| Hachem Gets to Keep His Gambling Winnings | 26 Dec 2005 |
| Imagine winning millions of dollars while participating in the poker gambling event of the year, only to fond out that you might have to give the state its share of the winning. It hasn’t been easy on Joe Hachem from Australia who recently returned to his native county after winning $10 million gambling at the World Series of Poker in Las Vegas. |
|
| Macao Supersedes 2004 Gambling Tax Revenues | 13 Dec 2005 |
| With a population of approximately half a million, Macao is the only place in China where gambling is permissible by law. Macao is a small territory on the southern coast of China that features 17 casinos. It’s not for noting that Macao is regarded as the gambling capital of the East. |
|
| Gambling in Aftermath of Hurricane Katrina | 28 Nov 2005 |
| Hurricane Katrina has had a devastating effect on the US Gulf gambling industry. Many offshore gambling facilities were demolished. Land based gambling resorts were not spared as they also sustained heavy damages. In the aftermath of Hurricane Katrina many gambling operators have worked diligently to get their casinos up and running once again. |
|
| Kentucky Gambling Act Picking Up Steam | 18 Nov 2005 |
| A month ago, we told you about the Jefferson County Teachers Association in Kentucky that pushes for legislation that will allow casino gambling from within horse tracks. Apparently, the teachers association has found an ally in the Kentucky Equine Education Project (KEEP) who is also lobbying heavily for the state to allow casino gambling at licensed tracks, which stands to generate a projected $437.5 million in revenues for the state. |
|
| Land Based Gambling Operators Eyeing Singapore | 17 Nov 2005 |
| Land based gambling operator Harrah’s Entertainment Inc. which operates a number of casinos in the US was one of the bidders for a license to operate land based gambling facilities in Singapore. Harrah’s Entertainment was accompanied by seven other land based gambling operators, including Wynn Resorts Ltd. and MGM Mirage, who also participated in the bidding. |
