Online Casino Edition – Casino News News about online casinos and gambling

November 26, 2013

Bally Technologies Hits New Earnings and Revenue Record for Quarter

Filed under: Casino — Tags: — OCE News @ 3:00 am

Bally Technologies had a great quarter. They are a leading manufacturer of gaming systems and slot machines. They also operate of large progressive slot system. The company is known as BYI on the NYSE.

The company reported revenue of more than $264 million. This is an increase of 7.6 percent over the 2012 fourth quarter. They also reported earnings of more than $64 million and this is an increase of more than 32 percent over 2012 fourth quarter of 2012. This was all good news to both company officials and to company stockholders.

For the quarter, earnings per share came in at a record 95 cents which is an increase of 55.7 percent over 2012 fourth quarter results. The company has said that its revenue, earnings and earnings per share are all new records for the company. Also, this marks the eighth consecutive quarter for year-to-year earnings-per-share growth.

According to Bally President and CEO Ramesh Srinivasan: “Fiscal 2013 was a truly momentous year in Bally’s history. We made enormous progress in many different ways, including continued growth in wide-area progressive units; record gaming operations revenue; significant success in new markets like Canada, Illinois and South Africa; establishing new revenue records in systems while setting up systems for further growth in the years ahead; and the launch of Bally content in regulated online jurisdictions. These achievements position us well for continued growth in fiscal 2014 and beyond.”

As one can see, he is very optimistic about the company’s future and with earnings and revenues results such as being reported recently there is no reason for him to be anything else. All of this news is coming out ahead of the next big convention to be held in Las Vegas where Bally Technologies is expected to have some great showings on new products for the gaming markets.

Overall, this means that the company was able to finish the 2013 fiscal year and do so with a nice increase of 19 percent over the previous year. For the wide-area progressive base, it was reported to have grown by 38 percent and it, too, was a new record for revenue for the current year.

As if this were not enough good news, the company is also anticipating that the upcoming Global Gaming Expo that will take place in in September has the potential to be one of the best for the company. They are expected to show three new brands during the convention. While their Nascar slot did not make the grade as they had hoped it would, their Michael Jackson slot has proven to be a big winner in all venues where it is being played.

It was also reported that the company is still working to acquire Shfl Entertainment for a bit more than $1 billion. This deal was first announced back in July. No new information has been released yet on where the parties stand but there have been no negative stories either making one believe that the deal is progressing along.

November 25, 2013

Online casino gaming is a great way to spend an evening of fun

Filed under: Casino — Tags: , — OCE News @ 2:50 am

The aim of casino gaming has always been to thrill and give pleasure; online casino gaming carries on this purpose in its own way. Those who are interested in casino gaming are likely to be impressed and delighted by all that they are able to do with this new way of playing. The sights, sounds, and thrills that are to be had with online casino gaming are not to be missed by anyone interested in playing. Its changed form only adds value to the various games that can be played. So, if you are looking for a new adventure, a new way of entertaining yourself, you can do a great deal worse than playing online casino games. They can thrill and please you for hours and days at a time.

The growth in online casino gaming has led to new forms, new inventions, and new conceptions in how the game is played. Online casinos have had to adapt to the particular tastes and preferences of a twenty first century audience, which has resulted in the production of many new inventions. The graphics and special effects that one now finds in online casino gaming spaces is the result of this new demand—a demand that casino gaming carry an edginess that is commensurate with modern times.

There are few industries that are as promising and filled with potential as online casino gaming. Ten years ago online casino gaming was not every well known. Indeed, it was only in its infancy and had very few venues in which persons could actually go in and play it. The explosion of the web and the technology associated with it changed all of that. Online casino gaming has taken off in the last few years, providing a range of outlets for a great many persons. It has, in a way, democratized online casino gaming. There has been such a surge of interest in the various games associated with casinos that providers have been compelled to modulate and modify them in order to appeal to the new crowds.

Though the core of most casino games has not been changed much by the new games that have been created, there have been some slight variations of theme. These changes have been made because new times call for new ways of thinking, feeling, and seeing things. The online environment is one that is so conducive to appealing to all of the senses; it is also one that is incredibly plastic and flexible. Old games can be re-formulated and re-focused so that they give modern audiences the kind of pleasure that they expect. If done well and organized intelligently, such a move can make the game even more fun for the player.

To be sure, not all online casino gaming sites offer the exact same quality and value to the persons who use them. It is therefore necessary for anyone who wants to get the most out of their experience to select a gaming site that can offer them the kind of value that they expect.

November 24, 2013

Caesars Staying Quiet on Rumors of Bankruptcy As Presented in Recent Newsletter

Filed under: Casino — Tags: , — OCE News @ 2:59 am

Caesars is having its share of dismal news lately. In a recent newsletter that reports on Las Vegas, it was suggested that people not make cash reservations for the famous hotel or make any type of deposits in any of the casinos that are operated by Caesars Entertainment. The reason for saying this are rumors of a possible bankruptcy filing.

Bill Mandel, who is the publisher of the newsletter said: “In an abundance of caution, this newsletter advises you not to deposit any funds (deposits for hotel reservations, deposits in the cashier’s cage or not redeeming casino chips, etc.), in … Caesars hotels, until the situation at Caesars becomes clearer. The newsletter is called Openings and Closings in Las Vegas.

The newsletter, according to Mandel, has been in business for more than 16 years and has more than 64,000 subscribers. Most of whom are Las Vegas visitors as well as various gamblers.

For its part, Caesars says that it is not considering bankruptcy. Even so, some analysts have made speculation that such a course may, indeed, be in the cards for the company. According to one expert, even if the company did file for protection, it would have little or no effect on its hotel reservations or on its casino deposits. It would be a problem for shareholders, but for customers, according to this expert.

An example was cited of the 2009 Chapter 11 bankruptcy for Station Casinos. In this, the company did have to sell off some assets and it did have to reorganize finances, but its customers were not harmed. The company has emerged from bankruptcy in 2011. Many suggesting that the company came out stronger.

Caesars has also said through a spokesman that the company does not respond to these types of speculation or rumors and that this has been its policy for a long time. He also said that these rumors have been around for many months now.

Perhaps the reports by Moody’s Investors Services back in April have had a lot to do with this. They downgraded the company’s credit rating, downgraded it, in fact, to one of its lowest levels ever. Mandel says he used this information to make his decision to post the article.

It was reported by Caesars in the earnings report that came out in July, that they bought back some $275 million in debt. It also reported that it planned to beef up its many and various product offerings in Vegas and that it planned to get into the Maryland casino market. They said that they were also reducing spending in its marketing departments for those areas that are not seeing much gain.

While some may find the news about the company distressing, investors are sticking with it. Right after the Moody’s post, stocks did drop, but they have since rebounded. Only time will tell if the rumors are based on fact or on fancy. In the meantime, many loyal customers are continuing to patronage the famous landmark and its hotel.

November 23, 2013

Online casino gaming has become one of the world’s booming industries

Filed under: Casino — Tags: , — OCE News @ 2:49 am

Industries come and go. And when they are growing, they tend to attract a great deal of attention. One of the world’ fastest growing industries is that of online casino gaming. From a rather minor industry of dull, scattered, and unprofitable websites to a multi-million dollar industry of online vendors that are prolific as they are attractive and entertaining. Few industries have been as transformed by the web as online casino gaming. It has become, in just a few short years, the focal point of most casino gaming that is done in the world. This has made it extraordinarily attractive to market watchers and investors around the world.

Anyone who has any interest whatsoever in casino gaming has taken notice of the rise of this particular form of it. For those who are interested in the making money from online casino gaming the prospects for doing so has never been better. There is a reasonable expectation that the industry will only grow in the coming years. Casino gaming has never been more popular in its traditional strongholds. But now the newly emerging economies are also beginning to take more interest in such games. From China to India to the Arabian Gulf, newly enriched persons are looking to casino gaming as a means of entertaining themselves. This will means new revenue, new opportunities, and new growth for online casino businesses.

But the up and coming economies of the various regional tigers that the world has become familiar with over the past couple of decades is not the only reason to be encouraged by the prospects of online casino gaming. One of the great things about constructing casino sites online is the great flexibility that one has in developing the features of the games. A wide range of attributes, including sound, color, and graphic effects, can be added to a particular casino game. This is one of the ways that online casino gaming brings the technology and enhancements available nowadays to the various games that are played. Online casinos have become so popular because they appeal greatly to popular tastes. And there is no reason to believe that vendors involved with running such sites will not continue to develop and improve the various services that they offer.

If you are an investor looking for a new opportunity, you could do a great deal worse than online casino gaming. It is one of the most lucrative opportunities for investment now going. The kinds and varieties of online casino gaming will continue to change and proliferate and get better. And as they do so, they will need investors that can help them realize their potential. What better than those who understand the potential of such games and are willing to supply the capital needed to transform potential into reality. Online casino gaming is one of the fastest growing industries, and it will continue to be so for the immediate future and probably much further beyond. If you want to get hooked up and onboard, then now is the time to do so.

November 22, 2013

Will Nevada Internet Poker Make It Out of the State or Not?

Filed under: Casino — Tags: , — OCE News @ 2:58 am

The state of Nevada wants to offer its online poker to other players in other states, but that is a hard a row to hoe, it seems. Even so, Nevada gaming regulators are not giving up. Recently, the state Gaming Control Board held a meeting that went into ideas on how companies may be able to offer progressive jackpots to players who live across state lines.

International Game Technology and Bally Technologies, which happens to be the state’s largest slot machine manufacturer, asked the Nevada Gaming Commission if it would change its regulations so as to allow multijurisdictional progressive prizes. According to A.G. Burnett, the Gaming Control Board Chairman, he agreed that adoption of the amendments could be seen as a good first step heading toward acceptance of online poker across various state lines.

The governor of Nevada, Brian Sandoval, has already signed legislation that was approved in the 2013 Nevada Legislature’s session that would pave the way for drafting regulations that would allow online play by those who live outside Nevada. As it is now, people are allowed to play online poker as long as they are inside the state’s borders. To date, Station Casinos is licensed operating an online poker site and is doing this through the Ultimate Poker brand. Many other companies are working to get licensing as well. So far, Station has not said just how much revenue it has been able to earn, but some suggest that the company is doing just fine.

Back in July, the Control Board said it had gross earnings for the month that totaled some $12 which is an increase of 3.4 percent over July of 2012. The Control Board said that it is not able to breakdown how much of that came from internet play until it has at least three licensees. This is done to keep Station’s winnings as confidential as possible. It was reported though that poker winnings have passed revenue that was generated by bingo, keno, pai gow poker and sports and race books.

While there is much to do to get access across state lines, one thing that must be done is for the governor to work out agreements with other states. Also they must work on developing the technical specifications that would be needed to handle cross state play. In order to do this, the governor says he needs the Gaming Board to set up regulations. He says his talks with other states have been productive. He just needs to have the regs in place to more ahead.

It may be a while before Nevada lawmakers get into any real action on this issue. There are some who believe that cross state play will be more trouble than it is worth. There are others who feel that it will be too expensive to get all the tech in place to handle such a complex venture as cross state poker play and then there are those who simply do not know what they want just yet and are waiting for more information.

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