September 5, 2007

Internet Gambling Across the Pond

It sounds like those in the US who are just dying for some gambling action can get their itch scratched at UK gambling sites now. This may, in fact, be in conflict with US laws, but hey.. whats a little Unlawful Gaming Act among old friendly nations?

From Gambling Planet:


Britain's new gambling law comes into force at midnight, legalizing U.K. advertising campaigns for the first time and licensing online casinos that can accept bets from gamblers worldwide including the U.S.

William Hill Plc, Gala Group Ltd., and 13 other companies find out tonight if their virtual casino licenses have been approved to start accepting bets immediately, a spokesman for the Gambling Commission, the U.K.'s new regulator, said today. More than 300 others applied to operate licensed online sites including sports betting under the Gambling Act 2005.

The U.K. law highlights a potential conflict with the U.S.'s Unlawful Internet Gambling Enforcement Act, adopted in 2006, which prevents credit-card companies from collecting payments for online bets. The legislation has prompted gaming companies to shut down U.S. operations to focus on Europe and Asia.

"We aren't banning people from using Web sites based in the U.K.,'' Julia Smith, a spokeswoman on gambling for the U.K.'s Department for Culture, Media and Sport, said in a telephone interview. "It is up to the consumer what they do.''

It will be interesting to see if this becomes an issue between US and UK leaders, or if in fact the US will now have more pressure to repeal the Unlawful Internet Gambling Act.

Russell Miner at Permalink | Comments (0) | social bookmarking

August 27, 2007

MGM Grand Detroit Will Shutdown Before Their Grand Opening

One might first ask, how in fact, they are open in the first place if they are about to have a "grand opening". Maybe there was a "mediocre opening" first?

At any rate, if you plan to gamble at the MGM Grand Detroit, on or around October 1st, you should probably take a day off.

Casino City Times has the story:


As reported by the Detroit News: "For about 36 hours leading up to the opening of the new MGM Grand Detroit on Oct. 2, the gaming company's temporary casino will go dark.

"Which means MGM customers will have to go somewhere else to gamble, which means MGM Grand Detroit will lose about $2 million in revenue, or $1.35 million a day, $56,249 an hour, $937 per minute or $15.62 a second. Other losers: Michigan and Detroit, who won't collect $480,000 in gambling taxes. The numbers are based on figures MGM reported to the state for the first six months of 2007.

"While the casino will take a small hit, MGM officials believe the closing will ensure a smooth transition from its temporary casino to the new $800 million casino, hotel and entertainment complex a few blocks north on Third Street.

Temporary casino.. who'd have thunk it. Well, if the temporary casino was making that kind of money, we can't wait to see how spectacular the permanent casino will be!

Russell Miner at Permalink | Comments (0) | social bookmarking

August 22, 2007

Turbulent Market Even Effecting Hooters

We always love a good story about Hooters.

From Casino City Times:


The proposed sale of Hooters Hotel is being slowed by the turbulent debt market, according to the developer who has an agreement to purchase the property.

Richard Bosworth of Hedwigs Las Vegas Top Tier said the investment group is still working to buy the off-Strip hotel-casino for approximately $235 million, $95 million cash plus the assumption of debt.

However, he said, the volatile credit market has caused Hedwigs to re-evaluate some financing options tied to the deal.

"The capital market condition is out of our control," Bosworth said. "It doesn't put the deal at risk. It changes the pricing, some of the financial analytics of the deal."

Bosworth is president of a Santa Monica, Calif.-based advisory firm NTH Advisory Group, which jointly owns Hedwigs with a private equity investor he declined to identify.

"It is a very challenging time in the debt markets," said Mike Hessling, president of 155 East Tropicana, Hooters' parent company.

Hessling said during a second-quarter earnings call that he has not yet heard whether Hedwigs has obtained financing for the deal.

Speculation surrounding the Hooters sale comes a week after the neighboring Tropicana postponed a $2.5 billion redevelopment project at the 34.5-acre property, citing a recent downturn in the credit market.

Russell Miner at Permalink | Comments (0) | social bookmarking

August 14, 2007

UK Bans Gambling Advertisement

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It looks like online gambling in the UK isn't as safe as we thought.
The British government has dealt a blow to around a thousand gambling websites after it banned them from advertising in the UK. The government determined that despite the firms having been granted licences to run internet poker and casino websites, the offshore countries in which they were based do not have stringent enough regulations.

Accordingly, from September onwards any online firm based in gaming hotspots such as Costa Rica, the Netherlands Antilles and Belize will not be able to market in the UK, which will prevent well-known sites including Betfred Casino and Littlewoodscasino.com from advertising online, on TV, and in papers and magazines.


Read more at Gambling Planet

Image from Flickr

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August 10, 2007

Is Vegas CityCenter Construction Site Cursed?

News today of a rather gruesome death at the construction site of the CityCenter in Las Vegas. This one gives us the willies, but the worst part is, its the 3rd death on the site.

The Casino City Times has the story:

A construction worker was killed Thursday at a Strip construction site when he was cut in half by a counter-weight system used to operate an elevator, authorities said.

The accident occurred just after 6 p.m. at the Pelli Tower at MGM Mirage's CityCenter project, as the worker leaned into the frame of the counter-weight system to grease it, said Scott Allison, spokesman for the Clark County Fire Department.

While the worker was bending over, he was struck by the counter-weight system as it came down at about 300 feet per minute, Allison said.

Part of the worker's body ended up on the second floor, and the other half landed in the basement, Allison said.

The worker was most likely killed instantly.

"He probably had no idea what hit him," Allison said.

Of course.. it could just be that this construction project is massive, and accidents are bound to happen. But curses are way cooler.

Visit the MGM Mirage City Center website.

Russell Miner at Permalink | Comments (0) | social bookmarking

August 7, 2007

Heisted!

money3.jpg

Looks like this Ocean's Elveven is now Ocean's Ten:

The alleged ringleader of a $1.5 million Indian casino heist, an inside job in which 10 workers were hogtied, has been arrested, authorities said Monday.

Rolando Luis Ramos, 25, a video security technician at the Soboba Casino in San Jacinto, was arrested Saturday at a hotel near Los Angeles International Airport and booked for investigation of strong arm robbery, false imprisonment, kidnapping and battery, Riverside County Sheriff's Sgt. Dennis E. Gutierrez said in a statement.

Read the rest over at Gambling Planet.

If we've said it once, we've said it a hundred times. Don't think you can put one over on casinos! They know their security! But if you insist on doing it... you may want to have your passport ready BEFORE you rob the place!

Image at Flickr

Russell Miner at Permalink | Comments (0) | social bookmarking

August 6, 2007

MGM Grand Coming to Detroit in October

You know we love to hear news that a new casino is opening up, and this time the Motor City is the lucky winner of a brand new MGM Grand! We have been to Detroit before, and the usual gaming opportunities are sadly over the border in Canada. Now it looks like Detroit is going to put up its own fight and keep that gaming in the good ole' USA!

Casino City Times
has the story:

MGM Grand Detroit today announced that it will open its more than $800 million hotel and entertainment destination on October 2 raising Detroit's luxury hospitality offerings to unparalleled heights. Upon opening, MGM MIRAGE (NYSE:MGM) will have invested more than $1 billion into the community, demonstrating its commitment to the redevelopment of downtown Detroit and its intent to fuel economic growth while increasing business and leisure travel to the area. MGM Grand Detroit is owned by MGM MIRAGE and Partners Detroit, a group of local Detroit investors.
Russell Miner at Permalink | Comments (0) | social bookmarking

July 26, 2007

Second Life Shuts Down Gambling

We had a feeling it was coming.

From The Inquirer:


LINDEN LAB, hallowed creator of the Second Life virtual world, has announced that all in-world casinos and miscellaneous gambling joints are herewith to be shut down.

That means that the large chunk of users that enjoyed using in-world casinos and betting Linden Dollars on events both inside and outside the game world will now have nothing left to do.

Perhaps more to the point for Linden, the move will cut off the revenues earned from those owning Casino-style islands in the game, the owners of which are some of the top contributors to the Linden coffers through currency fees and land rental.

You can also read Linden Lab's own blog post. Here is a snip of the official policy change:


Policy

It is a violation of this policy to wager in games in the Second Life (R) environment operated on Linden Lab servers if such games:

(1) (a) rely on chance or random number generation to determine a winner, OR (b) rely on the outcome of real-life organized sporting events,

AND

(2) provide a payout in

(a) Linden Dollars, OR

(b) any real-world currency or thing of value.

This includes (but is not limited to), for example, Casino Games such as:

o Baccarat
o Blackjack
o Craps
o Faro
o Keno
o Pachinko
o Pai Gow
o Poker
o Roulette
o Sic Bo
o Slot machines

It also includes Sports Books or Sports Betting, including the placing of bets on actual sporting events against a book-maker or through a betting exchange.
Linden Lab will actively enforce this policy. If we discover gambling activities that violate the policy, we will remove all related objects from the inworld environment, may suspend or terminate the accounts of residents involved without refund or payment, and may report any relevant details, including user information, to authorities and financial institutions.

It is a sad, sad day for online gaming, and onling gaming.


Russell Miner at Permalink | Comments (0) | social bookmarking

July 25, 2007

Move to DeRegulate Online Gambling Growing

The Gambling Planet has some great news this morning, as we hear that the struggle to de-regulate Internet Gambling is gaining a little momentum. Here's the snippet:

July has been a good month for Congressman Barney Frank, Chairman of the influential House Financial Services Committee and author of Bill HR 2046 the Internet Gambling Regulation and Enforcement Act which proposes the regulation and taxation of Internet gambling in the United States instead of banning the pastime.

Five more Congressman have signed on to the Bill as sponsors, including Representatives Anthony D. Weiner (D-N.Y.) and Bennie G. Thompson (D-Miss.) who attached their support to the bill July 10, and Representatives Steven R. Rothman (D-N.J.), Michael M. Honda (D-Calif.) and Albert Russell Wynn (D-Md.) who signed up late last week.

The addition of the latest representatives grows the current list of co-sponsors to 32, up from the bill's original 11 when Frank first introduced the Act to the House in April.

We certainly hope that more congress-people will step up and help bring back Online Gambling for the US. We've certainly been missing it.

Russell Miner at Permalink | Comments (0) | social bookmarking

July 18, 2007

Sands Casino in Atlantic City to be Imploded: A Pinnacle Casino To Replace It

sands.jpg

Atlantic City is sometimes the forgotten sibling of larger casino destination rival Las Vegas, but the town hopes to change things as it ups the ante on what kinds of casinos and entertainment can be offered there.

From the Press of Atlantic City.com we get news of the pending implosion of an old AC staple: the Sands Casino Hotel, and its secret replacement coming from Pinnacle Entertainment.


Pinnacle Entertainment Inc. is promising some Las Vegas-style flair in a spectacular implosion this fall of the old Sands Casino Hotel.

But what will rise in place of the iconic Sands remains a mystery.

“See you in 2011,” Pinnacle Executive Vice President Kim Townsend coyly told an audience of Atlantic City business leaders who were anxious to hear plans for the resort’s newest casino.

Townsend, however, revealed precious few new details about Pinnacle’s proposed $1.5 billion megaresort in a presentation Tuesday to the Metropolitan Business & Citizens Association at Boardwalk Hall.

Pinnacle plans to break ground at the end of 2008 and begin full-fledged construction the following year. A grand opening is expected in late 2011.

The Las Vegas-based company, a newcomer to Atlantic City, will redevelop an 18-acre site overlooking the Boardwalk between Indiana and Kentucky avenues after the old Sands is imploded, probably in October.

“Truly, it will be a must-see event for all,” Townsend said while promising the Sands’ demise will match any of the extravagant implosions staged in Las Vegas in recent years.

Read the rest of the story over at the Press of Atlantic City.

Hopfully we will have another beautiful event to add to our movies of imploding casinos, and after thats done, a wonderful new casino destination.


Learn more about Pinnacle Entertainment and its casinos.

Russell Miner at Permalink | Comments (0) | social bookmarking

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