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Archive 2008:  15th - 21st August

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Thursday, 21st August

Waterland bails out casino group
"JVH, which runs 45 Jack’s Casino arcades in the Netherlands, was plunged into crisis after the government changed the tax laws for gaming companies on July 1, pushing up the effective tax rate on its gross revenues from 11 to 29 per cent."
AXA PE tables offer for JVH Gaming's debt - 8th August.
AXA gambles on SBO - JVH Gaming - Waterland Private Equity - LÖWEN PLAY Casino

LAS VEGAS - Yahoo/PRNewswire & AP
Bally Technologies, Inc. Announces Record Earnings for the Fiscal Year Ended June 30, 2008
Bally Technologies sees 2009 profit meeting Street

British News
Hunt for gun raiders as 2 bookies hit - Glasgow. William Hill & Coral.
"The latest thefts mean four armed robberies have been carried out on bookies in the area in the last 12 days."
Gun raider threatens betting shop worker - York. Coral.
Poker In The Park 2008: A Massive Success
Marc Goodwin presents Omaha at Poker in the Park part 2
InterGame Expo exhibitors to meet on September 30

Macau Casinos' Shares Fall On Fears China Will Curb Travel - WSJ

Online & Interactive
ChanPoker Comes to a Close
Cantor Casino's New "Statjack" Online Blackjack Game Counts Cards and Gives More Ways to Bet
Spin3 Is First to Integrate Mobile Operator Billing for Mobile Casinos

AUSTRALIA - Daily Telegraph
Crown in hunt for new casinos

Additional headlines
Former state gaming official represents two casinos - Pennsylvania.
Casinos fight slowdown with free slots play - Connecticut & Rhode Island
When Will Casinos Snap Their Losing Streak? - Business Week
Colorado casinos take another hit
Mountain casinos still sliding - Colorado. Down 14% from July 2007.
Casinos' revenue growth levels off - Arizona

Wednesday, 20th August

SOUTH KOREA - Bloomberg
Kangwon Land Drops on Korean Plan to Curb Gambling

MACAU - Yahoo/Reuters & AP
Casino shares drop on talk of Macau visa cutbacks
"Portuguese news agency Lusa, quoting unnamed sources, reported on Tuesday that the Chinese government may tighten individual visas to Macau to one visit every six months from the current limit of one every two months."
Macau casino operators' shares decline
"Klatzkin reiterated a "Buy" rating for all Macau related stocks."

British News
Luck is running out for Piccadilly's Gala casino
Watchdog bans gambling website ad

NJ casinos swing to a loss in second quarter
Lady luck continues to shun Atlantic City casinos

Crown Casinos trading 'satisfactorily'

Ex-casino employee pleads guilty to theft

GREAT YARMOUTH - Norwich Evening News & BBC Norfolk
Casino worker stuffed cash into socks
Casino worker jailed for one year

LAS VEGAS - The Guardian & L.A. Times
Robert Maheu Obituary
Robert Maheu, 90; aide and confidant to billionaire Howard Hughes

Additional headlines
Kansas tribe sues Harrah's over casino proposal
Michael Phelps Wants to Try World Series of Poker Event -

Casino complex fire causes $200k damage

Tuesday, 19th August

Macao's gaming tax revenues soar 51.4% in first 7 months - Xinhua
Occupancy Rate Of Five-star Hotels In Macau Reaches 76.4%
Sofitel Macau Opens A New Chapter In Macau's Heritage - Chine Newswire. - Nice website presentation.
Macao's gaming tax reven - 19-08-2008

British News
All-weather fruit machines for smokers in bid to boost pub takings

"The new generation of one-armed bandits are urgently needed because income from pub machines is down £200million in the past seven years"

By the book: Thomas Murphy, William?Hill - The Lawyer
World record poker bid at all-night bar - The Publican

U.S. GAMING INVESTMENTS - Reuters, WSJ & Globe Investor
US casinos' debt binge punishes junk bond investors
"Investors have lost an estimated 14.2% on casino bonds year to date, the second-worst performance of any junk-rated sector after diversified media companies"
Deutsche Bank's reputation suffers from real-estate miscues
Traditionally considered recession-proof, some gambling stocks are taking a beating

LAS VEGAS & N.C. - Yahoo/Business Wire
PokerTek Installs PokerPro at Excalibur Hotel and Casino in Las Vegas

ISRAEL & GREECE - Interactive Investor
Queenco Leisure Q2 pretax falls marginally on higher forex losses

SRI LANKA - Sri Lanka Daily News
Casinos, night clubs near schools to be relocated

Online & Interactive
Boss Media assures player funds and no disruption in services
Bekräftar beslaget i hemligt mejl
Malta beslagtar Boss servrar Announce Legal Action against Boss Media - 14th April
Major dispute reported between Boss IPN and Trillion Poker - Casino Meister forum

Woman withdraws claim to $1.2m Pokerstars winnings - IOM Today
TheV0id Drops Case Against PokerStars
PokerStars Disqualifies TheV0id

Additional headlines
Golden Nugget to Host 2009 Season of NBC's Poker After Dark
Filipino Poker Tour charity event raises P1M
Fire at Hobart casino building
WPT Enterprises, Inc. Receives Nasdaq Staff Determination Letter Regarding Minimum Bid Price

Monday, 18th August

Shuffle Master Is No Ace
"Exacerbating this issue is the fact that $150 million of that debt is due within the next 12 months, while the company has only $93 million in current assets."

BRUSSELS - Expatica/De Tijd
Belgian casinos post record turnover of EUR 115m

SAIPAN, C.N.M.I. - Marianas Variety & Saipan Tribune
Tinian casino developer wants landfill moved
World-renowned architect designs new Tinian resort

FT.LAUDERSALE - Sun-Sentinel
Gambling ship down on its luck
"An international crew of 170 is marooned at a berth in Port Everglades aboard the financially foundering SeaEscape gambling ship."

PORT OF SPAIN - Yahoo/Business Wire
Frederick street casino robbed - Play 2 Win operated by Tilley Entertainment.

DUBAI - Variety &
Trio rolls dice on casino pic
The Story of Vegas' Moulin Rouge

MACAU. - Wall Street Journal
Casino King Takes Gamble To Fend Off Macau Rivals,_Macau

QUEBEC - Star & Canadian Press
Gambling addicts sue Loto-Québec
Class-action lawsuit claims Loto-Quebec downplayed dangers of VLTs

HONG KONG - Yahoo/Business Wire
Amax Proposes Share Premium Cancellation

LAS VEGAS - Las Vegas Sun: Liz Benston & Cincinnati Business Journal
Tropicana buyer gambled big on ’06 buy, fell hard
Bill Yung’s Tropicana loss complete - William Yung III

British News
Poser over Hong Leong’s bet on UK gaming - The Edge
Hammer raider robs Jarrow bookmakers

Online & Interactive
Murders Within the Online Gambling Community Especially Brutal - Gambling911
32Red Casino celebrates its 6th Birthday

Additional headlines
Taxi hits 5 outside casino - Adelaide
First-ever European Poker Tour Awards Announced
No more ‘Wheel’-ing at 2 Harrah’s properties on Strip
Wheel of Fortune machines removed from Harrah's & Bally's

Saturday & Sunday 16th & 17th August

SOUTH FLORIDA - Miami Herald
Gambling booming in S. Fla., but consequences unclear

SOUTH FLORIDA - Sun-Sentinel
Casino ships face long odds
With the closure of SeaEscape's operations for the first time in 21 years there will be no casino boat with that name sailing out of Port Everglades.

MONACO - The Independent
From London and Paris to Marrakesh, Monaco looks for windows on the world
"SBM has a monopoly concession to run Monaco's casinos until 2027. It owns five, as well as four hotels, 32 restaurants, an 18-hole golf course, an opera house and several nightclubs, including Jimmy'z"

PENNSYLVANIA - Morning Call & Erie Times-News/AP
Gaming board backed gambler, report shows - Don Barden.
Ground broken for North Side casino - December 2007.
State plagued by casino problems
Pa. regulators still feel heat for casino troubles
State plagued b

KUNMING, CHINA - Shanghai Daily
Massive online gambling trial opens in Kunming

MACAU - Macau Daily Times
Local gaming staff promotion plans to be submitted on Monday: Tam
Gaming inspection chief clarifies Casino Lisboa's concession price
Crown Macau's improved performance lifts Melco's earnings
Police nab dealer for stealing HK$300,000 chips

MATTHEWS, N.C. - Yahoo/Business Wire
PokerPro Receives Authorization for Field Trial in Nevada

Melco Crown shares slip after prior day's surge

British News
Be on GMTV - Addicted to gambling
Web gambling scam clue to murders of Chinese pair
Brigg betting shop manager stole £3,000 from employer

Around the  U.S.
Casino slot revenue dips; state gets $37M - Connecticut
Slot revenue dips at both Conn. casinos - Connecticut
"At Mohegan Sun, slots slipped about 14.6%. That was down $16.1 million from July 2007."
Kan. gaming panel to review possible violations
Off-duty officer returns fire after brawl outside KC casino
Alleged gambling house raided, shut down - Tennessee
Single digit sparks suit between casino, businessman - Toll free number dispute.
Lawsuit would block measure to cap Missouri casinos, remove loss limits
Eastside Cannery Casino & Hotel to Open August 28

Friday, 15th August

Macau - AFP & Xinhua
Macau chief says gaming revenues could fall in 2009
"It will not be surprising if income from some sectors, such as the gaming industry, records negative growth next year, as it had grown at a high speed in the past,"
Macao's gaming sector expected to show negative growth in 2009

Harrah's PE purchase
Apollo and TPG hit by $600m Harrah's writedown - Daily Telegraph
Harrah’s investment weighs on Apollo fund -
Harrah’s accepts $17.1bn buy-out offer - December 2006.

LAS VEGAS - Reuters
Elad postpones Las Vegas project, loan repayment

British News
Chinese student brutally murdered in flat 'may have been involved in internet football betting scam'
Betting scam linked to Chinese couple murder - Yahoo/AFP

Colombian gambling houses allegedly bombed by FARC

Gambling baron faces new tax crime charges

LAS VEGAS - Yahoo/PRNewswire
Gaming Partners International Reports Financial Results for the Second Quarter and First Six Months of 2008

LAS VEGAS - Yahoo/PRNewswire
The Majestic Star Casino, LLC Announces Second Quarter 2008 Results

TAIWAN - The China Post
Liu calls for casino gambling legalization

Gamehost Income Fund - Reports 2008 Second Quarter Financial Results

Additional headlines
Rescue of troubled Pittsburgh casino gets Pa.'s OK

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