• Park Place's Chief Executive Resigns Under Pressure

LOS ANGELES -- Thomas Gallagher, chief executive of the Las Vegas casino giant that owns Caesars Palace, resigned under pressure Tuesday. In his place, Park Place Entertainment Corp. (NYSE:PPE - News) directors named Chief Operating Officer Wallace R. Barr to the post. The move puts a seasoned casino operator into the job in place of Mr. Gallagher, an attorney and the former general counsel of Hilton Hotels Corp. (NYSE:HLT - News) . Mr. Gallagher's sudden departure was cemented at a board meeting at Bally's casino in Atlantic City Tuesday, according to people familiar with the situation. Park Place board members and investors have been increasingly unhappy with the company's lackluster performance. Park Place owns several gambling jewels, including the Las Vegas Paris casino and Caesars, which is arguably the most famous name in gambling. [...]

> Read the full story here Source : Yahoo.com

• Rank Interactive Gaming reveals weekly gambling of £1.5m

The interactive arm of Rank Group, the national gaming and bingo firm, is attracting weekly gambling levels of more than £1.5 million online. According to a trading statement for the four months to 2 November 2002, gaming stakes and placed bets on Rank Interactive Gaming’s web sites exceeded the figure each week. Set up by the entertainment and gaming brand towards the end of 2001, Rank Interactive Gaming comprises fixed-odds betting and gaming site Rank.com and casino site HardRockCasino.com. [...]

> Read the full story here Source : RevolutionMagazine.com

• Plans for Dome Casino Trumped

Online Casino News reports that plans to use the Millennium Dome as a huge casino cannot go ahead because of outdated British legislation. The Dome has already cost £800 million. It was given away to Anschutz Entertainment in May this year in return for a share of future profits. But a specific rule bans huge casinos the size of Caesar’s Palace from Britain. Anshutz Entertainment had hinted that it would consider a casino as part of its redevelopment plans and it known that Park Palace Entertainment, the world’s largest gambling company, was looking at the Dome as a possible first step towards moving into Britain. It was expected that the move would bring in millions in profits. AEG Europe’s managing director Detlef Kornett said, “In order for the casino to be built, the legislation needs to change and Greenwich Council needs to give its approval.”

> Read the full story here Source : OnlineCasinoNews.com

• Hope for Regulation not Prohibition Bill

Sportingbet CEO Nigel Payne has welcomed the new bill in Congress that rejects prohibition of online gambling as ‘ineffectual’ and promotes regulation of it, particularly regarding underage and problem gamblers. Mr Payne said in a statement released Thursday, 'We are delighted at the introduction of this proposed legislation. “Whilst this bill represents just the start of what is likely to be a long process towards regulation, we believe that we can now begin to move beyond unsuccessful prohibitive legislation and start to focus on regulating the industry in a proper manner. The bill was introduced by US representative John Conyers Sr., the ranking member of the House of Representatives’ Judiciary Committee, on the last day of Congress. Sportingbet believes it will be reintroduced at the start of the 108th term, early next year. In the US, bills must be passed prior to the adjournment of Congress, or the process starts from scratch next time around. [...]

> Read the full story here Source : OnlineCasinoNews.com

PLAY & ENJOY NOW the most favored online casino by American players! Las Vegas USA Casino offers everything you wish from a Las-Vegas-style online casino - a generous 150% bonus up to $3,000 at welcome, more than 120+ thrilling and fun games with fast and various blackjack tables, huge progressive jackpots and much more - discover today one of THE BEST ONLINE GAMING DESTINATION ACTUALLY!