News Games and Casino Games Online » casino industry

Casinos reopened in Alabama

admin — Sun, 01 Jan 2012 09:05:24 +0000

The Alabama legislature is re-evaluating the possibility of opening all the casinos that have been closed for the action of the anti-gambling forces devised by Gov. Bob Riley. Revocation is accepted as one of the three casinos would reopen their facilities Country Crossing.

While the state legislature prepares for what will be a hard week of debates and discussions, a judge is preparing to receive legal complaints made about the constitutionality of the training designed by Riley. For now, the commission in charge with eight legislators has determined that you are not allowing the anti-gambling forces close more casinos in Alabama.

“The casino industry does not produce any kind of violence. In any case, that is adding an ingredient of violence in this situation is the governor “said Hank Sanders, a senator from Alabama.

Officials and lawmakers who favor the measure Riley proposed the authorization of a few local electronic bingoes (10 in total) and a heavy tax for the slot machines.

The Republican opposition is confident it can repeal the measure of Riley. Democrats have sought help to get more fans to support them in the new anti-gambling measure, but have not achieved the expected announcement.

Three of the largest state-owned casinos have been forced to close their facilities. This is the VictoyLand, in Shorter, Country Crossing, in Dothan, and White Hall Entertainment Center in Lowndes County. The White Hall was closed by the anti-gambling forces Riley during the month of March 2009.

Casinos in Hawaii in Debate

admin — Sun, 10 Oct 2010 09:25:06 +0000

In Hawaii had always been an open policy against gambling. Its citizens had no right to place bets of any kind and not even considered the possibility of building a casino on the island.

Now, a new measure would allow for planning and opening of tribal casinos. Through this initiative would try to boost the economy of the small island while creating new jobs for the population.

However, the proposal must consider the fact that Native Hawaiians do not yet have the authorization that would enable them to bet any money on casinos to be developed there.

Hawaii lawmakers seem to have no intention of changing its policy regarding the legal status of gambling on the island. Therefore, the possibility of building casinos Hawaiians remain under consideration until national legislation definitively decide what rights they give to the natives when the stakes.

Previously, U.S. Senators Inouye and Akaka had submitted projects through which is required to recognize the natives of the island as citizens with equal rights as any American.

Approved the construction of new casinos, the dividends they can gain status on casino profits would reach 7% (as estimated by the newly established Gambling Commission) of the total.

Moreover, according to official estimates, the construction of a casino in Hawaii would bring about $ 143 million annually to the state and create over 20,000 jobs.

Profits fall at St. Louis

admin — Sun, 10 Oct 2010 09:11:29 +0000

As the snowfall was increasing during the months of December and January in St. Louis, the casino profits decreased proportionally.

The difficult weather conditions, with high unemployment and the small amount of money available in the population to make bets were some elements that were combined for state casinos show negative numbers in the profits during the last month January.

Lumiere Place, for example, was one of the betting parlors that showed profits down since its opening, more than two years.

According to reports made by the Missouri Gaming Commission the Illinois Gaming Board, the revenues from casino industry in the St. Louis area fell nearly five percent. The Casino Queen in East St. Louis showed a drop of nearly eight percent over the same period last year.

Of all the casinos bordering the Mississippi River, the only one who has not seen negative numbers in profit last January was the President Casino. This floating casino raked in $ 1.99 million during the last month, reaching above the figure obtained in the previous year ($ 1.93 million).

Other casinos in the area are showed low performance in the Ameristar Casino and Harrah’s Casino in Maryland. During the month of March, will open the River City Casino. It is hoped that this new openness change the sign of the balance of profits in St. Louis.

Incoming search terms for the article:

Regulations casinos in Nepal

admin — Sat, 17 Jul 2010 18:15:33 +0000

In recent weeks the government of Nepal announced a series of regulations that affect the casino industry and gambling at the local level. The measures in the approval process for casinos, in addition, also spread over different centers and spas and entertainment venues.

The spokesman Laxman Bhattarai said he had received dozens of complaints about a series of negligence within the casino industry. “We have seen the need for close follow-up on the various activities that affect the casinos, so the ministry is no alternative but to make the relevant regulations,” said Bhattarai.

So far, the Nepal Police was responsible for ensuring order and tranquility in the local casinos. However, their range of action was limited only to prevent access to local citizens who would like to bet in these casinos. From now on, the casinos of Nepal incorporate a variety of standards that already govern in the best casinos worldwide.

“We plan to carry out specific regulations for health centers and spas, as in recent years these sectors have also emerged as strong industries. Once we find these regulations shall be implemented to the analysis and study of possible changes in other areas such as tourism agencies, the hospitality industry and travel in general, “said Bhattarai.

Currently 10 casinos operating in Nepal (Kathmandu and Pokhara distributed). Each casino pays the government a sum of 20 million rupees in taxes.

Pinnacle casino operation in Argentina

admin — Fri, 16 Jul 2010 18:02:13 +0000

The U.S. origin company Pinnacle Entertainment operates casinos in Louisiana, Missouri and Nevada. The newest casino opened by the company in March of this year, was the River City, located south of St. Louis County, Missouri.

In the coming months, this company will develop its new casino project in Baton Rouge, Louisiana. However, Pinnacle’s casino operations are not limited to American lands.

A few months ago the company had made known that he was interested in selling part of its assets in Argentine territory. Pinnacle Entertainment was how he sold most of the casinos operating in the Patagonian region of Argentina.

The sale, consisting of a sizable casino and several small casinos, had as guests to a consortium of Argentine investors. Among all invested a total of $ 40 million to take ownership of the gambling houses of Pinnacle in Argentina.

On the transaction carried out in recent weeks Anthony Sanfilippo, president and CEO of Pinnacle Entertainment, made the following comments:

“Our investments in Argentina were among the most profitable for our shareholders. Looking ahead, we anticipate that our company will benefit from the interesting initiatives that develop in the region. For now, however, we prefer to emphasize our local industry. For us, the achievement of excellence in the properties we operate in the United States, ensuring stable long-term benefits, is one of the objectives that guide our efforts. “

Lucien Barriere casino Sale

admin — Wed, 14 Jul 2010 17:46:55 +0000

The company operates casinos just give Lucien Barriere announced that Accor SA, a company that has 49% of its shares, would sell its share of interest in the company through a series of disagreements on business plans.

Lucien Barriere is a French company in charge of the family Desseigne. Accor’s interests in this company, as stated by Gilles Pelisson, chief executive of the company, totaling the $ 630 million.

“I do not predict a great future growth for the company Lucien Barriere,” said Simon Larkin, a financial analyst at Nomura International. “The way the company managed to convince the international financial market on future projects will depend on the ease or difficulty to find it for sale to their interests during the coming weeks.”

Lucien Barriere currently operates 37 casinos and 14 luxury hotels. According to the latest company reports in the last annual period that ended in October 2009 the company raised earnings by an amount equivalent to $ 1.07 billion.

Accor officials, meanwhile, said that over the coming months will focus on the opportunities they have in the hotel industry in different European countries. Many financial analysts have commented on the advantages for a company to remain flexible in circumstances of economic adversity.

After the announcement made by Lucien Barriere Accor shares rose 2.7% to reach € 23.39 according to the Paris foreign exchange market. In so far this year the company’s stock suffered a fall and comes to 5.9%.

Casinos and gambling in Russia

admin — Wed, 14 Jul 2010 17:42:40 +0000

During 2009 many of Russia’s casinos had to close its facilities following a series of complaints and demands driven by different sectors. The high rollers betting in that country, however, found new ways to invest their money in casinos.

Already met almost a year since Russia closed all casinos with the exception of four, located in Kaliningrad, southern Siberia, Primorye and the Azov Sea coast. Neighboring states, in this instance, projected earnings that could be reached from expanding their own markets.

The truth is that, against all expectations, the casinos that benefited most from the closure of complex bets in Russia were those of Monaco and Las Vegas. In fact, Russia’s casinos bettors chose these cities to Minsk, Riga and Yerevan, casino destinations much closer but do not have the celebrity of the casinos of Las Vegas.

In Belarus, on the other hand, local authorities carried out aggressive plans to exploit the fact that Russia no longer allow the casinos (at least most popular).

“For us the casino industry and gambling can be an excellent source of income and can generate numerous employment opportunities for local people,” said Alexander Lukashenko, President of Belarus.

“All the opportunities we see to develop the activities that were held in Russia will be considered in detail by all our officers,” said the president.

Mount Airy Casino Transportation

admin — Sun, 11 Jul 2010 09:18:16 +0000

The special event that means for the opening of its casino gaming tables should be exploited. In general, all casinos that decide to start offering a greater number of games in their establishments employ aggressive marketing strategies to deepen their impact in an increasingly competitive market. Such is the case of Mount Airy Casino.

A little less than a week since the introduction of its new array of table games, the Mount Airy Casino has decided to begin offering a shuttle bus service which will facilitate access for all gamblers located near the casino.

The service will be in charge of transporting passengers to the Mount Airy Casino will be offered by the company COLTS (County of Lachawanna abbreviation Transit System). COLTS service will operate three times a day Monday through Friday.

The gamblers who wish to use this simple transport system for casino players only have to pay $ 5. Players seniors and retirees, on the other hand, can travel for free.

COLTS service, which has just added stops at the Mount Airy Casino, for several years provided a similar service for players who wish to reach from the Mohegan Sun Pocono.

From now on players who take this bus will have the opportunity to have another option for investing your money on the table games and slot machines of any of these two casinos.

Black Gaming Reorganization commercial

admin — Sun, 11 Jul 2010 09:04:33 +0000

In recent days it has been reported that the business reorganization plan for Black Gaming, operator of casinos as the Mesquite, just approved by Judge Bruce Markell.

One of the reasons that led to bankruptcy Black Gaming was also severe recession that hit in the casinos of Las Vegas. The company, thus, was unable to pay the $ 253.4 million adeudaos to various commercial entities.

“We are really satisfied with the decision taken by the court, which clarifies our way to deal with a debt restructuring efficiently,” said Robert R. Black, CEO of Black Gaming. “The plan allowed us to reduce our debt by more than $ 143 million to meet new economic periods with a more manageable capital structure.”

“Many companies and gambling casinos industry have been in our position on many occasions, and many of them managed to get ahead in a very short time. This is a team effort that ranges from the highest administrative positions to the employees of the casino floor, the dealers and croupiers. ”

Under the terms of the new agreement made by Black Gaming, the company is committed to providing various types of compensation to the companies that owed money in the form of stocks and shares in the profits of the company to avoid having to embark on new loans and debt indefinitely, which would end up sinking the company.

New system in Casino di Venezia

admin — Sat, 10 Jul 2010 08:50:15 +0000

International Game Technology, one of the leading companies in the market for supplies, accessories and new technology to casinos, has announced that the Casino di Venezia has applied its unique SBX.

Installation with your order number 13 worldwide, the SBX system continues to position itself solidly in the casino market in almost all continents.

“After operating for years with IGT Casinolink system, Casino di Venezia finally decided on the implementation of the new SBX management system, allowing them to streamline all decisions and transactions executed on its different floors,” said Ali Civile, director IGT sales for Europe.

“The directors of the Casino di Venezia clearly expressed his enthusiasm for the exciting benefits available to the SBX system and expressed satisfaction with the smooth transition can be made between this system and the last.”

The Casino di Venezia already has 100 machines IGT AVP. In each of them offered one to six different games. From now on, thanks to the implementation of this complex system SBX can add or modify the characteristics of the entertainments that run on every machine AVP.

Furthermore, the Casino di Venezia has always been interested in taking full advantage of the benefits they can offer machines AVP, as multi-play ability and the ability to adapt quickly to changing needs and requirements of gamblers who frequenting their premises.