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July - August 2002

30th August         London        Source: The Scotsman
Hilton posts profit slide despite rise in gambling
The company proposes setting up a casino division next year after selling its existing portfolio to Gala group for £235.3m in 2000.

29th August         London       Source: FT.com
Hilton Group PLC - Interim Results
Betting and gaming profits for the six months ended 30th June were up 19.9% to £76.5m. Hotel and lodging profits declined 22.5% to £97.8. eGaming profits were £5.1m on a turnover of £192.3m. Ladbrokes betting offices saw the number of betting slips rise 25% for the period.

29th August         London       Source: FT.com & Yahoo UK
Hilton shares drop as profits weaken - Gains in gaming business offset by losses in hotels
Hilton Group reports H1 profits down by 9.9% at £130m

27th August         Liverpool       Source: icLiverpool/Liverpool Echo
Gaming group's casino plan - Stanley Leisure

24th August         London       Source: FT.com
ITC's new standards code to keep restriction on gambling
The Independent Television Commission decision will make it highly unlikely that casinos and bookmakers will be able to advertise their services on British TV before a National Gambling Commision is established.

23rd August         London       Source: The Times
Bets are on for rich returns from sport sites
Faced with dwindling advertising British based sports news websites are increasingly turning to gambling services to balance the books. “So far as it is known, none of the recognised sports websites have ever made a profit,” 

21st August         London & Rhode Island       Source: Ananova.com - Aug 19th
Wembley defends reputation of Rhode Island business

20th August         London      Source: The Times
New tracks follow the punters as greyhounds pick up speed
A look at the UK's second most popular spectator sport that has over the last few years been steadily gaining in popularity.

20th August         Yarmouth, England      Source: Yarmouth Evening News
Jackpot for Vegas-style casino bosses
Yarmouth is the UK's third largest tourist resort and has two casinos. The budget for the proposed new Atlantis casino is not quite of Las Vegas proportions - just £5 million.

19th August         London       Source: Northern Light/AFX
Alphameric, Satellite Information Services in data transmission agreement

19th August        London       Source: FT.com
Wembley transformation pays off - Gaming profits rise, completes disposal programme
Wembley's interim operating profits up 29%

18th August         London      Source: iii.co.uk/AFP & Yahoo UK/Reuters
Ladbrokes signs deals to provide betting services to Arsenal, Liverpool
Liverpool and Arsenal take punt with Ladbrokes
Ladbrokes will now be providing betting services to the top 3 premiership clubs in the UK having announced a deal in May with Manchester Utd.

18th August         London       Source: The Scotsman
Motorway is Britain’s top horror
Blackpool's Golden Mile where there are plans by Leisure Parcs to build "Las Vegas style" casinos is presently thought by the public to be one of the seven worst eyesores in the UK.

17th August         London       Source: Teletext.com
Casinos set to topple lottery

16th August         London       Source: The Times
A reckless gamble with the lives of the poor
Former Labour minister Roy Hattersley becomes the latest politival heavyweight to critisise the Government's deregulation plans. "At worst, it will bring back to Britain the dark forces of violence and corruption which the gaming laws of 30 years ago were designed to deter. "

16th August         London       Source: The Guardian - Letters August 13th
Odds against new law on gambling
Letters to the Guardian on the UK's proposed gambling deregulations.

16th August         London       Source: New Media Zero
BT excludes gambling and adult sites from Click&buy scheme

14th August         London       Source: Yahoo UK/Reuters
Ladbrokes tips record football betting season

14th August         London       Source: Yahoo/Dow Jones Business News & Ananova.com
Zetters Sells Pools To Focus on SpreadBetting
Zetters to shed football pools business

13th August         Torquay, England        Source: ThisisDevon.co.uk
Casino plan for seafront

10th August        London      Source: Ananova.com - August 7th
Major in court accused of £1m quiz show conspiracy
Earlier links to the story at BBC.co.uk
Couple questioned in £1m 'cheat' inquiry
Game show cough man baffled by row

10th August        London       Source: The Guardian
Labour's big gamble on casino debts
Tycoon who knows what 'real people' want 
The Labour Government are apparently ignoring warnings from Lady Littler (Chair of the Gaming Board from 1992 to 1998) about the potential dangers of allowing Credit Cards to be used in British casinos. Lobby groups are also named who have been pushing for the gambling reforms on behalf of operators.

9th August        Bangor, Northern Ireland       Source: BBC.co.uk
Slot machines seized in crackdown
BBC.co.uk video report - http://news.bbc.co.uk/media/video/38187000/rm/_38187753_machines2_vi.ram
51 machines and £10,000 was sized by Customs and Exise officers. Some of the slots appear not to be AWP's!.

9th August        London & Las Vegas       Source: Las Vegas Sun
Flatley interested in buying hotel-casino

8th August        London        Source: The Daily Telegraph - August 6th
Spread betters discover silver lining behind share falls
Apparently one IG Index client is £500,000 up this year and has not placed a bet on any share to rise since January 2000!.

7th August        London         Source: Ananova.com & The Guardian
Tycoon denies link between donation and casinos shake-up
Donation and casino shake-up 'coincidental' 

6th August        London        Source: The Guardian
Concern at huge rise in bet disputes
The abolishment of betting tax has led to a 40% rise in turnover over the last 10 months. The Independent Betting Arbitration Service is now being swamped with betting disputes, many relating to the World Cup.
Website: www.ibas-uk.com

4th August        Manchester, England       Source: The Independent
Ex-director of Manchester United made a bankrupt
Amer Al Midani was sued in court for unpaid gambling debts of £1.2m incurred in 2000 at Harrah's Rio casino.

2nd August        London       Source: Yahoo Singapore/Reuters
Want to gamble on stock market? Try spread betting
A look at spread betting on the FTSE, Dow Jones and DAX which is seeing a surge in activity due to the recent volatility of the markets.

2nd August        London       Source: Yahoo UK/Reuters & Northern Light/AFX
Dark horse Charterhouse wins Coral stakes
Coral Eurobet sold in 860 mln stg MBO backed by Charterhouse Development

2nd August       London       Source: Bloomberg.co.uk
Charterhouse to Pay $1.3 Billion for Coral Eurobet

2nd August       London        Source: BBC.co.uk
Women odds on for a gamble
The survey by Teletext racing finds that 47% of women liked to bet compared to 53% of men.

2nd August       London        Source: Ananova.com & BBC.co.uk
Coral Eurobet in £860m management buy-out
Coral betting chain sold for £860m
The deal is supported by Charterhouse Development Capital. Ladbrokes, Stanley Leisure and Rank Group had all been tipped as potential buyers.

1st August       London        Source: The Scotsman/PA
Women Catching Up in Betting Stakes
More women are apparently gambling online in the UK. They are generally small stake players and prefer to wager on TV shows and the Eurovision Song Contest rather than soccer or horse racing.

31st July       London       Source: The Daily Telegraph & Yahoo Singapore/Dow Jones
London Clubs aims for black after loss hits £120m
UK Casino Opportunity May Open For PBL - in brief
LCI has succesfully renegotiated its bank debt, but the company has the additional problem of chasing up some £7 million owed by players.

30th & 31st July       London       Source: NetImperative.info
William Hill: P2P gamblers are 'flagrantly breaking the law'
Betfair squares up with William Hill
Betfair now claims to be generating revenue growth of 25% every month and could well be a victim of its own success. Traditional bookmakers including the recently floated Hill's believe that individuals engaging in Peer to Peer betting are presently breaking the law.

30th July       Manchester & Las Vegas        Source: London Evening Standard
£1m casino debt of Manchester United tycoon
The player is being sued by the Rio casino (Harrah's) in a Manchester court for the sum of $1.8 million. A British national newspaper successfully challenged the ruling that the hearing should be held in private.

30th July       London        Source: Sky News & Northern Light/AFX
New Lease For London Clubs
London Clubs full year loss nearly doubles; secures extension on debt facilities
LCI has been given a 2 year extension on debt payments and additional working capital of £15 million. Loss for the year was 78.4p per share.

29th July       London        Source: The Daily Telegraph
City Index disciplines staff over £5m bet

29th July       London        Source: The Daily Telegraph
If bookies bleat, it must be hurting
British Bookmakers are now resorting to legal threats against the new betting exchanges. Betfair matches £30 million in bets each week on horse racing alone. Website: www.betfair.com

25th July       London        Source: The Guardian
MPs back plans to relax casino laws
A committee of MP's has rejected Blackpool being given special privileges as a pilot area for Las Vegas style casinos. They also believe that odds and gambling dangers should be taught in school. Casinos in the UK could double to 250 and primary legislation to enable this is recommended for fast tracking.

24th July       London        Source: The Guardian
Betting Laws Shake-up 'Will Not Cause More Gambling'
A House of Commons Culture Committee believes that primary legislation to deregulate the industry should be introduced no later than the 2003-4 session.

22nd July       London        Source: Northern Light/AFX
IG Group full year profits slip due to bad luck, Sept 11 impact
IG's Wheeler sells shares to refurbish Chilham Castle
IG Group chairman sells 4 million shares at 182.5p, reduces stake in co to 24.1%

22nd July       London       Source: Number 10 (UK Government website)
Changes to gambling regulations a safe bet
Along with live music for casinos, Bingo operators will also be allowed to offer a £2 million linked jackpot. 

22nd July       London       Source: Ananova.com
Live music in UK casinos one step closer as govt introduces new rule

21st July       London        Source: Ananova.com
Retailers under pressure over falling lottery sales

21st July       London        Source: London Evening Standard/Mail on Sunday
Boss sued after spread-bet backfires

20th July       London       Source: Glasgow Herald
Gaming firms to put money on spread bets - Punters can play City without shares

18th July       London        Source: Demy's news service
Lottery operator loses domain challenge
UK lottery provider Camelot Group has lost a challenge under Nominet's Dispute Resolution Service for the domain name camelotto.co.uk

17th July       Scotland       Source: USA Today
The British Open - British bookmakers add to the ambiance
With the British open starting tomorrow USA Today has an excellent article on betting within the sport, although it is apparently prohibited by the PGA Tour.

15th July       London        Source: The Guardian
Rank becomes the favourite to buy Coral

15th July       Birmingham        Source: Reuters
Birmingham set for gambling bonanza

15th July       Birmingham         Source: BBC.co.uk, CNN.com/AP & Ananova.com
Giant casino destined for Birmingham
Britain's biggest casino coming to Birmingham
Stanley Leisure granted license to build 'UK's biggest casino'
Stanley Leisure have been granted a license to open a 40 table operation to be known as Stanley Star City Casino. With the agreed purchase of Tower Casinos the company will have three casinos in the UK's second largest city.

15th July       London         Source: Yahoo UK/Reuters
Don't bet on Coral bid
Rank said close to announcing Coral buy

14th July       London        Source: The Observer
Rank to grab Coral chain for £800m

13th July       London      Source: EuropeMedia.net
Sky launches iTV betting and gaming portal

8th July       Blackpool       Source: Yahoo Singapore/Reporters Notebook
Blackpool on the Rocks
A detailed look at Leisure Parc's and major shareholder Trevor Hemming's plans to turn Blackpool into the Las Vegas of the North of England.

8th July       London       Source: Northern Light/AFX
Stanley Leisure's £350 million issue to bid for Coral approved by City - report

8th July       London        Source: epolitix.com - July 5th & London Evening Standard
Caborn defends gambling reforms
Gambling shake-up 'not for money'
Labour Culture Minister Richard Caborn has denied in Parliament that the proposed gambling reforms are motivated by a desire to increase tax revenues.

8th July       London        Source: London Evening Standard
Horse Racing - 'Free bets' for trainers scam

7th July       London        Source: The Scotsman
Bookies accuse Big Brother of fix
Bookmakers are now reluctant to take any large bets on the 3rd series with William Hill spokesman Graham Sharpe saying the company had been "stitched up" by punters on the first two.

7th July       Blackpool        Source: The Observer
Last roll of dice for Vegas by the sea
In Blackpool, the proposed Leisure Parcs owned Pharoah's Palace will be a 1,000-bedroom casino hotel with 80 table games and 2,500 slots complete with sports betting & bingo. But will the plan rejuvenate a town that has seen visitor numbers decline by 50% over the last 10 years.

5th July       London       Source: The Daily Telegraph & The Guardian
Stanley buys Tower Casino and runs rule over Coral
Stanley expands UK casino estate 
All good news for the Liverpool based Stanley, apart from a London casino punter who has stiffed them for £1.7m.

5th July       Birmingham        Source: icBirmingham
Casino murder suspect escapes

5th July       London & Alderney        Source: London Evening Standard
Sportingbet is on the ropes
As the share price continues to fall the company is fighting rumours of unpaid bets and staff defections.

4th July       Liverpool & London        Source: The Independent, Northern Light/AFX & Bloomberg
Stanley Leisure hits the jackpot with 40% increase in profits
Stanley Leisure unveils 44.3 mln casino buy with 40 pct pretax rise
Stanley Leisure Buys Five Casinos for 44.3 Mln Pounds 

4th July       Liverpool         Source: Ananova.com & Yahoo/Dow Jones Newswires
Stanley Leisure's results beat expectations
Stanley Leisure Fiscal Year Pretax Profit GBP35.8 Million Versus GBP25.1 Million

4th July       Liverpool         Source: Daily Telegraph
Casino deal turns up trumps for Stanley
The Tower Casino Group deal will bring the Stanley Estate up to 40 units. The 3 London casinos are the Colony Club, Crockfords and the Cromwell Mint.

4th July       Liverpool         Source: London Evening Standard
Stanley ups stakes with casinos buy
Stanley Casinos is buying the five casinos of theTower Casino Group for £44.3m in cash and shares

3rd July       London         Source: Ananova.com
Arena Leisure's attheraces June viewing figures show peak of 270,111

2nd July       London        Source: Ananova.com
World Cup was 'best ever event' for Britain's bookies
William Hill and Ladbrokes reveal that after the month long tournament there appears to be only one winner!

1st July       London       Source: Northern Light/AFX
Gala Group says no decision yet whether to pursue LSE flotation
UK's Gala Group plans LSE flotation - report 
The Sunday Business reported that the company was looking at a floatation that would value it at £1.3 billion. Gala is presently 80% owned by Credit Suisse Private Equity.

1st July       London       Source: Yahoo UK/Reuters
London Clubs wins more time from lenders
The company that is heavily in debt following the Aladdin Casino failure has reached an agreement on a payment timetable with creditors.
 







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