Casinos Earning Tons of Money from Penny Slots

Yep - penny slots. We like them too and find them always a blast to play on max bet when we visit a casino. Seems like gamblers in the recession find penny slots alluring too - they are raking it in.
The penny slot machine, once a joke among serious gamblers, is the hottest form of betting during this recession. Even casinos that cater to wealthy gamblers are replacing $1 machines with video slots that accept bets one cent at a time. "You can play longer with less money on penny slots," says Ed Feigenbaum, editor of Indiana Gaming Insight, a newsletter. The penny machines accounted for 36% of bets at Indiana casinos in July, up from 8% in 2005.
At USATODAY.com
iPhone Casino App - Play Craps and More

We just got word of a Casino video game for iPhone. We downloaded it and can safely say it's pretty solid. You can read a full review here.
Astraware has made a casino video game into an app for the iPhone called Astraware Casino. Here you can play blackjack, two types of video poker, Texas Hold em, roulette, craps, baccarat , 3-card poker, keno, slots and horse racing. It's 99¢ right now and looks easy to play. In addition, it's only a game. No money is lost. Except your 99¢.
Via Digital City
Gambling Revenue Down Across U.S. - Las Vegas Down 15 Percent in June

Yep - it's not looking like a very HOT summer in Las Vegas or other casinos across the US. Things should rebound once we have jobs, money, a home to stay in - etc. :-)
Gambling revenue is no longer a sure thing for many states.
In yet another sign of the recession's toll on the U.S. economy, eight of the 12 states that allow commercial gambling, including Nevada, experienced declines in revenue, the Wall Street Journal reports.
In 2008, states' take from casinos was down 2.2 percent to $5.7 billion, according to the American Gaming Association, and casinos as a whole earned roughly $33 billion, down 5 percent from the previous year's total.
At Gambling Revenue Down Across U.S. - Gambling Casinos Profits Down - WKRG.com
Hard Rock Hotel & Casino Las Vegas Introduces Paradise Tower - Cheap Room Rates

Paradise Tower becomes the newest addition to Hard Rock Hotel & Casino. The highly anticipated project, completed almost two months ahead of schedule, has created jobs and hope as the Las Vegas horizon begins to see signs of resurgence. The new tower opened this past week and is ready for booking.

Just as Hard Rock Hotel & Casino is known in a sense for upping the game in Las Vegas, the new Paradise Tower steps up the Hard Rock's game on the hotel side. The tower's 490 lavish rooms were designed with the property's signature party attitude in mind but with a jolt of sexy sophistication. Hotel devotees will notice a significantly more luxurious atmosphere in Paradise Tower, but without sacrificing the irreverent, anything-can-happen feeling that they've come to expect. Rooms evoke visions of a rock 'n' roll manor house, using iconic materials like leather, wood and silver studded velvet to enhance the sensory experience and emphasize that this is no standard hotel room. Designed by Mark Zeff, the rooms exude a chic playfulness with atmospheric touches that allow for optimal comfort and function by day, but then come alive at night.
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