Best Online Gambling Casinos News - January 2007

Tabcorp Holdings Ltd. Drops Bid After ACCC Rejection
31 January 2007

Tabcorp Holdings withdrew its AU $1.9 billion bid for Unitab after the ACCC rejected it, claiming that Tabcorp's proposed takeover of Unitab could only pave the way for unhealthy competition in the country's gambling industry.

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Tabcorp Maintains Increasing Profit Forecast
30 January 2007

Even after withdrawing its Unitab offer, gaming giant Tabcorp Holdings maintains that its total profits for 2006 will increase. Tabcorp's Chief Executive, Matthew Slatter, reiterated the forecast it announced in February - normalized earnings per share growth of between 2-4%.

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Gaming Industry Awaits ACCC Verdict Regarding Unitab
29 January 2007

ACCC will soon announce its decision over the Unitab bid of gaming giant Tabcorp Holdings. Analysts are saying one gaming giant needs the wagering firm more than the other, while one of the rivals refuses to alter its bid pending the ACCC decision.

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Low Taxes and Huge Incomes Enable Gibraltar to Offer High Stakes to Employees
28 January 2007

Gibraltar has become the hub of the online gaming industry thanks to their favorable tax policy for casinos. This policy has enabled the companies to offer exceptional benefit packages and has led to an 1,800 employee casino workforce on the tiny island.

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MGM Mirage to Accept The Freedom Award on September 21st
25 January 2007

Employees of the MGM Mirage Hotel and Casino nominated their employer for the Freedom Award and indeed they won. According to Jeff Ellis, Chief Financial Officer of Corporate Benefits, the MGM Mirage is very pleased with the recognition.

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ACCC Rejects Gaming Giant Tabcorp Holdings' Offer
24 January 2007

Tabcorp has withdrawn its AU$ 1.9 billion bid for Unitab after the Australian Competition and Consumer Commission (ACCC) rejected it, claiming it would not be healthy for the gaming industry in Australia. Tabcorp disagrees with the ruling, but will not appeal or challenge the ACCC decision.

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Southland Park Will Hire Additional Manpower to Operate Video Gaming Machines
23 January 2007

Southland Park's proposal of adding 900 video gaming machines will require additional manpower to help run the enhanced facility. Before the casino opens, 250 jobs are to be filled through a series of job fairs on August 29th and 30th.

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Net Entertainment Releases New Online Gaming Module For Web Casinos
17 January 2007

A new online platform, CasinoModule, was released on January 12, 2007. Aside from Roulette, CasinoModule can also run slots, scratch tickets and mini-slots on its system which is designed to integrate into new or existing websites.

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Backers of Beloit Casino Prepared to Take Case to Governor in Next Round
16 January 2007

Officials and the community of Beloit are backing the proposed casino in their community, which will provide jobs in the community and boost the economy. They plan to prove their case to the governor, who is one of the final blocks the proposal has to face.

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UIGEA Influence on Recent Developments in the International Online Gambling Industry
15 January 2007

While the UK and Spain continue to expand their online gambling potential, Turkey makes an effort to restrict its own gambling sites. These developments may very well reflect the far-reaching influence of the UIGEA.

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Harrah's Casino Hotel CEO Tim Wilmott Resigns
08 January 2007

Tim Wilmott, Harrah's CEO filed his resignation on December 29th. Wilmott is the third Harrah's executive to resign just one week following the recent takeover by two private equity firms.

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