Secretary for Economy and Finance Francis Tam Pak Yuen, said he was confident that gross monthly gaming revenue could stay around USD 892 million, a level that would enable the six operators to stay in the market. Tam told reporters he expected the fourth quarter or the first quarter of next year would mark the beginning of a downward trend in gaming revenue. For the second consecutive month, in October gaming revenues dropped more than 3% compared with the same period last year.

Moscow - Russia's grandiose scheme to build a Las Vegas from scratch in 18 months is turning into a sour bet because of the sinking global economy. The plan calls for shutting down dozens of casinos in Moscow and St. Petersburg by July 1 and moving big-city gambling to four far-flung reaches of Russia, including building an entire new city along the Azov Sea. "It's just not going anywhere fast," says Joseph Weinert of Spectrum Gaming Group, a U.S. firm that advised on developing one of the resorts.

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"...

A great number of public assisted to the conference: “Online Gaming, current situation in the region”, held last October 16th in Puerto Salguero, Ciudad de Buenos Aires, which counted with the presence of operators, software developers and experts in legislation. Speakers were: Estela Varsavsky (Consultant of 137bet), Federico Fortunati (Director-Manager of Legal Affairs, Codere Argentina), Zacarías Leone...

The ongoing persecution of Internet gambling sites by the United States Department of Justice may be nearing an end after several years of acrimony. Word spreading throughout the online casino industry is that a large fine that will still not bankrupt the companies involved may be the settlement. Online casinos such as SportingBet and PartyGaming and their executives have been pursued by US law enforcement since the passage of the Unlawful Internet Gambling Enforcement Act in 2006.

The Latin American gaming industry will meet this week in Buenos Aires, and around 200 exhibitors will receive national and international visitors in a new edition of the traditional Buenos Aires SAGSE trade show. SAGSE organizers announced that, from 14,30 p.m., its doors will open to start their 16th edition, with the aim to reaffirm that it is the main regional gaming event.

London, 30.09.2008. Die neue Website der International Gaming Expo (IGE) ist freigeschaltet. Branchenvertreter können ab Oktober ihre Tickets online bestellen. Die Website zeigt die verschiedenen Bestandteile der Messe, die im Januar 2009 erstmals die Veranstaltungen ICE und ICEi sowie die Unterhaltungsmesse ATEI vereint. Die IGE ist die führende Messe für Gaming und Gambling und ein “Muss” für alle Branchenvertreter...

In einer Presseaussendung vom Montag den 29. September 2008 gab die Kahnawake Gaming Commission die Ergebnisse und daraus resultierenden Konsequenzen ihrer Ermittlung im Ultimate Bet Skandal (wir berichteten ausführlich) bekannt. Der Kahnawake Gaming Commission (KGC) Chairman Dean Montour sieht in dieser Veröffentlichung die Hauptschuld bei dem Bracelet Gewinner von 1994 und ehemaligen Ultimate Bet Mitarbeiter Russ Hamilton.

Macao (Xinhua) -- Results of an official survey released on Monday showed that average earnings (excluding bonuses and allowances) for full-time employees in Macao's gaming Industry rose by 7.4 percent year-on-year to 15,565 patacas (1,946 U.S. dollars) in June this year. Average earnings for casino dealers grew by 0.3 percent in June over the same period of last year to 13,776 patacas (1,722 dollars)...

After the approval by the Commission of Financial, Industrial and Commercial Development of the Chamber of Representatives of the casino legalization in Brazil, Yogonet.com talked in exclusive with Carlos Eduardo Canto, head of Febrabingo, to know his opinion on the matter. Some days ago, the Commission of Financial Development of the Chamber of Representatives approved the legalization of casinos in Brazil, What is your opinion?

Casinos Austria International will be presenting its extensive range of gaming products and services at the SAGSE Gaming and Amusement Buenos Aires 2008 from 15 to 17 October 2008. SAGSE Buenos Aires is the largest annual event of its kind in South America, attracting visitors and exhibitors from all across the region. Casinos Austria International enjoys international renown as a leading gaming services provider and investor.

According to the companies C&GS Group from Peru and Argentinian Excellence Group, the “Gaming Exhibition for the Caribbean region” will be inaugurated on March 12-13, 2009, in the Exhibition Center of Renaissance Aruba Resort & Casino. “Due to a market need, we decided this project to come true, with the first edition of AGS 2009”, pointed the organizing companies of this event, though their leaders, Patricia Alarcón and Elizabeth Leiva Goycochea...