2009 August 27 Gambling News, Events and Happenings

Fitch Ratings-Sydney/Singapore-28 August 2009: Fitch Ratings has today said that Australian’s casino operator Crown Limited’s (Crown) Long-term IDR of ‘BBB’/Stable Outlook will not be affected by the announcement of its financial results for FY09. Crown reported a net loss of AUD1.2bn after non-recurring items of AUD1.4bn (an amount of AUD547.5m was reported at the half year).

The mayor of Las Vegas and the mayor of Reno are upset with the NCAA. The two leaders sent an angry letter to the organization because of a new rule that stops championship games from being played in any state that allows gambling on a single game.

THE NFL swiped a page out of Plaxico Burress’ playbook. Pow, shot itself in the foot. Dragged the state of Delaware into Federal Court of Appeals to derail the start of single-game sports betting and, shazam, wound up with a unanimous verdict that the plans violated a federal law.

Donald J. Trump was handed a legal setback on Thursday in his battle to buy back three Atlantic City casinos that he once controlled.

Aug. 28 (Bloomberg) — Philippine billionaire Andrew Tan and Star Cruises Ltd. will today open their $700 million Resorts World Manila , which may more than double the citys casino revenue.

Facing a Monday deadline, state leaders and the Seminoles appear closer than ever to getting a gambling deal authorizing the tribe to operate blackjack and slots in exchange for money dedicated to state schools.

Aug. 27 (Bloomberg) — Donald Trump s effort to regain control of Trump Entertainment Resorts Inc. will be investigated by a court-approved bankruptcy examiner, the judge overseeing the casino operators Chapter 11 case ruled today.

A federal bankruptcy judge has handed Donald Trump a legal setback in his battle to buy back three Atlantic City casinos he once controlled.

Aug. 27 (Bloomberg) — Donald Trump must compete with bondholders for control of the bankrupt casino company that bears his name, a judge ruled today.