Casino Industry: Outlook: Unfavorable
By HOWARD STUTZ LAS VEGAS REVIEW-JOURNAL The impact the recession had on the casino industry in 2009 has not been completely accounted for, but by all measures the year will go down as the worst on record. Through October, gaming revenues have declined more than 12 percent both on the Strip and throughout Nevada. Monthly revenue figures statewide have fallen to 2003 levels. Get ready — 2010 may not be any better according to one casino industry analyst. Fitch Ratings Service, which follows the high-yield bond markets, believes gaming revenues nationwide will continue to be pressured by the economy. Spending trends remain weak and unemployment will continue to reduce how consumers dole out their discretionary dollars. (Read the full post about ‘Casino Industry: Outlook: Unfavorable’…)
$1 Million up for Grabs at Online Poker Room
The leading online poker site’s UBOC Satellites and STEP Tournaments are up and running, with four new UBOC contests dealing out more cash prizes and tournament entries than ever. The festive mood continues at UB.com with the return of UBOC 4, the leading online poker site’s Championship tournament series, from January 20th through 31st, 2010. In the spirit of giving, UB.com has put four shiny new competitions under the UBOC tree, including the Single Event Satellite Contest, and the Super STEP Contest. There’s no need for ribbons and bows, because the gifts are impressive enough on their own. It’s UBOC’s headline Bubble Buster promotion that’s creating a buzz, and staying in the game after the Bubble bursts is worth up to $1 Million. (Read the full post about ‘$1 Million up for Grabs at Online Poker Room’…)
Colleges Need to do More About Gambling Addiction
The links between problem gambling and other mental health and addiction issues are manifold. "Gambling disorders tend to be highly co-morbid with other disorders such as alcohol abuse and so on," says Reilly. "And we know that kids who binge drink also gamble a lot, for example. There are a lot of connections." Recently, a task force convened to look into the issue found that the overwhelming majority of colleges and universities don’t even have formal policies for dealing with problem gambling on campus, according to Dennis Miller of the Behavioral Health Central Blog. The report, A Call to Action: Addressing College Gambling and Recovery from Addiction, includes a list of 10 policy recommendations its authors say schools should consider adopting. (Read the full post about ‘Colleges Need to do More About Gambling Addiction’…)
WPT Doyle Brunson 5 Diamond World Poker Classic
It’s fitting that in a tournament named in his honor, Doyle Brunson would take the spotlight. Heading into Day 3 of the Doyle Brunson 5 Diamond World Poker Classic, Doyle Brunson holds 283,000 chips, and is just a handful of spots away from the top prize in the $4,761,450 tournament.The Doyle Brunson 5 Diamond World Poker Classic Main Event began on December 14, 2009 with 329 players. Heading into Day 3, after 2 full days and 10 levels of play, 130 players remain.
(Read the full post about ‘WPT Doyle Brunson 5 Diamond World Poker Classic’…)
Hearing on Online Gambling without vote
Yesterday the hearing for legalization of online casino gambling took place in the House Financial Services Committee in the U.S.. Experts in the field of online safety, consumer protection and online gambling told the committee why regulated Internet gambling and consumer protection ensures the security of online transactions. Chairman Barney Frank introduced the Internet Gambling Regulation, Consumer Protection Enforcement Act, which the hearing is about. The hearing emphasized the success of existing systems and technologies in blocking minors from gambling online, prevent problem gambling, and protecting consumers against money laundering, fraud and identity theft.
Parry Aftab, managing director of Wired Safety, the largest Internet safety and help group concluded in its statement that regulation of online gambling is the best way to protect consumers.
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Blotter: US Senator wants to treat investing like gambling
US Senator Maria Cantwell (D-WA) is leading an effort to employ the same kinds of laws that states use to regulate casino operations and apply them on a much bigger financial stage: Wall Street. Senator Cantwell is proposing that the kind of “casino capitalism” that led to the downturn in the mortgage markets late last year may lead to another financial collapse due to unrestrained trading and financial instruments rife with risk.
As the major emphasis of her platform, Senator Cantwell is seeking to repeal sections of legislation passed in 2000 that prohibit states from restraining the market for derivatives trading. She
(Read the full post about ‘Blotter: US Senator wants to treat investing like gambling’…)
Paddy Power Launches Live Dealer Online Casino – 11-29-09
November 29 – Paddy Power Casino announced the launch of their all new live dealer casino product. The company employed the services of a highly successful live dealer specialist content provider and players will experience the best in online live dealer casino games.
The product is studio based with live streaming and similar to other live dealer casinos that players would have seen at other major UK based online gambling brands.
Live Dealer Casino highlights:
- 25 free bet (independent of the actual download casino bonus)
- Watch the dealers for free
- Play roulette, baccarat or blackjack
- Choose your own dealer
- 20% offer weekly roulette losses
- Play weekend tournaments and win up to 500
- Loyalty rewards program
Visit the Paddy Power Live Dealer Casino now.
Read our Paddy Power Casino Review.
(Read the full post about ‘Paddy Power Launches Live Dealer Online Casino – 11-29-09′…)
Barney Frank’s bills next week for committee
The UIGEA, it has been more talked about than the death of Michael Jackson and has been more discredited than the battle in Afghanistan. The anti-gambling laws of the United States has many opponents, the biggest opponent is Barney Frank, he has introduced 2 bills, one for the delay of the implementation date of the Law on December 1 (HR 2266) and the other to establish full legalization and licensing for online gambling (HR 2266).
The UIGEA is implemented as an attachment to a port security law and never got approved by the committee. Now a few days before the implementation of the anti Internet gambling law, an announcement that the two bills of Barney Frank will be up for discussion in the House of Representatives next week.
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Jackpot Deuces Pays $14K Jackpot At Online Casino
Aztec Riches Jackpot Deuces is not the most popular of online casino games, but that does not mean that it is not played. On Monday, the game paid out one lucky player $14,504 when the jackpot was hit.
The Jackpot Deuces jackpot continues a trend of jackpot hits at Microgaming powered online casinos. The software developer is one of the most famous in the world, and their games continually pay out large sums.
Yesterday, the Major Millions game paid out $251,403 at a Microgaming casino. Treasure Nile is another game that had the jackpot hit just a couple of days before the Major Million jackpot went. (Read the full post about ‘Jackpot Deuces Pays $14K Jackpot At Online Casino’…)
Clues Emerge in Online Poker Portal Founder’s Murder
An extortion plot may be at the center of a murder that rocked the online poker world this past August.
PokerListings.com founder, Andreas Oscarsson was found shot dead in his native Sweden. He was only 36.
"At this point, we do not have any details other than he was found dead in his bed on the morning of August 3rd. He had been shot," the PokerListings.com website reported at the time. PokerListings is one of the most recognized poker portals in the world.
This week, Pokerati.com reveals that Oscarsson was to have testified against a man allegedly trying to extort him for $2 million dollars.
A 44-year-old man allegedly tried to extort PokerListings for nearly $2 million; the site’s murdered cofounder, Andreas Oscarsson, was to testify against him this week on aggravated racketeering charges. Th
(Read the full post about ‘Clues Emerge in Online Poker Portal Founder’s Murder’…)
