News updates as at Wednesday May 1, 2013

Belgian MEP Alludes to Rock as Tax Haven and Unfair Competition
GIBRALTAR, (April 30, 2013) -- A Belgian socialist MEP has asked the European Commission whether it will take any steps in respect of Gibraltar-based gaming companies as part of wider EU measures to combat tax evasion and tax havens. The news service writes that Marc Tarabella, a member of the Group of the Progressive Alliance of Socialists and Democrats, tabled a set of questions on this issue in the European Parliament. The questions were couched in unflattering terms, referring to Gibraltar as a tax haven and alleging that the Rock was engaged in unfair competition that was harming other EU members.

Broadway Gaming Brings Its Second Online Bingo Site, Glossy Bingo, To Microgaming
ISLE OF MAN (April 30, 2013) -- Microgaming (www.microgaming.co.uk) announces that Glossy Bingo, which is powered by Microgaming's leading Bingo software, is now live. Glossy Bingo is the second online bingo brand launched by Broadway Gaming Ltd, the first being the popular Butler's Bingo site, which launched on Microgaming's Bingo Network in July 2010 and is renowned for its astonishing £5.88 million jackpot pay-out in December 2012. Designed to look like the cover page of a glossy magazine, Glossy Bingo is officially live and set to cause great excitement amongst online Bingo players.

Regulation on Corporate Income Taxes Sends Share Market in Spiral
Solaire Resort And Casino Flooded By Heavy Downpour, Slot Machine Area Affected
MANILA, Philippines (April 30, 2013) - Gaming stocks were battered yesterday on the back of knee-jerk reactions from an operational problem in one of newest and major casino operators in the country and a regulation on corporate income taxes of these firms.
"Gaming companies led yesterady's decliners after the Bureau of Internal Revenue released a memorandum stating that Pagcor and its casino licensees are subject to the 30 percent income tax," RCBC Securities Inc. said.

Tribe Receives Loan Secured by Gaming Facilities
FLORIDA (April 29, 2013) -- The Seminole Tribe of Florida received a $750 million loan secured by its gaming facilities in Florida. The Seminole Tribe, whose operations center is in Hollywood, said the money would repay a term loan that matures in 2014. The new financing is a bond

 

 

 

Lottery Move Rewards Observant Players

SINGAPORE CITY, Singapore (April 29, 2013) -- Ten days after Singapore Pools moved into new premises in the Bugis area, the lottery operator's new street address came out tops in the 4-D lottery draw.

Appointment Signifies China is looking over Macau’s Prosperous Shoulder

MACAU, SAR (April 30, 2013) -- With little fanfare, China is sending an official with a reputation for strictly enforcing regulations, to be its top man in Macau, the world's biggest gambling hub, as Beijing puts tackling corruption centre stage.

Pub Betting Penalties Send Warning Message to Licensees

LONDON, UK (April 29, 2013) – The Gambling Commission has imposed an £8,000 financial penalty on a licensed bookmaker who persisted in operating betting in pubs in West Wales.

Celtic Racing (Credit Betting) Limited knowingly provided facilities for betting from a number of alcohol licensed premises in and around South West Wales before being exposed by an investigation run by the Gambling Commission, supported by Pembrokeshire and Carmarthenshire Local Authorities. Celtic Racing (Credit Betting) has also been formally warned by the Commission and has had an additional licence condition placed on its operating licence.

 

 

Lottery Looks to Boost Sales and Profit Margin

LITTLE ROCK, Arkansas (April 29, 2013) — A bill that would have required the Arkansas lottery to turn at least a 25 percent annual profit didn't make it out of committee this year, but the lottery director told Press reporters on Monday, that he expects similar bills to be proposed in future legislative sessions.

 

 

ICRC Faults Lottery Commission Over Contract

ABUJA, Nigeria (April 29, 2013) -- One of the bidders had petitioned the House Joint committees alleging irregularities in the award of the contract.

 

 

Senate Approves Electronic Gaming Machine Bill

BUENOS AIRES, Argentina (April 25, 2013) --The Senate today approved a bill whereby it is intended that all Electronic Gaming machines, which number 13,063, must by law have on-screen messages which say: "The play is detrimental to the health and family. Are you aware of this?” The player must either answer Yes or No.”

 

 

Gaming Industry Evolves with Rapid Growth

DODOMA, Tanzania (April 29, 2013) – The Gaming Industry is now not simple entertainment but has emerged as a serious economic activity and major source of Government revenue and job creation, according to a local news publication.

 

 

Online Lottery Program to Face Uphill Battle

DETROIT, Michigan (April 29, 2013) -- The Michigan Lottery hopes to hit the jackpot with a new "iLottery" online lottery program, but the agency may need a little luck to get it launched, according to local print publication.

 

 

Cubeia Launches Social Poker Network

Cubeia Ltd has unveiled Cubeia Social, a social poker network, enabling anyone to create and run their very own social poker site

STOCKHOLM, Sweden (April 29, 2013) -- Cubeia Ltd, a software development company, has unveiled Cubeia Social, a social poker network, enabling anyone to create and run their very own social poker site.

 

 

Konami Gaming, Inc. Introduces Podium Goliath™

Goliath Arrives in North American Casinos, Providing Eye-Catching, Larger Version of Konami's Industry Leading Podium™ Cabinet

LAS VEGAS, Nevada (April 25, 2013) -- Konami Gaming, Inc. has expanded its family of Podium game cabinets with the introduction of the Podium Goliath. "Since its introduction, Podium has been a proven performer," said Steve Sutherland, chief operating officer at Konami. "Based on feedback from our customers, we have expanded our line of Podium products by creating the largest Podium yet. Goliath was designed to support our robust game library and provide a unique and fun gaming experience for slot players."

 

 

Scientific Games to Report First Quarter 2013 Results on Tuesday, May 7, 2013

NEW YORK, NY (April 29, 2013) -- Scientific Games Corporation (NASDAQ: SGMS) announced today that it will release its financial results for the first quarter ended March 31, 2013 after the market close on Tuesday, May 7, 2013. The Company will host a conference call at 5:00 p.m. Eastern Time which will include management's discussion of these results and an opportunity to ask questions.

 

 

Sino Cement, Inc. Announces Agreement To Acquire Interest In Costa Rica Online Gaming Company & Hotel/Casino Operations

NEW YORK, NY (April 29, 2013) -- Sino Cement, Inc., (otc pink:OCEE) Mr. Marco Garduno, Director, is pleased to announce that the company has executed a Letter of Intent to purchase 70% of a Costa Rica company whose business is the acquisition of Resorts, Hotels and Casinos in connection with its International Online Gaming operations headquartered in Central America (www.macaulivegaming.com.)

 

 

Tabcorp Holdings Limited 3Q13 Trading Update

MELBOURNE, Australia (April 30, 2013) -- Tabcorp Holdings Limited today provided a trading update for the third quarter of the

2013 Financial Year

Total reported revenue for the company’s continuing operations in 3Q13 was $480.3 million, up 2.6% on the prior corresponding period (pcp). Year-to-date revenue is $1,515.2 million, up 2.2%.

 

 

Town Schedules Public Forum to Garner Casino Support

LAKE GEORGE, New York (April 29, 2013) -- .Another upstate New York tourist town is looking into the idea of casino gambling.

 

 

GLI Europe Welcomes Gaming Industry Expert James Illingworth as New Director of European Business Development

HILLEGOM, The Netherlands (April 30, 2013) – Gaming Laboratories International (GLI), the world’s leading gaming technical consulting and independent certification laboratory, and its affiliate GLI Europe BV, are pleased to announce the appointment of James Illingworth as their Director of European Business Development.