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August 28, 2012

New Gambling Legislation Shrouded In Controversy

Filed under: Casino — Tags: , — OCE News @ 1:58 am

With a special legislative session underway in the Senate, inside the Budget and Taxation Committee, which voted 11-1 on Thursday to allow a bill to be sent to the Senate floor. If the Senate votes to pass the bill, then the bill will be sent to the house. They are at the house, the bill is expecting to face a very uphill battle, with much controversy surrounding the legislation. The House has grown a reputation for not passing gambling legislative bills, and this one appears to be heading in the same direction.

According to Senate President Thomas V. Mike Miller Junior, the bill session will likely be wrapping up sometime on Tuesday, at the earliest, with the latest being sometime next week. A of organizations have Artie come out against the bill, and are expected to spend thousands of dollars rallying voters against the gambling bill.

One worry among proponents of the bill, is that other controversial issues, such as marriage equality, which could be on the same ballot, will turn out a horde of voters who were coming out particularly to vote no on pills that they do not agree with.

A number of internet or online related gambling bills have been put forward recently, all of which have garnered significant controversy.

With gambling, and more specifically Internet gambling, seeing increased attention over the course of the last few months, the masses are likely to be bitterly divided on the subject. In recent years, a number of Internet websites were shut down for allowing users to gamble online, playing games such as poker and other games additionally reserved for casinos. After these establishments were shut down, it appears that states are looking to pick up with these establishments left off, by offering gambling to individuals within their state, on the Internet.

August 26, 2012

Tropicana Las Vegas Sees Quarterly Revenue Boost

Filed under: Casino — Tags: , — OCE News @ 1:57 am

The Tropicana Las Vegas hotel, is one of the few hotels that his reporting a large boost in their revenue this year. With more than 1300 rooms on the property, the company has stated that their revenue grew $1 million from $24.4 million to $25.4 million, and the company was also able to cut down on their net loss from $9.4 million down to $6 million.

The company stated that they believed that the large gain was due to a 7% overall increase in revenue that came from the casino, on a year-to-year basis. The company also saw as much as a 20% increase in the amount of revenue that was generated from their hotel rooms and hotel related activities. However, there were some downsides to the announcements as well. The company also announced that their food and beverage revenue fell 13% to a total of $6.6 million. However, things are looking up because the company does have a number of activities planned in the coming months that should help to boost their overall food and beverage revenues.

The hotel room occupancy stayed fairly flat for the company, right around 93% overall. The daily rate for rooms jumped $13 over the previous year to $79, which helped them to increase their revenue in this portion.

The Tropicana is one of only a few hotels that has seen increased revenues since the financial collapse of 2008, which crippled some of the larger casinos throughout the area. Since that time, casinos have only hoped to make small improvements in their overall revenues, while still taking heavy losses, in hopes of being able to turn it around when the economy begins to turn around and Vegas begins to see more tourism.

Despite all of the troubles that casinos and other gambling institutions have had as of late, it appears that a number of companies have been able to trudge through these problems, including the Tropicana which continues to see increases in revenue in various aspects of their business. Their overall revenue has also increased, making the Tropicana one of the most successful Las Vegas casinos in recent years.

August 20, 2012

Strip and Nevada Statewide Casino Win Falls in June

Filed under: Casino — Tags: , — OCE News @ 1:55 am

The gambling win in both the Las Vegas strip, as well as statewide throughout Nevada, Ella total of 4.5% throughout June. Statewide,it was a total of a 6% drop off overall. This was compared to the same month, one year ago.this comes directly after a total of 18.1% drop on the Las Vegas strip throughout May.

For the fiscal year, which ended for the Las Vegas strip on June 30, the total win for the strip was flat, with a total jump of less than 0.6% overall. Most casinos to route the state, it posted lower winnings, throughout all of Clark County. In northern Las Vegas, in the Laughlin area, winnings were down by more than 20% for the month.

By all accounts, the quarter could have gone much better for all casinos, and there were very few bright spots to be happy about overall. The one bright spot, was to strip roulette winnings, which were a total of 33%. Sports betting also did well, and saw a large increase, but was not enough to turn the situation around as a whole. Blackjack fell more than 4.8% overall, with craps tumbling more than 21% and total gambling win.

Throughout the state, the gambling win for the fiscal year was 10.7 billion, which was up more than half of a percentage point. Although this gain is not a lot, any positive improvement is definitely something that the casinos are going to be happy about, since they have endured such a hard last few years. In all, the winnings from the casinos generated more than $38.2 million in tax revenue based on the June businesses, which was more than a 25% decline over the previous year. It is clear that dips in earnings as deep as this, not only negatively affect the casinos, but are going to drastically impact the tax revenue for the state as well.

August 16, 2012

Fortune Lounge Casinos Organize Casino Promos

Filed under: Casino — Tags: , — OCE News @ 6:13 am

Come June 18th, 2012, and you can be part of a grand promotional at the Fortune Lounge Casinos online. This promotion is expected to continue till August 21st, 2012. This promo is much publicized and has been reviewed to be one of the best promos that players should not miss under any circumstances. This promotion is expected to be carried out in four distinct phases and players will be kept informed regularly through email notifications. These mails will bear all details the players need to know for qualifying in this promo. All this information can be available in the casino website as well.

To be successful in this promo, the players must ensure they qualify in each round and participate in each of the four rounds. If the players have won in any of the rounds, their names are entered in the final draw for the grand prize which is passed to the Oktoberfest. The promotion winners are going to be gifted with all expenses-paid trips. You can even travel free with your partner to Munich which will host the Oktoberfest like every year. There are a total of four promo prizes for the Oktoberfest. Besides these four grand prizes, the players can win thousands of credits online as well as a Diamond VIP status valid for a year in whichever casino you may be playing. A third lifetime-valid Diamond VIP status will be offered in another giveaway. This lifetime status is also going to be given away to the players coming in positions 5, 6, and 7. A one-year valid Diamond status will be awarded to those coming anywhere between the positions 8 and 20. All credits are to be divided among the winning players.

This Oktoberfest is a hugely popular globally recognized festival, and being one of the most notable cultural events throughout Europe, more and more people are keen to witness it because it promises to be a whole lot of fun. Incidentally, at the casino website, you can even read about how you could get a taste of the world’s best beers in no time! To ensure you are there for the gala event, you must be present during the first round of the promotion commencing from July 18th to July 24th. All interested players have to place wagers of 100 credits at the least in Quest for Beer, which is the video slot. This is the gateway to participating in the second round of the promotion. These Fortune online casinos have been powered by Microgaming’s software.

River Belle casino introduces new mobile version of software

Steve jobs had written in a letter prior to his death about the reasons for deciding to discontinue the use of Adobe Flash in Apple’s mobile products. As a result, a rather important relationship between the two companies had been affected. When this official declaration was made, the River Belle casino had started to invest in resources for making an HTML version of the River Belle casino software. This was held as crucial for their mobile platform. Ever since River Belle casino released its online version as one for the smartphones, it had chosen to rely on Adobe Flash. It integrated Adobe Air in its software so that most of its users who are Android users can conveniently download all casino games. But, the casino soon realized that many Apple Users would be deprived in the process and therefore made every attempt to introduce a new mobile version of their software to make it HTML5 complaint. Although this software is not free from glitches, this online casino, that has enjoyed immense popularity among casino enthusiasts for their outstanding customer services, is happy that their efforts paid off and Apple users continue to come here.

August 14, 2012

Bally’s Roulette

Filed under: Casino — Tags: , — OCE News @ 6:11 am

As not every slot has been designed to cater to the masses, there are some that cater exclusively to a certain section of the audience. Niche games always have a specific target audience and one such game is the roulette from Bally. This happens to be a single-player game that can be played on a 32-inch screen. Earlier this was a single-zero game, but now double-zero versions have been launched. Every number here gets 1 out of 37 chances of showing up on any spin in the earlier single-zero versions. In the double-zero versions, the chances are 1 out of 38. When payoffs are equal to those in table roulette, a 2.7 percent and a 5.26 percent house edge are expected in the single- and double-zero versions, respectively. This is equivalent to a payback of 97.3 percent and 94.74 percent. Bally will not provide roulette for denominations in excess of $100, but you can play it with even a low amount as a penny. When you win a single number bet in a few versions of roulette, you can get a return of 36-for-1. When there is a single credit bet, your placed wager is deducted at once from your screen. When you emerge victorious, 36 credits get added to your own credit meter. For playing successful roulette on a format which deals with low denominations, certain machines have lower payoff. The payback percentage happens to be just the reverse of the house edge. In a 100 percent total, the house gets to keep 13.5 percent, whereas players are awarded the rest 86.5 percent. In the double-zero versions, there can be 38 possible results and any 100 percent game will pay 38 for 1.

32 Red Casino launches the Dark Knight

The online casino 32Red is extremely happy to unveil the Dark Knight slots which have been based on the landmark movie that took the world of cinema by storm. This came on the heels of Microgaming’s announcement of a deal with the Warner Brothers earlier in January of this year. This slot has five reels and there are 243 ways of wining in this slot. These are highly feature-rich and promise the player almost an equal degree of thrills the movie stood for. You can also win handsomely in these slots because players can avail of multiple bonuses and stacked wilds. These brighten your chances of winning and allow you to exploit the thrills of bonus round features. There is four-tier progressive jackpot and players can win any of these through a bonus wheel feature that gets randomly triggered. You can be either on Batman or Joker’s side as you spin this wheel. When you place high bets, your chances of winning a progressive jackpot increase. A casino spokesperson declared that this step was taken by them to fully make use of the popular frenzy surrounding the release of the Batman movie. Microgaming has always produced to-notch casino games and this launch promises to be no exception. The magic is all set to return with the launch of the Dark Knight.

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