Just about every gambler has a losing streak at one time or another. The all-time record for losing the most money during a losing streak was probably set by Terrance Watanabe managed to lose $127 million while on a yearlong gambling binge at Caesar’s Palace and Rio casinos. Watanabe’s run of bad luck is believed [...]
Experts agree that legal internet gambling is coming to the United States. The question is who will benefit from it, the states or the federal government? Currently Nevada, New York, Hawaii and Illinois have internet gambling bills in their legislatures. For cash strapped states and cities the potential revenues from legal internet gambling are very [...]
In Alabama electronic bingo has been very controversial. Anti-gambling forced are strong in the state and last year the state conducted a series of raids on several casinos in the state. A trial ensued and the defendants were acquitted. Vindictive federal prosecutors decided to try the defendants a second time with predictable results; all of [...]
While the internet gambling industry celebrates the recent Department of Justice ruling that opens the door for internet gambling in the United States tribal gaming companies are concerned that internet gambling could cost their casino operations big bucks. Native American tribes have made billions from legalized gambling in several states and stand the most to [...]
At the most recent meeting of Atlantic City’s Casino Reinvestment Development Authority the document that sets the framework for the gambling Mecca’s newly created tourism district was unanimously approved. Atlantic City has experienced a drop in the number of visitors partially because of competition from newly opened casinos in Pennsylvania. The board voted 14-0 in [...]
Gambling in the United States has a long and colorful history. Humans have gambled since prehistoric times and dice have been found in several Roman ruins. Native Americans still play the ancient ‘stick game’ at Pow wows. Gambling played an important role in colonial America. The first settlement at Jamestown was partially funded by lotteries [...]
It’s official; Monday night New Jersey lawmakers passed a bill that makes it legal to bet on sporting events and horse racing. Once the bill is signed by Governor Christie the state faces a federal court battle to try and overturn a law that bans sports betting in all but four states. The New Jersey [...]
Casino has been an extremely popular venue ever since it emerged, and not even prohibition, restrictions and various types of bans throughout the world managed to diminish its success. We’ve all witnessed the big boost in the online gambling industry with the entrance of online casinos in the market. With their variety of games, affordability [...]
An Austrian man who thought he had won a $93 million dollar jackpot was offered a free meal and $93 dollars instead. The winner Behar Merlaku found the offer unacceptable and is suing the casino. Merlaku hit four out of five of the slot game’s required matches and was told he had won the top [...]
Tough economic times have prompted congress to seek new revenue streams to offset budget cuts. Some in congress say that legalized online gambling could bring in billions of much needed revenues annually. In addition several states are planning to offer intra state gambling top residents. Many in congress would like to overturn the ill advised [...]
