Nevada regulators are seeking information from top gaming companies about their financial health. The review comes in light of the credit crunch and economic downturn, which have prompted drastic measures by casino companies, including thousands of layoffs, project delays and billions in last-ditch financing. The board’s actions raise an important question during these troubled economic times…

Hong Kong – Casino magnate Steve Wynn’s flagship Wynn Resorts is reportedly planning a secondary listing in Hong Kong, aiming to raise USD 3 billion to finance the construction of a mega-resort complex in Macau. The share offering, however, is under a cloud amid negative market sentiment. Wynn Resorts has appointed UBS, Deutsche Bank and Morgan Stanley to arrange the Hong Kong listing, which is likely to be the largest initial public offering in the city this year if it proceeds.

Greektown Casino’s largest lender asked it to file for bankruptcy protection as a condition of lending it more money, state regulators said Monday. „Merrill Lynch wasn’t extending additional lending unless they filed Chapter 11,“ said Rick Kalm, executive director for the Michigan Gaming Control Board, which regulates Detroit’s three casinos. The board has been aware for four years of Greektown Casino’s financial troubles…

Legislative fraction of PRD in the House of Legislators remarked that the approval of the new 20% tax to games and draws will allow the ending of money laundering and the proliferation of such businesses in Mexico. It remarked the importance of the Special Tax on Products and Services (IEPS), which will tax with a 20% fee to bets and draws.

Spanish The Tax Agency is investigating the growing Internet betting business. A sector which in 2006 generated 413 million euros in Spain, a 65% more than the previous year, which put the country on the top of the European ranking on online gaming. The Finance Ministry controls the activity of these companies, considered illegal by the Law of General Budget of the State for 2007.