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Friday, December 26, 2014

Ny Picks Three Winners For Upstate Casinos

New York officials on Wednesday decided that Sullivan, Schenectady and Seneca counties can be home to non-tribal brick-and-mortar casinos, the AP reported.

The Gaming Facility Location Board decided to offer three projects the preliminary green light, in preference to four, citing concerns about over-saturating the market.

Check out below for the whole report.

New York is already home to a strong tribal gaming and racino industry that many are interested in now with the gaming expansion plan, which was authorized by voters in 2012.

A total of 16 firms were inquisitive about New York, including Caesars and Genting.

Winners could be subjected to further regulatory review before licenses are formally awarded.

According to the report, the 3 selected projects are projected to support greater than 3,200 full-time jobs and generate $265 million in tax revenues, along side $136 million in licensing fees.

Officials also opted to not OK any proposals that aimed to be within about an hour of latest York City and its 8.4 million residents. The speculation is to assist upstate economies. Listed below are the winners:

(1) The Montreign Resort Casino may be in-built the Catskills town of Thompson at the grounds of the old Concord hotel. The $630 million project will include an 18-story hotel, meeting spaces and an indoor waterpark. Its developer, Empire Resorts, operates through a subsidiary, the nearby Monticello Casino & Raceway. (2) The Rivers Casino & Resort at Mohawk Harbor within the city of Schenectady may be a part of a bigger redevelopment effort at a formerly blighted riverfront site. The $300 million development will include a hotel, a high-end steakhouse and greater than 1,100 slot machines. (3) Lago Resort & Casino, a $425 million project within the Finger Lakes town of Tyre in Seneca County, will include 2,000 slot machines. It was the most important contender within the Finger Lakes-Southern Tier region.

According to PokerAtlas, The big apple currently has three poker rooms. The excellent news in regards to the addition of non-tribal casinos is that there'll likely be more options for poker players.

More casinos in Big apple also mean more gambling within the Northeast. Pennsylvania has greater than 10 casinos, and just OK’d a plan for one more casino in Philly. Massachusetts currently has three firms—including MGM and Wynn—building new gambling facilities there. Connecticut may be home to a few successful tribal casinos. However, New Jersey has lost four casinos this year, which ended in the worry about over-saturation in The big apple.

New York Selections

Frank Online Casino Bills Get Committee Date

Legislation authored by Barney Frank proposing the licensing and regulation of online casinos will arise for committee discussion next week, after an extended wait.

Barney Frank's legislation proposing a delay in UIGEA implementation and a system of regulation and taxation for online casinos will finally be brought before the home Financial Services Committee. In its announcement of its upcoming calendar, the committee said Thursday, December 3rd, would be the time to speak about Frank's plan to permit controlled online gambling within the US.

The committee will review both House Resolution 2266, by which Frank suggests postponing UIGEA implementation until the top of 2010, and H.R. 2267, wherein Frank lays out a plan to license and tax Internet casinos and online gambling.

The date comes two days after a scheduled beginning of required compliance to the UIGEA, a date reportedly postponed today for an additional six months. Letters from twenty-five Congressmen of both parties had asked Treasury boss Tim Geithner to postpone the problematic Internet gambling payment ban.

One of the explanations given Geithner to further delay the UIGEA was the approaching legislative review of the law, which was attached on the last minute to a port security act, and not was debated nor discussed by lawmakers. Now, that review will happen next week.

Frank have been seeking to get the bills in front of the committee, which he chairs, since last spring, but coping with the recession has kept the committee too busy to listen to discussion on online casinos. Deadlines set by Frank at Easter after which July 4th came and went, and only now will formal public conversation be held concerning online gambling.

Published on November 25, 2009 by TomWeston

Temporary Control Of Revel Casino In Atlantic City Goes To Chatham

Published on February 12, 2014 by April Gardner

Revel Casino Hotel was expected to be the savior for the Atlantic City gaming industry after the industrial recession of 2008. The casino, which was going to modernize AC, was being built with billions of bucks invested, with the hopes of reviving the brand new Jersey gaming market.

That plan came to a crashing halt when financing ran out shortly after the recession. When the power was finally opened, it did so that you could much fanfare. Despite the attraction for gamblers, Revel fell well in need of expectations, signaling the general changing of the guard within the Northeast.

With one bankruptcy under its belt, Revel majority shareholders Chatham Asset Management secured the approval this week of the brand new Jersey Casino Control Commission to grab control of Revel. Whether that suggests Chatham could be a long-term solution, is yet unknown.

At the hearing to announce the approval, Chatham Principal Evan Ratner explained that the corporate is asking into all options for Revel. By not disclosing a particular plan, Ratner led industry experts to believe that the corporate can be trying to sell, or take Revel through another round of bankruptcy.

Some interesting names have popped up as possible investors into the power. The Seminole Tribe of Florida has expressed their interest in purchasing Revel. The Seminoles currently have a monopoly on table gaming in Florida, with a compact the tribe signed with former Governor Charlie Crist set to run out in 2015.

Caesars Entertainment, with casinos within the US, is another potential buyer. Caesars has made their move into the Northeast during the last decade, and believes they may prosper within the second-largest gaming market at the East Coast.

Two years ago, Pennsylvania overtook New Jersey, for second, behind only Nevada relating to overall casino revenue. New Jersey made some changes to their state law, specifically authorizing online casinos, so that you could regain the highest spot within the Northeast.

Workers unions were present on the commission hearings this week, with the hope of preserving casino employee jobs. Thousands of workers was laid off lately in Atlantic City casinos, and the union desires to ensure no further workers are lost within the cost-cutting measures of the Revel.

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British Government Cracking Down On Gibraltar Online Gambling

The Top Online Casino Gambling News Reporting Site Since 2002!

Published on August 5, 2013 by April Gardner

Gibraltar has become a well-liked destination for online gaming companies which might be trying to serve British customers. This week, the British government threw a curve ball at Gibraltar by making a new tax rate for gamblers using Gibraltar-based sites.

Prime Minister David Cameron has get a hold of a plan that will raise the tax rate on bets placed at Gibraltar online casinos from one percent to fifteen percent. That could be a sharp jump, and has Gibraltar officials upset.

"Internet gambling has become a premiere industry within the world, and Gibraltar has a big section of licensed online companies of their jurisdiction," said Analyst Tre Simmons. "If this plan goes through, it has the possible to cripple Gibraltar. Companies would run from the world with a tax rate that high."

Another a part of the brand new plan would insist that businesses putting in place shop in Gibraltar not just have an area license, but in addition a British license in the event that they desired to take bets from British customers.

Gibraltar officials are permitted to make their very own laws regarding online gambling regulations, however, they're subjected to British laws as well.

The UK is likely one of the groundbreaking areas on the earth throughout the Internet gambling industry. Gibraltar has become a hot spot for operators of online casinos for the reason that operators started pulling out of the Caribbean territories of St. Thomas, Costa Rica, and Panama. The new taxation structure had some Gibraltar officials speaking out at the new plan. "The model of prohibition and better taxes have been tried before," said Gibraltar government head Fabian Picardo. "If the united kingdom takes the tax approach that it's proposing, it'd be devastating for the united kingdom itself."

The UK government is making an attempt to create a balance between the net and land-based casino industries. In recent years, the web sector has surpassed land-based gaming, resulting in a decision for change from throughout the land-based casino operators.

Read More... [Source: Online Casino News]

Thursday, December 25, 2014

Are pink drinks a cure for tilt? PCA Mega Sats offer an opportunity to determine

It's a narrative that looks annually but never really gets old. We typically notice it at the first day of the PokerStars Caribbean Adventure, although sometimes it's earlier because an eager member of staff will already begin poring in the course of the list of players who've qualified for the primary Event even before the brand new Year hangover has worn off.

They're on the lookout for one player in particular, the player within the Bahamas, playing poker in a luxury hotel, for the smallest amount of cash.

Invariably there's someone normally Event there for a couple of dollars, having turned the cost of a latte right into a package including seat, accommodation, flight, and spending money worth $16,000. But when you look harder -- aha! -- there they are, the Mega-Path qualifiers within the Bahamas for 1 FPP.

The Atlantis Resort on Paradise Island

It's a narrative as old because the PCA itself and again it can be your name that leaps out at us as you're making the trip of a life-time for roughly the cost of the card cup that the latte we mentioned earlier comes served in.

All this weekend, including today (Friday) you can begin your PokerStars Caribbean Adventure for as low as 1 FPP (you might have considered trying to regard yourself to re-buys), or alternatively in a single of our other satellites, with buy-ins to fit every bank roll -- from FPPs, to a couple dollars, to a couple thousand. If things go your way you can be at the beach in no time.

Check out the PokerStars client for details. In case you are a PS7 user click "Live Events", after which select the PCA tab from the menu at the left hand side. Follow the link to the PCA Event Lobby to search out a whole range of satellites.

The PCA is the preferred event at the PokerStars calendar, happening on the beautiful Atlantis Resort on Paradise Island. It's where you're never various minutes from beautiful beaches and clear blue sea. It is the roughly place that despite the fact that things don't go as you hoped on the table, they most probably will off them. It's widely recognized that pink drinks with umbrellas in them have for years served because the best cure for tilt.

For more information about the PCA itself take a look at the web site. Meanwhile get your trunks out of mothballs, and good luck this weekend.

Stephen Bartley is a staff writer for the PokerStars Blog.

California Lottery Gambling on Warner Brothers Recording Acts

Warner Brothers music acts are the newest to lend their names and pictures to lottery gambling, because the California Lottery releases new scratch-offs.

The latest linkage for a state lottery involves musicians, as Warner Brothers Records announced a deal to add its recording artists on new games from the California Lottery. Lotteries have expanded recently to add NFL sports teams, classic movies, and now rock stars, allowing players gambling choices featuring their favorite acts.

Among the acts to be able to be carried on California scratch-off games are Seal, Michelle Branch, the Goo Goo Dolls, and Taking Back Sunday.

All tickets that fail to pay a cash prize will give players a second chance at gambling for a pleasant prize. Those tickets can also be entered by purchasers right into a random drawing to be conducted online, with the grand prize being a visit to a summer music festival next year, all expenses included. Another 2400 contestants will win 100 free music downloads each.

A $2 ticket within the Warner Brothers scratch-off games pays $10,000 because the top cash prize.

"Our players have expressed great interest in music-themed prizes," said California Lottery Director Joan Borucki. "This game, coupled with our interactive Web site, will bring a brand new level of playing to our customers."

Published on September 20, 2009 by VirginiaMaddox