Will Aussies Ban Pokies? New Legal Challenge is Putting Money on It

Will Aussies Ban Pokies? New Legal Challenge is Putting Money on It

A new lawsuit will seek to determine that the slots industry in Australia is in breach of consumer law because they’re deceptive and encourage addiction.

Australian poker machines (‘pokies’), or slots, since they are known in the US, are an industry that is multi-billion-dollar. Did you understand, for example, that there are five times more slot machines per capita in Australia than in America? Or that throughout the last year, growth in gambling has outpaced the growth of the Australian economy by 100 percent.

Politicians, anti-gambling groups, spiritual organizations, etc., are profoundly concerned about whatever they see as a gambling epidemic in the united states. And perhaps they should be.

Aussies spend more per head on gambling than any other country in the world, studies show; an extraordinary $1,179 in 2011-12. That’s above twice as is gambled per capita in america and three times just as much as within the UK.

Nearly all of this goes on pokies. Australians lose around $11 billion yearly on the machines, which constitutes very nearly two-thirds of the country’s gambling yield. And curiously, while gambling spend is up these full days, the proportion of the populace actually engaging in gambling has dropped over the final 15 years, from 80 percent in 2000, to 68 percent in 2014.

Machines are Deceitful

With figures modified for inflation, and assuming these statistics are proper, which stat Читать далее «Will Aussies Ban Pokies? New Legal Challenge is Putting Money on It»

Macau Casino Stocks Plunge with VIPJunket Ops in Beijing’s Anti-Corruption Crosshairs

Macau Casino Stocks Plunge with VIPJunket Ops in Beijing’s Anti-Corruption Crosshairs

Investors folded on Macau casino shares after Suncity Group, the location’s VIP junket company that is biggest, reportedly warned its employees to take additional caution when moving money to your Chinese enclave where gaming is permitted.

Billionaire Steve Wynn was one of several casino magnates who lost money on Monday, as Macau casino stocks dipped on continued uncertainty about the ongoing future of VIP junket operators. (Image: Vincent Yu/Associated Press)

Wynn Macau, traded on the Hong Kong Stock Exchange, destroyed nearly five % of its share price regarding the news. Galaxy Entertainment was down more than three percent, and MGM China, Sands China, and SJM Holdings all saw their valuations dip by at least two per cent.

According to Barron’s, a newspaper that is financial investors are fleeing on issues that China’s anti-corruption campaign is soon to target VIP junket operations, for years a critical part of drawing high-stakes players to various Chinese casinos. President Xi Jinping has been trying to stop the movement of money from the mainland to Macau, a former Portuguese territory that is today a tax haven where casinos routinely appeal to the elite that is asian.

‘Investors are worried that the Suncity warning could preclude another crackdown on the industry,’ Barron’s columnist Daniel Shane penned.

Suncity Group warned employees recently to take extra precautions when money th Читать далее «Macau Casino Stocks Plunge with VIPJunket Ops in Beijing’s Anti-Corruption Crosshairs»

New ID Requests at WSOP Cause Mixup for International Players

New ID Requests at WSOP Cause Mixup for International Players

A passport may well not be sufficient to validate your target, but it shall be sufficient to play in the WSOP. (Image: EatLoveSavor.com)

This summer and you’re visiting from outside the United States, you’ll want to bring a second form of identification to prove your current address if you plan on playing in the World Series of Poker. Exactly why this is the case and essential it really is that you have this 2nd form of ID has been the subject of a lot of worry and confusion for players over the past few days.

The story started final week, according to, of most things, a tweet through the WSOP’s official account. It merely reported that non-US WSOP players would ‘want a second form of id besides passport to reg for events. Need ID proving your residency/current target.’

Panic Among International Players

That request straight away caught the attention of poker players around the world, who had expected their passports to be sufficient to obtain them into their desired tournaments. Players had been especially upset at the timing regarding the announcement: many had already left their house countries to travel to Las vegas, nevada, meaning there was effortlessly no solution to get a utility bill or any other form of proof that would have their house address on it.

‘It’s not the planet Series of Poker who has placed this rule in place, this is element of a law that is federal process the government of the United Читать далее «New ID Requests at WSOP Cause Mixup for International Players»

Nevada State Gaming Revenue Up As Nevada Recovery Continues

Nevada State Gaming Revenue Up As Nevada Recovery Continues

The Las Vegas Strip enjoyed a revenue that is healthy in March. (Image: Wikipedia.org/Lasvegaslover)

Signs that Las Vegas continues on the path to monetary data recovery, as the Nevada Gaming Control Board announced that statewide income had increased 7.6 percent, to $982.2 million, through the month of March, and by 10.9 percent regarding the Strip, to $560.7 million.

The numbers reverse a two-month decrease in video gaming revenue thus far in 2014, with table games, and baccarat in specific, yielding a turnover that is robust. Year-over-year, baccarat revenue increased by 39.9 percent in March, while craps revenue grew by 36 percent, and blackjack up by 6.1 percent.

Slot device turnover, meanwhile, was up 3.8 percent, showing an increase for the third month in a row. Baccarat, a high roller game which analysts believe had been instrumental in keeping the casinos afloat in the wake of the financial crisis, grew to $101.8 million in income, with the cards favoring the home 4 % more than they did year that is last. However, even without baccarat, statewide profits would still be up 4.8 percent throughout the board.

Brand New Demographic

The figures show signs that customers are spending and gambling once again, although additionally they suggest a brand new Vegas that is affluent demographic emerging one which spends money on table gaming, nightlife, restaurants and attractions, rather than funneling money Читать далее «Nevada State Gaming Revenue Up As Nevada Recovery Continues»

Betfair Brand New Jersey Ad Campaign Launched Before Actual Licensing

Betfair Brand New Jersey Ad Campaign Launched Before Actual Licensing

Although nevertheless waiting for approvals that are official Betfair is down and running with its New Jersey online gaming ad campaign.

Whether on the Internet or on TV, the dilemma of advertising is always a delicate balance of market inundation with turning that same audience off having a little too much drumming, and Betfair the UK gaming site that is still theoretically awaiting licensing approval in the Garden State will be dancing that dance as they unfurl their ‘LetsPlayNJ.com’ and ‘BetfairNJ.com’ for-now-free-money U.S. sites and pump their advertising up of same in anticipation of receiving stated permit, apparently, before their state says ‘Let’s get’ on November 26 with legal on-line casino gaming.

Gathering On Line Client Base

Offering a taxicab yellowish website on the two identical pages, we’re perhaps not sure the decision of a airplane headed down in exactly what seems to be a nosedive as you just take their rather sophomoric three-question ‘quiz’ was their most suitable choice of graphics for a U.S. audience. But regardless, this is their ploy to get potential players engaged in advance of their real money launch in New Jersey right around Thanksgiving time; all you have to do is leave your email and zip code for them to help keep you up to speed on what is happening. And since anyone can play who is actually within New Jersey state limits when they log on if they actually reside Читать далее «Betfair Brand New Jersey Ad Campaign Launched Before Actual Licensing»

New Jersey to Take Control Atlantic City’s Finances, Governor Chris Christie Claims It’s a Five-Year Plan

New Jer <a href="http://ruservice.es/new-jersey-to-take-control-atlantic-city-s-89/#more-7362" class="more-link">Читать далее<span class="screen-reader-text"> «New Jersey to Take Control Atlantic City’s Finances, Governor Chris Christie Claims It’s a Five-Year Plan»</span></a>

New Jersey to Take Control Atlantic City’s Finances, Governor Chris Christie Says It’s a Five-Year Plan

New Jer <a href="http://ruservice.es/new-jersey-to-take-control-atlantic-city-s-92/#more-7360" class="more-link">Читать далее<span class="screen-reader-text"> «New Jersey to Take Control Atlantic City’s Finances, Governor Chris Christie Says It’s a Five-Year Plan»</span></a>

Elvis Presley Estate Sues Former Overseas Hotel Over Memorabilia Dispute

Elvis Presley Estate Sues Former Overseas Hotel Over Memorabilia Dispute

Elvis Presley performing at the then-International Hotel, now the Westgate, right back in 1969. His estate is currently suing the casino to save priceless memorabilia, which it says is being held hostage in a appropriate dispute.

The Elvis Presley estate is suing the former Global Hotel, now the Westgate, a hotel that is off-strip casino in which the famous performer played 100s of sold out programs, which it claims is keeping many for the King’s treasured personal belongings hostage.

While Elvis was historically renowned for summarily ‘leaving the building’ after nonstop applause and calls for encores back in his performance days, his memorabilia is currently very much stuck inside the building at the Westgate.

In what might be called a ‘Heartbreak Hotel’ moment, the estate filed a lawsuit Monday in Clark County District Court in a bid to recover the valuable artifacts lent to the Westgate casino a year ago.

These include many of Elvis’ original stage outfits, their famously ostentatious jewelry, and some letters, as well whilst the TV remote from their Graceland mansion. These items all were the main much-feted, yet ill-fated, ‘Graceland Presents Elvis’ attraction, launched during the Westgate final April.

Viva Las Vegas

The Westgate may not be the best-known of Las Vegas’ casino resorts these days, nonetheless it includes a history that is big Sin City.

Built by Las Vegas pioneer Kirk Kerkorian as the Читать далее «Elvis Presley Estate Sues Former Overseas Hotel Over Memorabilia Dispute»