News

Potential Shift of Power on Horizon for Vegas Casino Empire

Ms. Elaine Wynn, co-founder of Las Vegas’s three revitalizing veteran resorts and casinos, the Mirage, Bellagio, and Wynn Resorts, and ex-wife of the resort’s fellow founder and current chief executive, Steve Wynn, has been, for various spoken reasons, recently denied the self-nominated revocation as a director on the resort’s Board of Directors. The beginning of this not-so-surprising outcome started through the majority-vote decision to disassemble Ms. Wynn’s seat during a meeting this past March, held by the $13 billion resort company’s corporate governance team. The reason given by the ultimate power holders, namely the governance itself, as well as the, now, Caucasian-male-only, Board of Directors of Wynn Resorts… more

May 28, 2015 : Posted in News No Comments

Massachusetts Officials Refuse to Give Permit for New Wynn Casino

Friday April 3rd 2015, Governor Baker refused to issue a permit this week to the developers of the new Wynn casino to move forward with their expansion in Massachusetts. This new addition to Wynn’s line-up will be a 1.7 billion dollar hotel and casino that overlooks the Mystic River located in Everett, if allowed to move forward. The MBTA (Massachusetts Bay Transportation Authority) recently sold 1.75 acres to Wynn for $6 million less than a month ago wanting the land for access to the main site. Matthew Beaton secretary of energy and environmental affairs for the governor says that the land transfer violates the Massachusetts… more

April 6, 2015 : Posted in News No Comments

Truck Runs Into Casino, Driver Commits Suicide

The Stratosphere Hotel and Casino was rocked when a Ford pickup slammed into the front entrance and went through the glass doors, causing significant damage to the hotels entrance. Ryan Brown, the driver of the truck, was high on a cocktail of drugs when he deliberately ran his truck into the casino doors. Witnesses say that the F150 looked as if it was going to park with the valet service when it suddenly turned sharply to the right and speed up toward the casino. Patrons and staff were confused and startled by the earthquake-like crash. One witness told local news it… more

March 30, 2015 : Posted in News No Comments

Does Legalized USA Gaming Mean Fiscal Benefits?

One of the primary reasons for governments introducing USA casino gambling is the purported economic growth from gaming development. Among these benefits is economic growth. Over the last half-century, policies that promote economic growth have become an integral part of public sector economic activity. In the U.S., state government attempts to attract industry via tax breaks and financial incentives have been the object of considerable research attention. But the apparent inability of either of these sets of policies to sustain successful outcomes over time has led state policy makers to explore alternative avenues. Writing in the 1930s Joseph Schumpeter noted that… more

March 19, 2015 : Posted in News No Comments

Hotel-Casino Security and Big Brother Watching

The Ray Rice left hook at the Revel Hotel and Casino in Atlantic City, NJ is now a hot global news item. Fortunately, this is not just another article about the hoopla surrounding the incident. What is important to committed gamblers is the role the hotel plays for everyone involved. The growing numbers of incidents like this is astonishing. If you don’t know here is the video and some background on what went down.I like to say that a casino may be the best place to keep your money, in the physical sense. With the millions of people who bring… more

September 12, 2014 : Posted in News No Comments

Reval Casino Atlantic City Is Closing After Costing NJ A Fortune

The continued decline of casino revenues in New Jersey came to the forefront recently with the announced filing of bankruptcy for the Revel Casino Hotel in Atlantic City. Advertised as a luxury themed hotel, it was supposed to accent a more posh gambling and vacationing environment, with hotel rooms that faced the ocean and a more comfortable hotel environment than existing casino hotels. The attempt ended with a resounding thud, with the casino continuing to bleed money after New Jersey pumped in more than $260 million to keep it afloat. This is yet another failed attempt by the New Jersey… more

June 26, 2014 : Posted in News No Comments

What Is The Best Hand In Poker?

Most professional poker players in the world have a different answer to this question. You could survey all of the biggest names in the game and get several responses. There is only one way to make sure that your game is strong, and that is to play it like the pros. Here is what the pros would do when they are trying to find the best possible hand in the game. Think It Over There is no one greatest hand of all time. Aces and Eights have won people millions of dollars, but it was once known as the “Dead… more

May 6, 2014 : Posted in News No Comments

Strategies For Having A Winning Night At The Casino

When I was younger I had a phobia about casinos: I thought only pros belonged there and just thinking about going made me break out in a cold sweat. I was convinced that if I ever went I would make a complete fool of myself and go broke: sadly the word fool doesn’t begin to describe the disaster that was my first gambling experience. Lucky for you though, I got over it and now I can share my advice to help you have a lot of fun and maybe even help you make a lot of money. Here are my… more

April 28, 2014 : Posted in News No Comments

Maryland Live Casino is Dominating the Market: Record Earnings Surprise All

Some would say it is easy when you have 177 table games and 4,322 slot machines and an advertising budget the size of a small city. No wonder Maryland Live Casino is expected to continue its dominance in the gambling market in the immediate future. Maryland’s four casinos pulled in $78 million of record breaking revenue in the month of March 2014 alone, with the monthly revenue before this hovering around $70 million. Those are the largest gaming profit numbers short of Las Vegas and Foxwoods. The casino’s jump of 38.5% in gross revenue in March 2013  is its highest mark… more

April 10, 2014 : Posted in News No Comments

The Governer with a Fast Pen – Expansion of Gambling in Illinois

The Battles over who will be on top of the new expansion of gambling in Illinois is long under way, as proponents say it will raise millions of dollars in needed funds for the beleaguer state coffers. Let’s look at the track record (no pun intended) to date. Governor Quinn has vetoed 2 previous attempts at passing an Expansions of Gambling in Illinois and The 3rd attempt is looking like it too will fail as this writer reviews the bill and tends to side with the governor’s reasoning. Superficially the bill if signed into law will bring in much needed… more

March 22, 2014 : Posted in News No Comments