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U.S. Virgin Islands Can Offer Online Gambling

U.S. Virgin Islands Can Offer Online Gambling

The U.S. Virgin Islands may soon have the ability to offer online gaming, but many caveats abound. (Image supply:

Many Americans understand the U.S. Virgin Islands for summer and beautiful beaches that they are able to visit without needing to get yourself a passport. But because of a ruling that is recent the islands’ Attorney General, this vacation spot may soon become just as well-known as a home for on line gambling.

Attorney General Weighs In

V.I. Attorney General Vincent Frazer issued a viewpoint to many other Virgin isles officials, stating that the 2001 V.I. law that allowed for Web gambling companies to operate in the country wouldn’t normally clash with any laws that are federal the usa, and thus the law could finally be utilized to permit the territory to host Internet gambling companies. So far, the territory had held off on actually permitting any online gaming to go ahead, because of warnings issued from the federal government.

However, as is generally the case in these situations, things aren’t quite that clear cut. The law just enables two companies to operate as ‘master service providers’ in the territory, shutting out any other operators that are potential. And one or more of those companies states that they’ve lost a majority of their investors in the 12 years considering that the legislation has passed away, due to the uncertainty around if they’d ever be in a position to provide Continue reading U.S. Virgin Islands Can Offer Online Gambling

Hit With Crisis After Crisis, Caesars Struggles to Keep a level Keel

Hit With Crisis After Crisis, Caesars Struggles to Keep a level Keel

Caesars Entertainment is devoid of a good week after being hit with numerous crises; any resemblance of Nero here to company CEO Gary Loveman is solely coincidental.

Then Caesars Entertainment Corp. is doing just fantastically well if the old adage that bad publicity is better than no publicity holds true. By just about any measures, however: not so much.

As if being forced for PR reasons to cut ties with its Las Vegas Strip hotel that is new casino task partner Gansevoort and bailing from a $1 billion Boston-area casino project with racetrack Suffolk Downs weren’t sufficient, the casino giant has become reportedly the topic of federal inquiry into potential violations of the financial institution Secrecy Act at Caesars Palace, their flagship Las Vegas property. Then add a bizarre and shooting that is random of Drai’s at Caesars-owned Bally’s in Las vegas, nevada, a tragedy that left one patron dead who ended up being trying to tackle the gunman, along with two security guards wounded. And lastly, a baby that is newborn body apparently found behind Planet Hollywood on the Strip in the same week might are making it seem like the Apocalypse had landed in Caesars’ yard ahead of schedule.

Problem After Problem for Caesars

Of course, the company’s industry-high $23.5 billion debtload that is long-term not even news anymore; it’s just become a huge yoke that Caesars now carries around wherever it goes thes Continue reading Hit With Crisis After Crisis, Caesars Struggles to Keep a level Keel

Toronto Region Casino Opportunities Dwindling As More Doors Slam Shut

Toronto Region Casino Opportunities Dwindling As More Doors Slam Shut

Apparently, Toronto and environs are lower than worked up about getting a swank casino resort like this Oxford rendering depicts.

O Toronto, Canada! You do not seem to cotton an excessive amount of to the concept of a casino, do you?

Toronto and outlying areas have been earmarked and several designers have actually expressed fascination with the area for making a resort casino, but it would appear that planners are operating out of locations that might be willing to accept a casino within their neighborhood. The area that is latest to block a casino is Vaughan, which has now voted against the notion of creating a casino here.

Vaughan Just Says No, Narrowly

The town of Vaughan rejected the casino plan in a vote that is 5-4. Even though vote had been very close, it echoed the results in other towns and cities in the Greater Toronto Area (GTA), as two others have already rejected such an idea while the two remaining places look unlikely or at the least uncertain allowing a casino within their city limits.

Vaughan joins Toronto and Markham City as having formally refused casino deals. Toronto’s vote was the most infamous of all, as inspite of the support of Mayor Rob Ford, the city council rejected a downtown casino by a vote that is 40-4. That ensured that the issue would not be coming up again in the forseeable future. Markham’s vote was also one-sided, though by the less dramatic margin of 9-4.

O Continue reading Toronto Region Casino Opportunities Dwindling As More Doors Slam Shut

Gaming Almanac Figures Show Casino Revenues Growing Across US

Gaming Almanac Figures Show Casino Revenues Growing Across US

There have now been lot of the latest casino spaces across the U.S., and general, profits are accelerating. (Image source: Indian Country Today)

If you are in the us these days, then you aren’t too far far from at the least one casino. It’s no secret that there’s been casino that is massive all over the united states over the last decade, as more and more states have wanted to money in in the prospective revenue streams that brick-and-mortar gambling can bring. And according to the latest reports, that tactic seems to be working for many of them.

The 2013-2014 North American Gaming Almanac was released this week, bringing more specifics of actual figures to light. The report that is annual the nation’s video gaming industry includes a state-by-state breakdown of the revenues each state brings in from gambling, including how those figures have changed over time.

Nevada Not Soaring

For many states, according to the report, the news is fantastic if you started by looking at Las Vegas though you might not know that. In Nevada, gambling revenues endured at $9.8 billion in 2000, but after rising for quite a while, they took a hit following a 2008 recession. Meaning that in 2011, Nevada had been once again bringing it— $9.8 billion from gambling in you guessed. Brand New numbers for Nevada do look more promising, though, aided by the state recording a 7.4 % increase in year-over-year revenues in September, in Continue reading Gaming Almanac Figures Show Casino Revenues Growing Across US