- Gambling News
28 October 2009First State-to-State Wide Area Progressive Gaming
This is a network linking Indian Casinos Nationwide! LAS VEGAS, NV, Oct 28, 2009 (MARKETWIRE via COMTEX) — ATIG | Quote | Atlantis Internet Group Corp. (PINKSHEETS: ATIG | Quote | announced today that it would launch the nation’s first intertribal, state-to-state, wide-area progressive gaming network linking Indian Casinos nationwide. Progressive gaming means that a percentage of the money played by each player in any of the casinos in the network is added to a combined jackpot.Read full article
26 October 2009Massachusetts: To Act or not to Act on Casino Gambling Delays?
The State of Massachusetts, despite the generally recognized need for lawful gaming in the state, is still at least three years away from implementing any gambling law. While promises for action have come from all corners, including the governor, state Representative Brian Dempsey says that legislators are moving slowly to be sure that they give the state the best results from the legislation.The State of Kansas went through a similar process.Read full article
25 October 2009Can They Raise the Stakes In Atlantic City?
Atlantic City… the name brings to mind images of glistening casinos, bright light and never ending excitement. A few years ago, that image would have been true. Today, however, is another day. Fortunes have changed and the gaming machines stand silent, and one casino, Harrah’s, is offering to send their frequent gamblers out west to Las Vegas. One gambling executive even says that Atlantic City is in a “death spiral”.Read full article
24 October 2009Preemptive Strike on UIGEA Rules Launched by Barney Frank
I am sure all the banks and financial institutes are awaiting the decision on this one. The big day is quickly approaching to start the implementing of the UIGEA rules. Representative Frank has put his attention back on this after all the other urgent matters that had to be put first.Frank along with 18 others sent a formal letter of request to Timothy Geithner, the Treasury Secretary and to Ben Bernanke, the Federal Reserve Chairman.Read full article
22 October 2009Dikshit is Selling PartyGaming Shares
Makes you wonder if he is doing this to pay off his debt to the US Treasury. Maybe he thinks this will lighten his sentence. We will see what happens. LONDON, England — As reported by Bloomberg: “PartyGaming Plc founder Anurag Dikshit will sell up to 75 million shares in the company through his Crystal Ventures Ltd. vehicle.Read full article
21 October 2009More and More States are Betting on Gambling to Boost Economy
With more states are opening up to the idea of gambling as a way to help with the economy. With the taxes that are brought in from land based Casinos and online could help raise the economy back to where it should be. LAS VEGAS, Nevada — Gaming has found a surprising benefit from the nation’s continuing economic recession.Read full article
20 October 2009Sacramento Tribal Casino Lavish Rewards for Repeat Players
Patrons of tribal casinos in the Sacramento area are feeling the love and gratitude of the casinos. The casinos are offering regular customers, both small and high rollers, incentives to keep returning. Gifts are ranging from toaster ovens and visits to the buffet, to cars, trucks and cash, and everything in between. The freebies, called special rewards club programs, are competitive and geared to bring back the regular players who are most likely to keep returning.Read full article
16 October 2009Land Based Gambling Shifting to Online?
This is a question that land based casinos are asking themselves, especially since Vegas saw revenues drop for the twentieth month in a row. October 14, 2009 (CAP Newswire) — Bad news disguised as good news? Reports continue that the status of land-based casinos, particularly in U.S. gambling mecca Las Vegas, are continuing to plummet. In August alone, the casinos dropped 9.3 percent in revenue, representing the 20th straight month of losses.Read full article
15 October 2009Shares Plunge in Macau Gaming
The government of Macau has caused the financial world a mild heart attack. They have announced that they were going to raise the minimum entry and employment age for the casinos from 18 to 21. They also announced a cap to the total number of gaming tables in Macau and also relocated slot machines to commercial areas. By the middle of this year, there were 4390 gaming tables in Macau. A bill to raise the age limits wills be submitted to the Legislative Assembly within a few months.Read full article
14 October 2009Could This be Bad News For Industry From China?
The economic turndown in the world economy has hit everyone, including the gaming industry. In Las Vegas, convention business was down 30.2 percent for the past year. Visitors to Vegas were down 3.7 percent, for 15 consecutive months for falling numbers. Room occupancy was down 6.2 percent for the last year. Add to that, MGM Mirage’s City Center project is expected to open by the end of the year, adding another 6000 rooms needing to be filled to the problem.Read full article