Publishing & Broadcasting Ltd. and Melco International Development are planning to raise $1 billon in an IPO, by selling 20 per cent of its Macau casino development according to a report by the Australian Financial Review. James Packer’s company plans to use the funds to expand its Macau casino hotel and other gambling developments.
Macau’s CoTai strip is dubbed as Asia’s Las Vegas and is undergoing feverish development from all top casino, hotel and gambling operators around the world. Already in Macau are Wynn and Sands casinos in the USA. Macau is viewed as a gateway to lucrative gambling market of nearby China.
Bookmakers prepare for the World Cup betting bonanza on June
British bookmakers are planning on employing extra staff from June to cope with an expected £1 billion betting bonanza’ on the World Cup according to a report by ThisisMoney. Ladbrokes suggested that it would require about 20 per cent extra man hours from its 500 call centre staff to cope with the tournament, and would be using speech recognition software to help during peak periods.
Betting exchange Betfair, who have announced that they could match as much as £500 million on the event, has already taken £8 million worth of bets, mainly on who might win and whether Wayne Rooney will play.
Leighton Vaughan Williams, head of Nottingham Trent University’s Betting Research Unit, said: ‘Four years ago, you could bet on who would win a match. Now there is a myriad of bets available that weren’t offered before – particularly “inrunning” bets on who will score the next goal, or whether anyone will be sent off.
But the downside of the bonanza would be if England wins the World Cup, with analysts warning of profit warnings from some of the publicly quoted bookmakers.
Big Brother Developer Gets into Online Gambling
Endemol UK have announced the launch of a new digital media division which they promise will create multi-platform gaming entertainment.
Endemol Gaming will hope to build on the UK group’s strategic relationships with key players in the gaming industry to bring mass-market entertainment to the sector.
The new division will aim to continue building activity in this sector, creating stand-alone content for a wide range of media platforms. This includes live sports betting, poker, instant win games, gaming TV, fixed odds games, multiplayer quiz formats and skill games.
New Creative Director at Endemol Gaming, Sarah Bellamy, said, “Our goal is to bring Endemol’s substantial creative resources to the gaming industry and develop a wide range of tailor made entertainment for the global market.”