Lottery giant Scientific Games Corp. completed its $1.5 billion buyout of slot machine maker WMS Industries Friday, less than 10 months after the merger was announced.
New York-based Scientific Games announced the deal’s completion through a filing with the Securities and Exchange Commission. Scientific Games paid WMS shareholders $26 per share. The transaction was approved by WMS shareholders and the Federal Trade Commission.
The merger leaves Scientific Games with $3 billion in debt, as well as a $300 million line of credit for future expansion.
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The online gambling jurisdiction of Canada has a reputation as being an open book with few restrictions on international gambling. The federal rules in Canada say it is illegal to go to offshore gambling sites and wager real money but there is very little to stop a resident in Canada from doing so.
Canadians feel the offshore international operators offer a better product. Canadians can fund their sports books, casino or poker sites using credit cards although some credit card companies voluntarily withdrew that option;. There are also e-wallets like Moneybookers and Instadebit; Western Union or MoneyGram or simply by way of a check to play the sites. PokerStars, Party Poker and Full Tilt have never been off limits to Canadian residents and are still the biggest poker sites for Canadian poker players and all sports books including Bet365, Betfair, William Hill, Ladbrokes, Pinnacle and others offer their products to Canadians.
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Despite State Gambling Ban Lawyers Push for Airport Casino
Two Indiana attorneys have floated the idea for a mobile casino at Indianapolis Airport, a move that they hope would bring more airlines to an airport suffering with a lack of direct flights.
The idea would be that the airport would have its own mobile application available over their WiFi, and visitors would be able to log on and playmobile casino games for small sums of cash while waiting for their flights.
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Without a doubt, the gambling industry has become increasingly popular the mobile market. The popularity of this new medium shouldn’t be all that surprising really, considering the enormity of the industry in its traditional form. Thousands of tourists, newbies, and seasoned gamblers alike flock to Sin City to try their hand every year. In 2012 Las Vegas Strips’ gaming revenue was $6.2 billion. People just love their poker, slots, blackjack, and bingo.
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It’s hard to browse Facebook’s App Center without running into a few casino titles, but Heart of Vegas from Product Madness looks to blow its competition out of the water by offering a more realistic experience, with slot machines “just like the ones you know and love.”
Heart of Vegas contains multiple slot machines, each with their own themes and varying bet amounts. Those looking to play it safe can play on cheaper machines like Werewolf Wild, with its minimum bet of 10 chips per line, while high rollers can play on machines with 20,000 chips per line or more.
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Two Trump Atlantic City casinos, the Trump Plaza Hotel and Casino and the Trump Taj Mahal Casino Resort, have been awarded online gambling licenses by the New Jersey Division of Gaming Enforcement, joining the Borgata and the Golden Nugget on the starting line for November 26.
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Social-game publisher Zynga will report its financial results for its fiscal third quarter later this month, and at least one analyst is expecting some disappointing news.
The company is in a transitional phase under new chief executive officer Don Mattrick. He’s led the company since July, and investors welcomed Microsoft’s former Xbox boss with an increased stock price. Zynga shares are currently trading at around $3.80, but that price might start to dive soon.
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America’s first legal mobile casino will very likely be running off a server somewhere in the heart of New Jersey.
According to published reports, New Jersey gaming officials are taking a close look at how mobile iGaming will fit into their ambitious dream of dominating the US market.
Details about how the Garden State would actually regulate mobile operators are still pretty thin and, so far, there’s been no official announcement from the NJ Division of Gaming Enforcement.
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