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CRYP Top Spekulativ Buy

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neuester Beitrag: 29.03.11 09:15
eröffnet am: 25.03.11 10:39 von: xnomis Anzahl Beiträge: 19
neuester Beitrag: 29.03.11 09:15 von: girlpower321 Leser gesamt: 3287
davon Heute: 1
bewertet mit 1 Stern

25.03.11 10:39
1

1320 Postings, 4583 Tage xnomisCRYP Top Spekulativ Buy

gestern wurde die Aktie heftig an der NASDAQ getradet.
Mcap ca. 15Mio, Umsatz 30Mio, Cash on Hand ca. 10Mio  

25.03.11 10:41

1320 Postings, 4583 Tage xnomisNEWS CryptoLogic prüft eine evtl. fremde Übernahme

CryptoLogic Announces Strategic Review
Cryptologic Limited (MM) (NASDAQ:CRYP)
Intraday Stock Chart

Today : Friday 25 March 2011
Click Here for more Cryptologic Limited (MM) Charts.

The Board of CryptoLogic Limited ("CryptoLogic" or the "Company") (TSX: CRY)(TSX: CXY)(NASDAQ: CRYP)(LSE: CRP), a developer of branded online betting games and internet casino software, announces that it has appointed Deloitte Corporate Finance as financial adviser to assist it with a strategic review of the Company.

This review is at an early stage and will consider a number of strategic options, including the possibility of an offer being made for the Company or a disposal of part of the business. The Board wishes to stress that there can be no certainty that any offer will be forthcoming.

The Board will update shareholders as soon as it is appropriate to do so.

Pursuant to Rule 2.10 of the City Code on Takeovers and Mergers, CryptoLogic confirms that, as at the close of business on 24 March 2011, the issued share capital consisted of 12,907,120 common shares of no par value (the "Common Shares"), of which no shares are held in treasury. The ISIN reference number for these securities is GG00B1W7FC20. The Common Shares represent 93.4% of the entire voting rights of the Company. The remaining 6.6% are attributable to a Special Voting Share representing shares issued by CryptoLogic Exchange Corporation, an indirect subsidiary of CryptoLogic (the "CEC Shares"). The holders of CEC Shares have the same voting and dividend rights as the holders of Common Shares and can be exchanged for an equivalent number of Common Shares at any time. There are 911,931 CEC Shares of no par value, of which no shares are held in treasury. The ISIN reference number of the CEC Shares is CA2290581024.

Accordingly, the total number of shares carrying voting rights is 13,819,051.

Copies of CryptoLogic's recent announcements are available from the Company's website at www.cryptologic.com.

Dealing Disclosure Requirements

Disclosure requirements of the Takeover Code (the "Code")

Under Rule 8.3(a) of the Code, any person who is interested in 1% or more of any class of relevant securities of an offeree company or of any paper offeror (being any offeror other than an offeror in respect of which it has been announced that its offer is, or is likely to be, solely in cash) must make an Opening Position Disclosure following the commencement of the offer period and, if later, following the announcement in which any paper offeror is first identified. An Opening Position Disclosure must contain details of the person's interests and short positions in, and rights to subscribe for, any relevant securities of each of (i) the offeree company and (ii) any paper offeror(s). An Opening Position Disclosure by a person to whom Rule 8.3(a) applies must be made by no later than 3.30 pm (London time) on the 10th business day following the commencement of the offer period and, if appropriate, by no later than 3.30 pm (London time) on the 10th business day following the announcement in which any paper offeror is first identified. Relevant persons who deal in the relevant securities of the offeree company or of a paper offeror prior to the deadline for making an Opening Position Disclosure must instead make a Dealing Disclosure.

Under Rule 8.3(b) of the Code, any person who is, or becomes, interested in 1% or more of any class of relevant securities of the offeree company or of any paper offeror must make a Dealing Disclosure if the person deals in any relevant securities of the offeree company or of any paper offeror. A Dealing Disclosure must contain details of the dealing concerned and of the person's interests and short positions in, and rights to subscribe for, any relevant securities of each of (i) the offeree company and (ii) any paper offeror, save to the extent that these details have previously been disclosed under Rule 8. A Dealing Disclosure by a person to whom Rule 8.3(b) applies must be made by no later than 3.30 pm (London time) on the business day following the date of the relevant dealing.

If two or more persons act together pursuant to an agreement or understanding, whether formal or informal, to acquire or control an interest in relevant securities of an offeree company or a paper offeror, they will be deemed to be a single person for the purpose of Rule 8.3.

Opening Position Disclosures must also be made by the offeree company and by any offeror and Dealing Disclosures must also be made by the offeree company, by any offeror and by any persons acting in concert with any of them (see Rules 8.1, 8.2 and 8.4).

Details of the offeree and offeror companies in respect of whose relevant securities Opening Position Disclosures and Dealing Disclosures must be made can be found in the Disclosure Table on the Takeover Panel's website at www.thetakeoverpanel.org.uk, including details of the number of relevant securities in issue, when the offer period commenced and when any offeror was first identified. If you are in any doubt as to whether you are required to make an Opening Position Disclosure or a Dealing Disclosure, you should contact the Panel's Market Surveillance Unit on +44 (0)20 7638 0129.

The Directors of the Company accept responsibility for the information contained in this announcement. To the best of knowledge and belief of the Directors, who have taken all reasonable care to ensure such is the case, the information contained in this announcement is in accordance with the facts and does not omit anything likely to affect the import of such information.

Deloitte Corporate Finance is acting for the Company and for no-one else in connection with the possible offer for the Company and will not regard any other person as its client nor be responsible to anyone other than the Company for providing the protections afforded to clients of Deloitte Corporate Finance nor for providing advice in relation to the possible offer or any matter referred to herein. Deloitte Corporate Finance is a division of Deloitte LLP, which is authorised and regulated by the Financial Services Authority in respect of regulated activities.

Contacts:

CryptoLogic Limited

David Gavagan

Chairman and Interim CEO

+353 (0) 1 234 0400



CryptoLogic Limited

Huw Spiers

CFO

+353 (0) 1 234 0400

www.cryptologic.com



Financial Adviser:

Deloitte Corporate Finance

Jonathan Hinton/David Smith

+44 (0) 20 7936 3000



Corfin Public Relations

Neil Thapar/Alexis Gore

+44 (0) 207 596 2860  

25.03.11 10:44

1320 Postings, 4583 Tage xnomisOnlinegambling wird legalisiert in den USA - wow

Bevor es soweit ist müssen erst noch einige Hürden in den einzelnen Senaten genommen
werden. Sicher ist aber das sich der amerikanische Fiskus die Steuermilliarden nicht mehr entgehen lassen will.

Abstimmung gerstern......  

25.03.11 10:47

1320 Postings, 4583 Tage xnomisStocks To Watch If Nevada Legalizes Online Gaming

Today, Nevada will decide whether or not to allow online poker to become legal. This would be the first state to pass such a measure and could start a domino effect in other states. Currently, millions of people gamble online every day but through outside sources since it is illegal in the United States. Therefore the States and Federal Government are left flat when it comes to taxing these profits. It is said they are missing out on billions in revenue by lack of taxes. When almost all states are facing possible bankruptcy due to huge deficits, it is an obvious course of action to legalize it.

Small cap stocks that could benefit from this course of action will be CryptoLogic Limited (NASDAQ:CRYP) as well as PokerTek, Inc. (NASDAQ:PTEKD) and even possibly GigaMedia Limited (NASDAQ:GIGM).

Origionally, the large casinos like Las Vegas Sands Corp. (NYSE:LVS) and Wynn Resorts, Limited (NASDAQ:WYNN) were against online gaming because they feared it would take massive business away from them. However, since it appears millions do it anyways, they are now realizing that they could get involved and profit from it as well. The key is to regulate it appropriately. If done correctly, not only could States get a boost of revenue from taxes, but also more profits to the casinos.  Watch for the vote later today in Nevada.

Gareth Soloway
InTheMoneyStocks.com  

25.03.11 10:48

1320 Postings, 4583 Tage xnomisSorry der Artikel oben ist vom 24.3.

25.03.11 10:51

1320 Postings, 4583 Tage xnomisQuartalsbericht vom 22.3

CryptoLogic Announces Fourth Quarter and Full Year 2010 Results
Cryptologic Limited (MM) (NASDAQ:CRYP)
Historical Stock Chart

1 Month : February 2011 to March 2011
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CryptoLogic Limited (TSX: CRY)(TSX: CXY)(NASDAQ: CRYP)(LSE: CRP), a developer of branded online betting games and Internet casino software, announces its financial results for the fourth quarter and full year ended December 31, 2010.

Fourth Quarter Summary:

--  Additional restructuring, announced in August 2010 following management
   changes, completed in fourth quarter
--  Net loss reduced to $0.8 million from $12.7 million in Q2 2010, the last
   full quarter before additional restructuring measures
--  Cash burn declined to $1.2 million from $2.3 million in Q2 2010
--  Recurring quarterly cost base lowered to $6.6 million from $12.9 million
   in Q2 2010
--  Total expenses down by 69% to $6.3 million (Q2 2010: $20.2 million)
--  Operating expenses decreased by 47% to $5.1 million (Q2 2010: $9.5
   million)
--  General and administrative expenses decreased by 59% to $1.1 million (Q2
   2010: $2.6 million)
--  Total revenue amounted to $5.5 million (Q2 2010: $6.7 million)
--  Signed licensee deal with bwin with two games already live


Full Year Summary:

--  Total expenses reduced by 39% to $47.5 million (2009: $77.6 million)
--  Total revenue at $26.0 million (2009: $39.8 million)
--  Net loss of $20.4 million (2009: $35.5 million)
--  Cyprus and majority of UK operations consolidated into Malta, while all
   other locations reduced significantly
--  Signed several licensing deals for CryptoLogic games with 170 branded
   games now live (2009: 66)
--  Launched new gaming package, Instant Click


Outlook:

While the additional restructuring measures taken since August 2010 have significantly reduced the total recurring cost base and cash outflow, improving revenue performance remains a key management priority. In addition, the Board continues actively to examine strategic options both to strengthen the Company's operations and deliver shareholder value.

Overview

CryptoLogic was affected by continuing competitive trading conditions in 2010, contributing to disappointing results for the year. Following senior management changes in August 2010, additional restructuring measures were implemented to reduce the annual cost base and stabilise the business. The full impact of these actions, as expected, was felt in the fourth quarter with a significant reduction in the Company's cost base and cash outflow.

Total expenses for the quarter declined by 69% to $6.3 million from $20.2 million in Q2 2010, the last full quarter before the additional restructuring measures following management changes. Total expenses declined by 36% sequentially (Q3 2010: $9.9 million) and by 39% compared with the previous year. Cash outflow in Q4 2010 amounted to $1.2 million compared with $5.4 million in Q3 2010, $2.3 million in Q2 2010 and $4.7 million in Q4 2009.

Q4 2010 net loss declined to $0.8 million from $3.7 million in Q3 2010, $12.7 million in Q2 2010 and $24.8 million in Q4 2009.

The Company's workforce was reduced by 47% to 111 in 2010 from 211 in 2009 through a major streamlining of the Company's offices in all locations and the consolidation in Malta of the Cyprus operations and a majority of the UK operations. As a result, the recurring cost base has been decreased by 49% to $6.6 million per quarter, when compared with Q2 2010, the last full quarter prior to the recent restructuring.

Operating and Financial Review

Total revenues in Q4 2010 decreased to $5.5 million (Q3 2010: $6.1 million; Q2 2010: $6.7 million), primarily due to a lower contribution from a major licensee. Full year revenues declined to $26.0 million (2009: $39.8 million) reflecting the lower contribution from a major licensee and the impact of the loss of a key customer in 2009.

Hosted Casino

Revenue from fully hosted virtual casino rooms provided to online gaming brand operators was $4.9 million in Q4 2010 (Q3 2010: $5.6 million; Q2 2010: $5.8 million), reflecting a lower contribution from a major licensee.

Branded Games

Revenues from this segment remained flat at $1.4 million in Q4 2010 (Q3 2010: $1.4 million; Q2 2010 $1.5 million), as new licensees launched CryptoLogic's branded games at a slower pace than expected. CryptoLogic continues to work with its licensees to help them increase the frequency of games going live.

14 new branded games went live in the quarter taking the total number of games rolled out by licensees and generating revenues to date to 170 from 156 at the end of Q3.

Poker and Other

Poker and other revenue amounted to $0.4 million (Q3 2010: $0.4 million; Q2 2010: $0.6 million).

Balance Sheet and Cash Flow

Cash and cash equivalents as at December 31, 2010 amounted to $10.6 million (September 30, 2010: $11.8 million; June 30, 2010: $17.2 million). The decrease in net cash during Q4 2010 of $1.2 million is largely due to the cash impact of operating losses of $0.8 million. The Company continues to be debt free.

Update on Commercial Agreements

Following receipt of notice of arbitration from a significant supplier of games, the Company served notice of termination of its agreement with the supplier in February 2011, to take effect from March 2011. Notwithstanding this termination, discussions are ongoing with the aim of reaching a commercially acceptable solution prior to the commencement of significant arbitration proceedings. In the absence of achieving such a solution, arbitration hearings are likely to proceed later in 2011.

In February 2011, a brand licensor delivered to the Company a notice purporting to terminate the brand license agreement between the two companies, claiming that the Company had breached such agreement. The Company believes there is no breach that warrants termination of the agreement and, accordingly, considers the agreement remains in force.

About CryptoLogic® (www.cryptologic.com)

Focused on integrity and innovation, CryptoLogic Limited is a leading developer and supplier of Internet gaming software. With more than 300 games, CryptoLogic has one of the most comprehensive casino suites on the Internet, with award-winning games featuring some of the world's most famous action and entertainment characters. The Company's licensees include many top Internet gaming brands. CryptoLogic's leadership in regulatory compliance makes it one of the few companies with gaming software certified to strict standards similar to land-based gaming. The CryptoLogic Group licenses gaming software and services to blue-chip customers that offer their games to non-U.S. based players around the world.

CryptoLogic's common shares trade on the Toronto Stock Exchange (CRY, CXY), the NASDAQ Global Select Market (CRYP) and the Main Market of the London Stock Exchange (CRP).

CRYPTOLOGIC FORWARD LOOKING STATEMENT DISCLAIMER:

This press release contains forward-looking statements within the meaning of applicable securities laws. Statements in this press release, which are not historical are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The words "believe", "expect", "anticipate", "estimate", "intend", "may", "will", "would" and similar expressions and the negative of such expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Forward-looking statements are based on certain factors and assumptions including expected growth, results of operations, performance, business prospects and opportunities, foreign exchange rates and effective income tax rates. While the Company considers these factors and assumptions to be reasonable based on information currently available, they may prove to be incorrect. Forward-looking statements involve known and unknown risks and uncertainties that may cause actual results, performance or achievements of the Company to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Risks related to forward-looking statements include, without limitation, risks associated with the Company's financial condition, prospects and opportunities, legal risks associated with Internet gaming and risks of governmental legislation and regulation, risks associated with market acceptance and technological changes, risks associated with dependence on licensees and key licensees, risks relating to international operations and risks associated with competition. Additional risks and uncertainties can be found in the Company's Form 20-F for the fiscal year ended December 31, 2009 under the heading "Item 3 - Key Information - Risk Factors" and in the Company's other filings with the US Securities and Exchange Commission and Canadian provincial securities commissions. Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. Forward-looking statements are given only as at the date of this release and the Company disclaims any obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise, except as otherwise required by law.

                           CRYPTOLOGIC LIMITED
                       CONSOLIDATED BALANCE SHEETS
                      (In thousands of U.S. dollars)
                                                     As at           As at
                                              December 31,    December 31,
                                                      2010            2009
--------------------------------------------------
--------------------------------------------------
ASSETS
Current assets
 Cash and cash equivalents                   $      10,584   $      23,447
 Security deposits                                     515             250
 Accounts receivable and other                       5,046           7,972
 Income taxes receivable                               730             681
 Prepaid expenses                                    8,942           9,426
--------------------------------------------------
                                                    25,817          41,776

 User funds held on deposit                          6,069           7,929
 Future income taxes                                   864           1,549
 Capital assets                                      4,713           7,774
 Intangible assets                                      95           4,342
--------------------------------------------------
                                             $      37,558   $      63,370
--------------------------------------------------
--------------------------------------------------

LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities
 Accounts payable and accrued liabilities    $      13,060   $      13,156
 Income taxes payable                                  359           2,157
--------------------------------------------------
                                                    13,419          15,313

User funds held on deposit                            6,069           7,929
Future income taxes                                      29             384
--------------------------------------------------
                                                    19,517          23,626
--------------------------------------------------

Minority interest                                     1,226           2,948

Shareholders' equity
 Share capital                                      34,129          33,916
 Stock options                                       7,826           7,633
 Deficit                                           (25,140)         (4,753)
--------------------------------------------------
                                                    16,815          36,796
--------------------------------------------------
                                             $      37,558   $       63,30
--------------------------------------------------
--------------------------------------------------

                           CRYPTOLOGIC LIMITED
          CONSOLIDATED STATEMENTS OF LOSS AND COMPREHENSIVE LOSS
          (In thousands of U.S. dollars, except per share data)

                                       For the three
                                        months ended          For the year
                                        December 31,    ended December 31,
                                     2010       2009       2010       2009
--------------------------------------------------
--------------------------------------------------
Revenue                          $   5,513  $   9,930  $  25,988  $  39,794
--------------------------------------------------
Expenses
 Operating                          5,071     12,563     30,230     39,867
 General and administrative         1,091      2,477      7,561     10,181
 Reorganization                        27      6,184      1,935      7,111
 Impairment of capital assets        (295)     2,689      1,763      2,689
 Impairment of long-term
  investments                           -      2,337          -      6,298
 Impairment of goodwill and
  intangible assets                     -      6,545      3,566      6,545
 Finance                               16         17         65         83
 Amortization                         415      1,111      2,372      4,856
--------------------------------------------------
                                    6,325     33,923     47,492     77,630
--------------------------------------------------

Loss before undernoted                (812)   (23,993)   (21,504)   (37,836)
Interest income                          7         66         80        446
Non-operating income                   185          -        185          -
--------------------------------------------------
Loss before income taxes and
minority interest                    (620)   (23,927)   (21,239)   (37,390)
Income taxes (recovery)/charge
 Current                             (187)     1,229        (27)       664
 Future                               464      2,202        684        419
--------------------------------------------------
                                      277      3,431        657      1,083
--------------------------------------------------
Loss before minority interest         (897)   (27,358)   (21,896)   (38,473)
--------------------------------------------------
Minority interest                      (57)    (2,539)    (1,509)    (2,963)
--------------------------------------------------
Loss and comprehensive loss      $    (840) $ (24,819) $ (20,387) $ (35,510)
--------------------------------------------------
--------------------------------------------------
Loss per common share
 Basic                          $   (0.06) $   (1.98) $   (1.58) $   (2.78)
 Diluted                        $   (0.06) $   (1.98) $   (1.58) $   (2.78)
--------------------------------------------------
--------------------------------------------------
                           CRYPTOLOGIC LIMITED
          CONSOLIDATED STATEMENTS OF (DEFICIT)/RETAINED EARNINGS
                      (In thousands of U.S. dollars)

                                                              For the year
                                                        ended December 31,
                                                         2010         2009
--------------------------------------------------
--------------------------------------------------
(Deficit)/Retained earnings, beginning of period   $    (4,753) $    32,032
Loss                                                   (20,387)     (35,510)
Dividends paid, excluding those paid to CEC
shareholders                                                -       (1,275)
--------------------------------------------------
Deficit, end of period                             $   (25,140) $    (4,753)
--------------------------------------------------
--------------------------------------------------

                           CRYPTOLOGIC LIMITED
                   CONSOLIDATED STATEMENTS OF CASHFLOWS
                      (In thousands of U.S. dollars)

                                       For the three
                                        months ended          For the year
                                        December 31,    ended December 31,
                                     2010       2009       2010       2009
--------------------------------------------------
--------------------------------------------------

Cash flows (used in)/from
Operating activities
 Loss                           $    (840) $ (24,819) $ (20,387) $ (35,510)
 Adjustments to reconcile loss
  to cash provided by/(used in)
  operating activities
   Amortization                       415      1,111      2,372      4,856
   Unrealized gain on forward
    contract                          (45)       (75)         -       (252)
   Impairment of capital assets      (295)     6,709      1,763      6,709
   Impairment of long-term
    investments                         -      2,337          -      6,298
   Gain on long-term investments     (185)         -       (185)         -
   Impairment of goodwill and
    intangible assets                   -      6,545      3,566      6,545
   Future income taxes                464      2,166        684        419
   Minority interest                  (57)    (2,539)    (1,509)    (2,963)
   Stock options                       32         (1)       193        777
--------------------------------------------------
                                     (511)    (8,566)   (13,503)   (13,121)
--------------------------------------------------
 Change in operating assets and
  liabilities
   Accounts receivable and other      281       (236)     2,926     (1,766)
   Prepaid expenses                   279       (458)       484     (2,610)
   Accounts payable and accrued
    liabilities                      (629)     1,631        (96)    (2,287)
   Income taxes
    receivable/payable               (374)     2,932     (1,550)     2,011
--------------------------------------------------
                                     (954)    (4,697)   (11,739)   (17,773)
--------------------------------------------------
Financing activities
 Dividends paid including those
  paid to CEC shareholders              -       (139)         -     (1,381)
--------------------------------------------------
                                        -       (139)         -     (1,381)
--------------------------------------------------
Investing activities
 Purchase of capital assets          (443)        89     (1,065)      (445)
 (Increase)/decrease in security
  deposits                              7          -       (265)         -
 Disposal of capital assets             -          -         21          -
 Purchase of long-term
  investments                           -          -          -       (477)
 Cash received from long-term
  investments                         185          -        185          -
 Decrease in restricted cash            -          -          -      7,175
--------------------------------------------------
                                     (251)        89     (1,124)     6,253
--------------------------------------------------
Decrease in cash and cash
equivalents                        (1,205)    (4,747)   (12,863)   (12,901)
--------------------------------------------------
Cash and cash equivalents,
beginning of period                11,789     28,194     23,447     36,348
--------------------------------------------------
Cash and cash equivalents, end of
period                          $  10,584  $  23,447  $  10,584  $  23,447
--------------------------------------------------
--------------------------------------------------  

25.03.11 10:57

1320 Postings, 4583 Tage xnomisgestern nachbörslich (Westcoast) Gaming approved!

Thursday, March 24, 2011 | 2:49 p.m.

Nevada gaming regulators entered uncharted territory in cyberspace today.

The Nevada Gaming Commission approved the suitability of a relationship between Caesars Entertainment with subsidiaries of an Israel-based Internet gaming company operating in the United Kingdom’s overseas territory of Gibraltar.

The vote was unanimous with Commissioner Joe Brown abstaining because of a potential conflict of interest with his law firm.

Approval of the licensing is considered by many to be a major step for online gaming because in enabled industry regulators to formally acknowledge the ability of the government to oversee Internet casino play.

Commission Chairman Peter Bernhard said he was satisfied that the relationship between the two companies did not violate any state policies or regulations and that it was a suitable association.

By approving the licensing, regulators didn’t change anything for players in the United States. However, the approval does acknowledge that regulators have no problem with Caesars associating with a major Internet gaming company.

The five-member board approved Caesars’ relationship with Cassava Enterprises (Gibraltar) Ltd. and Fordart Ltd., subsidiaries of Internet gaming giant 888 Holdings PLC, which offers online casino games, poker, bingo, sports wagering and social gaming applications in the United Kingdom, France and Italy.

The approval marked the second time a Nevada licensee was approved to have a relationship with an operator under the state’s foreign gaming statutes. In 2007, regulators approved what was then MGM Mirage to conduct business with Pansy Ho and her company in Macau.

Representatives of Caesars didn’t offer many details about what they plan to do with the new relationship with the 888 subsidiaries. However, Caesars owns the World Series of Poker brand and hopes to exploit it in European outlets. If Internet poker is legalized in the United States, Caesars figures to have hardware and software with a leading company in place.

Commissioners asked several questions of 888 officials to get assurances on protections against underage gambling, problem gambling and money laundering. Executives said they have a number of safeguards in place to assure that an Internet player is of legal age. Any accounts with suspicious activity could be shut down quickly by the company.

In other business, the commission approved the licensing of new companies and subsidiaries that will take ownership and operation of the bankrupt Riviera hotel-casino and an unusual licensing of a foreign manufacturer and distributor of roulette wheels.

The commission unanimously approved the licensing of financier Barry Sternlicht, the founder of Starwood Hotels & Resorts Worldwide, to acquire control of Riviera Holdings Corp.

Sternlicht purchased the 2,075-room property out of Chapter 11 bankruptcy protection.

Andy Choy, CEO of the Riviera’s new holding company, told commissioners that the company plans to inject $20 million into upgrading the Riviera’s public areas and focus on customer service in gaming to attract players.

“We’re not going to have a lot of high-end amenities and restaurants, we just want to offer a superior gaming environment,” Choy said.

Choy said the operators plan to capitalize on the Riviera’s status as a classic Las Vegas icon. He noted that with the closure of the Sahara in May, the Riviera will be one of the last “old Las Vegas” properties operating.

The company plans no new room capacity and will rehire the property’s staff. A marketing campaign using social media is planned.

“The property is in better shape than I anticipated,” said new general manager Bobby Ray Harris. “All of the rooms are in pretty good shape.”

The commission also approved a manufacturing and distribution license for Kent, England-based Cammegh Ltd., a roulette wheel manufacturer, to operate in Nevada.  

25.03.11 10:59

1320 Postings, 4583 Tage xnomisToday Hotstock

3:20AM CryptoLogic appoints Deloitte Corporate Finance to assist it with a strategic review of the co (CRYP) 1.21 : This review is at an early stage and will consider a number of strategic options, including the possibility of an offer being made for the co or a disposal of part of the business. The Board wishes to stress that there can be no certainty that any offer will be forthcoming.

so und nun geb ich Ruhe :)  

25.03.11 11:28

1320 Postings, 4583 Tage xnomisMehr News zum Thema :)

LAS VEGAS, March 25, 2011 /PRNewswire-FirstCall/ -- Wynn Resorts, Limited (NASDAQ:WYNN - News) announced today that it has entered into a strategic relationship with PokerStars, the world's largest online poker business.

The companies will first work to secure the passage of federal legislation that will finally and conclusively define illegal internet gambling, provide law enforcement with the tools necessary to stop illegal internet gambling, protect consumers by establishing a robust regulatory environment for the safe operation of online poker by experienced operators, and establish a regime for the assessment and collection of taxes.

Upon passage of this legislation and acquisition of the appropriate license, the parties will jointly operate a regulated, US online poker site under PokerStarsWynn.com.

"After much study, we are convinced that the lack of regulation of internet gaming within the US must change. We must recognize that this activity is occurring and that law enforcement does not have the tools to stop it. As a company that has safely conducted gaming in the US for more than 40 years, we believe that the same can be done for poker on the internet," commented Stephen A. Wynn, Chairman and Chief Executive Officer of Wynn. "Additionally, it is time that the thousands of jobs created by this business and the potentially significant tax dollars come home to the US," Mr. Wynn continued.

Mark Scheinberg, Chairman and Founder of PokerStars, commented, "We have long supported the enactment of local regulatory regimes that protect consumers and provide valuable tax revenues and jobs. PokerStars is closely regulated in many European countries and it has been endorsing the adoption of the same approach in the United States for years, with this alliance representing a critical step in that direction. We are excited about the opportunities that partnering with Wynn, a pioneering leader and innovator in gaming, will present for PokerStars in the United States These opportunities include the rapid ramp up in hiring of a large numbers of professionals in this growing global technology and services sector that will benefit from US talent to keep up with global demand."  

25.03.11 11:55

1320 Postings, 4583 Tage xnomisPremarket 1,45USD - ich liebe es recht zu haben

25.03.11 12:15

1320 Postings, 4583 Tage xnomis1,5 USD

25.03.11 12:34

1320 Postings, 4583 Tage xnomisbid bei 1,4 USD - das wird interessant und zockig

25.03.11 12:38

1320 Postings, 4583 Tage xnomisfette bids bei 5000ter bid bei 1,41USD

25.03.11 12:44

211 Postings, 4252 Tage invest-2011PUSHversuch ...

gääääääääääääähn .....  

25.03.11 12:52

1320 Postings, 4583 Tage xnomistja, hättest du bei meinem 1. Posting gekauft

wärst du schon 10% vorne. *armseeliges planloses geschwätz
das ist die heisseste Aktie an der NASDAQ heute.

Ausserdem:

GIGM
PTEKD

beobachten  

25.03.11 13:09

1320 Postings, 4583 Tage xnomisoh back - explosion, mann pushe ich

geil wie die amis auf mich hören *g  

25.03.11 13:13

1320 Postings, 4583 Tage xnomis1,61 USD

25.03.11 15:10

1320 Postings, 4583 Tage xnomis1,7USD + 40%

nicht vergessen Gewinne mitnehmen.
Der Pusher geht jetzt ins Wochenende, das Teil kann ist very hot und kann locker auf die 2$ heute noch laufen.  

29.03.11 09:15

42 Postings, 4837 Tage girlpower321weiter geht es

gestern Schlußkurs Nasdaq:
2.16 USD entspricht 1,5292 EUR  

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