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

A leading member of English Harbour Casino group, Millionaire Casino, is a well established and highly respected casino in UK. The casino offers a wide selection of exciting games including conventional and modern games to their clients. It mainly offers thrilling slot tournaments along with compelling bonuses.

Now, it has decided to host The Late Night Show online tournaments during the last week of November. Starting from November 24^th, 2010, these tournaments will be hosted every evening beginning from 10 pm.

Operating since 2001, Millionaire Casino offers all the popular variations of table games that give a truly amazing experience to the players. Unlike other casinos, it is very liberal with players when it comes to withdrawing amount after the gameplay.

It allows players to withdraw up to $5,000 per day and strives to deliver a comfortable and rich experience to them. Moreover, it does not impose any stringent rules on players and keeps gaming easy and comfortable for the players.

The Latest News

Millionaire Casino now decides to host an amazing late night tournament offering endless fun and big jackpots to players. The Late Night Gaming Tournament will be held in the last week of November. From 24^th November, 2010, the tournaments will be hosted every evening from 10 pm till 2 in morning.

The idea behind organizing daily late night game tournaments is to provide never-ending fun and excitement to those who work till late in the evening and don’t get the time to play online casino games. The winners are announced at 2 am for every slot event.

Scheduled Games

The casino has many exciting slot games to offer to its clients. The games will be changed every night. The site will launch a new late night event every evening at 10 pm running till 2 am. For Wednesday 24^th, the slot game will be Sumo that features Japanese characters including the sumo wrestler, the geisha girl and the samurai warrior. This will appeal to those who love wrestling.

On Thursday, November 25^th, the casino will be hosting Tiki Lounge featuring exotic environment of South Sea Islands. The late night event scheduled for Friday evening is Fat Cat with characters such as the filthy rich Fat Cat and his girlfriend. Birds of Paradise is the perfect game for a Saturday evening.

Players can enjoy this amazing game from 10 pm to 2 am. Eastern Dragon is the slot game scheduled for Sunday, 28^th November. A very popular casino game, Cash Caboose set in the days of transcontinental railways, is the slot game for Monday, 29^th November. Finally, the Late Night Gaming Tournament will end on Tuesday, 30^th November 2010 with Rocking Robin.

Entry Fees and Prize

The entry fees for these exciting tournaments is as low as $ 2.25 with subsequent re-buys costing $ 2.25 each. If you like to settle down with casino action after working late into the evening, this is the best opportunity for you to have endless fun and excitement. Though it does not offer any guaranteed prize but the amount collected will be divided between the top three players.

50 percent of the total amount will be given to the first placed player, 35 percent will go to the player in the second place and remaining 15 percent of the pot amount will be given to the player in the third place. A consolation prize of $ 10 will also be given to the players from position 4^th to 8^th.

A year after its opening in Pittsburgh, new River’s Casino has attracted mixed reactions. According to Standard and Poor’s Rating services, Rivers Casino is falling short of its own revenue projections. The official revenue figures of this casino are not able to meet those estimates which had been set by the state Gaming Control Board, rating agencies and industry watchers. The casino’s fortunes for investors are tracked and kept in account by Standard and Poor which has marked the downgrade in the North Shore casino’s debt ratings three times throughout one whole year.

The representative and analyst Michael Listner feels that in comparison with the amount of $800 million spent on the property, the revenues are too meager. He held that this property is one of the most expensive in the state and yet, has not been able to maintain the forefront in gathering revenues. It ranks only fifth or sixth out of nine casinos that are operational at present in the state. Mr. Listner follows Rivers Casino’s affiliate company, Holdings Gaming Borrower LP.

What Casino Officials say

However what the casino leaders and officials say, creates a different picture of River’s Casino. According to them the casino is still able to play more than 2,800 slot machines legally, which is worth noting. Along with the table games which were approved by the state and installed in August 2010, the Rivers Casino is doing well.

The reason given for the shortfall of targeted revenue figures is that casinos take time to get effectively operational. They need enough time to decide upon such matters like the getting the right employees and what total number of workers are required. Todd Moyer, Rivers’ general manager asserts that they are pleased with the business done till now.

Reason behind Property Cost

According to Rivers spokesman Jack Horner, the opinions of rating agencies cannot impact operations of Rivers Casino. Their consultant Christiansen maintains that property maintenance, especially casino upgrades, exercise a strain for any casino. It is therefore advisable for casino owners to spend larger amounts of capital every five to seven years to refresh their properties.

However, contradicting this opinion, Mr. Listner asserted that casino industry owners always try to make themselves the next great property by constantly updating and adding new equipment. According to him, within the span of five years, Rivers’ owners will have to face challenges. What matters most to Standard and Poor is the level of cash flow which is required to meet the debt service and maintenance.

Conclusion

The scenario makes it feasible that casino gaming may have reached the anticipated and feared saturation point. River’s Casino is said to be underperforming. The cash flow issue has been nagging since June 2010, and River’s Casino had to restructure the debt. Although it is not considered as a worse situation, credit rating agencies think otherwise. As stated earlier, Standard and Poor’s Rating services therefore marked the downgrade once since the casino opened last August and twice again after the debt restructuring happened.

In general, the opinion is that Rivers Casino needs to survive in some way. This can be done by either earning much more than it can do at present or then by cutting on costs that involve such matters like payroll, or selective default of debts. But there is no question about the fact that the revenues of this casino are falling much short of what the majority of finance experts and casino industry leaders had expected.

Totally Wicked Casino opened more avenues for the gaming world when it went live on December 22, 2010. The gaming hub, owned by Total E Soft Ltd, the UK, is offering the most popular games including craps, poker, and roulette. You will never get bored of the real or imaginary chips or when you play for free or for a fee. Pull a poker face or play to the hilt at tables and slots. Take your pick from red or black or high or low. You can try your luck or just have some fun.

A Host Of Surprises

The staff is already very excited about the launch and is now gearing up for the January 2011 Mr. Wicked style facelift. The staff feels that the casino is a great way to make new friends and have some fun. The casino will be full of “life” once the characters and graphics populate it in January. There is more to follow in March 2011 when the company will launch a new site totally dedicated to poker. Mr. Wicked and rest of the staff are on a roll and they are eager to take you along.

All About The Casino

Totally Wicked Casino offers many games which you can check on their new swanky website. The website is user-friendly and answers questions of the players on the FAQ page. You can also get live customer support 24 hours a day. They also have a page dedicated to the rules of the game to help the new players. The company is also offering a new software download where you can find more than 100 exciting games. The fun does not end here. There is an option of “Install on Demand” which means you can let the download carry on in the background while you enjoy the instant play.

You can play live dealer games by simply logging in. There are many promotions being offered by the company. For instance, there is 100 percent first deposit bonus. You can also get $25 if you refer a friend to the casino. There are other regular monthly promotions that you can check on the website. The 3D graphics and the latest digital sound effects and music double the fun involved in gaming.

The casino understands that there can be a snag and you can get disconnected from the Internet. The company has designed software so that the clients do not suffer losses. At the same time, they take care that there is no system abuse and no intentional disconnections. There are multiple options of making payments including major credit cards, money orders, and Western Union. You can easily add funds to your account or make withdrawals. The withdrawals get processed within five days.

You can modify the bets that you have placed at the casino if you do not like them. The download process takes a meager 15 minutes and opens a new vista for gaming enthusiasts. It is absolutely safe to use your credit or debit card with this gaming site. It is secure, fast, and user-friendly. Currently, there are four jackpots running on the site. The progressive jackpots are over $1,500,000. So, what are you waiting for? Jump at the opportunity and try your hand. Happy Gaming!