Cluedo Pays Big at Coral Casino
Source: http://www.bestukcasinos.co.uk/news/cluedo-pays-big-at-coral-casino.html
Atlantic City casinos were supposed to be undergoing a re-birth this year. Several casino were in the proce4ss of being renovated, while others were knocked down in the hopes of building bigger and better facilities.
Reality has not turned out to be in line with the expectations for 2008. The economy has driven a stake through the expansion plans, and the existing casinos are struggling mightily.
November revenue figures have been released and Atlantic City casinos have once again seen their revenue figures decline. They are down over seven percent from the same month a year ago.
The casinos won $345.5 million in November this year. Their slot revenue took a dive, down over twelve percent. The $228.4 million was due largely to the economy and expansion of casinos in neighboring states.
Nine of the eleven casino review in Atlantic City saw decreases in their figures. Of the two that had increase, however, there was optimism surrounding the future of casino gaming in the state of New Jersey.
"We have some level of optimism from our hotel occupancy numbers,’ said Senior Vice President and General Manager of Caesars Atlantic City. The casino was one of the two who had increases in their online gambling revenue numbers. Their figures were up almost nine percent over last year.
Source: http://www.casinogamblingweb.com
The leading business website and community for casino affiliate marketers, CasinoAffiliatePrograms.com, has launched the inaugural edition of CAPTV. CAPTV is a high-definition iGaming channel designed to bring weekly casino review and updates to the 8,000 plus members of the CAP community.
“After weeks of preparation, CAP TV is ready for its big premiere,” announced Lou Fabiano, CasinoAffiliatePrograms.com’s founder and president. “We’ve worked hard to create a high-definition online top casinos iGaming affiliate marketing resource that reflects the quality of the CAP brand. And, we’re proud to offer our community of nearly 8,000 members — as well as anyone else interested in the iGaming industry — a front row seat to this historic moment in the world of online gaming affiliate marketing!”
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Source: http://www.onlinecasinonews.com/ocnv2_1/Article/article.asp?id=19344
”Change is on the Cards,” a 1,000-page report released Saturday by Global Betting and Gaming Consultants, indicates that the current economic crisis could be a boon for online casino gambling.
According to the report, the world gambling market is set to grow from $345 billion in net profit in 2007 to $433 billion by 2012. However, the GBGC cautions, this growth will be primarily in the Internet-gambling industry and will be offset by a negative trend in land-based casinos’ profits.
“The slowdown in the USA,” GBGC Chief Executive Warwick Bartlett said, “will hit the pockets of Americans, and Las Vegas will feel the effect of that along with high energy costs and a transportation system reliant on road and air travel.
”The U.S. has not invested sufficiently in high-speed rail, and destination resorts, going forward, will suffer as the cost of carbon-based fuels continues to be an issue of cost and supply.”
Bartlett’s projections seem almost epimethean considering the bad news out of Vegas these days. Sin City staple Foxwoods Resort Casino has reportedly laid-off 700 employees, after hiring some 2,000 personnel to staff its MGM Grand expansion. Meanwhile, high roller Las Vegas Sands’ shares slipped to a 52-week low Friday, prompting the company’s CEO, Sheldon Andelson, to cut a $475 million personal bailout check of his own.
But Bartlett also opined that the U.K. casinos gambling establishment is ill equipped to avoid the bear market’s claws. Although British consumers are better off for the British industry’s probity, social responsibility and the value they offer, he says U.K. books have lost their chance to attract international consumers.
”The bookmakers in October 2001 did a deal with then-Chancellor Gordon Brown to repatriate their Internet casino gambling sites back to the U.K.,” Bartlett said. “Now bookmakers are losing market share to offshore operators and the government needs to rethink its strategy.”
Bartlett said the winner in this craps shoot seems to be primarily offshore books, who have been able to reinvest their tax savings into marketing to draw off other books’ customers.
“The current ‘gentlemen’s agreement’ is not working in my view,” Bartlett said. ”The U.K. is missing the chance to create jobs, wealth and taxation in a sustainable industry.”
As for the EU, “Change is on the Cards” forecasts that the European online-gambling market will expand as the European Courts of Justice ruling that gamblers are entitled to the same guarantees of choice and value begin to sink in with EU member states.
At the same time, the Asian market, the report says, will continue to benefit from expansion like the two major casinos springing up in Singapore. And loosening gambling laws in nations like Japan— which the report projects is only five years away from legalizing gambling—will add thousands of new consumers to the market.
Yet, while economic woes seem to be at the crux of such trends, the report credits consumer preference with online gambling’s rise. Falling broadband prices and an ever-encroaching ban on smoking in land-based European and U.S. online casinos has created the ideal climate for online operators.
Source: http://www.gamblingplanet.org/Good_Times_For_Online_Gambling
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