The 700 million euros project could have a delay of at least six months
(Hungary).- The deadline for the start of operation of a 700 million euros casino complex to be built near Hungarian border with Austria could be overstepped if Austria demands an environmental impact study for the project, business daily Vilaggazdasag reported last week.
Currently, the Martínez Sampedro family controls the 71% of the capital of the firm
(Spain).- Current owners of Codere, Martínez Sanpedro family, has made an offer to repurchase up to 20 million euros of the bond issuance of 340 million they performed through a family society Masampe Holding. The price of the repurchase of titles will be fixed next December 17th.
Casino revenues were up 22.6 %
(Poland).- Polish Ministry of Finance has released results for the gaming industry in 2007. Total revenues for all forms of wagering reached over us$ 4.3 billion.
Sources of both firms said that cooperation will be mutually beneficial
(Slovenia).- Alsart Group and Royce & Bach signed the partnership agreement under which they are introducing a series of new products to CIS markets, where Alsart is the largest gaming operator with a wide chain of venues, including street operations, partnership projects and its own slot shops.
The presentation show will be performed in a hall in Victoria
(Spain).- Garaipen Victoria Apustuak starts operating in Euskadi last week, after having obtained the technical homologation by the Direction of Games and Shows of the Basque Country, last November 12th.
With regards to the same period in 2007
(Spain).- Leisure and gaming group Cirsa has obtained, in the first nine months of the year, an operational benefit (Ebitda) of 49 million euros, which supposes an increase of 18% with regards to the same period last year.
Legislation will be introduced in early 2009
(Spain).- During the opening of Castilla y León Gambling Congress in Coreses, Spain, Councillor of Justice and Home Affairs, Alfonso Fernadez Manueco, has confirmed that the governing council of the Spanish community of Castilla y Leon will set out legislation to regulate private online gaming in the region.
Blocking payments to foreign sites
(Switzerland).- Benno Schneider, president of the Swiss Gaming Board, has called for a lifting of the ban on online gaming for national operators in order to test and monitor their quality, and to test the viability of generating revenues from taxes on domestic providers.
Missael Lundqvist has been recruited to head the Spanish office
(Spain / Sweden).- Swedish online poker network provider Entraction Holding has announced the opening of a local office in Madrid to meet the strong demand for its products in southern Europe. It stated that Madrid was a natural choice due to its many existing and potential partners already in Spain.
Investment in projects to build gambling sites in the designated areas has been slow
(Russia).- More than 1,000 casinos have been closed down in Moscow in the past 18 months under a law passed last year to move gambling from large cities to far-flung regions, a Moscow government official said on Friday.