Hey! What passes for good news on the casino revenue front: the decrease in revenue isn’t as bad as it’s been. Who would have thought we’d be saying that back in 2007? From the LV Sun: Casinos along the Las Vegas Strip won $480.8 million in May, making it the 17th straight month of a […]
Nevada revenue decline declining Read More »
news about gamblingThe casino industry has lost one of its major innovators with the passing of Bernie Goldstein this weekend. From the Quad City Times: Bernard “Bernie” Goldstein, 80, who got his start in business as a scrap metal dealer and became a major player in Americas gambling empire, died Sunday in Trinity Pathway Hospice, Bettendorf. “Im
Bernie Goldstein, 1929-2009 Read More »
news about gamblingCasinos in most of Russia are about the close. From BBC News: Gamblers in Moscow and other major Russian cities are placing their last bets ahead of a government ban on casinos and gaming halls. A new law comes into effect at midnight, confining gambling to four regions far from the capital. It bans gambling
Russian casinos closing Read More »
news about gamblingColorado casinos are getting ready to start play with more games and higher betting limits. From the Colorado Springs Gazette: At the Colorado Grande Casino in Cripple Creek, the last security cameras are being placed over the roulette table. At Bronco Billys Casino, gamblers are laying wagers on blackjack table in the new table games
Gambling history in Colorado Read More »
news about gamblingIf you don’t get your slot jones on in the airport and can’t wait to get to a casino, you will soon be in luck: the county commission has approved a proposal for slots at the unified car rental center, even though the bid seems a bit high. From the LVRJ: Anxious to get revenue
Connected to this WSJ article about the NFL not liking sports betting, there’s a pretty neat, though somewhat vague, interactive map of American gambling: The NFL Doesnt Want Your Bets – WSJ.com.
Interactive gambling map Read More »
news about gamblingYes the Tropicana Atlantic City, which was “repossessed” by the Casino Control Commission over a year and a half ago, has finally been sold…to Carl Icahn. From the AC Press: Tropicana Casino and Resort, once expected to fetch $1 billion or more, was sold today for $200 million to a group of lenders headed by
Our long national nightmare is over Read More »
atlantic city, news about gamblingI think this story from KLAS really demonstrates what a global business gambling has become: Federal prosecutors have charged two men with conspiring to sell counterfeit video slot machines bearing the name of the Reno-based International Game Technology. The two men include a 43-year-old Cuban national accused of selling the slots in Latvia. Rodolfo Rodriguez
Global slot scheme Read More »
news about gamblingTaking a minute from the grind of analyzing the April Nevada gaming revenues, I figured I’d post this story, which surprisingly hasn’t really been picked up by the Vegas blogosphere. From KLAS: The Raelian Movement is announcing plans to build a UFOland in Las Vegas where visitors can attend a Happiness Academy and see a
If a red flag is flying, brazen bold against the blue… Read More »
haphazard world, life in vegas, news about gamblingThis morning I joined KNPR’s State of Nevada host Dave Berns and poker legend Howard Lederer in studio to talk about the Frank bill and the proposed legalization of online betting in the US: Americans are expected to lose $22 billion next year via Internet betting, although the practice is technically illegal in this country.
Talking online gambling on KNPR Read More »
news about gamblingYou can probably order a margarita at the Shell, but Trump Marina isn’t turning into Margaritaville anytime soon. From the
Marina not wasting away Read More »
atlantic city, news about gamblingAlmost 20 years to the day that Stanley Fujitake made gambling history at the California in downtown Las Vegas, a woman in Atlantic City has taken his crown as the longest craps roller ever. From the AC Press: A Morris County woman gave a whole new meaning to the expression “being on a roll,” as
Woman with the golden arm Read More »
atlantic city, news about gamblingLawmakers in the state of Illinois are seriously considering legalizing video poker and other electronic gambling devices throughout the state. With a maximum of 5 devices per location, this would be similar to–but smaller than–Nevada’s restricted licenses, which permit bars to have up to 15 machines. From the Chicago Tribune: Video poker has long been
Video slots comes to Illinois? Read More »
news about gamblingA high-roller who lost an incredible amount of money gambling in Las Vegas casinos is seeking to avoid paying some of his markers, claiming that he was too drunk to know what he was doing. From the LV Sun: High-rolling Nebraska philanthropist Terrance K. Watanabe is mounting an unusual defense to charges he failed to
The intoxication defense Read More »
news about gamblingDoes this excerpt from an article at The American about the decline of middle class cities sound like the past few years on the Strip? I think so: Ultimately, in good times or bad, cities have to want a middle class to have one. And politicians, if asked, will genuflect to the idea of maintaining
Luxury cities and high-end casinos Read More »
news about gamblingLas Vegas has lost one of its true legends. Claudine Williams, after a storied career, passed away yesterday. From the LVRJ: Claudine Williams, the first woman to run a Strip casino and considered one of the pioneers who shaped the gaming industry and Las Vegas, died Wednesday after a long illness. She was 88. Williams
Technically, sports betting isn’t banned in the Diamond State, but I figured this was a quick way to work in a George Thorogood reference. Here’s the story from USA Today: The Delaware state senate moved quickly Tuesday to approve a sports gambling bill, leaving only Gov. Jack Markell's promised signature as the final step before
Delaware destroys sports betting ban Read More »
news about gamblingThe Frank Bill, which would legalize internet gaming with several key restrictions, has attracted the usual range of partisan comment. Supporters of allowing people to play online insist it is a needed expansion of personal liberty, while opponents decry it as opening turning the dens and bedrooms of America into gambling parlors. Let’s start the
Legalizing Internet gaming…the federal solution Read More »
news about gamblingThe March gaming and tourism numbers are out, and it doesn’t look pretty, though only time will tell whether the bottom is near or somewhere in the distance. Statewide, all nonrestricted locations won 11.61% less this March than they in March 2008. In Las Vegas, visitor volume declined by 6.5%. Clearly, fewer people are coming
March revenue thoughts Read More »
life in vegas, news about gamblingThe Press reports that the Tropicana Atlantic City is almost ready to go on the block: After a 16-month saga, Tropicana Casino and Resort is one step closer to being sold. New Jersey gaming regulators today authorized the property to be auctioned off in bankruptcy. Gary S. Stein, the state-appointed conservator overseeing the sale, said
Trop sale soon…really Read More »
atlantic city, news about gambling