Posts Tagged ‘brick and mortar casinos’

Why there are No Clocks in Casinos?

One myth that is unsolved about casinos is that there are not clocks in casino halls. Well, it is quite simple and easy to understand that these casino owners want you to stay in their casino as long as possible. Only way, they can make profit from you is to keep you engaged in casino gambling for a long time.

The more time you will spend in a casino, the more games you will play and definitely either you will win more money or lose your own money. Casino owners benefit from both ways. If you win then the losing one will be paying and casino will earn commission from it, and if the other person wins then you will lose and you will be paying, The casino will still be getting the same commission. Now you may have got an idea in your mind that why there are no clocks in casinos.

This is not only a marketing strategy but it is also a psychological game that they play with you. We all know that casino gambling is very interesting and if you are winning then you will never want to leave the table and even if you are losing then you will still want to give another try so that you may win something. In both ways, the benefit goes to the casino owners. There has to be a balance in life and for this, you should wear a wrist watch so that you can keep track of how much time you have spent in casino while playing casino table games or video games.

Macau Casinos

It was in 1850, when gambling or casinos were legalized in Macau. Since then, Macau Casinos are famous in all over the world. If you visit Macau but you don’t visit casinos in Macau then you have not seen the actual beauty of this city. Although there are so many things to watch in this beautiful city but as the night gets younger, people rush to the casinos to enjoy and play games. The best thing about casinos here is that all these casinos are working under the Government’s rules and regulations and most of these casinos are open 24 hours a day.

The famous casino games that are played in these casinos are blackjack; sic bo, boule, Fan-Tan, baccarat and Keno. Casino Lisboa is the largest casino in Macau. This casino comprises of four story complex that looks beautiful at night when lights are glowing around it and laughter of people is coming out of it. This casino was built in 1970 so it has got a 4 decade history as well. So far there are 927 rooms in this casino and there are plans to increase the number of rooms in near future as more investment is coming in.

There are many other casinos in Macau like Floating Palace is from one of the well-known Macau Casinos. This is also called as the smallest casino in Macau but they have got the best services. Their support staff is very friendly and they are always willing to help you if you are in trouble. If you ever visit Macau in your life then you should not return back without seeing the beautiful casinos and their buildings that are built in the city. You will definitely love your stay in that city and you will surely enjoy playing different games in the casino.

Legalizing Casino Gaming in New York

This is a matter of wonder to many people that casino gaming and gambling in New York is legal or not. The fact is that New York gambling is not totally illegal. Online gaming and gambling is legal but for some areas and aspects casino gaming can be illegal.

Any individual can’t use any type of sports betting on internet in New York. If any casino provides this service of betting, it is violation according to the law. This violation is a crime. For this crime, punishment can be large amount of fine or time in prison. Though, some companies appealed against this rule, they became unsuccessful.

Internet gambling in New York has not been ruled centrally illegal. In some places it has been legalized by UIGEA to prohibit the online gaming related transactions in bank.

There have been made many attempts of gambling legalization to both House of Representatives and Senate level to pass rules and regulations of online gaming and gambling industry. Though, each attempt went closer to the success, finally failed. In 2009, U.S. DoJ apprehended more than $34 million from the accounts of 27,000 players in southern district, New York. It has been stated that, $42 billion can be collected as potential tax in next ten years form legal license given companies of casino gaming.

Though online gambling has been legalized in some places but, betting on sport was still illegal.  It is a belief to many individuals that gambling in New York remained illegal because of problem gamblers. 80% of online gamblers, who play casino gaming are problem gambler.  But, money laundering in gambling on internet is not a problem to the casinos and Government. Though it is not legal to play casino games in all places of New York, some poker sites approve e-checks and recently it is best option of money transfer for gamblers and online gamers.

Atlantic City Vs Las Vegas Casinos

For the die-hard casino gamer, the two best known game havens in the United States are Atlantic City and Las Vegas. Both Atlantic City and Las Vegas casinos offer a variety of great amenities and services that provide them with great fun and enjoyment. There are some features that define and distinguish one place from the other. Both cities provide similar at the same time unique offerings that entice the gambler.

Choosing between Atlantic City and Las Vegas casinos would depend a lot on a person preference. This is because each of them has something distinctive and wonderful to offer to every casino visitor and both provide ample opportunity for the visitor to enjoy all sorts of casino games. Still, if you have to choose one, here is a small comparison between Las Vegas and Atlantic City casinos.

Las Vegas Casinos

The Sin City, Las Vegas, Nevada is known for the Strip. A long street filled with the grandest and most vibrant casino halls. The place has more hotels than Atlantic City. Nevada is also known for its temperate climate since it is practically situated on a dessert. The guests will feel comfortable any time of the year even during winter time.

Atlantic City Casinos

Atlantic City, on the other hand, may not be as populous as Las Vegas but there are a number of towering hotels to compensate for this lack. The beaches surrounding the place offer a welcome respite from the casino. This is one thing that Nevada lacks. Las Vegas is situated on a dessert with no beach in sight. The place also offers more exciting atmosphere than Nevada. The carnival feel is evident all day long.

The comparisons between Atlantic City and Las Vegas casinos are endless. However, for the avid casino gamer, visiting both places is a welcome treat. They may be as different as night and day but they both satiate the gamers love of casino gaming. Both places are also believed to bring equal amount of luck to the game participants.

Strongest Casinos in 2011

Casino gambling is a profitable business as we all know. But if you don’t know how profitable this business can be, check out this list of the highest earning casino companies at the first half of 2011. The top 9 casinos list, originally published at the Business Insider, is topped by Melco Crown Entertainment. The operator of casinos in Macau, a popular gambling vacation destination, is entering the second half of 2011 with market cap of almost 8 billion dollars. The list is closed by the Boyd Gaming Corporation, the operator of the famous Atlantic City Casino Borgata Hotel Casino (and the owner of fifteen other gambling establishments) with only $763.49 millions market cap.

What can you learn from the list of the strongest casinos stocks in 2011? First, that the house not only wins, but wins big time. Secondly, Macau casinos generate higher revenues for their operators. The top two casino stocks performers in the first half of 2011 are owners and operators of casino resorts in Asian Las Vegas. Interestingly, Wynn Resorts, which owns and operates casino resorts both in Macau and in Las Vegas, has enjoyed a 96.12% of its share prices in 2011.

One of the reasons to this prosperity is Wynn’s win percentage at the casino table games such as roulette, baccarat and others. While in its Las Vegas business, the players usually win in around 70% of the table games, in Macau, the players’ winning percentage goes down towards the 60%. And now, casinos namedropping and numbers:

1. Melco Crown Entertainment – developer, owner and, operator of City of Dreams and other casino resorts in Macau.

Market cap: $7.98B

Share prices +287.27%

2. Wynn Resorts – owner and operator of the award winning Wynn Las Vegas, Wynn Macau and Encore (Las Vegas and Macau).

Market cap: $20.24B

Share prices + 96.12%

3. Las Vegas Sands – owner and operator of the famous Venetian Resort Hotel Casino in Las Vegas and its Macau correspondence, and owner of additional Las Vegas Strip landmarks and their Macau correspondences.

Market cap: $32.91B

Share prices: +81.25%

4. Penn National Gaming – owner and manager of numerous casinos in the United States

Market cap: $3.18B

Share prices +69.52%

5. Ameristar Casinos – the developer, owner and operator of the dozens Ameristar gaming facilities in the States

Market cap: $740.42M

Share prices + 66.64% on the year

6. MGM Resorts International – owner and operator of famed Las Vegas casinos including MGM Grand, Bellagio, The Mirage, Circus Circus and more, on top of owning and/or operating additional casinos throughout the US.

Market cap: $7.55B

Share prices +54.04%

7. Pinnacle Entertainment – developer, owner and operator of casinos in Reno, New Orleans, and other local casinos.

Market cap: $920.13M

Share prices + 46.69%

8. Vail Resorts – owner and operator of ski resorts under the RockResorts brand and develops and owns real estate neighboring its resorts.

Market cap: $1.64B

Share prices + 28.37%

9. Boyd Gaming – owner and operator of Bogarta Hotel Casino and Spa in Atlantic City, New Jersey, fifteen more casinos in Nevada and four other states, a jai alai facility, plus an owner of 85 acres of land on the Las Vegas Strip, the location of a planned multibillion dollars project.

Market: $763.49M

Share prices +2.17% on the year