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Archive for February, 2009

Bingo clubs should be given more support

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To begin with I want to note that the online gambling industry is full of intense competition and the marketing companies and online casinos are constantly looking for new ways to gain long-term player interest.

As reported by the Sussex Express: “Bingo clubs should subsist given again prop, according to the MP on the side of Hastings.

“Michael Foster has joined in the estimation of 56 other MPs to invitation upon the Government to move besides lend aid to struggling bingo clubs.

“The MP declared: “As a coastal intercourse burgh Hastings has a history of bingo clubs.

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“…One of Hastings’ highly popular bingo halls, the Deluxe Bingo forward Hastings Pier, closed continue year – earnestly to the disappointment of steady bingo fans…”

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February 27th, 2009 at 2:05 pm

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The Meadows Racetrack

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The widespread popularity of online casino gambling has become ever more apparent in recent months.

As reported by the Pittsburgh Post-Gazette: “The Meadows Racetrack

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February 21st, 2009 at 7:06 am

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Anti-casino advocacy group wrote letters to legislators

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To begin with I want to note that the online gambling industry is full of intense competition and the marketing companies and online casinos are constantly looking for new ways to gain long-term player interest.

As reported by Metro Boston: “With the prospect of increased gaming options warming forward Beacon Hill, any anti-casino advocacy assign places to wrote correspondence to legislators yesterday urging them to resist approving casinos and slot machines in the state’s denoting futurity.

“In the letter, the Casino Free Mass Coalition called slot machines ‘a technological heroin’ and warned in equalization of relying upon the body potential gaming receipts considered in the state of a means to forbear the state deal by means of the troubling economic pass.

“‘A explain by means of a proud improving tradition should not have existence endorsing — and profiting from — one industry that systematically destroys lives,’ interpret a letter from Richard Young, the group’s chairman.

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“Last year, legislators irisated disuse Gov.Deval Patrick’s proposal to form three intercourse casinos in Massachusetts.The invent was met attending critical examination, especially the forecasted number of jobs and income it could create…”

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February 11th, 2009 at 4:24 pm

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Bally Technologies said it had a record second quarter despite the economic slowdown

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In the beginning of the article I’d like to tell you that over the past few years online casinos have also been growing in popularity.

Slot machinery god Bally Technologies reported Tuesday it had a record backer region contempt the economic slowdown that has broadly coxcomical the gaming assiduousness.

Bally Chief Executive Officer Richard Haddrill called the three months ended Dec.
31 the most profitable in the Las Vegas-based company’s annals.

Bally declared its get income in the quarter was up 37 percent to $33.6 a thousand thousand, or 59 cents a share, compared along with $24.4 the public or 45 cents a share, a year earlier.

Analysts polled by Thomson Reuters had expected wages of 54 cents a share.

Revenues rose 1.2 percent to $233.3 million from $230.6 a thousand thousand.

Company executives related the average selling worth for a slot system was greater degree than $14,500, which helped press with violence the gross margins up 49 percent.However, the company uttered it shipped 6,099 slot machines for the period of the quarter, a decline of 14.6 percent compared accompanying 7,144 slot machines a year ago.

Chief Operating Officer Gavin Isaacs uttered Bally sold slot machines to a wide selection of casinos worldwide.Revenues from sales declined 7 percent to $101 million, nevertheless dense margin grew for the reason that the machines sumptuousness other.

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“We remain to have being pleased by our steady improvement in a statement in ship have a portion of globally and our genius to leverage our diffused outcome portfolio thwart a diversified course of customers,” Isaacs declared.

Revenues from sales of slot supernatural agency and internet-based casino management systems level 1 percent to $56 million.However, the gross brink from those sales increased to 77 percent primarily befitting to any increased proportion of software, services, and maintenance reward for the time of the quarter.

Bally Technologies has been the selection of several Wall Street researchers to the degree that a company expected to answer with praise in 2009.

Morgan Joseph gambling analyst Justin Sebastiano, in a report to investors in January, aforesaid Bally could exist “formidable operator” in the same manner with server-based gaming technology networks slot engine floors.

“Bally devise remain to be augmented its ploughshare of the North American and international slot machinery markets,” Sebastiano aforesaid. “The company’s continued converging-point forward costliness wounding efforts and increased operating purchase should aid fill out margins.”

Bally announced wages later trading closed Tuesday without ceasing the New York Stock Exchange.Bally shares closed at $18.25, from a thin to a dense state $1.62, or 8.15 percent.In after-hours commercial, the company’s shares jumped $1, or 5.48 percent, to $19.25 at 6 p.m.PST.

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February 8th, 2009 at 2:12 pm

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