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28
Sep
Author: scott // Category: Online Casino
Antigua is not just a popular tourist paradise. It is also one of the top online gambling hubs in the world. Antigua was one of the first nations to legalize and regulate online gambling. As such, it is the location of a large number of online casino operators and the government licenses some of the top gambling websites.
If you’re not familiar with Antigua, a quick visit to their wiki page should clue you in. It is an island in the West Indies that is part of the dual-island nation of Antigua and Barbuda. It has a population of approximately 87,000 and its main industry is tourism. Now back to that gambling stuff.
Antigua’s Financial Services Regulatory Commission has a Directorate of Offshore Gaming that is responsible for overseeing and regulating the offshore gambling industry. They award separate licenses for sports betting and for all other gambling (poker, casino games, etc.).
There are six brick and mortar casinos located in Antigua and they are open to citizens and tourists. Their main gambling market, though, is online. There are about 170 online casinos and online betting sites located in Antigua. Among them are some of the top sites in the industry, including Bodog. The Directorate of Offshore Gambling not only licenses the online gambling sites, but also regulates the industry to ensure that it is fair to players. The regulators also monitor for crimes like money laundering and other issues.
One of the reasons so many online gambling operators are located in Antigua is that it is a good business environment for them. Sportsbooks pay a simple $50,000 licensing fee while online casinos pay $75,000. After that, the operators pay a 3% tax rate, one of the lowest in the world for the gambling industry.
21
Sep
Author: scott // Category: Online Casino
There are a lot of factors that go into deciding which online casinos are the best. You look at the software, the security, the safety and fairness of the games, the customer service, the game selection and more. One of the most important yet overlooked factors, though, is the payout rate.
The payout rate is very important, but it’s not something that players usually look at. It is the expected rate of return, on average, of playing at the casino. For example, if the casino has a payout rate of 90%, that means that for every $100 you wager, you can expect to get $90 back, with the casino keeping the other $10.
The best casinos online have a payout rate of 95% or better. In fact, the top online casinos listed on our homepage have payout rates ranging from 95.6% to 98.7%. That is an average for the casino, though, and varies greatly from game to game. A regular online slot can have a payout rate in the low 90s or lower than that. If you use basic strategy for playing online blackjack, though, the game can have a payout rate to 99.5%.
The payout rate listed for a casino takes into account all of the wagers players place on the games and all of the money that is paid out. Some of those players are really good and make good betting decisions, while others play games with bad odds or place bad bets. The payout rate is simply an average that includes all of the above. If you are a smart and talented player, you should expect your personal payout rate to be above the average.
14
Sep
Author: scott // Category: Gambling
On Tuesday, a lobbying group representing Atlantic City’s casinos urged voters to approve sports betting. The Casino Association of New Jersey issued a statement supporting a November referendum that would allow sports betting within the state.
The trade group, which represents each of the eleven casinos, says that sports betting in New Jersey would provide a much-needed boost to the local economy and help the casinos and the city get back on track. Bob Griffin, president of the Casino Association of New Jersey, said that sports betting would “attract more tourists to visit our city and enjoy our world-class entertainment, thriving restaurant industry, brand-name retail shopping and famous Boardwalk.”
There is a problem, though. Even if New Jersey voters approved of sports betting on the November ballot, it would take time for casinos to be able to offer betting, if it ever happened. Currently the state is barred by federal law from allowing sports betting. The federal Professional and Amateur Sports Protection Act of 1992 outlawed sports betting in all of the United States, with exemptions for jurisdictions where it was already legally taking place. For that reason, Nevada, Delaware, Montana and Oregon are allowed to offer sports betting, but any new state would be in violation of the law.
Proponents of the New Jersey referendum say that it is an important step toward repealing the federal ban on sports betting. Others say that it is a key states’ rights battle and if the sports betting was confined to within New Jersey’s borders, the federal government has no right to interfere.
08
Sep
Author: scott // Category: Gambling
The Eastern Band of Cherokee Indians are seeking a casino in North Carolina, but one lawmaker predicts that no deal will happen. The current legislative session ends next week, so the clock is ticking on the negotiations between the tribe and lawmakers. According to Senator Tom Apodaca, chairman of the rules committee, that simply doesn’t leave enough time.
The Cherokee are the only federally recognized tribe in the state of North Carolina. They currently operate slot casinos, but want to expand to include live dealer games, such as blackjack. The tribe is currently negotiating a deal with Governor Beverly Perdue to amend their gaming compact, but there are several unresolved issues at this point. If the compact isn’t revised next week, it can’t be taken up again until the next legislative session begins in May.
Reaching an agreement by the end of the next week seems unlikely. According to a spokesperson for Perdue, there are “key issues remaining to be resolved.” One of the issues is said to be revenue-sharing, with the tribe and the government not able to agree on the amount that should be shared with the state. That money would be used in part to fund education. Another issue, according to tribal lawyer Anette Tarnawsky, is the federal government. The Interior Department would have to approve of the amended gaming compact. According to Tarnawsky, getting federal approval “may prove to be more complicated than originally envisioned.” The Cherokee say that their requested changes to the gaming compact, allowing table games and other non-machine gaming, would create hundreds of new jobs at the casino.
01
Sep
Author: scott // Category: Gambling
The Atlantic City casino industry is eyeing the Labor Day weekend, thinking it is the key to a post-Irene recovery. A shutdown of the city’s casinos last weekend cost a lot of money, and that is money that can’t be recouped. A big holiday weekend could go a long way toward facilitating a recovery, though.
Last weekend, Hurricane Irene battered the northeast United States. Though it was only a tropical storm when it hit the state of New Jersey, Governor Chris Christie decided to err on the side of caution and ordered the mandatory evacuation of the coastal part of the state. That includes Atlantic City and as a result, all eleven of the casinos had to shut down. It was only the third time in history that all of the casinos closed at the same time.
On Monday the casinos reopened but the damage was done. It was estimated that the loss of business over the weekend cost the casino industry up to $45 million in gambling revenue. Dennis Gomes, the CEO of Resorts Casino, said it was a “major hit financially” and they are simply hoping that the rest of the year can make up for it.
The Atlantic City casinos were already struggling. Christie’s attempts to revitalize the economy have had little effect on the casinos thus far. Losing a weekend of business was the last thing they needed. That makes Labor Day weekend that much more important. For companies that are seeing red, they need to see a lot more green this weekend.
26
Aug
Author: scott // Category: Online Casino
If you’re new to online gambling or if you need to find a new place to play because the site you were using went out of business or no longer takes customers from your region, it helps to use a casino directory as a guide. One of the best directories for that is onlinecasino.net, a trusted source for casino tips and information.
Onlinecasino.net has a list of the best online casino sites and also provides the current bonuses being offered by each of those sites. For those who want more information, the site provides reviews of each featured casino, so you can learn the differences and find which one suits you the best. OCNet also details the features you should focus on when searching for online casinos, such as the software, the licensing and regulation, the player incentives, the customer service, and the overall reputation.
Players new to casino gambling, whether online or offline, can also take advantage of onlinecasino.net’s sections for each popular casino game. With separate pages dedicated to blackjack, bingo, slots, roulette, video poker, craps, keno, baccarat and poker, players can read up on the most popular casino games. Each page has a summary of the game, including its background and basic rules, as well as tips and information on the odds and best bets.
The other section of onlinecasino.net that makes it a top casino directory is the blog. Updated each week, the blog keeps you up to date on the current news in the gambling industry, new bonuses offered at the casinos, and any tournament action that is going on. With the constantly updated blog and static pages offering information on the best online casinos and casino games, onlinecasino.net is a good source to use in your casino search.
19
Aug
Author: scott // Category: Online Casino
Lucky Red Casino is known for rotating bonus promotions in and out of the casino. It is one of the ways that they keep the deals fresh. Each week, there are a couple of new featured promotions as well as ongoing promotions.
This weekend, from Friday, August 19 to Monday, August 22, Lucky Red Casino is giving away a flat rate bonus. If you deposit $150, they will give you a bonus of $500. If that doesn’t sound like a great deal, then you probably aren’t great at math. It’s okay, neither am I. Using a calculator, though, I was able to figure out that the casino is offering a match bonus of 333%. The coupon code for that bonus is LUCKYRED500.
As is always the case, that bonus comes with a wagering requirement. You must wager both the initial deposit and the bonus money a minimum of 45 times before you can make a withdrawal. For this particular bonus, only wagers on online slots count toward the wagering requirements.
Aside from that special weekend bonus, Lucky Red is continuing two other ongoing bonuses. One is a 55% match bonus for blackjack, video poker and other table games. The other is a 65% match bonus for all deposits by slot players. Both bonuses are unlimited and can be claimed as many times as you want.
In addition to the deposit bonuses, there are tournaments and other promotions going on at Lucky Red Casino this weekend. To find out more, make your way to the casino and check out the promotions and events.
11
Aug
Author: scott // Category: Gambling
Gambling is illegal in the state of New York, with a few exceptions. There are some tribal casinos in upstate New York. There are a few racetracks as well and a state lottery. Other than that, all gambling is banned by law. Now Governor Andrew Cuomo says the state should consider allowing non-Indian casinos.
Nearby states, such as Pennsylvania and Connecticut, already have full casinos. Massachusetts is also pushing for some casinos. With that in mind, New York doesn’t want to get left behind and watch its residents cross the border to play at casinos in other states.
The current racetrack casinos in New York want to be allowed to add table games and convert into full casinos. Governor Cuomo thinks all casino expansion should be considered. The biggest obstacle for that, though, is that the state constitution would have to be amended. In New York, amending the constitution isn’t easy. It requires the bill to pass the legislature during two consecutive sessions and then be approved by voters in a public referendum.
At various times a bill to allow non-tribal casinos has made it part of the way through those steps but was unable to get all the way through. With next year being a big election year, supporting a controversial measure like this could be even more unlikely.
Still, with the economy struggling, allowing casinos could give New York a much-needed boost. Aside from injecting more spending into the local economy, the government would also benefit from the tax revenue. There is currently a bill in the legislature to allow casino gambling, but it is not known how much support the bill has.
04
Aug
Author: scott // Category: Tournaments
It almost seems like I’m not supposed to tell you about this promotion. If you’ve seen the movie, you know what I mean. All Slots Casino is running a Fight Club promotion, named after the iconic David Fincher film starring Brad Pitt and Edward Norton.
What makes it a Fight Club promotion? Well, don’t worry. It doesn’t involve nihilism, bare-fisted boxing, domestic terrorism or stealing liposuctioned lard to make soap. In this promotion, there are two online slots facing off. You can pick either game and then try to earn as many points as you can in the tournament, but here’s the catch: The best players on the leader board will win prizes, but those prizes are doubled if you played on the slot that had the most players. So you want to guess which slot will be more popular with players and try to win on that one.
Each week, two different slots go head to head over the course of nine weeks. 120 players will win some sort of prize in the tournament, with many of them winning double prizes. If it helps, try to conjure up your power animal while you play.
The challenges in this tournament are much easier than in a real Fight Club. You don’t have to pick a fight with a total stranger and lose. You don’t have to hold your hand out while someone burns it with lye. You don’t have to destroy private property or commit any crimes. All you have to do is play online slots and try to get a higher total than the other players, while hopefully playing a game that the most players chose. Sounds much easier to me.
27
Jul
Author: scott // Category: Gambling
For years, the common belief was that there was a direct correlation between access to casinos and problem gambling. The thinking is that the more casinos there are, the more people are able to play. The more people play, more will develop gambling problems. A recent study, however, indicates that is not the case.
A Harvard University study by Professors Howard Shaffer and Ryan Martin found that although there has been a great deal of casino expansion in the last 35 years, problem gambling has declined. Though the actual number of problem gamblers has increased (as has total population) it has decreased as a percentage, from 0.7% to 0.6%.
Those people who make up the small percentage of gambling addicts have something in common. They are likely addicted to something else as well. The study says that 75% of those people who have an addiction to gambling also have a chemical addiction to another substance, either drugs, alcohol or smoking. That suggests that in almost all cases, a person who does not already suffer from addiction, suggesting a predisposition to addiction, is safe from becoming addicted to gambling.
It is not known what has caused problem gambling to decline over the last 35 years. Some people believe that it is due to increased awareness of the problem. Some feel that it is because the casinos, including online casinos, do a much better job of helping people get treatment than they did in the past. Some believe that legislation like the creation of self-exclusion list and lifetime bans deserves the credit. In any case, it is good news that the increased availability of casinos has not resulted in an increase in problem gambling.
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