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Atlantic City Casinos See Revenue Daylight After Nearly Four Years

admin — Thu, 09 Feb 2012 07:00:07 +0000

Atlantic City Casinos See Revenue Daylight After Nearly Four Years
The Top Online Casino Gambling News Reporting Organization! The gaming revenue figures released by the New Jersey Division of Gaming Enforcement this week represent a bittersweet feeling for Atlantic City’s eleven casinos. The December figures represented the first time in nearly four years that revenue increased over the same month the previous year, but showed a decrease for the entire year.In December, revenue at AC casinos was $246.5 million. That was up four percent over the same period in 2010. It was a figure that had many officials in New Jersey’s gaming industry breathing a sigh of relief, but one that also left room for caution moving forward.For all of 2011, AC casinos won $3.3 billion. That figure was down from the $3.6 billion that the casinos took in back in 2010. In all, the revenue figures from December was what the city’s residents were focused on Tuesday evening.”2011 has been good so far for our casinos,” said New Jersey resident Sam Saulino. “First we get the news earlier this week about sports betting, and now we see that revenue increased in December. Hopefully the casino can parlay that into building some momentum heading into the new year.”Saulino was referring to a bill that passed Monday that will authorize AC casinos to open sports books. The bill is expected to be passed by Governor Chris Christie, but the state will have to get a federal law overturned before they can move forward with the sports betting plan.Pennsylvania casinos have cut heavily into the revenue at AC gaming facilities. Two years ago, Pennsylvania lawmakers passed a bill legalizing table games, and when the tables went live last summer, gamblers began flocking to the newer casinos in Pennsylvania. That left AC casinos scrambling to pick up the pieces on what was once considered the top gaming destination on the East Coast. January 11, 2012Posted By April GardnerStaff Editor, CasinoGamblingWeb.comSubmit News! Macau Shows US States How To Handle Casino Gambling IndustryNo Longer The Hilton, Las Vegas Hotel & Casino Starts New EraAtlantic City Expanding Gambling And Entertainment RelationshipHollywood Casino To Open February 3rd In KansasOhio Casino Gambling Begins In March With Cleveland Opening

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10 Baseball Betting Tips For Gamblers

admin — Thu, 10 May 2012 02:15:10 +0000

10 Baseball Betting Tips For Gamblers
10 Baseball Betting Tips Free sports picks, the most informative sports betting podcasts, and the top sports handicappers are on the OffshoreInsiders.com Network. By Robert Bies Most professional gamblers agree that baseball betting is one of the best ways to make money since baseball is one of the easiest sports to handicap. Many sportsbooks (both online and Nevada) would prefer to close their doors during the baseball season so that they can avoid the huge losses from baseball betting. In fact, sportsbooks are happy to just break even during the baseball season. People bet on baseball for a variety of reasons. Some do it just for fun to make watching baseball more exciting. Others bet on baseball to make money. Whether you are a recreational bettor or one who wants to make a lot of money, you can learn to be a savvy bettor and regularly beat the house by using the following baseball betting tips. Avoid betting games in April and be wary of September. In April, not only is weather a factor at certain parks, some managers are still tinkering with their line ups. Spend the first few weeks studying the teams rather than betting them. In September, as teams fall out of the pennant race, it is natural for players to be disappointed, and thus, put out less of an effort. Furthermore, management start looking to the future and bring up some of their top prospects. Practice sound money management strategies. This tip is without a doubt the most neglected area for novice bettors. A good friend of mine told me that he has never once criticized a money management system used by another sports bettor because a bad money management strategy is still better then not having one at all. Take advantage of proven systems for picking baseball winners. Gambling professionals all agree that proven baseball betting systems is essential for picking winners. Dime Lines. In the sports gambling world, a dime line means a 10 cent money line. It is the difference between the odds for the favourite and the underdog. If your sportsbook does not offer dime lines, youre needlessly throwing away your money. Know the target audience of Sportsbooks. A critical factor to consider when placing wagers is the type of bettor the sportsbook targets. This answer will affect your bottom line more than you realize. Every sportsbook caters toward a different kind of sports bettor. The goal is to use this knowledge and take advantage of it. Compare Odds. Not all sportsbooks offer the same odds. Books change their numbers according to the betting patterns of their customers, so it is not entirely uncommon to find ten or twenty point differences in the lines. When you are betting your hard earned money, getting the best line is a top priority. Be Wary of Handicappers. As with any industry there are good and bad handicappers. The handicapping business is full of businesses skilled in marketing but lacking in picking winners. Many offer free picks for the sole purpose of getting your phone number so a high-pressured salesman can hound you on a daily basis. Others offer different levels of picks based on the idea that the more you pay, the more you win. The question you should always ask is why am I not getting the best picks regardless of price? Underdogs often add more value than favourites. Betting underdogs is normally a good idea in any sport, but it is even more important in baseball where even good teams lose 70-plus games each year. The oddsmakers often inflate the line on the favourites because they know the general public likes to bet the favourites. Avoid laying odds worst than -150. To break-even with -150 odds you must win 60% of the time. Given that the top teams in the league win about 60% of the time and the bottom teams win about 40% of the time, you are throwing your money away if you are consistently betting on heavy favourites. Fade public teams and favourites playing on television. It is normally a good idea to either avoid or fade public teams like the Yankees, Red Sox, Mets and Cubs. These organizations are often heavy favourites and youre less likely to make money on these clubs. As for TV games, the oddsmakers are well aware of what games are nationally televised and they know that most gamblers prefer to root for the favourite! You can bet that the favourite line and the over line will be inflated. You are much better off sticking to dogs and unders in TV games! If you take into consideration these baseball betting tips when developing your betting strategy, you will have a very profitable year betting on baseball. Robert BiesGuide to Baseball Betting Article Source: http://EzineArticles.com/?expert=Robert_Bieshttp://EzineArticles.com/?10-Baseball-Betting-Tips&id=6188238 This entry was posted on Thursday, April 5th, 2012 at 3:01 am and is filed under Sports Betting. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

Ohio Gaming Commission Questions Gilbert Over Loan

admin — Wed, 25 Apr 2012 10:00:09 +0000

Ohio Gaming Commission Questions Gilbert Over Loan
Daniel Gilbert is hoping to have more luck in the casino gambling industry than he has had in the NBA draft lottery over the past few years. Gilbert is best known for his war with LeBron James when the former Cavaliers star chose the Miami Heat over his hometown Cavaliers several years ago, but now Gilbert is becoming known as a business tycoon in Ohio.One of Gilbert’s latest ventures comes through the gaming company he formed, Rock Gaming. The company won the rights to open casinos in Cincinnati and Cleveland, with the Cleveland facility set to open its doors to customers in May. Before that happens, Gilbert has been the subject of cross-examination by gaming regulators in Ohio.This past week, Gilbert was questioned heavily about a $60,000 loan that he made back in 2009 to former Detroit Mayor Kwame Kilpatrick. The former mayor had a criminal case brought against him for misappropriating funds, and owed Detroit over $800,000. Regulators were trying to get the sense of why Gilbert offered the loan to Kilpatrick.”In hindsight, poor judgement to make that loan,” Gilbert told regulators. He went on to say that he thought the loan would help Kilpatrick provide for his family in a time of need. It was later determined that Kilpatrick had been running an illegal money-making scheme.The meeting with regulators spanned many topics, as the Gaming Commission is getting close to issuing licenses to Rock Gaming. Gilbert’s group was not the only ones that were questioned, as representatives of Caesars Entertainment Corporation also answered questions relating to their financial stability.Ohio voters approved casinos several years ago for the first time after many attempts by gaming groups failed in the past. Casinos were approved for Cleveland, Cincinnati, Columbus, and Toledo. The Columbus and Toledo casinos will be owned by Penn National Gaming, a group that will go through the same vetting process as Rock Gaming.Gilbert is best known for his public feud with LeBron James. The former Cavs star spurned his home team when he announced on national television that he would be playing in Miami. Gilbert sent out a scathing letter, condemning the way James handled the process. Outside of Ohio, Gilbert was chastised for his response to the James decision.Gilbert has several successful businesses in Ohio, and the casinos are expected to be another in that group. Ohio residents have long had to travel to other states to gamble, but will soon have the privilege of staying close to home to enjoy a night out at the casino.”I have been waiting twenty years for what’s going to happen next month,” said Mark Galper, a Cleveland resident. “I’ve taken at least 20 trips to Las Vegas or Atlantic City in that time, and it’s going to be great to be able to just drive ten or fifteen minutes to get to a casino. I can’t wait.” April 22, 2012Posted By Terry GoodwinStaff Editor, CasinoGamblingWeb.comSubmit News!

888 shares surge 24% as Ladbrokes takeover confirmed

admin — Sat, 31 Mar 2012 18:15:08 +0000

888 shares surge 24% as Ladbrokes takeover confirmed
Posted by admin On December – 21 – 2010 The industry remained abuzz with speculation on the weekend news that Ladbrokes was making a 240 million bid for online gambling software developer 888. At 70p a share, the reported deal represents a premium of some 40%, Reuters reported. Both companies confirmed that they were in negotiations as the new week commenced, with 888s share price soaring by 24% on the news that it may be acquired by the major UK online and land gambling group. It provided 888 investors, who have seen their shares lose around two-thirds in value since January 2010, with some welcome and positive momentum, although the market quieted down to a rise of approximately 18% later Monday. Under the leadership of former CEO Chris Bell, Ladbrokes made an acquisition run on 888.com four years ago but the deal fell through over concerns regarding 888.coms vulnerability to US legal problems connected with its pre-UIGEA presence in that country. Unlike Party Gaming and Sportingbet, 888 has not negotiated a probably expensive settlement with US authorities. With a new CEO at the Ladbrokes helm in the form of Richard Glynn, analysts are predicting that the present negotiations could be the new incumbents first big deal. Collins Stewart analyst Simon Davies said: We believe a 70-pence offer should be a slam dunk for investors, but see significant regulatory risk to a successful transaction given that 888 has not procured a non-prosecution agreement with the US Department of Justice, which represents a potential poison pill. Morgan Stanley analysts said the deal could be a strategic and financial winner, matching Ladbrokes strong sports betting book with 888s internet casino offering to create a combined online gambling business with annual revenue of around 350 million and earnings of 85 million. They opined that potential yearly savings for the companies could be as high aa 25 million in technology, marketing and overhead costs. Categories: Gambling News

GoldenCasino.com Free Casino Games

admin — Sat, 10 Mar 2012 21:00:10 +0000

GoldenCasino.com Free Casino Games
GoldenCasino.com is one of the greatest online casinos around. Many many people play here, and they all love it! With all the games and special offers going on youd be mad to miss out on life at Golden. There are fabulous competitions that you can take part in, and theres even GoldenCasino.com Free Casino Games you can play too, so dont worry if moneys a bit tight. To play Casino Games online now Click Here! The first thing you need to do, as with all online casinos, is to join up. This involves filling in all your details onto an online form. Dont worry though its all completely safe and secure. Online casinos always make sure their sites are safe, and use very reliable software. Once youve signed up youll be ready to make a deposit and get some of those super GoldenCasino.com Free Casino Games. When you make your first deposit at Golden Casinos, youll get your welcome bonus. This works by doubling that first amount you pay in. Anything up to the amount of $555 will be doubled so youll get a fair few free games for that! Other ways of getting GoldenCasino.com Free Casino Games include the loyalty scheme that runs at the site. Just have a look there to read all about how this works. Its better than many other online casinos have, and is easy to use. There are other ways of getting freebies at Golden too so always be sure to have a good look round the site when you visit it. This entry was posted on Friday, May 28th, 2010 @ 12:00 am on the category Casinos. You can follow any responses to this entry through the RSS 2.0 You can skip to the end and leave a response. Pinging is currently not allowed.

Closing Arguments Made In Alabama Gambling Corruption Trial

admin — Wed, 29 Feb 2012 03:30:15 +0000

Closing Arguments Made In Alabama Gambling Corruption Trial
The Top Online Casino Gambling News Reporting Organization! The gambling corruption case that has been at the center of attention in Alabama over the past year turned for home on Tuesday when defense attorneys gave the closing arguments in the case. Lawyers for Milton McGregor and four other defendants took turns ripping apart the prosecution’s case.McGregor is the owner of VictoryLand, a gaming entertainment center in Alabama. The gaming hall owner was accused of bribing senators in exchange for positive votes on a gambling bill last year. The bill passed the Senate, but was soundly defeated in the House, leading to an investigation of unsavory behavior by McGregor and Country Crossings developer Ronnie Gilley.The first attempt at prosecution of McGregor ended in a mistrial after the jury was unable to break a deadlock. The hung jury left the prosecution having to start over with their case in front of a new set of jurors. The re-trial that began earlier this year is nearing completion, with McGregor’s attorneys and the prosecution likely making closing statements Wednesday morning. At that time, the jury will be dismissed to a room to determine the fate of the accused.The case gained national exposure last year after Gilley pleaded guilty to bribing senators for their votes. McGregor has maintained his innocence and lawyers for McGregor have asserted throughout the trial that Gilley was the mastermind behind the bribery scheme. On Tuesday, the defense painted a picture of a desperate man that was looking to have his sentence reduced, leading Gilley to cooperate with the prosecution of McGregor.Former Governor Robert Riley called the gambling bill corrupt while it was in the process of being debated by lawmakers last year. Riley had been put on notice that he may have had to take the stand in the case, but the prosecution and defense teams did not call the former governor.The remaining defendants have all collaborated a story of Gilley being the person responsible for the bribes. At the time, Gilley had an investment team for Country Crossings that included several high profile NFL players. Gilley has testified that McGregor also was on board with the bribery scheme, and the defense has worked to raise doubt as to the credibility of Gilley as a witness. February 28, 2012Posted By Terry GoodwinStaff Editor, CasinoGamblingWeb.comSubmit News! US Indicts Bodog Founder, And Online Gambling Mogul Calvin AyreAlabama Gambling Corruption Trial Nearing An EndKentucky House Giving Up On Gambling Expansion Debate This SessionMaryland Lawmakers Discuss Table Games For State CasinosFirst Casino In Maine Expected To Open In March

Nevada approves sports betting app

admin — Mon, 27 Feb 2012 15:00:28 +0000

Nevada approves sports betting app
Posted by admin On January – 1 – 2011 Want to legally place a bet on a sporting event within the U.S. state of Nevada? Theres an app for that. The Nevada Caming Commission has approved a smartphone application that would allow players to engage in sports betting using their mobile phones. The app, designed by the Leroy Group, lets Nevada residents place sports bets on their Blackberry phone. Only the Blackberry app has been approved so far, with the Android app pending approval. The key roadblock to approval was the need to convince the Gaming Commission that the apps technology was sufficient to verify that the person using the phone was actually physically located within the state of Nevada when placing the bet. That is important because sports betting is illegal in most U.S. states. The Interstate Wire Act of 1961 makes it illegal to use a phone or wire communication facility to place an interstate or international bet on any sporting event or contest. That makes any online sports betting illegal if it crosses state lines, because that would make it subject to the federal interstate law. With the activity confined to Nevadas borders, though, the federal Wire Act lacks jurisdiction in Nevada. John English, Senior Vice President of Business Development and Public Affairs for American Wagering, who was involved with the project, is excited that the gambling app was approved. The Nevada regulators placed significant challenges on American Wagering to provide a means of offering account wagering on a mobile device whereby we could verify that the bettor was in the state, he said. He then triumphantly added that we rose to the challenge and succeeded. Laws and regulations often build upon other laws and regulations. What starts as something small snowballs into something much larger, for better or worse. That being the case, allowing online gambling via a sports betting app may pave the way for Nevada to allow all forms of online sports betting and, eventually, all forms of online gambling. It may take some time, but government regulations rarely stay where they started. They tend to branch out and expand. Doing so in this case could help Nevada become the major online gambling hub for the United States. Tags: gambling apps, Nevada gambling, Nevada Gaming Commission, sports betting Categories: Gambling News

Online bingo is popular as ever

admin — Fri, 24 Feb 2012 15:15:10 +0000

Online bingo is popular as ever
The major brands of the online bingo industry can be satisfied: bingo once available only in halls or at festivals is a hit online, and this across Europe. According to a study published by the British company H2Gambling Capital, there are more and more online bingo fans, and suddenly companies like William Hill, PartyGaming and 888 Holdings are expected to grow their networks in this branch.According to the study, the income generated by online bingo in Great Britain should grow by 20% this year with a figure going up 1, 6 billion dollars by the end of 2010. The study published by H2 confirms that online bingo has proved to be more resistant to the credit crunch than any other online games. Net revenues of online bingo and skill games like backgammon for William Hill, have risen by 50% over the first part of 2009, while revenues from more traditional games have decreased slightly (-1%). William Hill expects its gross income (including payouts) should increase by 50% by 2010. They are reaching 250 million this year. The company 888 Holdings meanwhile, still young in this sector, expects to generate around 100 million dollars in revenue from online bingo the next few years. Webmasters Tip: Bingo-Rooms.com provides a selection of the best UK online bingo sites as well as many articles and ressources related to bingo. This entry was posted on Wednesday, September 23rd, 2009 at 05:04 pm and is filed under Bingo News UK. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

Awful Bets – Why Do We Make Them?

admin — Sat, 18 Feb 2012 21:45:35 +0000

Awful Bets Why Do We Make Them?
Bad bets attract the similar of billions of dollars in wagers from millions of individuals around the world each and every week. Most professional gamblers look in the promoters benefits through the gambler to decide if a particular wager is actually a undesirable bet. If the promoter has an benefits of three per cent or more, it can be considered a poor bet. Every single day millions of people acquire lottery tickets without having the slightest consideration of the promoters advantage. Between the promoter and the Government as much as 50 percent is removed from the prize pool either just before or partly just before for overheads and after the draw as tax. If that is certainly not poor enough, the gamblers odds of succeeding a prize of any description are thousands to one in opposition to and the odds of succeeding the huge one are hundreds of thousands to one against. Several of the players making these wagers are effectively mindful that they have only a really slim chance of winning a serious prize but most are amazed when shown the mathematical odds towards such a win. My wife is effectively conscious of the odds but each and every week, she plays a set number of games in Gold Lotto, a local lottery sort casino game which is somewhat comparable to Keno. Bingo is an additional classic example of a bad bet. Thousands and thousands of people wager on it every week. A return of 75 per cent of the take to players is deemed a good return in bingo. The odds in opposition to acquiring a bingo and the low return to gamblers make this a classic unhealthy bet. The Huge Wheel or Wheel of Fortune gives the promoter an edge of about 15 per cent. Fortunately most of us only ever wager on this at fairs and other charity events so we know our money is going to a beneficial cause. The gambling den has an benefit of at least twenty five % when we bet on keno. I know this except whenever I have a meal at a gambling den I invariably play a couple of games throughout the course of the meal. If you location a five amount line wager in roulette and select the double zero to 3 wager, you might have chosen the worst achievable bet in roulette. On this one the gambling dens benefits is a bit over 7 percent. Recall hearing the stickman on the craps table continually extolling you to bet Any craps? It can be a sucker wager as are all of the proposition wagers. Video poker and Slots are all undesirable wagers unless you read the placards on the machines. Because of the way in which prizes are calculated for winning combinations, you must often bet the maximum variety of coins or the gambling establishment will always win. This is why it can be much better to wager on a lower denomination machine and bet max than to bet the same quantity as a single coin on a higher denomination machine. Right now most individuals believe that the gambling houses have a very little benefits when you wager on black jack. Wrong, unless you may have mastered at least a basic blackjack strategy. The use of this method changes the house advantages from about five per cent to about one p.c and this permits a skilled gambler to grow to be a regular winner. These examples of undesirable bets highlight our willingness to regularly make undesirable bets. Interestingly many of the individuals generating these bets do not contemplate themselves to be bettors. It is specially correct for the buyers of lottery tickets and bingo players. Cleaver marketing campaigns have popularized numerous of the bad bets to the extent that many folks area them with about as significantly forethought as we give to purchasing our preferred breakfast cereal with the supermarket. It is especially correct for that lotteries. For the lottery ticket purchasers, I believe that it truly is the allure of instant riches fueled by the publicity given to the major winners collecting their checks in exchange for what amounts to no a lot more than the cost of a couple of cups of coffee that induces so numerous to contribute to a prize pool from which the vast majority will never benefit. The rest of us fall into three groups namely people who have made these wagers on a regular basis above an extended period of time without ever questioning the wisdom of such bets, individuals of us who are overtaken by a combination of the euphoria of the moment and alcohol and lastly those that thought it seemed like a great bet on the time. Of course youll find other more scientific explanations for this but the afore mentioned explanations are a lot kinder to people of us who make undesirable bets. May Lady Luck smile upon you the next time you location your preferred undesirable bet. You must be logged in to post a comment.

Atlantic City Casino Fined While Pennsylvania Revenue Soars

admin — Fri, 10 Feb 2012 03:15:07 +0000

Atlantic City Casino Fined While Pennsylvania Revenue Soars
This week in the Northeast has exemplified the difference between Pennsylvania and New Jersey casino gambling industries. While the Pennsylvania casinos appear headed for a takeover as the top gaming state in the region, New Jersey casinos continued to get fined for allowing underage gambling.The Tropicana Casino and Resort was fined $27,500 for violating regulations regarding underage gambling. The casino, according to the New Jersey Gaming Enforcement Division, allowed a 14 year old boy to play slot machines on August 12th of last year. The report claims that a security officer walked passed the boy and did not stop the illegal gambling.In addition to the underage gambling fine, the casino was hit with a $10,000 for not removing the ten cards out of the deck in the game Spanish 21. The ten cards are not used in the game, and by leaving them in the decks, the casino violated game rules. The game is played similarly to blackjack, with a couple of slight rule changes.While New Jersey was dealing with the fines and a growing insecurity as to when the gaming industry will rebound from the 2008 economic recession, Pennsylvania casinos are feeling no such effects. Regulators announced on Tuesday that the state’s ten casinos’ revenue for 2011 was up almost 22% from 2010. The casinos topped the $3 billion mark in total revenue.Analysts had been predicting that Pennsylvania would pass New Jersey by the end of 2012 in overall gaming revenue. New Jersey, however, could tilt the odds back in their favor if they can successfully lobby the federal government to overturn the 1992 law that makes it illegal for states to offer sports gambling. New Jersey lawmakers have already passed legislation that would allow sports books at AC casinos.In 2011, AC casino revenue was $3.3 billion. With Pennsylvania closing in on that number, AC casinos are searching for ways to weather the storm that will soon include casinos in Massachusetts and New York. AC casinos may soon also get the advantage of operating online casinos, with Senator Raymond Lesniak pushing for online gambling. January 18, 2012Posted By April GardnerStaff Editor, CasinoGamblingWeb.comSubmit News!