Harrah’s Entertainment – new owners for Casino & Hotel Resort chain

Harrah’s Casino & Hotel Resort chain, which also run the World Series of Poker, will have new owners, two private equity firms named Apollo Management and Texas Pacific Group, shelling out a whopping $17.7 billion for the acquisition, being complete … Read More

Germany will ban online gambling starting with January 1st, 2008

Germany will ban any form of Web-based gambling or brokering of games over the Internet, beginning with January 1st, 2008, including the advertising of gaming over the Internet and on television. Germany ratified an accord that preserves the country’s state … Read More

Egyptian pyramids and Sphynx, copyrighted

Egypt intends to restrict the right to make copies of its ancient monuments by extending the copyright above 3000 years, claiming royalties for using likenesses of the Sphynx and the pyramids.So, casinos from Las Vegas, Atlantic City, Macau, future Gran … Read More

Benazir Bhutto killed in a suicide explosion at Rawalpindi

Former Pakistani Prime Minister Benazir Bhutto was killed today when a suicide bomb exploded outside Liaquat Bagh, the venue of the rally, Interior Ministry Spokesman Javed Iqbal Cheema said in a phone interview from Islamabad. “Terrorists are trying to derail … Read More

Gambling industry, more important for US than the intellectual property?

The World Trade Organization, on 21 December 2007, awarded Antigua and Barbuda an annual $21 million compensation claim against the US and also approved of Antigua’s right to suspend its recognition of US copyright and trademark laws to an amount … Read More

US FTC new rules on online behavioral advertising

After European Union set new rules on online advertising, U.S. Federal Trade Commissions published these days a proposed set of privacy principles governing online behavioral advertising. The FTC’s privacy program seeks to balance support for such innovation in consumer services … Read More

Macau, the new Mecca of the gambling world

MGM Grand Macau officially opened its doors these days to thousands of guests eager to experience the burgeoning gaming destination’s latest grand resort. With 600 rooms, MGM Grand Macau resort casino marks the powerful partnership’s first venture into the rapidly … Read More

MGM Mirage – Entertainment, hotels and casinos

Type of the company: Public (NYSE: MGM) Founded: 2000 Headquarters: Las Vegas, Nevada Key people: Terrence Lanni (CEO) Industry: Casinos and hotels Products: Hotels Revenue: $7.4 billion USD Employees: over 70,000 Website: www.mgmmirage.com MGM Mirage is a Las Vegas – … Read More

$21m annually for Antigua and Barbuda in its dispute with US for online gambling

The World Trade Organization, on 21 December 2007, issued the arbitration report regarding Antigua and Barbuda’s complaint against “United States — Measures affecting the cross-border supply of gambling and betting services” (DS285), especially UIGEA, awarded Antigua and Barbuda an annual … Read More

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