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Archive 2008: 1st - 7th October

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Tuesday, 7th October

GAMING INVESTMENTS - Yahoo/AP & Guardian/Reuters
Casino stocks dip as spending wanes
US casino stocks hit new lows as credit woes bite
Progressive Gaming which had a 1 for 8 split just 3 weeks ago is presently trading at 54 cents down over 50% on the day.

U.S. & Czech Republic - Business Wire
Trans World Corporation Updates 2008 Company Outlook Based on Strong Year-to-Date Performance

IRELAND - GLAI, Irish Times & Global Gaming Business
DKM publishes new report that assesses the economic impact of regulating the Irish casino gaming sector
Casino operators say regulation could create 3,000 jobs
The Luck of the Irish - JJ Woods article in Global Gaming Business.

British News
Scam gang fleeced casinos - Manchester Evening News
Casino gang sentenced after cheating at roulette - Birmingham Post
Wimbledon casino crook busted - Birmingham Post
"The Police investigation, codenamed Cobre, began in March 2007 when the Gala Barracuda casino in London made an allegation to police that the trio had been cheating."

Casino plan gets go-ahead - Lancaster Guardian
UK bookmakers lose recession-proof edge - Reuters
Bookmaker Zac Goldsmith bets on High Court gambling win

U.S. Financial crisis
Credit Crunch hits the strip - Sheldon Adelson interview
Casinos bet the bank - Business Spectator
Some casino operators hit new lows as markets fall - Yahoo/AP
MGM Mirage changes debt terms in tight market - Yahoo/AP

FT. LAUDERDALE - Miami Herald
SeaEscape casino boat ordered sold at auction
"The SeaEscape vessel, known as the M/V Island Adventure, is scheduled to be sold at auction by the U.S. Marshals Service at noon on Oct. 16 at the Broward County Courthouse."

AMZ Holdings Plc - Opportunity to open the first casino in Puerto Princesa, Palawan in the Philippines

Three measures to reduce non-resident workers
"Economic and Financial Secretary Tam Pak Yuen announced that from 1 January 2009 onwards, the Government will not accept new applications for non-resident workers working as supervisors in casinos, with the aim to promote all local croupiers to the positions by next year."


MACAU - Straits Times
Visa curbs hit Macau's casino - Monthly revenues fall for first time in 3 years; gambling stocks also dive
"Monthly casino revenues fell for the first time in nearly three years to 6.9 billion patacas (S$1.25 billion), down 3.4 per cent from a year ago and 28 per cent from the previous month"

Additional headlines
Duplicate Poker Shuts Down

Gambling Helpline saved from closure

Privatisierung der Spielbanken rückt näher - Magdeburg, Halle & Wernigerode

Jac van Ham buys back JvH - IntergameOnline

Monday, 6th October
U.S. Casino Operators
U.S. Operators
U.S. Casino Suppliers
U.S. Suppliers

Atlantic City mulls delaying casino smoking ban
"With the economy crumbling and revenues plunging, Atlantic City is considering delaying the start of a total smoking ban at its 11 casinos."

LAS VEGAS - Yahoo/AP & PRNewswire
MGM's CityCenter gets 1st stage of financing
CityCenter Secures First Phase of Its $3.0 Billion Senior Credit Facility

UK Betting Shop Machines Attacked In Newspaper Ad Campaign

VIETNAM - Reuters
Vietnam casino developer eyes $1 bln HK IPO

Macao's casinos hit by share slide
Gambling industry holds a weak hand as downturn bites

MACAU - Macau Daily Times & Yahoo/Reuters
Macau gaming revenues record first ever drop
Galaxy Entertainment slumps amid visa restrictions
Macau stocks slide as slowdown, travel curbs weigh
TDM English News - 4/10

ESTONIA - Eesti Päevalehe
Phase one of the Estonian casino island to cost EEK 300 million
Märt Sultsi kavandatud kasiinosaar vajab 300 miljonit krooni laenu

British News
Councillors debate casino plans - Lancaster. BBC Manchester

Additional headlines
Casino gambler blows $3 million - Melbourne
Casino debate catches fire in Maine
10 Killed When NorCal Charter Bus Overturns
Problem gamblers waiting too long to seek help - New Zealand

Sunday, 5th October

John Juanda Crowned Champion of WSOPE Main Event

LAS VEGAS & MACAU - Las Vegas Review-Journal
Macau's drop-off hurting Las Vegas - Visa restrictions bring dip in gaming revenue

LAS VEGAS - Las Vegas Review-Journal
Harrah's Entertainment plans to lay off more workers
"The casino operator, which owns and operates Paris Las Vegas, Bally's, Bill's, Flamingo, Imperial Palace, Harrah's, Caesars Palace and Rio locally, has already cut nearly 1,500 Las Vegas jobs this year,"
Casinos must wait for $800,000
PLAZA VERSUS PLAZA - Which hotel is which? Lawyer says style will help consumers tell

PartyCasino Adds Live Online Dealer Gambling

LONDON - Business Wire
Recession Creates a Perfect Storm for Internet Gambling Land Based Businesses to Suffer, Says New Report from GBGC

Taiwan Legislature to discuss casinos for outlying islands close to China

British News
Poker player plays cards right to go pro - Sunday Times

Additional headlines
Casino's effects mixed for town in Michigan
O.J. Simpson's luck runs out after 13 years - Reuters
Smoking ban wafts offshore to Goa casinos
Decision Complicates Seminole Gaming Pact
Matt Brady Wins the UltimateBet Aruba Poker Classic

Saturday, 4th October

Macau - China Economic Net & Macau Daily Times
Macao's gaming revenue growth slowdown arouses fears of mass lay-offs
"From September till the end of 2008, the gaming sector is expected to see "very slow or even negative growth", Lusa quoted the source as saying."
Mainland toughens visa restrictions on visitors to Macau
"China is also concerned about the outflow of cash, much of it to United States-based firms that have been the major investors in Macau since its gaming business was opened up in 2002."
TDM English News 3/10
LAS VEGAS - Yhoo/Reuters & LVS/AP
O.J. Simpson convicted, jailed in Las Vegas
Jury finds O.J. Simpson guilty on all charges

LAS VEGAS - In Business Las Vegas
Would unionization of dealers push casinos to automation?

Gobierno uruguayo anuncia cambios en Aduanas y Casinos

SOUTH KOREA - Korea Times
Busan Casino Market Flourishes

Smoking ban hits casino jobs
Banen op het spel bij Holland Casino

U.S. CASINO LAYOFFS - Detroit & Oregon
MGM plans more layoffs
MGM to cut dozens more workers
Mill Casino lays off 37 employees

British News
Crooks jailed for robbery at betting shop - Liverpool

Additional headlines
EU imposes ultimatum on gambling in Bulgaria - Very brief.

Friday, 3rd October

Online casino to spin into history

Casinos dip as Congress passes bailout package - A dip is putting it mildly !
Las Vegas Sands slips as analyst cuts price target

WARSAW - Yahoo/PRNewswire
Century Casinos Announces Launch of Nationwide Mega Jackpot in Poland

LONDON - World Series of Poker

Visa limits in Chinese Macau hit gambling stocks
TDM English News 2/10
"The South China Morning Post said Thursday that Mainland authorities have quietly changed the visitation policy for the residents of the southern Chinese province of Guangdong. Residents now are allowed one trip every three months instead of two months. One of Macau's biggest sources of customers is Guangdong."
Industry predicts up 40% decline in property market - MDT

The Mall at Studio City. Aomen TV

4 indicted in alleged poker scam at Borgata
Steve Forte And The Four Kings - YouTube
Hand Quicker Than Eye
Genii Magazine cover October 2005 -

NEVADA - Las Vegas Review-Journal
Nevada's jobless rate will increase - Economic forum told state is in a recession

AUSTRALIA - Melbourne Age/AAP
Frank Lowy now Australia's richest man
James Packer, has apparently seen his wealth decline from A$6.1 billion to A$5.2 billion (€2.9b) since May and is now Australia's second richest citizen.

NEVADA - Las Vegas Business Press
Zen Gaming invites bettors to try new kind of poker

ANTIGUA - Antigua Sun
Still no end in sight to gaming dispute

British News
Sixth arrest over casino shooting - Glasgow

Additional headlines
NORM: Wynn ready for another big finish
Tropicana's former owners vie for control of casino
Report: 97 percent of visitors satisfied with stay in Laughlin - Laughlin Times
SugarHouse offering casino design changes
Casino is fined $100 for letting customers smoke - Colorado
Fate of O.J. Simpson rests with Las Vegas jury
Applications for Kansas casino due in January

Thursday, 2nd October

Las Vegas
Las Vegas' Losing Streak
Adelson pours own money into LVS
Adelson bails out Las Vegas Sands with cash
Las Vegas Sands sinks on analyst downgrade
In early trading today Las Vegas Sands stock is trading at $27, MGM $24 and Wynn at $75.
Las Vegas unveils name of new mob museum - Las Vegas Museum of Organized Crime and Law Enforcement.
CBS Evening News
The Other America
In Casinos Shadows, Life In Tent City
"Nevada's unemployment rate is at a 23-year high. In Reno, the number of jobless jumped 60% in the last year. Now for 170 people, the tent city is home."

British News
Gambling cheat's con 'business' - Manchester Evening News.
"On his arrest Lopez was found using 45 different aliases."
House price fall biggest in 17 years

WSOPE 2008
WSOPE: Ivan Demidov Makes Historic Double Final Table Appearance
2008 WSOPE Final Table Decided: Three Multiple Bracelet Winners Make Cut - Annette_15 - 15 minutes
EPT London
EPT London - 77 make it through Day 1a

Online & Interactive
Cryptologic signs first casino customer in Russia & CIS
CryptoLogic inks exclusive licensing deal with Kurastica for Internet casino software ?
Playtech Announces Agreement Signed with MANSION (Gibraltar) Limited

U.S. ELECTIONS - The Day & Time Magazine
John Mccain, Gambling Man
Candidates' Vices: Craps and Poker - 2nd July.

MIAMI - Miami Herald
Miami casino deal could have a benefit

Not all smooth sailing for Mo. casinos
Mo. casino measure would erase loss limits

Additional headlines
Red Hawk Casino secures $77M loan
Ontario woman arrested over $3.5M lotto jackpot

Wednesday, 1st October

WSOPE 2008
WSOPE £10,000 NLHE Main Event, Day 3: Juanda, Negreanu Top Final 24

LONDON - Sports Recruitment 2008 Salary Survey
Sports Recruitment International 2008 Salary Survey (PDF)

WARSAW - Reuters/PRNewswire
Century Casinos Announces Grand Opening of Extension of Casino in Warsaw on October...

CONNECTICUT - Reuters & Norwich Bulletin
Big U.S. casino Foxwoods to cut 700 jobs
Casinos: Foxwoods, MGM Grand laying off 700
"The announced layoffs come one week after the Mohegan tribe suspended construction of the remaining $734 million of the Earth Expansion, a project that was expected to create 1,200 permanent jobs and at least as many construction jobs."

MAINE & LAS VEGAS - Bangor News
Casino details revealed - Location decision likely next week

LAS VEGAS - Wall Street Journal & Yahoo/PRNewswire
CEO Makes Big Bet on Las Vegas Sands
"In a sign of how credit turmoil is forcing companies to look for new sources of funding, Sheldon Adelson, the billionaire chief executive and major shareholder of Las Vegas Sands Corp., agreed to loan his gambling company $475 million of his own cash."
Las Vegas Sands Corp. Announces Investment from Sheldon G. Adelson Family

CALIFORNIA - Sacramento Business Journal
Schwarzenegger OKs 5,000 slots at Red Hawk

LOS ANGELES - Yahoo/Business Wire
World Poker Tour(R) and Fox Sports Net Launch New TV Series,

MIAMI - Miami Herald
Beach's Fontainebleau hotel gave to Miami gambling effort

LAS VEGAS - Variety
'Lion King' to roar in Vegas - Musical opening at Mandalay Bay in May '09
Disney's 'The Lion King' set to roar in Sin City

British News
Poker advert angers ASA
Armed robber hits bookie - William Hill, Swindon.

Additional headlines
Greyhound Racing Facing Extinction in Mass.
"In the 1980s there were more than 50,000 greyhounds bred each year to race at about 60 tracks nationwide, Guccione said. This year, the number of dogs will drop to less than 20,000 and the number of tracks has been cut almost in half."
Beach's Fontainebleau hotel gave to Miami gambling effort
Gaming equipment companies head lower in quarter
Casinos give big to boost betting limits

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