Moves to buy Online Casino Software Company
Reported by OnlineCasinoNews.com
of the world's leading gaming manufacturers, International
Game Technology (IGT), has confirmed its intent to acquire
WagerWorks by August 2005, for around $90 million. WagerWorks
is an online gaming business that has an impressive portfolio
of clients including BSkyB, Sony and Virgin.
Executive Officer of IGT, TJ Matthews, commented, "The
acquisition of WagerWorks will help the distribution of
IGT game content across new channels and mediums including
the internet, mobile devices, and interactive television.
WagerWorks' adherence to a strict compliance policy ensures
that operators offer the company's products and services
to end users in a responsible manner. We are very excited
to work with their customer base, content providers and
management team to accelerate and enhance WagerWorks'
growth prospects."WagerWorks offer IGT an extensive
range of casino based online games such as poker rooms,
"Wheel of Fortune" and "The Price is Right".
hotel closing expansion
Reported by The Sun Herald
Mississippi - The landmark Broadwater Hotel, which
was the Coast's premier resort in its heyday, will shut
its doors for good on Sunday.The new owners of the hotel
have applied for a demolition permit, but the city of
Biloxi had not issued one as of Friday afternoon. Roy
Anderson III, who owns the property with W.C. "Cotton"
Fore, said the structure probably won't be demolished
until later this year or early next year. A lifestyle
mall, an open-air configuration of upscale specialty stores,
is proposed for the site.
and Fore's company, Broadwater Development LLP, plan to
sell the 38 acres occupied by the hotel and its cottages
to an Atlanta company that specializes in retail development.
The two Coast businessmen own the entire 240-acre Broadwater
Resort, including its golf course and marina. They purchased
the property in a bankruptcy auction.
President Casino, which will be moved to Hancock County
next year, will continue to operate. Nor is the Broadwater
Tower, which has different ownership, closing at the present
time. But the Tower hotel, built many years after the
original Broadwater opened, will also be demolished to
make way for a high-rise condominium.
Biloxians have fond memories of the Broadwater Beach Hotel,
which opened in 1939. Its first owner was Pete Martin
Sr., a legendary Coast gambler and rum runner, who operated
a casino in the hotel when gambling was illegal. Joe Brown,
a Texan who had made millions in the oil business, bought
the property in 1958. When he died, his widow, Dorothy
Brown, upgraded the property. She hired architects to
give it a modern look, had the marina built and developed
golf packages to attract tourists.Over the last decade,
the hotel faded from its former glory. Its last owner,
President Casinos Inc., made no major improvements to
the property as other casino companies built new hotels
along the Coast. President Casinos had to sell its two
casinos in Biloxi and St. Louis after filing for bankruptcy.