Happy 20th to the Mirage Hotel and Casino.

Author: Chris  //  Category: Online Casino News

The MGM Mirage has made a name for itself on the Las Vegas strip. This hotel and casino gambling venue is now in its 20th year and is still standing and going strong. The initial casino hotel resort was constructed for a mere $620 million by the now famous casino owner Steve Wynn. At the time it was built it was the newest and only casino created within the past 15 years. The excitement of this new complex was equivalent to that of MGM’s latest casino resort complex, the city center.

The Mirage casino was built in the 1980s and it was great skepticism about how this large, to be able to survive due to its financial need. It has been estimated at the time that it would need to make $1 million a day in order to turn a profit. At the time of construction of the Mirage, there were two camps about the future of the Mirage Hotel and Casino. One side stated that there was no way that the casino could possibly succeed, whereas the other side stated that if it does succeed it will take business from all of the other casinos on the Las Vegas strip.

After the launch of the MGM Mirage casino and hotel resort, other casino hotel started popping up on the Las Vegas strip. This was truly the first of its kind and inspired many other casinos to follow its path once they realized that success could be made by stepping outside of the box. Following the Mirage were Excalibur, MGM Grand, Monte Carlo, New York New York, the locks are, the Venetian, Paris, Mandalay Bay, the Bellagio and many more. Without the Mirage Hotel and Casino standing tall, none of these other properties would dare to create something this extraordinary.

Steve Wynn, the founder of the Mirage Hotel and Casino that suggestion from a fourth-grade class and that nearly one year the company has now become an vital piece of history of the Las Vegas strip.

Stan James Offers Online Gambling Affiliate Programs.

Author: Chris  //  Category: Online Casino News

Stan James, one of the online sports betting companies based out of the United Kingdom has recently launched a new affiliate program to expand the current database. Stan James has made a name for itself by being one of the top live in running sports ambling firms that pioneered a new way of gambling.

The affiliate program will be powered by income access, one of the top online affiliate marketing programs that hopes to create long partnerships with their affiliates in order to build towards future progress. Income access will take care of the public relations and marketing as well as advertising for the online sports betting company, providing them with many necessary tools such as banners, videos and content.

· New affiliates can now register and help promote through dedicated managers, accurate conference of statistics and tracking, commission paid on referred players for life, Affiliate Promotions And Competitions, Excellent Conversion & Retention Rates, and Free Xml Sports Feeds.

By offering these new affiliate programs, online gambling company hopes to make all their affiliates feel like partners and share in the success of the online gambling world. Through the assistance of the online marketing company, income access they will be able to efficiently market and advertise their companies and help promote the brand.

Income access will also offer its online reporting and tracking software that allows affiliates the ability to keep up-to-date reports on the progress and the hits on the online site. Stan James will continue to offer promotions to invite the affiliates joining the program and keep them interested as a main source of revenue and marketing.

Affiliates may also stay in the loop to the new online home page, ‘Info Zone.’ this page was created to offer all information that affiliates need inefficient manner. This user-friendly version will show affiliates the upcoming promotions as well as the latest news and a weekly blog. The online version of this will give tips and tricks to the online affiliates to help them market their business and optimize the World Wide Web.

Fontainbleau Casinos Still Up for Grabs Part II

Author: Chris  //  Category: Casino Games

The initial bid of Penn national gaming for the Fontainbleau Casino resorts was a mere $50 million. This agreement came with a revolving loan of $51.5 million for expenses. After this initial lowball him out, Icahn stepped in with a figure of $136 million to purchase the casino resort that is still not finished. Penn national gaming’s response to this figure was to up the ante to $145 million. At this point I national gaming assume that they would secure the property, until Icahn returned with a number of $156.5 million. At that point, Penn national gaming dropped out on their bid for the casino leaving Icahn the only competitor for the auction.

Spokesperson Joe Jaffoni of Penn national gaming stated that they would participate in the option and would not further any bids until that point. The latest news on the interest of Penn national gaming for the casino is that they are not sure now whether or not they’ll compete to take over the casino resort property at the auction.

Penn national gaming had been preparing to purchase the casino resort and figured that there did would be enough to secure the property. The past few months have been spent diligently acquiring a Nevada gaming license that would allow them to open the casino and operate a full gambling facility. Now with all the technical pieces in place, they just needed to secure the property and that must be more challenging than I thought.

Icahn is very familiar with buying and selling casino properties ever since he sold out the stratosphere making nearly a $1 billion profit. Now he’s looking to get back in again and sees a prime opportunity to do so. According to union gaming group spokesperson, Bill Lerner, he is not surprised that Icahn is making a bid for this property and it seems like a perfect fit for him. His reputation for taking on casinos that are distressed and turning them into an asset in the future appeared to be what his skill set revolves around. Icahn now owns 8 casinos but he keeps running until he feels the need to dump them for profit.

Fontainbleau Casinos Still Up for Grabs Part I

Author: Chris  //  Category: Casino Games

The Fontainbleau casinos continue to be a source of disagreement for many companies. Initially Penn national gaming placed a bid that appeared as though we’re going to take over the casino company without any issues. Fontainbleau recently had filed for bankruptcy and is looking for someone to bail them out of this process.

Initially Penn national gaming was one of the only large companies showing interest in these casinos, but when there logo offer came through, many other companies were coming out of the wood works to see what the final product would be of this casino company. Once Penn national gaming place their bids, Carl Icahn jumped into the bidding war. Icahn was formally the owner of the stratosphere Hotel and Casino and threw in his bid of $156.5 million. The bid is placed through the Nevada gaming along with the United States bankruptcy court.

This silent jump into the bidding war for the casino came unexpected Penn national gaming and could cause quite a stir in upcoming months. At this time the Fontainbleau Casino resort stands unfinished on the Las Vegas strip and is predicted to take one point $5 billion-$2 billion in order to complete the project. The casino resort holds 3889 rooms and still sits nearly 70% complete. The 63 story building went into an indefinite holding pattern when the Fontainbleau casino company lost their funding in order to finish the project. At the time $800 million were cut from the company that were desperately needed to finish the casino.

The Fontainbleau casino resort will be auctioned off as of January 21, 2010. Now that Icahn has joined the bidding war for the casinos, his will be the opening bid unless another company jumps in to the war. Icahn’s previous experience with the land-based casinos in the Las Vegas area gave him quite a bit of an edge to other companies that may be getting on the property.

Multi-Language Casino Games offered at 7 Sultans.

Author: Chris  //  Category: Online Casino News

One of the top online gambling casinos, 7 Sultans of for itself as it constantly work its a company through press releases showing a rental changes that happened in the company. By constantly keeping its name at the forefront and has expanded to become one of the most well known names in the online casino business.

Recently noted for its top-of-the-line customer service, 7 Sultans continue to grow and expand its casino business throughout the world. Now it is offering the ability to play these online games in many different languages, therefore making it more accessible and appealing throughout the rest of the world. Currently the online Casino holds the record for being the longest running online casino on the Internet today. As one of the first casinos it has prided itself on its customer service and the ability to provide a large variety of games and consistent customer service.

Now with the ability to choose your own language in which to gamble in online casino, players will have the ability to enjoy the games in English, German, Italian, French, Spanish, Greek and Portuguese. The ability to tackle each one of these markets will make it one of the few online casino gambling companies that can transfer money and languages back and forth without any obstacles. In the past it has been a challenge to translate and make online banking transactions in different languages, and still many of the casinos offered today are specializing in one specific language. The ability to offer more than one language will cause the smaller casinos to lose many customers due to their lack of flexibility.

The multicurrency format that is offered through this online casino allow players to involve themselves in the many online gambling promotions and bonuses that they were not previously able to access. Now each player can be treated like a VIP and join the ranks of many in their attempt at winning the progressive jackpot games in the welcome bonuses. This online casino offers many of the traditional gambling games such as craps blackjack and roulette as well as many more.

Las Vegas casino vendors up their game to remain competitive Part II

Author: Chris  //  Category: Las Vegas Casinos

Other vendors have been supported by the casino industry and have continued to grow alongside it for many years. The key to success was to continue to provide services for the growing land-based casino market, no matter what the demands of individual casino companies work. By providing these services to those companies, they could in turn flourish from a mom-and-pop store to numerous warehouse operating, full functioning business.

Such was the case with Charlie Jackson who began his business in 1959 providing meat, poultry and dairy products to the casinos on the Las Vegas strip. Now Jackson is the current chief operating officer of Shetakis Wholesalers who has maintained their business throughout the entire growth of the casino industry in Las Vegas.

Unfortunately for these vendors, they have been facing the same economic decline that the casinos have faced. As the sole provider for many of these casinos, when they cut back on their demand, the profits continually sink. The casino industry has faced over 20 months of decline due to the economical situation in the United States. Dominic Caldara, president of Get Fresh Produce stated, “We made some changes in our operation early to streamline the business. But we also dropped any communication stumbling blocks with our customers. We’ve worked together to make adjustments.”

These are the necessary changes that need to be made in order to keep up with casino industry in whatever phase it falls under financially. The land-based casinos are realizing that customer service is key to keeping loyalty throughout the tourism industry. Open communication and consistent service are bringing back many of the customers, however this is a time that the casinos need to focus their attention on streamlining their business and maintaining customers. Businesses such as Caldara’s have not expanded beyond the casino industry, therefore not placing all their eggs in one basket so to speak. By extending out to other companies, they are able to offset the decline in the economy that is happening to the casinos.

Las Vegas casino vendors up their game to remain competitive Part I

Author: Chris  //  Category: Las Vegas Casinos

Many businesses have grown out of the casino industry in Las Vegas, Nevada. Best entrepreneurs saw potential growth and huge profit in the future of Las Vegas, they have moved and opened up. Shops that support the casino and gambling industry. The key to getting in on these parties was strike it hard and fast and in the infancy stage of Las Vegas.

One such vendor, Jack Gill, talked his father into helping him open a printing shop in Las Vegas in order to cater strictly to the casinos. In doing so they would provide any type of print advertising and any products with casino names that they could produce. The process began by focusing strictly on the casino industry in Las Vegas until they built up enough revenue to expand their business.

Fast-forward 37 years, and Gill’s printing is still in business closing off the Las Vegas strip and the McCarron international Airport. Growing from Gill and his dad, they hired one employee to make cold calls back in the 70s as business expanded. Now the business employs over 90 people and he still dedicates a portion of his business to the casino industry. As the demands of the casino industry grew, Gil had to up his game in order to be competitive in the printing market and continue to cater to the casino industry that was proving its growth.

Gill invested over $2 million in order to remain competitive in this casino market. Among the renovations that he had to make for computerized mailing system and machines to mass mail in order to acquire new customers. This company grew from a two-man production into a three warehouse business supported wholly by the casino industry. “The direct mail business is probably why we are still here,” said JoAnn Gill-Grady, Victor Gill’s sister and the business’s vice president and sales manager.

Lottomatica online gambling begins its upswing.

Author: Chris  //  Category: Las Vegas Casinos

One of the top online lottery gambling providers, Lottomatica has recently revealed that through the first three quarters of 2009, but has shown a 14% year on year increase. This brings their year on year total to €1.592 billion. The net earnings for this online lottery company have also shown an increase of 4% in the first three quarters for their net earnings before interest, tax, depreciation and amortization.

The online lottery company has been working to consolidate its debt and has already pushed €750 million towards a refinancing of its current financial situation. According to chief executive officer, Marko Sala, “Gruppo Lottomatica has just completed a quarter in which we enjoyed significant commercial success.” They attribute their success to creating one of the largest online lottery names in Italy, therefore making them to go to company and the largest company in town. At this point they have nearly 20% of the lottery terminal licenses throughout Italy and will continue to expand. In the past year they have also been able to capture what the licensing which will allow them to enter different markets including that of the United States.

For the online lottery and scratch cards, continued growth has been part of the process. As the begins anew through new markets in multiple languages and multiple cultures they are able to access different jurisdictions and increase their profits. The scratch card game and online lottery appears to be a system that will be around for a long time.

As the economy continues to sag, governments are opening their doors to this type of online lottery and scratch card game. The hopes of the governments are that they will fill in the much-needed gaps that are being created by the holes in the economy. Even though the economy is sinking, online lottery companies still are making a profit and in fact are showing a steady increase in their profit generating.

Slot gambling has potential in Kentucky.

Author: Chris  //  Category: Casino Games

As the interest in gambling both online and in land-based casinos continue to grow within the United States, many states are putting out feelers to find out how the locals feel about bringing in this new entertainment with in their areas. Recently, Kentucky has been going back and forth about whether or not to allow slot machines at the Kentucky race tracks. These gambling machines could turn a huge profit for the racetracks and possibly keep them from going under.

A recent study done in Kentucky found that in the event that the bill can go to the floor, the locals are supporting the gambling machines to be placed at the racetracks. By having the voters in favor of this gambling activity, Kentucky has a chance of pushing through and achieving their goal. The governor has not mentioned how many Republicans would support this bill, as it has been one that has been traditionally voted against by this group.

Governor Steve Beshear has been outspoken about the slot machine gambling at the racetracks as a positive thing in order to keep the racetracks in business. At this point, where the economy stands it is difficult for racetracks to compete with other venues without having the additional revenue generated by the casino slot machines. By adding the slot machines to the racetracks they can draw in the much-needed revenue to turn around the financial status of the racetracks.

Around the nation we are seeing many land-based casinos and racetracks closing due to their financial situation. With tourism being down, there are fewer people visiting the racetracks for gambling purposes. By adding slot machines to the racetracks they could add incentives to draw more customers in, as well as maximize the amount of gambling while they are there. The next step now is to see whether or not the bill will make its way to the floor in the next election.

Illegal gambling at Yonkers Raceway.

Author: Chris  //  Category: Online Casino News

In this day and age, many people are looking to balance out their finances in any way they can. Sometimes this means participating in illegal gambling or fix match gambling. In the sports arena, this is becoming a large problem and many countries are beginning to crack down on those that are gambling illegally. As we have witnessed in the Las Vegas casinos, customers will come in and try to beat the system by cheating. Although they seem to get away with it for a limited amount of time, security cameras and safety officers have figured out many of the scams and now on top of deck and casinos.

Now the kindling in sports is such a big issue, people are being caught. Such is the case at the Yonkers Raceway where employees were trying to pull a scam intimating gain. According to officials the investigation has begun about tellers who are accused of illegally placing their own bets while on the clock. As would seem common sense, the tellers are not allowed to place leaders while they are at work shoe to the fact they have an unfair advantage over other customers. Their insider knowledge on the clock can be a hindrance to those that are placing opposing that.

In this gambling fraud, the tellers have been suspected of not only placing their bets while at work, but placing the backs of some of the harness racers as well as some of the owners. This unfair advantage will be looked into by police investigation and could end up involving many parties. The management of the Yonkers Raceway track are participating in the gambling investigation and will most likely unveil a whole chain of command that has been violated due to this action. The Yonkers Raceway also includes a casino in many new promotions for the end of the year. The impact of this case could effectively shut down the Raceway for a limited amount of time or possibly further depending on how many and who is involved in this investigation.

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