Archive for the ‘casinos’ Category
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-
Calvin Ayre set to Speak at Budapest Casino Conference
Calvin Ayre the founder of Bodog and one of the casino industries richest men is set to speak at the Budapest Casino Conference. If you are heading over to the Budapest conference make sure to check out Calvin Ayres speech as this is a rare chance to listen to one of the industries top speakers and casino legends. Although Calvin Ayre is now retired and working with the Calvin Ayre Charity Foundation he is still one of the most knowledgeable characters of the casino industry. Related articles-
Michael Jackson glove sells for $49,000
A white jeweled glove Michael Jackson through to a fan in 1996 has been sold at an auction in Melbourne for £29,900($49,000.) The glove was caught by Music Collector Bill Hibble who has recently died hence his mother putting the glove up for auction. The glove was bought by the Hard Rock Hotel and Casino in Las Vegas. This glove is the first Jackson glove to be auctioned off since his death. Related articles-
Macau casinos took 1.5 billion dollars in August
The casinos in Macau took 1.5 billion dollars in the month of August this year. The month of August was the highest revenue they have ever taken in a month and it was 17% up on last August. Macau’s august figure was triple the Las Vegas strips average monthly casino revenue for the past 12 months to June. The revenues Macau experienced in August was surprising due to the recession but they are expecting a 10% drop in gaming revenues over the whole year.
Girls gone wild owner ordered to pay off gambling debt
Joe Francis, owner of Pornography company “Girls gone wild” has been ordered to pay off his gambling debt to the Wynn casino of £1.2 million. Joe Francis was accused of disrespecting the court when farting while testifying and refusing to say if he had a cell phone, despite answering his phone. Francis also pleaded the firth in court and gave sufficient evidence when asked further questions to do with some hookers he had used during the evening. The case took place in a California kitchen as he cannot leave the state as he is facing an ongoing tax invasion case at the same time.
Legal online casinos in Estonia in 2010
Online gambling will be made legal in Estonia in 2010 but only EU online gambling sites will be allowed. All foreign operators will have to pay a hefty fee to have access to Estonian players and will also have to apply for a license. Estonia is going to enforce strict rules for casino operators to comply with to ensure their gambling license is valid. Estonia legalizing online gambling is a great step for the online gambling industry and hopefully other countries will follow in their wise foot step.
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