Legal Stuff -- CryptoLogic subsidiary WagerLogic Ltd. today announced that it has reached a settlement with William Hill and Julian Menashe regarding a United Kingdom patent claim for Menashe's Internet gambling technology. All three parties stated that they are happy to have the matter agreed upon. The settlement terms were not released to the public. "I am delighted that the matter has been resolved on terms fair to everyone concerned, avoids further expense and allows all parties to capitalize on the growth of the Internet gaming market," Menashe said.
Ch-Ch-Ch-Changes -- Park Place Corp. is changing its name to Caesars Entertainment Inc. , citing research done by the Las Vegas-based company showing that the name "Caesars" is the best-recognized casino resort brand in the world. Park Place President and CEO Wallace R. Barr said the change would help the business leverage new marketing projects and international expansion. "We believe that the new name also will aid our recruitment efforts and facilitate new relationships with partners, vendors and sponsors," he said. "For all of these reasons, becoming Caesars Entertainment clearly is the right thing to do." Park Place operates the Caesars Palace casino as well as Bally's, Flamingo, Grand Casinos, Hilton casinos and Paris Las Vegas. It employs 54,000 people and operates in five countries.
US Bit -- Kenilworth Systems Corp. has been granted a U.S. patent for simulcast of live, in-progress casino table games as of June 20. Let the lawsuits begin. The company reports that it is waiting for patent approval in "most countries of the industrialized world, including China and Russia."
Names and Faces -- Christine M. Cournoyer is being appointed to GTECH Holdings Corp. 's board of directors. Cournoyer was most recently the president and CEO of Lightbridge Inc. , a provider of mobile and online business solutions.