Archive for December, 2009

Table casino games are becoming more critical for Atlantic City has surrounding states have sucked away business, according to the Press of Atlantic City.

Pennsylvania and Delaware currently offer online slots and both have taken steps to add table games. Both states will likely have these casino games early next year, according to the Press of Atlantic City.

Table games generated $1.4 billion in revenue for Atlantic City in 2008. That accounts for 30 percent of Atlantic City’s “win,” with the other 70 percent coming from slots, the Press of Atlantic City reports.

The Palms has agreed to pay a $75,000 fine to the Nevada Gaming Commission for not properly overseeing a pair of online poker tournaments held by third-party organizers who did not register with state online gambling regulators in late 2007.

The resort will pay another $25,000 to the state Gaming Control Board to cover the cost of the investigation.

Also, the hotel-casino paid $450,416 in unpaid prize money from one of the tournaments, which was organized by the United States Poker League, because 22 checks from the online gambling tournament’s organizer bounced.

The five-count, 12-page complaint brought by the state attorney general’s office Friday cited the resort for hosting the tournaments “without adequate planning and follow-up,” and failing “to prevent a situation that might reflect negatively” on the state and casino industry.

Even though the Palms was not a party in either tournament, it is responsible for any activities at the hotel-casino, according to state gaming law.

Palms owner George Maloof said the hotel-casino notified regulators as soon as the problems were discovered and paid off the unawarded prize money in December 2007 for the United States Poker League tournament.

“We didn’t wait for the board’s resolution,” Maloof said. “We’re real proactive. From the moment we found out these people weren’t paid, we acted.”

He said the hotel-casino has taken steps to ensure that future events are properly registered with regulators.

The first incident arose from an Aug. 12, 2007, unlicensed poker tournament organized by Michael Eakman & Associates to benefit the Jewish Community Center of Southern Nevada. Michael Eakman & Associates failed to register with the state and took four months to pay the Jewish Community Center its share, a complaint said. Attempts to reach Eakman on Wednesday failed.

The United States Poker League event was held at the Palms Oct. 20-23, 2007. Contact information for the poker league was unavailable.

Maloof said the hotel-casino hasn’t sued any of the organizers, but “we’re going to do what’s right (for us) in pursuing them.”

Dec
27
We know

The Reel Life knows the value of sleep. Before we enter any online slots tournament or begin a slots marathon, we always try to get in a quick catnap to gear ourselves up for the long road ahead. A thief in Australia should have done the same.

According to Metro, a man in Perth, Australia fell asleep while trying to pick the lock of a shopping center. Police said they found the man snoozing early Sunday morning with a lock-breaking wire still in his hand.

Police spokesman Samuel Dinnison said: “It appears he fell asleep on the ground with the wire still in his hands and also in the door. He obviously had a long night whatever he was doing, and that got the better of him.”

When police searched the man’s car, they found prescription drugs linked to the burglary of a pharmacy earlier that day. He has been charged with driving without a license, burglary and attempted burglary, according to police.

The Reel Life hasn’t had to resort to robbery to fund our online slots lifestyle (yet). But if and when we do, we promise to get a good night’s sleep beforehand.

Las Vegas Sands Corp., plans to restart the online gambling company’s stalled hotel-casino projects on Macau’s Cotai Strip, according to published reports.

The internet gambling company, which operates The Venetian and Palazzo, halted its Cotai Strip developments a year ago when financing dried up and the online casino company was forced into a $2.1 billion recapitalization effort to avoid bankruptcy because it couldn’t cover its long-term debt payments.

The move reduced company founder and Chairman Sheldon Adelson’s controlling stake in Las Vegas Sands by about 20 percent. Adelson, who is Las Vegas Sands’ CEO, controls about 53 percent of the company’ stock.

Las Vegas Sands is launching an initial public offering on the Hong Kong Stock Exchange of shares of the company’s Macau holdings, which include The Venetian Macau, Sands Macau and Four Seasons Macau.

The company hopes to raise $3.83 billion through the IPO and said it wants to restart some of its Cotai projects, including hotel-casinos carrying the Shangri-La, Traders and Sheraton brands.

Citing anonymous sources, The Wall Street Journal reported that construction could restart in January. A source said Las Vegas Sands plans to hire 12,000 to 13,000 construction workers over the next 12 to 18 months to restart work on the project.

There will also be space for shops and conventions in the first phase that is set for the mid-2011 launch, the report said.

The Poker Hall of Fame is inducting one new online gambling member in 2009, and what a one he is.

Mike “The Ambassador of Poker” Sexton becomes the 38th member of the Poker Hall of Fame, becoming the only member of the nine finalists this internet gambling year to garner induction. The remaining eight candidates, who were under consideration this year, remain eligible for future consideration.

Sexton has amassed more than $3.7 million in career poker winnings spanning his nearly 30-year career, and has become one of the most recognizable figures in the poker game as the main analyst for the WPT’s television coverage. In addition, Sexton serves as a consultant and host to one of online gaming’s longest-running and most successful sites, Party Poker. The 62-year-old “Ambassador of Poker” is also one of the most generous givers in the game today.

After winning the 2006 WSOP Tournament of Champions, he donated half of his $1 million prize to different charitable organizations. Earlier this year, he formed www.pokergives.org, an organization that provides the poker community a better avenue to give back to worthy charitable causes.

A true gentleman who has constantly enhanced the game of poker both with his play at the tables and his promotion of the game off of it, Sexton is a noted author, columnist, broadcaster, philanthropist and businessman. Sexton won a WSOP gold bracelet in a Seven Card Stud event in 1989; was the WSOP Tournament of Champions champion in 2006; and ranks 11th all-time with 47 WSOP cashes. Amazingly, Sexton reached the final table in 20 of the 47 WSOP events he has cashed in. He cashed in the 2009 WSOP Main Event, and at the 2008 WSOP finished 4th in the World Championship Pot-Limit Hold’em event, earning $248,160.

Sexton will be inducted officially on Saturday, November 7 at the Rio All-Suites® Hotel & Casino in Las Vegas during the finale of the 2009 World Series of Poker Main Event championship.

The Poker Hall of Fame, established in 1979, was acquired by Harrah’s Entertainment along with the World Series of Poker in 2004. Though the Hall of Fame is virtual in nature, its membership includes poker’s most influential players and other important contributors to the game. There are 17 living members.

The main criteria for the Poker Hall of Fame is as follows:

· A player must have played poker against acknowledged top competition
· Played for high stakes
· Played consistently well, gaining the respect of peers
· Stood the test of time
· Or, for non-players, contributed to the overall growth and success of the game of poker, with indelible positive and lasting results.

Once upon a time, leading online gambling scratch card websites Scratch2Cash and Hopa created a beautiful and enchanting scratch gambling game for their players called The Fairy Tale.

All that come to The Fairy Tale will come across five towers. Each tower has a hidden Fairy Tale character which will include: A Prince, A Witch, A Mermaid and A Dragon just to name a few.

The objective of The Fairy Tale is to match three characters out of a possible five to win. There is a magical $/?/?200,000 Jackpot to be won.

The Fairy Tale welcomes all players from far and wide to come and win the gold.

Remember online casinos players may need to face the dragon and the prince, but the winnings are far greater. The Fairy Tale is the place where dreams come true.

Virtue Fusion Alderney, a developer and licensor of internet bingo products, says it will launch the first-ever bingo and casino games with embedded social networking following nine months of development and testing on 8th December 2009. William Hill, bet365, Paddy Power, Ladbrokes, Virgin and Golden Hat are the first customers to adopt the new product.

The company claimed in a statement this week that the technology will enable players to develop their own online communities, chat to friends during online casino games and upload information and pictures to their individual profile. All accounts will be screened by Virtue Fusion Alderney’s team of online monitors to ensure that all content meets strict criteria for privacy and decency.

Virtue Fusion Alderney CEO Bob McCulloch said: “Whether online or offline, bingo has always been a very sociable game. With the new networking and profile-building element that we are introducing, players of all our gambling games will be able to chat and stay in touch with their online friends before, during and after their bingo sessions.

“This marks a major stage in the development of our products. After nearly a year in the making, our clients and their customers will be getting an excellent application that will be fun and easy to use, appealing to players of all ages.

“This social networking product, whilst in its embryonic stage, has the potential to increase customer retention and, in future releases, be used as a follow-up and prospecting tool.”

In the online casino sector Microgaming pioneered a self-customising facility enabling players to upload personal material last (2008) year, and more recently the Isle of Man company launched multi-player slots with a strong interactive community element, but Virtue Fusion is believed to be the first to carry similar capabilities over into the Internet bingo sector.