Monday, January 30, 2012

Oliver Speidel Wins 2012 Aussie Millions Main Event Melbourne Native Earns $1,600,000 AUD

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The 2012 Aussie Millions Poker Championship Main Event was the talk of the land based casino and poker world.

With a field of 659 entrants from all around the world turning up at James Packer's Crown Casino in Melbourne, Australia. But in the end the title stayed down under, with Melbourne’s own Oliver Speidel emerging victorious.

The 26-year-old banker was well rewarded for his win, taking home a cool $1,600,000 AUD, a diamond-encrusted gold ring, a Rolex watch, and and Aussie Millions trophy.

The $10,600 no-limit hold’em Main Event began on January 22nd, and went for seven days.

Speidel entered the final table second in chips with 3.415 million, likely feeling confidant in his game after making two final tables already at the 2012 Aussie Millions.

Speidel took the chiplead early on at the final table, and continued from there. By the time that play was four-handed, he controlled more than half of the chips in play. Speidel maintained his lead all the way into heads-up play with Kenneth Wong, of Hong Kong.

Wong started the heads-up battle off with a small comeback, but his ambitions of victory were soon history. The final hand was definitely a bit of a downer, with Wong getting the last of his chips in the middle with 9 hearts and 9 clubs, only to find himself in bad shape against Speidel’s A spades A clubs. The board brought was useless, and Wong was eliminated in second place. For outlasting all but one of the 659 entrants, Wong was awarded $1,000,000 AUD.

Here's the details from the seven-handed final table:

Place Player Earnings (AUD) POY Points
1 Oliver Speidel $1,600,000 2,100
2 Kenneth Wong $1,000,000 1,750
3 Mile Krstanoski $610,000 1,400
4 Mohamad Kowssarie $405,000 1,050
5 Patrick Healy $300,000 875
6 Bjorn Li $230,000 700
7 Yann Dion $170,000 525

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Bwin.Party Digital Entertainment CEO Sees Legal Online Gaming In US Soon

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Legalized online gambling in the U.S. is now a case of 'when', not 'if', Bwin.Party Digital Entertainment PLC (BPTY.LN) Co-CEO Jim Ryan said Wednesday, adding that he expects the foundations to be laid this year.

But speaking at the ICE online gambling conference in London, the co-chief executive advised that establishing it up will take time.

The process of passing legislation, drawing up regulation, vetting and licensing operators will likely last through 2012, he said, and he speculates that actual operations likely won't happen before next year.

Partygaming, which last year merged with Austrian peer Bwin to form Bwin.Party Digital Entertainment, along with other European operators withdrew from the U.S. market in 2006 shortly after then-President George W. Bush signed a bill designed to prohibit U.S. banks and credit card companies from processing payments to gambling websites.

Partygaming paid a $105 million fine as part of a non-prosecution deal with the DOJ (Department Of Justice) in 2009, for admitting indirect contravention of US law, but in anticipation of a relaxation of the rules, Bwin.Party last year inked a joint venture with U.S. casino operators MGM and Boyd to operate online gaming if and when it became legal in the U.S.

Ryan's confidence comes after a recent ruling by the U.S. Department of Justice, which clarifies the scope of the Wire Act, a law that in the past has been used stop online gambling sites. The ruling essentially gives U.S. states the green light to allow gambling within their borders, according to online gambling experts.

Still, Ryan said this doesn't mean the company is in line to recoup any of the $105 million fine.

Bwin.Party and its joint venture partners have already applied for a preliminary suitability review in Nevada which will lay the groundwork for gaining a license there once regulation is agreed.

Ryan also told the press the sale process for its Ongame poker network is very advanced and he expects to be able to announce further news in the not too distant future.

He confirmed recent reports that the company is looking for an executive to head up its payments processing division CQR with a view to ultimately taking it public, but said this was several years away.

He said the company wants to expand its online payments operations outside of the gambling sector to build an online merchant market place, increasing the value of this asset and ultimately realising shareholder value by listing it on the stock market.

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Sunday, January 29, 2012

Aussie Millions At Crown Casino, Melbourne: Phil Ivey Wins 2012 Aussie Millions $250,000 Super High Roller


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James Packer’s Crown Casino continues to host the annual Aussie Millions Poker Championships. Here's the latest on one of the world's most prestigious poker tournaments.

The 2012 Aussie Millions $250,000 Super High Roller commenced on Saturday and went till the wee hours of the morning on Sunday.

Phil Ivey snatched the $2,000,000 first-place prize after defeating Patrik Antonius heads up.

The last live tourney Ivey showed for was back in November for the APPT Macau, but there was no win back then.

First, he placed 12th in the Main Event for $100,000, and then went on to get the largest score of his career by winning the Super High Roller.

The event attracted 16 players, and they all had to buy in with 6 figures - no misprint. The top three spots were set to be paid and a bubble of $800,000.

Among the stars taking part in the event were last year's champion Erik Seidel, last year's runner-up Sam Trickett, Tom Dwan, Jason Mercier, John Juanda and Sorel Mizzi. In addition, the event had a handful of businessmen including Richard Yong, Paul Phua and Winfred Yu.

The first player eliminated was Dwan, who went down at the hands of Gus Hansen. After the elimination of Nick Wong, Seidel busted during Level 5. He exited thanks to $100,000 Challenge winner Dan Smith after his pocket eights couldn't overcome Smith's jacks.

After Yu got out in sixth place and Mizzi in fifth, the largest bubble of the year was set to take place. The two players joining Ivey and Antonius were Daniel Negreanu and Gus Hansen. From that bunch, the only man not doing so well was Negreanu, who turned out to be the bubble boy.

On his final hand, Negreanu was all in from the big blind with the during the 5,000/50,000/5,000 level for around 750,000 after Antonius raised to 100,000 from the button. Antonius called holding two jacks and was able to hold up as the board ran out .

Hansen was the next to go down, collecting $800,000 for his finish after getting all in on the flop with the against Ivey's. Ivey built to full house and then the river completed the board.

When heads-up play began, Ivey held a slight lead with 2.2 million in chips to Antonius' 1.8 million. He won a big pot about 45 minutes into the match to extend his lead to 7:1 before the final hand came up.

Antonius was eliminated in second place. For his runner-up finish, Antonius snatched $1,200,000.

With his win, Ivey leaps over Negreanu into second place on the all-time money list. Even with his long absence from tournaments, Ivey performed awesomely at Aussie Millions. Many think Ivey is the greatest player in the world.

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Saturday, January 28, 2012

PartyCasino Wins Media Man 'Online Casino Of The Month' Award

PartyCasino.com has been awarded the Media Man and Casino News Media "Online Casino Of The Month" award.

Bwin.Party Digital Entertainment's gaming suite has grown a custom to winning awards since they first opened for business in 1997.

The competition for the coveted award was intense again this month with massive bids from both Virgin Casino, PKR Casino and Captain Cooks Casino however there can only be one winner... ladies and gentlemen, that's PartyCasino.com

The award follows PartyPoker's EGR Poker Operator Of The Year and PartyGaming also made the shortlist for EGR Operator Of The Year. Recently Bwin.Party's PartyPoker.com also won the Casino News Media "Online Poker Website Of The Month".

The Media Man - Casino News Media accolade is based on a combination of elements including user experience, innovation, trustworthiness, customer service, gameplay, affiliate program offerings, newsworthiness and company values.

PartyCasino.com is one of a number of Bwin.Party Digital Entertainment brands.

The most popular PartyCasino.com games of late include Heist, Circus, Rambo, Palladium Slot, The Godfather, Sinatra, Slotbox, Call Of Duty 4: Modern Warfare, Mission: Impossible, The Terminator, Cleopatra, Sinatra, Thor, The Incredible Hulk, The Amazing Spider-Man, Monopoly, Resident Evil, Melon Madness, Wheel Of Fortune and Mega Fortune Wheel.

The PartyCasino.com jackpot is currently approaching the $2 million mark. Players can also compete for The Big One and Marvel Hero Jackpot, playing the Marvel super hero themed online slot games.

PartyCasino's most recent game releases include Shaaark! SuperBet, Crocodopolis, Alice's Wonderland, Glamour Puss, Super Cubes, Heist, Palladium Slot and Circus Slot.

Bwin.Party Digital Entertainment Co-CEO Jim Ryan has gone on record advising PartyCasinowill soon feature more Hollywood blockbuster themed slots. A few in the know journalists and media agents have been recently tipped off that an all time classic movie adaption will be showcased in the PartyCasino portfolio within 1 month. PartyCasino has the world's most impressive line up of Hollywood themed games, and more are just around the corner.

PartyCasino.com and PartyPoker.com customers can also benefit from rewards and bonuses via PartyPoints and the Palladium Lounge. Be certain to check out the PartyCasino exclusive "Cash Machine" that is being championed as one of the greatest online casino promos ever.

Media Man, Casino News Media and Global Gaming Directory do have a b2b relationship with Bwin.Party Digital Entertainment, as they do with dozens of other companies in the gaming, igaming, media and entertainment industry.

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World's Biggest Gamblers; History Of Bets At Casinos - Kerry Packer, David Walsh Et Al


Lloyd Williams plays blackjack with the late Kerry Packer at Melbourne's Crown Casino

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Want to try your luck at a casino? ... Land based or online - there's all sorts of options out that, but first here's some real life stories regarding whales aka VIP high rollers at casinos, the racetrack and elsewhere.

PS: how about those Aussies - they will bet on anything won't they. World's biggest gamblers we heard.

Zeljko Ranogajec – Bookies beware! Allegedly, the world’s biggest gambler is an Australian billionaire of Croatian descent. After studying law in Tasmania, Ranogajec got a job in a casino where he learnt the tricks of the trade. Starting with an initial stake of hundreds, he went on to win millions on casino betting before turning his attention to horses. He now employs a full staff to compare odds and find him the best bets, putting around $1 billion a year on races around the world.

Kerry Packer – Staying Down Under, the late Kerry Packer was the media-mogul who was a thorn in Rupert Murdoch’s side – and a prolific gambler. This was the man who would happily walk into casinos and wager millions, supposedly losing $28 million in three weeks of gambling while in London. Another time he lost $15 million on the roulette tables, the staff saying he walked out with "no regrets". However, on his better days he has won up to $7 million in one casino betting session. There’s even a legend that Packer made a bet of $100 million dollars on the toss of a coin, but his opponent backed down.

Akio Kashiwagi – Known as ‘The Warrior’, this Japanese businessman became a casino legend before meeting a violent end. A master of baccarat, he regularly wagered $200,000 a time in US casinos, once winning $6 million in one night. However, he wasn’t always so lucky; he died in 1992 after being stabbed 150 times with a samurai sword while still owing casinos millions.

Archie Karas - Perhaps the most extraordinary of recent legendary streaks is possessed by Mr. Archie Karas, a Greek immigrant, who in 1992-1993 had one of the greatest runs in Vegas history. Starting with a borrowed stake of ten thousand dollars, Archie went on a rampage of poker at Binion's Horseshoe, defeating 15 of the world's greatest poker players in head-to-head competition, including World Champions Chip Reese, Stu Unger, Puggy Pearson, and Johnny Chan. When he ran out of poker competitors, Archie headed to the Horseshoe's craps tables where he won millions more. At one point in his run, Archie possessed all of the Horseshoe's $5,000 chips -- over 11 million dollars worth. When the run was over, Archie was up over 17 million dollars between poker and craps, all at the Horseshoe.

Betfred vs Betvictor – The names behind two of the biggest high street bookies were involved in what may have been the biggest sports betting wager in British history. Fred Done of Betfred fame and Victor Chandler of Betvictor bet on the outcome of the Premier League in 2005. Fred and Victor supported Manchester United and Chelsea respectively, so they wagered £1 million, as you do. It was Chelsea who came out on top and Done paid up in one of the best bets we’ve seen; what could be better than two sports betting giants walking it like they talk it?

Steve Whitely – Arriving by bus with a free ticket to watch racing at Exeter, 61-year-old heating engineer Steve Whitely turned a couple of quid into millions back in March last year. He didn’t bother to compare odds or make an effort to find the best bets, he just used his two pounds to make a Tote bet. A few hours later and he was minted after winning the jackpot when he correctly predicted all six of the winners. So, what is Steve’s sage advice to budding punters who want to win millions? “I like racing, yeah, but I don’t know nothing about it, do I?” Cheers Steve.

David Walsh - Not a great deal is know about this Tasmanian - Australian, but he founded MONA - (Museum of Old and New Art). Australian press has described him in a few colourful ways, such as - "multi-millionaire professional gambler and one of the nation's leading art collectors - dismisses himself as "just a privileged guy with a megaphone". He might be right. But the world is about to discover just how wonderful, disturbing, beautiful and occasionally challenging that megaphone is". In the second year of his science degree at the University of Tasmania, he was asked by friends to develop a model that would enable them to win at blackjack in the nearby Wrest Point Casino. When he discovered that the scope for winning at card games was limited he dropped out of his degree and, for most of the ’80s and early ’90s, spent 100 or more hours per week developing a mathematical model that would enable him and his partners to win at other forms of gambling, especially horseracing. This he now pursues on a large scale in a number of countries. There is a network of people involved in Walsh’s outfit, most notably his business partner of 30 years, Zeljko Ranogajec. Walsh met Ranogajec at university where the latter studied law and economics before he too dropped out to pursue a career in gambling. Walsh describes Ranogajec as a “relentless motivator and a loyal friend” who, despite not sharing his interest in art, has provided financial support for his collecting mania “whenever my cashflow dried to a trickle”. As Walsh inelegantly puts it: "I am throwing the shit, he is happy to be the fan. And he doesn’t even like the shit."

Other names whose win/loss positions move in the multiple millions in a single night include Malaysian tycoons Tan Sri Lim Kok Thay and Quek Leng Chan, Indonesia’s Putera Sampoerna, and Hustler founder Larry Flynt.

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Friday, January 27, 2012

Virgin Bingo launches brand new advertising campaign

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James Packer and Richard Branson

Wednesday 25th January, 2012: Virgin Games, the leading online gaming company, has launched a brand new television advertising campaign for its bingo site – Virgin Bingo.

The latest advert is part of a £500,000 marketing campaign to run in the first quarter of 2012. It is a new concept for Virgin Bingo and is a departure from its previous animated advertisements. The new ad takes on a Willy Wonka meets Virgin theme. Staged in an imaginary factory where Virgin Bingo is made, a woman is taken on a backstage tour of the fantastical premises where Oompa-Loompas have been replaced by happy, dancing Virgin staff. The new commercial also introduces Virgin Bingo’s new welcome bonus: “Deposit £10 and play with £35”, as well as new exclusive Virgin Group prizes.

The campaign focuses primarily on women aged between 25 and 54 - the core target market for online bingo - with day time scheduling on channels such as Five, a range of Sky UK and ITV digital channels.

The 30 second advert was produced by ABF Pictures with Manning Gottlieb OMD acting as media planners and buyers. The advert is scheduled to run for multiple campaigns throughout the year across both terrestrial and freeview channels.

Simon Burridge, CEO of Virgin Games, commented: “This new advert has a flavour of Willy Wonka for adults about it. It has lots of energy, excitement and fun – just what consumers have come to expect from a Virgin advert.

“We first advertised Virgin Bingo on TV in 2010 and have witnessed fantastic customer acquisition rates as a result. We’ve found that TV advertising is a natural fit for bingo. Consumer trust and a sense of security and familiarity are very important attributes for a bingo brand. Being part of the Virgin brand helps to reassure customers that they are playing with a reputable company, while TV ads raise awareness of our existence and help to reinforce that trust and brand awareness.”

Matt Barraclough, Creative Director at ABF Pictures, commented: “We were thrilled to have the opportunity of working with the Virgin Games team. A brand like Virgin allows us to think bigger and look at online bingo in a different way. We wanted to stand out from traditional bingo commercials and do it in a very Virgin way.

“The commercial itself was produced over three months. The action was captured on green screen and the entire factory backdrop was then created using 3D modelling and animation. The inspiration for the advert was the core Virgin brand values: Fun, Value for Money, Innovation, Quality, Competitive Challenge and Brilliant Customer Service. We combined these values and used iconic Virgin styles to create an exciting and memorable advert.”

Founded in 2004, Virgin Games has over 1,000,000 players and over 295 games on its site. Through the introduction of a custom built Virgin Games platform in 2008, Virgin Games seeks to provide its players with the widest possible choice of casino games.

*Sorry, Virgin Games does not currently accept U.S, Canadian, New Zealand or Australian players. See World Casino Directory.


Arnold Schwarzenegger and Richard Branson

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Thursday, January 26, 2012

PartyCasino VS Virgin Casino iGaming "war" continues

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PartyCasino.com - Accepts Canadian, Australian and New Zealand players. PartyCasino new players get up to $3000 sign up bonus. Bwin.Party Digital Entertainment is the world's largest and most succesful igaming company.

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Wednesday, January 25, 2012

Casino News Media - Media Man - Global Gaming Directory - News Update - 25th January 2012

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Clubs relieved over pokies backflip...

Clubs across the New South Wales mid-north coast are breathing a sigh of relief after the Gillard Government dumped Andrew Wilkie's pokies reform deal.

Instead of the independent MP's nationwide plan, the Commonwealth has proposed a two-year trial on the pre-commitment technology in the ACT.

The trial in the ACT will begin next year, ahead of possible national rollout in 2016.

The president of Clubs New South Wales for the far north coast and Clubs Taree, Carl Guy, says it will be a good way to test the effectiveness of the system.

"The costs are exorbitant on Wilkie's proposal," he said.

"Our club here [Taree] we'd be talking about $2.2 - 3 million.

"The end result of the trial will determine ... which system they will use and how much it'll cost.

"Irrespective it will cost clubs money to put these systems in which means changing the current machines."

Mr Guy says the trial will reveal the problems that regional clubs across the nation had been complaining about.

"Anything is better than what was proposed by Wilkie," he said.

"A trial, I think, will bring out the issues that the general public and a lot of people don't understand, the ramifications and the good that the clubs do for the community.

"It's just had such a flow-on effect, it was just disturbing for all directors right throughout the industry to think what is the next step."


E-gaming barrier is lifted in U.S...

The U.S. Department of Justice recently decided that the 1961 federal Wire Act only applies to sports-related gambling. This is huge news for the potentially lucrative state-sanctioned online gaming industry. It could pave the path for agreements between legal gaming states or internationally, claims renowned gambling legal expert I. Nelson Rose.

He writes that this virtually eliminates federal anti-gambling statutes. Multi-state lotteries have existed for years, and in any case federal law does not consider poker a lottery. The only laws left are those that go after organised crime, but that requires there be another legal violation.

With intra-state games like legalised poker, many other states may eventually allow some form of online gaming to boost their revenues. That is the main reason why gaming has enjoyed such expansion in the past 15 years.

The key question all operators should ask is: how will it affect us? Will there be opportunities for us to participate in some way? Or will online gaming prove to be a threat similar to home video games, which siphoned off revenues from street and arcade operators after their introduction in the mid-1980s?


OpenBet games update & challenge darts champ Phil the Power Taylor on our stand 5165 at ICE!...

Read on to find out about our latest games releases and the top land-based slots we're converting thanks to our partnerships with Aristocrat, Cool Games & Inspired Gaming

The Hoff
David Hasselhoff, a.k.a. "The Hoff", International Superstar and self-proclaimed King of the Internet, takes you for a spin with this great new game from MX Gaming. "Are you ready to hassle the Hoff? Check out my amazing new slot, packed with pure awesome, and you’ll hear me sing till money pours into your pockets!" The real thrill comes with two highly engaging bonus features: The Hoff Free Spin bonus and The Hoff Walk of Fame bonus. Help the Hoff navigate his high-profile celeb-life-path and make huge winnings along the way. Launching soon.

Geisha
Players have fallen in love with the Geisha, another fantastic game from Aristocrat®, makers of some of the most entertaining slot games in the world. Geisha's original creators developed this popular 5-reel, 20-line game with all the fun, excitement, colours and graphics of the original casino version now available online. Geisha waits for you in her exotic world where dragons roam, lotus flowers bloom, birds soar and majestic mountains touch the sky. Watch Geisha double your wins in the main game feature and even triple them in the free games!

Wicked Winnings II
Ready to get wicked? You'll have a devilishly good time with the online version of this incredibly hot slot game from Aristocrat. Remember, sometimes it's good to be bad - so check out the game that fires up the casino fun no matter where you are! Stick your pitchfork into great features such as Power Pay, for a chance to win 15 free games, and a special respin feature. Wicked Winnings II is the second title we're launching from Aristocrat's comprehensive games portfolio.

Masters Snooker Cashdrop
Having teamed up with renowned sports promoters, Matchroom Sport, Professional Darts Corporation and World Snooker, OpenBet offers a stellar line-up of new casino content including this latest release. Right on cue! Make a break and enjoy the red-hot atmosphere of this stylish slot game. Whether "kissing the pink" or "potting the black", you'll go potty for Masters Snooker Cashdrop. A spot-on game with more than 147 ways to fill your pockets! Are you in the frame?

The Cube
Based on a BAFTA Award-winning ITV1 prime time show on its 4th series, Electracade developed this exciting 20 line slot packed with special effects, 3D challenges based on some of the favourite games from the show and exciting bonus rounds. This game which lets your players take on The Cube is sure to get your players' adrenalin racing and drive incremental revenue to your games site.

Jungle Bucks
Monkey around in the magical world of Inspired Gaming’s latest HD slots game, Jungle Bucks, available online soon thanks to OpenBet and Inspired's partnership. Rich with HD graphics and bonus features, such as Monkey Madness, Rampant Rhino and Lucky Lizard, this game is also progressive-enabled to add jackpot excitement.

Treasure Island
Transport yourself to the magical world of Treasure Island and find the hidden booty to win big prizes. A number one game in the UK and Italian land-based markets, Inspired Gaming's Treasure Island is a bonus feature-rich game with high quality graphics and exciting bonus features. Spin five pirates to win the progressive Chest of Treasure for the ultimate jackpot excitement. Treasure Island is also available in multiple languages and currencies, as with all our games.

Double Dragon
Double Dragon, live and performing well across bookmakers’ retail estates, is coming online due to OpenBet’s partnership with Cool Games. Double Dragon captures the feeling of the Orient with rich graphics and classic casino features players love. The Dragons offer plenty of entertainment, with an innovative awards system rewarding players with free spins, cash awards and mystery bonuses. With beautifully crafted artwork, themed symbols and audio, Double Dragon is a sure favourite.


OPENBET INTRODUCES “THE HOFF” TO CUSTOMERS...

OpenBet Casino unveils new celebrity-branded content with partner, MX Gaming

Fast cars and famous faces meet fame and fortune in the online gaming world as OpenBet announces ‘The Hoff’ as the latest celebrity/big name to join OpenBet Casino. Working in partnership with MX Gaming, OpenBet will launch a fully branded David Hasselhoff slot game and scratchcard that will be available to all customers from early 2012.

Featuring one of the most recognisable faces in television and throughout the world, The Hoff online games will boast a broad demographic appeal with high-octane gameplay, rich graphics and compelling concepts featuring real life imagery and footage of the legendary David Hasselhoff. Aimed primarily at the bingo and casino markets and available in numerous different skins, the main concept of the games will be to help David Hasselhoff’s character along his eternal quest of becoming a millionaire celebrity and will include humorous twists along the way. Various free spins and a super wild feature will also boost player retention and chances of winning the main prize.

Star of iconic shows including Knight Rider, Baywatch, America’s Got Talent and Britain’s Got Talent, “The Hoff”’ and his global appeal will reach fans across the globe and entertain players off air and online. Known as a home to top brands, OpenBet’s leading casino portfolio is looking better than ever. These titles will slot neatly alongside other celebrity games including Baywatch and Hulkamania featuring Hulk Hogan.

David Loveday, Chief Executive of OpenBet, comments; “OpenBet is proud of its leading portfolio of branded content and the introduction of David Hasselhoff’s iconic “Hoff” character is further evidence of the innovative way OpenBet brings interesting content to its customers. The much loved Hoff persona allows OpenBet to bring games that are not only quirky and fun but appeal to a wide range of customers.”

David Hasselhoff, world-renowned actor, singer, producer, enthuses; “The name of the game is to work with the right partners to produce fun and new interesting material. I look forward to working with OpenBet and MX Gaming to give bookmakers, bingo providers and lotteries the opportunity to jump in on the action and rev up gaming audiences far and wide.”

Ike McFadden, Director of Business at MX Gaming, added; "We always look for ways to bring our film and TV experience to the gaming space, but our recent shoot in Hollywood with David was flat-out one of the most fun experiences we've ever had on-set. He's fun, energetic, and the perfect crossover act for the online gaming world."

Fans will have a chance to see him live in an exclusive London engagement 2 March, called “An Evening with David Hasselhoff” where he will debut his new album “This Time Around”.


NYX Gaming Group – providing the buzz at ICE...

NYX Gaming Group, the recently formed software provider incorporating NYX Interactive and NextGen Gaming, to provide a refreshing way to do business at ICE this year.

London, January 19, 2012:

The recent formation of the NYX Gaming Group incorporating Stockholm based NYX Interactive and Sydney’s NextGen Gaming will provide Operators with premium gaming innovation and flexible gaming systems in true partnership. At ICE 2012 not only will the group be showcasing its latest products, but they have enlisted the help of a professional coffee barrister to keep visitors alert during the busy week.

The NYX Gaming Group will be demonstrating several new products, including NextGen Gaming’s newest premium slot title, the 50-line Merlin’s Millions which will soon be available to Operators via new and existing aggregator partners. NextGen are proud of their reputation for delivering exceptional game performance and game longevity that translates into profit for partners and an immersive gaming experience for their players.

Also on show is the new and innovative NYX Bingo product alongside the NYX MOVE mobile gaming system, providing players with the superb functionality of the PC games they’re familiar with on their tablet and mobile devices. Completing the new product offering, ICE will exclusively host the first trade show airing of the group’s Social gaming application which launched in December 2011.

Matt Davey, CEO for the NYX Gaming Group, commented “The tie-up between NYX Interactive and NextGen Gaming creates a refreshing alternative for many Operators and World Lottery Members in the i-Gaming space. We are delighted to be able to showcase NYX innovations alongside new NextGen slot titles at ICE 2012”

Join the new NYX Gaming Group team at ICE on stand 5430.

Web: www.nyxgaminggroup.com

About NYX GG
The NYX Gaming Group has offices in London, Stockholm and Sydney providing flexible gaming solutions to some of the largest World Lottery Association members and gaming operators across the globe. NYX has previously won several awards including “Innovation in Bingo” at the 2010 E-Gaming Review Awards. Both NYX (EMEA) and NextGen (Asia Pacific) have been listed in the Deloitte Technology Fast 500 listings for the respective regions.

NYX Interactive offer a top-level gaming portfolio of gaming products including the leading Bingo solution, built on a fully-flexible account and back office system which supports all parts of an Operator’s business.

NextGen Gaming is the industry’s leading platform agnostic provider of engaging and profitable repeat play Slots, providing entertainment for players and profits for Operators.


Playtech to acquire sportsbook developer...

After purchasing interactive gambling and betting games developer Ash Gaming last month for £23 million, online gaming software designer and supplier Playtech Limited has now agreed a deal to buy the entire issued share capital of Geneity Limited.

Established in 2006, Geneity is an online lottery and sportsbook software provider based in the London suburb of Chiswick and Playtech is set to pay an initial cash consideration of £11 million subject to working capital adjustments with £4 million of this due to be held in escrow for 30 months.

London-listed Playtech stated that a further £4 million will be payable ‘subject to certain agreed deliverables to be provided by Geneity’.

“Sportsbook is often the prime entry point for companies into online gaming,” said Mor Weizer, Chief Executive Officer for Playtech.

“Over the past year the pace of change in the sportsbook segment led us to believe that we needed to acquire experienced developers to immediately give us a market-leading capability. Geneity will deliver a range of features key to Playtech's sportsbook such as in-play betting and a broader range of sports on which to wager.”

Geneity currently has a deal to provide its sportsbook software to Gala Coral Group through to the end of the year while its lottery solution is being utilised by the Health Lottery. Other clients include Betfair and Ladbrokes with the firm reporting unaudited revenues for the year to the end of March of £2.3 million alongside profits before tax of £820,000.

“Geneity is delighted to be joining the Playtech family, the synergies between the respective companies and products are very strong,” said Will Slater, Managing Director for Geneity.
“At Geneity we've created a highly advanced sportsbetting platform with integrated in-play algorithms, per channel pricing and a scalable and modular architecture.

“It's very exciting to be able to offer our sportsbetting platform to a wider audience alongside Playtech's existing best-of-breed products.”


Amaya signs Aristocrat licensing deal...

Server and network-based gaming specialist Amaya Gaming Group has announced that it has entered into a three-year development and licensing agreement with a subsidiary of Australian land-based casino systems supplier Aristocrat Leisure Limited.

Montreal-based Amaya revealed that the deal will allow its Chartwell Technology subsidiary to adapt a number of Aristocrat gaming titles including Wild Panda, Pompeii and Where’s The Gold for use in online and video lottery terminal (VLT) applications.

“The online gaming opportunity is becoming increasingly attractive as a number of jurisdictions around the world are considering regulatory changes that would allow new domestic gaming websites to operate,” said Darcy Krogh, Business Development Vice-President for Amaya.

“This agreement strengthens Amaya’s position by supplementing our existing online gaming content with Aristocrat titles, which are well known among casino customers worldwide.”

Amaya stated that the online titles it will develop based on Aristocrat games are to be subsequently distributed through its virtual and land-based VLT channels.

“Aristocrat’s proven slot content is ideally suited to transition to the online space as our initial titles have shown,” said Gillian Findlay, Online Gaming General Manager for Sydney-based Aristocrat.

“Online gaming is growing rapidly and Amaya’s strong distribution helps expand the reach for our extensive portfolio to more players.”


iGaming Business Wins Best Industry Publication of the Year...

24th JANUARY 2012 (London, UK) - iGaming Business, information provider for the online Gambling Industry, was recognised last night as the Best Industry Publication of the Year 2012 at the International Gaming Awards (IGA). This category is rewarded to the publication that has pushed the boundaries in above-the-line reporting, with innovative special feature highlighting and involving the reader more effectively into the publication.

The organisers of the event explain the merits of the awards 'The International Gaming Awards 2012 is supported and enhanced by well renowned industry insiders as well as gaming clients from all tiers of the gaming world. Listening carefully to the views of gaming clients and industry professionals, we are able to recognise and celebrate the biggest and best charity event of the year with class.'

These awards are bestowed on nominees by expert judges who are deeply involved in the gaming sector, such as the Senior Vice President of Communications/Government Relations at Caesars Entertainment Corp, the Founder and Director of Sportingbet Plc, the Founder & Owner of
PokerScout.com, the Vice President of Public Affairs of the Canadian Gaming Association, the founder of the Interactive Gaming Council (IGC) and many more. This result is a reflection on the readership and scope of iGaming Business magazine.

'Winning was an incredible feeling, especially as we had such worthy competitors for the award.' Explains Alex Pratt, Head of iGaming Business 'But in the end, I'm glad that our efforts to continuously provide the industry with the best analysis, worldviews and high class editorial meant that we came home with the trophy. It makes us as determined as ever to win again next year and keep improving and innovating.'

More information on iGaming Business can be found at www.iGamingBusiness.com


Isle of Man calls renewed...

The Isle of Man government has renewed its calls for potential operators and developers to come forward and declare their interest in applying for the island’s newest casino licence.

The government is due to close its process of seeking expressions of interest for the new casino and five-star hotel on January 31. In previous statements, the government had indicated that hundreds of responses had been received.

“We have been pleased with the number of interesting responses we have received to date,” said John Shimmin, Minister for the Department of Economic Development. “The Isle of Man feels that the time is right to diversify its dynamic and growing economy through the establishment of a permanent hotel and casino resort, providing a further location for gaming activities for residents and visitors alike.”

Tenders submitted will involve consideration by the Department of Economic Development, which will be liaising with Global Betting and Gaming Consultants and the island ’s Gambling Supervision Commission.

“We hope that development of a new hotel and casino will be a catalyst for growing visitor business on the island through the next decade,” said Department of Economic Development Director Tim Craine.


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Monday, January 23, 2012

Pokies argy-bargy waste of time, says Julia Gillard - 23rd January 2012

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PM Julia Gillard is sticking by her decision to pull back from a deal on poker machine aka slot machine reforms, stating there is no point to parliament engaging in political argy-bargy over the issue.

The Prime Minister insists there is insufficient support in parliament's lower house for mandatory pre-commitment, despite her deal with independent MP Andrew Wilkie following the 2010 general election.

Instead the government will fund a trial of the problem-gambling measure across the ACT in 2013 ahead of a possible national rollout in 2016.

The decision has pissed off anti-gambling advocates and Mr Wilkie, who has withdrawn support for the minority Gillard Government.

It is however welcomed by Labor backbenchers who have felt the stress of an awesomely effective campaign war by the registered clubs sector.

Ms Gillard says there is no point in putting Mr Wilkie's measure to the parliament because it does not have the support of the coalition and key crossbenchers.

"We can have all sorts of political argy-bargy and end up with nothing," she told press today.

"Or we could get a piece of legislation through the parliament that will deliver real change."

Other government measures will include limits on ATM cash withdrawals at gaming revenues.

Ms Gillard also flagged the government may be prepared to consider a trial of $1 bet limits on "low-intensity" poker machines.

But she said that measure, proposed initially by Mr Wilkie and backed by the Australian Greens, was the most costly option to address problem gambling.

The Prime Minister has defended the decision to pay ACT clubs at least $37 million to take part in the mandatory pre-commitment trial.

The Government will pay clubs a monthly compensation fee for the year, and is also offering a total of more than $1 million for training, specialist workers and business planning.

It has not ruled out there could be more compensation as the trial is reviewed.

"We need the cooperation of the clubs to have the trial," Ms Gillard said.

"To go down the path ... you don't give them full compensation would equal having no trial."

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Hulk Hogan Pro Wrestling God Tours Casinos; Sports Entertainment News Update, by Greg Tingle

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Sylvester Stallone Hulk Hogan and Vince McMahon

From Bondi Beach, Australia to Japan, Canada, the USA - most of the world knows of Hulk Hogan.

Who can forget the Hulk-A-Mania Australian tour from a few years ago where he feuded with long time rival Ric Flair, and how about the wrestling angle at the then Star City Casino (now The Star), where it appeared at first that Hogan and Flair went at it for real when Flair implied he "had" Hogan's wife "Jennifer", before Hulk did! Now, that would start a fight and boy did the blood flow. The action was so hot that Seven News decided to purchase the video camera footage from the Media Man agency for a considerable sum.

The red did turn to green, as the old wrestling kayfabe saying goes, but not anywhere near as much as the Australian promoter or Hogan would have prefered.

The arena numbers in Australia were on the downside so much that it was largely responsible for TNA Wrestling deciding not to to ahead with an Australian tour.

The only American (or actually global) pro wrestling - sports entertainment company that he since graced Australian shores is the one and only WWE, headed up by promoter genius Vince McMahon. Once in a while Hogan teases a return to the WWE, and the two do have some line of communication. Take note that McMahon has old Hogan rival Flair getting inducted into the WWE Hall of Fame again (with the other 3 Four Horseman members) the night before WrestleMania, so anything can and does still happen in the WWE. Read up on other recent Media Man WWE news for more on that matter.

This writer would like to see Hogan and Flair both become official WWE spokespersons at some point, but if its to be - they need to make the move soon. Father time is ticking away.

Pro wrestling cousin of sorts, UFC from the MMA world is about to hit Sydney, Australia for a third time, but it ain't wrestling. Note, Brock Lensnar from the UFC and pro wrestling world, has left the UFC recently suffering a loss at the hands of Alistair Overeem at the MGM Grand Garden Arena in Las Vegas, USA.

Hardcore pro wrestling fans of the WWF and ECK ilk will likely know this bit of trivia. It was Lesnar that "injured" Hogan's back in 2002 which was the official reason that The Hulk didn't visit down under back then. The back story is that Hogan and McMahon couldn't come to business terms. What's left to say but that's the pro wrestling industry.

Wrestling icon Hulk Hogan was at Speaking Rock Casino and Entertainment Center last week.

Hogan was there for the Micro Championship Wrestling event held at the venue.

Hogan was accompanied by the Nasty Boys, Brian Knobbs and Jerry Sags, as well as Ed Leslie, better known as Brutus "The Barber" Beefcake, the former WWF Tag Team Champion (having held the title with wrestling legend Greg "The Hammer" Valentine).

Micro Championship Wrestling has a show promoted by Hogan on TruTV. The show, which screens as midget wrestling which has been up and running since August. Note we called them midgets, not dwarfs, so haters lay off ok. Some of the wrestlers also like to be called "little people". Whatever, they are full of excitement, talent and fun, and don't mind sharing it with the world.

Australia's Foxtel doesn't currently get TruTV, so we can't enjoy Hogan's midget wrestling show on the box at this stage, but we're hopeful time will change that. Foxtel is going to soon get a new Factual channel, so there's hope yet wrestling fans.

Hogan is the most recognizable figure in the history of professional wrestling from his success in the business since the 1980s. Hogan's also had many of movies and a host of other high profile shows and projects. Hogan's star power even ecliped "Stone Cold" Steve Austin, Gorgeous George (Wagner) and Bruno Sammartino (for you old school wrestling fans out there).

Hogan enjoyed high level feuds with the likes of Andre the Giant, "Rowdy" Roddy Piper, Paul "Mr Wonderful" Orndorff, King Kong Bundy, Jake "The Snake" Roberts, "The Magnificent" Don Muraco, Dwayne "The Rock" Johnson and "Macho Man" Randy Savage.

On the big screen Hogan has starred in "No Holds Barred," "Suburban Commando" and "Mr. Nanny." He has also made appearances in Rocky III and Walker, Texas Ranger. One can argue that current WWE superstars, John Cena, "The Rock" and Steve Austin took off where Hogan finished as far as mixing wrestling and movies. Roddy Piper is widely regarded as the most talented actor that pro wrestling ever produced. From time to time Piper does his famous "Pipers Pit" talk show segment for the WWE as well as helping out a few other smaller wrestling promotions.

Hogan even had his own reality TV show called "Hogan Knows Best.", and it wasn't long before daughter Brooke, did her own "Brooke Knows Best" show.

Hogan became a household name while in Vince McMahon's World Wrestling Federation (WWF), now known as WWE, which enjoyed a live event in Las Cruces, New Mexico on Sunday at the Pan American Centre.

He is currently signed to the Impact Wrestling - Total Nonstop Action wrestling promotion and has a range of business projects on the go including in the TV, gaming, casino and internet b2b sectors.

Recently, Hogan has made headlines on celebrity websites for his divorce, his son Nick's car crash, daughter Brooke's music career and the pending removal of his world famous moustache (to satisfy some Hollywood movie producers).

Other

Ric Flair is almost as famous as long time rival Hulk Hogan, who along with Flair is currently under contract to Impact Wrestling. Most would argue that Flair is one of the greatest pro wrestlers in history, while Hogan has earned more income from wrestling and wrestling related activities than just about anyone else.

* The writer has a b2b agreement with the WWE (WWE Shop)

* Wrestling legend Andre The Giant gets online slot game via Richard Branson's Virgin Casino.

* Hogan recently released his Kinnect-based "Hulk Hogan's Main Event" game which got mixed reviews from the gaming industry. The game promo goes "Get pumped and bring the pain in the first full-body wrestling game on Kinect for Xbox 360! In Hulk Hogan’s Main Event Hulkamaniacs can train with wrestling icon Hulk Hogan himself. As your mentor, Hulk will help you build your own wrestling personality and school you in the art of showmanship to win over the crowd. Entertain roaring fans with brutal stunts, combos, even devastating chair hits, that will knock your opponent to the mat or out of the ring. The crazier and wilder your motions, the more high impact your wrestling performance is in your living room ring!"

* Hulk Hogan is also tipped to be soon getting his own online slot game. His Hulk-A-Mania game is being developed by Endemol Games. Endemol is the company behind the famous Big Brother franchise, so you know they know about marketing and publicity. The Media Man agency is tipped to soon come to business terms with Endemol.

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Sunday, January 22, 2012

PartyCasino News: PartyCasino 5 Star Vegas Dream Ticket

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PartyCasino.com Wins Media Man 'Online Casino Of The Month' Award

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2012 Aussie Millions Day 10: Pedley Wins Event #6; Krost Wins Tournament of Champions

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Animal: "Punk is living out my brother's dream"

Bin Laden Movie Remains Top-Secret, Joel Edgerton Says

PartyGaming, PartyCasino, Bwin Do Deal With Las Vegas Land Based Casinos

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Positive Macau Numbers to Drive Melco Crown Entertainment and MGM Resorts This Earnings Season - 19th January 2012

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Five Star Equities Provides Stock Research on Melco Crown Entertainment & MGM Resorts...

NEW YORK, NY, Jan 19, 2012 - Casino stocks have been on the upswing this week as positive news out of China helped drive shares of gaming companies with a heavy presence in Macau higher. China said its economy grew by 8.9 percent in the fourth quarter, which was slower than the previous quarter. Analysts, however, consider these levels "robust," the Associated Press reports. Five Star Equities examines the outlook for the Resorts and Casinos Industry and provides equity research on Melco Crown Entertainment Ltd. MPEL +0.27% and MGM Resorts International MGM -0.39%.

According to data published by the Macau Gaming Inspection and Coordination Bureau (GICB), gross gaming and gambling revenues in Macau totalled 269.058 billion patacas (US$33.632 billion) in 2011. MacauHub.com reports that revenues in 2011 were an almost five-fold increase on revenues in 2006 (57.521 billion patacas). Revenues also jumped from 189.588 million patacas in 2010.

By the end of 2011, there were 34 casinos in Macau, 20 of which were owned by Sociedade de Jogos de Macau, three by Venetian Macau, five by Galaxy Casino, three by Melco/PBL Jogos (Macau) and one each by Wynn Resorts and MGM Grand Paradise.

A recent article from Forbes helps explain why Macau continues to grow at such a rapid pace. For example, Macau has initiated a series of initiatives to encourage visitors, Forbes reports. The tiny island investing in new transportation links to ease travel for Chinese visitors. Now, a new railway line connects Macau to Guangzhou in China and a new road bridge links it to Hong Kong.

With China's middle class continuing to expand, Forbes highlights an increase in disposable income in China's population, which is driving the growth of mass market in Macau.


Melco seeking Studio City loan...

Local gaming operator Melco Crown Entertainment is in negotiations with banks to try to raise up to MOP 16 billion in debt to fund the development of long-delayed Macao Studio City project.

According to sources quoted by Bloomberg, the Hong Kong-listed company is seeking a loan of around USD 1.5 billion (MOP 12 billion) and will also issue bonds worth USD 1 billion (MOP 4 billion), Reuters adds Melco is currently negotiating with banks to ensure the financing, in case there are not enough takers. The company is about three to four weeks away from hiring banks, sources said.

A source claims the debt will be used to build up Macao Studio City. Last year Melco Crown’s co-chairman Lawrence Ho Yau Lung said the operator would invest USD 1.7 billion (MOP 13.6 billion) in the development of the Cotai project. He added that construction would commence in 2012 and the property may open in 2015.

But there is still no word on whether Studio City will have a casino. On Wednesday the secretary for Transport and Public Works, Lau Si Io, told lawmakers the introduction of a gaming space at the project has not yet been approved.

“And in order to make it a reality, of course, we would need the necessary gaming tables to make the project financially viable for us,” Ho acknowledged last August. The son of ailing tycoon Stanley Ho Hung Sun said he was confident of gaining authorities’ support.

“Before we even undertook investing in the Macao Studio City project, we had dialogue and communication with various levels of the Macau Government and they have been very supportive throughout the way,” Ho said.

Melco and the other five gaming operators all climbed in Hong Kong trading yesterday on expectations they will benefit from more mainland China visitors during the coming Lunar New Year holiday.

“Investors are expecting the footfall in Macau casinos to rise during the Chinese New Year,” said Edwin Fan, an analyst with Bank of China International in Hong Kong, quoted by Bloomberg.
But the holiday period will come too soon for new resort Sands Cotai Central, which will open “between March 22 and 27,” wrote HSBC Global Research’s Sean Monaghan in an investors note.

The analyst, quoted by Macau Business, believes the resort will account for 28 percent of Sands China’s earnings for 2013.


Melco Crown Jumps to Two-Month High in U.S. on Loan Speculation...

Melco Crown Entertainment Ltd. rose to a two-month high in U.S. trading on speculation the Macau casino venture between billionaires Stanley Ho and James Packer is seeking a loan to fund the development of a new project.

American depositary receipts of Melco gained 3.2 percent to $11.18 by 10:41 a.m. in New York, the highest intraday level since Nov. 9. The ADRs, each representing three common shares in the Hong Kong-based company, have increased 6.2 percent over the past three days.

Melco Crown approached banks to finance its Studio City project in the former Portuguese colony city that is the only place in China where public gambling is allowed, according to four people familiar with the matter who asked not to be identified as the details are private. The loan may be about $1.25 billion, two of the people said.

Studio City will be an integrated resort with a “theme and demographic focus” aimed at differentiating it from the company’s existing portfolio of assets, according to Melco Crown’s website. The company is about three to four weeks away from hiring banks, the people said.

Melco Crown’s shares gained 2.2 percent earlier today in Hong Kong to HK$28.15, the equivalent of $3.63 per share. The ADRs are trading at a 2.7 percent premium over the Hong Kong stock.


MGM China Leads Gains in Macau Casinos Ahead of New Year Holiday...

MGM China Holdings Ltd. and Galaxy Entertainment Group Ltd. led gains in Macau casino operators on expectations they will benefit from more mainland China visitors during the coming Lunar New Year holiday.

MGM China advanced as much as 6.9 percent to HK$11.48, the highest intraday level since Nov. 9, before trading at HK$11.38 at 11:34 a.m. in Hong Kong. Galaxy Entertainment climbed as much as 5.8 percent, its biggest intraday gain since Dec. 1.

The week-long Lunar New Year holiday kicks off on Jan 23 and tourists from mainland China tend to boost gambling and shopping revenue in Hong Kong and Macau during that period.

“Investors are expecting the footfall in Macau casinos to rise during the Chinese New Year,” said Edwin Fan, an analyst with Bank of China International in Hong Kong.

Casino revenue in Macau, the world’s largest gambling hub, rose 25 percent in December to 23.6 billion patacas ($3 billion), as Chinese tourists spent more. Chinese gamblers have fueled growth in the former Portuguese colony, where gambling sales have more than tripled in the past four years.

Wynn Macau Ltd. rose as much as 5 percent and Melco Crown Entertainment Ltd. as much as 3 percent.

Sands China Ltd., the Hong Kong-listed unit of billionaire Sheldon Adelson’s Las Vegas-based company, climbed as much as 4.4 percent. SJM Holdings Ltd., Asia’s biggest casino operator by revenue, gained as much as 3.4 percent.


Packer eyes another big investment in Perth casino, as Chinese tourism soars...

Gaming billionaire James Packer is believed to be eyeing another massive investment in Crown's casino in Perth, talking with the state Government about acquiring land for a new hotel and entertainment complex.

According to the Australian Financial Review, Western Australia Premier Colin Barnett is supportive of the idea of another hotel for the listed company.

The report follows the casino group's decisions to change the casino's name from Burswood to Crown Perth, and Packer's comments he wanted to do more build up more attractions such as golf course in the city.

Sources close to the project expect Crown to invest under $1 billion, the paper says.

Housing Industry Association chief economist Harley Dale says commercial has outperformed residential property in the aftermath of the global financial crisis.

"If you were to generalise, you'd say commercial has outperformed there and it's reasonable to take this as another vote of confidence in the medium-term outlook in the WA economy as a whole," Dale says.

Dale says there are signs that hotels, warehouses and the office sector have good growth outlooks, he says.

"At the same time, you seem to continue getting these ticks in the box for aggregate economic conditions in WA, but there are a lot of sectors – such as residential – that are losing out."

Packer last year raised eyebrows by saying Australians over-estimated the effectiveness of their tourism campaigns, and risked ignoring the emerging Asian middle-class.

The Crown Perth plans come as official tourism figures show short-term arrival figures were up 0.8% in the year to November but short-term resident departures soared 8.1% over the same period.

The Australian Bureau of Statistics figures, released yesterday, show that the number of tourists from China rose by 19.7% in the year to November 2011, followed by a 6.3% rise from India, a 3.2% rise from New Zealand and a 1.1% rise from Singapore.

Conversely, tourist numbers from the United Kingdom fell by 6.5%, 5% from the United States, 8.8% from Korea and 9.9% from Japan.


You bet, internet gambling on the rise...

Internet gambling is on the rise, with convenience and accessibility contributing to its popularity, research has found.

The findings follow the largest survey of internet gamblers to date in Australia with more than 6680 people participating in the self-selected, online questionnaire.

Dr Sally Gainsbury, from Southern Cross University’s Centre for Gambling Education and Research, said internet gamblers had significantly more positive attitudes towards gambling.

“People appear to be gravitating towards online gambling because of the availability and the convenience,” she said.

“It can be accessed anytime, anywhere.

“But for people with existing gambling problems, internet gambling may create additional risks.”

Dr Gainsbury said overall the research showed internet gamblers were not more likely to be problem gamblers but they did appear to be at higher risk of developing problems.

She said internet gambling posed particular risks to players; it was constantly available and people could play online in private with relative anonymity.

More than half of the 450 problem internet gamblers responding to the survey said the use of credit cards or internet bank transfers increased the amount they spent compared to less than one in 10 of the 2270 non-problem internet gamblers.

Southern Cross University and the University of Sydney conducted the research.

Anita Hartley at Mission Australia’s North Coast Gambling Counselling Service is not surprised by the research findings.

“Our service is seeing a steady increase of people with online gambling issues and it is a real concern,” she said.

Ms Hartley said she had seen first-hand that it did appear to target the vulnerable.

She said we needed a strong approach to work out sensible safeguards for people, including good government regulation.

“We would encourage the Australian government to take a leading role in influencing the design of global consumer protection standards while online gaming is still in its infancy,” Ms Hartley said.

Internet gambling’s popularity has soared in the past few years with trends indicating an increasing number of people starting to gamble online.

More than half of the survey participants started gambling online from around 2006.

Mission Australia recognises while Australia has a ban on online gaming, Australians can gamble using offshore websites.

“While we do not wish to see a proliferation of online gaming in Australia, we also recognise that a well regulated Australian industry could help to reduce the impact of unscrupulous overseas providers,” Ms Hartley said.

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Packer's Melco Crown eyes $2b in new debt - 19th January 2012


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Casino James Packer Melco Crown City of Dreams Altira Macau Lawrence Ho Gaming Crown Casino Australian Casinos

James Packer’s Melco Crown joint venture, one of the six licensed casino operators in Macau, is looking to raise up to $US2 billion ($1.92 billion) in debt to fund a new project in the former Portuguese colony, according to sources.

Proceeds will finance Melco's plans to build Macau Studio City, a $US2.5 billionn-plus gaming and entertainment resort on the developing Cotai strip, said one source.

The debt funding will feature a loan-cum-bond combo with the loan expected to be for around $US1.25 billion and the US dollar bond for the remainder, according to another source. The borrower is in discussions with banks for the loan financing and is seeking underwritten commitments.

Melco's last visit to the loan markets was in May 2011 when it raised $US1.2 billlion through a dual-tranche financing comprising an $US800 million term loan and a $US400 million revolver. The term loan amortises to 50 per cent and has a two-year grace period. The blended average life is 4.1 years.

ANZ, Bank of America Merrill Lynch, Bank of China Macau, Commerzbank and Deutsche Bank were coordinating lead arrangers and bookrunners on the fully underwritten facility. The deal paid top-level blended all-ins of 208-308 basis points over Libor.

In May 2010, Melco raised $US600 million through an eight-year non-call four global bond paying a coupon of 10.5 per cent.

Melco is a joint venture between Mr Packer's Crown and Lawrence Ho, son of the Macau gaming mogul Stanley Ho. Crown has a 33.4 per cent stake in Melco Crown Entertainment, which runs the Altira Macau and City of Dreams casinos.

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