Gambling Law News


Win Some, Lose Some

Gambling Addiction News

Monday, May 25, 2009

Casino Stockpiles Cash

May 25, 2009

HONG KONG -- Even as some of its high-profile rivals struggle, Galaxy Entertainment Group Ltd. executives believe the casino operator has the financial breathing space to wait out uncertainties in the Asian gambling capital of Macau.

In an interview, Galaxy Vice Chairman Francis Lui cited the Hong Kong-traded company's buyback of US$223 million of debt at roughly 50 cents on the dollar, its cost-cutting efforts and its decision to slow construction of a new showpiece casino project. Galaxy, the No. 4 gaming concern in Macau by market share, now sits on about HK$5 billion (US$645 million) in cash.

Bloomberg News

Galaxy's StarWorld casino in Macau has seen its gambling share shrink.

"Before, it was about expanding at all costs, and that meant a lot of over-investing," Mr. Lui said Friday. In 2004, Macau had 450 gaming tables, and at its peak last year that number had risen tenfold, he noted. "The growth was not sustainable, and an adjustment should be expected," he said.

Two big stumbling blocks last year got in the way of Macau's growth. Mainland China tightened visa approvals, cutting into the territory's biggest source of traffic. Shortly afterwards the global financial crisis went into overdrive.

Mr. Lui said he turned down pitches>>>

Sunday, May 24, 2009

Bethlehem, Pa., Gambles on Steel Mill Casino Plan

by Aries Keck

All Things Considered, October 25, 2005 · The small Pennsylvania city of Bethlehem is haunted by steel. For about 140 years, Bethlehem Steel employed more than half of the area's residents. But in the 1990s the company dissolved, leaving behind a sprawling industrial wasteland, massive brick buildings and deserted machinery.

Now developers have a plan to preserve the old steel mill by turning it into a mega-entertainment casino complex. Aries Keck of member station WHYY reports.

The Las Vegas-based Sands Casino company wants to put 3,000 slot machines at the steel mill site. The $350 million project will also feature a monorail and a National Museum of Industrial History. Local officials see the casino plan as a way to help ease $374 million in city debt -- about half the profits would go into local government coffers.

Opponents of the plan worry that>>>

Saturday, May 23, 2009

Slot Machine Maker Hits Jackpot With Popular Games

By MARILYN MUCH, INVESTOR'S BUSINESS DAILYPosted 05/14/2009 05:50 PM ET

In a gaming industry where many contenders are on a losing streak, slot machine maker WMS Industries (WMS) keeps hitting the jackpot.

Armed with novel games popular with casino operators and players, WMS has been on a roll. Earnings have climbed by at least 24% the past 10 quarters.

WMS' winning results come at a time when the recession is taking a toll on casino operators and players.

As cash-drained consumers have cut back spending on big-ticket items, they're taking fewer gambling trips to Las Vegas and Atlantic City, N.J. Hurt by a slowdown in business, casino operators in these gambling hot spots have slashed spending on replacement games.

The Top Gun and other games produced by WMS Industries have helped it ride out a recession in the gaming industry. It shares in the casino's take.

The Top Gun and other games produced by WMS Industries have helped it ride out a recession in the gaming industry. It shares in the casino's take. View Enlarged Image

But WMS' business has stayed strong amid the downturn as customers continue to up the number of games installed on casino floors.

In the third quarter, earnings soared 34% from a year ago to 43 cents a share, beating Wall Street views by 6 cents. Revenue grew 5% to $180.8 million.

Since reporting results April 21, WMS' shares ran up as much as 33% before pulling back.

Its biggest rival, International Game Technology (IGT), wasn't so lucky with its second-quarter results reported two days later. Earnings slid 41%, while sales fell 17%.

WMS' success boils down to its knack>>>

Saturday, April 25, 2009

Gambling addiction

FireKeepers Offers Online Casino To Attract Potential Customers

The laws in the US are aimed at curtailing online gambling, but when money is not wagered, the online casinos are legal. That is one reason that the FireKeepers Casino that is coming to Michigan has already launched an online site to attract future customers.

The online casino site was set up for people to sign up to be a FireKeepers Red Hot Rewards Club member. As a member, the gamblers will receive promotional offers not given to regular customers. They also can begin earning points by playing the online games.

"Our website offers more than just information. It's a fun, interactive way to get introduced to the FireKeepers brand," said general Manager for FireKeepers Casino, R. Bruce McKee, "The website also provides us with an opportunity to begin building a two-way relationship with our customers."

The casino when it is complete is set>>>

Online Casinos - Your Poker and Casino Gambling Guide.

Welcome to Online-Casinos.com - your premier guide to online casino gambling.

We offer a huge variety of game rules, tools, strategies and advice on how to play all your favorite

casino games optimally and where to find the best places to play, helping you maximize the return

on your gambling dollars.

Monday, April 6, 2009

Beating the Casino With Every Bet - Critical Overview

By Brian Garvin and Jeff W

There are a lot of Gambling in Casinos Products on the market that claim to have the Best Casino Gambling Strategy for Las Vegas Casino Gambling. Beating The Casino With Every Bet is different in the approach that it takes for people using online casinos for their betting.

The Casino Gambling Poker program challenged users to look at online casinos as an investment and not as betting. It is this different approach that makes this program unique enough to give it a try. When you are betting with the thought of the potential investment that you are making, you will begin to take it more seriously and not consider it to be merely a game or even gambling.

This Casino Gambling Guide uses a mathematical approach that will be easy for beginners to follow. The program also states that you will only need a hundred dollars to begin your investing. There is no need to have a formal education to make a very good living from the online casinos. Even though Beating The Casino With Every Bet is geared toward Internet Casino Gambling, the principles can be applied to regular casinos as well.

There is a reason that professional gamblers are able to make a living from the casinos and this program will show you the right Casino Gambling Information. The reason for their success is because they consider all of their bets an investment and they follow a strategy to the letter. When there is a successful formula applied to your betting, you will find results as well. Why would you want to change something that is working for you?

It comes in a downloadable format so that you can begin right away with your education. You will also get a money back guarantee with the program when you download Beating The Casino With Every Bet. The information is laid out in a simple to follow approach that will be easy for you to get started with the methods. Once you read through the information you can get started using it to your advantage.

You can also get a few bonuses with your purchase of this product. There are a number of other money making informational books included that will give you some valuable information on how to make money online. This is a nice little extra that will show you some different things that you can do in your money making enterprise.

There is a lot of information contained in this program and you will be getting a good value for your money. The program alone is valuable, but when you consider all of the extras that you get as well, you will be getting a really good deal.

It can be difficult to cut through all of the Casino Gambling Pros Books on the market and choose one that will work for you, but this one takes a different approach and dares the user to think like a professional when they are using the program. Thinking about your bets as investments might seem like a simple concept, but it is truly what you are doing with this program.

Let Brian Garvin and Poker Pro Jeff West teach you more about Poker Chips and Casino Poker Chips at Poker Stars Direct. Use this article freely but please leave the Author Biography and Links intact.