Get real on web gambling Kansas City Star, MO Rick’s Gambling & Tourism column in today’s Star Business Weekly looks at the US’s untenable position in the worldwide on-line gambling industry. …
State cracks down on Net gambling Kentucky.com, KY By Jack Brammer FRANKFORT — Kentucky is commandeering 141 domain names of Internet gambling sites in a novel legal move to crack down on the unregulated …
Ky. governor seeking to block online gambling Forbes, NY By JOE BIESK 09.23.08, 7:39 AM ET Kentucky’s pro-gambling governor is looking to make sure all bets are off for more than 140 online gambling Web sites that … Online gambling takes its toll Aftenposten, Norway Top community officials are among those who unwittingly lent large sums of money to finance a Norwegian bishop’s son’s gambling debts. …
Casino gambling, poker table revenue up in FL CBS 4, FL But the stakes weren’t as high for other kinds of gambling. Racing at horse and dog tracks and other sports wagering declined 43 percent, to $159 million. Gambling case fallout remains as Donaghy reports to prison USA Today The league has determined that for the first time in major professional US sports, a referee will walk into prison a convicted felon on a gambling charge …
Former gambling site worker cops to ID theft Register, UK The former employee of an internet-based gambling website has admitted he used his position in the company’s credit department to steal the identities of … Arizona gambling feels economic pinch, report shows East Valley Tribune, AZ “Gambling is a form of recreation,” she said. Morago compared it to people making decisions whether to go to a movie, go out to dinner or even “go shopping …
Gambling grows to unexpected levels in Poland Puls Biznesu, Poland Last year, the Poles spent more on gambling than on beer, vodka and medical services. If the upward trend continues the gambling market will be worth as … Unexpectedly, Las Vegas hit by US downturn Reuters And while free rooms and room discounts have kept hotels relatively full — occupancy is down just 1 percent in the year to July — gambling revenue is down …
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Online Sports Gambling Ken The best sites to find Online Sports Gambling, a leading online casino gambling guide. Includes online casino reviews and recommendations, online casino directory, best payouts and bonuses, blackjack strategy and tips, … BetOnSports.com Gambling Site Worker Pleads Guilty After Stealing … CyberInsecure An employee of the offshore Internet gambling website BetOnSports.com has pleaded guilty to charges stemming from his role in a large Internet-based identity theft ring. BetOnSports PLC does not exist since July 2006 and the Antigua …
Kentucky Seizes Gambling Domains MHB The seizure was taken after the Commonwealth found that the “domains were being used in connection with illegal gambling activity”. The domains seized include:. fulltiltpoker.com. indiancasino.com. bet21.com. allslots.com. bodoglife.com … Kentucks Seizes 141 Gambling Domain Names Chad Kettner There were a number of popular gambling sites listed for seizure including PokerStars.com, FullTiltPoker.com, BodogLife.com, GoldenPalace.com, Bet21.com, DoylesRoom.com and also Rick Schwartz’ IndianCasino.com. …
KY governor after online gambling domains maconlinepoker To be very frank and honest, this is not a good news at all for online gambling industry. US Kentucky state governor, Steve Beshear is trying all his efforts to crack down online gambling industry and in oder to boost offline local … NBA Ref Starts Prison Term for Gambling The NBA referee who admitted gambling on basketball begins his 15-month federal prison sentence today, reports USA Today . The conviction of referee Tim Donaghy, 41, has rocked the NBA, even though officials determined he didn’t bet on …
Bingo Betting gamblingguide online gambling has typically been a mans world (sorry for the huge generalisation but this is a blog after all). Perhaps the influx of Bingo sites will even that up slightly. Certainly Bingo seems to be a more social than playing a … Judge Tosses Gambling Attorney’s $20 Million Lawsuit Against Casinos Law.com – Newswire A federal judge has dismissed a $20 million racketeering lawsuit against seven casinos by a former New York City attorney who said they had a duty to stop her from gambling. The judge wrote that Arelia Margarita Taveras failed to …
Responsible Gaming – Psychology of a Gambler To be honest, gambling gets a bad rap, especially when you consider that it’s one of the prime driving forces of humanity. Nobody has ever gotten rich by playing it safe, and if you have a stock portfolio, you’ve bet your money that … Seniors Doubt Study’s Finding of Gambling Problems Wholesale Bingo Supplies Blog – Bingo Bob But a new gambling study published in the journal Psychology and Aging suggests not all senior citizens have Fava’s self-control. It concludes the elderly are more likely to develop gambling problems than younger people. …
Video: NFL Football Best Bet of the Week with Odds from Gamblers Television
Charity gambling is the practice where typical gambling ‘games’ such as bingo, roullette, lotto, slot-machines, etc. are overseen by a charity or group of charities. The profits from the venture go to the charity or group of charities, rather than to a municipality or private casino. Sometimes this occurs as a ‘one time event’ during a ‘Charity Ball’ or such type party. In other cases, Charity interests maintain ongoing gambling concerns. There are many websites on which Charity Gambling is available 24 x 7, and which report various percentages of the profits being donated to various charities.
US gambling revenue dropped 15% in May. In Las Vegas, the percentage is 16.4%. As for Atlantic City, the casinos gambling revenue down 11% in June, comparing with the same month of the last year (a single casino shows an increase in revenue, Harrah’s Resort Casino). In Illinois, gambling revenue was down more than 20 percent in June compared to June 2007.
The analyst Robin Farley of UBS wrote in a report that “the decline in Strip revenues is worse than the period immediately following Sept. 11, 2001 and except for January 2002 is the worst monthly performance in more than 10 years…The weakness in gaming revenues was not confined exclusively to the Strip as the Las Vegas locals market declined 19.5% in May, bringing year to date revenues down 8.7%.”
Sands, Wynn, Boyd… everything is sliding.
“The decline appears to be accelerating,” said Nick Danna, an analyst with Stern Agee & Leach.
Jim Murren, president of MGM Mirage, says that this drop is a temporarily situation, an usual cycle.
For Atlantic City, the most important decline is for Trump Marina Casino, 23%.
For the casino games, the reports say that table games and slot machines fell down almost the same in Las Vegas, but slots declined more in Atlantic City.
I am not a specialist, but I think that there are some important factors, external to the gambling industry, that influence it. And one of the most important, if not the most important, is the economic crisis. Including the petrol price, unemployment, the real estate crisis, as well as the reduction in flights as airlines cut back their services.
A second factor is the tourist market, influenced also by the economic crisis but not only. The restrictions implemented last years by US for the external tourists is, maybe, more important for the tourist market than the crisis.
And, to not forget the smoking ban, that will decrease even more the gambling revenue.
The crisis in US gambling industry will be increased by the casino and hotel investments started by the operators, for which it will not be possible to make the payments to the banks (for ex., Tropicana Entertainment defaulting on $2.7bn debts).
In fact, when you start an isolationist policy, including for the online gambling market, you have to take into consideration the secondary effects that can become major effects, in time.
On the campaign’s national website, Obama ask for donation between $5 and $2300 in exchange of a chance for every donor to be chosen as one of the 10 supporters to meet Barack backstage in Denver.
Tom Barrett, head of the Minnesota Gambling Control Board, consider that this is an illegal raffle and a violation of the of Minnesota gambling laws.
Nick Kimball, a spokesman for the Obama campaign in Minnesota, says that “we are not conducting a raffle of any kind“.
As far as I can see, there is no more such offer on the Donation section of Barack Obama web site.
The House Financial Services Committee voted down a bill, H.R. 5767, that would have prevented federal agencies from issuing rules implementing the Unlawful Internet Gambling Enforcement Act (UIGEA). Lawmakers failed to agree on setting a clear definition of illegal Internet gambling.
Alabama Republican Rep. Spencer Bachus says that “Today’s vote was a victory for young people because illegal Internet gambling brings the casino into their bedrooms and dorm rooms, sometimes with tragic consequences.”
But the tie vote, 32-32, meant the legislation failed under committee rules. The original bill proposed by Rep. Barney Frank and Rep. Ron Paul was defeated in a voice vote.
“The financial institutions are in the position of being told not process bets, but it’s not clear what is legal and what is illegal,” said Rep. Barney Frank, the committee’s chairman.
Rep. Peter King says that this “was a banking issue, not a gambling issue” and that the banking industry shouldn’t be in the position of determining what is legal and illegal.
“The PPA is surprised that the Financial Services Committee today failed to clarify what constitutes ‘unlawful Internet gambling’ under the Unlawful Internet Gambling Enforcement Act (UIGEA),” said Alfonse D’Amato, chairman of the Poker Players Alliance.
Gambling with the futures Socialist Worker Online, IL
One obvious one is the rising price of oil, which is increasing transportation and other costs for agricultural products. Another is profiteering on the …
The energy crisis: Only bold steps will help Minneapolis Star Tribune, MN
A frenzy of unregulated speculation in the futures markets is driving prices up in what one oil analyst called “the world’s largest gambling hall. …
Without gambling on the economy Ha’aretz, Israel
Until March he claimed that the deviation in the rate of world price increases stemmed from the sharp increase in the price of oil, metals and food. …
Full throttle Fund Strategy, UK
The price of oil has doubled over the past year, against an incessant drumbeat of warnings: an emerging consumer class can barely satisfy its demand for …
Reduced luxuries Napa Valley Register, CA
There was a time when the gambling Meccas were noted for cheap rooms and unlimited buffets. No so any more. Gambling, once the lifeblood of the casinos, …
Behind Latin America’s Food Crisis IRC’s Americas Program, NM
Yes, critics of agrofuels warned that food shortages and price hikes would result from the headlong rush to divert land from food to fuel production. …
Liquid Assets Charleston Post Courier, SC
The price of soybean oil, the main ingredient in most US biodiesel, has risen faster recently than that of crude oil, almost tripling in five years. …
A Way To Curb Oil Speculation Hartford Courant, United States
Every time a bomb explodes in Basra, speculators bid up the price of oil for future delivery. They are gambling that they know enough about the market to …
Tullow Oil is a good long term play Telegraph.co.uk, United Kingdom
The Jubilee oil field, off Ghana’s coast, has been the making of Tullow. Last year, investors drove up Tullow’s share price on expectations that Jubilee’s …
Gas price patience running on empty? Times Daily (subscription), AL
Ingram said many investors are gambling that more Americans will hit the road this summer and are bidding up the price of oil in anticipation of a busy …
AP News Calendar The Associated Press
___ WEDNESDAY, May 21 Washington — Senate Judiciary Committee hearing on the price of oil. Witnesses include oil company chief executives. …
When government plays games with numbers, we all lose Concord Monitor, NH
It’s a scary thought: Over 20 percent of our GDP is now in gambling. The trajectories the finance industry needs to calculate are market-based. …
Edible oils offer some relief as inflation dogs consumers Hindu Business Line, India
In Subhiksha, for instance, the price of sunflower oil has dropped by around Rs 15 a litre since March 3. Groundnut oil has seen a drop of around Rs 12. …
Bungled Spygate probe provides few answers Florida Times-Union, FL
Contrast that to the way former commissioner Pete Rozelle suspended Paul Hornung and Alex Karras – then two of the NFL’s biggest stars – for gambling on …
Dorgan calls for action on crude oil speculation Dickinson Press, ND
He called the rampant oil market “the world’s largest gambling hall” or the equivalent to a highway “with no cops and no speed limit and everybody’s going …
Lee Rousso, the Washington State Director of the Poker Players Alliance, filed a lawsuit on July 1, 2007, seeking to have UIGEA declared unconstitutional, considering that the new law discriminated against interstate businesses and, thus, violated the Commerce Clause of the U.S. Constitution. He said that UIGEA was supported by Sen. Margarita Prentice, D-Renton, whose district contains the state’scasinos and card rooms.
On May 16, 2008, State Court Judge Mary Roberts rejected the complaint, considering that there is no prove that the state law unfairly protected gaming interests inside the state at the expense of interests outside the state, and that the state’s historically strict prohibition on gambling influenced her ruling.
“The state loves gambling, it’s a gigantic business. It’s just the state protecting its turf.” , said Lee Rousso. “We are going to win this battle. Maybe not today, maybe not tomorrow, but someday soon.”
Poker News says that Washington state Gambling Commission spokeswoman Susan Arland disagrees. She said the law is meant to protect the public from the risk of playing on unregulated sites. “You don’t know who’s behind that screen. You don’t know if the games are fair or honest. You don’t know if you get paid your winnings.”
Yahoo! changes his terms of service regarding the gambling ads, for the UK advertisers. This is due to the change in UK legislation for gambling advertising, that is now less restrictive.
AccuraCast says that Yahoo! sent an email to its UK clients telling them that under recent UK legislation on gambling advertising, UK gambling ads may now include invitations to play or any mention of money, bonuses and prizes.
Yahoo Search Marketing have partnered recently with Media Corporation, an Internet media firm which owns onthebox.com, gambling.com and sport.co.uk, to provide search results and advertising across Media Corp’s extensive publishing network.
Merchant bank Clairvest Group Inc. and Clairvest Equity Partners III Limited Partnership are investing $41.6 million in a new gambling and entertainment centre in southern Chile, adjacent to the city of Concepción.
The centre will include a casino, hotel, entertainment theatre, restaurants and family entertainment facility. The completion of the casino is scheduled for August 2008.
Clairvest Group is contributing 25% and CEP III is contributing 75% of the $41.6 million investment, which results in a combined interest of 50% in Casino Marina del Sol. The other 50% is held by Empresas Valmar, a well established local real estate company.
In accordance with Wikipedia, Chile, officially the Republic of Chile (Spanish: República de Chile), is a country in South America occupying a long and narrow coastal strip wedged between the Andes mountains and the Pacific Ocean. The Pacific forms the country’s entire western border, with Peru to the north, Bolivia to the northeast, Argentina to the east, and the Drake Passage at the country’s southernmost tip. The government has encouraged the use of Chile as an “investment platform” for multinational corporations planning to operate in the region.
Concepción is a city in Chile, capital of Concepción Province and of the Bío-Bío Region. Greater Concepción (Gran Concepción, including Talcahuano, San Pedro de la Paz, Hualpén, Chiguayante, Penco, Tomé, Lota, Coronel, Hualqui and Concepción) is the second-largest conurbation in the country, with 889.725 inhabitants (2002 census). Individually, it is the 11th largest comune in the country, with a population of 212,003.
Betting Big on Nevada TIME To many Washington wags, the very notion evokes images of show girls arguing with croupiers about the finer points of Hillary Clinton’s healthcare policy …
Clinton Wagers on Gambling AOL News Newsbloggers, VA By David Knowles From the LA Times comes a fascinating piece about how Hillary Clinton and Barack Obama view the issue of gambling. Hillary has taken an …
Do US Democrats Support Gambling? Online-Casinos.com, Denmark … and the positions on gambling taken by the leading Democrat contenders started to get confusing this week as Hillary Clinton and Barak Obama traded …
Clinton and Obama seek to break deadlock in Nevada Guardian Unlimited, UK After Barack Obama’s win in Iowa, and Hillary Clinton’s in New Hampshire, today’s caucuses are seen as a potential tie breaker. A win today could provide …
Democrats dominate in Nevada Financial Times, UK Opinion polls have been volatile but generally point to a tight race between Barack Obama and Hillary Clinton. The struggling economy, housing and education …
Obama V Clinton At The Casino Anorak.co.uk (satire), UK Hillary Rodham Clinton sees the good in the gaming industry. “There’sa fundamental question here,” said the Rev. Tom Grey, executive director of the …
Why not court the vote in casinos? San Francisco Chronicle, USA During the past week, Democratic presidential hopefuls Hillary Clinton and Barack Obama have appeared in the following Nevada locations: Two Mexican …
Gambling and elections Politics on the Hudson, NY As Democrats prepare to caucus Saturday in Las Vegas and throughout Nevada, Hillary Clinton leads the Democratic pack in funds raised from the casino …
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