IGW in Nepal -- IGW Software has licensed its back office software and sports book and casino products to Global Millennium Holdings, a Netherlands Antilles-based operator that has launched Casino Nepal Online to provide the Nepalese and Indian markets with a customized gaming experience. The site offers betting in U.S. dollars and Indian rupees.
Stanley v. Italy -- British gaming company Stanley Leisure, which last year obtained what it considered a victory in the Gambelli case before the European Court of Justice, may be preparing to file a formal complaint with the European Commission. The European Court ruled in the Gambelli case that Italy (and all other member states) could only maintain a monopoly gambling company within its borders if it did so to protect the public and not to raise government revenues. Stanley, however, disagrees with the Italian Supreme Court's ruling in April that the country's restrictive policies prevent problem gambling and gambling-related crimes.
Harrah's Courts Caesar's -- Harrah's Entertainment has signed an agreement to acquire Caesar's Entertainment, effectively creating the largest gambling company in the world. Both companies' boards of directors have unanimously approved a deal in which Harrah's will pay $1.8 billion in cash and $3.4 billion in Harrah's stock for all the shares of Caesar's in addition to taking $4.2 billion of Caesar's debt. Caesar's operates 28 casinos, providing 186,000 square meters of gaming space and 26,000 hotel rooms, while Harrah's operates 28 casinos with about 160,000 square meters of gaming space and 15,650 hotel rooms.