August 16, 2006

Whales on the Decline

whale

If you happen to be one of the lucky few out there with lots of money to blow, and a hankering for the big casino lifestyle, it looks like Casinos may be a bit less willing to go that extra mile for you. Yup, just like in the real world, the Whale is looking like it will be endangered.

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August 10, 2006

California To get new Slot Machines, and A New Casino!

It looks like "AAAhnold" is hard at work trying to generate more funds for the state of California. WIth this deal, he is allowing some Cahuilla Indians to make a bunch of new slot machines, as well as open a new casino. And at 15%, that aint half bad.


Gov. Arnold Schwarzenegger and one of the state's richest Indian tribes are expected to announce a deal Tuesday that would send nearly $2 billion in casino earnings over the next two decades to the state's general fund, much the way taxes are collected on other industries.

In exchange for giving up a previous deal that did not require the tribe to feed California's coffers, the Agua Caliente Band of Cahuilla Indians would be allowed to increase from 2,000 to 5,000 the number of slot machines it operates, as well as open a third Palm Springs-area casino.

The tribe would pay the state 15 percent of its net earnings from the new machines and an increased share of revenue from its existing slots, said the Agua Caliente's press secretary, Nancy Conrad.

"This is a deal that the tribe is very happy with, that all sides will be very happy with," she said. "Look at how much is paid out in business tax by others — it's about 8.3 percent. This is well above that. The tribe is paying more than its fair share."

Read the whole story at Gambling Planet

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August 7, 2006

The Legal Ambiguity of Online Gambling

There is a lot of ambiguity today about online gambling. And while that ambiguity may be cleared up for everyone real soon, the current state ofthe industry is grey grey grey.

A recent wired article takes a look at the gaming industry, to try and decipher wether its ok, or not ok, to win those poker tournaments online.

The House bill that would ban internet gambling -- except for horse race betting and state lotteries -- is an attempt to close a perceived loophole in the 1961 Wire Act, one of a series of laws meant to crack down on racketeering.

Similar legislation failed in the House in 2000, but many blame that on the efforts of disgraced lobbyist Jack Abramoff, who is accused of spending lavishly to get the bill killed on behalf of an online lottery company.

The Wire Act explicitly forbids businesses from using a wire communication facility to assist in placing bets on "any sporting event or contest." But the wire law doesn't cover other types of casino betting, a federal appeals court in New Orleans has ruled, leaving some doubt whether prosecutors can shut down Internet poker and other casino games.

Of course, with or without a new law from Congress, the Justice Department interprets all online gambling to be illegal. Other countries allow it, so online companies have set up operations outside the United States but with easy access to U.S. players and their computers.

"Online poker is online gambling. And online gambling, we would say, is illegal," Justice Department spokeswoman Jaclyn Lesch said.

Read the whole article at Wired

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July 27, 2006

The Power of Gaming, in the Palm of your Hand

treo.jpg

So your at the Venetian, your wife has told you that she absolutely MUST go see the shops, and you have no alternative but to go along with her. As you are being dragged from one shoe store to another, all you can think about is getting back to that gaming table and continuing your hot streak. But sadly there's nothing you can do.... until now!

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July 25, 2006

Students Turning their Gambling Online?

Gaming

As we here at Casino Snob can all recall, college students are one demographic that surely enjoys the thrill of gaming in casinos. The young, fun loving, risk taking lifestyle fits snugly with the action and excitement of a night out in a swanky locale, pressing your luck and enjoying a martini. It should come to no surprise then, that a recent study shows that students are also warming up to having a night in while gambling.

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July 20, 2006

Myriad World Resorts Looking to make Missippi a Little More Fun

Domed Golf

It appears that the growth of casinos in Mississippi continues on, even after the Katrina disaster. Tthe best part is, people are thinking big. Not impressed yet? We've got two words for you... domed golfcourse.

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July 19, 2006

Big Online Casino Bust in Missouri

FBI Bust
It seems that the crackdown on online casinos has begun, at least for BentonSports PLC.
ABC News has reported that a massive indictment has come down against BentonSports and its proprietors.

Internet gambling was dealt a major blow today when a federal grand jury returned a 22-count indictment against 11 people and four corporations on charges of racketeering, conspiracy and fraud, the Department of Justice announced.

Among those charged was one of the Web's most popular gambling destinations, BetonSports PLC, which owns several Internet casinos and sportsbooks, and the founder of BetonSports.com, Gary Stephen Kaplan, as well as BetonSports.com CEO David Carruthers..


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