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July 30 2010 Roger Blitz, leisure industries correspondent, reports from Goodwood race course on the harsh truth for horseracing. With the rising popularity of online betting, punters are abandoning the traditional betting shop and gambling is now all about a laptop and football. See more Financial Times videos at: www.ft.com
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www.nytimes.com Many of the country’s largest casinos, long opposed to gambling games like poker on the Internet, are now having second thoughts. Although online gambling is popular with millions of Americans, it is illegal in the United States, and the casino industry has considered it a threat. But a trade group that represents major casinos like Harrah’s Entertainment, MGM Resorts and Wynn Resorts is working on a proposal that would ask Congress to legalize at least some form of online gambling, the group’s chief executive said. The group, the American Gaming Association, issued a statement in the spring suggesting that online gambling could be properly regulated — the first public indication that its hard-line stance was softening. The chief executive, Frank J. Fahrenkopf Jr., said in an interview by phone that the association had not settled on the details of its proposed legislation, including how the proceeds from Internet gambling would be taxed. “We have been working on something,” he said, “and continue to work on it.” Gambling specialists said it was likely that any casino-supported legalization would be limited to Internet poker because it was considered the least threatening to brick-and-mortar casinos. Internet poker already had the backing of some in the casino industry, and was seen as a new and lucrative source of revenue for the casino companies. Congress has been weighing a bill by Representative Barney Frank, Democrat of Massachusetts, that would …
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B12 Bingo creates a unique atmosphere for all ages
A smoky haze fills the air of the B12 bingo parlor. Patrons young and old stamp their bingo cards with a paint pen, hoping that the next number called will give them the chance to yell “bingo” at the top of their lungs. This isn't the bingo you played …
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Manassas seniors aren't there for the chicken
For the past year and a half, the seniors have been gathering in a special section of the restaurant playing bingo for two hours. The event is free and those who win games are get food coupons from the restaurant. Lainyi Kniffin, marketing director for …
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Over the Long Term, the House Always Wins
However, the industry has been anything but glitzy and glamorous, as overexpansion and poor consumer discretionary spending growth have plagued many gaming-related entities. This has been especially true for the gaming manufacturers–slot machine …
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North Melbourne's boardroom brawl re-ignites
The Kangaroos have announced an arrangement with World Vision Australia, which insists its partners derive no profits from the gambling industry. North surrendered its poker machine licence four years ago and ended an association with sports betting …
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22 more Michigan casinos proposed
(DETROIT FREE PRESS) – Private investors and Indian tribes are proposing 22 new casinos across lower Michigan, and metro Detroit clearly is among the targets of the gambling gold rush. Hopefuls are wagering – against long odds – on plans that could …
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Casino Tropez Relaunches with New Look, Instant Web Play and New Payback Bonus
Instant Web Play – In addition to downloading the free casino software, players can now play Casino Tropez instantly by logging in directly to the Casino Tropez website. The same username and password can be used to play Casino Tropez games on both …
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