Paulson & Co, the US based hedge fund run by John Paulson looks likely to sell its 10% stake in Harrah’s Entertainment, according to official reports filed yesterday with the Securities and Exchange Commission (SEC).
Paulson & Co acquired a 10% stake in Harrah’s Entertainment only 3 months ago and the move to sell so quickly [...]
Tags: Harrahs Entertainment
Microgaming, the leading supplier of online gaming software, have announced that they are to release a slot version of the Oscar winning movie ‘Lord of the Rings: The Fellowship of the Ring’.
The release comes almost a year after an agreement was reached with Warner Bros, which licensed Microgaming to produce online slots games based on [...]
Tags: movie pokies, online pokies
IGT, the gaming machine manufacturer have announced the launch or 4 new games at the Australian Gaming Expo (AGE) that it hopes will help it enhance its presence in the lucrative Australian market.
The IGT booth at the AGE exhibition which has taken place this week at the Sydney Convention Centre has proved a hit with [...]
Tags: aussie pokies, Australian gambling, IGT, Pokie manufacturers
Tabcorp Holdings have announced a change in strategy following a disappointing financial result for 2010 which saw overall profit for the group drop by $52m to $469.5m.
Tabcorp CEO Elmer Funke Kupper has announced a change in strategic direction that will see the group become more of a casino focussed company. In a move away from [...]
Tags: Australian gambling, Financial Results, gaming industry finance reports, Tabcorp
PartyGaming have announced that they are all set for a launch on the Danish market on 1 January 2011, despite not being able to confirm if this will be in partnership with Dankse Spil, the Danish state backed gambling monopoly.
Jim Ryan, PartyGaming’s CEO responded briskly to analysts requests for updates on the Danish market when [...]
Tags: partygaming
PartyGaming, the publicly listed online gaming company, today released their financial results for the fist 6 months of 2010. Total revenue is up 30% to €181m on the same period as last year, a figure that has surprised many industry analysts.
Total EBITDA is also up to €48.1m, a rise of 15%, but the consolidated numbers, [...]
Tags: Financial Results, partygaming
Following the recent announcement that Bally Technologies are to re-enter the Australian market, Aristocrat have announced immediate plans to aggressively defend their dominant position in their home market.
The appointment by the Las Vegas based Bally of two experienced former Aristocrat executives, and their announcement to use the Australian Gaming Expo (AGA) as a launch pad [...]
Tags: aristocrat, aristocrat pokies, aussie pokies, australia, Australian gambling, Bally Technologies
The significance of a recent decision made by the UK Advertising Agency (ASA) appears to have gone unnoticed by many within the online gaming sector. In a move that should be shaking the industry to its core, the decision by the ASA to ban one of Bet 365’s free bet banner offers is good news [...]
Tags: ASA, bet365, free pokies
Bally Technologies, the Las Vegas based gaming company, have announced that they are to enter the lucrative Australian pokies market in a move that will prove great news for Australian pokies fans.
Two new senior appointments have been made by the American organisation. Mike McNee joins as the Managing Director of the new Australian division which [...]
Tags: aristocrat, aussie pokies, australia, Australian gambling, Bally Technologies
The Victorian government has announced the final shortlist of companies that are in the running to win the exclusive rights to provide wagering services to the state’s residents. The shortlist includes Tabcorp, Tatts Group and Ladbrokes who will all be competing for the 12 year state gambling license which comes into effect in 2012.
The license [...]
Tags: australia, Australian gambling
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