Archive for the ‘casinos’ Category
Lady Gaga offered residency at Las Vegas casino
The Palms casino in Las Vegas has offered famous pop star Lady Gaga a residency at the popular Las Vegas casino. Owner of The Palms George Maloof said that after seeing her recently perform he was so blown away by her performance he thinks she is perfect for his casino. Lady Gaga is certainly a performer that would suit the theme of Vegas but whether or not she will accept a residency at a casino I am not so sure. Related articles-
Gala 24 hour casino in Edinburgh knocked back
Plans for a 24 hour Gala casino in Edinburgh have been knocked back. Gala already has a 24 hour casino in Glasgow and Aberdeen so Edinburgh was the next step. The casino was knocked back on the basis that it would lead to anti social behaviour. Local representatives have welcomed the news of the knock back as do most local representatives as casino don’t tend to be a local favorite accept for the gamblers themselves. Related articles-
NBA Player settles gambling debt at $13,000 monthly
NBA star Antoine Walker reaches agreement with 3 casinos almost holding a million dollars in unpaid markers of his. He forfeited the cash he put up as bond to get himself out of jail and agreed to $13k a month until all debts are cleared. Walker was charged with 3 felonies for not paying gambling debts to Planet Hollywood, Caesars Palace and Red Rock Resort. His payments have been based on his current wealth and the fact he is not working if he takes a job in the NBA these payments will go upto £21k a month. He has been warned by the Justic of the Peace Melanie AndressTobiasson that if he fails to make payments he will certainly find himself back behind bars quickly. Related articles-
Administrators called into high roller casino “Fifty”
“Fifty” is a high roller casino in London where the likes of Philip Green gamble along with many other multi million pound tycoons. Recently London Clubs the owner of “Fifty” has been trying to find a buyer and has resorted to telling the members that if no buyer steps forward the club will go into administration.”We have explored and considered all alternatives but it is clear that despite the best efforts of the management the only option is to call in the administrators.” ”The restaurants and bars will continue to trade as usual but for now the gaming operations remain suspended.” London clubs is reported to be asking for a value between £10 million and £50 million. The club opened in 1827 and was where the Duke of Wellington used to regularly gamble. It is an incredible high rollers club with incredible restaurant and underground night club. Unfortunately, the administrators have been called in next week. Related articles-
Poland to possibly ban online casinos
Poland is trying to take a stand against corruption by possibly banning online casinos, a real shame in a country where online gambling is so popular. Prime Minister Donald Tusk wants to ban online gambling and raise taxes on land casinos in Poland. Four members of the government trying to keep taxes at their current level have been kicked out. Tusk has been trying to place the blame for the ills of his party on gambling. Three quarters of the Polish population say the government is full of corruption. Related articles-
Banned card cheat is jailed for tricking his way into casinos
Abdullah Toksoz, a card cheat who has been banned from every casino in the country has been jailed for using false identities to win thousands of pounds in casinos. Over three years Toksoz travelled the country playing in Liverpool, Manchester and London using false Bulgarian and Italian documentation to gain entry into the casinos. He was arrested in Heathrow with thousands of pounds in his pockets, he has been jailed for 16 months after admitting 6 false identities. Judge Anthony Pitts commented “You were determined over a period of three years to use different ID documents that you had obtained, all of them false, to gain entry to casinos, knowing that you were banned as a casino cheat.” “These are very serious offences. There is a persistent period of three years of determined dishonesty.” Toksoz faces deportation once he comes out of jail.
Casino profits turn down in Vegas and Macau
Casino profits have dropped in both Macau and Vegas and there is fear they may not rise by the end of the year. Wynn resorts has disappointed investors with a drop in the share price and Harrahs the biggest casino operator in the world has seen a 13.7% drop in quarterly profits. Macau has performed relatively well in terms of casino revenue around March to July of this year but unfortunately that has not lasted. Harrah’s is soon thinking of becoming involved in online gambling but has not yet taken the big step which many online casinos are fearing due to their strength in the world gaming market. Maybe this is the step they need to take to boost revenue. Related articles-
William Hill shares rise 9%
William Hill one of the largest bookmakers in the UK and now a very popular online casino has had a 9% rise in it’s share price. William Hill expects future profits to rise sharply as it cracks down on costs this year and next year. William Hill last month moved allot of its gambling operation to Gibraltar saving the company a huge amount of money in taxes, as did Ladbrokes for the same reasons. “William Hill Online is continuing to make good progress with especially strong growth in sportsbook volumes,” commented William Hill’s chief exec Ralph Topping. Related articles- Ladbrokes and William Hill moving offshore
Las Vegas casino sues gambling scammer
A major Las Vegas casino is suing Allen Stanford over a quarter of million dollars for an unpaid gambling debt. Allen Stanford couldn’t pay his credit at the casino, his payment was returned unpaid by Mellon United National Bank in Miami. Allen Stanford has been accused of a $7 billion dollar ponzi scheme which paid for his luxury lifestyle including private jets and luxury homes in the Caribbean and US. In February all Stanfords assets were seized and he was left with nothing. He is denying any unlawful activity. Related articles- Banned card cheat is jailed for tricking his way into casinos
James Packer seeking new US casino acquisitions
James Packer has raised almost $769 million selling private assets according to a citigroup analyst. Packer sold a 21% stake in manager challenger Financial Services Group, a $50 million office building and the families Australian cattle ranches for $425 million. What he is going to invest in is unclear at the moment but certainly looks likely to be a US casino acquisition. Las Vegas has had a very bad time financially so Packer can pick up some great investments for very cheap there. Las Vegas has seen a drop of 15% in casino revenue in the 12 months up until June according to the Nevada Gaming Control board. Related articles-
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