Koolbit Partners with Cozy Games for UK Mobile Phone Casino Launch

Excessively of A good thing? US Casinos Are Maxing Out

A long time ago, if you wanted to gamble in America, you made the trek out to Las Vegas, and a glamorous and exciting trek it had been. Then Atlantic City got on board, and tribal casinos launched at various locales across the country. The poker boom hit, and everyone and their mom wanted to open US casinos and drive the wave that is tidal. A combination of changing mores and also the addictive excitement of gambling on tables and devices swept America and suddenly, it seemed like every state desired to legalize what had when been largely forbidden. Dazzling profits and thousands of created work opportunities probably did not hurt the rise in video gaming homes either.

But those days appear to own struck a sinkhole into the road: experts are actually saying that the US casino market is overbuilt, and approaching complete saturation.

Too Competition that is much Enough Differentiation

What’s caused the unpredictable manner? According to University of Nevada, Reno teacher Mark Nichols, it’s become one thing of the fast-food-that’s-all-the-same environment for United states casinos. Nichols says that casinos have actually lost their ability ‘to out-entice somebody, because everybody is pretty much equivalent, and everybody is on the playing field that is same. [So] then it just comes down to location.’ Fitch gaming analyst Alex Bumazhny told Bloomberg previously this month that the American brick-and-mortar casino marke Continue reading “Koolbit Partners with Cozy Games for UK Mobile Phone Casino Launch”

Chang Takes Down WPT Event for More Than a Million

Okada to Meet with Gaming Control Board Over Foreign Payments

The Nevada Gaming Control Board has called in Japanese billionaire tycoon and previous Wynn director Kazuo Okada, along with three other directors of his Universal Entertainment Corp., for a closed-door hearing in a few days. It is all right component of the Control Board’s ongoing investigation into allegations that $40 million in payments was made to Rodolfo Soriano, one of Universal’s casino project consultants into the Philippines. Probably the insinuation is that Soriano received the cash to grease some Filipino palms, but we’d never ever imply such thing, of course.

We could only report that both the FBI and the Philippines’ comparable, the National Bureau of Investigation, were having a look into the matter to see if anything improprietous was done. Universal Entertainment has maintained that it acted lawfully in the Philippines; after all, who does not give their consultants $40 million being a token of the esteem?

Meanwhile, no body’s commenting: not the Nevada Gaming Control Board and certainly no one from Universal Entertainment. Possibly that’s why they call it hush cash.

No Wrongdoing Alleged

This might be where we have to explain that no body has really or officially been accused to do anything, particularly anything wrong. But you can see how it may look funny is all.

All this falls on the heels of Okada’s recent resignation slash firing from the Board of Directors of Wynn Resorts; sensing he was Continue reading “Chang Takes Down WPT Event for More Than a Million”