Online Gambling Growing in Russia

Russian government officials said there is a rise of "surrogate" gambling technologies, such as lottery machines and Internet gambling, three months after some restrictions were imposed on the industry. 

"We are seriously concerned about the rise of surrogate technologies," Moscow deputy mayor Sergei Baidakov said during a media briefing.

The deputy mayor said nearly a third of Moscow's 525 casinos and slot machine halls have opened "lottery parlors" to sell instant lottery tickets, whilst the number of Internet cafes providing access to online gambling resources has risen three times since July.
Since July 1, gambling has been confined to four special zones.

Government threats to clamp down on gambling began in 2006 under then-president Vladimir Putin. Putin is now the Russian prime minister, but, the former KGB operative is believed to run the government, nonetheless. 

Deputy mayor Baidakov said the budget had suffered little from the disappearance of gambling, with tax revenues down 0.5 percent.
"It's nil,” he said.

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New Casino Ready To Open in West Va.

New Casino Ready To Open in West Va.
The casino plans to open with table games this week pending approval from the West Virginia Lottery Commission, Greenbrier spokeswoman Lynn Swann said.

Resort officials also planned to open Prime 44 West, a restaurant serving steakhouse favorites, seafood and southern-style desserts. "It's very exciting," Swann said. "It's just a great time to be here."

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West Virginia Lottery officials were at The Greenbrier this week to help hotel staff and plan to schedule a walk-through of the casino, Lottery spokeswoman Nancy Bulla said.

"We understand that the hotel would like to offer limited games by the first of October," Bulla said. "But as a regulatory agency we have to be absolutely certain that every I is dotted and T is crossed under the statute and rules and regulations governing The Greenbrier's casino operation.”

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As prosperity returns, Macau casino operator plans share offering

As the fortunes of casino operators show signs of rebounding after a poor start in June, a leading Macau casino proprietor Melco Crown Entertainment Ltd. is moving forward with big plans to raise up to $220 million by issuing American Depositary Receipts (ADRs).
Yesterday, the company said it would offer 37.5 million ADRs, each of which represents three regular shares, but didn't say how much money it hoped to raise. It has an option to issue an additional 3.75 million ADRs depending on consumer demand
The firm's shares already trade on Nasdaq. On Tuesday, they closed down $5.15, down 12 cents.

Melco Crown, a joint venture between Hong Kong-listed Melco International Ltd. and Australia's Crown Ltd., runs the Altira Macau and City of Dreams, which accommodates a Grand-Hyatt, a Hard Rock cafe-style casino and hotel and 420,000 square feet of casino floor with 520 gambling tables – which is located right across the street from Sheldon Adelson's giant Venetian Macao casino-resort project in Macau's Cotai area.
Macau stock market analysts are closely watching City of Dreams' performance as an indicator of whether the Cotai area, a once-barren strip of reclaimed land south of Macau's traditional gambling center, can become a new driver of growth, as backers like founder Adelson are forecasting.

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