New York legislators want to tap casino gambling for greater revenues, but the requirements of passing a state constitutional amendment make the opening of new casinos unlikely anytime soon. So Governor David Paterson and some lawmakers are considering changing rules for existing video lottery machines and slots at racetracks. Current regulations require racinos to operate no more than sixteen hours a day, or one hundred twelve hours per week.

Australian gaming giant Tabcorp Holdings has lodged an application with the Northern Territory State Government for a racing and sports wagering license, signaling a desire to compete in the fast growing corporate bookmaking market. The license application forms a key part of Tabcorp’s response to competition changes in the Australian wagering market.

New Zealand casino operator SkyCity Entertainment is not the only one having problems finding a suitor who can secure finance. The US gambling giant Harrah’s Entertainment is having similar problems with a private equity bid for its business. It is believed the same suitor – TPG and Apollo Management – was involved in both deals. The groups were running the ruler over SkyCity but baulked when it came to securing finance in December.

With a local team heading to the Super Bowl and casino revenues down for the first time, New Jersey’s Assembly Tourism and Gaming Committee is betting that the time is right to resurrect the idea of making betting on professional sports legal in Atlantic City. Spearheaded by assemblymen Nelson Albano (D-Cumberland/Atlantic/Cape May), Louis Greenwald (D-Camden) and John Burzichelli (D-Gloucester)…

A Karlsruhe, Germany-based court ruled that Bwin Interactive Entertainment is allowed to accept wagers from customers in the German state of Baden-Wuerttemberg, Stuttgarter Nachrichten reported, citing a spokesman for the Karlsruhe regional council. The administrative court ordered that a previous judgment forcing the company to stop accepting wagers from these customers should not be executed…

Frankfurt (Thomson Financial) – A Karlsruhe, Germany-based court ruled that Austrian sports betting company BWIN Interactive Entertainment AG is allowed to accept wagers from customers in the German state of Baden-Wuerttemberg, Stuttgarter Nachrichten reported, citing a spokesman for the Karlsruhe regional council. The administrative court ordered that a previous judgment forcing the company to stop accepting wagers from these customers should not be executed…