New Zealand Regulations Hurt Gaming Operators - Friday 27th of January 2006

NEW ZEALAND – As reported by New Zealand Stuff: "Official figures out yesterday show increased regulation is hurting gaming operators like Sky City Entertainment.

"Annual gambling statistics, released by the Department of Internal Affairs, showed spending on the main forms of gambling fell by 0.6 per cent from a record high of $2.039 billion in 2003/04 to $2.027 billion in 2004/05.

"Most telling for Sky City was a 2.5 per cent fall in casino gambling to $472 million - the first annual decline since casino gambling started in the early 1990s.

"Sky City has a virtual monopoly on local casinos, and owns the Darwin and Adelaide casinos in Australia, as well as cinemas and hotels.

"…Regulations seeking to curb problem gambling have forced New Zealand's largest casino company to retro-fit slot machines to limit high dollar notes.

"…A ban on smoking, now in place for over a year, was expected to hurt earnings until 2007.

"…Lotteries Commission products dropped by 0.7 per cent and non-casino gaming machines by 0.8 per cent…"

Other news from around the same time

Sportsbook.com Offers Super Bowl Betting Trends - Friday 27th of January 2006

DETROIT, Michigan – Super Bowl XL is less than two weeksaway and sports fans the world over are....


Arizona Lottery Drawings Air - Friday 27th of January 2006

PHOENIX, Arizona –- Beginning Wednesday, Feb. 1, players cantune-in to ABC15 to view the Arizon....


Stanley Leisure Reports Attendance Up - Friday 27th of January 2006

UNITED KINGDOM – As reported by Ireland Online: "Gaming group Stanley Leisure said today the numb....


Ameristar Casinos Reports Growth in Earnings - Friday 27th of January 2006

LAS VEGAS, Ameristar Casinos, Inc. (Nasdaq: ASCA) today announced 2005 fourth quarter and annual....


Casinos Open Arms for Asians with Open Wallets - Monday 6th of February 2006

The lunar calendar unleashes the Year of the Dog on Sunday and Las Vegas casinos hope to take a bite....


MGM Mirage Exec Honored at the 14th Annual Trumpet Awards - Friday 27th of January 2006

LAS VEGAS – Lorenzo Creighton, President and COO of MGM Mirage's New York-New York Hotel and Ca....


U.S. Poker Series Hosts Charity Tournament - Friday 27th of January 2006

ILLINOIS – U.S. Poker Series today announced that it will be hosting a charity Travelin' Texas ....


First Automobile Awarded In Addition To Prize Pool At Borgata Winter Poker Open - Friday 27th of January 2006

LOS ANGELES If you thought the million-dollar first prizes at virtually every stop on the WORLD ....


Calder Race Course Forced to Suspend Simulcast Operations - Friday 27th of January 2006

MIAMI GARDENS, Florida Calder Race Course ("Calder") announced today that it has been forced to ....


888.com Sponsors World Snooker Championship - Friday 27th of January 2006

GIBRALTAR – 888.com, the world's number one online casino and online poker room, will sponsor t....