Issue 269
November 7 - November 13, 2005
Volume 5
page 2
 

Progress being made in French Lick casino project
As reported by www.wthr.com

FRENCH LICK, Indiana - If you haven't been to the French Lick Springs resort in about 80 years you would barely know the place, but you would recognize it soon.
Dozens of workers are restoring it to its glory days, a painstaking process, literally one inch at a time.

George Ridgeway is the architect on the project. "The artisans ... doing the plastering are recreating all the crown molding ... going around this room. It's actually being done on site, and they'll create missing pieces of plaster based on what was already here."

While it will look the same once the workers leave, the resort will have some new things too, restaurants that are open 24 hours a day, a full-service spa and a casino between it and the nearby West Baden Springs Hotel.

Because Indiana law doesn't allow casinos on land, one area will become a lake with the gaming area in the middle.

Construction Director Matt Childress explains, "It will be surrounded by water, but it will be firmly anchored into the earth, but it will be surrounded by water."

The benefits of the new casino are already coming to Orange County in the form of construction jobs.

A side benefit is the history that they are preserving at a cost of millions of dollars to make it as it was during the first heyday of French Lick.

Officially the resort does not have a gambling license yet. It expects to get that next week in a ceremony that the governor plans to attend in French Lick.

 

 

 


Poker Industry showdown in London

Press Release

LONDON - It's been a frantic couple of years for anybody involved in the rapidly expanding online gambling industry, particularly those with a Poker offering.

Martin Oelbermann of MECN recently forecast that the amount gambled on poker websites worldwide this year is likely to top US$60 billion, whilst 'Research and Markets' are predicting that online revenues will exceed US$ 4 billion in the next couple of years.

Whatever stats you care to look at and whoever you choose to believe nobody can deny that the Poker explosion is a phenomenon the like of which we may not see again…and there's no end in sight.

With online Poker sites continuing to rake in the cash, Brick Casinos scrambling to reintroduce sizable card rooms to capitalize on the boom and mobile and iTV offerings starting to gain traction there's no sign of the industry slowing….especially in Europe.

With so much to play for it's no surprise that December 5 and 6 will see the most significant gathering of Poker Industry professionals outside of the USA, if not anywhere in the world. The Poker Summit Europe has been organized by Bullet Business [www.bulletbusiness.com] a division of London's FC Group, an international event specialist.

Apart from a spectacular lineup of over 40 top level speakers including John Anderson, CEO of 888, Noam Lanir CEO of Empire Online and Patrik Selin, CEO of Ongame, Bullet Business and sponsors The Poker Channel and CryptoLogic are staging the first Bullet Business Industry Poker Tournament.

The tournament is open to anybody in the Poker Industry value chain but, sensibly, excludes former and current pro players as well as Joe Public. Qualification takes place online with the final table the centre piece of the Summit Networking Party on the night of December 5th

Mike Setters, Global Events Director at FC and Head of the Bullet Business division told us "the Poker space is packed with characters…everybody talks the talk but the question we're asking with the Bullet Business Industry Poker Tournament is ..can they walk the walk!?"

"The Summit itself will be a serious business event - we're not offering Vegas style entertainment and amusement, we are offering incredible networking and cutting edge insight from the leaders in diverse Poker businesses - both on and offline. But we wanted to do something fun as well…"

So on December 5th if you're quick and sign up now, you could be the lucky [or skillful] player who takes the Bullet Business IPT2005 title, the kudos, the publicity for your company and, of course, gets to nominate the charity to which the prize fund will be donated.

Signing up takes seconds - full details can be found at bulletbusiness.com

About FC and Bullet Business

FC [First Conferences Ltd] is the owner and operator of the Bullet Business brand. A global provider of market-leading business news, intelligence and events, FC work in multiple vertical industries and in all geographical markets. The company is known for staging top level strategic and technology events as well as its substantial and respected publishing activities. More information about the company can be found at www.firstconf.com

About the Poker Channel

The Poker Channel is the world's first TV channel dedicated to poker and is the home of quality gambling entertainment. The Poker Channel embodies the culture, lifestyle and attitude of poker fans worldwide and offers a one-stop shop with more live coverage of major poker tournaments than ever before. The channel will broadcast the world's first live coverage of the British Poker Open as well as other entertainment programmes such as educational programming, exclusive and new editorial shows and night time feeds of "high roller" online games.The Poker Channel is available to all Sky subscribers, as a free to air channel, and is located under the Entertainment section Channel Number 265. The Poker Channel, the home of Poker, launched on 23rd March 2005 and will broadcast 24 hours a day, 7 days a week. More information about the company can be found at www.pokerchannel.co.uk

About CryptoLogic


CryptoLogic is recognized as a pioneer and leading software developer in the rapidly expanding Internet gaming industry. Individuals registered in 240 nations and territories worldwide use our software. We have processed more than US$30 billion in secure electronic deposits from more than 2 million clients. Common shares of the Company are listed on the Toronto Stock Exchange (CRY), on the Nasdaq National Market (CRYP) and on the London Stock Exchange Main Market (CRP). More information about the company can be found at www.cryptolgic.com



International investors among eight bidding for gaming licences
As reported by www.dispatch.co.za

Thousands of jobs, a mega entertainment complex, luxury hotels and budget lodges are on the cards for the Eastern Cape as moves accelerate to open two new casinos.

The casinos will be in the Queenstown-Aliwal North area and Mthatha-Port St Johns region.

Eastern Cape government officials say the two multi-million rand complexes will open their doors to the public by June 2007 and will attract more domestic and foreign tourists to the province.
Although the casinos won't transform those poverty-stricken areas, there are spin-offs for the province.

The casinos are expected to create thousands of the jobs and provide a much-needed boost for the economy.

They will also give the province more muscle to share in the spoils of South Africa's R8,2bn gambling industry. The Eastern Cape currently only rakes in 7,4% of the industry's total revenue, compared to Gauteng's 44,9%.

Eight prospective investors, including international companies, are bidding for the two gaming licences. Some of the bidders are the usual suspects in the gambling industry, but the Eastern Cape Gambling and Betting Board could not divulge the names of the companies.

The bidding process will start in January next year, says the board's chief executive officer Vuyani Mati, and the successful investors will be announced by September. The entire process is expected to take nine to 12 months, as the board will need to give prospective investors enough time to come up with the most suitable proposal, and for communities to submit their comments.

However, construction on the gaming complex is expected to begin by Christmas next year, says Mati.

"Investors want to bring their money to the province."

"The two new casinos will definitely be a positive factor for our economy. We expect thousands of jobs to be created, although we cannot say how many at this point, as that will be determined by the commitments made by the investors."

The province's gaming authorities will favour the kind of investment that will have the power to draw in both local and international tourists and provide an extraordinary entertainment offering.

The province attracted more than 2,5 million foreign visitors in 2003 and 2004, who spent R4,6bn.

But the provincial government believes the casinos, the most lucrative form of gambling, could boost its tourism industry even further.

Economic Affairs MEC Andre De Wet said: "A proposal that will include a hotel or a lodge is desired, but the board will have to decide on that based on the overall impact of the proposed investment. We don't expect the investment to create a big metropolitan area, but we do expect thousands of jobs to be created."

Cyndi Lauper

Trump Taj Mahal: The 1980's pop singer, Cyndi Lauper appears at the Arena with special guests, Scott Weiland, Pat Monahan, The Hooters, Ani DeFranco, and Shaggy.

Date: November 11, 2005

Time: 9 pm

Ticket Price: $30, 60, 80, 100

For more information: 1-800-736-1420

 
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