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Virgin Casino have added a ton of new slot games over the past week.
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Virgin Casino has announced that it is releasing a new slot game entitled Necker Island this week.
Necker Island is a new 5 reel, 50 pay-line slot game that is being developed by Genesis Gaming Inc. The game has a theme based on the private island hideaway owned by Virgin Casino founder Sir Richard Branson.
The game also includes an additional row of symbols that gives players a greater chance of winning. Players can win free spins and also have the chance to unlock a free wild game. The game will be released on Virgin Casino’s QuickFire platform.
Warren Eloff, Virgin Games Head of Products, said “We wanted to create a game exclusively for our Virgin Games players – something that only we could offer and that truly summed up being part of the Virgin community. As such, we thought it would be ideally fitting to have a game created by Genesis Gaming that was themed around Sir Richard Branson’s luxurious private island."
Eloff added “As an operator, offering our customers seamless game play is crucial, and as a Virgin company maintaining brand integrity is a must. Using Microgaming’s QuickFire platform has delivered on both counts - offering both easy integration and allowing us to give our players a unique Virgin Games experience.”
Steven Meisrich, CEO for Genesis Gaming Inc, stated "It was exciting for our team to build a customized and branded video slot game consistent with the quality and fun users expect from the Virgin brand. We are also pleased that Necker Island will be integrated to the Quickfire platform as we have a successful partnership already in place and are confident that it can maintain the optimal experience for Virgin players.”
QuickFire also released a statement saying “We’re delighted that Virgin Games have chosen the Quickfire platform to host this unique game. It’s always great to be involved in something a bit different, particularly as the involvement of Genesis Gaming Inc. has allowed us to work alongside a company with whom we already have a strong relationship. We’re confident that this exclusive product will please new and existing players alike.”
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Virgin Casino Releases Reely Poker Slot Game...
Virgin Casino announced the release of its latest slot game title called Reely Poker this week.
This new game is a 5 reel, 30 pay-line slot game and has a theme based on poker. In fact, the game incorporates both a slot game experience with the opportunity for players to play some poker as well.
The game begins in a slots format. The symbols are represented by the playing cards and the wild symbol is represented by the joker and the scatter symbol is represented by the ace. The maximum payout is 5,000 coins and this is offered by the joker wild symbol.
There is a bonus feature called the Multi-hand Infinite Hold’em Bonus. This is activated when the player hits three or more ace scatter symbols. The number of hands dealt to the player in this bonus depends on how many ace scatter symbols the player hit to activate the bonus. The player then wins a bonus depending on how strong the poker hands they receive are with a bonus of 2 coins being paid out for a pair and a bonus of 500 coins being paid out for a royal flush. The player keeps playing in this bonus round if they hit a two pair or higher.
Players can also activate the Slot Poker aspect of this game. For every spin, a side bet of 10 times the line bet will be automatically taken from the player. The player must then choose one of the horizontal rows. The cards that appear on that chosen row are the given hand for that spin. The player will then win if the hand on that chosen row is better than the hands on the other two rows. The Slot Poker part of the game will continue to function until the player de-activates it.
Reely Poker is available to play at Virgin Casino right now.
If you haven’t got an account at Virgin Casino, now is the time – they offer a 100% welcome bonus up to £100. This means that if you deposit anything up to £100, you will get the same value free. When registering, click on the ‘Select A Bonus’ button and select the ‘Casino’ option – simple.
*Virgin Casino does not accept Australian, U.S or Canadian players. See World Casino Directory.
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Monday, September 24, 2012
Thursday, September 20, 2012
Genting sells half its shares in Echo Entertainment - 20th September 2012
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The battle for control of Echo Entertainment Group, the operator of Sydney’s Star casino, has taken a new twist, with Malaysia’s Genting selling down half of its 10 per cent stake.
Genting, which operates casinos in south-east Asia, told the stock exchange last night that it had entered into an agreement with Citigroup Global Markets Australia to dispose of a 4.8 per cent stake in Echo at $3.99 a share, a 2.7 per cent discount to yesterday’s closing price of $4.10. That values the stake at around $158 million.
"This comes after a review by the company to rationalise its investments portfolio," Genting said in a statement. "The disposal is not expected to have any material effect on earnings per share for the current financial year," Shares in Genting rose 2.5 per cent in Singapore trade.
Genting and Crown have been circling Echo for its Sydney Casino, which attracts scores of Asian high rollers and last night’s move may allow Crown to close in on what is Sydney’s only casino operator. Crown, which owns a 10 per cent share in Echo, has sought regulatory approval to boost that holding to 25 per cent. An exit by Genting opens the door for Crown to increase its stake.
"The market, looking at the share price, welcomes this [move]. People didn’t understand what the strategy could be in Australia," said Lucius Chong, an analyst at CIMB Research. "This removes a lot of uncertainty because Genting is good at building casinos, looking at emerging growth, whereas Australia is a mature market," Mr Chong said.
Crown, which operates casinos in Melbourne and Perth, has amassed a 10 per cent stake in Echo, and has sought regulatory approval to go to 25 per cent.
Echo also operates casinos in Brisbane, the Gold Coast and Townsville in Queensland. Echo in August reported a net profit for the 2011/12 financial year of $42.2 million, well down on the previous year’s $226 million. Echo recently spent $870 million redeveloping its main asset, The Star, including a $100 million payment to the New South Wales government for exclusivity.
Crown has been lobbying the NSW government to build another casino in Sydney at the Barangaroo redevelopment near the CBD, just across the harbour from The Star.
Malaysian-based parent Genting Group built its stake through its subsidiaries in Singapore and Hong Kong in June, sparking talk of a potential bidding war. Genting had also sought regulatory approval to increase its holding.
It was not clear whether Genting has withdrawn the application. A spokesman for the regulator was not immediately available to comment on the matter.
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The Star Echo Entertainment Genting Gambling Celebrity Casino Legal Property Casinos
The battle for control of Echo Entertainment Group, the operator of Sydney’s Star casino, has taken a new twist, with Malaysia’s Genting selling down half of its 10 per cent stake.
Genting, which operates casinos in south-east Asia, told the stock exchange last night that it had entered into an agreement with Citigroup Global Markets Australia to dispose of a 4.8 per cent stake in Echo at $3.99 a share, a 2.7 per cent discount to yesterday’s closing price of $4.10. That values the stake at around $158 million.
"This comes after a review by the company to rationalise its investments portfolio," Genting said in a statement. "The disposal is not expected to have any material effect on earnings per share for the current financial year," Shares in Genting rose 2.5 per cent in Singapore trade.
Genting and Crown have been circling Echo for its Sydney Casino, which attracts scores of Asian high rollers and last night’s move may allow Crown to close in on what is Sydney’s only casino operator. Crown, which owns a 10 per cent share in Echo, has sought regulatory approval to boost that holding to 25 per cent. An exit by Genting opens the door for Crown to increase its stake.
"The market, looking at the share price, welcomes this [move]. People didn’t understand what the strategy could be in Australia," said Lucius Chong, an analyst at CIMB Research. "This removes a lot of uncertainty because Genting is good at building casinos, looking at emerging growth, whereas Australia is a mature market," Mr Chong said.
Crown, which operates casinos in Melbourne and Perth, has amassed a 10 per cent stake in Echo, and has sought regulatory approval to go to 25 per cent.
Echo also operates casinos in Brisbane, the Gold Coast and Townsville in Queensland. Echo in August reported a net profit for the 2011/12 financial year of $42.2 million, well down on the previous year’s $226 million. Echo recently spent $870 million redeveloping its main asset, The Star, including a $100 million payment to the New South Wales government for exclusivity.
Crown has been lobbying the NSW government to build another casino in Sydney at the Barangaroo redevelopment near the CBD, just across the harbour from The Star.
Malaysian-based parent Genting Group built its stake through its subsidiaries in Singapore and Hong Kong in June, sparking talk of a potential bidding war. Genting had also sought regulatory approval to increase its holding.
It was not clear whether Genting has withdrawn the application. A spokesman for the regulator was not immediately available to comment on the matter.
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Tuesday, September 11, 2012
Jury awards casino mogul $US20m for slander - 11th September 2012
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A jury has awarded US casino mogul Steve Wynn $US20 million ($19.3 million) in his slander case against Girls Gone Wild founder Joe Francis, who claimed the creator of some of Las Vegas's most upscale resorts threatened to kill him over a gambling debt.
Witnesses disputed Francis's claims during a four-day trial, including record producer Quincy Jones, who Francis said told him about Wynn's threats and showed him a stack of emails that contained them.
Wynn vehemently denied that.
In siding with Wynn, the jury determined that there was clear and convincing evidence that Francis slandered the casino mogul and knew his allegations were false when he made them.
Neither Wynn nor Francis was present in court when the verdict was read on Monday morning.
Wynn's lawyer on Friday had asked the panel to award the billionaire $US12 million plus punitive damages to send a message that false statements that travel far in the internet age will not be tolerated.
The CEO of Wynn resorts and designer of signature Las Vegas casinos such as The Mirage, Bellagio, Wynn and Encore attended the trial.
Francis, who testified, has built a business empire based on videos of young women flashing their breasts for video cameras. (AP)
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Steve Wynn Las Vegas Gambling Celebrity Casino Legal Property Casinos
A jury has awarded US casino mogul Steve Wynn $US20 million ($19.3 million) in his slander case against Girls Gone Wild founder Joe Francis, who claimed the creator of some of Las Vegas's most upscale resorts threatened to kill him over a gambling debt.
Witnesses disputed Francis's claims during a four-day trial, including record producer Quincy Jones, who Francis said told him about Wynn's threats and showed him a stack of emails that contained them.
Wynn vehemently denied that.
In siding with Wynn, the jury determined that there was clear and convincing evidence that Francis slandered the casino mogul and knew his allegations were false when he made them.
Neither Wynn nor Francis was present in court when the verdict was read on Monday morning.
Wynn's lawyer on Friday had asked the panel to award the billionaire $US12 million plus punitive damages to send a message that false statements that travel far in the internet age will not be tolerated.
The CEO of Wynn resorts and designer of signature Las Vegas casinos such as The Mirage, Bellagio, Wynn and Encore attended the trial.
Francis, who testified, has built a business empire based on videos of young women flashing their breasts for video cameras. (AP)
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Monday, September 10, 2012
Police detain 150 in Macau casino raids amid fears of new gang war
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Police detain 150 in Macau casino raids amid fears of new gang war...
HONG KONG (Reuters) - Police detained more than 150 people in weekend raids on casinos and hotels in Macau after a recent spate of killings raised fears of a new gang war in the world's largest gambling destination.
The former Portuguese territory was gripped by gang wars in the late 1990s and the recent murder of three people in two weeks, thought linked to the gambling industry, comes just months ahead of the release from jail of triad boss "Broken Tooth" Wan Kuok-koi, who wreaked havoc at that time.
About 1,300 people were rounded up on Friday and Saturday in Macau and 150 of those were taken in for questioning in the operation codenamed "Thunderbolt".
"This operation is an annual exercise to maintain public security. It is a joint exercise undertaken by police in Guangdong province, Macau and Hong Kong to crack down and prevent crime in this region," a Macau police spokeswoman said.
In Hong Kong, police raided 21 locations on August 2 as part of the joint operation and arrested 130 people on suspicion of various crimes including money laundering involving HK$300 million (24.77 million pounds), illegal gambling and prostitution.
Police also seized cash, watches and cars worth more than HK$11 million.
The Macau raids came just weeks after a Chinese woman was found murdered in a residential area minutes away from the cavernous gambling halls of gaming magnate Sheldon Adelson's Venetian casino.
That followed the murders of two Chinese nationals at the five-star Grand Lapa hotel in Macau, a one-hour ferry ride from Hong Kong, and an attack at the end of June on a senior figure in Macau's junket industry, which extends credit to rich gamblers.
By contrast, only five homicide cases were recorded between June 2011 and May 2012, according to Macau police statistics.
Macau, which like Hong Kong is a special administrative region of China, has boomed since the 1999 handover from Portugal, with Las Vegas moguls including Adelson and Steve Wynn setting up glitzy casino hotels.
That growth, however, has slowed significantly in the past three months, forcing junket operators into more aggressive debt-collecting tactics.
Many of the smaller junket companies, which collect gambling debts in exchange for a commission from casino operators, are struggling to stay in business.
IGT partners with California casino...
American computerised gaming equipment designer and manufacturer International Game Technology (IGT) has signed a deal that will see the Golden Acorn Casino and Travel Center in California host an online casino application from its Double Down Interactive subsidiary.
Las Vegas-based IGT purchased the casual games developer in January and revealed that the Golden Acorn Casino is set to utilise its technology in order to offer casino players free-play gaming experiences.
“Golden Acorn recognises the opportunity to provide gaming entertainment to its players across various channels,” said Eric Tom, Global Sales Executive Vice-President for IGT.
“This solution is allowing it to grasp an opportunity to evolve as the landscape of gaming also changes permitting it to drive engaging gameplay directly to its casino guests and fans of the Golden Acorn Casino and Travel Center brand.”
IGT stated that the revenue sharing partnership will see Golden Acorn use its own website in order provide players with a ‘truly convergent gaming experience’ that is to include access to a ‘full-casino-style offering of games in one convenient place’.
“Offering the same game titles on the web that we offer inside our casino gives us the unique opportunity to deliver fun and engaging casino-style experiences to our players,” said David Baggerly, Marketing Director for Golden Acorn Casino and Travel Center, which is located 47 miles from downtown San Diego near the Mexican border.
“This is an incredible chance to drive interactive slot culture to our players while allowing them to stay connected to our brand.”
Guests at the Golden Acorn will be able to enjoy online social versions of Texas hold‘em poker in addition to some of IGT's top-performing slot titles including Da Vinci Diamonds and Cleopatra. New games are to be added automatically while first-time users will receive one million dollars in virtual chips.
Development agreement for Bally and High 5 Games...
Bally Technologies has entered into a multi-year agreement with games developer High 5 Games to publish a substantial number of new H5G games under the Bally brand for the worldwide land-based, mobile and online business-to-business casino gaming markets.
“We’re excited to partner with a game creator that has such a world-class track record of developing high-performing and engaging game content,” said Jean Venneman, Vice President of Product Management and Licensing at Bally Technologies. “We look forward to leveraging H5G’s newest game content to help casino operators across the world drive revenues and delight players.”
Ramesh Srinivasan, Bally's President and Chief Operating Officer, added, “The partnership with H5G reflects our commitment to delivering best-of-breed, cross-platform game content to our customers. This promise is reflected in the more than 25 game studios we have established across the globe, augmented by relationships with proven game developers like H5G that enable us to deliver a diverse array of creative, interactive, and exciting game content.”
“We are delighted to partner with Bally Technologies, a long-time leader in the casino gaming industry,” said Anthony Singer, Chief Executive Officer of H5G. “With Bally’s sophisticated new ALPHA 2 game platform, and a new Bally Interactive division committed to mobile, online, and social business-to-business game content, we believe that the sky is the limit for this next generation of H5G games.”
Bwin.party Digital Entertainment Plc : The bearish trend should continue...
07/18/2012
Opinion : Bearish under 115.5 GBp
Target price : 83.4 GBp
Stop loss: 115.5 GBp
LONDON STOCK EXCHANGE
Bwin.party (BPTY) was formed from the merger of bwin Interactive Entertainment AG and PartyGaming Plc in March 2011 to create the world’s largest listed online gaming. Incorporated and licensed in Gibraltar, the Group has over 2,700 employees across Europe, India, Israel and the US. It commands leading market positions in each of four product: online sports betting, poker, casino and bingo with some of the world’s biggest online gaming brands including bwin, PartyPoker, PartyCasino and Foxy Bingo.
A month ago, we forecasted a downtrend with a target price at GBp 102. This target was reached and we reiterate our opinion. In a bearish trend, BPTY continues to decline.
From a fundamental viewpoint, the group is in a bad financial situation. Analysts have recently downgraded their forecasts for earnings per share. This indicator is often a precursor of a declining profitability and a worsening climate of investor confidence. Even if the company has a lot of cash, it is overvalued : BPTY’s PER for 2012 is 38.9x and 16.3x for 2013 and growth rates are low.
From a technical viewpoint, prices are in a downward trend. Moving averages are trending down and put pressure on the stock, which confirms this downward momentum. This trend may continue toward the GBp 95 support. Moreover, the security is testing a pivot point at GBp 102.6 in weekly data and the significant breakdown of this level would be a new bearish signal.
Taking into account fundamental and technical elements, investors can initiate a short position in BPTY with a first target price at GBp 95. If the security crosses this level, the second target price will be the long term support at GBp 83.4. A return towards GBp 115.5, the short-term resistance area, will invalidate the bearish strategy, which justifies a stop loss. (4 Traders)
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Police detain 150 in Macau casino raids amid fears of new gang war...
HONG KONG (Reuters) - Police detained more than 150 people in weekend raids on casinos and hotels in Macau after a recent spate of killings raised fears of a new gang war in the world's largest gambling destination.
The former Portuguese territory was gripped by gang wars in the late 1990s and the recent murder of three people in two weeks, thought linked to the gambling industry, comes just months ahead of the release from jail of triad boss "Broken Tooth" Wan Kuok-koi, who wreaked havoc at that time.
About 1,300 people were rounded up on Friday and Saturday in Macau and 150 of those were taken in for questioning in the operation codenamed "Thunderbolt".
"This operation is an annual exercise to maintain public security. It is a joint exercise undertaken by police in Guangdong province, Macau and Hong Kong to crack down and prevent crime in this region," a Macau police spokeswoman said.
In Hong Kong, police raided 21 locations on August 2 as part of the joint operation and arrested 130 people on suspicion of various crimes including money laundering involving HK$300 million (24.77 million pounds), illegal gambling and prostitution.
Police also seized cash, watches and cars worth more than HK$11 million.
The Macau raids came just weeks after a Chinese woman was found murdered in a residential area minutes away from the cavernous gambling halls of gaming magnate Sheldon Adelson's Venetian casino.
That followed the murders of two Chinese nationals at the five-star Grand Lapa hotel in Macau, a one-hour ferry ride from Hong Kong, and an attack at the end of June on a senior figure in Macau's junket industry, which extends credit to rich gamblers.
By contrast, only five homicide cases were recorded between June 2011 and May 2012, according to Macau police statistics.
Macau, which like Hong Kong is a special administrative region of China, has boomed since the 1999 handover from Portugal, with Las Vegas moguls including Adelson and Steve Wynn setting up glitzy casino hotels.
That growth, however, has slowed significantly in the past three months, forcing junket operators into more aggressive debt-collecting tactics.
Many of the smaller junket companies, which collect gambling debts in exchange for a commission from casino operators, are struggling to stay in business.
IGT partners with California casino...
American computerised gaming equipment designer and manufacturer International Game Technology (IGT) has signed a deal that will see the Golden Acorn Casino and Travel Center in California host an online casino application from its Double Down Interactive subsidiary.
Las Vegas-based IGT purchased the casual games developer in January and revealed that the Golden Acorn Casino is set to utilise its technology in order to offer casino players free-play gaming experiences.
“Golden Acorn recognises the opportunity to provide gaming entertainment to its players across various channels,” said Eric Tom, Global Sales Executive Vice-President for IGT.
“This solution is allowing it to grasp an opportunity to evolve as the landscape of gaming also changes permitting it to drive engaging gameplay directly to its casino guests and fans of the Golden Acorn Casino and Travel Center brand.”
IGT stated that the revenue sharing partnership will see Golden Acorn use its own website in order provide players with a ‘truly convergent gaming experience’ that is to include access to a ‘full-casino-style offering of games in one convenient place’.
“Offering the same game titles on the web that we offer inside our casino gives us the unique opportunity to deliver fun and engaging casino-style experiences to our players,” said David Baggerly, Marketing Director for Golden Acorn Casino and Travel Center, which is located 47 miles from downtown San Diego near the Mexican border.
“This is an incredible chance to drive interactive slot culture to our players while allowing them to stay connected to our brand.”
Guests at the Golden Acorn will be able to enjoy online social versions of Texas hold‘em poker in addition to some of IGT's top-performing slot titles including Da Vinci Diamonds and Cleopatra. New games are to be added automatically while first-time users will receive one million dollars in virtual chips.
Development agreement for Bally and High 5 Games...
Bally Technologies has entered into a multi-year agreement with games developer High 5 Games to publish a substantial number of new H5G games under the Bally brand for the worldwide land-based, mobile and online business-to-business casino gaming markets.
“We’re excited to partner with a game creator that has such a world-class track record of developing high-performing and engaging game content,” said Jean Venneman, Vice President of Product Management and Licensing at Bally Technologies. “We look forward to leveraging H5G’s newest game content to help casino operators across the world drive revenues and delight players.”
Ramesh Srinivasan, Bally's President and Chief Operating Officer, added, “The partnership with H5G reflects our commitment to delivering best-of-breed, cross-platform game content to our customers. This promise is reflected in the more than 25 game studios we have established across the globe, augmented by relationships with proven game developers like H5G that enable us to deliver a diverse array of creative, interactive, and exciting game content.”
“We are delighted to partner with Bally Technologies, a long-time leader in the casino gaming industry,” said Anthony Singer, Chief Executive Officer of H5G. “With Bally’s sophisticated new ALPHA 2 game platform, and a new Bally Interactive division committed to mobile, online, and social business-to-business game content, we believe that the sky is the limit for this next generation of H5G games.”
Bwin.party Digital Entertainment Plc : The bearish trend should continue...
07/18/2012
Opinion : Bearish under 115.5 GBp
Target price : 83.4 GBp
Stop loss: 115.5 GBp
LONDON STOCK EXCHANGE
Bwin.party (BPTY) was formed from the merger of bwin Interactive Entertainment AG and PartyGaming Plc in March 2011 to create the world’s largest listed online gaming. Incorporated and licensed in Gibraltar, the Group has over 2,700 employees across Europe, India, Israel and the US. It commands leading market positions in each of four product: online sports betting, poker, casino and bingo with some of the world’s biggest online gaming brands including bwin, PartyPoker, PartyCasino and Foxy Bingo.
A month ago, we forecasted a downtrend with a target price at GBp 102. This target was reached and we reiterate our opinion. In a bearish trend, BPTY continues to decline.
From a fundamental viewpoint, the group is in a bad financial situation. Analysts have recently downgraded their forecasts for earnings per share. This indicator is often a precursor of a declining profitability and a worsening climate of investor confidence. Even if the company has a lot of cash, it is overvalued : BPTY’s PER for 2012 is 38.9x and 16.3x for 2013 and growth rates are low.
From a technical viewpoint, prices are in a downward trend. Moving averages are trending down and put pressure on the stock, which confirms this downward momentum. This trend may continue toward the GBp 95 support. Moreover, the security is testing a pivot point at GBp 102.6 in weekly data and the significant breakdown of this level would be a new bearish signal.
Taking into account fundamental and technical elements, investors can initiate a short position in BPTY with a first target price at GBp 95. If the security crosses this level, the second target price will be the long term support at GBp 83.4. A return towards GBp 115.5, the short-term resistance area, will invalidate the bearish strategy, which justifies a stop loss. (4 Traders)
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