May 24, 2007

Massachusetts Trying to Beat Native Americans at Their Own Game

We guess this goes under.. if you can't join 'em... beat 'em.

It looks as though Massachusetts may be making a play to beat the newly recognized Mashpee Wampanoag tribe to build a casino in the bay state. The Boston Herald has the story:


State Treasurer Timothy Cahill is proposing to beat the Mashpee Wampanoag Indian tribe into the casino business by partnering with private developers to build one or more destination resort casinos in the state, Cahill spokeswoman Alison Mitchell said Thursday.
Cahill was scheduled to outline his proposal at a meeting of the Greater Boston Chamber on Thursday morning.
The Cape Cod-based Mashpee Wampanoags, whose federal recognition becomes official on Thursday, have already purchased options on land in Middleborough to possibly open a casino by 2010. The tribe is also considering New Bedford as a site for a casino.

Head over to the Herald for more.

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

May 22, 2007

Mississippi Casinos Continue Rebound!

Its very very good to see things continunig to get back to normal in the Katrina - ravaged parts of the US. Casino City Times is reporting that Biloxi Casinos are having a record April:

BILOXI, Mississippi -- As reported by the Biloxi Sun Herald: "It was another record-setting month at Biloxi casinos in April with the seven casinos combining for a 42 percent increase in gross gaming revenue over last April and a 10 percent gain over April 2005, when nine casinos operated in Biloxi pre-Katrina.

Sure.. seven casinos is good, but Cmon Biloxi! Lets get nine back up! In fact. why not go for an even ten!

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

May 12, 2007

Las Vegas Convention Center Getting Upgraded

The Casino City Times has the scoop:

LAS VEGAS, Nevada -- The cost of keeping Las Vegas ahead of the competition just increased by $153 million.

But tourism boosters say paying extra money beats the alternative of a gradual decline in business that could cost the local economy more than $5 billion in lost opportunity without an upgrade.

That's why the Las Vegas Convention and Visitors Authority on Tuesday voted unanimously to approve an $890 million upgrade to the Las Vegas Convention Center, an increase over the previous cost estimate of $737 million.

The upgrades are meant to help Las Vegas maintain its position as the top trade show destination in America. Renovation proponents say over time the investment will return $5.60 to the economy for every dollar spent.

The work, scheduled to be complete by the end of 2011, comes as Southern Nevada's top trade show competitors are pouring hundreds of millions of dollars into renovations of their own. Members of the Las Vegas authority board want to stop them from chipping into the $8.2 billion trade shows and conventions contribute to the local economy.

Its nice to see that Vegas cares about keeping its convention status a priority. We need to get to more conventions there. Blogger's convention in Vegas anyone?

Russell Miner at Permalink | Comments (1) | social bookmarking

May 10, 2007

World Series of Poker Entry for Under a Buck?

We had to scratch our heads at this news story that Gambling Planet had up:

While some players battle it out at online satellite tournaments, PlayersOnly players have found an even easier way to get to the WSOP. The winner of the WSOP Low Bid Auction currently running on the popular casino, poker and sportsbetting site – the bidder with the lowest unique bid – will get a $12K WSOP prize package for the price of their winning bid. Since there are a number of values under a dollar that haven’t yet received bids, the winner may actually get himself to the WSOP Main Event for a buck or less. ....

The WSOP Prize Package being auctioned includes airfare, accommodation and enough cash to register in the ultimate poker tournament, the World Series of Poker Main Event, which will be held in Las Vegas July 6 – 17 at the Rio Hotel and Casino in Las Vegas.

Bids can be placed online at www.playersonly.com/bidWSOP. Bids can also be placed by cell phone by text (Full Phone Bid instructions also at www.playersonly.com/bidWSOP.) Any registered player can place bids and players can place as many bids as they want. Registration is free, however PlayersOnly.com accepts registrations from U.S. residents only. There is a charge of US$1.99 per bid – but the first bid online is FREE.

This is actually a very interesting form of bidding. One would assume that the lowest bids (.01, .02..etc) will have more than one bidder, and so they will not be winning bids, but then again, maybe they WANT us to think that!

WE CLAIM $0.81 !!!!!

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

April 25, 2007

New Mystery Las Vegas Casino, Valued at $2.8bn

Billion you say? What happened to the good old days when casinos were only in the millions?

According to the Gambling Planet, Las Vegas is about to get a brand new $2.8 BILLION casino / mega resort. This new mystery casino will be owned by a private company called Fontainebleau Resorts.


The company, majority owned by Turnberry Associates principal Jeffrey Soffer, quietly broke ground on the 9.91 hectare site north of the Riviera hotel-casino in February and has kept its plans secret until Monday.

"It’ll be a contemporary design and it will blend what’s current and what will endure in contemporary art, striking design, world-caliber architecture, new technology and hip music," Fontainebleau CEO Glenn Schaeffer said. "It’s not about the past, it’s about the future."

Wow, we love surprises, especially 2.8 billion dollar surprises.

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

April 18, 2007

How to Get Into the World Series of Poker: Trade Your Way In!

aaronTodd.jpg


We came across an interesting story today about a writer for one of our favorite poker and gambling news sites, the Casino City Times. It seems that one of their staff is attempting to trade his way up from a sixty cent winning at an online poker tournament all the way to a seat at the World Series of Poker.

Here is Aaron's story:

Last summer, I won sixty cents in a free poker tournament at PKR.com. I planned on playing until I lost it all, but PKR.com decided not to take U.S. players for real-money games when Congress passed the Unlawful Internet Gambling Enforcement Act. I cashed out and asked my readers what I should do with my sixty-cent check. One suggested I try to trade it for something better. So here I am, trying turn my sixty-cent check into a World Series of Poker Main Event entry through a series of trades. And while my plan may seem ridiculous, it's no more ridiculous than the UIGEA.


This reminds us of an Internet phenomenon called One Red Paperclip, where a very clever guy named Kyle MacDonald managed to make a series of trades starting with one red paperclip, and ending up with a HOUSE!

Aaron currently has made a trade for the sixty cents for 500 novelty poker chips from GoldenPalace.com, and he managed to trade those for a basketball signed by the 1975-76 Indiana Pacers.

It sounds like Aaron is being smart, and is definitely well on his way to getting that seat!

We will be watching his progress, and rooting him on!

Follow Aaron's Trading Quest over at his website: Sixty Cent Main Event

Read more about Aaron and his stories over at the Casino City Times

Finally Learn more about the World Series of Poker at their Official Site

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

April 13, 2007

Someone with A Degree does Some Digging on the Second LIfe Gambling Issue

We were perusing the Terra Nova blog, to see if we could get more info on this whole Second Life Virtual Casino thing, and we were rewarded with a link to this rather thoughtful analysis of the Unlawful Internet Gaming Enforcement Act, and how it may in fact pertain to such venues as Second Life.

Here's a snippet to whet your appetite:

Does UIGEA apply to Second Life's casinos? It's possible - and here's why:

To begin, UIGEA prohibits gambling businesses from accepting credit cards, checks, or other bank instruments from American gamblers who illegally bet over the Internet.

Is it thus illegal, under U.S. anti-gambling statutes, for Second Life casino operators to accept bets placed with Linden dollars? The answer is probably yes. The relevant statutes cover circumstances in which not currency, but simply "something of value," is wagered. And Linden dollars have "value" because they are convertible into U.S. dollars.


In other news, it seems that Massachusetts Congressmen Barney Frank is lining up to defend Internet Gambling, and even seek a repeal of the recent law in as soon as two weeks!

U.S. Rep. Barney Frank stated that he will present a bill within two weeks to repeal the Unlawful Internet Gambling Enforcement Act (UIGEA), but will need much more time to gain support for the bill and would not seek a carve out for online poker.

"I think a reconsideration among my colleagues is beginning," he said to European reporters in Belgium during his overseas visit this week. "It's not far enough along yet so I wouldn't move the bill but I plan to introduce the bill and if the storm of public unhappiness is great enough, I will try to substantially revise that ban."

Read the rest of THAT story over at Poker Pages News

Russell Miner at Permalink | Comments (1) | social bookmarking

April 11, 2007

When is a Casino... Not a Casino? Virtual Gambling in Second Life

secondLife.gif

While Online Casinos have been given the official boot here in the United States, an interesting question arises around another concept: casinos (and gambling) within other legal forms of online gaming. There are "games" that have such degrees of freedom for their users, that they allow nearly anything to happen. Anything like say... an online casino.

A massively multi player online game that has been around for some time now, called Second Life, is one such environment. The basic premise of this "game", is that there is no "game" at all. It is in effect, a virtual world where members can own properly, create goods and services, and all with the understanding that anything they create in the world belongs to them, and not the game's publisher or creator. Second Life is a bit different in that regard, as most online games make it clear via user agreements, that players have no rights, nor ownership of anything within game worlds. Second Life also adds some complication because they purposely peg their in-game currency (The Linden) to the US Dollar. This provides a legal, and surprisingly liquid market where REAL currency and VIRTUAL currency can change. (To us, this is starting to sound like Firepay and its brethren..eh?)

Read More after the Bump

ArrowContinue reading: "When is a Casino... Not a Casino? Virtual Gambling in Second Life"

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April 2, 2007

Legalized Gambling Casino Coming to Massachusetts?

It seems that with the recognition of the Mashpee Wampanoags as a Native American tribe, there is a chance that Massachusetts will see its first Casino. All will depend on the state legislature, and the newly elected governor of the state, but with tax revenues being low of late, there is a possibility that the chance for new state income will be welcomed.

Typically, those living in New England have to travel to Connecticut to visit either Foxwoods or Mohegan Sun, a new Massachussets addition would add another venue for those looking for a close casino.

In February, the U.S. Department of Interior's Bureau of Indian Affairs — after 32 years of legal wrangling — officially recognized the Mashpee Wampanoags as a tribe, a decision that ultimately could lead to the first legalized casino gambling in Massachusetts.

Read the whole skinny over at the International Herald Tribune

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

March 29, 2007

Your Next Casino Destination: Kansas!?!?!

According to the Kansas City Star, the state has finally approved of casnios! It sounds like our next casino trip may be to heart of the bread basket!

After midnight, the Kansas Senate approved a historic gambling bill authorizing casinos in Kansas City, Kan., Wichita, Dodge City and southeast Kansas, as well as slot machines at race tracks.

Thirty-nine of 40 Senators had voted as of midnight, holding open the vote for one lawmaker who wasn’t present. The final vote was 21-19. A final procedural challenge was mounted but fell short.

The bill passed the House on Monday, and Senate approval sends it to Gov. Kathleen Sebelius, who has already voiced support for the proposal.

It was a narrow but stunning victory for supporters, who waged a 12-hour filibuster in the Senate to keep the bill breathing. Until the vote, the critical 21st vote seemed impossibly elusive, much as it had been in years past.

“It was a long time coming,” said Sen. Jim Barone, a Frontenac Democrat. “But as in life, all good things are worth waiting for, and this is a good, good thing.”

We couldn't agree more Mr. Barone.

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

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