Casino fashions » Gambling news http://casinofashions.com Sat, 24 Jul 2010 07:51:33 +0000 http://wordpress.org/?v=2.8.4 en hourly 1 Taiwan developer launches Diamond Club http://casinofashions.com/2010/07/taiwan-developer-launches-diamond-club/ http://casinofashions.com/2010/07/taiwan-developer-launches-diamond-club/#comments Sat, 24 Jul 2010 07:51:33 +0000 admin http://casinofashions.com/2010/07/taiwan-developer-launches-diamond-club/ Chinesegamer International, a developer and operator of online video games based in Taiwan, has added its first casino style game to its inventory.

The Taipei-located firm launched a free 3D game titled Diamond Club this week on its Chinesegamer.net website, which principally serves the online gaming demand from Hong Kong and Taiwan.

The company claims the game, which features casino graphics, is the first online 3D casino game to be offered in the Taiwan market.

Chinese Gamer International Corp. is a research and games development company that also operates online games in the Asian region. Previous titles have included Hero Online, Huang-Yi Online, Love Box Online, Jinyong Online, Wonderland Online, Ba Online, The Brave Song Online and Dragon Tiger Gate Online, among others.

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Three year agreement to educate athletes signed http://casinofashions.com/2010/07/three-year-agreement-to-educate-athletes-signed/ http://casinofashions.com/2010/07/three-year-agreement-to-educate-athletes-signed/#comments Sat, 24 Jul 2010 07:51:11 +0000 admin http://casinofashions.com/2010/07/three-year-agreement-to-educate-athletes-signed/ The British Athletes Commission (BAC) has signed a 3 year agreement with online gambling group Betfair, establishing the betting firm as the Commissions first ever official sponsor.

The two organisations will seek to educate and raise awareness among elite athletes in all Olympic, Paralympic and world class disciplines regarding betting related issues and the role they can play in preventing corruption in sport.

The BAC is delighted to announce Betfair as its first sponsor, their support will be vital in ensuring athletes receive a key strand in their ongoing education, as Olympic and Paralympic sport becomes ever more professional, said Pete Gardner, chief executive of the BAC.

Karen Pickering, the BAC chairperson added: At a time when the IOC has just agreed on a series of recommendations for Olympic sport, I am delighted that the BAC will be working with Betfair to educate British athletes in how they can prevent corruption and protect the integrity of sport.

David Yu, the chief executive at Betfair, commented: We are delighted to be working with the BAC, a vital step in our ongoing efforts to safeguard the integrity of sport. We have seen that there are very few integrity issues when betting on sport is entirely transparent, and when sportsmen and women understand the rules in place and the penalties for breaking them.

This partnership gives us a unique opportunity to work together in educating athletes in the run up to the 2012 Olympics in London.

The project came about after the BAC approached Betfair, which will assist by producing educational material and presenting at the next BAC conference.

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Bulgaria casinos, gambling affected by crisis http://casinofashions.com/2009/12/bulgaria-casinos-gambling-affected-by-crisis/ http://casinofashions.com/2009/12/bulgaria-casinos-gambling-affected-by-crisis/#comments Tue, 08 Dec 2009 19:31:25 +0000 admin http://casinofashions.com/2009/12/bulgaria-casinos-gambling-affected-by-crisis/ As reported by The Sofia News: “The gambling industry in Bulgaria has also been affected by the global economic crisis.

“This has become clear at the Balkan Gambling Industry Exhibition opened Monday.

“Many casinos and gambling halls are facing bankruptcy because of the decreased number of visitors.

“‘Since the beginning of 2009, we have been witnessing a trend of gambling halls closing down’, Dimitar Terziev, Chair of the State Commission on Gambling, said…”

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Privé gets 90-day liquor license http://casinofashions.com/2009/12/prive-gets-90-day-liquor-license/ http://casinofashions.com/2009/12/prive-gets-90-day-liquor-license/#comments Tue, 08 Dec 2009 19:14:25 +0000 admin http://casinofashions.com/2009/12/prive-gets-90-day-liquor-license/ County commissioners Tuesday approved a 90-day liquor license for the Privé nightclub at Planet Hollywood Resort while Las Vegas police continue a background investigation of the club’s new owners. The investigation could cost the owners $15,000 and 18 months to complete.

Commissioner Steve Sisolak questioned why the investigation will take so long and if it will place a financial burden on the owners.

“Is there nothing we can do to speed this up?” Sisolak said. “In fairness to the individuals, I don’t know what the cost of this is, but when it gets dragged out for this length of time, it would seem it would be enormous.”

Business license director Jacqueline Holloway estimated the cost of the investigation, which will include sending as many as three police detectives to Miami, where the owners operate other businesses, at $10,000 to $15,000. She added that it customarily takes a year or longer to complete investigations of large applicants, especially if they are from another state.

Barry Reinink, a detective with police special investigations unit, said officers “want to do their due diligence in looking at every aspect of those businesses.”

Police officials need to complete background checks on two of Privé’s owners and three managers before the club can be issued a permanent license.

The owners of Privé, and the ultralounge The Living Room, will need to return to the county commission in early January for another license hearing.

“We’ve worked so hard with Metro, Planet Hollywood and business license,” Privé attorney Jay Brown said. He said the club will be scrutinized while it operates under a temporary license and could be closed quickly by county officials if new violations surface.

“The good thing about the temporary is that it also allows us to take prompt and precise enforcement action if we find something wrong,” Holloway said.

The club was shut down by the county in late July after its liquor license was revoked because the resort and club were found to be failing to “abide by the duties of a liquor licensee.”

Privé reopened four weeks later under a 30-day license after the new owners were in place.

The clubs were cited for three violations, which included allowing topless and lewd activity to take place on site, in 2008 by the Business License Department.

Privé has agreed to reimburse Planet Hollywood $375,000 of a $500,000 fine that was issued by casino regulators, who said the resort did not “maintain sufficient control over” the nightclub.

The resort will have to pay an additional $250,000 fine if a similar complaint is filed before July 31, 2011.

Holloway said the club’s new managers, as well as management from Planet Hollywood, have been “aggressive” in monitoring Privé and The Living Room since the club was closed this summer.

Privé is owned by Miami-based Opium Group.

Five commissioners approved the 90-day license, with commission Chairman Rory Reid not voting.

Commissioner Lawrence Weekly voted against the motion without comment.

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Stanford owes Vegas casino US$250,000 http://casinofashions.com/2009/09/stanford-owes-vegas-casino-us250000/ http://casinofashions.com/2009/09/stanford-owes-vegas-casino-us250000/#comments Sun, 20 Sep 2009 16:30:23 +0000 admin http://casinofashions.com/2009/09/stanford-owes-vegas-casino-us250000/ The famous Bellagio Casino in Las Vegas has hosted many of the most famous – and infamous – gamblers in the world. One of those players is now potentially facing a long prison sentence for playing with other people’s money.

According to court reports, Sir Allen Stanford owes the Bellagio over US$250,000 in markers. Mr. Stanford is currently facing charges of financial fraud by orchestrating a “Ponzi scheme” on his investors.

The holding company that manages the Bellagio has filed suit to recover US$258,000 from loans the casino paid out to Mr. Stanford for use in the casino last January. A month later, when the casino sought repayment on the markers, Mr. Stanford’s checks were returned due to insufficient funds. The casino also seeks to recoup the 18% interest rate on the loans plus court costs.

Mr. Stanford, who previously ran his “Stanford Investment Group” out of an office in Houston, is currently sitting in a prison cell in Texas. US Justice Department officials have charged Mr. Stanford with numerous counts of investment fraud and money laundering while he lied to his customers about the rate of return on certificates of deposit issued by his bank based on the island of Antigua.

Among the accusations that Mr. Stanford faces is that he operated a “Ponzi scheme”, also known as a “pyramid scheme”. In such a scheme, the person perpetrating the fraud engages an initial wave of investors, promising unrealistic return rates on their investments. After a second wave of investors buys in, the perpetrator pays the first wave with the second wave’s money. The process continues with each successive wave of investors.

Dick DeGuerin, Mr. Stanford’s attorney, stated that the reason that his client could not repay the Bellagio was that federal law enforcement officials seized his assets. Mr. DeGuerin sent a message to a newspaper in Britain, where Mr. Stanford received an honorary knighthood, stating that Bellagio should pursue the federal government and the company receivers to recover the debt.

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