January 29, 2007

The Casino Dictionary

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If you dont know the difference between the nut and a push, then this is the book for you. The Casino Dictionary will lay out all the terms and phrases that you hear whizzing past your head while you're drunk on the joys of a modern casino. Pick up a copy, and carry it with you on your Vegas trip, or just peruse it when you get back home and have a burning question. Alternatively, you could impress your poker buddies by starting to spew out the terminology like a pro! No gambling book shelf is complete without it!

Russell Miner Permalink | Comments (0) | social bookmarking

January 24, 2007

Step aside Vegas, Macao is the New Top Dog

Macao Flag

Macao surpassed the Las Vegas Strip to become the world’s biggest gambling center in 2006, measured by total gambling revenue, according to industry analysts and government figures released today.

In the eight years since Macao, a former Portuguese colony on the coast near Hong Kong, was returned to Chinese control in 1999, it has experienced a huge boom in casino investment, and millions of mainland Chinese have been flooding into the tiny island territory to gamble.

As a result, gambling revenue soared by 22 percent in 2006, reaching $6.95 billion, according to figures released by the local administration today.

We knew it was coming, and now its official. Macao is the now the world's gambling center. But don't worry Vegas, you'll always have a place in our hearts!

Read more at the Financial Times.

Russell Miner Permalink | Comments (0) | social bookmarking

January 22, 2007

Net Teller Leaders Arrested in US, Stops Taking US Funds

It looks like the US is serious about enforcing its new anti-online-gambling act, and Net Teller's leaders are living proof.

Neteller plc announced today that it has temporarily suspended its shares on the London AIM stock market after its two Canadian founders and former directors were arrested in the United States. Investors were left rather shocked by the news after Neteller issued the following statement:

"While travelling separately in the US, Mr (Stephen) Lawrence and Mr (John) Lefebvre, both former directors of the Company, were detained by US authorities on Monday, 15th January 2007. Other than as shareholders, neither Mr Lawrence nor Mr Lefebvre has any current position with or connection to NETELLER. The Group has not received any communication or correspondence from any US authority regarding this or any related matter. . . Pending clarification of the situation the Board has sought immediate temporary suspension of NETELLER's shares. Further information will be issued in due course."

Reported last week at Gambling Planet
------

Later in the week :

Due to recent US legislative changes and events, effective immediately, US customers with Neteller accounts are no longer able to transfer funds to or from any online gambling sites.

All US members will continue to be able to use their NETELLER e-wallet account to safely transfer funds to and from non-gambling merchants and are not required to close their account or withdraw their funds.

Also on Gambling Planet

Russell Miner Permalink | Comments (1) | social bookmarking

January 17, 2007

Spamalot To Open at the Wynn

Spamalot


It looks like Wynn has scored a big one, getting the broadway hit Spamalot to come to its Las Vegas resort. We think the show will be as fantastic a success in Vegas as it has been elsewhere, and we can't wait to see it on our next trip!

With SPAMALOT, Eric Idle has created a deliriously funny live spectacle which tells the legendary tale of King Arthur and the Knights of the Round Table, and their quest for the Holy Grail. The show features lusty maidens, dancing divas, a killer rabbit and the only legless knight appearing on the Las Vegas Strip.

Monty Python's SPAMALOT will star John O'Hurley, best known as J. Peterman on Seinfeld. O'Hurley was the ultimate champion on season one of Dancing with the Stars and is the new face of Family Feud. O'Hurley, who has worked on stage throughout his career, starred on Broadway in Chicago, as Billy Flynn.


Read the news article at the Casnio City Times

Also check out the Wynn website and the Spamalot website

Russell Miner Permalink | Comments (0) | social bookmarking

January 15, 2007

Poker After Dark, An Intriguing New Show On NBC

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NBC has jumped on the poker bandwagon with their new show, Poker After Dark. Its airs late night (2 a.m. in most markets), and is NBC's attempt to get in on the poker craze. As a late night show, we think it works nicely, though as the review at PokerNews.com points out, the show's format does sometimes lack in the commentary.

All in all, its more poker for us to consume, and if we're up that late, maybe a little less Mike Sextant is just what the doctor ordered.

Here are some more links on the show itself, and check your local listings for airtime:

Official Poker After Dark Show Website

The Official Poker After Dark Blog by NBC

Poker News.com Review of the Show

Some Classic Phil Helmuth fun on the show via You Tube

Russell Miner Permalink | Comments (0) | social bookmarking

January 13, 2007

AVN Adult Entertainment Expo Takes over Vegas

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Well, Vegas has become a home of naked bottoms and flashing breasts. We mean.. MORE naked bottoms and flashing breasts. If you happened to notice a porn star or two as you were hitting the hot spots around Vegas recently, it wasnt you're imagination, it was the advent of the 2007 AVN Adult Entertainment Expo, the largest adult entertainment tradeshow there is.

Unfortunately, we missed everything *stupid poker!*, but lucky for us, there are sites like Fleshbot, who followed every detail of the expo.

Follow the following link to Fleshbot's coverage with care, as it is most deffinitely NOT SAFE FOR WORK.

Russell Miner Permalink | Comments (0) | social bookmarking

January 6, 2007

No Walk Out at Foxwoods?

It seems that the walkout of employees at the Foxwoods Resort and Casino in Connecticut that was expected to happen over the New Years weekend failed to materialize.

"The Mashantucket Pequot tribal chairman said this morning that the tribe-owned Foxwoods Resort Casino cares about its employees and questioned the "momentum" of the group of employees who planned to call out sick in large numbers.

…'If those people had the momentum they claim, we would've seen something over the weekend,' said Michael Thomas, chairman of the tribal council, after today's inauguration ceremony for tribal leaders.

"'He's right,' said spokesman Bruce MacDonald. 'We had a very busy New Year's Eve. We were fully staffed. We were over-staffed just in case a lot more people called (out).'…"

As seen on the Casino City Times

Well, while its always good to see gaming establishments staying open for business, we hope that at least all the publicity has awakend the Foxwoods management to the grievances of its employees so they can be addressed.

Russell Miner Permalink | Comments (0) | social bookmarking

January 5, 2007

The News Stories of the Year

The Casino City Times, one of the sources we use for daily news on the Casino Industry has posted their list of news stories of the year. Clearly, it was a big year for the gaming industry.

Here are their top 5:

1) U.S. prohibits, others regulate Internet gambling

Congress took steps to prohibit Internet gambling in 2006 with the Unlawful Internet Gambling Enforcement Act. The law doesn't actually ban Internet gambling, but it does prohibit banks and financial institutions from processing transactions to Internet gambling companies. As a result, several large online operations, including PartyPoker, stopped accepting U.S. play in October.

Many in the Europe Union, meanwhile, have taken steps to regulate Internet gambling. The UK, Spain, and Italy all made moves toward regulations while France and Germany took stances similar to the U.S. -- passing legislation to make Internet gambling illegal.

Meanwhile, British Culture Secretary Tessa Jowell led a conference of 30 nations that discussed the best way to govern Internet gambling (the U.S. did not participate). There was little agreement from the group, except in determining that prohibitions would do little more than drive the industry underground.

This story is here to stay for a while, and 2007 should provide plenty of interesting developments as the world attempts to cope with Internet gambling.

2) Harrah's sold

On Dec. 19, two private-equity firms purchased Harrah's Entertainment for $17.1 billion -- proving once again that land-based gaming is one of the world's most profitable industries.

While Internet poker struggles through regulation issues, land-based gaming is booming. Most of the major casino companies are expanding. And televised coverage of poker tournaments is at an all-time high, led firmly by the Harrah's owned WSOP.

Harrah's purchase price is worth more than the entire online gaming industry ($12 billion). And Harrah's employs more than 80,000 people in a network of 39 worldwide gaming destinations.

3) Harrah's New Orleans reopens post-Katrina

Harrah's New Orleans reopened on Feb. 20, just in time to welcome back more than 1,500 employees for the tourist-rich Mardi Gras celebrations.

Once a crown jewel of the Harrah's Entertainment operation, the New Orleans casino was forced to close its doors in August of 2005 after flood waters from Hurricane Katrina shut down most of the city.

There was a time when people questioned whether New Orleans could bounce back from the tragedy, but the reopening of employee-heavy venues like Harrah's and the Superdome ended some of the speculation and brought much needed revenue back to the city.

In May, the largest poker room in the South played host to a successful World Series of Poker Circuit Event, proving Harrah's New Orleans and the city itself was back to business as usual.

4) Sands opens online casino

Late in the year, the Las Vegas Sands stunned the international gambling world by announcing it was partnering with Cantor Gaming to open an online casino targeted at the European market.

Already perturbed by the UIGEA, Internet gambling companies are crying foul. While they risk arrest if they take U.S. players, the Sands – a U.S. company – can enter European and Asian markets freely. The Sands online casino will not accept U.S. players when it opens.

Other U.S. brick and mortar casinos have opened online casinos in the past (e.g., the MGM), but they have never found them to be profitable. Clearly, the atmosphere has clearly changed enough for the Sands to believe it's worth another try.

5) Macau

The former Portuguese colony grossed more gaming money than Las Vegas in third quarter, according to Francis Tam, Macau's Secretary of State of the Economy and Finance. It's the first time the tiny Asian territory surpassed in that category. And some experts have Macau beating Las Vegas, making Macau the largest gaming center in the world for that timeframe.

Macau gaming saw more than $6.25 billion in revenue in 2006, and some analysts expect that it will surpass Las Vegas – which drew just over $7 billion in gaming revenue in 2006 – this year.

Macau already has 24-casinos and is expanding rapidly. Construction is already underway for the $975 million MGM Macau. And with major gaming brands like The Sands and the Wynn Casinos focusing on Macau, it may be gambling's top destination for years to come.

Head over to the main story to see all of their lsit.

Russell Miner Permalink | Comments (0) | social bookmarking

January 2, 2007

No Pubilc Smoking In Nevada.. Unless You're Gambling of Course

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Sounds like you will continue to be able to enjoy a smoke free environment when you eat, but not necessarily when you play.


"District Judge Douglas Herndon on Thursday upheld the state's anti-smoking law but threw out any criminal penalties associated with lighting up in the wrong places.

Smokers who violate the Nevada Clean Indoor Air Act can still face a $100 civil fine for each infraction, Herndon said.

Supporters of the law, which voters passed last month, hailed the decision.

"It's a victory because exposure to secondhand smoke will be eliminated now. That's a victory for everybody," said Stephen Minagil, a lawyer for the Southern Nevada Health District.

Technically, Herndon's ruling applies only to the businesses that sued to block the law, including PT's Pub and Village Pub and the more than 200 members of the Nevada Tavern Owners Association, but authorities in Southern Nevada and much of the state had been waiting for Herndon's decision before gearing up enforcement.

Thursday's ruling won't become official until the judge signs a written order, which could take up to two weeks.

The law bans smoking in restaurants, grocery stores, bars that serve food and most other indoor gathering places that are open to children. Casino gaming floors, strip bars and standalone bars are exempt."


Read the rest over at the Casino City Times

Russell Miner Permalink | Comments (0) | social bookmarking
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