Featured Articles Archive - Page 452

Are alternate place bets at craps as different as they seem?

Craps offers a veritable smorgasbord of alternate bets. The wealth of wagers from which players can pick is both a strength and a weakness. Strength because of the ways bettors can tailor the action to suit their personal preferences. Weakness because the diversity of features can make comparisons confusing. For the majority of solid citizens, though, the essence of the game is remarkably consistent...read more

LV Sands closes $1.75 billion in financing for Macau

LAS VEGAS, Nevada -- Las Vegas Sands Corp. took a step toward restarting the company's Cotai Strip projects in Macau today, announcing it had closed $1.75 billion in project financing through its Chinese subsidiary. Sands China Ltd. will use the funds to complete construction on the combined Shangri-La, Traders, and Sheraton resort complex on Cotai, which will add 6,000 hotel rooms to the region. Company spokesman Ron Reese said preliminary work has already begun. Las Vegas Sands halted construction of its Cotai Strip developments in November 2008 when the company ran into financial difficulties and had restructure its long-term debt...read more

Deal Me In: I'd gladly pay you Tuesday for a hamburger today

Dear Mark: This is not a new money management method, but it is relatively new for me to use at video poker. Now that the machines operate off currency and tickets instead of coins, it is pretty easy to set a winning limit, cash in, put the profits away in one pocket and continue play with the original bankroll...read more

Internet gambling deposit tax a bone of contention in Ways and Means hearing

This morning, the House Committee on Ways and Means held a hearing on the taxation of Internet gambling proposed by Rep. Jim McDermott (D-Wash.) in the Internet Gambling Regulation and Tax Enforcement Act of 2010. McDermott introduced the bill as a companion to a bill sponsored by Rep...read more

Nevada Gaming Board member not opposed to online wagering

LAS VEGAS, Nevada -- Nevada Gaming Control Board Member Randall Sayre said he isn't opposed to online wagering. "I've got nothing against Internet gambling. I have no dog in the fight with regards to whether it's good or bad," Sayre told GamblingCompliance, an online publication based in the United Kingdom which covers the casino industry...read more

WMS looking to fill online casino positions

WMS, a leading slot machine manufacturer for more than 60 years, appears to be close to launching an online casino. While no official comment was made available, several recent job postings indicate WMS will be hiring executives with experience running and marketing an online casino. One job posting seeks a "Leading Casino Innovator – Senior Affiliate Manager" to "join an exciting new U.K...read more

German sporting bodies unite to open markets

We were pleased to hear the news coming out of Germany last week that the country's Olympic Sports Federation has called upon the government to legalise sports betting. The OSF has joined forces with the Bundesliga – the country's major football league – in calling for the German Interstate Gambling Treaty (2006) to be overturned, and this collaboration of top sporting bodies is good news for the German consumer. Currently, Germany forbids its citizens from betting online, unless they do so with the State monopoly provider, and it is exactly this type of situation we at right2bet are trying to reverse. The betting industry does not differ from other sectors in that when only one operator is permitted to offer its services, customers directly lose out in terms of the quality of product, the range of service, and the value they derive from it...read more

Security hole closed at UB, Absolute Poker

Tokwiro Enterprises, the owner of the CEREUS Poker Network, announced that it upgraded the security protocol for Absolute Poker and UB.com to include OpenSSL encryption for client-server communications in a press release last night. The announcement comes 11 days after a serious flaw in the network's security system was discovered and revealed by the operators of the Web site PokerTableRatings.com (PTR).Absolute Poker and UB are the only poker rooms that operate on the CEREUS network, which is the third-largest Internet poker network that accepts U.S...read more

Some betting on New Jersey to be first to regulate I-gaming

In May 2006, the keynote speaker at the Global iGaming Summit and Expo (GIGSE), Lawrence Lessig told those at the conference that they should push for regulation of the Internet gambling industry. Five months later, the Unlawful Internet Gambling Enforcement Act (UIGEA) was attached to the Safe Ports Act by then Senate Majority Leader Bill Frist and passed both houses of Congress.Last week, four years after Lessig's keynote address, attendees at this year's GIGSE in Montreal universally believed it was no longer a matter of if but when, and by whom, the industry would be regulated.According to Joe Brennan, the chairman of the Interactive Media Entertainment & Gaming Association (iMEGA), the answers to those questions are the state of New Jersey and before the end of the current legislative session in 2011."New Jersey seems to us to be the most likely state to be successful at the intrastate level," Brennan said during a panel discussion...read more

Paragon Gaming taking on $450 million project in Vancouver

VANCOUVER, British Columbia -- Diana Bennett watched her father create a Las Vegas tourism segment while building a billion-dollar casino business. The daughter of gaming pioneer William Bennett has quietly taken that same entrepreneurial spirit to Canada with Paragon Gaming. Paragon, a privately held company based in Las Vegas, built and operates casinos in the provinces of Alberta and British Columbia. In March, the company won the rights to construct an estimated $450 million hotel-casino complex in Vancouver, British Columbia, which will become Western Canada's largest gaming and entertainment resort. The development calls for two hotels and a casino attached to BC Palace, the 60,000-seat downtown Vancouver stadium and site of the opening and closing ceremonies for the recent Winter Olympic Games...read more