Online Gambling Press

A 70-year old grandfather of three is being hailed a hero by silver surfers everywhere after repeatedly beating the roulette tables at the world's oldest online casino, InterCasino. Leslie Perrott, a coach trimmer from East Sussex, showed the younger generation of online gamers how it's done by winning over £360,000 in the space of 10 days on www.intercasino.co.uk. In scenes reminiscent of Hollywood blockbuster Ocean's Thirteen, the quick-witted grandfather had InterCasino bosses scratching their heads as his roulette numbers kept coming up. “I'm absolutely delighted with the win” said Mr Perrott “I plan to treat my family to very generous  [ Read More ]

Australia’s largest casino company, Crown Ltd., said it agreed to buy Cannery Casino Resorts for $1.75 billion, expanding its business in Las Vegas. Cannery Casino, which is privately held, operates three Las Vegas casinos, including the Cannery Casino and Hotel and the Nevada Palace casino, and the Meadows Racetrack and Casino south of Pittsburgh. This month, Publishing and Broadcasting Ltd. split into separate listed companies, Crown and Consolidated Media Holdings Ltd. A private company led by James D. Packer, Consolidated Press Holdings Ltd., owns 38 percent of Crown’s stock. gamblingplanet.org

Macao's casino industry will likely see record gross revenues of 83 billion patacas (USD 10 billion) in 2007, an increase of 46.5% over last year, according to local news reports. The casinos' gross receipts were expected to reach 8.1 billion patacas (USD 1.03 billion) in December according to a senior official of Macao's Gaming Inspection and Coordination Bureau. The official added that the Las-Vegas-style casino resort MGM Grand Macao, opened on Dec. 18, recorded gross receipts of 51.5 million patacas (USD 6.6 million) in its first two days of operations. The opening of MGM Grand has added to the number  [ Read More ]

Bingo, casino and online betting firm Rank scrapped its final dividend payment on Wednesday, blaming tough trading in its bingo and casino businesses. Rank said its Mecca bingo like-for-like revenues in the 14 weeks since Sept 1. were down 18 percent, admissions were down 15 percent and spend per head fell 3 percent. It added that Grosvenor casino like-for-like revenues were down 7 percent, admissions were down 5 percent and spend per head was down 2 percent. “The short-term trading outlook for Rank remains challenging,” the firm said in a statement. The firm has had a torrid time over last  [ Read More ]

A former NFL offensive lineman was one of five men arrested over the weekend in a bust of an alleged Internet gambling operation. Todd Burger, 37, of Freehold, allegedly collected gambling debts for suspect Anthony “Cheese” Pecoraro, 34, of Colts Neck. Burger started all 16 games and both postseason games for the New York Jets in 1998. He played for the Chicago Bears from 1993-97, starting a total of 24 games. He was signed by the Bears as a free agent after playing at Penn State. According to the Somerset County Prosecutor's Office and New Jersey State Police, who conducted  [ Read More ]

Antigua and Barbuda are entitled to levy $21 million a year in sanctions against the United States for being shut out of the U.S. online gambling market, a World Trade Organisation (WTO) arbitrator ruled on Friday. The tiny Caribbean nation can exercise the sanctions in intellectual property, such as films and music, for instance by lifting copyright protection, as well as in services, which includes sectors such as banking and telecommunications as well as gambling, he said. Antigua had asked the WTO for permission to impose $3.44 billion in “cross-retaliation”, allowing it to seek damages outside the original services sector.  [ Read More ]

Totesport Casino, an internet arm of government-owned bookmaker the Tote, is switching its operations to the offshore tax haven of Alderney in a controversial move that will allow it to advertise freely in the UK while avoiding UK tax and regulation. The move will come as an embarrassment for ministers who have sought to present the UK's approach to online gaming regulation, set out in the Gambling Act 2005, as world-leading. In practice, the industry has boycotted the UK regime. At a conference of international regulators held at Ascot last year, Peter Dean, chairman of the government's new Gambling Commission,  [ Read More ]

A MAN behind an online casino popular with gamblers was jailed for three months on Monday and fined $80,000. Cheh Back Hai, 59, was the local webmaster and chief salesman for an Internet gaming house whose software he peddled to shops across Singapore, a district court heard. Cheh pleaded guilty to eight charges under the Common Gaming Houses Act, with 17 other counts taken into consideration. The crimes took place between place between August last year and May this year. The investigation showed that Cheh was the main agent for JV8, an Internet casino. He sold the game's start-up software  [ Read More ]

The European Commission dealt a blow to European online gaming companies on Monday when it accepted a U.S. offer of openings in other sectors as compensation for closing U.S. gambling market to foreign firms. European firms such as PartyGaming and bwin Interactive Entertainment had hoped the European Union executive might shun a settlement and fight on instead to restore their ability to operate in the world's biggest market. “A bilateral agreement was signed in Geneva, which provides EU service suppliers with new trade opportunities in the U.S. postal and courier, research and development, storage and warehouse sectors,” the commission said  [ Read More ]