Kansas Casinos Confirm Wizardly in Gaming Revenue Growth
There’s no place like home for gross gaming revenue; at least in line with the American Gaming Association’s (AGA) 2012 annual commercial casino market report. The fastest-growing state is: Kansas while Vegas and Nevada continue to lead the field in pure gaming revenues. Kansas? Yep, Kansas. Who even knew that they had gambling enterprises in Kansas? Maybe you just can not see them through the wheat industries.
Beating out New Jersey (a continuing suggest that has actually been on tilt into the gaming arena of late), Pennsylvania, New York, and even Ca, Kansas really could possibly be the Land of Oz whenever it involves getting casino customers, it appears. Maybe Glinda, the Witch that is good dropping them from her magical bubble. Maybe there’s just not a complete great deal else to accomplish there.
We’re not talking about doubling or even tripling in development here; nope, Kansas’ gross gaming revenue jumped an unbelievable 603.7 per cent in 2012. Maybe they’re handing out poppies into the casinos, but long lasting good reason, casino revenues went from $48 million in 2011 to $341 million in 2012.
Most of the enhance is actually due to more casinos having been built and exposed within the past few years. Kansas just made casino gambling legal in 2007, and by 2009, it still had just two casinopokies777.com casinos to show for itself. Now there are six, and also the state’s treasurers must up be jumping and down li
ke flying monkeys in jubilation (someone stop us).
2012 Good Year
Although nobody could top that 603 percent hike, 15 away from 22 states that have commercial gambling enterprises did see more revenue stream from their website in 2012 vs 2011, in accordance with the AGA report. Maryland did nicely, by having a 143 percent growth spurt, which translates to $377.81 million year that is last to $155.7 million last year. Plus in other odd states for gaming growth, Maine held a unique with a 66.9 % leap: $99.2 million in 2012 vs. simply $59.45 million the 12 months prior.
The news that is best yet for the casino business is the fact that, based in the AGA report, the acceptability of casino gambling has hit an all-time high of 85 percent with Us citizens, who see it as acceptable both for themselves and other people.
Now on board with the 21st Amendment that ended Prohibition back in 1933, Kansas could be a helluva fun place to visit if we could just get them.
Temporary Block Placed on Alternate Bid for New Jersey’s Atlantic Club
As the continuing saga of PokerStars’ attempted entree into the Atlantic City casino market unfolds, Rational Group US Holdings, the parent company associated with online poker site, successfully gained a court order that places a temporary block regarding the Atlantic Club casino-hotel owners from selling the venue to some other bidder.
The court that is temporary bars the owners of the casino venue, Colony Capital LLC, from offering up to and including new interested celebration prior to a brand new Jersey Superior Court hearing set to take place in mid-May.
Deal Called Off
The PokerStars owners filed a complaint because of the court following Colony Capital LLC’s statement that the pending sale associated with the casino to Rational Group was down after the gaming operator’s brand New Jersey casino license approval ended up being delayed beyond their originally agreed-upon deadline.
Rational Group claims the purchase agreement took into account the possibility of a delay in processing the permit application if regulators needed distribution of more info, and insists that Colony Capital LLC has now acted in bad faith.
Contributing to Rational’s arguments is the fact that they advanced the club $11 million make it possible for the economically struggling venue to maintain with its bills, after being told by the Atlantic Club they had liabilities greater than $30 million in unfunded pensions, and is forced into bankruptcy if the sale did not advance.
Prior to the present termination of the deal by Colony Capital LLC, the PokerStars parent company reportedly approached the investment firm about an expansion on the closing date of the purchase agreement on April 23rd, and presented a written proposal the following day to just take regarding the workers’ compensation claims contrary to the Atlantic Club, most likely as being a gesture of goodwill in the hope of gaining favor to expand the deadline.
More than a Barrel
The Atlantic Club apparently felt that they had Rational over a barrel, and on April 26th offered to extend the due date by just ten days if they decided to pay an additional $6 million, while the club retained the right to talk about the sale with other interested parties during this extension period that is ten-day.
As they wished to terminate the purchase agreement, and formally declared the termination of the agreement on May 1st, even after Rational had offered to pay an additional $4 million if they hadn’t kicked enough dirt into the faces of the PokerStars owners, Colony Capital LLC approached the operator the very next day, saying.
Atlantic Club must respond to the court on all of these presssing issues by mid-May.
Phil Ivey Says ‘That’s a Crock’ to Britain’s Oldest Casino
Phil Ivey, the poker pro so good he’s been termed the ‘Tiger Woods of Poker’, has popped up into the press after filing a £7.3 million ($12.1 million) lawsuit against the casino venue that is oldest in Britain, Crockford’s Casino.
The poker legend claims the exclusive London-based casino is refusing to payout the £7.3 million in winnings to him which he won throughout a personal game of punto banco, a form of baccarat, final August during the place.
Punto Banco Wins Unpaid
As if being thought of as the most successful player in poker isn’t sufficient for the nine-time World Series of Poker bracelet champion, Ivey is said to have pocketed a $14.6 million fortune from playing punto banco, placing him sixth in the highest earner ranks of the card game. But that by no means proposes the basic idea he will let Crockford’s Casino get away together with winnings.
‘we have always been deeply saddened that Crockford’s has left me no alternative but to proceed with legal action,’ said Ivey in a declaration presented by their legal team, incorporating that he has won and lost huge sums of money at the location in the last, and has always honored his commitments.
The rockstar of poker reportedly lost £500,000 (approximately $750,000) playing high stakes punto banco with a young lady on his arm and continued, at the agreement of Crockford’s representatives, to play for £150,000 (more than $230,000) per hand to try to dig himself out of the hole on the night of the big win. He then proceeded to turn their losings into a multimillion pound win in simply seven hours of play.
Crockford’s withheld Ivey’s winnings, but did issue him a receipt, stating that they needed seriously to conduct an internal investigation, yet not actually divulging the details of just what exactly they were investigating.
A spokesman for Genting, the firm that is malaysian now owns Crockford’s, stated that their position, ‘which is supported by strong legal counsel, has been made very clear to Mr. Ivey’s solicitors from the beginning. We shall be filing our protection shortly’.
Because the game itself involves skill that is minimal and is believed to be very nearly impossible to cheat at, perhaps the owners of Crockford’s, whom are said to be viewing surveillance footage and questioning staff at the venue, are trying to locate Ivey’s lucky charm. Aside from Crockford’s suspicions, whatever they may be, you need certainly to really wonder who would go up against Phil Ivey in virtually any type of competition. All things considered, the man doesn’t appear to discover how to reduce.
FBI Used Taxpayer Funds in Undercover Legends Sports Sting
Some interesting brand new reports are losing light on the U.S. Department of Justice’s indictments against 34 people and 23 businesses in connection to on line gambling operator Legends Sports, alleging that those indicted had been offering online and telephone sports betting services from Costa Rica and Panama. The companies indicted have been accused of assisting the Legends Sports web site in getting funds from their players, most of whom were U.S. residents.
Now it’s come to light that undercover FBI agents taking care of the instance used funds that are federal place wagers on displaying events as one of their strategies to catch the illegal operators red-handed.
Termed ‘Operation Bad Luck’, the process involved undercover FBI agents infiltrating the illegal sports betting company to pinpoint suspected bookies within the Oklahoma area, with the agents acting as easy sports betting customers enjoying a wager or two. By the end of this operation, several thousand federal dollars had been utilized to spot wagers on sporting events by the undercover agents trying to bust the wrongdoers.
Those assigned to the investigation also met with suspected bookies in order to make transactions, such as spending losses or collecting winnings throughout Oklahoma City. The operatives met bookies in areas such as for instance parking lots, restaurants and bingo halls, as if acting out real-life variations of film scenes.
The indictments have lead to the Panamanian authorities revoking the license of Legends Sports, and those accused of the crimes which include money laundering, racketeering and operating an illegal gambling business could face between five and 20 years in the slammer after almost ten years of investigations. In general, the near-decade-long operation noises like a resounding success, also in case it is easy to picture the agents having a whale of a time placing bets with the hard-working taxpayers’ money.
A member of the FBI’s Oklahoma branch, stated that individuals ‘cannot skirt the laws of the United States by establishing up illegal gambling operations in a foreign country, while staying in the usa and enjoying the advantages of U.S. citizens. at enough time of the indictments, Jim Finch’ evidently they can, they just wind up getting caught.
The pulse of which is unlikely to stop beating completely any time soon since Legends Sports garnered over $1 billion since its inception back in 2003, (which the courts are now attempting to take away from them), the illegal sports betting world is clearly a lucrative business.