Gaming Industry News Weekly Recap – Stories You Might Have Missed

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weekly news recap june 23AMERICAS
Nevada made history by approving its first two online poker licensees and the sportsbook acquisitions of William Hill, plus the first of the state’s independent testing labs; online gambling bills in Delaware and New Jersey each took a step closer to reality, as did California’s sports betting bill; Fertitta Interactive launched its social gaming site; Intertops stopped accepting new US players; Lock Poker took some heat over its treatment of an affiliate; Phil Ivey signed up for the $1m Big One for One Drop at the World Series of Poker; Elaine Wynn filed suit against her ex-hubby Steve to lift restrictions on selling her Wynn Resorts stock while Vince Martin graded gaming stocks from the perspective of someone who doesn’t have an Elaine Wynn-worthy bankroll to invest.

Playtech set a date for the long-rumored split of its iPoker network into two separate liquidity pools and unveiled its fast-fold poker Speed Hold’em product; Germany’s federal states ratified their new Interstate Gaming Treaty; PokerStars inked tennis pro Rafael Nadal as its new celebrity brand ambassador; Italy merged its gaming regulator with another state agency; former Microgaming skin 5050Poker announced its intention to liquidate; OPAP betting shops in Cyprus are under siege and South Africa’s casino business fears a proposed new tax regime.

Despite Philippine gaming operator/regulator Pagcor posting its 11th straight month of record gross revenues, some politicians are determined to privatize its gaming operations; Genting boosted its stock in Echo Entertainment to match rival Crown Ltd.; Wynn Resorts won a legal skirmish in its longstanding war against Kazuo Okada, but Las Vegas Sands lost its bid to quash a suit brought by its former Macau partner; Silver Goose 8’s Aris McKay Lacuna discussed online agencies/junkets with Angelia Ong; Cantor Gaming announced it was seeking a Macau gaming license; analysts suggested the Macau gaming table cap is a myth; Asia drove the growth of worldwide lottery sales and, coincidentally, the number of new millionaires; and the Anti-Euro 2012 police tournament is off to a roaring start.


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