• Trump Rejects Online Casino's Offer

ATLANTIC CITY, New Jersey – As reported by the Press of Atlantic City: "Donald Trump's troubled casino company doesn't want to place its fortunes in the hands of an Internet gaming operator. "Trump Hotels & Casino Resorts Inc. is saying thanks, but no thanks to a surprise $400 million investment offer made last week by Casino Fortune, which bills itself as the world's oldest online gaming company. " …[Scott C. Butera, Trump Hotels executive vice president] wasn't sure whether Casino Fortune's purported offer to buy a 31 percent stake in Trump Hotels was a legitimate business deal or an elaborate publicity stunt, although he said he suspected the latter. "Casino Fortune, based on the Caribbean island of Trinidad, made its offer following a failed attempt by Trump Hotels to secure a $400 million bailout from investment banking giant Credit Suisse First Boston's private equity fund, DLJ Merchant Banking Partners III. "Trump Hotels is looking for investment partners to help it restructure a $1.8 billion debt load that threatens its survival. Negotiations continue with bondholders to reduce the debt and free up desperately needed cash that would be used to rejuvenate the three outdated Trump casinos in Atlantic City. "…[Casino Fortune spokesman David M. Singer] said Casino Fortune views Trump Hotels as an investment opportunity that would allow it to expand its gaming operations to the United States. In addition to its Internet gaming business, the company runs eight land-based casinos in the Caribbean, Europe and Africa…"

> Read the full story here Source : PressOfAtlanticCity.com

• Compulsive Gamblers Lose Again, In Court

Professor I Nelson Rose is recognized as one of the world's leading authorities on gambling law. His website is www.GamblingAndTheLaw.com. 'If it wasn't for bad luck, I wouldn't have no luck at all.' 'Born Under A Bad Sign' by Booker T. Jones & William Bell When a compulsive gambler sues a casino, the legal question usually comes down to one issue: Does the gambling operator owe a duty to protect the gambler from himself? The answer is - No. Operators may owe a duty to the state. But at least in Indiana, a casino owes no duty to a compulsive gambler, even if the gambler's name is on the casino's list of players it is required to exclude. In an unusual coincidence, three different courts issued opinions on this same question during the first three months of 2003. All three decisions were as strong as they could possibly be, in favor of the casinos. The facts of cases involving compulsive gamblers are often tragic. Sometimes, however, what is a tragedy to the individuals involved looks more like a dark comedy to outsiders. Take the case of Mark Merrill. His suit is the most important, because it went all the way up to the federal Seventh Circuit Court of Appeals, the Court below the U.S. Supreme Court. Merrill's problem is not only that he is a compulsive gambler. He also robbed banks. He blamed the bank-robbing on Donald Trump. [...]

> Read the full story here Source : OnlineCasinoNews.com

• From Pizza To Chips For Online Poker Ace

THEY say gambling is a mug’s game, but try telling that to a Hertford man who sets sail this weekend on a $10,000 luxury cruise he won in an online poker game. As well as relaxing on board the 86,000-ton liner Mediterranea with his wife Reena, Kalpesh Patel will be playing for high stakes on the high seas as he competes to win $250,000 (£140,000) in Europe’s biggest ever floating poker tournament. Best of all, he will not be gambling with a penny of his own money. Kalpesh scooped the prize after a marathon session on his computer, in a tournament he paid just $20 (£11.20) to enter. “It took me five-and-a-half hours of solid play to qualify, but amazingly every hand I decided to bet on I won. It was an incredible run,” he said. Takeaway owner Kalpesh will be swapping pizza for chips as he tries to bluff his way to the jackpot at the expense of some of the top poker faces around. His opponents will include Britain’s greatest ever player, Dave ‘The Devilfish’ Ulliott, and Sweden’s Erik ‘The Salmon’ Sagstrom, the biggest ever online poker winner, but no-nonsense Kalpesh said he will not be adopting a ridiculous nickname in a bid to gain notoriety — not even the Pizza Parlour Poker Player. [...]

> Read the full story here Source : Herts-Essex-News.co.uk

• Carmen Highlights Unseen Points Of Report

The Carmen Media Group, owner of Belle Rock Gaming's seven online casinos, three online poker rooms and online sportsbook, responded swiftly to the media coverage generated in response to the publication of Global Betting and Gaming Consultant' third annual report. Media coverage focussed on what is described as a 'gambling frenzy' particularly within the UK, and largely attributed to the growth of online gambling with a corresponding increase in women players. Carmen Media CEO, Tim Johnson, commented: "We always find GBGC's annual report makes interesting reading. The media response is naturally sensationalist: We can certainly confirm that there is increased interest in online gaming as an entertaining leisure pastime, and that many of our customers - and interestingly our most successful winners - are women. "What was not highlighted by the media, and in my view needs emphasising,is how this report makes clear that clever online gaming operations are facing a very rosy future indeed. Companies like Carmen Media are leading the industry in developing ever more watertight security. We take our position with regard to responsible gaming very seriously, and believe that we offer adults across the world a new, fun and highly entertaining leisure option. "As the report underlines: those companies that are likely to be winners in the future are those possessing a combination of best marketing and cost effective technology. It just so happens that my company, Carmen Media, is centred on both these skills."

> Read the full story here Source : ATEOnline.co.uk

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