2007 May 14 Gambling News, Events and Happenings - Page 2

One of the biggest economic projects in the Lehigh Valley in decades is now officially underway after a ceremonial groundbreaking Monday. Approximately 200 people attended the Sands BethWorks ceremony launching the $600 million casino, hotel and retail complex on the grounds of the old Bethlehem Steel Corporation.

The resignation of Isle of Capri Casinos Inc.’s president and chief operating officer, Timothy Hinkley, will become effective July 27, according to a regulatory filing Monday.

Three payment-processors have been accused of miscoding gaming transactions and funneling that money to online casinos and sportsbooks in grand jury indictments unsealed last week in Utah.

BURNABY, BRITISH COLUMBIA AND SYDNEY, AUSTRALIA– - Gateway Casinos Income Fund and New World Gaming Partners Ltd. announced today that New World Gaming has mailed to unitholders and debentureholders of the Fund a take-over bid circular dated May 8, 2007 in connection with its previously announced offer to acquire all of the outstanding units of the Fund at a price of $25.26 per unit in cash and …

Isle of Capri Casinos, Inc. Chief Financial Officer Donn Mitchell is scheduled to speak at the Bear Stearns 16th Annual Global Credit Conference at the Waldorf Astoria in New York on Tuesday, May 15 at 2:15 pm Eastern.

COLORADO — As reported by the Denver Post: “Colorado businesses could help shape the development of a $10 million casino and resort project in Vietnam, one of a number of countries in Asia looking to expand their gambling operations.

It is indisputable that money dictates much of what happens in sports, and that is especially true in horse racing. The high cost of feeding, training and caring for a horse forces owners to run for as much money as possible whenever they send their animals to the starting gate.

MACAU’S newest casino, the Crown Macau, opened its doors at the weekend, billing itself as the first in the tiny Chinese territory to offer a six-star gambling experience. via The Courier Mail

IOWA As reported by the Des Moines Register: “Iowa’s gambling regulators plan to review federal conspiracy charges filed in an ongoing job-training scandal against a board member of Polk County-owned Prairie Meadows Racetrack and Casino.