Tabcorp Holdings withdrew its AU $1.9 billion bid for Unitab after the ACCC rejected it, claiming that Tabcorp's proposed takeover of Unitab could only pave the way for unhealthy competition in the country's gambling industry.
Continue »Even after withdrawing its Unitab offer, gaming giant Tabcorp Holdings maintains that its total profits for 2006 will increase. Tabcorp's Chief Executive, Matthew Slatter, reiterated the forecast it announced in February - normalized earnings per share growth of between 2-4%.
Continue »ACCC will soon announce its decision over the Unitab bid of gaming giant Tabcorp Holdings. Analysts are saying one gaming giant needs the wagering firm more than the other, while one of the rivals refuses to alter its bid pending the ACCC decision.
Continue »Gibraltar has become the hub of the online gaming industry thanks to their favorable tax policy for casinos. This policy has enabled the companies to offer exceptional benefit packages and has led to an 1,800 employee casino workforce on the tiny island.
Continue »Employees of the MGM Mirage Hotel and Casino nominated their employer for the Freedom Award and indeed they won. According to Jeff Ellis, Chief Financial Officer of Corporate Benefits, the MGM Mirage is very pleased with the recognition.
Continue »Tabcorp has withdrawn its AU$ 1.9 billion bid for Unitab after the Australian Competition and Consumer Commission (ACCC) rejected it, claiming it would not be healthy for the gaming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.
Continue »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.
Continue »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.
Continue »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.
Continue »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.
Continue »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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