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Deed of Settlement Ends Ho Family Feud

jphilips — Thu, 10 Mar 2011 20:24:13 +0000

Or does it? The recent shuffling of of ownership among the billionaire tycoon’s various family members was at the root of the conflict, and the deed — finalized and executed on March 8 — merely states that the disagreements have come to an end. It say nothing at all about who gets what, or whether [...]

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Deed of Settlement Ends Ho Family Feud

ABB Blasts IOC Gambling Tax Prosposal

jphilips — Wed, 02 Mar 2011 18:39:20 +0000

In a statement on Tuesday, Jacques Rogge, President of the International Olympic Committee, likened illegal gambling to steroid use when he called for an international anti-gambling force organized similarly to the World Anti-Doping Agency — i.e., some sort of EU or UN-led entity that coordinated police and government activities to combat sports betting. Of course, [...]

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ABB Blasts IOC Gambling Tax Prosposal

Newest Lawsuit Divides Ho Dynasty

jphilips — Wed, 16 Feb 2011 17:51:30 +0000

The unfolding drama over the fate of gambling mega-tycoon Stanley Ho’s empire continues with a fresh lawsuit filed Wednesday against members of his own family. While the legal and financial details (and family relationships) are far too complex to cover here, the battle is over a $1.4 billion stake in Ho’s SJM Holdings, Ltd. — [...]

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Newest Lawsuit Divides Ho Dynasty

Bruce Willis in Major Hollywood Online Gambling Film?

jphilips — Tue, 15 Feb 2011 17:31:35 +0000

…and it’s not just a rumour; Bruce Willis, Catherine Zeta-Jones and Justin Timberlake have all been named as “in talks” to star in a major motion picture about the rise of online gambling. “Lay the Favorite” by Beth Raymer is the basis for the script — although we’re sure nobody will be surprised if there [...]

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Bruce Willis in Major Hollywood Online Gambling Film?

Macau Allows Lessened Q4 Loss for MGM

jphilips — Mon, 14 Feb 2011 17:52:12 +0000

MGM Resorts exceeded analyst expectations by reporting a smaller loss in the fourth quarter, as its Grand Macau success outpaced losses in the rest of the world. While Las Vegas continues to show minor and sporadic signs of recovery from the economic slump, the smart gambling money continues to focus its attention on Macau. MGM [...]

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Macau Allows Lessened Q4 Loss for MGM

Time for Gambling in Hawaii?

jphilips — Tue, 01 Feb 2011 17:47:44 +0000

As a perennial picture-perfect vacation destination halfway between Asia and the Americas, Hawaii seems like an ideal location for a world-class gambling operation. Indeed, few years have passed in recent memory without some proposal to expand gambling in the islands. This year sees a bill to add Hawaii to the list of states with Powerball [...]

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Time for Gambling in Hawaii?

Update on Ho Holdings Drama

jphilips — Tue, 25 Jan 2011 17:50:16 +0000

Yesterday we reported that billionaire Macau gambling magnate Stanley Ho had finalized the division of his empire among his wives and children. While accurate in most respects, it turns out that Stanley Ho is not directly responsible for the division — nor is he happy about it. A challenge on Mr. Ho’s behalf was presented [...]

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Update on Ho Holdings Drama

Ho Dynasty Divided

jphilips — Mon, 24 Jan 2011 21:43:51 +0000

Billionaire Stanley Ho has officially finished dividing his assets, but the conflict over control of the controversial magnate’s businesses may rage on for a long time yet. Regular readers and industry followers will undoubtedly recognize the name of Stanley Ho from our coverage of Macau’s rising casino fortunes. Until the last few years, Ho’s SJM [...]

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Ho Dynasty Divided

Sinatra’s Resort Casino to Reopen

jphilips — Sat, 22 Jan 2011 03:26:41 +0000

A Rat Pack hangout once owned by Frank Sinatra will begin offering casino gaming again, after nearly a year without. The widespread economic slump was felt keenly by the gambling industry, causing a number of closings — including the end of gaming on March 31st last year at the Cal Neva resort casino, which straddles [...]

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Sinatra’s Resort Casino to Reopen

Las Vegas: November Ends Three-Month Revenue Rally

jphilips — Thu, 20 Jan 2011 18:51:49 +0000

On Tuesday, the Nevada Gaming Control Board delivered the revenue report for November, and it was difficult but by no means unprecedented. After three months of moderate but long-awaited gains, casinos ended up winning $822 million — 5.9% less compared to November of 2009. Take baccarat, for example. One of the casinos’ top attractions for [...]

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Las Vegas: November Ends Three-Month Revenue Rally