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The Aroma of the Mob

The Mob has long since given up direct investment in casinos, but the mentality of the Mob still lingers with the leadership of various casinos. On December 28, 2016 an alleged Mobster told a person who owed $30,000 to a… Read more

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Kentucky Update

Time for a look at events in the “Horse Capital of the World.”   Our struggling horse track that “needs casinos” is planning a $37 million expansion. The expansion calls for 36 additional luxury suites, 1800 more seats next to the… Read more

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Nevada Gambling Accounts

QUIZ: What is the purpose of gambling regulations in Nevada? a) To make money, b) To make money, c) To make money, d) To make money. Did you get it right? The Gaming Control Board is asking the Legislature to… Read more

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Nevada Wagering Accounts

QUIZ: What is the purpose of gambling regulations in Nevada? a) To make money, b) To make money, c) To make money, d) To make money. Did you get it right? The Gaming Control Board is asking the Legislature to… Read more

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Illinois lawmakers call for investigation

A week ago the Chicago Tribune reported that the Illinois Lottery had not awarded 40% of the biggest prizes. The games started in mid-2011 and several of seventeen big games did not award at least one big prize, and three… Read more

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Gamblers and Integrity

These two words do not ordinarily fit together. The longer you bet in a casino or on the Lottery the more likely you are to be a loser. There are many ways the gamblers scam the players. One of the… Read more

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Rhode Island casino seeks greener pastures

A casino plan to move from Newport, R.I. to Tiverton won locally by just 368 votes, but won easily state wide. The casino corporation spent $3 million on the election, gainst no formally organized opposition. The move for the casino… Read more

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Do casinos improve lives? The Atlantic forcefully says no

The Atlantic, one of America’s most influential magazines, has ripped the curtain off predatory gambling in its December edition. It’s one of the most compelling and revealing stories ever written about the issue. Please read it and then share it… Read more

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Gambling over the Internet Part II

As we noted in Part I while the two largest companies, Draft Kings and Fan Duels, received over $3 billion in “entry fees” in 2015, they did not make a profit. They were plagued by employees playing on the other… Read more

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Illinois is Slipping into Addiction

Illinois is slipping away into the depths of gambling. Innocent eyed reporters who believe everything they are told by a nice suit, are reporting on the “hot hand” the video gambling machines have in the state. There are 24,000 of… Read more

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Casino Stagnation

The carpet may be a little more garish, the machines a little fancier, and money a little easier to access from the casino floor. But basically they are still offering slots and table games. When the recession hit is 2008… Read more

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The Casino Trap for the Elderly

There is no doubt that casinos target the elderly. Seniors have access to money until they run out. They respond positively to attention they do not get at home. They come during the day which is often a slack time… Read more

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Millennials have low interest in Gambling

The Millennials are defined as those born between 1980 and 2000 A.D. They constitute the largest group of the population, over 83 million or 25% of the U.S. population. The next largest group are the Baby Boomers at 75 million… Read more

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Blog No 100 New Lottery Game

The Georgia Lottery has launched the latest gimmick to lure players. This time they are after the Millennials and their Smartphones. For $2 per play the person buys a chance to win up to $10,000 electronically. The game was released… Read more

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Why Sheldon Adelson Opposes DFS

Sheldon Adelson is the owner of the largest gambling empire in Las Vegas, the Sands. He is the main mover behind the $1.9 billion football stadium planned for Las Vegas and the move of the Oakland Raiders to Las Vegas…. Read more

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First three days of the Keeneland Fall Yearling Sale

Today, I am noting some interesting bits from the first three days of the Keeneland Fall Yearling Sale. The first day held no surprises. Buyers were still looking for good horses at moderate prices. Only one horse sold for a… Read more

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Australian Children Influenced by Gambling Ads

Deakin University researchers found a big impact of gambling ads upon children watching football games (we call it soccer) on TV. The kids understand the various betting options during a game and have the impression that if you play the… Read more

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Blog No 88 Ohio Losses

Ohio now has four large casinos, racinos at seven racetracks and a large lottery. Over the past four years Ohioans have bet $62.9 BILLION at these venues. They lost $9.7 BILLION meaning that 84% of what was bet was returned… Read more

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Italy Expands Gambling and Damages Economy

Italy provides a cautionary tale about where the ever expanding American gambling efforts are leading us: recession and a gambling addiction disaster are the end result. Italy has reached the desperation point after two decades of expanding gambling. At first… Read more

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Las Vegas tightens its belt, and yours too

And you thought that just those playing the daily sports fantasy games, or the lottery’s new Keno games, or the new casinos in Massachusetts, or the casinos at the racetracks were the only ones being hurt. Not so. Las Vegas… Read more

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High Tech Wagering

You will never guess how high-tech wagering in entering the US. Through horse-racing!!! Only New Jersey has approved it so far, although it has also passed the California and New York Legislatures, although the tracks are resisting. You can bet… Read more

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Skill Based Slots

The next wave of slots will have an element of skill involved, which will slightly increase the player’s chance of winning. The goal is to entice younger players who largely shun regular slot machines.   The difficulty is to provide… Read more

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New gambling for kids

Now we have a “weird” new $2.3 billion gambling game involving garish virtual assault rifles. The latest scandal involves “video game weapon skins” available to any age including kids using parents credit cards. The video gaming world based on “Counter-Strike:… Read more

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Atlantic City Casinos

Atlantic City was reduced to eight casinos after it lost four in 2014 and 2015. It is supposed to get back to nine as The Revel was to reopen on June 16. I have yet to find where that is… Read more

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Results of the expansion of racinos

Two decades ago there were only a handful of racinos and the tracks were enjoying their best days. In the intervening years the tracks pleaded that they needed slots at the tracks to remain viable. Over the past twenty years… Read more

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Need for legislatures to rein in the excesses of casinos

Former President Bill Clinton once floated the idea of a 2% federal tax on casinos. He drew such a storm of criticism from gambling governors and casino owners that there were two results. Clinton withdrew his proposal and the American… Read more

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Business and Gambling

  One of the greatest mysteries of any campaign to introduce slots at a tracks or to open a new casino is that the local Chambers of Commerce lends their support to the gamblers.. The reason this is a mystery… Read more

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Downtown Atlanta Casino

As usual, the casino owners are touting taxes and jobs as they woo downtown Atlanta as a new potential site. It will be an expensive proposition with high land costs, expensive building costs and other problems, so the initial proposal… Read more

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Illinois Creates Addicts

Back in October 2015 Keith Whyte, director of the National Council on Problem Gambling, called the Illinois video gambling law ”perhaps the worst model for legalized gambling in the country right now.” Whyte further pointed out that there is no… Read more

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Massachusetts Lottery

Once again Massachusetts tops the lottery sales charts with sales over $5 billion last year. The individual sales average was $740 per capita, with 50 communities (lower incomes) topping $1000 per capita. A total of $3.6 billion was paid out… Read more

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Vegas Sportbook Underpays Winners

Are you surprised?  Sometimes the regular percentage for gambling establishments is just not enough.  Cantor Gambling (CG) operated sports books at The Venetian, Cosmopolitan, Tropicana, Hard Rock, Palm, Silverton and the M.  In 2014 CG reached a settlement with The… Read more

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Tightening the screws on the poor gambler

 ANOTHER TURN OF THE SCREW The hottest new thing in Australia where citizens gamble more per capita than any other country is the casino debit card account. The bettor places money on the card and then can use it for… Read more

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Consumer Protection

  Electronic gaming machines do not need to comply with consumer protection laws in any state. Regulators turn a blind eye to any features that would be misleading or deceptive in any other business. This has always been the case… Read more

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DFS Predators have little concern for the addicted

Peggy Noonan, the noted political analyst, wrote a powerful article in the Wall Street Journal on February 25, 2016. She described two groups, the protected and the unprotected. The protected make public policy. The unprotected have to live by it…. Read more

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Growth of Daily Fantasy Sports Games

Perhaps you are tired of my writing about DFS games again,.This is the fastest growing expansion of gambling at the present time, therefore worthy of attention. The top two companies attracted approximately $3 billion dollars in “entry fees” commonly known… Read more

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Reducing Unfairness of the Massachusetts Lottery

  The Boston Globe published an interesting editorial, calling for the scaling back of the MA Lottery. The editors call the Lottery an “economic burden on those who can least afford to shoulder it.” The average resident spends about $700… Read more

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Skill Based Slot Machines

  The search for new ways to draw in players who may become addicted and a new source of revenue never ends. Casinos are now preparing for skill based slot machines. They are currently in the testing stage. The target… Read more

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Fantasy Sports Games Work on their defense

  As attacks against daily fantasy games (DFGs) have increased, so has their defensive strategy. While they are struggling against New York’s Attorney General, other states have proved to be softer targets, if the states have more poorly written laws…. Read more

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New York Battles Fantasy Game Companies

NEW YORK BATTLES FANTASY SPORTS GAMES Things are moving fast in the world of fantasy sports as the states move to shut things down. Back in December after the New York Attorney General ordered a shut-down of the two largest… Read more

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Citigroup shuts off Fantasy Games

CITIGROUP AND FANTASY GAMES On February 5, 2016 announced it was blocking payments from credit and debit cards to FanDuels and DraftKings fantasy sports game sites from New York patrons. The New York attorney general has declared the sites to… Read more

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