Having been outbid by GVC Holdings and jilted by Bwin.Party Digital Entertainment, Israeli-based 888 Holdings is upping the ante again in what is shaping up as the bidding war of the year.
Meanwhile, Internet gamblers can look forward to a new Android application from Betcade, putting the casino in your pocket as it were. Sheldon Adelson won’t like this and — here’s the best part — it will be unveiled at Global Gaming Expo, which is held in Sands Expo Center. Will Adelson chain himself to the Betcade booth and refuse to let them set up?
* Speaking of Sheldon (and how can we not?), the Las Vegas Sands CEO can glean a silver lining from last month’s dark cloud of Macao casino revenues. Sands China‘s share of the Macanese gaming market is fully 25%, outpacing venerable Sociedade de Jogos de Macau‘s 22%. Despite having the newest product on the market, Galaxy Entertainment fell to third place, with 21%. UBS Securities Asia analysts are predicting slight mass-market player growth in the third quarter, softening the impact of defunct VIP player rooms. The government continues to iterate that Macao citizens won’t lose their yearly distribution of casino revenues, nor will social programs be affected by a partial freeze in government spending. “I am optimistic. If we record a surplus at the end of this year, we will keep the cash-sharing scheme,” said Chief Executive Fernando Chui. Since the falloff in gambling revenue has hit the government’s financial surplus (which stands at $44 billion), Chui’s actions are more proactive than reactive.
* Saratoga Casino Hotel is launching a preemptive strike against Neil Bluhm‘s $300 million Rivers Casino & Resort at Mohawk Harbor by installing electronic blackjack and other faux table games. It’s also scrapped plans for an event center, Saratoga already being well supplied with performing-arts venues.