The IGRG today announced its incorporation as a company, following a highly successful working partnership in the area of socially responsible gambling by the UK’s five leading gambling trade associations.

Standard & Poor’s dropped the credit qualification on the international Spanish gaming company Codere to “B+” (poor quality) from “BB-“ (questionable quality), which had been assigned previously, due to its “aggressive” financial profile and the situation of uncertainty of its shareholders. "Codere drop reflects its aggressive financial profile and a probable trade deficit in achieving its objectives of leverage ratio to the closure of 2008 exercise"...

Shareholders of Publishing and Broadcasting voted to approve the company’s split into separate gaming and publishing arms. PBL, controlled by Australia’s richest man, James Packer, has been expanding its interests in the lucrative gaming sector while cutting back its media interests. Under the split plan, which won 98 percent shareholder support, PBL will house its casino and international gaming assets in a company called Crown...

New York (AP) -- Shares of gaming companies with interests in Macau slipped Wednesday, after a Morgan Stanley analyst said preliminary Macau gaming revenue growth in September is significantly below her estimate. Analyst Celeste Mellet Brown said early Macau figures show September gaming revenue growth of 55 percent year over year, which is well below her forecast for more than 75 percent growth. The data is also likely to be below general expectations across Wall Street, she added.

Spain will give back more than a half million euros in taxes to gaming companies, after the Constitutional Court declared unconstitutional in 1996 the complementary fee of the fiscal tax that was in force since 1990. The government has approved the incorporation of 505,547.53 euros to the Eventuality Funds for this concept. The Constitutional Court understood that the statement was against the legal security principle, which originated the presentation of resources that asked for the return of the payments carried out...