State Of Emergency In New Jersey Nothing New For AC Casinos

A state of emergency has been declared in New Jersey due to the potential for dangerous weather, but for Atlantic City casinos, a state of emergency is nothing new.

Gambling Revenue In Atlantic City Drops In November
Any Atlantic City casino executives that were hoping to see revenue increase as 2010 comes to an end can forget about that notion. AC casinos had revenue drop in double digits again in November, this time falling thirteen percent.…

Romney Breaks Mormon Beliefs With Perry Gambling Offer

Romney Breaks Mormon Beliefs With Perry Gambling Offer
Republican presidential hopeful Mitt Romney has pinned much of his early campaign on the idea that his Morman beliefs would carry him to victory. Over the weekend, Romney broke from those Morman beliefs when he offered up a gambling proposition to fellow candidate Rick Perry.Romney offered a bet of $10,000 during his debate on Saturday after disputing whether or not he had called for a national individual mandate in the 2010 book No Apology. The subject has been a source of contention between Romney and Perry on the campaign trail.By Monday morning, Romney had backtracked on whether the bet offer was real or not. The media and political analysts hammered Romney for deviating from his Mormon beliefs, which led to Romney claiming that the $10,000 was just some random outrageous number that he threw out there during the debate.Not everyone was accepting of that explanation, with Mormon groups coming out and saying that even the thought of proposing a bet goes against everything that is believed by the Mormon faith. Gambling is considered an evil by the Mormons, with the idea being that those who gambler are searching to receive things for free.Analysts from all across the spectrum have been critical of Romney’s proposition, even gambling addiction expert Timothy Fong, assistant clinical professor of psychiatry at the UCLA Neuropsychiatric Institute and Hospital. Fong told The Hill on Monday that he was concerned about Romney throwing out the $10,000 figure at a time when the country is financially struggling.Romney is currently in a battle with Newt Gingrich for the GOP nomination. Recent polls show Gingrich as the current leader, with Romney a close second. Perry has fallen out of favor with many Conservatives over the past couple of months, leaving Gingrich and Romney to focus their efforts more on each other than Perry.The polls have also shown that Gingrich stands up better against President Obama, although Obama is leading in most of the major polls. Over the next year, the economy will be the most determining factor in whether Americans have the confidence to give the president another four years. Obama has already started campaigning, with several speeches aimed at attacking the Conservatives’ hard stance on many of the pressing issues.…

New Year Celebrations Good For Las Vegas

The credit crunch doesnt appear to have hit the Las Vegas scene too hard. At least not yet.The New Year saw strong crowds drawn to Las Vegas for the holiday celebrations, although spending was down on previous years. Denis Forst, of KeyBanc Capital Markets, wrote to his clients At the high end properties, there was a strong international flavour and that would indicate that luck dictated the performance of the holiday at those casinos.This is likely better than had been envisioned and may be a catalyst to get investors attention in the new year. Spending overall has reduced due to the housing slowdown, reduced credit, increased food costs, and unemployment concerns.Some casino operators have struggled because of this, as consumers have reduced their leisure spending to match their smaller disposable incomes. Forst noted that while key figures for November gaming have not been released, it is expected that the decline will be much less than the figures for October. He predicted a single digit drop in gaming win growth for November. It is expected that the favourable New Years holiday results will be good news for Las Vegas-related stocks such as the Las Vegas Sands Crop, MGM Mirage, and Wynn Resorts Ltd.…

Internet Casino Etiquette

There are various indicators of virtual galateo casinos that should conform to when online gambling. Just like at a real social life event, I’m well-intentioned to be kind and, of course, enjoyable by anyone in the game room. This goes a long way to show you have consideration for other internet contenders in the room. These details are not mandatory, but a way of looking, and in return you get the respect of others. It does not mean that since you are not able to see the other virtual challenger you can get away with telling or doing what you want. A very critical point next to the etiquette aware of how to play the game before engaging in playing for the guaranteed currency. This will help you, in the end, for sure, because if you do not understand the game you will dry out the wallet very quickly. able to make the game complicated for big-time bettors who are hoping to hit the first prize if you can not remember this little courtesy. Begins withgames where you play with fun dollars first you are ready to play for the final pasta. It is beyond any reason to make sick jokes or curse. Also you should not criticize other challenger tactics and be modest when you win. Treat everyone the same way you would like to be treated. If you chose sometimes during the game, at no time, discuss what was in your hand. This can exhaust the game for others at the table. Let’s remember that some virtual casinos on the online sites have time limits that must be complied with when your gaming turn.…

Las Vegas Strip Receives Gambling Revenue Boom

The Las Vegas Strip has experienced some of the worst revenue declines in the gaming industry over the past three years, but this week casinos in the city finally received some good news. Casino revenue jumped on the Strip by over thirty-two percent in June.The World Series of Poker was in full swing during June, and that is being credited as a major reason that revenue increased to the grand level it saw in June. The total revenue of $506.7 million is up thirty-two percent from June of 2010. The WSOP was happening back in 2010 as well, but attendance was down due to the global economic recession.This year, the WSOP set records for number of participants, and with each player that entered a tournament, there was more revenue flowing through the slot machines at casinos on the Strip. Casino executives were excited about the increase in WSOP attendance, as they understand that players cannot all win, and when they lose, they head to gamble inside the casinos.The recovery process did not just start in June. The first six months of 2011 have seen an increase in revenue of 8.5%. At this rate, analysts predict that the gaming industry on the Las Vegas Strip may recover fully by the end of 2012. The Strip increase has executives around the country believing that an entire recovery may be on its way.Nevada casinos on a whole had a strong June. Revenue was up sixteen percent at state casinos. The $885.7 million in June gave officials hope that better days are in front of the industry. Newly renovated casinos are expected to boost revenue figures even more in the final six months of 2011, and into next year.With customers coming back, casinos have again increased their hotel room rates. The rate increase has helped the bottom line revenue figure, and company’s such as Caesars Entertainment and MGM Resorts International are hoping that the path to recovery continues on a swift pace. Dozens of casinos had to shut their doors for good during the recession, and the ones that have survived are now starting to prosper again.Nevada lawmakers are prepared to give casinos even more relief in the future. Lawmakers passed a bill that legalizes online casino gambling, as soon as the federal government passes increased regulations on the industry. The online casinos could pump billions of dollars into the Nevada gaming industry over …