Profiles
Media Man Crown Casino James Packer Tabcorp Holdings Asia Pacific Games Gambling911 Internet City Of Dreams Macau Bwin.Party Digital Entertainment Australia
Asia Pacific gambling is on fire. Much of today's coverage involved Aussie gambling king James Packer from Crown Limited fame being none to impressed with Australian Prime Minister Julia Gillard, and Packer is using the media as a war against the "anti business" and "business unfriendly" PM. In addition Crown is rumoured to be interested in Echo Entertainment owned Star City casino in Sydney, understood to be at risk of having a number of brothel's and other vice related enterprises close by to its city location. Up to Asia, Crown may sell it's stake in Crown Macau to help raise funds for the takeover of Star City... Media Man , Gambling911 and James Packer dish it out in spades with today's ace update from down under...
Crown Limited May Sell Out Macau Casino Investment To Raise Cash For Echo Entertainment Star City Bid...
JP's Crown could fund a $3.6 billion move on casino rival Echo Entertainment next year by exiting its growing Macau venture, analysts say. Crown this week confirmed a 4.9% interest in Echo and Tabcorp Holdings by way of derivatives, which it acquired before Tabcorp's demerger of the casino group this month. Crown talked down its interested in Echo and Star City et al. Despite Crown saying it has no "current" intention of increasing its interest in either, Merrill Lynch analyst Nathan Gee said it could make a move next year on Echo after the relaunch of its Star City casino in Sydney. Echo is also upgrading its three land based casinos in Queensland in a $1.6bn expansion investment. Gee advised Crown acquired a stake in its Burswood casino in Perth in 2003 before its full takeover in 2004. "The Star relaunch in late 2011 will be a critical time for Echo management, so we think it makes sense for bidders to allow management to concentrate," he said. "We can't discount a Crown takeover of Echo, but we think a deal is unlikely until 2012. A combination of Crown and Echo could create about $600m of net present value synergy benefits." Crown is expected to be weighed down by its holding in Echo and yesterday ended down 1.15%at $8.57. Echo dropped 1.7% to $4.10. Takeover speculation has been rife around Echo Entertainment and Tabcorp since its demerger in a similar vein to beer firm Foster's, which this week attracted a $9.5bn offer from brewing giant SAB Miller after it demerged its wine unit. While some analysts have seriously questioned Crown moving on Echo, particularly given its mixed merger and aquition record, Gee said Crown could pay up to $5.25 per share, or $3.6bn, for Echo and make the deal "valuation neutral". He said Crown could fund a bid without a large equity raising by selling its $2bn or so stake in its Macau venture, Melco Crown Entertainment (MPEL), plus up to $700m of debt. "We can't rule out Crown looking to divest MPEL, particularly if the Australian market continues to discount the value of Macau relative to the Melco Crown share price," Gee went on record with to the press. Crown currently holds a 33.4% stake in Melco Crown, which has signed a $US360m deal to secure the group's third casino resort in Macau. Citi yesterday initiated coverage of Echo at a buy and a $4.70 target price but said private equity was a more likely near-term buyer than Crown. "The numbers are challenging for Crown . . . private equity may have interest, as the casino cashflows facilitate high leverage, and the ultimate exit strategy is clear, through a sell-down of Star to Crown and Queensland casinos to Sky City," analyst Jenny Owen said. On Macquarie's numbers, predators would struggle to offer more than $5 a share for Echo. On Crown's Tabcorp holding, Gee said it could hold in the hope of Tatts making its mooted move on Tabcorp. A Media Man analyst said "The Star City casino opportunity could go either way. It's too early to tell but James Packer keeps downplaying interest in the opportunity for a buy out. Is he bluffing? Only time will tell, but expect to get a clearer picture in the next 6 to 12 months".
Aussie Gambling And Media King James Packer Not Impressed With PM Gillard...
Pokie machine reforms that considerably threaten earnings for casino owner James Packer have prompted Packer to label Prime Minister Julia Gillard as "anti-business", according to leading newspaper, the Australian Financial Review. Packer has expanded his casino holdings by taking a 4.9% stake in Tabcorp Holdings Ltd, which gives him a small stake in Echo Entertainment, which owns Star City casino in Sydney. Packer has engaged ex ALP national secretary Karl Bitar to raise the pressure of lobbying efforts against the government on gambling reforms, which have been led by Tasmanian Independent MP Andrew Wilkie. In recent weeks, many of Gillard's cabinet ministers have been reportedly meeting one-on-one with Packer to discuss the impact of the proposed reforms, according to the AFR. Packer appears to climb in popularity while Gillard's popularity is well... not. She's extremely unpopular in the polls and in the pubs, clubs and casinos!
Australian Economy Not Good; Packer Says Gillard Is Anti Business...
Casino and media magnate James Packer has publicly attacked prime minister Julia Gillard, claiming the corporate world believes her to be anti-business. In an interview with The Australian Financial Review, Packer was quoted" "I think the problem for the prime minister at the moment is that while she keeps saying she’s pro-business, there is a real perception in the corporate world that she’s not. This perception is a real problem which she needs to address soon.".
Star City Casino In Sin City Sydney Getting Surrounded By Brothels?...
The mean and sometimes seedy streets around 'Sin City Sydney's' Star City casino could be overrun by brothels, pawnbrokers and money-lending businesses if Sydney council's draft city plan is not urgently fixed, the government's casino regulator has warned. The Casino Liquor and Gaming Control Authority has written to the City of Sydney, asking it to amend its new draft city plan to continue a longstanding ban on money-lending businesses near the casino and to impose a new ban on brothels within 150 metres of the site. The letter puts the casino regulator in conflict with the Department of Planning, which refused the bans when council proposed them as part of the city plan. The risk of "illegal or undesirable activity" concentrating around Star City was identified as a problem in a series of reports before it opened in 1995. It resulted in a statutory ban on pawnshops and money-lending operations, and government working with council to actively discourage brothels opening nearby. In its submission on the draft city plan, the regulator told council "it is noted that pawnbrokers and money lending businesses will no longer be prohibited from operating in the Pyrmont area, nor have any reasons for the proposed lifting of this long-standing prohibition been articulated. In the circumstances, this proposed arrangement cannot be supported. "The letter from the acting chief executive, David Greenhouse, also said that the regulator and council had worked together many times to prevent brothels operating in the area. The best solution would be for council's draft plan to create a ban on brothels within 150 metres of the casino, Greenhouse wrote. However, the regulator appeared to be unaware the city had proposed the bans to the Department of Planning and been refused permission. A department spokesman said it did not support the proposed bans because they would have constituted a sub-zone, which is not permitted under the government's new standard template for local environment plans. However, the spokesman said the department "is not formally opposed to the general position on this issue put forward by the CLGCA and is keen to work with Council and the CLGCA on an alternative solution." Any ban would impact at least one legal brothel already operating near the casino in Pyrmont Street. It comes as a development application for a new 14-room brothel across the road from the casino in Union Square was withdrawn by the applicant following a community outcry in May. Elizabeth Elenius from the Pyrmont Action group said residents were alarmed about the consequences of standard zoning in the draft city plan, saying it would open the area to undesirable uses. "We don't know on what grounds council can knock back undesirable things like a brothel in Union Square, where we have our Anzac Day ceremonies and carol services, unless they did have [a ban on brothels close to the casino] in place," she said. Council planners are considering more than 1000 submissions on the draft LEP 2011, the document controlling development in central Sydney in the next decade.
Telstra-NBN Broadband Update; What Happens To Gaming?...
The federal government is today expected to unveil an $11 billion deal that will provide the National Broadband Network access to Telstra’s fixed-line network. The deal will involve the NBN renting Telstra’s underground network and taking over its fixed-line customers. The federal opposition has criticised the move, saying it will prove expensive and wipe out any competition to the NBN. What may happen to gaming on the Australian internet remains to be seen, but if PM Gillard is anti business as James Packer says, that's not a great sign of things to come.
Lucky Tasmanian Devils; Thanks James Packer...
Solid efforts to save the Tasmanian Devil have received a boost, with the first joeys arriving in an insurance population of the species at a Hunter Valley property. A year ago 50 devils were released in a free-range enclosure at a property owned by media mogul James Packer, as part of a plan to produce a thousand disease-free little devils by 2021. The Devil Ark program is run by the Australian Reptile Park and spokeswoman Liz Vella says the ambitious plan is paying off. "We have got several mums with babies," she said. "We can't really confirm numbers because the babies are so small. "We try not to interfere with them too much, until they are at a safe size. "So we won't really know numbers until spring time." The Reptile Park says the enormity of the fight to save the Tasmanian Devil population cannot be under-estimated, despite success with the local breeding program. Ms Vella says the situation in Tasmania is dire, with devils across more than 60 per cent of the state affected by a deadly facial tumour. "It's really been a rapid decrease in numbers," she said. "It's horrific the way that they go as well, so the best chance they've got is this insurance population to make sure the species doesn't die out. "So the more work and time that we can put into this program the better." Ms Vella says she could not have hoped for a better start to the program. "The devils arrived in January and they started breeding in February," she said. "We weren't sure if they had enough time to settle in prior to breeding and how they would go in these yards, it's all so new, so to have success in this first year is really amazing. "It just shows how the program is going to go."
Packer's Crown Cools On Echo Entertainment...
Casino operator Crown says it has no current plan to increase its 4.9% stake in Echo Entertainment, a casino owner seen as a ripe takeover target. Echo, the owner of Sydney's Star City casino and three casinos in Queensland, is seen as a potential fit for billionaire James Packer's Crown, but analysts said international casinos group or private equity firms may also have their eye the firm. Crown confirmed today it has a 4.9 per cent in both Echo and gaming firm Tabcorp, acquired before Tabcorp offloaded Echo and the casino assets earlier this month. "Crown has no current intention of increasing its interest in either company," the firm said in a statement today. The statement followed a report in the Australian Financial Review which said Packer had confirmed taking the stake in Tabcorp before the demerger, which automatically gave Crown an equivalent stake in Echo. Analysts are divided on whether a takeover is more likely to happen before or after Echo completes a $960 million renovation at Star City, designed to help it attract Asian high-rollers away from Crown's Melbourne casino. Tabcorp spun Echo off to shareholders after being hit by smoking bans, equine influenza, competition from new casinos in Singapore and Macau. The remaining Tabcorp is seen as ripe for a merger with rival Tatts , but not before the state of Victoria decides later in June whether to award Tabcorp a new wagering license from 2012. Crown shares are currently sitting on $8.570. Echo Entertainment is on $4.10.
Man Charged Over Legendary Lloyd Williams' Robbery...
A man has been charged over a burglary at a property owned by the high-profile business identity, Lloyd Williams. Police say thieves broke into Macedon Lodge, north of Melbourne, earlier this month and stole two vehicles and veterinary equipment, including an X-ray machine worth $40,000. A 21-year-old man from Coburg was arrested yesterday and charged. He will face the Broadmeadows Magistrates' Court next week. Detectives say they believe more people were involved and investigations are continuing. Williams is a prominent horse owner and former boss of Melbourne's Crown Casino, the Australian showcase casino of James Packer.
Constuction Worker Not Getting Ahead At Crown Casino; Banged In Head...
A Melbourne man is in a very serious condition in hospital after an a lift plummeted three storeys and struck him in the head. The 38-year-old was working on a construction site at Crown Casino at Southbank when the lift dropped on him at 8:30am (AEST). Paramedic Christine Edney states the punter suffered serious cuts to his neck and his jaw was fractured. "The man lost blood from injuries to his neck, face and parts of his head," she said. "Our priority was to control the bleeding." She says he was incredibly lucky that he did not sever any major arteries in his neck. "If he had been a few centimetres either way, he may not be with us today," she said.
Casino And Gaming Share Prices 24th June 2011 ...
Symbol Company $AUD
CWN Crown Limited 8.57
EGP Echo Entertainment Group 4.10
RCT Reef Casino Trust 1.65
TAH Tabcorp Holdings Limited 3.12
NPT Netplay TV Plc 8.25
PREZQ President Casinos, Inc. 0.750
0628 Dore Holdings Limited 0.125
CGAQ Caribbean Casino and Gaming 0.0185
MNTG MTR Gaming Group, Inc. 2.86
SFCA Societe Francaise de Casino 2.38
LACO Lakes Entertainment, Inc. 2.22
PLS Paddy Power plc 35.26 EUR
Punters, er readers, stay glued to Media Man reports for more "can't miss" information on Australian pokies, gaming and casino wars.
*Media Man http://www.mediamanint.com is primarily a media, publicity and internet portal development company. They cover a dozen industry sectors including gaming. Media Man also publishes Media Man News
*The writer owns shares in Crown Limited
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Saturday, June 25, 2011
Friday, June 24, 2011
Gambling Firms Bwin.Party Digital Entertainment, Ladbrokes, Sportingbet Et Al Jockey For Top Ten, by Greg Tingle - 24th June 2011
Profiles
Bwin.Party Digital Entertainment PartyPoker.com PartyCasino.com Porsche Sin City
Profiles
Bwin.Party Digital Entertainment PartyPoker.com PartyCasino.com Porsche Sin City
Websites
PartyCasino.com PartyPoker.com
The ultra competitive online gambling and gaming industry shows little sign of slowing down, despite many countries being in a recession.
Bwin.Party Digital Entertainment continues to be largely recognised as the world's largest and most successful online gambling firm, with their PartyCasino.com online casino remaining their flagship brand.
In other news, Sportingbet has emerged as an apparent bid target for Ladbrokes...just weeks after the UK betting powerhouse failed it's attempt b2b Wink bingo owner, 888. Insiders often say that 888 attempt to copy much of Bwin.Party's strategic moves, but this has not been the case as of late.
The online firm, which nets about £2 billion a year in wagers, confirmed a highly preliminary approach from Ladbrokes but did not give further details.
Industry speculation has hinted that Ladbrokes could be looking to offer around 70p a share, equivalent to more than £450 million.
The spike in interest comes two months after a move for 888 Holdings worth around £240 million fell through because the two sides couldn't agree on a price.
The betting market is seen as ready for more takeovers, with some analysts stating that that Betfair and Sportingbet could merge, which also suggesting Bwin.Party Digital Entertainment may swallow up more igaming operators, as well as invest into some website portals and media companies.
Channel Islands-based Sportingbet offers wagers on sports and online casino games and poker. It has benefited from the growing popularity of 'in play' gaming...live betting during a sports match.
It recently paid out a £22.8 million settlement with the US Department of Justice, meaning it will now avoid being prosecuted for accepting online bets made by American players between 1998 and 2006.
Analysts said the deal cleared the path for potential mergers or takeovers. Last year, it held unsuccessful talks with Swedish online gaming firm Unibet as well as other parties. Rivals Bwin and PartyGaming, who merged earlier this year, have also been tipped as a possible buyer for the business.
Ladbrokes chief executive Richard Glynn, who has overseen a strategic review of the business since taking the helm last year, is keen to drive forward the company's online growth amid fears it is lagging behind rivals.
The group, which enjoys history back to 1886, has roughly 2,100 outlets in the UK and is also a market leader in Ireland, Belgium, Italy and Spain.
Bwin.Party continues full speed ahead with new slot game Sin City being released, and rumours that Knight Rider, Hulk Hogan's Hulk-A-Mania and Andre The Giant will also soon hit their premier online casino brand, PartyCasino.com Bwin's PartyPoker.com is also offering a chance to win a Porsche playing online poker.
Website portal operators such as Media Man are gearing up for an increase in online gaming traffic as many more games and very controversial news stories are tipped to be just around the corner.
Responsible publishers and igaming firms remind visitors and players to bet responsibly and never bet more than you can afford to use. Many games are offering both "play for free" and "play for money" options to help offer a customer friendly user experience, all aiming to get their share of eyeballs and the entertainment dollar.
Australia, New Zealand, United States and Canada are all seen as markets where igaming is likely to further build in popularity.
Profiles
Bwin.Party Digital Entertainment PartyPoker.com PartyCasino.com Porsche Sin City
Website Network
Media Man Int
Media Man
Media Man News
Casino News Media
Global Gaming Directory
Bwin.Party Digital Entertainment PartyPoker.com PartyCasino.com Porsche Sin City
Profiles
Bwin.Party Digital Entertainment PartyPoker.com PartyCasino.com Porsche Sin City
Websites
PartyCasino.com PartyPoker.com
The ultra competitive online gambling and gaming industry shows little sign of slowing down, despite many countries being in a recession.
Bwin.Party Digital Entertainment continues to be largely recognised as the world's largest and most successful online gambling firm, with their PartyCasino.com online casino remaining their flagship brand.
In other news, Sportingbet has emerged as an apparent bid target for Ladbrokes...just weeks after the UK betting powerhouse failed it's attempt b2b Wink bingo owner, 888. Insiders often say that 888 attempt to copy much of Bwin.Party's strategic moves, but this has not been the case as of late.
The online firm, which nets about £2 billion a year in wagers, confirmed a highly preliminary approach from Ladbrokes but did not give further details.
Industry speculation has hinted that Ladbrokes could be looking to offer around 70p a share, equivalent to more than £450 million.
The spike in interest comes two months after a move for 888 Holdings worth around £240 million fell through because the two sides couldn't agree on a price.
The betting market is seen as ready for more takeovers, with some analysts stating that that Betfair and Sportingbet could merge, which also suggesting Bwin.Party Digital Entertainment may swallow up more igaming operators, as well as invest into some website portals and media companies.
Channel Islands-based Sportingbet offers wagers on sports and online casino games and poker. It has benefited from the growing popularity of 'in play' gaming...live betting during a sports match.
It recently paid out a £22.8 million settlement with the US Department of Justice, meaning it will now avoid being prosecuted for accepting online bets made by American players between 1998 and 2006.
Analysts said the deal cleared the path for potential mergers or takeovers. Last year, it held unsuccessful talks with Swedish online gaming firm Unibet as well as other parties. Rivals Bwin and PartyGaming, who merged earlier this year, have also been tipped as a possible buyer for the business.
Ladbrokes chief executive Richard Glynn, who has overseen a strategic review of the business since taking the helm last year, is keen to drive forward the company's online growth amid fears it is lagging behind rivals.
The group, which enjoys history back to 1886, has roughly 2,100 outlets in the UK and is also a market leader in Ireland, Belgium, Italy and Spain.
Bwin.Party continues full speed ahead with new slot game Sin City being released, and rumours that Knight Rider, Hulk Hogan's Hulk-A-Mania and Andre The Giant will also soon hit their premier online casino brand, PartyCasino.com Bwin's PartyPoker.com is also offering a chance to win a Porsche playing online poker.
Website portal operators such as Media Man are gearing up for an increase in online gaming traffic as many more games and very controversial news stories are tipped to be just around the corner.
Responsible publishers and igaming firms remind visitors and players to bet responsibly and never bet more than you can afford to use. Many games are offering both "play for free" and "play for money" options to help offer a customer friendly user experience, all aiming to get their share of eyeballs and the entertainment dollar.
Australia, New Zealand, United States and Canada are all seen as markets where igaming is likely to further build in popularity.
Profiles
Bwin.Party Digital Entertainment PartyPoker.com PartyCasino.com Porsche Sin City
Website Network
Media Man Int
Media Man
Media Man News
Casino News Media
Global Gaming Directory
Aussie James Packer Crown Casino; Not PM Gillard Fan, by Greg Tingle - 24th June 2011
Profiles
Media Man Crown Casino James Packer Tabcorp Holdings Asia Pacific Games Gambling911 Internet City Of Dreams Macau Bwin.Party Digital Entertainment Australia
Australian gambling is on fire. Much of today's coverage involved Aussie gambling king James Packer from Crown Limited fame being none to impressed with Australian Prime Minister Julia Gillard, and Packer is using the media as a war against the "anti business" and "business unfriendly" PM.. Media Man , Gambling911 and James Packer dish it out in spades with today's ace update from down under...
Aussie Gambling And Media King James Packer Not Impressed With PM Gillard...
Pokie machine reforms that considerably threaten earnings for casino owner James Packer have prompted Packer to label Prime Minister Julia Gillard as "anti-business", according to leading newspaper, the Australian Financial Review. Packer has expanded his casino holdings by taking a 4.9% stake in Tabcorp Holdings Ltd, which gives him a small stake in Echo Entertainment, which owns Star City casino in Sydney. Packer has engaged ex ALP national secretary Karl Bitar to raise the pressure of lobbying efforts against the government on gambling reforms, which have been led by Tasmanian Independent MP Andrew Wilkie. In recent weeks, many of Gillard's cabinet ministers have been reportedly meeting one-on-one with Packer to discuss the impact of the proposed reforms, according to the AFR. Packer appears to climb in popularity while Gillard's popularity is well... not. She's extremely unpopular in the polls and in the pubs, clubs and casinos!
Australian Economy Not Good; Packer Says Gillard Is Anti Business...
Casino and media magnate James Packer has publicly attacked prime minister Julia Gillard, claiming the corporate world believes her to be anti-business. In an interview with The Australian Financial Review, Packer was quoted" "I think the problem for the prime minister at the moment is that while she keeps saying she’s pro-business, there is a real perception in the corporate world that she’s not. This perception is a real problem which she needs to address soon.".
Telstra-NBN Broadband Update; What Happens To Gaming?...
The federal government is today expected to unveil an $11 billion deal that will provide the National Broadband Network access to Telstra’s fixed-line network. The deal will involve the NBN renting Telstra’s underground network and taking over its fixed-line customers. The federal opposition has criticised the move, saying it will prove expensive and wipe out any competition to the NBN. What may happen to gaming on the Australian internet remains to be seen, but if PM Gillard is anti business as James Packer says, that's not a great sign of things to come.
Lucky Tasmanian Devils; Thanks James Packer...
Solid efforts to save the Tasmanian Devil have received a boost, with the first joeys arriving in an insurance population of the species at a Hunter Valley property. A year ago 50 devils were released in a free-range enclosure at a property owned by media mogul James Packer, as part of a plan to produce a thousand disease-free little devils by 2021. The Devil Ark program is run by the Australian Reptile Park and spokeswoman Liz Vella says the ambitious plan is paying off. "We have got several mums with babies," she said. "We can't really confirm numbers because the babies are so small. "We try not to interfere with them too much, until they are at a safe size. "So we won't really know numbers until spring time." The Reptile Park says the enormity of the fight to save the Tasmanian Devil population cannot be under-estimated, despite success with the local breeding program. Ms Vella says the situation in Tasmania is dire, with devils across more than 60 per cent of the state affected by a deadly facial tumour. "It's really been a rapid decrease in numbers," she said. "It's horrific the way that they go as well, so the best chance they've got is this insurance population to make sure the species doesn't die out. "So the more work and time that we can put into this program the better." Ms Vella says she could not have hoped for a better start to the program. "The devils arrived in January and they started breeding in February," she said. "We weren't sure if they had enough time to settle in prior to breeding and how they would go in these yards, it's all so new, so to have success in this first year is really amazing. "It just shows how the program is going to go."
Packer's Crown Cools On Echo Entertainment...
Casino operator Crown says it has no current plan to increase its 4.9% stake in Echo Entertainment, a casino owner seen as a ripe takeover target. Echo, the owner of Sydney's Star City casino and three casinos in Queensland, is seen as a potential fit for billionaire James Packer's Crown, but analysts said international casinos group or private equity firms may also have their eye the firm. Crown confirmed today it has a 4.9 per cent in both Echo and gaming firm Tabcorp, acquired before Tabcorp offloaded Echo and the casino assets earlier this month. "Crown has no current intention of increasing its interest in either company," the firm said in a statement today. The statement followed a report in the Australian Financial Review which said Packer had confirmed taking the stake in Tabcorp before the demerger, which automatically gave Crown an equivalent stake in Echo. Analysts are divided on whether a takeover is more likely to happen before or after Echo completes a $960 million renovation at Star City, designed to help it attract Asian high-rollers away from Crown's Melbourne casino. Tabcorp spun Echo off to shareholders after being hit by smoking bans, equine influenza, competition from new casinos in Singapore and Macau. The remaining Tabcorp is seen as ripe for a merger with rival Tatts , but not before the state of Victoria decides later in June whether to award Tabcorp a new wagering license from 2012. Crown shares are currently sitting on $8.570. Echo Entertainment is on $4.10.
Man Charged Over Legendary Lloyd Williams' Robbery...
A man has been charged over a burglary at a property owned by the high-profile business identity, Lloyd Williams. Police say thieves broke into Macedon Lodge, north of Melbourne, earlier this month and stole two vehicles and veterinary equipment, including an X-ray machine worth $40,000. A 21-year-old man from Coburg was arrested yesterday and charged. He will face the Broadmeadows Magistrates' Court next week. Detectives say they believe more people were involved and investigations are continuing. Williams is a prominent horse owner and former boss of Melbourne's Crown Casino, the Australian showcase casino of James Packer.
Constuction Worker Not Getting Ahead At Crown Casino; Banged In Head...
A Melbourne man is in a very serious condition in hospital after an a lift plummeted three storeys and struck him in the head. The 38-year-old was working on a construction site at Crown Casino at Southbank when the lift dropped on him at 8:30am (AEST). Paramedic Christine Edney states the punter suffered serious cuts to his neck and his jaw was fractured. "The man lost blood from injuries to his neck, face and parts of his head," she said. "Our priority was to control the bleeding." She says he was incredibly lucky that he did not sever any major arteries in his neck. "If he had been a few centimetres either way, he may not be with us today," she said.
Casino And Gaming Share Prices...
Symbol Company $AUD
CWN Crown Limited 8.57
EGP Echo Entertainment Group 4.10
RCT Reef Casino Trust 1.65
TAH Tabcorp Holdings Limited 3.12
NPT Netplay TV Plc 8.25
PREZQ President Casinos, Inc. 0.750
0628 Dore Holdings Limited 0.125
CGAQ Caribbean Casino and Gaming 0.0185
MNTG MTR Gaming Group, Inc. 2.86
SFCA Societe Francaise de Casino 2.38
LACO Lakes Entertainment, Inc. 2.22
PLS Paddy Power plc 35.26 EUR
Punters, er readers, stay glued to Media Man reports for more "can't miss" information on Australian pokies, gaming and casino wars.
*Media Man http://www.mediamanint.com is primarily a media, publicity and internet portal development company. They cover a dozen industry sectors including gaming. Media Man also publishes Media Man News
*The writer owns shares in Crown Limited
Website Network
Media Man International
Media Man News
Media Man
Media Man Australia
Media Man Canada
Media Man Games
Casino News Media
Poker News Media
Global Gaming Directory
Media Man Crown Casino James Packer Tabcorp Holdings Asia Pacific Games Gambling911 Internet City Of Dreams Macau Bwin.Party Digital Entertainment Australia
Australian gambling is on fire. Much of today's coverage involved Aussie gambling king James Packer from Crown Limited fame being none to impressed with Australian Prime Minister Julia Gillard, and Packer is using the media as a war against the "anti business" and "business unfriendly" PM.. Media Man , Gambling911 and James Packer dish it out in spades with today's ace update from down under...
Aussie Gambling And Media King James Packer Not Impressed With PM Gillard...
Pokie machine reforms that considerably threaten earnings for casino owner James Packer have prompted Packer to label Prime Minister Julia Gillard as "anti-business", according to leading newspaper, the Australian Financial Review. Packer has expanded his casino holdings by taking a 4.9% stake in Tabcorp Holdings Ltd, which gives him a small stake in Echo Entertainment, which owns Star City casino in Sydney. Packer has engaged ex ALP national secretary Karl Bitar to raise the pressure of lobbying efforts against the government on gambling reforms, which have been led by Tasmanian Independent MP Andrew Wilkie. In recent weeks, many of Gillard's cabinet ministers have been reportedly meeting one-on-one with Packer to discuss the impact of the proposed reforms, according to the AFR. Packer appears to climb in popularity while Gillard's popularity is well... not. She's extremely unpopular in the polls and in the pubs, clubs and casinos!
Australian Economy Not Good; Packer Says Gillard Is Anti Business...
Casino and media magnate James Packer has publicly attacked prime minister Julia Gillard, claiming the corporate world believes her to be anti-business. In an interview with The Australian Financial Review, Packer was quoted" "I think the problem for the prime minister at the moment is that while she keeps saying she’s pro-business, there is a real perception in the corporate world that she’s not. This perception is a real problem which she needs to address soon.".
Telstra-NBN Broadband Update; What Happens To Gaming?...
The federal government is today expected to unveil an $11 billion deal that will provide the National Broadband Network access to Telstra’s fixed-line network. The deal will involve the NBN renting Telstra’s underground network and taking over its fixed-line customers. The federal opposition has criticised the move, saying it will prove expensive and wipe out any competition to the NBN. What may happen to gaming on the Australian internet remains to be seen, but if PM Gillard is anti business as James Packer says, that's not a great sign of things to come.
Lucky Tasmanian Devils; Thanks James Packer...
Solid efforts to save the Tasmanian Devil have received a boost, with the first joeys arriving in an insurance population of the species at a Hunter Valley property. A year ago 50 devils were released in a free-range enclosure at a property owned by media mogul James Packer, as part of a plan to produce a thousand disease-free little devils by 2021. The Devil Ark program is run by the Australian Reptile Park and spokeswoman Liz Vella says the ambitious plan is paying off. "We have got several mums with babies," she said. "We can't really confirm numbers because the babies are so small. "We try not to interfere with them too much, until they are at a safe size. "So we won't really know numbers until spring time." The Reptile Park says the enormity of the fight to save the Tasmanian Devil population cannot be under-estimated, despite success with the local breeding program. Ms Vella says the situation in Tasmania is dire, with devils across more than 60 per cent of the state affected by a deadly facial tumour. "It's really been a rapid decrease in numbers," she said. "It's horrific the way that they go as well, so the best chance they've got is this insurance population to make sure the species doesn't die out. "So the more work and time that we can put into this program the better." Ms Vella says she could not have hoped for a better start to the program. "The devils arrived in January and they started breeding in February," she said. "We weren't sure if they had enough time to settle in prior to breeding and how they would go in these yards, it's all so new, so to have success in this first year is really amazing. "It just shows how the program is going to go."
Packer's Crown Cools On Echo Entertainment...
Casino operator Crown says it has no current plan to increase its 4.9% stake in Echo Entertainment, a casino owner seen as a ripe takeover target. Echo, the owner of Sydney's Star City casino and three casinos in Queensland, is seen as a potential fit for billionaire James Packer's Crown, but analysts said international casinos group or private equity firms may also have their eye the firm. Crown confirmed today it has a 4.9 per cent in both Echo and gaming firm Tabcorp, acquired before Tabcorp offloaded Echo and the casino assets earlier this month. "Crown has no current intention of increasing its interest in either company," the firm said in a statement today. The statement followed a report in the Australian Financial Review which said Packer had confirmed taking the stake in Tabcorp before the demerger, which automatically gave Crown an equivalent stake in Echo. Analysts are divided on whether a takeover is more likely to happen before or after Echo completes a $960 million renovation at Star City, designed to help it attract Asian high-rollers away from Crown's Melbourne casino. Tabcorp spun Echo off to shareholders after being hit by smoking bans, equine influenza, competition from new casinos in Singapore and Macau. The remaining Tabcorp is seen as ripe for a merger with rival Tatts , but not before the state of Victoria decides later in June whether to award Tabcorp a new wagering license from 2012. Crown shares are currently sitting on $8.570. Echo Entertainment is on $4.10.
Man Charged Over Legendary Lloyd Williams' Robbery...
A man has been charged over a burglary at a property owned by the high-profile business identity, Lloyd Williams. Police say thieves broke into Macedon Lodge, north of Melbourne, earlier this month and stole two vehicles and veterinary equipment, including an X-ray machine worth $40,000. A 21-year-old man from Coburg was arrested yesterday and charged. He will face the Broadmeadows Magistrates' Court next week. Detectives say they believe more people were involved and investigations are continuing. Williams is a prominent horse owner and former boss of Melbourne's Crown Casino, the Australian showcase casino of James Packer.
Constuction Worker Not Getting Ahead At Crown Casino; Banged In Head...
A Melbourne man is in a very serious condition in hospital after an a lift plummeted three storeys and struck him in the head. The 38-year-old was working on a construction site at Crown Casino at Southbank when the lift dropped on him at 8:30am (AEST). Paramedic Christine Edney states the punter suffered serious cuts to his neck and his jaw was fractured. "The man lost blood from injuries to his neck, face and parts of his head," she said. "Our priority was to control the bleeding." She says he was incredibly lucky that he did not sever any major arteries in his neck. "If he had been a few centimetres either way, he may not be with us today," she said.
Casino And Gaming Share Prices...
Symbol Company $AUD
CWN Crown Limited 8.57
EGP Echo Entertainment Group 4.10
RCT Reef Casino Trust 1.65
TAH Tabcorp Holdings Limited 3.12
NPT Netplay TV Plc 8.25
PREZQ President Casinos, Inc. 0.750
0628 Dore Holdings Limited 0.125
CGAQ Caribbean Casino and Gaming 0.0185
MNTG MTR Gaming Group, Inc. 2.86
SFCA Societe Francaise de Casino 2.38
LACO Lakes Entertainment, Inc. 2.22
PLS Paddy Power plc 35.26 EUR
Punters, er readers, stay glued to Media Man reports for more "can't miss" information on Australian pokies, gaming and casino wars.
*Media Man http://www.mediamanint.com is primarily a media, publicity and internet portal development company. They cover a dozen industry sectors including gaming. Media Man also publishes Media Man News
*The writer owns shares in Crown Limited
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Thursday, June 23, 2011
Poker News Media: 'Spider-Man' Tobey Maguire, 'Catch Me If You Can' Leonardo DiCaprio, Ben Affleck and Matt Damon 'Rounders' Caught In Poker Sting
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Spider-Man star... Mr Spider-Man himself, Tobey Maguire, is one of a dozen or Hollywood stars being sued in connection with an illegal gambling ring that allegedly ran multi-million dollar underground poker games.
And you wonder why Hollywood so embraced the popular poker themed game 'Rounders'.
One of the Hollywood card sharks being sued in connection with a mega-millions illegal gambling ring that ran high-stakes poker games has spoken, revealing the secret games still continue and labeling Spider-Man star Tobey Maguire a cheapskate.
Dan Blizerian is facing a $100,000 lawsuit from duped investors who allege jailed Beverly Hills hedge fund manager Brad Ruderman used their funds to pay off his monster debt to a host of Tinsel town identities, including Maguire.
An FBI investigation into Ruderman, who is serving a 121-month sentence in a Texas jail, uncovered how he lost $25 million of investor money, including $5.2 million in the clandestine games held on a twice weekly basis in suites at the luxurious Beverly Hills hotel, Four Seasons and the Viper Room on Sunset Boulevard.
Tinsel town A-listers Leonardo DiCaprio, Ben Affleck and Matt Damon have been named as players in the no-limit Texas Hold 'em games, which had a buy-in of $100,000.
According to a series of lawsuits filed in the United States Bankruptcy Court, in Los Angeles, the games ended in 2009.
But speaking out as part of a Star magazine investigation, Blizerian shed new light of the intriguing underground scene that was, at one time so intense, the door to the suite where the games were held were manned by armed guards.
Blizerian and his brother Adam, who is also an avid poker player, told press the games are held at the home of a top Hollywood movie producer.
"The buy-in is anywhere from $40,000 to $200,000," Adam told Star, adding: "That's a serious buy in. Some guys can be in for millions. A-Lister's are there, still."
The pair would not name the celebrities who still played, nor who coordinated the games.
Under California law, it's illegal to play for money at underground poker clubs, although it is a crime rarely prosecuted.
Dan told Star he often played against Maguire, 35, who he called a "nit" -- a reference in poker circles to an extremely tight/passive player that avoids confrontations.
Nits, it's suggested, tend to avoid big pots and do not like to gamble.
"Tobey is a jerk off," Dan said of the actor Maguire, who is being sued for Ruderman's losing hand to him, totaling $311,300.
"He's cheap as f**k and plays like a cheap b*tch... a guy who's worth all that money playing as if he's broke. Come on, dude."
Others facing hefty lawsuits in the wake of Ruderman's losses include billionaire businessman Alex Gores, The Notebook director Nick Cassavetes, Welcome Back, Kotter star Gabe Kaplan, Paris Hilton's infamous sex tape partner, Rick Salomon, record label owner Cody Leibel and Las Vegas nightlife entrepreneur and real-estate developer Andrew Sasson.
Dan told Star he would fight the lawsuit.
"I'm not paying a single cent," he added, in the exclusive interview.
"They can kiss my ass. If a casino gets taken and then lawyers come after them, the establishment isn't going to then go after one of its players to cover their lost. Are you kidding me? I'm not paying s**t."
Tens of millions of dollars is understood to have changed hands in the illegal games.
Marvel Entertainment does not offer marvel themed poker games but does offer Marvel Entertainment themed online slot games, available in website portals such as Media Man Int and via online gaming brands such as Bwin.Party Digital Entertainment and Richard Branson's Virgin Casino. PartyCasino.com, the online casino leading brand by Bwin.Party is understood to be in negotiation with both the United States, Canadian and Australian governments regarding b2 gaming. Party came to a settlement with the United States Department Of Justice two years ago to the tune of approximately $100 million, and are looking to expand gaming in the U.S beyond their World Poker Tour brand.
Who are you betting on? Spider-Man or the 'Catch Me If You Can' man? Maybe you would prefer not to say and just place a silent bet!
Tobey Maguire sued over illegal poker winnings...
Spider-Man star Tobey Maguire and other celebrities have been caught in a web of lawsuits seeking to reclaim more than $US4 million ($3.8 million) won during unlicensed poker matches at upscale Beverly Hills hotels, court records show.
The lawsuits were filed by a bankruptcy trustee attempting to recoup money for investors who were duped in a Ponzi scheme.
The legal actions claim the clandestine Texas Hold 'em matches were played between 2006 and 2009, with some of the money taken in the Ponzi scheme used to pay off debts incurred by its architect, Bradley Ruderman.
Maguire is being sued for $US311,000 plus interest that the lawsuit says was won from Ruderman. In all, 22 people have been individually sued to try to recoup money.
Among them was Nick Cassavettes, director of The Notebook. The trustee is attempting to recover nearly $US73,000 plus interest from the actor-director.
Maguire's attorney, Robert Barta, did not immediately return a phone message seeking comment but was expected to file a response to the suit later this week.
Cassavettes's agent Jeff Berg also did not immediately respond to a phone message.
Also being sued is billionaire businessman Alec Gores, who along with his brother attempted to buy Miramax Films last year.
Gores is being sued for $US445,500. Phone message left for Frank Stefanik, a spokesman at The Gores Group, and his attorney, Patricia Glaser, were not immediately returned.
Ruderman was sentenced to 10 years in federal prison earlier this year after pleading guilty to two counts of wire fraud, two counts of investment adviser fraud and willful failure to file taxes.
Bankruptcy trustee Howard Ehrenberg filed the lawsuits in late March, attempting to recoup money on behalf of people who invested in what the legal action called a Ponzi scheme organised by Ruderman.
The suits contend the defendants have no right to keep money won from Ruderman, since the games did not have the appropriate government licenses.
Tournaments were held in luxury hotels in Beverly Hills and organised by a woman identified as Molly Bloom, who is being sued for nearly $US475,000 paid to her by Ruderman, the lawsuits said.
The claims were first reported Wednesday by RadarOnline and Star Magazine. (Credit: AP)
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Spider-Man star... Mr Spider-Man himself, Tobey Maguire, is one of a dozen or Hollywood stars being sued in connection with an illegal gambling ring that allegedly ran multi-million dollar underground poker games.
And you wonder why Hollywood so embraced the popular poker themed game 'Rounders'.
One of the Hollywood card sharks being sued in connection with a mega-millions illegal gambling ring that ran high-stakes poker games has spoken, revealing the secret games still continue and labeling Spider-Man star Tobey Maguire a cheapskate.
Dan Blizerian is facing a $100,000 lawsuit from duped investors who allege jailed Beverly Hills hedge fund manager Brad Ruderman used their funds to pay off his monster debt to a host of Tinsel town identities, including Maguire.
An FBI investigation into Ruderman, who is serving a 121-month sentence in a Texas jail, uncovered how he lost $25 million of investor money, including $5.2 million in the clandestine games held on a twice weekly basis in suites at the luxurious Beverly Hills hotel, Four Seasons and the Viper Room on Sunset Boulevard.
Tinsel town A-listers Leonardo DiCaprio, Ben Affleck and Matt Damon have been named as players in the no-limit Texas Hold 'em games, which had a buy-in of $100,000.
According to a series of lawsuits filed in the United States Bankruptcy Court, in Los Angeles, the games ended in 2009.
But speaking out as part of a Star magazine investigation, Blizerian shed new light of the intriguing underground scene that was, at one time so intense, the door to the suite where the games were held were manned by armed guards.
Blizerian and his brother Adam, who is also an avid poker player, told press the games are held at the home of a top Hollywood movie producer.
"The buy-in is anywhere from $40,000 to $200,000," Adam told Star, adding: "That's a serious buy in. Some guys can be in for millions. A-Lister's are there, still."
The pair would not name the celebrities who still played, nor who coordinated the games.
Under California law, it's illegal to play for money at underground poker clubs, although it is a crime rarely prosecuted.
Dan told Star he often played against Maguire, 35, who he called a "nit" -- a reference in poker circles to an extremely tight/passive player that avoids confrontations.
Nits, it's suggested, tend to avoid big pots and do not like to gamble.
"Tobey is a jerk off," Dan said of the actor Maguire, who is being sued for Ruderman's losing hand to him, totaling $311,300.
"He's cheap as f**k and plays like a cheap b*tch... a guy who's worth all that money playing as if he's broke. Come on, dude."
Others facing hefty lawsuits in the wake of Ruderman's losses include billionaire businessman Alex Gores, The Notebook director Nick Cassavetes, Welcome Back, Kotter star Gabe Kaplan, Paris Hilton's infamous sex tape partner, Rick Salomon, record label owner Cody Leibel and Las Vegas nightlife entrepreneur and real-estate developer Andrew Sasson.
Dan told Star he would fight the lawsuit.
"I'm not paying a single cent," he added, in the exclusive interview.
"They can kiss my ass. If a casino gets taken and then lawyers come after them, the establishment isn't going to then go after one of its players to cover their lost. Are you kidding me? I'm not paying s**t."
Tens of millions of dollars is understood to have changed hands in the illegal games.
Marvel Entertainment does not offer marvel themed poker games but does offer Marvel Entertainment themed online slot games, available in website portals such as Media Man Int and via online gaming brands such as Bwin.Party Digital Entertainment and Richard Branson's Virgin Casino. PartyCasino.com, the online casino leading brand by Bwin.Party is understood to be in negotiation with both the United States, Canadian and Australian governments regarding b2 gaming. Party came to a settlement with the United States Department Of Justice two years ago to the tune of approximately $100 million, and are looking to expand gaming in the U.S beyond their World Poker Tour brand.
Who are you betting on? Spider-Man or the 'Catch Me If You Can' man? Maybe you would prefer not to say and just place a silent bet!
Tobey Maguire sued over illegal poker winnings...
Spider-Man star Tobey Maguire and other celebrities have been caught in a web of lawsuits seeking to reclaim more than $US4 million ($3.8 million) won during unlicensed poker matches at upscale Beverly Hills hotels, court records show.
The lawsuits were filed by a bankruptcy trustee attempting to recoup money for investors who were duped in a Ponzi scheme.
The legal actions claim the clandestine Texas Hold 'em matches were played between 2006 and 2009, with some of the money taken in the Ponzi scheme used to pay off debts incurred by its architect, Bradley Ruderman.
Maguire is being sued for $US311,000 plus interest that the lawsuit says was won from Ruderman. In all, 22 people have been individually sued to try to recoup money.
Among them was Nick Cassavettes, director of The Notebook. The trustee is attempting to recover nearly $US73,000 plus interest from the actor-director.
Maguire's attorney, Robert Barta, did not immediately return a phone message seeking comment but was expected to file a response to the suit later this week.
Cassavettes's agent Jeff Berg also did not immediately respond to a phone message.
Also being sued is billionaire businessman Alec Gores, who along with his brother attempted to buy Miramax Films last year.
Gores is being sued for $US445,500. Phone message left for Frank Stefanik, a spokesman at The Gores Group, and his attorney, Patricia Glaser, were not immediately returned.
Ruderman was sentenced to 10 years in federal prison earlier this year after pleading guilty to two counts of wire fraud, two counts of investment adviser fraud and willful failure to file taxes.
Bankruptcy trustee Howard Ehrenberg filed the lawsuits in late March, attempting to recoup money on behalf of people who invested in what the legal action called a Ponzi scheme organised by Ruderman.
The suits contend the defendants have no right to keep money won from Ruderman, since the games did not have the appropriate government licenses.
Tournaments were held in luxury hotels in Beverly Hills and organised by a woman identified as Molly Bloom, who is being sued for nearly $US475,000 paid to her by Ruderman, the lawsuits said.
The claims were first reported Wednesday by RadarOnline and Star Magazine. (Credit: AP)
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Human Torch By Marvel Entertainment
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Press Release:
Marvel Entertainment Extinguishes The Fantastic Four’s Human Torch
RENOWNED SUPER HERO KILLED IN HIGHLY-ANTICIPATED FANTASTIC FOUR #587 SIZZLING INTO STORES WEDNESDAY
New York, NY – January 25, 2011 – “FLAME OFF!” In a move sure to shock comic fans worldwide, Marvel unveiled that its ever popular super hero the Human Torch will meet his demise and die heroically in Fantastic Four #587, hitting stores tomorrow (Wednesday, January 26th). Concluding the “Three” storyline that captivated the mainstream media and industry press alike, this issue and the death of such a renowned character from the First Family of comics signals the beginning of major changes for the Marvel Universe as the Fantastic Four lose one of their founding members.
“Jonathan Hickman [writer of Fantastic Four] came to us two years ago with a vision for evolving the characters and concepts introduced to fans 50 years ago in Fantastic Four #1 – and quite frankly his vision blew us away,” said Tom Brevoort, Marvel Entertainment SVP of Publishing. “The death of the Human Torch is the first major move in this incredibly exciting evolution of the legendary Fantastic Four franchise and a necessary part of the larger story we will be telling featuring the beloved characters moving forward.”
But the story doesn’t end there– February’s Fantastic Four #588 brings the long running series to a conclusion as the Fantastic Four disband and the surviving characters must discover their new roles in the Marvel Universe. Just what’s next for the surviving members of Marvel’s First Family?
Fantastic Four #1 debuted in 1961, kicking off the “Marvel Age” of comics and dramatically increasing the popularity of super heroes. As the progenitor of Marvel Universe, the Fantastic Four set a new tone for super hero comics with its nuanced characterization, reflection of real world fears and progressive depiction of super heroes. Through the years, the Fantastic Four have been involved in many of comics most important & memorable storylines, from the introduction of Galactus to the chart-topping Civil War and now the upcoming event Fear Itself.
It all begins with the shocking death of the Human Torch in Fantastic Four #587, in comic stores Wednesday, January 26th, 2011!
FANTASTIC FOUR #587 (NOV100584)
Written by JONATHAN HICKMAN
Penciled by STEVE EPTING
Cover by ALAN DAVIS
Rated A…$3.99
On Sale – 1/26/11
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Press Release:
Marvel Entertainment Extinguishes The Fantastic Four’s Human Torch
RENOWNED SUPER HERO KILLED IN HIGHLY-ANTICIPATED FANTASTIC FOUR #587 SIZZLING INTO STORES WEDNESDAY
New York, NY – January 25, 2011 – “FLAME OFF!” In a move sure to shock comic fans worldwide, Marvel unveiled that its ever popular super hero the Human Torch will meet his demise and die heroically in Fantastic Four #587, hitting stores tomorrow (Wednesday, January 26th). Concluding the “Three” storyline that captivated the mainstream media and industry press alike, this issue and the death of such a renowned character from the First Family of comics signals the beginning of major changes for the Marvel Universe as the Fantastic Four lose one of their founding members.
“Jonathan Hickman [writer of Fantastic Four] came to us two years ago with a vision for evolving the characters and concepts introduced to fans 50 years ago in Fantastic Four #1 – and quite frankly his vision blew us away,” said Tom Brevoort, Marvel Entertainment SVP of Publishing. “The death of the Human Torch is the first major move in this incredibly exciting evolution of the legendary Fantastic Four franchise and a necessary part of the larger story we will be telling featuring the beloved characters moving forward.”
But the story doesn’t end there– February’s Fantastic Four #588 brings the long running series to a conclusion as the Fantastic Four disband and the surviving characters must discover their new roles in the Marvel Universe. Just what’s next for the surviving members of Marvel’s First Family?
Fantastic Four #1 debuted in 1961, kicking off the “Marvel Age” of comics and dramatically increasing the popularity of super heroes. As the progenitor of Marvel Universe, the Fantastic Four set a new tone for super hero comics with its nuanced characterization, reflection of real world fears and progressive depiction of super heroes. Through the years, the Fantastic Four have been involved in many of comics most important & memorable storylines, from the introduction of Galactus to the chart-topping Civil War and now the upcoming event Fear Itself.
It all begins with the shocking death of the Human Torch in Fantastic Four #587, in comic stores Wednesday, January 26th, 2011!
FANTASTIC FOUR #587 (NOV100584)
Written by JONATHAN HICKMAN
Penciled by STEVE EPTING
Cover by ALAN DAVIS
Rated A…$3.99
On Sale – 1/26/11
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Spider-Man Tobey Maguire Star Caught In Web Of Gambling Ring; Leonardo DiCaprio Rounders Up, by Greg Tingle - 23rd June 2011
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Spider-Man star... Mr Spider-Man himself, Tobey Maguire, is one of a dozen or Hollywood stars being sued in connection with an illegal gambling ring that allegedly ran multi-million dollar underground poker games.
And you wonder why Hollywood so embraced the popular poker themed game 'Rounders'.
According to the suit, Maguire took more than $US300,000 worth of illegal funds embezzled from hedge fund investor Bradley Ruderman, who is currently in jail for a ponzi scheme.
The underground games, allegedly led by Ruderman, CEO of Ruderman Capital Partners, were unlicenced and thus illegal under California law.
According to the investigation, Ruderman lost $US25 million of investor money in the games, which were held bi-weekly in luxurious suites at the Beverly Hills Hotel, Viper Room and Four Seasons Hotel.
With Ruderman's company now in bankruptcy, trustees are attempting to seize some of Maguire's winnings to pay off creditors.
Nick Cassavetes, who directed The Notebook, and Welcome Back, Kotter star Gabe Kaplan are among the names facing hefty lawsuits for their participation in the high stakes Texas Hold'em games, according to leaks and a range of online and traditional media outlets.
Other stars who allegedly took part in the gatherings, which had a buy-in of $US100,000, included 'Catch Me If You Can' megastar Leonardo DiCaprio, Good Will Hunting actor Ben Affleck and Bourne star Matt Damon. Damon was also in the poker themed movie 'Rounders'.
Tens of millions of dollars is understood to have changed hands in the illegal games.
Marvel Entertainment does not offer marvel themed poker games but does offer Marvel Entertainment themed online slot games, available in website portals such as Media Man Int and via online gaming brands such as Bwin.Party Digital Entertainment and Richard Branson's Virgin Casino. PartyCasino.com, the online casino leading brand by Bwin.Party is understood to be in negotiation with both the United States, Canadian and Australian governments regarding b2 gaming. Party came to a settlement with the United States Department Of Justice two years ago to the tune of approximately $100 million, and are looking to expand gaming in the U.S beyond their World Poker Tour brand.
Who are you betting on? Spider-Man or the 'Catch Me If You Can' man? Maybe you would prefer not to say and just place a silent bet!
Tobey Maguire sued over illegal poker winnings...
Spider-Man star Tobey Maguire and other celebrities have been caught in a web of lawsuits seeking to reclaim more than $US4 million ($3.8 million) won during unlicensed poker matches at upscale Beverly Hills hotels, court records show.
The lawsuits were filed by a bankruptcy trustee attempting to recoup money for investors who were duped in a Ponzi scheme.
The legal actions claim the clandestine Texas Hold 'em matches were played between 2006 and 2009, with some of the money taken in the Ponzi scheme used to pay off debts incurred by its architect, Bradley Ruderman.
Maguire is being sued for $US311,000 plus interest that the lawsuit says was won from Ruderman. In all, 22 people have been individually sued to try to recoup money.
Among them was Nick Cassavettes, director of The Notebook. The trustee is attempting to recover nearly $US73,000 plus interest from the actor-director.
Maguire's attorney, Robert Barta, did not immediately return a phone message seeking comment but was expected to file a response to the suit later this week.
Cassavettes's agent Jeff Berg also did not immediately respond to a phone message.
Also being sued is billionaire businessman Alec Gores, who along with his brother attempted to buy Miramax Films last year.
Gores is being sued for $US445,500. Phone message left for Frank Stefanik, a spokesman at The Gores Group, and his attorney, Patricia Glaser, were not immediately returned.
Ruderman was sentenced to 10 years in federal prison earlier this year after pleading guilty to two counts of wire fraud, two counts of investment adviser fraud and willful failure to file taxes.
Bankruptcy trustee Howard Ehrenberg filed the lawsuits in late March, attempting to recoup money on behalf of people who invested in what the legal action called a Ponzi scheme organised by Ruderman.
The suits contend the defendants have no right to keep money won from Ruderman, since the games did not have the appropriate government licenses.
Tournaments were held in luxury hotels in Beverly Hills and organised by a woman identified as Molly Bloom, who is being sued for nearly $US475,000 paid to her by Ruderman, the lawsuits said.
The claims were first reported Wednesday by RadarOnline and Star Magazine. (Credit: AP)
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Spider-Man star... Mr Spider-Man himself, Tobey Maguire, is one of a dozen or Hollywood stars being sued in connection with an illegal gambling ring that allegedly ran multi-million dollar underground poker games.
And you wonder why Hollywood so embraced the popular poker themed game 'Rounders'.
According to the suit, Maguire took more than $US300,000 worth of illegal funds embezzled from hedge fund investor Bradley Ruderman, who is currently in jail for a ponzi scheme.
The underground games, allegedly led by Ruderman, CEO of Ruderman Capital Partners, were unlicenced and thus illegal under California law.
According to the investigation, Ruderman lost $US25 million of investor money in the games, which were held bi-weekly in luxurious suites at the Beverly Hills Hotel, Viper Room and Four Seasons Hotel.
With Ruderman's company now in bankruptcy, trustees are attempting to seize some of Maguire's winnings to pay off creditors.
Nick Cassavetes, who directed The Notebook, and Welcome Back, Kotter star Gabe Kaplan are among the names facing hefty lawsuits for their participation in the high stakes Texas Hold'em games, according to leaks and a range of online and traditional media outlets.
Other stars who allegedly took part in the gatherings, which had a buy-in of $US100,000, included 'Catch Me If You Can' megastar Leonardo DiCaprio, Good Will Hunting actor Ben Affleck and Bourne star Matt Damon. Damon was also in the poker themed movie 'Rounders'.
Tens of millions of dollars is understood to have changed hands in the illegal games.
Marvel Entertainment does not offer marvel themed poker games but does offer Marvel Entertainment themed online slot games, available in website portals such as Media Man Int and via online gaming brands such as Bwin.Party Digital Entertainment and Richard Branson's Virgin Casino. PartyCasino.com, the online casino leading brand by Bwin.Party is understood to be in negotiation with both the United States, Canadian and Australian governments regarding b2 gaming. Party came to a settlement with the United States Department Of Justice two years ago to the tune of approximately $100 million, and are looking to expand gaming in the U.S beyond their World Poker Tour brand.
Who are you betting on? Spider-Man or the 'Catch Me If You Can' man? Maybe you would prefer not to say and just place a silent bet!
Tobey Maguire sued over illegal poker winnings...
Spider-Man star Tobey Maguire and other celebrities have been caught in a web of lawsuits seeking to reclaim more than $US4 million ($3.8 million) won during unlicensed poker matches at upscale Beverly Hills hotels, court records show.
The lawsuits were filed by a bankruptcy trustee attempting to recoup money for investors who were duped in a Ponzi scheme.
The legal actions claim the clandestine Texas Hold 'em matches were played between 2006 and 2009, with some of the money taken in the Ponzi scheme used to pay off debts incurred by its architect, Bradley Ruderman.
Maguire is being sued for $US311,000 plus interest that the lawsuit says was won from Ruderman. In all, 22 people have been individually sued to try to recoup money.
Among them was Nick Cassavettes, director of The Notebook. The trustee is attempting to recover nearly $US73,000 plus interest from the actor-director.
Maguire's attorney, Robert Barta, did not immediately return a phone message seeking comment but was expected to file a response to the suit later this week.
Cassavettes's agent Jeff Berg also did not immediately respond to a phone message.
Also being sued is billionaire businessman Alec Gores, who along with his brother attempted to buy Miramax Films last year.
Gores is being sued for $US445,500. Phone message left for Frank Stefanik, a spokesman at The Gores Group, and his attorney, Patricia Glaser, were not immediately returned.
Ruderman was sentenced to 10 years in federal prison earlier this year after pleading guilty to two counts of wire fraud, two counts of investment adviser fraud and willful failure to file taxes.
Bankruptcy trustee Howard Ehrenberg filed the lawsuits in late March, attempting to recoup money on behalf of people who invested in what the legal action called a Ponzi scheme organised by Ruderman.
The suits contend the defendants have no right to keep money won from Ruderman, since the games did not have the appropriate government licenses.
Tournaments were held in luxury hotels in Beverly Hills and organised by a woman identified as Molly Bloom, who is being sued for nearly $US475,000 paid to her by Ruderman, the lawsuits said.
The claims were first reported Wednesday by RadarOnline and Star Magazine. (Credit: AP)
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Wednesday, June 22, 2011
Playtech making its return to US gambling - 21st June 2011
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Playtech earlier today became the virgin British firm in the online gambling - gaming sector to return to the United States, five years after President George Bush outlawed the industry.
The strategic move also comes weeks after "Black Friday" when the federal authorities indicted three of the world's largest online poker sites, PokerStars, Full Tilt Poker, and Absolute Poker, on charges of money laundering, bank fraud and violating anti-gambling statutes. Bwin.Party Digital Entertainment, the world's leading igaming firm, is not facing the same dramas, having come to terms with the United States Department Of Justice a few years ago to the tune of over a $100 million.
Playtech and its joint-venture partner Scientific Games have signed an agreement with the California Online Poker Association. Copa represents 31 card clubs and 29 native tribal governments who own rights to gambling proceeds in the state. Playtech will supply COPA with the technology to launch "free-to-play" online poker sites ahead of widely expected legislation allowing state-by-state online gambling.
With two bills before the Senate, Playtech said the timing of when it would go live depended on the change in regulation but could become a "very substantial revenue source". It's estimated that two million Californians gamble illegally on offshore online poker websites.
Insiders noted that competitor online UK gambling company Bwin.Party Digital Entertainment - formally PartyGaming, paid $105 million (£65 million) to settle with the US authorities. Playtech was never targeted by the US authorities.
Playtech is also understood to be eyeing off a number of other countries including Canada, Australia and New Zealand.
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Playtech Bwin.Party Digital Entertainment Gaming iGaming Media Man
Playtech earlier today became the virgin British firm in the online gambling - gaming sector to return to the United States, five years after President George Bush outlawed the industry.
The strategic move also comes weeks after "Black Friday" when the federal authorities indicted three of the world's largest online poker sites, PokerStars, Full Tilt Poker, and Absolute Poker, on charges of money laundering, bank fraud and violating anti-gambling statutes. Bwin.Party Digital Entertainment, the world's leading igaming firm, is not facing the same dramas, having come to terms with the United States Department Of Justice a few years ago to the tune of over a $100 million.
Playtech and its joint-venture partner Scientific Games have signed an agreement with the California Online Poker Association. Copa represents 31 card clubs and 29 native tribal governments who own rights to gambling proceeds in the state. Playtech will supply COPA with the technology to launch "free-to-play" online poker sites ahead of widely expected legislation allowing state-by-state online gambling.
With two bills before the Senate, Playtech said the timing of when it would go live depended on the change in regulation but could become a "very substantial revenue source". It's estimated that two million Californians gamble illegally on offshore online poker websites.
Insiders noted that competitor online UK gambling company Bwin.Party Digital Entertainment - formally PartyGaming, paid $105 million (£65 million) to settle with the US authorities. Playtech was never targeted by the US authorities.
Playtech is also understood to be eyeing off a number of other countries including Canada, Australia and New Zealand.
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Tuesday, June 21, 2011
Bwin.Party Digital Entertainment News: PartyPoker 'The Big Draw'; PartyCasino 'Sin City' Classic Game
Profiles
Bwin.Party Digital Entertainment PartyPoker.com PartyCasino.com Porsche Sin City
Profiles
Bwin.Party Digital Entertainment PartyPoker.com PartyCasino.com Porsche Sin City
Websites
PartyCasino.com PartyPoker.com
The Big Draw: Win a Porsche 911 Carrera!!
You have to be in it to win it and ‘The Big Draw’ is no exception. Every day in June we'll hold a prize draw where you can win heaps of prizes such as a Porsche, luxury holidays to Las Vegas and the Caribbean plus hundreds of gadgets such as iPads and TVs.
Earning tickets couldn’t be easier – simply play one raked hand to earn your first ticket! After that, you’ll then get another ticket for every point you earn playing on our tables in June.
All your tickets are re-usable, giving you the chance to win day after day. Every day you earn at least one ticket you'll be in that day’s draw and all the tickets you accumulated in previous draws will be included giving you even more chances to win.
There are over $500,000 worth of prizes up for grabs including:
60x Apple iPhone 4 16GB
60x Sony Bravia 46” Widescreen TV
150x Apple iPad 2 16GB
150x iPod Touch 64GB
210x LG 22” LCD monitor
Thousands of items of Branded merchandise including hoodies, shirts and caps
Cash prizes, free points to use in our loyalty store and free Big Draw tickets
Don't miss the Weekly Mega Draw:
Every Sunday we will boost the prizepool by adding some seriously big prizes.
5th June - VIP Vegas trip for two
12th June - Caribbean Cruise for two
19th June - Harley Davidson Fatboy Motorcycle
26th June - Porsche 911 Carrera
Taking part is exactly the same as the daily draws so make sure you earn at least one ticket on Sundays for all your previous tickets to come into play and the chance to win big.
Frank Miller's Sin City Comes To The World's Largest Online Casino; Cult Classic Comic Turned Into Slot Game...
Gibraltar - 17th June 2011 - Following up on last week’s release of Frank Miller’s Sin City: The Hard Goodbye at Digital DarkHorse comes more exciting news around this legendary title. Sin City has now entered the online gaming world, with a new game at PartyCasino.com This new five-reel, fifty-line slot features art and story from the widely acclaimed series by comics legend Frank Miller. When Sin City originally appeared in Dark Horse Presents: Fifth Anniversary Special in April 1991, it was clear that the face of the comics medium had changed forever. Since that time, Miller’s groundbreaking comics noir has found its way into the public consciousness with toys, games, and even a feature-length motion picture. Frank Miller’s Sin City remains one of the most stylized works in the history of the medium, drawing heavily from film noir, including its use of shadow and stark backgrounds. The black-and-white comic was perfectly suited to the original format of Dark Horse’s flagship anthology, with occasional spot usage of primary colors added to later volumes and editions. "Frank Miller’s Sin City is a very different slot to any other we have launched in recent times. The striking artwork and mature content mean this isn’t a game for the faint hearted," said a spokesman for PartyCasino.com There are five featured games, which win the player free spins and multipliers: “Straight to Hell,” “The Hard Goodbye,” “He Never Screams,” “Deadly Little Miho,” and “Just Get Warmed Up.” The games feature the series’ main characters: Hartigan, Nancy, Miho, Marv, Kevin, the Yellow B*stard, and Dwight. The game includes mature content and scenes of violence, nudity, and deprivation.
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Bwin.Party Digital Entertainment PartyPoker.com PartyCasino.com Porsche Sin City
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Bwin.Party Digital Entertainment PartyPoker.com PartyCasino.com Porsche Sin City
Profiles
Bwin.Party Digital Entertainment PartyPoker.com PartyCasino.com Porsche Sin City
Websites
PartyCasino.com PartyPoker.com
The Big Draw: Win a Porsche 911 Carrera!!
You have to be in it to win it and ‘The Big Draw’ is no exception. Every day in June we'll hold a prize draw where you can win heaps of prizes such as a Porsche, luxury holidays to Las Vegas and the Caribbean plus hundreds of gadgets such as iPads and TVs.
Earning tickets couldn’t be easier – simply play one raked hand to earn your first ticket! After that, you’ll then get another ticket for every point you earn playing on our tables in June.
All your tickets are re-usable, giving you the chance to win day after day. Every day you earn at least one ticket you'll be in that day’s draw and all the tickets you accumulated in previous draws will be included giving you even more chances to win.
There are over $500,000 worth of prizes up for grabs including:
60x Apple iPhone 4 16GB
60x Sony Bravia 46” Widescreen TV
150x Apple iPad 2 16GB
150x iPod Touch 64GB
210x LG 22” LCD monitor
Thousands of items of Branded merchandise including hoodies, shirts and caps
Cash prizes, free points to use in our loyalty store and free Big Draw tickets
Don't miss the Weekly Mega Draw:
Every Sunday we will boost the prizepool by adding some seriously big prizes.
5th June - VIP Vegas trip for two
12th June - Caribbean Cruise for two
19th June - Harley Davidson Fatboy Motorcycle
26th June - Porsche 911 Carrera
Taking part is exactly the same as the daily draws so make sure you earn at least one ticket on Sundays for all your previous tickets to come into play and the chance to win big.
Frank Miller's Sin City Comes To The World's Largest Online Casino; Cult Classic Comic Turned Into Slot Game...
Gibraltar - 17th June 2011 - Following up on last week’s release of Frank Miller’s Sin City: The Hard Goodbye at Digital DarkHorse comes more exciting news around this legendary title. Sin City has now entered the online gaming world, with a new game at PartyCasino.com This new five-reel, fifty-line slot features art and story from the widely acclaimed series by comics legend Frank Miller. When Sin City originally appeared in Dark Horse Presents: Fifth Anniversary Special in April 1991, it was clear that the face of the comics medium had changed forever. Since that time, Miller’s groundbreaking comics noir has found its way into the public consciousness with toys, games, and even a feature-length motion picture. Frank Miller’s Sin City remains one of the most stylized works in the history of the medium, drawing heavily from film noir, including its use of shadow and stark backgrounds. The black-and-white comic was perfectly suited to the original format of Dark Horse’s flagship anthology, with occasional spot usage of primary colors added to later volumes and editions. "Frank Miller’s Sin City is a very different slot to any other we have launched in recent times. The striking artwork and mature content mean this isn’t a game for the faint hearted," said a spokesman for PartyCasino.com There are five featured games, which win the player free spins and multipliers: “Straight to Hell,” “The Hard Goodbye,” “He Never Screams,” “Deadly Little Miho,” and “Just Get Warmed Up.” The games feature the series’ main characters: Hartigan, Nancy, Miho, Marv, Kevin, the Yellow B*stard, and Dwight. The game includes mature content and scenes of violence, nudity, and deprivation.
Profiles
Bwin.Party Digital Entertainment PartyPoker.com PartyCasino.com Porsche Sin City
Website Network
Media Man Int
Media Man
Media Man News
Casino News Media
Global Gaming Directory
Gambling Red Hot In Australia, by Greg Tingle - 20th June 2011
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