Greyhound racing may soon become a relic of the past. During the past decade over half of the greyhound tracks in the United States have closed and many track operators are eager to get out of the business. At the Bluffs Run Greyhound Park in Iowa a few diehard fans still cheer from the stands [...]
The ongoing recession has many looking for ways to make money. In gambling centers across the US a new kind of visitor has emerged. They are known to some as ‘voucher vultures’ and they scan casino floors for slot machines with credits that have not been claimed. Gary Bemsel has turned this new phenomenon into [...]
In Australia ‘pokies’ (video poker and slot machines) are a popular pastime in pubs and other venues. Australian pokies are just about the same as slots and video machines in casinos around the world. They are made by the same manufacturers that supple Las Vegas and European casinos. Australian pokies feature special games designed to [...]
For publicly traded gambling companies 2011 was not a good year. A majority of the gaming sector saw daily stock prices take a nosedive during 2011 despite signs of recovery in most gambling markets including Las Vegas. According to Las Vegas based financial consultant Applied Analysis seven out of ten casino operators and slot game [...]
Recently Connecticut Governor Dannel P. Malloy said that because of a recent Justice Department internet gambling in the state was ‘inevitable.’ The DOJ memo opened the door to intrastate internet gambling for several states. At least one of the two Native American tribes operating casinos said that the state will have to create a new [...]
After several years of declining revenues Atlantic City casinos were up 4.2% in December 2011 the first increase in over three years. Casinos in the country’s second largest gambling market posted the first monthly revenue increases in years and several casino operators are hoping their losing streak is coming to an end. In December Atlantic [...]
If New Jersey State Senator Raymond Lesniak has his way the state will be a leader in the internet gambling industry. Lesniak plans to get a bill through the New Jersey state legislature that will legalize internet gambling for the state’s residents. Lesniak hopes to have a bill on Governor Christie’s desk by next week. [...]
Occasionally in the world of gambling new games can cannibalize older ones. In Connecticut lottery revenues declined after the introduction of parimutuel betting at a Plainfield dog track and jai alai frontons in Hartford, Bridgeport and Milford. When slot machines were introduced at Foxwoods casino in 1994 Connecticut’s share of pari mutuel betting declined from [...]
The government in the UK has announced plans to replace the present Amusement License Duty and VAT taxes with a new Machine Gaming Duty starting in February of 2013. Since the Machine Gaming Duty will be subject to budgetary control and rates have not been announced it is unclear how the new tax will affect [...]
According to a recent article in the UK based Guardian newspaper slot machines and gambling arcades are proliferating across the UK. The dismal economy has forced many shops and businesses to close and in many cases shops are replaced by gaming arcades. A major study of where slot machines (also known as fruit machines in [...]
