero themed online slot games.
PartyCasino's most recent game releases include War Of The Worlds, Atomic Fruit, Aztec Gold, Sin City, Robin Hood, Shaaark! SuperBet, Crocodopolis, Alice's Wonderland, Glamour Puss, Super Cubes, Heist, Palladium Slot and Circus Slot.
Bwin.Party Digital Entertainment Co CEO Jim Ryan has gone on record advising PartyCasino will soon feature more Hollywood blockbuster themed slots. A few in the know journalists and media agents have been recently tipped off that an all time classic movie adaption will be showcased in the PartyCasino portfolio within 1 month. PartyCasino has the world's most impressive line up of Hollywood themed games, and more are just around the corner.
PartyCasino.com and PartyPoker.com customers can also benefit from rewards and bonuses via PartyPoints and the Palladium Lounge. Be certain to check out the PartyCasino selection of promotions this month which are some of the best available in the industry today.
Media Man, Casino News Media and Global Gaming Directory do have a b2b relationship with Bwin.Party Digital Entertainment, as they do with dozens of other companies in the gaming, igaming, media and entertainment industry.
Websites
PartyCasino.com
PartyPoker.com
Profiles
PartyGaming PartyCasino PartyPoker PartyBingo Circus PartyCasino Marvel Slots The Big One Melon Madness Casino World Poker Tour PartyCasino Promotions
Friday, January 13, 2012
Echo Entertainment tipped to be taken over by Crown Limited - 12th January 2012
Profiles
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Casino owner Echo Entertainment is Australia's prime contender to be taken over in 2012 says JP Morgan.
There's a play for Echo Entertainment tipped owner of The Star casino in Sydney, by James Packer's rival Crown casino group - Crown Limited.
"Echo is our highest conviction takeover target for 2012," JP Morgan said.
"Now is the time that Crown has to move if it wants to buy the company at a decent price. Once the (Star casino) capex benefits start flowing through to the bottom line, the share price might be out of reach," it said. Crown already owns a 4.9 percent stake in Echo Entertainment.
A Media Man spokesperson said "James Packer continues to make all the right moves. He will not be repeating any of the same kind of mistakes he made in Las Vegas, USA, a few years ago. Packer and his team have also made themselves more available for news media, knowing that they will get written about anyway. Lately, there's largely only positive news to report and JP even gives the tabloids a bit of fun stuff to run with once in a while also. Packer can also be thankful that his casino investments in Macau are paying off which is helping keep his bottom line more impressive than all other Australian based gaming entrepreneurs".
*the writer is a shareholder in Crown Limited.
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Australian Casinos Casinos Echo Entertainment The Star Lyric Theatre Gambling Sydney Australia Global Gaming Directory
Casino owner Echo Entertainment is Australia's prime contender to be taken over in 2012 says JP Morgan.
There's a play for Echo Entertainment tipped owner of The Star casino in Sydney, by James Packer's rival Crown casino group - Crown Limited.
"Echo is our highest conviction takeover target for 2012," JP Morgan said.
"Now is the time that Crown has to move if it wants to buy the company at a decent price. Once the (Star casino) capex benefits start flowing through to the bottom line, the share price might be out of reach," it said. Crown already owns a 4.9 percent stake in Echo Entertainment.
A Media Man spokesperson said "James Packer continues to make all the right moves. He will not be repeating any of the same kind of mistakes he made in Las Vegas, USA, a few years ago. Packer and his team have also made themselves more available for news media, knowing that they will get written about anyway. Lately, there's largely only positive news to report and JP even gives the tabloids a bit of fun stuff to run with once in a while also. Packer can also be thankful that his casino investments in Macau are paying off which is helping keep his bottom line more impressive than all other Australian based gaming entrepreneurs".
*the writer is a shareholder in Crown Limited.
Websites
Echo Entertainment
The Star
Crown Melbourne
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Monday, January 09, 2012
bwin.party enters Danish market; PartyCasino Big Cash Hunt and Top Floor promotions - 4th January 2012
Profiles
Bwin.Party Digital Entertainment PartyCasino.com PartyPoker.com PartyBingo.com World Poker Tour InterTrader.com Denmark PartyCasino VIP Global Gaming Directory
The world’s largest listed online gambling operator, bwin.party Digital Entertainment, has launched online poker and casino games in Denmark for Danske Licens Spil, a wholly-owned subsidiary of state monopoly Danske Spil that posted a turnover of $1.8 billion in 2010.
“Building on our recent announcement regarding deals with both MGM and Boyd in the US market, this is another important milestone in the execution of our stated strategy that is focused on securing leadership positions in regulated and to-be-regulated markets,” read a statement attributed to Jim Ryan and Norbert Teufelberger, Co-Chief Executive Officers for bwin.party.
“We are delighted that Danske Licens Spil has recognised our expertise and high standards of business practice and we look forward to building a market-leading customer offer for the Danish consumer.”
Big Cash Hunt
16th January - 27th January
Play slots and jackpot slots at PartyCasino.com and win £2000 casino bonus in the Big Cash Hunt tournament in January.
PartyCasino is giving you the chance to bag a share of over £130,000 in the Big Cash Hunt. Play any of the slots and jackpot slots at PartyCasino to go shooting up the leader board.
Points earned on slots and jackpot slots during the promotional period will count towards the promotion. Get double points when playing on Circus slot to get the most out of the Big Cash Hunt.
Top Floor
Enter a penthouse full of cash
Starts: 00:00 ET, 10th January
Ends: 23:59 ET, 15th January
You’re about to hit the Top Floor of the casino where you can win more than $10,000 in cash bonuses – this exclusive area is only accessible to VIP players.
Opt in, collect points playing slots and jackpot slots over the next 6 days and you can win one of these prizes:
Points Prize
1,500 $125 cash bonus
3,000 $300 cash bonus
6,000 $600 cash bonus
10,000 $1,300 cash bonus
20,000 $3,500 cash bonus
50,000 $8,000 cash bonus
Earn your points fast for extra cash bonuses
You’ll also be awarded a $500 cash bonus when you’re one of the first 10 players to reach 6,000 points each day for the next 6 days.
Get ready to exploit this lucrative promotion and take advantage of your VIP status to line your pockets!
Websites
PartyCasino.com
PartyPoker.com
Website Network
Media Man Int
Media Man
Casino News Media
Global Gaming Directory
Media Man News
Media Man Entertainment
Profiles
Bwin.Party Digital Entertainment PartyCasino.com PartyPoker.com PartyBingo.com World Poker Tour InterTrader.com Denmark PartyCasino VIP Global Gaming Directory
The world’s largest listed online gambling operator, bwin.party Digital Entertainment, has launched online poker and casino games in Denmark for Danske Licens Spil, a wholly-owned subsidiary of state monopoly Danske Spil that posted a turnover of $1.8 billion in 2010.
“Building on our recent announcement regarding deals with both MGM and Boyd in the US market, this is another important milestone in the execution of our stated strategy that is focused on securing leadership positions in regulated and to-be-regulated markets,” read a statement attributed to Jim Ryan and Norbert Teufelberger, Co-Chief Executive Officers for bwin.party.
“We are delighted that Danske Licens Spil has recognised our expertise and high standards of business practice and we look forward to building a market-leading customer offer for the Danish consumer.”
Big Cash Hunt
16th January - 27th January
Play slots and jackpot slots at PartyCasino.com and win £2000 casino bonus in the Big Cash Hunt tournament in January.
PartyCasino is giving you the chance to bag a share of over £130,000 in the Big Cash Hunt. Play any of the slots and jackpot slots at PartyCasino to go shooting up the leader board.
Points earned on slots and jackpot slots during the promotional period will count towards the promotion. Get double points when playing on Circus slot to get the most out of the Big Cash Hunt.
Top Floor
Enter a penthouse full of cash
Starts: 00:00 ET, 10th January
Ends: 23:59 ET, 15th January
You’re about to hit the Top Floor of the casino where you can win more than $10,000 in cash bonuses – this exclusive area is only accessible to VIP players.
Opt in, collect points playing slots and jackpot slots over the next 6 days and you can win one of these prizes:
Points Prize
1,500 $125 cash bonus
3,000 $300 cash bonus
6,000 $600 cash bonus
10,000 $1,300 cash bonus
20,000 $3,500 cash bonus
50,000 $8,000 cash bonus
Earn your points fast for extra cash bonuses
You’ll also be awarded a $500 cash bonus when you’re one of the first 10 players to reach 6,000 points each day for the next 6 days.
Get ready to exploit this lucrative promotion and take advantage of your VIP status to line your pockets!
Websites
PartyCasino.com
PartyPoker.com
Website Network
Media Man Int
Media Man
Casino News Media
Global Gaming Directory
Media Man News
Media Man Entertainment
Wednesday, January 04, 2012
Bwin.Party Digital Entertainment directors buy up shares - 3rd January 2012
Profiles
Bwin.Party Digital Entertainment PartyCasino.com PartyPoker.com PartyBingo.com World Poker Tour InterTrader.com PartyPoker.com Aussie Millions
Bwin.Party Digital Entertainment directors Jim Ryan and Geoff Baldwin have snapped up shares in the online gaming firm. The announcement comes on the same day bwin.party launched a number of online poker and casino games in Denmark for Danske Licens Spil (DLS), a wholly-owned subsidiary of the Danske Spil group. Danske Spil, which is one of the largest betting and gaming organisations in Europe and 80% owned by the Danish government, already has over 600,000 registered online customers. Baldwin, a non-executive director who joined bwin's board in July last year, made the biggest purchase and bought £156,620-worth of shares at 156.62p each. Co-Chief Executive Officer Ryan took his total stake in the firm to 0.19%.
Websites
PartyCasino.com
PartyPoker.com
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Media Man
Casino News Media
Global Gaming Directory
Media Man News
Media Man Entertainment
Profiles
Bwin.Party Digital Entertainment PartyCasino.com PartyPoker.com PartyBingo.com World Poker Tour InterTrader.com PartyPoker.com Aussie Millions
Bwin.Party Digital Entertainment directors Jim Ryan and Geoff Baldwin have snapped up shares in the online gaming firm. The announcement comes on the same day bwin.party launched a number of online poker and casino games in Denmark for Danske Licens Spil (DLS), a wholly-owned subsidiary of the Danske Spil group. Danske Spil, which is one of the largest betting and gaming organisations in Europe and 80% owned by the Danish government, already has over 600,000 registered online customers. Baldwin, a non-executive director who joined bwin's board in July last year, made the biggest purchase and bought £156,620-worth of shares at 156.62p each. Co-Chief Executive Officer Ryan took his total stake in the firm to 0.19%.
Websites
PartyCasino.com
PartyPoker.com
Website Network
Media Man Int
Media Man
Casino News Media
Global Gaming Directory
Media Man News
Media Man Entertainment
Tuesday, January 03, 2012
Wednesday, December 28, 2011
Nevada approves online poker framework - 23rd December 2011
Profiles
Gaming Casinos Poker Online Casino Online Poker Casino Legal Nevada Las Vegas Global Gaming Directory News News Entertainment News Casino News Poker News
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.
Website Network
Media Man Int
Media Man
Media Man News
Media Man Entertainment
Casino News Media
Global Gaming Directory
Profiles
Gaming Casinos Poker Online Casino Online Poker Casino Legal Nevada Las Vegas Global Gaming Directory News News Entertainment News Casino News Poker News
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.
Website Network
Media Man Int
Media Man
Media Man News
Media Man Entertainment
Casino News Media
Global Gaming Directory
Tuesday, December 27, 2011
Web gambling gets boost from Obama administration - 26th December 2011
Profiles
Gaming Casinos Poker Online Casino Online Poker Casino Legal Global Gaming Directory News News Entertainment News Casino News Poker News
The Obama administration cleared the way for U.S. states to legalize Internet poker and certain other online betting in a switch that may help them reap billions in tax revenue and spur web-based gambling.
A Justice Department opinion dated September and made public on Friday reversed decades of previous policy that included civil and criminal charges against operators of some of the most popular online poker sites.
Until now, the department held that online gambling in all forms was illegal under the Wire Act of 1961, which bars wagers via telecommunications that cross state lines or international borders.
The new interpretation, by the department's Office of Legal Counsel, said the Wire Act applies only to bets on a "sporting event or contest," not to a state's use of the Internet to sell lottery tickets to adults within its borders or abroad.
"The United States Department of Justice has given the online gaming community a big, big present," said I. Nelson Rose, a gaming law expert at Whittier Law School who consults for governments and the industry.
The question at issue was whether proposals by Illinois and New York to use the Internet and out-of-state transaction processors to sell lottery tickets to in-state adults violated the Wire Act.
But the department's conclusion would eliminate "almost every federal anti-gambling law that could apply to gaming that is legal under state laws," Rose wrote on his blog at www.gamblingandthelaw.com
If a state legalized intra-state games such as poker, as Nevada and the District of Columbia have done, "there is simply no federal law that could apply" against their operators, he said.
The department's opinion, written by Assistant Attorney General Virginia Seitz, said the law's legislative history showed that Congress's overriding goal had been to halt wire communications for sports gambling, notably off-track betting on horse races.
Congress also had been concerned about rapid transmission of betting information on baseball, basketball, football and boxing among other sports-related events or contests, she summarized the legislative history as showing.
"The ordinary meaning of the phrase 'sporting event or contest' does not encompass lotteries," Seitz wrote. "Accordingly, we conclude that the proposed lotteries are not within the prohibitions of the Wire Act."
The department expressed no opinion about a provision in the law that lets prosecutors shut down phone lines where interstate or foreign gambling is taking place.
Many of the 50 U.S. states may be interested in creating online lotteries to boost tax revenues and help offset the ripple effect of a federal deficit-reduction push.
The global online gambling industry grew 12 percent last year to as much as $30 billion, according to a survey in March by Global Betting and Gaming Consultancy, based on the Isle of Man, where online gambling is legal.
Federal prosecutors in April charged three of the biggest Internet poker companies with fraud and money-laundering along with violations of another federal law, the Unlawful Internet Gambling Act of 2006.
The government outlined an alleged scheme by owners of the three largest online poker companies - Full Tilt Poker, Absolute Poker and PokerStars - to funnel gambling profits to online shell companies that would appear legitimate to banks processing payments. (Credit: Google News, Reuters)
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The Obama administration cleared the way for U.S. states to legalize Internet poker and certain other online betting in a switch that may help them reap billions in tax revenue and spur web-based gambling.
A Justice Department opinion dated September and made public on Friday reversed decades of previous policy that included civil and criminal charges against operators of some of the most popular online poker sites.
Until now, the department held that online gambling in all forms was illegal under the Wire Act of 1961, which bars wagers via telecommunications that cross state lines or international borders.
The new interpretation, by the department's Office of Legal Counsel, said the Wire Act applies only to bets on a "sporting event or contest," not to a state's use of the Internet to sell lottery tickets to adults within its borders or abroad.
"The United States Department of Justice has given the online gaming community a big, big present," said I. Nelson Rose, a gaming law expert at Whittier Law School who consults for governments and the industry.
The question at issue was whether proposals by Illinois and New York to use the Internet and out-of-state transaction processors to sell lottery tickets to in-state adults violated the Wire Act.
But the department's conclusion would eliminate "almost every federal anti-gambling law that could apply to gaming that is legal under state laws," Rose wrote on his blog at www.gamblingandthelaw.com
If a state legalized intra-state games such as poker, as Nevada and the District of Columbia have done, "there is simply no federal law that could apply" against their operators, he said.
The department's opinion, written by Assistant Attorney General Virginia Seitz, said the law's legislative history showed that Congress's overriding goal had been to halt wire communications for sports gambling, notably off-track betting on horse races.
Congress also had been concerned about rapid transmission of betting information on baseball, basketball, football and boxing among other sports-related events or contests, she summarized the legislative history as showing.
"The ordinary meaning of the phrase 'sporting event or contest' does not encompass lotteries," Seitz wrote. "Accordingly, we conclude that the proposed lotteries are not within the prohibitions of the Wire Act."
The department expressed no opinion about a provision in the law that lets prosecutors shut down phone lines where interstate or foreign gambling is taking place.
Many of the 50 U.S. states may be interested in creating online lotteries to boost tax revenues and help offset the ripple effect of a federal deficit-reduction push.
The global online gambling industry grew 12 percent last year to as much as $30 billion, according to a survey in March by Global Betting and Gaming Consultancy, based on the Isle of Man, where online gambling is legal.
Federal prosecutors in April charged three of the biggest Internet poker companies with fraud and money-laundering along with violations of another federal law, the Unlawful Internet Gambling Act of 2006.
The government outlined an alleged scheme by owners of the three largest online poker companies - Full Tilt Poker, Absolute Poker and PokerStars - to funnel gambling profits to online shell companies that would appear legitimate to banks processing payments. (Credit: Google News, Reuters)
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Bwin.Party Digital Entertainment Profiles; PartyCasino And PartyPoker Get New Promotions And Games
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You can even go after The Big One and The Gold Mega jackpots playing slots like Melon Madness, Snow Business, Loot’EnKhamun and Festive Fortunes. Now is the perfect time to chase our huge jackpots!
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Wednesday, December 21, 2011
Internet poker boss says he broke U.S. gambling law - 21st December 2011
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One of the owners of three of the world's biggest internet poker firms pleaded guilty on Tuesday to a criminal charge of deceiving U.S. banks over the processing of gambling proceeds.
Absolute Poker co-owner Brent Beckley, 31, admitted in Manhattan federal court to conspiring to break U.S. laws against gambling on the Internet. He also pleaded guilty to a charge of conspiracy to commit bank fraud and wire fraud.
Twelve people have been charged thus far in the high profile case, including 11 in April when the U.S. government seized the Internet domain names of the three largest Internet poker companies: Absolute Poker, Full Tilt Poker and PokerStars.
Full Tilt Poker owner Raymond Bitar, PokerStars owner Isai Scheinberg and Absolute Poker owners Beckley and Scott Tom were also charged with breaking the Unlawful Internet Gambling Enforcement Act and other laws.
Beckley told U.S. Magistrate Judge Ronald Ellis that at Absolute Poker between 2006 and April 2011 he accepted credit cards from players so they could bet on the Internet. He said he disguised the purpose of the payments.
"I knew it was illegal to deceive the banks in this way," Beckley told the judge.
The bank fraud charge carries a possible maximum prison sentence of 30 years, but under a plea agreement in the court record, Beckley will likely serve a much lesser term of between 12 months and 18 months.
His lawyer, Robert Cleary, declined comment.
The indictment said that between 2008 and 2011 Beckley hired so-called "payment processor" Ira Rubin to help the company avoid U.S. gambling laws. Rubin would process e-checks for Absolute Poker disguised as payroll processing, affiliate marketing and online electronics merchants, according to the indictment.
Rubin, who lived in Central America for years in his attempt to avoid a telemarketing fraud charge, is nearing close to a plea agreement, according to his legal eagle.
Prosecutors said that of the billions of dollars the poker companies tricked U.S. banks into processing, approximately one-third or more of the money went directly to the companies as revenue through the "rake" charged to players on almost every poker hand played over the internet.
The government has also filed a civil lawsuit against the Full Tilt Poker website. They accused self-styled "Poker Professor" Howard Lederer and professional poker champion Christopher Ferguson and others of paying themselves more than $440 million while defrauding other players.
The case is USA v Tzvetkoff et al, U.S. District Court for the Southern District of New York, No. 10-00336.
Not only are online poker and online casino players watching closely, but also online gambling companies which are interested to offer their product to the lucrative U.S market. Just a few of those firms include Bwin.Party Digital Entertainment (owner of PartyCasino.com, PartyPoker.com, World Poker Tour and others), Virgin Games and PKR.
In the meantime some land based U.S casinos are getting deals in place, with Bwin.Party recently getting a well publicised b2b agreement inked with MGM Resorts International.
Business entrepreneurs Donald Trump and Steve Wynn are just two high profile Americans who are supportive of 100% legal online gambling in the U.S. Online poker may become legal in the U.S in the coming year, followed by online casino games however... this prediction has proved wrong year after year on U.S soil, but then again - the subject matter has never been hotter, nor has the U.S government ever need a cash boost to their coffers as much as they currently do.
Some of the most popular games with online players include Cleopatra, Sinatra, Wheel of Fortune, poker, Texas Hold'Em, Blackjack, Video Poker and Roulette. Some online gambling companies offer new players a generous sign up bonus to encourage them to become money players.
In many parts of the world including Canada, Italy, Australia and New Zealand, online gambling is just as popular as gambling in traditional casinos, pubs and hotels.
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One of the owners of three of the world's biggest internet poker firms pleaded guilty on Tuesday to a criminal charge of deceiving U.S. banks over the processing of gambling proceeds.
Absolute Poker co-owner Brent Beckley, 31, admitted in Manhattan federal court to conspiring to break U.S. laws against gambling on the Internet. He also pleaded guilty to a charge of conspiracy to commit bank fraud and wire fraud.
Twelve people have been charged thus far in the high profile case, including 11 in April when the U.S. government seized the Internet domain names of the three largest Internet poker companies: Absolute Poker, Full Tilt Poker and PokerStars.
Full Tilt Poker owner Raymond Bitar, PokerStars owner Isai Scheinberg and Absolute Poker owners Beckley and Scott Tom were also charged with breaking the Unlawful Internet Gambling Enforcement Act and other laws.
Beckley told U.S. Magistrate Judge Ronald Ellis that at Absolute Poker between 2006 and April 2011 he accepted credit cards from players so they could bet on the Internet. He said he disguised the purpose of the payments.
"I knew it was illegal to deceive the banks in this way," Beckley told the judge.
The bank fraud charge carries a possible maximum prison sentence of 30 years, but under a plea agreement in the court record, Beckley will likely serve a much lesser term of between 12 months and 18 months.
His lawyer, Robert Cleary, declined comment.
The indictment said that between 2008 and 2011 Beckley hired so-called "payment processor" Ira Rubin to help the company avoid U.S. gambling laws. Rubin would process e-checks for Absolute Poker disguised as payroll processing, affiliate marketing and online electronics merchants, according to the indictment.
Rubin, who lived in Central America for years in his attempt to avoid a telemarketing fraud charge, is nearing close to a plea agreement, according to his legal eagle.
Prosecutors said that of the billions of dollars the poker companies tricked U.S. banks into processing, approximately one-third or more of the money went directly to the companies as revenue through the "rake" charged to players on almost every poker hand played over the internet.
The government has also filed a civil lawsuit against the Full Tilt Poker website. They accused self-styled "Poker Professor" Howard Lederer and professional poker champion Christopher Ferguson and others of paying themselves more than $440 million while defrauding other players.
The case is USA v Tzvetkoff et al, U.S. District Court for the Southern District of New York, No. 10-00336.
Not only are online poker and online casino players watching closely, but also online gambling companies which are interested to offer their product to the lucrative U.S market. Just a few of those firms include Bwin.Party Digital Entertainment (owner of PartyCasino.com, PartyPoker.com, World Poker Tour and others), Virgin Games and PKR.
In the meantime some land based U.S casinos are getting deals in place, with Bwin.Party recently getting a well publicised b2b agreement inked with MGM Resorts International.
Business entrepreneurs Donald Trump and Steve Wynn are just two high profile Americans who are supportive of 100% legal online gambling in the U.S. Online poker may become legal in the U.S in the coming year, followed by online casino games however... this prediction has proved wrong year after year on U.S soil, but then again - the subject matter has never been hotter, nor has the U.S government ever need a cash boost to their coffers as much as they currently do.
Some of the most popular games with online players include Cleopatra, Sinatra, Wheel of Fortune, poker, Texas Hold'Em, Blackjack, Video Poker and Roulette. Some online gambling companies offer new players a generous sign up bonus to encourage them to become money players.
In many parts of the world including Canada, Italy, Australia and New Zealand, online gambling is just as popular as gambling in traditional casinos, pubs and hotels.
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Monday, December 19, 2011
PKR's Caribbean Stud Poker Jackpot Approaches $150,000 - 13th December 2011
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The progressive jackpot for PKR's Caribbean Stud Poker mini-game has today reached $149,000 and is expected to grow to a record size within the next few days.
The game is available directly through PKR's pioneering 3D room client, and invites poker fans to beat the dealer-s five card Texas Hold-em hand. Players can be eligible for the rapidly rising jackpot by placing a side bet of just $1, with jackpot payouts activated by hitting the highest ranked poker hands.
On 27 November, poker player GVincredible won 10% of the jackpot after hitting a straight flush, turning his $4 stake into $15,838. The Belgian, a regular at PKR's tables since July 2007 with a $1,833 tournament victory to his name, commented “I just couldn-t believe I-d won. I-d already planned to play more poker on PKR in 2012 and to buy a new car, but this makes it much easier!”
PKR's Caribbean Stud Poker mini-game forms part of the award winning operator-s suite of gaming products which includes a revolutionary 3D poker room, innovative 3D casino and sportsbook.
For more information on the Team PKR pro please visit PKR.com
About PKR
PKR.com is a revolutionary new concept in online poker that has changed the way the game is played. Featuring stunning real-time 3D graphics and a uniquely engaging and immersive gaming system, PKR.com brings an unparalleled and previously unseen level of realism to online poker. Developed by some of the brightest stars in the video games and poker industries, PKR.com continues to be the most innovative poker room in the world.
Press Release
100 PKR Players Set for BAMMA Giveaway - 1st December 2011
Next-Gen Online Poker Room PKR Offers Up Free Fight Night Hospitality
More than 100 poker players will enjoy the explosive atmosphere at the BAMMA 8 mixed martial arts event in Nottingham on 10 December through a free prize draw at PKR.com In the fourth event of its kind this year, PKR is again offering players the opportunity to meet staff and other players, against the backdrop of one of sport's fastest growing events. The prize draw is open to all PKR members and concludes on Friday 02 December.
PKR became the headline sponsor of BAMMA, Europe's premier mixed martial arts organisation, in January 2011. The online poker site has since welcomed hundreds of its members to BAMMA events in Manchester, London and Birmingham, having offered tickets in free prize draws through the site's busy forum and website.
PKR players who attend the upcoming BAMMA 8 event, which takes place in Nottingham's Capital FM Arena on Saturday 10 December, will enjoy 13 bouts featuring some of the world's top martial artists including light heavyweight champion Jimi 'Poster Boy' Manuwa, who makes his eagerly anticipated BAMMA debut. UFC legend Randy Couture is also rumoured to be making a promotional appearance.
Community Manager Dan Grant commented, "BAMMA events are a fantastic opportunity for our players to meet PKR and each other in a fun and social real-world setting. They'll get to put faces to names they've met at our online tables and meet new poker mates while enjoying the great atmosphere of a thrilling sporting event."
For more information on PKR's BAMMA 8 giveaway, please visit PKR.com
For interviews with top BAMMA fighters including UFC star Nate Marquardt and Tom 'Kong' Watson, please visit: www.pkr.tv
PKR Poker Media Man 'Online Poker Website Of The Month' Runner-Up For December 2011
PKR.com has been awarded the Media Man runner-up for 'Online Poker Website Of The Month'.
The popular online poker website has also been tipped to be a legitimate chance to place first in the coming months, should their excellent service and offerings continue.
Well done to PKR.com
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PKR PKR Poker PKR Casino Caribbean Stud Poker
The progressive jackpot for PKR's Caribbean Stud Poker mini-game has today reached $149,000 and is expected to grow to a record size within the next few days.
The game is available directly through PKR's pioneering 3D room client, and invites poker fans to beat the dealer-s five card Texas Hold-em hand. Players can be eligible for the rapidly rising jackpot by placing a side bet of just $1, with jackpot payouts activated by hitting the highest ranked poker hands.
On 27 November, poker player GVincredible won 10% of the jackpot after hitting a straight flush, turning his $4 stake into $15,838. The Belgian, a regular at PKR's tables since July 2007 with a $1,833 tournament victory to his name, commented “I just couldn-t believe I-d won. I-d already planned to play more poker on PKR in 2012 and to buy a new car, but this makes it much easier!”
PKR's Caribbean Stud Poker mini-game forms part of the award winning operator-s suite of gaming products which includes a revolutionary 3D poker room, innovative 3D casino and sportsbook.
For more information on the Team PKR pro please visit PKR.com
About PKR
PKR.com is a revolutionary new concept in online poker that has changed the way the game is played. Featuring stunning real-time 3D graphics and a uniquely engaging and immersive gaming system, PKR.com brings an unparalleled and previously unseen level of realism to online poker. Developed by some of the brightest stars in the video games and poker industries, PKR.com continues to be the most innovative poker room in the world.
Press Release
100 PKR Players Set for BAMMA Giveaway - 1st December 2011
Next-Gen Online Poker Room PKR Offers Up Free Fight Night Hospitality
More than 100 poker players will enjoy the explosive atmosphere at the BAMMA 8 mixed martial arts event in Nottingham on 10 December through a free prize draw at PKR.com In the fourth event of its kind this year, PKR is again offering players the opportunity to meet staff and other players, against the backdrop of one of sport's fastest growing events. The prize draw is open to all PKR members and concludes on Friday 02 December.
PKR became the headline sponsor of BAMMA, Europe's premier mixed martial arts organisation, in January 2011. The online poker site has since welcomed hundreds of its members to BAMMA events in Manchester, London and Birmingham, having offered tickets in free prize draws through the site's busy forum and website.
PKR players who attend the upcoming BAMMA 8 event, which takes place in Nottingham's Capital FM Arena on Saturday 10 December, will enjoy 13 bouts featuring some of the world's top martial artists including light heavyweight champion Jimi 'Poster Boy' Manuwa, who makes his eagerly anticipated BAMMA debut. UFC legend Randy Couture is also rumoured to be making a promotional appearance.
Community Manager Dan Grant commented, "BAMMA events are a fantastic opportunity for our players to meet PKR and each other in a fun and social real-world setting. They'll get to put faces to names they've met at our online tables and meet new poker mates while enjoying the great atmosphere of a thrilling sporting event."
For more information on PKR's BAMMA 8 giveaway, please visit PKR.com
For interviews with top BAMMA fighters including UFC star Nate Marquardt and Tom 'Kong' Watson, please visit: www.pkr.tv
PKR Poker Media Man 'Online Poker Website Of The Month' Runner-Up For December 2011
PKR.com has been awarded the Media Man runner-up for 'Online Poker Website Of The Month'.
The popular online poker website has also been tipped to be a legitimate chance to place first in the coming months, should their excellent service and offerings continue.
Well done to PKR.com
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Thursday, December 15, 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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Profiles
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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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Tuesday, December 13, 2011
Aussie Millions At Crown Casino, Melbourne, Australia
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If there’s one thing the Australians love more than gambling it’s sport and for them poker is fair game. This means that once the cards hit the felt at the Aussie Millions you can expect a raucous atmosphere from the crowds inside the Crown Poker Room. Indeed, since its inception the Main Event has grown immensely from just 133 runners in 2004, to 681 runners in 2009 and 721 in 2011.
The Aussie Millions is considered to be one of the game’s crowning majors – on a par with the WSOP or the WPT World Championship – and for good reason too. The Melbourne-based tournament is situated in one of the most desirable locations in the southern hemisphere and will again be hosted at the world-class Crown Casino complex, where all manner of poker action will unfold from January 12–30.
As ever the 2012 Aussie Millions schedule will be highlighted by the AU$10,600 Main Event, a five-day behemoth that last year awarded a staggering AU$2 million to winner David Gorr, but that will be just one of the 26 events on offer this year. Perhaps one of the more eye-catching side events taking place will be the $100,000 Challenge – a two-day event that will pit a granite-hard field of the game’s elite against one another for a total prizepool that last year exceeded AU$3,800,000. But while that blue chip tournament may well be out of reach for all but a select few of poker’s established Illuminati, there will be plenty of mid-high-stakes action for the more budget-conscious traveller, as outlined on the schedule at www.aussiemillions.com
Aussie Millions highlights
So, what should you be playing to keep yourself busy in January? Here’s our pick of the action over the fortnight. (All entries are in Australian Dollars.)
January 12–15 - $1,000+100 - NLHE Freezeout
January 16–18 - $1,000+100 - PLO
January 17–19 - $1,100+100 - NLHE Shootout
January 21–22 - $1,500+150 - NLHE Bounty Event
January 22–28 - $10,000+600 - NLHE MAIN EVENT
January 22–23 - $100,000+500 - NLHE $100,000 CHALLENGE
January 23 - $4,750+250 - Chinese Poker
January 25–26 - $2,250+250 - H.O.R.S.E.
January 29–30 - $10,000+500 - 8-Game Mix
Online Promotion At Bwin.Party Digital Entertainment's PartyCasino
Find your Jack in the Box surprise...
Starts: 00:00 ET, 14th November
Ends: 23:59 ET, 17th November
We’ve packed our PartyCasino.com blackjack tables with thousands of cash gifts, bonuses and free points. Our rewards are hidden inside a surprise Jack in the Box. You won’t have to look hard to find it – the Jack in the Box will find you!
Just play any of our blackjack games as normal between 00:00 ET on 14th November and 23:59 ET on 17th November. If the Jack in the Box appears, act fast to claim your fabulous prize. Remember, the more you play blackjack, the better your chance of finding our account-boosting surprises.
Jack in the Box rewards will appear at random in the following games: Blackjack Multi-Hand Pro; Blackjack Single Deck; Blackjack Bonus Pairs; Blackjack High Limit; Blackjack Single Player; Multi-Player Blackjack; Multi-Hand Blackjack
Surprise gifts will only be offered on the download lobby.
PartyCasino.com is one of a number of Bwin.Party Digital Entertainment brands.
The most popular PartyCasino.com games of late include Heist, Circus, Rambo, Palladium Slot, The Godfather, Sinatra, Slotbox, Call Of Duty 4: Modern Warfare, Mission: Impossible, The Terminator, Cleopatra, Sinatra, Thor, The Incredible Hulk, The Amazing Spider-Man, Monopoly, Resident Evil, Melon Madness, Wheel Of Fortune and Mega Fortune Wheel.
The PartyCasino.com jackpot is currently approaching the $4 million mark. Players can also compete for The Big One and Marvel Hero Jackpot, playing the Marvel super hero themed online slot games.
PartyCasino's most recent game releases include War Of The Worlds, Atomic Fruit, Aztec Gold, Sin City, Robin Hood, Shaaark! SuperBet, Crocodopolis, Alice's Wonderland, Glamour Puss, Super Cubes, Heist, Palladium Slot and Circus Slot.
Bwin.Party Digital Entertainment Co CEO Jim Ryan has gone on record advising PartyCasino will soon feature more Hollywood blockbuster themed slots. A few in the know journalists and media agents have been recently tipped off that an all time classic movie adaption will be showcased in the PartyCasino portfolio within 1 month. PartyCasino has the world's most impressive line up of Hollywood themed games, and more are just around the corner.
PartyCasino.com and PartyPoker.com customers can also benefit from rewards and bonuses via PartyPoints and the Palladium Lounge. Be certain to check out the PartyCasino selection of promotions this month which are some of the best available in the industry today.
Media Man, Casino News Media and Global Gaming Directory do have a b2b relationship with Bwin.Party Digital Entertainment, as they do with dozens of other companies in the gaming, igaming, media and entertainment industry.
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If there’s one thing the Australians love more than gambling it’s sport and for them poker is fair game. This means that once the cards hit the felt at the Aussie Millions you can expect a raucous atmosphere from the crowds inside the Crown Poker Room. Indeed, since its inception the Main Event has grown immensely from just 133 runners in 2004, to 681 runners in 2009 and 721 in 2011.
The Aussie Millions is considered to be one of the game’s crowning majors – on a par with the WSOP or the WPT World Championship – and for good reason too. The Melbourne-based tournament is situated in one of the most desirable locations in the southern hemisphere and will again be hosted at the world-class Crown Casino complex, where all manner of poker action will unfold from January 12–30.
As ever the 2012 Aussie Millions schedule will be highlighted by the AU$10,600 Main Event, a five-day behemoth that last year awarded a staggering AU$2 million to winner David Gorr, but that will be just one of the 26 events on offer this year. Perhaps one of the more eye-catching side events taking place will be the $100,000 Challenge – a two-day event that will pit a granite-hard field of the game’s elite against one another for a total prizepool that last year exceeded AU$3,800,000. But while that blue chip tournament may well be out of reach for all but a select few of poker’s established Illuminati, there will be plenty of mid-high-stakes action for the more budget-conscious traveller, as outlined on the schedule at www.aussiemillions.com
Aussie Millions highlights
So, what should you be playing to keep yourself busy in January? Here’s our pick of the action over the fortnight. (All entries are in Australian Dollars.)
January 12–15 - $1,000+100 - NLHE Freezeout
January 16–18 - $1,000+100 - PLO
January 17–19 - $1,100+100 - NLHE Shootout
January 21–22 - $1,500+150 - NLHE Bounty Event
January 22–28 - $10,000+600 - NLHE MAIN EVENT
January 22–23 - $100,000+500 - NLHE $100,000 CHALLENGE
January 23 - $4,750+250 - Chinese Poker
January 25–26 - $2,250+250 - H.O.R.S.E.
January 29–30 - $10,000+500 - 8-Game Mix
Online Promotion At Bwin.Party Digital Entertainment's PartyCasino
Find your Jack in the Box surprise...
Starts: 00:00 ET, 14th November
Ends: 23:59 ET, 17th November
We’ve packed our PartyCasino.com blackjack tables with thousands of cash gifts, bonuses and free points. Our rewards are hidden inside a surprise Jack in the Box. You won’t have to look hard to find it – the Jack in the Box will find you!
Just play any of our blackjack games as normal between 00:00 ET on 14th November and 23:59 ET on 17th November. If the Jack in the Box appears, act fast to claim your fabulous prize. Remember, the more you play blackjack, the better your chance of finding our account-boosting surprises.
Jack in the Box rewards will appear at random in the following games: Blackjack Multi-Hand Pro; Blackjack Single Deck; Blackjack Bonus Pairs; Blackjack High Limit; Blackjack Single Player; Multi-Player Blackjack; Multi-Hand Blackjack
Surprise gifts will only be offered on the download lobby.
PartyCasino.com is one of a number of Bwin.Party Digital Entertainment brands.
The most popular PartyCasino.com games of late include Heist, Circus, Rambo, Palladium Slot, The Godfather, Sinatra, Slotbox, Call Of Duty 4: Modern Warfare, Mission: Impossible, The Terminator, Cleopatra, Sinatra, Thor, The Incredible Hulk, The Amazing Spider-Man, Monopoly, Resident Evil, Melon Madness, Wheel Of Fortune and Mega Fortune Wheel.
The PartyCasino.com jackpot is currently approaching the $4 million mark. Players can also compete for The Big One and Marvel Hero Jackpot, playing the Marvel super hero themed online slot games.
PartyCasino's most recent game releases include War Of The Worlds, Atomic Fruit, Aztec Gold, Sin City, Robin Hood, Shaaark! SuperBet, Crocodopolis, Alice's Wonderland, Glamour Puss, Super Cubes, Heist, Palladium Slot and Circus Slot.
Bwin.Party Digital Entertainment Co CEO Jim Ryan has gone on record advising PartyCasino will soon feature more Hollywood blockbuster themed slots. A few in the know journalists and media agents have been recently tipped off that an all time classic movie adaption will be showcased in the PartyCasino portfolio within 1 month. PartyCasino has the world's most impressive line up of Hollywood themed games, and more are just around the corner.
PartyCasino.com and PartyPoker.com customers can also benefit from rewards and bonuses via PartyPoints and the Palladium Lounge. Be certain to check out the PartyCasino selection of promotions this month which are some of the best available in the industry today.
Media Man, Casino News Media and Global Gaming Directory do have a b2b relationship with Bwin.Party Digital Entertainment, as they do with dozens of other companies in the gaming, igaming, media and entertainment industry.
Websites
PartyCasino.com
PartyPoker.com
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Thursday, December 08, 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.
Profiles
Casinos James Packer Donald Trump Sheldon Adelson Steve Wynn Richard Branson Bwin.Party Digital Entertainment
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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World's Richest Casino Exec Not So Keen On Online Casinos, Poker...
Profiles
Casinos Poker Slots Online Casino Las Vegas Donald Trump Global Gaming Directory
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.
Profiles
Casinos James Packer Donald Trump Sheldon Adelson Steve Wynn Richard Branson Bwin.Party Digital Entertainment
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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