Another story from the BBC:
Scarborough is unlikely to get a new casino until at least next year despite being awarded one of the government’s licences for a small venue in January.
The resort clinched one of 16 licences for a small casino offering jackpots of up to £4,000.
Several operators are interested in the project and two sites have already been given outline planning permission.
But Scarborough council said it would have to consider each proposal and a decision was not expected until 2008.
Posted by casino man in Gambling News at 10:37 AM GMT
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Another story from the BBC:
Irish bookmaker Paddy Power has said it may buy new online and offline gambling businesses to help boost growth.
It also announced that 2006 pre-tax profit rose 52% to 47.6m euros (£32.5m; $62.5m) from a year earlier as the football World Cup attracted punters.
Paddy Power said that the total amount of money gambled in 2006 grew by 31% to 1.8bn euros, and it had seen a 70% jump in the amount being bet on its website.
The company has 160 bookmaker’s shops in the Irish Republic and 58 in the UK.
Posted by casino man in Gambling News at 1:11 PM GMT
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Another story from the BBC:
UK bookmaker William Hill has seen annual profits jump 35% in 2006 thanks to strong betting during the World Cup.
The firm said pre-tax profits climbed to £235.5m in 2006, up from £174.6m a year earlier.
Punters also won more during the World Cup and gross wins rose by 15% for 2006 to £931.3 from 807.7m the year before.
While the bookmaker welcomed the creation of the Gambling Commission, it raised concerns about a lack of time given to meet new regulations.
Posted by casino man in Gambling News at 10:41 AM GMT
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Another story from the BBC:
Internet gambling firm Partygaming saw pre-tax profits fall 57% in 2006 - as it began reshaping after a crackdown on internet gaming in the US.
It said that legislation making it practically illegal to trade in the US - where it had generated 75% of its earnings - had proved a "bitter blow".
Profits were $138.9m (£70.8m) - after the firm spent $250.4m on reorganising costs - mainly after the US ruling.
However, business elsewhere was in "excellent shape", it said.
Posted by casino man in Gambling News at 11:11 AM GMT
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