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

For years now, the residents of Cincinnati have watched as other areas within the state built and prospered from a variety of hotels and casinos. Now, at long last, Cincinnati is planning to open its own casino and many residents are touting this as a good deal for the city as well as for the city’s economy. The project is expected to happen next spring and has been received with both excited acclaim and some anxiety from a few residents who feel casinos bring in crime and other social problems.

According to officials from the Horseshoe Casino, the city of Cincinnati submitted assurances that the $400 million gaming facility that is being proposed will be completed on time and that the facility will open as expected this upcoming spring. It was reported that the project is on schedule and staying within budget. The new Horseshoe Casino is said to become the fourth and last casino to open in Ohio.

One concern that some residents had about the proposed new casino was if it would fit the overall model of downtown Cincinnati. That issue was resolved and the casino will fit perfectly with its surroundings. The new facility will host a Margaritaville Restaurant which is said to be one of its of most popular coming attractions. Officals from Horseshoe were adamant that their efforts fit into the locals needs and that it represented Cincinnati is a good light.

The new casino was approved back in 2009 along with three other casinos. It was during the 2008 recession, which hit Ohio hard, that voters finally gave in to allowing casinos. Because of the four casinos that were approved, thousands of Ohio residents, and many others, have been able to find and keep steady work.

According to gaming analyst Brad Dawkins, “The Ohio casinos did exactly what lawmakers anticipated they would do. They created jobs, and they now are starting the process of bringing hundreds of millions of dollars to the state budget. So far it has been a win-win for lawmakers and residents of Ohio.” Even so, some critics remain.

The critics, for the most part, are keeping quiet until they see if the casinos that were allowed actually bring in revenues while at the same time are able to keep crime low. They are also worried about gambling addiction becoming a problem. To date, no reports have been issued showing any large increase in crime due to the casinos.

The new casino is owned by Daniel Gilbert, who also owns the Cleveland Cavaliers. He is the founder of the Rock Gaming organization which is said to own both the new casino in Cleveland as well as the Horseshoe Casino going up in Cincinnati. As for the casinos that are located in Toledo and Columbus, the rights to those are owned by Penn National gaming.

No estimates were released as to just how much revenue the city of Cincinnati might expect once the new casino opens in the spring. If the new casino has as much success as its predecessors, revenues should be impressive and very helpful to this financially struggling city.

United Kingdom users of iPhones will now be able to place real money bets via their smartphones. This is a first, according to mobilecasinogame.co.uk., and it is being called a huge step forward in terms of bringing newer and better access to mobile gambling to the masses. At least to those who are living within the UK and have iPhones.

The new app is being introduced by Big Fish Games, Inc and its main feature is that it will be able to accept real money bets. The new iPhone app will be familiar to some users as it is fashioned on the mobile casino game known as Card Ace: Casino, which is already very popular in social media circles that also use mobile features. Users of the new version of the gambling app will be able to place real money wagers on slots, roulette, video poker, and blackjack. The app will be accessible through Google’s Android platform, iOS, and Facebook.

It should be noted that real money wagering (once the app is released) will only be allowed to UK users who are of legal age (18 or older). The UK allows online and mobile gambling. The new app is said to have been redesigned, making it much easier for users to place bets, track bets and play the various games that are being offered. Tablet users will also be able to use the new gambling app, and it has been reported that tablet users will also find the new app easy to use and fast (depending, of course, on access to quality Wi-Fi).

Facebook already allows UK users to wager via its Bingo and Slot Friendzy app which have become incredibly popular since they were first introduced to Facebook users. The new iPhone app will add to the user experience by allowing easier access and more gaming selections, something that many users have been demanding for some time now. Facebook users will be using real money with the new app rather than using Facebook credits which is what was used prior. There was no word as to whether or not Bingo and Slots Friendzy will be affected by the release of the new app in terms of changing from Facebook credits to real money wagering.

The UK is often chosen as the launching site for many mobile gaming apps because of its laws which are more favorable to online and mobile gambling than many other countries. Some experts suggest that as the EU debt crisis continues, other EU countries may relax their mobile and online gaming laws as well in order to get their share of this booming new revenue market. Mobile gaming revenues are soaring for some established companies such as Betfair, which has seen an increase in its mobile revenues jump by over 90 percent.

In related news, gaming developer Playtech may also be considering a move into European gaming markets. It has recently received a license to do business in Gibraltar and has already opened an office there. The company states that it is currently in the development phase of innovative products that it hopes will propel it into this emerging market.

In terms of big, international breaking news of interest to gambling and casinos, one might not think that the upcoming vote that is scheduled to take place in East Dundee, Illinois is of any importance. To some extent that what be a correct presumption. However, the upcoming vote in East Dundee as to whether or not the town should ban video gambling is a topic that concerns many states and localities across the US. The reason is simple: this type of betting, be it through video gambling machines or old-fashioned bingo parlors, brings in a lot of revenue to these areas. This revenue is often the only thing that is keeping a small, local town above water in terms of its finances. Losing this revenue, for any reason, would bring hardship.

In the case of East Dundee, the current rule is that video gambling is banned. The upcoming vote will determine if the town should allow video gambling, its revenues would increase. The vote is being sponsored by the village’s board committee, and local merchants have already suggested that terminating the ban would be good business for the local area as well as for their respective businesses.

According to reports submitted by local officials, allowing video gambling in the village could generate $100,000 to $250,000. As one might imagine, this is much needed revenue for a small town these days. It was also reported that many of the surrounding towns already have instituted video gaming in their areas and this is causing local East Dundee residents to go those locales to play. Local business owners who would host video gaming machines in their establishments want to keep local residents in town instead of having them travel to other out-of-town businesses. For many of these business owners it just a simple matter of trying to stay in business.

In order to pass, the measure requires four “yes” votes but as of this writing that number does not seem possible. Four members of committee have already said that they prefer to keep the ban in place. One trustee is undecided and the others are not committed yet one way or the other.

A petition that was circulated by local merchants in support of removing the ban gained 650 signatures, which is a lot considering the size of the village. This was done in order to get the issue placed on a November ballot as a referendum, but the merchants missed the deadline for filing and the matter must now be resolved by the village committee. That outcome is still very uncertain. What is not uncertain is that keeping the ban will hurt local businesses and deny the village of much needed revenue.

What may be of interest to many reading this article is that local communities all over the US are actively seeking ways to bring in more revenue. Gaming revenues are a proven means of doing exactly that and as such it is expected that more and more communities will reassess their standing on legalized gaming in the areas.

While many Las Vegas companies, and gambling institutions are noticeably weary about the economic conditions that surround them today, MGM Resorts International Chairman Jim Murren said on Tuesday that the company is in the strongest financial position that they have been, since the financial crisis in 2008. You also went on to say that he hoped that this trend would improve, and that the company could begin to see the profits that they saw before the financial collapse.

The comment does seem to be a little bit odd given the recent announcement. The company recently announced that they lost $145.5 million in the second quarter of this year. The losses were twice that per-share of what had been estimated by Wall Street analysis, and by analysis throughout the world. However, on the heels of the announcement by the chairman, shares for the company saw the largest increase that they had seen in the last year. The company reportedly has a cash balance of $1.7 million at this time, with a total long-term debt of more than 13.4 billion. Although this may seem like a lot, the chairman did say that they seem to be a level that they were not concerned with, and was actually lower than many points they have been at throughout the company’s history.

The chief financial officer for the company,, Dan D-Arrigo also stated that they were looking to refinance more debt at lower rates. The improved balance sheet would do a lot for the company, and would allow them to make investments in other areas of the company in an effort to increase their revenue, and further the decrease of their debt.

In a conference call with investors, as well as analyst, the company said that they were looking to renovate a number of restaurants and their locations, and generally make changes that they see as beneficial in the future. MGM overall as seen in net income of $3.44 billion, for a total of $6.22 per share. Many of their earnings came from placing funds in the Macau stock exchange, and seeing excellent returns on those investments.