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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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