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Vegas casino boss takes over Echo Entertainment - 12th December 2012 Bwin.Party
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Casino
Executive Based In Las Vegas Not A Fan Of Online Gambling; Competitor Is Pro Online
Casino - Poker, by Greg Tingle - 8th December 2011
World's Richest Casino Exec
Not So Keen On Online Casinos, Poker..., by Greg Tingle
You may not of heard of this cashed up gambling and property tycoon, but he's
happy to share his thoughts on online gambling, especially when it comes to his
U.S turf. No, it's not Donald Trump, Steve Wynn or even Richard Branson. Meet
Sheldon Adelson.
Adelson
is by all accounts the world's wealthiest casino executive and top dog of the
industry's largest publicly traded company, says he is against online gambling
because he doesn't believe available technology is good enough at the moment to
prevent young people from making wagers on the Internet, a spokesman said Wednesday. Adelson's
sharing his personal viewpoint is just that - personal - rather than a formal
stance taken by his firm that owns and operates casino-resorts in Las Vegas, Macau,
Singapore and Bethlehem, Pa., Las Vegas Sands spokesman Ron Reese said. Reese
advised Adelson hasn't spoken with the company's board about his position, nor
has the board decided an online gambling plan. "It's
a personal observation of concerns about technology," Reese said. The
opposition comes at a time when numerous other operators, including Caesars Entertainment
Corp and MGM Resorts International, have backed an industry push to legalize online
poker and let established land based casinos offer the service in the U.S. MGM
Resorts International even went as far as to ink a deal with world's leading igaming
firm Bwin.Party Digital Entertainment. Poker,
which involves a combination of skill and luck (as ruled in legal cases), now
huge on the internet (see World Poker Tour and World Series of Poker), has been
illegal online for real money since a 2006 law was brought in and ruled against
igaming operators from providing games by preventing financial institutions from
processing funds for the majority of online gaming. The
land based casino sector has swayed over the years from anti online gambling to
largely pro online gambling, of course, with them getting some of the financial
rewards. The bricks and mortars casinos have seen some of their punters go online
to bet, with the traditional casinos missing out of the action. It's unclear how
much revenue traditional casinos are down, thanks to online casinos, but a Media
Man spokesperson said "Online casinos have cost land based casinos in the
U.S and elsewhere, many millions, if not billions of dollars. Vegas and Atlantic
City land based casinos are down. People still like to bet and the internet serves
them well, be it for poker, casino, sports betting or slots". The
American Gaming Association, the leading U.S gaming lobby group, has switched
from a neutral stance to pro actively pursuing federal legislation that would
allow for legalization and regulation of online poker. Online poker could be a
lead in to online casino games. Frank
Fahrenkopf, CEO of the American Gaming Association, said he met with Adelson on
Monday and Adelson advised him he'll oppose legislation to legalize online poker
on U.S soil. "Sheldon
has long had concerns about this issue, and it is perfectly within his right to
make this decision," Fahrenkopf said in a statement. "However, the AGA,
at the direction of our board of directors, will continue to support federal legislation
to allow states to license and regulate online poker." The
online gambling industry is not seeking to legalize other games like blackjack,
craps and slots online. Those games are a different kind of animal because players
wager against the house. In poker, players wager against each other and operators
take a fee from each pot in exchange for hosting the game. Of course if online
poker becomes totally legal in the U.S, this may lead to online casino games also
becoming totally legal in the states. The
matter of online poker has heated up among players and casino executives in the
past 12 months. U.S. Senate Majority Leader last year pitched a blueprint to legalize
poker that fell short without legislation being introduced. Last April, three
of the largest online gaming operators who offered online poker in defiance of
the law had their websites seized and executives indicted by the U.S. Justice
Department, accused of financial crimes including fraud and money laundering for
disguising payments for gambling funds as transactions for things like flowers
and golf balls. The day it all went down, including sites going down et al, is
known in igaming circles as 'Black Friday'. After
the indictments, the estimated $6 billion U.S. online poker market dived overnight,
leaving many players unable to access funds in online poker bankrolls. Then,
with the "big three" poker websites closed out of the U.S, the American
Casino Association became more active in urging lawmakers to close loopholes and
draw up better regulations. One
thing is for certain. Online poker and online casino players are not going to
want to stop playing the games they love. Players are mainly sticking to brands
they know and trust with some of the leading contenders being PartyPoker.com PartyCasino.com
PKR.com World Poker Tour and the World Series of Poker. Australian
casino mogul James Packer's Crown Casino has the 'Aussie Millions Poker Championship'
coming up in Melbourne this January and providers such as PartyPoker.com are even
offering qualifying poker matches, where players get to 'Win a seat to Aussie
Millions'. Bwin.Party's World Poker Tour is also broadcast of American and Australian
pay television, which online helps fuel the popularity of online gambling. Fahrenkopf
advised his casino association wants federal legislation that allows U.S states
to decide whether to offer poker to its residents, keeps youngsters from gambling
online and lets law enforcement shut down illegal operators. If
you enjoy a punt, please bet with your head, not over it, and have fun.
News
Donald
Trump says US should legalize Internet betting, by Greg Tingle Donald
Trump has witnessed lots of money side slipping him, and he's hoping that situation
changes soon. The
real estate, gaming and entertainment tsar, and founder of an Atlantic City casino
company says the US should legalize internet gambling. The company that bears
his name, Trump Entertainment Resorts, is moving forward with plans to establish
an online betting venture... just as soon as it is legal to do so. The
company says it wants to get in on the ground floor of the internet gambling industry,
and is close to selecting a joint venture partner to run an online gambling operation.
The idea is to be well-placed and ready to go as soon as such activity is legalized
in the United States. "It
should be approved here," Trump told news media. "An awful lot of money
is leaving the U.S. that should and could stay in this country." Trump
Entertainment, which includes Donald Trump and daughter, Ivanka, and the Avenue
Capital hedge fund, would own 10% of the new business venture. Donald
Trump advised the key to success in the online gambling market is having the best
brand. "We
think we have the hottest brand there is, the Trump brand, my personal brand,"
he said. "We think it's going to do phenomenally well." In
a filing with the Securities and Exchange Commission, Trump Entertainment said
it has "determined that such a joint venture represents the most advantageous
way for the company to participate in opportunities in online gaming at minimal
cost to the company." No
cost estimates were given, and Robert Griffin, the company's CEO, declined to
comment Thursday. But in March, after Gov. Chris Christie vetoed a bill passed
by New Jersey lawmakers that would have allowed Internet betting solely within
New Jersey's borders, Griffin said the money lost to offshore operators should
benefit New Jersey. The
new law would seen New Jersey become the first state in the nation to allow Internet
betting. "Currently,
millions of Americans engage in online gaming with illegal offshore operators,
and do so with no oversight, no regulation or no consumer protections," Griffin
said at the time. "It makes sense for the state of New Jersey to regulate
this activity, enforce strict standards to ensure games are fair and safe, and
in turn be able to collect tax revenue instead of having those dollars and the
jobs they support leaving New Jersey and going illegally overseas." Christie
advised he vetoed the law fearing it was unconstitutional and could lead to an
explosion of betting parlors throughout the state. By law, gambling in New Jersey
is restricted to gaming hotspot Atlantic City. But
a New Jersey lawmaker is asserting that individual states in fact have the legal
right to offer in-state Internet gambling within their own borders. State
Sen. Raymond Lesniak, D-Union, wrote in July to U.S. Attorney General Eric Holder
asserting that New Jersey and all other states can legally offer online betting
within their borders. Lesniak
said he will introduce legislation in November to address the prime concerns expressed
by Christie. The
filing said the company, Donald and Ivanka Trump, and Avenue Capital have signed
an agreement authorizing the joint venture once it becomes legal, and that prohibits
any of them from seeking other online gambling ventures through May 2012. Atlantic
City is in the midst of a nearly 5-year revenue slump brought on by increasing
competition from casinos in neighboring states, and worsened by the continuing
unsteady economy. It's also speculated that many AC businesses have not adapted
well to the internet medium. Just
a few online gaming companies that are understood to be interested in coming to
business terms with Trump include Bwin.Party Digital Entertainment, Richard Branson's
Virgin Games and PKR. Most experts see Bwin.Party as the best bet, as they don't
have any outstanding issues with the US Department of Justice, and have been playing
by the rules (law) for many years, while other gambling companies continue to
go after U.S players. Internet
gambling is legal in many countries, with the U.S being a glaring exception. Media
Man is following up.
News IGT
Goes 'All In' With Texas Hold'em Heads Up Poker(TM) at World Series of Poker Poker
Game's Mathematical Model Simulates the Operation of the Human Brain to Give Players
Authentic Experience LAS
VEGAS, Nov. 3, 2011 - The over 150 million Texas Hold'em fans around the world
will be hootin' and hollerin' at no longer having to wait in long lines to play
the tables or lasso up a willing opponent with the debut of Texas Hold'em Heads
Up Poker(TM) from International Game Technology (NYSE: IGT). Premiering at the
2011 World Series of Poker at the Rio in Las Vegas on Nov. 5-6, fans can now enjoy
everything they love about Texas Hold'em - the strategy, bluffing and tells -
in an interactive poker machine. IGT's
Texas Hold'em Heads Up Poker(TM) is the first poker game to use a neural net,
a technology-developed mathematical model that simulates the operation of the
human brain.
The advanced technology of Texas Hold'em Heads Up Poker(TM) recreates
engaging behavioral nuances such as opponent "bluffing" and "thinking"
in a scenario that's less intimidating than a live-table experience - making the
slot machine inviting to all levels of Texas Hold'em players. In
addition to the innovative technology, a number of other features will have casino-goers
strapping on their cowboy boots to test their skills against this highly individualized
game:
Striking graphics and player-customizable options - including fun touchscreen
good luck charms - will entertain and delight even the coolest poker players. The
Multi-Hit Stud Bonus game doubles the action and increases the player experience.
After the conclusion of a game, the "peek" feature gives the player
the choice to see the opponent's cards - even if a showdown did not take place
- giving the player insight as to how the opponent plays. At
this year's World Series of Poker, Texas Hold'em Heads Up Poker(TM)will be on
display for players, operators and media to try on Nov. 5-6. IGT brand ambassadors
will be handing out free play coupons from 4-6 p.m. on Saturday, Nov. 5, and from
10:30 a.m.-2:30 p.m. on Sunday, Nov. 6. "Designed
to bring all the thrills and high drama of live-action table Texas Hold'em to
the slot machine format, players will want to put on their shades and pull down
the brim of their hats to hide their tells when they saddle up to Texas Hold'em
Heads Up Poker," said Eric Tom, IGT executive vice president, North America
Sales and Global Operations. "This is a game that players of every level
can test their craftiest bluffing strategies and Texas Hold'em skills against." About
IGT
International Game Technology (NYSE: IGT) is a global leader in the design,
development and manufacture of gaming machines and systems products, as well as
online and mobile gaming solutions for regulated markets.
The
Palms, Las Vegas, Nevada. In addition to its over-the-top suites, the Palms
also offers a wide list of events in its nightclubs. Their 30 Seconds to Mars
NYE Package includes two nights in a Palms Deluxe room, two concert tickets and
four free drinks at any casino bar starting from $850.
Profile
Las
Vegas (often abbreviated to "Vegas")
is the most populous city in the state of Nevada, United States, the seat of Clark
County, and an internationally known vacation, shopping, entertainment, and gambling
destination. It was established in 1905 and officially became a city in 1911.
It is the largest U.S.
city founded in the 20th century. The
name Las Vegas is often applied to the unincorporated areas of Clark County that
surround the city, especially the resort areas on and near the Las
Vegas Strip. This 4½ mi (7.2 km) stretch of Las Vegas Boulevard is
mostly outside the Las Vegas city limits, in the unincorporated towns of Paradise
and Winchester. The
center of gambling in the United
States, Las Vegas is marketed as The Entertainment Capital of the World, also
commonly known as Sin City, due to the popularity of legalized gambling, availability
of alcoholic beverages at any time (as is true throughout Nevada), and various
forms and degrees of adult entertainment. The city's glamorous image has made
it a popular setting for films and television programs. Las
Vegas started as a stopover on the pioneer trails to the west and became a popular
railroad town in the early 1900s. It was a staging point for all the mines in
the surrounding area, especially those around the town of Bullfrog, that shipped
their goods out to the rest of the country. With the growth of the railroads,
Las Vegas became less important, but the completion of the nearby Hoover Dam resulted
in substantial growth in tourism, which, along with the legalization of gambling,
led to the advent of the casino-hotels for which Las Vegas is famous. The
city owes almost all its current status and reputation to the American mafia.
All of the original large casinos were managed or at least funded under mob figures
Bugsy Siegel and Meyer Lansky. The
constant stream of tourist dollars from the hotels and casinos was augmented by
a new source of federal money. This money came from the establishment of what
is now Nellis Air Force Base. The influx of military personnel and casino job-hunters
helped start a land building boom which still goes on today. Tourism
The major attractions
in Las Vegas are the hotels.
The most famous hotels line Las Vegas Boulevard South, also known as the Las
Vegas Strip. Many of these hotels carry thousands of rooms and are featured
on various themes. There are, of course, large casino areas in these hotels as
well. There are many hotel casinos in the city's downtown area as well, which
was the original focal point of the city's gaming industry in its early days.
Several large hotels and casinos are also located somewhat off the Strip but adjacent
to it, as well as in the county around the city. Some
of the most notable casinos located downtown are on the Fremont Street Experience
and include:
* Golden Nugget
* Four Queens
* Binion's
Gambling Hall and Hotel
* Fremont Casino
* Plaza Hotel & Casino
* Las Vegas Club
* Fitzgeralds Las Vegas
* Golden Gate Hotel and Casino
* California Hotel and Casino
Sports
Sports in Las Vegas Currently,
Las Vegas is without any major-league level sports teams although the city's metropolitan
population is as large or larger than current cities with professional sports
teams such as Buffalo, New York; San Antonio; Pittsburgh; Portland, Oregon; Indianapolis;
Milwaukee; and Green Bay, Wisconsin. The hurdle the city needs to overcome is
professional leagues being concerned about legalized sports betting in the city
and the competition for residents' entertainment budget. High profile one-time
sporting events, though, have had success. For example the Las Vegas metropolitan
area hosted the NBA 2007 All-Star Game. The NASCAR Sprint Cup series race in the
area has drawn up to 165,000 fans. Neither of these events have taken place directly
in Las Vegas city limits (although that is no different than most cities teams
that play in suburban areas). Economy The
primary drivers of the Las Vegas economy have been the confluence of tourism,
gaming, and conventions
which in turn feed the retail and dining industries. Several companies involved
in the manufacture of electronic gaming machines, such as slot
machines, are located in the Las Vegas area. In the 2000s retail and dining
have become attractions of their own. Tourism
marketing and promotion are handled by the Las Vegas Convention and Visitors Authority,
a county wide agency. Its annual Visitors Survey provides detailed information
on visitor numbers, spending patterns and resulting revenues Las
Vegas, as the county seat and home to the Lloyd D. George Federal District Courthouse,
draws numerous legal service industries providing bail, marriage, divorce, tax,
incorporation and other legal services. Many
technology companies have either relocated to Las Vegas or were created there.
For various reasons, the Las Vegas area has had a high concentration of technology
companies in electronic gaming and telecommunications industries. Some current
technology companies in southern Nevada include Bigelow Aerospace, CommPartners,
Datanamics, eVital Communications, Petroglyph, SkywireMedia, Switch Communications,
and WorldDoc. Companies that originally were formed in Las Vegas, but have since
sold or relocated include Westwood Studios (sold to Electronic Arts), Systems
Research & Development (Sold to IBM), Yellowpages.com (Sold to Bellsouth and
SBC), and MPower Communications. Constant
population growth means that the housing construction industry is vitally important.
In 2000 more than 21,000 new homes and 26,000 resale homes were purchased. In
early 2005 there were 20 residential development projects of more than 300 acres
(1.2 km²) each currently underway. (Credit:
Wikipedia). Profiles
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