Tag Archives: stiri cazino

(Română) Parteneriat ROMBET – Remote Gambling Association RGA

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Revel to close in September

The Revel Casino Hotel is to close on September 10th with the loss of 3,100 jobs. The casino resort which only opened for business two years ago with a cost of $2.4 billion has never once turned a profit.

It was hoped that a delay in bankruptcy court hearings last week by company officials looking into a buyer for the casino hotel would uncover a suitor, but sadly the Revel’s board met on Monday 11th August, with the decision to close down the iconic glass-covered casino which is located at the north end of the Boardwalk.

In 2012 the Revel opened to much fan fair as it was the first casino to open on the famous boardwalk since the Borgata opened there in 2003 and many hoped it would boost the economy.

Since 2006 revenues in Atlantic City have plunged from an all time high of $5.2 billion to $2.86 billion in 2013.

The closure of Revel will be the second of four Atlantic City casinos to shut down this year as Atlantic City fortunes decline even further. Twelve casinos were once adorning the boardwalk now with The Showboat closing on Aug. 31, and Trump Plaza closing Sept. 16.

(Română) Admiral si Net Bet au inceput o noua colaborare

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Harrah’s Casino Tunica closes its doors for good

 

The dice are no longer rolling and the slots aren’t spinning at Harrah’s Casino in Tunica. The casino lights went out for good a little after midnight recently and 1,300 employees are now looking for work. For many people, the closure marks the end of an era in gaming in Tunica County.

The lights at Harrah’s Casino Tunica were still flashing brightly a few minutes before midnight on Sunday, June 1. But there are no winners among the 1,300  Harrah’s employees whose jobs ended at the stroke of midnight. The casino’s lights burned for a few minutes past midnight, and then at 12:05 Monday morning, they went dark for the last time.

It was an eerie sight, seen only once before in 2011, when flood waters closed the casino. Many believed the flood was the beginning of the end for Harrah’s, which has experienced declining revenues. By daylight Monday, the Harrah’s brand name was slowly disappearing from the landscape, leaving behind empty hotels and no more high-rollers to fill them.

Harrah’s Tunica opened in June 1996 as The Grand Casino. It was the biggest casino between Las Vegas and Atlantic City, and the closest Mississippi casino to Memphis. The name change to Harrah’s Tunica was finalized in May 2008. Then in March of 2014, the company announced plans to close the casino for financial reasons.

source: News Channel 3

Mongolia wants to legalise gambling and horse racing

The Mongolia government are set to propose new laws which will allow professional horse racing and at the same time legalise betting in an attempt to entice Chinese gamblers when the Hong Kong horse racing season closes. According to a report in Bloomberg the Mongolian government will approach the Hong Kong Jockey Club for their horses and jockeys while they are in the closed season to hold horse race meetings.

The Hong Kong season runs from September to the middle of July and the Mongolian Government want to take advantage of the two month break to hold race meets and betting on those races to help bring in tax income. A leading government official said that legislation for horse racing and betting would be submitted to parliament in the next three months, and follow the same rules and regulations as the Hong Kong Jockey Club.

Part of the new proposals that will be submitted to parliament in Mongolia will also cover online gambling and land based casinos although it is unclear if these will pass through for approval along with the introduction of horse racing and betting.

Rio Casino Resort – THE PRIDE OF THE SOUTH

The largest casino in the Southern Hemisphere, the Rio Casino Resort is located in Klerksdorp, South Africa and was inspired by the passion, vibe, and color of the Carnival in Brazil’s Rio de Janeiro. The casino is located a few hours by car from Johannesburg and is among the most popular casinos in South Africa.

Short history of the place

The first magistrate of the small community that settled on the banks of the Schoonspruit in 1837, Jacob de C’lerq, gave his name to a town founded by Voortrekkers and built by gold mining. The discovery of gold in 1886 saw thousands of prospectors descending on the quiet rural aggregation of Klerksdorp. Today, Klerksdorp is the centre for a large mining and agricultural economy and has the second largest grain co-operative in the world.

Rio Casino Resort was opened in May 2002 as “Tusk Rio Casino Resort”. In August 2006, Peermont Global acquired Tusk Resorts, renaming the property as “Rio Casino Resort”. The acquisition of the property was made to realize a substantial increase in casino gaming and improve lodging on land where the company held gaming licenses. Shortly thereafter, a new Peermont Metcourt Rio Hotel was built adjacent to the resort along with a new convention center, Peermont’s first in the area, with only one other lodging facility offering such conference facilities.

Gaming

This casino offers all the excitement that a first class casino resort is expected to. The vibrant casino at Rio dazzles with its gaming options. He has 24,743 m2, 274 Gaming machines and 13 table games including blackjack and poker games. Rio Hotel Casino and Convention Resort shines brightly in Klerksdorp along the N12 in the North West province of South Africa.This glitzy resort beckons you to join in the extravagant celebrations.

The exclusive Salon Privé ensures the ultimate gaming experience for the high-roller.  Rio offers a fast growing Poker tournament every Sunday. Entries close 15 minutes before the start at 15h00.

The casino offers both smoking and non-smoking floors for gambling with slots available for many denominations.

The Winners Circle guest loyalty programme ensures that players are rewarded with exclusive promotions and offers. Winners Circle programme comprises three tiers that are each marked by its own signature colour card: Maroon, Silver and Gold. As you progress from the one tier to the next, you are awarded even greater rewards and benefits.

As soon as you join their Winners Circle, you automatically receive Maroon status. You then simply have to earn 13 bonus points over 3 months to get to Silver status or 81 bonus points over 3 months to be presented with the much-desired Gold Winners Circle Card. Your status will be re-evaluated annually on your anniversary date, but upgrades are available year-round.

Be treated like the winner you are by joining Winners Circle, Peermont’s exclusive gaming loyalty programme where you are rewarded lavishly at every turn. Your membership is complimentary and is available almost instantly at any one of Winners Circle Desks. Simply present your South African ID, driver’s licence or passport … and they will hand you your passport to their prestigious winner circle!

As a Winners Circle member, rewards are bestowed upon you just for playing the slots or tables at any of their Peermont Casinos. Every time you play 500 Rand*  (turnover) on one of slot machines, you are awarded one bonus point equal to 1 Rand in value. As your bonus points accumulate, you may exchange them for slot credits so that you can play more or use them to treat yourself to the range of discounted merchandise available at any of our Peermont resorts.

At the tables, you are rewarded with complimentary beverages while you play as well as meal vouchers, exclusive tables promotions, draw tickets, tournaments or, in some casinos, cash back tables points.
Best of all, the more you play, and the more bonus or comp points you are granted, the higher you move up the status hierarchy of their exclusive club. Every time that you reach a higher status, it is marked by a brand new Winners Circle card, and you are even more richly rewarded! When you redeem your points, it does not affect your current card status or the opportunity to progress to the next level.

Accomodation and Entertainment

With its Brazilian Carnival theme, Rio strives to make your accommodation and entertainment experience an exhilarating affair of exuberant proportions. The thrilling casino offers exciting slot machines with fantastic jackpots and table games. And in true carnival style, reinvent yourself after a successful meeting, conference or event. Catering for groups of up to 1 000 guests, the resort makes sure the party continues, while the children are entertained at the buzzing video arcade or crèche. Come to Rio and be swept away by the pulsating rhythm of excitement.

Experience a carnival delight…the 3-star Metcourt hotel at Rio Hotel Casino Convention Resort boasts a beautiful 70-key 3-star select services Metcourt hotel. Facilities include a pool terrace and swimming pool, buffet restaurant, adjoining bar and Wi-Fi internet access. There is also beautiful convention facilities and loads of entertainment for the whole family from vibrant casino action to the games arcade.

The hotel features (70 rooms) with 30 Classic twin rooms, 20 Classic king rooms, 9 Superior twin rooms, 6 Superior king rooms, 4 Executive suites and 1 Special assistance room. Smoking and non-smoking rooms available.

Dinning

F.L.A.G. Cafe

This contemporary restaurant located on the ground floor of the Peermont Metcourt hotel, offers delicious buffet breakfasts and a la carte menu at night time with refreshing drinks after a long day. The Dress Code is casual, capacity of the place is 94 indoor and outdoor seating, with smoking and non-smoking areas. Bar service available from 15h00.

Karamba Grillhouse

The new Karamba Grillhouse is an absolute treat for meat lovers, serving the most superior cuts of prime beef and other popular South African favourite dishes, complimented by a superb selection of wines. A small private dining facility is also available.

Moo Bar

This delightfully “all things cow” themed bar, with an entrance from the interior of the property as well as a separate entrance onto its deck area, offers a spectacular selection of cocktails as well as a snack menu.

The Convention Center

This modern, state-of-the-art Convention Centre offers the Maracana Room which can be subdivided with a sound-proof roller-abled wall. The centre also offers two separate breakaway rooms, the Samba and Flamengo Rooms and the Ipanema Tent Platform in the north east corner of the Rio Resort. The venues offer multi-purpose configuration capabilities, superb audiovisual facilities and impressive menu options. The Escapades Theatre offers an atmospheric wood interior with soft lantern lighting, catering for up to 250 in a banquet configuration, with the additional benefits of a permanent stage, sound and lighting facilities.

Everything is big here. Nothing is good enough for the customers of Rio Casino Resort. This casino is not only the largest in the southern hemisphere, but also a gigantic space dedicated to gaming and the fun. If you have not yet been here, then don’t delay to do so.

*The Rand it’s currently currency in South Africa.

ESTONIA – the gambling aces are on the Baltic table

by Oana Mihalache

 

Estonia is officially known as the Republic of Estonia and is situated is the Baltic region of the Northern Europe, bordered to the north by the Gulf of Finland, to the west by the Baltic Sea, by Latvia to the south and shares a 338 km border with Russia. Estonia is a parliamentary republic and is divided into fifteen counties. The capital and the largest city in the country is Tallinn. The country has an advanced, high-income economy and the highest gross domestic product per person among the former Soviet republics.

A short history of a lively phenomenon – Estonian gambling

Gambling is legal in Estonia in most of its cities, and there are a total of 12 cities with gambling facilities in the country, which have 75 legal gambling facilities. The gambling paradise is of course the capital city, which has 38 casinos (live and electronics) and hosts 40 table games, 886 gaming, slot and video poker machines. In fact, the only form of legal gambling is in the casinos. An interesting fact is that casinos are the only places in Estonia where it is still legal to smoke.

Even though it has expanded rapidly, gambling is very young in Estonia, as all forms of gambling activities were banned during the USSR dominance. In that period, illegal casinos still functioned, even though they were prohibited. The legal history of gambling started a few years after the country gained its independence, in 1991. The first Lottery Act came into power in 1994 and the first Gambling Act in 1995. A new gambling law was adopted in 2008, and this resulted in a decrease in the number of casinos, which dropped down from 91 to only 33 in 2010. Experts said that this was a result of the crisis and the adoption of the new law.

If it’s legal, taxes are imposed

The Gambling Tax Act adopted on 22 April 2009 regulates the taxation of all gambling activities. The main change brought by this new Act is the fact that it provided a legal basis for the taxation of remote gambling, which was overlooked in the previous version of the act. Now operators of betting and remote gambling have to pay 5% tax on the net profit. Secondly, the lottery tax increased from a 10% rate to 18%, a tax that is deducted from the amount gained from the sale of tickets. Gambling taxes are given (100%) to charity to aid culture, education, Estonian Red Cross and other organizations.

Lotteries are mainly offered by the state owned Eesti Loto and can only be organized for the purpose of charity. There are four main types of lotteries, which are based on lotto, keno, bingo and scratchcard. If the state lottery had a 90& market share in 2010, it soon gained a monopoly as the strict rules imposed by the new Gambling Act made it hard for operators whose licenses had expired to obtain new ones.

Online gambling, a fresh market

Even though the Estonian population hardly exceeds 1.5 million inhabitants, there are around 75 casinos and gambling rooms in the country. At least 80% of the adult population have gambled at least once.

The online gambling industry is in the process of formation, as gambling via the Internet sites has only become legal in 2010. Estonian players can only play on licensed sites and those who lack a license will ultimately be blocked. The market opened further in 2011 to offer non-Estonian companies to have limited access to Estonian customers, which meant that a foreign company could apply for a license, pay the appropriate tax and transfer their software to an Estonian-based server.

On top of that, the launch of a PokerStars sponsored live tournament in Estonia as well as the ongoing Baltic Festival, brought more gaming attention to Estonia, encouraging authorities to examine ways to open the market.

A fast and profitable development

This industry has also proved an important financial support for the country, as the revenue enabled Estonia to recover from economic difficulties. State fees vary according to the type of activity that operators apply for. For example, as of November 2011, an activity license application required a state fee in the amount of 47,934 to organize a game of chance, €31,956 to organize a game of skill and €3, 196 to organize a totalisator (betting machines).

Estonia has quickly become one of the centers of the gaming industry, and the country’s willingness to reform laws to provide the best financial outcome for its residents indicated to industry experts that the Gambling Act could be further revised to welcome more companies into the arena. Playtech, one of the world’s largest online gaming companies is already based in Estonia.

Gambling – between reality and prejudice

by Roxana Leonte     

Even nowadays, gambling is a subject that if it`s not taboo, it will surely be blamed by most people, in majority people unknowing the reality of this domain. Knowing details about the domain, which is a real industry, or being just passengers in front of the dark windows, for most people, gambling gets from the beginning a negative connotation. From this until the development of the negative elements list, connected with gambling is just one step.

What do people think when it comes to gambling?

Few people who have never come in contact with gambling, can deliver an objective, neutral, balanced opinion, or can say that this domain has also its advantages. The reasons of popular thinking are mostly the stories that people have heard about gambling addiction, or the prejudice in their mind, that gamblers never get to winning for real, but in fact they mostly loose. But what represents in fact this industry of games and fun risk?

What stands in fact behind gambling?

Gambling is an industry and its goal is profit, that comes from gamblers. Games are mathematically thought in such way that the game provider never loses money, but he tries to get as much money as possible. At the same time, it is true that the industry should support in a more active and uncompromising way responsible gaming programs dedicated to gamblers. As a highly profitable industry, gambling is constantly trying to expand, in order to get profit. Of course that gambling industry is sustained also by government, in the countries where gambling is legal. The reason why governors encourage gambling industry is the important financial income, that state budget gets from gambling.

Why do people gamble?

Many people play due to ambition, curiosity, because it is an intellectual stimulating factor for those who are smart or just for fun. Sadly, part of them can become addicted. This attitude can be difficult to understand and from analyzing, it can be hardly understandable why someone would roughly want to risk losing money, or throw them out the window and become an addicted to such a harmful activity, that brings no advantages. Psychological causes that explain these situations are various, from the necessity of supplying some emotional needs to the immaturity that makes most gamblers think that someday they will win.

The gambling behind gambling?

Some people love gambling, others blame it vehemently. Many would say that they have no link to this domain and it does not affect them in any way. Perhaps those have never asked themselves, what stands behind a daily newspaper article, that speaks about the winner of the lottery jackpot and how such information influences them? It may be unbelievable, but many people buy a ticket for the first time after reading such an article. Why wouldn`t they win?

Probably the accent is always on the financial advantage brought to state budget.  We hardly think about the spending that comes along with solving people addictions, psychic problems, delinquency, family or professional problems.  Certainly both familial and professional lives of an addicted person are affected and so is society in general. Governors should certainly be aware of both protecting citizens, especially minors and financial advantages implied by this industry.

Are we interested also in gambling advantages?

From the taxes and fees on gambling are sustained on a certain level the state economy, social, medical and educational systems. Gambling brings tens or hundreds of millions to state budget, even though it is not mentioned very often by mass-media or authorities when it comes to discussions. Taking into account such reasons, along with the disadvantages that the simple existence or expand of gambling imply, it is a personal matter of each, to conclude why this industry exists and is sustained. Along with the state budget income, that is brought, an important advantage is the economy support coming from the job offer in this domain.

Even though this aspect is put aside by critics, this industry has a rich job offer. The number of employees in live casinos, betting houses, bingo companies or the Romanian Lottery is very high and their income is medium and mostly over medium. Based on these incomes, many families can have a decent living. At the same time, employees in this industry are very pleased not only with the income but also with working conditions and other benefits that come along with such a job. This way the state economy is somehow supported. In this context we should think that perhaps a collapse of this industry would imply economy sufferings, that the population would feel. Indeed, few people get to thinking this way, taking into account the advantages that this industry brings to the state.

In some cases gambling can be a real touristic attraction for people from all around the world, like casinos in Las Vegas are, where more than 60% of the Vegas population works. This way gambling stands as a strong tourism industry sustainer. It is a way to promote both the country and tourism by means of gambling industry.

Another important side of gambling represent the contributions of the industry in social and charity field. The American industry has always been a part of these activities. Charitable institutions and projects have always received substantial incomes from this industry. At the same time, it is a well known custom to organize charitable events inside casinos for fundraising.

Most of the time people deliver their opinions about gambling based on prejudices. Especially in a country such as Romania, the remnants of a conservative mentality is reflected in people`s opinions. The persistent traditional thinking, does not  allow people yet to see things from another point of view, to ask themselves why Las Vegas or Macao are such appreciated places, why in those places things are not considered immoral, harmful or wrong, why people there do not judge and transparency is felt as much as the liberty of considering those locations regular places where people want to have some fun. And what about the fact that biggest American stars have contracts with casinos in Las Vegas, based on which they perform shows in Vegas casinos for several years.

Our job as people from this industry, is to highlight that gambling has also advantages that people do not acknowledge, or that they ignore. In most cases, people do not have enough information to deliver relevant opinions about gambling, or prejudices have such strong and deep roots, that people can only have negative opinions. It is a truth that in Romania, we are dealing with a lack of information in this area, thing that is not present in other regions, where information and free thinking makes people more relaxed when dealing with this subject. In conclusion, constantly expressing and promoting good aspects of this industry should be a communication priority individually, by companies or professional association. Another important aspect, that needs forward steps to be taken, is gamblers protection and constantly promoting  responsible gaming programs, on both industry and local business levels.

 

Don Barden, first African American Las Vegas Casino owner

Don Barden was not only the first African-American casino owner of Las Vegas, but he was also a special man, who started everything from scratch and one who, due to his ambition, managed to build a media empire. This is his success story.

 Born on December 20, 1943, Barden grew up in a family that advocated hard work. His father, Milton, scrambled to earn a living, working as a mechanic, a farmer, and an auto-plant laborer, among other jobs. When Don was not hard at work, he turned his attention to sports. In high school he quarterbacked his football team. He also excelled at basketball, and at one time captained both teams. After high school Barden enrolled in Central State University in 1963. College was expensive, however, and Barden did not have enough money to pay for four years of schooling. He dropped out after his freshman year and set out to make his way in the world of business.


Barden moved to Ohio, where a brother was living, and worked over the next few years as a hired hand in shipbuilding yards, a plumber, and a restaurant worker. Like other entrepreneurs in the United States, Barden realized that the best way to make money, create jobs, and make a difference in the community was to go into business for himself–and that is just what he did.
Barden’s first real estate deal involved the U.S. government, which was in the market for a new building to house its military recruiting station in Lorain. Throughout his career Barden would work hand-in-hand with the federal government, either negotiating deals for minority representation of community businesses, or in the case of the military recruiting station, just being in the right place at the right time. In that instance, he scouted around Lorain until he found a suitable structure, then approached the government and received a commitment from the military that it would indeed lease the facility. With the government’s commitment in hand, he went to the bank and secured a loan to purchase the building. Barden invested $25,000 and, two years later, sold the building for $50,000.

Now that he was firmly established in Lorain, Barden explored new opportunities. He turned to publishing and, with a partner, tried to start a newspaper in 1967. That particular enterprise failed, but he tried again, eventually creating the Lorain County Times. Using the newspaper as a springboard for even greater community involvement, Barden entered politics, serving two terms on the Lorain City Council, from 1972 until 1975.

Barden moved from the political pulpit to the media pulpit in 1977, when he took to the airwaves at WKYC-TV in Cleveland. For three years he held sway on a talk show that aired on Cleveland’s National Broadcasting Company (NBC) affiliate. Barden kept his eyes open to the changes that were occurring in the entertainment industry; prognosticators were predicting the demise of network television as more and more people turned to cable. Barden saw that cable was coming, and with it would come the potential for great profits. Though real estate development deals were still his main business venture in the late 1970s, Barden kept his eyes trained on the media landscape, looking for an opening.

Barden used his television acumen and “his community leader status” to put together an arrangement that would start him on the road to becoming a cable television magnate.


Barden turned his attention to cable and its profit potential full-time. Barden had a clear aim: to find communities in the West and Midwest that were primarily black, and, using his know-how and connections, attempt to wire as many as he could for cable television. His first opportunity was in Inkster, Michigan. That community awarded Barden a contract to wire 10,000 of its homes. Barden completed the job on time and on budget. In 1981 and 1982, he negotiated his reputation for good work into contracts wiring other communities.

The City of Detroit, with its 375,000 households, wanted to get wired for cable and put the big job up for bids in 1982. Barden was prepared. He invested his own money and took out bank loans. Eventually he put $500,000 together to write a proposal on how he could do the job for Detroit. The city hired a consultant to review Barden’s plan as well as the plans of other would-be cable wirers. The consultant gave his approval to Barden, recommending to Detroit’s cable commission that he get the job. Mayor Coleman Young signed off on the Barden plan, as did the Detroit City Council.

The work was just beginning for Barden, however. Over the next three years he worked hard to put the cable television operation together. The project required an enormous capital investment, for it entailed laying massive amounts of wire, both above ground and through underground conduits, as well as the purchase of facilities and equipment. Barden needed approximately $100 million, so he set about finding a partner.

According to the New York Times, Barden found his deep pockets north of the border, in the Canadian communications company Maclean Hunter, Ltd., of Toronto. In 1984, when Maclean Hunter agreed to purchase 25% of Barden Cablevision, Inc., for $230,000, the company was Canada’s largest communications enterprise. Barden would eventually sell 60 percent of his cable company, retaining the other 40 percent for himself. However, he always maintained 51 percent of the voting rights in the company. According to Black Enterprise, Maclean Hunter lent Barden’s company $15 million and a Canadian bank put up an additional $80 million.

In 1986, Barden began the task of wiring Detroit. Making cable available was the first step. Then Barden had to solicit a pool of dependable subscribers. Barden then sold his cable television holdings for over $100 million and went on to pursue opportunities in casino/gaming industry. 

When one of Barden’s companies acquired the Fitzgeralds Las Vegas Casino in Las Vegas he became the first black casino owner in Vegas. In 2007, Barden was awarded the rights to build a Casino in the North Shore Area of Pittsburgh, adjacent to Heinz Field, home of the Pittsburgh Steelers. The selection was made over heavy objections of local taxpayers who preferred another competing offer from Isle of Capri Casinos. That offer would have built a new multi-purpose arena adjacent to a casino complex in the area now occupied by the Civic Arena. Isle of Capri agreed to foot the entire cost of the new complex, valued at the time at 290 million dollars. Barden’s selection by the Commonwealth of Pennsylvania Gaming Commission forced the city of Pittsburgh and the buildings principal tenant, the Pittsburgh Penguins, to come up with an alternate plan, using taxpayer money to fund the facility.

In 2008, Barden defaulted on the casino project. He was unable to secure bridge loans that would have permitted work to continue on the North Shore Casino project. Work at the site was stopped for weeks, until another investor could be found. Only after Chicago billionaire Neil Bluhm of JMB Realty bought controlling interest in the project, did work continue. Barden retained a minority interest in the project.

On May 19, 2011, Don Barden died of lung cancer at the Karmanos Cancer Institute in Detroit, Michigan. He was 67. Earlier that year, his wife Bella had filed for legal separation, saying in court documents that her 67-year-old husband was so sick with cancer that he could not make his own business and financial decisions.

Don Barden will remain alive in the memory of the Las Vegas residents, not only through the gambling investments he had made here, but also by the fact that he was a pioneer, and one who has always fought against prejudice.