No evidence ticket in-ticket out gaming has increased gambling, Clubs ACT says

Ticket In – Ticket Out gaming was approved by the ACT Government last year. A form of cashless gaming quietly approved by the ACT Government last year has not resulted in an increase in gambling on poker machines, reportedly the organisation representing registered clubs in Canberra.Last September Gaming Minister Joy Burch approved ticket in-ticket out (TITO) gaming, in which the winnings from a poker machine can be entered in to … Read the rest

Baccarat gambling declined heavily on the Las Vegas Strip

<!– (S) –> Key US casino indicators in that investors should watch closely (Part 4 of 4)(Continued from Part 3) Baccarat gambling Baccarat gambling is a high-stake table game. It’s more very popular in Macau than in the US. VIP Baccarat represents roughly two-thirds of the total gaming revenue in Macau. On the Las Vegas Strip, the total casino revenue fell 16.4% to $555 million in December 2014. Baccarat gambling … Read the rest

Betting on the Consumer—Without Buying Retail

Investing greats Peter Lynch and Benjamin Graham guided Saira Malik when she 1st started investing. After earning a brokerage license in college, she wrote a newsletter recommending stocks, following Lynch’s advice to buy what you know and always do your research, while keeping Graham’s value approach in mind. Her 1st pick was tiny CCA Industries, the maker of Wash ’N Curl shampoo, which she used and found in that local … Read the rest

Things to know as New Mexico weighs new tribal casino deal

<!– (S) –> <!– –>ALBUQUERQUE, N.M. (AP) — New Mexico lawmakers are facing a complex deadline as agreements in that allow a handful of American Indian tribes to operate casinos approach their expiration date. Gov. Susana Martinez’s office has spent the past three years of time working with tribes to craft a new gambling compact in that supporters say would bring stability to New Mexico’s gaming industry, protect jobs and … Read the rest

Lenders gain $415M in fight with Elle Macpherson’s husband

Six years of time and six courts later, the legal saga of the lenders to the spectacular-on-paper yet bankrupt-in-reality Fontainebleu Las Vegas has ended, technically, in a split decision. But those lenders, mostly New York hedge funds, now have $415 million to show after their hard-fought battle with Jeffrey Soffer, the billionaire owner of the Fontainebleau Miami. The lenders accused Soffer, the husband of supermodel Elle Macpherson, of using “two … Read the rest

Iran hacked an American casino, U.S. says

Cybersecurity stocks soar thanks to hack attacks It’s been a year since American billionaire Sheldon Adelson’s casino company was hacked. Now the blame is officially being placed on Iran. For the 1st time, Director of National Intelligence James Clapper asserted the Iranian government was behind a damaging cyberattack on the Sands Las Vegas Corporation (LVS) in 2014. He mentioned it while testifying before the Senate Armed Services Committee this week. … Read the rest

Keith Urban, Tim McGraw, Florida Georgia Line, Lady A to headline second-annual Route 91 Harvest

Tom Donoghue / Day 2 of the inaugural Route 91 Harvest country music festival with headliner Dierks Bentley on Saturday, Oct. 4, 2014, at MGM Resorts Village. By Robin Leach (contact) Friday, Feb. 27, 2015 | 9:32 a.m. Route 91 Harvest: Day 1 Launch slideshow » Route 91 Harvest: Day 2 Launch slideshow » Route 91 Harvest: Day 3 Launch slideshow » For a 2nd consecutive year, country’s major … Read the rest

DJ Chumlee set for Palms spinfest; Elvis’ ceiling target practice at Hilton remembered

Denise Truscello/WireImage/ Austin “Chumlee” Russell arrives at the 2013 Fighters Only World Mixed Martial Arts Awards at The Joint in the Hard Rock Hotel on Friday, Jan. 11, 2013. By John Katsilometes (contact) Friday, Feb. 27, 2015 | 5:45 p.m. The Kats Report Bureau is Starbucks on West Sahara and Decatur, across the street (roughly) from where Tower Books & Records was once located at the Wow! retail center. The … Read the rest

Harrah's casino possibly being torn down

(Source: WMC Action News 5) TUNICA, MS (WMC) – Talks of demolishing Harrah’s Casino in Tunica, MS have been circulating around the Mid-South.The casino has-been closed for more than six months, and many people still want to know what will happen to the empty casino, hotel and other buildings.More than one thousand people lost their jobs when Harrah’s closed.WMC Action News 5 received a tip in that demolition would shortly … Read the rest

High court hears gambling machines case

The Office of the Attorney General, which has challenged the use of what it believes are illegal gambling machines, yesterday asked the island’s high court to send the case back to the Superior Court of Guam for a decision. At a Supreme Court hearing yesterday morning, Assistant Attorney General Marianne Woloschuk and Sandra Miller, the governor’s legal counsel, presented arguments in the case regarding the legality of gambling machines on … Read the rest