| The village was abuzz yesterday with rumors the white knight -- or at least the white-haired knight, Len Ainsworth -- might come to rescue his damsel in distress. …If Mr. Ainsworth issued script to Aristocrat, the latter would most likely lose its Nevada Gaming license and all other US licenses. That's because Aristocrat had to change the shareholding structure, limiting the Ainsworths to 40 percent –"so they could get Nevada licenses in the first place," he said U.S. casino operator Harrah's Entertainment Inc. and Gala Group of Britain are in talks on a joint venture to build several British casinos in an investment worth several hundred million pounds, a source familiar with the matter said on Thursday. …The venture would build several casinos -- more than five and fewer than a dozen -- that would be bigger, flashier and offer more gambling options than casinos operated by Gala, the source said. Gala has about 30 casinos in Britain. Reuters, Forbes.com, 6-13-02 Wynn Resorts Ltd. and Societe des Bains de Mer announced on Thursday a strategic business alliance under which the Monte Carlo casino owner will pay $45 million, or $15 a share, for 3 million shares of Wynn Resorts… The strategic alliance includes an exchange of management expertise and the development of cross-marketing initiatives between Wynn Resorts and SBM. Reuters, Yahoo Finance, 6-13-03 The tiny Caribbean islands of Antigua and Barbuda took on the United States at the World Trade Organization (WTO) Tuesday, seeking a ruling on Washington's ban on cross-border Internet gambling. The twin-island state, which has developed online gaming services to earn revenue, said that the U.S. action broke WTO rules on open markets for services. The United States, where gaming is a multibillion-dollar industry, denies that free-trade rules apply to gambling and says the cross border ban protects its citizens from the financial and social risks of betting. Reuters, CNET.com. 6-25-03 Isle of Capri, which owns riverboat casinos in Mississippi, is to build its first UK casino in Coventry, together with a new stadium for Coventry City soccer club. Mathew Garrahan, Manchester Guardian, 7-28-03 Gaming magnate Sheldon G. Adelson has already approached several top clubs, including Chelsea and Arsenal, to discuss the idea. The casinos would be huge, taking up around 30,000 square feet, and could make clubs as much as £15million a year through a profit-share. …Arsenal has already rejected the idea because the casino will take up too much room at their new Ashburton Grove stadium, but other clubs are more interested. Raoul Simons, Evening Standard, 7-30-03 Now that he's back in Indiana as an executive with the Pacers, Larry Bird says he wants to help bring a riverboat casino to his economically depressed hometown. In a statement released Friday through his agent, Bird said he is assessing how he can play a part in a riverboat project, particularly in ways that might benefit French Lick. "My hometown is very excited about the prospect of a new business bringing more jobs and economic support at a time when they really need it," Bird's statement said. Orange County voters are expected to decide in November whether to authorize a casino, the state's 11th, to boost the county's economy. By Sept. 19, interested casino companies and investors are required to file applications with the Indiana Gaming Commission and pay a $50,000 application fee. Associated Press, Indianapolis Star, 7-28-03 |
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