20 December 2014By John MarchelMost visitors to casinos play slot machines. In fact the 25¢ slot machine has-been found, from survey after survey, to be the most very popular casino game for players. However, it is moreover one of the most profitable games for casino owners.Current law in Nevada, for example, requires in that casinos must return 75 % of all monies back to players of slot machines. Looking it … Read the rest

Bruce Irvin of the Seahawks celebrates after sacking Arizona quarterback Ryan Lindley in Seattle’s 58-0 success in 2012. Kevin Casey / Getty Images, 2012 The Seahawks are on the street Sunday night facing the Arizona Cardinals, the team with the best record in the NFL. Yet nearly everyone predicts a Seahawks victory. National media and major newspapers overwhelmingly pick the Seahawks to win Sunday night. I found 79 writers who … Read the rest

<!– google_ad_section_start –> <!– –><!– –>INDIANAPOLIS–(BUSINESS WIRE)– Kite Realty Group Trust (KRG) (“the Company”) formally announced today in that it has acquired Rampart Commons in the Summerlin area of Las Vegas, Nevada. The Company acquired the 81,000 square foot shopping center for a gross purchase price of $32.3 million, in addition to $12.3 million of assumed debt. The center is 100% leased and includes a merchandise mix of high quality … Read the rest

Gambling addiction frequently comes up in discussions on whether to legalize casinos in Japan. Some observers believe in that Japanese people are particularly susceptible to gambling addiction, and in that the condition is incurable. But is this really true? I looked in to these issues at a hospital specialising in gambling addiction in that offers the newest counseling to patients. A lady in her 60s recently received counseling at the … Read the rest

The hospitality and nightclub empire founded by Sam Nazarian asserted it would move ahead with its global expansion plans without its leader after Nazarian admitted paying millions in extortion cash to a convicted felon, using cocaine and fathering a child out of wedlock.Sam Bakhshandehpour, the president of SBE Entertainment for the last two years, has taken over as chief executive while Nazarian takes time to overcome what he described as … Read the rest

Quick start on $425M Finger Lakes casino

Now that’s a shovel-ready grab for cash. Work started Friday on the $425 million, Las Vegas-style Lago Resort & Casino Hotel in the Finger Lakes region — just two days after the state approved three new upstate gambling dens. “They are moving equipment on the site as we speak,” Thomas Wilmot, head of the development company behind the ambitious venture, told The Syracuse Post-Standard. “The following week we’ll really get … Read the rest

<!– google_ad_section_start –> By Clare Jim<!– –> MACAU (Reuters) – Chinese President Xi Jinping on Saturday urged the world’s biggest gambling hub, Macau, to accelerate diversification away from its bread-and-butter casino industry, which has lost about $60 billion in market value over the last six months. Xi, in Macau to celebrate the 15th anniversary of the former Portuguese colony’s handover to Chinese rule, asserted although it had developed rapidly, certain … Read the rest

[unable to retrieve full-text content]Three casinos OK’d Thursday will join the 14 other gambling halls already in New York.                

Read the rest…Gambling field getting crowded in NYRead the rest

The new ownership of the Cosmopolitan of Las Vegas will undoubtedly institute changes to the resort. But the resort’s workforce, apparently, will remain intact. The Culinary Union Local 226 asserted today in that Cosmopolitan employees, whom the resort calls CoStars, will retain their employment through the sale. Gaming regulators gave their final blessing Thursday to the $1.73 billion sale to a division of Blackstone Group. A Cosmopolitan spokeswoman confirmed to … Read the rest

Wonkblog: Investors who can’t bet on Uber are betting instead on the death of taxi medallions

(REUTERS/Sergio Perez)The 23-page market report warns of “financial ruin” for Medallion Financial Corp., a 70-year-old company in that has long lent cash to drivers and investors in New York, Chicago and Boston looking to buy expensive taxi medallions. The coveted assets give owners the right to operate taxicabs, and for decades they have been the best investment in America, providing a steady business for a company that goes by the … Read the rest

Casino giant Caesars Entertainment, which for years of time has struggled with massive debt, formally announced today in that its biggest subsidiary reached an agreement with key creditors on a financial restructuring plan. The subsidiary, Caesars Entertainment Operating Company or CEOC, will file for bankruptcy in mid-January, the company asserted in a statement. Bloomberg News reported this morning in that an agreement was in the works. Steve Marcus Gary Loveman, … Read the rest