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Thu, 06 Aug 2009 00:00:00 +0000 http://www.calidagaming.com/news/fullnews.php?news_title=Fontainebleau+Casino+out+of+Bankruptcy+Court+and+into+Federal+08-06-2009 http://www.calidagaming.com/news/fullnews.php?news_title=Fontainebleau+Casino+out+of+Bankruptcy+Court+and+into+Federal+08-06-2009 Fontainebleau Casino out of Bankruptcy Court and into Federal Thursday 6th August 2009. Banks involved in the Fontainebleau Casino development bankruptcy hearing have had a motion agreed by a Miami Judge to remove the case from bankruptcy court. The case stems from a law suit filed by Fontainebleau Resorts, the project's developer accusing the financing banks of backing out of an agreement to provide a loan of $770 million. The banks involved will now have the case heard in ... 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The loses have been put down in part to impairment charges and a reduction in gambling due to the global economic crisis. MGM Mirage have said that they have incurred around $0.45 per sha... Thu, 06 Aug 2009 00:00:00 +0000 http://www.calidagaming.com/news/fullnews.php?news_title=Donald+Trump+to+show+Las+Vegas+Sands+and+MGM+who+the+real+Apprentice+is+08-05-2009 http://www.calidagaming.com/news/fullnews.php?news_title=Donald+Trump+to+show+Las+Vegas+Sands+and+MGM+who+the+real+Apprentice+is+08-05-2009 Donald Trump to show Las Vegas Sands and MGM who the real Apprentice is Wednesday 5th August 2009. The world of Casino Giants has been a tough one in recent months, Sheldon Adleson’s Las Vegas Sand Corp (NYSE:LVS) has recently posted a second quarter loss, and MGM Mirage (NYSE:MGM) are looking for $400 million to get through the tough times. Steve Wynn (NASDAQ:WYNN) is fairing a little better and although his Macau empire has just reported a 23% decline in the second quarter ... Wed, 05 Aug 2009 00:00:00 +0000 http://www.calidagaming.com/news/fullnews.php?news_title=Casino+Wynn+Macau+2nd+quarter+figures+down+24+percent+08-05-2009 http://www.calidagaming.com/news/fullnews.php?news_title=Casino+Wynn+Macau+2nd+quarter+figures+down+24+percent+08-05-2009 Casino Wynn Macau 2nd quarter figures down 24 percent Wednesday 5th August 2009. Wynn Macau has reported it’s second quarter figures and has shown a drop in earnings of 24.5% at $117.2 million US compared to $155.2 million for the second quarter 2008. Wynn Resorts (NASDAQ:WYNN) has the ongoing development cost’s of the Wynn Encore resort in Macau which is expected to be open in the first half of 2010 and will comprise of 400 luxury suites and four private villas. The Wynn E... Wed, 05 Aug 2009 00:00:00 +0000 http://www.calidagaming.com/news/fullnews.php?news_title=Casino+MGM+Mirage+and+Pansy+Ho+08-04-2009 http://www.calidagaming.com/news/fullnews.php?news_title=Casino+MGM+Mirage+and+Pansy+Ho+08-04-2009 Casino MGM Mirage and Pansy Ho Tuesday 4th August 2009. Just like other casino operators, MGM Mirage (NYSE:MGM) are battling through the current global economic crisis in a bid to lower its debt and keep its  business, both currently operating and new developments under construction flowing. MGM Mirage are one of the world leading, highly respected  gambling and entertainment companies. Their property and business portfolio covers Las Vegas, New Jersey, Mississippi, Illinois a... Wed, 05 Aug 2009 00:00:00 +0000 http://www.calidagaming.com/news/fullnews.php?news_title=Genting+Bhd+Singapore+casino+to+open+early+08-04-2009 http://www.calidagaming.com/news/fullnews.php?news_title=Genting+Bhd+Singapore+casino+to+open+early+08-04-2009 Genting Bhd Singapore casino to open early Tuesday 4th August 2009. Following a recent visit to the site in Singapore, CIMB Investment bank has said that it expects the new Genting Bhd (GENT:Kuala Lumpur Stock Exchange) Casino and resort in Singapore to open before the end of 2009 increasing first year earnings to S$690, this is more than double the original forecast. The revised time table is due to “a quick pace of construction” The estimated development cost for the proj... Tue, 04 Aug 2009 00:00:00 +0000 http://www.calidagaming.com/news/fullnews.php?news_title=Las+Vegas+Sands+Corp+gets+boost+from+Macau+revenue+rise+08-04-2009 http://www.calidagaming.com/news/fullnews.php?news_title=Las+Vegas+Sands+Corp+gets+boost+from+Macau+revenue+rise+08-04-2009 Las Vegas Sands Corp gets boost from Macau revenue rise Tuesday 4th August 2009. July has been a good month if you own a Casino in Macau, the figures have been released and show an increase of 3.1% for Gaming revenue in July. JP Morgans Joseph Greff said in a client note “ The July results were likely helped by the waning of swine flu concerns” Greff continued and explained why he favors Las Vegas Sands Corp (NYSE:LVS) “ due to a likely announcement to a path of improving l... Tue, 04 Aug 2009 00:00:00 +0000 http://www.calidagaming.com/news/fullnews.php?news_title=William+Hill+PLC+abandon+the+UK+for+Gibraltar+08-04-2009 http://www.calidagaming.com/news/fullnews.php?news_title=William+Hill+PLC+abandon+the+UK+for+Gibraltar+08-04-2009 William Hill PLC abandon the UK for Gibraltar Tuesday 4th August 2009. William Hill PLC (LSE: WMH) have finally laid to rest what we all knew weeks ago, in a press release this morning they have announced that they are moving their online business lock stock and barrel to Gibraltar. This will come as no surprise to anyone in the industry as it was simply not economically viable for William Hill to remain in the UK. The tax rates levied by the UK government have all but forced Wi... Tue, 04 Aug 2009 00:00:00 +0000 http://www.calidagaming.com/news/fullnews.php?news_title=Casino+Las+Vegas+Sale+08-03-2009 http://www.calidagaming.com/news/fullnews.php?news_title=Casino+Las+Vegas+Sale+08-03-2009 Casino Las Vegas Sale Monday 3rd August 2009. In the wake of the global credit crisis and economic downturn, Las vegas is slashing hotel prices and room rates in a bid to bolster the ever declining level of tourism the city is currently experiencing. Las Vegas depends heavily on tourism and many of its top hotels, resorts and tourist destinations are showing massive decreases revenue  compared to last year. Wynn Resorts LTD posted a 91% drop in profits compared to last year.... Tue, 04 Aug 2009 00:00:00 +0000 http://www.calidagaming.com/news/fullnews.php?news_title=Casino+MGM+Mirage+look+to+improve+before+IPO+08-03-2009 http://www.calidagaming.com/news/fullnews.php?news_title=Casino+MGM+Mirage+look+to+improve+before+IPO+08-03-2009 Casino MGM Mirage look to improve before IPO Monday 3rd August 2009. Following in the footsteps of Las Vegas Sands Corp and Wynn Resorts, who are both currently exploring IPO's for their Macau business's, MGM Mirage may consider doing the same when earnings improve. MGM Mirage refinanced debt in May and have removed the risk of bankruptcy. They are now looking to capitalize on their Macau business. MGM Grand Macau produced 5% of their 2008 revenue. Which is in stark comparison... Mon, 03 Aug 2009 00:00:00 +0000 http://www.calidagaming.com/news/fullnews.php?news_title=Online+Casino+Bonus+from+Go-Casino+for+American+Players+08-03-2009 http://www.calidagaming.com/news/fullnews.php?news_title=Online+Casino+Bonus+from+Go-Casino+for+American+Players+08-03-2009 Online Casino Bonus from Go-Casino for American Players Monday 3rd August 2009. The financial world has been in meltdown, the markets have suffered and the economy of so many countries is being reset. The world is a very different place than just 18 months ago. You would not therefore expect to be able to get a $20,000 Bonus from an Online Casino, especially if you are a US Player. Usually being based in America means you don’t get the best there is in the world of Online Gambli... Mon, 03 Aug 2009 00:00:00 +0000 http://www.calidagaming.com/news/fullnews.php?news_title=888+Casino+and+Poker+release+figures+08-03-2009 http://www.calidagaming.com/news/fullnews.php?news_title=888+Casino+and+Poker+release+figures+08-03-2009 888 Casino and Poker release figures Monday 3rd August 2009. 888 Holdings, the parent company of 888.com has today released it’s 2nd quarter figures. The figures show a strong rise over the first quarter of 2009 but do show a quite significant drop when compared to the same period during 2008. The headline figures are a total operating income for the 2nd quarter of $61 million. This shows a drop of 7% over the same period during 2008. The split between B2C and B2B show a drop ... Mon, 03 Aug 2009 00:00:00 +0000 http://www.calidagaming.com/news/fullnews.php?news_title=Casino+Las+Vegas+Sands+seek+%24400+million+08-03-2009 http://www.calidagaming.com/news/fullnews.php?news_title=Casino+Las+Vegas+Sands+seek+%24400+million+08-03-2009 Casino Las Vegas Sands seek $400 million Monday 3rd August 2009. Las Vegas Sands Corp is currently looking for $400 million in short term funding to ensure safe passage through the economic crisis and maybe restart construction in Macau. Las Vegas Sands Corp is planning to sell convertible bonds with a coupon as high as 16% to hedge fund and pension fund managers. The sale of bonds is linked to plans to raise $2.5 billion in a Hong Kong IPO of the company's Macau Unit next year... Mon, 03 Aug 2009 00:00:00 +0000 http://www.calidagaming.com/news/fullnews.php?news_title=Pittsburgh+Casino+covers+all+its+bases+08-03-2009 http://www.calidagaming.com/news/fullnews.php?news_title=Pittsburgh+Casino+covers+all+its+bases+08-03-2009 Pittsburgh Casino covers all its bases Monday 3rd August 2009. With changes in legislation and more and more American states embracing gambling as a way to reduce the budget deficit.  Pittsburgh seems to be taking a pro active view to the possibility of problem gambling. Problem gambling will most likely affect less that 5% of the Pittsburgh population, but the new Rivers casino and the City itself would prefer it happened to no one and are offering ways to prevent and treat p... 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Sun, 02 Aug 2009 00:00:00 +0000 http://www.calidagaming.com/news/fullnews.php?news_title=Las+Vegas+Casino+files+for+Bankruptcy+07-30-2009 http://www.calidagaming.com/news/fullnews.php?news_title=Las+Vegas+Casino+files+for+Bankruptcy+07-30-2009 Las Vegas Casino files for Bankruptcy Thursday 30th July 2009 In the wake of the global credit crisis and current economic climate, the gambling industries latest victim has emerged. Station Casino’s Inc filed on tuesday for bankruptcy protection. Station Casino’s Inc was founded in 1976 and focused its expansion on catering to local people who lived and worked in the Las Vegas area. Its western themed properties like Goldrush Casino, being marketed towards the... Fri, 31 Jul 2009 00:00:00 +0000 http://www.calidagaming.com/news/fullnews.php?news_title=NFL+Delaware+Sports+Betting+suit+has+to+fail+07-29-2009 http://www.calidagaming.com/news/fullnews.php?news_title=NFL+Delaware+Sports+Betting+suit+has+to+fail+07-29-2009 NFL Delaware Sports Betting suit has to fail Wednesday 29th July 2009. It would appear that the NFL are intent in continuing down it’s path of a very dubious and completely hypocritical law suit against Delaware’s plan to allow Sports Betting. They have followed up Fridays filling with an injunction to prevent the law and betting while the case is being heard. An attorney for Delaware Gov. Jack Markell said the state was intent on moving forward and offering some form of s... Thu, 30 Jul 2009 00:00:00 +0000 http://www.calidagaming.com/news/fullnews.php?news_title=Casinos+in+Delaware+agree+tax+deal+07-29-2009 http://www.calidagaming.com/news/fullnews.php?news_title=Casinos+in+Delaware+agree+tax+deal+07-29-2009 Casinos in Delaware agree tax deal Wednesday 29th July 2009. A deal has been struck between the States 3 Casinos and the Horse racing industry to divide the revenue up when Gambling is expanded in April. The Casino Industry has been represented during the negotiations by Ed Sutor, the CEO of Dover Downs. The new deal will need to be approved by the legislators and it is expected that they could return for a special session in late August or early September. It is hoped... Wed, 29 Jul 2009 00:00:00 +0000 http://www.calidagaming.com/news/fullnews.php?news_title=Casino+Party+in+Costa+Rica+may+be+ending+07-29-2009 http://www.calidagaming.com/news/fullnews.php?news_title=Casino+Party+in+Costa+Rica+may+be+ending+07-29-2009 Casino Party in Costa Rica may be ending Wednesday 29th July 2009. As reported in the Tico, a Local Costa Rican Paper, the Finance Ministry are about to submit a bill which will levy a 2% tax on on gambling revenue. This Tax when applied to the 46 Casinos and some 300 gambling related business that are based and domiciled in Costa Rica could add up to a very healthy $85 million for the Government coffers. This move is not sitting well with the Casino operators who are cla... 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Wed, 29 Jul 2009 00:00:00 +0000 http://www.calidagaming.com/news/fullnews.php?news_title=Casino+expansion+in+Florida+07-29-2009 http://www.calidagaming.com/news/fullnews.php?news_title=Casino+expansion+in+Florida+07-29-2009 Casino expansion in Florida Wednesday 29th July 2009 The ongoing negotiations between the Governor of Tallahassee and the Seminole tribe have been on hold for the past two weeks, whilst they wait to find out whether or not the House and Senate will modify their current offer. As it stands at the moment, the gambling deal offered to the Tribe allows them formally to operate slot machines and blackjack at their casinos in Southern Florida. The deal also allows the tribe the exclus... Wed, 29 Jul 2009 00:00:00 +0000 http://www.calidagaming.com/news/fullnews.php?news_title=Casinos+Racinos+and+Horse+Racing+07-28-2009 http://www.calidagaming.com/news/fullnews.php?news_title=Casinos+Racinos+and+Horse+Racing+07-28-2009 Casinos Racinos and Horse Racing Tuesday 28th July 2009. Following in the footsteps of numerous other States, Arizona like Ohio, Pennsylvania, New Jersey and many other States are looking to possibly cash in on the lucrative gaming sector, as a way to bolster their flagging local economy in this current financial crisis. Arizona, just like Phoenix are hoping to combine the race tracks within the State with already with casino based gaming, to create Racino’s. So not only will th... 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Mon, 27 Jul 2009 00:00:00 +0000 http://www.calidagaming.com/news/fullnews.php?news_title=Caesars+Palace+still+trying+to+recoup+%2414+million+from+High+Roller+07-27-2009 http://www.calidagaming.com/news/fullnews.php?news_title=Caesars+Palace+still+trying+to+recoup+%2414+million+from+High+Roller+07-27-2009 Caesars Palace still trying to recoup $14 million from High Roller Monday 27th July 2009. What do you do when one of you high roller’s rolls out of control? You take him to court! This is a problem Harrah Entertainment is currently facing. One of their high rolling casino players, Terrance Watanabe, the former owner of Oriental Trading Co., is charged with two counts of theft and two counts of issuing checks with insufficient funds in Clark County, Nevada. Terrance Wa... Mon, 27 Jul 2009 00:00:00 +0000 http://www.calidagaming.com/news/fullnews.php?news_title=Face+the+Ace+Poker+TV+series+already+a+huge+success+07-26-2009 http://www.calidagaming.com/news/fullnews.php?news_title=Face+the+Ace+Poker+TV+series+already+a+huge+success+07-26-2009 Face the Ace Poker TV series already a huge success Sunday 26th July 2009. In a new take on Poker TV programs NBC and Full Tilt Online Poker room have joined forces to create “Face the Ace”. The format for the show is a big departure from the normal “just watch a poker game” TV shows. In a nutshell it is based around 3 challenges. The Contestant has to choose an opponent from behind four smoked glass doors. Behind each one of these doors is a Full Tilt professional Poker playe... Mon, 27 Jul 2009 00:00:00 +0000 http://www.calidagaming.com/news/fullnews.php?news_title=Who+will+own+the+Tropicana+Casino+in+Atlantic+City+07-25-2009 http://www.calidagaming.com/news/fullnews.php?news_title=Who+will+own+the+Tropicana+Casino+in+Atlantic+City+07-25-2009 Who will own the Tropicana Casino in Atlantic City Saturday 25th July 2009. In a further twist in the current legal wrangling surrounding the Casino Industry, Tropicana Casino will be up before the New Jersey Gaming Regulators again next week as part of its new ownership and restructuring. Following its collapse into chapter 11 bankruptcy and having its gaming license stripped in December 2007 the Casino has been bought last week for $200 million by and investment group led by C... Sun, 26 Jul 2009 00:00:00 +0000 http://www.calidagaming.com/news/fullnews.php?news_title=Online+Casino+gives+out+20K+Bonus+to+US+Players+07-25-2009 http://www.calidagaming.com/news/fullnews.php?news_title=Online+Casino+gives+out+20K+Bonus+to+US+Players+07-25-2009 Online Casino gives out 20K Bonus to US Players Saturday 25th July 2009. This has to be the biggest ever Bonus given out by an Online Casino. We at Calida Gaming have been involved in gambling operations for 4 Generations and have never, ever seen anything like this. Go-Casino will match your first 20 deposits 100% up to a massive $1000 every single time. That adds up to $20,000. How can the Casino afford to do it? Well they can as they offer such an exceptional service that t... Sat, 25 Jul 2009 00:00:00 +0000 http://www.calidagaming.com/news/fullnews.php?news_title=Face+the+Ace+%241+million+Poker+TV+show+with+NBC+and+Full+Tilt+poker+07-25-2009 http://www.calidagaming.com/news/fullnews.php?news_title=Face+the+Ace+%241+million+Poker+TV+show+with+NBC+and+Full+Tilt+poker+07-25-2009 Face the Ace $1 million Poker TV show with NBC and Full Tilt poker Saturday 25th July 2009. In true Gladiator style you can now take your Poker to a new level with the Full Tilt and NBC Poker show that debuts on Aug 1st called "Face the Ace". The show takes a new and fresh look at television Poker tournaments with the “Challenge”. How this works is the contestants will select one of the Full Tilt Poker pro’s from behind four smoked glass doors. They will then have... Sat, 25 Jul 2009 00:00:00 +0000 http://www.calidagaming.com/news/fullnews.php?news_title=New+CEO+brings+a+new+dawn+for+Macau+Casino+industry+07-25-2009 http://www.calidagaming.com/news/fullnews.php?news_title=New+CEO+brings+a+new+dawn+for+Macau+Casino+industry+07-25-2009 New CEO brings a new dawn for Macau Casino industry Saturday 25th July In December it will be the 10th anniversary of Macau’s return to China. To mark this it will get a new CEO. As a SAR of China (special administrative region) with its owns laws and governance, up to a point the role of CEO comes during a crisis for Macau’s gambling Industry. During 2008 the Chinese government imposed Visa restrictions on its citizens for travel to Macau. This was believed to be an attempt... Sat, 25 Jul 2009 00:00:00 +0000 http://www.calidagaming.com/news/fullnews.php?news_title=Las+Vegas+Steve+Wynn+shrewdly+looking+at+Hong+Kong+IPO+07-25-2009 http://www.calidagaming.com/news/fullnews.php?news_tit