Chipsahoy.net Casino News

For 35 years the Hotel Lisboa was the only casino in Macau. But that’s all about to change as Vegas heavyweights enter the market.

Stanley Ho, has controlled Macau’s gaming for four decades has seen his share of the gambling revenue decrease by over 50% in the last couple of years. With the likes of Steve Wynn of Wynn Resorts Ltd. and Sheldon Adelson of the Sands coming to town, it’s a safe bet that his share will continue to dwindle.

How bad is for Stanley Ho? Two of his seventeen children have joined forces with his American counterparts while Ho and His sister a minority shareholder in his company battle over selling part of the company to raise money to compete with Wynn and Adelson.

Why Macau? There are a total of 2,2 billion people that live within a 5 hour flight of Macau. Thats 7 times the amount of people that live with the flight time on Las Vegas. And there is no ethnicity that enjoys gambling more than Asians do.

There will be much more news on Macau in the coming months as the battle is still in it’s infancy, but one thing is for sure, there is plenty of opportunity to make a fortune here. not just for the casino owners, but for anyone who invests in Macau.

We would like to wish you all a healthy and propersous new year. May your jackpots be big and your fortunes be bigger. Thank you for making chipsahoy.net your online casino website. We look forward to serving you in 2007.

PartyGaming’s deal to buy online gaming site Empire Online is complete. The site also bought Intercontinental Online Gaming.

PartyGaming estimates the acquisitions will generate $8.5 million worth of revenue in 2007. The deal for both companies represents $66.3 million in PartyGaming shares.

Empire Online is now completely out of the gaming business. The company announced yesterday that it will become an investment house once the sale is complete. The sale of Empire to PartyGaming depends on Empire shareholder approval, but the transaction is expected to be complete by Jan. 19.

Intercontinental Online operated eight sites, including Magic Box Casino, Casino King, Swiss Casino, and Sunshine Bingo. Empire’s biggest site was Noble Poker.

Shares of PartyGaming stayed almost the same on the London Stock Exchange after the announcement at 31.25 pence, while shares of Empire Online rose slightly from 42 pence yesterday to 44 today.

Rumors have been flying in recent days that PartyGaming will reopen its Party Poker internet poker room to the US market.  Following the signing into law a bill that would curb some forms of internet gambling, PartyGaming abruptly pulled its popular PartyPoker site out of the US market.  Many experts believed they did so prematurely.  Rumors of a possible PartyGaming announcement regarding its reemergence in the US market first appeared on the PokerNews.com website. 

The London Stock Exchange trading PartyGaming was the largest IPO of 2005 in the United Kingdom, and was valued higher than British Airways. 

Despite losing approximately 80% of its customer base, PartyPoker is now the number two largest online poker room in the world.  In fact, the poker room, which had been neck and neck with Full Tilt Poker,  is now drawing a much larger gap in recent weeks according to PokerSiteScout.com.  

Following a huge drop in its overall share price back in October, PartyGaming is slowly said to be recovering.

Read the full story at Gambling911

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An Atlantic City without smoking was once akin to a casino without slot machines — unimaginable. But times have changed.

The city is now poised to stamp out smoking in the town’s 11 casinos. If the City Council passes the smoking ban on Friday, Mayor Robert Levy can sign it into law after 20 days.

That has casino operators worried that some of their loyal customers might go to more smoker-friendly establishments, such as Foxwoods or Mohegan Sun, the Native American-owned casinos in Connecticut, or even to slot machine parlors in Pennsylvania.

“Given the economic effects that the imposition of a smoking ban would cause,” revenues would dive 20 percent, resulting in “approximately 3,400 employees being laid off,” Casino Association of New Jersey Association chief Joseph Corbo warned.

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A hectic and historic 2006 has pushed Pennsylvania closer to becoming one of the nation’s biggest commercial gambling states.

In 12 months, Pennsylvania could boast slot-machine gambling parlors in every corner. As more gambling halls are built, the state’s industry could double in size the following year to more than 30,000 slot machines. In 2009 or 2010, slots could take in $3 billion a year — the magic number that Gov. Ed Rendell has projected.

Pennsylvanians can expect the SugarHouse Casino and Foxwoods Casino Philadelphia to sprout on opposite flanks of the Ben Franklin Bridge. The Majestic Star Casino will join Pittsburgh’s two major sports stadiums on the Ohio River. And Sands Bethworks Casino is touted as a new life for the now-stilled flagship factory of Bethlehem Steel Corp.

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Fortune Lounge, one of the biggest online casino groups, has announced a combined total jackpot of over $2,600,000 across two of its most popular progressive slots King Cashalot and Mega Moolah. The maximum jackpot currently stands at $1,556,817 on King Cashalot and $1,123,182 on Mega Moolah.

Fortune Lounge is one of the oldest online casino groups, comprised of illustrious online casinos and action-packed poker rooms. Hailed for offering a superior gambling experience, coupled with a commitment to ethical behavior, dedicated player service and operational excellence, and all Fortune Lounge casinos are accredited by eCOGRA and the Kahnawake Commission, guaranteeing the highest level of quality and integrity.

Making jackpot history at Fortune Lounge, Tracy W. became the biggest progressive jackpot winner on February 7, 2006 when he won an enormous $776,561.72 on King Cashalot at Vegas Palms Casino

“I was totally blown away by seeing all the Kings come up,” said Tracy. “My jaw dropped and my heart went into my throat when I saw that I had won the jackpot. I just sat there and looked at the ‘congratulations’ screen for about 10 minutes.”

The player who wins the maximum jackpot on either King Cashalot or Mega Moolah will become the highest winning jackpot player in Fortune Lounge history. There has been no better time to spin and win. One can try these and other progressive slots at any of the Fortune Lounge casinos which include the likes of the delightful 7 Sultans and Platinum Play Online Casino. And for more Casino running special promotions visit the Casino Directory.