Online Casino Edition – Casino News News about online casinos and gambling

May 20, 2011

The Royal Wedding Odds At William Hill

Filed under: Casino — Tags: , — OCE News @ 12:00 am

The Royal Wedding of Prince Williams and Katherine Middleton will be held on April 29, 2011. This is a cause for celebration in Britain. The entire country is so excited about this royal occasion that every Brit is making preparations to celebrate this grand event. On this very special occasion, William Hill will allow its players to have endless fun on bets and odds on any aspect of this big day. Brits just need a cause for celebration and they are ready for it.

This big day is also a viewed as an opportunity for betting enthusiasts to place their bets. Not the casual bets at the local pubs, but the big ones being offered at William Hill Casino. You could place your bets on just about any aspect of this day. Just imagine, you can even bet on the colour of the Queen’s hat on the occasion of her grandson’s wedding. Don’t be surprised to know that you can also bet on whether the princess will be arriving in the Queen’s own Mercedes or in a horse-drawn carriage.

About William Hill

Established in 1934, William Hill is one of the most recognized names in betting in the United Kingdom and has earned an impressive track record for their land-based casino services. They have been offering betting services for the past ten years and have earned a good reputation. They offer the largest betting service in the world with more than 450,000 telephone clientele all over Europe. They are a trusted name in the online gambling industry. The software applications of William Hill Casino are powered by Cryptologic (Wager Logic), Boss Media GameAccount and Virtue Fusion.

William Hill offers more than 200 online casino games and has the widest table limits found online. Governed by Atlantic City gaming rules, the casino is known for its extensive game-specific tournament offerings. The best part is that all the game tournaments are structured in such a format that players can collect as much credits as possible. All real money players are enrolled automatically in the Rewards Points Scheme at the casino. Under this scheme, the casino provides players with comp points for each ten wagers. Once point accrual reaches 1,500, exchange for casino cash is permitted.

The Royal Wedding Bets and Odds

William Hill Casino has come up with this amazing idea of allowing Brits to bet on just about any aspect of the forthcoming Royal Wedding. Being a top betting site in the UK, it was well expected that they would innovate and come up with something amazing on this very special occasion. The casino has decided to allow players to place bets on the color of Queen’s hat on different wedding occasions and ceremonies. You can also bet on whether the couple will leave in the open top carriage or the glass coach. The other odds is on whether Kate will leave Wills at the altar. The colour of Kate’s wedding dress is also on the odds. Top odds are ivory or cream with white and champagne. Even red, white and blue are being considered the long shot.

If you don’t want to miss the great betting action on the special occasion of the Royal Wedding, just head over to William Hill and check out all the options and odds. Betting is certainly bound to make the occasion more happening and interesting.

May 18, 2011

Slotty Bunnies Promotion At Bodog Casino

Filed under: Casino — Tags: , — OCE News @ 12:00 am

“Our Slotty Bunnies are giving away £10,000 everyday until Easter Monday, and that’s not all the treats in their basket! With our daily 100 percent Match Bonus on the Game of the Day, you can get up to £250 in bonuses over the next ten days!” says an announcement made by the Bodog Casino. The promotion which began on April 16th 2011, continued till April 25th 2011. As part of its Slotty Bunnies promotion, the casino gave away bonus money and loads of cash to their players to wager on different games. It was a great fun playing at the casino as a separate coupon was assigned to each game. Players could choose their favorite game and take advantage of their hot bonuses. Many lucky players won big money and enjoyed playing at the casino as they could wager on different games each day.

About Bodog Casino

A part of Bodog Online Entertainment Group, Bodog Casino is one of the most popular casinos which is available in both download and non-download versions. Licensed to operate in the UK, Costa Rica and Mohawk Territory of Kahnawake, it also accepts players from America and Canada and all major credit cards. The casino’s online gaming software is based on Real Time Gaming. Both the download and non-download versions allow you to play instant games. Offering several unique games on its website, the casino offers players endless fun and excitement. It offers excellent graphics, an amazing sound system, 24/7 online customer support and easy terms and conditions and of course, unique games.

Bodog Casino offers a wide range of popular online games including Baccarat, Blackjack, Caribbean Holdem, Caribbean Stud, Craps, Pai Gow Poker, Roulette, Tri-card Poker, Aztec’s Treasure, Caesar’s Empire, Cleopatra’s Gold, Diamond Dozen, Fruit Frenzy, Goldbeard, Prince of Sherwood, Red Sands, Viking’s Voyage, Aces and Eights, All American, Deuces Wild, Jacks or Better, Joker Poker, Loose Deuces, Mystery Bonus, Pick’em Poker, Sevens Wild, Diamond Mine Deluxe, Super Diamond Mind, Food Fight, Jazz Time, 7’s and Stripes, Lucky Lightning, Triple 7 Inferno, Crazy Dragon, It’s Good to be Bad, Mid-life Crisis, Shopping Spree, The Shark and many more.

Slotty Bunnies Promotion

Most poker rooms were shut down on Friday by the FBI. Thankfully, the Bodog Casino was not one of them. It was open and offered amazing bonuses and big cash to lucky players for wagering on a different game each day. As part of its Slotty Bunnies promotion, the casino offered £10,000 on each day starting from April 16 to April 20, 2011, the Easter Monday. Along with this, it also gave away £250 in bonuses for ten days starting from April 16 till April 25. Different coupons were assigned for different games and players could redeem the coupons by logging onto the Bodog Online Casino.

To take advantage of the hot offers, the players had to make a deposit of up to £25 to the cashier. All these players got a 100 percent match bonus credited into their account. According to the terms and conditions of the Slotty Bunnies promotion, it was necessary for players to wager both the deposit and the bonus on the game of the day. Only then were they entitled to enter the lucky draw and had a chance to win £1,000. Many lucky players won £1,000 in the lucky draw contest and many won £250 as a bonus.

May 16, 2011

MGM To Control Macau Casino

Filed under: Casino — Tags: , — OCE News @ 12:00 am

In a recent report it was declared that MGM Resorts International will be taking control of its Macau casino, a joint venture with the Ho dynasty.

This will be done by acquiring the shares of Pansy Ho, daughter of Stanley Ho. Such an acquisition will raise MGM’s share in the casino to 51 percent.

The casino family of Ho has been in the news for the past year as a huge spat began among Stanley Ho, the head of the dynasty, and the rest of the family regarding the parting of assets. The feud ended with Pansy and some other members of the family getting controlling interest in SJM Holdings Ltd. It is this share that Pansy has decided to sell to MGM.

The proceedings from the sale will be remitted to an entity and Pansy Ho will use the same to buy convertible senior notes of MGM.

Announcement of the imminent purchase led to a surge in share prices of MGM by eight percent. But, initial talks of the purchase a few months back was dropped by MGM when the Stanley Ho scandal broke out and Ho was suspected to finance organized crime.

MGM Resorts International is the second largest gaming company in the world and has its roots in Nevada. The company began its life only in year 2000. The company soon grew to own some of the most famous casinos in Las Vegas including the Bellagio, The MGM Grand, The Mirage, Monte Carlo, and Luxor. Its hotel cum casino, MGM Grand, opened in Macau in the year 2007. The company had 50 percent share in the venture then.

The purchase of this share will give MGM full control of the casino and its operations. It will further be able to consolidate the Macau casino’s operations in its own books. Macau is the only place in China where gambling is legal and therefore the Chinese as well as people from around the world visit the island to enjoy its gambling facilities. The casinos in Macau are considered to be four times more profitable than those in Las Vegas. This is the reason MGM and other casino companies from the United States of America are trying to gain business relations in Macau either through joint ventures or directly. MGM spokesperson says that they aim to list the company in the Hong Kong Stock Exchange.

The listing will be sought in the name of MGM China Holding Company.

Ho is expected to get 29 percent stake in the company. The company expects to complete its IPO (Initial Public Offering) by 30th June 2011.

The deal with Ho is expected to generate net proceeds of $300 million for the company, which can be used to complete the IPO. This would make the circle whole in Macau as MGM would be the last of the six companies who have gambling license in Macau to go public.

At present, MGM officials are keeping quite on the subject and have only confirmed the deal with Pansy Ho. This is mainly due to the “quiet period” warranted by IPO.

May 14, 2011

End Of Ladbrokes And 888 Holdings Takeover Talks

Filed under: Casino — Tags: , — OCE News @ 12:00 am

Ladbrokes is a British gambling company which has its origins in 1886.

The company began humbly as commission agents and expanded in the 1990s to retail betting after its legalization by the government. It is considered to be Britain’s largest bookmaker and has thousands of betting shops across the UK and Ireland. It is also considered one of the world’s largest retail betting chains. The company has been undergoing negotiations with online gaming and betting company, 888 Holdings, from December 2010. 888 Holdings is a solely internet-based company which takes bets online. The company which began in the year 1997 has several good gaming websites. The license of the company to operate online gambling comes from Gibraltar.

Once the news of the possible takeover of 888 Holdings by Ladbrokes broke out, the share price of 888 Holdings skyrocketed. The negotiations began with an offer of 70p per share by Ladbrokes. But doubts regarding the takeover surfaced in early March 2011 when 888 Holdings announced its acquisition of Wink Bingo which included payments to the board of Wink. Many felt that Ladbrokes may have to wait till the payments due to Wink is completed by 888 Holdings to carry forward the takeover.

Doubts increased upon the stepping down of the CEO of 888 Holdings on April 10th, 2011. It was soon after that, on April 15th, 2011, Ladbrokes confirmed these doubts saying that the negotiations fell through.

According to them, the 61 percent owners of the company, the Israeli families of Shaked and Ben-Yitzak refused to change their demand for 80p per share even after months of talks. Spokesperson of Ladbrokes state that the deal was shut down as they felt it would not benefit the shareholders of the company.

The chief executive of the company Mr. Glenn commented that the company was in no hurry to expand through takeovers even though it will look for such opportunities in the future as well. According to him, an organic growth suited Ladbrokes just fine at the moment.

Ladbrokes has been to trying for a while now to gain foothold in the online gambling industry. Though the company operates several online gambling sites, it has not been able to gain ground there as it has in the offline retail betting industry. The company is very aware of the fact that without a good online business, it is very difficult to continue its profitable stride. Therefore, they have been bidding to buy out some of the online giants in the gaming field.

With regard to 888 Holdings, this is the second failed attempt by Ladbrokes to take over the company. It had tried its luck four years ago in 2006 when both companies announced merger negotiations. But the deal fell through due to changes in tax laws that took place in the UK that time. Again in 2009, there were rumors of Ladbrokes trying to buy out 888 Holdings shares. But the company denied these rumors then as rubbish.

Ladbrokes quest to rein over the online betting world is still underway. The company continues to battle its rivals and strive toward improving businesses even in the face of falling share prices and deals gone south.

May 12, 2011

Hong Kong Regulator Investigate Sands China

Filed under: Casino — Tags: , — OCE News @ 12:00 am

Sands China Inc has been in business for a very long time. It is the leading gaming hotels and resorts developers in Macau. Macau is the leading gambling centers of the world along with Las Vegas. Only six companies have license to operate casinos in Macau and Sands is one of them. The company also has a subsidiary working in Las Vegas which operates the gaming resorts and hotels in the United States of America.

Very recently, Sands China has come under investigation by the Hong Kong financial regulators upon allegation of possible breach and complaints against the company from the United States. The company’s Las Vegas operations are also being investigated by the US Securities and Exchange Commission as well as the US Justice Department. The company has also obtained subpoena from the Justice Department as part of the Jacobs case for wrongful termination.

The main reason for the investigation is supposedly the allegation of improper payments to foreign officials by the company. This is prohibited by the Foreign Corrupt Practices Act. This is in lieu of the lawsuit filed by former CEO of Sands China Steven Jacobs, who was fired by the company in the month of July 2010. Jacobs alleges that he was wrongfully fired upon refusing to use leverage to gain concessions from the government.

Jacobs also said that Mr. Adelson, the chairman of the board of directors, asked him to conduct secret investigations on government officials of Macau to find out some information that could be held against them and then used to the advantage of the company.

These investigations are likely to take four to six months and therefore the company will be under the microscope till then. But, the real reason for the Hong Kong investigation is not clear and the connection to the US case is just speculation on the part of the media and statements made by Adelson. It is only in the past few years that Hong Kong has tightened their regulations regarding market misconduct.

Adelson, in a statement to the press, claims that if the whole investigation is based on Jacobs’ allegations, it would blow away quickly. He has completely brushed off the Jacobs event as “nothing serious” and even went so far to state that no government official is going to admit to bribery. According to him, once the investigators got a chance to check all the documents they have requested for including email correspondence of Adelson, it will be clear that no wrongdoing took place.

When the news of the investigation broke out, there was an instant fall in the share value of the company in the New York Stock Exchange as well as Hong Kong stock exchange. Experts feel that as long as Jacobs’ lawsuit stands and the investigation is under way, the company is going to suffer substantially in goodwill as well as share value. In fact, some say that it will also affect the casino earning in the future.

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