Harrah's closes UK gambling site
By emily
Harrah's Entertainment has suspended its online gambling site based in the UK after suffering losses of $9.3 million last year.

This is the second time the gambling giant has failed to tap into the online craze. 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.

Harrah's spokesman David Strow said, “The site was discontinued because it was losing money.”

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.

Lucky Me featured an identification process that prohibited bets from U.S. residents as well as from other countries where Internet gambling is prohibited.

Strow said the gambling bill and legislative concerns didn't factor into the decision to abandon the Web site.

 
 
 
 
 
Online Casino News.com provides online gamblers with information on online casino gambling, sports betting tips, wining casino tips, internet casino reviews, sports odds, matchups, results, editorial and much, much more… We also have an industry insider’s section including Internet gaming press releases, a calendar of events and gaming industry news.
Bluff Europe: Europe's leading Poker Magazine brings you the latest Poker News, Player Interviews and all the best Online Poker offers Poker in the Park: Europe's largest Poker Festival.