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Archive 2008:  8th - 14th July

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Monday, 14th July

LONDON - Reuters
Ladbrokes up on market talk of Irish interest-trdrs

LONDON & CHICAGO - The Sunday Times
Playboy bunnies hop back to UK - Market Cap of $162 million.

AUSTRALIA - Yahoo Aus/Reuters
Tatts CEO sees benefit of Tabcorp tie-up,TTS.AX&d=s

HONG KONG - Yahoo Malaysia/AFP
Billionaire Stanley Ho's struggles to adapt to new Macau
The long delayed listing on the Hong Kong Stock Exchange of Stanley Ho's SJM will commence this Wednesday. The company's share of Macau's gaming revenues declined to just under 40% in 2007.

MACAU & HONG KONG - MarketWatch
Macau Success and SBI Holdings Form Strategic Partnership in Ponte 16

AUCKLAND - Bloomberg & Radio NZ
Sky City Puts Adelaide Casino Expansion on Hold
Sky City has confirmed it expects to make a full year profit of up to $110m

Rio Dealers Vote Down Union Representation In Las Vegas - 247 to 162
Las Vegas casino's dealers reject union

WSOP Main Event
Last Woman Standing: Tiffany Michelle
World Championship No-Limit Texas Hold'em Chip Counts
Hellmuth ousted from World Series of Poker
"Get out of jail" card can't prevent Hellmuth elimination from WSOP

Additional headlines
High tax, regulation blamed for Adel Casino woes
Casino drink anger flares - Melbourne
The Second Man vs Machine Poker Championship
Gunpoint hold-up at bookies - Corals, Southampton.
Woman blew £450,000 from friend at casino - Bristol.

Sunday, 13th July

DETROIT - Detroit Free Press
Casino employees learn their workplaces are hard to cheat

MANILA - Manila Times
Philippines is gambling lords’ Eden - PAGCOR City development.

WSOP Main Event
188 Opponents left and Counting - I am in 21st
Gus Hanson blog. Shortly later he was dumped out of the tourney.
Official Day 6 Seat Assignments - The only female left !
WSOP Day 4: The marriage between TV and poker

Additional headlines
Fiscal adviser repays casinos but not clients
"Now he gets 3 meals a day and a roof over his head, and medical care if he needs it. What a scam."
Royal Group seeks $2b for island project - Cambodia
87 arrested in crackdown on Euro 2008 football bets in Hong Kong
Bad bets: Aging boomers take gambling's bait

Saturday, 12th July

Crazy day for Wynn Resorts - Cotai Casino News
Wynn expects operating income to double in Q2 - Macau Daily Times

Declining Gaming Revenue Hitting Local Casinos Hard
May visitor statistics down but not out

Nevada casinos' gambling revenue in May worst in 10 years; 'big' decline in spending blamed

LONDON - Aristocrat Press release (PDF)
Daniel Lindsay takes lead role as Aristocrat restructures European sales & marketing

Wynn Places Its Chips on Stock Buyback - The Street
DEQ Releases its 2008 Second Quarter Results - MarketWatch

British News
Gamblers cruel con - Bristol
"The total amount of money that is involved has been calculated at the truly remarkable figure of £454,000."

WSOP Main Event
Hellmuth appeals to god for cards at the Main Event
Team Ladbrokes Cashes in the WSOP Main Event - Ladbrokes sent 120 players.
Obrestad is already what she wants to be when she grows up
More Dispatches From Vegas: Everybody’s Broke and Short - MSR Podcast

Additional headlines
Horse racing struggling to divvy up growing Internet pie
Davenport gaming license valued at $169m - Iowa
Greektown Casino Revenue Falls
Vatana fled to Cambodia, police say - Poipet Casino owner

Friday, 11th July

Gaming win plummets in May figures
Gaming tax collections sink - Worst percentage drop in at least 10 years

SYDNEY - AGMMA Press release (PDF)
Free entry for Gaming Executives to the Australasian Gaming Expo (AGE)

ATLANTIC CITY, N.J. - Yahoo/AP - Wayne Parry
June swoon could mean 2nd straight down year in revenue for Atlantic City casinos
"Only one of the 11 casinos saw revenues increase last month, and of the losers, eight posted double-digit declines." "Slot revenue was down 12.2 percent to $266.2 million, and revenue from table games was down 8 percent to $107.4 million."
Casinos report June revenue decline

NEVADA - MarketWatch
News from Vegas only getting worse
"Statewide, gambling revenue in May slumped 15%, with a roughly similar pace of decline in table games and slot machines alike."

IRELAND - Irish Times, Reuters & Irish Examiner
Report calls for regulator to oversee gambling
Regulating Gaming In Ireland (2.11MB Pdf) - Irish Department of Justice.
U.S. online gaming ban a chance for Ireland: report
Gambling machines accept €500 notes

GAMING INVESTMENTS - Yahoo/AP, MarketWatch & Reuters
Out of the Gate: Wynn Resorts shares surge
Casino stocks soar; MasterCard moves higher
Wynn sets $500 mln buyback; shares up 15%
Wynn Resorts, Limited Announces Preliminary Second Quarter Results

British News
Rank Group PLC - HMRC appeals VAT decision
Leisure & Gaming says trading in line
Gaming VC trading ahead of expectations
Blackpool needs 'posher' tourists
Bookies refuse to honour £2,400 Euro 2008 win

WSOP Main Event
World Series of Poker field thins as players near prize money
World Series of Poker's main event Day 7
2008 World Series of Poker Sets Records for Entrants, Prize Pool & Global Participation

Additional headlines
Studie: Rund 100 000 Deutsche sind glücksspielsüchtig
Betfair and Sportingbet mount legal challenge - New South Wales
1,300 Asians held in football gambling swoop
Police across Asia break up illegal soccer gambling networks - Interpol PR.

Thursday, 10th July

IRELAND - & Irish Times
Casino owners to face rigourous background checks
"Some 32 recommendation were made in the report of the casino committee – Regulating Gaming in Ireland – which will be scrutinised by a cross-party committee after the summer recess."
Report on gambling out 'within days'

HONG KONG - Forbes &
Wynn Resort Plan Not Yet A Winner In Macau
Wynn eyes HK listing for Macao growth

Chips down for Macau's casinos
"The companies have been locked in a VIP commission war for the past few months, and now routinely hand over up to about half their casino winnings to junket agents who bring in the high-rollers. This is in addition to the 38 to 39% government tax on gaming revenues. As a result, casino developers are left with as little as 11% of their earnings"

HONG KONG - Reuters & MarketWatch
Wynn Resorts considering $3 bln HK IPO -report
Wynn mulls $3 billion casino-group listing in HK
"Wynn Resorts has secured a 21-hectare (52-acre) site on the Cotai strip. Ground-breaking on a luxury resort project, which will feature 1,500 to 1,800 rooms, is expected to begin by the end of 2009."

U.S. - Canadian Business/AP - Marc Levy
Stingy credit markets, dropping gambling revenue testing casinos across United States

FLORIDA - Sun-Sentinel & Miami Herald
Judge says he can't stop Seminoles' blackjack
Blackjack still on at Hard Rock, for now

AUSTRALIA - Brisbane Times, Reuters &
Crown not interested in Ameristar
Australia's Crown denies Ameristar bid interest
Packer ponders big bet on US casino chain
"Crown’s shares have fallen from around $14 at the start of the year to around $8.60, while the Nasdaq-listed Ameristar has dropped from $US27.54 to $US13.54."

British News
Ladbrokes Poker announce changes to Poker Million VII Series
Police in bookies' armed robber hunt - BetFred, Glasgow.

WSOP Main Event
Hellmuth-Jelassi skirmishes add spice to the World Series of Poker

Additional headlines
Indiana casinos had rough June
Casino revenue declines 9% - Indiana
Rule could spur more trips to Indiana casinos
Bookies feel pinch as course betting plummets €13m - Ireland
Man says prescription drug caused compulsive gambling - Mirapex
Woman solicited poker dealer to kill partner - Ireland

Wednesday, 9th July
Picture of the Day...

HONG KONG - Reuters & IHT/AP
Court dismisses challenge against SJM's HK listing
Macau gaming IPO survives court challenge from Stanley Ho's sister
Macau casino SJM delays trading debut amid family feud
Ho delays HK listing of casino due to row

MACAU - Macau Daily Times, SMH &
Air Macau Crashes
China tries to hose down Macau gambling
Reshuffle on cards in Macau - Melco International - Crown

Aristocrat Chooses FutureLogic as Its Preferred Global Technology Partner for Current and Future TITO Gaming Systems

RENO - Yahoo/PRNewswire
International Game Technology Completes Acquisition of Cyberview Technology, Inc.

ESTONIA - Baltic Business News
Casinos’ profits drying up
Sults created a foundation for Casino Island

British News
£13m casino deal

Probability lures more gamblers to mobiles
Hammer wielding robber targets Eastwood bookies - Mark Jarvis
Eight arrested for illegal gambling - Walthamstow
Respected GP loses wife and career after spending £300,000 on gambling addiction
Firm in deal to protect Asian online gambling sites

WSOP Main Event
World Series of Poker players retool after break

Tuesday, 8th July

Macao casino companies looking for billions -
Junket commission rate capped at 1.25% -
Galaxy Launches a New Jumbo VIP Gaming Facility at StarWorld Flagship

PartyGaming Plc - Pre-close trading Update
PartyGaming shares fall 10%
HK court to decide Wednesday on Macau casino listing
Pompano casino targets Seminole gaming
Local 54 OKs Borgata pact

Casino Cruise Ship Suddenly Shuts Down, Lays Off Employees
Sterling Casino to Port: we fold - 500 jobs lost as negotiations fail
Barden to appear before gambling regulators
Couple used stolen money for AC gambling spree

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