Much has been said about MGM Mirage’s backpack toting CEO. Jim Murren brought CityCenter to life and possibly saved the MGM Mirage Casino empire. He may seem a little less formal than your typical casino executive, but he has nothing on “Rockin’ Don.” Harrah’s Entertainment has a guy out in Atlantic City, that breaks the mold of casino heads. Don Marrandino is the new eastern regional president of Harrah’s Entertainment and that puts him in charge of all four of Harrah’s casino properties in Atlantic City. Every good casino boss needs to be aware of how lure customers in and get them to spend, but every once in a while one must wonder how one’s voice sounds on the new Donny Osmond single.
Marrandino has the resume you would expect from a casino president. He has traveled from Atlantic City to Las Vegas to Reno and back to Las Vegas. He has worked for brands like Bally’s Station, Hard Rock, and Wynn. Eventually he was running five Strip casinos from Caesars Palace. That’s pretty good.
Here’s the impressive part. He’s partied with former Van Halen front man, Sammy Hagar, opened a bar with country singer, Toby Keith, calls Night Ranger singer, Jack Blades, his “little big brother,” and help revive the careers of Donny and Marie Osmond when he booked them to an extended run at the Flamingo Casino. Donny Osmond described Marrandino as “Mr. Too Cool for the Room.”
This sounds like fun, by Rockin’ Don has a serious job. He has to find a way to revive Harrah’s Entertainment’s Resorts and Casino in Atlantic City. He believes he knows how, put the “entertainment” back in Harrah’s Entertainment. “Entertainment can help lead the way out of this,” he said. He’s already booked rapper Snoop Dogg into the House of Blues, and is trying a cooking show with chef Emeril Lagasse.
He also is not shy about stating how he thinks Atlantic City can revive its image. He considers the boardwalk to be a top asset and it is not what it should be. “People walking on the Boardwalk need to feel safe and see it clean.” He is also for buying up the houses that are run down in the tourist area. In any case, Rockin’ Don is going to make his mark in Atlantic City and Harrah’s Entertainment….and a Donny Osmond song.
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Casino Bill the Difference in PA State Workers Keeping Jobs Part IIAuthor: Chris // Category: Casino GamesFortunately, lawmakers in Harrisburg did seem to come to an agreement of sorts. Assuming that is passes a vote in the legislature and is signed by Pennsylvania Governor, Ed Rendell, 1,000 state employees jobs may be saved. The table games bill is not even close to saving the drained economy of Pennsylvania, but it is step forward in generating much needed revenue. There are more interested parties then are casino licenses to hand out. The debate stems between whether new licenses should be created for the interested parties or if competition would be the best way to settle the matter. It would seem on the surface that more casinos would mean more revenue, but the majority party and many of the existing casinos claim that an over saturation of gambling would drive down the value of the properties.
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Casino Bill the Difference in PA State Workers Keeping Jobs Part IAuthor: Chris // Category: Casino GamesThere has been a heated congressional battle going on in the Commonwealth of Pennsylvania. Even though it has not been highly publicized or made CNN or the evening news, it has all the makings of good old bickering and politicking. At the heart of the matter is a gambling license, a state revenue fall out, and the jobs of a thousand state employees. On the surface it looks as simple as ‘pass this bill or people loose jobs.’ However, in reality, state politicians are looking out for their districts even though it may be at the expense of their state.
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SoFL Airport Loses Bid to Host Casino Slot Machines Part IIAuthor: Chris // Category: Online Casino NewsAlmost the entire notion of gambling at Miami International Airport was grounded, however, when the Florida rejected the application for a parimutuel license. The official word from the Florida Department of Business and Professional Regulation spokesperson, Jenn Meale, stated, “All requirements must be met in order to be issued a permit, and in this case, three requirements were not met.” Without the parimutuel license the airport will not be able to apply for a slot license. Airport officials were hoping to bring in as much as $17 million a year from passengers waiting at the airport.
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SoFL Airport Loses Bid to Host Casino Slot Machines Part IAuthor: Chris // Category: Online Casino NewsMiami International Airport is in a bind. They are mounting up debt and are strapped for cash. The South Florida Airport has undergone extensive and much needed renovations and now the operating cost, including debt service, is reaching $600 million. It is also projected to reach $1.1 billion by the year 2015. MIA officials have been brooding over several options in an attempt to help generate much needed revenue for the maligned, yet busy, airport. The latest was an “out of the box’ idea as stated by Miami-Dade County Commissioner Carlos Gimenez. Miami International Airport wanted to house the popular gambling activity of slot machines.
Anyone who has flown into Las Vegas knows the second you step out of the plane you can begin gambling by throwing a buck or two in a slot machine while you wait for your bags. It seems like a good idea. Passengers are either bored or delayed, and this is entertainment. The idea is a little different in Florida where gambling laws are not as liberal as Nevada. In order for the airport to host slot machines they needed to exploit a loophole in the state’s parimutuel laws. In Florida, race tracks area allowed to apply for a permit to have lottery style slot machines. All MIA had to do was prove that they were in the horse racing business. They did their best. After much debate the took the notion that they could quarter horse racing at one of the nearby tracks.
Unfortunately, some of the other gambling institutions in the area took exception to the proposal and tried to drown the idea before it got started. “We feel that we’ve been negatively impacted by just the aura of putting slot machines at MIA,” said President of Flagler Dog Track, and Magic City Casino, Barbara Hecht Havenick. She, and others like her, feel that banks are won’t lend money to their business if there is too much competition. Havenick’s properties are trying to complete some renovations. Debates in Miami-Dade County were heated, but at the end of the day a 9-3 vote passed the application on to the state government in Tallahassee…to be continued…
Bonuses and special offers can shape a companies business. Think about it. When was the last time you walked into your local grocery store and didn’t see a sale item or a buy one get one free offer? Hotel and resorts offer special room rates if you come at a certain time of year or stay for a certain time. Car dealers are always having some kind of special promotion. Even movie theatre offer benefits to frequent viewers like free popcorn or admission tickets. Casinos, as most know, are the exact same way. It is what separates one brand from another. There are prize give-a-ways, progressive jackpot games, tournaments, shows, and accommodations should the casino include a resort. Online casinos do the same with seasonal promotions, and game releases. From the United Kingdom, Platinum Play is the latest online casino to announce its package of special promotions. Platinum Play is known for their promotions and they have done their job by attracting new customers and retaining loyal ones. Their current list of promotions include:
The International Slots League provides Platinum Play Online Casinos with an international scale tournament league of slot play. The enhanced number of players means higher jackpot levels. Plus, it adds the fun of knowing the player is engaged with others like them from around the world.
To attract new players to their online casino, Platinum Play has its share of “New Player” bonuses. The most notable is 1500 free bets. All a player has to do to qualify is open an account and click “Start Free Bets.” The player then has one full day to win as much as they can. Anything over the 1500 credits is the player’s to keep up to a maximum of 100. In the same category (and a common occurrence with most casinos) is the “Refer a Friend” bonus. Players can earn £100 for every friend who registers opens an account.
You Pay…We Pay is may be the biggest online casino promotion to come along. Platinum Play members have the chance to win free gambling for a year. This is a limited time event set to expire January 3, 2010.
The Boyd Gaming Corporation has been able to make it through the current economic slowdown. They have been able to prosper and are actually looking to expand. It has been no secret that over the past year, Boyd Gaming Corporation has been publicly trying to acquire the casinos, properties, and assets held by Station Casinos. Boyd Gaming has sited their financial success and flexibility several times in an attempt to make a profitable bid for Stations Casinos. Their most recent bid came to about $2.35 billion in cash and absorbent of Station Casinos debt. For the price Boyd wants all the Station Casino properties, assets, and even some of the vacant land held by Station.
Recently Boyd Gaming Corporation announced that they have amended their agreement with the banks in an attempt to improve their financial flexibility. They are wishing to pursue “growth opportunities” which can translate to the Station Casinos. Chief Executive Officer for Boyd Gaming Corporation, Keith Smith, said, “This amendment was done with full consideration of our recently announced proposal to acquire the assets of Station Casinos.” This was not a move required by Boyd’s lenders, but it comes across as a positive step and a reaffirmation of Boyd Gaming’s commitment to growth. According to their website, boydgaming.com, they state, “Never content to rest upon our successes, we will continue to evolve and retain a position of leadership in our industry.”
The amended agreement will leave Boyd Gaming Corporation with close to $1 billion within Boyd’s credit facility. About $2 billion was available before the new agreement. The agreement will also offer a slower pace for the casino corporation to work down its debt ratio. They will work down to a 5.5 times cash flow from 7.25 times cash flow. This is good news for Boyd gaming as the lower ratio means it will be easier for the company to raise cash from lenders. If you haven’t noticed, Boyd Gaming Corporation is serious about acquiring Station Casinos and its assets. This is just the latest step they have taken to sure up their footing.
The holiday season has come and gone. For some it was a fun time with lots of cheer and giving. For some it was a hectic time filled with end of the year business and crabby Christmas shoppers. Still, for a lucky few, it was a time to remember as they hit the jackpot on any one of the special promotions or games hosted by online casinos the world over. For those lucky players, they were able to cash in their winnings and pay off bills, take long needed vacations, or make Christmas a little more extra special for family, friends, and themselves.
The AllSlots online casino had a big winner when ‘David R’ took home a progressive jackpot worth over $188,000. He won it on AllSlots famous Treasure Nile slot game. The winner has already stated he is buying a special Christmas present for himself, a new house.
AllSlots Online Casino payed out to one lucky winner. However, Scratch2Cash.com lived up to their motto “Scratch and change your day,” and made the holidays happier to five lucky winners. Scratch2Cash is one of the leading scratch off style online gambling sites. It works similarly to the scratch games you buy from your local lottery. The player buys a game card, scratches off the covering of the play area and discovers if they have won or not.
Within a few short days the online gambling site awarded close to $144,000 to the five winners. Antonio P. of France thought he was dreaming when he exclaimed, “I will be able to spoil my children and grandchildren for Christmas and renovate my apartment!” Antonio won 10,000 Euros (about $14,000 US) on the sites Dragon’s Gold scratch game. Evelyn G. was just as excited with her 50,000 Euro win from Scratch ‘N’ Roll. “I’m going to spoil my family and make myself happy.” Other winners came from other European nations and were obviously just as excited. They all had Happy Holidays thanks to Scratch2Cash.com
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Online Casino Breaks Own Single Tournament Participation RecordAuthor: Chris // Category: Las Vegas CasinosCasinos count on gimmicks and promotions to bring in new and retain payers on their online sites and land based properties. Sometimes promotions can be the difference between a prospective player stopping into play and passing by in search of a gambling home. Casinos have come up with exciting tournaments, themed games, prize give-a-ways, huge progressive jackpots, and elite membership status in hopes of attracting customers. In the case of PokerStars.com, attracting customers has reached a whole new level, and for the third time in just a little over a year.
It is not as though PokerStars.com needs to advertise. It is already considered to be one of the leading and most famous of the online poker and gambling sites. However, it has a reputation to uphold and they have accomplished that completely. This December, the online poker site decided they wanted to best the record they already own and host the most players to participate in a single online poker tournament. The previous record was set this July when PokerStars.com calculated that 65,000 players entered. This almost double the record held by (you guessed it) PokerStars.com when 35,000 players participated in the December 2008, attempt. Just a year later the original number has grown by almost 400 percent. The Guinness Book of World Records confirmed that on December 27, 2009 149,196 payers payed the $1 buy in and played poker.
According to a blog on their website the stats for the online poker tournament came out as such. The winner took home $50,000, with runners up receiving between $3,000 and $30,000. The record breaking number of players would fill the Rose Bowl with close to 60,000 people waiting outside. If the tournament were to be held at the Las Vegas MGM Grand, MGM would have to build 29 more of their flagship resort and casino. The tournament only lasted six hours. It is no secret that the online casino industry in booming. PokerStars.com and The Guinness Book of World Records has official proof.
Sponsorship is common occurrence in almost any enterprise today. Sporting events, teams, television shows, galas and parties, and theatrical events are all made possible by sponsorships from major corporations. Usually these deals are between parities who are somewhat related, (although this is not always the case). For example, a car racing team usually has a deal with a motor oil or a tire company. This is mutually beneficial deal. The sponsored receives supplies and money needed and the sponsor gets their name and endorsements in return. The online casino industry has been getting into the act as of late. In Europe several of the major soccer leagues, teams, and tournaments are sponsored by online casino companies. Online casinos are also sponsoring individual players. The online casino, UB.com (formally UltimateBet.com), has penned the latest sponsorship deal. They have formed a partnership with professional poker player and gambler, Eric “Basebaldy” Baldwin. Baldwin has exploded onto the poker scene of the last year, and has earned over $1.5 million. Baldwin, who hails from Illinois, has played in 17 final tables winning four including the highly publicized World Series of Poker. He has also added a bright new feather to his cap, Card Player Magazine’s Player of the Year for 2009. It is not hard to see why the online casino wanted to have his name attached to their product. “Eric Baldwin isn’t just a new UB pro, he is UB,” said consultant for UB.com, Annie Duke. The team at UB.com are particularly impressed with Baldwin’s love for the game. They have noticed that he plays to win and has gained respect amongst his peers at the tables. Duke continued, “We really couldn’t be more ecstatic to have the Player of the Year on our team!” Eric Baldwin will be featured on the online casino site under the screen name ‘eric_baldwin’. He has stated that he is eager to be a part of the direction UB.com is taken. Players on the site can use the UltimateBuddy feature to learn where Baldwin is competing. |
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