ONLINE VEGAS NEWS

If you are new to casinos the first thing that you need to learn about casinos is the rules that they are very particular about. Remember these rules are designed to protect both the casino and the player that is you, so you need to make time to know all the rules of a casino. The first thing that you need to do even before you give visiting a casino a serious thought is to contact them. Feel free to ask for their house rules copy and you will find them to be more than happy to help you. Read more…

I felt a chill down my spine when I heard about the current plight of eCheckUS and I’ve been thinking what would happen to US online gambling if more and more fund processors fall victim to state and federal online gambling laws? Looks like both the federal and state laws are concentrating more on online gambling industry even as talks of online gambling legalization is going on in the US. Read more…

The Online Vegas Casino is powered by Vegas Tech Software and is open to all US players. Hence all the financial transactions are done in US dollars in this online casino. This is a download and instant play casino. You can play without any worry about the security and safety of your personal information and financial transactions. This is because Online Vegas Casino uses the 128 bit SSL encryption technology making their gaming environment completely safe for the players. It also follows the anti fraud policy and underage gambling policy to ensure that the gaming is very fair. Read more…

Well, Vegas Technology online casino software decided that it is time to make their players develop their skills of another kind. Oh, no you need to have more than gaming skills to be part of the new online casino slot game that has been released by Vegas Technology. The name of the game is Wataa and you need to be a master of martial arts to survive this game. Read more…

There has been a lot of talk going on about the legalization of online gambling in the US. For years now online gambling has seen a series of ups and downs. But now the legalization journey has made some headway. With the news of the Reid Bill, there has benn speculation about which states would be applying the bill to have relaxed regulation of onlinr gambling and how fast these states will be implementing it. It looks like all roads lead to Vegas in this matter because a majority of the speculations refer to the State of Nevada and its pro gambling regulatory regime. Read more…

What could be a better online casino for American players than Vegas Technology’s Online Vegas Casino? This online casino brings you a virtual Vegas like you have never experienced before. It is not just the Vegas experience that brought me to this casino but the awesome welcome bonus and it is sure to put a smile on your face. Online Vegas Casino is one of the best casinos to be associated with when it comes to safety as it is licensed in Curacao and is a member of the Curacao Internet Gaming Association. Read more…

Online Vegas casino was the center of attraction for all online casino enthusiasts with the announcement of the week long Labor Day Slots Freeroll which started in the first week of September. This tournament came with a winning prize of a guaranteed $100,000. All that you have to do to be a participant of this Online Vegas casino tournament is to have a real money player account. The game of choice for this tournament is California Gold slot. The best aspect about being a part of this tournament is that you do not have to make any deposits. Read more…

LAS VEGAS, Nevada — As reported by KLAS-TV: “Strip casinos have been struggling lately to keep up their gaming revenues.

Vegas Online Gambling

Fewer people are visiting Las Vegas and that means even less are gambling. But could the cure for the downturn be reaching out to would-be gamblers in their own homes?

“Online gambling sites offer the same variety of games that most Strip casinos do — from sports betting, to poker and even bingo.

But current laws keep online gambling out of the U.S., something that many casinos supported. But some are now seeing it as an opportunity.

“The trip to the casino would be only a clink away, and the tables are filled with eager players.

Online casinos have been giving gamblers a place to play without the trip to Las Vegas for years, but play is neither legal nor regulated.

“…When the sites first began in the 1990’s, the big casinos feared they would take away players, but now they are seeing the possibilities.

If the laws are changed, existing casinos would likely be licensed before foreign based sites, opening the door for big names like MGM and Harrah’s to reach new gamblers.

“‘Having legal online gaming would really help the Strip casinos with their marketing. It would help them find out who is gambling out there,’ said David Schwartz with UNLV’s Center for Gaming Research…”

LAS VEGAS, Nevada — Phil ruffin said he was bored.

The Wichita, Kan., businessman, who sold the now, demolished New Frontier 19 months ago for $1.2 billion, had an itch to get back into the casino business.

Las Vegas Casinos

It took him just three weeks to negotiate a $775 million purchase of Money Island from MGM Mirage. The deal was announced Monday.

Ruffin, 73, will pay MGM Mirage $500 million in cash and $275 million in secured notes. The transaction, which needs endorsement of Nevada gaming regulators, is anticipated to close by the end of June.

Ruffin, who is ranked 215th on Forbes Magazine’s list of the 400 richest Americans, said Monday he had been advance in municipal bonds, stocks and other public markets, which headed south in the present economic crisis.

“I didn’t like that business. I required to get back on the Strip with a major property,” Ruffin said. Treasure Island, which was built by Steve Wynn for $450 million in 1993 as a sister resort to The Mirage, caught his eye.

MGM Mirage acquired the 2,885-room hotel-casino in 2000 when the company bought Mirage Resorts for $6.4 billion.

The gaming conglomerate updated the resort in 2003 and changed the theme from families toward a more adult-oriented audience.

The hotel-casino was marketed as TI. The mock pirate battle that took place out front of the property in Buccaneer Bay was replaced by “The Sirens of TI.”

Aussie billionaire moves closer to Cannery purchase

8 January 2009

by Arnold M. Knightly

Las Vegas Gaming Wire

LAS VEGAS, Nevada — Australian billionaire and casino investor James Packer is one step closer to getting his long-desired foothold in the U.S. gaming market.

Gambling News Articles

The Gaming Control Board on Wednesday recommended approving Australia-based Crown Ltd’s bid to buy Cannery Casino Resorts for $1.8 billion in an all-cash transaction.

The company is scheduled to appear Jan. 22 before the Nevada Gaming Commission for final approval.

The deal, however, will not close until Pennsylvania gaming regulators finish their investigation, which Crown Chief Executive Officer and Director Rowen Craigie said should happen in the next few months.

“We look forward to the opportunity to be part of the casino industry in Las Vegas and Nevada,” the 41-year-old Packer, Crown’s chairman and largest shareholder, told regulators.

Craigie said the company pursued the purchase because it expects long-term growth in the locals gaming market.

The company will focus on improving the Cannery through its experience with customer loyalty programs, customer service initiatives, slot and poker products, and employee training and development, Craigie said.

Crown owns and operates properties in Melbourne and Perth, Australia; the United Kingdom; British Columbia; Alberta; and Macau.

Cannery Casino Resorts will be held as a subsidiary of Crown Ltd., which is publicly traded on the Australian Securities Exchange. Craigie said a new Las Vegas-based senior management team and board will be formed to oversee the Cannery’s operations.

The board will report directly to Craigie, who will probably have a board seat, he told regulators.

William Wortman and Bill Paulos, industry veterans who formed Cannery Casino Resorts in 1996, will remain as advisers for six months after the opening of a Pennsylvania racino, which is scheduled to be completed in April. Both will also remain as directors of the company.

“Obviously, the two Bills bring a wealth of experience in running the existing Cannery operations,” Craigie said. He said many of the properties’ managers and employees will remain with the company after the transaction.

The Cannery Casino Resorts owns the Cannery in North Las Vegas, the Eastside Cannery, which opened in late August, and operates the Rampart Casino at the JW Marriott at Summerlin.

Crown also has a 19 percent “passive” interest in Fontainebleau, with no operational input or board seats, Craigie told regulators. It also owns 2.5 percent of Harrah’s Entertainment and 4.9 percent of Station Casinos, but wrote down the majority of its $414 million combined investment last year.

Packer, who controls 38 percent of Crown, is intensely private. He reportedly checks in hotels under assumed names, and arrived minutes before the start of the 9 a.m. meeting. He departed quickly after the hourlong hearing.