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In most business cases, revenue is directly tied to the direction that company stock will go. In the gaming industry, however, an interesting trend has started in recent weeks of stock prices falling while revenue rises.

The economic recession of 2008 was the first economic crisis in history that affected the casino industry heavily. Casinos were once thought to be immune to the economic conditions of the country, but in 2008 gaming establishments all across the US proved that idea to be a farce.

Revenue has been declining for many months in a row in popular gaming cities such as Las Vegas and Atlantic City. The two gaming havens have been the most successful casino revenue producers in the country for decades, but now other states are starting to take that distinction away.

Pennsylvania is the most notable state that is threatening the monopoly that Nevada and New Jersey have enjoyed within the gaming industry. Since Pennsylvania casinos began offering table games last summer, the state has approached New Jersey in overall gaming revenue. Analysts predict that by the end of 2012, Pennsylvania casinos will have passed New Jersey casinos in total revenue.

In the past two months, casinos around the country have experienced a resurgence of sorts. Las Vegas has seen an increase in revenue at their casinos, as have casinos in Mississippi, and Louisiana. While revenue is increasing, the fear factor associated with the economic conditions in the US is again driving down gaming stock prices.

On Monday, almost all of the major gaming companies experienced a decline in stock price, although it was not as bad as the drops they experienced last week. Boyd Gaming had the biggest decline in terms of percentage, falling 4.86%, to .09 a share. MGM Resorts International and Monarch Casino & Resorts both fell over 3.5%.

On the lower end of the declining stock prices was Wynn Resorts at a 1.04% decline. Wynn’s stock price remained the most lucrative of all US gaming stocks at 9.98 a share. Las Vegas Sands is another company that has prospered greatly in the past year, but their stock dropped as well Monday, falling to .57, down almost two percent.

August 23, 2011
Posted By April Gardner
Staff Editor, CasinoGamblingWeb.com


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NFL gambling is a multi-billion industry for Las Vegas sports books, but they are not the only outfits taking money from gamblers at this time of year. Fantasy football betting has become as big of a gambling experience as betting on the games themselves.

Over the next two weeks, fantasy owners will be filing into private homes, bars, and even draft headquarters to make their selections for the upcoming season. In most cases, the leagues are run by a commissioner, and the stakes in some of these leagues can remain quite high.

ESPN, Yahoo, CBS Sportsline, and even the NFL itself all promote the gambling through their online sites. The NFL has been running commercials suggesting that their league is the most comprehensive and best sits the needs of fantasy owners. The other outlets claim the same, with each offering free hosting services.

The traffic that is created at these sites during the season more than pays for the cost of the web hosting. In many cases, the sites themselves offer leagues where players can compete for monetary values upwards of ,000. The fantasy game has become so big that some analysts believe more money is spent on fantasy football betting, than is spent in the sports books.

The Super Bowl is the big prize for sports books, bringing in over 0 million in best each year. A similar statement can be made for the last two weeks of the regular season, when millions of dollars in prize money is at stake in the fantasy leagues. One miscue by a running back or quarterback could mean doom and financial disaster for playoff owners.

Chris Johnson and Adrian Peterson have been the top running backs the past couple of seasons, but some other big names have emerged. Anyone who drafted Houston’s Arian Foster likely lifted the trophy at the end of last season, and Michael Vick may have just as instrumental in a title run for other owners last year.

This season will provide a challenge for some owners who are used to simply picking up a magazine the day of the draft and choosing according to the magazine’s rankings. With the NFL lockout going deep into the summer, the publications had to release their fantasy issues without knowing where some of the players would end up to start the season.

The wait has been long, and while some gamblers travel to Sin City to place their future bets, millions of others will be living out their gambling prowess in the comfort of their own living rooms, or in some cases, the local dive bar of choice. Whatever the case may be, one thing is certain, the NFL is back, and so is the gambling.

August 22, 2011
Posted By Vincent Tapoglia III
Staff Editor, CasinoGamblingWeb.com


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Massachusetts does not have any legal casinos operating in the state, but lawmakers are busy working on the details of legislation that would legalize casinos. If the legislation is completed, it is likely that a tribal casino could be the first opened gaming facility in Massachusetts.

Under federal law, Indian tribe’s have the right to offer any gambling that is legal in the state where the tribe’s have a reservation. In Massachusetts, two tribe’s are waiting on federal approval to place land in a trust, which would lead to locations for possible casino resorts.

The latest idea among lawmakers in the state is to legalize three casino licenses. If that bill passes, the state would end up with five casinos, the three licensed, and two tribal casinos. Economic Development Secretary Greg Bialecki wrote a letter to lawmakers warning them of the tribal gaming activity.

“The federally recognized Mashpee Wampanoag tribe in Southeastern Massachusetts will be legally entitled to conduct gaming on their tribal lands upon successful resolution of their land-in-trust application with the Federal government,” wrote Bialecki. “We believe it is important that any gaming legislation account for and address this tribal gaming reality.”

Governor Patrick has been attempting to bring casino resorts to Massachusetts since he took office. His attempts have been blocked by several factors in recent years, starting with then-House Speaker Salvatore DiMasi convincing lawmakers the resort destinations were a bad idea.

With new House Speaker Robert DeLeo on his side, it appeared as though casinos were going to become a reality immediately, but there have been some setbacks in negotiations. The main sticking point is DeLeo’s insistence that state race tracks have the right to operate slots. Patrick has been against the premise, although he has loosened his stance in recent months.

DeLeo and Senate President Therese Murray have vowed that they will re-ignite the gambling expansion issue in the coming months. All of the top lawmakers in the state would like to have the legislation complete by the end of the year, many of which just hoping the issue will not be a recurring one each legislative session.

August 23, 2011
Posted By Tom Jones
Staff Editor, CasinoGamblingWeb.com


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Racist and ethnic bias still exists in today’s society. That was the message that was delivered by a jury deciding a case between a former Tunica casino employee and his employer. Marc Silverberg claimed he was fired because he was Jewish, and the jury this week agreed with his assertion.

Silverberg was working at Sam’s Town Casino in August of 2008 when a new general manager was hired at the casino. Silverberg said that the relationship with the new supervisor went downhill quickly, and that the GM fired his employee simply because he was Jewish.

The casino and the GM denied the allegations, instead claiming that Silverberg had been fired because of poor performance while on the job. The employee disagreed with that assertion, and soon after filed a lawsuit for wrongful termination. The suit ended up in court, where the jury decided that Silverberg indeed had been the victim of ethnic bias on behalf of the GM.

“I didn’t do anything wrong,” said Silverberg, after the jury ruling. “They put together a concerted effort to get rid of me because of my Jewish heritage. The jury vindicated me.”

The jury did much more than vindicate Silverberg. The victim of the ethnic bias also received a judgement for 2,000 in back bay. An additional ,000 was awarded for mental anxiety relating to the case, and the big hammer came down when the jury awarded Silverberg 0,000 in punitive damages.

The GM did not have much of a case once it ended up in court. Two employees at the time of the interaction between the GM and Silverberg testified that they heard the GM refer to Silverberg as a “Jewish Slug.” The GM denied the allegations even after the testimony was given, but the jury believed the case of the fired employee, and awarded the compensation accordingly.

Mississippi casinos have been working in recent months to come out of the economic slump that began back during the 2008 economic recession. With the recession in the rear-view mirror, many casino executives had hoped the recovery would be swift, but that has not been the case. Increased competition has made it tough for casinos in Mississippi, New Jersey, and Nevada to continue their dominance within the industry.

August 22, 2011
Posted By Terry Goodwin
Staff Editor, CasinoGamblingWeb.com


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The Australian government is attempting to prove that gambling has become a social danger in the country, and they have stopped at no means to prove their point. The latest attempt to display gambling’s dangers has occurred in a series of raids since March.

Law enforcement officials have carried out several raids since March, with most centering on marijuana. Over million has been seized during the raids, in addition to 7,000 marijuana plants and 131kg worth of cannabis. The drug raid was heightened by an accusation by law enforcement.

“They’re generally vulnerable people with gambling debts or other forms of debt who are basically put in there to take the high-risk component of the operation,” said Detective Superintendent Scott Cook, when speaking to reporters Monday about the raids that have taken place.

The drug operation is one in which millions of dollars in marijuana has been moved, and to move those kind of numbers, the dealers need people. The people they target to do their dirty work, according to Cook, are the gamblers who have a hard time saying no.

“They’re targeting a particular victim, persons with debts, quite easily convinced to go and sit in the premises, add the fertilizer on, and just monitor the activity,” said Cook.

One thing that Cook did rule out for the time being is that all of the operations were linked. Raids have taken place in Cabramatta, Fairfield, Macquarie Fields, and Bankstown, and Cook believes that the operations were all running independent of each other.

The raids are coming courtesy of a new program, Strike Force Zambesi. Cook claims that the program will continue as long as it is netting the results it has seen over the past few months. The program was intended to curtail marijuana operations, and so far it has live3d up to its billing.

Of the charges that have been handed down, none of the thirty-seven are gambling related. Instead, the charges range from drug possession, to electricity theft and fraud. The majority of the accused were Australian citizens, with many being of Vietnamese origin.

August 22, 2011
Posted By Terry Goodwin
Staff Editor, CasinoGamblingWeb.com


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ESPN touts itself as the Worldwide Leader in Sports. As part of living up to that standard, the network ensures that they cover every sport imaginable on a full, or part-time basis. Poker is considered by many to be a sport, and ESPN has shown taped versions of the World Series of Poker in recent years.

With each passing year, the coverage of the WSOP has grown, with less time being allowed for editing, and more close to real-time play being shown on telecasts. This past week, ESPN began airing their coverage of the main event at the WSOP, and it has US poker players feeling confused.

On one hand, the coverage of the main event is great for poker players. They get to sit back and watch all of the best hands from the tournament, and how each player maneuvered through those hands. It is a tool that has helped the viewers get better in their own game.

On the other hand, however, this year’s showing of the WSOP main event has players feeling upset. Since Black Friday, millions of Americans have been unable to play the game they love online, and that has caused some harsh feelings towards the government. Watching the main event on television and not being able to go to the computer and play, has some poker enthusiasts mad.

“How is it possible that they can show poker on television, and tout it as a highly competitive competition, and then turn around in another breath and say the game is luck and that it should be illegal online,” said Maurice Hines, a poker player from Maryland. “It just seems like there is a double standard in this country.”

That double standard may soon be coming to an end. Several bills have been proposed in Congress that would end online poker prohibition for real money. Lawmakers are starting to take the issue seriously, and some analysts believe that online poker legislation could be passed in the US before the end of the year.

While lawmakers grapple with the details of the online gambling regulations, players will be left to watch highlights of the main event for the next few months. By the time the final table resumes at the WSOP in November, many players are hoping that the ban on Internet gambling is lifted.

“I think it would be great if they (government) reinstated our rights as Americans to play poker online in the comfort of our own home,” said Hines. His view is shared by many, but only a select few in Washington hold the cards that can make playing the game of poker meaningful again.

August 22, 2011
Posted By Tom Jones
Staff Editor, CasinoGamblingWeb.com


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The Oklahoma Sooners had their glory days over the past decade, but they have failed to live up to their reputation last season. Now, the Sooners are back and appear as strong as ever heading into the 2011-12 season.

The college football season has arrived, and that is good news for not only the players and coaches, but also for millions of gambling fans across the country. With the season only a couple of weeks away, Oklahoma was named the number one team in the nation this past week.

The Sooners took home the top spot in several major polls, and they have been installed as the betting favorites by Las Vegas sports books. Oklahoma’s odds of 9/2 are the shortest on the board, and there is only one team that shares odds of less than ten to one.

Defending national champion Alabama is number two in the polls and the second choice of odds makers at 11/2. The Crimson Tide lost some key players, but head coach Nick Saban has reloaded, and has his team ready for a run at back-to-back titles. Alabama is a heavy favorite to win the SEC, with LSU the closest competitor.

The Tigers are the fourth choice at sports books, with odds of 12/1. The recent scandal that has been reported regarding several members of the Tigers football team has some in Louisiana concerned, although gamblers figure to have LSU high on their betting lists as the season moves along this year.

Florida State has spent the past five years listening to the pre-season hype of analysts predicting the Seminoles were back on a national stage. This year may be the year the team finally lives up to the hype. FSU is ranked number four or five in most polls, yet they are the third betting choice at 10/1. The Seminoles popularity among fans automatically lowers their odds each season.

Florida is an example of how the odds do not always reflect talent, but instead the opinions of bettors. The Gators were ranked below fifteen in all the polls, yet they own the seventh lowest odds to win a title. Bettors usually go off past success as a guide to their betting habits, which would explain the Gators.18/1 odds in a year where many analysts believe the team is rebuilding.

August 22, 2011
Posted By Vincent Tapoglia III
Staff Editor, CasinoGamblingWeb.com


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The Pennsylvania Gaming Control Board has seen enough cases of children being left in cars while parents gamble inside state casinos. The Board has started handing out heavy fines for casinos where this has occurred, and now they might take it a step further if the casinos do not show improvement in policing this growing problem.

The Parx Casino in Philadelphia has been at the center of the new trend. Several instances have occurred where parents or guardians have left young children in the cars, while they went inside and played slot machines and other casino games.

“Parental responsibility is paramount here…This segment of the population just doesn’t appear to get it,” said PGCB Chairman Gregory Fajt, “and these folks need to be given a message, whether it’s incarceration, significant fines, whatever it is.”

The Board is frustrated with state laws that are too lenient when it comes to this type of behavior. Members of the Board are hoping that the state Legislature steps in and makes the penalty for these crimes much more significant. It is the same stance that the casinos have taken on the issue in recent months.

“There’s only so much this board can do,” said Board member James Ginty. “There is, quite frankly, only so much that you can do. Sooner or later, one of these kids is going to die.”

Ginty was speaking to Parx Chief Executive Officer Leonard DeAngelo. The Parx executive appeared before the board with the casino’s lawyer, Thomas Bonner. The pair told of how Parx has stepped up their security and educated guards on how to seek out these situations.

Guards were responsible for finding the children in the past couple of instances where the children were left in cars. In each case, the parent or guardian claims they had lost track of time, or that they were only gone for a minimal amount of time. Either way, the excuses are not flying with law enforcement officials or members of the Gaming Board.

Pennsylvania has become one of the largest gaming markets in the US over the past couple of years. Last year, lawmakers legalized table games at Pennsylvania casinos, and since the games were installed last July, the state has become the casino gambling capital of the Northeast.

August 21, 2011
Posted By April Gardner
Staff Editor, CasinoGamblingWeb.com


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Illinois Mayor Rahm Emanuel has been voicing his opinion in favor of a new casino in Illinois since he took office earlier this year. The former top aide to president Barack Obama believes that the new gaming facility is vital to helping the city out of its financial situation.

While Emanuel has been pro-casino all along, lately the mayor has stepped up pressure even more on Governor Pat Quinn. The governor is deciding on whether or not to approve a broad casino expansion bill that lawmakers passed a few months ago, and Emanuel believes there is no alternative but a positive decision by Quinn.

“This is an investment we need to make in our own city’s future,” said Emanuel. “We have an opportunity now with the Chicago casino, which the city of Chicago residents favor. I told you, I wasn’t like an enthusiast about it, but I cannot continue to have Hammond, Indiana, get million a month while our infrastructure is crumbling.”

Emanuel was referring to the state of Indiana, where many Chicago residents travel to gamble. The millions of dollars each month that are spent in Indiana casinos, should be coming to Illinois, according to Emanuel. Other states have launched their own casino initiative for the same reason.

Pennsylvania lawmakers had casinos, but were annoyed by residents of the state heading to Atlantic City, New Jersey, for their table game needs. Last year, Pennsylvania lawmakers legalized table games at state casinos, and not only are they now keeping their own residents, but they are attracting gamblers from other Northeastern states.

Governor Quinn, however, has said recently that he sees no way that he would sign the gambling expansion bill in its current form. Quinn is working with legislators on the parts of the bill that he finds insufficient, and Senate President John Cullerton has stayed the legislation until the details can be worked out.

Emanuel has continued to pressure Quinn, understanding that each day that is lost without a Chicago casino, is another day that revenue is leaving Illinois for Indiana. The mayor now has the support of many of the top lobbying groups in the state, who are looking to bring the hundreds of millions of dollars in gaming revenue to the Illinois state budget.

August 21, 2011
Posted By Terry Goodwin
Staff Editor, CasinoGamblingWeb.com


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Full Tilt Poker has not have the best of years when it comes to company growth. After being hit with an indictment in the US, the company proceeded to lose their gaming license in the UK. The fallout from losing that license has been immense, with the company losing all of their customers.

Those repercussions were only the start of the trouble for the ailing company. Full Tilt had already been hit by lawsuits by professional poker player Phil Ivey, and four US poker players. Now comes word that another lawsuit has been filed, this time on behalf of two Canadian poker players.

At issue in these lawsuits is Full Tilt’s lack of interest in paying players what was in their accounts at the time the site was shut down by the US and UK. The company insisted they would pay players back, but has yet to begin that process as their financial situation is worsening by the day.

Ivey went as far as to boycott the World Series of Poker this summer. Ivey is one of the most popular players in the world, but he would have had a legal obligation to promote Full Tilt under terms of his sponsorship agreement with the site. Instead, Ivey chose to sit the biggest poker series in the world out this year, bringing even more heat on Full Tilt executives.

Ivey’s lawyers were prepared to pull their lawsuit after it had been announced that a group of European investors was set to take control of the company. That purchase has yet to go through, and the longer it is drawn out, the more legal challenges that the company is facing.

If new ownership takes control of Full Tilt, analysts believe that their first order of business will be to infuse funds into the company and pay all outstanding player balances. If they follow through with that plan, the lawsuits would then likely be dropped.

In the meantime, the company is attempting to regain its license in Alderney. At the beginning of August, Full Tilt paid overdue licensing fees to the Alderney Gambling Control Commission, with the hopes of reclaiming their license. The next hearing on the Full Tilt license will be held on September 15th, although any meetings moving forward will be kept out of the public spotlight.

August 21, 2011
Posted By Tom Jones
Staff Editor, CasinoGamblingWeb.com


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