March 16, 2012

Gaming News Bits


Politics and self interest are the real issues behind Saipan casino bill's latest defeat and not problems related with gambling itself, a Macau-based Asian gaming consultant said even as pro-casino lawmakers in the CNMI prepare a popular initiative so that the question of casino gaming on Saipan can be placed in the Nov 6 ballot.

Japanese billionaire Kazuo Okada, saying Wynn Resorts Ltd. (WYNN) is run by Chairman Steve Wynn as a “personal fiefdom,” is challenging the redemption of his own 20 percent stake in the company at an $800 million discount.

A union website is calling out state regulators for being "either unwilling or unable" to police Nevada gaming licensees who do business with controversial casino junket and VIP room operators in Macau.

HONG KONG, March 15 (Reuters) - Casino operator Galaxy Entertainment Group Ltd said on Thursday annual net profit jumped more than three-fold, although just short of expectations, as wealthy Chinese flocked to its new $2 billion casino, the only one to open in Macau last year.

LONDON, March 15 - Playtech, the world's biggest provider of online gaming software, reported a 22 percent jump in earnings and said 2012 had started well following a series of acquisitions that have bolstered its presence in a booming internet gambling industry.

Iowa would be one of the first states in the nation to allow internet poker under a bill approved Tuesday night by the Senate. No legislators spoke against the overall bill, which passed by a bipartisan 29-20 vote.
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