Crown has saved USD 1.4billion when they pulled out their bids from 3 US casinos instead of striking a smaller deal.
Larry Gandler, a Credit Suisse analyst said that Crown has a capacity to produce 1.79billion USD acquisition from multiple of 7x earnings before interest, taxes, depreciation and amortization. He also confirmed that Crown saved an equivalent of 70cents per share when they did not proceed with the Cannery acquisition. He estimated that Crown would have been overpaid by 700million USD.
There may be plenty of bargain deals in the US casino market but it is still regarded too risky until revival started to show signs of revival.
Mr. Gandler suggested that Crown should look at the Australian market instead of pushing deals with US and China, where the City of Cream resort is due to open in June. It would be difficult for Crown to deal with potential sellers in the US. Their entry to North America is considered disaster with almost 1billion USD of value vanished.
If team up with Tatts Group, Crown can carve up an entity and they can be able to fund an acquisition to Tabcorp, owner of Sydney’s Star City casino. This deal that has been suggested for years can be a complicated one and can be described as “low probability”.
An analyst of US gambling industry said that the pullout of Crown did not actually reflect poorly on Cannery, which emerges from the rubble of the deal $US370 million richer and still in possession of its four casinos.
“Cannery was one of the rising companies in the gaming industry. Cannery’s going to proceed ahead, this time with a much fatter bank account,” the senior vice-president of Spectrum Gaming Group, Joseph Weinert told the Pittsburgh Tribune-Review.
Crown shares closed at $5.90 on Friday which is 70cents higher.

Every Monday night in March Lucky18Casino hosts multi-level blackjack tournaments starting from March 2, 2009. Each Monday’s “Final Four” gets $1000 in prize money. The April 15th “Big Dance” Championship will award $2500 in cash prizes for a total of $7500.

Lucky18Casino is quickly getting known as a big blackjack tournament venue following its two Blackjack Bowl tournaments that awarded over $50,000 each with $21,000 to the player who got the first prize in each tournament.

Robert Goldman, CEO at Lucky18Casino.com, said that the popularity of the casino’s two BKJK Bowl tournaments showed the Lucky18 management how much players loved blackjack tournaments! He added that tournaments had always been a great way to earn big money risking just the entry fee.

During March the final four players in Monday night tournaments will get free entry to the final “Mano a Mano” Championship that will be on 15th April. The weekly winner will get $500, the second place player will win $250, and $150 and $100 will go to the third and to the fourth place players respectively. Thus there will be 28 winners that will get free seats for the April 15th Championship in which buy-in costs $55. The first prize player will be awarded with $1500. The second prize winner will get $750 and the third and fourth place players will win $500 and $250 respectively.

To participate in the tournament you need to register first. Players can do it in the MultiTournament Lobby at Lucky18Casino anytime until the event. The registration costs $22. All additional information concerning the event is available on the Lucky18Casino homepage just by clicking “Blackjack Tournaments”.

Lucky18Casino.com is powered by Realtime Gaming and welcomes players from every corner of the world, including US players.

Online gaming software developer, Cryptologic, has long been on a quest to exclusively license everything under the sun as an online slot machine. First, it was puzzle games like Sudoku, Cubis and that other one…oh yea…Bejeweled. Then, it was the Marvel Comic superhero’s, followed by some scantily clad games for Playboy. Along the way, there was a slot based on gambling watchdog, Casino Meister, Street Fighter II (the video game), and those wacky 80’s stoners - Bill and Ted. Err…”Bill and Ted’s Excellent Adventure” for all you youngin’s.

So what’s next, you ask? Perhaps reality television slots? How about “Lost Slots”. No wait, I’ve got it - “The Last Slot Machine Standing”. But seriously folks, all jokes aside, you have to hand it to Cryptologic for successfully branding several popular slot games over the years. I suppose their most successful campaign has been the Marvel comic slots, which now include some 10+ games integrated with a wide area progressive jackpot.

That said, just when I thought Cryptologic was about to exclusively license something else, who else but Playtech Software announces they have secured a contract to turn Marvel superhero characters into slot machines. I guess it wasn’t exclusive after all! Yes indeed, Playtech’s CEO, Mor Wizer, recently announced that his company has signed a deal with Marvel to begin branding their own slot versions of the comic book characters, including the X-Men, Incredible Hulk and Iron Man.

It isn’t known just how many of these characters Playtech has the option of developing. However, one thing is certain - Playtech will be giving Cryptologic even more heated competition and a run for their money in the coming months. Just how well they succeed will largely depend on the functionality and graphics of the games themselves. Playtech and Cryptologic are both well known, respected software developers. Likewise, their online casino licensees both actively compete in the same markets. It will certainly be interesting to see how it plays out.