Gaming Bourse Decides Not to Float
The Gaming Bourse, a new global betting exchange for financial, commodities, media, political and sports betting markets, announced a month ago that it planned to raise £5 million by floating on the Alternative Investment Market of the London Stock Exchange, but is now abandoning those plans. Reports say the company had hoped to tempt investors with free wagers.
Angelciti Handle and Win Still Rising
Worldwide Management, a subsidiary of AngelCiti Entertainment (OTC.AGEL)
recorded a gross win of over $809,000 on handle of over $18 million during the first five months of 2004.
World's Largest Casino Company
MGM Mirage (MGG) has placed a $4.8 billion bid for rival Mandalay Resort Group (MBG), and the boards of both groups have approved the acquisition. The combined company would surpass Caesars Entertainment as the world's largest casino company. Executives hope to close the deal by the first period of 2005.
Reports Released
Canadian software supplier Chartwell Technology Inc. (TSX.CWH) continues to make progress. The company's un-audited financial results for the second quarter ended April 30, 2004 reveal a 40 percent increase in revenue to $1.98 million, a 31 percent increase in operating income to $517,000, a 418 percent increase in earnings to $580,000, and a 400 percent increase in earnings per diluted share to $0.05, as compared to the second quarter of 2003. At the close of the quarter on April 30, Chartwell had no debt, total cash (including short term investments) of $4.76 million and $6.15 million in working capital.
Chartwell Technology Inc. - Second Quarter Report