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March 16, 2011

West Virginia Pushing To Extend Gambling Laws

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

The Senate in West Virginia has announced plans to extend the current gambling legislation. On Wednesday, the Senate Judiciary Committee voted for the possibility of gamblers being able to bet more within casinos in the state. The West Virginia Lottery, the Greenbrier and the four horse race tracks have been particularly vocal over this matter.

The Recent Struggle

The recent economic recession has had a major financial impact on casinos within West Virginia. This is not the only cause. The state has also had to struggle against increased competition from its neighbors. In 2010, Maryland opened its very first casino in an attempt to benefit from gambling and present plans are for setting up at least three more slot casinos, one pending and two planned. Pennsylvania, along with a multitude of northeastern states, has also decided to up the number of casinos available. Ohio plans to introduce new establishments within the following months.

This competition has had a major impact on the money being drawn in by West Virginia’s gambling establishments. In 2007, profits stood at $972 million. Last year, this had fallen to just $727 million. Wheeling Island and Mountaineer Park, two of the state’s panhandle tracks, have been hit badly by this competition with slot business revenue being reduced by approximately a third over the past three years.

The Proposed Bill

The bill has only been designed to affect the slot machines found at Greenbrier and the four race tracks. It will not cover the video lottery machines. Basically, it will allow players to bet larger amounts than they are currently able to bid. The current maximum stands at $5 but if the bill is passed, then this limit would be removed from around 10, 000 slot machines in these establishments. Currently, many other states have a higher limit, if one at all. For example, Maryland has a limit of $100 while Ohio and Pennsylvania have none. Machines in West Virginia would then be able to accept bills of $50 and $100. Presently, they only accept bills with the value of $1, $5, $10 and $20. This would also benefit the state as it would not be forced to order these specialist slot machines because these bill limitations are hardly used by other states anymore.

The bill would also give a certain percentage of track revenue towards improvements and upgrades within these gambling organizations. Around 2.5 percent of any net winnings would be placed into a fund and the money would then be matched in terms of profits made at the race tracks and by Greenbrier. The funds could then be used to purchase gaming equipment, slot machines and security features. In addition, the bill would allow Greenbrier to supply off track horse racing.

The Future Benefits

It has been estimated by officials that this bill could produce an increased yearly profit of approximately $19 million for the state. By placing themselves at a more even level with their competitors, West Virginia expects to see an influx of players into the region. These changes could be implemented as early as Friday.

February 27, 2011

Good News For Online Casinos In New Jersey

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

Online gambling is illegal in most states of USA. In New Jersey, a bill was introduced in 2010 to legalize online casinos and gambling. This bill was passed in early January 2011. This is definitely good news for online casinos in New Jersey.

Online Gaming Bill

Online casinos and gambling is extremely popular in the United States as well as around the world. Though they are mostly illegal, they offer the same thrill as real time gambling, without ever having to leave one’s home or office. Steps to legalize online gambling, exercise control over these games and collect taxes has been a move that many states in the US have been aiming at.

The New Jersey Online Gaming Bill had been in the pipeline from the year 2009. After a lot of debate and thought, the bill was finally passed by the state Senate in November, 2010, with a majority of 29 voting for the bill and five voting against. On January 11, 2011, the New Jersey Assembly also voted for the bill with a majority of 63 in favor and 11 against. This was an epic win as it is expected to entirely change the face of gambling in New Jersey and USA. The only step remaining is the signing of the bill by the Governor. Spokesmen say the Governor will most likely sign the bill.

Criteria For Online Gambling

There are certain criteria to be followed under the provisions of the bill. The bill specifies that online casinos can be operated only by Atlantic City Casinos. No private individuals or firms can operate them. Another point is that the equipment used for online games need to be placed in a secure location in Atlantic City itself, either on the casino premises or in a separate location. Even though the bill states that the casinos are to be located in Atlantic City, online games are available to people all across the United States.

The main advantage of such a bill being passed is the huge revenue that these games are likely to generate. It is estimated that the state will earn around $350 million in tax revenues every year once online gambling is legalized. The bill is also expected to offer job opportunities to thousands of people. Such a move is not without negative implications. Protection of players remains an issue as the internet is more prone to hacking and identity theft. Many argue that online gaming could compromise the integrity of the game. Another argument used against legalization of online gambling is that real time casinos may start losing business due to this.

Legalized online casinos mean a whole lot of revenue for the state despite these drawbacks. It is anticipated that many states will follow the footsteps of New Jersey and come up with their own online gambling bills. In fact, California is already planning such a bill in this current year which they expect to pass by 2012. This implies that the entire scenario of online gaming is likely to change in the US.

February 25, 2011

William Hill: The New Android Application

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

The largest betting and gaming provider in Britain, William Hill, has recently brought out a new Android application for all its mobile users. Now, Android users will be able to access more than 40,000 In-Play, pre-match, and specialty markets whenever and wherever they want through their handheld device. Similar to the online application, players can place bets before a sporting event and even while it’s taking place by using their handset. They’re also able to manage their William Hill Sportsbook and Racebook accounts.

The latest Android application has been praised for its numerous brand-new features and improved graphics. It’s also faster and more efficient than its predecessor. In addition to this, the Racing Post and William Hill have launched the Android addition of the horse racing application. This is currently a success with iPhone users, 200,000 of which have already downloaded it. It’s hoped that a similar pattern will follow with the Android version.

It’s possible to download these applications for free online as long as you have Android 2.2. For a total gambling experience on the mobile, players can download the William Hill Sportsbook. There’s a wide variety of markets available on this, for example, horse racing and football. Furthermore, players can place bets on In-Play markets as well as deposit and withdraw their funds. Though many competitors have followed the iPhone route, William Hill is eager to utilize that of the Android. And, so far, this has been advantageous: in 2010, the British gambling provider saw an 800 percent rise in betting with an 828 percent turnover increase as well as a 900 percent influx of new users. But, William Hill has not forgotten about iPhone users and has been sure to also provide an improved browser application.

The year 2002 saw the beginnings of major technological advances in cell phones, and betting businesses quickly saw the opening for mobile gambling. Although only worth about $5 million in the gaming market in 2004, this had grown to an estimated $1 billion by 2006. William Hill is now following in the footsteps of companies such as Microgaming. Based on the Isle of Man, Microgaming also announced this month that its games could now be played on the Android 2.2. It has been predicted by Gartner, a leader in technological research, which by 2012 Android will have a 14 percent market share in the global smart phone market. They have also predicted that by 2014 it will beat competitors like iPhone and BlackBerry in becoming the most popularly used mobile operating system. Already, Android is the operating system behind such companies as Motorola Milestone 2 and Google Nexus One and has future plans for pad-style devices later on this year.

William Hill’s new Android application is a further evolution in the way people view and take part in gambling. Not only is this new application more effective and visually attractive, but it’s free too. Betting is now more easily accessible and manageable than it has ever been before.

February 11, 2011

Hawaii Makes Yet Another Attempt At Expansion

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

Hawaii is one state that has resisted the expansion of gambling within its territory longer than any other state but this may soon change. The Hawaiian resistance can soon crumble as the Hawaiian lawmakers are planning on serious expansion plans after many years and umpteen failed attempts.

The resistance can be largely credited to the efforts of former Governor Linda Lingle. Each time the issue came up during her tenure, she ensured that it was defeated. With the leadership in the state changing hands, the lawmakers are renewing their attempts yet again to ensure that gambling laws are liberalized enabling profitable new ventures to open in Hawaii. A casino resort and lottery is on the agenda of the lawmakers of this tropical paradise.

House Finance Chairman echoes the feelings of the legislators when he says that this might be the right opportunity. He opines that a real discussion on the subject was denied because of the adamant stand of the former governor. The discussion is only the first step of what looks like a long haul for the legislators. They want to be doubly sure of what they are getting into by conducting a series of studies on the advantages and disadvantages of gambling expansion.

Hawaii is one of the best known tourist locations in the US. Adding a few casino resorts will give the tourism industry a huge boost and perhaps bring in thousands of more tourists. The concern that the lawmakers have, and rightly so, is the possibility of the locals falling into the trap of gambling. That precisely is the reason why gambling expansion has not taken off in a big way in the state.

In recent years however, the issue of locals falling victims to problem gambling has been taken off the burner as the temptation of millions of dollars in tax revenue that the casino expansion could bring has greatly swayed the priorities of the state. A lot of states that allow and incentivize casino industries have moved on to add many more and rake in the big bucks by adding more tables and expanding their state lotteries.

Hawaii lawmakers are sure that they can find a way around to safeguard the interests of the locals and keep them away from the casinos by making the existing laws more stringent. They are committed to protect the lives and families of those who belong to the low income group and might fall to the temptation of gambling once they have the convenience of choice.

They are waiting for approval for that one extra casino. Once that happens they expect developers to pay more than a 100 million dollars for the rights to operate the casinos.

There is good news for gambling enthusiasts from Fort Lauderdale too. Senators have long been discussing the South Beach as a possible landing spot for casino resorts that is expected to be a draw for some of the biggest names in the gaming industry. The locale is the perfect setting for gaming centers and resorts. The place is always teeming with tourists with celebrities also frequenting the place during weekends and holidays.

Governor Ricky Scott seems to have opened up to the idea of having casino resorts on the beach after some initial reservations. It seems that the decision is influenced by the hundreds of jobs the casinos would create for the locals and of course the millions that it would bring to the government in tax revenues.

February 9, 2011

The Uncertainty Regarding Video Gambling Continues In Illinois

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

Video gambling has been an issue of intense debate in Illinois. The lawmakers have been considering the possibility of legalizing video gambling in the state. Now, after a state appellate court rejected the law on the grounds that it violated the Constitution, it appears that there will be more vigorous discussion on the touchy issue.

A 1st District appellate court was unanimous in its decision that the move to legalize video gambling in the state and create higher taxes on candy, liquor, and other necessary items of daily use like toothpaste was clearly unconstitutional. The bill, the court claims, can have only one subject matter. The proposed law violated that condition.

Many leading gambling analysts including gaming analyst Steve Schwartz feel that the incident can now make the situation more complicated for video gambling owners and players. The law was brought to the present levels after tough negotiations and cajoling with the lawmakers. Now, to start all over again with new legislators in office can prove to be an uphill battle.

The decision has failed to cut ice with the Governor Pat Quinn. He is already preparing to appeal the decision to the state Supreme Court. The reason is not far to seek. It is nobody’s secret that the state will be faced with severe budget problems if the law is not put in place. The state expected to rake in millions of dollars in tax revenue from the bill. The decision has clearly rattled a lot of people who are in control of the state economy as they seem to have placed high hopes on the revenue from video gambling to set their house in order.

The next order of business for Governor Quinn is to ask the Supreme Court for a stay on the ruling of the appellate court until the higher court has an opportunity to give a ruling on the issue. The objective here is to buy some precious time as it will take a few more months for the Supreme Court to get around in handling this complicated case.

Video gambling has enough supporters among the decision makers despite the setback and the pending opposition. If the current bill is seen as inappropriate and violating the Constitution, then the legislators hope to come together and decide on a new gambling law soon. This is evident from the statements coming from most of the legislators after the law was thrown out by the state appellate court. They have very clearly reiterated their commitment to ensuring that video gambling expansion takes place in the near future.

In the distant Maryland, lawmakers have already approved five slot cases for the state, two of which are already open and the third expected to break ground this week. They have set their sights on the table games for these casinos. It is evident that once the gambling expansion starts in any state, it is quite difficult to control the momentum. What starts out as a small or medium sized slot casino can turn into a full scale, all-facilities gaming center in next to no time.

In Maryland, the lawmakers look to slow down the expansion process so that the situation does not go out of control and gambling centers are limited to a few locations.

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