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28
Mar
Author: Chris // Category: Las Vegas Casinos
A Casino in Mount Airy is working to implement their own casino table games by any means necessary. They have recently begun the process of under writing their own loan to afford the games and plan to implement them in the future. The way the casino was able to acquire funds was through a financial guarantor by the name of Louis A. DeNaples. He pledged $35 million to help the casino expand their arsenal of games by bringing traditional casino games to the floor.
Now, the gambling Gaming board has approved the proposal and will allow the progress to happen at the casino. This will bring about poker and blackjack gambling tableswhich will in turn bring about more revenue. The agreed upon plan is that DeNaples’s money will go toward the state licensing fees in order to have the games. Some more of the money will assist the casino in renovating their golf course and their parking lots.
DeNaples has a personal attachment to this particular casino as his daughter is the Chief Operating Officer. Lisa stands to benefit from these loans in that she will be the trustee for this particular transaction. DeNaples has been around the casino business for some time and has had some run ins with the board. That is why the agreement has been made clear that DeNaples will not receive any kickbacks from the casino for his loan. The meeting with the Gaming board ended profitably for the Mount Airy casino as they not only received the approval for restoratiom and expansion, they also implemented some new changes to their credit agreement with loan company J.P Morgan. According to the Attorney for the Mount Airy Casino, James T. Asali, “It is a substantial relaxation of the financial restrictions on the company.” Now with all these credit issues aside, the casino can continue its expansion as it plans to bring in nearly 70 table games to the gaming floor.
28
Mar
Author: Chris // Category: Casino Games
Gambling is under consideration in lieu of the upcoming World Cup. This event is one of the biggest events around the globe and especially in Europe. There now is talk of allowing sports betting to occur for this event. Currently some proposals have been submitted and they will clearly have to be discussed in great length before anything will come of it. But the possibility of adding gambling into the mix could create quite an interesting event this year.
The World Cup kicks off between June 11th and July 11, so there is a narrow window of time tom make this decision. By legalizing gambling the may alleviate some of the underground gambling that is already underway, and it may create a more controlled and regulated environment. That is at least the goal. The trick is to control the millions of dollars that will change hands over this sports gambling venture and finding a safe way to make these transactions happen.
One of the concerns that could pop up again is the idea of religion. Gambling is illegal in Islam and the Malaysian country has a large portion of Islamic followers. The idea of introducing gambling into the mix was attempted under the same circumstances years ago but then was quickly released by the Prime Minister Abdullah Ahmad Badawi.
Gambling could possibly benefit the government is they found a way to incorporate it into their revenue, however, the biggest problem with instituting gambling especially in sports like soccer is the attempts at match fixing. Once millions of dollars begin to be thrown around for games, there will be a lot of temptation to sway teams and players for a bigger payout. In the United States we have witness sports betting gone wrong in many scenarios, starting with the “Black Sox” scandal where players allegedly took money to throw the World Series. Players like “Shoeless” Joe Jackson and seven others were ejected from baseball for life, never to again return to the game.
28
Mar
Author: Chris // Category: Online Casino News
As kids everyone tries to pull out their old deck of Hoyle cards and put them to good use by making their own house of cards. With 52 cards in a deck, many families will only have one or two decks lying around the house in order to build. As you can imagine the case with a casino and unlimited supplies of cards, the opportunity for the largest house of cards is available to the person who has the time and patience to assemble it.
That was the case at a Macau Casino. The house of cards was created as a way to replicate the Venetian Hotel and Casino in Macau. The plan started out as a way to beat the world record for house of cards by constructing the entire Sands Venetian Hotel and casino in Macau. The house was expecting to take nearly 190,000 cards and take more than 45 days to complete.
The House of cards went under construction at the casino near the Zaia Theatre on January 26th, 2010 and reached its finishing date by March 10,2010. By the time it was finished it stood 36 feet long, 11 feet tall and weighed more than 500 pounds. If you took the decks of cards and laid them out one at a time, they would end up stretching nearly 11 miles. The creator of this house was Bryan Berg, an american architect who completed the house with nearly 218,792 freestanding cards.
This is not the first attempt at breaking the record by the american architect. His version of the casino placed him at the top of the list with the largest house of cards ever built. The person that came before him actually was himself as he beat out his old record to complete this project. Berg commented on the house, “It’s really like a real construction project because you have to engineer every single adjacency and every support that’s supporting everything above.” And all you need to duplicate it apparently is about 200,000 cards and a Harvard degree.
28
Mar
Author: Chris // Category: Las Vegas Casinos
The European Union has been struggling with the debate of gambling as of late. Some of the largest problems that they face is the diversity between the states that are involved. By choosing a culturally diverse group there is a chance to create a general regulation that will benefit all of the states, however, there is also a chance tat each state will walk away with their own opinions and not want to participate within the Union. Already some countries do not want to be governed by the European Union as they don’t feel that they will be heeding their countries concerns. Those that are a part however are trying to come up with regulations that will not only help the bigger states, but the smaller states as well.
Recently the discussions have led to an outspoken Advocate Genreal, Paulo Mengozzi who is no longer certain that there will be a way to make gambling fair and available to all the states. One of the issues is the controlling of online content and users. Since the web is still in its infant-like state, there are many ways that make online casino gambling unsafe for its players, and that has caused major concerns throughout the European Union and the rest of the World.
Cultural differences and current gambling laws make it difficult for the Union to pull everyone together for like ideas. With that in mind it sometimes is appearing to be nearly impossible to gain some sort of online gambling regulations that will be conducive to all of the member states. In fact, some of the states have banned certain gambling games of chance therefore going against regulations of the Union stating that they are acceptable. Now they have determined a loophole for some of those legislations, but there are still many miles to go to create unified legislation in the Union. Some states are coming in with large monopolies which also makes it difficult to come together on the same page.
28
Mar
Author: Chris // Category: Casino Games
Tom Dwan and Patrik Antonius went head to head a recent poker competition, proving how fast money can change hands throughout the game. Poker has now been deemed a game of skill and has therefore seen players switch control back and forth. In one game, control of the pot can switch numerous times, it is merely the one who can hang on the longest and most strategic who walks away with it all.
Head to head games have become popular in the world of table gambling and are exciting to watch. This game is usually more fast paced than regular poker games as you have fewer players to rely on to make decisions as well as a little more control over the cards. Most people were probably not expecting a poker game to be this fast paced however. Nine minutes after beginning the game, Tom Dwan ended up walking away with the entire jackpot of $230,000. Fast and furious is the way the game is played, and he took every opportunity to capitalize on the quick play. This keeeps Dwan in the running for the large jackpot of $2 million.
All of this gambling is part of the Poker Challenge that is currently underway. In this gambling tournament, these players have already witnessed 33,303 hands played in the tournament. The winning gambler will see nearly 50,000 games before walking away with the prize money. This is where the hard part comes in as the ability to play becomes secondary to the ability to maintain concentration and focus throughout the rest of the tournament. To make matters worse, each player they will encounter from here on out will be more challenging. Dwan is prepared to make his way through the tournament as he is currently the leader of the pack. However, at any moment, someone could prey on the weaknesses of the other players, or simply by one small error that could cause their entire empire to fall.
28
Mar
Author: Chris // Category: Online Casino News
The Italian market for gambling continues to get stronger as the regulations are a little more loose than on other countries. This is one of the reasons that the Italian market is one of the fastest growing online gambling areas in the world. With that in mind, all of the big online casino gambling companies are dipping into the Italian market to get a piece of the action. Bwin, one of the largest competitors in online casino gambling worked their way in by purchasing a popular and recognizable online site, Gioco Digitale. This poker network has over 5 million players in it, making one of the largest in Italy.
Now that Bwin has planted its feet in the market, it is bringing on top online provider, Dragonfish to help market and brand the network. Dragonfish will now be providing much of their expansive library of online gambling games to the network for both inhouse and third party games. Since the larger the selection of games equals the larger number of players who join online daily, this is an important aspect to the continued growth of the gambling network.
By providing an entire online casino suite to Bwin, they will have the opportunity to participate n slots, video poker, video games and even traditional casino table games. According to Bwin’s General Driector, Paolo Di Feo, “We have chosen Dragonfish as our online casino technology provider so that we can ensure a premium gaming experience for our customers.” This marks the first time ever that Dragonfish has entered the Italian gambling market. Since the market only opened up in 2007 there will most likely be more opportunities for these companies to expand their network and reach further throughout Italy. Dragonfish and Bwin are smart to get in early as other large online gambling providers such as Microgaming are also bidding for sites in Italy. The competition for the Italian networks will only continue to grow in the next few years as the companies are able to gain access to the market.
28
Mar
Author: Chris // Category: Las Vegas Casinos
With April creeping around the corner, there are many promotions going on in the Atlantic City Casinos. One of the first opportunities for gamblers to win at the casinos is through Resorts Casinos who is offering thousands of dollars for their card holders. They will be allowing these card holders the opportunity to gamble for free every Sunday in April. With this opportunity, these players can participate in private games of blackjack, with a pot of nearly $100,000. Along with this prize, winners have the chance to win a trip to the Kentucky Derby.
In order to participate in these gambling activities, the players must activate their cards during the time of the promotion. In order to activate them, the players must insert their card into one of the card readers of any of the casino games. Once they have completed this step they are eligible for all the opportunities that happen in the casino in April.
The great thing about this promotion is that there will not only be one gambling winner. Every half hour the casino will randomly select one winner between the hours of 1pm and 6pm to receive their gift of $1000 of free slot machine play. The good news for the Ultra and Elite Card Holders is that their cards enable them the ability to win double the amount if they are selected by the casino.
The $100,000 Blackjack tournament begins on April 17th. Any card holder can enter into the qualifying rounds by participating at the casino on the 16th. If they qualify, they will move into the next round of play which could take them all the way to the seat to win the jackpot. The players only have from 5pm until Midnight to complete the qualifying round in order to be accepted into the next phase. Besides the blackjack tournament, all of the card holders of the casino will still have the opportunity to win the trip even if they don’t get a chance to participate in the blackjack tournament.
28
Mar
Author: Chris // Category: Online Casino News
Barry Sternlicht whois the founder of the Starwood Hotels was once the owner of the casino property and now rumors are spreading that he may once again put out a bid on the venue for future ownership. The way it stands right now, the casino company is in trouble and is possible looking to file Chapter 11, which is a prime opportunity to move in when the property will be at an affordable rate, and slide it right out of their hands.
As of right now, it has been released that The Starwood owner has been purchasing parts of the mortgage and is planning to take over by assembling a package bankruptcy plan for the company. There is no secret that the Riviera Casino company is having difficulty making payments. At this time they have not paid interest on their loans since December of 2008 and have recently defaulted on nearly $250 million.
If Sternlicht is going to approach the casino company in this manner he may be met with some competition. Already Derek Stevens who is the current owner of the Golden Gate has partial ownership in the mortgage as well, and could handily take the property on himself. This is not the first time that Sternlicht has dipped his nose into this property. In 2006 he offered up $17 a share, but the shareholders were not up for the deal. According to a conference call from Sternlicht, he stated that he could get the property of 1000,000 suare feet “for about $5,000 a room, which is less than the cost of the furniture. I’m thinking of it as a long-term parking lot. We’re just going to hold it and have very little invested in the deal.” Sources say that Sternlicht is more than prepared for this type of investment as he has accumulated roughly $1.5 billion for real estate properties in the future. With an working knowledge of the casino business he may walk away from this deal with quite a bargain.
28
Mar
Author: Chris // Category: Online Casino News
The way things have gone lately, the whole country is looking for answers to solve the problems of the economy. Government officials are debating legalizing gambling even though they have stood against it for many years. The reason being is that people in this country and other countries are digging themselves further and further into debt with no possible way to get out. Iowa is facing these same concerns and is now trying to figure out new ways to pull themselves out of debt.
Although the economy is slowly starting to bounce back, there are still many people without jobs, and many small mom and pop stores just trying to make ends meet to keep their businesses open. Now four Iowa town representatives are digging in to try to rebuild their towns by bringing about gambling. These towns have approached the Iowa Racing and Gaming commission in order to find a way to implement gambling to help boost revenue in the poorer towns.
IF these four towns are successful in their pitches they stand to offer more jobs to their community as well as draw in more annual revenue. Gambling centers have long been a good and simple answer to solving financial problems, the key is getting the officials to approve them so that the money can be made. There is a small windo w of time that exists for these towns to pitch and wait for a response from the Commission. As the four towns have completed their part, they must now wait for the ruling by the commission which is supposed to be completed by May13, 2010. This is when the final decisions will be made. Once they have completed these steps there still could be a long wait and a lot of money needing to be raised in order to implement gambling within the towns.
28
Mar
Author: Chris // Category: Las Vegas Casinos
Spring Break is one of the party times in college life. This is the one week that college aged students get out of their little towns and go off to find new adventures. There is no wonder that this type of excitement would lead to many road trips that reach throughout the United States. Some kids go somewhere that they can ski and see snow, maybe for the first time, while others hit the beaches to show off their new bathing suits for the first time. Studies are now showing other places that kids are going for different types activities, more specifically gambling.
The casinos on the Las Vegas Strip are legendary throughout the United States, and even the world. Its allure brings with it the danger of gambling in the casinos, the fun of partying it up in a club, and a nightlife that lasts throughout the next morning. It truly is a City that never sleeps. To top it off, the casinos are pumped with oxygen and stale cigarette smoke and are deep enough inside resorts that it is easy to lose track of time. It is this type of activity that will keep kids out all night before they realize that it is time to go home.
Another aspect that brings college aged kids to the lights and sounds of the Las Vegas casino Resorts is usually the inexpensive accommodations and the cheap flights. This makes a trip the Nevada a pretty good deal on a college kids borrowed budget. For just a few hundred dollars these party animals can pack into a hotel room, eat cheap fast food or one expensive buffet that will last them most of the day and even have a little cash left over for gambling. The danger is of course in realizing that they can use credit cards at the casinos, and that is how both the venues and the credit companies are able to stay in business. This year, Young gamblers are already planning their trips and Heading to the Casinos of Las Vegas.
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