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How Regulated Gambling Can Boost the Economy
In recent years, there has been a lot of focus on the potential impacts of a legalised worldwide gambling market. As more and more countries and U.S. states start to regulate the market to their residents, there have been calls from both critics and supporters of its possible effects.
One major argument for supporters is the major boost real-money gaming can provide to the economy. Since back in 1850, when gambling was legalised in Macau, governments have been reaping the benefits of a licensed gaming industry.
Can Casinos Save Detroit?
Detroit's shaky foundation of recovery may be backed by placing bets behind its local casinos. A trial to approve Detroit's plan to exit its $18 billion bankruptcy, the largest municipal crash in U.S. history, begins in late July. Revenue projections needed to stave off bankruptcy may be too ambitious. Even though Detroit gambling taxes are a stable source of money, casino revenue has declined recently in Detroit in the face of competition with traditional gambling hubs like Nevada and New Jersey as well as relative newcomers to the wagering scene.
Established Gambling Destinations Like Vegas Faltering According to Moody’s
LAS VEGAS (Associated Press) — Established gambling towns like Las Vegas and Atlantic City are hurting as more states start welcoming bettors’ dollars, Moody’s Investors Service warned last week.
The credit rating agency issued a report describing a shift in casino tax revenues away from New Jersey, Indiana and Nevada to new markets in places like Pennsylvania, Illinois and Ohio.
Bally Reports Record 1st Quarter Profits
Bally Technologies, Inc. (BYI), a leader in slots, video machines, casino management, interactive applications, and networked and server-based systems for the global gaming industry, today announced record quarterly diluted earnings per share (“Diluted EPS”) of $0.93 and record quarterly revenue of $259 million for the three months ended March 31, 2013.
Dead Rapper in Vegas Strip Shooting Worked as a Pimp: Suspect Still on Loose
A rapper killed in a brazen Las Vegas Strip shooting last week reportedly worked as a pimp. Kenny Cherry Jr. (AKA “Kenny Clutch”) was shot while behind the wheel of his Maserati. He then slammed his car into a parked taxi killing both the driver and a passenger.
Las Vegas Oscar Odds Still MIA in 2013
Another year has come when Las Vegas will not be offering odds on the Oscars. 2013 may be the last time such wagering is prohibited. Note that online bookmakers the likes of Sportsbook.com do offer a wide slate of Oscar wagering.
Rapper Kenny Clutch, Not Howard Lederer, Victim in Vegas Strip Shooting
Rapper Kenny Clutch (real name is Kenneth Cherry Jr.) was the victim of Thursday morning’s shooing in the valet area of the Aria Resort and Casino that left two other individuals dead after Clutch’s out of control Maserati slammed into a taxi.
Chicago to Las Vegas Cheap Air Fares (December 2011)
For those of you living in Chicago looking for cheap air fares to Las Vegas in December, Gambling911.com makes life easier. These fares are Wednesday thru Tuesday, round trip and through O’Hare International Airport, unless noted otherwise. These flghts were listed on November 26 and subject to change.
