News on Gambling

Slots have gotten looser, not that the average gambler can tell

2010-03-17T02:17:42Z

<div><p> While the recession has slot players tightening their spending habits, Nevada casinos appear to be loosening up.</p><p>From 1995 through 2008, the percentage of wagers kept by Nevada slot machines crept up while the percentage paid out to players declined. Last year that trend was reversed, with slots paying back 93.9 percent of wagers versus 93.8 percent in 2008.</p><p>Such minute differences mean little to...

LESS BANG FOR THEIR BUCK Plunging return on investment makes new Vegas resorts a luxury companies cannot afford Diminishing Returns Returns on new resorts have plummeted as earnings drop in the recession. 5% 2009Õs dwindling return. Even before the recessi

2010-03-16T02:16:07Z

<div id="subtitle">Plunging return on investment makes new Vegas resorts a luxury companies cannot afford</div><div><p> HarrahÕs Entertainment is spending about $100 million to buy the Planet Hollywood resort from a nearly bankrupt neighbor and reinvest more money into the property.</p><p>It spent $60 million to build five posh swimming pools that open Friday ...

Nevada still at center of the gaming tech world

2010-03-16T02:15:50Z

<div><p> Although the United States has lost millions of manufacturing jobs, Nevada has remained the global leader in a manufacturing niche — gambling equipment.</p><p>More than half of the global gaming supplier industry is in Nevada. These companies make the casino industryÕs most iconic products: slot machines, table games and green felt layouts, card-shuffle machines,...

Calif. man sentenced for bilking $7M from casinos

2010-03-15T20:15:48Z

<div id="subtitle">California man sentenced for leading ring that bilked $7 million from casinos across US</div><div><p>A San Diego man who led a card-cheating ring that bilked dozens of casinos out of $7 million was sentenced Monday to nearly six years in federal prison.</p><p>Phuong Quoc Truong has acknow...

States go all in, expand gaming to plug the budget

2010-03-15T12:45:33Z

<div id="subtitle">Roll the dice, not once, but twice! States expand gaming to plug recession-battered budgets</div><div><p>Faced with a drop in gambling revenue, states are adding games, considering new casinos and increasing lottery options — anything to keep their cut of the profits rolling in.</p><p>States are adamant that they don't want to take advantage of anyone, but with budgets in free-fall and tax increases a losing hand politically, lawmakers ackno...

Gambling for Revenue

2010-03-15T12:32:53Z

In this photo taken March 8, 2010, Doug Lull, 49, of Des Moines, Iowa, plays at Prairie Meadows Casino in Altoona, Iowa. Faced with a drop in gambling revenue, states are adding games, considering new casinos and increasing lottery options to keep t...

Play Roulette Games ? 4 Simple Steps to Get You Started With Online Roulette Games

2010-03-15T18:18:36Z

Unlike conventional or land roulette games, online games give players like you the luxury of gambling without actually setting a foot out of your home. You get all the thrills by just sitting in front of your computer and clicking your mouse here and there. However, the only thing missing is the atmosphere of the real life casino; you don?t hear the noise coming from other gambling tables and you certainly don?t hear the sounds of music playing or dice rolling on tables. <br><br>...

MGM Mirage to drop Atlantic City casino

2010-03-13T10:15:17Z

<div><p>MGM Mirage has confirmed it will unload its stake in a US casino resort to settle a fight with US gaming regulators over the company's Macau business partner.</p><p>MGM said it will sell its half stake in the Borgata...

MGM to leave NJ over questions about Asian partner

2010-03-12T13:15:33Z

<div id="subtitle">MGM Mirage agrees to NJ's request to sell Borgata over ties to Asian casino mogul's daughter</div><div><p>MGM Mirage said Friday it will sell its 50 percent stake in Atlantic City's top casino and stop doing business in

Online Roulette ? the Basics of Playing Roulette Online

2010-03-12T04:01:27Z

Roulette is an exciting game that has been a favourite among notable gambling fans since the 18th century. No wonder it is rumoured that a young Napoleon Bonaparte was mesmerized by its creator?s ingenuity - in making the game so captivating, that he spent a chunk of his time in Monte Carlo playing it. It is a gambling game known for its simple design and how effective it is in stirring up nervousness and excitement within i...

Play Roulette - a Brief Description of Places You Can Play Roulette at Your Convenience

2010-03-12T03:39:33Z

If you are a big fan of roulette and searching for places you can play the game at your convenience, then you?ve come to the right place. This article is aimed at providing a brief description of places where this can be achieved. Some of the best places include both online and offline casino locations.<br><br>Rome Online Casino<br><br>For years everyone has been drawn to the popular casinos such as those in Las Vegas,...

Free Roulette ? Why You Should Play Free Roulette Before Trying the Real Deal

2010-03-12T03:16:04Z

You may already know that a lot of money can be made by playing roulette. However, you need to be sure to know exactly how the game is played to avoid losing money. With that said, you need to practice playing the game over and over until you master it to a reasonable level. The good news is, you can do this by playing free roulette and it doesn?t take much effort on your part to master the game if you put your mind to it.<br><br>Playing free roulette will expose you to exactly th...

Board must balance cuts, its reputation-control mission

2010-03-11T02:15:53Z

<div><p> The recession has slashed casino profits and taxes, and it has made the job of regulating Nevadas casino industry tougher.</p><p>Many troubled gaming operations simply transfer to new owners rather than go out of business, and manufacturers continue to churn out new products for a global marketplace of increasing numbers of casinos.</p><p>And gamblers, also feeling the pressure of the recession, are more suspicious of whether casinos are trying to che...

Pinnacle to close the President by July 1

2010-03-10T14:32:08Z

<div id="subtitle">Pinnacle agrees to close the President Casino in St. Louis by July 1</div><div><p>After a long battle to keep open the President Casino in St. Louis, Pinnacle Entertainment changed course on Wednesday and agreed to close the aging gambling boat by July 1.</p><p>The President's closure will leave one of just ...

Blizzards bury AC casinos in bad financial news

2010-03-10T12:45:20Z

<div id="subtitle">February blizzards leave Atlantic City's casinos buried in bad financial news</div><div><p>The snowiest month ever recorded in Atlantic City kept would-be gamblers frozen in their homes in February, contributing to a 15.7 percent decrease in casino revenues.</p><p>The 11 casinos in the nation's second-largest gambling market took in $261.6 million last month as three major snowstorms ...

jet

2010-03-09T17:19:36Z

Reality stars Sammi Giancola and Ronnie Magro of 'Jersey Shore', host saturday night at JET nightclub located in the Mirage Hotel and Casino Las Vegas, Neva...

Atlantic City's Tropicana sale to Icahn done deal

2010-03-08T14:20:23Z

<div id="subtitle">Atlantic City's Tropicana in hands of billionaire investor Icahn after 2 years of wrangling</div><div><p>It took more than two years, nearly $12 million in fees to lawyers and others and a billionaire's bargain-basement bid, but the Tropicana Casino and Resort has been salvaged by its sale to Colorado casino owner Centaur files for bankruptcy protection; casinos remain open</div><div><p>The company that owns Indiana's Hoosier Park casino and horse track is putting its Colorado casino up for sale as it works to revamp its payments on at least $574 million in debt under its filing ...

Tropicana sale expected to close today

2010-03-08T11:15:19Z

<div id="subtitle">Sale of NJ's Tropicana casino to billionaire Carl Icahn expected to close today</div><div><p>It took more than two years, nearly $7.8 million in fees to lawyers and others and a billionaire's bargain-basement bid, but the Tropicana Casino and Resort has been salvaged by its sale to Carl Icahn, with a deal expected t...

Largest casino in Ala. reopens; judge blocks raid

2010-03-05T18:46:03Z

<div id="subtitle">Largest casino in Ala. reopens, judge blocks raid in latest chapter of state's gambling fight</div><div><p>Alabama's largest casino reopened Friday, shortly after a judge ruled that the governor's anti-gambling task force could not raid the gambling hall or seize any of its 6,400 electronic bingo machines.</p><p>The doors to VictoryLand in Sho...