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I. Nelson Rose Gaming Guru - Page 3  COVID devastates Macau casinos21 July 2022
You know you are in deep trouble when one of the leading newsletters in your industry discusses the “silver lining” in being shut down: “Macau Casino Closures Provide Some Relief from Cash Burn.” Asia Gaming Brief Macau casinos have so few gamblers, in fact, so little revenue of any kind, that the government finally ordering them completely closed is a small blessing. ... (read more)
Is a New York City casino license worth $1 billion?20 April 2022
No government has ever asked $1 billion just for the right to build a casino. That still is true. But that’s how much New York Governor Kathy Hochul had originally wanted for casinos in New York City. Casino executives and lobbyists were able to get the leaders of the State Legislature to put pressure on the Governor. ... (read more)
Texas’s poker clubs are in trouble1 February 2022
A little-known fact, known by few: Texas has poker clubs. These are by no means just a couple of tables in the back of a bar. The Lodge Card Club in Round Rock outside of Austin has more than 60 tables. The games — mostly Texas Hold ’em, naturally — are played for cash. PokerAtlas in Houston is advertising a no-limit game, with $10 & $25 blinds, $2,000 minimum buy-in. ... (read more)
China has plans for Macau19 November 2021
All six casino concessions in Macau are about to expire. The big question is whether the U.S.-based companies – MGM, Wynn, and Las Vegas Sands – will be able to continue operating some of the most successful casinos in the world. Of much less importance is whether Macau will let other operators come in. ... (read more)
New York's unforced error8 November 2021
Last week I wrote a blog explaining why the plan to issue online sports betting licenses in New York will be a disaster. Not only will the tax rate be the highest in the nation – possibly a ridiculous 71% – but the entire law is on its face unconstitutional. In a case involving fantasy sports, trial court ... (read more)
New York's sports betting disaster25 October 2021
On Friday, 22 October the New York State Gaming Commission announced what the tax rates will be for anyone unfortunate to win the right to operate online sports betting. Most of the bids were probably already in, but the Gaming Commission graciously gave the companies involved til Monday to amend their complex, multi-million-dollar proposals. ... (read more)
Gambling and the Law: The power of television5 March 2019
The more things change, the more . . . What? They remain the same? They change? One of the last book stores in Los Angeles recently closed. And record stores are just as rare. This doesn’t mean that people aren’t buying, or at least reading, books. And more individuals have copies of recorded music, mostly downloaded, than when it was only available on vinyl or tape. ... (read more)
Gambling and the Law: Preferential shuffling19 February 2019
It is time to look again at the controversy over the right of casinos to shuffle cards in blackjack whenever the remainder of the deck favors the players. Although the issue of casino dealers counting cards has been stewing for decades, the most recent flare-up is the result of technological breakthroughs. ... (read more)
Gambling and the Law: Card counting by casinos13 February 2019
It seems the eye in the sky has acquired a brain. The watchers have learned to count cards. Casinos have installed computer programs that can tell whether players are counting cards at blackjack. By recording how players change the size of their wagers and how they plays the hands as cards are dealt, these sophisticated programs can even determine which system the players are using. ... (read more)
Gambling and the Law: Dealers who count cards13 February 2019
Government regulators ought to at least pretend to be neutral. This is particularly true of regulators whose main job is to protect the public. Imagine the Atomic Energy Commission saying nuclear power plants can set their own safety standards, and anyway, there is nothing wrong with a little radioactive meltdown. ... (read more)
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