2005 December 06 Gambling News, Events and Happenings - Page 7

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Leisure group Rank is predicting that profits for its financial year will dip slightly because of a 6% fall in Bingo customers and a subsequent drop in revenue.

The legal action comes after Partygaming altered its systems Empire Online, which promotes internet poker and casino sites, has started legal proceedings against former ally Partygaming in Gibraltar High Court.

The state representative says the pay raise has aroused public interest in state government, and people may look more critically at slots legislation.

Empire Online said on Tuesday it had initiated legal proceedings in Gibraltar High Court against its former partner PartyGaming. Empire (EOL.L: Quote, Profile, Research), the brainchild of Israeli entrepreneur Noam Lanir, floated its shares in Jun

National studies show the number of young people gambling on poker and other card games has skyrocketed in recent years. But while poker is a harmless diversion for most teens, some experts caution that the risks of gambling addiction are being overlooked.

Price talk on the US$500 million two-tranche bond from Macau’s Galaxy Casino is for a yield in the 10% area for the seven-year fixed-rate bond, not callable for the first four years, and around 500 basis points over the London interbank offered rate

British-based leisure group Rank today said annual profits would be lower than last year as its Blue Square sports-betting and bingo operations continued to offset growth at its Hard Rock Café chain.

Leading FTSE shares opened modestly higher with banking group HBOS leading the risers following a positive trading update.