Louisiana’s State-Licensed Casinos Won $202.5 Million From Players

Louisiana casinosIn April 2011, Louisiana casinos won $202 million from gamblers, edging up 1 percent from April 2010.

State police reported Thursday, that The 13 riverboat casinos won $139.6 million, Harrah’s downtown New Orleans casino won $29.3 million and gamblers left behind $33.5 million at the four race track casinos. The casinos took in $200.5 million in April 2011.

In April, Louisiana’s four racetrack casinos won $33.5 million from customers, a 5 percent decline from a month earlier although a 2.1 percent improvement from the April of a year ago. The revenue for Slots at the Fair Grounds in New Orleans is also included in that, which reported revenue of $3.72 million in April, plummeting 20.1 percent from the previous month, and a 5.4 percent improvement on last year’s April result of $3.53 million.

N.J. based Morowitz Gaming Advisors, analyst Cory Morowitz of Galloway, said the Louisiana casino business probably hit bottom around September 2010 and is showing signs of slow recovery, though most markets are still underperforming by historical standards.

New Orleans although quite a distance behind Las Vegas as the second favorite place where gamblers would like to spend their time and money according to a poll released earlier this month by Fairleigh Dickinson Public Mind.

47 percent of respondents, who were asked which casino destination they would most like to visit, Las Vegas was their first choice. Followed by Atlantic City at 8 percent, Reno, Nev., at 5 percent, and St. Louis at 4 percent, New Orleans was second at 10 percent.

Online Casino Tips

Online CasinoThe elementary theory of motivation and the pleasure of gambling are driving the incredible gambling world. The impulsive feeling to great heights is stimulated and it is pleasurable due to the fact that the opportunity to win a lot of money.

As the result of the Internet, the revolution in gambling has evolved, thereby enabling everybody to play online accessible gambling. At any moment in time, to anyone via his or her personal computer, the online casino is accessible.

Below you will find online casino tips, which are on online casino gaming that, will hopefully be of some help to you.

  • Claim every deposit bonus that you can so that you will get some easily, and others not quite so easily.
  • Because the additional “00″ in American Roulette almost doubles the house edge contrast to European Roulette, for that reason whenever possible, play European Roulette instead of American roulette.
  • In Blackjack, do not ever take insurance bets because the odds of winning these are more than twice the house odds of other bets.
  • In a video poker hand, do not keep any cards that does not have anything that pays out.
  • The more likelihood the casino has of winning, the longer one plays.
  • Always remember that if you do not fully be aware of what you are doing, then you are just throwing away your money. Always keep in mind that you are playing for real money, when playing online.
  • Do not get carried away easily. It is a good time to walk away, if your bankroll is up. Your luck can simply change, if you start thinking that you are imperishable.
  • It is advisable to sustain a low profile, to keep unpleasant characters on the prowl at bay. Do not tell anyone in the casino how you are doing, whether you are winning or losing, for your own protection.

Maine Casino Gambling Expansion Debate

Maine CasinoOver gambling expansion project, the long running debate in Maine is on the verge of a new chapter. The question is whether the debate will be among the voters of Maine or the legislators in Augusta.

Members of the Veterans and Legal Affairs Committee listened to members of public weigh in on two citizen initiated bills that would create gambling facilities in three distinct geographical areas of the state. The bill’s supporters hope the Legislature will approve the measures and bypass the need for a statewide referendum later this year. But the governor might not allow this to happen.

With the Hollywood Slots racino in Bangor up and running and ground already broken on a resort casino in Oxford, two citizen initiated bills under consideration by the Legislature would create three more gambling venues in Lewiston, Biddeford and on tribal land in Washington County.

The Legislature has the choice of passing them outright or as has been its preference on this issue in recent years sending the questions to voters statewide.

Paul LePage, Dan Billings, legal counsel for Gov., said during testimony Monday that LePage likely would veto either of the bills if the Legislature opts to pass them because LePage believes the issue is better decided by referendum.

While the Legislature can legally pass the bills itself thereby eliminating the need for a referendum vote it typically does not. Most observers of the process expect the Legislature to vote no, which would automatically send the proposals to a statewide vote in November.

2011 Hollywood Poker Open – An Overview

PokerOn Saturday in Lawrenceburg, Indiana, the World Poker Tour Hollywood Poker Open began, and 92 players came out on Day 1.

Ali Eslami saw himself sitting at the top of the leader board with 147,000 in chips as at day’s end, 57 players remained. Even though the transition seems to be a smooth one so far, Eslami has had a great year so far considering that he prefers cash games and hasn’t taken to tournaments full time.

Throughout the day, Eslami was able to build his stack nicely. One might think that not too many notable players showed up with the field size staying below the century mark, although that’s not the case here as the field was highly concentrated with big names. Dwyte Pilgrim, Vivek Rajkumar and Randal Flowers, former WPT champions were all in the mix, but unfortunately none of them were able to make it to the end of the day.

Day 2 at the World Poker Tour Hollywood Poker Open no limit hold’em main event saw the total field size set at 97 players and by the end of the night just 27 remained. At the final table on Wednesday, April 13, the eventual champion will take home $273,664 in prize money. In the tournament the top dozen players will take home prize money.

Notable Eliminations on day 2 were: Mike Sexton, Hoyt Corkins, Jason Koon, Bobby Suer, Gregory Brooks, Raj Patel, Michael Benvenuti, Luke Staudenmaier, Jonathan Little and Jack McClelland.

Pennsylvania’s Casino Revenue Set to Overtake Atlantic City

Wall Street market analysts forecasted that as the nation’s second-largest casino market, Pennsylvania’s surging gaming industry would in all probability will surpass Atlantic City next year.

Atlantic City’s gaming revenue has dipped by 30 percent since peaking at $5.2 billion in 2006 and at the same time, Pennsylvania has been raising by double-digit margins. Compared to $3.6 billion for the 11 gaming halls in Atlantic City, Pennsylvania’s 10 casinos, spread across the state, took in about $2.5 billion in revenue in 2010.

Analysts told an industry conference that it seems unavoidable that Pennsylvania will become the next $3 billion market as Atlantic City persists to decline and it should outshine New Jersey for the nation’s No. 2 spot in gaming profits behind Nevada.

In the eastern half of the United States, Atlantic City was the only alternative gamblers for years if they did not want to step into a plane to Nevada. In 1978, the first New Jersey casino, Resorts had opened.

In Atlantic City, there are 11 casinos with a 12th, the half-finished Revel, due to open in mid-2012. The introduction of gambling in Pennsylvania was what really hurt, where the first slots parlor was opened in the Philadelphia suburbs in 2006. That casino touched off a revenue decline for Atlantic City that is now in its fifth straight year.

Managing Director at Deutsche Bank securities, Andrew Zarnett is betting that by 2012, the Keystone State will become the nation’s No. 2 gambling market following Las Vegas. Zarnett and others believe that the growth is so fast, a moratorium on new casinos should be considered by Pennsylvania in case its industry become inundated.

$2 Billion Raked by Florida’s Indian Casinos in 2009

In 2009, Florida tribal casinos benefited from increasing revenues, while casinos in other parts of the country witnessed a dip in revenues. The deep economic crash of the past few years did severe dent to the earnings of casino havens such as Las Vegas and Atlantic City, although Casinos were once well thought-out largely as recession proof.

However, in a down economy, the Seminole Tribe of Florida can still boast of prospering. According to the just-released 2011 Indian Gaming Industry Report, Tribal gaming revenues in Florida were up an estimated 10 percent in 2009. In the same year, Indian casinos in Florida raked in about $2 billion, the first full year the Seminole Tribe operated Las Vegas-style slot machines and dealt blackjack under a deal with the state.

According to the 2011 Indian Gaming Industry Report, for tribal gambling, Florida was the fourth-richest state, behind only California ($7.7 billion), Oklahoma ($3.1 billion) and Connecticut ($2.2 billion). In some parts of the country, the story was different as most places experienced 34-percent growth in Indian gaming revenues between 2008 and 2009. Wyoming witnessed a growth of 21 percent. A strong gain of between 7 percent and 18 percents was shown by Alaska, Nebraska, Florida and Oklahoma.

In the top Indian gaming states, Florida (10-percent growth) and Oklahoma (7 percent) ranked in the top five. With 31 tribes operating a total of 111 gaming facilities producing $3.1 billion in revenue in 2009, Oklahoma was the number two Indian gaming state by a wide margin. The top five gaming states were rounded by Connecticut, Florida, and Washington, with each producing in the neighborhood of $2 billion in revenues annually. Behind California, Oklahoma and Connecticut, Florida was the fourth-richest state for tribal gambling in the nation.

To replace bingo-based slots with Las Vegas style machines and blackjack, Former Gov. Charlie Crist signed an agreement to allow the Seminole Tribe. The agreement was overturned by the Florida Supreme Court, although the Seminole Tribe continued with the plan saying the federal government supported the agreement.

Casino: Normalized Net Profit Boost for Sky City

Sky City Entertainment Group is pushing hard to establish itself as Auckland’s entertainment hub, with capital spending of $50 million on the facilities this financial year. It reported a flattish half year.

As revenue was steady in Auckland but softer in Darwin after the introduction of smoking bans, the casino and hotel operator today said normalized net profit for the six months to December rose 2.1 percent from a year earlier to $67.4 million. On a year earlier to $410.1m, normalized revenue from ordinary activities rose 3.1 percent. In line with a year earlier, an interim dividend of 8c per share is to be paid. With most of the growth into Auckland mainly from China and Thailand, turnover in the International Business division almost doubled to $1.48 billion.

For the first six weeks of the second half compared to a year earlier, second half revenues continued to trend well, and were up more than 9 percent. Although turnover doubled from high rollers, mainly from Asia, Sky City chief executive Nigel Morrision said that the earnings at its flagship Auckland casino remained flat, as the subdued economy deterred local gamblers.

Casino operator Sky City Entertainment Group said first-half net profit was dragged down by a smoking ban affecting its Darwin casino. The first-half net profit fell 5.5 per cent to $67.1 million. There was a fall in earnings at its key Auckland casino and the October increase in goods and services tax. The cinemas business also dragged the result lower by earnings.

The Darwin casino, fell 13.4 per cent in Australian dollar terms, operating earnings from its next biggest asset, reflecting the impact of the smoking ban introduced in January last year, but its Adelaide casino achieved a 5.9 per cent lift in operating earnings.

With revenues rising 5% compared to the same time last year, the Hamilton casino produced a stronger result, buoyed by the stronger rural-based local economy. Following the September 4 earthquake and ongoing aftershocks, earnings from the Christchurch casino, affected by the negative impact on consumer behavior and it was expected to recover slowly as economic conditions improved.

Ahead of the Rugby World Cup, Plans were underway to improve facilities in Auckland, including new restaurants in the Federal St precinct, new new gaming suites. Skycity’s national convention centre proposal, which is still under consideration by the government, had no updates.

Big Wins at Borgata Casino

Playing a penny slot machine at the Borgata Hotel Casino & Spa, an Ocean County man won a slot jackpot of nearly $5 million night, making him the casino’s second multimillion-dollar slot winner in two weeks. After a pair of gamblers took, home more than $4 million from two separate slot jackpots, the payout came less than two weeks.

When five “progressive” symbols appeared on the payout line, the man was playing a Wizard of Oz Ruby Slippers machine, signaling a jackpot of more than $4,963,819. A man from Staten Island, N.Y. won $3,491,146 on January 16, when he was playing a Wheel of Fortune penny progressive slot machine. A few hours earlier, on a Wheel of Fortune 50-cent machine, another New York man won $700,161.

None of the winners would speak with reporters or would publicly identify themselves. The casino described the Thursday’s winner only as a male from Ocean County and they never disclosed his age or hometown. It seems the winners wanted to keep their names as a secret.

On progressive slot machines, all the three jackpots were won, which link slot players from many of Atlantic City’s 11 casinos and form a communal jackpot pool. From penny slot machines, came the two largest jackpots.

At multiple locations throughout the city, Wide area progressive linked systems link slot machines. WMS Gaming has manufactured the Wizard of Oz progressive slot system. In WMS company history, the jackpot at Borgata is the largest progressive jackpot.

Jocelyn Intends to Continue Trying Playtech Powered Online Casino

After scooping a $526,713 online slots jackpot at Europa Casino, Canadian lady has said she now intends to retire and play golf.

Since August 2008, Jocelyn Sirois has been a member. In the past, she had won several smaller jackpots playing online keno. Her fortunes took a dramatic turn on November 20 after winning the life-changing amount playing the Beach Life slot at EuropaCasino.com

For Jocelyn to hit the massive progressive jackpot it took just one spin of the reels and so she now starts 2011 with a completely new world of options opened in front of her.

Taking a vacation to Arizona to play golf is first thing to do on her list of things to do, which includes giving up her job. She will also take up the opportunity to travel to far off countries. At the playtech powered online casino, Jocelyn intends to continue trying her luck.

After winning, Jocelyn said that the speed of the games and the overall design are the things she first noticed about EuropaCasino.com and continues to love the attractive homepage. She said that excellent overall service is provided by the site. Online support of the site is highly responsive. The tracking is excellent and they are quick to answer all of her questions. She added that the games are easy to understand and whenever she has doubts in the game, she gets explanations of the games, which are clear and concise.

There really is no better time to sign-up to EuropaCasino.com, with so much still to be won and the site and such a ringing endorsement from one of its players.

Europa Casino is offering over 300 online casino games and it is premier, full-service casino, enticing weekly promotions and a lucrative loyalty program. One will find European style gambling at its best. Experience of Europe’s finer gambling institutions is recreated at one’s home by Europa Casino. The Directorate of Offshore Gaming of Antigua and Barbuda regulates Europa Casino, an Imperial E-Club Limited casino, under the laws of Antigua & Barbuda.

Rio All Suite Hotel And Casino For 2011 WSOP

Dates are out for the 42nd Annual World Series of Poker, which will run in 2011. The WSOP returns to the familiar Rio All Suite Hotel and Casino for 50 days of poker on Tuesday, May 31 and concludes on Tuesday, July 19. The event, as has been its norm since 2005.

Inclusion of hard stop times for all bracelet events will be one change in 2011. In a maximum of 10 levels per day, players will participate, at which point hard stop times will be enforced no matter how many players are left. To narrow the field further, on a given day tournament directors will not be allowed to extend play on a given day and as a result, it is likely that some events will last longer than scheduled. There apparently will be no exceptions to this rule.

From a timing standpoint, one big change released for next year is how the tournaments will be run. Previously, to the discretion of the tournament director, the end of play for a day was left and could be dependent on variables like the money bubble, the number of players left, etc.

About the schedule, events, etc., there was no other information released and the WSOP said in its release that all the tournament dates, buy-ins and times would be announced in January. The press release on the announcement made it seem like poker would be played on Independence Day this year, although last year there was no play scheduled for July 4. Than the 2010 WSOP’s schedule, the schedule is actually one day shorter.

In 2010, from 117 different countries 72,966 entrants were attracted and awarded over $187 million in prize money.