Casino and Gambling news stories from Jan 2008

Protests can’t stop Angeles City casino, says owner - Monday 28th of January 2008

A casino hounded by protests from school officials and students here cancelled its scheduled opening Friday.But the casino license holder, Emmanuel Jacinto, said it was not because of the protests.Jacinto’s casino is within the city’s school zone....


Credit crunch hits $3B casino project - Monday 28th of January 2008

Nevadas foreclosure crisis claimed a high-profile victim on Wednesday, as investment bank Deutsche Bank took the first step toward foreclosing on the $3 billion Cosmopolitan Resort & Casino project.Developer and owner Ian Bruce Eichner said his compa....


MGM Mirage sets tender price of $80 share - Monday 28th of January 2008

A week ago, MGM Mirage and joint-venture partner Dubai World said they would purchase 10 million shares of the casino operators stock at an inflated price in attempt to boost the companys value on Wall Street.It didnt work.On Wednesday, MGM Mirage sa....


Gambling Ban Sought for Minors - Monday 28th of January 2008

The Ministry of Social Affairs and Health wants a total ban on minors gambling.A working group at the Ministry of Social Affairs and Health is proposing that teens under 18 years of age would be prohibited from playing slot machines, lotto and toto.T....


Critics of Trump SoHo project call for shutdown - Monday 28th of January 2008

The day after a crane accident at the Trump SoHo complex killed one worker and injured three others, some city officials and neighborhood groups said the project should have been shut down completely after a spate of safety violations in recent month....


Dubai World to boost MGM offer-report - Monday 28th of January 2008

NEW YORK, Jan 16 (Reuters) - Dubai World and casino operator MGM Mirage are set to boost their joint tender offer for MGM shares, going after a bigger stake and setting the price at the high end of a previously stated offer, the Associated Press repo....


High court reverses plea in casino chips case - Monday 28th of January 2008

The Missouri Supreme Court ruled Tuesday that defrauding a casino with its own gambling chips is no crime if the defendant doesnt place a bet.Buying chips then exchanging them for an amount higher than face value does not violate the state law agains....


Betting industry urges EU action vs. German ban - Monday 28th of January 2008

Europes online gaming industry filed a complaint with the European Commission on Tuesday, saying Germanys ban on online gambling breaks EU law on the free movement of services. "The European Gaming and Betting Association calls on the European Commis....


Challenge to German gambling ban - Monday 28th of January 2008

Under the law which came into force on 1 January, online gaming and betting are prohibited, although horse racing is allowed. The European Gaming and Betting Association (EGBA) says the ban breaks EU law and is totally impractical. German states argu....


Jeff Simpson agrees with New Jerseys decision not to renew the license of the Tropicana there - Monday 28th of January 2008

Waves from Atlantic City might be felt in VegasIll admit I was shocked by Wednesdays decision by the New Jersey Casino Control Commission to refuse to renew the license of the Tropicana Atlantic City. But after reading the commissions opinion and ord....