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Most Recent Online Casino News
Harrah's Casino Shuts Down Gambling WebSite
Harrah's Entertainment Inc. has suspended the operations of an online
gambling site based in the United Kingdom after posting losses of $9.3
million last year. The move marks the second time a Las Vegas casinos
giant has tried and failed to tap into the lucrative Internet gambling
market.
The site, called Lucky Me, was introduced in November 2003 for
British bettors and was suspended in October, the company disclosed
Tuesday in its annual report to shareholders.
Rather than the typical method of gambling for money, the Web site
allowed players to access as many games as possible -- with new games
offered every seven-and-a-half minutes -- with a monthly subscription.
Gamblers paid from about $17 to $84 per month for access to bingo and
other games with cash prizes ranging from $8.50 to $1.7 million.
Harrah's in January said it would dissolve a partnership with Gala
Group Ltd., a U.K. bingo hall operator, to build casinos in Britain
after lawmakers there significantly restricted the number of casinos
that can be built under a pending gambling bill. The bill, in its
present form, is expected to allow up to eight Las Vegas-style resort
casinos.
At the time of the Gala deal, Harrah's and other U.S. operators were
optimistic that more casinos would be legalized. But concerns about
problem gambling and a proliferation of neighborhood casinos led to a
more restrictive gambling bill than had been anticipated.
Read the
entire article at:
Las Vegas Sun
2004 Online Casino News Archive
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