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This is from the ATE online newsletter:
Today’s Headlines
27th June 2005PartyGaming gamble on £4.64bn flotation
Shares for PartyGaming’s flotation have been sold to institutions at 116p, making the company’s estimated market value £4.64bn. The price has driven the online gambling company into the FTSE 100 at roughly the same size as supermarket chain J Sainsbury, and made it the biggest listing on the London Stock Exchange in five years.Coral takes top spot
Coral Eurobet has taken the top spot in the Sunday Times KPMG Top Track 100, officially becoming the UK’s biggest private company. With a turnover of £5.4bn, the betting and gaming operator was joined on the list by Done Brothers Bookmakers at 56, whose revenues jumped to £568m, and Gala Group at 58.Moscow’s gambling boom
Russia is in the midst of a gambling boom according to reports, and has become a US$5bn annual business. Moscow alone now has 58 casinos, 2,000 gaming rooms and 70,000 slot machines, up from the 30 casinos and 20,000 slots in 2002 when the existing gambling laws were changed.Thai raids result in referendum
As a result of recent raids on illegal casinos, Prime Minister Thaksin Shinawatra and the Thai government are proposing holding a referendum on legalising casinos, possibly at the next election.Caribbean Islands want strategic alliances with UK
Antigua and Barbuda is keen to make strategic alliances with UK companies, to fend off the US’s current clampdown on internet betting sites. The Caribbean Island state has seen the number of gaming operators in its jurisdiction fall from 120 at its height, to a low of 22.Gaming Corp acquisitions showing healthy growth
Gambling.com is showing ‘encouraging signs’ according to management after generating a net income of £105,000 in May, its first full month as part of the Gaming Corporation group. Other acquisition, Casino.co.uk, also recorded a 1m increase in visitors, up to 4m, in the same period.Universal stays in Singapore bidding
Contrary to recent reports, US entertainment company Universal Studios is still in a consortium, headed by Genting, planning to bid for one of Singapore’s two casino licenses. The proposal will see the companies develop a casino on Singapore’s resort island of Sentosa.Harrah’s Atlantic City expansion project to begin later this year
Harrah plans to start its $458m expansion project in Atlantic City later this year. The Las Vegas-based company is currently waiting on final approval from the Casino Reinvestment Development Authority, who recently approved a tax incentive programme for the project.Interesting news about the done brothers, they also run a playtech powered casino, betfred.com and have many uk betting offices, and the man at the top Fred Done, is aiming to be the number one in the UK with his motto “the bonus king” he might one day get there, however his generous bonuses are for sports bettors and dont extend to his casino!
Also re casino.co.uk a 1m jump in visitors?? ummm not sure thats factual
re: casino.co.uk, I can assure you it’s factual. However, it is not an acquisition, it is Gaming Corp’s original property.
