Crown Casino And James Packer News, by Greg Tingle - 9th May 2011

James Packer Whacks Another $100 million Into Crown Casino Revamp...

Packer's Crown Ltd is set to disclose details of a $100 million expansion of its gambling operations at Melbourne's Crown Casino as it looks to take its business to the next level.

A Crown Casino powers that be boardroom meeting just last week is understood to have green lighted plans for a new gaming, food and drinking area at the west end of the casino.

The plans are understood to include a new casino targeted at a younger patrons, utilizing the additional gaming table licences made available to the casino after the state government's extension of its overall licence to operate in 2009.

Under the terms of that deal the government extended the number of tables permitted under Crown Melbourne's licence by 150, in exchange for a higher tax on electronic gaming machines.

Via the deal, Crown is paying $132m in extra taxes over four years to raise the number of gaming tables allowed at Crown to a health 500.

"This development will help broaden the appeal of the complex to the growing mass-market," a leak said.

The details of the new project, understood to be valued at about $90m, are expected to be announced in roughly one week.

Crown and its competitor Tabcorp Holdings, owner of Sydney's Star City and Jupiters Hotel and Casino on the Gold Coast, are spending billions on big revamps, with a focus on VIP's and the entertainment dollar.

Packer's Crown is investing more than $300m this year to refurbish the casino in Melbourne and the Burswood casino in Perth. It will invest another $700m in the next two years.

Between 2009 and 2013, it will have invested in excess of $1.5 billion on upgrades and the like.

JP, holding 43% in Crown Limited, advised Rupert Murdoch's The Australian newspaper last March that the investment would be a key focus of the business over the next two years. "To be honest, the cap-ex in Australia has been more expensive than any of us thought it would be. For the next couple of years getting our cap-ex program right in Australia and continuing to see the improvements we are seeing in Macau is the main priority. That cap-ex is vital to help Crown fend off growing competition at home and abroad."

Crown has opened private VIP gaming areas or "salons" and VIP "villas" in its Crown Towers hotel to help combat a drop in its high roller business after last year's opening of two competitor casinos opened in Singapore, the $4.4bn Resorts World Sentosa and $5.94bn Marina Bay Sands, both world class.

It is doubling the size of its premium gaming floor, the Mahogany Room. It has a big presence in the Chinese gaming enclave of Macau through a joint venture with Lawrence Ho's Melco.

Tabcorp is also investing in its Star City in 'Sin City' Sydney and has up and running its first personalised jet service for high rollers.

News of the latest spending comes as speculation continues that Packer may use some "creep laws" in the Corporations Act to boost his interest in Crown Ltd.

Last October, he spent in excess of $200m to increase his interest and has bought more shares since mid-April. "I was happy to increase my shareholding at that time," he said back in March of the October purchase. He was unsure if he would buy more.


James Packer And Late Father Kerry Packer Keen On Whale Hunting...

"Whales" are a special breed of gambler - very big fish. The late, great, Kerry Packer was one himself.

As one might imagine, it makes good sense to do your best for "whales", if your in the casino or larger gambling industry.

The Age newspaper out of Melbourne was lucky enough to get a gander at luxury gaming salons at JP's Crown Casino, and the team down there have done a fine job by all accounts.

The gambling tables have been crafted beautifully, yet are practical. They even boast an exhaust extraction system, allowing "whales" to puff away while gambling at full tilt, stacks of chips... the works.

The Fairfax Media publication went to print with a ripper yarn...

"Kerry rang me up and all I heard was a voice saying, 'What's wrong with the porn in this hotel?'," recalled the well-known Melbourne raconteur. "It's not the real stuff, it's the fake stuff."

Kerry was disappointed with the quality of the late-night programming - the porn. The employee tired hard to explain to the king of the whales that state laws prohibited the distribution of hard-core pornography, and that he would likely go to jail if he started screening it in the hotel. KP explained that his query was not for his own entertainment, of course, but for his high-rollers guests. "He said these high-rollers expect the best of everything." Yeah, porn included. We're not going to get into room service or black books here.

JP Eyes A 'Catch Of The Day' Online Venture...

Likable gambling and media billionaire James Packer looks about ready to buy almost half of the company behind mega popular coupon websites Catch Of The Day and Scoopon, as the tycoon ramps up with the view to penetrate a market sector estimated to make half-a-billion dollars in three years.

Packer is fully expected to announce the details of a deal to buy 40% in the red hot websites next week, reported the Fin Review.

The Aussie firm behind the websites, which Mr Packer’s offer values at $200 million - models itself on a US internet coupon service known as Groupon, which last year amazingly turned down a lucrative $6 billion takeover offer from internet giant Google.

The two websites Catch of the Day and Scoopon offer daily discounts on products or services, which become live after a number of people commit to buying it online.

The news comes a month after Packer’s private equity firm Ellerston Capital was rumoured to be in talks to buy discount e-tailer Deals Direct.

In a strong sign the online coupon biz is becoming red hot, analysts at telecommunications consulting outfit Telsyte at the time said group-buying websites were expected to make half-a-billion Australian dollars in revenue by 2014.

Packer is following the lead of venture capitalists across the globe, who are now cashing in big time via online start-ups at the fastest rate since the internet bubble burst more than a decade back.

In excess of $US5 billion ($4.7 billion) of investors’ money has been spent on internet companies so far this year, according to a study released by Thomson Reuters Deals Intelligence.

Don't leave this dotcom space as we continue to report the news on one of Australia's most liked and respected billionaires and his growing empire.

*The writer is a shareholder in Crown Limited

*Media Man is primarily a media, publicity and internet portal development company

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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".

PartyGaming's igaming 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 WPTCasino.com, Captain Cooks Casino, Virgin Casino, Betfair, PKR and Noble 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 PartyGaming'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 PartyGaming 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.

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PartyGaming CEO Jim Ryan has gone on record advising PartyCasino will 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 PartyGaming, as they do with dozens of other companies in the gaming, igaming, media and entertainment industry.

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PartyCasino News: Flash Prize

Win big prizes in a flash at PartyCasino.com

Starts: 00:00 ET, 26th May
Ends: 23:59 ET, 31st May

PartyCasino.com has introduced Flash Prize - a promotion where instant rewards appear out of thin air in the download lobby.

Flash Prize rewards you for enjoying PartyCasino.com’s thrilling games. Nobody knows when they’ll strike. The only thing for sure is that each one brings exciting and valuable rewards.

Flash Prizes will appear as pops in the lobby. There are two types of Flash Prizes:

Flash Prize Pop - Surprise Gift.
Play as normal and see if a Flash Prize pop with a surprise gift appears. The more you play, the more chances you have of being struck by a Flash Prize surprise gift.

Flash Prize Pop - Game Challenges
Play as usual and see if a Flash Prize pop with a game challenge appears. Make sure you read the instructions carefully when a game play challenge appears. Your game play challenge will only appear once, so take action before you log out or you might miss out on your Flash Prize.

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Casino News Media: Congratulations CAMEEQ8! Gold Mega Jackpot Hit At Nearly $2 Million

CONGRATULATIONS CAMEEQ8! GOLD MEGA JACKPOT HIT AT NEARLY $2 MILLION!; ‘THE BIG ONE’ STANDS AT RECORD HIGH OF OVER $4 MILLION!

Gibraltar – 4th May 2011 – In recent weeks jackpots have been at an all time record high at PartyCasino.com the world’s largest online casino, but the Gold Mega Jackpot has been hit in spectacularly fashion by Cameeq8 who scooped just under $2,000,000 ($1,986,161.61) playing SuperStar!

Cameeq8 described how she won: "I deposited $50 and kept playing until it got to $4,500 and all of a sudden there was this different box pop up to pick six out of nine boxes. I hit two dollar signs and then I saw $1.9 million on the screen. I then told my spouse that there was nothing to get excited about, I hadn’t won that amount. My spouse then left the house to pick up our pizza and now all alone at home I checked my balance and saw $1.9 million dollars! I started screaming with excitement. I am going to pay off debts, provide education for my children, fix my house, travel with my buddies and relax. It’s a dream come true!"

The Gold Mega Jackpot may have hit but The Big One still stands at over $4,000,000 and is waiting to be hit – it’s at an all time high! The Big One is structured as a five tiered pool. The highest tier - Colossal Cash - seeds at $1.5 million, the biggest online jackpot seed in the industry. Games where ‘The Big One’ can be hit include the classic ‘Melon Madness’ and firm favourite ‘Snowbusiness.’

PartyCasino.com has recently introduced a new Gold Jackpot slot game ‘The Sting.’ This hexagon based game has proved very popular and features buzzing busy bees with pleasant stings in its tail with an expanding honeystick wild and free spins! PartyCasino.com has the most frequent game launches in the industry and offers over 160 games, including over 100 slots. PartyCasino.com pays out easily over $10 million EVERY DAY to players.

bwin.party was formed from the merger of bwin Interactive Entertainment AG and PartyGaming Plc in April 2011 to create the world’s largest listed online gaming company.

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PartyCasino.com is the firms most popular gaming brand.

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bwin.party digital entertainment to reveal KPIs - 4th May 2011; bwin.party profile

Online gaming group bwin.party digital entertainment will announce its key performance indicators for the quarter ended 31st March on 6th May.

At 1:08pm: (LON:BPTY) share price was -3.1p at 149.4p.

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Following the merger of bwin and PartyGaming that completed in March 2011, bwin.party is listed on the London Stock Exchange under the ticker: BPTY and a member of the FTSE250 Index. A leader in digital entertainment, they are also the world’s largest listed online gaming business with millions of customers worldwide and pro forma net revenue in 2009 of €696.2 million and Clean EBITDA of €193.7 million. Regulated and licensed in multiple territories including Gibraltar, Alderney, France and Italy, they have around 3,100 employees in offices worldwide.

Online Casino...

Excluding the US, the global online casino market was estimated at $5.1 billion of GGY in 2010 and is forecast by H2GC to reach $8.0 billion by 2015, implying a compound annual growth rate of 9.3%.

Source: H2 Gambling Capital, February 2011

How online casino works...

Casino players play against the house and so player liquidity is not as important for delivering an enjoyable player experience as it is in peer-to-peer games such as poker. The house has a statistical advantage over the player (the ‘house edge’) which varies with different types of casino games. Typical games offered by online casino operators include blackjack, roulette, craps, baccarat, video poker and slot machines.

While player liquidity is less of an issue in casino, scale is important as it means that operators can offer larger jackpot prizes that are a major attraction for casino customers – offering the opportunity to win large amounts with a relatively small bet. At bwin.party we offer some of the largest jackpots on the internet: our Melon Madness slot, which was developed by our in-house team, re-seeds at $1.5 million after the jackpot has been hit. Big jackpot wins paid out on our slots in 2010 included £2.3 million on Sweet Hawaii, £1.8 million on Fire Drake, £1.9 million on Melon Madness and £1.5 million on Snow Business, another of our in-house productions.

Despite playing against the house, casino games can also be multi player. Multi player casino games make it possible for several players to sit around the same virtual table to play and socialise (through online chat features) replicating the experience of a land based casino.

Even though casino games tend to command a greater proportion of ‘high rollers’ than other games, average gross win margins from casino games are relatively stable when compared with other games such as sports betting. This is due to the fact that online casinos tend to operate with appropriate risk management systems in place, avoiding large exposures through hedging or player limits and because they tend to offer a broad variety of different games that are played by a large and diverse player base, thereby spreading any associated risks. The long term profitability of an online casino operator depends on maintaining a large betting volume across its product base whilst managing its risks and controlling marginal costs.

All market data supplied by H2 Gambling Capital, February 2011

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Casino News Media: The Venetian and The Palazzo Las Vegas Kick Off New Alliance With IHG

The Venetian and The Palazzo Las Vegas Kick Off New Alliance With IHG in Unexpected and Extraordinary Ways and Welcomes "The Ellen DeGeneres Show" to Celebrate

Ellen DeGeneres Welcomes Guests and Serves as "Celebrity Concierge" For The Day

ATLANTA, May 4, 2011 - The Ellen DeGeneres Show today helps IHG (InterContinental Hotels Group) and Las Vegas Sands Corp. (NYSE: LVS) celebrate the launch of The Venetian and The Palazzo as the first-ever InterContinental Alliance Resorts. To commemorate this fitting partnership and encourage consumers to start taking advantage of the extraordinary benefits of the alliance, talk show host Ellen DeGeneres welcomed the 'first' InterContinental Alliance Resort guests by serving as celebrity concierge for the day.

The humorous segment airs on The "Ellen DeGeneres Show" Wednesday, May 4th, and will show viewers just how easy it is to start earning and burning IHG's Priority Club points at The Venetian and The Palazzo and global hotel destinations beyond the Las Vegas Strip. As "Celebrity Concierge," DeGeneres welcomed four lucky bachelorettes to check into the newly formed InterContinental Alliance Resorts, and showed them the access and benefits they receive at The Venetian and The Palazzo just by simply being a member of Priority Club Rewards, IHG's guest loyalty program. Ellen gives the bachelorettes the VIP treatment with drinks and dancing by the pool, a relaxing gondola ride and even hit the slot machines. Guests in Vegas were not the only ones to be part of the action; Ellen also surprised the entire studio audience of "The Ellen DeGeneres Show" with a complimentary two-night stay at either The Venetian or The Palazzo.

As InterContinental Alliance Resorts, The Venetian and The Palazzo are now affiliated with the InterContinental Hotels & Resorts global portfolio. They will maintain their brand identity, yet are established as InterContinental Alliance Resorts on property and via various marketing channels, including www.intercontinental.com, where guests can book a suite at The Venetian or The Palazzo, just like they would any other InterContinental Hotel or Resort. The resorts, both of which have earned the AAA Five Diamond rating and a four-star rating from Forbes, are the perfect fit for the InterContinental Hotels & Resorts brand and provide the "in the know" experience that InterContinental guests have come to expect.

"Our guests earn a significant amount of Priority Club points when they're staying at our hotels for business travel," said Eric Pearson, chief marketing officer, the Americas, IHG. Overwhelmingly, they want to redeem those points for a fun and relaxing vacation, and now with InterContinental Alliance Resorts we can offer two-award winning flagship resorts in one of the world's most dynamic destinations."

This new alliance brings together two world-class leaders in the global hospitality industry. It also offers extraordinary benefits to both guests at The Venetian and The Palazzo and to members of IHG's Priority Club Rewards program, the world's largest hotel loyalty program with 56 million members.

"Our guests will now be able to earn points and redeem them for stays at any of IHG's various hotels worldwide, just as Priority Club Rewards and Ambassador Members will be able to use their own points for stays at both of our world-class resort properties. In addition, Venetian and Palazzo guests can also earn Priority Club points on top of our Grazie loyalty program points," said Rom Hendler, chief marketing officer, Las Vegas Sands Corp. "IHG customers will be able to experience the same Five Diamond Award winning service that Venetian and Palazzo visitors have always received. This is an exciting opportunity for all!"

To celebrate this new alliance, from now through the end of the year, consumers also have the opportunity to win an unexpected and extraordinary experience through a unique sweepstakes called "Unexpected. Extraordinary. Yours for the taking!" Each consumer who enters the online sweepstakes at www.ihg.com/lasvegas will be entered into a drawing for their chance to win an extraordinary giveaway each month.

Each monthly prize will include a two-night getaway in the Penthouse Suite at either The Venetian or The Palazzo, airfare to Las Vegas and VIP treatment, plus another extraordinary prize valued between $5,000 and $10,000 to experience in Las Vegas. The prizes will vary each month and include, but are not limited to, the chance to party like a celebrity at Tao and Lavo; private luxury box for four at Lagasse's Stadium(SM) during baseball's Fall Classic; and a culinary experience, featuring some of the award-winning restaurants on-site, including Postrio, CUT, Morels, Pinot Brasserie and Valentino. A full list of prizes can be found at www.ihg.com/lasvegas along with the rules for the sweepstakes which is being carried out by IHG.

About IHG:

InterContinental Hotels Group (IHG) [LON:IHG, NYSE:IHG (ADRs)] is the world's largest hotel group by number of rooms. IHG franchises, leases, manages or owns, through various subsidiaries, over 4,400 hotels and more than 640,000 guest rooms in 100 countries and territories around the world. The Group owns a portfolio of well recognized and respected hotel brands including InterContinental® Hotels & Resorts, Hotel Indigo®, Crowne Plaza® Hotels & Resorts, Holiday Inn® Hotels and Resorts, Holiday Inn Express®, Staybridge Suites® and Candlewood Suites® and also manages the world's largest hotel loyalty program, Priority Club® Rewards with 56 million members worldwide.

IHG has almost 1,300 hotels in its development pipeline, which is expected to create 160,000 jobs worldwide over the next few years.

InterContinental Hotels Group PLC is the Group's holding company and is incorporated in Great Britain and registered in England and Wales.

IHG offers information and online reservations for all its hotel brands at www.ihg.com and information for the Priority Club Rewards program at www.priorityclub.com. For our latest news visit www.ihg.com/media, Twitter www.twitter.com/ihgplc or YouTube www.youtube.com/ihgplc.

About Las Vegas Sands Corp.

Las Vegas Sands Corp. (NYSE: LVS) is the leading global developer of destination properties (integrated resorts) that feature premium accommodations, world-class gaming and entertainment, convention and exhibition facilities, celebrity chef restaurants, and many other amenities.

The Venetian and The Palazzo, Five-Diamond luxury resorts on the Las Vegas Strip, are among the company's properties in the United States. In Singapore, the iconic Marina Say Sands is the most recent addition to the company's portfolio.

Through its majority-owned subsidiary Sands China Ltd, the company also owns a collection of properties in Macau, including The Venetian Macao, Four Seasons Hotel Macao and the Four Seasons-branded serviced-apartments at its Cotai Strip development, as well as the Sands Macao on the Macau peninsula.

SOURCE InterContinental Hotels Group

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