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Casinos in Macau benefit from the government's decision to hold licenses from now on. Giving a new meaning to lucky firsts.
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A huge chunk of software firm PartyGaming is up for grabs this week, following news that its four founders are selling substantial numbers of their shares.
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Bet Fair, the online casino group that signed a deal with Softbank, is fast emerging as one of the most successful new companies in Britain.
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Software provider Playtech has gone public this week with a $460 million IPO out of the company's estimated value of $960 million. Playtech's move means that 46 percent of the company is now available for purchase by the public. Teddy Sagy, owner of Playtech, is following other big gambling companies with this IPO.
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Freddi Robinson, one of the first Israeli owners of online casino software firm Playtech, sold his shares in the company four years ago before the online casinos boom. Subsequently, Robinson lost out on making his fortune when interest in the industry skyrocketed.
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The online casino industry is about 10 years old and while some say that it is still in its infancy and has plenty of growing to do, others predict the bubble may soon burst.
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A Bush proposal that "could act as an incentive for companies to start paying dividends and that would attract a whole new class of investors, those looking for dividend income"...
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