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March 24, 2013

New Jersey Sports Gambling Because Much Less Likely

Filed under: Casino — Tags: , — OCE News @ 2:33 am

New Jersey has made it no secret that they are looking to get deeper into the gambling industry in order to increase the amount of tax revenue that they are able to bring in. It was recently ruled that the 21-year-old law that prohibited sports betting in all but four states were not completely legal. As the state look to become one of the for states to adopt what is a multibillion dollar industry, there were shut down and the Supreme Court.

The ruling was originally published on late Thursday, and is the second time that New Jersey failed in their lawsuit in order to establish themselves as a sports betting state. They are looking to allow betting at four major professional sports leagues, as well as the NCAA. The state is Heather claims denied in the past as well. It will be interesting to see if any changes are made to the legislation, before they attempt to pass it once again in order to give it a better shot of being accepted.

Gov. Chris Christie responded to the ruling of the judge, saying that he believed that the principles on their position on sports betting and the federal ban is illegal one. It is not expected that the ruling by the judge will be the last time that this is brought up within the state, as the state.to continue to fight for their right to have sports betting legal within the state. For many, the ruling was a huge display meant. To allow sports betting would bring in millions in potential revenue for the state, allowing them to you better recover from the recent tragic storms that have fallen over the area. The first New Jersey sports betting referendum was passed in 2011. It is clear that the citizens of New Jersey are behind me expansion of betting within the state, both in online poker, as well is in sports betting, should the right legislation make it to a judge.

Betting would be open for the NFL, NBA, NHL, major league baseball, and all sports played in the NCAA. A number of other states have attempted to legalize sports betting as well, only to be shut down in the Superior Court before became legal. It is clear that many states see a huge surge in revenue possible from beginning to accept sports betting, and running it as a state function.

It will be interesting to see whether not in the future, sports betting is allowed in New Jersey. As the state continues to push through new legislation, it becomes clear that they are uninjured in their fight to get the legislation that they believe is legal, passed through the upper courts. Each year, billions of dollars are better legally in the state of Nevada, and New Jersey has been slowly but surely attempting to become the next eight to be a gambling hub within the United States. Although they are known for their gambling, it is clear that the state would like to take their operations online, and also towards sports betting, as sports are quite popular throughout the state and would likely generate a large amount of revenue

March 22, 2013

Casinos Ditch Poker Rooms as Demand For Them Falls

Filed under: Casino — Tags: , — OCE News @ 2:29 am

It was not long ago that poker rooms were all the rage throughout the Las Vegas strip. A number of different casinos actually opened huge rooms that were dedicated to poker, but the demand for those rooms has died out. The Tropicana was the first hotel to offer huge poker rooms, in the heart of the Las Vegas strip. At the time, poker rooms were among the most popular attractions that many casinos had at the time, and seemed to be a worthwhile and long-lasting investment for the company’s.

Following the shutdown of some of the largest online poker sites on the Internet, the public interest in poker waned greatly. The fact of the matter was that online poker had brought many people to the sport, and allow the to be played from the comfort of an individual’s own home, without having to know about the table etiquette that was expected in Las Vegas. Although the poker rooms remain popular for a good amount of time, especially initially after the shutdown of the websites, their title as a big moneymaker many of the casinos waned.

It was never the same moneymaker that slot machines or roulette had been for the casinos, but the huge increase in popularity of the sport had greatly improve their revenues that it is generated. Casinos were ready to make investments into poker, as more people became aware of its prowess as a sedative gain. However, following the shutdown of the online websites, popularity in the game fell harshly. For this reason, the poker rooms begin to become less crowded, with less visitors being interested in playing.

Although many of the proponents of the game are few that it remains as popular as it ever was during the 2000 Zen is still growing industry, the proof does not seem to be there. At least, the game is not as popular without having the ability to learn how to best efficiently from the comfort of your own home, through online gaming. Online gaming legislation has come down in both Nevada and New Jersey, and both states are preparing to launch their own online gaming solutions. However, both states are waiting to see what happens with federal legislation before making too big of an investment into the industry. It is not currently clear if federal legislation will happen at any point in 2013, but is expected to happen at some point in the future.

As of right now, both Las Vegas and New Jersey seem to be vying against one another for supremacy in the online market. It will be interesting to see which state is able to get up and running the quickest. As of right now, Nevada has licensed a total of 19 companies to offer online poker and gaming solutions once they are green light to do so. Right now, much of the online software is in the testing and development phase, expected to launch at some point in the future, to huge fan fare. There has been a lot of talk of it, and it may finally come to fruition.

March 20, 2013

Station Casinos Eliminate Some of Highest Paying Machines

Filed under: Casino — Tags: — OCE News @ 2:27 am

In a move that has surprised many, Station Casinos has announced that they are going to be lessening in updating their video poker offerings, getting rid of some of their machines that have generated the most profit for them over the course of the last few years. They are going to go with new machines that are going to give players more options in the way of customizing the backgrounds, and also the way that the cards are dealt to them. Many of the highest paying video poker games are going to be removed from the casino floor, which is a bit of a shock to many analysts in Las Vegas.

They have been known for having some of the best video poker payouts available in all of Las Vegas. However, a number of those machines that have been highly regarded by those that visit the casinos have disappeared. Full pay machines actually allow skilled players to overcome the house advantage, which is one of the reasons why they have become so popular, with some of the older machines quickly disappearing. If they play perfectly, they would be able to earn one dollar for every $100 gamble. The house advantage is only lost when the individual is able to play perfectly, which is a difficult task.

The machine that the casinos have been getting a lot tighter as of late, as companies are working with reduced revenue since 2008, and are attempting to find ways in which they can improve their revenues moving forward. The company did remove some of their 100% machines in favor of 99% machines, please that the percentages and differences are not going to be that drastic among the general visitor base that visit the casino.

The adjustment will allow the company to update to better, more modern machines, while likely increasing the revenue as long as usage stays roughly the same. The company owns eight of the top 10 casinos and the most 100% payouts for any poker video machine. The company currently owns more than 27,000 games with paybacks of 99% or more, which is far more than the nearest competitor. They are looking to increase their selection moving forward as well, and although they have removed some of their best paying machines in favor of more modern machines, you can bet that the company will be adding them back at some point in the near future.

The truth of the matter is that most players are not going to be knowledgeable enough and video poker to be able to take advantage of the ability to out play the computer in the house advantage. Most players will not notice the difference between the machines, which is likely why the company decided to go with the lower payout. It will be interesting to see if this lowers the usage of audio poker machines at their casinos, or whether the new, more modern designs and layouts are more of a draw for the company. More comapanies are expected to join the project at some point in the near future.

March 18, 2013

Caesars to Start Demanding Resort Fees From Guests

Filed under: Casino — Tags: — OCE News @ 2:27 am

Caesars Palace has announced a rather large change in policy. After years of marketing the fact that they were not going tocharge any resort fees, the company announced that they would begin charging resort fees now. They will be adding fees anywhere from $10-$25 starting on 1 March, which is going to cover different charges for amenities, Wi-Fi, the fitness centers that they offer, and a variety of other amenities. The company currently operates a total of nine hotels in the Las Vegas area, including some of the strips biggest names. According to the company, the change was actually something that guests ask for.

The idea was that the company would not charge resort fees, and instead was or goers would have to pay a fee in order to gain access to different amenities, in order to help the company pay for them. Now, everyone will be splitting the cost of these amenities, instead of having to pay for them one by one. The resort fee with something that was a good marketing ploy for the company, but did not work on a practical level when you had to ask your guests to pay additional money in order to gain access to some features that make your resort a popular choice.

A large majority of visitors to the Las Vegas area are not going to think about the resort fee when they are making a decision about whether or not to stay at a given hotel. This fact is one of the main facts of the company to change their policy. After years of using the no resort fees as a marketing ploy, the company decided that the headache that was caused by having to pay for multiple amenities that they offer, was far more detrimental to the company than simply charging additional fees in order to pay for those amenities. Only 30% of those who conducted a recent survey stated that they valued the amenities enough to pay for them separately, if the fees were waived.

The resort fee has become a vital addition for many businesses, and the amount earned is quite high for many different establishments throughout Las Vegas. At some, the fees are able to create revenues that nearly double the cost of the amenities. When the policy was originally launched, fax like that were disclosed to show just that they were actually receiving a much better deal than they had previously considered. However, it is clear that guests do not look at the resort fees, and instead are much more interested in being able to have full access to the resort that they pay for.

The company was not the first major company in Las Vegas to begin charging resort fees. That honor belongs to Station Casinos who first started charging resort fees in 2004. Since that time, many more resorts and hotels have started charging resort fees, as a way to increase their revenue and pay for their amenities. It has become standard throughout most of Las Vegas, and this is likely the reason why Caesars found that their gas were not as open to the idea of having to pay for the amenities separately.

March 15, 2013

New Event Center On the Horizon For Las Vegas Strip Area

Filed under: Casino — Tags: — OCE News @ 3:44 am

The Las Vegas strip is home to some of the most extravagant and amazing resorts on earth. Now, residents of Las Vegas and visitors of the area can look forward to the installation of an event center in the Las Vegas area. The event center has been planned for quite some time, and is going to be modeled on a Eastern European glass factory that caught the eye of the architect. It is going to be developed by the Cosmopolitan of Las Vegas, and will have a 3000 capacity theater. The company has been developing the theater since it opened in 2010, but since that time it has sat empty.

The auditorium is expected to be open by the end of the year. There are going to be many different types of events that will look to utilize the theater including conventions, boxing events, and concerts. The Colosseum at Caesars Palace currently seats 4000, to give you some idea of exactly how large the event center is going to be.

Further announcements were made by CEO John Unwin, who told the Associated Press that the new events center will be named “The Chelsea” and will have 18 foot high ceilings, industrial inspired light fixtures and advantage would embark. He went on to describe how the building would be modeled off of a glass factory in Europe, giving further details into what patrons can expect from the upcoming event center.

“Imagine a glass factory in Czechoslovakia, and then you drop into that a working theater set” he said, “It will make a statement; it’s not just vanilla.”

The space will do a lot for the hotel, allowing you to book even larger conventions than it currently does. The design will it encourage companies to choose the location over some of the other locations that are present on the Las Vegas strip. As the Cosmopolitan looks to expand amid better-than-expected earnings numbers for the company, it is clear that the event center is a large part of their plans moving forward. Unwin went on to describe some of the events that he imagines will be taking place in the event center at some point in the near future.

“You’ll be having the keynote speaker from Google or Apple addressing their group in here one day, and the next day maybe you’ll have a general session in here for a convention, and then the next day you’ll have a big concert or boxing,” he said.

As of right now, the Chelsea Ballroom, is the only event center that is offered by the company. A number of large-scale events have been hosted there, including concerts for Jay-Z and Coldplay on New Year’s Eve, but is expected to be renamed when the larger venue is finally open to the public. As of right now, the company is not willing to disclose the cost of the project, the construction on the event center is expected to begin in March. There will also be a VIP seating and lounge area connected to the event center, which is expected to help to draw crowds to the area once it is open.

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