Plans to build a racino at the Aqueduct racetrack in New York have been thrown into turmoil after the Governor’s office yesterday rejected the chosen bidder’s application for a New York state gaming license.
The chief executive of UK-listed online gambling minnow 32Red believes the company’s UK focus makes his firm an attractive acquisition target given the complicated regulatory picture across the rest of Europe.
Pressures weighing on the balance sheets of two of the US gaming industry’s biggest names were lightened somewhat after Harrah’s and MGM Mirage this week both announced amendments to credit agreements that go some way to lessening the debt burden at each firm.
William Hill and Paddy Power are thought to be leading the chase to snap up Centrebet after the Australian corporate bookmaker told the Australian Stock Exchange yesterday it had received a “number” of indicative offers to acquire the business.
Any pick up in the replacement cycle for slot floors across the US will be delayed until at least 2011, according to new research from Goldman Sachs.
PartyGaming yesterday moved to downplay suggestions that their cancellation of a post-results investor roadshow signalled developments in their previously announced merger talks.
A prospective buyer of Sportingbet will have to look beyond the regulatory hurdles when assessing the value of the company’s operations in the Turkish and Greek betting markets, according to Andy McIver, the chief executive of the online sports-betting and gaming operator.
Up to seven bidders are thought to have submitted offers for the Australian-based online gaming business Centrebet after sources confirmed that a sale process had begun earlier this year – but the company’s position in Norway could complicate any deal.
A new advertising campaign for major CryptoLogic licensee InterCasino blasted off in the UK earlier this week, but analysts yesterday questioned why the online gaming software supplier was contributing a proportion of their media spend towards a customer’s rebranding exercise.
Paddy Power took the opportunity of a full-year results presentation to reaffirm that it is willing to pay tax on the online business that comes from its Irish customers – but only if the tax is enforceable on all operators taking bets from Ireland.
