Resorts & Casinos industry news provided by Financial News USA (OTC: FNWU). The recently announced LOI with Diamond I, Inc. (OTCBB:DMOIE) was included in the presentation on the strategic benefits of the transaction with the WiFi and Wireless Gaming firm. David Loflin, CEO of Diamond I, told shareholders that the "E" currently appended to the Diamond stock symbol will be removed this week due to its pending financial filing. Diamond I and NewMarket have entered into a letter of intent (LOI) to combine WIFI operations.


More than two months after receiving a $15 billion buyout offer, the board of Harrah's Entertainment Inc. (NYSE:HET) will meet this week to evaluate all offers it receives through Tuesday, according to a person with close knowledge of the matter. The offers being most seriously considered are from the original bidders, private equity firms Apollo Management Group and Texas Pacific Group, and a leveraged recapitalization plan proposed by Harrah's management. Casinos in Atlantic City, New Jersey, won 1.6 percent more money from gamblers in November compared with a year earlier, the state's Casino Control Commission said on Monday. Several casino companies, including Harrah's Entertainment Inc. (NYSE:HET), Trump Entertainment Resorts Inc. and a joint venture between MGM Mirage (NYSE:MGM) and Boyd Gaming Corp. (NYSE:BYD), are upgrading their properties in the city. Gamblers in Las Vegas hit a winning streak in October, holding the month's casino revenues from gambling in Nevada to an increase of less than 1 percent, the state's Gaming Control Board said on Monday. Prominent Las Vegas Strip properties include casinos operated by MGM Mirage (NYSE:MGM), Harrah's Entertainment Inc. (NYSE:HET), Las Vegas Sands Corp. (NYSE:LVS) and Wynn Resorts Ltd. (Nasdaq:WYNN).


About Financial News USA


Financial News USA is a Next Generation Financial Communications firm focused on the distribution of market moving news. Financial News USA has developed leading edge e-publishing tools including programming proprietary RSS feeds and enabling open source press release publishing across its network. Financial News USA has been aggressively expanding its news distribution network by targeting direct feeds to financial news and data providers such as FinancialContent, Yahoo (NASDAQ: YHOO), among others. Financial News USA offers a free news feed available online (www.financialnewsusa.com) to websites and financial services looking for content and for individual investors looking to stay informed on the financial markets. Financial News USA and its affiliates charge each client cash for news distribution and may take an equity position in the companies mentioned herein, please visit the disclaimer at www.financialnewsusa.com Contact Information:


Financial News USA


Tel: (626) 961-8067


Email: info@financialnewsusa.com