GLG News by Online Gaming Experts
Analysis of:
MERGERS AND ACQUISITIONS: Board backs buyout of Harrah's (www.lvrj.com)
The private equity buyout of Harrahs has been approved by the most important regulator. Other state and tribal approvals will come quickly. This also makes it easier for buyouts of smaller casino companies in the future.
Analysis of:
Internet Poker to be Legalised in US by 2009 (www.igamingbusiness.com)
It's nice to be optimistic. But Congress won't pass, and Pres. Bush won't sign, any bill legalizing Internet gambling during an election year. There are also issues involving online security and states' rights that will take time to resolve. Meanwhile operators, including the biggest, are looking at...
Analysis of:
STRIP vs STRIP (MACAU and LAS VEGAS STRIP) (www.lvrj.com)
Of course there are similarities, but the differences may be of greater importance. Growth in Macau will continue to be as spectacular, for a few years, as it was in Las Vegas in the 1990s, until it, too, will be oversupplied. But California could never require its citizens...
Analysis of:
NETELLER Announces Settlement of US Situation (www.neteller-group.com)
NETeller’s agreement to cooperate fully with US authorities in all matters relating to the ongoing investigations by the United States Attorney’s Office could lead to more charges and fines of other companies. United States Attorney’s Office could go after more companies who were involved in...
Analysis of:
UIGEA Hearing Set for September 4 (www.gambling911.com)
Overturning the UIGEA may see a re-entrance by London traded companies back into the USA market This would subsequently increase the market caps of those companies Overturning the UIGEA would also bolster the WTO case against the USA in regards to internet gambling
Analysis of:
Sony slashes PS3 price tag by $100 (www.cnn.com)
$100 price drop will increase unit volume. New 80 gb SKU comes with a game packed in adding to its value. Price cuts seen early at Target.
Analysis of:
Harrah's Selects Betfair.com as Presenting Sponsor of World Series of Poker(R) Europe (www.financialnewsusa.com)
Growth of poker in Europe mirroring USA Largest-ever union of its kind between an offline and an online gaming company Harrah’s online presence in anticipation of legalized iGaming in USA Once iGaming USA legalized, Harrah’s should see an increase of betting volume in the tune of...
Analysis of:
US Will Legalise Internet Gambling - one day! (www.igamingnews.com)
1.It will prepare investors for the inevitable legalization of gambling in the USA
2.Existing operators need to make their peace with the US Justice Dept and settle prior misdemeanors.
Analysis of:
Hey, What About Magna, Eh? (blogs.wsj.com)
His market is European manufacturers. He's known for not following the crowd. He does things "his way".
Analysis of:
Gaming board fighting 'meritless' appeals (www.post-gazette.com)
The Gaming Board is asking that the court order losing casino applicants to post enormous bonds to continue their suits. This forces courts to decide whether casino openings should continue to be held up.
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