Partnership Gives MGM Resorts a 30-Day First-to-Market Exclusive
LAS VEGAS, Sept. 21, 2011 /PRNewswire via COMTEX
Ghost-tracking Psycho Kinetic Energy meters will be going crazy at MGM Resorts International (NYSE: MGM) properties when the frighteningly fun Ghostbusters(TM) Slots come to The Strip as part of a 30-day, exclusive first-to-market partnership with International Game Technology (NYSE: IGT). The Ghostbusters(TM) Slots featuring Slimer, the Stay Puft Marshmallow Man and the hilarious Ghostbusters team was launched throughout the MGM Resorts' Las Vegas properties Monday, Sept. 19.
Debuting on IGT's new Center Stage Duo(TM) model, the game features the mischievous and lovable character Slimer teasing, mocking and awarding players with antics, multipliers and credits as he leads them through the game. A vivid 55-inch overhead LCD screen and chest-pumping MEGAfx Surround Chairs will send players' adrenaline racing during spectacular bonus rounds including:
Ballroom Busters Pick Bonus: Holdin! Smokin! Ready! Players are awarded five proton shots to blow up the ballroom to find ghosts.
Stay Puft Free Games Feature: Marshmallows fall from the sky, stick to symbols and turn them wild during this sweet feature.
Are You Psychic? Bonus: Guess the correct card to win credits and advance to the next round!
Paranormal Pick Bonus: Five levels of Paranormal Pick Bonuses allow players to select from phantasm clouds for a chance to win the progressive jackpot.
"Based on the blockbuster film franchise from Sony Pictures, the memorable characters, a catchy song and many unforgettable scenes have made Ghostbusters a pop culture mainstay, and I think we've captured the fun of the brand in the Ghostbusters Slots," said Eric Tom, executive vice president, North America Sales and Global Operations. "Players will be thrilled by the constant action and our graphic and sound technology will make for a ghoulishly good time."
Sherri Gilligan, senior vice president of marketing for MGM Resorts International, said, "Our guests deserve to have an amazing experience each time they arrive at one of our properties and the Ghostbusters Slots will add to that overall experience. The partnership with IGT allows us to create new opportunities for our guests and this is another example of an exclusive game we will feature on the casino floors throughout our company during the festive Halloween season."
To help kick off the Ghostbusters(TM) Slots fun, MGM Resorts and IGT will launch a sweepstakes featuring a grand prize VIP trip to Las Vegas.
About MGM Resorts International
MGM Resorts International (NYSE: MGM) is one of the world's leading global hospitality companies, operating a peerless portfolio of destination resort brands, including Bellagio, MGM Grand, Mandalay Bay and The Mirage. In addition to its 51% interest in MGM China Holdings and the MGM Macau, the Company has significant holdings in gaming, hospitality and entertainment, owns and operates 15 properties located in Nevada, Mississippi and Michigan, and has 50% investments in three other properties in Nevada and Illinois. One of those investments is CityCenter, an unprecedented urban resort destination on the Las Vegas Strip featuring its centerpiece ARIA Resort & Casino. Leveraging MGM Resorts' unmatched amenities, the M life loyalty program delivers one-of-a-kind experiences, insider privileges and personalized rewards for guests at the Company's renowned properties nationwide. Through its hospitality management subsidiary, the Company holds a growing number of development and management agreements for casino and non-casino resort projects around the world. MGM Resorts International supports responsible gaming and has implemented the American Gaming Association's Code of Conduct for Responsible Gaming at its gaming properties. The Company has been honored with numerous awards and recognitions for its industry-leading Diversity Initiative, its community philanthropy programs and the Company's commitment to sustainable development and operations. For more information about MGM Resorts International, visit the Company's Web site at www.mgmresorts.com.
About IGT
International Game Technology (NYSE: IGT) is a global leader in the design, development and manufacture of gaming machines and systems products, as well as online and mobile gaming solutions for regulated markets. More information about IGT is available at www.IGT.com or follow IGT on Twitter at @IGTNews or Facebook at www.facebook.com/IGT.
Ghostbusters: TM & ©2011 Columbia Pictures Industries, Inc. All Rights Reserved.
SOURCE IGT; MGM Resorts International
Tuesday, September 27, 2011
PartyCasino Rewards Early Birds Via Bwin.Party Digital Entertainment
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PartyCasino is rewarding early birds all week in an Early Bird promotion which started at 00:00 Eastern Time today (Monday 26 September) and ends at 23:59 Eastern Time on Friday 30 September. We stress the times because the Early Bird promotion will be giving out cash prizes to the first 20 players who earn themselves 600 points on any given day, so choosing when to play is quite important. For readers in the UK, Eastern Time is five hours behind GMT, so it could be argued that online casino players here have an advantage when it comes to being ‘early birds’ in the Eastern Time zone.
The featured game categories in the Early Bird promotion are slots and jackpot slots (such as Marvel Hero Jackpot slots and The Godfather), and you can choose to play whatever titles you wish from those categories. The idea is that you play the games in the usual way (keeping your fingers crossed that you win yourself a jackpot, of course!) and as you do so you will earn points according to your wagering activity. If you are one of the first 20 players to earn 600 points on the day in question (a day obviously runs from 00:00 to 23:59 ET) then you will win $200!
If you are a Palladium VIP member at PartyCasino then you can participate in your own Early Bird promotion which will award cash prizes to 10 players each day. The same game categories are featured (slots and jackpot slots) but in this case you will need to be one of the first 10 players to earn 6,000 points on a given day to win a cash prize of $500.
To participate in the Early Bird promotion you should visit the PartyCasino website, navigate to the Early Bird page and Opt In. Once you have opted in you can get straight down to playing your favourite slots and jackpot slots games to try and win yourself an Early Bird cash prize even if you don’t win a fortune on the slots themselves.
With so much prize money up for grabs we think the promotion will bring out the punter in you, and may event help you get out of bed a touch earlier than usual.
New players get up to $3000 sign up bonus.
Bwin.Party Digital Entertainment is the company behind PartyCasino. They have been in business over 10 years and are listed on the London Stock Exchange.
PartyCasino has achieved numerous awards and commendations including the Media Man 'Online Casino Of The Month' award.
Check out PartyCasino today to find out more and good luck!
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Bwin.Party Digital Entertainment PartyCasino.com War Of The Worlds Steven Spielberg Paramount Pictures Hollywood Movies World Casino Directory iGaming Media Man
PartyCasino is rewarding early birds all week in an Early Bird promotion which started at 00:00 Eastern Time today (Monday 26 September) and ends at 23:59 Eastern Time on Friday 30 September. We stress the times because the Early Bird promotion will be giving out cash prizes to the first 20 players who earn themselves 600 points on any given day, so choosing when to play is quite important. For readers in the UK, Eastern Time is five hours behind GMT, so it could be argued that online casino players here have an advantage when it comes to being ‘early birds’ in the Eastern Time zone.
The featured game categories in the Early Bird promotion are slots and jackpot slots (such as Marvel Hero Jackpot slots and The Godfather), and you can choose to play whatever titles you wish from those categories. The idea is that you play the games in the usual way (keeping your fingers crossed that you win yourself a jackpot, of course!) and as you do so you will earn points according to your wagering activity. If you are one of the first 20 players to earn 600 points on the day in question (a day obviously runs from 00:00 to 23:59 ET) then you will win $200!
If you are a Palladium VIP member at PartyCasino then you can participate in your own Early Bird promotion which will award cash prizes to 10 players each day. The same game categories are featured (slots and jackpot slots) but in this case you will need to be one of the first 10 players to earn 6,000 points on a given day to win a cash prize of $500.
To participate in the Early Bird promotion you should visit the PartyCasino website, navigate to the Early Bird page and Opt In. Once you have opted in you can get straight down to playing your favourite slots and jackpot slots games to try and win yourself an Early Bird cash prize even if you don’t win a fortune on the slots themselves.
With so much prize money up for grabs we think the promotion will bring out the punter in you, and may event help you get out of bed a touch earlier than usual.
New players get up to $3000 sign up bonus.
Bwin.Party Digital Entertainment is the company behind PartyCasino. They have been in business over 10 years and are listed on the London Stock Exchange.
PartyCasino has achieved numerous awards and commendations including the Media Man 'Online Casino Of The Month' award.
Check out PartyCasino today to find out more and good luck!
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War Of The Worlds Comes To Bwin.Party Digital Entertainment; War of the Worlds game - Coming This Fall!
Profiles
Bwin.Party Digital Entertainment PartyCasino.com War Of The Worlds Steven Spielberg Paramount Pictures Hollywood Movies World Casino Directory iGaming Media Man
An adventure of a lifetime is waiting for players at PartyCasino with the launch of a brand new “War of the Worlds” themed game, based on Spielberg’s 2005 Hollywood blockbuster. This five reel 100-line slot will put you right in the centre of the action for as little as 1p per line and will give you a chance to win a massive jackpot of up to £250,000!
The most attractive feature of this slot is the great bonus round that players have access to by getting three bonus symbols anywhere on the reel. Winning the round will give players a chance to win up to 500 times their total stake and, for some, could be a good reason to make “War of the Worlds” a regular stop.
From outstanding graphics to a larger-than-life bonus round, it is clear that this game was designed with absolute precision, giving the player a superb game play experience that will keep you wanting more.
New players get up to $3000 sign up bonus via Media Man.
Enter the casino wars with 'War Of The Worlds', Media Man and Casino News Media.
War of the Worlds game - Coming This Fall!
The War of the Worlds Is a dark and breathtaking new vision of the classic H.G. Wells novel, retold as a videogame, narrated by the acclaimed actor, Patrick Stewart. The game follows the exploits of an unknown everyman struggling to escape the Martian invasion of 1950s London and rescue his family. Forced to think through insurmountable odds, players will outsmart an army of alien tripods, spidersbots and drones as they make their way through a landscape of total devastation.
Gamespot says “War of the Worlds is perfectly written and spoken.”
IGN declares “War of the Worlds is out of this world.”
A WORLD APART - Massive levels and dozens of different areas rife with Martian Tripods, mechanical spiders, drones, blood-harvesting ‘red weeds’, and lethal ‘black smoke’. Humans flee in terror and players must think their way through the ultimate journey of mankind’s survival.
SURVIVING THE EXTINCTION - As a survivor of the Martian attack, voiceover from Patrick Stewart’s character tells the tale of how he survived mankind’s near-extinction event, serving both as a way of fleshing out the world around players AND as a useful hint mechanism.
AN UNIMAGINABLE ENEMY - Players must avoid the unruly Martian invaders and stay aware of their surroundings. Players should be mindful of the alien heat beams, one zap could mean the beginning of the end of humankind’s survival.
Profiles
PartyGaming PartyCasino PartyPoker PartyBingo Circus PartyCasino Marvel Slots The Big One Melon Madness Casino World Poker Tour PartyCasino Promotions
Bwin.Party Digital Entertainment PartyCasino.com War Of The Worlds Steven Spielberg Paramount Pictures Hollywood Movies World Casino Directory iGaming Media Man
An adventure of a lifetime is waiting for players at PartyCasino with the launch of a brand new “War of the Worlds” themed game, based on Spielberg’s 2005 Hollywood blockbuster. This five reel 100-line slot will put you right in the centre of the action for as little as 1p per line and will give you a chance to win a massive jackpot of up to £250,000!
The most attractive feature of this slot is the great bonus round that players have access to by getting three bonus symbols anywhere on the reel. Winning the round will give players a chance to win up to 500 times their total stake and, for some, could be a good reason to make “War of the Worlds” a regular stop.
From outstanding graphics to a larger-than-life bonus round, it is clear that this game was designed with absolute precision, giving the player a superb game play experience that will keep you wanting more.
New players get up to $3000 sign up bonus via Media Man.
Enter the casino wars with 'War Of The Worlds', Media Man and Casino News Media.
War of the Worlds game - Coming This Fall!
The War of the Worlds Is a dark and breathtaking new vision of the classic H.G. Wells novel, retold as a videogame, narrated by the acclaimed actor, Patrick Stewart. The game follows the exploits of an unknown everyman struggling to escape the Martian invasion of 1950s London and rescue his family. Forced to think through insurmountable odds, players will outsmart an army of alien tripods, spidersbots and drones as they make their way through a landscape of total devastation.
Gamespot says “War of the Worlds is perfectly written and spoken.”
IGN declares “War of the Worlds is out of this world.”
A WORLD APART - Massive levels and dozens of different areas rife with Martian Tripods, mechanical spiders, drones, blood-harvesting ‘red weeds’, and lethal ‘black smoke’. Humans flee in terror and players must think their way through the ultimate journey of mankind’s survival.
SURVIVING THE EXTINCTION - As a survivor of the Martian attack, voiceover from Patrick Stewart’s character tells the tale of how he survived mankind’s near-extinction event, serving both as a way of fleshing out the world around players AND as a useful hint mechanism.
AN UNIMAGINABLE ENEMY - Players must avoid the unruly Martian invaders and stay aware of their surroundings. Players should be mindful of the alien heat beams, one zap could mean the beginning of the end of humankind’s survival.
Profiles
PartyGaming PartyCasino PartyPoker PartyBingo Circus PartyCasino Marvel Slots The Big One Melon Madness Casino World Poker Tour PartyCasino Promotions
Sunday, September 25, 2011
Clubs back NRL-AFL pokies campaign - 25th September 2011
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The clubs industry is backing rugby league and the AFL's alliance to campaign against the federal government's poker machine reforms.
The NRL and the AFL are planning to run television advertisements against mandatory pre-commitment during Grand Final week.
Clubs Australia executive director Anthony Ball said he welcomed the decision of the two rival codes to speak out against the technology being demanded by independent MP Andrew Wilkie.
"Millions of Australians are AFL and rugby league fans," he said in a statement.
"By backing Andrew Wilkie's demand for mandatory pre-commitment, the federal government is directly attacking the ability of clubs across the country to support AFL and rugby league teams."
Mr Ball said no sporting club would escape the "massive financial hit" of the mandatory pre-commitment regime, which Mr Wilkie wants implemented by 2014.
AFL chief executive Andrew Demetriou and individual club presidents are meeting on Monday to map out campaign strategies.
New Ltd reports Mr Demetriou has held talks with Families Minister Jenny Macklin, who would have carriage of the pokies legislation, along with Sports Minister Mark Arbib and Assistant Treasurer Bill Shorten.
It added that 25 Labor MPs had threatened to vote against the plan in Caucus.
Collingwood president Eddie McGuire has described mandatory pre-commitment as a "footy tax".
Australian Council of Trade Unions (ACTU) president Ged Kearney said the government should be allowed to implement its pokies reforms.
She said although Clubs Australia was arguing there could be job losses, the harmful effects of problem gambling on peoples' lives should not be downplayed.
"I think let the reforms be implemented, monitor them closely and see what happens," she said.
"I'm sure we can help workers and businesses from an adverse impact as we go along."
Ms Kearney said the policy allowing people to set their own gambling limits was sensible.
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Gambling Gaming Sports NRL AFL Sports Australian Sports Politics Media Man
The clubs industry is backing rugby league and the AFL's alliance to campaign against the federal government's poker machine reforms.
The NRL and the AFL are planning to run television advertisements against mandatory pre-commitment during Grand Final week.
Clubs Australia executive director Anthony Ball said he welcomed the decision of the two rival codes to speak out against the technology being demanded by independent MP Andrew Wilkie.
"Millions of Australians are AFL and rugby league fans," he said in a statement.
"By backing Andrew Wilkie's demand for mandatory pre-commitment, the federal government is directly attacking the ability of clubs across the country to support AFL and rugby league teams."
Mr Ball said no sporting club would escape the "massive financial hit" of the mandatory pre-commitment regime, which Mr Wilkie wants implemented by 2014.
AFL chief executive Andrew Demetriou and individual club presidents are meeting on Monday to map out campaign strategies.
New Ltd reports Mr Demetriou has held talks with Families Minister Jenny Macklin, who would have carriage of the pokies legislation, along with Sports Minister Mark Arbib and Assistant Treasurer Bill Shorten.
It added that 25 Labor MPs had threatened to vote against the plan in Caucus.
Collingwood president Eddie McGuire has described mandatory pre-commitment as a "footy tax".
Australian Council of Trade Unions (ACTU) president Ged Kearney said the government should be allowed to implement its pokies reforms.
She said although Clubs Australia was arguing there could be job losses, the harmful effects of problem gambling on peoples' lives should not be downplayed.
"I think let the reforms be implemented, monitor them closely and see what happens," she said.
"I'm sure we can help workers and businesses from an adverse impact as we go along."
Ms Kearney said the policy allowing people to set their own gambling limits was sensible.
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Thursday, September 22, 2011
Crown Casino Online Set For UK - European Launch, by Greg Tingle - 22nd September 2011
Profiles
Crown Casino Crown Limited James Packer Aspinall’s UK World Casino Directory World Directory
G'day punters, casino whales, journos and everyone else. It's time for a super hot rumour, and most of this one has been verified by the powers that be. Media Man and Casino News Media reports...
Australia's Crown Casino brand prepares to launch online and land based casino in the United Kingdom.
Firstly, take note... there is an Interactive Gambling Act (IGA) 2001 – this pertains to online casinos and poker rooms that are unregulated in Australia and are therefore also illegal. This does not however prevent Australian gamblers from playing online!
As Crown Casino prepares for their UK launch, they are also set to have their brand Trademarked for use in the UK. The trademark was published in the UK Trade Marks Journal on 12th August 2011, and as there is already a Crown Bingo and Crown Games operating online in the UK, they have a 2-month period to raise any potential objections. Apparently the software firm tied in up the deal was notified of this application on or around the 10th August.
Crown Casino is one of the largest and most successful land based casino operators in the Southern Hemisphere; owned by parent company – Crown Limited.
The firm is owned by James Packer’s (son of the late, great, Kerry Packer).
The UK Intellectual Property Office has rubber-stamped their brand for use in three areas, these are:
Gambling and casino services – both online and off
Sponsorship of entertainment services – for example poker tournaments
Hotels
In May 2011 Crown Limited acquired Aspinall’s private gambling club in London. They also have a 50% share in Aspers land casino group.
There's currently three Aspers-branded casinos in the UK, with a fourth on its way in late 2011.
This company is also a 50% shareholder in Betfair Australasia. Also interesting to note is that Betfair Australasia CEO Andrew Twaits resigned earlier this week. Crown has significant shareholdings in USA casinos also and has helped to develop Macau’s Cotai Strip.
Something tells us that James Packer's Crown Casino is going to make worldwide headlines and enjoy massive success in the UK market as Crown Limited's Crown Casino prepares to take things to the next level.
Australia, Macau, the UK, and next the world? James Bondi, if not the late Kerry Packer, would be proud.
We can't wait to see Kerry Packer, Underbelly and Crown Casino themed online slot games. Comon JP, we think that the powers that be can make it happen, and our spies tell us that it would be a jackpot all round. Go Aussie Go, Aussie Aussie Aussie, Oi Oi Oi.
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Crown Casino Crown Limited James Packer Aspinall’s UK World Casino Directory World Directory
G'day punters, casino whales, journos and everyone else. It's time for a super hot rumour, and most of this one has been verified by the powers that be. Media Man and Casino News Media reports...
Australia's Crown Casino brand prepares to launch online and land based casino in the United Kingdom.
Firstly, take note... there is an Interactive Gambling Act (IGA) 2001 – this pertains to online casinos and poker rooms that are unregulated in Australia and are therefore also illegal. This does not however prevent Australian gamblers from playing online!
As Crown Casino prepares for their UK launch, they are also set to have their brand Trademarked for use in the UK. The trademark was published in the UK Trade Marks Journal on 12th August 2011, and as there is already a Crown Bingo and Crown Games operating online in the UK, they have a 2-month period to raise any potential objections. Apparently the software firm tied in up the deal was notified of this application on or around the 10th August.
Crown Casino is one of the largest and most successful land based casino operators in the Southern Hemisphere; owned by parent company – Crown Limited.
The firm is owned by James Packer’s (son of the late, great, Kerry Packer).
The UK Intellectual Property Office has rubber-stamped their brand for use in three areas, these are:
Gambling and casino services – both online and off
Sponsorship of entertainment services – for example poker tournaments
Hotels
In May 2011 Crown Limited acquired Aspinall’s private gambling club in London. They also have a 50% share in Aspers land casino group.
There's currently three Aspers-branded casinos in the UK, with a fourth on its way in late 2011.
This company is also a 50% shareholder in Betfair Australasia. Also interesting to note is that Betfair Australasia CEO Andrew Twaits resigned earlier this week. Crown has significant shareholdings in USA casinos also and has helped to develop Macau’s Cotai Strip.
Something tells us that James Packer's Crown Casino is going to make worldwide headlines and enjoy massive success in the UK market as Crown Limited's Crown Casino prepares to take things to the next level.
Australia, Macau, the UK, and next the world? James Bondi, if not the late Kerry Packer, would be proud.
We can't wait to see Kerry Packer, Underbelly and Crown Casino themed online slot games. Comon JP, we think that the powers that be can make it happen, and our spies tell us that it would be a jackpot all round. Go Aussie Go, Aussie Aussie Aussie, Oi Oi Oi.
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Global Gaming Directory
Wednesday, September 21, 2011
Gaming, Casino, Poker And Entertainment News: Bwin.Party, Full Tilt, Marvel Entertainment, Crown Casino, The Star, by Greg Tingle
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World Casino Directory Australian Casinos The Star Echo Entertainment Crown Limited World Casino Directory Global Gaming Directory Bwin.Party Digital Entertainment Marvel Entertainment
Bwin.party stocks skyrockets after Schleswig-Holstein online gambling approval...
Bwin.party Digital Entertainment stocks rose over 12% after German state Schleswig-Holstein passed its new online gambling legislation. As reported earlier, the new bill which narrowly passed the Schleswig-Holstein Parliament poses more competition inducing rules and friendlier tax rates.
Bwin.party shares jumped 12.2% Wednesday while Betfair, an online betting exchange company, posted a 3.2% increase. Both Bwin.party and Betfair plan to apply for licenses to operate in Schleswig-Holstein as soon as the bill is implemented in January 2012.
Schleswig-Holstein is the first to implement such online gambling legislation among 16 German states and the remaining 15 continue to pose high tax rates that prohibit healthy online gambling market in the country in general.
PartyCasino Bwin.Party Online Casino Powerhouse Gets New Games...
Party's upped the ante again by adding yet more online casino games to their portfolio. They welcome in 'The War Of The Worlds' , 'Aztec Gold' and 'Loot'En Khanum'. PartyCasino has been awarded numerous industry awards and commendations over the years including Media Man 'Online Casino Of The Month' and EGR 'Socially Responsible Operator Of The Year'. The casino offers a range of slots, table games and also offers poker via its sister website PartyPoker.com
Online gambling site busted in 'Ponzi scheme'...
International online gambling site Full Tilt Poker stole $440 million from players around the world in a Ponzi scheme used to pay lavish fees to board members, US prosecutors said Tuesday.
Full Tilt "defrauded players by misrepresenting that their funds on deposit in online gambling accounts were safe, secure, and available for withdrawal at any time," the US Attorney's office for Southern Manhattan said.
"In reality, Full Tilt Poker did not maintain funds sufficient to repay all players, and in addition, the company used player funds to pay board members and other owners more than $440 million since April 2007."
The senior prosecutor, US Attorney Preet Bharara, said the site's top figures, including famed poker champions Howard Lederer and Christopher Ferguson, "lined their own pockets with funds picked from the pockets of their most loyal customers while blithely lying to both players and the public alike about the safety and security of the money deposited with the company."
In a classic pyramid scheme, gamblers were given the impression that they still had money deposited and were allowed to keep gambling, even when all that remained were "phantom" funds, prosecutors said. The company ended up owing $390 million worldwide, including $150 million to US customers.
"Full Tilt was not a legitimate poker company, but a global Ponzi scheme," Bharara said.
Full Tilt Poker was first sued by federal authorities in April as part of a broader crackdown on online gambling, which the Justice Department says is illegal. The suit was revised and refiled Tuesday in the still developing investigation.
In the original suit, Full Tilt Poker and two other online poker companies -- PokerStars and Absolute Poker -- were charged with bank fraud, money laundering, illegal gambling and other offenses.
Bharara said the Justice Department had filed an amended complaint against Full Tilt Poker to reflect the accusation that the company was running a Ponzi scheme.
Ferguson, the poker world's equivalent of a rock star and known to aficionados as "Jesus," and Lederer were not mentioned in the original complaint against Full Tilt Poker. They are alleged to have been paid $25 million and $42 million respectively by the site.
The amended complaint seeks the forfeiture of dividends received by Ferguson, Lederer, and other directors, and money laundering penalties.
While Internet gambling has been illegal in the United States since 2006, online poker remains a multi-billion-dollar industry with companies using a variety of ways to flout the law, including locating their operations offshore.
The US ban on Internet gambling has been challenged as an unfair trade restriction at the World Trade Organization and some US lawmakers are seeking to have online gambling legalized.
Crown Casino VS The Star Land Based Casino War Continues...
Greg Fraser has an interesting and intelligent article in today's Sydney Morning Herald. James Packer's Crown Limited still has the upper hand over rival The Star in many departments. The article reads...
Crown is still the king of Australian casino businesses.
There is a high-stakes game being played out between Crown’s Melbourne and Perth casinos and Echo Entertainment Group’s newly renamed The Star Casino in Sydney.
Echo has spent $960 million on its upgrade but Crown will have spent almost $2.1 billion across its two casinos by the time everything is finished.
Crown has consistently upgraded its properties to avoid the dangerous ‘‘tired’’ tag that can easily sap patronage and earnings.
The company has always produced a nice mixture of gaming and non-gaming earnings that has become the norm for all casino resorts.
But the headlines usually focus on the glamour and mystique of the high rollers, who last year put about $40 billion on Crown’s gaming tables in Australia.
This lucrative business generated $486 million of revenue for Crown last financial year and should continue to contribute earnings growth following the latest incarnation of its private gaming suites. Read the full article here
World Casino Directory Still A Big Hit With Industry And Punters...
Media Man's World Casino Directory and Global Gaming Directory are still a big hit, according to the numbers. Check out some of the world's best online and land based casino websites here and here.
PartyCasino VS Virgin Casino "War" Continues...
Bwin.Party Digital Entertainment and Richard Branson's Virgin Enterprises Limited are still at it, with both continuing to add new slot games. Bwin.Party's PartyCasino is more established and accepts players from more countries than Virgin, while Branson's Virgin enjoys a strong brand name in hundreds of other sectors. Party consistently offers higher sign up bonuses to new players.
Billionaire Solomon Lew in ugly Crown casino carpark row...
The Herald Sun reports...Billionaire businessman Solomon Lew was allegedly involved in an ugly fight with his estranged son-in-law at Crown casino on Saturday night.
It is believed Mr Lew and Adam Priester were captured on casino security cameras clashing heatedly in Crown's VIP carpark about 9pm. But the two men have given conflicting versions of events.
Mr Priester, a businessman who is separated from Mr Lew's daughter Jacqueline, is believed to have reported the incident to police.
The Avengers hero Chris Evans praises Marvel's Stan Lee...
Chris Evans who brought Captain America to life on the big screen in this year's Joe Johnston directed Marvel Comics adaptation Captain America: The First Avenger has praised Marvel Comics creator Stan Lee, describing him as "amazing".
Lee who has brought to life so many iconic characters over the years recently filmed his cameo in next year's superhero team up The Avengers describing it as "probably the funniest line that I've had to say yet".
Speaking to MTV News Evans said "It's great. He's an amazing human being, the guy is a living legend. He's so positive and so upbeat and so energetic and just a nice man."
Lee will also appear in Marc Webb's The Amazing Spider-Man and previously said it would be his "best cameo yet".
The Avengers sees Evens star alongside Chris Hemsworth, Jeremy Renner, Scarlett Johansson, Robert Downey Jr. and Mark Ruffalo and hits cinemas on May 4 while The Amazing Spider-Man swings into cinemas in 3D on July 4.
Stan Lee talks about his cameos in The Amazing Spider-Man and The Avengers...
Appearing before a capacity crowd on Sunday at the 2011 Montreal Comic Con, Lee spoke about his cameo roles in movies based on the classic characters he co-created, such as Iron Man, X-Men, Spider-Man and Hulk.
“If you blink your eye, you might miss me”, he said, in reference to his brief on-screen appearances. Though Lee, not surprisingly, said that he did enjoy doing them, since “I get to meet all the actors.” He went on, “I just show up on the set and everybody treats me well. And I get my own trailer.” Lee was quick to point out that his cameos are “always big hits”, before jokingly adding, “I wonder if Brad Pitt looks at me and goes ‘hmmm.’”
Lee then really wowed the enthusiastic crowd when he mused, “I don’t know why DC doesn’t ask me to do cameos in their movies. Then their box office revenues would shoot up”. Pausing for audience applause, Lee then added, “Imagine how people would react if they saw me in one of those movies?”
In fact, Lee has made two appearances in DC-related documentaries. He was interviewed in the Shadows Of The Bat: The Cinematic Saga Of The Dark Knight, which appears as an extra on the Special Edition DVD and Blu-ray disc of the 1989 Batman movie. Lee was also interviewed for Kevin Burns’ 2006 documentary, Look Up In The Sky: The Amazing Story Of Superman.
Lee also mentioned his appearances in the upcoming Spider-Man reboot, and the highly anticipated Avengers movie. While he wasn’t able to reveal the details of his cameo in those films, Lee did say, “I tell you this. It is one of the funniest ones I’ve done. It’s about as funny as the one that I did in the new Spider-Man movie which hasn’t opened yet. Spider-Man and The Avengers, remember when you see ‘em, I told you that they are going to get very big laughs.”
The Avengers will arrive in UK cinemas on 27th April 2012, while The Amazing Spider-Man is due out on 4th July 2012.
Stay tuned for American and Australian dates.
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Bwin.party stocks skyrockets after Schleswig-Holstein online gambling approval...
Bwin.party Digital Entertainment stocks rose over 12% after German state Schleswig-Holstein passed its new online gambling legislation. As reported earlier, the new bill which narrowly passed the Schleswig-Holstein Parliament poses more competition inducing rules and friendlier tax rates.
Bwin.party shares jumped 12.2% Wednesday while Betfair, an online betting exchange company, posted a 3.2% increase. Both Bwin.party and Betfair plan to apply for licenses to operate in Schleswig-Holstein as soon as the bill is implemented in January 2012.
Schleswig-Holstein is the first to implement such online gambling legislation among 16 German states and the remaining 15 continue to pose high tax rates that prohibit healthy online gambling market in the country in general.
PartyCasino Bwin.Party Online Casino Powerhouse Gets New Games...
Party's upped the ante again by adding yet more online casino games to their portfolio. They welcome in 'The War Of The Worlds' , 'Aztec Gold' and 'Loot'En Khanum'. PartyCasino has been awarded numerous industry awards and commendations over the years including Media Man 'Online Casino Of The Month' and EGR 'Socially Responsible Operator Of The Year'. The casino offers a range of slots, table games and also offers poker via its sister website PartyPoker.com
Online gambling site busted in 'Ponzi scheme'...
International online gambling site Full Tilt Poker stole $440 million from players around the world in a Ponzi scheme used to pay lavish fees to board members, US prosecutors said Tuesday.
Full Tilt "defrauded players by misrepresenting that their funds on deposit in online gambling accounts were safe, secure, and available for withdrawal at any time," the US Attorney's office for Southern Manhattan said.
"In reality, Full Tilt Poker did not maintain funds sufficient to repay all players, and in addition, the company used player funds to pay board members and other owners more than $440 million since April 2007."
The senior prosecutor, US Attorney Preet Bharara, said the site's top figures, including famed poker champions Howard Lederer and Christopher Ferguson, "lined their own pockets with funds picked from the pockets of their most loyal customers while blithely lying to both players and the public alike about the safety and security of the money deposited with the company."
In a classic pyramid scheme, gamblers were given the impression that they still had money deposited and were allowed to keep gambling, even when all that remained were "phantom" funds, prosecutors said. The company ended up owing $390 million worldwide, including $150 million to US customers.
"Full Tilt was not a legitimate poker company, but a global Ponzi scheme," Bharara said.
Full Tilt Poker was first sued by federal authorities in April as part of a broader crackdown on online gambling, which the Justice Department says is illegal. The suit was revised and refiled Tuesday in the still developing investigation.
In the original suit, Full Tilt Poker and two other online poker companies -- PokerStars and Absolute Poker -- were charged with bank fraud, money laundering, illegal gambling and other offenses.
Bharara said the Justice Department had filed an amended complaint against Full Tilt Poker to reflect the accusation that the company was running a Ponzi scheme.
Ferguson, the poker world's equivalent of a rock star and known to aficionados as "Jesus," and Lederer were not mentioned in the original complaint against Full Tilt Poker. They are alleged to have been paid $25 million and $42 million respectively by the site.
The amended complaint seeks the forfeiture of dividends received by Ferguson, Lederer, and other directors, and money laundering penalties.
While Internet gambling has been illegal in the United States since 2006, online poker remains a multi-billion-dollar industry with companies using a variety of ways to flout the law, including locating their operations offshore.
The US ban on Internet gambling has been challenged as an unfair trade restriction at the World Trade Organization and some US lawmakers are seeking to have online gambling legalized.
Crown Casino VS The Star Land Based Casino War Continues...
Greg Fraser has an interesting and intelligent article in today's Sydney Morning Herald. James Packer's Crown Limited still has the upper hand over rival The Star in many departments. The article reads...
Crown is still the king of Australian casino businesses.
There is a high-stakes game being played out between Crown’s Melbourne and Perth casinos and Echo Entertainment Group’s newly renamed The Star Casino in Sydney.
Echo has spent $960 million on its upgrade but Crown will have spent almost $2.1 billion across its two casinos by the time everything is finished.
Crown has consistently upgraded its properties to avoid the dangerous ‘‘tired’’ tag that can easily sap patronage and earnings.
The company has always produced a nice mixture of gaming and non-gaming earnings that has become the norm for all casino resorts.
But the headlines usually focus on the glamour and mystique of the high rollers, who last year put about $40 billion on Crown’s gaming tables in Australia.
This lucrative business generated $486 million of revenue for Crown last financial year and should continue to contribute earnings growth following the latest incarnation of its private gaming suites. Read the full article here
World Casino Directory Still A Big Hit With Industry And Punters...
Media Man's World Casino Directory and Global Gaming Directory are still a big hit, according to the numbers. Check out some of the world's best online and land based casino websites here and here.
PartyCasino VS Virgin Casino "War" Continues...
Bwin.Party Digital Entertainment and Richard Branson's Virgin Enterprises Limited are still at it, with both continuing to add new slot games. Bwin.Party's PartyCasino is more established and accepts players from more countries than Virgin, while Branson's Virgin enjoys a strong brand name in hundreds of other sectors. Party consistently offers higher sign up bonuses to new players.
Billionaire Solomon Lew in ugly Crown casino carpark row...
The Herald Sun reports...Billionaire businessman Solomon Lew was allegedly involved in an ugly fight with his estranged son-in-law at Crown casino on Saturday night.
It is believed Mr Lew and Adam Priester were captured on casino security cameras clashing heatedly in Crown's VIP carpark about 9pm. But the two men have given conflicting versions of events.
Mr Priester, a businessman who is separated from Mr Lew's daughter Jacqueline, is believed to have reported the incident to police.
The Avengers hero Chris Evans praises Marvel's Stan Lee...
Chris Evans who brought Captain America to life on the big screen in this year's Joe Johnston directed Marvel Comics adaptation Captain America: The First Avenger has praised Marvel Comics creator Stan Lee, describing him as "amazing".
Lee who has brought to life so many iconic characters over the years recently filmed his cameo in next year's superhero team up The Avengers describing it as "probably the funniest line that I've had to say yet".
Speaking to MTV News Evans said "It's great. He's an amazing human being, the guy is a living legend. He's so positive and so upbeat and so energetic and just a nice man."
Lee will also appear in Marc Webb's The Amazing Spider-Man and previously said it would be his "best cameo yet".
The Avengers sees Evens star alongside Chris Hemsworth, Jeremy Renner, Scarlett Johansson, Robert Downey Jr. and Mark Ruffalo and hits cinemas on May 4 while The Amazing Spider-Man swings into cinemas in 3D on July 4.
Stan Lee talks about his cameos in The Amazing Spider-Man and The Avengers...
Appearing before a capacity crowd on Sunday at the 2011 Montreal Comic Con, Lee spoke about his cameo roles in movies based on the classic characters he co-created, such as Iron Man, X-Men, Spider-Man and Hulk.
“If you blink your eye, you might miss me”, he said, in reference to his brief on-screen appearances. Though Lee, not surprisingly, said that he did enjoy doing them, since “I get to meet all the actors.” He went on, “I just show up on the set and everybody treats me well. And I get my own trailer.” Lee was quick to point out that his cameos are “always big hits”, before jokingly adding, “I wonder if Brad Pitt looks at me and goes ‘hmmm.’”
Lee then really wowed the enthusiastic crowd when he mused, “I don’t know why DC doesn’t ask me to do cameos in their movies. Then their box office revenues would shoot up”. Pausing for audience applause, Lee then added, “Imagine how people would react if they saw me in one of those movies?”
In fact, Lee has made two appearances in DC-related documentaries. He was interviewed in the Shadows Of The Bat: The Cinematic Saga Of The Dark Knight, which appears as an extra on the Special Edition DVD and Blu-ray disc of the 1989 Batman movie. Lee was also interviewed for Kevin Burns’ 2006 documentary, Look Up In The Sky: The Amazing Story Of Superman.
Lee also mentioned his appearances in the upcoming Spider-Man reboot, and the highly anticipated Avengers movie. While he wasn’t able to reveal the details of his cameo in those films, Lee did say, “I tell you this. It is one of the funniest ones I’ve done. It’s about as funny as the one that I did in the new Spider-Man movie which hasn’t opened yet. Spider-Man and The Avengers, remember when you see ‘em, I told you that they are going to get very big laughs.”
The Avengers will arrive in UK cinemas on 27th April 2012, while The Amazing Spider-Man is due out on 4th July 2012.
Stay tuned for American and Australian dates.
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Friday, September 16, 2011
FTSE 250 Movers: Bwin.Party Digital Entertainment rises after ruling - 14th September 2011
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LONDON - Bwin.party Digital Entertainment got a welcome boost after the German state of Schleswig-Holstein passed a new rule which enables companies to operate sports-betting websites in the area.
The new law was narrowly passed 46 to 45 in a move which sees the region break away from the country's 15 other states on the ruling of online betting.
Bus and train firm FirstGroup lost some ground on news its finance director, Jeff Carr, is going Dutch, heading off to be chief financial officer at Netherlands-based retailer Royal Ahold.
Carr will be on his bike on 11 November, at which point Nick Chevis, who has held a number of senior finance posts at FirstGroup, will take over as acting finance director until a permanent appointment is made.
FTSE 250 - Risers
Bwin.party Digital Entertainment (BPTY) 123.40p +8.25%
Debenhams (DEB) 56.60p +7.91%
Inchcape (INCH) 289.90p +6.93%
Thomas Cook Group (TCG) 36.15p +6.79%
Imagination Technologies Group (IMG) 378.10p +4.85%
Carpetright (CPR) 525.50p +3.96%
easyJet (EZJ) 323.50p +3.92%
Howden Joinery Group (HWDN) 102.50p +3.90%
Taylor Wimpey (TW.) 30.95p +3.69%
Lamprell (LAM) 277.60p +3.62%
FTSE 250 - Fallers
Kesa Electricals (KESA) 88.95p -5.12%
Hansteen Holdings (HSTN) 74.25p -3.51%
F&C Asset Management (FCAM) 64.95p -2.55%
Devro (DVO) 234.40p -2.50%
Rathbone Brothers (RAT) 1,038.00p -2.44%
Afren (AFR) 103.30p -2.27%
Savills (SVS) 290.80p -1.76%
International Public Partnerships Ltd. (INPP) 114.00p -1.64%
Phoenix Group Holdings (DI) (PHNX) 511.50p -1.54%
FirstGroup (FGP) 341.90p -1.27%
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LONDON - Bwin.party Digital Entertainment got a welcome boost after the German state of Schleswig-Holstein passed a new rule which enables companies to operate sports-betting websites in the area.
The new law was narrowly passed 46 to 45 in a move which sees the region break away from the country's 15 other states on the ruling of online betting.
Bus and train firm FirstGroup lost some ground on news its finance director, Jeff Carr, is going Dutch, heading off to be chief financial officer at Netherlands-based retailer Royal Ahold.
Carr will be on his bike on 11 November, at which point Nick Chevis, who has held a number of senior finance posts at FirstGroup, will take over as acting finance director until a permanent appointment is made.
FTSE 250 - Risers
Bwin.party Digital Entertainment (BPTY) 123.40p +8.25%
Debenhams (DEB) 56.60p +7.91%
Inchcape (INCH) 289.90p +6.93%
Thomas Cook Group (TCG) 36.15p +6.79%
Imagination Technologies Group (IMG) 378.10p +4.85%
Carpetright (CPR) 525.50p +3.96%
easyJet (EZJ) 323.50p +3.92%
Howden Joinery Group (HWDN) 102.50p +3.90%
Taylor Wimpey (TW.) 30.95p +3.69%
Lamprell (LAM) 277.60p +3.62%
FTSE 250 - Fallers
Kesa Electricals (KESA) 88.95p -5.12%
Hansteen Holdings (HSTN) 74.25p -3.51%
F&C Asset Management (FCAM) 64.95p -2.55%
Devro (DVO) 234.40p -2.50%
Rathbone Brothers (RAT) 1,038.00p -2.44%
Afren (AFR) 103.30p -2.27%
Savills (SVS) 290.80p -1.76%
International Public Partnerships Ltd. (INPP) 114.00p -1.64%
Phoenix Group Holdings (DI) (PHNX) 511.50p -1.54%
FirstGroup (FGP) 341.90p -1.27%
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Wednesday, September 14, 2011
PartyCasino Wins Media Man 'Online Casino Of The Month' Award
PartyCasino.com has been awarded the Media Man and Casino News Media "Online Casino Of The Month".
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PartyCasino.com Bwin.Party Digital Entertainment PartyPoker.com Sin City Sinatra Slot PartyPoints Palladium Slot Live Dealer
Bwin.Party Digital Entertainment's igaming suite has grown a custom to winning awards since they first opened for business in 1997.
The competition to knock off PartyCasino.com for the coveted award was intense again this month with massive bids from both WPT Casino, Captain Cooks Casino, Virgin Casino, Betfair, PKR and Noble Casino however there can only be one winner... ladies and gentlemen, that's PartyCasino.com
The award follows PartyPoker's EGR Poker Operator Of The Year and PartyGaming also made the shortlist for EGR Operator Of The Year. Recently Bwin.Party Digital Entertainment's PartyPoker.com also won the Casino News Media "Online Poker Website Of The Month".
The Media Man - Casino News Media accolade is based on a combination of elements including user experience, innovation, trustworthiness, customer service, gameplay, affiliate program offerings, newsworthiness and company values.
PartyCasino.com is one of a number of Bwin.Party Digital Entertainment brands.
The most popular PartyCasino.com games of late include Frank Miller's Sin City, The Sting, Heist, Circus, Rambo, Palladium Slot, The Godfather, Sinatra, Slotbox, Call Of Duty 4: Modern Warfare, Mission: Impossible, The Terminator, Cleopatra, Sinatra, Thor, The Incredible Hulk, The Amazing Spider-Man, Monopoly, Resident Evil, Melon Madness, Wheel Of Fortune and Mega Fortune Wheel.
The PartyCasino.com jackpot is currently approaching the $4 million mark. Players can also compete for The Big One and Marvel Hero Jackpot, playing the Marvel super hero themed online slot games.
PartyCasino's most recent game releases include Frank Miller's Sin City, The Sting, Enchanted Unicorn, Shaaark! SuperBet, Crocodopolis, Alice's Wonderland, Glamour Puss, Super Cubes, Heist, Palladium Slot and Circus Slot.
Bwin.Party Digital Entertainment Co-CEO Jim Ryan has gone on record advising PartyCasino will soon feature more Hollywood blockbuster themed slots. A few in the know journalists and media agents have been recently tipped off that an all time classic movie adaption will be showcased in the PartyCasino portfolio within 1 month. PartyCasino has the world's most impressive line up of Hollywood themed games, and more are just around the corner.
PartyCasino.com and PartyPoker.com customers can also benefit from rewards and bonuses via PartyPoints and the Palladium Lounge. Be certain to check out the PartyCasino exclusive "Cash Machine" that is being championed as one of the greatest online casino promos ever.
Media Man, Casino News Media and Global Gaming Directory do have a b2b relationship with Bwin.Party Digital Entertainment, as they do with dozens of other companies in the gaming, igaming, media and entertainment industry.
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PartyGaming PartyCasino PartyPoker PartyBingo Circus PartyCasino Marvel Slots The Big One Melon Madness Casino World Poker Tour PartyCasino Promotions
Profiles
PartyCasino.com Bwin.Party Digital Entertainment PartyPoker.com Sin City Sinatra Slot PartyPoints Palladium Slot Live Dealer
Bwin.Party Digital Entertainment's igaming suite has grown a custom to winning awards since they first opened for business in 1997.
The competition to knock off PartyCasino.com for the coveted award was intense again this month with massive bids from both WPT Casino, Captain Cooks Casino, Virgin Casino, Betfair, PKR and Noble Casino however there can only be one winner... ladies and gentlemen, that's PartyCasino.com
The award follows PartyPoker's EGR Poker Operator Of The Year and PartyGaming also made the shortlist for EGR Operator Of The Year. Recently Bwin.Party Digital Entertainment's PartyPoker.com also won the Casino News Media "Online Poker Website Of The Month".
The Media Man - Casino News Media accolade is based on a combination of elements including user experience, innovation, trustworthiness, customer service, gameplay, affiliate program offerings, newsworthiness and company values.
PartyCasino.com is one of a number of Bwin.Party Digital Entertainment brands.
The most popular PartyCasino.com games of late include Frank Miller's Sin City, The Sting, Heist, Circus, Rambo, Palladium Slot, The Godfather, Sinatra, Slotbox, Call Of Duty 4: Modern Warfare, Mission: Impossible, The Terminator, Cleopatra, Sinatra, Thor, The Incredible Hulk, The Amazing Spider-Man, Monopoly, Resident Evil, Melon Madness, Wheel Of Fortune and Mega Fortune Wheel.
The PartyCasino.com jackpot is currently approaching the $4 million mark. Players can also compete for The Big One and Marvel Hero Jackpot, playing the Marvel super hero themed online slot games.
PartyCasino's most recent game releases include Frank Miller's Sin City, The Sting, Enchanted Unicorn, Shaaark! SuperBet, Crocodopolis, Alice's Wonderland, Glamour Puss, Super Cubes, Heist, Palladium Slot and Circus Slot.
Bwin.Party Digital Entertainment Co-CEO Jim Ryan has gone on record advising PartyCasino will soon feature more Hollywood blockbuster themed slots. A few in the know journalists and media agents have been recently tipped off that an all time classic movie adaption will be showcased in the PartyCasino portfolio within 1 month. PartyCasino has the world's most impressive line up of Hollywood themed games, and more are just around the corner.
PartyCasino.com and PartyPoker.com customers can also benefit from rewards and bonuses via PartyPoints and the Palladium Lounge. Be certain to check out the PartyCasino exclusive "Cash Machine" that is being championed as one of the greatest online casino promos ever.
Media Man, Casino News Media and Global Gaming Directory do have a b2b relationship with Bwin.Party Digital Entertainment, as they do with dozens of other companies in the gaming, igaming, media and entertainment industry.
Websites
PartyCasino.com
PartyPoker.com
Profiles
PartyGaming PartyCasino PartyPoker PartyBingo Circus PartyCasino Marvel Slots The Big One Melon Madness Casino World Poker Tour PartyCasino Promotions
Monday, September 12, 2011
Sunday, September 11, 2011
Casino News Media: Australia, Asia Pacific, American; Sports Betting And More, by Greg Tingle
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Casinos Casino Games iGaming Politics Sports Sports Betting Australia World Directory Bwin.Party Digital Entertainment Crown Casino Media Man
Sin City Cleopatra Rambo The Godfather Sinatra The Terminator Thor Saturday Night Fever Unicorn Legend Palladium Slot
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Sport bosses want veto on spot betting...
Australia's seven major sports want to be able to veto types of spot betting, with Federal Sports Minister Mark Arbib on board and urging his state counterparts to follow suit.
The state sports ministers will meet on the Gold Coast on Friday to consider a proposal which would greatly increase the criminal penalties for corruption in sport.
The NRL, AFL and Cricket Australia are among those to push for the power to ban spot betting, while they have also joined calls for 10-year jail sentences for gambling-related corruption.
Spot betting, where gamblers place wagers on sometimes relatively incidental elements of games such as no-balls in cricket or corner kicks in soccer, is considered the area of sports gambling most susceptible to corruption.
The problem was highlighted by the scandal involving three Pakistani cricketers on last year's tour of England.
Mr Arbib says it is vital there is a national approach to what is a growing problem in sport.
"There must be national consistent laws in relation to criminality; that is something I am urging all states to sign up to at the state sports ministers conference on Friday," he said.
"We must have in place integrity agreements between sports and the betting agencies."
Sports gambling in Australia, worth $2.8 billion in 2008, is a major growth industry, although there have been relatively few cases of corruption to date.
"Even the perception that something could be wrong is enough to undermine a sport's public credibility," Cricket Australia chief James Sutherland said.
The veto proposal was contained in an Anti-Corruption Working Paper endorsed on Wednesday by the Coalition of Major Professional and Participation Sports (COMPPS), which represents rugby (union and league), cricket, AFL, soccer, tennis and netball.
The paper, brought together by former International Cricket Council (ICC) chief Malcolm Speed, had three main proposals.
These included calls for severe penalties for the offence of "cheating in connection with sports wagering" and a requirement that betting providers hand over details of suspicious betting patterns.
The sports also want betting companies to pay a fee for using their "intellectual property rights".
"The recommendations detailed in the working party paper set out to preserve the integrity of Australian sport and stem from a desire from professional sports to stamp out betting related corruption," Sutherland said.
"They are individual and collective actions designed to minimise opportunities for corruption and arm sports governing bodies with the ability to deal with corruption effectively if and when it affects Australian sport."
Gambling is becoming increasingly linked with Australian sport as TV broadcasts exhort viewers to bet on events and odds are displayed on perimeter advertising.
Some of the bodies represented by COMPPS also generate revenue from gambling through sponsorship by betting companies.
"The answer that the sports give to that, and I think it's a good one, is that one of the key aspects is intelligence - to get an early warning," Speed said back in March.
"The best way of doing that is for the betting agencies and the sports to be on the same page so that if there are suspicious betting patterns, they can report that to the sports and the police.
"So it's good they have a close relationship. Whether it needs to be as close as it is, in terms of sponsorship, I think that's the issue they face."
International Gaming Awards 2012 Announced...
International Gaming Awards (IGA) seeks to reward excellence in all areas of the gaming industry. It covers both land casino operations and online gambling operations. IGA has held four successful awards ceremonies and has just announced the dates for the fifth consecutive one. The prestigious event will take place on January 23 2012 at the Sheraton Park Lane Hotel in London. The extravagant event will unite industry professionals from all around the world. The delegates use the awards ceremony to build their brands and also their networks within the industry.
Nominations have been invited for the various categories of awards and will close on October 18 2011. The nominees will be assessed by an expert panel of judges. The categories related to online gambling will be of greater interest. The iGaming Software Supplier category will look at features like originality, competitiveness and innovation in supplying software to online gaming operators. Playtech won the award in 2011. The Mobile Operator of the Year award will recognize simplicity of use, access, reliable technology and integration with other platforms. This is a new category introduced because of the high growth in the mobile sector. Support for responsible gambling is in the limelight and the IGA will felicitate the Socially Responsible Operator of the Year Online. The judges will look for efforts in implementing procedures and safeguards for customers, availability of problem gambling assistance by customer support and initiatives in campaigning for socially responsible gaming.
The Online Casino Operator of the Year award will be one of the most awaited for online casino players. The award will go to the online casino operator that has shown innovation and invention in the casino sector during 2011. The judges will also look at brand identity, marketing, payment processing, usability and games offered. Last year PartyGaming received the award in this category. Awards on similar lines will be given to the Online Bingo Operator of the Year, the Online Poker Operator of the Year and the Online Sportsbook Operator of the Year. Online slots are the heart of online gambling. The winner in the category Slots Operator of the Year (Online) will be a slots operator that has shown growth, offers an array of different slots games to players and has created a brand identity in this sector.
IGA has a tradition of charity as well. It uses the awards ceremonies to raise awareness and financial assistance towards its chosen charities. Proceeds from the 2012 event will support Care International and Children with Leukemia. In a special initiative this year IGA has tied up with the European Gaming and Betting Association (EGBA) for aid to the Horn of Africa crisis.
Council wants more say on pokies...
The Bendigo council is calling for local government to be given a bigger say on poker machine developments.
The Victorian Commission for Gambling Regulation has approved a bid for the Bendigo Stadium to install 30 additional machines, despite the council's opposition.
Bendigo Mayor Rod Fyffe says he is disappointed by the decision and says the council will consider an appeal to the Victorian Civil and Administrative Tribunal.
"Local government should have a greater say in the fact that we represent the community, we speak on behalf of the community and certainly I think that our voice should be heard," he said.
Crown Casino resolves taxi dispute...
Crown Casino says it has resolved a complaint by taxi drivers who held a snap strike outside the Melbourne complex overnight.
About 100 drivers refused to take passengers leaving the casino after police issued a number of fines for parking in a no-standing zone.
The taxi drivers say they was not enough space to legally park while they waited for a fare.
Crown spokesman Gary O'Neill says the main taxi feeder at the complex will be fully operational from tonight.
"We will increase the resources of that taxi feeder rank but also ensure that all of the taxi drivers themselves know how the feeder system operates," he said.
"You know, you've got new generations of taxi drivers coming in all the time and maybe they don't fully understand how the feeder rank system works."
Wilkie accuses clubs of bullying Salvos...
Federal independent MP Andrew Wilkie has accused some sections of the poker machine industry of bullying the Salvation Army into opposing his gambling reforms.
On Thursday the Salvation Army's eastern territory of NSW, Queensland and the ACT said it wanted further trials of pre-commitment technologies before fully endorsing the mandatory pre-commitment legislation.
Mr Wilkie says he has been told some clubs are denying Salvation Army officers access to their venues for fundraising.
"Today Clubs Australia and Clubs NSW have truly plumbed new depths," he said.
"To be bullying the Salvation Army, threatening the Salvation Army, misrepresenting the views of the Salvation Army of all organisations, an iconic organisation in this country."
The Salvation Army says when the reforms were announced, some individual committee members at local clubs had told the charity it was no longer welcome to raise funds on their premises.
"Some people said, 'We don't agree and the Salvation Army shouldn't be coming here if it's not in support of the clubs,'" Salvation Army spokesman Major Paul Moulds said, adding there had been a couple of incidents in NSW clubs.
"It was like, 'If you're going to ruin our business, you're not welcome to come here'."
But Major Moulds says the charity's current position on the reforms is not because of pressure from Clubs NSW.
Great work
A Club Australia spokesman says community clubs have continued to support the Salvation Army's great work with donations and access to premises for fundraising, despite its stance on pokies reform.
He says NSW community clubs donated $503,000 to the Salvation Army in the past financial year.
Mr Wilkie has rejected Opposition claims the reforms do not have enough support to pass Parliament.
Opposition Leader Tony Abbott says a lack of support from regional independent MPs means the changes would not become law and should be abandoned.
However, Mr Wilkie says he believes the reforms do have enough support.
"I remain as confident as ever that these harm minimisation measures will be brought in; that in fact, the Parliament will by May next year pass into law the necessary legislation to force poker machine venues throughout the country to implement these poker machines reforms," he said.
Feeling the heat
The Government must introduce the gambling reforms next year under a deal with Mr Wilkie.
Mr Wilkie says he will walk away from supporting the Government if it does not make an effort to pass the laws.
He says he knows government MPs are feeling the heat over the reforms.
"Full marks to my parliamentary colleagues who are having to go out into their electorates and sell these reforms," he said.
"It is difficult, I understand that.
"It is clear that these reforms are unpopular in some parts of the community, and the industry is capitalising on that and it is making for some tough times for some government MPs in their electorates.
"But I am confident the Government would be aware that these reforms are overwhelmingly popular."
Media Man And Casino News Media Awards
Media Man and Casino News Media have awarded their casino award winners and finalists for August 2011.
Land Based Australian Casino Of The Month: Crown Casino, 2nd The Star (formally Star City Casino), 3rd Burswood Casino, 4th The Reef Hotel Casino (Cairns)
Online Casino Of The Month: PartyCasino.com
*Online casino awards are based on a combination of gameplay, trustworthiness, ethics, customer feedback, affiliate program offerings, word of mouth, customer experience and overall offerings
*Media Man and Casino News Media have been awarding the 'Casino Of The Month' accolade for the land based and online sector since 2009.
Punters, here's 10 of the world's top land based casinos for you to mark down in your travel plans.
Monte Carlo, Monaco: Perched above the Mediterranean and bounded by the French
and Italian coastlines on either side, Monaco provides a spectacular and luxurious setting for the wealthy and the wannabees. Home to the Monaco Grand Prix and the legendary Casino de Monte Carlo, this isn't the place for those on a tight
budget. The magnificent Casino hosts the annual European Poker Tour and was also the scene of several James Bond Films, including the original "Casino Royale" and "Golden Eye".
Paradise Island, Bahamas: Located just off the shore of the city of Nassau, Paradise
Island is best known for its sprawling 'Vegas-by-the-sea' resort, Atlantis. The resort spans seven acres along a lagoon, where guests can soak up the Caribbean sun and choose from a variety of outdoor gaming areas. When in need of a break from
the tables, guests can enjoy the private beach or one of the resorts 20 sunlit pools.
Melbourne, Australia: As Australia's sporting and entertainment capital, Melbourne
offers the perfect option for high rollers looking for a local break. Aussies need look no further than Crown Casino on the southern bank of the Yarra River, which is one of the largest casino complexes in the southern hemisphere. The main gambling
floor stretches more than half a kilometre and the casino was the first to introduce the new game Rapid Roulette, which allows players to place bets on a personal electronic touch screen connected to a central roulette wheel.
Macau, China: Known as the 'Monte Carlo of the Orient,' and the gambling capital of Asia, Macau now rivals Monaco and Las Vegas as one of the premier gambling destinations in the world. With no less than 33 casinos, in addition to local horse and greyhound racing venues, Macau is perfect for the betting junkie. The Wynn Macau
casino is a standout, highlighted by 24-carat gold 'Tree of Prosperity' at the entrance, extravagant water displays and Moon Jellyfish Aquarium at reception.
Baden-Baden, Germany: Situated on the western foothills of the Black Forest and on
the banks of the Oos River, Baden-Baden is not your typical casino town. However, in addition to its hot springs and picturesque countryside, the town is also known for its 200-year-old 'Spielbank' casino - the oldest of its type in Germany. With French chateau-style salons rooms named after historical figures such as Madame Pompadour and Louis XV's mistress, the quirky casino provides visitors with a very unique
gaming experience.
Las Vegas, United States: With over 1700 licensed casinos in operation, Las Vegas
offers the ultimate package for travellers who fancy a flutter. A visit to the famous 'Strip' is a must for any player, whether they're looking for a spin on the roulette table or a game of blackjack - this city has it all. The iconic Caesar's Palace
hotel and casino offers 129,000 square feet of casino space plus an endless smorgasbord of entertainment, shopping and fine dining options, including Cleopatra's barge, a floating lounge perfect for a relaxing drink after a jam-packed night on the
casino floor.
Manila, The Philippines: With a favourable exchange rate, Manila provides great value
for Aussies wanting to live the high-life overseas. The city offers a range of shopping and entertainment options, along with a world-class casino at the Hyatt Hotel. Spread across three levels, the sparkling casino offers the newest in gaming
facilities for both hotel guests and visitors, and is just a short distance from Manila's tourist hub.
Sun City, South Africa: Known as 'Africa's Kingdom of Pleasure,' this luxury resort
and casino complex, just two hours from Johannesburg, boasts two large casinos, two 18-hole golf courses and a wildlife reserve. At the extravagant yet picturesque Palace of the Lost City, guests are treated to stunning valley views from the guestrooms, along with exclusive access to the Grand Pool. The nearby Sun City Casino is the entertainment Mecca of the resort, featuring a myriad of gaming options as well as an indoor jungle of native foliage and water fountains.
Atlantic City, United States: Regarded as the US's 'Las Vegas of the East', Atlantic City in New Jersey is renowned for its gambling, shopping and fine dining. Towering above the banks of the Atlantic Ocean, the Trump Taj Mahal casino is an icon of the city, with an on-site shopping district and an abundance of restaurants and bars. The
157,000 square-foot casino is also hard to miss, with 3,500 slot machines and 200 table games. Unveiled in 1990 by a number of celebrities, including the late Michael Jackson, the casino is the second-largest in Atlantic City and well worth a visit.
Genting Highlands, Malaysia: Nestled on the Titiwangsa mountain range, just an hour's
drive from Kuala Lumpur and 6,000 feet above sea level, the Resorts World Genting offers 360-degree views of the surrounding countryside. This spectacular resort has first-class accommodation, dining and entertainment, while avoiding the hustle and bustle of a capital city. The on-site casino, which covers 200,000 square feet, is Malaysia's sole gaming venue and is divided into separate themed areas, such as Hollywood and Monte Carlo, for the ultimate gambling experience.
Online Casinos:
PartyCasino.com : The world's leading online casino brand and part of Bwin.Party Digital Entertainment. Play for free or play for money at PartyCasino.com New players get up to $3000 sign up bonus via Media Man.
VirginCasino.com : Virgin Casino is part of Virgin Games. The parent company is Virgin Enterprises Limited, the creation of the world's most famous and celebrated entrepreneur, Sir Richard Branson. Unfortunately the casino does not accept players from many countries due to what is known in legal circles as "grey areas". Most European players can play, but no Americans, Canadians, Australians or New Zealanders.
Captain Cooks Casino : Was once a very popular online casino with Australians and New Zealanders, however we understand these days they can only accept players from a few regions such as Europe, South Africa, Canada and South America.
PKR : Once only a 2D online poker room, they are now more 3D and offer online poker and a good range of online casino games, including classics, Marvel slots and table games.
Media Man's top online casino choice: PartyCasino.com PartyCasino is a multi-time Media Man 'Online Casino Of The Month' winner and have also won awards from EGR. Earlier this year PartyGaming merged with Bwin to create the worlds leading igaming company, Bwin.Party Digital Entertainment.
PartyCasino Gets New Games...
Aztec Gold, Atomic Fruit, Nag's To Riches and Fairies Forest. Check out the new games here.
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Sport bosses want veto on spot betting...
Australia's seven major sports want to be able to veto types of spot betting, with Federal Sports Minister Mark Arbib on board and urging his state counterparts to follow suit.
The state sports ministers will meet on the Gold Coast on Friday to consider a proposal which would greatly increase the criminal penalties for corruption in sport.
The NRL, AFL and Cricket Australia are among those to push for the power to ban spot betting, while they have also joined calls for 10-year jail sentences for gambling-related corruption.
Spot betting, where gamblers place wagers on sometimes relatively incidental elements of games such as no-balls in cricket or corner kicks in soccer, is considered the area of sports gambling most susceptible to corruption.
The problem was highlighted by the scandal involving three Pakistani cricketers on last year's tour of England.
Mr Arbib says it is vital there is a national approach to what is a growing problem in sport.
"There must be national consistent laws in relation to criminality; that is something I am urging all states to sign up to at the state sports ministers conference on Friday," he said.
"We must have in place integrity agreements between sports and the betting agencies."
Sports gambling in Australia, worth $2.8 billion in 2008, is a major growth industry, although there have been relatively few cases of corruption to date.
"Even the perception that something could be wrong is enough to undermine a sport's public credibility," Cricket Australia chief James Sutherland said.
The veto proposal was contained in an Anti-Corruption Working Paper endorsed on Wednesday by the Coalition of Major Professional and Participation Sports (COMPPS), which represents rugby (union and league), cricket, AFL, soccer, tennis and netball.
The paper, brought together by former International Cricket Council (ICC) chief Malcolm Speed, had three main proposals.
These included calls for severe penalties for the offence of "cheating in connection with sports wagering" and a requirement that betting providers hand over details of suspicious betting patterns.
The sports also want betting companies to pay a fee for using their "intellectual property rights".
"The recommendations detailed in the working party paper set out to preserve the integrity of Australian sport and stem from a desire from professional sports to stamp out betting related corruption," Sutherland said.
"They are individual and collective actions designed to minimise opportunities for corruption and arm sports governing bodies with the ability to deal with corruption effectively if and when it affects Australian sport."
Gambling is becoming increasingly linked with Australian sport as TV broadcasts exhort viewers to bet on events and odds are displayed on perimeter advertising.
Some of the bodies represented by COMPPS also generate revenue from gambling through sponsorship by betting companies.
"The answer that the sports give to that, and I think it's a good one, is that one of the key aspects is intelligence - to get an early warning," Speed said back in March.
"The best way of doing that is for the betting agencies and the sports to be on the same page so that if there are suspicious betting patterns, they can report that to the sports and the police.
"So it's good they have a close relationship. Whether it needs to be as close as it is, in terms of sponsorship, I think that's the issue they face."
International Gaming Awards 2012 Announced...
International Gaming Awards (IGA) seeks to reward excellence in all areas of the gaming industry. It covers both land casino operations and online gambling operations. IGA has held four successful awards ceremonies and has just announced the dates for the fifth consecutive one. The prestigious event will take place on January 23 2012 at the Sheraton Park Lane Hotel in London. The extravagant event will unite industry professionals from all around the world. The delegates use the awards ceremony to build their brands and also their networks within the industry.
Nominations have been invited for the various categories of awards and will close on October 18 2011. The nominees will be assessed by an expert panel of judges. The categories related to online gambling will be of greater interest. The iGaming Software Supplier category will look at features like originality, competitiveness and innovation in supplying software to online gaming operators. Playtech won the award in 2011. The Mobile Operator of the Year award will recognize simplicity of use, access, reliable technology and integration with other platforms. This is a new category introduced because of the high growth in the mobile sector. Support for responsible gambling is in the limelight and the IGA will felicitate the Socially Responsible Operator of the Year Online. The judges will look for efforts in implementing procedures and safeguards for customers, availability of problem gambling assistance by customer support and initiatives in campaigning for socially responsible gaming.
The Online Casino Operator of the Year award will be one of the most awaited for online casino players. The award will go to the online casino operator that has shown innovation and invention in the casino sector during 2011. The judges will also look at brand identity, marketing, payment processing, usability and games offered. Last year PartyGaming received the award in this category. Awards on similar lines will be given to the Online Bingo Operator of the Year, the Online Poker Operator of the Year and the Online Sportsbook Operator of the Year. Online slots are the heart of online gambling. The winner in the category Slots Operator of the Year (Online) will be a slots operator that has shown growth, offers an array of different slots games to players and has created a brand identity in this sector.
IGA has a tradition of charity as well. It uses the awards ceremonies to raise awareness and financial assistance towards its chosen charities. Proceeds from the 2012 event will support Care International and Children with Leukemia. In a special initiative this year IGA has tied up with the European Gaming and Betting Association (EGBA) for aid to the Horn of Africa crisis.
Council wants more say on pokies...
The Bendigo council is calling for local government to be given a bigger say on poker machine developments.
The Victorian Commission for Gambling Regulation has approved a bid for the Bendigo Stadium to install 30 additional machines, despite the council's opposition.
Bendigo Mayor Rod Fyffe says he is disappointed by the decision and says the council will consider an appeal to the Victorian Civil and Administrative Tribunal.
"Local government should have a greater say in the fact that we represent the community, we speak on behalf of the community and certainly I think that our voice should be heard," he said.
Crown Casino resolves taxi dispute...
Crown Casino says it has resolved a complaint by taxi drivers who held a snap strike outside the Melbourne complex overnight.
About 100 drivers refused to take passengers leaving the casino after police issued a number of fines for parking in a no-standing zone.
The taxi drivers say they was not enough space to legally park while they waited for a fare.
Crown spokesman Gary O'Neill says the main taxi feeder at the complex will be fully operational from tonight.
"We will increase the resources of that taxi feeder rank but also ensure that all of the taxi drivers themselves know how the feeder system operates," he said.
"You know, you've got new generations of taxi drivers coming in all the time and maybe they don't fully understand how the feeder rank system works."
Wilkie accuses clubs of bullying Salvos...
Federal independent MP Andrew Wilkie has accused some sections of the poker machine industry of bullying the Salvation Army into opposing his gambling reforms.
On Thursday the Salvation Army's eastern territory of NSW, Queensland and the ACT said it wanted further trials of pre-commitment technologies before fully endorsing the mandatory pre-commitment legislation.
Mr Wilkie says he has been told some clubs are denying Salvation Army officers access to their venues for fundraising.
"Today Clubs Australia and Clubs NSW have truly plumbed new depths," he said.
"To be bullying the Salvation Army, threatening the Salvation Army, misrepresenting the views of the Salvation Army of all organisations, an iconic organisation in this country."
The Salvation Army says when the reforms were announced, some individual committee members at local clubs had told the charity it was no longer welcome to raise funds on their premises.
"Some people said, 'We don't agree and the Salvation Army shouldn't be coming here if it's not in support of the clubs,'" Salvation Army spokesman Major Paul Moulds said, adding there had been a couple of incidents in NSW clubs.
"It was like, 'If you're going to ruin our business, you're not welcome to come here'."
But Major Moulds says the charity's current position on the reforms is not because of pressure from Clubs NSW.
Great work
A Club Australia spokesman says community clubs have continued to support the Salvation Army's great work with donations and access to premises for fundraising, despite its stance on pokies reform.
He says NSW community clubs donated $503,000 to the Salvation Army in the past financial year.
Mr Wilkie has rejected Opposition claims the reforms do not have enough support to pass Parliament.
Opposition Leader Tony Abbott says a lack of support from regional independent MPs means the changes would not become law and should be abandoned.
However, Mr Wilkie says he believes the reforms do have enough support.
"I remain as confident as ever that these harm minimisation measures will be brought in; that in fact, the Parliament will by May next year pass into law the necessary legislation to force poker machine venues throughout the country to implement these poker machines reforms," he said.
Feeling the heat
The Government must introduce the gambling reforms next year under a deal with Mr Wilkie.
Mr Wilkie says he will walk away from supporting the Government if it does not make an effort to pass the laws.
He says he knows government MPs are feeling the heat over the reforms.
"Full marks to my parliamentary colleagues who are having to go out into their electorates and sell these reforms," he said.
"It is difficult, I understand that.
"It is clear that these reforms are unpopular in some parts of the community, and the industry is capitalising on that and it is making for some tough times for some government MPs in their electorates.
"But I am confident the Government would be aware that these reforms are overwhelmingly popular."
Media Man And Casino News Media Awards
Media Man and Casino News Media have awarded their casino award winners and finalists for August 2011.
Land Based Australian Casino Of The Month: Crown Casino, 2nd The Star (formally Star City Casino), 3rd Burswood Casino, 4th The Reef Hotel Casino (Cairns)
Online Casino Of The Month: PartyCasino.com
*Online casino awards are based on a combination of gameplay, trustworthiness, ethics, customer feedback, affiliate program offerings, word of mouth, customer experience and overall offerings
*Media Man and Casino News Media have been awarding the 'Casino Of The Month' accolade for the land based and online sector since 2009.
Punters, here's 10 of the world's top land based casinos for you to mark down in your travel plans.
Monte Carlo, Monaco: Perched above the Mediterranean and bounded by the French
and Italian coastlines on either side, Monaco provides a spectacular and luxurious setting for the wealthy and the wannabees. Home to the Monaco Grand Prix and the legendary Casino de Monte Carlo, this isn't the place for those on a tight
budget. The magnificent Casino hosts the annual European Poker Tour and was also the scene of several James Bond Films, including the original "Casino Royale" and "Golden Eye".
Paradise Island, Bahamas: Located just off the shore of the city of Nassau, Paradise
Island is best known for its sprawling 'Vegas-by-the-sea' resort, Atlantis. The resort spans seven acres along a lagoon, where guests can soak up the Caribbean sun and choose from a variety of outdoor gaming areas. When in need of a break from
the tables, guests can enjoy the private beach or one of the resorts 20 sunlit pools.
Melbourne, Australia: As Australia's sporting and entertainment capital, Melbourne
offers the perfect option for high rollers looking for a local break. Aussies need look no further than Crown Casino on the southern bank of the Yarra River, which is one of the largest casino complexes in the southern hemisphere. The main gambling
floor stretches more than half a kilometre and the casino was the first to introduce the new game Rapid Roulette, which allows players to place bets on a personal electronic touch screen connected to a central roulette wheel.
Macau, China: Known as the 'Monte Carlo of the Orient,' and the gambling capital of Asia, Macau now rivals Monaco and Las Vegas as one of the premier gambling destinations in the world. With no less than 33 casinos, in addition to local horse and greyhound racing venues, Macau is perfect for the betting junkie. The Wynn Macau
casino is a standout, highlighted by 24-carat gold 'Tree of Prosperity' at the entrance, extravagant water displays and Moon Jellyfish Aquarium at reception.
Baden-Baden, Germany: Situated on the western foothills of the Black Forest and on
the banks of the Oos River, Baden-Baden is not your typical casino town. However, in addition to its hot springs and picturesque countryside, the town is also known for its 200-year-old 'Spielbank' casino - the oldest of its type in Germany. With French chateau-style salons rooms named after historical figures such as Madame Pompadour and Louis XV's mistress, the quirky casino provides visitors with a very unique
gaming experience.
Las Vegas, United States: With over 1700 licensed casinos in operation, Las Vegas
offers the ultimate package for travellers who fancy a flutter. A visit to the famous 'Strip' is a must for any player, whether they're looking for a spin on the roulette table or a game of blackjack - this city has it all. The iconic Caesar's Palace
hotel and casino offers 129,000 square feet of casino space plus an endless smorgasbord of entertainment, shopping and fine dining options, including Cleopatra's barge, a floating lounge perfect for a relaxing drink after a jam-packed night on the
casino floor.
Manila, The Philippines: With a favourable exchange rate, Manila provides great value
for Aussies wanting to live the high-life overseas. The city offers a range of shopping and entertainment options, along with a world-class casino at the Hyatt Hotel. Spread across three levels, the sparkling casino offers the newest in gaming
facilities for both hotel guests and visitors, and is just a short distance from Manila's tourist hub.
Sun City, South Africa: Known as 'Africa's Kingdom of Pleasure,' this luxury resort
and casino complex, just two hours from Johannesburg, boasts two large casinos, two 18-hole golf courses and a wildlife reserve. At the extravagant yet picturesque Palace of the Lost City, guests are treated to stunning valley views from the guestrooms, along with exclusive access to the Grand Pool. The nearby Sun City Casino is the entertainment Mecca of the resort, featuring a myriad of gaming options as well as an indoor jungle of native foliage and water fountains.
Atlantic City, United States: Regarded as the US's 'Las Vegas of the East', Atlantic City in New Jersey is renowned for its gambling, shopping and fine dining. Towering above the banks of the Atlantic Ocean, the Trump Taj Mahal casino is an icon of the city, with an on-site shopping district and an abundance of restaurants and bars. The
157,000 square-foot casino is also hard to miss, with 3,500 slot machines and 200 table games. Unveiled in 1990 by a number of celebrities, including the late Michael Jackson, the casino is the second-largest in Atlantic City and well worth a visit.
Genting Highlands, Malaysia: Nestled on the Titiwangsa mountain range, just an hour's
drive from Kuala Lumpur and 6,000 feet above sea level, the Resorts World Genting offers 360-degree views of the surrounding countryside. This spectacular resort has first-class accommodation, dining and entertainment, while avoiding the hustle and bustle of a capital city. The on-site casino, which covers 200,000 square feet, is Malaysia's sole gaming venue and is divided into separate themed areas, such as Hollywood and Monte Carlo, for the ultimate gambling experience.
Online Casinos:
PartyCasino.com : The world's leading online casino brand and part of Bwin.Party Digital Entertainment. Play for free or play for money at PartyCasino.com New players get up to $3000 sign up bonus via Media Man.
VirginCasino.com : Virgin Casino is part of Virgin Games. The parent company is Virgin Enterprises Limited, the creation of the world's most famous and celebrated entrepreneur, Sir Richard Branson. Unfortunately the casino does not accept players from many countries due to what is known in legal circles as "grey areas". Most European players can play, but no Americans, Canadians, Australians or New Zealanders.
Captain Cooks Casino : Was once a very popular online casino with Australians and New Zealanders, however we understand these days they can only accept players from a few regions such as Europe, South Africa, Canada and South America.
PKR : Once only a 2D online poker room, they are now more 3D and offer online poker and a good range of online casino games, including classics, Marvel slots and table games.
Media Man's top online casino choice: PartyCasino.com PartyCasino is a multi-time Media Man 'Online Casino Of The Month' winner and have also won awards from EGR. Earlier this year PartyGaming merged with Bwin to create the worlds leading igaming company, Bwin.Party Digital Entertainment.
PartyCasino Gets New Games...
Aztec Gold, Atomic Fruit, Nag's To Riches and Fairies Forest. Check out the new games here.
Website Network
Media Man Int
Media Man
Media Man News
Media Man Entertainment
Global Gaming Directory
Casino News Media
Poker News Media
Media Man Games
Wednesday, September 07, 2011
Hotel News Media: Casinos Of The World
Hotel News Media Blog
Punters, here's 10 of the world's top land based casinos for you to mark down in your travel plans.
Monte Carlo, Monaco: Perched above the Mediterranean and bounded by the French
and Italian coastlines on either side, Monaco provides a spectacular and luxurious setting for the wealthy and the wannabees. Home to the Monaco Grand Prix and the legendary Casino de Monte Carlo, this isn't the place for those on a tight budget. The magnificent Casino hosts the annual European Poker Tour and was also the scene of several James Bond Films, including the original "Casino Royale" and "Golden Eye".
Paradise Island, Bahamas: Located just off the shore of the city of Nassau, Paradise
Island is best known for its sprawling 'Vegas-by-the-sea' resort, Atlantis. The resort spans seven acres along a lagoon, where guests can soak up the Caribbean sun and choose from a variety of outdoor gaming areas. When in need of a break from
the tables, guests can enjoy the private beach or one of the resorts 20 sunlit pools.
Melbourne, Australia: As Australia's sporting and entertainment capital, Melbourne offers the perfect option for high rollers looking for a local break. Aussies need look no further than Crown Casino on the southern bank of the Yarra River, which is one of the largest casino complexes in the southern hemisphere. The main gambling floor stretches more than half a kilometre and the casino was the first to introduce the new game Rapid Roulette, which allows players to place bets on a personal electronic touch screen connected to a central roulette wheel.
Macau, China: Known as the 'Monte Carlo of the Orient,' and the gambling capital of Asia, Macau now rivals Monaco and Las Vegas as one of the premier gambling destinations in the world. With no less than 33 casinos, in addition to local horse and greyhound racing venues, Macau is perfect for the betting junkie. The Wynn Macau casino is a standout, highlighted by 24-carat gold 'Tree of Prosperity' at the entrance, extravagant water displays and Moon Jellyfish Aquarium at reception.
Baden-Baden, Germany: Situated on the western foothills of the Black Forest and on
the banks of the Oos River, Baden-Baden is not your typical casino town. However, in addition to its hot springs and picturesque countryside, the town is also known for its 200-year-old 'Spielbank' casino - the oldest of its type in Germany. With French chateau-style salons rooms named after historical figures such as Madame Pompadour and Louis XV's mistress, the quirky casino provides visitors with a very unique gaming experience.
Las Vegas, United States: With over 1700 licensed casinos in operation, Las Vegas
offers the ultimate package for travellers who fancy a flutter. A visit to the famous 'Strip' is a must for any player, whether they're looking for a spin on the roulette table or a game of blackjack - this city has it all. The iconic Caesar's Palace hotel and casino offers 129,000 square feet of casino space plus an endless smorgasbord of entertainment, shopping and fine dining options, including Cleopatra's barge, a floating lounge perfect for a relaxing drink after a jam-packed night on the
casino floor.
Manila, The Philippines: With a favourable exchange rate, Manila provides great value
for Aussies wanting to live the high-life overseas. The city offers a range of shopping and entertainment options, along with a world-class casino at the Hyatt Hotel. Spread across three levels, the sparkling casino offers the newest in gaming
facilities for both hotel guests and visitors, and is just a short distance from Manila's tourist hub.
Sun City, South Africa: Known as 'Africa's Kingdom of Pleasure,' this luxury resort
and casino complex, just two hours from Johannesburg, boasts two large casinos, two 18-hole golf courses and a wildlife reserve. At the extravagant yet picturesque Palace of the Lost City, guests are treated to stunning valley views from the guestrooms, along with exclusive access to the Grand Pool. The nearby Sun City Casino is the entertainment Mecca of the resort, featuring a myriad of gaming options as well as an indoor jungle of native foliage and water fountains.
Atlantic City, United States: Regarded as the US's 'Las Vegas of the East', Atlantic City in New Jersey is renowned for its gambling, shopping and fine dining. Towering above the banks of the Atlantic Ocean, the Trump Taj Mahal casino is an icon of the city, with an on-site shopping district and an abundance of restaurants and bars. The
157,000 square-foot casino is also hard to miss, with 3,500 slot machines and 200 table games. Unveiled in 1990 by a number of celebrities, including the late Michael Jackson, the casino is the second-largest in Atlantic City and well worth a visit.
Genting Highlands, Malaysia: Nestled on the Titiwangsa mountain range, just an hour's
drive from Kuala Lumpur and 6,000 feet above sea level, the Resorts World Genting offers 360-degree views of the surrounding countryside. This spectacular resort has first-class accommodation, dining and entertainment, while avoiding the hustle and bustle of a capital city. The on-site casino, which covers 200,000 square feet, is Malaysia's sole gaming venue and is divided into separate themed areas, such as Hollywood and Monte Carlo, for the ultimate gambling experience.
Flashback
Paddy Power Active Customers Already Exceeds All of 2010 Figures...
Ireland’s biggest online bookmaker, Paddy Power, is attributing mobile gaming to its massive surge in active customers. This year’s numbers already exceed that of the entire 2010.
Just over a third of its active customers made transactions via mobile devices. Online products are now contributing 81% of the group’s operating profit, according to the Financial Times of London.
Paddy Power CEO Patrick Kennedy told the Financial Times: "We invested in a very good product and backed it up with TV advertising and online marketing."
The online business generated €45.3m in operating profit, a rise of 25% compared to the same period in 2010. Its land-based shops continue to suffer, however.
Playtech Signs Gala Coral Contract, Acquires Mobile-Bet Company...
Playtech Ltd, the Internet gambling software maker and content developer which has a joint venture with William Hill Plc (WMH), said it signed a long-term contract with Gala Coral Group Ltd., and acquired Mobenga AB, a mobile-phone sports-betting company.
Playtech will pay as much as 15.8 million euros ($22.4 million) for Mobenga, the Isle of Man-based company said in a statement. Playtech also said second-quarter revenue rose 7 percent to 39.6 million euros over the same period a year earlier, led by online casino games.
Gala Coral, which has 2,000 betting shops in the U.K. and Italy, should become one of Playtech’s top three clients within a year after its software is transferred, in 2012, Playtech’s Chief Executive Officer Mor Weizer said in a telephone interview. Mobenga will help Playtech expand in mobile telephone gambling, which generates 30 percent of bets for some companies, he said.
“This is a very important win for us,” Weizer said. “We already have most of the established operators in the U.K., and Gala Coral we were after for a long time.”
Playtech gained 18.25 pence, or 5.4 percent, to 356.75 pence at 8:47 a.m. in London, after earlier rising as much as 6.3 percent. The shares have fallen 16 percent so far this year, giving the company a market value of 866.3 million pounds.
Stockholm-based Mobenga will give Playtech the ability to combine sports-betting, casino and poker games in one mobile- phone application, Weizer said.
Playtech generates more than 10 million pounds ($16.1 million) from its biggest client, Imperial E-Club Ltd., Weizer said.
‘Players’
Most of the company’s clients attract players through sports, though they make most of their money through games, so they’re always seeking to convert sports betters to game players, he said.
Second-quarter casino revenue gained 9 percent to 27.3 million euros, and bingo sales increased 32 percent to 3.6 million euros, the company said.
Poker sales dropped 32 percent to 5 million euros, the company said. The poker business declined even though the U.S. charged founders of online poker companies still accepting games in the country with money laundering in April.
Weizer said the companies still had cash to lure poker players. Poker numbers have been “picking up” since the end of June, when one of the companies stopped play, he said. Full Tilt Poker, then the world’s second-biggest poker site, lost its license from Alderney on June 29.
Ireland’s biggest online bookmaker, Paddy Power, is attributing mobile gaming to its massive surge in active customers. This year’s numbers already exceed that of the entire 2010.
Just over a third of its active customers made transactions via mobile devices. Online products are now contributing 81% of the group’s operating profit, according to the Financial Times of London.
Paddy Power CEO Patrick Kennedy told the Financial Times: "We invested in a very good product and backed it up with TV advertising and online marketing."
The online business generated €45.3m in operating profit, a rise of 25% compared to the same period in 2010. Its land-based shops continue to suffer, however.
Playtech Signs Gala Coral Contract, Acquires Mobile-Bet Company...
Playtech Ltd, the Internet gambling software maker and content developer which has a joint venture with William Hill Plc (WMH), said it signed a long-term contract with Gala Coral Group Ltd., and acquired Mobenga AB, a mobile-phone sports-betting company.
Playtech will pay as much as 15.8 million euros ($22.4 million) for Mobenga, the Isle of Man-based company said in a statement. Playtech also said second-quarter revenue rose 7 percent to 39.6 million euros over the same period a year earlier, led by online casino games.
Gala Coral, which has 2,000 betting shops in the U.K. and Italy, should become one of Playtech’s top three clients within a year after its software is transferred, in 2012, Playtech’s Chief Executive Officer Mor Weizer said in a telephone interview. Mobenga will help Playtech expand in mobile telephone gambling, which generates 30 percent of bets for some companies, he said.
“This is a very important win for us,” Weizer said. “We already have most of the established operators in the U.K., and Gala Coral we were after for a long time.”
Playtech gained 18.25 pence, or 5.4 percent, to 356.75 pence at 8:47 a.m. in London, after earlier rising as much as 6.3 percent. The shares have fallen 16 percent so far this year, giving the company a market value of 866.3 million pounds.
Stockholm-based Mobenga will give Playtech the ability to combine sports-betting, casino and poker games in one mobile- phone application, Weizer said.
Playtech generates more than 10 million pounds ($16.1 million) from its biggest client, Imperial E-Club Ltd., Weizer said.
‘Players’
Most of the company’s clients attract players through sports, though they make most of their money through games, so they’re always seeking to convert sports betters to game players, he said.
Second-quarter casino revenue gained 9 percent to 27.3 million euros, and bingo sales increased 32 percent to 3.6 million euros, the company said.
Poker sales dropped 32 percent to 5 million euros, the company said. The poker business declined even though the U.S. charged founders of online poker companies still accepting games in the country with money laundering in April.
Weizer said the companies still had cash to lure poker players. Poker numbers have been “picking up” since the end of June, when one of the companies stopped play, he said. Full Tilt Poker, then the world’s second-biggest poker site, lost its license from Alderney on June 29.
Monday, September 05, 2011
Bwin.Party Digital Entertainment Nears Finalizing US Deals, by Greg Tingle
Profiles
Bwin.Party Digital Entertainment PartyCasino.com PartyPoker.com Playtech Caesars Entertainment IGN World Poker Tour United States Casinos Gaming World Directory Brands Media Man
The Co-Chief Executive of Bwin.Party Digital Entertainment, Jim Ryan confirmed this past week that the group is close to finalizing a number of deals with US based gambling companies, in a bid to enter the US market when legislation passes in this sector on a federal level.
Ryan said that the recently merged Bwin and PartyGaming were negotiating with companies who reached across the country, and particularly those in states where the likelihood of online gambling reaching them in the near future was higher than other states.
Ryan said that Bwin.Party Digital Entertainment was "in contract negotiations with a partner from New Jersey." In addition, the group was lining up partners in California and Florida.
These states had the greatest potential to see online gambling legislation passed, he said.
Ryan stressed that the current negotiations were not for acquisitions, but for partnerships only.
Above Consensus Market Expectations...
The announcement by Ryan was made as Bwin.Party released its first half earnings, showing that they had fallen by more than a fifth. This was put down in part to increases in gaming taxes across Europe.
The group said, however, that its numbers were still above consensus market expectations, which boosted its share prices somewhat.
While European gambling regulation continued to be encouraging, there was still uncertainty coming from the German market, which makes up for 22% of Bwin.Party's revenues.
Analysts believe that it may be two to three years before Germany's stand on regulation becomes clear.
An analyst with Peel Hunt, Nick Batram said: "While the current trading may reflect a worst case German scenario, it is frustrating that the company does not quantify the potential impact from an effective shutout and what plan B might be."
Troubles facing Full Tilt Poker also worked to Bwin.Party's advantage as players sought new poker sites and migrated to its brands.
First half earnings before interest, tax, depreciation and amortization fell 21% to €81.8 million.
Ryan said that the group's strategy was "to be a pan-European operator and it looks like we are the only organization that has the strategy and capability to do that."
REG - bwin.party digital - Dividend Declaration...
RNS Number : 2933N
bwin.party digital entertainment
31 August 2011
bwin.party digital entertainment plc
('bwin.party' or the 'Company')
Interim Dividend
The Board of bwin.party has today declared an interim dividend of 1.56 pence per ordinary share in respect of the six month period ended 30 June 2011. This dividend will be paid by the Company in accordance with the timetable set out below.
Shareholders and depositary interest holders may elect to receive the dividend payment in Euros by submitting currency elections to the Company's registrar (Capita Registrars) no later than 23 September 2011. Currency election forms are in the process of being dispatched to registered shareholders and the form will be available on the Company's website, www.bwin.party.com. Depositary interest holders wishing to receive the dividend in Euros may submit a currency election via CREST. The foreign exchange rate used for converting the pounds sterling dividend payment into Euros will be the rate quoted by the Company at or about 11.00 a.m. (BST) on 26 September 2011.
31 August 2011 Interim dividend declared
7 September 2011 Ex-dividend date
9 September 2011 Record date
23 September 2011 Deadline for receipt of currency elections
26 September 2011 Pounds sterling/Euros foreign exchange rate struck for Euro dividend currency elections
7 October 2011 Interim dividend paid
Bwin.Party Digital Entertainment Financial Heads Up...
Wednesday could be one for the gamblers with online gaming operators Bwin.Party Digital Entertainment and 888 Holdings both reporting.
888 has already revealed its revenue figure for the first half – it made $153.m, an improvement of 18.1% on a year earlier. Panmure Gordon thinks earnings before interest, tax, depreciation and amortisation (EBITDA) will be up 52% from last year at $19.1m, giving earnings per share of 4.5 cents.
“With the strong start to Q3 and, despite the planned increased investment, we believe the risk to our forecasts is on the upside,” the broker added.
As for Bwin.Party, UBS thinks the company will report a drab set of figures, with first half revenues of €425m. Even that is better than Panmure Gordon is expecting; the latter is predicting revenue of €410m.
Bwin.Party And 888 Update - 31st August 2011...
888’s rival bwin.party digital saw its shares rally 15.3p to 125.3p, as investors warmed to its first set of results since it was created by the merger of PartyGaming and Austria’s bwin earlier this year.
The numbers revealed cost savings from the deal would be £8.9m more than expected and recent trading had been strong.
But it plunged to a half-year loss of £27m from profits of £53m after a £54.4m accounting charge.
The half-year dividend is 1.56p. Bwin.party said it was benefiting from the suspension of rival Full Tilt Poker’s license.
It hopes the US may one day reopen its doors. In the meantime, it is grappling with increased regulation in some European markets and the higher taxes this brings.
Bwin blames poker for drop in profits...
Online gaming firm Bwin.party revealed a drop in profits after it was dealt a blow from greater competition in poker markets.
The owner of PartyCasino, Foxy Bingo and PartyPoker said like-for-like revenues dropped three per cent to 398 million euros (£352.2 million) in the six months to June 30.
In its first set of results since the merger of Bwin and PartyGaming in March, the group said it came up against stronger comparatives with the previous year, which was boosted by the World Cup.
Revenues at its poker business declined 10 per cent to 104.9 million euros (£92.8 million) amid greater competition, including a campaign from rival 888 fronted by former Australian cricketer Shane Warne.
Underlying profits fell 21 per cent to 72.4 million euros (£64.1 million) after the group, which generates a quarter of its income in Germany, was hit by increased gaming duties as it launched in newly regulated markets.
Bwin said the number of new poker players signing up to its brands increased six per cent to 373,700 in the period, but active player days were down 11 per cent.
Revenues at its bingo arm were down eight per cent to 33 million euros (£29.2 million) amid intense competition in the UK, while sports betting revenues were down two per cent. But its casino and poker division saw revenues increase two per cent to 124.3 million euros.
*The writer has conducted b2 with Bwin.Party Digital Entertainment
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The Co-Chief Executive of Bwin.Party Digital Entertainment, Jim Ryan confirmed this past week that the group is close to finalizing a number of deals with US based gambling companies, in a bid to enter the US market when legislation passes in this sector on a federal level.
Ryan said that the recently merged Bwin and PartyGaming were negotiating with companies who reached across the country, and particularly those in states where the likelihood of online gambling reaching them in the near future was higher than other states.
Ryan said that Bwin.Party Digital Entertainment was "in contract negotiations with a partner from New Jersey." In addition, the group was lining up partners in California and Florida.
These states had the greatest potential to see online gambling legislation passed, he said.
Ryan stressed that the current negotiations were not for acquisitions, but for partnerships only.
Above Consensus Market Expectations...
The announcement by Ryan was made as Bwin.Party released its first half earnings, showing that they had fallen by more than a fifth. This was put down in part to increases in gaming taxes across Europe.
The group said, however, that its numbers were still above consensus market expectations, which boosted its share prices somewhat.
While European gambling regulation continued to be encouraging, there was still uncertainty coming from the German market, which makes up for 22% of Bwin.Party's revenues.
Analysts believe that it may be two to three years before Germany's stand on regulation becomes clear.
An analyst with Peel Hunt, Nick Batram said: "While the current trading may reflect a worst case German scenario, it is frustrating that the company does not quantify the potential impact from an effective shutout and what plan B might be."
Troubles facing Full Tilt Poker also worked to Bwin.Party's advantage as players sought new poker sites and migrated to its brands.
First half earnings before interest, tax, depreciation and amortization fell 21% to €81.8 million.
Ryan said that the group's strategy was "to be a pan-European operator and it looks like we are the only organization that has the strategy and capability to do that."
REG - bwin.party digital - Dividend Declaration...
RNS Number : 2933N
bwin.party digital entertainment
31 August 2011
bwin.party digital entertainment plc
('bwin.party' or the 'Company')
Interim Dividend
The Board of bwin.party has today declared an interim dividend of 1.56 pence per ordinary share in respect of the six month period ended 30 June 2011. This dividend will be paid by the Company in accordance with the timetable set out below.
Shareholders and depositary interest holders may elect to receive the dividend payment in Euros by submitting currency elections to the Company's registrar (Capita Registrars) no later than 23 September 2011. Currency election forms are in the process of being dispatched to registered shareholders and the form will be available on the Company's website, www.bwin.party.com. Depositary interest holders wishing to receive the dividend in Euros may submit a currency election via CREST. The foreign exchange rate used for converting the pounds sterling dividend payment into Euros will be the rate quoted by the Company at or about 11.00 a.m. (BST) on 26 September 2011.
31 August 2011 Interim dividend declared
7 September 2011 Ex-dividend date
9 September 2011 Record date
23 September 2011 Deadline for receipt of currency elections
26 September 2011 Pounds sterling/Euros foreign exchange rate struck for Euro dividend currency elections
7 October 2011 Interim dividend paid
Bwin.Party Digital Entertainment Financial Heads Up...
Wednesday could be one for the gamblers with online gaming operators Bwin.Party Digital Entertainment and 888 Holdings both reporting.
888 has already revealed its revenue figure for the first half – it made $153.m, an improvement of 18.1% on a year earlier. Panmure Gordon thinks earnings before interest, tax, depreciation and amortisation (EBITDA) will be up 52% from last year at $19.1m, giving earnings per share of 4.5 cents.
“With the strong start to Q3 and, despite the planned increased investment, we believe the risk to our forecasts is on the upside,” the broker added.
As for Bwin.Party, UBS thinks the company will report a drab set of figures, with first half revenues of €425m. Even that is better than Panmure Gordon is expecting; the latter is predicting revenue of €410m.
Bwin.Party And 888 Update - 31st August 2011...
888’s rival bwin.party digital saw its shares rally 15.3p to 125.3p, as investors warmed to its first set of results since it was created by the merger of PartyGaming and Austria’s bwin earlier this year.
The numbers revealed cost savings from the deal would be £8.9m more than expected and recent trading had been strong.
But it plunged to a half-year loss of £27m from profits of £53m after a £54.4m accounting charge.
The half-year dividend is 1.56p. Bwin.party said it was benefiting from the suspension of rival Full Tilt Poker’s license.
It hopes the US may one day reopen its doors. In the meantime, it is grappling with increased regulation in some European markets and the higher taxes this brings.
Bwin blames poker for drop in profits...
Online gaming firm Bwin.party revealed a drop in profits after it was dealt a blow from greater competition in poker markets.
The owner of PartyCasino, Foxy Bingo and PartyPoker said like-for-like revenues dropped three per cent to 398 million euros (£352.2 million) in the six months to June 30.
In its first set of results since the merger of Bwin and PartyGaming in March, the group said it came up against stronger comparatives with the previous year, which was boosted by the World Cup.
Revenues at its poker business declined 10 per cent to 104.9 million euros (£92.8 million) amid greater competition, including a campaign from rival 888 fronted by former Australian cricketer Shane Warne.
Underlying profits fell 21 per cent to 72.4 million euros (£64.1 million) after the group, which generates a quarter of its income in Germany, was hit by increased gaming duties as it launched in newly regulated markets.
Bwin said the number of new poker players signing up to its brands increased six per cent to 373,700 in the period, but active player days were down 11 per cent.
Revenues at its bingo arm were down eight per cent to 33 million euros (£29.2 million) amid intense competition in the UK, while sports betting revenues were down two per cent. But its casino and poker division saw revenues increase two per cent to 124.3 million euros.
*The writer has conducted b2 with Bwin.Party Digital Entertainment
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Friday, September 02, 2011
Preview: Bwin.Party Digital Entertainment, 888 Holdings, Gaming Business News, by Greg Tingle
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Bwin.Party Digital Entertainment Financial Heads Up...
Wednesday could be one for the gamblers with online gaming operators Bwin.Party Digital Entertainment and 888 Holdings both reporting.
888 has already revealed its revenue figure for the first half – it made $153.m, an improvement of 18.1% on a year earlier. Panmure Gordon thinks earnings before interest, tax, depreciation and amortisation (EBITDA) will be up 52% from last year at $19.1m, giving earnings per share of 4.5 cents.
“With the strong start to Q3 and, despite the planned increased investment, we believe the risk to our forecasts is on the upside,” the broker added.
As for Bwin.Party, UBS thinks the company will report a drab set of figures, with first half revenues of €425m. Even that is better than Panmure Gordon is expecting; the latter is predicting revenue of €410m.
Bwin.Party And 888 Update - 31st August 2011...
888’s rival bwin.party digital saw its shares rally 15.3p to 125.3p, as investors warmed to its first set of results since it was created by the merger of PartyGaming and Austria’s bwin earlier this year.
The numbers revealed cost savings from the deal would be £8.9m more than expected and recent trading had been strong.
But it plunged to a half-year loss of £27m from profits of £53m after a £54.4m accounting charge.
The half-year dividend is 1.56p. Bwin.party said it was benefiting from the suspension of rival Full Tilt Poker’s license.
It hopes the US may one day reopen its doors. In the meantime, it is grappling with increased regulation in some European markets and the higher taxes this brings.
Bwin blames poker for drop in profits...
Online gaming firm Bwin.party revealed a drop in profits after it was dealt a blow from greater competition in poker markets.
The owner of PartyCasino, Foxy Bingo and PartyPoker said like-for-like revenues dropped three per cent to 398 million euros (£352.2 million) in the six months to June 30.
In its first set of results since the merger of Bwin and PartyGaming in March, the group said it came up against stronger comparatives with the previous year, which was boosted by the World Cup.
Revenues at its poker business declined 10 per cent to 104.9 million euros (£92.8 million) amid greater competition, including a campaign from rival 888 fronted by former Australian cricketer Shane Warne.
Underlying profits fell 21 per cent to 72.4 million euros (£64.1 million) after the group, which generates a quarter of its income in Germany, was hit by increased gaming duties as it launched in newly regulated markets.
Bwin said the number of new poker players signing up to its brands increased six per cent to 373,700 in the period, but active player days were down 11 per cent.
Revenues at its bingo arm were down eight per cent to 33 million euros (£29.2 million) amid intense competition in the UK, while sports betting revenues were down two per cent. But its casino and poker division saw revenues increase two per cent to 124.3 million euros.
*The writer has conducted b2 with Bwin.Party Digital Entertainment
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Bwin.Party Digital Entertainment Financial Heads Up...
Wednesday could be one for the gamblers with online gaming operators Bwin.Party Digital Entertainment and 888 Holdings both reporting.
888 has already revealed its revenue figure for the first half – it made $153.m, an improvement of 18.1% on a year earlier. Panmure Gordon thinks earnings before interest, tax, depreciation and amortisation (EBITDA) will be up 52% from last year at $19.1m, giving earnings per share of 4.5 cents.
“With the strong start to Q3 and, despite the planned increased investment, we believe the risk to our forecasts is on the upside,” the broker added.
As for Bwin.Party, UBS thinks the company will report a drab set of figures, with first half revenues of €425m. Even that is better than Panmure Gordon is expecting; the latter is predicting revenue of €410m.
Bwin.Party And 888 Update - 31st August 2011...
888’s rival bwin.party digital saw its shares rally 15.3p to 125.3p, as investors warmed to its first set of results since it was created by the merger of PartyGaming and Austria’s bwin earlier this year.
The numbers revealed cost savings from the deal would be £8.9m more than expected and recent trading had been strong.
But it plunged to a half-year loss of £27m from profits of £53m after a £54.4m accounting charge.
The half-year dividend is 1.56p. Bwin.party said it was benefiting from the suspension of rival Full Tilt Poker’s license.
It hopes the US may one day reopen its doors. In the meantime, it is grappling with increased regulation in some European markets and the higher taxes this brings.
Bwin blames poker for drop in profits...
Online gaming firm Bwin.party revealed a drop in profits after it was dealt a blow from greater competition in poker markets.
The owner of PartyCasino, Foxy Bingo and PartyPoker said like-for-like revenues dropped three per cent to 398 million euros (£352.2 million) in the six months to June 30.
In its first set of results since the merger of Bwin and PartyGaming in March, the group said it came up against stronger comparatives with the previous year, which was boosted by the World Cup.
Revenues at its poker business declined 10 per cent to 104.9 million euros (£92.8 million) amid greater competition, including a campaign from rival 888 fronted by former Australian cricketer Shane Warne.
Underlying profits fell 21 per cent to 72.4 million euros (£64.1 million) after the group, which generates a quarter of its income in Germany, was hit by increased gaming duties as it launched in newly regulated markets.
Bwin said the number of new poker players signing up to its brands increased six per cent to 373,700 in the period, but active player days were down 11 per cent.
Revenues at its bingo arm were down eight per cent to 33 million euros (£29.2 million) amid intense competition in the UK, while sports betting revenues were down two per cent. But its casino and poker division saw revenues increase two per cent to 124.3 million euros.
*The writer has conducted b2 with Bwin.Party Digital Entertainment
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Virgin Casino Launches New Retro Reels Game
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This week, Virgin Casino has launched a new slots game, Retro Reels, Diamond Glitz and to celebrate this launch it is offering its ever-popular slots wagering promotions. Players you wish to win huge amounts should try their luck on this game. All the players who do so this week will receive a bonus worth GBP650.
This Retro Ritz, Diamond Glitz promotion has started on 30th of August and will continue until 2nd of September. You can also win cash bonus, but for that, you have to wager at least GBP500 on any of the featured slots games. Higher the wager bigger will be the bonus you can win.
Slots games that are featured for this promotion include some of the very popular slots games such as Who Wants to be a Millionaire, Bejeweled 2 and the new Retro Reels, Diamond Glitz. For any other detail, visit Virgin Casino today.
Virgin Casino has become one of the most popular online gambling venues today. You will be satisfied with their supreme casino games and innovative bonus offers.
*Sorry, no US, Canadian or Australian players. See World Casino Directory.
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This week, Virgin Casino has launched a new slots game, Retro Reels, Diamond Glitz and to celebrate this launch it is offering its ever-popular slots wagering promotions. Players you wish to win huge amounts should try their luck on this game. All the players who do so this week will receive a bonus worth GBP650.
This Retro Ritz, Diamond Glitz promotion has started on 30th of August and will continue until 2nd of September. You can also win cash bonus, but for that, you have to wager at least GBP500 on any of the featured slots games. Higher the wager bigger will be the bonus you can win.
Slots games that are featured for this promotion include some of the very popular slots games such as Who Wants to be a Millionaire, Bejeweled 2 and the new Retro Reels, Diamond Glitz. For any other detail, visit Virgin Casino today.
Virgin Casino has become one of the most popular online gambling venues today. You will be satisfied with their supreme casino games and innovative bonus offers.
*Sorry, no US, Canadian or Australian players. See World Casino Directory.
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Thursday, September 01, 2011
Hotels News Media Blog: Casinos, Hotels and Sports in these venues
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Endeavor president Mark Shapiro promises not to ‘over-commercialize’ WWE - May 2023
The president of Endeavor says they will look at ways to increase WWE's sponsorship revenue, but they are not going to "over-commercialize" the product.
Mark Shapiro appeared on the Sports Media Podcast on Wednesday and was asked about WWE sponsorship opportunities that could potentially involve putting brand logos on wrestlers' ring gear.
Shapiro responded:
"Look, you want to be authentic, you want to be seamless, you want to be organic, you want to be true to your audience. So, no, we're not going to put a brand on somebody's robe walking into the ring. Now, by the way, do UFC fighters wear Venom apparel and Project Rock shoes when they come into the octagon? Yes, they do. Could the WWE benefit from an apparel deal as such? A shoe deal as such? Absolutely but we're not going to over-commercialize it, we're not going to saturate it to the point that we cheap it out, we trick it out, and you turn off the fanbase.
You've gotta figure out what's right in the ring, in the octagon. You've gotta figure out what's right with the arena, indoor, outdoor. You've gotta figure out what's right with the fighters and the participants, and you gotta walk before you run."
However, Shapiro emphasized that the transaction has not been completed and they are not currently in a position to make decisions regarding WWE.
Shapiro's comments regarding WWE's sponsorship potential echoes what had prevaiously been expressed by Endeavor CEO, Ari Emanuel. During an appearance on CNBC's Squawk on the Street earlier this month, Emanuel noted that they will let WWE "do what they want to do" while his group works to drive revenue. He says it's the same playbook they used with UFC.
"Right now, we're focused on saving some cost, doing sponsorship, which they didn't have. It's the same formula we used at UFC," Emanuel said.
Shapiro also commented on the success of this strategy during an interview with Sports Business Journal's John Ourand last month.
Shapiro said:
"That's the strategy. That's how it has successfully played out for the UFC over the last six years. Remember when we bought it for $4.1 billion? People thought that price was crazy. Now, it is valued at $12.1 billion. I mean, what a story. We hope to do the same thing with the WWE."
WWE Creates Placeholder Company for Endeavor Acquisition, Nick Khan Issues Letter to WWE Shareholders, More - 12th May 2023
WWE has created a new LLC, titled NEW WHALE INC., as a placeholder company for the Endeavor acquisition. The filing reiterates what was said several weeks back, noting that when the merger is finalized later this year, a new name will be revealed for the new company that Endeavor will run to oversee WWE and UFC. The stock market initials, as announced before, will be TKO, and that could be a hint at the planned company name.
The SEC filings included a letter from WWE CEO Nick Khan to stockholders in regards to the Endeavor acquisition. The letter outlines potential risk factors, transactions/closing, and more. WWE also released a Q&A for stockholders, and both can be seen below.
The letter from Khan reads like this:
To Our Stockholders:
On behalf of the board of directors of World Wrestling Entertainment, Inc., a Delaware corporation, which we refer to as “WWE,” we are pleased to enclose the information statement/prospectus relating to the proposed transaction between WWE and Endeavor Group Holdings, Inc., which we refer to as “Endeavor,” pursuant to which WWE and Endeavor propose to combine the businesses of WWE and Zuffa Parent, LLC, a Delaware limited liability company and a subsidiary of Endeavor, which owns and operates the Ultimate Fighting Championship (“UFC”) and which we refer to as “HoldCo,” which combined business will be managed by a newly public listed company that is currently named New Whale Inc., a Delaware corporation and direct, wholly owned subsidiary of WWE, which we refer to as “New PubCo,” which will be implemented through a sequence of transactions (the “Transactions”).
On April 2, 2023, Endeavor, WWE, Endeavor Operating Company, LLC, a Delaware limited liability company and a wholly owned subsidiary of Endeavor, which we refer to as “EDR OpCo,” HoldCo, New PubCo, and Whale Merger Sub Inc., a Delaware corporation and a direct, wholly owned subsidiary of New PubCo, which we refer to as “Merger Sub,” entered into a transaction agreement, which, as the same may be amended from time to time, we refer to as the “transaction agreement.” In connection with the transaction agreement, WWE formed New PubCo and Merger Sub. The Transactions include (i) an internal reorganization of WWE (the “Pre-Closing Reorganization”), (ii) following the Pre-Closing Reorganization, the merger of Merger Sub with and into WWE, with WWE surviving the merger as a direct, wholly owned subsidiary of New PubCo (the “merger”)—as a result of the merger, (x) each outstanding share of WWE’s Class A common stock, par value $0.01 per share (the “WWE Class A common stock”) and (y) each outstanding share of WWE’s Class B common stock, par value $0.01 per share (the “WWE Class B common stock,” and together with the WWE Class A common stock, the “WWE common stock”) that is outstanding immediately prior to the effective time of the merger (the “effective time”), but excluding any cancelled WWE shares (as defined herein), will, in each case, be converted automatically into the right to receive one share of New PubCo Class A common stock, par value $0.00001 per share (the “New PubCo Class A common stock”), (iii) following the merger, the conversion of the surviving corporation in the merger to a Delaware limited liability company (“WWE LLC”) (the “conversion”), which will be wholly owned by New PubCo immediately prior to the WWE transfer, (iv) following the conversion, (x) the contribution by New PubCo of all of the equity interests in WWE LLC to HoldCo in exchange for 49% of the membership interests in HoldCo on a fully diluted basis after giving effect to any issuance of membership interests in HoldCo in connection with such exchange (such contribution, the “WWE transfer”, and such membership interests, the “WWE Transfer Consideration”) and (y) the issuance to EDR OpCo and certain of its subsidiaries of a number of shares of New PubCo Class B common stock, par value $0.00001 per share (the “New PubCo Class B common stock”), representing, in the aggregate, 51% of the voting power of New PubCo on a fully diluted basis and no economic rights in New PubCo, in exchange for a payment equal to the par value of such New PubCo Class B common stock.
Upon the effective time, each issued and outstanding share of WWE common stock (other than cancelled WWE shares) will be converted automatically into one validly issued, fully paid and non-assessable share of New PubCo Class A common stock, which we refer to as the “transaction consideration,” and all such converted shares will then cease to exist and will no longer be outstanding. WWE Class A common stock currently trades on the NYSE under the ticker symbol “WWE.” On March 31, 2023, the closing price of WWE Class A common stock was $91.26 per share.
Upon completion of the Transactions, including the merger, which we refer to as the “Closing,” subsidiaries of Endeavor are expected to collectively own 51% of the voting power of New PubCo and 51% of the economic interests in HoldCo, with former securityholders of WWE common stock indirectly owning 49% of the economic interests in HoldCo, 49% of the voting power of New PubCo and 100% of the economic ownership of New PubCo, in each case, on a fully diluted basis. Shares of New PubCo Class A common stock are expected to be listed for trading on the New York Stock Exchange, which we refer to as the “NYSE,” under the ticker symbol “TKO.”
At a meeting of the board of directors of WWE, which we refer to as the “WWE Board,” the WWE Board unanimously adopted resolutions (i) determining that it was advisable and in the best interests of WWE and the WWE stockholders to enter into the transaction agreement and to consummate the Transactions, (ii) approving the execution, delivery and performance of the transaction agreement and the consummation of the Transactions and (iii) resolving to recommend that WWE stockholders adopt the transaction agreement.
The adoption of the transaction agreement and, therefore, the approval of the Transactions, including the merger, required the affirmative vote of holders of at least a majority of the voting power of the shares of WWE common stock entitled to vote on such matters. On April 2, 2023, Vincent K. McMahon (“Mr. McMahon”), who, as of the date thereof, was the record holder of 69,157 shares of WWE Class A common stock and 28,682,948 shares of WWE Class B common stock, representing approximately 81.0% of the aggregate voting power of the issued and outstanding shares of WWE common stock on such date, delivered a written consent, which we refer to as the “Written Consent,” adopting and, therefore, approving the transaction agreement and the Transactions, including the merger. Accordingly, the delivery of the Written Consent was sufficient to adopt the transaction agreement and, therefore, approve the Transactions, on behalf of WWE stockholders. WWE has not solicited and is not soliciting your adoption of the transaction agreement or approval of the Transactions, including the merger.
No further action by any Endeavor stockholder or WWE stockholder is required under applicable law, and neither Endeavor nor WWE will solicit the votes of their respective stockholders for the adoption or approval of the transaction agreement or the Transactions, including the merger. Neither Endeavor nor WWE will call a special meeting of their respective stockholders for purposes of voting on adoption or approval of the transaction agreement or the Transactions, including the merger. This information statement/prospectus and notice of action by written consent is being provided to you for informational purposes only and shall be considered the notice required under Section 228(e) of the DGCL. You are not being asked for a proxy, and you are requested not to send a proxy.
Endeavor and WWE are not required to complete the Transactions, including the merger, unless a number of conditions are satisfied or waived, which we refer to as the “closing conditions,” including: (i) the expiration of the waiting period under the U.S. Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, (ii) obtaining other applicable regulatory approvals, (iii) the absence of any order or legal requirement that enjoins, restrains or otherwise prevents the consummation of the Transactions, (iv) the effectiveness of New PubCo’s registration statement on Form S-4, of which the accompanying information statement/prospectus forms a part, and the absence of any stop order or other proceeding that suspends or otherwise threatens such effectiveness, (v) the registration, and the authorization of listing on the NYSE, of New PubCo Class A common stock, and (vi) the consummation of the Pre-Closing Reorganization. The closing date of the Transactions will be at least 20 business days after the mailing of the accompanying information statement/prospectus to WWE stockholders, in accordance with Rule 14c-2(b) promulgated under the Exchange Act.
We encourage you to read the entire accompanying information statement/prospectus carefully, in particular the risk factors set forth in the section entitled “Risk Factors” beginning on page 31 of the accompanying information statement/prospectus.
On behalf of WWE, thank you for your consideration and continued support.
Nick Khan
Chief Executive Officer
World Wrestling Entertainment, Inc.
The Q&A reads like this:
QUESTIONS AND ANSWERS ABOUT THE TRANSACTIONS
The following questions and answers are intended to briefly address some commonly asked questions regarding the transaction agreement and the Transactions, including the merger. You are encouraged to carefully read the remainder of this information statement/prospectus, its annexes and exhibits and the documents that are referred to in this information statement/prospectus and to pay special attention to the sections entitled “Risk Factors” and “Cautionary Statement Regarding Forward-Looking Statements” beginning on pages 31 and 29, respectively, of this information statement/prospectus, because the information contained in this section may not provide all the information that might be important to you with respect to the transaction agreement and the Transactions, including the merger. For further information, please read the section entitled “Where You Can Find More Information” beginning on page 288 of this information statement/prospectus.
Q: Why am I receiving this information statement/prospectus?
A: On April 2, 2023, Endeavor, EDR OpCo, HoldCo, WWE, New PubCo and Merger Sub entered into the transaction agreement, pursuant to which WWE and Endeavor propose to combine the businesses of WWE and HoldCo, which owns and operates UFC, which combined business will be managed by New PubCo, a new publicly listed company, once the Transactions, including the merger, are implemented.
In connection with the transaction agreement, WWE formed two wholly owned subsidiaries, New PubCo and Merger Sub. Subject to the terms and conditions of the transaction agreement, (i) WWE will undertake the Pre-Closing Reorganization, (ii) following the Pre-Closing Reorganization, Merger Sub will merge with and into WWE, with WWE surviving the merger as a direct, wholly owned subsidiary of New PubCo, (iii) following the merger, the surviving corporation will be converted to WWE LLC, a Delaware limited liability company, which will be wholly owned by New PubCo, immediately prior to the WWE transfer and (iv) following the conversion, New PubCo will (a) contribute all of the equity interests in WWE LLC to HoldCo in exchange for 49% of the membership interests in HoldCo on a fully diluted basis after giving effect to any issuance of membership interests in HoldCo in connection with such exchange and (b) issue to EDR OpCo and certain of its subsidiaries a number of shares of New PubCo Class B common stock, par value $0.00001 per share, representing, in the aggregate, 51% of the voting power of New PubCo on a fully diluted basis and no economic rights in New PubCo, in exchange for a payment equal to the par value of such New PubCo Class B common stock. As a result of the Transactions, including the merger, subsidiaries of Endeavor are expected to collectively own 51% of the voting power of New PubCo and 51% of the economic interests in HoldCo, with former securityholders of WWE common stock indirectly owning 49% of the economic interests in HoldCo, 49% of the voting power of New PubCo and 100% of the economic ownership of New PubCo, in each case, on a fully diluted basis. In addition, New PubCo will be renamed “[ ]” immediately following the completion of the Transactions, including the merger.
Upon completion of the Transactions, including the merger, former securityholders of WWE common stock will own shares of New PubCo Class A common stock, which is expected to be listed for trading on the NYSE under the ticker symbol “TKO.” For further information on the rights of such shares, please read the section entitled “Summary of the Transaction Agreement— Transaction Consideration; Conversion of Shares; Exchange of Certificates” beginning on page 144 of this information statement/prospectus.
We have included in this information statement/prospectus important information about the Transactions, including the merger, and the transaction agreement (a copy of which is attached as Annex A). You should carefully read this information and the documents referred to therein in their entirety.
Please note that the delivery of the Written Consent is sufficient to adopt and approve the transaction agreement and the Transactions (including the merger) on behalf of stockholders of WWE. You are not being asked for a proxy, and you are requested not to send a proxy.
Q: Why is WWE proposing the Transactions?
A: The WWE Board has unanimously approved the transaction agreement and the transactions contemplated thereby, and determined that the transaction agreement and the transactions contemplated by the transaction agreement, are in the best interest of WWE and its stockholders. WWE believes that the Transactions, including the merger, will benefit WWE stockholders. For further information, please read the sections entitled “The Transactions—WWE’s Reasons for the Transactions; Recommendation of the WWE Board of Directors” beginning on page 95 of this information statement/prospectus.
Q: What will WWE stockholders receive in the Transactions?
A: At the effective time, each issued and outstanding share of WWE Class A common stock and WWE Class B common stock (other than cancelled WWE shares) will be converted automatically into one validly issued, fully paid and non-assessable share of New PubCo Class A common stock, and all such converted shares will then cease to exist and will no longer be outstanding. For further information, please read the section entitled “Summary of the Transaction Agreement— Transaction Consideration; Conversion of Shares; Exchange of Certificates” beginning on page 144 of this information statement/prospectus.
Q: What will holders of WWE equity awards receive in the Transactions?
A: At the effective time, each award of WWE RSUs and WWE PSUs, including any dividend equivalent rights granted with respect thereof, that is outstanding immediately prior to the effective time will be converted into an equivalent award of restricted stock units or performance stock units of New PubCo, respectively, on the same terms and conditions as were applicable under the award of WWE RSUs or WWE PSUs immediately prior to the effective time (including any provisions for acceleration); provided, that, any applicable performance-vesting conditions will be equitably adjusted, as necessary, including by the WWE Compensation Committee in good faith, following consultation and reasonable consideration of comments from Endeavor and in a manner consistent with past practice, to take into account the effects, if any, of the Transactions, including the merger.
Prior to the effective time, the WWE Board (or an appropriate committee thereof) will take necessary actions such that any offering period under the WWE ESPP during which the effective time would otherwise have occurred will be deemed to have ended on the fifth business day prior to the closing date and each outstanding purchase right under the WWE ESPP will automatically be exercised on such date.
For further information, please read the section entitled “Summary of the Transaction Agreement— Transaction Consideration; Conversion of Shares; Exchange of Certificates” beginning on page 144 of this information statement/prospectus.
Q: Should I send in my share certificates now for exchange?
A: No, you should not send in your WWE share certificates now for exchange. At the effective time, each WWE share certificate will automatically be converted into an equivalent number of shares of New PubCo Class A common stock. Following the effective time, stockholders may request to exchange their WWE stock certificates for New PubCo stock certificates by contacting New PubCo’s transfer agent (as defined below). For further information, please read the section entitled “Summary of the Transaction Agreement— Transaction Consideration; Conversion of Shares; Exchange of Certificates” beginning on page 144 of this information statement/prospectus.
Q: Who will serve on New PubCo’s board of directors and as management?
A: The New PubCo Board will consist of 11 members who will be determined at a date prior to the closing of the Transactions, five of whom will be selected by WWE (the “WWE Designees”), of whom (x) two will be members of the WWE management team (one of whom will be Mr. McMahon) and (y) three will be independent, and six of whom will be selected by Endeavor (the “EDR Designees”), of whom (x) three will be members of the Endeavor management team or Endeavor directors (one of whom will be Ariel Emanuel (“Mr. Emanuel”)) and (y) three will be independent. As such, New PubCo will be a controlled company with a majority of New PubCo directors that will be independent.
Following the Closing, New PubCo is expected to be led by Mr. Emanuel as Chief Executive Officer (who is expected to also continue in his role as Chief Executive Officer of Endeavor); Mr. McMahon as Executive Chair of the New PubCo Board; Mark Shapiro (“Mr. Shapiro”) as President and Chief Operating Officer (who is expected to also continue in his role as President and as Chief Operating Officer of Endeavor); Andrew Schleimer (“Mr. Schleimer”) as Chief Financial Officer (who is expected to also continue in his role as Deputy Chief Financial Officer of Endeavor); and Seth Krauss (“Mr. Krauss”) as Chief Legal Officer (who is expected to also continue in his role as Chief Legal Officer of Endeavor). For further information, please read the section entitled “Management and Directors of New PubCo After the Transactions” beginning on page 221 of this information statement/prospectus.
Q: What equity stake will WWE stockholders hold in New PubCo and HoldCo?
A: WWE stockholders will receive one share of New PubCo Class A common stock for each share of WWE common stock that they hold. As of the Closing, subsidiaries of Endeavor are expected to collectively own 51% of the voting power of New PubCo and 51% of the economic interests in HoldCo, with former securityholders of WWE common stock indirectly owning 49% of the economic interests in HoldCo, 49% of the voting power of New PubCo and 100% of the economic ownership of New PubCo, in each case, on a fully diluted basis.
For further information, please read the section entitled “The Transactions—Ownership of New PubCo after the Transactions” beginning on page 84 of this information statement/prospectus.
Q: How do I calculate the value of the transaction consideration?
A: WWE stockholders will receive one share of New PubCo Class A common stock for each share of WWE common stock that they hold. As of the Closing, subsidiaries of Endeavor are expected to collectively own 51% of the voting power of New PubCo and 51% of the economic interests in HoldCo, with former securityholders of WWE common stock indirectly owning 49% of the economic interests in HoldCo, 49% of the voting power of New PubCo and 100% of the economic ownership of New PubCo, in each case, on a fully diluted basis. The value of the transaction consideration the WWE stockholders will receive in the Transactions, including the merger, will therefore depend on the combined value of HoldCo and WWE at the effective time.
The values of WWE common stock and of HoldCo have fluctuated since the date of the announcement of the transaction agreement and will continue to fluctuate from the date of this information statement/prospectus until the date the Transactions, including the merger, are completed. Because the ownership percentages described above will not be adjusted to reflect any changes in the values of WWE common stock or HoldCo, the value of the transaction consideration may be higher or lower than the value of the WWE common stock on earlier dates. Therefore, until the completion of the Transactions, including the merger, the WWE stockholders will not know or be able to determine the value, on a fully diluted basis, of the New PubCo Class A common stock that they will receive pursuant to the transaction agreement.
On March 31, 2023, which was the last trading day before the public announcement of the Transactions, the closing price on the NYSE was $91.26 per share of WWE Class A common stock. On [ ], 2023, which was the latest practicable date before the printing of this information statement/prospectus, the closing price on the NYSE was $ [ ] per share of WWE Class A common stock.
Changes in the market price of WWE common stock may result from a variety of factors that are beyond the control of WWE, including, but not limited to, changes in their businesses, operations and prospects, regulatory considerations, governmental actions, and legal proceedings and developments. You are encouraged to obtain up-to-date market prices for shares of WWE common stock.
Q: What conditions must be satisfied to complete the Transactions, including the merger?
A: Endeavor and WWE are not required to complete the Transactions, including the merger, unless a number of conditions are satisfied or waived, which we refer to as the “closing conditions.” These closing conditions include, among others:
• the adoption of the transaction agreement by WWE stockholders (which was satisfied by the delivery of the Written Consent);
• the completion of the Pre-Closing Reorganization;
• the absence of certain legal restraints that would prohibit or seek to prohibit the Transactions;
• the receipt of certain regulatory approvals;
• the approval for listing on the NYSE of the shares of New PubCo Class A common stock to be issued to WWE stockholders;
• the ancillary agreements being in full force and effect;
• the absence, since the date of the transaction agreement, of any event, change, occurrence or development that has had a material adverse effect on the business, financial condition or results of operations of WWE or HoldCo;
• delivery by Endeavor to WWE of certain required audited financial statements of HoldCo, and the operating income reflected in such financial statements not being less than a defined threshold (which was satisfied on April 23, 2023 by the delivery of such audited financial statements reflecting such level of operating income for the fiscal year ended December 31, 2022); and
• the prior mailing and effectiveness of the registration statement on Form S-4, of which this information statement/prospectus forms a part.
In addition, each of Endeavor’s and WWE’s respective obligations to complete the Transactions, including the merger, is subject to, among other conditions, the accuracy of the other party’s representations and warranties described in the transaction agreement (subject in most cases to “materiality” and “material adverse effect” qualifications) and the other party’s compliance with its covenants and agreements in the transaction agreement in all material respects.
For a more complete summary of the closing conditions that must be satisfied or waived prior to the completion of the Transactions, including the merger, please read the section entitled “Summary of the Transaction Agreement—Conditions to the Closing” beginning on page 170 of this information statement/prospectus.
Q: When do you expect the Transactions, including the merger, to be completed?
A: Endeavor and WWE are working to complete the Transactions, including the merger, as soon as possible. As described above, certain closing conditions must be satisfied or waived before Endeavor and WWE can complete the Transactions, including the merger. For further information, please read the section entitled “Summary of the Transaction Agreement—Conditions to the Closing” beginning on page 170 of this information statement/prospectus.
Assuming timely satisfaction or waiver of the closing conditions, the Transactions, including the merger, are expected to close in the second half of 2023. The closing date of the Transactions, including the merger, will be at least 20 business days after the mailing of this information statement/prospectus to WWE stockholders, in accordance with Rule 14c-2(b) promulgated under the Exchange Act.
Q: Is New PubCo expected to hold any assets other than the common units?
A: In addition to the common units, New PubCo is expected to hold an amount of cash that will be distributed by WWE LLC to New PubCo in connection with the closing of the Transactions, as further described immediately below.
Q: Does WWE expect to distribute cash to New PubCo?
A: Yes, WWE is permitted to distribute cash to New PubCo prior to the closing of the Transactions. It is expected that an amount of cash, if any, in excess of the WWE Minimum Cash Requirement (as defined in the transaction agreement) will be distributed by WWE LLC to New PubCo. For further information, please read the section entitled “Summary of the Transaction Agreement—Cash Distributions” beginning on page 143 of this information statement/prospectus.
Q: What happens if the Transactions, including the merger, are not completed?
A: If the Transactions, including the merger, are not completed for any reason, (1) WWE stockholders will not receive the transaction consideration, (2) WWE will remain an independent public company, (3) WWE Class A common stock will continue to be traded on the NYSE, (4) New PubCo, which is currently a direct, wholly owned subsidiary of WWE, will not become a publicly traded corporation, (5) the WWE RSUs and the WWE PSUs will not be converted into equivalent restricted stock units and performance stock units, respectively, of New PubCo, and (6) to the extent applicable, any then-current offering period under the WWE ESPP will remain outstanding through its original end date and will not be truncated.
As a result of the delivery of the Written Consent, no termination fees are payable in respect of the termination of the transaction agreement. For further information, please read the section entitled “Summary of the Transaction Agreement—Effect of Termination; Termination Fees; Expenses” beginning on page 174 of this information statement/prospectus.
Q: What approval by WWE stockholders is required to adopt the transaction agreement and, therefore, approve the Transactions, including the merger?
A: The adoption of the transaction agreement and, therefore, the approval of the Transactions, including the merger, required the affirmative vote of holders of a majority of the voting power of the shares of WWE common stock entitled to vote on such matters. On April 2, 2023, Mr. McMahon, who, as of the date thereof, was the record holder of 69,157 shares of WWE Class A common stock and 28,682,948 shares of WWE Class B common stock, representing approximately 81.0% of the aggregate voting power of the issued and outstanding shares of WWE common stock on such date, delivered a written consent adopting and, therefore, approving the transaction agreement and the Transactions, including the merger. Accordingly, the delivery of the Written Consent was sufficient to adopt the transaction agreement and, therefore, approve the Transactions, including the merger, on behalf of WWE stockholders. WWE has not solicited and is not soliciting your adoption of the transaction agreement or approval of the Transactions, including the merger. No further action by any other WWE stockholder is required under applicable law, and WWE will not solicit the vote of WWE stockholders for the adoption of the transaction agreement or approval of the Transactions, including the merger and will not call a special meeting of WWE stockholders for purposes of voting on the adoption of the transaction agreement or approval of the Transactions, including the merger. For this reason, the accompanying information statement/prospectus is being provided to you for informational purposes only. You are not being asked for a proxy, and you are requested not to send a proxy.
For further information, please read the section entitled “Further Stockholder Approval Not Required” beginning on page 138 of this information statement/prospectus
Q: What are the expected United States federal income tax consequences of the transactions for holders of WWE Class A common stock?
A: For United States federal income tax purposes, the merger and the conversion are, taken together, intended to qualify as a reorganization under the provisions of Section 368(a) of the Code. Assuming that the merger and the conversion will be treated for U.S. federal income tax purposes as a reorganization within the meaning of Section 368(a) of the Code, holders of WWE Class A common stock are not expected to recognize any gain or loss as a result of the merger and conversion.
For a more complete discussion of the United States federal income tax consequences of the Transactions, including the merger, please read the section entitled “Material United States Federal Income Tax Consequences” beginning on page 233 of this information statement/prospectus. Tax matters can be complicated, and the tax consequences of the Transactions, including the merger and the conversion, to a particular holder of WWE common stock will depend on such holder’s particular facts and circumstances. All securityholders of WWE should consult with their own tax advisors to determine the specific United States federal, state, or local or foreign income or other tax consequences of the Transactions, including the merger and the conversion, to them.
Q: Are stockholders of WWE entitled to dissenters’ or appraisal rights in connection with the Transactions?
A: No. Under Delaware law, holders of shares of WWE common stock will not have dissenters’ rights or appraisal rights in connection with the Transactions, including the merger. For more information, please read the section entitled “No Dissenters’ or Appraisal Rights” beginning on page 284 of this information statement/prospectus.
Q: Are there any important risks about the Transactions, including the merger, or WWE’s business of which I should be aware?
A: Yes, there are risks involved. WWE encourages you to carefully read in its entirety the section entitled “Risk Factors” beginning on page 31 of this information statement/prospectus.
Q: Who do I contact if I have further questions about the Transactions, including the merger, or the transaction agreement?
A: WWE stockholders who have questions about the Transactions, including the merger, or the transaction agreement or who desire additional copies of this information statement/prospectus or other additional materials should contact:
Attention: Investor Relations
World Wrestling Entertainment, Inc.
1241 East Main Street
Stamford, Connecticut 06902
Telephone: (203) 352-8600
UFC News
UFC Australia
"Chinese middle class is going to change the world"
James Packer says man-made attractions important
Mr Packer owns casinos in Melbourne, Perth and Macau
Sydney's The Star already attracting high roller VIP's
Non Packer casino and resorts also want in on the action
"Chinese middle class is going to change the world"
James Packer says man-made attractions important
Mr Packer owns casinos in Melbourne, Perth and Macau
Sydney's The Star already attracting high roller VIP's
Non Packer casino and resorts also want in on the action
Gaming and Tourism Biz Flashback
Australian tourism may be saved by Chinese middle class to large casinos
Gaming Biz Flashback
Gaming Biz Flashback
Sunday night's 60 Minutes report 'Packer's punt' got tongues wagging and telephones running hot across Australia - Melbourne and Perth (both home to existing Packer casinos) and 'Sin City' Sydney (site of the Barangaroo development).
Australia's flagging tourism industry can be saved by attracting the Chinese middle class to large casinos, Crown Limited chairman James Packer told the Nine network.
Mr Packer said recognising the Chinese middle class was as important as recognising the internet.
"It's like saying how big a deal is the internet," Mr Packer told his former business co-hearts Channel Nine.
"The Chinese middle class is going to change the world."
He advised Australia cannot rely on its natural beauty alone, because people are more drawn to man-made attractions.
"A lot of the Chinese tourists like man-made attractions as well as natural attractions," he said.
"We need to have better hotels, better restaurants, better shopping."
Mr Packer gave the United States as an example of how man-made attractions win over natural ones.
"Las Vegas gets 40 million people a year," he said.
"I think maybe the greatest natural attraction is the Grand Canyon. It's a half-hour drive from Las Vegas but gets about three million (visitors) a year."
Mr Packer owns casinos in Melbourne, Perth and Macau.
He also pointed out that casinos in The Philippines were doing well and contributed greatly to that country, and that he didn't currently have any casino interests there.
He said he was keen to secure a tables-only Sydney casino complex at Barangaroo to bring in more Chinese tourists.
Responsible Gambling Awareness Week started yesterday and the NSW Government is encouraging problem gamblers to seek help.
Casino King James Packer really aiming for Echo Entertainment...
Gaming analysts believe billionaire James Packer would consider offloading some of Queensland's casinos if he is successful in acquiring the Echo Entertainment Group.
Greg Fraser, a senior analyst at Fat Prophets, said that Mr Packer's real goal in his expected takeover tilt for Echo was to snatch the scandal-plagued Star Casino in Sydney and merge it into his Crown group.
Cairns casino targeting Chinese tourists: Packer's Crown not the only option for Chinese punters...
The famous Pullman Reef Hotel Casino in Cairns is not letting gaming tsar James Packer have all the action when it comes to attracting cashed-up Chinese gamblers to his legal gambling dens.
Mr Packer said the struggling tourism industry could be saved by attracting Chinese middle class visitors to large casinos.
As well, he said many Chinese tourists liked man-made activities as well as natural attractions.
But Cairns casino chief exec Alan Tan said his venue established a China strategy some six years ago.
"I think, while the casino is important, we offer more than just that. The Great Barrier Reef is very important, especially when I talk to the Chinese who say they like to see the Reef and in the evening they like to enjoy time in the casino as well," Mr Tan said.
Tourism Tropical North Queensland chief executive officer Rob Giason said the casino was part of the overall experience for Chinese holidaymakers.
Cairns Airport chief executive officer Kevin Brown said the casino complemented other activities the Chinese tourists wanted to experience, including dining, shopping and cultural activities.
Casino marketing executive manager Richard Porter said its China strategy included the relocation of Cafe China restaurant to the casino, Chinese language signage and information.
He said casino reps frequented China at least six times a year, worked closely with inbound operators and leading Chinese businessman Harry Sou.
Mr Porter said when China Southern Airlines started flying to Brisbane the casino experienced a "giant leap forward" in Chinese visitors.
So there you go... Packer is far from the only switched on casino and gambling baron. It's going to be mighty interesting to see how Pullman's Alan Tan continues to fair in the Australian "casino wars", as Packer continues on his quest to also takeover Echo Entertainment operations, as well as push forward for his greater "Sin City" Sydney ambitions.
It's said "The house always wins" in casino talk, but can the trio of Crown, Pullman and Echo Entertainment all continue to win big time, or is something going to give (like a merger or acquisition)? Stay tuned as we continue to probe for developments.
Australia's flagging tourism industry can be saved by attracting the Chinese middle class to large casinos, Crown Limited chairman James Packer told the Nine network.
Mr Packer said recognising the Chinese middle class was as important as recognising the internet.
"It's like saying how big a deal is the internet," Mr Packer told his former business co-hearts Channel Nine.
"The Chinese middle class is going to change the world."
He advised Australia cannot rely on its natural beauty alone, because people are more drawn to man-made attractions.
"A lot of the Chinese tourists like man-made attractions as well as natural attractions," he said.
"We need to have better hotels, better restaurants, better shopping."
Mr Packer gave the United States as an example of how man-made attractions win over natural ones.
"Las Vegas gets 40 million people a year," he said.
"I think maybe the greatest natural attraction is the Grand Canyon. It's a half-hour drive from Las Vegas but gets about three million (visitors) a year."
Mr Packer owns casinos in Melbourne, Perth and Macau.
He also pointed out that casinos in The Philippines were doing well and contributed greatly to that country, and that he didn't currently have any casino interests there.
He said he was keen to secure a tables-only Sydney casino complex at Barangaroo to bring in more Chinese tourists.
Responsible Gambling Awareness Week started yesterday and the NSW Government is encouraging problem gamblers to seek help.
Casino King James Packer really aiming for Echo Entertainment...
Gaming analysts believe billionaire James Packer would consider offloading some of Queensland's casinos if he is successful in acquiring the Echo Entertainment Group.
Greg Fraser, a senior analyst at Fat Prophets, said that Mr Packer's real goal in his expected takeover tilt for Echo was to snatch the scandal-plagued Star Casino in Sydney and merge it into his Crown group.
Cairns casino targeting Chinese tourists: Packer's Crown not the only option for Chinese punters...
The famous Pullman Reef Hotel Casino in Cairns is not letting gaming tsar James Packer have all the action when it comes to attracting cashed-up Chinese gamblers to his legal gambling dens.
Mr Packer said the struggling tourism industry could be saved by attracting Chinese middle class visitors to large casinos.
As well, he said many Chinese tourists liked man-made activities as well as natural attractions.
But Cairns casino chief exec Alan Tan said his venue established a China strategy some six years ago.
"I think, while the casino is important, we offer more than just that. The Great Barrier Reef is very important, especially when I talk to the Chinese who say they like to see the Reef and in the evening they like to enjoy time in the casino as well," Mr Tan said.
Tourism Tropical North Queensland chief executive officer Rob Giason said the casino was part of the overall experience for Chinese holidaymakers.
Cairns Airport chief executive officer Kevin Brown said the casino complemented other activities the Chinese tourists wanted to experience, including dining, shopping and cultural activities.
Casino marketing executive manager Richard Porter said its China strategy included the relocation of Cafe China restaurant to the casino, Chinese language signage and information.
He said casino reps frequented China at least six times a year, worked closely with inbound operators and leading Chinese businessman Harry Sou.
Mr Porter said when China Southern Airlines started flying to Brisbane the casino experienced a "giant leap forward" in Chinese visitors.
So there you go... Packer is far from the only switched on casino and gambling baron. It's going to be mighty interesting to see how Pullman's Alan Tan continues to fair in the Australian "casino wars", as Packer continues on his quest to also takeover Echo Entertainment operations, as well as push forward for his greater "Sin City" Sydney ambitions.
It's said "The house always wins" in casino talk, but can the trio of Crown, Pullman and Echo Entertainment all continue to win big time, or is something going to give (like a merger or acquisition)? Stay tuned as we continue to probe for developments.
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