UK
gambling site
halted by
Harrah's
March 3
Harrah's
has shut-down an
online gambling site
in the United
Kingdom after losses of
well over $9 million
from 2004.
This is not the
first time a large
Las Vegas casino
company
has failed
to succeed in the
booming Internet
gambling sector.
MGM Mirage did the
same in 2003.
The failing online
gambling site
involved, Lucky Me, was
put online late in 2003.
It was designed for
UK bettors and was
reportedly halted
back in October of
2004, just under a
year from it's
inception. The news
came during Harrah's
yearly report to its
shareholders two
days ago..
It is thought that
perhaps the actual
method of gambling
on Lucky Me lead to
its demise. Instaed
of betting for money
with money each hand
or game, Lucky Me
let
players play as many
games as they wanted
at a rate of new
games being offered
just about every 7
minutes, with a
monthly
subscription.
Members shelled-out
anywhere from $17 to $84 per
month for unlimited
access to online
games like
bingo with cash
prizes worth
anywhere between
just over 8 dollars to $1.7
million.
