Category Archives: Gambling

Last week was quite eventful for the gambling industry with revenues for January rising marginally in Macau. Though this marked the sixth consecutive month of growth, following the extended slump of over two years, the slow improvement signifies that the recovery might not be that smooth.

On the other hand, the Nevada Gaming Control Board announced a decrease in revenues in the region in December.

In a separate development, Penn National Gaming Inc. PENN posted mixed fourth-quarter and full-year 2016 results. Though earnings compared favorably with Zacks Consensus Estimate, revenues missed the mark.

Gaming Industry 5YR % Return

Gaming Industry 5YR % Return

Recap of the Weeks Most Important Stories

1. Gross gaming revenues for January rose 3.1% on a yearly basis to approximately $2.4 billion or 19.3 billion patacas, per the Macau Gaming Inspection and Coordination Bureau. This marked the sixth successive month of gains, thereby continuing the revival in Macau.

However, the rise was below the 8% increase recorded in Dec 2016 and the median estimate of an 8.5% gain by Bloomberg analysts. New resorts continue to attract tourists and leisure gamblers, giving a boost to revenues. However, casino operators are bearing the brunt of cannibalization effect with the latest properties drawing in crowds at the expense of existing ones. Moreover, the January figures indicate that the Chinese New Year holidays, which began late last month, will not be as big of a boon as anticipated.

Notably, a tough operating environment in Macao weighed on the stock in 2015 and for the most part of 2016. Notably, the crackdown on corruption in China compelled Macau officials to impose restrictions on high rollers to stop billions of dollars from being siphoned off illegally from mainland China to Macau.

Consequently, this lowered footfall at local casinos. A slowdown in China, tighter visa policies, political unrest and a smoking ban on mass market gaming floors compounded the woes. In fact, the anti-graft corruption drive undertaken by the Chinese government is still keeping VIP gamblers at bay.

Nonetheless, efforts undertaken by Macau operators to revive revenues by wooing tourists and recreational gamblers with family-friendly resorts and more non-gaming facilities have started yielding results as evident from gambling revenue growth in the past six months. Thus, though the worst may be over but the slow progress suggests that Macaus recovery is going to be quite volatile and choppy.

2. According to the Nevada Gaming Control Board, Nevada gambling revenues dropped 2.7% in Dec 2016 from the year-ago period to nearly $956.1 million. The decline follows the fall in November. More specifically, casino revenues in the Las Vegas Strip which accounts for more than half of Nevadas total revenue were down 1.7% year over year in the month. However, Reno recorded a 14.1% rise in casino revenues.

3. Penn National Gaming posted fourth-quarter 2016 earnings of 5 cents, which compared favorably with Zacks Consensus Estimate of a loss of 14 cents. Meanwhile, the figure also improved over the year-ago quarters loss of 11 cents on the back of higher revenues. Moreover, results were significantly better than managements expectation of a loss of 15 cents.

Net revenue of $742.9 million increased 1.2% year over year due to a rise in revenues at South/West, Midwest and Other segments, partially offset by a decline in the Northeast segment. However, this Zacks Rank #5 (Strong Sell) company missed the consensus mark by a mere 0.07% and also fell slightly short of the managements guidance.

You can see the complete list of todays Zacks #1 Rank (Strong Buy) stocks here.

Price Performance

The following table shows the price movement of the major gambling stocks over the past week and the last six months:

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Company

Last Week

Last 6 Months

WYNN

-5.5%

-1.4%

LVS

-1.9%

3.2%

MGM

-0.9%

19.9%

MPEL

-3.8%

21.4%

MCRI

0.3%

2.2%

CACQ

0.7%

33.0%

BYD

3.5%

14.4%

Over the last five trading sessions, share price movement of the major gambling stocks witnessed a mixed trend. While Boyd Gaming Corp. BYD gained the maximum at 3.5% followed by Caesars Acquisition Companys CACQ rise of 0.7%, Wynn Resorts Ltd. WYNN and Melco Crown Entertainment Ltd. MPEL recorded a decline of 5.5% and 3.8%, respectively.

However, over the last six months, the price performance of gambling stocks has been predominantly positive. Among the stocks that appreciated the most were Caesars Acquisition Company and Melco Crown that gained 33.0% and 21.4%, respectively. On the contrary, Wynn Resorts recorded a decline of 1.4% over the same time frame.

Whats Next in the Gambling Space?

We note that gambling stocks have oscillated between gains and losses in recent sessions and with the earnings season in full swing, investors can expect this volatility to continue in the coming days.

Zacks' Top 10 Stocks for 2017

In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2017?

Who wouldn't? As of early December, the 2016 Top 10 produced 5 double-digit winners including oil and natural gas giant Pioneer Natural Resources which racked up a stellar +50% gain. The new list is painstakingly hand-picked from 4,400 companies covered by the Zacks Rank. Be among the very first to see it>>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Wynn Resorts, Limited (WYNN): Free Stock Analysis Report Boyd Gaming Corporation (BYD): Free Stock Analysis Report Melco Crown Entertainment Limited (MPEL): Free Stock Analysis Report Penn National Gaming, Inc. (PENN): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research

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Gambling Stock Roundup: Macau Sales Rise Again in January, Nevada Records a Drop in December - Yahoo Finance

LIMA A man charged with operating a gambling house could appear in court today to enter a plea to the charges.

Ghulam Khan, 45, of Lima, is charged with two counts of gambling and two counts of operating a gambling house after agents from the Ohio Investigative Unit raided his business, D & G Mini Mart, at 6459 Bellefontaine Road, Lima, looking for evidence of gambling, according to a statement from the unit, which is part of the Ohio State Highway Patrol.

Each charge is a first-degree misdemeanor and carries up to six months in jail.

The carryout also will face charges from an administrative standpoint of gambling, acquiring, possessing, controlling or operating a gambling device, game of chance for profit or scheme of chance, operating a gambling house and reckless permitting public gaming, according to the statement.

The administrative case will be presented to the Ohio Liquor Control Commission in the near future. Possible administrative penalties include fines, suspensions or revocation of a liquor permit, according to the statement.

Agents seized one quarter pusher machine during the raid and $659 in currency, according to the release.

Khan is scheduled to appear at a hearing at Lima Municipal Court.

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Carryout owner facing gambling house charges - Lima Ohio

The popular gamer avoided a jail sentence for running a betting site which made real money from gambling with FIFA Ultimate Team's virtual currency

YouTube gamer Craig Douglas, who performs under the nameNepenthez, has been fined for gambling offences involving the best-selling EA Sports video game FIFA.

Douglas, along with business partner Dylan Rigby, pleaded guilty to the charge of running a website which allowed gamers to gamble virtual currency from the FIFA Ultimate Team game mode.

VIDEO: French derby ends in violent brawl

Ultimate Team mode allows players to buy players with virtual coins, but Douglas and Rigby encouraged gamers to gamble these coins on real world football games, something they used to make a real-life profit.

Both men were charged with being officers of a firm that provided facilities for gambling without an operating licence, as well as being charged for theadvertising of unlawful gambling.

Douglas, who has over 1.4million YouTube subscribers, posted messages to his followers on Twitter following the sentencing, writing: "The worst year of my life concluded today. I have so much to say, but youll take whatever judgement you feel needed from the press.

"I want to thank all of those that have supported me through my journey. I would understand any viewers choice to no longer watch my content.I owe a huge apology to my family and close friends for putting them through this process, and appreciate all those that stood by me.

"I also owe a huge apology and debt of gratitude to my loyal supporters. Even if this is the end of our journey together, Im grateful.Ill upload a video in due course presenting my side of the story. The facts remain I plead guilty to two charges, and a substantial fine was the outcome. Id like once again to apologise to everyone and thank you all for being a part of my life. May our journey go forth."

Conte: I'm capable of murdering anyone!

Ultimate Team is one of the most popular modes in EA's major sports franchises, FIFA, Madden NFL, and NHL, where gamers can legally buy random packs for real cash in order to add players to their squads.

Last year, EA chief financial officer Blake Jorgensen told a Morgan Stanley investor conference that Ultimate Team was worth $650m in revenue each year.

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Famous YouTube FIFA gamer fined for gambling offences - Goal.com

fox6now.com

One of the biggest gambling days of the year: Super Bowl Sunday brings big temptation for gambling addicts fox6now.com MILWAUKEE The Super Bowl is the biggest sporting event of the year, but with the good there is the bad. It is also one of the biggest betting days of the year and that could be a problem. gambling. The Super Bowl can bring losses to those betting ... One Super Bowl LI gambling scenario where no one wins their betFOXSports.com Super Bowl Bet That's A Sure ThingForbes Super Bowl weekend: A vulnerable time for gambling addictsGlobalnews.ca Tulsa World -Baltimore Sun -Tama News-Herald - Toledo Chronicle all 30 news articles »

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One of the biggest gambling days of the year: Super Bowl Sunday brings big temptation for gambling addicts - fox6now.com

Real Money Online Gambling

When seeking outa real money online casino to open an account with, it is important to do your due diligence. This should always begin by first verifying where the casino is licensed and regulated andwhat software platform is being used to power the games.Holding a license through a reputable gaming jurisdiction ensures the software has been audited for fairness and that the operator is in good standing, which from a players perspective, means you are getting a fair hand andbeing paid on time.

The first place to look when verifying this information is on the website of the casino itself. Generally,this will be a link or logo at the footer of the website. An Random Number Generator (RNG) Certificate should also be posted (again, often found at the footer of the website or on a standalone accreditation page). If this information is not readily available, i.e. the casino is lacking in transparency, it is advised to stay clear from opening a real money online gambling account.

After verifying that your prospective real money gambling site of choice is, in fact, licensed and regulated by a reputable gaming commission, your next step in the vetting process should revolve around the bells and whistles, i.e. the selection of games and promotions being offered. If you already know your favorite games or those games that you might be interested in playing, you will obviously want to ensure those games are being offered. The good news is that the vast majority of online casinos provide everything you will find in the best of Vegas casinos, including a vast selection of slot machine and video poker titles.

Online Gambling is legal in manycountries, with a growing numberof states in the US now offering residents and in-state visitors the opportunity to gamble online with real money. But for US players as whole, options are limited, and quite frankly, many of these includeonline gambling sites in the business of swindling players. Thisis why the Online.Gambling.org player community exists - to help one another discover the best online gambling destinationsto wager real money at. For a comprehensivelist of safe internet gambling sites, see our online casino reviews page.

At Online.Gambling.org, we provide community-curated, playerreviews of USA and Internationalonline gambling sites, along with information on casino game rules and the latest news on the internet gambling industry at large. Not only do we outline which websites have proven track records so you can avoid the casinos online that operate illegitimately, we keep you informed of the latest promotions, events and betting news.

One last word of advice: Remember to have fun and set yourself loss limits! Real money online gamblingshould be primarily aboutentertainment purposes, and responsible gaming is a must-follow principle at all times. Online casino gambling can be fun and exciting when playing responsibly at reputable online casinos. Read more about our top casino picks here.

Last updated January 6, 2016.

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Trusted Online Gambling Sites Since 1996 - Online.Gambling.org

A proposed Hard Rock casino that was announced for the Meadowlands Racetrack site on Wednesday carried with it considerable support from North Jersey lawmakers for placing a statewide referendum on the November ballot to clear the way for its construction.

michael karas/staff photographer

From left, Meadowlands Racetrack operator Jeff Gural and Hard Rock casino operator Jim Allen look on as state Sen. Paul Sarlo speaks on Wednesday, June 3, 2015.

Hard Rocks chief executive, Jim Allen, said the $1 billion casino would feature 5,000 slot machines, more than 200 table games, and 12 to 15 restaurants, and that it could open as soon as soon as the summer or early fall of 2016. Meanwhile, former Reebok Chief Executive Paul Fireman has proposed a $4 billion casino, hotel, spa and retail project adjacent to his Liberty National Golf Club in Jersey City that he said would take up to four years to complete.

Hard Rock Casino

A rendering of the proposed Hard Rock Meadowlands casino.

Hard Rock Casino

A rendering of the proposed Hard Rock Meadowlands casino.

Neither project could be built unless lawmakers elect to let voters decide whether to end Atlantic Citys nearly four-decade-old casino monopoly and thereby allow casinos to be built in North Jersey to compete with gambling palaces in Pennsylvania and New York State. But Sweeney a Gloucester County Democrat whose backing of a statewide referendum would be crucial last month questioned whether it would be wiser to postpone a vote to allow North Jersey casinos until November 2016 based on an expected low turnout this fall.

The unveiling of plans for a Meadowlands casino on Wednesday came with only weeks to spare before time runs out on starting the process of approving a question for the Nov. 3 ballot. Nearly a dozen North Jersey elected officials who attended the Hard Rock announcement insisted in impassioned speeches that the vote should happen this year. Sweeney did not attend, and a spokesman declined to comment.

Allen and the tracks operator, Jeff Gural, reiterated that some of the tax revenues from the new casino would aid the economic recovery of Atlantic City, where a four of 12 casinos have closed in the last 18 months. Allen added that because Hard Rock has sites in 64 countries, a Hard Rock Meadowlands casino complete with a New Jersey Music Hall of Fame would attract many of the millions of foreign tourists who visit Manhattan annually.

The announcement that an estimated 2,360 jobs would be created during construction drew cheers from laborers who attended the press conference at the tracks Victory Sports Bar. The casino also would create 5,000 permanent jobs, officials said.

This is not a fight between North Jersey and South Jersey, Gural said. Were fighting New York and Pennsylvania we need to bring back the people in northern New Jersey who now travel to those casinos.

Assemblyman Ralph Caputo, D-Essex, said Sweeney would need to be won over and that the ballot question would need to be drafted in the next 30 days.

I dont understand why we would wait another year, or two years New Jersey has a revenue problem, said Jim Kirkos, the president of the Meadowlands Regional Chamber of Commerce. Kirkos has backed new development including a casino at the Meadowlands Sports Complex since 2010.

Assembly Speaker Vincent Prieto, D-Secaucus; state Sens. Paul Sarlo, D-Wood-Ridge, Loretta Weinberg, D-Teaneck and Ray Lesniak, D-Essex; and Bergen County Executive Jim Tedesco were among the elected officials who endorsed the Hard Rock plan on Wednesday.

We will work together that this moves ahead the Meadowlands is the place for a casino in North Jersey, Weinberg said to applause from the crowd.

Weinberg said she would support building only one North Jersey casino, at the Meadowlands, while Sarlo and Lesniak support two North Jersey casinos and Caputo is backing up to three casinos in Bergen, Hudson and Essex counties.

But all of the politicians said they would be able to compromise on a plan to bring the issue to voters in November.

Im concerned that if we dont do it now, it will never get done, Lesniak said.

Gural said he met with the owners of the Giants and Jets several months ago and does not expect the NFL teams to oppose a Meadowlands casino. Gural also told the teams that, if a casino is built, he would pay to have the old grandstand adjacent to MetLife Stadium demolished and that the teams could then use that property for additional parking.

The new facility would be built to the left side of the main entrance of the racetracks new $100 million grandstand, which included a 16 percent equity stake by Hard Rock. Allen said the two buildings eventually would be connected.

Gural estimated that the state could collect $400 million in tax revenues at a rate of 55 percent almost double what the entire Atlantic City casino industry pays at its 8 percent rate if no more than two casino licenses are issued.

This was a show of force today, because everyone recognizes that this is the year to put it on the ballot, said Gural, who added that he and Allen may spend $10 million to $20 million on advertising this summer and fall to try to get a referendum passed. Gural estimated that it would cost three times as much to mount a similar campaign in 2016, a presidential election year when advertising would be more expensive.

I dont think that [Sweeney] wants to position himself as being the only obstacle to a project of this magnitude, Gural said.

The tax rate at the proposed 20-acre Jersey City casino complex likely would be far lower than at the Meadowlands, due to the cost of the investment and the greater number of permanent jobs that would be created at the Hudson County facility that like the private Liberty National Golf Club would cater to a highly affluent clientele.

Email: brennan@northjersey.com Blog: northjersey.com/brennan

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Hard Rock Casino proposal announced for Meadowlands [video ...

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Here is the original post:

Gambling - The New York Times

The Remote Gambling Association became operational on 1st August 2005 as a result of a merger between the Association of Remote Gambling Operators (ARGO) and the Interactive Gaming, Gambling and Betting Association (IGGBA).

The RGA is the largest online gambling trade association in the world, representing most of the worlds largest licensed and stock market-listed remote gambling operators and software providers . We provide the remote gambling industry with a single voice on all issues of importance to regulators, legislators, and key decision-makers

Remote gambling is now a recognized, well regulated, mainstream leisure activity in which operators have created an enviroment where gambling is fair, safe, honest and fun. The RGAand our members want people to continue to enjoy gambling online as a recreational activity but it is important to remember that the key to staying safe and out of trouble is to "Always Gamble Responsibly"

We produced the following leaflet in association with GamCare to highlight some simple messages to keep in mind when you gamble online.

National Gambling Helpline

For confidential advice and emotional support please call to speak with a trained advisor. Lines are open from 8:00am to midnight, seven days a week.

0808 8020 133

If you are interested in being kept up to date about NOSES and the progress through the project please email noses@rga.eu.com to express your interest in receiving communications. For more background on the history of the project, please click on the logo below:

Continued here:

Remote Gambling Association (RGA)

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Gambling | Las Vegas Review-Journal

Top Online Casinos New Jersey Casino Information

New Jersey has 20 casinos in which you'll find more than 26,560 slots and gaming machines. There are a total of 1305 table games. The minimum bet we've found at casinos in New Jersey is $0.01 and the maxium bet is $50,000. Click a casino on the left for more information on a particular property.

If you wish to stay at some nice casino hotels in New Jersey, visit the New Jersey casino hotels page. We actually have 7 New Jersey hotels you can book directly from World Casino Directory. Click here to see a list of all New Jersey hotels available.

There is poker in New Jersey! You will find over 204 live poker tables to play at. You will find the following games in New Jersey casinos: NL Holdem, Limit Holdem, PLO - 9, No Limit Holdem, Texas Hold'em, NL Texas Hold'em, 7 Card Stud, Mixed Games. Some New Jersey casinos also offer convention centers and meeting spaces. Over the entire town, you will find a total of 531,922 conference sq/ft space in the various casino properties.

Gambling opportunities in New Jersey include casino gambling in Atlantic City, the New Jersey Lottery, bingos & raffles, amusement games with risk and reward seaside and at county fairs, thoroughbred horse racing and standardbred harness racing, off-track betting, and online poker and casino gambling. New Jersey's gambling laws are among the most permissive in the United States. Sportsbetting is not allowed but the case may be headed to the United States Supreme Court.

There are no Tribal casinos in the state and all casinos are currently located within Atlantic City. Online gaming and Atlantic City casino gambling are regulated by the New Jersey Casino Control Commission, and race betting is handled by the New Jersey Racing Commission. Bingo, raffles, and amusement games are administered by the Legalized Games of Chance Control Commission under the direction of the Division of Consumer Affairs.

New Jersy voters legalized gambling in Atlantic City on November 2, 1976, by a vote of 1,535,249 (56.53%) to 1,180,799 (43.47%). The New Jersey Casino Control Act was signed into law the next year and Resorts International Casino was the first to open in 1978.

After several stalled attempts and a veto by Governor Chris Christie, Online gambling was finally approved on February 26, 2013, with overwhelming support. Five of the seven remaining casinos in Atlantic City offer online casinos with a total of 20 domain names between them. Online players must be within the state's borders to log on or play.

When the only commercial casinos in the eastern United States were located in Atlantic City, properties there did quite well and the planned economic benefits to the seashore city were manifold. However with the eventual market saturation of dozens of "racinos" and state supplied lottery casinos nearby in New York and elsewhere, along with the great recession, the casino's fortunes faded. For an in-depth and up-to-date guide, including history, news, statistics and the current state of the industry in the Boardwalk City, please see our Atlantic City Gambling Guide.

At their peak in 2006, Atlantic City casinos were powerful economic engines. But the numbers have gone downhill since then. At the beginning of 2014 there were 12 casinos in operation. Four casinos closed that year, and another in 2016. The Atlantic Club, Trump Plaza, Showboat, and Revel closed in 2014. Carl Icahn closed Trump Taj Mahal in 2016. The Revel may reopen as TEN Atlantic City in early 2017. The surviving casinos are doing well with less competition. Online gambling revenues are also making a slow but steady climb in AC.

Live horse racing in New Jersey occurs at three locations - Freehold Raceway (standardbred only) Monmouth Park (thoroughbred only) and Meadowland Racetrack (thoroughbred and standardbred). Atlantic City Racecourse closed in early 2015.

Each of the live racing facilities also has daily simulcast race betting. Borgata is the only casino left to offer simulcasting and a race book. Caesars closed theirs in 2015. So expect big crowds fighting for one of the 105 seats in Borgata's simulcast room on big race days like the Kentucky Derby.

Six off-track betting or Off Track Wagering (OTW) facilities are licenced including Favorites at Tom's River and Winners Bayonne.

As the state struggles to come to terms with their new place in the Eastern gambling landscape, plans are in the works for a Hard Rock Casino to open at Meadowlands, and for a $5 billion casino in Jersey City.The election November 8, 2016, will determine if that's possible when voters say yes or no to Question 1: "Do you approve amending the Constitution to permit casino gambling in two additional counties in this State? At present, casino gambling is allowed only in Atlantic City in Atlantic County. Only one casino in each of the two counties would be permitted. Each casino is to be located in a town that is at least 72 miles from Atlantic City. The amendment would allow certain persons to apply first for a casino license."

'Certain Persons' are existing Atlantic City casino license holders who would have 6 months to present plans before anyone else got a chance to bid.

Although the days of being the number two casino town in the world are over, Atlantic City can not be counted out and still offers visitors a full range of gambling venues ranging from the new "locals" favorite Resorts Casino Hotel to the Borgata, Golden Nugget, Tropicana, Caesar's, Harrah's or Bally's.

Horse racing is alive and well with some of the best tracks in the country, and online gambling for those playing from within the state's borders offers exciting opportunities. If you are playing from your hotel room at, say,Caesars Atlantic City Hotel & Casino, you can simply walk to the cashier's cage and collect your online winnings. Now that beats asking for an account flush, or waiting out a pending period at most online casinos!

If you are looking for something special to do with your special other one and you are in the Atlantic City / New Jersey area, try this website:New Jersey Romantic Getaways for some good ideas.

Public relations and casino security experience desirable. Must be able to obtain a NJ Casino Employee License....

Responsible for emptying and cleaning ashtrays in showroom and casino areas. Must be able to obtain a NJ Casino Service Employee License....

Equal Opportunity Employer Minorities/Women/Protected Veterans/Disabled. Knowledgeable of the Casino Control Act and Attendant Regulations, as well as company...

Testing including writing test cases, executing test cases, performing ad hoc and exploratory testing, creating test automations and coordinating testing...

Equal Opportunity Employer Minorities/Women/Protected Veterans/Disabled. Knowledgeable of the Casino Control Act and Attendant Regulations, as well as company...

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New Jersey Casinos & Gambling in New Jersey