Online Casino Edition – Casino News News about online casinos and gambling

May 10, 2011

Wynn – The Most Admired

Filed under: Casino — Tags: , — OCE News @ 12:00 am

Wynn Resorts Limited, a gaming company in Las Vegas, has been named as the most admired casino company by Fortune Magazine for the third year running. This ranking is a huge achievement for the company and puts it among one of the top casino companies of the world.

Fortune Magazine is one of the leading business magazines in the world.

Fortune is famous for the annual lists they release based on different business parameters. Fortunes lists are released after thorough survey conducted with various analysts and industrialists. It is considered as an honor to be featured in one of Fortune’s list. The business community considers the list as a feather in the cap. Of all the lists, the Fortune 500 is the ultimate and is waited for ardently by the business community. Fortune also has industry-specific lists and this is where Wynn Resorts Limited comes in.

In their list of most admired hotels, Wynn is featured 4th, making it the most favored among the casino resorts. Other giants in the casino industry like MGM Resorts, Caesars Resorts, and Las Vegas Sands were listed behind Wynn. Number one on the hotels, resorts, and casinos list was the Marriot.

Wynn’s ranking is obtained for its service, innovation, production, operation and growth. Its profitability in Macau is also another point that won it the ranking. The company has gaming resorts in the two gaming centers of the world – Macau and Las Vegas. People visit these resorts mainly for their expansive gambling rooms which contain slots, roulette, crazy 4 poker, blackjack, craps, and the ultimate Texas hold’em.

Their Las Vegas casino has a 26-table poker room that is highly popular and offers a wide variety of levels to play at, depending on how much the gamer is ready to gamble. They also hold daily tournaments in the room. The Macau poker room is much smaller with 11 tables. Slots at Wynn include games like Megabucks and Windfall. They also have high limit areas for customers where the games are held in more privatized environment. For the benefit of customers, the company provides membership options called the Wynn Red Card. Members get special offers and discounts and invitations to special events at the Wynn. The resort advices responsible gaming and has code of conduct written specially in relation to gaming responsibly.

Wynn Resorts have won many other accolades in the past other than appearing on top of Fortune’s list. These accolades include the AAA five diamonds, Forbes five stars rating, and Michelin five star rating. This year the company’s resort at Las Vegas also won the Forbes Travel Guide Star Award. But featuring on top of Fortune’s list third year in a row is a big achievement for the company.

According to reports, beating the top players in the gambling world in the Fortune list is a big feather in the cap for the company and winning three times in a row an even bigger deal. This is sure to attract more players and even those who are curious to know what the fuss is about.

May 8, 2011

Caesars And The Boston Casino

Filed under: Casino — Tags: , — OCE News @ 12:00 am

In a turnaround deal, Caesars Entertainment has been earmarked to manage the gaming resort of Suffolk Downs. The gaming resort is planned at an expansive racetrack near to the Boston airport. The racetrack is owned by Suffolk. Suffolk has been in the racetrack business for more than 75 years. It is reported that for many months now the deal was in negotiation with various casino owners and gaming companies, and Caesars Entertainment has reached the zenith of the list. Though the ownership of the gaming resort will remain with Suffolk, the entire management of the resort will be handed over to Caesars.

Suffolk will also be in charge of the construction and developmental work.

Caesars Entertainment has its roots in Nevada. The company started some 70 years ago and has risen to be the largest casino entertainment company in the world. The company operates and manages casinos across the globe and has three main brands under its belt – Caesars, Harrah’s, and Horseshoe. The company has more than 50 casinos under its belt and adding one more to it will only add value to it. Many feel that Caesars CEO Gary Loveman being from Massachusetts has also given the company added interest in the project.

A plan to open a gaming resort was announced by COO of Suffolk, Mr. Chip Tuttle. This was announced way back in June 2010 and ever since negotiations were underway with casino giants to take up the resort management. The $600 billion resort plan would include casinos, hotel with approximately 600 rooms, restaurants, club house, shopping center, and spas.

According the Suffolk, the coming up of such a huge project in the area would ensure more than 2000 construction jobs during its construction and more than 2000 permanent jobs once the resort opens to the public. The opening of the casino is expected to rejuvenate the ailing city of Boston. Experts feel that Caesars ready to take such a huge step in Massachusetts is a clear indication that the state is going to get the gaming bill passed soon.

The gaming bill once passed will give way to at least three such resorts in the state. It is expected to raise the revenue of the state and bring in players from neighboring states. But, there is a requirement for a public hearing for the passing of such a bill. Though the bill is not favored well with the Governor, experts are positive about it. They feel that once the people understand the benefits of having such a casino in the state, there will be no problem with the passing of the bill through public hearing.

Suffolk itself has been lobbying for the passing of the bill for quite some time. In fact reports state that it has spent as much as $500 thousand for the lobbying.

The financial and other terms of the partnership between the two companies are yet to be revealed to the public. But, it will definitely be a fruitful alliance for both Suffolk and Caesars. The benefits it will bring to the state are also worth noting.

May 6, 2011

Tablets Users Prefer Gaming On Tablets

Filed under: Casino — Tags: , — OCE News @ 12:00 am

Although tablets have only recently stepped into the world of gadgets, computer users are seen to be making a beeline for them, particularly if they happen to be gaming enthusiasts. The convenient size of tablets and their features which allow the screen to switch from portrait to landscape modes makes them all the more popular among online gaming addicts.

Reports suggest that a greater number of tablet users play online games than watch news or surf the net. Although most of the players playing online casino games hardly ever do so to earn money, the high numbers indicate that many are interested in gaming. Had the United States government made efforts to make gambling online legal, many tablet users would actually take part in online casino games instead playing at free gaming websites.

Fitch Report

The credit ratings company Fitch Ratings recently released a report about the possibility of online gambling becoming lawful in the U.S. The company reported that many states had been debating on such a proposal and attempts have been made to make online gambling lawful. Although such attempts to regulate online gambling have not really succeeded, the objective is more than apparent.

The Fitch report states that as much as five to six billion dollars are going overseas from revenues generated through online gambling in the United States. With regulations, this figure is bound to increase significantly. Land based casino gambling accounts for about $60 billion currently. However, there are many questions that remain unanswered so far as regulating online gambling goes. Interestingly, lottery companies feel threatened about the losses they are likely to face if online gambling gets legalized. Internet gambling is slowly growing into a major threat and whether it needs to be stopped to protect land-based revenues obtained from casinos is a debate that is still inconclusive. The best alternative is for the land based casinos to try to place their products online instead of trying to stop the government from legalizing online gaming. Fortunately, some Nevada casinos are open to doing so and other casinos should actually start thinking of following their examples.

European Commission Release

The European Commission released a paper on online gambling and debates have been going on since contemplation of the effects of the Green Paper. This debate will be thrown open to the public to get their opinions. The Green Paper is no doubt a controversial document and different online gambling trade groups with much hold over the online gambling world are concerned about the issues discussed here. One of such associations called the Remote Gaming Association appears to have reservations about the lack of commitment on part of the European Commission to implement the EU’s basic principles. It appears that the EC, acting on behalf of the EU, wants a more fragmented approach to internet gambling on a national level.

The EC has particularly called upon those involved in the online gambling world to answer the questions in this questionnaire. The greater the numbers of responses from interested parties, the greater are the chances of the EC knowing what the people really feel regarding this issue.

May 4, 2011

Handsome Promotions And Payouts

Filed under: Casino — Tags: , — OCE News @ 12:00 am

Virgin Casino has come up with a grand promotion in slots that will allow players to win as much as $250 every day till the 24th of April. Here, the top forty ranks will get cash prizes by playing any slot game like Star Trek, Da Vinci Diamonds, and Clover Rollover. Like the Virgin Casino, Roxy Palace Casino too has been handing over large payouts to its players recently.

One of the players took home an incredibly huge jackpot following his win at the new Fellowship of the Ring Slots. This game is known for bringing the thrills associated with the book and the movie right to your door! Along with this, there was also a Bonus Deuces Wild Video poker player winner. Roxy Palace continues to vow its audiences with its great range of quality gaming options with the approval of the eCOGRA.

Atlantis Internet Group

The US market today offers multiple online gaming opportunities especially in the wake of the Back Friday incident in which executives of three of the largest gaming giants were arrested for fraud and money laundering. In this scenario, the Atlantis Internet Group is trying to secure its position amidst the US Indian tribes by becoming a member of the National Indian Gaming Association. This non-profit organization based in Washington DC comprises members belonging to tribal gaming businesses in the US.

It tries to protect the welfare of these tribes which are desperate to become self-sufficient. The Atlantis Internet Group plans to have a business model which can work around the Indian game laws which the Congress passed in 2006. The idea is to integrate all gaming sites run by Indian casinos.

Las Vegas Makes Way for Asian Gambling Spots

Once called the world’s greatest and most popular gambling destination, Las Vegas is all set to lose the top spot to an Asian city. Earlier, it was Macau and now it is Singapore that is slowly taking over the gambling world. In Singapore, although there are just two casinos operating currently, the total revenues generated by both are likely to exceed the total revenues that Las Vegas generates.

Colorado Gambling Laws

Studies commissioned by land based casinos in the state of Colorado indicates that this state is soon likely to join the likes of Florida, California, Nevada and New Jersey which are advocating laws to make gambling lawful. These reports suggest that land based casino owners should make a beeline for internet gaming sites or they are likely to lose their position in the face of stiff competition.

The existing industry will be threatened unless Colorado takes steps to deal with online gambling. Although the Colorado attorney general feels this pastime is illegal, yet no one has been charged for illegal online gambling so far. However the office is authorized to prosecute players playing online poker under the existing gambling statutes. Land casinos should ideally encourage online gaming according to a local consultant called Palermo who feels that online poker rooms are better because they demand less maintenance and minimum start-up costs.

May 2, 2011

Australian Senator Speaks Against Online Gambling

Filed under: Casino — Tags: , — OCE News @ 12:00 am

Nick Xenophon, the infamous anti-online gambling advocate who is also an independent senator in the Parliament, came up with a novel idea for exercising greater control over online gambling. This was done to stop illegal betting that is carried on online and the attempts by losing players to avoid making credit card payments. He advocated stringent controls regarding advertising for companies having wagering products. Although laws in Australia ban online poker rooms and online casinos, as many as a billion gets wagered every year and there are hardly any persecutions related to such crimes.

Slots in the City

Quicksilver launched its latest release named “Slots in the City” which is currently active on its website. This is a multi-line game which blends the lifestyles of New York and Las Vegas and is at par with popular games like Le Posh Nosh, Maxamillion, Top Banana, etc. This new game comes with sophisticated graphics and stunning animations with 3D animated characters all in the midst of a busy city life. The classy New York lifestyle gets reflected in the yellow cabs, cocktails, and killer heels images. The game features a triple progressive jackpot which is not linked to the betting amount. The three random jackpots can be won through any paid spin at any time and playing with any amount.

Microgaming Withdraws

Microgaming has decided to leave the US casinos and all Microgaming powered games have been withdrawn with effect from this month. The Department of Justice made its decision leading to casinos barring Americans from playing there like the Royal Vegas, Vegas Palms, Fortune Lounge, All Slots, and Rich Reels- the list just keeps getting longer. In view of this ironical development, the US players are likely to resort to less trustworthy gaming sites that may not be able to protect player privacy or abide by professional ethics.

European Commission Turns Down Greek Request

The European Commission yet again turned down the request by Greece to consider its online gambling rules at a time when the politics and economy of the state are already in jeopardy. Some consideration is expected during June beginning and reports suggest that Greece’s ambition to implement reforms and generate tax revenues may not materialize in the end. The ruling party had claimed that such proposals would turn the already economically challenged country into a huge casino which is why the laws need to be revised.

The draft law is expected to generate as much as Euro 700 million every year through regulating the online gambling market. However, soon after the Minister presented the draft law to party members, fears of this law leading to gaming overabundance were voiced to the press.

Arrest of Poker Room Executives

Executives of three large online poker rooms were accused of frauds and money laundering in Manhattan and have been arrested for violating gambling laws in the United States. Nearly eleven people have been charged with which includes distinguished men like the Poker Stars founder.

These executives allegedly bribed banks to ensure that financial transactions declared illegal by the UIGEA to and from their sites continued unabated. The civil law suit amounts to nearly $3 billion and the accused may have to face thirty years of imprisonment if found guilty.

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