Too many poker celebrities? by Greg Tingle - 29th August 2008
Is the celebrity poker market becoming overcrowded? For that matter, is the online casino and online poker market flooded with not only too many celebrities, but too many casino and poker brands?
Let's play word - brand - name association...
Richard Branson - Virgin
Calvin Ayre - Bodog (regardless of the fact he sold it to Morris Mohawk Gaming Group)
Shane Warne - 888
Chris Moneymaker - Poker Stars (and World Series of Poker)... ok, Moneymaker was a regular player, with a great name who "made it", but you get the point
Many online casino and poker websites and portals make no secret of the fact that prefer one of two brands. The exception is when they just back one brand like "The Wizrd of Odds" Michael Shackleford public and shameless pushing of Bodog.. tip, it's got more to do with no pop ups appearing on Bodog, especially considering the current legal going ons at Bodog, which are also of course related to Morris Mohawk to some extent.
Brian Balsbaugh, owner of poker talent agency Poker Royalty explains. "Many poker sites have been successful using top professionals by having them provide content for the site. This gives customers a reason to revisit the site to get updates and instructional information from the top names in poker. That’s done through trip reports and ‘Hand of the Week’ kind of articles, as well as offering the ability to interact with the players themselves."
There's a ton of brands out there in the online casino and online poker world, and just as many affiliate programs.
Media Man Australia opens up on some of its affiliates here and here!
So, who are Media Man's top picks for this month?
Virgin Casino
Virgin Poker
PKR Casino
PKR Poker
Lasseters Online Casino
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Poker
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Virgin Casino
Saturday, August 30, 2008
Pacific Poker to send players to Poker Open V, by Sarah Polson - 29th August 2008
888 will be bringing together pros, stars and poker players from around the world for the Poker Open V at the end of October.
The tournament is limited to 108 seats which will be filled by eight celebrities, 65 professional poker players and 35 online qualifiers at 888's Pacific Poker online poker site. Those players will have a shot at a piece of a $648,000 prize pool, with $250,000 of that going to the winner.
Formerly known as the U.K. Open, the 888 Poker Open will take place Oct. 27-Nov.7 at the Maidstone television studios. The event will be filmed to be broadcast on SkySports between January and June 2009.
"The 888.com Poker Open Championship is certainly a highlight in the poker calendar. Now in its fifth year, the competition is attracting some of the best players in the world which makes for an even more competitive tournament than last year," said Matt Robinson, 888 marketing director.
"The TV cameras will no doubt capture all the excitement and unexpected turns from start to finish."
Shane Warne and Ronnie O'Sullivan will be two of the celebrities taking to the felt in the event. Some of the poker pros confirmed to play are Andy Black, Roland De Wolf, Richard Ashby, Neil Channing and Jeff Fenech.
Online poker players hoping to join them need to head to Pacific Poker to win a seat. The poker site will be hosting country-specific tournaments each week to battle for spots in a weekly international final.
The national tournaments will take place each Thursday during the seven Thursdays leading up to the 888 Poker Open V. The top five players from each national tournament will move on to a weekly final on the Sunday of that week to compete for an $8,500 prize package to the Poker Open.
The country-specific satellites are as follows:
* Germany: 3:25 p.m.
* France: 3:10 p.m.
* Italy: 3:15 p.m.
* Canada: 9:15 p.m.
* Australia: 7 a.m.
* Netherlands: 3:20 p.m.
* Portugal: 4 p.m.
* Spain: 4:15 p.m.
* Denmark: 3:45 p.m.
* Sweden: 3:35 p.m.
* Rest of the world: 10:00 a.m.
(Note: All times listed in this article are Pacific Poker Time.)
"Every country has a certain national style when it comes to poker, and each country's Thursday satellite is expected to play out quite differently," said Pacific Poker. "Which only makes the international final on Saturdays that much more exciting."
With only the top five players moving on to the weekly final, that means there will be a one in 60 shot at winning the Poker Open V prize package.
The Saturday finals will take place at 10 a.m. and have the following prizes:
* 1st Place: $8,500 package to the 888 Poker Open V
* 2nd Place: $300+$30 buy-in to another 888 Poker Open V satellite
* 3rd-6th Place: $60+$6 buy-in to the next 888 Poker Open V sub-satellite
* 7th-10th Place: $30+$3 buy-in to the next 888 Poker Open V sub-satellite
That last two weeks the prize pool will change slightly, offering:
* 1st place: $8,500 package to the 888 Poker Open V
* 2nd- 4th place: Seat to our $200 + $20 Monday's $100K guaranteed
* 5th - 10th place: Free $50 + $5 buy-in to the weekly $20K guaranteed
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Shane Warne
Jeff Fenech
Poker
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888 will be bringing together pros, stars and poker players from around the world for the Poker Open V at the end of October.
The tournament is limited to 108 seats which will be filled by eight celebrities, 65 professional poker players and 35 online qualifiers at 888's Pacific Poker online poker site. Those players will have a shot at a piece of a $648,000 prize pool, with $250,000 of that going to the winner.
Formerly known as the U.K. Open, the 888 Poker Open will take place Oct. 27-Nov.7 at the Maidstone television studios. The event will be filmed to be broadcast on SkySports between January and June 2009.
"The 888.com Poker Open Championship is certainly a highlight in the poker calendar. Now in its fifth year, the competition is attracting some of the best players in the world which makes for an even more competitive tournament than last year," said Matt Robinson, 888 marketing director.
"The TV cameras will no doubt capture all the excitement and unexpected turns from start to finish."
Shane Warne and Ronnie O'Sullivan will be two of the celebrities taking to the felt in the event. Some of the poker pros confirmed to play are Andy Black, Roland De Wolf, Richard Ashby, Neil Channing and Jeff Fenech.
Online poker players hoping to join them need to head to Pacific Poker to win a seat. The poker site will be hosting country-specific tournaments each week to battle for spots in a weekly international final.
The national tournaments will take place each Thursday during the seven Thursdays leading up to the 888 Poker Open V. The top five players from each national tournament will move on to a weekly final on the Sunday of that week to compete for an $8,500 prize package to the Poker Open.
The country-specific satellites are as follows:
* Germany: 3:25 p.m.
* France: 3:10 p.m.
* Italy: 3:15 p.m.
* Canada: 9:15 p.m.
* Australia: 7 a.m.
* Netherlands: 3:20 p.m.
* Portugal: 4 p.m.
* Spain: 4:15 p.m.
* Denmark: 3:45 p.m.
* Sweden: 3:35 p.m.
* Rest of the world: 10:00 a.m.
(Note: All times listed in this article are Pacific Poker Time.)
"Every country has a certain national style when it comes to poker, and each country's Thursday satellite is expected to play out quite differently," said Pacific Poker. "Which only makes the international final on Saturdays that much more exciting."
With only the top five players moving on to the weekly final, that means there will be a one in 60 shot at winning the Poker Open V prize package.
The Saturday finals will take place at 10 a.m. and have the following prizes:
* 1st Place: $8,500 package to the 888 Poker Open V
* 2nd Place: $300+$30 buy-in to another 888 Poker Open V satellite
* 3rd-6th Place: $60+$6 buy-in to the next 888 Poker Open V sub-satellite
* 7th-10th Place: $30+$3 buy-in to the next 888 Poker Open V sub-satellite
That last two weeks the prize pool will change slightly, offering:
* 1st place: $8,500 package to the 888 Poker Open V
* 2nd- 4th place: Seat to our $200 + $20 Monday's $100K guaranteed
* 5th - 10th place: Free $50 + $5 buy-in to the weekly $20K guaranteed
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Pacific Poker
Shane Warne
Jeff Fenech
Poker
Celebrity Poker
Poker and Casino News
Casino News Media
Australian Casinos Profiles Updated
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Eastside Cannery: Opening Night Lures Crowd, By Arnold M. Knightly - Review -Journal - 29th August 2008
Thousands flock to newest competitor on Boulder Strip
There was little sign of the economic slowdown in gaming Thursday night at the opening of the $250 million Eastside Cannery.
Hundreds waited in the stifling heat, some as long as 21/2 hours, for the valley's latest hotel-casino to open to the public at 8 p.m.
Donna Applegate, who arrived at 5:30 p.m., said it was time for a new casino in the area.
She added that as the economy has gotten worse, she believed that locals casinos have been tightening their slots.
"I am hoping the machines are loose," Applegate said. "I want to win, and if I do, I'll be back."
Nearly 30 minutes after the doors opened, a few thousand people had arrived, causing traffic problems in the parking lot and along Boulder Highway.
But not all customers were greeted with open arms.
Families with children and the curious under age 21 were turned away by security unless they were eating in one of the restaurants.
William Wortman, co-owner of Cannery Casino Resorts, said the company built as nice a locals casino as there is in the market for a competitive price.
"We think it brings a new dimension to the east side of town," Wortman said. "We're extremely proud of what we've done here."
Personally, Wortman said, he was most proud that 250 employees from the demolished Nevada Palace made the transition to the new property.
The Eastside Cannery opened its doors on a holiday weekend but in a locals market that has been shaken by high gasoline prices, a mortgage crisis and an uncertain job market.
A question that a lot of the neighboring property owners will be asking today is: How many of the Cannery's customers were ours, and will they come back to us after Thursday night?
A two-hour V.I.P. party before the public opening was attended by many executives from competing gaming companies Boyd Gaming Corp. and Station Casinos, including Stations Chairman and CEO Frank Fertitta III.
Also attending the party were executives and billionaire James Packer from Crown Ltd., the Melbourne, Australia-based gaming company buying Cannery Casino Resorts for $1.8 billion.
Station Casinos spokeswoman Lori Nelson said at the V.I.P. event, "We view the Cannery as competition, and we take competition very seriously."
Station Casinos recently spent $50 million at the nearby Boulder Station renovating various areas, including the buffet, sports book and bingo room. The company will begin a room renovation this fall.
Brian McGill, an analyst for Wachovia Capital Markets who toured the property earlier, said in an investor's note Thursday that he suspects the new property will "take significant share" of customers from Boyd Gaming's Sam's Town, which is next door.
He said he was impressed by "the high quality" of the Eastside Cannery.
"For Boyd (Gaming Corp.), it will be a question of whether the customer base is loyal enough not to give up on the property," McGill wrote. "It remains to be seen whether Boyd will begin to aggressively promote Sam's Town to try to keep its customers."
McGill said the new property should negatively affect Boyd's cash flow, which already is down 8.7 percent at its six locals casinos this year.
Sam's Town accounts for about 23 percent of the company's locals cash flow.
Boyd spokesman Rob Stillwell declined to comment on the Eastside Cannery's opening and its expected impact on his company's properties.
In addition to Sam's Town, the new property joins Arizona Charlie's Boulder and a series of smaller operators along a three-mile stretch of Boulder Highway south of U.S. Highway 95 that was envisioned, at one point, as being a locals Strip.
The Eastside Cannery has 2,187 slot machines and 26 table games on the casino floor.
This is a significant increase from the nearly 485 slots and nine table games that the Nevada Palace, which the Eastside Cannery is replacing, had.
The Eastside Cannery features a 16-story hotel tower with 307 rooms, a 20,000-square-foot ballroom with meeting spaces. The hotel-casino also will have a 450-seat bingo hall, six restaurants, and a pool, spa and sports book.
The new property sits on 27 acres with room for expansion.
The Eastside Cannery is the first major hotel-casino to open on the Boulder Strip, the third largest gaming sector by revenue in Nevada, since Station Casinos opened Boulder Station 14 years ago.
Gaming revenues along the Boulder Strip, which includes Sunset Station in Henderson, decreased 2.44 percent to $903.2 million between July 2007 and June 30.
More recently, revenues dropped 8.24 percent to $214.8 million for the three months ended June 30.
Cannery Casino Resorts was founded by Wortman and casino veteran Bill Paulos. Cannery Casino Resorts also owns the Cannery in North Las Vegas, which opened in 2003, and operates the Rampart Casino at the JW Marriott at Summerlin.
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Thousands flock to newest competitor on Boulder Strip
There was little sign of the economic slowdown in gaming Thursday night at the opening of the $250 million Eastside Cannery.
Hundreds waited in the stifling heat, some as long as 21/2 hours, for the valley's latest hotel-casino to open to the public at 8 p.m.
Donna Applegate, who arrived at 5:30 p.m., said it was time for a new casino in the area.
She added that as the economy has gotten worse, she believed that locals casinos have been tightening their slots.
"I am hoping the machines are loose," Applegate said. "I want to win, and if I do, I'll be back."
Nearly 30 minutes after the doors opened, a few thousand people had arrived, causing traffic problems in the parking lot and along Boulder Highway.
But not all customers were greeted with open arms.
Families with children and the curious under age 21 were turned away by security unless they were eating in one of the restaurants.
William Wortman, co-owner of Cannery Casino Resorts, said the company built as nice a locals casino as there is in the market for a competitive price.
"We think it brings a new dimension to the east side of town," Wortman said. "We're extremely proud of what we've done here."
Personally, Wortman said, he was most proud that 250 employees from the demolished Nevada Palace made the transition to the new property.
The Eastside Cannery opened its doors on a holiday weekend but in a locals market that has been shaken by high gasoline prices, a mortgage crisis and an uncertain job market.
A question that a lot of the neighboring property owners will be asking today is: How many of the Cannery's customers were ours, and will they come back to us after Thursday night?
A two-hour V.I.P. party before the public opening was attended by many executives from competing gaming companies Boyd Gaming Corp. and Station Casinos, including Stations Chairman and CEO Frank Fertitta III.
Also attending the party were executives and billionaire James Packer from Crown Ltd., the Melbourne, Australia-based gaming company buying Cannery Casino Resorts for $1.8 billion.
Station Casinos spokeswoman Lori Nelson said at the V.I.P. event, "We view the Cannery as competition, and we take competition very seriously."
Station Casinos recently spent $50 million at the nearby Boulder Station renovating various areas, including the buffet, sports book and bingo room. The company will begin a room renovation this fall.
Brian McGill, an analyst for Wachovia Capital Markets who toured the property earlier, said in an investor's note Thursday that he suspects the new property will "take significant share" of customers from Boyd Gaming's Sam's Town, which is next door.
He said he was impressed by "the high quality" of the Eastside Cannery.
"For Boyd (Gaming Corp.), it will be a question of whether the customer base is loyal enough not to give up on the property," McGill wrote. "It remains to be seen whether Boyd will begin to aggressively promote Sam's Town to try to keep its customers."
McGill said the new property should negatively affect Boyd's cash flow, which already is down 8.7 percent at its six locals casinos this year.
Sam's Town accounts for about 23 percent of the company's locals cash flow.
Boyd spokesman Rob Stillwell declined to comment on the Eastside Cannery's opening and its expected impact on his company's properties.
In addition to Sam's Town, the new property joins Arizona Charlie's Boulder and a series of smaller operators along a three-mile stretch of Boulder Highway south of U.S. Highway 95 that was envisioned, at one point, as being a locals Strip.
The Eastside Cannery has 2,187 slot machines and 26 table games on the casino floor.
This is a significant increase from the nearly 485 slots and nine table games that the Nevada Palace, which the Eastside Cannery is replacing, had.
The Eastside Cannery features a 16-story hotel tower with 307 rooms, a 20,000-square-foot ballroom with meeting spaces. The hotel-casino also will have a 450-seat bingo hall, six restaurants, and a pool, spa and sports book.
The new property sits on 27 acres with room for expansion.
The Eastside Cannery is the first major hotel-casino to open on the Boulder Strip, the third largest gaming sector by revenue in Nevada, since Station Casinos opened Boulder Station 14 years ago.
Gaming revenues along the Boulder Strip, which includes Sunset Station in Henderson, decreased 2.44 percent to $903.2 million between July 2007 and June 30.
More recently, revenues dropped 8.24 percent to $214.8 million for the three months ended June 30.
Cannery Casino Resorts was founded by Wortman and casino veteran Bill Paulos. Cannery Casino Resorts also owns the Cannery in North Las Vegas, which opened in 2003, and operates the Rampart Casino at the JW Marriott at Summerlin.
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Asian largest poker tournament to begin today - 29th August 2008
The Asian Poker Tour Macau will begin today with the first card of the main event
following yesterday's welcome reception and satellite tournaments. The event will run from August 27 to 31 and is being held at the StarWorld casino.
The latest development sees a surprise visit by the legendary Jack Binion, host of the first World Series of Poker at the Horseshoe in 1970. Binion and "Godfather of Poker" Doyle Brunson will join tournament director Matt Savage to call "Shuffle Up and Deal" to open the prestigious event.
Yesterday Brunson took part in a book signing, and, after lines and lines of people
queued round the block to meet the legend, he was in no doubt about the significance of his visit. Brunson said, "I have been to so many tournaments and so many places in the world but I have to say I am so impressed with The Asian Poker Tour and Macau. This is the first time I have been here." "I thought Las Vegas was the gambling capital of the world but I was wrong, it feels like coming home."
Member of the "November Nine" on the final table of last year's world series,
Michael "Chino" Rheem, is playing the APT Macau and joins a formidable line-up of
champions and legends.
Chinese-born 10 time world champion bracelet winner and Rounders' film legend Johnny Chan will be in a field that also includes Todd Brunson, Liz Lieu, J.C Tran, Kenny Tran, John Juanda, Nam Le, Quinn Do, Steve Sung, Huck Seed, Mel Judah, Mansour Matloubi and APT Philippines champion David Saab.
All have their eyes on glory and history at Asia's richest tournament. The buy-in for the main event is USD 5300. The event organizers had also extended an open invitation to Olympic megastar and poker nut Michael Phelps. Experts believe that the Vietnamese contingent will be strong and are the ones to watch out for with JC Tran, Kenny Tran, Le, Do and Lieu leading the charge.
The APT Macau is making history by offering USD 1.5 million; the largest guaranteed
prize pool ever to be offered in Asia, with the first prize also guaranteed at USD
500,000. Many of the big names are also expected to take part in an exciting USD 128,079 high stakes cash game on Friday at the StarWorld.
Chris Parker, CEO of the Asian Poker Tour said, "We're delighted that so many world
class names want to be part of the Asian Poker Tour. To have Vegas legends Jack Binion and Doyle Brunson in Macau to kick-off off the tournament is truly significant. Both are pioneers and were around at the start in Vegas and it really says something that they want to mark what we think will herald the start of a poker explosion in Macau."
"With the presence of online qualifiers from around the world too, the Asian Poker Tour has a very bright future. We're proud to make history by holding Asia's biggest guaranteed tournament."
Joining the stars are players from all over the world who have won seats to the event by qualifying through online satellites at PartyPoker.com, DafaPoker, PKR, Titan Poker, Bodog, JBet Poker, Virgin Poker, and Poker Trillion David Saab of Australia won the top prize of USD 280,000 at the first leg of the Asian Poker Tour in Manila on June 1.
He recently finished 46th in the World Series main event, winning USD 135,100, and hopes to add a second APT championship to his poker accomplishments. The APT has also created a special leader board that rewards players who take part in every leg of the tour.
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Doyle Brunson
World Series of Poker
Virgin Poker
Macau
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The Asian Poker Tour Macau will begin today with the first card of the main event
following yesterday's welcome reception and satellite tournaments. The event will run from August 27 to 31 and is being held at the StarWorld casino.
The latest development sees a surprise visit by the legendary Jack Binion, host of the first World Series of Poker at the Horseshoe in 1970. Binion and "Godfather of Poker" Doyle Brunson will join tournament director Matt Savage to call "Shuffle Up and Deal" to open the prestigious event.
Yesterday Brunson took part in a book signing, and, after lines and lines of people
queued round the block to meet the legend, he was in no doubt about the significance of his visit. Brunson said, "I have been to so many tournaments and so many places in the world but I have to say I am so impressed with The Asian Poker Tour and Macau. This is the first time I have been here." "I thought Las Vegas was the gambling capital of the world but I was wrong, it feels like coming home."
Member of the "November Nine" on the final table of last year's world series,
Michael "Chino" Rheem, is playing the APT Macau and joins a formidable line-up of
champions and legends.
Chinese-born 10 time world champion bracelet winner and Rounders' film legend Johnny Chan will be in a field that also includes Todd Brunson, Liz Lieu, J.C Tran, Kenny Tran, John Juanda, Nam Le, Quinn Do, Steve Sung, Huck Seed, Mel Judah, Mansour Matloubi and APT Philippines champion David Saab.
All have their eyes on glory and history at Asia's richest tournament. The buy-in for the main event is USD 5300. The event organizers had also extended an open invitation to Olympic megastar and poker nut Michael Phelps. Experts believe that the Vietnamese contingent will be strong and are the ones to watch out for with JC Tran, Kenny Tran, Le, Do and Lieu leading the charge.
The APT Macau is making history by offering USD 1.5 million; the largest guaranteed
prize pool ever to be offered in Asia, with the first prize also guaranteed at USD
500,000. Many of the big names are also expected to take part in an exciting USD 128,079 high stakes cash game on Friday at the StarWorld.
Chris Parker, CEO of the Asian Poker Tour said, "We're delighted that so many world
class names want to be part of the Asian Poker Tour. To have Vegas legends Jack Binion and Doyle Brunson in Macau to kick-off off the tournament is truly significant. Both are pioneers and were around at the start in Vegas and it really says something that they want to mark what we think will herald the start of a poker explosion in Macau."
"With the presence of online qualifiers from around the world too, the Asian Poker Tour has a very bright future. We're proud to make history by holding Asia's biggest guaranteed tournament."
Joining the stars are players from all over the world who have won seats to the event by qualifying through online satellites at PartyPoker.com, DafaPoker, PKR, Titan Poker, Bodog, JBet Poker, Virgin Poker, and Poker Trillion David Saab of Australia won the top prize of USD 280,000 at the first leg of the Asian Poker Tour in Manila on June 1.
He recently finished 46th in the World Series main event, winning USD 135,100, and hopes to add a second APT championship to his poker accomplishments. The APT has also created a special leader board that rewards players who take part in every leg of the tour.
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World Series of Poker
Virgin Poker
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AGE gaming event generates strong sales leads - Press Release - 29th August 2008
Initial feedback following this week’s Australasian Gaming Expo has been extremely positive, with exhibitors encouraged by the attendance of quality buyers during the show at Sydney’s Darling Harbour.
“All in all, we welcomed just under 10,000 visitors at the three day exhibition and conference,” said Mr Ross Ferrar, Chief Executive of the organisers, Gaming Technologies Association.
“While the numbers were slightly down on last year’s event, we are not surprised, given the current global and local economic downturn.
“We are pleased that exhibitors received strong sales leads from this year’s event. And, visitors to the trade show also enjoyed the conference and networking opportunities to catch up with their industry peers and colleagues”.
Trade show suppliers at the show are generally upbeat about the future of the gaming and hospitality market, and confident that the Asia Pacific region is at the forefront of technology.
Next year’s AGE is the 20th Anniversary of Australasia’s premier trade show for the gaming industry, scheduled for 16-18 August 2009.
Gaming Technologies Association, who organise and host the event, promise a spectacular gaming show next year.
“The gaming industry is global, with the Asia Pacific region leading the charge for future growth while providing the experience and knowledge gained from decades of successful operations,” said Mr Ferrar from GTA.
This year’s Australasian Gaming Expo showcased more than 200 exhibitors over three halls at the Sydney Convention and Exhibition Centre, and the unique AGE Gaming Conference. Entry to both the exhibition and the conference was complimentary to industry delegates, courtesy of the GTA.
The 2009 Australasian Gaming Expo and 20th annual event will be held 16-18 August 2009.
GTA hosts and operates the annual Australasian Gaming Expo (AGE) and the New Zealand Gaming Expo. Further information about the AGE is available at www.austgamingexpo.com
Gaming Technologies Association (GTA) is a not-for-profit industry association, established in 1990 as the Australasian Gaming Machine Manufacturers Association for the purpose of promoting the development of the manufacturing resources of Australia. GTA members provide technology and equipment to hospitality venues in over 250 jurisdictions around the world. GTA's members are Ainsworth Game Technology, Aristocrat Technologies, Aruze Gaming Australia, Global Gaming Industries, IGT (Australia), Konami Australia, and Stargames Corporation.
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Casino News Media
Initial feedback following this week’s Australasian Gaming Expo has been extremely positive, with exhibitors encouraged by the attendance of quality buyers during the show at Sydney’s Darling Harbour.
“All in all, we welcomed just under 10,000 visitors at the three day exhibition and conference,” said Mr Ross Ferrar, Chief Executive of the organisers, Gaming Technologies Association.
“While the numbers were slightly down on last year’s event, we are not surprised, given the current global and local economic downturn.
“We are pleased that exhibitors received strong sales leads from this year’s event. And, visitors to the trade show also enjoyed the conference and networking opportunities to catch up with their industry peers and colleagues”.
Trade show suppliers at the show are generally upbeat about the future of the gaming and hospitality market, and confident that the Asia Pacific region is at the forefront of technology.
Next year’s AGE is the 20th Anniversary of Australasia’s premier trade show for the gaming industry, scheduled for 16-18 August 2009.
Gaming Technologies Association, who organise and host the event, promise a spectacular gaming show next year.
“The gaming industry is global, with the Asia Pacific region leading the charge for future growth while providing the experience and knowledge gained from decades of successful operations,” said Mr Ferrar from GTA.
This year’s Australasian Gaming Expo showcased more than 200 exhibitors over three halls at the Sydney Convention and Exhibition Centre, and the unique AGE Gaming Conference. Entry to both the exhibition and the conference was complimentary to industry delegates, courtesy of the GTA.
The 2009 Australasian Gaming Expo and 20th annual event will be held 16-18 August 2009.
GTA hosts and operates the annual Australasian Gaming Expo (AGE) and the New Zealand Gaming Expo. Further information about the AGE is available at www.austgamingexpo.com
Gaming Technologies Association (GTA) is a not-for-profit industry association, established in 1990 as the Australasian Gaming Machine Manufacturers Association for the purpose of promoting the development of the manufacturing resources of Australia. GTA members provide technology and equipment to hospitality venues in over 250 jurisdictions around the world. GTA's members are Ainsworth Game Technology, Aristocrat Technologies, Aruze Gaming Australia, Global Gaming Industries, IGT (Australia), Konami Australia, and Stargames Corporation.
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Poker and Casino News
Casino News Media
Aristocrat pins recovery hopes on new games - The Sydney Morning Herald - 29th August 2008
Aristocrat Leisure is pinning its hopes on new games to improve market share and sales over the year but warned it did not expect market conditions to improve in the short term.
The manufacturer, distributor and servicer of gaming machines yesterday posted a 43.4 per cent fall in first half 2008 profit as challenging economic conditions and the high Australian dollar impacted on its earnings.
The company reported a net profit of $71.38 million for the six months to June 30, down from $125.87 million in the corresponding half last year.
The result was just above its guidance for a profit of $70 million.
The company yesterday also settled the largest class action in Australia in the Federal Court.
Aristocrat will pay out more than $144 million to thousands of shareholders after the court found it had misstated earnings on two occasions and issued a subsequent profit forecast that was unattainable.
This resulted in a share price plunge and losses for its shareholders when the true state of the company was revealed.
Outgoing chief executive Paul Oneile declined to comment on the outcome, concentrating instead on the interim result. Mr Oneile, who plans to leave Aristocrat at the end of the year, said the company was gaining traction with sales of a new machine and games on its Gen7 platform.
"We only got the approvals (for the games) in NSW in April, so for the first quarter we weren't selling much into the NSW market at all," Mr Oneile said. "Since those approvals have come through, our sales have picked up significantly so we're actually going into the second half obtaining a much greater market share of the overall new sales than we had in the first half."
Aristocrat blamed its disappointing first-half performance on unfavourable economic and regulatory conditions in the group's two largest regions, Australia and North America.
Total revenue for the half year was $466.3 million, down from $558.1 million in the first half of 2007.
Aristocrat posted earnings falls in Australia, New Zealand and North America, but improved profits in Japan.
Mr Oneile said the first half of 2008 had been particularly challenging, with replacement demand in the group's key markets running at historic lows.
"At the same time, we have suffered from operator reluctance to purchase product ahead of the availability of our new Viridian cabinet and Gen7 platform and a larger library of content."
In Australia, revenue fell 23.2 per cent while profits dropped 37.2 per cent.
Legal gamble pays off for shareholder - The Sydney Morning Herald - 29th August 2008
Australia's largest shareholder class action has been formally settled for $144.5 million in the Federal Court after plaintiff law firm Maurice Blackburn and its target, Aristocrat Leisure, jointly asked Justice Margaret Stone to approve a deal they struck in May.
The settlement outstrips the $112 million agreement struck by GIO shareholders in 2003.
Aristocrat shares gained 13 cents, or 2.3 per cent, to close at $5.72.
Unlike GIO, which settled before hearings began, the Aristocrat case was settled after a full trial in October.
Another difference is that the Aristocrat case was supported by a litigation funder, IMF (Australia), which paid the legal fees and took the risk of an adverse costs order.
In return, IMF expects to receive about $37 million from the settlement proceeds.
The settlement involves Aristocrat paying $109 million to clients of Maurice Blackburn who signed a funding agreement with IMF and $27 million to other shareholders.
The company will also pay $8.5 million in legal costs and incur expenses of up to $40 million.
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Aristocrat Leisure is pinning its hopes on new games to improve market share and sales over the year but warned it did not expect market conditions to improve in the short term.
The manufacturer, distributor and servicer of gaming machines yesterday posted a 43.4 per cent fall in first half 2008 profit as challenging economic conditions and the high Australian dollar impacted on its earnings.
The company reported a net profit of $71.38 million for the six months to June 30, down from $125.87 million in the corresponding half last year.
The result was just above its guidance for a profit of $70 million.
The company yesterday also settled the largest class action in Australia in the Federal Court.
Aristocrat will pay out more than $144 million to thousands of shareholders after the court found it had misstated earnings on two occasions and issued a subsequent profit forecast that was unattainable.
This resulted in a share price plunge and losses for its shareholders when the true state of the company was revealed.
Outgoing chief executive Paul Oneile declined to comment on the outcome, concentrating instead on the interim result. Mr Oneile, who plans to leave Aristocrat at the end of the year, said the company was gaining traction with sales of a new machine and games on its Gen7 platform.
"We only got the approvals (for the games) in NSW in April, so for the first quarter we weren't selling much into the NSW market at all," Mr Oneile said. "Since those approvals have come through, our sales have picked up significantly so we're actually going into the second half obtaining a much greater market share of the overall new sales than we had in the first half."
Aristocrat blamed its disappointing first-half performance on unfavourable economic and regulatory conditions in the group's two largest regions, Australia and North America.
Total revenue for the half year was $466.3 million, down from $558.1 million in the first half of 2007.
Aristocrat posted earnings falls in Australia, New Zealand and North America, but improved profits in Japan.
Mr Oneile said the first half of 2008 had been particularly challenging, with replacement demand in the group's key markets running at historic lows.
"At the same time, we have suffered from operator reluctance to purchase product ahead of the availability of our new Viridian cabinet and Gen7 platform and a larger library of content."
In Australia, revenue fell 23.2 per cent while profits dropped 37.2 per cent.
Legal gamble pays off for shareholder - The Sydney Morning Herald - 29th August 2008
Australia's largest shareholder class action has been formally settled for $144.5 million in the Federal Court after plaintiff law firm Maurice Blackburn and its target, Aristocrat Leisure, jointly asked Justice Margaret Stone to approve a deal they struck in May.
The settlement outstrips the $112 million agreement struck by GIO shareholders in 2003.
Aristocrat shares gained 13 cents, or 2.3 per cent, to close at $5.72.
Unlike GIO, which settled before hearings began, the Aristocrat case was settled after a full trial in October.
Another difference is that the Aristocrat case was supported by a litigation funder, IMF (Australia), which paid the legal fees and took the risk of an adverse costs order.
In return, IMF expects to receive about $37 million from the settlement proceeds.
The settlement involves Aristocrat paying $109 million to clients of Maurice Blackburn who signed a funding agreement with IMF and $27 million to other shareholders.
The company will also pay $8.5 million in legal costs and incur expenses of up to $40 million.
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What Is Online Publishing?
If you’re reading this, chances are you’re familiar with at least some basic forms of online publishing. But what is online publishing, exactly?
In the most general sense, online publishing simply refers to any kind of content that’s published and distributed on the internet. This could include anything from blog posts and articles to video content creation and infographics.
But while the definition of online publishing is fairly straightforward, there’s a lot more to it than meets the eye (like: what digital publishing platforms to use). In this complete guide, we’ll take a closer look at everything you need to know about online publishing.
By the end of this article, you should have a firm understanding of what online publishing is and how it can be used to reach your target audience. So let’s get started!
Benefits Of Online Publishing
There are many benefits of online publishing, including:
Reach a global audience: Digital publications will find that they can reach readers all over the world with just a few clicks.
Cost-effective: There are no printing or distribution costs associated with online publishing, so it can be a very cost-effective way to get your work out there.
Immediate feedback: Readers can leave comments and feedback on your work almost immediately, which can be extremely valuable for getting constructive criticism and improving future work.
Increased visibility: E-publishing can help increase the visibility of your work, which can lead to more readers and followers. Folks can find you easily with a wifi connection, even using their smartphone, laptops, or e-reader to access your published content.
Greater control: With online publishing, you have complete control over how your work is presented and distributed, so you can make sure it reaches the right audience.
Monetization: There are plenty of ways to monetize your content, like serving ads on your page to readers, subscriptions-based business models, affiliate marketing links, or sponsored content.
Types Of Content For Online Publishing
There are many different types of content that can be published online, from blog posts and articles to eBooks and audio files. The best way to determine what type of content will work best for your online publication is to consider your audience and what they are looking for. Here are some popular types of content for online publishing:
Blog Posts: Blog posts are a great way to share your thoughts and ideas with the world. They can be about any topic you like, and you can easily incorporate images, videos, and links into your post to make it more engaging.
Articles: Articles are similar to blog posts, but they tend to be more informative in nature. If you have expertise on a particular subject, writing articles can be a great way to share your knowledge with others.
Digital Magazines: Digital or online magazines generally follow the format you would expect from a traditional, in-print magazine…only, they are entirely online. An example would be The Ecclesiestical Review, an arts and culture magazine.
eBooks: eBooks are a great way to share longer pieces of writing with your audience. They can be downloaded and read on various devices, increasing functionality and convenience for busy people who want to learn more about a certain topic.
Audio Files: Audio files are another popular type of content for online publishing. You can create podcasts or simply record yourself talking about a particular subject. This is a great option for people who prefer to listen to information instead of reading it.
Interactive Content: This may include something simple like the ability to “zoom in/out” on a product photo but it can also go more in-depth with multimedia elements. Think: reader instigated animations, parallax scrolling, or embedded tutorials/wizards.
Examples Of Online Publishing
There are a number of different ways that you can publish online, and the method that you choose will depend on your specific goals and needs. Here are some common examples of online publishing:
Blogs: A blog is a personal website or web diary where you can share your thoughts and ideas with the world. You can set up a blog for free using platforms like WordPress or Blogger.
Podcasts: A podcast is audio content usually published on third-party platforms like Spotify or Apple Podcasts. Podcasts are great because they can be collaborative; you can invite guests and experts to join you in discussions.
Social media: Social media platforms like Facebook, Twitter, and Instagram are great ways to share your content with a large audience. You can use social media to promote your blog posts, articles, or other forms of content.
E-commerce: If you sell products or services online, then you’re already engaged in e-commerce publishing for retailers. This type of publishing involves creating product pages, catalogs, descriptions, and other forms of content that help promote and sell your products or services.
Press releases: Press releases are short announcements that are often used to promote events or product launches. They can be published on your website or distributed to news outlets and other websites in an effort to generate publicity for your business.
Apps: You may decide to design and promote your own mobile app, whatever that might look like for your unique product/service. The app then becomes your published content and you would manage and promote it accordingly.
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#webtips #onlinepublishing #publishing #digitalpublishing #onlinenews #news #newsmedia #blog #blogs #articles #content #infographic #infographics #audio #video #popculture #niche #nichenews #nichemedia #SEO #SEM #Serps #trend #trends #buzz #AI #AINews #newsbiz #media #mediaman #mediamanint
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Charity Poker Event at Starworld Macau: Doyle Brunson Book Signing, Opening of APT Poker Room - 25th August 2008
Macau, China – 25th August 2008 --- Ahead of the $1.5 million GUARANTEED APT Macau, that runs from the 27th – 31st August, the glamorous Galaxy StarWorld Casino Resort and Hotel will be bustling with the arrival of the world’s greatest poker players. However, Tuesday 26th August is also a hectic day as the APT officially hits town!
At 3.30pm on Tuesday 26th August, the APT Poker Room on Level 2 will be opened. This is followed at 4.30pm by book signings in the lobby by US poker legend Doyle Brunson, the ‘Godfather of Poker,’ who has won 10 WSOP® bracelets and is the most revered poker strategy writer in the world. Doyle will be on hand to meet fans until 6pm. At 7pm a special charity Celebrity Poker Challenge will be hosted by leading poker tournament director Matt Savage. Proceeds go to Caritas De Macau, the social service organization of Macau. The goal of Caritas de Macau is to provide services to the individuals, families, communities and societies, to help them to live in the society in a more humane condition economically, morally and spiritually.
Flying in from Manila to play in the tournament is Manny Pacquiao, universally seen as the best pound for pound boxer in the world and the first Asian boxer to win four world titles in different divisions. The charity game will also feature movie actor Michael Wong, singer Renee Dai, commentator Angie Mak and models Natalie Ng, Erica Yuen, Janice Man, Cha Cha and Wylien Chiu. Also in attendance will be Miss Hong Kong winner Tracy Ip and cult glamour model Tila Tequila. Poker legend Doyle Brunson is also due to participate.
Chris Parker, CEO of the Asian Poker Tour – “We are delighted to bring the APT to Macau and really excited about offering Asia’s largest ever guaranteed prize pool. The charity poker challenge will be good fun, and, most importantly, it is an aid of a brilliant charity in Caritas De Macau.”
“I’m looking forward to Manny Pacquiao going head-to-head with Doyle Brunson. Manny never goes down but will we see the flyweight king get knocked out by the heavyweight poker legend? That said, perhaps both will get distracted by all the models at the table!”
Following the Celebrity Poker Challenge there is an exclusive after party at StarWorld’s famous Whisky Bar.
The APT Macau is a USD $5300 ($5000+$300) tournament and there are two day ones on the 27th and 28th August so there is still time to sign up and play. Amongst the players expected to take part include the Chinese born Johnny Chan, a 10 time WSOP® bracelet holder and the inspiration for Matt Damon and Edward Norton’s characters in the 1998 Hollywood movie ‘Rounders.’ Joining him are top pros Todd Brunson, J.C Tran, Kenny Tran, John Juanda, Liz Lieu, Nam Le, Quinn Do, Steve Sung, Mel Judah, Huck Seed and APT Manila champion David Saab. Vietnamese players are expected to be a dominating force. The event organizers have extended an open invitation to Olympic megastar and poker nut Michael Phelps to take part for free. On Friday, there will be an exclusive HK$1million buy-in high stakes cash game featuring the world’s best players.
Doyle Brunson will also be signing books between 4.30pm and 6pm on the 27th August.
For more information and players profiles and performances catch all the action at www.asianpt.com
ABOUT ASIAN POKER TOUR (APT)
The Asian Poker Tour (APT) is Asia’s biggest and original poker tour. The Tour was recently acquired by AsianLogic (AIM:ALOG). As part of the new organisation of the APT, four events will be held across Asia in 2008. Next year, the Tour plans to increase this to a total of six events. Each tournament is set to attract live players as well as internet players who will qualify via online satellites. Each main event will offer a minimum guaranteed USD $1 million prize pool. David Saab of Australia won the top prize of US$280,000 at the first leg of the Asian Poker Tour in Manila on June 1st. He recently finished 46th in the WSOP Main Event, winning US$135,100, and hopes to add a second APT championship to his poker accomplishments. The official web site of the APT is www.asianpt.com
ABOUT ASIANLOGIC (ALOG)
AsianLogic is a leading online and land-based gaming company focusing on the Asia-Pacific markets. The Company is listed on the AIM market of the London Stock Exchange (AIM: ALOG). AsianLogic owns and operates eight online casino brands and two online poker rooms as well as land-based sportsbook operations through its MegaSportsWorld brand. It is a specialist in Asia-specific games such as Mahjong, Cho-Da-Di, Do-Di-Zhu and 13 Card Poker. The Company owns and operates the Asian Poker Tour. The Company also maintains a corporate advisory team specialising in the gaming sector which is an active investor in gaming-related businesses as well as providing consultancy and analytical services. AsianLogic enjoys strong commercial relationships with leading gaming providers including Playtech, ID Games and LVS. Founded as ESL in 2002, AsianLogic employs over 300 employees, the majority of whom are based in the Philippines.
World Series of Poker”® and “WSOP”® are registered trade marks of Harrah’s License Company LLC. No license, affiliation, sponsorship, or endorsement is claimed, or should be inferred from the use of these trademarks here. AsianLogic is not licensed by or otherwise affiliated with Harrah’s License Company LLC or the World Series of Poker®, in any way.
Media Man Australia Profiles
WSOP
Doyle Brunson
Macau
Poker and Casino News
Casino News Media
Macau, China – 25th August 2008 --- Ahead of the $1.5 million GUARANTEED APT Macau, that runs from the 27th – 31st August, the glamorous Galaxy StarWorld Casino Resort and Hotel will be bustling with the arrival of the world’s greatest poker players. However, Tuesday 26th August is also a hectic day as the APT officially hits town!
At 3.30pm on Tuesday 26th August, the APT Poker Room on Level 2 will be opened. This is followed at 4.30pm by book signings in the lobby by US poker legend Doyle Brunson, the ‘Godfather of Poker,’ who has won 10 WSOP® bracelets and is the most revered poker strategy writer in the world. Doyle will be on hand to meet fans until 6pm. At 7pm a special charity Celebrity Poker Challenge will be hosted by leading poker tournament director Matt Savage. Proceeds go to Caritas De Macau, the social service organization of Macau. The goal of Caritas de Macau is to provide services to the individuals, families, communities and societies, to help them to live in the society in a more humane condition economically, morally and spiritually.
Flying in from Manila to play in the tournament is Manny Pacquiao, universally seen as the best pound for pound boxer in the world and the first Asian boxer to win four world titles in different divisions. The charity game will also feature movie actor Michael Wong, singer Renee Dai, commentator Angie Mak and models Natalie Ng, Erica Yuen, Janice Man, Cha Cha and Wylien Chiu. Also in attendance will be Miss Hong Kong winner Tracy Ip and cult glamour model Tila Tequila. Poker legend Doyle Brunson is also due to participate.
Chris Parker, CEO of the Asian Poker Tour – “We are delighted to bring the APT to Macau and really excited about offering Asia’s largest ever guaranteed prize pool. The charity poker challenge will be good fun, and, most importantly, it is an aid of a brilliant charity in Caritas De Macau.”
“I’m looking forward to Manny Pacquiao going head-to-head with Doyle Brunson. Manny never goes down but will we see the flyweight king get knocked out by the heavyweight poker legend? That said, perhaps both will get distracted by all the models at the table!”
Following the Celebrity Poker Challenge there is an exclusive after party at StarWorld’s famous Whisky Bar.
The APT Macau is a USD $5300 ($5000+$300) tournament and there are two day ones on the 27th and 28th August so there is still time to sign up and play. Amongst the players expected to take part include the Chinese born Johnny Chan, a 10 time WSOP® bracelet holder and the inspiration for Matt Damon and Edward Norton’s characters in the 1998 Hollywood movie ‘Rounders.’ Joining him are top pros Todd Brunson, J.C Tran, Kenny Tran, John Juanda, Liz Lieu, Nam Le, Quinn Do, Steve Sung, Mel Judah, Huck Seed and APT Manila champion David Saab. Vietnamese players are expected to be a dominating force. The event organizers have extended an open invitation to Olympic megastar and poker nut Michael Phelps to take part for free. On Friday, there will be an exclusive HK$1million buy-in high stakes cash game featuring the world’s best players.
Doyle Brunson will also be signing books between 4.30pm and 6pm on the 27th August.
For more information and players profiles and performances catch all the action at www.asianpt.com
ABOUT ASIAN POKER TOUR (APT)
The Asian Poker Tour (APT) is Asia’s biggest and original poker tour. The Tour was recently acquired by AsianLogic (AIM:ALOG). As part of the new organisation of the APT, four events will be held across Asia in 2008. Next year, the Tour plans to increase this to a total of six events. Each tournament is set to attract live players as well as internet players who will qualify via online satellites. Each main event will offer a minimum guaranteed USD $1 million prize pool. David Saab of Australia won the top prize of US$280,000 at the first leg of the Asian Poker Tour in Manila on June 1st. He recently finished 46th in the WSOP Main Event, winning US$135,100, and hopes to add a second APT championship to his poker accomplishments. The official web site of the APT is www.asianpt.com
ABOUT ASIANLOGIC (ALOG)
AsianLogic is a leading online and land-based gaming company focusing on the Asia-Pacific markets. The Company is listed on the AIM market of the London Stock Exchange (AIM: ALOG). AsianLogic owns and operates eight online casino brands and two online poker rooms as well as land-based sportsbook operations through its MegaSportsWorld brand. It is a specialist in Asia-specific games such as Mahjong, Cho-Da-Di, Do-Di-Zhu and 13 Card Poker. The Company owns and operates the Asian Poker Tour. The Company also maintains a corporate advisory team specialising in the gaming sector which is an active investor in gaming-related businesses as well as providing consultancy and analytical services. AsianLogic enjoys strong commercial relationships with leading gaming providers including Playtech, ID Games and LVS. Founded as ESL in 2002, AsianLogic employs over 300 employees, the majority of whom are based in the Philippines.
World Series of Poker”® and “WSOP”® are registered trade marks of Harrah’s License Company LLC. No license, affiliation, sponsorship, or endorsement is claimed, or should be inferred from the use of these trademarks here. AsianLogic is not licensed by or otherwise affiliated with Harrah’s License Company LLC or the World Series of Poker®, in any way.
Media Man Australia Profiles
WSOP
Doyle Brunson
Macau
Poker and Casino News
Casino News Media
Countdown to the Asian Poker Tour, Macau – Home Of Asia’s Largest Guaranteed Prize Pool - 26th August 2008
August 26, 2008 (MACAU, CHINA) – The excitement is building ahead of the second leg of the 2008 Asian Poker Tour in Macau. The event is being held at the bustling Galaxy StarWorld Hotel and Casino, running from August 27 to 31, 2008. The first card of the Main Event will be dealt at 2.30pm on Thursday 28th after a welcome reception and satellites tournaments tomorrow. The latest development sees a surprise visit by the legendary Jack Binion, host of the first World Series of Poker® at the Horseshoe in 1970. Binion and ‘Godfather of Poker’ Doyle Brunson are going to join tournament director Matt Savage to call ‘Shuffle Up and Deal” to open the prestigious event.
This afternoon Doyle Brunson took part in a book signing, and, after lines and lines of people queued around the block to meet the legend, he was in no doubt about the significance of his visit.
Brunson said: “I have been to so many tournaments and so many places in the world but I have to say I am so impressed with The Asian Poker Tour and Macau. This is the first time I have been here.”
“I thought Las Vegas was the gambling capital of the world but I was wrong, it feels like coming home.”
Member of the “November Nine” on the final table of the 2008 WSOP®, Michael ‘Chino’ Rheem, is playing the APT Macau and he joins a formidable line-up of champions and legends taking part. Chinese-born 10 time WSOP® bracelet winner and ‘Rounders’ film legend Johnny Chan will be in a field that also includes Todd Brunson, Liz Lieu, J.C Tran, Kenny Tran, John Juanda, Nam Le, Quinn Do, Steve Sung, Huck Seed, Mel Judah, Mansour Matloubi and APT Philippines champion David Saab. All have their eyes on glory and history at Asia’s richest tournament. The buy-in for the main event is USD $5300 ($5000+$300). The event organizers have also extended an open invitation to Olympic megastar and poker nut Michael Phelps. Experts believe that the Vietnamese contingent will be strong and are the ones to watch out for with JC Tran, Kenny Tran, Le, Do and Lieu leading the charge.
The APT Macau is making history by offering US$1.5 million, the largest guaranteed prize pool ever to be offered in Asia, with the first prize also guaranteed at $500,000. Many of the big names are also expected to take part in an exciting HK$1,000,000 high stakes cash game on Friday at the StarWorld, more details of which will be announced in the near future.
Chris Parker, CEO of the Asian Poker Tour said: “ We’re delighted that so many world class names want to be part of the Asian Poker Tour. To have Vegas legends Jack Binion and Doyle Brunson in Macau to kick-off off the tournament is truly significant. Both are pioneers and were around at the start in Vegas and it really says something that they want to mark what we think will herald the start of a poker explosion in Macau. With the presence of online qualifiers from around the world too, the Asian Poker Tour has a very bright future. We’re proud to make history by holding Asia’s biggest guaranteed tournament.”
Joining the stars are players from all over the world who have won seats to the event by qualifying through online satellites at PartyPoker.com, DafaPoker (http://www.dafapoker.com), PKR, Titan Poker (www.titanpoker.com), Bodog (http://www.bodoglife.co.uk), JBet Poker (http://www.jbet.com), Virgin Poker (http://www.virgingames.com/poker), and Poker Trillion (http://www.pokertrillion.com).
David Saab of Australia won the top prize of US$280,000 at the first leg of the Asian Poker Tour in Manila on June 1st. He recently finished 46th in the WSOP® Main Event, winning US$135,100, and hopes to add a second APT championship to his poker accomplishments. The APT has also created a special leaderboard that rewards players who take part in every leg of the tour.
Further details about the APT Macau, including the schedule of events are available on the official website at www.asianpt.com (http://www.asianpt.com).
ENDS
For more information, please contact:
Warren Lush
Asian Poker Tour
+34 656236600
warrenl@partygaming.com
Melissa Ross
Lyceum Media
+44 (0) 207 953 4026
Melissa@lyceummedia.com
ABOUT ASIAN POKER TOUR (APT)
The Asian Poker Tour (APT) is Asia’s biggest and original poker tour. The Tour was recently acquired by AsianLogic (AIM:ALOG). As part of the new organisation of the APT, four events will be held across Asia in 2008. Next year, the Tour plans to increase this to a total of six events. Each tournament is set to attract live players as well as internet players who will qualify via online satellites. Each main event will offer a minimum guaranteed USD $1 million prize pool. The official web site of the APT is www.asianpt.com
ABOUT ASIANLOGIC (ALL)
AsianLogic is a leading online and land-based gaming company focusing on the Asia-Pacific markets. The Company is listed on the AIM market of the London Stock Exchange (AIM: ALOG). AsianLogic owns and operates eight online casino brands and two online poker rooms as well as land-based sportsbook operations through its MegaSportsWorld brand. It is a specialist in Asia-specific games such as Mahjong, Cho-Da-Di, Do-Di-Zhu and 13 Card Poker. The Company owns and operates the Asian Poker Tour. The Company also maintains a corporate advisory team specialising in the gaming sector which is an active investor in gaming-related businesses as well as providing consultancy and analytical services. AsianLogic enjoys strong commercial relationships with leading gaming providers including Playtech, ID Games and LVS. Founded as ESL in 2002, AsianLogic employs over 300 employees, the majority of whom are based in the Philippines.
World Series of Poker”® and “WSOP”® are registered trade marks of Harrah’s License Company LLC. No license, affiliation, sponsorship, or endorsement is claimed, or should be inferred from the use of these trademarks here. AsianLogic is not licensed by or otherwise affiliated with Harrah’s License Company LLC or the World Series of Poker®, in any way.
Media Man Australia Profiles
Doyle Brunson
Virgin Poker
Poker
Macau
Poker and Casino News
Casino News Media
August 26, 2008 (MACAU, CHINA) – The excitement is building ahead of the second leg of the 2008 Asian Poker Tour in Macau. The event is being held at the bustling Galaxy StarWorld Hotel and Casino, running from August 27 to 31, 2008. The first card of the Main Event will be dealt at 2.30pm on Thursday 28th after a welcome reception and satellites tournaments tomorrow. The latest development sees a surprise visit by the legendary Jack Binion, host of the first World Series of Poker® at the Horseshoe in 1970. Binion and ‘Godfather of Poker’ Doyle Brunson are going to join tournament director Matt Savage to call ‘Shuffle Up and Deal” to open the prestigious event.
This afternoon Doyle Brunson took part in a book signing, and, after lines and lines of people queued around the block to meet the legend, he was in no doubt about the significance of his visit.
Brunson said: “I have been to so many tournaments and so many places in the world but I have to say I am so impressed with The Asian Poker Tour and Macau. This is the first time I have been here.”
“I thought Las Vegas was the gambling capital of the world but I was wrong, it feels like coming home.”
Member of the “November Nine” on the final table of the 2008 WSOP®, Michael ‘Chino’ Rheem, is playing the APT Macau and he joins a formidable line-up of champions and legends taking part. Chinese-born 10 time WSOP® bracelet winner and ‘Rounders’ film legend Johnny Chan will be in a field that also includes Todd Brunson, Liz Lieu, J.C Tran, Kenny Tran, John Juanda, Nam Le, Quinn Do, Steve Sung, Huck Seed, Mel Judah, Mansour Matloubi and APT Philippines champion David Saab. All have their eyes on glory and history at Asia’s richest tournament. The buy-in for the main event is USD $5300 ($5000+$300). The event organizers have also extended an open invitation to Olympic megastar and poker nut Michael Phelps. Experts believe that the Vietnamese contingent will be strong and are the ones to watch out for with JC Tran, Kenny Tran, Le, Do and Lieu leading the charge.
The APT Macau is making history by offering US$1.5 million, the largest guaranteed prize pool ever to be offered in Asia, with the first prize also guaranteed at $500,000. Many of the big names are also expected to take part in an exciting HK$1,000,000 high stakes cash game on Friday at the StarWorld, more details of which will be announced in the near future.
Chris Parker, CEO of the Asian Poker Tour said: “ We’re delighted that so many world class names want to be part of the Asian Poker Tour. To have Vegas legends Jack Binion and Doyle Brunson in Macau to kick-off off the tournament is truly significant. Both are pioneers and were around at the start in Vegas and it really says something that they want to mark what we think will herald the start of a poker explosion in Macau. With the presence of online qualifiers from around the world too, the Asian Poker Tour has a very bright future. We’re proud to make history by holding Asia’s biggest guaranteed tournament.”
Joining the stars are players from all over the world who have won seats to the event by qualifying through online satellites at PartyPoker.com, DafaPoker (http://www.dafapoker.com), PKR, Titan Poker (www.titanpoker.com), Bodog (http://www.bodoglife.co.uk), JBet Poker (http://www.jbet.com), Virgin Poker (http://www.virgingames.com/poker), and Poker Trillion (http://www.pokertrillion.com).
David Saab of Australia won the top prize of US$280,000 at the first leg of the Asian Poker Tour in Manila on June 1st. He recently finished 46th in the WSOP® Main Event, winning US$135,100, and hopes to add a second APT championship to his poker accomplishments. The APT has also created a special leaderboard that rewards players who take part in every leg of the tour.
Further details about the APT Macau, including the schedule of events are available on the official website at www.asianpt.com (http://www.asianpt.com).
ENDS
For more information, please contact:
Warren Lush
Asian Poker Tour
+34 656236600
warrenl@partygaming.com
Melissa Ross
Lyceum Media
+44 (0) 207 953 4026
Melissa@lyceummedia.com
ABOUT ASIAN POKER TOUR (APT)
The Asian Poker Tour (APT) is Asia’s biggest and original poker tour. The Tour was recently acquired by AsianLogic (AIM:ALOG). As part of the new organisation of the APT, four events will be held across Asia in 2008. Next year, the Tour plans to increase this to a total of six events. Each tournament is set to attract live players as well as internet players who will qualify via online satellites. Each main event will offer a minimum guaranteed USD $1 million prize pool. The official web site of the APT is www.asianpt.com
ABOUT ASIANLOGIC (ALL)
AsianLogic is a leading online and land-based gaming company focusing on the Asia-Pacific markets. The Company is listed on the AIM market of the London Stock Exchange (AIM: ALOG). AsianLogic owns and operates eight online casino brands and two online poker rooms as well as land-based sportsbook operations through its MegaSportsWorld brand. It is a specialist in Asia-specific games such as Mahjong, Cho-Da-Di, Do-Di-Zhu and 13 Card Poker. The Company owns and operates the Asian Poker Tour. The Company also maintains a corporate advisory team specialising in the gaming sector which is an active investor in gaming-related businesses as well as providing consultancy and analytical services. AsianLogic enjoys strong commercial relationships with leading gaming providers including Playtech, ID Games and LVS. Founded as ESL in 2002, AsianLogic employs over 300 employees, the majority of whom are based in the Philippines.
World Series of Poker”® and “WSOP”® are registered trade marks of Harrah’s License Company LLC. No license, affiliation, sponsorship, or endorsement is claimed, or should be inferred from the use of these trademarks here. AsianLogic is not licensed by or otherwise affiliated with Harrah’s License Company LLC or the World Series of Poker®, in any way.
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Online casinos and poker rooms hack into clubs
The worst kept secret in the industry is way out in the open... Internet casinos and online poker rooms have had a considerable negative effect on the bricks and mortar casino and club industry.
Granted, one armed bandits are not deal in traditional casinos and clubs, however findings released from government, clubs and online measurement companies, to name a few, all clearly demonstrate the internet influence on the gambling sector.
Bricks and mortar casinos and clubs who fail to integrate a sound internet strategy into their business, marketing and media plans are going to find the going particularly tough.
In recent months Australian gaming tycoon, James Packer, head of PBL Media, has even pulled out of casino deals. Could it be long until Packer starts making much more noise about the online casino sector? Perhaps a NineMSN savour in the wind.
Popular tourism destinations such as Bondi Beach, Cairns and the entertainment district of Western Australia are likely to not be adversely effected as some older and less densely populated venues.
Clearly, the push is on to attract both new players, and younger players. To achieve this establishments will need machines that can compete with the best that the online casino and poker sector offers, and that is not going to be easy.
There's room for both traditional casinos and internet casinos, however the stakes remain as high as ever.
Media Man Australia Profiles
Poker and Casino News
Casino News Media
The worst kept secret in the industry is way out in the open... Internet casinos and online poker rooms have had a considerable negative effect on the bricks and mortar casino and club industry.
Granted, one armed bandits are not deal in traditional casinos and clubs, however findings released from government, clubs and online measurement companies, to name a few, all clearly demonstrate the internet influence on the gambling sector.
Bricks and mortar casinos and clubs who fail to integrate a sound internet strategy into their business, marketing and media plans are going to find the going particularly tough.
In recent months Australian gaming tycoon, James Packer, head of PBL Media, has even pulled out of casino deals. Could it be long until Packer starts making much more noise about the online casino sector? Perhaps a NineMSN savour in the wind.
Popular tourism destinations such as Bondi Beach, Cairns and the entertainment district of Western Australia are likely to not be adversely effected as some older and less densely populated venues.
Clearly, the push is on to attract both new players, and younger players. To achieve this establishments will need machines that can compete with the best that the online casino and poker sector offers, and that is not going to be easy.
There's room for both traditional casinos and internet casinos, however the stakes remain as high as ever.
Media Man Australia Profiles
Poker and Casino News
Casino News Media
Profit slashed at Aristocrat, outlook gloomy - The Australian - 28th August 2008
Slot machine maker Aristocrat Leisure rang in a fall of 43 per cent in first-half profit and said market conditions would not improve this year.
The $71.38 million in net profit announced today by Aristocrat was broadly in line with market expectations and the company's own forecast, which had been recently downgraded.
Credit Suisse had forecast $72.8 million, while Goldman Sachs JBWere tipped $70.1 million; Aristocrat (ASX: ALL) recently cut its expectations for net profit to about $70 million.
Aristocrat last month issued a profit warning, blaming the US economic decline, delays in new casino openings and the high Australian dollar for poor sales of its machines.
The manufacturer and distributor of gaming machines had also pointed to regulatory issues in its biggest markets, Australia and North America.
Chief executive Paul Oneile had said he would step down at the end of this year.
While Aristocrat said “market conditions in general are not expected to improve over the balance of the year”, it also said it was likely to benefit from introduction of its new Viridia Gen7 game and the launch of a key Japanese model later this year.
At the same time, Aristocrat said it would gain from continuation of improved pricing and tight cost control.
Revenue for the six months to June 30 fell 16 per cent to $473.9 million.
Aristocrat declared an interim dividend of 14 cents a share, unchanged from last year.
Slot machine maker Aristocrat Leisure rang in a fall of 43 per cent in first-half profit and said market conditions would not improve this year.
The $71.38 million in net profit announced today by Aristocrat was broadly in line with market expectations and the company's own forecast, which had been recently downgraded.
Credit Suisse had forecast $72.8 million, while Goldman Sachs JBWere tipped $70.1 million; Aristocrat (ASX: ALL) recently cut its expectations for net profit to about $70 million.
Aristocrat last month issued a profit warning, blaming the US economic decline, delays in new casino openings and the high Australian dollar for poor sales of its machines.
The manufacturer and distributor of gaming machines had also pointed to regulatory issues in its biggest markets, Australia and North America.
Chief executive Paul Oneile had said he would step down at the end of this year.
While Aristocrat said “market conditions in general are not expected to improve over the balance of the year”, it also said it was likely to benefit from introduction of its new Viridia Gen7 game and the launch of a key Japanese model later this year.
At the same time, Aristocrat said it would gain from continuation of improved pricing and tight cost control.
Revenue for the six months to June 30 fell 16 per cent to $473.9 million.
Aristocrat declared an interim dividend of 14 cents a share, unchanged from last year.
Gaming Expo features new technologies - Press Release - 25th August 2008
Business is steady and the outlook is optimistic for Australia and New Zealand’s gaming and hospitality industry, according to many exhibitors at this year’s Australasian Gaming Expo.
“Certainly, we’re receiving feedback from exhibitors that their products are generating strong interest and sales orders during the show,” said Ross Ferrar, Chief Executive of the Gaming Technologies Association (GTA), who organise the annual trade show and conference at Sydney’s Darling Harbour.
“The timing of the show has been great for a number of suppliers who maximised the trade event as an opportunity to launch their products to gaming venues before the busy Christmas period.”
Over 200 exhibitors have been showcasing the latest gaming technology and hospitality products and services, including GTA’s members, who have been displaying poker machines, gaming systems and services over the three day industry only trade event.
Following is a snapshot of GTA members’ hottest products featured at the show:
Ainsworth Game Technology
Ainsworth’s new stand alone “Double Shots” with progressive jackpots made an impact on the show floor. Recently approved in New South Wales and Queensland, the product generated much interest from clubs, casinos and hotels – and will be released internationally over the next few months.
Aristocrat Technologies
Aristocrat’s new environmentally friendly green machine; the Viridian cabinet appeared for the first time at a major trade show. Approved in NSW, ACT and all GLI jurisdictions including Nevada and Europe, the product attracted strong interest in terms of its functionality, appearance, ease of serviceability and innovative Gen7 technology.
Aruze Gaming
Aruze’s electronic tournament consoles feature gaming machines for the increasingly popular tournament play. The latest game “Lucky Frankie” was displayed in a 10 machine configuration, for play every three minutes. The game is currently operating at Star City casino and a number of Queensland casinos.
Global Gaming Industries
Global eye analytical software offers real time, online reporting which enables operators to dial in remotely. This head office management software is in strong demand with New South Wales hotel groups.
IGT (Australia)
IGT released their new one dollar link, called Fort Knox, which according to IGT, is the first symbol driven dollar link that’s been approved in New South Wales. IGT especially piqued the interest of visitors from New Zealand, Singapore and Macau.
Konami Australia
Konami’s Advantage 5-reel stepper machine was recently approved in New South Wales and Queensland – a stand alone progressive available in 1c, 5c and 10c denominations. Konami featured the machines with two new games – Sensational 7’s and Queen of Thebes.
Stargames Corporation
Building on the strength of Pink Panther, Stargames featured its latest symbol driven progressive bank of machines, “Grand Central”, due for release in early 2009. In addition, the company’s newly launched table games generated strong interest from casinos throughout the Asia Pacific region.
GTA hosts and operates the annual Australasian Gaming Expo (AGE) and the New Zealand Gaming Expo. Further information about the AGE is available at www.austgamingexpo.com
Gaming Technologies Association (GTA) is a not-for-profit industry association, established in 1990 as the Australasian Gaming Machine Manufacturers Association for the purpose of promoting the development of the manufacturing resources of Australia. GTA members provide technology and equipment to hospitality venues in over 250 jurisdictions around the world. GTA's members are Ainsworth Game Technology, Aristocrat Technologies, Aruze Gaming Australia, Global Gaming Industries, IGT (Australia), Konami Australia, and Stargames Corporation.
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Business is steady and the outlook is optimistic for Australia and New Zealand’s gaming and hospitality industry, according to many exhibitors at this year’s Australasian Gaming Expo.
“Certainly, we’re receiving feedback from exhibitors that their products are generating strong interest and sales orders during the show,” said Ross Ferrar, Chief Executive of the Gaming Technologies Association (GTA), who organise the annual trade show and conference at Sydney’s Darling Harbour.
“The timing of the show has been great for a number of suppliers who maximised the trade event as an opportunity to launch their products to gaming venues before the busy Christmas period.”
Over 200 exhibitors have been showcasing the latest gaming technology and hospitality products and services, including GTA’s members, who have been displaying poker machines, gaming systems and services over the three day industry only trade event.
Following is a snapshot of GTA members’ hottest products featured at the show:
Ainsworth Game Technology
Ainsworth’s new stand alone “Double Shots” with progressive jackpots made an impact on the show floor. Recently approved in New South Wales and Queensland, the product generated much interest from clubs, casinos and hotels – and will be released internationally over the next few months.
Aristocrat Technologies
Aristocrat’s new environmentally friendly green machine; the Viridian cabinet appeared for the first time at a major trade show. Approved in NSW, ACT and all GLI jurisdictions including Nevada and Europe, the product attracted strong interest in terms of its functionality, appearance, ease of serviceability and innovative Gen7 technology.
Aruze Gaming
Aruze’s electronic tournament consoles feature gaming machines for the increasingly popular tournament play. The latest game “Lucky Frankie” was displayed in a 10 machine configuration, for play every three minutes. The game is currently operating at Star City casino and a number of Queensland casinos.
Global Gaming Industries
Global eye analytical software offers real time, online reporting which enables operators to dial in remotely. This head office management software is in strong demand with New South Wales hotel groups.
IGT (Australia)
IGT released their new one dollar link, called Fort Knox, which according to IGT, is the first symbol driven dollar link that’s been approved in New South Wales. IGT especially piqued the interest of visitors from New Zealand, Singapore and Macau.
Konami Australia
Konami’s Advantage 5-reel stepper machine was recently approved in New South Wales and Queensland – a stand alone progressive available in 1c, 5c and 10c denominations. Konami featured the machines with two new games – Sensational 7’s and Queen of Thebes.
Stargames Corporation
Building on the strength of Pink Panther, Stargames featured its latest symbol driven progressive bank of machines, “Grand Central”, due for release in early 2009. In addition, the company’s newly launched table games generated strong interest from casinos throughout the Asia Pacific region.
GTA hosts and operates the annual Australasian Gaming Expo (AGE) and the New Zealand Gaming Expo. Further information about the AGE is available at www.austgamingexpo.com
Gaming Technologies Association (GTA) is a not-for-profit industry association, established in 1990 as the Australasian Gaming Machine Manufacturers Association for the purpose of promoting the development of the manufacturing resources of Australia. GTA members provide technology and equipment to hospitality venues in over 250 jurisdictions around the world. GTA's members are Ainsworth Game Technology, Aristocrat Technologies, Aruze Gaming Australia, Global Gaming Industries, IGT (Australia), Konami Australia, and Stargames Corporation.
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Aristocrat grapples with tough conditions - 28th August 2008
Aristocrat Leisure, an Australian gaming machine maker, reported a 44% fall in first-half profit as it grappled with tough economic conditions in key markets.
Aristocrat, the world's No. 2 slot machine maker, said net profit for the six months to June was $70.4 million, down from $125.9 million a year ago. Profit was down 36% in constant currency terms.
The company declared an interim dividend of 14 cents per share.
In late July, Aristocrat forecast a net profit of $70 million and said the first-half earnings were significantly impacted by deteriorating economic conditions in North America and Australia and a rising Australian dollar.
Aristocrat shares have halved in value this year, more than double the decline in the benchmark S&P/ASX 200 index in the same period.
Aristocrat Leisure, an Australian gaming machine maker, reported a 44% fall in first-half profit as it grappled with tough economic conditions in key markets.
Aristocrat, the world's No. 2 slot machine maker, said net profit for the six months to June was $70.4 million, down from $125.9 million a year ago. Profit was down 36% in constant currency terms.
The company declared an interim dividend of 14 cents per share.
In late July, Aristocrat forecast a net profit of $70 million and said the first-half earnings were significantly impacted by deteriorating economic conditions in North America and Australia and a rising Australian dollar.
Aristocrat shares have halved in value this year, more than double the decline in the benchmark S&P/ASX 200 index in the same period.
Wednesday, August 27, 2008
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Sunday, August 24, 2008
Casino News Media Website and Profile Updated
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Spinners and losers, the community pays a price, by Andrew Tate - Fairfax - 24th August 2008
The spinning gold sovereign used with such effect by author Frank Hardy to foretell a corruption of the spirit in the opening lines of his novel Power Without Glory is now rampant in our communities in the form of the spinning wheels of poker machines.
But where Hardy's book, widely seen as a fictionalised account of the life of legendary Collingwood football club benefactor John Wren, told how a man called John West became rich on the back of the working poor, now it's the clubs that are directly benefiting from gambling's most efficient form of community larceny.
Earlier this year, The Age reported that Victorian AFL clubs gouged more than $110 million from poker machines in the 2006-07 financial year and are increasingly targeting Melbourne's most vulnerable communities. The Monash University research also revealed rorting by clubs of their "community benefit" obligations.
The clubs disputed the accuracy of those figures and one club, Collingwood, has since moved to sell two of its loss-making venues. The Magpies, however, will not be offloading their three money-spinners in outer-suburban areas.
Also grabbing a slice of the action is Hawthorn, with former premier-turned-president Jeff Kennett last month trumpeting plans for 80 poker machines at Caroline Springs — an odd look for the chairman of beyondblue, which combats depression-related illnesses.
Some contend these pokies venues provide "entertainment" where other services are lacking. Even a businessman from 100 years ago, such as John Wren, would recognise these places. In 2006, the racing industry made its peace with Wren when the Champions of Australian Racing Museum staged an exhibition about his "contribution to society". Having built his fortune from the illicit tote he ran in a Collingwood yard from 1893 to 1907, the invitations praised Wren as a "visionary businessman".
But where a single illegal entrepreneur once defied the authorities to bring "sport" to the people, the State Government and AFL clubs appear to have found a way to take the sport, and the fairness, out of the equation.
While the government takes pride in its gaming industry reforms and has done some hard yards to open the state's gaming machines to smaller operators, the overall reach and take of poker machines will remain staggeringly high. The government also points to the banning of 24-hour venues outside the casino and in 2012 — yes, in four years — the ban on automatic teller machines in venues. But I still recall Labor Premier Joan Kirner's feigned excitement in 1990 at the media launch of the first gaming machine at the first Tabaret. The beaten Premier played a clunky football game where an electronic player had to kick a goal. The industry immediately hit the boundary, it had won the game and traditional poker machines soon joined the party.
Elsewhere, Premier Kennett's casino remains a behemoth. Its "visionary businessman" and purveyor of sport is James Packer, who has also done well from house-friendly changes to blackjack and roulette rules. Before its recent corporate shake-up, the Packer empire had the benefit of cross-promoting football stars, posing as clowns on Channel Nine's The Footy Show, taking every opportunity to mention the delights to be had at Crown. Collingwood's president Eddie McGuire played a lead role as host and enthusiastic company man.
Then consider that the clubs don't just collect their cash via the machines they operate. The government has also handed out hundreds of thousands of dollars in sponsorship for clubs such as Essendon to promote an anti-gambling message. Not a bad double-headed coin when you consider the Windy Hill social club is chock-full of poker machines.
The government and clubs maintain that revenue is put to good use, but that sounds a bit like the philanthropy attributed to the likes of Wren. Having cash on tap from the weakness of others usually allows you to throw some largesse towards your own pet causes.
It may ultimately be up to the public to make judgements about football clubs that talk about being part of a community, but who rely on gaming losses to feather the nest. AFL players earn their money onfield and provide joy to fans, but their pay packets and support networks should not be subsidised by pokies strategically placed to target those who covet the lifestyle that players enjoy.
Footy clinics, charity photo-ops and hospital visits are laudable, but the clubs and society should make stable homes for kids a priority ahead of the "community benefit" offered by football departments or big-screen TVs in gaming lounges.
In NSW, South Sydney co-owner Russell Crowe tried to take another path, moving to scrap the NRL club's 60 poker machines that were returning almost $1 million a year. Last week, members worried about revenue knocked back the plan.
Arguing his case, Crowe had said: "This group is for anyone who believes the best way to act is to think about how your actions can improve the lives of people in your community."
Contrast this to the AFL clubs' self-belief that the harm is offset by their own good deeds. Magpie president McGuire is one such charitable man, who views Wren as a great sporting entrepreneur and inspiration. He may be right. But after Collingwood took everything of value and left Victoria Park, the Pies' great spruiker lauded the club's move to the banks of the Yarra — where in the 1930s, Wren developed the Motordome.
Of course, the poker machines didn't go over the Yarra into the leafy neighbourhoods but to the outer suburbs, where cash is funnelled back to build a new empire.
And still the sovereign spins.
McGuire said in 2005: "It's amazing to think that John Wren built what we're now trying to build at the Lexus Centre. We're getting back to his original plan."
Power Without Glory indeed.
The spinning gold sovereign used with such effect by author Frank Hardy to foretell a corruption of the spirit in the opening lines of his novel Power Without Glory is now rampant in our communities in the form of the spinning wheels of poker machines.
But where Hardy's book, widely seen as a fictionalised account of the life of legendary Collingwood football club benefactor John Wren, told how a man called John West became rich on the back of the working poor, now it's the clubs that are directly benefiting from gambling's most efficient form of community larceny.
Earlier this year, The Age reported that Victorian AFL clubs gouged more than $110 million from poker machines in the 2006-07 financial year and are increasingly targeting Melbourne's most vulnerable communities. The Monash University research also revealed rorting by clubs of their "community benefit" obligations.
The clubs disputed the accuracy of those figures and one club, Collingwood, has since moved to sell two of its loss-making venues. The Magpies, however, will not be offloading their three money-spinners in outer-suburban areas.
Also grabbing a slice of the action is Hawthorn, with former premier-turned-president Jeff Kennett last month trumpeting plans for 80 poker machines at Caroline Springs — an odd look for the chairman of beyondblue, which combats depression-related illnesses.
Some contend these pokies venues provide "entertainment" where other services are lacking. Even a businessman from 100 years ago, such as John Wren, would recognise these places. In 2006, the racing industry made its peace with Wren when the Champions of Australian Racing Museum staged an exhibition about his "contribution to society". Having built his fortune from the illicit tote he ran in a Collingwood yard from 1893 to 1907, the invitations praised Wren as a "visionary businessman".
But where a single illegal entrepreneur once defied the authorities to bring "sport" to the people, the State Government and AFL clubs appear to have found a way to take the sport, and the fairness, out of the equation.
While the government takes pride in its gaming industry reforms and has done some hard yards to open the state's gaming machines to smaller operators, the overall reach and take of poker machines will remain staggeringly high. The government also points to the banning of 24-hour venues outside the casino and in 2012 — yes, in four years — the ban on automatic teller machines in venues. But I still recall Labor Premier Joan Kirner's feigned excitement in 1990 at the media launch of the first gaming machine at the first Tabaret. The beaten Premier played a clunky football game where an electronic player had to kick a goal. The industry immediately hit the boundary, it had won the game and traditional poker machines soon joined the party.
Elsewhere, Premier Kennett's casino remains a behemoth. Its "visionary businessman" and purveyor of sport is James Packer, who has also done well from house-friendly changes to blackjack and roulette rules. Before its recent corporate shake-up, the Packer empire had the benefit of cross-promoting football stars, posing as clowns on Channel Nine's The Footy Show, taking every opportunity to mention the delights to be had at Crown. Collingwood's president Eddie McGuire played a lead role as host and enthusiastic company man.
Then consider that the clubs don't just collect their cash via the machines they operate. The government has also handed out hundreds of thousands of dollars in sponsorship for clubs such as Essendon to promote an anti-gambling message. Not a bad double-headed coin when you consider the Windy Hill social club is chock-full of poker machines.
The government and clubs maintain that revenue is put to good use, but that sounds a bit like the philanthropy attributed to the likes of Wren. Having cash on tap from the weakness of others usually allows you to throw some largesse towards your own pet causes.
It may ultimately be up to the public to make judgements about football clubs that talk about being part of a community, but who rely on gaming losses to feather the nest. AFL players earn their money onfield and provide joy to fans, but their pay packets and support networks should not be subsidised by pokies strategically placed to target those who covet the lifestyle that players enjoy.
Footy clinics, charity photo-ops and hospital visits are laudable, but the clubs and society should make stable homes for kids a priority ahead of the "community benefit" offered by football departments or big-screen TVs in gaming lounges.
In NSW, South Sydney co-owner Russell Crowe tried to take another path, moving to scrap the NRL club's 60 poker machines that were returning almost $1 million a year. Last week, members worried about revenue knocked back the plan.
Arguing his case, Crowe had said: "This group is for anyone who believes the best way to act is to think about how your actions can improve the lives of people in your community."
Contrast this to the AFL clubs' self-belief that the harm is offset by their own good deeds. Magpie president McGuire is one such charitable man, who views Wren as a great sporting entrepreneur and inspiration. He may be right. But after Collingwood took everything of value and left Victoria Park, the Pies' great spruiker lauded the club's move to the banks of the Yarra — where in the 1930s, Wren developed the Motordome.
Of course, the poker machines didn't go over the Yarra into the leafy neighbourhoods but to the outer suburbs, where cash is funnelled back to build a new empire.
And still the sovereign spins.
McGuire said in 2005: "It's amazing to think that John Wren built what we're now trying to build at the Lexus Centre. We're getting back to his original plan."
Power Without Glory indeed.
AGMMA becomes GTA - Media Release - 24th August 2008
AGMMA today announced that its name has changed, to Gaming Technologies Association or GTA.
Speaking at the opening of the 19th annual Australasian Gaming Expo in Sydney, GTA’s Chief Executive Officer, Ross Ferrar said: “Ever since the first “Gaming Machine” appeared in the late 19th century, the technology of gaming has progressively evolved.
“Recent dramatic changes in computer technologies have turned this evolution into a revolution – delivering significant new benefits to players and venues alike.
“The convergence of these technologies means that gaming terminals are now an essential part of the Hospitality experience.
“At the same time, Gaming has grown into a global industry with the Asia Pacific region leading the charge for future growth while providing the experience and knowledge gained from decades of successful operations.
“As a representative of some of the world’s leading gaming technology suppliers in the Asia Pacific region, AGMMA recognises that it is time to change our name to one which best reflects the industry’s future direction.
“So we are changing our name to the Gaming Technologies Association or GTA.
“We continue to look forward to a strong, positive future for our industry, collectively focused on fresh ideas, high standards and mutual leadership in this global market; and we look forward to the improved flexibility that new technologies will bring, enabling us to meet all our audiences’ demands and expectations in the most timely and effective way.”
GTA hosts and operates the annual Australasian Gaming Expo and the New Zealand Gaming Expo. Further information about GTA is available at www.gamingta.com
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AGMMA today announced that its name has changed, to Gaming Technologies Association or GTA.
Speaking at the opening of the 19th annual Australasian Gaming Expo in Sydney, GTA’s Chief Executive Officer, Ross Ferrar said: “Ever since the first “Gaming Machine” appeared in the late 19th century, the technology of gaming has progressively evolved.
“Recent dramatic changes in computer technologies have turned this evolution into a revolution – delivering significant new benefits to players and venues alike.
“The convergence of these technologies means that gaming terminals are now an essential part of the Hospitality experience.
“At the same time, Gaming has grown into a global industry with the Asia Pacific region leading the charge for future growth while providing the experience and knowledge gained from decades of successful operations.
“As a representative of some of the world’s leading gaming technology suppliers in the Asia Pacific region, AGMMA recognises that it is time to change our name to one which best reflects the industry’s future direction.
“So we are changing our name to the Gaming Technologies Association or GTA.
“We continue to look forward to a strong, positive future for our industry, collectively focused on fresh ideas, high standards and mutual leadership in this global market; and we look forward to the improved flexibility that new technologies will bring, enabling us to meet all our audiences’ demands and expectations in the most timely and effective way.”
GTA hosts and operates the annual Australasian Gaming Expo and the New Zealand Gaming Expo. Further information about GTA is available at www.gamingta.com
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Thursday, August 21, 2008
Virgin Casino adds ELVIS® - A Little More Action™ to its games portfolio - 29th July 2008
London, 29 July 2008 - Virgin Casino (www.virgincasino.com) today announced the launch of ELVIS® - A Little More Action™, offering fans the chance to experience even more online gaming action from one of Las Vegas’ biggest names. Ideal for fans of Wolf Run® and Cleopatra®, ELVIS - A Little More Action offers 50 paylines of pulse-pounding excitement, stacked wilds for amazingly big wins and a super-rich ‘Action Free Spins Bonus’ fit for The King.
On every reel there are stacks of four or more wild symbols. These stacked wild symbols can line up to trigger a huge number of simultaneous wins, with a maximum prize of £250,000! Players who get three bonus symbols anywhere on the middle reels, are taken to the ‘Action Free Spins Bonus’, for the chance to reap further rewards.
Including music from Elvis, this amped-up bonus round, offers players five free spins of enriched bonus reels, featuring more stacked wilds and extra bonus symbols than the standard reels. Again, three bonus symbols scattered anywhere on the middle three reels retriggers the ‘Action Free Spins Bonus’, awarding up to a maximum of 255 additional free spins.
As with all Virgin Casino games, players can also earn V*Points - Virgin Games’ loyalty points - every time they play. Offering players the chance to redeem their points for further Virgin rewards, including Virgin Atlantic Flying Club Miles or cold, hard cash, V*Points can be transferred across Virgin Games portfolio of products, including Virgin Poker and Virgin Bingo.
Premium releases including Cleopatra II™ and Da Vinci Diamonds® have already been added to Virgin Casino’s portfolio of games in 2008. Further big IGT names will be added to Virgin Games in the coming months, ensuring a constant stream of new and exciting games to keep players’ adrenalin pumping.
Virgin Casino launched under the Virgin Games brand in June 2004. The site was refreshed in June 2006, providing players with a greater choice of games and additional means of earning bonus points and rewards.
ELVIS - A Little More Action is available to play now on www.virgincasino.com.
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London, 29 July 2008 - Virgin Casino (www.virgincasino.com) today announced the launch of ELVIS® - A Little More Action™, offering fans the chance to experience even more online gaming action from one of Las Vegas’ biggest names. Ideal for fans of Wolf Run® and Cleopatra®, ELVIS - A Little More Action offers 50 paylines of pulse-pounding excitement, stacked wilds for amazingly big wins and a super-rich ‘Action Free Spins Bonus’ fit for The King.
On every reel there are stacks of four or more wild symbols. These stacked wild symbols can line up to trigger a huge number of simultaneous wins, with a maximum prize of £250,000! Players who get three bonus symbols anywhere on the middle reels, are taken to the ‘Action Free Spins Bonus’, for the chance to reap further rewards.
Including music from Elvis, this amped-up bonus round, offers players five free spins of enriched bonus reels, featuring more stacked wilds and extra bonus symbols than the standard reels. Again, three bonus symbols scattered anywhere on the middle three reels retriggers the ‘Action Free Spins Bonus’, awarding up to a maximum of 255 additional free spins.
As with all Virgin Casino games, players can also earn V*Points - Virgin Games’ loyalty points - every time they play. Offering players the chance to redeem their points for further Virgin rewards, including Virgin Atlantic Flying Club Miles or cold, hard cash, V*Points can be transferred across Virgin Games portfolio of products, including Virgin Poker and Virgin Bingo.
Premium releases including Cleopatra II™ and Da Vinci Diamonds® have already been added to Virgin Casino’s portfolio of games in 2008. Further big IGT names will be added to Virgin Games in the coming months, ensuring a constant stream of new and exciting games to keep players’ adrenalin pumping.
Virgin Casino launched under the Virgin Games brand in June 2004. The site was refreshed in June 2006, providing players with a greater choice of games and additional means of earning bonus points and rewards.
ELVIS - A Little More Action is available to play now on www.virgincasino.com.
Media Man Australia Profiles
Elvis
Virgin Casino
Poker and Casino News
Casino News Media
Wednesday, August 20, 2008
Souths pokie ban voted down, by Brian Robins and Dylan Welch - Fairfax - 18th August 2008
South Sydney Leagues club has delivered a humiliating defeat to Peter Homes a Court and Russell Crowe's proposal to ban poker machines - just three members supported it among more than 100 who voted yesterday.
"This was a vision that a lot of people embraced," said Souths Leagues Club president Bill Alexiou-Hucker yesterday, after the vote.
"No one - not one charity, no corporations, no community that flooded the football club with congratulations over a no-poker machine venue - ever contacted me to see how they could help us.
"We were left to do it. It was going to be a very tough ask.
"The board felt it couldn't offer the members the sorts of things that it wants to without the poker machines."
But Mr Holmes a Court said it was not a blow to his plan, which was backed by the actor, to completely ban poker machines.
He praised the board and said despite the defeat of the no-pokies resolution, the club still planned to divert revenue streams away from poker machines.
"Their plan is about good food and beverage and a gathering place and de-emphasising revenue from poker machines."
Yesterday's vote, he said, showed that "very significant progress had been made".
Souths has 60 poker machines, which generate half the club's annual income of $3.5 million when it is operating. The club is closed for redevelopment.
The idea was to sell the poker machine licences and use the proceeds to reshape the club so that it could rely on income from renting out facilities, for example, to generate the revenue shortfall.
Mr Holmes a Court had said it was not ideal for the club to rely on pensioners and others on a fixed income to put money through poker machines at the club.
Several club members yesterday said it was up to them to spend their money how they wanted, and not up to "some blow-in from the west" to tell them not to play poker machines, was how one member put it.
"It was nice in theory, but as a business practice, it was suicidal," Souths member and Katoomba publican Sean Glassford said.
"As a businessman, someone who runs a hotel, while they're an evil thing, they also provide entertainment for people and provide me, in my business, with a revenue stream that I can put back into entertainment.
"It's good in theory [to ban poker machines] but you'd have to have another business plan to generate that sort of money."
One of the three club members at yesterday's general membership meeting to vote against poker machines was Col McCann, who said there were still companies that wanted to invest in a club without poker machines, "but we've never asked the question".
Mr Alexiou-Hucker said the rebuilt Souths Leagues club still hopes to be ready for business "by January-February next year". The development application for the proposed redevelopment is close to being completed and the financing is also in place, he said.
After his return home last night from the Souths victory over Manly Mr Holmes a Court, who stood down as executive chairman this year, said: "Utopia exists a long way from here and we're just trying to make progress every day."
Media Man Australia Profiles
South Sydney Rabbitohs
Poker and Casino News
South Sydney Leagues club has delivered a humiliating defeat to Peter Homes a Court and Russell Crowe's proposal to ban poker machines - just three members supported it among more than 100 who voted yesterday.
"This was a vision that a lot of people embraced," said Souths Leagues Club president Bill Alexiou-Hucker yesterday, after the vote.
"No one - not one charity, no corporations, no community that flooded the football club with congratulations over a no-poker machine venue - ever contacted me to see how they could help us.
"We were left to do it. It was going to be a very tough ask.
"The board felt it couldn't offer the members the sorts of things that it wants to without the poker machines."
But Mr Holmes a Court said it was not a blow to his plan, which was backed by the actor, to completely ban poker machines.
He praised the board and said despite the defeat of the no-pokies resolution, the club still planned to divert revenue streams away from poker machines.
"Their plan is about good food and beverage and a gathering place and de-emphasising revenue from poker machines."
Yesterday's vote, he said, showed that "very significant progress had been made".
Souths has 60 poker machines, which generate half the club's annual income of $3.5 million when it is operating. The club is closed for redevelopment.
The idea was to sell the poker machine licences and use the proceeds to reshape the club so that it could rely on income from renting out facilities, for example, to generate the revenue shortfall.
Mr Holmes a Court had said it was not ideal for the club to rely on pensioners and others on a fixed income to put money through poker machines at the club.
Several club members yesterday said it was up to them to spend their money how they wanted, and not up to "some blow-in from the west" to tell them not to play poker machines, was how one member put it.
"It was nice in theory, but as a business practice, it was suicidal," Souths member and Katoomba publican Sean Glassford said.
"As a businessman, someone who runs a hotel, while they're an evil thing, they also provide entertainment for people and provide me, in my business, with a revenue stream that I can put back into entertainment.
"It's good in theory [to ban poker machines] but you'd have to have another business plan to generate that sort of money."
One of the three club members at yesterday's general membership meeting to vote against poker machines was Col McCann, who said there were still companies that wanted to invest in a club without poker machines, "but we've never asked the question".
Mr Alexiou-Hucker said the rebuilt Souths Leagues club still hopes to be ready for business "by January-February next year". The development application for the proposed redevelopment is close to being completed and the financing is also in place, he said.
After his return home last night from the Souths victory over Manly Mr Holmes a Court, who stood down as executive chairman this year, said: "Utopia exists a long way from here and we're just trying to make progress every day."
Media Man Australia Profiles
South Sydney Rabbitohs
Poker and Casino News
Tuesday, August 19, 2008
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The Virgin Casino News Blog is on the air.
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Friday, August 15, 2008
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Virgin Casino and PKR Casino Head To Head, and other shake ups down under in Australia
Online casinos continue to be all the rage down under in Australia.
Virgin Casino has made significant progress infiltrating Australia, one the all but exclusive gaming and betting domain of the TAB / Tabcorp, Centrebet, Sporting Bet, and a sprinkle of others.
The internet changed everything of course and now everyone from Branson's Virgin (Casino), to Calvin Ayre's Bodog, the WSOP, World Poker Tour, 888.com. GoldenPalace, RedKings, they're all just a few mousepad clicks away.
In recent months many gaming and media analysts feel that Virgin Casino and PKR have made the biggest splash. This can be attributed to both Virgin's strong brand and excellent gameplay, and PKR's amazing graphics. Both outfits also have extremely strong financial backing, and positive media buzz.
Perhaps following Richard Branson's lead, a number of online casino and poker rooms are now whispering about philanthropic charity initiatives.
To James Packer's (Crown Casino) and Twiggy's credit, they have teamed up with the Australian government in assisting with an initiative to help get Australia's indigenous community back to work. It's great to see some of Packer's money go into something that makes a difference in people's lives, and could be perceived as damage control by Packer, after recently loosing millions in failed bricks and mortar casino initiatives in the Philippines and Las Vegas.
Back to Sydney, Australia, pokies will be finding themselves a secure home at South Sydney Rabbitohs, despite the Crowe and Holmes a Court previous plans.
The Australasian Gaming Expo hits Darling Harbour on the 24th August and it wouldn't be surprising to all any number of online casino tycoons wonder through, knowing that the internet is the current and future of the business. Clubs and pubs who fail to adept will end up being ancient history, and a number of insiders are saying that venues with no or little internet gaming strategy in place need their heads read, and shouldn't even be in business. Lasseters have wisely invested in physical casinos and internet, so the smart money says that they will ride out the storm. You can bet some Rabbitohs bigwigs will be watching Lasseters, and if they weren't before, they are now! Any internet skeptics need to have more of a read up on firms like Facebook, MySpace, Google, Craig's List, the do some research on the decline of newspaper sales (to the web), and if still not convinced, check out a few clubs and casinos where there's considerable difference in the ratio of patrons to pokies (aka one armed bandits).
Star City Casino, if your reading this, many are waiting patiently for you to do something really exciting with top notch gaming and entertainment. We know a few reporters waiting on something big to report on. Time might be nearing to headhunt some talent from Crown.
Branson's ramping up Virgin Hotels and Virgin Active, both whispered to find a niche in the Australian market, starting on the east coast, and Donald Trump is due to hit Australia's public speaking circuit, after recently unloading some unprofitable casino interests in the U.S. Nothing like an Aussie makeover hey Don. Rock stars used to do it, and why shouldn't celebrated businessmen.
Websites to watch: www.mediaman.com.au www.casinonewsmedia.com www.austgamingexpo.com
See you on the 24th, if not online sooner.
Media Man Australia Profiles
Virgin Casino
PKR Casino
Lasseters
Crown Casino
Casinos
Gaming
Poker and Casino News
Casino News Media
Online casinos continue to be all the rage down under in Australia.
Virgin Casino has made significant progress infiltrating Australia, one the all but exclusive gaming and betting domain of the TAB / Tabcorp, Centrebet, Sporting Bet, and a sprinkle of others.
The internet changed everything of course and now everyone from Branson's Virgin (Casino), to Calvin Ayre's Bodog, the WSOP, World Poker Tour, 888.com. GoldenPalace, RedKings, they're all just a few mousepad clicks away.
In recent months many gaming and media analysts feel that Virgin Casino and PKR have made the biggest splash. This can be attributed to both Virgin's strong brand and excellent gameplay, and PKR's amazing graphics. Both outfits also have extremely strong financial backing, and positive media buzz.
Perhaps following Richard Branson's lead, a number of online casino and poker rooms are now whispering about philanthropic charity initiatives.
To James Packer's (Crown Casino) and Twiggy's credit, they have teamed up with the Australian government in assisting with an initiative to help get Australia's indigenous community back to work. It's great to see some of Packer's money go into something that makes a difference in people's lives, and could be perceived as damage control by Packer, after recently loosing millions in failed bricks and mortar casino initiatives in the Philippines and Las Vegas.
Back to Sydney, Australia, pokies will be finding themselves a secure home at South Sydney Rabbitohs, despite the Crowe and Holmes a Court previous plans.
The Australasian Gaming Expo hits Darling Harbour on the 24th August and it wouldn't be surprising to all any number of online casino tycoons wonder through, knowing that the internet is the current and future of the business. Clubs and pubs who fail to adept will end up being ancient history, and a number of insiders are saying that venues with no or little internet gaming strategy in place need their heads read, and shouldn't even be in business. Lasseters have wisely invested in physical casinos and internet, so the smart money says that they will ride out the storm. You can bet some Rabbitohs bigwigs will be watching Lasseters, and if they weren't before, they are now! Any internet skeptics need to have more of a read up on firms like Facebook, MySpace, Google, Craig's List, the do some research on the decline of newspaper sales (to the web), and if still not convinced, check out a few clubs and casinos where there's considerable difference in the ratio of patrons to pokies (aka one armed bandits).
Star City Casino, if your reading this, many are waiting patiently for you to do something really exciting with top notch gaming and entertainment. We know a few reporters waiting on something big to report on. Time might be nearing to headhunt some talent from Crown.
Branson's ramping up Virgin Hotels and Virgin Active, both whispered to find a niche in the Australian market, starting on the east coast, and Donald Trump is due to hit Australia's public speaking circuit, after recently unloading some unprofitable casino interests in the U.S. Nothing like an Aussie makeover hey Don. Rock stars used to do it, and why shouldn't celebrated businessmen.
Websites to watch: www.mediaman.com.au www.casinonewsmedia.com www.austgamingexpo.com
See you on the 24th, if not online sooner.
Media Man Australia Profiles
Virgin Casino
PKR Casino
Lasseters
Crown Casino
Casinos
Gaming
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Casino News Media
CentreBet To Sponsor The Jets - 14th August 2008
Online casino and sportsbook provider CentreBet has announced a deal to be the main sponsor for the Newcastle Jets soccer team of the Australian Hyundai A-League for the upcoming season.
CentreBet is one of Australasia’s leading sports wagering and gaming brands and offers online sportsbetting through CentreBet.com, which is licensed by Australia, along with its UK-licensed CentreBet.co.uk. Players may also take part in poker or casino games through its Internet poker room and casino licensed by the Netherlands Antilles at CentreBetPoker.com and CentreBetCasino.com.
“It’s a red letter day for the club as we’ve worked long and hard to secure a sponsorship,” said Remo Nogarotto, Director of Football for the Jets.
“We’ve been negotiating with CentreBet for the last four or five months. We are very, very, very happy with the arrangements both financial and the structure of the deal. We think that CentreBet is a wonderful fit for our team.
“It’s also very consistent with sponsorship deals from overseas. A number of teams in Serie A and, indeed, in the English Premier League overseas are sponsored by betting agencies. It is something that appears to be an international trend. We’re the first A-League team to be a beneficiary of that trend.”
The deal, for an undisclosed sum, will see CentreBet’s logo feature on the shirts of the defending A-League champions and has an option to be extended. The agreement also covers sponsorship of the team for the upcoming Asian Football Confederation Champions League competition, which will see 32 teams from eleven nations compete to see who is the best from the world’s largest continent.
The growth of soccer in Australia along with the Jets’ on-field success since the inception of the Hyundai A-League has generated great interest from sponsors. In addition, the Jets’ move into Asia next season promises to offer great exposure for CentreBet and its online betting channels.
Media Man Australia Profiles
CentreBet
Poker News Media
Casino News Media
Online casino and sportsbook provider CentreBet has announced a deal to be the main sponsor for the Newcastle Jets soccer team of the Australian Hyundai A-League for the upcoming season.
CentreBet is one of Australasia’s leading sports wagering and gaming brands and offers online sportsbetting through CentreBet.com, which is licensed by Australia, along with its UK-licensed CentreBet.co.uk. Players may also take part in poker or casino games through its Internet poker room and casino licensed by the Netherlands Antilles at CentreBetPoker.com and CentreBetCasino.com.
“It’s a red letter day for the club as we’ve worked long and hard to secure a sponsorship,” said Remo Nogarotto, Director of Football for the Jets.
“We’ve been negotiating with CentreBet for the last four or five months. We are very, very, very happy with the arrangements both financial and the structure of the deal. We think that CentreBet is a wonderful fit for our team.
“It’s also very consistent with sponsorship deals from overseas. A number of teams in Serie A and, indeed, in the English Premier League overseas are sponsored by betting agencies. It is something that appears to be an international trend. We’re the first A-League team to be a beneficiary of that trend.”
The deal, for an undisclosed sum, will see CentreBet’s logo feature on the shirts of the defending A-League champions and has an option to be extended. The agreement also covers sponsorship of the team for the upcoming Asian Football Confederation Champions League competition, which will see 32 teams from eleven nations compete to see who is the best from the world’s largest continent.
The growth of soccer in Australia along with the Jets’ on-field success since the inception of the Hyundai A-League has generated great interest from sponsors. In addition, the Jets’ move into Asia next season promises to offer great exposure for CentreBet and its online betting channels.
Media Man Australia Profiles
CentreBet
Poker News Media
Casino News Media
CryptoLogic to Build Internet Casino for Owners of Europe's Largest Dedicated Gaming TV Network - 8th August 2008
DUBLIN, IRELAND -- (MARKET WIRE) -- 08/08/08 -- CryptoLogic Limited (TSX: CRY)(TSX: CXY)(NASDAQ: CRYP)(LSE: CRP), a leading software developer to the global Internet gaming market, announced today that it has signed a three-year contract relating to Internet casino software with the Gaming Media Group Limited, owner of The Poker Channel, Europe's largest dedicated gaming television network, and PokerHeaven.com, a major European poker room.
Under the agreement, made through CryptoLogic subsidiary WagerLogic Limited, CryptoLogic's award-winning casino games will be available to players around the world - in five languages - later this year. CryptoLogic will be the sole provider of online casino software for the duration of the contract.
"We promised swift action to take CryptoLogic to the next level of online gaming, and our new relationships with leading brands such as the Gaming Media Group show that we are executing on our plan," said Brian Hadfield, CryptoLogic's President and CEO. "Gaming Media Group's commitment to promote the games through advertising means new profile for CryptoLogic products that takes them to new people and new places."
The Poker Channel, which recently announced its launch in the Netherlands on UPC, now broadcasts to more than 15 million households across 16 different territories in Europe. The channel, which offers more than 600 hours of premium programming, attracts close to one million unique viewers per month, with 65 per cent of its viewers visiting an online gaming site every day. It also operates www.PokerChannelEurope.com, a leading provider of on-demand programming for gaming fans worldwide.
PokerHeaven.com is one of the most recognized poker brands in Europe, with a player base spread across Europe and driven through its strong online and TV presence since its launch three and a half years ago.
"Our partnership with CryptoLogic provides us with a unique set of world-leading branded games that are perfectly suited to TV advertising, and various interactive TV gaming services we have planned," said Crispin Nieboer, CEO of Gaming Media Group. "As we continue to expand our European presence, we will offer our viewers and our registered players the very best in online casino games - and drive the growth of our bottom line."
Gaming Media Group will join other major online operators using CryptoLogic-developed software, including William Hill, InterCasino, and 888.
"When you put together great software and great gaming brands, the result is an unbeatable experience for players everywhere," said Antony Demetriades, WagerLogic's Managing Director.
CryptoLogic has one of the most comprehensive casino suites on the Internet today, including popular casual games such as Cubis and Bejeweled as well as an industry leading suite of video slots with interactive and immersive bonus rounds. CryptoLogic's award-winning casino lineup includes some of the industry's most popular and visually-stunning online jackpot slot games, including the Frightmare slot series, Rags to Riches and the Rapid Fire jackpot series, the slots that trigger their jackpots more frequently than any other online casino games.
The company also boasts some of the biggest jackpots in the industry, including Millionaires Club - a game that has made more instant millionaires in the last year than any other online casino game in history. The game has paid out more than $15 million in jackpot wins in the past year alone, with four players winning more than $1 million.
About CryptoLogic (www.cryptologic.com)
Focused on integrity and innovation, CryptoLogic Limited is a world-leading, blue-chip public developer and supplier of Internet gaming software. Its leadership in regulatory compliance makes it one of the very few companies with gaming software that is certified to strict standards similar to land-based gaming. WagerLogic Limited, a wholly-owned subsidiary of CryptoLogic, is responsible for the licensing of its gaming software and services to blue-chip customers who offer their games around the world to non-U.S. based players. For information on WagerLogic, visit www.wagerlogic.com
CryptoLogic's common shares trade on the Toronto Stock Exchange (CRY, CXY), the NASDAQ Global Select Market (CRYP) and the Main Market of the London Stock Exchange (CRP).
About Gaming Media Group (www.pokerchanneleurope.com, www.pokerheaven.com)
Gaming Media Group is the leading provider of TV and online media for gaming-related services in Europe. The Group 100% owns The Poker Channel and PokerHeaven.com. The Poker Channel launched in March 2005, and now broadcasts to over 15 million households across 16 different territories in Europe, with a leading presence in France, Germany, Scandinavia, the Netherlands and Spain. The Channel owns Europe's largest library of poker programming, with over 600 hours of premium poker content.
The Channel also operates www.PokerChannelEurope.com, a leading provider of on-demand programming for gaming fans worldwide. PokerHeaven.com launched over three and a half years ago and is now one of the most recognized poker brands in Europe.
CRYPTOLOGIC FORWARD LOOKING STATEMENT DISCLAIMER:
Statements in this press release, which are not historical are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that all forward-looking statements involve risks and uncertainties including, without limitation, risks associated with the Company's financial condition and prospects, legal risks associated with Internet gaming and risks of governmental legislation and regulation, risks associated with market acceptance and technological changes, risks associated with dependence on licensees and key licensees, risks relating to international operations, risks associated with competition and other risks detailed in the Company's filings with securities regulatory authorities. These risks may cause results to differ materially from those projected in the forward-looking statements.
Contacts:
CryptoLogic
Stephen Taylor
Chief Financial Officer
35316641682
www.cryptologic.com
Gaming Media Group
Crispin Nieboer
CEO
+44 208 762 6150
Crispin.Nieboer@GamingMediaGroup.co.uk
Argyle Communications
Karen Passmore
(North American and gaming industry media)
(416) 968-7311 ext 228
kpassmore@argylecommunications.com
Argyle Communications
Kyla Thoms
(North American and gaming industry media)
(416) 968-7311 ext 237
kthoms@argylecommunications.com
Corfin Communications
Neil Thapar
(UK media only)
+44 207 977 0020
Corfin Communications
William Cullum
(UK media only)
+44 207 977 0020
Corfin Communications
Harry Chathli
(UK media only)
+44 207 977 0020
Media Man Australia Profiles
Casino News Media
DUBLIN, IRELAND -- (MARKET WIRE) -- 08/08/08 -- CryptoLogic Limited (TSX: CRY)(TSX: CXY)(NASDAQ: CRYP)(LSE: CRP), a leading software developer to the global Internet gaming market, announced today that it has signed a three-year contract relating to Internet casino software with the Gaming Media Group Limited, owner of The Poker Channel, Europe's largest dedicated gaming television network, and PokerHeaven.com, a major European poker room.
Under the agreement, made through CryptoLogic subsidiary WagerLogic Limited, CryptoLogic's award-winning casino games will be available to players around the world - in five languages - later this year. CryptoLogic will be the sole provider of online casino software for the duration of the contract.
"We promised swift action to take CryptoLogic to the next level of online gaming, and our new relationships with leading brands such as the Gaming Media Group show that we are executing on our plan," said Brian Hadfield, CryptoLogic's President and CEO. "Gaming Media Group's commitment to promote the games through advertising means new profile for CryptoLogic products that takes them to new people and new places."
The Poker Channel, which recently announced its launch in the Netherlands on UPC, now broadcasts to more than 15 million households across 16 different territories in Europe. The channel, which offers more than 600 hours of premium programming, attracts close to one million unique viewers per month, with 65 per cent of its viewers visiting an online gaming site every day. It also operates www.PokerChannelEurope.com, a leading provider of on-demand programming for gaming fans worldwide.
PokerHeaven.com is one of the most recognized poker brands in Europe, with a player base spread across Europe and driven through its strong online and TV presence since its launch three and a half years ago.
"Our partnership with CryptoLogic provides us with a unique set of world-leading branded games that are perfectly suited to TV advertising, and various interactive TV gaming services we have planned," said Crispin Nieboer, CEO of Gaming Media Group. "As we continue to expand our European presence, we will offer our viewers and our registered players the very best in online casino games - and drive the growth of our bottom line."
Gaming Media Group will join other major online operators using CryptoLogic-developed software, including William Hill, InterCasino, and 888.
"When you put together great software and great gaming brands, the result is an unbeatable experience for players everywhere," said Antony Demetriades, WagerLogic's Managing Director.
CryptoLogic has one of the most comprehensive casino suites on the Internet today, including popular casual games such as Cubis and Bejeweled as well as an industry leading suite of video slots with interactive and immersive bonus rounds. CryptoLogic's award-winning casino lineup includes some of the industry's most popular and visually-stunning online jackpot slot games, including the Frightmare slot series, Rags to Riches and the Rapid Fire jackpot series, the slots that trigger their jackpots more frequently than any other online casino games.
The company also boasts some of the biggest jackpots in the industry, including Millionaires Club - a game that has made more instant millionaires in the last year than any other online casino game in history. The game has paid out more than $15 million in jackpot wins in the past year alone, with four players winning more than $1 million.
About CryptoLogic (www.cryptologic.com)
Focused on integrity and innovation, CryptoLogic Limited is a world-leading, blue-chip public developer and supplier of Internet gaming software. Its leadership in regulatory compliance makes it one of the very few companies with gaming software that is certified to strict standards similar to land-based gaming. WagerLogic Limited, a wholly-owned subsidiary of CryptoLogic, is responsible for the licensing of its gaming software and services to blue-chip customers who offer their games around the world to non-U.S. based players. For information on WagerLogic, visit www.wagerlogic.com
CryptoLogic's common shares trade on the Toronto Stock Exchange (CRY, CXY), the NASDAQ Global Select Market (CRYP) and the Main Market of the London Stock Exchange (CRP).
About Gaming Media Group (www.pokerchanneleurope.com, www.pokerheaven.com)
Gaming Media Group is the leading provider of TV and online media for gaming-related services in Europe. The Group 100% owns The Poker Channel and PokerHeaven.com. The Poker Channel launched in March 2005, and now broadcasts to over 15 million households across 16 different territories in Europe, with a leading presence in France, Germany, Scandinavia, the Netherlands and Spain. The Channel owns Europe's largest library of poker programming, with over 600 hours of premium poker content.
The Channel also operates www.PokerChannelEurope.com, a leading provider of on-demand programming for gaming fans worldwide. PokerHeaven.com launched over three and a half years ago and is now one of the most recognized poker brands in Europe.
CRYPTOLOGIC FORWARD LOOKING STATEMENT DISCLAIMER:
Statements in this press release, which are not historical are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that all forward-looking statements involve risks and uncertainties including, without limitation, risks associated with the Company's financial condition and prospects, legal risks associated with Internet gaming and risks of governmental legislation and regulation, risks associated with market acceptance and technological changes, risks associated with dependence on licensees and key licensees, risks relating to international operations, risks associated with competition and other risks detailed in the Company's filings with securities regulatory authorities. These risks may cause results to differ materially from those projected in the forward-looking statements.
Contacts:
CryptoLogic
Stephen Taylor
Chief Financial Officer
35316641682
www.cryptologic.com
Gaming Media Group
Crispin Nieboer
CEO
+44 208 762 6150
Crispin.Nieboer@GamingMediaGroup.co.uk
Argyle Communications
Karen Passmore
(North American and gaming industry media)
(416) 968-7311 ext 228
kpassmore@argylecommunications.com
Argyle Communications
Kyla Thoms
(North American and gaming industry media)
(416) 968-7311 ext 237
kthoms@argylecommunications.com
Corfin Communications
Neil Thapar
(UK media only)
+44 207 977 0020
Corfin Communications
William Cullum
(UK media only)
+44 207 977 0020
Corfin Communications
Harry Chathli
(UK media only)
+44 207 977 0020
Media Man Australia Profiles
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Souths' pokie plan flawed from start, byRay Chesterton - The Daily Telegraph - 15 August 2008
There must be a special place in the heaven of the naive for Souths supporters who really believed the leagues club could survive without poker machines.
We can only hope Souths supporters never receive those imaginative emails saying that sending your banking details will trigger the release of millions of dollars to you.
It would create embarrassing dislocation.
The "no pokies" policy at Souths Leagues Club will be rejected by members today at a meeting at the Redfern Town Hall.
The meeting cannot be held at the leagues club. It's closed with no obvious date for re-opening.
The formal defeat of such a illogical, pompously high-minded and morally judgmental - yet fatally flawed - concept was inevitable.
Geez, Souths supporters, haven't you been burned enough by the languid web-spinning of fractured fairy tales?
I don't have any time for poker machines but they are not necessarily the mechanical manifestations of the devil that some people claim.
Poker machines have been an integral part of Sydney's rugby league infrastructure for more than half a century. In a game that was driven by money for payments to players, transfer fees and increasing administration they became increasingly vital.
It was poker machine cash from St George Leagues Club, an edifice so lavish and ahead of its time it was called the Taj Mahal, that bought the players who won 11 titles in a row.
Poker machines also enabled club boards to sponsor cheaper meals and drinks, donate to charities and underwrite community sport and social projects - until the Carr Government allowing them in pubs and profits dropped.
Poker machines have been a river of gold in rugby league. Suddenly cutting off the financial drip - at any club - was at best unrealistic and at worst financially suicidal.
Yet Russell Crowe and Peter Holmes a Court did just that, ignoring reality as they verbally spun straw into gold and filled the air with more dreams of heaven on earth than a TV evangelist.
No mention of what would replace the million dollars a year the leagues club provided to the football club.
Except it would not be coming out of their pockets. All they offered was haze and an obscure future.
One plan was to entice a restaurateur to open a fish cafe in the leagues club that would appeal to families.
"A place where families can gather for good food and conversation (without) the distracting din of pokies," Russell wrote to members.
Does Russell know the price of a good fillet of snapper, let alone barramundi?
Take your family to a feed of fish and you'd have to win a jackpot on the pokies to play the bill.
There was talk of a "club with no pokies" page on Facebook - an internet site perhaps not known to all of Souths' often economically challenged supporters.
Surely, Souths, you've had enough of this nonsense.
Holmes a Court and Crowe swept across Souths like a hot dry wind, searing every aspect of the club's culture into scorched earth.
Redfern Oval is gone. Souths' home ground is now the cavernous ANZ Stadium, which it shares with other clubs - ending a century of individuality.
The leagues club and the team, after an appalling start, are out of semi-final negotiations despite a praiseworthy recovery.
You need new heroes Souths. It won't be George Piggins. He's unavailable.
But you better find someone quick. Last year Souths lost $4 million despite making the final eight.
This year's losses will be worse.
And all is silence from Crowe and Holmes a Court.
Media Man Australia Profiles
South Sydney Rabbitohs
Poker and Casino News
Casino News Media
There must be a special place in the heaven of the naive for Souths supporters who really believed the leagues club could survive without poker machines.
We can only hope Souths supporters never receive those imaginative emails saying that sending your banking details will trigger the release of millions of dollars to you.
It would create embarrassing dislocation.
The "no pokies" policy at Souths Leagues Club will be rejected by members today at a meeting at the Redfern Town Hall.
The meeting cannot be held at the leagues club. It's closed with no obvious date for re-opening.
The formal defeat of such a illogical, pompously high-minded and morally judgmental - yet fatally flawed - concept was inevitable.
Geez, Souths supporters, haven't you been burned enough by the languid web-spinning of fractured fairy tales?
I don't have any time for poker machines but they are not necessarily the mechanical manifestations of the devil that some people claim.
Poker machines have been an integral part of Sydney's rugby league infrastructure for more than half a century. In a game that was driven by money for payments to players, transfer fees and increasing administration they became increasingly vital.
It was poker machine cash from St George Leagues Club, an edifice so lavish and ahead of its time it was called the Taj Mahal, that bought the players who won 11 titles in a row.
Poker machines also enabled club boards to sponsor cheaper meals and drinks, donate to charities and underwrite community sport and social projects - until the Carr Government allowing them in pubs and profits dropped.
Poker machines have been a river of gold in rugby league. Suddenly cutting off the financial drip - at any club - was at best unrealistic and at worst financially suicidal.
Yet Russell Crowe and Peter Holmes a Court did just that, ignoring reality as they verbally spun straw into gold and filled the air with more dreams of heaven on earth than a TV evangelist.
No mention of what would replace the million dollars a year the leagues club provided to the football club.
Except it would not be coming out of their pockets. All they offered was haze and an obscure future.
One plan was to entice a restaurateur to open a fish cafe in the leagues club that would appeal to families.
"A place where families can gather for good food and conversation (without) the distracting din of pokies," Russell wrote to members.
Does Russell know the price of a good fillet of snapper, let alone barramundi?
Take your family to a feed of fish and you'd have to win a jackpot on the pokies to play the bill.
There was talk of a "club with no pokies" page on Facebook - an internet site perhaps not known to all of Souths' often economically challenged supporters.
Surely, Souths, you've had enough of this nonsense.
Holmes a Court and Crowe swept across Souths like a hot dry wind, searing every aspect of the club's culture into scorched earth.
Redfern Oval is gone. Souths' home ground is now the cavernous ANZ Stadium, which it shares with other clubs - ending a century of individuality.
The leagues club and the team, after an appalling start, are out of semi-final negotiations despite a praiseworthy recovery.
You need new heroes Souths. It won't be George Piggins. He's unavailable.
But you better find someone quick. Last year Souths lost $4 million despite making the final eight.
This year's losses will be worse.
And all is silence from Crowe and Holmes a Court.
Media Man Australia Profiles
South Sydney Rabbitohs
Poker and Casino News
Casino News Media
Thursday, August 14, 2008
Crown Casino in $1 billion refinancing, by Katherine Jimenez - The Australian - 14th August 2008
James Packer's Crown Ltd yesterday announced that it had completed a $1.01 billion refinancing agreement in a move to extend the maturity profile of its debt finance portfolio.
In a brief statement to the Australian Securities Exchange, Crown said: "Proceeds of the new debt facilities will be used to pay down Crown's existing $2.15 billion syndicated loan facility."
The facility matures in 2010.
It said the refinancing was undertaken "to extend the maturity profile of Crown's debt finance portfolio".
The new debt facility was structured in three tranches, with the bulk -- $600 million - syndicated among 11 Australian and international banks on a five-year term at an interest rate of 5.5 per cent.
A $200 million bilateral loan facility was struck with the National Australia Bank on a five-year term at interest of 5.13 per cent.
The third arrangement was a $US200 million private placement with the Bank of America and Bank of Scotland acting as co-lead arrangers and Westpac and the Commonwealth Bank co-agents.
The maturity profile ranges from seven to 12 years at interest of 7.57 per cent.
Shares in Crown closed 25c weaker yesterday at $8.15.
Media Man Australia Profiles
Casino News Media
James Packer's Crown Ltd yesterday announced that it had completed a $1.01 billion refinancing agreement in a move to extend the maturity profile of its debt finance portfolio.
In a brief statement to the Australian Securities Exchange, Crown said: "Proceeds of the new debt facilities will be used to pay down Crown's existing $2.15 billion syndicated loan facility."
The facility matures in 2010.
It said the refinancing was undertaken "to extend the maturity profile of Crown's debt finance portfolio".
The new debt facility was structured in three tranches, with the bulk -- $600 million - syndicated among 11 Australian and international banks on a five-year term at an interest rate of 5.5 per cent.
A $200 million bilateral loan facility was struck with the National Australia Bank on a five-year term at interest of 5.13 per cent.
The third arrangement was a $US200 million private placement with the Bank of America and Bank of Scotland acting as co-lead arrangers and Westpac and the Commonwealth Bank co-agents.
The maturity profile ranges from seven to 12 years at interest of 7.57 per cent.
Shares in Crown closed 25c weaker yesterday at $8.15.
Media Man Australia Profiles
Casino News Media
Packer and Ho in Macau makeover - The Sydney Morning Herald - 14th August 2008
James Packer and Lawrence Ho, two sons of billionaires, opened a $US524 million casino in Macau in May 2007. It was a flop.
The empty building was ``eerie,'' the 31-year-old son of casino magnate Stanley Ho said in an interview. Three months after Crown Macau's grand opening, the two co-chairmen of Melco Crown Entertainment, its Hong Kong-based owner, decided it was time to ``throw in a nuclear bomb,'' Ho said.
Packer and Ho ripped out two-thirds of their low-limit gambling tables and four-fifths of the slot machines to make space for high rollers. The casino shifted its focus from middle- class gamblers to VIP players who spend at least 1 million patacas ($130,000) per visit.
The strategy handed Melco Crown 15% of Macau's casino business in less than a year as it seeks to take VIP share from larger establishments run by Las Vegas Sands and Wynn Resorts.
``Before, Crown Macau couldn't even break even,'' said Billy Ng, a Hong Kong-based analyst at JPMorgan Chase. ``Now it looks like it's making a profit.''
Melco Crown's shares, which dropped 42% this year, will climb 67% over the next 12 months, according to analysts' estimates compiled by Bloomberg. That compares with predictions of a decline for Wynn and a 1.4% gain for Sands, based on Aug. 12 stock prices.
The shares were unchanged at $US6.75 in Nasdaq Stock Market trading on Aug. 12.
`Undervalued stock'
``The stock is undervalued,'' Michael Perna, an analyst with AAD Capital Management LP in California, said in an interview. The fund manager bought 1.55 million Melco Crown shares, according to a second-quarter regulatory filing. He's since continued buying, he said.
Melco Crown, which had a loss of $US178.2 million ($205,00) in 2007, posted a profit of $US43.2 million in the first quarter of this year. It will report a second-quarter profit when it releases earnings today, according to the average estimate of four analysts surveyed by Bloomberg.
The company's new focus on big spenders is also being applied to its $US2.1 billion resort development called City of Dreams being built in Macau's Cotai district. Among the VIP- oriented changes planned for the casino, scheduled to open next year, is a reduction in slot machines to 1,500 from 3,500, Ho said, which appeal primarily to middle-class gamblers.
``We want to be a higher-value proposition than'' Las Vegas Sands' Venetian Macao across the street, he said.
A City of Dreams
With City of Dreams, Packer and Ho have positioned Melco Crown to benefit from the anticipated increase in gambling revenue in Macau, Lawrence Klatzkin, an analyst at Jefferies & Co. in New York, said in an interview.
``City of Dreams will enable them to expand'' the VIP business further, said Klatzkin, who recommends buying the shares and expects them to rise to $US19. ``The Crown is pretty close to being capped out, it's not a big facility.''
Ho and his partner, who is the son of Kerry Packer, the richest man in Australia before he died in December 2005, will face competition from brand names in gambling -- even some from family. MGM Grand Macau, a venture between Las Vegas-based
MGM Mirage and Ho's older sister Pansy Ho, will almost double its VIP tables to 150 and convert the 34th and 35th floors of its development to exclusive gambling rooms, Chief Executive Officer Terrence Lanni said on an Aug. 5 conference call.
The Ho legacy
Patriarch Ho, who held a 40-year casino monopoly in the former Portuguese colony, never saw Macau as more than a gambling destination. Then, in 2002, Macau offered new licenses and the US billionaires and their well-known Las Vegas brands -- Sheldon Adelson's Las Vegas Sands, Stephen Wynn's Wynn Resorts, and Kirk Kerkorian's MGM Mirage -- moved in.
Macau's casino gambling revenue rose 55% to 58.7 billion patacas in the first six months of the year, accelerating from 47% growth in 2007. Local government data shows VIPs contributed about 70% of Macau revenue so far this year.
One tactic to lock up the VIP gambling market that ``ruffled some feathers,'' according to Ho, was a deal struck with Amax Entertainment Holdings Ltd.'s 80%-owned junket operator AMA International Ltd. AMA brings in about one-fifth of Macau's high rollers, according to Karen Tang, a Hong Kong-based analyst at Deutsche Bank AG.
Melco Crown agreed to help Amax raise $HK2 billion ($295 million) on the Hong Kong stock exchange in December 2007 and pay AMA commission on high-roller junkets. In return Amax guaranteed a steady flow of wealthy gamblers from China to Crown Macau.
Tourists from Japan
When Melco Crown and rivals began to build a Las Vegas-style destination with five-star restaurants and top-draw entertainers, they aimed to entice middle-class Chinese and tourists to fill the thousands of hotel rooms they were building.
``We need to be able to draw a lot more visitors from places like Japan or South Korea,'' said Andy Wu, the president of the Travel Industry Council of Macau, an industry body representing local travel agencies. ``These are the ones more likely to spend on things other than gaming.''
Packer and Ho and other casino owners soon realized middle- class gamblers weren't necessarily staying away by choice. The city's transportation infrastructure is underdeveloped, with older ferry terminals and proposed sky-rails that have never been built, making a Macau getaway less accessible.
To overcome the problem, some casinos such as the Sands have bought their own ferries. With infrastructure improvements and more rooms to accommodate bigger numbers, Ho said that ``next year will be a banner year.''
Bloomberg New
Media Man Australia Profiles
Casino News Media
James Packer and Lawrence Ho, two sons of billionaires, opened a $US524 million casino in Macau in May 2007. It was a flop.
The empty building was ``eerie,'' the 31-year-old son of casino magnate Stanley Ho said in an interview. Three months after Crown Macau's grand opening, the two co-chairmen of Melco Crown Entertainment, its Hong Kong-based owner, decided it was time to ``throw in a nuclear bomb,'' Ho said.
Packer and Ho ripped out two-thirds of their low-limit gambling tables and four-fifths of the slot machines to make space for high rollers. The casino shifted its focus from middle- class gamblers to VIP players who spend at least 1 million patacas ($130,000) per visit.
The strategy handed Melco Crown 15% of Macau's casino business in less than a year as it seeks to take VIP share from larger establishments run by Las Vegas Sands and Wynn Resorts.
``Before, Crown Macau couldn't even break even,'' said Billy Ng, a Hong Kong-based analyst at JPMorgan Chase. ``Now it looks like it's making a profit.''
Melco Crown's shares, which dropped 42% this year, will climb 67% over the next 12 months, according to analysts' estimates compiled by Bloomberg. That compares with predictions of a decline for Wynn and a 1.4% gain for Sands, based on Aug. 12 stock prices.
The shares were unchanged at $US6.75 in Nasdaq Stock Market trading on Aug. 12.
`Undervalued stock'
``The stock is undervalued,'' Michael Perna, an analyst with AAD Capital Management LP in California, said in an interview. The fund manager bought 1.55 million Melco Crown shares, according to a second-quarter regulatory filing. He's since continued buying, he said.
Melco Crown, which had a loss of $US178.2 million ($205,00) in 2007, posted a profit of $US43.2 million in the first quarter of this year. It will report a second-quarter profit when it releases earnings today, according to the average estimate of four analysts surveyed by Bloomberg.
The company's new focus on big spenders is also being applied to its $US2.1 billion resort development called City of Dreams being built in Macau's Cotai district. Among the VIP- oriented changes planned for the casino, scheduled to open next year, is a reduction in slot machines to 1,500 from 3,500, Ho said, which appeal primarily to middle-class gamblers.
``We want to be a higher-value proposition than'' Las Vegas Sands' Venetian Macao across the street, he said.
A City of Dreams
With City of Dreams, Packer and Ho have positioned Melco Crown to benefit from the anticipated increase in gambling revenue in Macau, Lawrence Klatzkin, an analyst at Jefferies & Co. in New York, said in an interview.
``City of Dreams will enable them to expand'' the VIP business further, said Klatzkin, who recommends buying the shares and expects them to rise to $US19. ``The Crown is pretty close to being capped out, it's not a big facility.''
Ho and his partner, who is the son of Kerry Packer, the richest man in Australia before he died in December 2005, will face competition from brand names in gambling -- even some from family. MGM Grand Macau, a venture between Las Vegas-based
MGM Mirage and Ho's older sister Pansy Ho, will almost double its VIP tables to 150 and convert the 34th and 35th floors of its development to exclusive gambling rooms, Chief Executive Officer Terrence Lanni said on an Aug. 5 conference call.
The Ho legacy
Patriarch Ho, who held a 40-year casino monopoly in the former Portuguese colony, never saw Macau as more than a gambling destination. Then, in 2002, Macau offered new licenses and the US billionaires and their well-known Las Vegas brands -- Sheldon Adelson's Las Vegas Sands, Stephen Wynn's Wynn Resorts, and Kirk Kerkorian's MGM Mirage -- moved in.
Macau's casino gambling revenue rose 55% to 58.7 billion patacas in the first six months of the year, accelerating from 47% growth in 2007. Local government data shows VIPs contributed about 70% of Macau revenue so far this year.
One tactic to lock up the VIP gambling market that ``ruffled some feathers,'' according to Ho, was a deal struck with Amax Entertainment Holdings Ltd.'s 80%-owned junket operator AMA International Ltd. AMA brings in about one-fifth of Macau's high rollers, according to Karen Tang, a Hong Kong-based analyst at Deutsche Bank AG.
Melco Crown agreed to help Amax raise $HK2 billion ($295 million) on the Hong Kong stock exchange in December 2007 and pay AMA commission on high-roller junkets. In return Amax guaranteed a steady flow of wealthy gamblers from China to Crown Macau.
Tourists from Japan
When Melco Crown and rivals began to build a Las Vegas-style destination with five-star restaurants and top-draw entertainers, they aimed to entice middle-class Chinese and tourists to fill the thousands of hotel rooms they were building.
``We need to be able to draw a lot more visitors from places like Japan or South Korea,'' said Andy Wu, the president of the Travel Industry Council of Macau, an industry body representing local travel agencies. ``These are the ones more likely to spend on things other than gaming.''
Packer and Ho and other casino owners soon realized middle- class gamblers weren't necessarily staying away by choice. The city's transportation infrastructure is underdeveloped, with older ferry terminals and proposed sky-rails that have never been built, making a Macau getaway less accessible.
To overcome the problem, some casinos such as the Sands have bought their own ferries. With infrastructure improvements and more rooms to accommodate bigger numbers, Ho said that ``next year will be a banner year.''
Bloomberg New
Media Man Australia Profiles
Casino News Media
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