Author: Staff (Page 9 of 18)

      Entertainment money pours back into Las Vegas

      January 16, 2013 /

      Las Vegas is still having some issues following the economic crisis of 2008. Things have changed a lot in the city, and as a result we saw a collapse in the local real estate market. While visitor numbers are creeping up, gambling receipts are still a problem as Macau attracts so many of the world’s high rollers.

      You wouldn’t be able to guess, however, if you pay attention to the shows and the nightclubs. Celine Dion just signed a $100 million extension with Caesars. and now there is speculation that Britney Spears could easily top that figure if she completes a deal as well.

      Meanwhile, the biggest, newest casinos are killing it. Places like Aria and the Cosmopolitan are packed with the beautiful people, while the hottest clubs are packing them in again.

      So Las Vegas continues to evolve. It still attracts the big time poker players, so it’s a mecca for that sport. As more people play online, it just creates more and more players who want to test their skills in person against the best in Las Vegas. If the feds ever get their act together and set up a federal regulatory system for online poker, the popularity will probably explode even more, and that’s very good for Vegas.

      The key, of course, is dealing with all the distractions when you get there. Of course we all want to live like a high roller, but living that life has its costs. The booze, the women and the all-night parties make it a lot harder to be effective at the poker table for long stretches of time.

      So the real key is discipline. Are you serious about being a winning poker player, or are you more concerned with bringing a hot babe to the Britney Spears concert? These are the choices you have to make. Win first, and then enjoy the festivities.

      Casinos, Nightlife, Poker

      Court rules that poker is a game of skill

      November 25, 2012 /

      We all know that poker is a game of skill. Now others are starting to take note, as a federal judge ruled in a recent decision.

      Poker is a game of skill that is not covered under the federal Illegal Gambling Business Act, Eastern District Judge Jack Weinstein ruled yesterday.

      Weinstein (See Profile) reversed the jury conviction of Lawrence Dicristina and found that, as a matter of law, Congress did not clearly intend to criminalize poker when it passed the act. Part of the judge’s reasoning was that poker games, in this case Texas Hold’em, are not purely games of chance.

      “Bluffing, raising and folding require honed skills to maximize the value of the cards dealt by Lady Luck,” Weinstein said in United States v. Dicristina, 11-CR-414.

      In a 120-page decision, Weinstein noted that New York courts have long considered that poker contains a sufficient element of chance to constitute gambling under state laws, N.Y. Penal Law §225.00(2). But the federal law is ambiguous as to whether it federalizes state gambling offenses, he said.

      Even the attractive lady above can use her “assets” to help distract players. There are so many factors that go into winning money at poker. It’s nice to see some feds finally agree.

      Casino Games, Poker

      Many gambling initiatives on the November ballot

      October 29, 2012 /

      Have we finally reached a tipping point where legalized gambling starts to become entrenched in the American lifestyle? ambling has always been there of course, it was either underground, in Las Vegas, run by charities or online, and we’ve seen all of these converge with bingo sites and sports gambling on the web. The churches and the neighborhood bookie used to be your only options, but now consumers can enjoy themselves with a variety of outlets.

      In Maryland you have an effort to add another casino and then expand the current casinos to allow table games in addition to the slots. The Washington Post recently endorsed the new referendum in an editorial even though they initially opposed Maryland gambling several years ago when it was put in place. That just shows you how much things have changed.

      With that you’ll see more competition for online gambling sources, but also more opportunities as well. More competition leads to more creativity and more options for the entertainment dollars of consumers. Poker sites offer freeroll jackpots, and bingo sites offer things like jackpot bingo promotions. We’re also seeing the fantasy sports sites get into the game, with free weekly contests with a significant cash jackpot. With more freedom comes more fun!

      Casinos

      Amazing sports bets that came good

      October 4, 2012 /

      The joy of sports betting is that every now and then a punter gets lured in by massive odds and the unexpected happens and they win big.

      Check out three eye-catching bets that have come good in recent years and if you fancy a dabble yourself then why not bet on sports at ladbrokes.com as they have odds on every major sporting event.

      Mali madness

      When Mali found themselves 4-0 down against Angola with just 15 minutes to play in the opening game of the 2010 Africa Cup of Nations, the Eagles looked to be heading to a heavy defeat.

      One shrewd punter, though, placed a £5 bet on the two teams to draw at 1000/1 – and then watched on in amazement as Mali scored four times, including twice in extra time. The 4-4 draw netted the punter a cool £5,000.

      A 19-match bet strikes gold

      As every punter knows, football accumulators are difficult to get right.

      Predicting the outcome of a large number of games is incredibly tough, but the potential rewards for doing so make it a popular punt. So fair play to the bloke in November 2011 who correctly predicted the outcome of 19 matches having staked one euro at 683,783/1. Nice work!

      The joy of six

      A hotel worker hit the headlines in 2004 when he became the biggest winner in the history of British betting.

      The plucky punter correctly picked six winners from various horse racing meetings, meaning his £2 bet returned him £870,000. Newspaper reports at the time claimed the guy celebrated his huge windfall with a few drinks at his local pub – and who can blame him!

      Sportsbooks

      Problem gambling not excessive in Ohio

      October 2, 2012 /

      One of the best arguments against legalized gambling is that some people develop serious gambling problems, thus making the activity essentially unsafe. Yet the counter to that is the issue of freedom. Why should the state deny us a recreational activity we enjoy just because some people can’t control themselves?

      Regardless of your opinions on the matter, it’s still in society’s interest to identify and help those who develop gambling problems. So far in Ohio, the good news is that the numbers are not out of control:

      The number of Ohioans who had gambling problems or were at risk of developing problems was relatively small as the state embarked on a dramatic expansion of gaming, but experts believe the proportion will increase.

      Nearly 3 percent of Ohioans age 18 and over, or about 250,000 individuals, reported problems in a survey released today by state officials.

      Kent State University conducted the survey of 3,600 people February through July. (Read a summary of the report in the document reader below).

      Officials plan to repeat the study roughly every three years to measure the effect of increased opportunities to gamble.

      Let’s hope this continues, as casinos have only been in Ohio since the spring.

      Casinos

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