Limited Does Deal With Barangaroo In Sydney...
big news today, James Packers Crown Limited
(ASX: CWN) has struck a deal to build a $1 billion
hotel development at Barangaroo, on Sydneys
foreshore. Crown signed an agreement with the developer,
Lend Lease Limited (ASX: LLC) earlier today, but said
it will only go ahead if Crown gains approval to including
VIP gambling facilities (in other words a casino).
Just yesterday, Crown announced that it was spending
up to $568m to build a six star hotel at its Burswood
casino in Perth.
Work on Fijis first ever Casino to begin...
on Fijis first casino will begin this month
as investors will meet to give contracts to local
companies in Denarau this week.
Hundred Sands the company behind the project
has managed to raise $400million for construction.
the initial projections for phase one of the project
which will see the construction of a convention center,
casino and resort is $290m.
Director Larry Claunch says overseas investors are
often given misconceptions about Fijis investment
potential by local private sectors.
has been a lot of criticism if we could raise the
money in a timely fashion we have, criticism
and comments if we can finish on time we will
its going to be probably a fastest development
anybody has ever seen and it going to be fun to watch.
says the current government played a vital role for
didnt come to Fiji with a though of developing
a casino or anything for that matter I really
just came here to eat fresh fish but after
seeing the vision of this government I knew everything
was possible and I was all in.
hundred locals will be employed during the construction
and around 600 to 850 will be employed at the casino.
new casino is expected to begin operation from September
Aspers Casino looks forward to end of Games...
its happening right on the doorstep of his companys
flagship casino, Richard Noble is looking forward
to when the 2012 London Olympic Games finish.
chief operating officer of Aspers Group a joint
venture between the Australian Securities Exchange-listed
Crown and the Aspinall family, which operates Aspers
Casino at Westfield Stratford City next to Olympic
Park says weekly takings and average visitor
numbers are down about 20 per cent in the first week
of the Games.
Aspers at Westfield Stratford City, the countrys
largest casino, opened on December 1 last year, Noble
told The Australian Financial Review it was immediately
popular. In our first three days we had 30,000
visitors which was about 100 per cent above our business
case. After that we were averaging 25,000-30,000 visitors
per week. But in the last few months weve seen
the three carparks here at the Westfield get cut down
to one and now it is none, so we have been adversely
have been restrictions placed on visitor numbers to
Westfield Stratford by the London Olympic Games Organising
Committee (LOCOG). These include only Games ticket
holders being allowed access to Westfield between
8.30am and 5pm on Friday and Saturday.
says this cut down on the ability of regular Aspers
patrons to visit the casino. He said it also affecting
the numbers of people in the local area attracted
to Westfield during the Games, who could have potentially
visited the casino for the first time. LOCOG is also
likely to institute another similar lock-out
later this year due to fears about congestion at the
mall, which is between Olympic Park and public transport
the Olympics not providing the boost in business once
hoped, Noble says Aspers will now concentrate its
marketing efforts on the post-Games period. On
the 18th of September, after the Olympics and
then the Paralympics are over, we will be having a
says the casino concentrates on a high volume of customers
who spend relatively little. It has a catchment area
of 4.1 million people.
that is just in the east and the area around, north
to Luton and east to Southend, he said.
whats been surprising and also delightful is
that weve managed to get a lot of visitors from
the west of London as well.
change to British gaming laws in 2007 allowed for
the casino to be built without previous restrictions
that meant patrons had to become members. Aspers also
owns casinos in Newcastle, Swansea and Northampton
and is planning to open a new venue in Milton Keynes
he says Aspers is pleased about how the Stratford
business has performed given it has already expanded
since its December 2011 opening. It now has 57 gaming
tables, the highest number in Britain, up from 38
when it opened. It has room to accommodate 80 tables.
There are also now 138 electronic gaming terminals,
up from 92. The site will soon feature a bespoke poker
room to go with the sports bar, VIP bar and terrace,
which has been hired out to corporate clients for
Noble, who is otherwise enjoying the Games, cant
wait until September. Some of our patrons are
not able to get here at the moment but that will change
once all this is over. (The Australian Financial
Police detain 150 in Macau casino raids amid fears
of new gang war...
KONG (Reuters) - Police detained more than 150 people
in weekend raids on casinos and hotels in Macau after
a recent spate of killings raised fears of a new gang
war in the world's largest gambling destination.
former Portuguese territory was gripped by gang wars
in the late 1990s and the recent murder of three people
in two weeks, thought linked to the gambling industry,
comes just months ahead of the release from jail of
triad boss "Broken Tooth" Wan Kuok-koi,
who wreaked havoc at that time.
1,300 people were rounded up on Friday and Saturday
in Macau and 150 of those were taken in for questioning
in the operation codenamed "Thunderbolt".
operation is an annual exercise to maintain public
security. It is a joint exercise undertaken by police
in Guangdong province, Macau and Hong Kong to crack
down and prevent crime in this region," a Macau
police spokeswoman said.
Hong Kong, police raided 21 locations on August 2
as part of the joint operation and arrested 130 people
on suspicion of various crimes including money laundering
involving HK$300 million (24.77 million pounds), illegal
gambling and prostitution.
also seized cash, watches and cars worth more than
Macau raids came just weeks after a Chinese woman
was found murdered in a residential area minutes away
from the cavernous gambling halls of gaming magnate
Sheldon Adelson's Venetian casino.
followed the murders of two Chinese nationals at the
five-star Grand Lapa hotel in Macau, a one-hour ferry
ride from Hong Kong, and an attack at the end of June
on a senior figure in Macau's junket industry, which
extends credit to rich gamblers.
contrast, only five homicide cases were recorded between
June 2011 and May 2012, according to Macau police
which like Hong Kong is a special administrative region
of China, has boomed since the 1999 handover from
Portugal, with Las Vegas moguls including Adelson
and Steve Wynn setting up glitzy casino hotels.
growth, however, has slowed significantly in the past
three months, forcing junket operators into more aggressive
of the smaller junket companies, which collect gambling
debts in exchange for a commission from casino operators,
are struggling to stay in business.
IGT partners with California casino...
computerised gaming equipment designer and manufacturer
International Game Technology (IGT) has signed a deal
that will see the Golden Acorn Casino and Travel Center
in California host an online casino application from
its Double Down Interactive subsidiary.
Vegas-based IGT purchased the casual games developer
in January and revealed that the Golden Acorn Casino
is set to utilise its technology in order to offer
casino players free-play gaming experiences.
Acorn recognises the opportunity to provide gaming
entertainment to its players across various channels,
said Eric Tom, Global Sales Executive Vice-President
solution is allowing it to grasp an opportunity to
evolve as the landscape of gaming also changes permitting
it to drive engaging gameplay directly to its casino
guests and fans of the Golden Acorn Casino and Travel
stated that the revenue sharing partnership will see
Golden Acorn use its own website in order provide
players with a truly convergent gaming experience
that is to include access to a full-casino-style
offering of games in one convenient place.
the same game titles on the web that we offer inside
our casino gives us the unique opportunity to deliver
fun and engaging casino-style experiences to our players,
said David Baggerly, Marketing Director for Golden
Acorn Casino and Travel Center, which is located 47
miles from downtown San Diego near the Mexican border.
is an incredible chance to drive interactive slot
culture to our players while allowing them to stay
connected to our brand.
at the Golden Acorn will be able to enjoy online social
versions of Texas holdem poker in addition to
some of IGT's top-performing slot titles including
Da Vinci Diamonds and Cleopatra. New games are to
be added automatically while first-time users will
receive one million dollars in virtual chips.
Development agreement for Bally and High 5 Games...
Technologies has entered into a multi-year agreement
with games developer High 5 Games to publish a substantial
number of new H5G games under the Bally brand for
the worldwide land-based, mobile and online business-to-business
casino gaming markets.
excited to partner with a game creator that has such
a world-class track record of developing high-performing
and engaging game content, said Jean Venneman,
Vice President of Product Management and Licensing
at Bally Technologies. We look forward to leveraging
H5Gs newest game content to help casino operators
across the world drive revenues and delight players.
Srinivasan, Bally's President and Chief Operating
Officer, added, The partnership with H5G reflects
our commitment to delivering best-of-breed, cross-platform
game content to our customers. This promise is reflected
in the more than 25 game studios we have established
across the globe, augmented by relationships with
proven game developers like H5G that enable us to
deliver a diverse array of creative, interactive,
and exciting game content.
are delighted to partner with Bally Technologies,
a long-time leader in the casino gaming industry,
said Anthony Singer, Chief Executive Officer of H5G.
With Ballys sophisticated new ALPHA 2
game platform, and a new Bally Interactive division
committed to mobile, online, and social business-to-business
game content, we believe that the sky is the limit
for this next generation of H5G games.
Bwin.party Digital Entertainment Plc : The bearish
trend should continue...
Opinion : Bearish under 115.5 GBp
Target price : 83.4 GBp
Stop loss: 115.5 GBp
LONDON STOCK EXCHANGE
(BPTY) was formed from the merger of bwin Interactive
Entertainment AG and PartyGaming Plc in March 2011
to create the worlds largest listed online gaming.
Incorporated and licensed in Gibraltar, the Group
has over 2,700 employees across Europe, India, Israel
and the US. It commands leading market positions in
each of four product: online sports betting, poker,
casino and bingo with some of the worlds biggest
online gaming brands including bwin, PartyPoker,PartyCasino
month ago, we forecasted a downtrend with a target
price at GBp 102. This target was reached and we reiterate
our opinion. In a bearish trend, BPTY continues to
a fundamental viewpoint, the group is in a bad financial
situation. Analysts have recently downgraded their
forecasts for earnings per share. This indicator is
often a precursor of a declining profitability and
a worsening climate of investor confidence. Even if
the company has a lot of cash, it is overvalued :
BPTYs PER for 2012 is 38.9x and 16.3x for 2013
and growth rates are low.
a technical viewpoint, prices are in a downward trend.
Moving averages are trending down and put pressure
on the stock, which confirms this downward momentum.
This trend may continue toward the GBp 95 support.
Moreover, the security is testing a pivot point at
GBp 102.6 in weekly data and the significant breakdown
of this level would be a new bearish signal.
into account fundamental and technical elements, investors
can initiate a short position in BPTY with a first
target price at GBp 95. If the security crosses this
level, the second target price will be the long term
support at GBp 83.4. A return towards GBp 115.5, the
short-term resistance area, will invalidate the bearish
strategy, which justifies a stop loss. (4 Traders)
may seem difficult but it is important that all citizens
across the world stay updated with Internet Betting
laws. Below you will find what we understand as the
laws to online betting in certain areas of the world.
Internet Betting Laws
The United States of America has the most ambiguous
online casino laws in the world. They have passed
laws to ban banks from allowing transactions that
are deemed illegal, but no one has any idea what the
United States considers legal or illegal. Currently,
all US citizens are advised to check with local laws
before gambling online. Even the online casinos aren't
sure if you should be allowed to bet at their site.
Some companies don't allow US players, others allow
some US players, and some could care less where a
player is from.
Internet Casino Laws
The UK is the first major country to completely legalize
and regulate online gambling. The Gambling Act of
2005 was passed while Prime Minister Tony Blair was
in office. Blair had a flair for expanding gambling,
but when Gordon Brown took over as Prime Minister
in the UK he provided a tax structure that was so
high that most online casino companies were not urged
to relocate to England. Today, all web branded casinos
that are in a UK approved jurisdiction are legal for
UK citizens to play at.
Online Betting Laws
As the world gets deeper into the 21st century and
the Internet becomes a more common cultural tool more
and more countries are realizing the reality that
is Internet gambling. Currently, Spain, Italy, Germany
and other countries have moved to legalize and regulate
the industry, while few still look to protect their
homeland gaming monopolies. It is extremely important
to check all local, state, and federal laws before
participating in any online gambling activities.