Another Casino Fortune Takeover Bid
Published: Friday, July 08, 2005 Online-Casinos.com
ANOTHER CASINO FORTUNE "TAKEOVER BID"?
Or is it all just for publicity's sake?
Tom Timmerman, a writer for the US publication Post-Despatch is a canny journalist
who seems to have seen through Casino Fortune's latest claim to PR fame.
Commenting on Casino Fortune blurb claiming an intention to purchase a multi-million
dollar US sports team, Timmerman described Casino Fortune as an online casino
with a history of making offers but never closing a deal.
He goes on, "But it's hard to consider the proposal for the Blues by Casino
Fortune as anything more than a publicity stunt.
"The company, which has its headquarters in Trinidad and is licensed in Antigua
and Barbuda, has previously made offers to buy the Cleveland Cavaliers, the Phoenix
Suns and "The Charging Bull," the statue of a bull that has become emblematic
of Wall Street.
"The company once offered Donald Trump $400 million for a 31 percent share
in his casino company and made an offer to NASA to purchase a seat on the space
shuttle. No sale was ever completed.
"When the company made a late bid to buy the Cavaliers, NBA Commissioner
David Stern dismissed the offer as irrelevant. When the Trump deal didn't happen,
a Trump spokesman told the Las Vegas Sun that the offer reporters were told about
differed greatly from the bid presented to the company."
Casino Fortune President Dennis Rose seemed unperturbed by the revelations. "Occasionally
we've had problems," he told Timmerman regarding his company's apparent inability
to close a deal. "We've been outbid, and some years ago people were a little
bit cynical about the revenues with online gaming. Now they're convinced how big
it has become."
The offer was announced in e-mails sent to members of the media, which is not
the way transactions of this sort are usually handled.
The release said that a "letter of intent" had been sent to Blues owner
Bill Laurie and that Blues management and the NHL "have not yet responded
to repeated inquiries" from the casino."
The company's Web site lists many stories written about the company, even those
dismissing their offers as being farfetched, which lends credence to the belief
that the bid is an effort to get the company's name in the paper, reports Timmerman.
"Hopefully we'll hear from them very soon," Rose said.
Told that he probably would be waiting a long time, Rose said, "I'll sit
here with some rum and Coke."
