HOME NEWS LIVE ODDS SITEMAP
 
 

HOME

NEWS

LIVE ODDS

SITEMAP

LINKS

CALENDAR

Sports Odds And Picks

April 4th General news ... Sports Odds And Picks at sports-oddsandpicks.com

GTECH AND I.G.T. IN ACQUISITION TALKS
2014-06-17

Starting the week off with a bang is the announcement by gambling and lottery supplier group GTECH that it is in 'preliminary' talks with contemporary U.S. firm International Game Technology with the objective of buying the American company.

"This transaction could potentially involve the use of a mix of cash and equity as consideration," GTECH told the Reuters news agency, adding it did not anticipate needing a cash call to fund the acquisition.

GTECH said it had hired advisers to help it in the talks.

In a coordinated response, IGT issued a rather wooly statement advising:

"IGT regularly considers, and on occasion explores, a broad range of strategic alternatives, including but not limited to business combinations, changes to our capital structure and adjustments to our portfolio of businesses, with the goal of maximizing shareholder value.

"The IGT Board of Directors and senior management are currently engaged in such an exploration, but no decisions have been made by the Board regarding any particular alternative available to the Company and there can be no assurances that any transaction or other strategic change will be entered into as a result of the current exploration of alternatives.

"IGT does not intend to discuss or disclose developments with respect to this general subject unless and until the Board has approved a definitive course of action."




ENTWINE TECH TO STREAM LIVE DEALER ACTION FROM A U.K. CASINO
2014-04-08

Live dealer online gambling provider March Madness Challenge Entwine Tech has inked a deal with Birmingham, England's Rainbow land casino which will allow the Philippines-based company to stream live gambling action to online players.
Ian Dunning, a spokesman for Entwine, said Tuesday:
This is a major step forward in Live Dealer gaming and EntwineTech is proud to be the first company to bring this enhancement to the mass market.
"Feedback from our seventy plus operators has been very positive and we expect a huge take up of this product. The live feed from Rainbow Casino will be available to our partners across the globe under our Alderney / FCLRC licences, however due to the current UK online gaming law restriction; we will not serve UK players at this stage."
Rainbow Casino is wholly owned by Double Diamond Gaming Limited, and is the premier casino in Birmingham. Opened in November 2010, the casino is situated in a fully refurbished historic building and offers customers a full range of casino games and amenities.


ATLANTIC CLUB SAGA CONTINUES (Update)
2014-02-26

In a move that is probably now of merely academic interest to the online gambling industry, the losing bidder in the auctioning-off of the failed Atlantic Club Casino has said it intends to seek a re-hearing and review of its bid, which was a million dollars better than that submitted by the winners, Caesars Entertainment and Tropicana Entertainment (see previous InfoPowa reports).
According to a report in the Press of Atlantic City, Sobe Holdings LLC will submit the rehearing request on Monday, and if it is refused the company will take the matter to an appeal court.
Although the Sobe bid was higher, but Atlantic City Chief Judge Gloria Burns felt that the Caesars-Tropicana bid carried less risk.
Sobe disagrees with this assessment, and says that instead of stripping the company and retrenching its employees, it wants to revamp and rebrand the property and re-open it as a going concern.
The company has the necessary experience, as it operates and owns Deauville Beach Resort in Miami Beach, Florida.


WAR OF THE INTERNET GAMBLING POLLS CONTINUES IN THE U.S.A.
2014-02-19

The Adelson-funded Coalition to Stop Internet Gambling recently published the findings of a poll that purported to show that most Americans were not in favour of legalised online gambling (see previous InfoPowa reports), and now the opposing Coalition for Consumer and Online Protections has responded with a poll of its own showing the opposite, perhaps illustrating that polls can often deliver what you want them to.
The Washington DC publication The Hill was among many publications that carried the results of the Coalition for Consumer and Online Protections study, which was conducted by the independent but Republican-leaning North Star Opinion polling firm.
The study embraced a thousand adult Americans nationwide, and included 39 voters from the legalised online gambling states of New Jersey, Delaware and Nevada.
North Star Opinion concluded that most people believe individual US states should decide whether to regulate online gambling and they are therefore opposed to any federal ban.
Three out of four respondents believed that individual states should have the right to legalise online gambling for their own citizens, with 57 percent of respondents voicing opposition to federal interference in the form of a nationwide ban on internet gambling.
The survey sample found wide bipartisan support, including 74 percent of Republicans and 70 percent of Democrats.
About two-thirds of voters also said a potential congressional ban would "trample on the rights" of states that have already legalised online gambling.
The survey found that 63 percent of respondents agree with the assertion that a federal ban would promote illegal black market gambling with companies that operate overseas and are not regulated.
On the negative side, 22 percent of respondents "strongly support" a federal ban on online gambling.
Releasing the poll results, Coalition for Consumer and Online Protections spokesperson Alison Harden Siciliano said:
The American public doesnt want Congress to pass a sweeping ban of all online gaming. A nationwide ban would put more Americans at risk online, and allow the current overseas, black market gambling operations to thrive.
"Voters acknowledge that they may not personally engage in online gaming, but support the rights of other Americans to do so."
The new poll is the latest in the series of opposing views put forward by the CSIG, a pro-banning action group funded by land gambling mogul Sheldon Adelson, and the Coalition for Consumer and Online Protections, a similar organisation with an opposing view that includes the MGM International land gambling group, the Poker Players Alliance and the American Gaming Association among its supporters.