Adelaide casino might be for sale - Wednesday 23rd of May 2007

AUSTRALIA As reported by the Sydney Morning Herald: "The Adelaide casino could soon be on the auction block, with James Packer's Publishing & Broadcasting Ltd likely to be the only bidder after New Zealand gaming company SkyCity Entertainment Group announced it would sell businesses that were not keeping up.

"Gaming industry players Tabcorp and Tattersall's are believed to be unlikely to bid for the Adelaide casino.

"...Adelaide is unlikely to attract a high price because of the lack of likely bidders and the fact that the casino is located in a heritage-listed building which is almost impossible to expand or renovate.

"...SkyCity made the announcement at an update for analysts and institutional shareholders, where it also revealed a $NZ33 million cost-cutting program aimed at boosting its share price despite effectively downgrading its profit forecast..."

Other news from around the same time

Dealers turn the tables on Wynn - Wednesday 23rd of May 2007

Days after casino boss Steve Wynn notified dealers in a closed-door meeting that frontline superviso....


FIRST AIRPORT BETTING SHOP OPENED - Wednesday 23rd of May 2007

The first airport betting shop in Britain has opened at East Midlands Airport.Creating eight new job....


$23 million Lotto mystery solved - Wednesday 23rd of May 2007

A 12-MONTH investigation involving detectives, accountants, lawyers and government agencies has solv....


Baptist churches learn to coexist with neighbor Seminole Hard Rock casino - Monday 21st of May 2007

When Hurricane Wilma knocked out power at the First Seminole Indian Baptist Church, help came from a....


Labors gambling claims nonsense - Monday 21st of May 2007

ACADEMICS have slammed claims by the State Government it has halved problem gambling and have called....


Casino battle royale - Monday 21st of May 2007

Two of the worlds richest, flashiest casinos soar above rural corners of southern New England, and n....


Joe Hachem Joins Board of the World Poker Association - Monday 21st of May 2007

Joe Hachem, the popular Australian poker pro who won the 2005 World Series of Poker will serve on th....


Exclusive - Camerons views on Blackpool casino - Monday 21st of May 2007

TORY leader David Cameron has told The Gazette he would not support two supercasino licences being h....


UAW files objections against Trump Marina Hotel and Casino - Monday 21st of May 2007

Says company violated workers’ rights to fair and free election The UAW yesterday filed objections w....


Gaming commission ends contractors management of tribal casinos - Monday 21st of May 2007

Employees of 2 casinos run by the Cheyenne and Arapaho Tribes in Oklahoma will take over management ....