Industry news
Galaxy will begin marketing the bonds to investors immediately, Robert Drake, chief financial officer, said in a phone interview today. It’s hired Bank of America, BOC International, HSBC Holdings and UBS AG to manage the sale, the casino operator said in a statement today.“This is opportunistic financing,” Drake said. “There’s a strong demand for renminbi out there and this is just another example of how we use opportunities to increase our financial flexibility and strengthen our balance sheet.” The yuan...
Now, lawmakers appear ready to push the envelope even further by regulating online poker. Earlier this month, legislators in New Jersey passed legislation that would legalize online casinos in the state. The Atlantic City casinos would operate the online sites, with the revenue being split between the casinos and the state government. Florida is looking into several different forms of gambling expansion. Las Vegas gaming companies have been lobbying to bring Vegas-style casino resorts to South Beach and other tourist...
Despite the platform’s small market share, Windows has a lot to offer gamers – and developers should think twice about ruling out the option. What sets the Windows Phone apart from the iPhone and the Android is that it leverages its connection with Microsoft’s Xbox Live platform. When you first boot up your Windows Phone, it will ask you for your Xbox Live login. The system will immediately identify your account and you will be able to access your avatar,...
One such company on the move is Viaden Media and its subsidiary Viaden Gaming, the Ukraine gambling software developer has just announced the launch of its white label casino application specifically developed for use on Apple's iPad, iPhone and iPod Touch devices. On January 11, 2011, Viaden will be licensed to offer its products to the U.K. gambling market from the Isle of Man. This casino software offers fully High Definition and 3D real-money features for the gaming consumer. Four...
The east Mediterranean island's Communist-led government wants to ban online poker, slot machines and other casino games, which legislators say have an estimated turnover of 2.5 billion euros a year. It does not intend to ban online sports betting.There are no casinos in Cyprus, but gamblers have exploited a loophole in the law which means that online gambling via providers based in other countries is virtually unregulated in Cyprus. Police and government officials have described the practice as a scourge...