NOVOMATIC has been spearheading the South African gaming industry with a long-term footprint and a record of success for more than 20 years. NOVOMATIC products have a substantial track record of leading performance all across Africa…

Clarion Events has announced a strategic restructuring of its Gaming Division which involves the closure of its U.S. office in St Charles with the relocation of activities to London and the appointment of former ATE Marketing & Commercial Director Julian Graves to the newly created post of Managing Director responsible for exhibitions. Julian, whose association with IGE/ICEi/ATEI and The Betting Show dates back to 2000…

Los Angeles (Reuters) – A plan for the restructuring of MGM Mirage, suggested by investor Carl Icahn, would involve swapping debt for equity and be done in concert with Kirk Kerkorian, MGM‘s majority shareholder, a source familiar with the situation said on Friday. Some MGM bondholders, including Icahn, have floated the idea of the debt-laden casino operator filing for bankruptcy…

Las Vegas (AP) – Billionaire Carl Icahn and an investment fund believe MGM Mirage Inc. should file for bankruptcy, The Wall Street Journal reported Thursday. They want the Las Vegas-based casino operator to restructure its more than USD 13 billion in debt as soon as possible. A story posted on the newspaper’s Web site Thursday citing unnamed sources…

Trump Entertainment Resorts Inc. and its bondholders agreed to a weeklong extension of their negotiations on a USD 1.25 billion debt restructuring to save the company from another trip through bankruptcy. “Talks are continuing. As long as everyone keeps talking, that’s considered progress,” said Mark Juliano, Trump Entertainment chief executive officer. “We’re still hopeful an amicable resolution is in store.”

Atlantic City, New Jersey (AP) – Donald Trump’s casino company has two more weeks to perfect the art of the new deal with its investors. Otherwise, the debt-laden casino empire could be headed for a third spin through bankruptcy court. Mark Juliano, chief executive of Trump Entertainment Resorts, said the company reached an agreement with its bond holders Wednesday to extend the deadline on restructuring USD 1.25 billion worth of debt through Feb. 4.

In what could be a replay of 2005, Trump Entertainment Resorts is looking to reach a new deal with bondholders to restructure its suffocating debt and prop up its casinos. The company’s stock has plummeted to 25 cents per share. As expected, it missed a USD 53.1 million interest payment this week. Now come warnings of another possible journey through bankruptcy court.

In the UK, the Gambling Commission has announced a change in its structure that will also see Beryl Brown, Director of Policy and Communications, leave the regulatory body after over two years. Brown’s duties are to be taken over from next week by Matthew Hill, serving in the new role of Director of Strategy Research and Analysis where he will bring together the strategic and analytical parts of the Gambling Commission…