Megabucks Myth Affects Casino Opening.

Author: Chris  //  Category: Casino Games

Many times an urban myth can change the course of an entire day. Such was the case with a myth that began in 1989 as a 76 year old man cracks the jackpot on opening day. on November 22, 1989, Elmer Sherwin played the Megabucks casino game and hit a jackpot of $4.6 million dollars. This win of course changed Elmer’s life, but it also changed the way that casino grand opening to respond to jackpot winnings on the first day.

Elmer won his money at the Mirage on its opening day, and therefore everyone expects that there is a great myth about playing the Megabucks on opening day and hitting a large sum jackpot. This however is not the case with every casino opening. This particular casino game operates as all others do under regulations which caused the machine to randomly generate symbols on a day-to-day basis. These machines by law are not able to be programmed to hit at any specific time or on any specific day. According to Boris Hallerbach, product manager for Megajackpots, there are over 761 slot machines contained within 156 Nevada casinos. All of these machines had the exact same odds of winning as they are all hooked into one central network.

Although this information is out there to the gambling public that there is no secret about winning this jackpot, it did not stop the believers from attending the Excalibur Day after day for the first weekend with the hopes that the Megabucks jackpot would pay off. In fact, there is a whole crowd of believers have spent the past 20 years devoting your life to opening day play at the casinos. Some of the famous casino openings that did not pay out included the MGM Grand Casino, Mandalay Bay, the Venetian, the Bellagio, and Wynn Las Vegas. although no one has ever won again on an opening day playing this casino game, Sherwin did return to his game where 16 years later he hit it once again for $21.1 million.

Royal Vegas Casino Offers Safety in Banking.

Author: Chris  //  Category: Online Casino News

Safety and security are one of the top parties for online casino gambling is that provide banking transactions throughout the world. Many online gambling companies are launching press releases to alert the public that they are taking forward steps in order to increase the amount of security that they provide in all banking transactions. The stiff competition between the online competitors causes them to showcase their security and their transactions and try to out promote each other. This is an amazing opportunity for the online gambler as they have all the information in front of them to help them decide on a secure online casino with it will feel comfortable depositing their money and withdrawing it when needed.

Royal Vegas online Casino has recently announced that they have stepped up their game for online banking transactions. UseMyBank will now be one of the top banking transaction features offered by this casino to provide an efficient method for withdrawals and deposits. This new feature will allow online players who have an existing online bank account to process their own purchases to the casinos or any other online payments.

One of the benefits of this online company is that the players do not need to have any registered requirements and all of their payments are guaranteed. Another benefit to using this type of transaction method is that it is used throughout the world in many different countries and in different languages. The ability to offer this online casinos shows consistent service throughout the world.

Other factors that play a role in these online banking transactions are the ability to have real-time transactions tracked, therefore S. online gambling players participate in the casinos they are able to easily track their purchases and receive their credits in real time. The transactions immediately are processed through the online players bank accounts in a safe and secure manner.

Gambling bankruptcies are on the Decline.

Author: Chris  //  Category: Casino Games

It’s a sad day when the market is starting to rejoice as the number of bankruptcy filings decreases. During the prosperous times, filing for bankruptcy with something out of the ordinary but in this current state of the market is starting to become more commonplace than one would hope. This is been a very difficult year for the hotel and casino industry as the economy continues to beat down the tourists. November however has been a very productive month throughout the casino industry. Flights to Las Vegas were up, and now the number of bankruptcies that have been filed have gone down.in fact, November showed the lowest number of bankruptcies filed for by businesses since February of 2009.

At this time it is still difficult to tell whether or not this slowing down a bankruptcies filed, especially in the casino industry will amount to any future progress. One month’s worth of data collection is not enough to determine whether or not the gambling industry is actually on the upswing.

Overall, the year on year numbers from November of 2008 through November of 2009 and showed an increase in bankruptcy filings of nearly 38.4%. Many other businesses have been affected by the casino and gambling industry has also taken a huge toll on the number of filings. Many casinos have begun restructuring and streamlining their companies as well as selling off shares of their loans which will eventually turn into debt in the next few years. The hope is that these companies will be able to escape the horrible recession and regain momentum once the economy picks back up. This year there have been nearly 400 Chapter 11 filings in which companies have tried to reorganize and streamline to make it through the difficult times. Station casinos is one of the companies that comes to mind when dealing with Chapter 11 bankruptcy. This gambling company has struggled throughout the year to find new investors in a better way to restructure the company.

Two Vegas Casinos Open New Towers Part II

Author: Chris  //  Category: Las Vegas Casinos

Now that the casino and hotel resorts have expanded their extra tower gambling tourists will be able to enjoy the many new features that they offer. The Planet Hollywood tower will spend nearly 52 stories tall in the marketing towards travelers that have a need to stay in Las Vegas for an extended period of time. This towel exclusively catered towards the extended stay convention guests rather than the weekend gambling tourists. The view of this tower is to provide rooms that are completely self-sufficient by providing a full kitchen, washer and dryer as well as top-of-the-line electronics. These types of rooms will provide a timeshare type of experience for all the tourists on extended stays. According to the Planet Hollywood Casino and resort president, Bill Feather, “The tower is for the upscale customer who wants to enjoy an all-suite product.”

The idea for this resort came about when a timeshare company, Westgate and Planet Hollywood casinos and hotels combined forces in order to create a 200 occupancy luxury room. The remaining rooms in the hotel and casino will be available for all gambling tourists as well as weekend warriors who need a hotel room to stay. Already, 20 people have used their timeshares with in this month of December before the official grand opening. the top floor of this Planet Hollywood Hotel and Casino Tower will consist of 16 condominium units starting from 6000 ft.² all the way to 18,000 ft.². With the addition of this new tower, Planet Hollywood now has an occupancy rate of 3697 for all gambling tourists.

The hard rock Hotel and Casino Tower has been incorporated in the $750 million expansion through the company and is expected to open in April. This tower will consist of 374 rooms along with seven Penthouse suites. Included in the many amenities of this tower will be a spa, a new parking garage and a 40,000 ft.² casino space. If gambling is not your forte there is also a nightclub to help entertain the guests.

Two Vegas Casinos Open New Towers Part I

Author: Chris  //  Category: Las Vegas Casinos

The hard rock Hotel and Casino as well as the Planet Hollywood Hotel and Casino are continuing to expand even through the difficult recession. These hotels are trying to maintain their customer base and draw in new customers all the while trying to streamline their casinos. Are the reason for this newly created expansion was due to the opening of a new megaplex hotel and casino resort, The CityCenter.

The CityCenter as added nearly 5000 more rooms to the Las Vegas skyline providing any more opportunities for gambling tourists to choose which resort they will stay. Now, the hard rock Casino and Hotel and Planet Hollywood Casino and Hotel and expanded one hour each which will add another 1575 rooms to the market. Within the past couple of years the recession has affected these companies and there has been an overabundance of rooms in comparison with the number of gambling tourists that are traveling to Las Vegas. The struggle will now continue as nearly 7000 more rooms have been added to the Las Vegas skyline.

The addition of these new rooms will now add more competition between the companies and cause them to lower their roommates and offer Casino incentives in order to draw in the gambling public. As of right now, the two hotel and casino companies are banking that these new towers will add to their future growth and provide new opportunities for gambling tourists on the Las Vegas strip. The only issue that will pop up with these companies is lowering their rates below the level that they are able to make a profit. These companies have been in the Hotel and Casino business for a long time so they feel they are justified in creating these new towers, however many of their competitors are already closing their doors due to the low occupancy rate caused by the slowing economy.

Vegas Gambling Tourists Return to the Air.

Author: Chris  //  Category: Online Casino News

The economy has struck the gambling industry in a major way, and now the Las Vegas Strip is anxiously awaiting the arrival of the tourists. Throughout this year, there has been a decrease in-flight as well as the entire tourism industry. For over 21 months the Las Vegas strip hotels and casinos have been suffering as tourists have been lacking the funds to make the trip to Las Vegas. November hopes to set the trend by starting a small incline on the number of flyers that are traveling to Las Vegas casinos.

November showed 3,234,705 passengers arriving into McCarran international Airport in Las Vegas which was an increase of .1% the previous year. This was the only month of this past year that showed any sort of increase in gambling tourists. Although the results were just a small increment, the hoaxes that this would start a trend for the future and boost tourism once again in gambling city of Las Vegas.

The airlines are also excited about this increase has five of the top airline carriers increased their flying counts throughout the month of November. Southwest airlines brought about 9.3% more gambling tourists to Las Vegas and American airlines also increase the numbers by 5.4%. Although these numbers are exciting for the airline in gambling industry, the overall numbers are still down 8.7% from last year.

The gambling and airline industry are well aware that this is just a one-month ordeal and they should not be too excited since all predictions for the upcoming year for casinos and hotels have been down. Part of the increase in tourism throughout the gambling casino industry is due to Las Vegas this constant need the market their product as many individuals as they can reach. By creating great advertising techniques, the Las Vegas strip has been able to draw and gambling tourists for many years and continues to fight the downturn economy.

Globet Casino Offers Freeroll to Affiliates.

Author: Chris  //  Category: Casino Games

Globet is starting out the year right by offering their affiliates new promotions at their casino. In order to participate you must sign up as an affiliate and then you have the ability to play the casino games and take a chance at win large jackpots as well as other prizes. Included in this promotion is the opportunity to win €500 that is part of a freeroll awarded to the affiliates. The promotion will begin in February and promises to be exciting for all that enter.

The start ate of the online casino promotion will begin on February 11th and doesn’t require the affiliates to pass through any qualifier rounds in order to be able to compete for the online prizes. Other bonus will be available to the online affiliates, as well as a 50% bonus for those first time affiliates as an incentive to draw in more online players. According to Diego Di Giorno of Globet, “It is very important that our affiliates feel that they are appreciated.”

The Globet online casino site has many games to offer. Besides the traditional casino games, they also offer sports gambling, live betting, live casino action and poker. One of the exciting options that online players can access through Globet is the opportunity to create their own games and tournaments. In keeping with the times they also offers the online games through download as well as the popular flash versions.

Globet will be providing online players with satellite tournaments that will give the winners a chance to compete in the Irish Open. This is one of Europe’s largest gambling events and is highly competitive amongst online gamblers. The competition will take place in Dublin, Ireland where players will come from all over Europe to compete. It is the second largest poker tournament after the World Series of Poker.

Las Vegas Casinos Clearing Legal Hurdle

Author: Chris  //  Category: Casino Games

Harrah’s Entertainment may soon reach a conclusion in their legal dealings regarding the safety of their Las Vegas hotel and casino properties. The casino empire has been under heavy scrutiny for the past two years after a former hotel electrician brought his suspicions to a Las Vegas news paper. Since then Harrah’s Entertainment has been going through Clark County courts and independent contractor inspections, in hopes of mending the issue and gaining the proper occupancy permits. This comes after several areas of their properties have gone through renovations and remodeling.

Harrah’s Entertainment breathed a great sigh of relief earlier this month when a Clark County judge dismissed six violation of building code misdemeanor counts. These included, but were not limited to, failing to acquire permits and schedule safety inspections at Harrah’s flagship, strip hotel and casino and their off-strip property, Rio. Clark County District Attorney, David Roger, and Harrah’s Entertainment counsel, Richard Bryan, jointly asked for the dismissal from Judge Eric Goodman after the release of a report issued from Leo A. Daly. Daly, an engineering and design firm, was hired by Harrah’s to perform the extensive inspection and audit of the Harrah’s properties.

The Daly Audit, as it is being called, was commissioned by Harrah’s Entertainment after the court deemed an independent study necessary. The court selected the firm, and held the contract. They sampled remodeling work at eight of Harrah’s Properties. They were looking for compliance with building and safety codes. They seemed to be fairly satisfied. They rejected the theory of “apparent, or underlying, large scale conspiracy effort to neglect” the governing process of design, safe construction and proper maintenance. The audit, however, does site some unsatisfactory construction work and failed follow through after Harrah’s was made aware of some infractions.
Hopefully, this turbulent time for the Harrah’s hotel and casino properties is coming to a close. Repairs are being made while the properties are being operated under temporary permits. Pending a final examination and issue of more permanent permit, Harrah’s should be out of the courts and back into normal business.

Norway Basically Bans Online Gambling

Author: Chris  //  Category: Online Casino News

The subject of online gambling is a controversial one at best. It is debated in government houses all over the world. Much like land based casinos and gambling houses, it has many pros and cons that have been at the heart of the issue since the first bet was made. Online gambling, though, seems to have more gray area and controversy surrounding it. It is accessible to almost everyone and virtually impossible to police. The online gambling market is also a rich hunting ground for those who prey on identity theft. It is also a vice compulsive and gambling addicts can easily fall into.

Some nations have set up complex laws, regulations and guidelines for licensing and regulating online gambling operations. The goal of these regulations is to help protect the consumers, curb problem gambling, and keep criminals and underage users off the sites. In some nations it is only legal to use online gambling sites controlled by the state government. In nations such as the United States online gambling is completely prohibited.

The Scandinavian country of Norway is also passing laws that make online gambling virtually illegal. Norway is one of the countries that support a state held monopoly on gambling. The Norwegian monopolies, Norsk Tipping and Norsk, Rikstoto are allowed to permit players to participate in land based gambling activities over the internet. However, they are creating strong laws that would keep Norwegian players from using sites licensed outside of the country. One of the major ways they are enacting these laws is by not allowing payments to be made to offshore online gambling sites. The prohibition is enforced through credit card companies, financial institutions and other means that process online payments. This is very similar to the system used in the United States.

The Norsk government feels that its population is a major market group for the online gambling industry. Most of its citizens have internet access and are savvy with its complexities. They are hoping these laws will help keep Norwegians safe from the perils and pitfalls of unregulated online gambling.

Casino Executive Resigns after CityCenter Opening

Author: Chris  //  Category: Las Vegas Casinos

By now everyone has heard of CityCenter. It has been one of the most anticipated grand openings in recent Las Vegas history. It has had all the makings of an epic Hollywood film. There was its “Hey, I got an idea that will revolutionize this city” birth, a big planning stage, tough times through a sagging economy, a dispute between ownership partners which nearly comes to a lawsuit and the death of the project, construction, completion, and, finally, a grand opening. It has its heros like Jim Murren the Chief Executive Officer of the MGM Mirage Resort and Casino group who carries everything in a backpack, and the 92 year old shareholder who is the guiding light.

There has been a new development in the CityCenter saga. It may not be as tasty as some others, but it is significant none the less. Gary Jocobs has resigned from the casino group. The resignation took effect just before Christmas. Mr. Jacobs positions at MGM Mirage were President of Corporate Strategy, General Counsel and Secretary, and a member of the Board of Directors. The filing has been sent through the Securities and Exchange Commission. No reason was made apparent at the time of the filing, and MGM Mirage officials are not elaborating.

Gary Jacobs had been with the casino giant for close to nine years, having been hired there in 2000 after being a senior partner with a Los Angles law firm. He is considered to be one of the key figures in keeping MGM Mirage’s dream of CityCenter afloat when the tough times hit the project and a lawsuit with partner, Dubai World, seemed eminent. Saving the CityCenter project was essential from keeping the entire MGM Mirage operation for filing for bankruptcy. Jacobs comment on that period of time as, “…like going down a river, but you would hit one set of rapids, then you hit another set of rapids, and another and then another one.” To the outsider, the reasons behind the resignation are mysterious at best. All that can be certain is Gary Jacobs did his part in saving the future for CityCenter and the MGM Mirage casino empire.

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